Any thoughts on Chuck Hughes / Tradewins?Here is the latest one I’ve received:
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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.
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.
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.
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.
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)
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.
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.
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.
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???
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.
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…
I had a similar experience with rude, unprofessional and pushy salesmen. The guys name was Ed – he talked like a New York mobster and completely discredits the service. All he was interested in was the next lead or sale. My questions about the service (ie – duration of trades, number of trades, trade management etc) were of no concern to him.
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.
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.
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.
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.
I love your response! The guy is a real deal, however, why pay those incredibly high fees when most of those materials are available online from YouTube and other sources! You cannot be a world champion if you are not among the best! Unfortunately, the rest of the people in his organization are not Chuck Hughes, and chances are high one would be dealing with them for any Options related help after paying those fees! Just my 2 cents 🙂
He promised to send option trades for 4 weeks took my money and disappeared. His phone number is also incorrect, along with his email address. Only way he could do this is he looks dignified and call himself a United Pilot turned into an Option Advisor!
I know there Might be a time limitation, but that’s why I always use PayPal to buy anything online. If that were me, after several attempts to get those Trading Options, I would have gone in PayPal and filed a Fraud claim. I believe they 1st credit your back your money and then charge back the vendor just like on a VISA card but PayPal is more efficient, better online communication trail and doesn’t go through all that reissue card crap. Then the Vendor has to Prove they gave you the service or product. In other words the vendor is guilty until proven innocent.
I subscribed to Hughes Optioneering from late Jan 2018 to mid-Oct. I’m told this was not his standard expensive service. (It was an affordable $39 per month for 4 recs per week), and when you call their help line, most of the folks don’t know anything about it. The theory was to pick a stock in a strong uptrend that suffered a mid-size dip, then enter an in-the-money bull call debit spread. You’d win if the stock went up or didn’t go down by more than about 7.5%
Up through June he picked about 50% winners and one could make that work by terminating the losers early. Beginning July 1 he was only picking 20% winners and there was no way to make the system profitable. By October he was occasionally using puts, betting on the stock sinking. I think the market simply became too choppy for this approach. I moved to another advisory service.
Not sure how you can say he is the real thing. I just got a promotion with this example
https://www.screencast.com/t/MoShEnxb3Km
Preface & Context: I previously was a registered financial advisor and counselor (but not presently). I also have studied and traded markets for over 6 years. I’m not a newby when it comes to trading, but I’m also not a multi-millionaire pro trader either. I search for legitimate, decent, worthwhile trading education services that can actually provide something useful, that don’t cost you both arms and legs.
TradeLikeChuck – the Book
On the plus side: You can sign up to receive their book and DVD. I found the book down to earth, an easy read, and actually good for newbies. It also has sound principles for those with moderately more experience and who maybe need to re-ground themselves in some solid practices. The book was forthcoming about MOST chart settings. They were good about explaining setups and precise points of entering and exiting trades. The multiple charts utilize multiple time frames to identify trend and increase likelihood of success. The controlling of risked capital (i.e. “getting out” of trades if they go against you) were wise and in common with some other trading education philosophies. They provide a formula to narrow down your selections of buying (or selling) options, that again would also reduce one’s risk. Overall, I was “reminded” of several principles that–when I implemented them–gave me more positive trades.
On the down side: Their Keltner Channel settings in the book were incomplete and therefore left me guessing about the other settings needed to fully define the Keltner Channel. My default settings did not match theirs. So I had to play around a lot with settings and finally got them to almost identially match. But then in a subsequent webinar broadcast, they were misaligned. I don’t think this aspect (by itself) is a make-or-break decision, as default settings on your platform are maybe ok. But it does raise a little doubt when the claims in a book cannot be easily reproduced to validate them.
TradeLikeChuck – the free webinar
My impression turned a bit more sour after attending 3-4 of their 1 hour free webinars. They are all similar. I never got any live questions answered via chat. They spend 25 minutes promoting why they are king of trading above all others. That only left 30 minutes to dive into more details, about the book and actual education. Not much new, but it is a different teaching approach for those who learn better from a presentation than just reading a book.
