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An options newsletter.
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Does anyone have any experience with Optik Options Alert Pro.
The published track record on trades looks impressive.
Not sure if they are for real.
I got their track record from Global Auto Trading, I found several trades with big losses not published in their performance so I never bothered to sign up.
I believe Optik uses “fuzzy math” . One recent trade they showed a 21% loss for the record but my loss was 47.6% and I use a very good auto-trade service–that’s kinda hard to reconcile. It was an overnight trade and the market dropped due to news. so on the open everyone that had a stop loss in place as they suggested would have been stopped out, as I–they could have held the trade a couple of days and come out better??? I, also was impressed with their performance record, more for their small losses shown, that is why I joined. Should have read the comments here first. Will not rejoin.
I have used them and they do a great job
I joined up mid Jan 2017. As of mid May I’m about where I was back then. If it wasn’t for one of the trades that popped up on opening and gave a great gain, I’d be in the hole now. Since I live in Asia I can’t trade live, so I have set up on autotrade. But the results they post are certainly different than what I’ve experienced. For example, just this week they purchased MRK. It was a 30% losing trade for me on autotrade due to the stop loss they set, yet in the email I received from them they called it a 55% gain because they ignore the stop loss, so of course the next day it pops up and recovers, but my autotrade already sold me out at a loss.
Then another stupid thing they did for awhile, instead of setting Stop Losses, they were setting Stop Limits. I didn’t understand so well the difference until it really impacted me. For one of the trades it hit the limit, but didn’t sell, so I ended up not just with a 30% loss on that trade, but a full 100% loss on that trade, which was 1/3 of my portfolio I had allocated to each trade. I wrote to them and complained, they actually did respond kindly and are now back to only setting Stop Losses in the emails they send to the autotrade.
So I think there is potential there, I’m going to continue with them for a bit longer hoping my returns can come close to what they post on their site.
Hope this helps.
How’s your experience with them now?
Is there a free trial with this?
No
What returns have subscribers seen in your own portfolio using Optik Alert Pro?
This site’s returns need to be put into context. To get the claimed returns, the site just takes the percentage each investment makes and adds them all up. But that’s not really how the math plays out in reality. If you were to have taken $X and invested 100% in this approach, and you take each trade in series, you actually come out with an overall loss of 10% for 2020, not the 97% gain. That’s because sometimes you lose several in a row and that really draws down the capital so that the big wins do not apply to as much capital. But that’s also not exactly how the math plays out in reality since you can’t allocate 100% of your $X to this strategy since which security you are buying will affect how much of that $X you can use. If on the other hand, you started with $100,000 and were somehow able to invest $10,000 exactly on each trade in series, no matter whether the previous 1 or 2 or 3 were losers or winners, then you would, in fact, have turned your $100,000 into $111,832 in 2020. Since you were wagering $10,000 each time, you actually doubled your risked capital. So it’s actually better than 97%. But the key to realize is that this has to be a part of an overall portfolio that is much bigger than this one approach.
The y publish completely fraudulent returns. They claim to be “up 97%” in 2020. In fact, they were down nearly 30% in 2020 if you believe their own data!! I am not relying on anything but their own claimed data. If you calculate what you would have earned if you put $X in their fund at the beginning of 2020, the combination of gains and losses would have resulted in 30% losses.
Even if they worked (which they do not) and they were not marketing frauds (which they are), they publish INCREDIBLY thin trade recommendations. There’s one at a time. And you can go weeks without a new recommendation.