10 Percent Per Month

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219 Comments on "10 Percent Per Month"

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schotanusc
Member
-1
Having been a subscriber, never again, I was amazed at the number of trades that worked. 80% sounds amazing, and at 10% per month you’re doing great. Until that one month when you lose 90% of everything you have in the trade. To me that was the kicker, you’ve made me about $2000 over a 5 months, not bad. Then a $3000 loss hits. We were told that these things happen but stay the course. I tried that and it happened again a few months later. I was down about $5000 over those 7-8 months. I wasn’t really down 4K… Read more »
10ppm
Guest
0
As stated previously, we do not recommend allocating one’s entire portfolio in just a few trades. It is suggested to keep cash on the side for subsequent trades that take advantage of market conditions. If a subscriber allocates everything in the first few trades, they no longer have capital to trade with for that month. If those first few trades are losing ones, they have a loss in their account versus those that took part in the winning trades later that month. Of course they feel like the returns should show the loss they experienced but it is not the… Read more »
David
Guest
0
Lets follow your logic and assume that members should keep 50% of the account in cash. So if I have 10k account, I would allocate 5k for the 3 trades and leave another 5k for adjustments. During normal month, those 3 trades would make anywhere between 2% and 10%. 10% is rare, so on average, it’s around 6%. 6% of 5k is $300. This is what you would make on good months on 10k account. That’s around 3%/months. Not 10% as advertised, but still not bad. Then October 2014 comes. You had 3 trades that lost 100%, 50% and 25%.… Read more »
10ppm
Guest
0
We do not make recommendations on the amount to trade with or what percentage of one’s portfolio to use. We do say that going all-in is foolhardy. Cash on the side is not at risk but also won’t earn a return. How much one decides to trade with and keep on the side is up to them. Trading $10,000 in a portfolio of $10,000 is very different than with a portfolio of $100,000. Which one do you think is over-allocated? We currently trade 3 positions (IWM, DIA and SPY). Typically, we’ll try to get one trade for each position but… Read more »
David
Guest
0

Here is another way to show how deceptive your performance reporting is.

If you add all monthly returns in 2017, you get 33.7% return. Again, 3% per month, less commissions and subscriptions fees.. still not bad.

BUT: lets add all credits and all debits for all 12 months.

Total credits: $5.02
Total debits: $5.75

That’s total loss of $0.73 PER SPREAD. Since the spread is $2.00, that’s 36.5% LOSS. Not 33.7% gain, but 36.5% LOSS per risked capital. Again, using your own performance page.

10ppm
Guest
0
With that math, we could have a 90% return after 3 months! How? Try to follow along… If we had 3 months of where three spreads earned $0.20 each, that would be $0.60 each month or a total credit of $1.80 for the quarter. Total Credit: $1.80 Let’s say all of them expired worthless, realizing the entire premium collected so the debit would be $0.00. Total Debit: $0.00 Divide the total credit by the $2.00 spread $1.80 / $2.00 = 90% Your math would result in a total profit of 90%!! That’s absurd!! To put the aforementioned example into dollars,… Read more »
David
Guest
0

No matter how you spin it, the truth is that you reported total GAIN of 33.7% in 2017, while in fact you had a LOSS in 2017. You got 5.02 credits and paid $5.75 debits to cover them. Are you disputing this simple fact?

jerrick
Member
28
Your math doesn’t work, as explained in the previous comment. Repeating it does not make it true. Need another example?: Let’s keep it simple and say we have just 2 trades, both earn a $0.10 credit. Trade 1 expires worthless, realizing a 5% gain on the $2.00 spread. Using a $100 trade amount as an example, this is a gain of $5, bringing that allocation to $105. Trade 2 is closed out at $1.00, realizing a $0.90 loss. This is a 45% loss on the $2.00 spread, bringing that allocation amount to $55. Add up the 2 new totals and… Read more »
David
Guest
0

You can argue how to calculate the amount on risk. You cannot argue that total debits is 2017 where more than total credits – which means 2017 was a losing year. How much losing depends how much was on risk on average. It is probably more than $200 since on average there are about 2 positions, so we can assume average risk of $4.00, not $2.00. Loss of $0.73 on $4.00 risk means 18.2% loss in 2017.

Again, argue as much as you want – 2017 was a losing year, but monthly returns shows 33.7% gain.

10ppm
Guest
0

Even with jerrick’s clear explanation, it doesn’t make sense to you. You can’t just add up the debit and credits like that. It’s completely inaccurate.

David
Guest
0

Which part is inaccurate? If you get total credits of 5.02 and had to pay total debits of 5.75, YOU LOST MONEY. Plain and simple. My calculation of the loss was not completely accurate because I assumed $2.00 on risk. But the loss itself is indisputable.

