written by reader Any thoughts on Chuck Hughes / Tradewins?

By subprime, October 1, 2014

Here is the latest one I’ve received:
4 minutes to prove $7million profit, 96.79% accurate

4 Minutes To Prove It’s Real – Over $7 Million in profits and 96.79% Accurate!

Lifetime Income System

WOW… That’s one heck of an opening line!

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The income “snowball” you’ll witness in this video has a 96.79% win-rate and has produced a gross income of $7.485 Million over the past five years.

This is real money we’re talking about… nothing hypothetical or simulated…

And you won’t believe how low-risk, quick, and easy it is to do! Why not click on the link below and see for yourself?
Take Your 1st Step to a 6-Figure Lifetime Income

If you can spare just 4 minutes, I’d really encourage you to watch this Lifetime Income System video. Believe me; it’ll be well worth your time. Click here now.

Sincerely,

Terry Walker

PS Click here to download a free 122-page ebook… loaded with illustrations, notations, and actual trade records… showing step-by-step how you can easily turn a little-known trading “loophole” into a sizable weekly income. Click here now.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

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Jerry
Jerry
2 years ago

Chuck Hughes is a pure SCAM ARTIST and a crook! I bought his book and DVD (neither of which had anything other than a bunch of bullshit broker statements from ten years ago) and a few hours later get a call about his exclusive advisory service. $6k for 1 year or $8k for two years! If I could tell myself now to save that money I would but I made the biggest mistake of my life bought the 1 year. Every trade he put out was pure garbage and caused me to lose upwards of $25k in the first 4 months. When I brought this to the attention of his staff they pointed towards their disclosure agreement and no refund policy. He is an absolute scum. Stay far far away.

william schott
william schott
2 years ago

I bought chucks book off of CNBC. I did learn a couple things from it but some of the examples they used for trades can’t exist. I also received a sales pitch brochure in the mail to join his inner circle. One of the trades he shows on page 10 of the flyer was a market neutral calculator showing a costco trade. It shows the stock price at $119.42 and if you were to buy a 115 call strike you would pay.21 cents and you buy a 120 put for .21 cents. It shows that if the stock stays were it is you would make a 1090.5% profit. And if it goes up or down you would even make more. Looks to me like they fudged the number for the 115 strike. It is impossible to pay that little for that contract cause there is $4.42 intrinsic value to that contract alone. Looks like creative math to get people to pay them 4-5k. I was going to try there system as they wanted 5k but was reluctant to put 5k on my credit card. Thank god i did not after seeing the numbers in the flyer and all the bad reviews online my suggestion is stay away. It sounds like a rip off to me.

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Jack
Jack
2 years ago
Reply to  william schott

william schott, from reading many posts such as yours, I am going out on a limb to make a guess at what happened. Chuck is surrounded by marketing people. My guess is that “team” hires a copywriter to produce the flyers that you spoke about. It would not be a far stretch of the imagination to guess the copywriter did NOT understand the subject at all. They do not know their arse from their elbow so to speak. Intrinsic value, extrinsic value, whats the difference, just fill in some numbers and hit print. Ditto for the “team” in the office, I will speculate nobody is assigned to proofread. This is sad because I still believe that Chuck Hughes is an OK guy and a GOOGLE search will tell us he really did the things he claims winning the trading championships.

marie
marie
2 years ago
Reply to  Jack

I believe that you could certainly be correct, Jack. I am not great with my grammar, but I certainly noticed that the ebook “Hughes Option Strategies” had NOT been proofread very well. There were areas that completely repeated information from previous pages.
I felt that something didn’t “smell right.” This team is supposed to be professional. Some people are putting thousands of dollars into Hughes’ pocket. I would think that the quality of the writing should carry some weight. (Aside from the fact that it made the reading, rather confusing)

Gary
Gary
2 years ago

One of Chuck Hughes’ suggestions is to create synthetic covered calls using options..ie he buys the ITM usually 95% Delta and will sell around the money or ATM receiving all time value, not a bad strategy but he fudges the numbers a lot per Williams S post. But he has not done well since our slight pullback started in Jan. The last few months his recommendations have been losing cause covered calls do not work in a downtrending market esp. while the chosen equity is also in a slight downtrend. It’s important to know when and where to enter your position. Usually that would be at support or resistance zones with market trend and your chosen equity following that trend. . More importantly, to determine which of theses zones are a quality strong zone vs a weak or ‘just another resistance or support zone’ which you ignore. Moreover, candlestick patterns don’t matter until they come into these zones. I canceled a monthly service with C Hughes because he was buying calls on pullbacks in our current downtrend which is not working. If anyone is thinking about putting out 5/6K it should be invested in yourself and get educated on how to identify quality zones and trends.

Charlie
Charlie
2 years ago

I recently tried a trial subscription to one of his advisories recommending debit spreads. it’s advertised as being 90% accurate. So far it is barely 50%. I am up on his recommendations; but only because I didn’t take all of them. Some of his picks tanked all immediately and there was no advice from Chuckie as what to do now. Most of the advisories I work with come out almost immediately with advice if a recommendation starts going bad. I notice he shows a track record going back to the market bottom in 2009; how nice to just happen to pick the bottom. This guy needs to spend a lot more time analyzing and less time marketing. Don’t buy his stuff.

