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.
Steady Options is still the most legitimate service out there. He had a sub-par year last year, but that was his first. Stay with him in the long run and you will do well. Many of his subscribers also do well. He is using more complicated strategies than the typical scam artists. His integrity is as good as it gets. He showed his own account, which is absolutely a prerequisite to joining anyone’s advisory service.
I subscribed to one of his advisory services years ago, lost nearly all my investment before quitting. His promices are rediculous!
I sign up for chuck hughes optioneering service on march 18,2016 with the understanding that there was a money back gaurantee if I did not make 100% return on chucks recommendations. This was not the case no return only one more year of recommendations I don’t use . So much for money back guarantee. The guarntee is the scam don’t believe it. The service may be ok for some but tracking chucks recommendations may prove otherwise.
Entirely confident that I’m THE or one of the most successful options traders to see this page. Please accept the following two sentences for free, they are worth staggering sums, even if you only start with a$400 trade, as I did.
a) anything you double 10x is 1,000+ times what you started with. NEVER spend profits in first 100 or so trades
b) NEVER buy weeklies. The further out you go, the less your profit, but the lower your risk. Profits are still stunning if you’re buying montliies.
c) Unless a stock is acting as AMZN did this week (42%, 34% and 110% profits in each of 3 days this week, yahoo!!), which it probably will continue from it’s current 887 until it hits at least 1,050 by end of 2017, ALWAYS hedge your bets by also having a few PUTS.
d) The most magical secret to winning at options trading every day… is to remember that the house always wins, right? So, BE THE HOUSE: TRADE IN BOTH DIRECTIONS AT THE SAME TIME!!! When price moves in your direction, take a bit off the table. When it changes direction, take a bit from the other side of the table.
3) Once you have more than 25k in your account, you can now SELL options. Simply sell the opposite of the direction you see a stock moving. This way, you also collect “rent” every day that your position is open
4) Yes, using Finviz, both free and paid versions, is great for screening stocks (Upper-right of screening page, choose US, then OPTIONABLE, then “Above $30 pr share, and, of course, “over 750k volume” Last, not least, click on CHANGE button just below those choices, click CHANGE two times, to see which stocks are up. Any stock that’s in the top 20 for at least 3 days in a row will probably continue rising.
#4 starts with “Yes, using Finviz,” because you don’t need to screen stocks. Here’s the rule:
ONLY MOVEMENT is profitable, meaning VOLATILITY. The 2nd rule of investing is “This price shall change.” ( 1st rule of investing is “Don’t lose money” ) So, no need to screen for stocks. Just pick any one or two of the 5 largest stocks that are routinely volatile. Right now, it’s AMZN, GOOG, and, of course, recently was AAPL. You only want the huge companies that routinely move up and down by several dollars per day. That’s it. Everyone else saying otherwise should shut up. Until you’ve doubled and doubled and doubled accounts (as I have), you’re a liar. Trading in both directions at the same time is the greatest secret of investing, other than the entire scam of options. Options are a scam invented by the super-rich to keep their idiot relatives and friends from grubbing money. They set up a system for buying stocks at 50 to 90% discounts, where, instead of owning the stock “forever,” you only own it temporarily. Were you really planning to hold that stock for 20 years? No. If it goes up or down, you sell it in a week or a few months anyway, true? So, stock options, you can buy 10,000 shares of Amazon, worth 8.8 million bucks, for as little as, say, 26,000 dollars by agreeing to only own it for 2 months. If you’re only holding it for a few days or a week, what’s the big deal?
That’s mostly it, folks. Way back when, I acquired paid programs, “auto-trading software,” and it’s basically all crap and lies and scam. If you can’t invest 15 min per day learning, then you deserve to join the 90% who routinely lose. If you’re smart enough to learn for 10 or 15 minutes per day, every day, you WILL kick butt with an ounce of self-discipline.
If you care enough to start slow, and stick to the rules, which I learned via Psychology of Shortcuts websites (awesome people, all free), then you make money every week. Last, not least, DON’T BE GREEDY!! For your first 100 or so trades, 10 to 20% profit is sweet. Take the money and buy more options a step further out of the money, or one time-frame further away.
