Scott Ruble Day Trading Class

[NoMoWork]

I couldn't make the recent class Scott did on day trading. Does anyone know if he will offer this class again, or buy the recording of his class?

 

[tom]

I know they were kicking the idea around of doing another Day Trading class with options later this year. It looks like you can still purchase the 17 August class.

https://aeromir.com/POTDayTrading

 

[NoMoWork]

Thanks, I was able to buy this product. I've viewed all his sessions from the Day Trading training, and he often uses the term "par", but I'm having trouble linking the term to the strikes he is trading. Does anyone know what he means by this term?

 

[vega4mike]

I attended the day trading class, how does he use this term "PAR", its not a term I've come across in his videos.?

 

[NoMoWork]

He uses it several times when discussing possible strikes for his trades. If you look at about the last 10 minutes of the session 1 video you will hear him use it there.

 

[tom]

Glenda sent me a new link with the Aeromir discount for the September 19 Day Trading Class:

https://aeromir.com/daytradingsep22

Aeromir price is $379. Not a big discount be every little bit helps.

 

[vega4mike]

He uses it several times when discussing possible strikes for his trades. If you look at about the last 10 minutes of the session 1 video you will hear him use it there.

Par is just mkt maker/floor trader speak for those big round numbers like 4400, 4300. In the recording you mentioned above, he bought 95-00(par) spread for 0.95 i.e the 4295/4300 spread. He then goes on to outline the various decisions on what to do with the position now the mkt is lower & the spread trading for a small loss, one of the decision paths is to butterfly off the spread for par (00-05), this will be the 4300/4305 spread.

 

[NoMoWork]

Ah, now it makes sense. Thanks vega