Steven
Steven
2 years ago

Look guys – if Chuck Hughes (or any of these ‘amazing’ guru option traders) has such a fantastic system, making 5 figures/month trading options – WHY THE HECK WOULD THEY WANT TO SELL IT TO ANYONE? They wouldn’t – they would keep it to themselves – accumulate a multi-million $$ nest egg and move to Hawaii or buy some deserted island and live like Sir Richard Branson!. I have been fairly successful being an options seller, but it took a lot of trial/error, patience and willingness to take risk and accepting losses – and YEARS of trading – some successful, some unsuccessful. It definitely has NOT been a ‘get rich quick’ experience and my profits have been modest – nothing near what Chuck Hughes brags about making in his ads. It is NOT something I would be comfortable sharing with others, nor asking then to pay me to teach them how to do it because it involves a lot of risk, especially in the beginning when you are getting started and learning how options work and behave. That is how I know what all these so-called option gurus are peddling for $thousands/year is ‘snake oil’. They know that options trading is risky so they demand $ thousands/year for subscribing to their services. They know that selling a subscription has 100% profit and 0% risk of loss so why would they want to risk money on losing option trades when they can make millions by selling expensive trading advisory subscriptions to desperate or greedy folks who fall for their promises and hype? Yes, I’m sure Chuck Hughes has achieved great financial success after he stopped flying for a living (if that is indeed what he previously did for a living), but he did that by becoming a master MARKETER, not a trader – and achieved that through SELLING expensive subscriptions. As many have described here, once you sign up and pay Chuck your $5K fee, you can kiss it good-bye because he will never give you your money back (unless maybe you hire an attorney to sue him?). That’s how to easily distinguish the legitimate investment advisories from the scammers – the legit guys will offer you a 30-90 day ‘no questions asked’ refund. Those that are out to rip you off, will not, and have some convoluted refund policy that requires you to trade the system for 1 year and send in your trading records that show you did not achieve the same results the guru did. Of course, you know how that works –
they will say you did not follow the system exactly, time the trades exactly, blah blah blah. So no refund – period. We’ll give you another year of this ‘wonderful’ trading service (of course, you will just lose more money and go deeper in the hole). As others have suggested – it is possible to be profitable as an options trader, but it is a style of trading that you need to put the time into to read, educate yourself on how options work, learn technical analysis, and correct market timing. It is definitely not easy, which is why 99% of options traders wind up losing, many blowing out their accounts and never trading again. Just like it takes 4 years to get a college degree and even more years for a professional degree -you can’t give someone $ thousands and expect them to turn you into a successful options trader over night. So forget about the ‘gurus’ and get some books on options, take a investment course at a local college, read everything you can about option trading on the internet, find someone in your area who is a successful options trader and is willing to be a mentor, and paper trade until you get familiar with a style of trading that will provide you with a winning sytem.

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willyo
willyo
2 years ago

Hughs is quite active in recruiting “students”. This thread is quite dated. Anyone out there using his service that can post comments that are more current???

Cansailor61
Cansailor61
2 years ago
Reply to  willyo

I have been cohersed into husband program. WCA and weekly sales option Alert. I am also a novice trader. I have been semi successful. I have some winners and some losers. Two thing she I have learned education, education, education.. As well as look at all trades and evaluating what was right and what was wrong with the trade.
I keep coming up with wrong entry and wrong following the recommendations and not doing the homework on the trade, if it was a low risk entry.
Would have been more successful if I did. Wouldn’t norm have been in trade info I had and saved some capital.
I have been shaken out of trades as well with loses.
It comes down to money management and sticking to those rules.
The trades that rules were followed I have had some good gains. Most recent FTNT.
I have nice gains on the covered calls as well.
I have my capital set up into 4 strategies to spread the risk.
I also realize I will have no winning trades as well.
If I can make 70% winners I will be well.
I take what he gives as suggestions and then ned to do the homework to see info I enter or pass on the recommendation.

marksky
marksky
2 years ago

I have to say he does produce winners in his $39 newsletter and his trading strategies are sound if you like deep in the money call spreads. His trend following advice is pretty good too… That being said, I called in and Joe, the “salesmen” was very rude, pushy, and in a hurry to get to the next lead… I have a problem with the way they use the word “guarantee” too…. Not bad to spend a few bucks on as the info is sound, but if you don’t like strong arm sales tactics, don’t call in to ask any questions…

smamx9
smamx9
2 years ago

I have been trading options for fifteen years full time. Must be doing something right still making money. In 2008 I purchased one of Chuck’s low cost books, I read and reread the book, I recreated all his calculators, I audited his historical trades and respective earning claims and found them accurate. I learned how to trade options following his entry/exit model, keltner channels, deep ITM buying etc. I absolutely believe in Chuck and what he is teaching. It works. I would recommend you do not watch his video’s until you have spent time with one of his books. Chuck seems like a real nice man, but he is not a professional presenter, often his message is confusing. Learn his model, learn how to roll out options, how to protect your profits with puts etc. His model works well for stocks and ETF’s. I still use his model, but have progressed to Guy Cohen’s OVI Trader service, as it makes finding trades a lot easier and you can see where the Pro’s are investing. I have recommended Chuck Hughes to many trading friends and believe they have had similar experience to mine. He provides you every thing for under $30, you just need to apply yourself, it is not rocket science.

