What is the BEST Options Trading Service available?
by samdingus | October 18, 2020 2:23 pm
I hate my job and I would very much like to trade full time. I don’t have a lot of money to start. I would love some input on the best Options trading service available, especially if you are trading full-time and/or have a lot of experience doing it. Perhaps there’s someone out there that trades full-time that would be willing to mentor me?
Thank you, in advance, for your input,
Sam
Source URL: https://www.stockgumshoe.com/2020/10/microblog-what-is-the-best-options-trading-service-available/
Sam,
Half of all employees do not like their jobs. So my first piece of advice is no matter how bad it is, it is a steady income.
Second, if it was easy to trade options and replace an income, many folks would just do that. So why hasn’t that happened? Because it is very hard to do.
Third, options trading is not the same as day trading which is also very challenging. Impossible to be high speed computers.
In order to buy or sell options you will need to obtain approval from your brokerage firm. Call them and see what that entails.
You can buy and sell options while working since doing the trades takes almost no time.
The best, conservative trading service I have found is published by Stansberry Resesrch. It is called Advanced Options. Very good track record.
They have extensive reading materials that MUST be understood before you dabble with this.
It is very easy to lose and make money with options. No one ever pays attention to the lose part. Won’t happy to me. Hah!
The best advice is to buy the service, read all the materials, Paper Trade for a couple of months and learn.
Thank you so much hedy1234, I really appreciate your tips. I will look into Advanced Options.
Also look at Retirement Trader. May be a better one to try first.
I’ve had luck with Rebound Profit Trader (Banyon Hill). I’ve used the service about 4 months, and have closed $10,000 in realized gains. However, I have a a lot currently in positions that are more or less in the red. I’m optimistic they’ll eventually pay off, but if they don’t it will be a significant actual loss. Someday I’d like my overall exposure to be less than my realized profits…. The options trades are provided in nearly ‘idiot proof’ terms, so that’s a plus. Option trading is not for the faint of heart, as every day there seems to be no logical explanation for why options price the way they do, and even when I’ve made money I still worry about overall exposure. Be careful.
Thank you mmatfess. I really appreciate your feedback. I hope all your trades go thru the roof.
mmatfess, you say ” I’ve used the service about 4 months, and have closed $10,000 in realized gains”
Thank you for this, but with respect, this figure is largely meaningless unless we know how much capital you are trading. If you are trading with $20K, then this is an amazing return, but if you are trading with say $100K, then that is just 10% return in 4 months.
Are you able to mention what percentage return you have made as opposed to the $ value?
Many thanks.
I tried project 303 thru Money Map Press. AVOID. The profits are on paper only. Most times you can not get into the trade recommended at the given price. Their once a week webcast is PRIOR to the market open. The trade recommendation is only based on the volume with the proprietary program he used . No explanations beyond that. Then the upselling starts for the 1450 club. I tried 303 for 9 weeks, made money on 1 trade and the rest were losers or not able to get in at price. I would put my trades in prior to market open and still not able to buy most without jumping up price paid. On the plus side, I was given a full refund when I called them.
Money Map press did have 10 free webcasts from their different people but now down to 5 per week. These are all to upsell their services. Most of the webcasters are good and did explain why stocks were moving and where would be a good entry point. That helped a lot and have done well following advice. Way too many emails pushing the same service each day. If tempted to join their pay for services, call them and you should get price reduction.
Thanks Peter, I appreciate all the experiences that people are sharing.