Description
An Iron Condor options trading service.
Overall Rating
Rating: 4.7/5. From 25 votes.
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4.7
Rating from 103 votes
If you’ve subscribed to Trade Mavens, please click the stars below to indicate your rating for this newsletter, and please share any other feedback about your experience using the comment box below.
Investment Performance
Rating from 26 votes
Rating: 4.7/5. From 26 votes.
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Quality Of Writing/Analysis
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Rating: 4.6/5. From 26 votes.
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Value For Price
Rating from 26 votes
Rating: 4.6/5. From 26 votes.
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Customer Service
Rating from 25 votes
Rating: 4.7/5. From 25 votes.
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For the two months that I have been using TM, they’ve been able to earn over 20% for EACH month!! They sell Iron Condors then buy them back when the profit goal is reached. Each of those 2 monthly trades were held for just 2 weeks! I always thought trading was stressful but the way these guys handle it, I’ve been able to sleep well every night without worrying about my money.
I recently referred my cousin to their service and will be eligible for a discounted monthly rate soon. I’ll definitely be referring more especially with their referral program. If you refer 4 people to them, you can earn a free membership!
Great service, definitely worthy of 5 stars!
It’s been an awesome ride trading with Trade Mavens. Their price is nice, the Trade School section is a good feature offered to those just starting out trading Iron Condors and the returns have been phenomenal. On one trade, we only held the position for a total of 11 days and still made over 20%. I was autotrading weekly’s before, but I may have found the strategy I can count on to be less stressful than what other services are offering. Spend a little time to learn about how Trade Mavens generates profits for its customers. You will not be disappointed.
I have a few questions about Trade Mavens that will no doubt display my naiveté regarding trading options. Since you folks are rating this service so highly you can probably answer them in a flash.
1. Is the “Trade School” info only what I find on the link on the front page, or is this just a taste of what I get as a subscriber?
2. What does “RUT” stand for? I see it’s used to represent the underlying security in all of their examples.
3. Do you auto-trade or await their emails? What if you miss an email?
4. And finally, do they only do one Iron Condor per month or is there continuous trades going on?
Appreciate your comments, thanks!
@praveen
Thanks for your comments. I will have a bit of cash to manage later this year and I may make Trade Mavens a part of the strategy. Just curious, does it change your opinion on them after the less than stellar September result from Trade Mavens? It appears they were down 32% in their most recent month.
Is trademavens really that consistent with their returns? Ive emailed them with questions regarding verification of their trades and profits as they advertise on sites such ad Investimonials and profit.ly, but have not gotten a response. Also they are not registered with BBB. They have not verified their trades. They ave not verified their profits. Any reason not to have? Are they really legitimate or scam guys?
Tried trademavens for a month. Boy was that a mistake. First you should know they only have one trade per month – an iron condor. When you sign up you get nothing and don’t hear anything until the trade for the month comes out. When the trade comes out, it is released with no explanation, no market commentary, nothing. Trademavens only does iron condors which can be very good. However, they pick fairly tight ranges on their iron condor and as such can get into trouble easily, as did the trade they released in November 2012. Almost immediately the trade went south, and about a week and a half after the trade was initiated they said to get out, with about a 20%+ loss. Funny thing here it is a week later and they have not posted this latest ‘loss’ on their website. Hmmmm….not very transparent. When I did email them with questions, it took a while usually to get a response. This service is not good because you are blindly taking someones advice, who doesn’t explain the rationale, and it is only one trade per month. There are MUCH better services. Search for spreadthetrend, they are great, describe the rationale of the spreads and iron condors, have many more trades, are cheaper monthly, and have a terrific track record – and each month I have made money. I would stay away from Trademavens.
I am/was a Trade Mavens member, my account was up $10,000 over 5 months and now it’s down $2,000. Their last email was 7/16/13, they haven’t updated their site with July’s loss. Only a mention that they’re having email problems, they haven’t responded to any of my emails or contact forms. I’ll be canceling my subscription i the next couple of days.
I highly recommend staying away from this newsletter. I signed up earlier this year, it was doing all right, up reasonable well. Went into the July trade, that was looking good, they could have closed it out early for a nice profit but they let it ride. It ends up in the money. OK, bad call, that will happen. What makes them unacceptable is that a they had some sort of problem with their email system and didn’t alert their subscribers on their exit nor was it autotraded out. I took a full loss, while they posted an 11% loss to their website. I am highly skeptical that that is accurate. They make a bad call here and there, fine. Claim they can’t work their technology, no way…..
I had the same problem as the two reviewers below. I lost 100% of my investment when they claim their email server went down. They didn’t even bother to manually contact their subscribers. Funny, their payment processing server worked just fine. I will be contacting an attorney to discuss class action negligence and breach of contract claims.
I had some good success with this service actually. They did have some issues with their email server in July but they updated members through the member area message page. On there, they posted their July exit trade and August’s entry trade when their host’s email server failed. I was autotrading then but with their updates, I was informed to manually submit the trades.
They could not answer any emails during this outage but they fully answered my questions when they changed hosts and email servers.
They told me that their previous server was a shared one and another domain uploaded something that spread to the entire server, disabling email, databases as well as other services. They now have a new host and server.
Despite the outage, members had access to all of their messages and alerts through the member area.
