written by reader Automatic Income from Rob Booker, WeathPress, Monday Morning Paydays

By hanksterrr, January 6, 2020

He is offering this service for $1,995 for Life.
Has anyone signed up for this.
Is it a scam or real.

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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Chad
Chad
8 months ago

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.

Curtis Kessinger
Curtis Kessinger
8 months ago
Reply to  Chad

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.

bella999
bella999
8 months ago

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.

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ford
ford
8 months ago

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.

bella999
bella999
8 months ago
Reply to  Chad

Thank you for the URL, it was good to read some of the comments there about Rob Booker and Roger Scott. Not very flattering…

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ford
ford
8 months ago
Reply to  bella999

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

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Dinakar
Dinakar
8 months ago
Reply to  Chad

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 !!!

Dinakar
Dinakar
8 months ago

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 !!!

johnathan
johnathan
8 months ago

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.

ford
ford
8 months ago

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.

ford
ford
8 months ago
Reply to  hank

optionsanimal is one reliable source of right education.the other is onlinetradingavademy. jeff dunyon helps. this is my view.

asdf
asdf
2 months ago
Reply to  ford

you sound like a snakeoil salesman yourself

taubie
15 days ago
Reply to  hank

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!

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