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Predictive Financial Services
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Service that providesĀ 3 – 10 weekly options recommendations.
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I am currently testing Predictive out I use global autotrading with Interactive Brokers where I am on Globals fee rates. I pay like 35 cents a trade. So far my results mirror Predictives published results. I got in around Aug 1st and they had a bad week and had a loss for the first week of August. That is ok as there are losses occasionally. So far I am at breakeven maybe slightly ahead. On August 31 I will evaluate Predictive and see if it is worth continuing with them. I only set my Global web page to trade 1 contract to see how it went. If they have a nice gain for August I will increase my contracts to 2. I will evaluate every week and increase my contracts until I get to 10 which is what they trade. I have emailed them with suggestions and a nice women Kristen always replies. I told them they have had doubles but they would sell too soon as the position kept climbing. I suggested they let the position run and they could have triples or quadruples.
In my 4th month with PFS.
I like them but be careful.
My personal best results come from thinking about their trades before I jump in, and then pick the ones I’m comfortable with.
I am on the computer almost all day which works for this style of trading for my risk tolerance.
I have made some good profits, and taken some hits too!
Overall I’m ahead and pleased with these folks.
I have watched their trades after I closeout mine, and in general, they beat me pretty good on a weekly basis.
I never let a bad trade become 100% loss like they currently do (they have indicated this will be revised soon).
In the 4 months I’ve been watching, they post everything they do, and without exaggeration.
This is fast moving stuff, and you can get your butt kicked quickly and violently if not careful.
Me being an impatient type trader, it’s not unusual for me to be in and out within an hour on many trades.
I make less that way, but have almost consistently done OK, and I probably sleep better at night.
Overall, this is some wild stuff that I find can work, but you need to be careful and a big account doesn’t hurt either.
I am on autotrade with Global Autotrade and I found I get Global Auto tradings commission fees which are very low. I am now 3K plus over my initial investment on one contract per trade If all of you traders who are pleased with Predictive will email them and encourage them to get out of losing trades before they expire worthless., they might do it .Also to let a trade run higher if it is doing so. This would increase their profits and make there clients a lot happier. I emailed them the other day about letting the winners run higher and they said they were working on it.
I could make more money manually trading Predictive’s picks but I cant glue myself to my computer anymore.
I agree with your comments wholeheartedly. Some days I can be glued to the computer, some not. When a trade fills, I IMMEDIATELY place a sell order. This one thing has made me more money than any other ātrickā. Last week I had tsla puts that sold at the open and doubled my $. Shortly after that, the same put drifted to zero. Had I not had the sell order in place, I may have only broke even or lost $.
With PFS, I use sell orders that way, but if I can monitor a fast moving stock, I will suspend my sell and let the winning trade run.
Overall Iām happy with PFS. I donāt trade all their recommendations, which sometimes is good, but sometimes I may miss a double. Would help if I knew their criteria behind the trades. Iām big on TA, so if I donāt like the chart I wonāt make the trade. I also donāt allocate an equal number of contracts, but rather an equal (+/-) dollar amount to each trade, typically $2k. Overall Iām up 47% on what Iāve used of their trades in less than 3 months, so Iām happy. I also trade high profile stuff they seem to miss, like nflx and tsla which have both moved a lot recently.
I autotrade with PF and it went OK until the market for Tech stocks got.bad. I made money for awhile but then I lost. I remembered what you do with PF and so I cancelled out of Global Auto trade and I am trading with my old broker Think or Swim. I am Demoing at first and last week I made 37k.They made 60K. They get out too soon in some cases and they let too many trades go 100% loss at expiration.
I am going to demo a little longer to see how I can do even better than them as some of their trades triple and quadruple. Your right you have to watch cnbc on TV and do guick research on each of their picks to see if their picks will be successful.
Likw other people on this board I’d love to talk to you about how you spread their picks. I never could master spreads although I know how to do them.
DON’T AUTOTRADE PF AND YOU BETTER UNDERSTAND SINGLE OPTIONS BEFORE YOU DO THEIR PICKS.
AFTER HAVING 3 MONTHS EXPERIANCE NOW with their licks I am planning to make big money with them. Their system of licking is excellent. You just have to. monitor the tech market to see if the market is going the way of their picka
Starting with Global this week and would love to hear how things panned out with you since 2018.
Made 48% ($2,700+) on Tuesday (August 21st) from the 3 overnight trades, and I closed out early because of a Doctor Appt..
