I was a bit emtional, not upset, after saw this short reply that without any ground.
I consider a person:
1) an average person when someone knows the market declined in 2007 and 2008;
2) a trader when someone understands what a covered call strategy generally is;
3) an average trader when somone understands different ways of using any strategies (including but not limited to covered call);
4) a good trader when you can either extend your profit when market is in your favourite, know how to cut your lost when market is againist you, or know how to setup a long-term come back strategy if decided to dilute cost of your shares;
5) God, if you know where the market is going in the next day
According to my scale, I considered the one replied is a below-average trader, I could be wrong, is just my way of scaling.
Do you understand how many ways covered call can be played? or
Do you know how my strategy works? or
Do you know how I studied each stock before entering the market?
If there is a 'No' to the questions above, please be considerate and don't reply such a definite comment: 'you will loss huge'.
Claim 1: I am not a trend-chaser
Claim 2: I am not a break-out predictor
Claim 3: I don't have to trade at all since I can put my money into GIC if I don't fully understand the market.
Claim 4: There are ways to profit from declining market.
Enough said, I am still preparing the slides and hopefully will setup something in the near future.
Again, there are lots and lots of money making strategy out there. The strategy I am using does not be the only strategy one can uses. It's just an educational seminar, welcome question and of course comment to discuss. Please do not compare your strategy to mine if they are not compatible.