Instant Money TraderIs anyone familiar with this service. It claims by entering codes letter/number combinations in your trading account you get instant cash? The oofer states: ”These ’codes’ are part of a little-known strategy within the options market where you get paid instant cash – in exchange for your promise to buy shares of companies you choose at a much lower price…
But only if they happen to fall to a certain level within a certain timeframe.
But as you’ll see in this letter, my aim is to pick ’codes’ where you never have to buy the stock, ever. ”
And in the 37 months I’ve been sending out ’codes’ we never have…
So all you have to do is enter the ’codes’ I send you…
And the money shows up directly in your trading account…
This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.
Hi Greg. I haven’t written about this service for a couple years, but he still promotes it more or less the same way as he did when it was launched in 2009. This is a put-selling service, from what I can tell he focuses mostly selling naked or cash-backed puts, which is a steady income generator for many folks but requires a lot of discipline and a fair amount of liquidity in your account, and each individual trade provides pretty low income so you need to avoid the occasional big misstep that wipes out years of returns. We haven’t seen many reviews of this one lately or covered it, but our older notes about the strategy and older reviews from past subscribers are here: http://stockgumshoe.com/reviews/instant-money-trader/