Bought the 2 trades last night (Wed. Aug. 22nd) with about $6,700 invetsed on the table right now (Thur. Morning Aug. 23rd), and right now I’m $2,200 ahead on these trades, if I close out now.
Still have more potential so I will wait.
The folks on here bad mouthing PFS for “Lying” about their trades and so on are just wrong, based on my 4 months of experience.
This is fast moving and quick trading stuff.
If you can’t hack it, don’t play.
Good luck everyone, however you decide to go through life.
Jeff
i Have been making good money auto-trading with them and I watch very carefully all of their trades. I’ve got some big money coming in, in the next 3 months and I am thinking of switching to manually trading. These guys had positions that quadrupled. With 10 contracts you are talking about some serious money being made. There system gets out after 100% profit but if they had stayed they would have made a fourfold gain. Exciting stuff
Agree with both of you, PFS appears to be nothing if not 110% honest about the trades they make. It is fast moving, and despite my initial apprehension about something that seems ātoo good to be trueā, overall Iām impressed. Profits donāt lie, and the $20k test account I set up to try their service is at $28k in less than 3 months, including commissions. Taxes will eat up $3k of that, so realistically Iām at $25k. It bad for a few hours a week tracking trades. Easily $150+ per hour for something I love doing anyway! Continued success to all of us.
Should read āNOT bad for a few hours a week…ā. (Canāt figure out how to edit a post).
Excellent post Julie. Your correct,PFS doesn’t set stops and they set a profit limit of 100%.They could let positions run for quadruple profits which happened last week. On auto-trading I noticed after their order is filled they put in a limit sell order like you do manually.
When i get more time i might auto-trade their signals. I think I can shut off the Global auto-trading and just trade on their email signals. That way if I am not on my computer I can just put it on auto pilot. It bothers me that i am missing triples and quadruples but I have to be glued to my computer to do that. Like you said its stressful as the position could switch quickly to a loss.
PFS follows a strict trading model which works for them. I wrote them about changing the model to allow for stops and letting positions run and Kirsten replied they are working on it. Their model takes human emotions out of trading. I have to admit after 20 years of trading I have a difficult time taking human emotions out of my trading. That is why I like autotrading.
If i decide to manually trade PFS the way Global works I will have to open up a separate account with Interactive brokers which is easy to do.
With you, Julie. You need to be thoughtful about how you use this service. After a few 100% losses, I now place stops on all of their trades. Still making very good money on their recommendations and will renew for a year next month.
This was a very hard week for them. Seems like they go in spurts.
Yep I lost last week on auto-trade but the nature of single weekly options is that there are draw-downs but for the long term you make money.No single option newsletters have a 100% win rate. The stock-market is to blame not PS. Since i am on auto-trade i will see how much I make over a 3 month period and ignore the weekly gains and losses.
I did not have a good feeling about any of their trades except ntes, and even that one is losing. They bought at $5, I bought at $3.5, and have been selling calls against my position, which is down 50% but almost break even due to the spreads. I did not take on any other of the trades, all of which were bad (puts when prices are rising). I actually emailed them a couple weeks ago about an amzn position, pointing out that there was high OI in the opposite direction. My trade worked, theirs was 100% loss, and the next day they recommended an opposite trade. They never did reply to my email! Lol
Sometimes their picks confuse me, it really pays to do your own dd.
Since July 2018 I have been trying to figure out PFS. I just made 7500 paper-trading on a AMZN call option for the 11th. On my TOS papertrading account, I just activated realtime option trading on my real money TOS brokerage account.
The only time PFS does good is when the sector they trade does good and is stable. I figured out the only consistent stock they tradeis AMZN. I trade the lowest option chain which today was the 11th 4 days until expiration. This works out well and I have made a lot of money paper trading. Single options are extremely volatile and can switch direction at any time. I got out today at 7500 dollars. I take my profit and run. Is probably going higher but who knows in this market.
I’m going to start real money trading when I determine that the big money traders are back from vacation and the market volume is normal again. One should be careful during holidays times.
What amzn call option did PFS recommend? Iāve only seen puts last 2 weeks. Or was this your own pick? And if so, I assume was an otm by quite a bit? When it gapped up on the open I grabbed some 1650 calls and sold less than 2 hrs later for a nice profit.
As you say, amzn isnāt a trade you can put on autopilot.
What baffles me with PFS is we have been clearly getting a bounce (will be a bear flag imo) after a dive, but all their picks the last 2 weeks were puts. Not sure what their system is, that ignores the obvious.
