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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!

And in this video you’ll get to examine actual account statements proving the reality of this incredible vision of mounting wealth…

The first week paid $4,831.20… then $6,755.36 in week two… week three paid $10,698.36… $12,295.20 in week four… then $13,697.46… and that’s just the beginning!

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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carol
Member
carol
October 4, 2014 7:49 pm

Chuck Hughes has several major complaints against him. Most people seem to lose money with his picks. Beware

CK
Member
CK
October 10, 2014 9:18 am
Reply to  carol

So, if he’s so successful at trading, why is he a pitchman selling crap on the internet??

Bob
Guest
Bob
October 16, 2015 5:41 pm
Reply to  CK

Exactly! The answer is these so-called trading gurus are not using their miraculous strategies to make money. They know trading their own money is much too risky. They take in millions by hawking their advisory services, indicators, seminars, books, etc. Making a living by trading is very difficult which is why most people lose money. The only ones getting rich here are the gurus selling their useless “holy grail” systems.

choockd
Member
choockd
February 6, 2017 10:30 pm
Reply to  CK

remember, trading always come with a risk, training have no risk, easy money in, potential of exponential grow in income! 🙂

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Kk
Guest
Kk
June 9, 2016 6:46 am
Reply to  carol

You are coorect….there is almost no new buys, just rolling current position WITHOUT regard to current market conditions….new members WI’ll looooooose thier money…..and his other sidekick andy chambers picks are as bad.

rtenney
rtenney
July 27, 2016 7:26 pm
Reply to  carol

Most people think Chuck Hughes’s trading recommendations are too good to be true. The fact is they are too good for the run of the mill complainers and whiners and (I hate to use the word) – ‘losers’ that have made comments here. They come in every stripe, with every sort of reason to belittle his picks and methodologies. For instance, that he is rolling out trades with big built up profits from the past, and you are wondering why on earth would I go in now, the position is already up so much. Well, all I can say is, it’s only your fault that you didn’t get in sooner. You could have if you hadn’t dismissed the whole thing in your whiney, petulant fashion – when you had the chance to make something of it. Rest assured Hughes does know when to cash out a profit. But when a trade is going his way he is uncanny at staying in, and rolling it out – even it has most of you guys trembling in your jockstraps. To be fair I’d make a similar comment about the women, but like I said, only to be fair.

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frank_n_steyn
Irregular
January 12, 2017 7:49 pm
Reply to  rtenney

shill

Max
Guest
Max
September 29, 2017 11:29 am
Reply to  frank_n_steyn

No, it’s Chuck himself

Johnk2
August 3, 2017 4:40 pm
Reply to  rtenney

2008 and 2009 happened a long time ago. If you had been smart enough to recognize a major sell off and the beginning of a recovery you too could be many times wealthier today. All you had to do was buy options in many companies that were never going to fail or go bankrupt.
There were lots of $1 to $10 stocks to be bought in 2009. Why didn’t you do it?
I listened to a lot of “Doom and Gloom Experts” and never got long and stayed long in anything.
I missed the, 1987, 2002 and 2009, stock market buying opportunities of my lifetime because I was afraid to get long and stay there… stupid me.
How about you?
Did you buy and hold any stock for the last seven years? Did you sell covered calls?
Did you roll options to increase your net worth?

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Jack
Guest
Jack
June 15, 2018 3:04 am
Reply to  Johnk2

johnkerttu, At the end of the big correction ten years ago, YES I did buy, I bought with a vengence. In fact, I could not get GE after it bounced off $6 bucks. I was out of cash and I had to wait for more funds that were comming to me. I can tell you in truth, that GE from around ten bucks and PFE shares allowed me to pay cash for my retirement home near the end of 2014-begining of 2015 time frame. We “juiced” the returns selling OTM (Out of The Money) covered calls all the way up. It was a great once in a lifetime oppertunity.

