Description
Stock trading service with a couple different pricing plans for different trade alerts.
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3.7
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http://www.monstertrades.com
This newsletter focuses on Long and Short trades. I signed up in april and couddnt autotrade since i couldnt do short trades in an IRA. They are terrible in a down market and pretty much any market that doesnt go up forever. I broke down their numbers, although they looked impressive but they can be misleading. Most of their +31% 2009 gain (i did 6 max positions and even dollar allocation without margin) came in the last two months. One has to play every pick and have a margin account for this service to be remotely successful.
But what takes the cake is the customer service. This has perhaps the worst customer service of any newsletter i have ever subscribed to. They charged me $70 before my 14 day free trial was even up. Then i emailed them at least 4 or 5 times to cancel my account last week and not renew for another month, I got NO response. Then today i went to go an log in to see if i could cancel on my own, and I have no access. Wow, thanks for the email confirming you canceled my account!! what a joke, stay away from these crooks. They also have another site called MTOPTIONS which is terrible too. if you break down their performance numbers using excel, they lost money on the 2nd half of 2009 from 06-12.
Stockgumshoe is great and im glad there is info about all these newsletters here. Iv met some cool people from here and it saves us a ton of money when it comes to subscribing to bad newsletters.
I’m subscribed to MonsterTrades and would look over there returns in 08 when everyone was burning. What do those returns made tell you? Please share honest evaluations here and not just evaluations based on a few weeks. We are currently in a downtrend and Monster has been shorting these last few weeks. Overall im very pleased and will continue to share my experiences with them.
I agree, MonsterTrades has shorted more stock over the last three years it seems than they have bought. Not sure Sonny about your evaluation. As for MTOptions, I also subscribe to them and they are by far the best service available for options. At times too aggressive for me to stomach but overall I enjoy there services very much. They trade options the old fashion way – buying straight calls and puts, and thats what I like.
“Laura” dont try to pretend that you are not affliated with this garbage newsletter. You need to look at the performance carefully, Both MToptions and Monstertrades. This website is not for newsletter promoters, I gave it my honest opinion. They never anwer my questions or billing stuff ever, they have dicey performance throughout. Look at MToptions 2009 performance closely and put it into excel, july to december and see what you will find. Monster trade had one big month in 2008 that made their year a positive one.
No Sonny I’m not, just a long time subscriber and I know exactly how there service has performed. Why is it you may comment but should I have something positive to say i’m affiliated? I like Monstertrades, case closed and they’ve done well for me.
Easy to follow and love the conviction they show when they believe in a market move. MTOptions, to me at least, is the best service they provide. But MonsterTrades is easy and prvoides me new ideas.
Monstertrades has an associated option service called MToptions. At first I was very imppressed with the MToption results, but after a closer look I found those results are inflated. For example
CPSL Jun 10 Call QTTFB.X 5/20/2008 6/19/2008 $0.65 $0 ($980.00)
What this line shows is that the option was bought at 0.65, become worthless, and the gain was -$980. Since the footnote says that the trade was based on $1000 investment, and the commision is $20, therefore the loss should be $1020, not 980. It looks like the commision was counted as a profit, not as an expense.
I recalculated the gains for all the trades using their assumption, i.e., each trade was based on $1,000 and commision is $20. I can report that none of the profit calculations is correct. In 2008, the gain near the end of August was -$16,955.79 (by their calculation it would be -$13,505). That is: if you started with $17,000 at the beginning of 2008, and you only used less than 6% of your money to trade ($1,000 for each option trade), by end of August your account is entirely gone!
That being said, if you started with a bigger account, and still have money to trade by the end of August, then a dramatic come back follows, with an eventual profit of $27,801 (not $30,910 as they presented).
Other years are not this scary, however I am not sure if the data can be trusted after finding so many inconsistencies.
Hope this info is useful to some reader
I completely agree with Tom. In many cases the $20 commissions are added to the profit or subtracted from the loss.
$20 commissions is way too optimistic anyway. The average option they buy is priced around $0.50, so you need 20 options for 1k position. For a round trade, that’s 40 options. With average price of $1-1.50, that’s more like $40-50 and not $20. Now, that might not seem like much but this is 4-5% of 1k position.
According to their ads, the average gain is around 70%. At some point I tried to insert the trades into excel spreadsheet, the results was 6-7% average gain per trade before commissions. Including commissions, the track record was almost flat. Since then they had few huge down months, so now it is probably negative.
MTGloablTrader, MonsterTrades, and MTOptions are all owened by Pinpoint, this is not a secret and they publish all three sites. They each deal with a speciifc trade- Monster (stocks), MTOptions (Options), MTGlobal (global trades).
I signed up to MTOptions for a short period based on their long term overall performance. Very soon after I signed up a couple of positions were not going so well so I watched to see how they were handled. They continued to head south until one day they dropped right off the radar and were never spoken of again and never reported in the performance page. After that I didnt have confidence in them to put on positions but watched carefully and discovered several more anomalies in their reporting and reached the conclusion that their performance figures were a complete fabrication. My own results would be much better too if I could sweep a few of my losers under the carpet!! Overpriced and Dishonest.
I was on a trial (now a member) and belong to both mtoptions and monstertrades. First let me say – OUTSTANDING! MToptions booked 10 straight winning trades for me and monstertrades has been spectacular with buying and selling volatility positions. Best trading I’ve ever done.
This has been an incredible two months for me using mtoptions and monstertrades. I am here to give credit and say thank you.
This is for MToptions only. I got a free 30 trial period. This was horrible 7 out of 8 losing trades with loses of 60%+ everytime. I think they are just quessing at what they do, You could throw darts and have better odds. Go to there website and look at there performance. YOU WILL SEE they will lose on the same stock over and over. AVOID
To Zac: I had exactly the same experience.
I used MtOptions as an advisory service for about 7 months Oct-Nov 2012. They started out being a pretty decent service during my trial period into a quarterly subscription of $248.98. Then their advice turned ugly with only about 2 out of every 10 trade advisories turning a profit. Also they charged my credit card a month early twice and Would not respond appropriately to my requests by phone at all(EMAIL only). I finally tried to cancel my subscription well within the cancellation period stated in their T & Cs and they would not credit back my quarterly fee after Several attempts by phone and email. I had to get my credit card company AMEX to investigate them and after almost 3 months AMEX credited my account as they received NO response either.
STAY AWAY from this company!! There are more legitimate outfits out there such as Value Line Option Survey.
I cannot comment o anything other than performance right now as I am only 3 months into this subscription. Performance however, A+! Could not ask for better returns these last few months. I registered for profits and I got them so with that I provide them a good rating.
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