The July trade was a losing one but they managed it well and limited the loss to only 11%. This was easily made up in the August trade. Most of their trades shoot for a 20% return so a minor loss like the one in July will be recovered easily. I’ve been using them for 6 months and am VERY happy.
Yes, they said that they were having problems. They didn’t say that they were not verifying orders sent to brokers. I started with $40,000 in FEB just after their 50% loss. was up to $50,000 until this ‘technical’ error. Then I was back to $9,9 00, how that equates to -11% is beyond my skills.
And to quote them, “Our messages do get published to our member’s area but since the email failed through our host server, our application stopped and did not continue to post to our member’s area. “
Sorry, typo!
That should be $39,900 not $9,900
No need to quote the word quote. I know what quote means and what I quoted speaks for itself. If you can’t make sense out of it, take it up with them, not me.
Your “quote” doesn’t make sense as I was able to view all of their messages in the member area during the outage. Maybe there was some issue when they answered your email but was since resolved? I can log in and see their recent messages.
Their August position earned a hefty 23% and the September position looks like it will do the same. Only 1 more week until it expires! I’ll post my results when it does but you’ll already see it on their site too.
Looks like the NASDAQ is having software issues again. This is the 3rd time in one month’s time. If a system as sophisticated as the stock market has software glitches, I’m sure a small company like Trade Mavens could have them too.
As a member during their email issue, I can attest to the fact that they did update their subscribers through their member pages. Maybe the rep was misinformed when they replied to Tony but I had no problems seeing their alerts and was able to minimize the loss on a position they had open at the time. Email was down, but they kept us updated with their member page updates.
As for my review, I think this is an awesome service. Depending on the market, they’ll either open a vertical spread or a condor. They shoot for a 20% return each time and are able to achieve it very frequently. There are losses but who doesn’t make a losing trade? Any losses are recovered quickly with their 20% monthly goal.
Looks like a couple of posters below work for Trade Mavens. They are correct that during their email outage the trades were still posted on the members section of the website. What they do not tell you is that trade were ALWAYS sent via email. AND nothing was sent out telling people the email system wasn’t working. In other words, we had NO reason to even think of checking the members page for the trades, as we were all very accustomed to waiting for closing emails. Most of us lost 100% of our investment!!!!! DO NOT GET THIS SERVICE!
Just an update from my last post. The September trade did expire with the maximum gain of 22%! The October trade looks good with just one week to go.
This is a WARNING about Trade Mavens. Do not subscribe to this newsletter or follow their advice. I signed up in June and invested a significant amount of capital because of their alleged awesome returns for the past 10 months straight. They lost just under 100% of my money with their auto trade non-sense. They I emailed them and ask for an explanation and they said the call spread resulted in a 100% loss and those who participated in the put spread will see about an 88% loss. They said the average between the two trades is a 45.1% loss. Huh???? My account is almost to ZERO. I only have a few hundred bucks left and I invested ALOT. Trade Monster said my loss is about 95%. I feel sorry for the subscribers who followed their advice for the last 10 months and participated in these huge gains that allegedly made and compunded their money. Can you imagine the poor people who compunded to hundreds of thousands of dollars or perhaps millions, just to see their entire capital wiped out to ZERO. Trade Mavens falsely advertises that they limit their losses to 10-15%. Here is a direct quote from the web page: “Our trading philosophy, in very simplified terms, is to take our money and run at any moment we reach our profit goals on any given trade. By the same token, if our stop-loss limits are triggered, we move decisively in exiting any trade. To stay ahead, we try to limit our losses to a range of 10% to 15%. We choose to take our lumps and move on without any second-guessing. All emotions are eliminated from our decision-making process and we’ve been able to consistently execute successful trades over the years.” OK, simple question: Why didn’t they exit the trade at 10-15%? Why did they allow it to go to 100%. Trade Mavens refuses to post the June loss on their web page because obviously they want to prolong posting it so they can lure unsuspecting victims to sign up until the very last minute. I bet if they had a gain, it would have been posted immediately. I’m asking all subscribers to file a complaint with the CBOE and file a class action law suit. Thank you…
Big scam..
Stay well away from this rubbish newsletter . It is very expensive and their price is not justified.
The way they trading is extremely risky.
No communication with subscribers.
Never respond to any inquiry or question, very arrogant behaviour
The performance results published in their website is manipulated so don’t reflect the actual results. Sobd Not fall for this SCAM
This service, which I subscribed to, is fake. On 1 Aug, 2019, they sent out a recommendation to sell a put credit spread for RUT at 1525/1500, for expiry on Aug 16. (I have that email and can send it whoever wants to see it.) They said to sell with limit $0.50. Soon afterwards, the market as a whole including RUT tanked, and RUT remained below 1500 until the expiry date. The spread would have lost $5.00, after taking in $0.50. There was no email recommending to exit this trade.
However, on their website, they do not mention this trade which would have lost hugely. They do mention a trade of RUT at 1420/1425, opened on Aug 12 for a credit spread with limit $0.80. This trade apparently made 19.05%. Yet even though I subscribed, I never got any email from them recommending this trade.
This is outrageous. They seem to be faking the information on their past trades. In particular, they did not mention a trade that lost a huge amount. Nobody should be subscribing to this service.