Stay away from Chuck’s Inner Circle etc. you do not need it.

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Rick Freese
Rick Freese
2 years ago

I keep hearing bad things about Chuck Hughes. This program is like a lot of these ventures. They all tell you about how they made it big and how you can too for $6000. Isn’t that special. A small fortune for most people that might get coerced into handing over their hard earned savings.

But, like this Facebook ad, all of them have this story to tell about how they went from rags to riches. They are wealthy. So, why do they want thousands of you hard earned dollars if they are already wealthy? Because like most of these, it’s a scam like deal. You pay and are supposed to get coaching and all the folks whose stories they posted paint a different picture. No real support.

My advice, save your money and pick up a few good investment strategy publication and do your own research and to hell with guys like Chuck Hughes. There are no shortcuts for hard work.

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gsantana777
2 years ago

Seriously Fellow Traders, there are only 4 stock trading mentalities; Donchian Channel, Moving Averages, Indicators & Candlesticks. Study all four & then gravitate to the one you understand & can manage. That gets you into the trade, then decide are you a equities or option trader.
There are a two camps; fundamentalist and technical trader. Fundamentalist depend on long term stock performance, gravitating to stock ownership & hold long term. There are fundamentalist option traders for long term options. Technical traders depend on current price action according to the 4 mentalities, entering a trade when such technical show high probability of a good trade. Both groups, Fun & Techs, have one common bond, they have set stop outs.
Then there are 2 exit camps; target & stop out. Both work, yet, you must find which of the two you will be satisfied. Target has its advantage of grabbing profits in a favorable trade. Yes, sometimes a target trade will get you out & the stock/option trade continues to runs. It happens. This is the disadvantage of target exit trading. Then, the stop out will produce bigger profits over target exit, yet, the disadvantage is giving up huge profits before the stop out is triggered. The key here to both exits, shore up the stop out to a set of rules. Keep to the rule(s), avoid subjective judgement of “I Think”. That will produce more losers than winners.
In options, there are their own set of criteria of ask-bid spread price, delta & open interest for entry & apply stock price condition(s) or option price for the option exit.
The selected exit rule(s) must meet your set condition of target or stop out.
How to get assurance the stock/option strategy? Back test to real historical price entry & exit dates according to the price chart. For options, back test option historical to the price chart action.
In TOS, they have Think Back for real option back testing. Yes, it is tedious, yet, as gathering trading experience, stock & option back testing is critical to gain education, confidence & a set of solid routine.
TOS Option Back Test: Select the stock, enter the trade start date in the up right, select option strike according to your criteria & enter the exit date in the lower left. The Options Back Tester gives the results, P/L.
Trading is like baking cookies; follow the instructions over and over without deviation.
Yes, there are good instructors, software & recommendation cost effective services. Yet, research everything, as one of my instructor says, “Google everything.” Don’t blindly join anything tell you get feedback from the internet and/or seek out traders. Be surprise whom is trading without you asking.
The Wisest Person always ask questions; study twice & cut once.
You Tube has all the answers, just view & follow what makes sense. After an establish overview education, then follow the path of your selected trading style. Avoid rabbit holes in all directions.
In closing; go to trading meet ups in person or find other like mind & have a Zoom or Skype group meetings. Try to stay within the same time zone, it makes it easier to together.
Experience friendly traders love to share & gather a fan base as a way to give back, change & guide their family & friends to a better life & community.

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Jeff
Jeff
2 years ago

Chuck’s trade recommendations are highly accurate and his methodology, while scary when initiating a position, really works. His last three recommendations in his long option portfolio have been big winners, FTNT, TJX and MA. I have followed with great success, but with slightly in the money options, not deep in the money like Chuck. I have not subscribed to his service, but curiously, everything that is likely in his service appears to be available online. Just Google him. Most are on YouTube. I watched all I could find, and focused on the DITM calls option strategy. His current holdings and investment results are even posted online so you can see what he is doing on a daily basis. Google Hughes Optioneering Wealth Creation Alliance. I have been watching, and sometimes following, for about a year or so. He has had a few losers (CBOE and HQY come to mind), but he quickly exited with 15% to 20% losses. You can look at all of his exits by clicking on the Closed Trades Results link. He is the real thing, but no need to pay for a subscription with all of his lessons already on the internet.

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Shay A
Shay A
1 year ago
Reply to  Jeff

I love your response! The guy is a real deal, however, why pay those incredibly high