PFS uses some kind of computer generated picks. I’ve been following them for 8 months now and I am a subscriber. I lost money autotrading with them as before 2008 I made alot of money autotrading. I found out autotrading doesn’t work anymore. So I have boned up on my manual trading skills, I have 20 years experiance with online trading. So I am trading manually 3 stocks that PFS trades AMZN, GOOG AND BKNG. in the morning I evaluate on Yahoo Finance if these stocks show any decent move t one way or the other and then when the market opens I wait a few minutes to see if I can get a good price a d if I can I buy it.
One time PFS got it right on a morning pick but another time they lost. It is apparent they don’t use any method to pick options other than relying on a computer program. You are better off like Julie said and make your own evaluation on when to get involved with options.
There are several posters on here including me who lost doing PFS picks. By autotrading which mirrors their picks accurately I still lost.
Also they don’t report losing weeks which is not right. They should reportike one poster pointed out that they are 54% accurate. This is ok but PFS options are expensive and a trader must have a large account and have the kahunas to put up with large drawdowns before you make profits. With PFS you eventually make money over a year but you lose alot in between. They don’t point this out.
Please let us know the 3 month outcome.
The spurts are when FANG stocks do good
If they do good they tell the truth. If they lose they lie. I’ve learned about trading AMZN my way not theirs.
I think they went out of business. They havenāt answered the phones in two days.
You need to email them. They don’t answer the phone during trading hours. They just put a limit trade on my IBKR brokerage account for TSLA so they are in business.
I still get emails from them three or four times a day. They haven’t gone out of business. Just got one I’m about to look at. Placed two yesterday afternoon.
In fact, the two trades I made yesterday are nicely up, and the two they recommended this morning were priced out before I could get into them… at the open.
This is the best service I’ve tried and I will be renewing.
They should go out of business. The liers
Julie
What are yours gains for this year ?
I analyzed their reported 4th qtr trades. To summarize:
Gains Losses Total
Count 49 23 72
Sum 26.4 (18) 8.4
Prob 68% 32%
Avg 54% -78% 12%
Kelly 22%
So 68% of the 72 trades were profitable, with gains averaging 54% and losses 78%, with 12% overall
The Kelly Criterion suggests investing at most 22% of the portfolio in any trade.
Overall, despite the many disparaging comments in this forum, the performance seems danged good for holding periods of less than 2 weeks. I’m going to give it a try.
If you trade like Julie does with PFS you can make money. Just make sure the FANG stocks they trade are doing good. I am trading their AMZN picks the morning ones, they do the best
this is the info from their marketing emails. is this a fraud of stats compared to your findings ?
ALL Last Week Results*,
(February 11 – February 16)
* last week, we had no losses. If you’d bought & sold ten (10) Contracts
for each Position as below, you’d have banked $2,580.00 Gain. āāāā
* last week, we had no losses. If you’d bought & sold one (1) Contract
for each Position as below, you’d have banked $258.00 Gain. āāāā
BKNG 1920 Call, bought for $25.00, sold for $25.00, 0% GAIN
CMG 600 Call, bought for $9.00, sold for $11.00, 22% GAIN
MU 42 Call, bought for $0.92, sold for $1.50, 63% GAIN
ALL Prior Week Results*,
(February 4 – February 9)
* in the prior week, if you’d bought & sold ten (10) Contracts
for each Position as below, you’d have banked $17,330.00 Gain. āāāā
* in the prior week, if you’d bought & sold one (1) Contract
for each Position as below, you’d have banked $1,733.00 Gain. āāāā
āBABA 165 Put, bought for $2.31, sold for $3.50, 52% GAIN
MU 39 Put, bought for $1.01, sold for $1.82, 80% GAIN
AMZN 1610 Put, bought for $26.00, sold for $40.00, 54% GAIN
TSLA 300 Put, bought for $11.60, sold for $2.00, 83% LOSS
GOOG 1095 Put, bought for $14.40, sold for $17.54, 22% GAIN
NTES 245 Put, bought for $6.27, sold for $10.00, 59% GAIN
AMZN 1740 Call, bought for $44.00, expired, 100% LOSS
BKNG 1850 Call, bought for $31.50, sold for $60.00, 90% GAIN
NFLX 340 Call, bought for $8.95, sold for $13.00, 45% GAIN
GOOG 1115 Put, bought for $14.49, sold for $30.00, 107% GAIN
ALL 2018 Results*
(January 1 – December 31)
* in 2018, if you’d bought & sold ten (10) Contracts
for each Position as below, you’d have banked $394,160.00 Gain.
