Ken Trester’s “Maximum Options”I would appreciate comments on Ken Trester’s ”Maximum Options” claims.
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I, too, was suckered by Ken Trester. Most recommendations were losers, Gains were modest, nothing over 80%, losers were often at least that. The few winners often opened above the recommended buying limit, so they were useless.
Refund from autopay was refused, although they politely said future charges were cancelled; we’ll see.
Same experience–over 50% of his trades were losers — how he claims to have 80% plus winners and not be held accountable is beyond me—– RUN!
If he books 75% losers, hooray, lets all take the opposite of his recomendations.
My thoughts exactly Mr. Hunt. Recently I have begun trading based on downside strategies and both like the action and the success I have been having. Are you knowledgeable of sources of this kind of information in terms of a service like Ken and others like him offer? Ones that are downside focused. Any info there would be appreciated.
I just analyzed the last 9 “Trade of the Day” recommendations beginning 01/29/16 and the subsequent trades of the day sent each week thru 03/24/16. The stocks, EFTs, etc were APC,DB,DYN, LNG,KMI,CPB,EWZ,IWM, QCOM
5 of the 9 were complete busts (losses). 2 were gains and 1 could be either a gain or loss as it is the QCOM trade recommendation on 03/24/16 and is too early to determine.
The CPB trade on 03/09/16 is a spread and I could not determine gain or loss (above my pay grade). I would never pay money to this guy for any stock or option recommendations. [PS: Could he at least update his picture?]
You have a good website. I commend you on saving our dough and self respect. Guys like Ken and especially Spokeo should be held accountable.
20 years ago I wanted to start a service like yours. I got sidetracted and you filled the void very nicely.
There must be a way to stop these crooks.
I just trade on my own, did try about 3 different programs of this type of advertising, same problems with all these so called training Garus almost impossible to get refunds, everyone I tried lost me money, so do your homework. For a newbe it is a good way to learn the terms and how to do it but don’t expect to make much money on these guys published lists of trades. If these trainers are so good why don’t they just make their millions putting their time and money into the market
Thanks Everyone!
I was getting ready to sign up with this guy – no way after reading your comments.
Any recommendations on options trading advice?
Thanks again,
Bob
Hi Bob Flynn – the following thread may be of interest to you:
http://www.stockgumshoe.com/2016/12/microblog-learning-to-trade-options-2/
Have a wonderful holiday season and beyond! Best2You&all
FYI, quite a few folks have posted their experiences with Maximum Options here.
I think he throws darts to come up with 10 trades a month best I can do is 1 Here’s what I do: Take your own portfolio and find the big dividend paying big market cap stable company you own for me its KO Coke and play the 3 month dividend cycle Use a sold put to get in the stock write covered calls every month till you loose it. Try to be in it for the dividend and repeat
let’s subscribe and take the opposite side of all his recommendations! we’ll do amazing!
Guys – stop trying to make money BUYing options. They’re a depreciating asset. Even if you get the direction right buying a call or put, you have to get the timing just right, along with the right strike price that gives you enough delta to make a profit. That’s very hard to do, which is why Trester loses on probably 90% of his recos, which I gather involves buying call/puts on single stocks or ETFs. The smart way to trade options is to SELL them. You basically become the casino instead of the dumb gamber who loses 90%+ of the time. There are legitmate option trader educators who teach this methodology in which you maximize your probablity of winning. I’m not going to advertise for anyone here, but I learned how to do this and have been profitable for several years (yes, I’ve had losses, but if you learn how to adjust and exit correctly you can minimize your losses). And no – it’s not a ‘get rich quick’ approach and it involves doing many trades over months/years. You do’t make millions, but it is a way to derive regular income from your trading account. IF anyone tells you they make money 90% of the time BUYing options, accumulated $millions in a few years, etc. – don’t believe them. Even the pros won’t don’t trade options that way. If they were truly that successful, why wouldn’t they just trade their system, make $ millions and retire to Tahiti? If they really were able to make money that easily they wouldn’t be teaching their method, that’s for sure. That would be killing their ‘golden goose’. The reality is that Ken Trester, that Sarnoff guy, and these other option seller ‘gurus’ probably never even trade their own account because they know it’s too risky and they’re likely to lose money. They make their money selling their courses, subscriptions, ‘magic indicators’, etc. Don’t fall for it – learn how to do it on your own, start small, until you are comfortable with selling option premium, and do it over and over again before you increase size of your positions. Always put probability on your side – it won’t guarantee a winning trade, but it will greatly increase your chances. Remember in every option trade- there’s a winner and a loser. Option BUYERs usually are losers; options sellers can set up their trades to let them win 70% or more of the time .
I came here because I saw an ad for some new scheme of Ken Trester’s and I wasn’t familiar with him. After reading these comments, I’m not getting into anything he advertises. However, I really would like to know where you learned about selling options and if it’s still working well for you.
We know all traded are not positive Wish he did 1/2 as well as his advertising. This is not for the small hitter, as he talks about 37% gain, etc. 3-4 days. BUT, most are losers. IN fact I researched RDC and found more holds than plus’s. Recommended buy was .60 went to .39 THAT DAY, popped up to .50 and now is .35. NO basis for his recommendation, no basis for anybody to spend their money.
I tried to cancel and was told I had to wait a month as I had already paid. Could cancel that day, but no credit given.