TradeLikeChuck – their trading services
Following the webinar, they offer to give you an on the phone counseling session. MAKE NO MISTAKE, THIS IS WHERE THINGS GO TERRIBLY AWRY. It is just a high pressure, “interactive” sales pitch to sell you on why you should spend $8000-$15000 for their personal coaching services.
Understand that I thrive on pulling the rug out from under used car sales approaches. And because I’m not new to this world, I can unravel their pitches pretty easily. I explained up front that I was only interested in chat room services, maybe trade alerts, and an ongoing connection to them during trading hours to provide some guardrails while I’m trading. This didn’t fit into their attempted pitch, and the presenter became very stubborn. Interesting how his initial interest statement of “How can we help?” went sideways when what I wanted did not fit what they offered.
They tried to counter with, “Well you can’t get any good advice unless you pay lots for the experience, and our teachers are the best.”
WRONG. You can find other sources for reasonable fees. I have done so.
They used arguments like “Well obviously you need help in your trading or you wouldn’t have called us”.
WRONG. I just want to make some improvements. I’m not looking for an entire brainwash.
Here is THE BIGGEST PROBLEM with many (not all) trading education services: They claim they want to help and teach you. But if you say “Here are my terms”, or “Here is what I want”, then they just badger you on how you must buy their high-dollar education to be successful. Their whole pitch is counting on you not knowing what you need, and they are trying to convince you that THEIR system is the only system worth pursing. Hogwash!
Here is the HIDDEN TRUTH to such services: Do the math. Say $10,000 per customer to the company. It only takes 10 customers forking over this fee to yield them $100K. That’s a pretty darn nice salary for someone to sit on their butt and teach you how to trade. It doesn’t take long before those services are making a half million per year just from teaching. But if those teachers were really making the Million a year that so many claim, then why would they bother taking time to teach you–or me–what they do? Answer? They only do this if they NEED the money and believe they can get it from you, the desperate student wanting to make their supposed Million. Basic logic suggests they are not making all the money they claim in trading (at least not consistently). Otherwise, why bother teaching at all? Many will claim they want to share their secrets. But a cost of $10K is not sharing anything.
CONCLUSION
Chuck himself might do fine trading. But Chuck is not the teacher. In fact–the way they present the webinars an sales pitches–they could have no ties with Chuck whatsoever and still have teachers claiming to Trade Like Chuck.
So get the book and video? Yes
Even attend a free webinar? Sure
But pursue their overpriced service and trust your money to someone over the internet? NO.
You should NEVER fork over that kind of money for internet training unless you can go find them in person and punch their lights out when they shaft you. Buyer beware!
What you have written is valuable to every options trading beginner.
You touched on the main reason why all these trading advisory services are out there to do only 1 thing – pull as much money out of subscribers as they can, throw them a few ‘bones’ with a few successful trades, but in the long run, unless you are an expert market timer – you will lose on trading options this way. Several years ago I met with one of these internet trading ‘experts’ who sold proprietary chart trading indicators that supposedly gave you an ‘edge’ in e-mini futures trading. Over lunch he revealed something that confirmed my suspicion – he said he no longer trades the market. He generates all his income selling his indicator packages and training courses. He said “trading the markets is too risky” – I’ve done it and it’s much more safe and profitable to sell my indicators and courses. That is exactly what Chuck Hughes does – just think about it -If he can really pull $millions out of the market in a few years, which does he need to keep selling his advisory services? He should be a multi-millionaire by this time, with enough money to retire, get off the internet and avoid potential lawsuits from disgruntled subscribers. Be suspicious of all these guys – read the fine print. I just got another one of his sales flyers – in the fine print on page 2 it clearly states that “Chuck Hughes experiences are not typical. Hughes is an experienced investor and your results will vary depending on risk tolerance, amount of capital utlized, size of trading positions and other factors….” That gives him an out if you lose money with his advisories – you’re not ‘as smart’ as Chuck so you can’t expect to have the same incredible performance that he brags about all the time in his mailers, videos, etc. Stay away – and get some good books or take courses on tech. analysis and seek a 1 on 1 mentor to teach you trading. In the long run, it cost less money than buying C. Hughes expensive advisory services.
