Originally Posted by Bogdan G. -Click here for the full Lazy Trader Review
Why Does “The Lazy Day Trader” Method Sucks
Well, where to start? Oh, I know: the fourth trade is a winner for sure…arrghhh, the pain this statement causes me is hard to endure. It’s like somebody telling me what the lottery numbers will be tomorrow and I immediately sell my house to bet it all. Nobody knows the lottery numbers before they are published and nobody knows for sure that a trade will have 100% chances to be a winner. Increasing the amount traded at the rate suggested by the strategy will blow the account eventually, but he tells me in the beginning of the video presented on his site that “…it’s totally risk free trading”. Believe me guys, there is no such thing as “risk free” trading. There will always be a risk involved because otherwise this would be a planet of millionaires and we would all have butlers…and guess what, our butlers would have millionaire butlers. I noticed that almost everywhere I click, I am redirected to the broker they advertise for. It’s like the whole page is a hyperlink. I think the most annoying thing is the fact that the site can mislead a newbie big time. They even tell me that Traders Insight is provided by the best traders in the world and “therefore we can trust this tool 100%”, another statement that is very dangerous for the wallet of a newbie.
Why “The Lazy Day Trader” Method doesn’t Suck
“Lazy Day Trader” made me a bit worried about all the poor guys that could lose money trading this method. However, some traders that really enjoy the thrill of placing a trade could find it somehow appealing because when you are using the method, you really feel like a machine gunner, placing trades on rapid fire. And, come to think of it, if you have the right resources, you could increase the amount traded if your first sequence of four trades goes wrong. In this way, winning the future trades would recover some or all the losses incurred previously. However, I would not recommend doing so because the method is based mostly on luck, not on analysis. Beginner should understand how to use this option together with longer expiries options. That’s a real strategy.