I may be a jerk but, once again, re-entering the market after years of other activities on Mon morning, Mar 27, 2017, I did better this week than many will do this year, thanks to imitating people who are either better or smarter or simply know more than I do. Whether you have 1 contract or 1,000 contracts, A DOLLAR PER SHARE is a fat piece of free money. Shut up and take it off the table and buy more options, since the goal of options trading, like blackjack, is not to win more money, it’s to win more chips, which we call OPTIONS CONTRACTS.
Even if it takes 10 or 20 days to double your money, just keep reinvesting, and double it 10x to have 1,000x what you started with. I SO want to tell you how many dollars we made this week. I don’t, because a) I NEVER believe people who claim their actual numbers, only because most all have proven to be full of hooey, and 2) It’s not about the number of dollars, it never is, it’s about WHAT PERCENT DID WE MAKE? Don’t care if you only make 10% per week… just do it 100 weeks in a row and you’ll be rich. If you day-trade, and make 5 to 10% per day, it only takes 100 days for you to be on Easy Street.
Most everything else you ever read about stock options is 99 to 100% baloney, and we don’t mean kosher baloney, LOL. Alright, one more: Learn 3 words, if only at the rate of a few minutes per day: STRADDLE, STRANGLE, and COLLAR.
Good L.U.C.K. and good wishes. Now that you owe me 21% of your profits, please give it to feed starving children and such.
Wow, External Student thans for sharing this information. Many will not share what they know because the potentail ridicule they might get from it. I think what I rad was very intersting. I like to trade deep in the moeny calls, an idea from a book I reas “How to get Rich with Options”. This was one of ths authors favorite strategies but he gave little information to understand his method. I would really like to talk to you sometime and share some ideas.
Hello EternalStudent,
I am a pre-newbie trader. (won’t consider myself a newbie until I’m virtual trading). Have been researching and reading a lot (my eyes are bleary) about trading to get some idea of the basics and if I want to dive in further. Your post is a breath of fresh air! in this field of what seems hyped up and quite pricey trading services. Right now, I don’t know enough to even know what’s what. So, your informative, helpful and to the point post is very much appreciated. It took time, thought, energy and caring to write it up. If I do enter the trading field and profit, I will do as you suggest: donate some profits to (honest) charities. Thanks again for your excellent post.
Love your blunt advice, and wish you lived next door!
Thank you so much for the most interesting and educational article ..It was an exciting and informative piece, and gave me an “Aha” moment, that said “Yes I can do this!..Thank you again for sharing!
Eternal student,
The math works, but may be tougher than you’re making it sound.
Kudos to you ! Like to hear winning stories. May i ask, are you selling or
buying those strangles/straddles.
Best to you
Hello, what you said is great and very helpful, and does make sense. I have been doing trades mainly selling puts on the stock you mentioned. I can only afford one contract, and am happy with !%.. Just wanting to know when you said sell an option in the opposite direction that a stock is going, do you mean if the stock is going up you would sell a put? sorry if I sound dumb but I was a little bit confused by this, and would really appreciate your explanation.
Much appreciated.
Cheers
Sally
I think if you read about Warren Buffett and what he did in his early years was selling puts when a stock had done a double bottom. If it went lower it forced him into buying the stock at expiration(of course you had to like that stock). Phil Davis of Stockworld uses this strategy with bull call spreads. His pick for 2018 is to sell the HBI Jan 2020 18 calls for 2.50 he hasn’t posted the bull call spread yet but this one is cheep and selling the puts may not be needed. I like doing Fibonacci retracements to see where the likelyhood of the turning points are and they are very real and accurate.
Buddy – one little problem !! Making so many trades, brokerage fees will eat you alive!! You’ll be lucky if you make 30 cents for a 2 dollar risk (for example) on SPY deep ITM monthlies. If you weave in and out as well, most of that money will go in brokerage fees (unless you’re working with 100’s of contracts)
Sri, These days, we have some very low commission brokerage firms. For example, my broker normally charges $4.95 ticket + .65/contrasct. They gave me a .75/contract flat rate with NO ticket charge a long time ago. For experienced traders, IB (Interactive Brokers) is about as low as you can go. Many firms these days allow you to close options for no commission if the contract is below .05cents. If my stock runs up in a covered call trade and I wish to keep it, I simply do NOT see any downside to a roll-up and out. EX: purchase 1000 shares and sell ten contracts. The stock runs a buck over my short call strike. Why will I cry to spend $15.00 bucks rather that only $7.50 if the stock had stayed flat and I only sold new options after expiration? I made an extra grand I had not planned on and it only cost me an extra $7.50 to roll up. Commissions should NOT be a factor in your trading these days.
