Weekend Trader Series

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5 Comments on "Weekend Trader Series"

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sirlostalot
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sirlostalot
February 4, 2011 8:47 pm

I’ve lost half of my IRA in the last year since trying his “Weekend Trader” series. Loss after loss sprinkled in with a rare, small winner.
I give them high rankings for consistency- consistently bad!

dc
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dc
February 9, 2011 12:45 pm

I tried the weekend trader for a few months and found most of the picks to be loosers. After 2 months I was in the hole about $500. I was told to change to a different service becasue the weekend series was not realtime and not as good. Other options service from this company might be ok. The customer service was good and easy to get a hold of, but I am going to sit this one out for a while

SmallTrader88
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SmallTrader88
March 14, 2011 6:56 pm
I subscribed to the Weekend Trader and paper traded instead of risking real money. It’s a good thing that I took that approach, since these were the results from October 2010 to March 2011: Losing trades: 19 (average of 30% loss each) Time Stops: 9 (usually small losses nearing expiration) Break-evens: 1 Wins: 9 (most were 50% or less, one was 100%) This doesn’t square with their advertisements. They list a chain of 100% to 200% winners without any losers listed or the effect of those losers on the bottom line. It’s not possible to do an option by option… Read more »
Blindfingers
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Blindfingers
April 23, 2011 4:51 am
When I bought Bernie’s Weekend Trader, I knew absolutely nothing of trading options, not even that a contract represented 100 shares but I quickly made that deduction when the cost of my purchase was about $86K! I have traded about 60% of his recommendations. This service cost me just under $540/yr., tax in, and to date, my profit is just over $6,000. In my estimation, that makes the purchase worthwhile. I also receive the daily newletters – Schaeffer’s Opening View, Monday Morning Outlook and Market Recap – and they are certainly worth the few moments it takes to peruse them.… Read more »
Judy
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Judy
May 25, 2011 7:16 am
I started subscribing to Schaeffer’s Weekly Options Alert Service back in February 2011. I did one or two trades, did well, and then went out of the country for 3 weeks on vacation. I came back and totally forgot about the service, but then decided to give it a go again last week… I’m happy to say that I have earned back my subscription fee after only 4 business days! I literally only did 3 trades with total capital investment of $4500 and made a profit of $1300. That’s almost a 30% return in 4 business days! Try annualizing that… Read more »
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