Option Scalper

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21 Comments on "Option Scalper"

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Dexter Thane
Guest
0
I was with this website for over 2 years. In 2015 they was a great market that was helpful and got into very positive trades with them. However the past two years have been horrible. Lost over 50,000 last year and this year over half that again. many trades they said filled, not true. Depending on your broker it might fill. The losses are also lies as the trades lose much more than stated. After finally learning about credit spreads this site is one to avoid like the plague….They do not practice safe or even good trades. Auto trades with… Read more »
Steve
Guest
0

It’s all BS. I started with a 12K account, right now it’s at $3700. Account lasted about 16 months.

Blake Carter
Guest
0

I echo Steven’s thoughts – this service is a joke, or at a minimum, does not match the claims on the website. I cancelled, thankfully, a few weeks after the ex-dividend debacle in March. Stay far, far away unless you fully understand, as I did when I started with them, that this is very risky and loss of capital is likely.

I still subscribe to Time Bandit Trader, however, and it is much less risky.

Sakura
Guest
0
Well, well… There has just been a 2nd ex-dividend debacle. Last trade was a neer 100% loss. The model portfolio is now down more than 40%. For the year! They will have to remove the “NEVER al losing year”-banner from the website. The thing is, apart from poor risk management and trade allocation, Lucas treats Call Credit Spreads the same as Put Credit Spreads. Any beginner knows not to do that. Almost all his losing trades have been on the call side. Some people never learn. Stay away from the autotrading. Do your own due dilligence and you might make… Read more »
Sakura
Guest
0

Make that “*all* his trades in 2015 and 2016 that were losers, were CALL credit spreads. Managing short calls is really, really a whole lot harder than managing puts…

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Steven Foerder
Guest
0
After a second disastrous loss on 7/8/16, this was my response to an update email sent by Many Ways to Trade management: To use one of your own words from this update, I’m ”FLABBERGASTED” by this update. After suffering a 2nd major loss, after the first catastrophic loss from March just four months ago, you are basically saying that we, your service members, are at fault for not expecting these kind of horrific losses? Perhaps you should re-read your own website description of this service. “We are not a day trading system. We are a small team of options traders… Read more »
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joe4053
Irregular
0

I do not understand how they can still have their website worded as it is and how it can be hard to find or review the trade results. They are not up front with their explanation as to why the trade went bad or as it has been mentioned
not getting out of the trade with minimal lose. That to me is not conservative and all my losses have been calls. To me
their web site is very misleading and not really producing what it implies.

joe4053
Irregular
0

I too agree as it is also my experience, I had the misfortune of bad timing joining the service in late 2015. I was not a member of GUMSHOE at the time but after big losses I found this site and have discovered I was not the only one with horrible money losing result’s.

JoJo
Guest
0

I would also recommend staying far away from these guys. They have a very tricky way of calculating their wins and minimizing the losses. I lost a pile of money this past year with Option Scalper, thinking surely they would turn this thing around. But, alas, no. Another major losing trade in December… I’m outta here!

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Gr8Full!
Irregular
11343

Thxx Andyj. I invite you to join us in the discussions on stockgumshoe.com ; best investment I ever made at 13 1/2 cents per day. Best2YouAlwayz-Ben

andyj
Irregular
-1

My first and only trade with Option Scalper began on 02/17/16. I limited this auto trade account to use only 50% of the value of the account per trade. Results, which include broker fees, are a 74% loss of the ENTIRE account value. Yikes. They talk about staying OTM and being conservative, but it was not the case in this trade.
I just wanted to pass along my experience to other gumshoers. Be careful and start small when using/investing in options.

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Phil
Guest
0
I was in that trade, too. Devastating to many but fortunately, I had lightened up from my usual 100 contracts. If I had $10,000 in the trade, that means I would have lost $15,000. This was less than 25% of my account at that time and it cost me about 33%. I heard that at least one very large account was 100% invested and it was an IRA. That means the account owner had to come up with a huge unscheduled contribution. Wow. How this trade got into so much trouble, SPY was going up, up, up and the adjustments… Read more »
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Tony_M
Guest
0

Jeez, you only used 50% of your account per trade! Why not 75%. Who ever taught you that great money management secret. I am surprised you are ONLY down 74%.

Tony_M
Guest
0

Jeez, you only used 50% of your account per trade! Why not 75%. Who ever taught you that great money management secret. I am surprised you are ONLY down 74%.

dr10
Member
5

Option Scalper current trade is down 80%+. The spread is deep ITM. Was wondering what the previous reviewers have to say now.

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birdmax
Member
-1

great newsletter, very impressed with their conservative approach to trades, the profits keep on rolling in,.
I just signed up to their sister newsletter time bandit.
charles

jimbo0421
Irregular
3

I signed up for Option Scalper on January 18th and have made 3 weekly trades with them…all winners. This is a safe way to trade out of the money credit spreads. I will also agree with everyone that commented on their responsiveness to questions. They’ve answered all my e-mails promptly and with great responses to my specific questions. I plan to expand my trading and use this to supplement monthly income. And, yes, you have to use eOption if you don’t want to lose a large chunk of profit on commissions.

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birdmax
Member
-1

STILL A GREAT NEWSLETTER. COMM. CAN BE BETTER CONTROLLED BY USING EOPTION, I AUTO TRADE.

daviddream
Irregular
14
I just subscribed to this service. They made 111% in 2014 based on actual trades. The strategy is conservative in that they are spread trading. You won’t get the kind of results that some of these buy and sell calls and puts services advertise, but they will consistently be profitable in all markets by this credit spread strategy which sells way out of the money calls and puts. Their genius comes in adjustments, which sometimes yield gains, but are more likely to keep loses small. With such a large percentage of winners, they have always had good yearly results, although… Read more »
birdmax
Member
-1

NEWSLETTER OPTION SCALPER SEEM TO BE PRETTY DAM GOOD. ONE TRADE AT A TIME UNLESS THEY PUT ON A IRON CONDOR, IT’S ONLY A WEEKLY TRADE WHICH I LIKE.
I AUTO TRADE WITH THEM.

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surnamehistories
Member
1

Hi, I have been with Manywaystotrade since February. The people are great. Not a losing trade. They answer every email you send. Been trading over 10 years they are the best. The price of the service is well, almost free. I trade the OptionScalper. Give them a try you will not be disappointed.

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