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Anand Sanghvi, aka “Sang Lucci”, is the founder and head trader at Sanglucci.com. Sang Lucci has successfully traded equities and options since 2006, beginning his career as a proprietary trader at PTG Capital. After two years of grueling trial and error, he had been named head trader and started producing more $2000 days than he knew what to do with, always using tape reading and options to make his plays. He left in 2009 to manage his own money, and while the rest of the market was crashing, he infamously turned $50,000 into over $2,400,000.
At a minimum, they look a lot different than all the futures vendors out there both in terms of how they present themselves and what appears to be a much higher degree of transparency....but as we all know, this can be faked...so who really knows.
I will say this though, their educational offerings appear to be priced fairly for the most part...
I don't trade options and know very little about them but if I was interested in them, I think I would sign up for their stuff.
Simplicity is the ultimate sophistication, Leonardo da Vinci
Most people chose unhappiness over uncertainty, Tim Ferris
They have a once a week show on btfd.tv called mailbag where they answer submitted questions. I enjoy watching it, if I was interesting in that style of trading I would seriously consider giving them my money.
None of these gurus start off their pitch by saying that you need $250K to get started trading, in order to have reasonable risk management and position sizing. Only place I have ever heard such sober wisdom was here on futures.io (formerly BMT).
Instead they say you can get started with $5K like Lucci does here, and neglect to mention risk management entirely and the amount of luck that is required to survive and prosper from $5K.
I watched the documentary about Haim Bodek when I worked for a big HFT shop many months ago (I worked with people who worked with Haim). In the documentary I saw what looked like a cool outfit in some loft in NYC and thought they looked pretty legit, but thought nothing else of it. While I was on holiday two weeks ago I read Michael Lewis/Flash Boys and Scott Patterson/Dark Pools, and from there I did some research on Haim and Trading Machines, and found SangLucci.com, and this week signed up to their live trading room. I also purchased their Lucci Method options trading technique on Wednesday.
These guys are seem to be the real deal if you do stocks and options. They keep things succinct, with tight watchlists and tape reading/order flow to jump in on the moves. Tape reading is something that is new to me, and I have been studying order flow using Peters Jigsaw product (must-have DOM IMO). Having begun to have some success trading the treasuries with Jigsaw/Order Flow, the fact these guys are all over the order flow is good for me (I cant believe it took me so long to get into order flow).
I have only been in the room for a week and made a bunch of cash on Thursday and Friday trading options on TSLA, PCLN, C, V and GS...oh and I used weekly options to short GLD Thursday and made some nice money there after someone in the room mentioned the setup. Their options focus is also pretty simple and clean as a leveraging vehicle, and to be fair I have way more options knowledge than futures, so my ease into the concepts might not be the case for others.
Right now the room is $49 a month, which I think is cheap personally. Everybody can post, and you get to listen to some of the traders at sanglucci.com talk, and even watch their screens. The general idea is that Lucci is the main guy, but there seems to be some other guys in there not from SL that know what they are doing too. I have never traded stocks/options intraday, so that has been new to me but I bought the Lucci Method too to help bring the concepts together into a nice intraday trading plan. *You dont have to buy it or any education material to get access to their trading room either*. The Lucci Method set me back $2150, which is reasonable - not too cheap and not too expensive I think. Given its price, if you know tape reading and options (and you can find this out on the internet elsewhere with some research if you dont), then you probably dont need to spend the money. The tape reading piece for me has been priceless. Another good thing that I only realized over this weekend is that they have a whole bunch of trading psychology stuff - thats a big part of the method and how they trade themselves. I once was a student with this course : Education Overview, and it was 5x the price as this one, and never once covered the psychological aspects of trading. Having quit my job hoping to trade futures, I was blindsided by the psychological problems that have been continual in my trading. It is therefore another good sign to me that SL are well aware and open about the psychological problems, with techniques and strategies for them, especially when you get to sizing up, though I cannot comment too much on that part of the course as its at the end. Looks legit though.
Having been all over trading rooms, courses, forums etc, and had pretty bad experiences many times over, right now the only two places I frequent is here at bigmiketrading.com, and I will make sanglucci.com my other home. I will be doing futures trading looking at price action and order flow using Jigsaw, and then I will continue for the rest of the day day trading stocks/options.
Its early days, but I havent suffered buyers remorse yet!