Hey EternalStudent,
Thanks very much for your sincere inputs. I find it is so true to say “Trading in both directions at the same time is the greatest secret of investing”. Will you please talk about which of the following option trading strategies has the best winning odds when it comes to betting both directions?
• Buy a call option, and Buy a put option;
• Sell a call option, and Sell a put option;
• Buy a call option, and Sell a call option with a different strike price;
• Buy a put option, and Sell a put option with a different strike price.
Again, your help is much appreciated.
Chuck has some good advice about how to pick good trades but he also lies. He has tables which claim to show how to structure ‘no lose’ trades but fabricates the prices of the deep in the money calls in his explanations of how you ‘can’t lose’ if you follow his trading.
Joe, I have mentioned above in other posts what part of the Hughes system I use and why. One thing we found not so good was the implication that by selling DITM (Deep In The Money) covered calls, as Chuck showed on some webinars, the trades yielded supersize profits. It is true the deeper ITM the call strike you sell, the more downside protection you have, That comes at the expense of earning less Time Values which is why you sold the call. It could be my less than perfect hearing, but I think a few times in past webinars, intrinsic value was confused as income. Experienced option traders understand that the high premium of DITM calls gives you back part of the price (intrinsic value) of the stock. It is the extrinsic value of the short call you sold that is your profit along with any dividends you collect during the holding period. I found that to be misleading.
The eternal student advice that rang most true with me was the implied advice to develop a system and don’t deviate from that system. I am beginning to think that ANY system will work if you stick to its rules. The only system that doesnt work is the one that has you thinking you can predict the move and then making an investment based on that erroneous thinking. After all, there are only three paths a stock or option or any investment can take; up, down, or sideways. If you make a blind choice, you will be wrong 66.6667% of the time. Any consistent system will turn that around so you are wrong only about 40% of the time. And with a 60% win rate, you have a very low chance of having 8 losing trades in a row. So you can adjust your system to make sure that 8 losing trades in a row still leaves you with plenty if trading capital.
I am following his system and it works. His services are a bit pricy, but if you enter the new trades at the same time as him, and have a large portefollio you should make money. I recommed too first try his cheap education like guarnteed Option winners books and then test his system on your own trade too see for yourself.
AST,
The Chuck Hughes system, now called GROW, sounds interesting. I’m wondering what are the exact parameters of the system. Here’s what I gather from his sales webinar today:
– Look for stocks or ETFs on the 52-week-high list, such as Barchart. (Needless to say, look at 52-week lows for the reverse strategy.)
– Prefer stocks $70 or more. A stock at $70 has a good chance of going to $100.
– The 50-day moving average must be above the 100-day.
– On-balance-volume needs to be steady upward.
– Best entry to buy a call option is when the stock or ETF drops to the low end of the Keltner channel. Use a 20% stop loss. Buy a deep in-the-money calls for a price such that you break even with a 1% increase in the stock price.
– Questions here:
– How is this determined? Is it, say, a .95 delta? Or is it, say, intrinsic value is within $1 of the strike price?
– What does break even mean, exactly? Maybe intrinsic value is higher than your strike price?
– When you break even, buy just-out-of-the-money puts. The question here is, how many?
– You can rollover the spread to the next contract expiration. The question is, what are the factors for keeping, exiting, or rollover?
– His advisory only uses major stocks or ETFs, because of the volumes involved. What about doing this with little or no volume on those calls?
Can you answer the questions posed there?
Thank you one and all…for saving me from spending more money.
I’ll try a crack at this, even though I haven’t followed his methods. But my understanding of the 1% is when the call option cost can be made back when the main stock would move up by 1% (it breaks even). I believe that would be a .95 delta (not the within $1 of the strike price as the deltas are much lower in that range, esp $70 stocks).
Then the ‘buying the Put’ option to hedge (or protect your profits) is when the Call option is up over 30%, then you would purchase a Put to lock in those profits. Now, I haven’t done this, so I don’t know if this works, or how it’s done, or at what price point either.
I’m also unsure as to how far out. From one example, I’m assuming the initial Call Option is about 6 months away, and then the Put option bought is 2-3 months out.
