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I auto trade option scalper and time bandit. they are the best newsletters I have seen, and I have seen plenty which are loaded with b/s. then I discovered the above and have been a very happy trooper. one of there first goals is to protect your investment, then make money.
keep up the good work.
You’re happy with the 150% loss in March and the 69% loss this month? How is that protecting anyone’s investment?
This one of the best I have come across, especially Options Scalper. Why? Low draw down, the key to long term profits, coupled with conservative strategy and no over trading. Since 3/11 no more than a 15% DD, which can be made up in 3-4 weeks!
The best part is you can effectively compound your account.
The risk: maybe one day the market forces will collide in a day to wreak havoc on the spread you are in. If that is the case, the company’s trade management will shine you may end up with a loss, but it will not destroy your account. So, as you compound, lower your percent participation. This will allow the un-greedy to mass a fortune. But you need patience.
I simply love this service!
Since you wrote “maybe one day the market forces will collide in a day to wreak havoc on the spread you are in. If that is the case, the company’s trade management will shine you may end up with a loss, but it will not destroy your account” last October, the market forces have “collided” multiple times and the staff at Many Ways to Trade have destroyed many accounts by their total failure to exercise trade management. Option Scalper posted a 150% loss this March and a 69% loss this month (July 2016), and Time Bandit Trader had a slew of losses from January through March this year that had a cumulative very destructive effect on their clients’ accounts.
It has performed terribly in 2016/2017; keeps losing money
That is because this guy thinks that ‘if the market has risen this high already, it cannot rise higher…”. Go figure. *All* his losses have been bear call spreads.
The market is stochastic, but he doesn’t know that.
Honestly, I must have been unlucky or the other comments are not trustful.
I was able to get out of most trades of Time Bandits in time to avoid losses. I can only criticize the lack of stop loss, they just roll up or down a couple of times, then they pull the plug.
Boom! -23% on yesterday’s trade.
Option Scalper sells spreads on a weekly basis. They completely ignore the effect of gamma in such a short time to expiry, if something goes wrong- and it went wrong… a lot!
BTW, everybody should know what is gamma, otherwise you better invest you money in treasury bonds.
So they roll and roll, week after week (4 so far) but don’t worry: everything’s fine. The method is proven.
It might, but it is very stressful and I promise you many sleepless nights. Since you cannot possibly risk more than $5 or $10k, I think it’s just not worth it.
Sorry for posting such a negative comment guys, but I wish I had one like that to read before subscribing to your newsletter.
You weren’t unlucky – your experience was similar to that of their other former clients, and the positive comments here don’t tell the full story. The folks at Many Ways to Trade have emptied the accounts of loads of their subscribers.
To Mr. Reckless from Investimonials
Option Scalper
The current trade referred as “reckless” is an open trade for sure but has been expertly managed around S and P volatility for the last several weeks. In fact as we stand right now we are fine. There is a condor on to offset the spread which looks likely to expire wordless, since it is $7 out of the money. The condor was put on for protection and flexibility. The condor may be adjusted very soon and yes a debit will be issued, but this trade is being managed well.
Think about it: We get 3-5% a week! So even if this trade is a maximum loss of 15% (their max loss in three years) you could make that up in month or so. That is 7.5% of the portfolio so long as you allocate according their parameters.
This trade is only down about 1-2% now! Remember: we are time bandits too. They will simply adjust as needed. What you are really paying for is their excellent trade management when things go wrong.
And because the S&P is oversold, we may still be OK and only incur a small loss. Chill out and recant your recklessness.
Update: their maximum loss in three years is an unconscionable 150%. Apparently Mr. Reckless from Investimonials was right.
I have been with Time Bandit for over a year and recently also signed up for Option Scalper.
This is one of the best trading services out there. Their understanding of the markets, timing of their trades, and trade management is excellent.
People need to understand that there is inherent risk in trading options and credit spreads. If they want no stress and no risk, they need to be in CDs. They also need to understand that there is absolutely no way to have a 100% success rate on all the trades. One has to review track records over a period of time. Time bandit and Options Scalper have an excellent long term track record.
Shirish.
It is amazing me that people bolt from a great newsletter because of a small loss on a trade– to find the money grail. 131% YTD!
I am happy with this service.
Many Ways to Lose
You can’t say these guys don’t offer diversity in investing. With Option Scalper, they lost their clients an eye-popping 150% in March of 2016 by recklessly rolling ad nauseam, then they reversed course and lost another whopping 69% in July of 2016 by failing to roll when they should have. With Time Bandit Trader, they prefer the death-by-a-thousand-cuts approach to loss, providing you with smaller but more numerous drawdowns that overcome their modest gains after commissions. If you want to wipe out your nest egg in variegated fashion, these incompetents will be glad to show you how! The only downside is their lack of basic English spelling skills, but thankfully their public statements will soon be written by the lawyers they’re going to have to hire to defend the upcoming class-action lawsuit against them…
Hey traderjeremy,
What are you complaining? The perfomance of Time Bandit Trader in 2016 was a whopping 2.6% and for 2017 we now are at some 4% up in 2017! 4% in 6 months, amazing!
And off course Option Scalper is doing even better: minus 38% in 2016 and YTY 2017 is at minus 56%. No big deal. I would say excelent risk management.
From a investor who began with them in 2016, take my advice run the other way. I was impressed by their claims of conservative trading. Turns out to be false. Endless rolling of bad positions to massive losses. I am too embarrassed to mention my losses thru them..over 75%.
MWTT was doing well for many non-volatile years but then volatility increased and they couldn’t handle it so Option Scalper suffered a 150% loss in March 2016 and another 60 % loss in July 2016. Just look at the results shown on their website. The only thing you can say in their favor is that they didn’t cover it up. Selling premium requires some form of stop loss trade management which they are ignorant of and their response to an unfavorable move for trades is to roll forward which is why they experienced such disastrous results. Its a shame when you get sucked into a service that has such stupid and ignorant management.
Check out their website and you will see the 150% and 60% loss experienced by Option Scalper in March and July of 2016. The only form of trade management is to roll forward which will always, eventually, result in a total wipeout of invested capital. Their subscription price is low and the management skills you get is what you pay for.
I have been subscribed to Option Scalper for a few months now and am incredibly happy with the service. I have joined many services that want thousands up front, this service is only $32 per month and you can cancel anytime. We just closed out our 8th straight win, and before that there were 4 wins without a loss either.
Inevitably there will be a loss, but with these guys record I have confidence to get through it. Their alerts are simple and relevant to the current market conditions, and if I need to contact them they always respond in a timely manner. I highly recommend http://www.manywaystotrade.com and have just signed up for their Time Bandit service as well.
Report back here after one full year of using Option Scalper… we all would be interested.
Now is June 2017. Here are the results for this service:
2016: Loss of 38%
2017: Loss of 56% (until now).
So had you invested 10,000 at the start of 2016, you would now have left 2,700. That is a loss of 73% in a year and a half.
Completely unable to contact via phone or email anyone at Many Ways to Trade. Does not look like any trades since August 2017, it is now May 2018. No more emails or communication from them.
Yeah. He got burned around November 2017. His web site is still up. But the business apparently went bankrupt. Told you so….