David
Guest
0
In your example, if the 2 trades are part of an iron condor and use the same margin, then yes, the loss is 40% not 20%. If this is the same trade, then you got 0.20 credit and paid 1.00 debit. Your total loss is 0.80 or 40% on 2.00 risk. If those are 2 separate trades, then your total risk is $4.00, and the loss is 20%. But the question is not really how much was the loss. No matter how you calculate it, if you paid to close the trade more than the initial credit. You have a… Read more »
10ppm
Guest
0

Two separate spreads, not a condor. Total risk is 4 but you want to use 2 in your calculations. That is why your numbers are inaccurate. Now you want to use 4 for your first calculation but that’s also inaccurate since there were many more than just 2 trades. You have to obtain the result from each trade, not just add things up and divide how you want.

David
Guest
0

Yes, but some months you had 2 trades or even one. But even assuming 3 trades, that’s $6 on risk. 0.73 loss on $6 risk is 12%. In reality it is higher because not every month had 3 trades.

But the important point is that it is still a loss. Less than I first calculated, but still a loss, compared to your 33.7% reported gain.

jowzers
Member
20
I’ve been trading with 10Percent since mid 2015 so I have a couple of years of experience with them. There were some losses in 2017 but following their guidelines, I did have a profit for the year. David doesn’t seem to have a clue and is trying to confuse everyone. My first trade was a losing one and I wanted to quit the service immediately. After they answered my questions, I followed their guidelines. Those losses were erased and quickly replaced with profits! Maybe David put his entire portfolio on a few trades which turned out to be losing ones… Read more »
jerrick
Member
28
Losses are inevitible when it comes to trading. Some will be more than you prefer but if you keep locking in winners, you’ll do just fine. 10PercentPerMonth has been very reliable to me over the years. I’ve been with them since 2012. There are some drawdowns but the frequency of winning trades makes it all worthwhile. Just stick with it and you’ll see your account grow as I have. I tried to read some of these negative comments to see if they have any merit but the complaints are more of opinion and assumption than anything else. Trying to make… Read more »
David
Guest
0

No merit? Then please explain how their own performance page shows loss in 2017 based on total credits and debits, but the monthly returns show 33.7% gain? Those are facts, not opinions.

jerrick
Member
28

Explained in my comment above…

jowzers
Member
20
I admit, I didn’t follow the guidelines initially. My first trade was a losing one but I learned from it. I gave it more time, relied on their experience, and that patience has paid off. When I first allocated, I wanted everything to be used, to maximize my return. The loss set me back and I wasn’t able to open the subsequent trades they sent out that month. Since then, I scaled my allocations back, keeping capital preservation a priority. If someone were to continue putting everything into just 1 or 2 trades, they’re asking for trouble. Sticking with their… Read more »
Terrance
Guest
0
Grateful to have found this service. They’ve done me well. Compared to other services, they don’t have the volume of trades. Having more trades just ties up more cash and increases commission fees anyway. When condors are opened, it could be on the high side for fees but the consistency of profitable trades makes it negligible. Just make sure you have a competitive rate with your broker. Services that tout small trades here and there rack up the commission fees much more quickly. If a trade goes bad, these guys will close it down and not roll them into future… Read more »
JasonW
Guest
0
10PPM truly is a great newsletter. I don’t like to write reviews but this service must be praised! They regularly open credit spreads each month. Sometimes they pair them with another to create a condor or just a separate spread itself. It depends on the market. When the market conditions change, they change their strategy as well. Earlier this year when the markets were having some wild swings day after day, they opened up some long straddles. This takes advantage of the volatility and they handled them flawlessly. One of them earned over 75% and another doubled! As soon as… Read more »
Jason
Guest
0
I’ve tried numerous online advisories and 10PPM is the best. Others have multiple trades which turn out to be a commission generator whereas 10PPM has just a few quality trades each month. Sometimes the markets have trading opportunities for the service to open additional trades. This doesn’t happen all the time but it’s great to see that they change their strategy when the market environment changes too. My portfolio doubled after about 18 months. I have since taken out my initial investment and am happily watching my portfolio grow without any worry of losing my initial amount. Defnitely a long-term… Read more »
Dianne
Guest
0

10percentpermonth has been very patient with my endless questions. They are very professional in answering all of them to my satisfaction. The service has been a great educational tool as well. I only knew the basics of options trading before joining their service and am now very experienced with credit spread trading. When exiting a trade, their experience is very valuable. Instead of fighting the market, they close out positions in order to reset for the next trade.

Gerald
Guest
0

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.

fprater67
Member
0

I have had a very pleasurable experience with 10PerentPerMonth. They are very knowledgeable and answered all of my questions in a timely manner. Trades are solid and are structured in a way that not much babysitting is required for them. They manage each trade by watching the markets just in case things go crazy. If they do, they are quick to close down trades and protect my trading capital. The July 2018 cycle is going to expire tomorrow and it should be another 10%+ month!

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