Adding to that, Agora Publishing owns a couple dozen of these Newsletter Services. They’re all designed with the fish hook of only $39 a Year…however Each newsletter only tells you the story of Amazon, Microsoft, etc zooming 45,000% and all the Articles are about ADDITIONAL insider expert “Reports” on the Top 5 next Amazon but you have to act within days or miss out on millions. That only cost $1,450 a yr. so you get 4-6 of these extra Reports and they give your email address to “other leading multimillionaire traders that give Presidents of countries advice” that just happen to Also have a $39 a yr newsletter with the 4-6 special $1,000+ Reports and on and on. Before you realize it, your paying for 20 Monthly Newsletters all pumping the same fraudulent “miracle” company that turns desert same into Free Energy. And all these organizations are all owned by Bill Bonners Agora company. Eventually God blesses you and you find Travis Johnson-GumShoe.
Sorry, I wasn’t able to click the UPVOTE 100 times as it only allowed 1. Thanks for your Confirmation. Sounds virtually identical to buying into the VANTAGEPOINT AI Software. Guaranteed 87% success rate….the software program tells you what to buy, when to buy and when to sell with Amazing, Mind-Boggling, Super-Brain Predictive Futuristic forecasting for TOMORROW. Who wouldn’t want to know exactly what’s going to happen tomorrow. Problem is you’re teased for a few weeks with the whole 1,500+ database of stocks and afterward you pay for a couple hundred stocks and realize you have to pop for $1,000 to $3,000 for another 100 or so stocks and then again and again. You’d probably wind up forking over $30 Grand to get back to the initial teaser database. Plus, you have the Golden Opportunity to BUY more indicators all the time and other whistles and bells for a grand here, a grand there. No wonder this miracle program has a whopping 30,000 clients worldwide after ONLY 50 years in business lol. Thanks again!
Truth Teller, you are absolutely correct everything stated. Just because a season trader might get another book, attend webinars and/or check out services does not mean I need help. It means either validation the product is good or bad, or I am validating what I am using works better than the trade education and/or not worth their price.
I attended Phil Town’s 3 day and here are the boiled down takeaways:
> Most show boat about how he got started, the markets and establishing your investment house as well as buying into their priority Buffet style software.
> Cover Calls, Credit Spread and Selling Puts to generate moderate 20% something, thus build wealth without revealing to do Cover Calls and Sell Puts, you need the capital to cover the obligation to buy if the trade goes against you. Only a Credit Spread vertical, you don’t need the capital obligation.
> The end, Trade Like Phil is a minimum $9000 to learn all the above to establish a profit sharing investment house to build your own wealth.
The point, Truth Teller is right on, you don’t need to spend thousands to get a good trading education. Just need to see enough videos with solid understanding that a trade plan works. The proof need to be a live recording posted on YouTube, not an old account statement from 1985 and 1986. Any document can be doctored, cherry pick and/or base off a simulated account.
That is why I post my daily real money account results that people can go back to September 2019 to this very present to verify my results of Losers Become Winners.
Thank You Truth Teller, would love to read more of your investigative trade education articles. Extremely helpful to both season traders and new starters because trading is a great home income/wealth builder. Just need to weed out the trade snake oil sellers.
