Kirt Christensen and Index ETF’s trading
by moneyman1 | January 27, 2014 10:36 pm
Does anyone have any feedback about a trading signal system by Kirt Christensen using ETF’s on indices like the DIA, SPY, QQQQ, etc. attempting to stay fully invested in the individual ETF’s which track the whole US economy??
Source URL: https://www.stockgumshoe.com/2014/01/microblog-kirt-christensen-and-index-etfs-trading/
I’m a professional full time options trader. I manage money for others and for myself. This guy has no real clue about the market risk for the strategy he talks about. He is selling a very basic way to trade options using the weekly options on the Russell 2000 Index. I trade the RUT index he talks about every day. Credit spreads are NOT the best way to trade that market. Anyone can sell credit spreads hoping that the time premium will decay and they will make money. IT IS THE MOST COMMON TRADE THAT AMATEURS MAKE.
He has simply selling something that any options trader already knows how to do. And if you don’t know how to do what he is talking about the you should NOT be trading Options.
Go see my friend at OptionElements.com if you would like a real education on trading options.
Hello Tony,
did you get taught by option elements?
thanks
I saw his webinar and this guy is not teaching options methodology,he is is just teaching how to buy or sell ETFs through options or the ETF itself.it is not really an option methodology but a market timing strategy
Efrhen: You are partially right but I think everyone is missing the BIG PICTURE> Kirt’s
subscriptions are NOT intended to teach anyone about ETFs or Options. His systems are
automated alert signals . You can trade the alerts or not. . They are very simple and do not require much time or study. They may or may not make you any money. However, I have studied the ETF Tipping Point program and think it contains a lot of valuable info. For example you can get current lists of the components of an ETF showing the individual stocks that are performing the best(Best in Show) over the past 13 days. You can then use this data to construct whatever type of option you like to trade.
Everyone gives so many signals, it’s a hit or miss to take all signals or not. Hopefully you are bound to make money. To me, it’s no different than gambling.
Has anyone tried his system? He offers a RISK FREE , paper traded system to prove that it works. ANyone tried it and either got their money back or made money?
I’m only one-month into this. His system does have some merit but the return is not as robust as claimed by looking at the records over last year or so. My main complain is that his site is not well maintained/updated and seems this is not his focus.
I tried his system for two weeks. I had some issues signing up, and had some issues with what I felt weren’t prompt responses with tech support. When I got access, I saw that the trades were mostly several weeks old. Shortly after I joined, I got an email saying that because the system wasn’t spitting out recommendations, I would get access to a bonus ETF trade. The system then provided several recommendations. I bought two of the recommendations and one bonus trade, and lost money on each of them. (The losses were between 1 and 2.5%.) I requested a refund, and it was promptly provided.
I’ve been trading Kirt’s ETF Tipping Point now for over 4 months. On Feb. 27,2017 I put $12,500 on each of the 9 ETFs for a total of $112,500 using margin, so my money at risk was $56,250. A month or two went by and I was having to down size to $12,000 per position. And now my total account value has dropped from $61,000 to less than $47,000. Around $1,300 of that was paid toward interest on margin, but besides that, I’m down over $13,000 not counting the interest. I just keep hanging on because I know this system can move pretty fast sometimes.
So the lesson learned it nevery use margin ever. If you can’t afford the lose the money in the first place then don’t take the trade. Only trade with cash account so yuu can never borrow more morey (money that you don’t have)
Christansen seems very slippery / He always ducks the question on if trading inverse ETF’s will show similiar results as his actually going short = there is a big difference/
He won’t show the results he says most people use with his
system = trading 2X ETF’s / he has changed thw system 4 times and each time he goes to past years and changes the results as if they were always in effect / claims the average
holding time on his positions is about 3o days and in reality
it is much longer / says He avoids moving averages like the
plague when every form of technical analysis uses some
form of MA’s / constantly uses the word anomaly when
explaining poorer results than he forecasts / has his picture
taken with somebody aboard a Lear jet which proves He’s
a ” Big Hitter “/ YADA, YADA< Yada
You should just realize, if what you wrote is true, that the only conclusion is that Kirt is a CON artist. He gives fraudulent information showing amazing returns that he never actually traded. He is in the business of taking people’s money and is willing to use fraudulent data to get it. STAY AWAY.
i joined the eft tipping point. because their trade history was good. i did everything by the book .After three months . i notice they were not reporting their huge losing trades on their trade history . i told them about it and they said they would correct it. two weeks later still nothing so i told them again this time they blamed it on a computer. by this time three month had passed .i still demanded a refund for a fraudulent trade history which they sold as a ”FULL TRADE HISTORY” I put $1000 in each sector . it took a wile to get in all sectors because i waited for all new trade alerts . after three month all except two trades were losers adding up to -$1620 in losses. the two winners added up to +$70 . needless to say they would not refund me and just ignored my phone call and emails. i can understand having some loser trades but not reporting huge losers to their trade history huge RED FLAG.
I paid 1 or 2000$ a few years ago. A year in he claimed he had a run in with his web server or someone. We were screwed. No refunds. He traded 3xetfs. I remember some big draw downs
If he gives one trade a week per ETF sector, and that occurs on Friday close, does that really give you flexibility for getting out? Does he recommend Stops?
Thanks for everyone sharing their experience…… sorry you lost money.