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Robert Seiden
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Robert Seiden
August 15, 2017 9:28 pm
Reply to  rtenney

Ignore this guy. He works for Hughes. You can tell by his angry defensiveness. A real winner would be better behaved and polite. These guys are crooks. And they despise you. Don’t fall for this guy’s (rtenney) prattle. Disgusting rant by another Hughes employee.

buddfox
Member
buddfox
April 26, 2018 1:25 pm
Reply to  rtenney

rtennney – have you traded & made profits with the Chuck Advisory?. Budd Fox

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Jack
Guest
Jack
June 14, 2018 7:41 pm
Reply to  rtenney

rtenney, I have to agree with you. I think a large number of folks DO NOT understand trend trading. An established trend may run for many months or even years.CH’s method sticks with the trend until there is a sell signal. I read complaints often on scam alert boards how there is a lack of new pics. I read complaints about how Chuck has been “in trades a long time, so why would I want to enter now?” They just do not get it, he rolls out profitable positions as a continuation trade. My gut tells me that most of the complainers want some instant action and would be happier playing the penny stock game, if only they could find the winners.

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Josh
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Josh
November 6, 2017 3:25 pm
Reply to  carol

Hi Carol, Can you pl give some details? How long you tired his service? How many trades in total? Winners? Losers? Total cumulative % profit? Then it becomes easy to interpret your statement. Thanks.

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Jacob
Guest
Jacob
March 6, 2018 7:30 am
Reply to  Josh

No body can that answer that question.
I have a trade guru out of 12 recommendations of the guru one will be a winner. You will lose on 11 trades. Most of the guru’s recommendations the premiums are more or less than $10.00. If you trade one lot of the gurus recommendations and make 100% profit; your gain is average $ 1000.00 while loosing $ 11000.00. that is a net loss of $10000.00 in 12 trades. I tried almost 3 t0 4 gurus and stopped trading options. With that $1000.00 I have, to spent on gurus pick I buy shares worth $ 40.00 and above. After a long wait I will make some money. Readers please understand there is no quick money hiding anywhere. If the gurus are correct they might have took over the stock market. In that case they never might have given even a little bit trick of this trading game.

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MAT
Member
MAT
March 30, 2018 8:11 pm
Reply to  Jacob

I tried so many different newsletters.Except 2 or 3 every thing is a money looser or no better than what the market gives.I have subscribed to 2 from Chuck Hughes. One recommends debit spreads deep in the money on high growth stocks like biotechs ,but you have to come out with a lot of premium and because these stocks are volatile sometimes they won’t come back up.So I didn’t like it.
The second one is WCA which is actually a stock substitution method for “High Quality stocks and ETF .Deep in the money calls are purchased 1-2 months and rolled over close to expiry to slightly higher strike to book the profit.This reduces the basis also.In hindsight I wish I had followed it,because stocks like Visa, Home depot,JPM,even apple had substantial runs.Also there are good profits on some ETFs also.It is a simple method.In between some positions are partially or fully closed out.Only a handful of trades a month

May be it is kind of late but I am back on it with some recent purchases JP,HD,AAPL ,AMAT etc one contract each.Hopefully the market will go higher and I will be able to rollovers some of those,recover my premium and let it run with the gains.

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Sandy
Guest
May 23, 2018 1:35 pm
Reply to  MAT

Mat, do you place stop losses on trades that you let run like this? If so, where? I’m constantly being stopped out.

wiedem
wiedem
April 20, 2018 1:29 pm
Reply to  carol

Ah , I got suckered into this one – Chuck Hughes – Wealth Creation Advisory Service. Simply continuously rolling over the options .

Here’s the fine print on the home page.
=============================================================
Contact Wealth Creation Alliance Support

Call us anytime. Our experienced staff will be glad to assist you. We look forward to hearing from you!

Chuck Hughes
225 Crossroads Blvd #201

Carmel CA 93923

Email: support@ChuckHughesWCA.com

Phone 1-831-622-9644.

Option and stock investing involves risk and is not suitable for all investors. Only invest money you can afford to lose in stocks and options. Past performance does not guarantee future results. The trade entry and exit prices represent the price of the security at the time the recommendation was made. The Hughes Optioneering Wealth Creation Alliance trade record does not represent actual investment results. Trade examples are simulated and have certain limitations. Simulated results do not represent actual trading. Since the trades have not been executed, the results may have under or over compensated for the impact, if any, of certain market factors such as lack of liquidity. No representation is being made that any account will or is likely to achieve profit or losses similar to those shown.

