How Karl Domm Became a Successful Options Trader

Karl Domm, after obtaining his business degree from Fresno State, worked his way up to run a multimillion-dollar chemical and water treatment company. He owns real estate and is successful in business — most people would have been satisfied with this.

Karl felt his money should be put to better and more productive use and started looking into all kinds of franchise opportunities and other businesses to invest in… but they all had one drawback – the financial investment was large but so was the investment of time… something he really didn’t have as a father of four.

Karl wanted more. He wanted to find a way to invest that would produce passive income for his future so that he could work as much or as little as he wanted and still live the lifestyle he desired. In this quest to build passive income, Karl began trading options on line in the mid 1990’s well over 20 years ago.

Why Karl’s story is different from that of every other “guru”

Unlike all of the other so-called gurus who will find ways to stretch the truth and tell you that they have never lost a dollar or made a bad trade, Karl Domm is always 100% honest about the hard road he traveled to gain success.

During his first 15 years of trading options, Karl blew up his account six times. After his final setback in 2008, he had to write a check for more than $12,000 to his broker to cover his losses.

Writing that check would give birth to eight years of successful trades.

Because no matter what struggles he faced, Karl never gave up. He knew that option investing was the key to a life of financial freedom.

After sending the check to his broker, Karl made a decision:He dedicated himself to learning everything there was to learn about trading options.

So after years of ‘hit or miss’ trading he started thinking about trading as a real business – buying and selling stocks and options as a ‘business’. He didn’t know if it could be done, but the idea intrigued him. He knew somebody, somewhere was making a killing in the markets and was determined to find them, learn everything they know and make a killing of his own.

He was determined to run his trading as a business, not as a gambler, and that meant looking at opportunities, supply and demand, marketplace dynamics and managing his business based on solid business fundamentals: profit, loss, expenses, overhead and return on investment.

Like any business his only concern was to buy something he could sell at a profit – and with enough of a profit margin so that his expenses (although small) were covered leaving a consistent and reliable income.

After his last major set back in 2008 he decided to reeducate himself, and since then he has developed and tested over 198 different trading models.

He dismissed almost 154 different models because he found them to be not profitable.

Of the remaining 44 trading models he developed, he spent months and months back-testing them (also known as paper trading).

Many of them couldn’t stand up to back-testing and were eliminated.

However, Karl continued to test, refine and redevelop his trading models.

This refining led to 17 models that were promising enough to forward-test (trading using his own money). Some of these were not up to Karl’s high standards and were eliminated.

Of those 17 models, eight were successful; but Karl still wasn’t satisfied.

Karl took these eight models and tore them apart; he turned them inside out and flipped them upside down, looking for any flaws in their design. Finally, after years of testing and 190 disregarded trading models, those eight models have been developed into legitimate money-making proprietary trading systems.

After well over a quarter century of experience, years of education, and trial and error, Karl is now ready to reveal some of his most successful trading systems to date.

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