That’s $32,846.67 Gain each month, approx. average.
* in 2018, if you’d bought & sold one (1) Contract
for each Position as below, you’d have banked $39,416.00 Gain.
That’s $3,284.67 Gain each month, approx. average.
ALL Last Week Results*,
(February 11 – February 16)
* last week, we had no losses. If you’d bought & sold ten (10) Contracts
for each Position as below, you’d have banked $2,580.00 Gain. āāāā
* last week, we had no losses. If you’d bought & sold one (1) Contract
for each Position as below, you’d have banked $258.00 Gain. āāāā
BKNG 1920 Call, bought for $25.00, sold for $25.00, 0% GAIN
CMG 600 Call, bought for $9.00, sold for $11.00, 22% GAIN
MU 42 Call, bought for $0.92, sold for $1.50, 63% GAIN
ALL Prior Week Results*,
(February 4 – February 9)
* in the prior week, if you’d bought & sold ten (10) Contracts
for each Position as below, you’d have banked $17,330.00 Gain. āāāā
* in the prior week, if you’d bought & sold one (1) Contract
for each Position as below, you’d have banked $1,733.00 Gain. āāāā
āBABA 165 Put, bought for $2.31, sold for $3.50, 52% GAIN
MU 39 Put, bought for $1.01, sold for $1.82, 80% GAIN
AMZN 1610 Put, bought for $26.00, sold for $40.00, 54% GAIN
TSLA 300 Put, bought for $11.60, sold for $2.00, 83% LOSS
GOOG 1095 Put, bought for $14.40, sold for $17.54, 22% GAIN
NTES 245 Put, bought for $6.27, sold for $10.00, 59% GAIN
AMZN 1740 Call, bought for $44.00, expired, 100% LOSS
BKNG 1850 Call, bought for $31.50, sold for $60.00, 90% GAIN
NFLX 340 Call, bought for $8.95, sold for $13.00, 45% GAIN
GOOG 1115 Put, bought for $14.49, sold for $30.00, 107% GAIN
ALL 2018 Results*
(January 1 – December 31)
* in 2018, if you’d bought & sold ten (10) Contracts
for each Position as below, you’d have banked $394,160.00 Gain.
That’s $32,846.67 Gain each month, approx. average.
* in 2018, if you’d bought & sold one (1) Contract
for each Position as below, you’d have banked $39,416.00 Gain.
That’s $3,284.67 Gain each month, app
It’s all rubbish
They have not published the first weeks of this 2019, that means the last boughts also of last year. It have been a disaster, I am not exagerating, I lost a huge ammount in just 3 weeks as long as they never uses stop loses.
They have done a very bad job last few weeks. This is a f**ked up market which their trading program obviously canāt handle. You can NOT blindly follow their trades, you need to do your own research and also place stops or use spreads.
Julie,
What type of stop parameters would you use if your brokerage account didn’t allow spreads? A fix percentage of the premium? Or a time stop? Or a combination of both?
Based on the results of my trades with them (about 4 months), 42 trades were were winners within 3 days of purchase (and 1 loser). The remaining trades held 4 days or more were 16 winners and 31 losers.
I’m thinking of maybe deploying a time stop but since my platform doesn’t have any historical information on the daily option premiums for options that have already expired, I have no way of back testing the strategy.
I donāt know any brokerage that wonāt allow spreads. Do you have a basic account you need to upgrade to a higher level of options trading?
Not sure what a time stop is, never heard of that. I rarely use stops of any kind because whipsaw action will kill you. I set up Gtc sells immediately after buying any position. If I couldnāt do spreads I would want to be constantly watching the market during trading hours. You can also set up conditional trades, ie- if stock xyz rises/falls by a percentage or $ amount your option gets sold.
Think or Swim has Thinkback, which gives historical prices.
Last, and most importantly, I donāt trade any PFS recommendation unless TA supports it. Lately thatās been about 1 in 10.
The other thing that will help you preserve capital is buying options that are in the money instead of the ones they recommend, which are typically not. Shoot for at least an 80 delta.
Julie is correct. You will go broke following their picks blindly.
Yes, it’s been horrible. 15k of realized profits gone in less than a month, now down to a realized 10k loss. And it seems like their luck isn’t getting any better. And it seems like they are doubling down on trying to make up for the losses by incurring more losses.
Also, their strategy seem to have changed. Recently, they aren’t giving any profit targets on some of the plays until the end of the day or even sometimes a few days later. For example, two of the successful buys today simply say HOLD. In the first several months of being a customer, they always had a profit target whenever they had a successful buy. Now they don’t on some plays. I’m not sure why they are giving plays without a profit target chosen before buying.