================================================

NOTE!!!!!!!
“trade record does not represent actual investment results”

” Simulated results do not represent actual trading.”

Trying to get refund – they have not been friendly.

Stay away from this one

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Scott Linge
Guest
Scott Linge
October 31, 2017 12:01 pm
Reply to  subprime

Zacks throws out a huge load of trades, but isn’t very good at mathematics after that.

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VSL
Guest
VSL
November 8, 2017 1:13 pm
Reply to  subprime

I have been following Motley Fool recommendations for at least 10 years via the Motley Fool’s Stock Advisor service. My portfolio of their recommendations has consistently outperformed the market. The only problem with the Stock Advisor service is you must buy every recommendation they make to match their performance numbers. They make two recommendations each month so, over time, buying every recommendation can make for an enormous and difficult to manage number of positions. I have never felt pressured nor over marketed by the Motley Fool. I have been/am a subscriber to their Stock Advisor, Motley Fool Pro, Motley Fool Options & Rule Breakers services. I have made good money with each of these services. In all the years I have been involved with The Motley Fool I’ve only had two losing years. Even those years outperformed the market.

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buddfox
Member
buddfox
April 26, 2018 1:33 pm
Reply to  VSL

VSL – Thanks for recommending a service (Motley Fool) that can actually deliver a profit. It seems that every service I check out on Stock Gumshoe has only negative comments ?.

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Ron
Guest
Ron
July 13, 2019 11:48 am
Reply to  subprime

Join the discussion…

WAYNE
Member
WAYNE
November 11, 2014 2:16 pm

Chuck Hughes is a joke, all he does is brag about what he has done, (if it’s really true) he never gives any information that will help an individual be successful in the market.

Johnk2
August 3, 2017 4:46 pm
Reply to  WAYNE

He was an airline pilot… So, of course he is smarter than most people. He spent half of his life flying above the masses of people stuck on the ground. Right Chuck?

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bajapete
bajapete
October 1, 2015 6:50 pm

I called Hughes Optioneering Weekly Option Advisory 866-661-5664 today 10/1/2015. A gentlemen named Nathan said the minimum subscription is for one year at a cost of $5,000 and for two years its $7,000. Needless to say I did not subscribe.

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flyrod731
October 16, 2015 4:25 pm

Latest pitch is “6-Minutes to 6-Figures Program” Options trading – 6 months $997.00. Guarantee $100K profits in 6 months or your money back. Sounds too good to be true. Probably is. Anyone with current experience with this service?

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hones720
June 8, 2016 2:00 pm
Reply to  flyrod731

Flyrod731:
Reread the “guarantee”. It says he (Chuck Hughes) will make at least $100,000, not the investor (“I will make at least $100k using this system…). So there is no guarantee of income.

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Cauldie
Guest
Cauldie
December 7, 2016 3:58 pm
Reply to  hones720

AIM ‘6-Minutes-to-6-Figures’ (AIM 6×6) detailed trade instructions, which I’m going to send you by email… Are guaranteed to produce potential profits totaling at least $100,000 over the next 12 months…

[ “$100,000 Performance Guarantee” Logo here]

Otherwise, I’ll return every penny you paid to join my AIM Cash program… But you will return nothing!

dickco
dickco
November 23, 2017 3:00 pm
Reply to  hones720

I subscribed with a $10,000 cost, then aQuit having lost more than half my investment. Hughes is a persistent liar!

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jubilee
Member
jubilee
March 10, 2016 7:40 am

Check out http://www.chuckhughes.com and also http://www.worldcupadvisor which claims Chuck has won several trading awards/ competitions. I did buy a dvd and book of his once. Once Chuck was using the New Mexico marketing company, http://www.marketauthority.com, as were several others. I don’t like the emphasis on sales in the entire industry – why not emphasise performance, real trades, honesty and openness?

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Raffaele Guerrera
Guest
Raffaele Guerrera
May 8, 2016 11:27 am

Pls be careful with his strategies he never mentions when he makes the trade so you never know his timeline. Anyone that knows option will tell u that time is very important. The more time you have the greater the cost and if the stock stays flat you lose the total investment.