Another poster earlier on this thread pointed out a very interesting fact, sometimes going to .95 delta (ITM) call option may have a low Open Interest (or high interest) but not a lot of Volume (activity) on that Call. So it’s possible that Chuck Hughes uses the ‘theory’ of the price of the call option and what it is worth after a big stock rise, but the reality is, if no one is selling it, how can one buy it (lack of volume). Anyways, my 2 cents on this topic. I hope others with more experience on this can offer their thoughts.
Cheers,
Juleo
AST: A glib endorsement. I will believe your claim that it works when you make your first million dollars and publish your brokerage statement on line.
Don’t get involved with these people. Bad news.
I’m glad I came across this thread – again, stockgumshoe saves the day. Since I’ve been trading Options the last 3 years – and quite enjoy it and have done well (currently have an annualized return of 27% on Options trading the last three years). I was intrigued when I came across one of Chuck Hughes trading systems, and found his math to be rather convincing. However, the growth of the account (promoted within the video) seemed a bit far-fetched – growing a $5000k account into over a million over three years… yah right. But before really challenging that aspect of his claims… I reached out to them and now I’m being hounded by their sales-rep to pay either 6000k for the year, or 8000k for two years, or $15000 k for lifetime. Sensing my hesitation, they recently offered a one year for 5000k (1000k off) if I write a 50 word testimonial on Chuck’s proven methods. I also asked for a track record (like specific – stock/options open and close – to track their prior performances). They said they do not do that anymore (show prior results) as they claim people have been able to determine the ‘secret sauce’ by studying those trades… umm… but doesn’t he sell that ‘secret sauce’ (methods/strategies) anyways through his educational materials??? and the ‘weeklyoptionalerts’ is just an easy (lazy) way of getting the open/close positions without doing the work but i still based on his methods. At any rate, obviously they make more money ‘selling’ subscriptions/education and definitely must be manipulating their numbers to ‘fool’ people into reaching out to them/subscribing into their service.
Eternalstudent made a good point about educating/learning yourself (which is why I was updating some Options knowledge – and came across Chuck Hughes). The point being, as many have already stated before, no one should ever dish out $$ (especially 4000-6000k) for a subscription in which the people are unwillingly to show the previous trades.
For those wanting to learn and explore other strategies, just youtube ‘tasty trade’ ‘market measures’ – I find Tom and his Tastytrade team to be an excellent source of information.
Cheers,
Juleo
The math is simple. $460,000 / 24 = $19,166,67 per month! This is an average.
Then $4,600 / 460,000 =.01% over a 24 month period that would be 4.16 times the base amount a month. That is a 100 to 1 return that is trading like Hillary! My best return after a lifetime of trading is one trade that was over 25,000 from close to sell the next day. It was great choice of company [Apple] after their best report. That was a 11.3 to one return. But other wise I never had that big a win. I know of no trader that has ever had a 24 month return of 100 to 1 …
First, the salespeople who work for Chuck Hughes are creepy, rude, disgusting scumbags. On the phone, they talk like ignorant tough-talking thugs. They remind me of angry drunks I have encountered on downtown street corners. They are too stupid to answer any intelligent questions about options and trading. So they insult you and try to intimidate you into buying their scam. Second, Hughes probably did win some sort of championships. In other words, he knows something about options and trading. He did not just make it all up. And he does give away a few secrets. Enough to gain a modicum of credibility. BUT he does NOT give ALL or even most of his secrets away. If he did, it would hurt his profit margin. The reason I know this to be true is that I would NEVER give anyone my hard-earned secrets to wealth and profit to the uninformed rabble.
Keep in mind the BIG picture of what Chuck Hughes is “preaching” The principals and mechanics are sound in regards to picking trending stocks, ETF’s etc. It still involves discipline and money management. These “guru’s” offer their services because most folks lack the discipline to follow through with the basics.
Once they have your money they no longer care if you make money or not, most of the time do not answer e-mails, if you do finally get some one, they have an answer but not for the question asked. Talk to 2 different people get 2 different answers to the same question. I feel like I have not been told the truth. They say they are making money and their program works..I am sure they make money, I purchased these services so I could make money. I don’t mind paying for a service (in this case thousands of dollars) if I can get advice and recommendations that I can act on and get a positive yield. When you are in your 70’s it is hard to make up the thousands paid to these folks, getting old not much fun. Silly me I thought if I had problems, that perhaps someone could offer advice as to what to do to increase my performance. The only suggestion given was to spend thousands of dollars more to get one on one coaching. I wonder if Mr. Hughes actually reads any e-mails sent to him, or have they made so much money they don’t really care what answers are given to the people subscribing to these services. I am very disappointed, just not with my lack of my making money, but with their attitude. I guess I’m naive, I was hoping that this advisory service was a step above some of the other can’t miss geniuses. The last thing that was said to me was “you get what you pay for”……..I wonder……………..
