Description
Options trading service
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I have subscribed to the Crisis Opportunity Alert- COA- $2500- and have not done very well. The last 5 recommendations or so, were losers. From reading the newsletters and the webinars, I had a mindset the market was down-trending. Didn’t bother with stoplosses on the recommended puts, I was so sure. Well, I paid some healthy tuition. I should have kept my 2500, or invested it. Yesterday he recomended buying DRI VF puts.
Today DRI gaped up and seems to be holding. Glad I didn’t do it yesterday.
I still have the mentality that; Its gonna drop pretty quick, so hold on, and it will come in my direction. And it sometimes does.
I guess I am a spread trader, sometimes screwed by trying to be a day trader. “Its dropping so much, I better limit my loss”.
I have been doing way to much of that lately.
Puts on AN, GS, IBM, CAT,
I might ask for a refund, though the subscription year is 3/4 up.
So after losing this much, he wants another 1500 for “over the shoulder trading” with the guy from Germany. But one wonders… maybe this time!
But then, I thought. 20,000 subscribers at 1500 each equals $30 million sure profit.
No risk of loss. Maybe he should be teaching how to start newsletters.
Those who have bought in with Claus, keep us posted if you would, one the value of the service.
Weiss COA – Crisis Opportunity Alert
I believe born of Weiss and company’s accurate predictions of a general market failure before many others, back in mid ’07.
I signed up Oct 1 ’08 for $2300 for 1 year of Option recommendations.
Since that time I have received just under 100 newsletters, a handful of which are just updates and commentary. The commentary can be rather interesting and educational. Until very recently, I’ve made most of the trades.
I cancelled today for a prorated refund as I have on a couple of other “tip” sheets of theirs, with no problem.
Calendar ’08 – 15 trades – 9 winners for a total of less than 2% profit, after comms.
Calendar ’09 – 23 trades – 11 winners for a total of just under a 22% loss, after comms.
Few adjustments on the newsletter. In short, in ’08 I did 20% profit on my own.
Maybe I should start a tip sheet.
Customer service is actually very, very good. But, this is about being right, and making money. So, I gave them one star so their overall rating wouldn’t be skewed.
I will put it briefly: followed them for a little less than three months. During those three months, they pretty much got everything wrong. They were right to watch the RYJUX and TBT funds, but got into them much too early. I lost thousands.
At one point Mike Larson sent out a “woe is me, I am confused” email basically saying sorry folks, stick with me, I’ll get it all sorted out, after a string of miserable failures. That was my cue to bail.
Unabashed opinion now follows: I definitely was taken in by their prescient calls on the market crash, but as hindsight now shows, NOBODY understands this market very well at all, and Weiss and company are no exceptions. I’m pretty sure they missed the 25% bull run in March/April too with their whole “sky is falling” approach.
I subscribed in October 08, had a very nice run as the market tanked into the November elections. Buying puts on huge corporations in Oct/Nov 08 was like trying to get hit by a car on the freeway. After the election, during TARP/Stimulus season this service became more like the deer in the headlights – all the gains went up in smoke. This service is just not very nimble. The marketing hype did not match the performance. I started taking both sides of the recommendations, and did well on the contrarian side of the picks! A lot of the recos were ridden straight in to the ground, despite the promise of stop loss management on the sales hype. I am reminded that there is an entire generation that has never really had their feet put to the fire of a tough market. I felt like they did not care, they made lots of money on service fees and I am the one who risked and lost. Look on the website at their performance tables before “investing”
i have been a subscriber since 12-08 and the results have been
terrible. He totally missed the up market starting in March. I have done much better making my own picks and ignoring his…waste of money.
For those who want to read the truth about Martin and MAM, type in the search bar above “Million-Dollar Contrarian Portfolio” and read those reviews on this website. Martin does not deserve 2.5 stars for his “UN-Safe Money” subscription. Maybe he should rename the report and call it “Your personal guide to wealth destruction”. His motto should be, why lose money on your own, I can help you by joining one of my high high paid subscriptions. I am down huge with his selections on this subscription as well. It should be a 1 star best case. MAM should fold up operations as their stock picking is garbage.
Please check out “Million-Dollar Contrarian Portfolio” for the real story on this website