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Jack W
Guest
Jack W
August 13, 2017 7:55 am

Raffaele, have you actually read any of the Chuck Hughes “optioneering” materials? Most of the Hughes option stratiegies are based on DTIM (Deep In The Money) options that have little time value. It is true you begin to lose if the underlying goes against you but he also issues a stop loss for that. In one of his methods, he locks in a profit by adding puts once there is a profit in the long calls. Man, you are simply NOT purchasing much time value with the Hughes methods.

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Greg Schwartz
Guest
Greg Schwartz
May 30, 2016 2:05 pm

I’m an experienced options trader but one thing I noticed right off the bat in his intro video (the 15 min. video) is that this nutcase is buying options with LESS THAN A WEEK (in most cases) until EXPIRATION…VERY RISKY!! One example he shows buying HD Feb 2012 call options with 4 DAYS LEFT!! That is INSANE.

All good traders know, the safe, higher probability options are deep in the money and thus are MORE expensive and you only look for profits around 20-30% (any more is just icing on the cake). I completely disagree with what I saw in his video.

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Bill
Guest
Bill
April 6, 2017 10:04 pm
Reply to  Greg Schwartz

Greg, would like to talk to you, I like trading deep in the money more often than not 1 delta’s and I do not like a wide spread between the bid and the ask. I was just looking at stocks with large drops today and did some on AMD with thoughts that it will pop back up some tomorrow. Could be an interesting day tomorrow with the bombs dropping in Syria tonight. I know it has been a while since you posted this but hope you get this message.

Chuck
Member
Chuck
April 27, 2017 10:53 am
Reply to  Bill

Bill, I would like to talk with you. As a newbie, the vast majority of options tactics that I have been learning about focus on OTM spreads. Except for Chuck Hughes, the only ITM spread I encountered is a so-called “in/out” debit spread (e.g. buy a call at one-strike ITM, sell another at one-strike OTM). But Hughes talks about spreads that are VERY deep ITM, and BOTH the short and long legs are deep ITM. You say you like trading deep ITM … could you point me to any material or content about that? Thanks in advance!

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james
Guest
james
June 24, 2017 9:18 pm
Reply to  Chuck

Dear Chuck, the best way to learn is to do some paper trading / experimenting on your own ! You will figure it out man ! best of luck to you

Johnk2
August 3, 2017 4:51 pm
Reply to  james

Some of us are too dumb to learn by sim trading. we need the experts help.

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user_id
Member
user_id
January 29, 2018 11:14 am
Reply to  james

I get bored trading with paper. Only when my money is really at stake, does it keep my interest. But that’s an expensive way to learn!

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Jack W
Guest
Jack W
August 13, 2017 10:35 pm
Reply to  Greg Schwartz

Greg, I notice your post is from more than one year ago. Hope you see this or at least my response will benefit others. I live in the Philippines and rarely order anything that needs shipping. I did order some Hughes “optioneering” materials in electronic PDF form for my wife. Chuck Hughe’s original core strategies are long term trend following either with stocks or with options. Nothing like what you describe. I do know he has six or seven strategies he sells these days for trend following and income generation. I believe one system is using WEEKLYs to generate income. My guess is, he is selling premium just as I have done for many years with monthly options and now WEEKLYs. In fairness, the Hughes group may have a short term strategy going long with WEKLYs for quick trades, but that is NOT the whole picture.

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Don Linton
Guest
Don Linton
November 30, 2017 11:45 am
Reply to  Greg Schwartz

I just viewed Chucks 45 min videos showing deep ITM options and his strategy of locking in a 30% profit with an ATM put likely same expiration (strangle). They must have read Greg’s post and are following his strategy now go figure. If you have any experience you should be able to do this without paying out $5K USD.

The weekly options are only for those who use them as a day trade and you have a system. Is Chucks system better, I doubt it as by the time you get the trade emailed to you the robots have moved the stocks up and you risk the reversal and your option expiring. He too has so many levels to his service that it is hard to choose. Zacks service is similar with way to many services and if you live in the west do you want to get up and trade like Cramer at 2am .

