Hi my name is Dale Wheatley, founder of The Options Hunter. I used to be a contractor
who
traveled
around the
country
helping the
telephone
companies
with their
excess needs that they could not handle
in-house. As with any type of contract
work, it was inconsistent. It was difficult
to budget my money not knowing
what my income or expenses would be.
I needed an investment that would
allow for my traveling so I went to all of
the typical Real Estate seminars, but I
did not really have any interest in
becoming a landlord or managing
property. I turned to stocks.
I had played in the stock market in
my 20's, but didn't understand it. After
deciding to educate myself on stock
trading, I read how options offered
limited risk and unlimited potential for
gains. That appealed to me.
To learn about when to trade, I read
many technical analysis books and spent over $500 a month just for quotes and
charts. I also plotted many charts by
hand.
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Years later, I discovered AIQ and
bought two of the AIQ programs,
TradingExpert and OptionExpert. Still,
all I did was spend money with no return to show for it.
It was not until I sat down and
examined my winning and losing
trades, comparing them to the charts
and indicators, that I finally began to
discover the value in one particular
indicator, the MACD. I knew that
when one line crossed the other it
meant to buy or sell, but that did not
work well or consistently, both
requirements for trading options,
since they are wasting assets.
By examining divergences in the
MACD indicator, however, one
could tell when a stock was ready to
change direction with a great degree
of reliability. I concentrated on
perfecting my entry and exit strategy
using this indicator, but incorporated
various indicator time frames.
This was a process which I had
never seen done before.
Options offer incredible
potential that stocks can never
give us. Plus chart patterns develop
clearly enough to see definite direction
changes that will produce
returns in excess of 1,000% in hours,
days, or weeks depending on the
strength of the pattern relative to the
price. Besides, I don't want to 'own'
anything! I just want to make
money to do the things I want, when
I want.
I began teaching
others when some investors asked
me to explain my trading style and
ever since then I have been talking
about my discovery to everyone I
meet. I have taught people around
the world, some that I met on airplanes
in the seat next to me and in
other casual situations. I enjoy
showing people extraordinary
possibilities! I just wish someone
would have taught me in the beginning
how to avoid the pain of
investing but, as the saying goes,
'The harder the conflict, the more
glorious the triumph. What we
achieve too easily, we esteem too
lightly.'
Now I've formalized my trading strategy into two webinar delivered trading education service; The Options Hunter and The Index Hunter. You can find out more by clicking on the Products tab at the top of the page.
Dale Wheatley
The Options and Index Hunter
I learned that the separation
between rich and poor is because
rich people continue to do the things
that produced their wealth and poor
people continue to do the things that
created their poverty. It is a choice
each of us makes. I am determined
to make smart choices to achieve
financial and personal growth and I
want to help others be successful. People all
need to look hard at their beliefs
before expecting to become successful
options traders, or succeeding
with anything in life.
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