Rod, I am right behind you, about to “enjoy” my 64th year. I have posted several times above, we purchased several E-books from the Hughes group. If you have some basic experience, these guides should be all you need. The problem with alert services is that you have no real idea who is watching the market and sending out the trades. If I worked beside Chuck, I think all would be well. The closest I can get to that is learn the method, paper trade until I am sure of the method and then commit real money. I trust myself more than I trust office staff. No FREE LUNCH so I avoid alert services.
I don’t know anything about this guy. However, his claims seem to good to be true.
Forget all this hype. Invest in real estate. Invest in some foreclosures. Fix up the property then sell.
I have been writing covered calls on my account, also selling puts and credit spreads. Returns are very good, more than I could have imagined in fact. I was trained in options but never realized you can use them in your own account. When
I try something new, I am cautious with small positions until I get it working for me. Chuck turned me on to covered calls on your whole account and rolling over.
Have not taken his service but recommend him for his publications. Joe Mato
joe mato, I agree with all you said about selling options. What I can NOT understand is how you could “be trained in options but never realized you could use them in your own account.” All market makers and other “Pros” know this. On the other hand, the retail trader only gets training because they plan to use options in their accounts. Could you elaborate please?
I joined the ‘Inner Circle’ haven’t made any money been over 8 months, they do not return you phone calls or email, I spent a lot of money for no service, $7,000 I wished I had read these comments before
Check out Bill Spetrino’s services. Every member of his B.I.O. forum
has benefitted from Bill’s advice. They all praise his honesty & integrity,
as well as his consistency in recommending good trades. I made the mistake of investing $5,000 in Paul Mampilly’s newsletters, & was about
to give up on finding one, that was worth the money to subscribe. I found Bill Spetrino from reading posts here on Stock Gumshoe. The posts were not made by shills. I became a member two months ago, and I have exchanged emails with many of the members who have posited their positive comments about Spetrino. Many of them have been members since the forum started in 2010. The fees for Bill’s services are much less expensive than what others are charging, and he is available at all times (both on the forum, as well as private emails). His newsletter “The
Dividend Machine” costs only $100/year. He recommends building up a core Portfolio with good companies that pay dividends. He advises you
to allocate 90% in his Conservative stocks, and only 5% each in Agressive
& International. He also has a great Fair once, or twice a year where the members get to know one another even better. I wish I had found out about him sooner.
Jill – I also have (but cancelled renewal) the Paul Mampilly “Profits Unlimited” advisory for $50-$100/year where most of the stock picks just go up or down a little – he has one winner (STM) +250% but only if you bought 2.5 years ago (now it trades sideways). This is just a teaser advisory for the $5000 – $10,000 advisory he has. Jeff
I have no idea if I could live up to the expectations of the people posting in this thread BUT I do have a service with 65%ish winners using options trading on the GLD and SPY ETF’s. You can check it out at http://www.fedtraderservice.com
Matt – Thanks for the info on a good service that you use. I wish more investors here on Stock Gumshoe would recommend a good Stock/Options advisory to others when they find one. Jeff
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
weidem, you said, “Simply continuously rolling over the options.” Exactly what did you expect? In Chuck’s many free webinars and in the E-books I purchased, that is clearly what his trend following method is and does. He rolls out winning option trades until there is a sell signal. He follows the trend for as long as it runs. My guess is that if there was a better opportunity presented, he might exit early to take a different trade but I do not know that as fact.
People. Educate yourself first. Learn basic options, there is plenty of material on the internet, amazon or your good ol fashion bookstore if you can find one. Understand Vega, and Time Value vs Intrinsic value. Understand how to determine trend and resistance/support areas within the trend. First time visits to these areas are optimal for sell or buy entries. Then when you subscribe to a service you can enter positions under your rules and more importantly, under your management. Then you can start hedging yourself. Once you have a rule based plan and you’re constant improving rules, then you can decide if a recommendation fits your entry requirements.