Automatic Income from Rob Booker, WeathPress, Monday Morning PaydaysHe is offering this service for $1,995 for Life.
Has anyone signed up for this.
Is it a scam or real.
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I didn’t signup but I did find comments about his past offerings.
https://www.valforex.com/2017/09/rob-booker-review-is-robbooker-com-scam.html
I would expect the same from him on future products.
I watched the video carefully and noted that he was just entering orders and claiming earnings. None of those orders showed were executed. As any trader knows, you make money closing a trade. Selling options do carry risks, you can lose a lot of money before they expire.
I watched it and he never did say what his strategy was in the video. Nothing other than people walking up to him and touching the cell phone. Nothing that I could see what he was trading and what the strategy was he was using. To ask for a $1995 and not show what it is he is doing is the wildest money ask I have seen.
I just watched the video and it was the least informative proposition ever. He explains nothing at all about what his method is, let alone give trading details. The word RISK was not once mentioned, he made it sound like that weekly income is guaranteed. No mention as well of what funds they need to start with, how much they actually have to put on the line per trade to make that $1400 or $1800 he ‘showed’, or any losses they may incur. Although he does give a 30 day guarantee that you would make your $2K subscription fee back in that period or he will work with you directly for free (yeah, good luck finding him for that!). This promotion video was not targeting experienced traders but those who have no experience with stocks or options and wouldn’t know the right questions to ask.
Exactly agree, I even called them and no response.
I wouldn’t pay them 19.95
watch carefully the gasden city video. he hinted people prefer buying lottery scatch tickets,and he would sell the scratch tickets not buy.selling options to option buyer gamblers is the clue he gave us.But point is to sell options,yOu need a safety deposit with your broker.selling an option gets you immediate credit.if you can manage to sell an option that surely expires worthless then the money credit is all yours after expiry day is over. hope somebody having option selling experience checks and gives full details.
Thank you for the URL, it was good to read some of the comments there about Rob Booker and Roger Scott. Not very flattering…
i read roger scott schemes were failures. rob booker no idea.rob booker on his gasden video was talking of selling options to option buyers the gamblers.we wait for members who joined the monday payday cycle course for real feed back
Exactly agree.
I agree but not waiting, I think I will pass.
The Booker audience in the video are not sophisticated enough because one needs a big trading account for selling puts that Booker recommends if he/she ends up being put to buy the shares by the market maker. Also his tax mitigation tease that advises them to consult with an expert in order to classify their trading the service’s recommendations as a business is even more far out !! Selling calls requires owning a portfolio of stocks to derive this income, meaning that the user needs a big account to start with. USER BEWARE !!!
First you need an account with a substantial balance to trade. If selling Calls you need to own some underlying(s) in multiples of 100 shares. If selling Puts your brokerage needs the capital to buy the necessary number of contracts of the stock chosen, if you are put to own them. Definitely it will not work for the audience he was selling it to, as well as the concept of incorporating a trading business to control or mitigate taxes on the capital gains or broker proceeds (the automatic income). Financial institutions get a bad name for hiding all these trading nuances, and these preying charlatans who screw the simple folks who have only the will to work and earn, but now they have to lose their belongings too when they are ready for retirement !!!
I just finished listening in to one of his seminar today (1-11-2020) and it was obviously prerecorded and sometimes throwing in a time stamp to fool people. I think this has scam written all over it. I really am interested to hear if anyone here had purchased and it worked or it’s a scam.
yesterday i saw his latest video robbooker xplains and shows he is doing put credit spreads. he gave idea about two things.one option buyer need direction to be right which he has since years. second option seller has 66% inbuilt advantage for him if price went in his fsvour or did not move as in sideways mkt like.only one way to lose. now he says he combines both option buying and option selling.it is a spread trade.you buy a put and sell a put.we need to figure out which strike to sell and which to buy. normally they sell an atm put and buy a lower strike put in a bullish market.
this is all we get to see as he showed his mobile phone images.1995 usd is a good income for him.
i add one clue here.
when you trade itm debit spreads you can manage adjust your trade and avoid failures. want to know more watch jeffrey dunyon video on safe option strategies. link is here https://safeoptionstrategies.com/blog1/home/never-lose-money-again/
regular credit spread traders go bust.80% failure in built.
so learn how to adsjust with itm debit spreads and increase win rate good way.
I would avoid this guy like the plague.
Look for a service that will provide you with actual trade results for 2019.
Most of these services are making their fortune from selling the service not trading results.
optionsanimal is one reliable source of right education.the other is onlinetradingavademy. jeff dunyon helps. this is my view.
you sound like a snakeoil salesman yourself
You are absolutely right! I have one of his “services” (Monster Trades) and wanted to make certain that it wasn’t automatically renewed. Starting 6 weeks before the renewal was due, I tried to contact the service to let him know not to charge my credit card. That’s when I found out that he has cleverly managed to avoid answering any phone calls – or returning messages via phone – or responding to messages sent via his website, or responding to any emails with anything but a canned message saying he’ll get right back to me, which of course he never does. I have no doubt that he will go ahead and charge my renewal in a matter of days, which means I’ll have to go after a refund via my credit card with all of the ensuing, time wasting garbage that goes along with that. As you said, avoid him like the plague!
hi taube just change your credit card. use lost credit card. get a new card rob boker cant take any auto renewal off your card once you report card lost
I am looking for a trading partner for LIFE.
I have paid for several services for LIFE.
If anybody is interested, please email me at hanksterr@gmail.com
This is a review of Monday Morning Paydays and it shows an actual account being traded. The guy actually paid the 1990.00 or whatever it is and placed a trade from Monday Morning Paydays recommendations in his live account. And it actually looks like it worked. https://www.youtube.com/watch?v=TI9vNdYiX1I
CREDIT SPREADS. That is what it is. Yes, you can make money, but you can also lose money. I like Don Kaufman’s suggestion to use delta alerts on Think or Swim (or any platform that offers it). Yes, with the click of a few buttons, you can collect the premium from selling options. You will get alerts when to sell. You can make money but you have to learn how to manage risk so that losing trades do not blow through your capital.
ECHO Trades SYSTEM by Jeffrey ex Rob Booker sales godown WAREHOUSE is nothing. just 4 ema ema5 ema8 ema13 ema34 buy when the first 3 ema(E5 E8 E13) bounce up off ema34. sell Or short if e5 e8 e13 bounce down off ema34. so simple. we need filters to support decisions. like volume spike adx rsi14 or a strong demand zone. anybody joined this at 997 please share your experience. thanks in advance