And their plays are getting much more expensive due to the market’s volatility. I’ve been a customer for about 4 months (they keep extending subscriptions when they have a down week) but I’m now reluctant to renew based on the performance of the last month. What if they keep losing?
I’m probably going to not renew until they start having a prolonged winning streak again.
theri emails brag about their streak !! over 900 wins . are those lies ?
Yes they lie as bout everything. They claim they sold a certain price which was a lie. They only do good whenFang stocks are rolling. Otherwise they are just shooting in the dark.
They may have 900 wins, but they donāt tell you the losses always, so hard to know the true number of losses unless you are a member and track it yourself. Definitely WAY more losses than they admit in their advertising.
PFS is a POS!!
I caught PFS in a direct lie. One day they said they sold an AMZN option at certain price and I was tracking AMZN options the whole day and it never attained the level they said they sold at. I think in the morning they take a dart board and throw a dart and wherever it lands they recommend the trade. They play games with their results. They are not trading their own picks either. Theirs are all hypothetical trades. After being a subscriber for 9 months I do not recommend them. The only thing I learned form them is I can make a huge amount of money on AMZN and GOOG single options if the market has a major move either plus or minus.
They donāt post when they have losing weeks. January 2019 there loses were 150-200 THOUSAND !!!
One poster summed it all up. Stay away from this newsletter. They are not truthful. I lost 10 k on autotrade with them. They really bamboozled me. I did learn to use Amazon as a trading option vehicle and I am making back my money trading manually. There picks are just hypothetical. They don’t publish losing weeks
I agree. And Iāve been trading just amzn on a daily basis. Even very slow days it moves $10-20 and you can pick up a few hundred dollars with one or two options.
Stay Away. They misrepresent results. For example. On 3/7/2019, (February 4 – March 1), They state* If you’d bought & sold ten (10) Contracts for each Position as below, you’d have banked $9,250.00 Gain. Here is what they don’t tell us.
10 contracts of each recommendation would have cost $334,110.00. Profit of $9,250.00 on an investment of $334,110.00 = 2.77%. In the same time period the SPY profits 3.84%. Just a Warning..
I just finished my trial week and traded the 3 plays all made money as I traded 5 contracts per. I do not like that they let the losers 100% or close. Obviously trading weekly options will cause time decay fast. If they’re right it’s gotta be quick if not stop lose. I will trade the plays either directional as they call it or credit spreads. Based on the option prices and number of trades they put on I’m assuming I would need about 250,000 to trade 10 contracts. I will start with an even dollar amount per trade, that will seem to balance the returns. If you have BKNG at $2000 a contract and another at $360 you can’t possibly figure the returns correctly. I use another service and should’ve probably just stick with it but their record looks intriguing. I’m at the computer all day so manually trading all these plays plus lots more are not hard.
Wayne “Stockz”
Iāve been with them since the end of April and have done well. I trade 5 contracts per recommendation. If it starts to go the other way I cut it at 50%. Seeing itās he weeklies theta working against you. Iām very pleased and I do know for advertising purposes they wonāt show a bad month which is deceiving but as long as you are using good position sizing you can withstand a negative month.
If you had started with them in January you would be telling a much different story. They seem to have cycles of winners and losers. The first 2 months of this year they did very poorly. Over any given 12 month period they seem to do well. But if you got in with them at the beginning of a bad pick cycle, you could end up losing a lot of money, and then it would take a long time to recover from that.
I used them for awhile, but they simply have no consistency and no apparent method, which is not how I trade. I did make good money with their picks, but it was like having a blind guide leading me with strokes of luck. And I did the same things you have mentioned doing- equal allocation, spreads, and getting out way before taking a 100% loss.
I’ve caught them in outright lies on what they sold an option for as I follow AMZN all day long. They are very deceptive. They just randomly choose options just shooting in the dark.
The only thing they did for me was put me on to trading options on GOOG and AMZN . I’m currently scalping these options and I’ve done well. By paper trading I keep getting better every day and I’ll soon switch to real trading.
They are doing sh** this week
They are sh++ period. They are con artists I lost 14K on auto-trade with these creeps. I caught them on incorrect entries they made on their big wins sheet. Julie said it all in her previous post.
