Kim Reilly’s Ultimate Trading Solution
Kim Reilly is believed by many to be one of Australia’s foremost options super-traders and stock market educators. His most notable trade was in April 2003 when he netted $1.8million profit on AMP put options. This of course, was more the exception than the rule, but people always love to tell us about “the day they caught the big one”. From an option trading perspective though, the positive part is that according to his promoters, he not only has a very high successful strike rate, but an option trading system that works consistently – providing you follow the rules.
Kim Reilly believes that 90 percent of trading success is about psychology. I wasn’t sure about this when I first heard it, but I have learned from personal experience that in the end, the decision to trade with real money at the right time all comes back to what’s going on inside your head, so there seems to be some truth in this. You can know all the rules, but doing it in a completely relaxed manner, like you’re just playing a game and don’t care, is another matter. When real money is on the table, it can affect your decision making ability.
Kim has also been described as a “pioneer stock market presenter”. This is mainly because many of today’s educators have modelled their information on his course and some even began their own education by attending one of his seminars. Some even say he has set the standard for stock market and options trading education.
Trade Like Kim Reilly
He has produced an option trading DVD home study course. The course consists of 20 written modules in Adobe Acrobat format, plus 8 DVD movie presentations by the man himself. It claims to provide the A-Z of basic option trading education, which is about right because it doesn’t focus on the more advanced option strategies such as spreads, strangles, straddles etc. It’s pretty much a “buy the option and sell it for a profit within a week” approach. The course first expounds all the elements of options and then teaches how to identify, using charting techniques, the entry signals for short term trading opportunities.
The strategy is divided into two stages. The first level involves harmonizing weekly and daily trends from charts so that short term moves can be recognized. The second level uses a selection of “confirmation” indicators which validate these moves when they’re about to occur. Apply exchange traded options to the mix and you have a recipe for highly leveraged profit potential.
The third essential ingredient to the strategy is money management. Those who promote the Kim Reilly strategy claim you can expect an average of at least 7 out of 10 successful trades, or better. It’s what you do with the other 3 that can make all the difference between success and failure. Recognizing the importance of stop loss limits is vital to becoming a profitable options trader. This is part of the psychology that Kim Reilly is at pains to emphasize. In his own words, it is essential to have an “abundance mentality” first, if it’s abundance you want.
Kim Reilly has developed a trading system that became his own foundation for financial independence. Since then, he has shared his methods to over 50,000 people. I once heard him say at a seminar, that after his million dollar trade, he gave it all away to a good cause and started over again, knowing he had the skill to get it all back again. Wouldn’t it be nice to have that sort of confidence!
People used to pay around $3,000 to attend Kim Reilly’s trading courses live, but now you can
Get Kim Reilly’s Option Trading Course at a Discount Here
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