9-month MillionaireDoes anyone know more about Bryan Perry’s(Market Beat) “new” 9-month millionaire plan?
He shows how following his plan and making the trades He will email or text you, that starting with just $5,000, you can be a millionaire. Sounds great, but I’ve been a suckered for hype to many times… This is the only place I will invest $$(much smaller in comparison)…
Thanks…
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Have never looked at it, but that’s an absurd promise.
Yes, of course, it’s possible that you can time dozens of trades perfectly and end up turning $5,000 into a million dollars, but it’s certainly not at all probable. Know that trying to reach that kind of crazy goal would also mean not only that you bet all of that $5,000 on something insanely risky in the first place, but also that after you make a profit on that, if it is profitable, you bet it all again on something else very risky, and daisy chain that for dozens of trades. If you get 100% of them perfect, which I’ve never heard of happening but is, I suppose, mathematically possible, then maybe you can compound that trading into a massive gain (though 200X your investment is a ridiculous goal)… if you get one of them wrong you end up with a 100% loss or near-100% loss.
If any trader was within a fraction of being that effective, they would not be writing a newsletter or trying to recruit individual subscribers — it would be an irrational waste of time.
If you can consistently make even 100% returns in a year you can create a massive fortune for yourself in just a few years, and what’s being pitched there is a promise of 20,000% gains in a year. It’s a nice lottery ticket daydream, but that’s all it is, and a lottery ticket only costs a dollar or two.
From his numbers, it looks like it is achievable. From what I read it looks like he’s selling put options. Most brokers require you to have $5,000 in your account to sell puts.
Buy a call and you first put money out and are betting the stock will rise. Sell a put and you get paid immediately and also want the stock to rise, otherwise the stock gets put to you and you have to purchase it, thus the need for the $5,000 in cash in your account.
Well, I believe options trading CAN be very profitable, providing you’re successful with your timing.
As for the concern that you’d suffer 100% loss if you got just one trade wrong, I don’t think this is what would happen. My understanding is that traders aren’t supposed to be exercising options or holding them till expiry. Instead, they would sell options as soon as these hit the profit target, so, what logically follows, if you see the prices going against you, then you just dump your options at a loss – but not 100% loss.
But, to be sure, just like Travis mentioned in his post, it doesn’t make any sense for the guy who is selling the access to this system to do so. If he can hit his targets consistently over 9 months period, then what does he need my $995 for? He can make a million in less than a year, right?