Having a trading partner or group to belong to is likely a better choice than spending money. I am a conservative option trader and if anyone out there could suggest a site to join I would like to hear from you.

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Richard Krug
Guest
Richard Krug
January 18, 2018 12:37 am
Reply to  Don Linton

The site I will recommend to you is not a trading site but rather an Elliot Wave site. I have found it, over the last 8 years or so, to be the best way to get a sense of which direction the market is going in the long run, the intermediate run, the short run, and the very short run.

You’ll have to learn Elliot Wave Theory in order for it to make sense, however. You can do that from Bob Prechter’s book, The Elliott Wave Principle. Unfortunately, however, Prechter is horrible at applying the EW principle to real markets, so don’t buy any of his services. Use Tony’s free site for practical application. I use it in conjunction with options trading:

https://caldaro.wordpress.com

Tony Caldaro is the best Elliot Wave technician in the world for applying Elliot Wave Theory to the markets. Tony offers the results of his work free at the above address three times per week.

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Richard Krug
Guest
Richard Krug
January 18, 2018 12:39 am
Reply to  Richard Krug

Tony Caldaro also offers lots and lots of free charts

MarketStalker
Guest
MarketStalker
June 2, 2016 1:24 pm

I saw an ad for Chuck service today. Glad I did a little research into the service here, thanks for the comments. Was wondering why there was no price, but only had a place for me to put my phone and best time to call.

Pamela Johnson
Guest
Pamela Johnson
June 22, 2016 1:19 am

Please provide the link to the 122 page ebook you mention or email to me. Thanks, Pamela

Bill Berry
Guest
August 25, 2016 9:21 pm

What airline did he fly for? I can’t find anything proving his claim ?

user_id
Member
user_id
January 29, 2018 11:18 am
Reply to  Bill Berry

I saw the picture of him in the pilot’s seat, and it looked like a smaller plane, not a big jetliner. Not that that necessarily means anything.

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James Keiser
James Keiser
September 2, 2016 3:08 pm

I joined the ” inner circle” and have in 4 months NOT MADE 1 PENNY. A complete losing scheme. I was solicited after looking at their site but really got pushed hard by their salesman. The salesperson even inferred that if it didnt work for me that i could receive a refund for the first year. It made sense to me with respect to the refund because the others that i had tried had all given refunds – cheerfully. That was an outright lie. You dont get refunds as i asked for it 2 months into the program and had all losses in it.

Johnk2
August 3, 2017 4:59 pm
Reply to  James Keiser

This is what the investment service will tell unsatisfied customers.
“All your losses are your own fault”
“You have to expect some losing trades”
“The winners will make up for those losers”
and “Money management is mportant”
as long as you don’t run out of money first. LOL

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Robert
Member
Robert
November 8, 2016 12:31 pm

I just had to do a little research to get behind the hype. It’s like nearly all other investment how to’s. Some lucky people may hit the lottery, most will only lose their hard earned money. Beware people, of claims to quick and easy riches.

Aranhas
Guest
Aranhas
November 18, 2016 2:05 pm

I am a multi-millionaire from flipping apartment buildings. I started with NOTHING and built my estate over 12 years after spending the first half of my life working in HR. Retired at 49. I would NEVER tell anyone what I know. I trained my two sons to follow after me and I work with them almost daily. They are not allowed to give anyone my proprietary software or trading strategies. If everyone knew what I know, I couldn’t make a dime. If someone is making the money this guy and the other “gurus” claim to be making, why aren’t they doing it? Why tell the world and dilute your success? Why aren’t these strategies taught in colleges and in stock brokerages? Chuck is a scam.

