a few good months then crash big
They may have a few good months in a row, but maybe once or twice a year they crash and you lose 90% of you capital.....so yeah....monthly they mostly have good months, but you still end up losing big.
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Online financial newsletter with focus on US economy and index options trading.
United States
They may have a few good months in a row, but maybe once or twice a year they crash and you lose 90% of you capital.....so yeah....monthly they mostly have good months, but you still end up losing big.
Total scam. Lost 70 per cent ofy acvount in 2 months. Run from these guys
I have been a subscriber for a year and they were doing fine until May/June 2023 when losses became regular. Finally, on 6/29/23 in a SINGLE trade, they wiped out 80% of my entire remaining account. This was set up on Autotrader so they had complete control. That means EVERYONE else subscribing got pretty much wiped out, too. The sheer volume of their internet advertising suggests there are (were) probably a LOT of subscribers. You have been warned. I hope I save someone. STAY AWAY
This company does not report a true track record for subscribers...The option spreads are issued once a week and are usually held for 2 days and those trades are working out okay and earn about 3.1% per trade. However, I think because they are attempting to hit their "10% per month" goal they have to trade every week in a month and sometimes issue day trades on some weeks...those trades do not appear to be fillable trades from what I can see from time and price. I think these are just phantom trade signals so that they can claim they hit the 10% mark for the month. They claim they issue trade signals after they fill their trades first but so far the day trades they issue are unfillable but they still claim them in their performance reporting. This means that as a subscriber you are NOT going to get 10% per month most of the time but the losses are real. They don't communicate with full names and don't even list a company address. I've reported to the FTC for fraudulent advertising.
IM a broadcaster AND also an investor for 43 yrs. IN AMERICA 99.9999% of all investments ARE now INTENTIONAL frauds- INCLUDING this one. THEY began by answer my emails quickly. BUT they were incredibly rude and made no sense. THEN when i pursued them about ALL technical questions. THEY disappeared.IF THEY ARE NOT A SCAM. then they SURE like to act like one. WHICH means they are ALL possessed of INTENT at demonic evil.AND they are ALL enjoying the evil-THAT they do to themselves and others. THEY should all be in jail for life. OR face LEGAL capital punishment FOR being intentional TIME wasting scammers AND OR intentional money stealing scammers-(like all other investment companies NOW ARE.very scarry country america HAS become. WHEN will it ever stop here in america? I HAVE NO CLUE.your comments R welcomed at: hugosyndicationtwo at gmail.com
This is generally a profitable strategy overall so they do have something for some investors, particularly ones with large portfolios (really only those people) where this is a small fraction of their account.
But they are fundamentally dishonest in their marketing approach and not providing transparency about huge losses that investors can face. Basically the strategy they employ seeks to make $15 off of every contract you trade. And the vast majority of times, you will make exactly that. So you will just take wins time after time for 3% overall profit per short trade. Meanwhile, the risk on each trade is $485 and you can easily lose a good portion of that, possibly even all. Since they put on only one trade at a time, this basically can wipe out your entire account (at least the one or the portion devoted to this strategy). Because of the win ratio, it's an acceptable loss for someone who is able to plow more money into the investment and just chalk it up as an occasional big hiccup in an otherwise profitable trading strategy. And no, you will NOT make 10% per month on average. You can probably do very well (well well above the S&P) depending on how well your auto-trading works but don't expect that a year later, you will have more than doubled your money. You almost surely won't.
At no point in marketing or the onboarding does the company state that this strategy is highly risky and could (and eventually will) lead to the loss of 100% of principle. There are other providers of credit spread services who are much more transparent about the great potential for these but are more interested in their client's interests since they will actually warn clients about the dangers and put on multiple trades at once that won't risk everything on one all-or-nothing trade.
For investors who do have sufficient capital to risk a small fraction on this approach, one advantage of their service is that the bulk of the trades they put on seem to be call spreads, which means there is no risk at all in a crashing market. That can be a huge advantage to create a more balanced portfolio that won't blow up all at once. What I have less insight into based on lack of time with them is how they seem to carry out call spreads even during times of rising markets since that is when the danger of these call spreads is most real.
Exiting trades is vital to a successful service. There will be drawdowns and that is expected. 10PPM does exit trades but depending on your broker, you may or may not get out. That is out of 10PPM's control and not their fault. I switched brokers because my previous broker failed to fill orders, either forcing me to have larger losses than expected, or missing trades altogether. I am referring to having your alerts autotraded which is provided by some brokers. If you manually follow 10PPM trades, you'll need to be on top of the alerts and options pricing at that time.
Overall, the service performs as expected. Be sure your broker is up to the task to take full advantage.
Don't Fall in to trap. They will suck all of your money from your trading account as well take aways monthly fees from your bank account. They will never respond to your queries. They don't have any strategy to limit risk check the loss of December 2018. for 10% bet they lost 100% of money !! never saw this kind of craziness even with immature trader. if you have lot of money to waste give it to charity don't give this bloodsuckers.
They are dishonest in reporting their returns. Also profit will never exceed 10% , but loss will always be 40-50% which will wipe out your 4-5 months return and at the end of the year you will be always at loss. This is terrible trading strategy without any stop loss mechanism for loss. Beware you money will wipe out in no time with this guys.
I haven’t used this service for years but can attest to their performance for the past 10 months. The results are as they state with the exception of brokers not filling orders for autotrade all the time. Mostly, all brokers get the autotrade orders filled with some failing. One that was successful one month may fail another month. It all depends on the market movement and limit order price. If a broker fails to fill an order, 10PPM will try again if the market conditions favor it. They won’t, however, chase the market just to fill a trade.
They do NOT recommend compounding and that’s where the individual’s level of greed needs to be in check. They suggest to keep all profits in your pocket instead of risking everything on every trade. Losses will happen and it’s better to have those wins in your account than to have all of it at risk.
The 10% Per Month name is catchy but it’s not a guarantee. It is their goal and if they fall short, it’s for conservative purposes. I’m well over 70% after commissions, losses, and missed trades since I joined.
excellent service! excellent returns! excellent customer service! excellent all around!
make good money. program work.
very happy with 10 percent per month
So glad I found this newsletter advisory service! Their trading has been amazing! After commissions to my broker, I'm up about 25% in 4 short months! Definitely recommend!
I’ll keep this short and sweet. Returns are as advertised. Just follow their rules, don’t over-commit trading capital, stick it through during the ups and downs, and you will be very pleased. Trades are simple to follow. Autotrade available with some brokers if you can’t trade yourself. All emails have been answered personally, promptly, and professionally. Great service all around.
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