So it’s now July 5 2019. I had the misfortune to join this service about 4 months ago. At first it seemed good and I made a little profit. Their track record since 2nd week in May is disastrous. Yes, they had a couple of winners but mostly losses and some complete wipe-outs. So far, since joining them, I am down over 90% thanks to May/June (the results of which they don’t publish which in itself is disconcerting) with little hope of recovery. If I take into account my subscription fee I’ve lost everything. That leaves a very nasty taste in my mouth and I wish I never heard of these charlatans. Yes, they have good periods followed by bad periods which wipe out plus more the good periods. Steer clear unless you’re looking for overall losses.
Just received an E-Mail for Predictive Financial services ..currently asking $395 per month PLUS the Auto Trade Crap …….Better taking $49 out and subscribing to Stockgumshoe!
I think the negative posts here are missing the point. Predictive is just doing educated guessing. The key works here are EDUCATED and GUESSING. I don’t think they have a crystal ball. What do you think the big trust funds do? The ones that make a few percent a year or worse lose a few percent a year – same thing. What do you think Warren Buffet does – same thing. Has he ever made a bad investment – of course. I have subscribed to Predictive on and off for a few years. I have never found them to be dishonest. What I have found is sometimes I can not get the same fills as they do, but that is the way this game is. But sometimes i get better fills. Option fills are difficult at the best of times. Trading is the hardest thing i have ever tried and I have had several businesses over my long life. Why? because it just doesn’t make since most of the time. How can a stock report bad earnings or have a law suit filed and the price goes up? Happens all the time.
And now trading is even harder as you are trying against computers and large funds. Sure Predictive will have losing days, weeks, months, but I have never had them show a losing year. That is trading and I think they are as good as anyone. And if you take anyone’s calls without doing your own research, or auto trade, you are asking for trouble.
Well, the guessing part is correct, not sure about āeducatedā. I honestly think they simply have some computer program that generates the picks. I have never seen any reasoning presented for any pick which would indicate actual educated guessing. I definitely would not compare them to Buffet, who makes most of his $ selling options, not buying. Big hedge funds have a problem (as does Buffet), which is allocation. They cannot buy or sell too much of anything at once or they will move the market. Consider too that a hedge fund, as the name implies, is shooting for stability more than stellar profits. Thatās also in line with Buffet (rule 1, donāt lose money…). Even Warren had a surprisingly bad year this year, and Iām puzzled he did not see the obvious sell off coming in February.
I doubt PF ever has any skin in the game. They make their money selling information, not trading their picks. So, ultimately the fills they report are just theoretical.
Something else to consider- letās say a stock picking service could be 60% accurate, or, regardless of accuracy, return 30% profits a year. So either way, guaranteed money. Word gets out, and at some point, too many people will be making the same trades at the same time and the system will fail from its own success. In the end, it still comes down to educating yourself about market patterns, trading tactics, and honing your timing. You cannot trade fundamentals alone (as you mention- bad earnings but price goes up, etc). Most if not all institutions now use algo trading programs. You canāt āout tradeā a computer so it makes sense to learn the patterns and work with, not against them. And youāre right, trading may be simple in concept, but itās far from easy. It can be confusing, counterintuitive, and downright maddening to watch erratic price action sometimes. You have to develop your own system that works for your personality, circumstances and risk tolerance. And, in my opinion, it has to be somewhat fun and interesting, or I would find a different way to make a living.
I joined Predictive Financial August 5th, 2021. As of December 15th, I have placed trades for 82 of their recommendations, 60% have been profitable, with a closed P/L of $ 20,374. I am pleased with the service.
I used their āserviceā for a little more than a year, it recently expired. If I bought the 10 contracts that they recommend I would have lost more than $310,000. I quit trading their recommendation early on in my subscription. I wrote to them several times trying to cancel my subscription and never heard anything back from them. They are very clever marketers, they may have a good run of a week or two and use that in marketing to new customers. Be very aware, I would stay as far away from these people as possible!!!
Good or bad, depends on the results you get from any service.
I trade here in Sydney ,late at night and trade manually.
But i dont stay up all night, 2 -3 am does me.
Reading the comments , the scary bit for me ,was the comment
The Kelly Criterion suggests investing at most 22% of the portfolio in any trade.
No Service [and i have tried plenty] would countenance that figure.
And I am not saying they do, if anyone does take 10 contacts in 1 trade,
then unless they have a sh$$tload of capital, they would be using a lot of their bank.
I have been trading options since around 2000 and the most I would risk on a trade would be 5%,
usually less.
Seems to me the way they trade [real or hyperthetical],when they have a winner it can go big, but the loss side can also be big.