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Grandmaster Slam
Guest
Grandmaster Slam
March 12, 2017 12:09 pm
Reply to  Aranhas

Yup. If you have something really really good, you would NEVER tell anyone anything about it. Frankly, you would lie, obfuscate, and misdirect to protect it. I bought the book. Now I am getting ‘sold’. And believe me, they want my money. And it’s not just some ‘free’ book. You all do know that options ‘systems’ have been around, and have been losing money, but making money selling ‘the system’, since the ’80’s that I personally know of, right? I have to call this a scam. But I have no direct evidence. But if you want to do real work, and I mean 10-12 hours a day, every day, for several years, and invest actual capital, I can show you how to make real money. It’s not sexy, and it’s not easy, although one of the actual ways to do it involves nothing more than sitting at your computer punching keys. Low risk too. Whatever. I was just looking for a way to leverage my portfolio, so while I was doing actual work for actual money, I could be making higher investment returns. Probably better to just work and use normal investment strategies. Gotta say, if you saw it on an ad, even if it was on Fox Business, it’s probably income for him selling the system, rather than income for you running the system. Whatever.

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Bri
Guest
Bri
March 14, 2017 2:34 am
Reply to  Aranhas

Multi millionaire? What r u doing here then on a trading forum ya whacky ass! lol. Looking at these reviews, i won’t be looking at Chuck and crew.

Bill
Guest
Bill
April 6, 2017 10:10 pm
Reply to  Bri

I, like Grandmaster am in somewhat a similiar situation. I am here looking because of setting on cash that I want to invest in the market with hopes of getting more good returns. Nice to not have all your eggs in one basket. I am prepared to hit the real estate hard if and when these markets fall like a rock and the opportunities are everywhere because most will be too scared and unprepared to pick up all the gold nugggets laying all over the place. Amazing how few people do not have the ability to prepare for times like these.

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Richard Krug
Guest
Richard Krug
January 18, 2018 12:53 am
Reply to  Bill

You already missed the real estate crash and the stock market crash. If you knew anything about historical cycles which repeat themselves, you might understand that we are at the very beginning of serious boom times for the economy, to include real estate and the stock market.

Think about the economic boom in America that followed the end of WWII. That is where we are at again now.

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Don Linton
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Don Linton
November 30, 2017 11:52 am
Reply to  Bri

Yeh I agree my fishing buddy is on a cruise around South America with his new wife and he too is a real estate funded multi millionaire and knows how to have a good time.

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Bob
Guest
Bob
July 14, 2017 2:07 am
Reply to  Aranhas

Exactly – Chuck Hughes (and with few exceptions, all these so-called expert traders) makes money by hawking his advisory services. For exactly the reason you stated – if he had come up with a high probability options system that made high returns consistently, why would he want to share it with anyone? That would risk ruining his system. Chuck is a very good salesman and knows enough about options trading to put together very convincing videos. Of course, you never know if these trades were ever taken and if any of his subscribers ever got into any of them, and made the same kind of profits. I have a feeling he probably is very risk averse and has accumulated all his wealth by selling books and advisory services. Again – just think about it- if you came up with a highly successful options trading system that you could sit at home on your computer and make $10K’s consistently with minimal losses – who in his right mind is going to let anyone in on that? The answer – no one, unless they’re selling ‘snake oil’.

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Richard Krug
Guest
Richard Krug
January 18, 2018 12:47 am
Reply to  Aranhas

At some point, if you know how to do something well, you have to share it. That’s how the universe works.

Don
Member
Don
January 22, 2018 8:20 pm
Reply to  Aranhas

Stock brokerage houses work similar to the Monday morning used car sales meetings…it’s all about pushing sales and making commissions!

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Dave
Guest
December 7, 2016 8:27 pm

I joined Chuck over a year ago on behalf of my handicapped sister who relies on her savings for monthly income. At first it went well — +10% in three months. Then the losses started — 70% before I pulled the plug and sent my sister a check for all her losses.

But here’s the interesting part: In November 2015 I happened to check the stats on the Trading contest Chuck was entered in. He was in first place with a return of 120% to date. Not bad for almost 11 months work.

I started to lose all my gains and more in December 2015 taking Chuck’s picks. Chuck ended up winning the 2015 contest with over 300% return. That means while I was losing in December, he gained almost 200% (remember he was at 120% end of November). If you look at most of his picks, you’ll see they are deep in the money, often with zero open interest. Most option traders tell you not to take anything with OI less than 100 units because there isn’t enough of a liquid market for the options.

So the question is, Who was making tons of money by selling the losing options that Chuck’s clients were buying to create open interest out of nothing??