Check out Bill Spetrino’s services. You will learn everything you could ever hope to learn about trading stocks and options. He is always available to respond to those who subscribe to his BIO forum. You will also be able to meet Bill at one of his monthly Fairs. I discovered him through this website. Look up The Dividend Machine newsletter which costs only $100 per year. Bill invites those subscribers to join the forum (By Invitation Only). The price is about $500/year. So for a
total cost of $600 you will have everything you will ever need to become a successful investor. I’m an old widower (86 years old) who loves the excitement of trading (especially options). Bill keeps teelling me that I need to focus, be patient, and stay the couse that he sets out for us. Bill Spetrino may have an inexpensive introductory offering to try out BIO forum for a few months. Those who fathfully followed Bill made a lot of money (some became millionaires). I am primarily looking to learn, so I don’t risk much money, compared to the other 300 members. The forum is an elite group, and I never expected to be admitted. There’s a Cafe section where we discuss everything other than trading. The members are from all over the world, and they can tell you first hand about real estate opportunities, if you are looking to relocate. Marcus is a physician, doing research in Cancer treatments. He lives in the Black Forest, Germany. There are quite a few medical doctors who are members. Best of all we all pray for one anothers’ good health and well-being. One of the members is a distributor for LifeVantage products such as Protandim. Many of the members have been taking this supplement and have had tremendous results. Bill has many contacts, one of whom is an expert in the Cannabis business. I made a thousand dollars on a tip Bill gave us for a ‘fun trade’. He has a list of substantial Conservative stocks that he recommends having 90% in your portfolio. He also has a list of Aggressive stocks that should only be 10% of your portfolio. We all made
a lot of money investing in SNAP shares which is on the Aggressive list. Bill tells us the maxium amount of money we should pay for a stock. There are times when he advises us to load up on a valuable stock that has gotten beaten down as a result of investors going into a panic because of bad news, that’s often just noise. Bill will critique your portfolio allotments. There are no hidden fees, nor does Bill attempt to sell you anything more than The Inner Circle which is for trading Leaps (long-term options). I could go on and on mentioning all the friends I’ve made since joining a year and a half ago. Posting this is my ‘good deed for today’. Time for me to have a sandwich and a beer, & maybe a nap in my easy chair. I’m known as ‘Scooch’ in the BIO forum. My wife use to call me that. My name is actually Richard. God bless you all. Have a wonderful day.
Thanks Richard. You seem like a very nice man and this posting was extremely helpful. I am 62 and in semi-retirement and have always wanted to get into trading options, but just haven’t had the time. And when I did find something that seemed like a good education and trading service, I followed up by looking at reviews and there was always pages of bad reviews. I felt like I couldn’t trust any of these “systems” that are being pushed on people. I have always felt that I would also enjoy the excitement of trading options. I am not out to make a killing. I’m looking at it more for fun and entertainment and to keep my mind sharp. I love number crunching and statistics and analysis and option trading seems like a good way to satisfy those interests. I don’t want to make a lot and I don’t want to lose a lot. Making friends like you have sounds a lot better than making money anyway! If you would ever be interested in chatting, I am in CA. My email is listed below. Maybe we can exchange phone numbers. Thanks. God bless and thank you again for sharing!
Jillsami
I just read your post and certainly will ck out Bill site since i have been looking for a legitimate service that i could rely on,which is not easy to do.Any advice that i should follow would be appreciated.
Jillsami
Im 84 and like options but have dabbled in puts and calls and would like to learn more so i could invest wisely so im open to any suggestions and would enjoy hearing from you.
I called and talked to Ed. While Chuck’s courses sell for $1997 online for the Weekly Options Alert, Ed quoted me $6,000/- I guess he is reselling the course, and will get to keep $4K for himself, on each client he manages to get. Capitalism is the name of the game. Best to join online, which is a 2 year membership and comes to $2.77 per day for 730 days of membership.
Chuck’s guarantee for $100K however is not mentioned anywhere in writing, although his webinar claims it. Also he says that he can guarantee your win.
The 3 solid guarantees from his webinar are:
1. Don’t need to constantly monitor the markets.
2. Don’t have to set protective stops.
3. Literally set it and forget it. — Totally Risk free, whether the market goes up or down.
I have been called too often and this last time during corona crisis and the sales person wants me to spend money. Not even a bit OK with what is going on. Completely insensitive! On top of that, when I politely said i was not investing at this time they hung up on me. Rude as well as insensitive. Then I called to be taken off their list and was again dismissed and hung up on. What a bunch of jackasses!!!
