Elite Trader Series

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5 Comments on "Elite Trader Series"

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Elaine
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0
I signed up for Bernie Schaefer’s Option Alerts newsletter. While I did not find it very exciting, I did try some of his services, such as “Elite Trader Series” and so far, he has really picked some great stocks. I have only been trading his recommendations for a month and have made more than the price I paid several times over. You get alot of stock picks, so you have to either pick and choose which ones make the most sense to you or take smaller positions. We made a bundle in PALM. They tell you when to get in… Read more »
John
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John
I subscribed in mid-September and receive 35 or 40 recommendations per month. Each is very specific, recommending a specific option purchase at a specific maximum entry price. Some are simple puts or (more often) calls, but some are more complex straddles, etc. At some later time (days or weeks), specific instructions arrive for closing the trade. Most of the trades are short-term. Of the 162 recommendations that I’ve received, 62 have ended with a profit and 100 with a loss for a winning percentage of about 38%. Had I followed their advice and purchased the same number of options for… Read more »
Steve M.
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Steve M.
I got this service about 3 months ago. Although it is a lot of trades to go through as long as you stick to a good money management system and read Schaeffer’s commentary you will find several big wins and a good amount of 30%-60% wins. My rep Rob has been outstanding in his explinations. The one thing you do not want to do is just go in to all of the trades without reviewing them for yourself. The truth about options trading is a 40%-50% win rate is great unless you trade spreads. With Schaeffer’s I have hit almost… Read more »
Rogier
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Rogier
I had initially subscribed to Elite Trader in December. Schaeffer’s does an excellent job in broadcasting their trade recommendations and then shortly thereafter follow-up with a more detailed explanation or ‘trade driver’. With the service providing 40-50 trades per month, you really need to consider if you have the TIME to intercept them and follow them responsibly. I do not. Regardless, I cancelled this subscription, and Schaeffer’s kindly transferred my account into a more conservative service. With any of these option services, you must not rely upon the service to give a sell signal – set your own stops and… Read more »
Baba
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Baba
After trying Expiration Week Countdown, I used Elite service and NO DOUBT it really helps. I have not only got back the money I lost in earlier service in few trades but also made sufficient profits. Just to mention in today’s alert for SGI option for $3, one could made over a dollar in just few hours which means $3000 to over $4000 (pure $1000 profit). What I understand from their fast service, you have to take action in timely manner and pre-set your profit target from 10% to 50% then you would have over 90% win rate. But if… Read more »
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