I’ll leave that to everyone’s imagination…and congratulate Chuck on yet another win in the trading contest– his seventh, I believe.

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Bill
Member
Bill
January 4, 2017 6:20 pm
Reply to  Dave

If you check the World Cup Trading Championships website you will notice that the contest that Chuck won in 2015 was NOT stock trading. It was futures trading so your comparisons of your account to his trading championship account doesn’t compare.
http://www.worldcupchampionships.com/live-stats-3
I trade his methods using stocks in my retirement account and achieve pretty decent profits. Not anything like 300 % because I’m not using options but his Prime Trade Select method for picking stocks works great. It keeps me in stocks that are acutally trending and not just chopping around. I didn’t take his courses, just watched a few of his free videos and took notes. Zero cost just a bit of time

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Bill
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Bill
April 6, 2017 10:12 pm
Reply to  Bill

Bill, do you think you can pick up some of his writings and figure out the system enough if you are not a novice stock trader? I saw a couiple of programs on ebay and amazon for like $500 and wonder if he is using those for bait to get you sucked into his entire program where he tried to get much more out of you.

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Don Linton
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Don Linton
November 30, 2017 12:03 pm
Reply to  Bill

Bill you have hit the nail on the head. I also have watched a few of Chucks videos and agree it takes time. His one% rule about the deep ITM options makes sense and I will try to figure out and use it in my paper trades. Note taking from these is a great idea.

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Jack
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Jack
June 14, 2018 9:50 pm
Reply to  Don Linton

Bill and Don, That is the way to learn, paper trade, paper trade and paper trade some more. I have sold call options (covered calls) against long stocks and ETFs as well as CSPs (Cash Secured Puts) for many years in my IRAs. There is NO instant gratification. I like selling the recently introduced weekly seriers (Chuck also does this) but some times I will sell puts out three months+ to capture the recovery after a big dip. I tell folks that “my business is like watching paint dry, VERY SLOW drying paint.” Now, I have purchased several E-books authored by Chuck Hughes for my wife and I find his methods do work over time. My wife is an avid reader as I am and learns best that way so she too is begining her adventure in tradeing. My thought is, LEARN the method, practice in a paper tradeing account and you will have NO need for tradeing rooms, coaching and pic services. Let’s face it, we really have NO IDEA who is sending out Chuck’s stuff after you sing up. I am sure Chuck Hughes is the real deal but we know little of the people around him. If you check the scam alert sites, there are a lot of complaints but dig deep and you will see most is about the marketing cos. The other complaints I read are from people you can tell realy DO NOT understand trend tradeing at all.

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Ron
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Ron
July 13, 2019 12:08 pm
Reply to  Don Linton

I have started using his Keltner Channel, 10/30 sma, 50/100 ema and obv in my charts to pick my underlying’s. I struggle to use the 1% rule because it is so much trial and error to find the strike. His calculator is way faster but you cant get those without joining. Has anyone figured a faster way to pick a strike for the deep ITM call debit spreads? Join the discussion…

tim
Guest
tim
December 11, 2016 12:41 pm

Chuck’s latest marketing campaign caught my attention for all the wrong reasons. The blatant hype and sales pitch in his AIM WEEKLY CASH and CHUCK’S CASH COW with little or no explanation of terms and conditions in the latter, before a request to hit the Add to Cart button, had red lights flashing everywhere for me. Consequently I went searching for fine print and there it was in plain sight – Option and stock investing involves risk and is not suitable for all investors. Only invest money you can afford to lose in stocks and options. Past performance does not guarantee future results. The trade entry and exit prices represent the price of the security at the time the recommendation was made. THE TRADE RECORD DOES NOT REPRESENT ACTUAL INVESTMENT RESULTS. TRADE EXAMPLES ARE SIMULATED AND HAVE CERTAIN LIMITATIONS. SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER OR OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS SUCH AS LACK OF LIQUIDITY. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ,ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. Enough said.