Without doubt Chuck Hughes is one of the most successful traders having a publicly documented record. There are other talented people like Tom Gentile who was the great Fontanills partner and Andrew Keene who was a big marketmaker in Apple options but they do not have precisely documented public trading records.
Chuck did win X number of public trading championships and placed 2nd and 3rd in many more while the standings of these championships were monthly posted in Futures Magazine and in other financial publications. I remember seeing Chuck’s name on top of the leading boards for years on. No other trading advisory vendor can make that claim, not even close. His record may never be surpassed.
I got a trial subscription to his paid newsletter a few years ago and I forgot to cancel it for a couple of months once it activated. I never subscribed to the full program where one could use his software to generate and analyze trades.
All of Chuck’s method’s are valid and work but are intricate and unless a trader is very experienced in option trading and has iron discipline they are not going to be able to profit from it to the extent it is claimed.. So 97 percent of people reading this comment could not profit from the service even if you paid him big bucks to give you exact and timely instructions.
If you already were an ace trader you could enhance your results with some of Chuck’s work.
Once you know the logic of the various setups and know why and how they work you could use Ameritrade’s excellent Thinkorswim platform or other advanced platforms to construct and analyze the same or similar trades.
I remember trying to put some of the trades listed in the newsletter on and I could not because I did not have the patience to enter complex orders at that time and some of the option legs of the setups were not active enough. Ironically the participation in options have exploded and there should be a whole slew of additional stocks and options that Chuck’s setups could be traded on.
Most experienced option traders, even me, are hyper and flexible, able to adapt to quickly changing conditions so we do not have the patience to live with Chuck’s longer time frame trades. That is not his fault.
The question remains, is it ethical to promote a very intricate trading method to the wider, inexperienced public knowing full well that many may be hurt by it and realistically few will benefit?
Chuck Hughes’s recommendations are working great! If you follow, and do what he says, it works just like he says it will. Anyone not making money with his system is doing something wrong.
If you believe the Na sayers, thats your loss…. and their’s as well.
Don’t give them your number or they’ll never stop calling you. They’re rude each time they hang up on you with “you must hate making money” or some stupid insinuation every time. Ya, insults will really make me pay thousands for your insider scheme…
I have set up a way you can have access to Chuck’s weekly newsletter without paying the $39 and, better yet, see how his recommendations have been doing.
Go to http://www.stockhoot.com and register as an investor. Search for the service Optioneering-W and there you are: his most recent stock picks and all his option trades that haven’t expired yet.
He generally makes one stock purchase recommendation and three option recommendations. His option recommendations include long calls, buy-writes, bear put spreads, and bull call spreads. We do not implement buy-writes because they require buying 100 shares of stock and there is never enough cash for that.
Stockhoot does not support bear put spreads so we have to put on the purchase and write separately if there is enough margin. If not we just do the purchase.
As you probably know, Chuck first determines the trend by using moving averages and then looks for a low-risk entry point by fitting a Keltner channel.
There’s no reason why you should not do as well as Chuck if you follow his strategy and recommendations, and you know how he brags!
can anyone tell me how this chuck hughes example online right now can be accurate?
He shows purchasing a call with a 70 strike on a 77.72 stock for 1.885.
NOT POSSIBLE!! The intrinsic value of this option is $7.72
This is not “fudging.” This appears to be outright fraudulent advertising.
Am I missing something?
screenshot: https://www.screencast.com/t/MoShEnxb3Km
full post:
https://www.tradewins.com/Funnel/WCA/webinar-transcript.html?AFID=undefined&click_id=undefined&SID=118197
Here’s a little insight to the marketing of Chuck Hughes with Roger Scott. https://secure.wealthpress.com/sf/omega_one/