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christopher frost
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christopher frost
August 2, 2018 9:04 am
Reply to  tim

A few of You keep mentioning the disclaimer about past performance does not gaurantee future results ……etc . They have to print that by law and it is also true to some extent.

baygreen
Member
baygreen
December 18, 2016 3:34 am

There are plenty of GURU waiting to e-mail you for $$$everyday! The big problem with the whole system is that there are few and far between any even close to the GUMSHOE. No get rich quick but he gives a good value on what he informs us all with and also puts some info in on some insight to several factors that can make a good jump along with some plays that are steady long investments that he actually lets us know when he has skin in the game. I appreciate that and the more I see these and other ads out there pumping ink for $$$$ the more the GUMSHOE shines in my book. Tradewins is really at the top of the line for pumping ads and more ads with more bad plays than the worst college football bookie moving points all over trying to win both sides from there players. Stay away unless you just like to learn to loose with helpful looser that charge you and if you do the first call to make is your credit card carrier because you will end up there with the Chuck run around to different companies trying to get a refund. I wish some one had put me in line before I started getting there calls and constantly a new name calling I guess with my name on there list as a happy client. No bull behind what I say , GUMSHOE IS REAL/FAIR/ AND TELLS FACTS!

Richard Krug
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Richard Krug
January 18, 2018 1:32 am
Reply to  baygreen

Everything you need to know about trading options can be found free on the internet, or very cheaply for the price of a few books. The reason people will pay $5,000 or more for a course is because they are lazy and want someone else to make them successful.

Nobody can make you successful at trading options, or investing in real estate, etc. Read, read, then read some more. Look at every free source of information out there. Then get a book, then another book, then another, until you’ve read as much as you can.

And under no circumstance should you pay $1,000’s to anyone who claims that if you follow their system, you will become wealthy. Every successful trader has come up with their own unique system which works for them.

As Emerson wrote: “Insist on yourself. Imitation os suicide.”

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user_id
Member
user_id
January 29, 2018 3:19 pm
Reply to  Richard Krug

I agree, with one exception. Identifying and reading good sources on your own can be very time-consuming. Plus, you will end up learning a lot of stuff you have no use for. If there were a good class that could teach you just what you need to know, and quickly, that class would be worth some money.

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Jack
Guest
Jack
June 14, 2018 10:06 pm
Reply to  Richard Krug

Exactly, I began with information from research on the internet and joining a few YAHOO groups where the members take time to help each other with questions. Today I am semi-retired in the Philippines. I will, occasionally. purchase something I feel will aid in my work or something I feel will help my wife as she begins to trade. Explaining options to a “newbie” can be a real chore. I have seen often that if the process is explained ten different ways, maybe they” get it.” That is why I purchased several E-books from Chuck Hughes, my bride and I now have a starting point for discussion and a basic method I paper traded that she will NOT get into much trouble with.

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doug9694
December 23, 2016 11:22 am

Wait till the high points are over then bid low. When the prices level out sell. Maybe the level out price will be 100% or more your low buy price.

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Jack
Guest
Jack
January 2, 2017 9:36 pm

I just received an email offering a one month trial fir $1 by Chuck Hughs,tried to apply for it but was refused …stated I was blacklisted. My guess that it was initiated by Wendy Kirkland because she failed to honor her contract which I gave a try and threatend to file a small claims when she refused my refund,

Murray
Guest
Murray
January 22, 2017 11:23 am

In simple English has anyone ever made serious money with Chuck Hughes Cash Cow or the Wealth Created Alliance or AIM? I watched all his video’s from the above listed and found all the same people promoting and recommending each of them which smelled like a scam.
Has anyone had any success.

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Jack
Guest
Jack
June 14, 2018 10:30 pm
Reply to  Murray

I can honestly say yes. I AM NOT a member of any of Chuck’s trade services. I did purchase several E-books, learned the method and paper traded the heck out of it. I think my biggest gain was learning patience to stay with trades that I might have exited too early. When I was happy with the result from the use of the core method, I turn the books over to my wife to begin her practice run and a few real money trades inside my accounts. I said in other posts, this IS NOT a get rich quick method although Chuck also sells options for income as I have done for many years. I DO NOT like the marketing approach surrounding him. I do appreciate the results from his simple method that could give a start anyone who wanted to learn.

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