Publisher
5 Percent Per Week
Description
Short term spread-trading system for options.
Overall Rating
Rating: 3.3/5. From 19 votes.
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3.1
Rating from 59 votes
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Investment Performance
Rating from 15 votes
Rating: 3.1/5. From 15 votes.
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Quality Of Writing/Analysis
Rating from 13 votes
Rating: 3.0/5. From 13 votes.
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Value For Price
Rating from 12 votes
Rating: 2.9/5. From 12 votes.
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Customer Service
Rating from 19 votes
Rating: 3.3/5. From 19 votes.
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Another winning week for 5Percent! My autotrade broker, Thinkorswim, was able to fill their order for $0.35 so I actually earned 7.5% on last week’s trade. I’m up over 40%, including commissions, for the past 10 weeks! Thanks, 5PPW!!!!!
Keep investing with them. You will sustain a 100% loss eventually and wipe out all profits.
I was a little disappointed when I lost over half of my portfolio in one week. 5PPW sustained a 59% loss. The only problem is that they make it very clear in their website that the can manage losses well and have experience at doing so, so I gave them a try. The first week I made 5%. The second week Trade King did not fill my auto trade order at all and the 3rd week into it I lost $25,000. I was devistated. If you look closely at their performance, they do great for a while, then they lose… Read More »
I too am writing this review after having suffered a devastating 60% loss using this service. For $240 a month, you would imagine they’d have better controls for downside potential. After all, lots of loss mitigation strategies exist for vertical spreads (such as reducing short leg as delta crosses 18-20). This service trades vertical options spreads. Either a bear call or a bull put spread order is issued typically once a week. However, some weeks no trade is issued at all. On the plus side, they do publish their performance numbers on the website candidly. I have been with the… Read More »
I was there for the loss and I got three different notifications of an exit trade having been submittd to close down the position so I know that they tried to get out sooner. I turned off autotrading to see if I could exit manually a couple of times by myself and couldn’t catch it either. I turned it back on and let 5PPW handle it for me. Here’s my thing: The market DID spike 2% in one day driving the price of our spread skyhigh before prices stabilized enough to execute a trade. The only weeks that I remember… Read More »
I agree with Kennedi on this. The market was crazy last week and it moved VERY fast. I was looking at the spread prices as 5PPW sent out the trade alerts and they were jumping in 10 cent increments. By the time the order was received and submitted by the brokers, the price was above the limit price in the order. 5PPW continued to increase the price during the day but the market was moving too fast to get the orders filled. Finally, when the markets settled down, 5PPW’s order was filled and the trade was closed down. The markets… Read More »
Would like to respond to ckendal4938 and Kennedi. For one, I do not trade my entire portfolio. Regardless, it makes no difference. If you look at this service’s historical returns…you would *NOT* be making a profit when you factor in costs of the service and commissions…even if you have a great discount broker. Also, while they did try to execute trades to help stem the loss, the fact is that they moved too slowly, too indecisively, and in manner that *HURT* their customers greatly. For the price of the service, you should have had an aggressive exit move at points… Read More »
Look, Kendall and Kennedi, you can thorw all the numbers and excuses why what 5PPW sustained a 60% loss. That doesn’t help my portfolio on bit. I just started with 5PPW on autotrade because I know nothing about options trading so I thought I would let the experts take care of it. They advertise that know how to minimize losses before the fire gets too hot and they know how to how to get out before too much money is lost. I was emailing back and forth with 5PPW asking alot of questions and I finally decided to try it.… Read More »
Pretty amazing that people still defend them after 60% loss. 2% buffer is a lot of movement in one week? With weekly options, any significant gap will kill the trade, and there is NOTHING you can do about it. The comment on their website that “Losses are cut soon, and managed properly” is a complete nonsense. For weekly options, there is no such thing. If the trade goes against you, the negative gamma just kills you. Btw, did you notice a nice trick they do on their performance page? Usually the trades start with the most recent trade and go… Read More »
At Henry. Just wait until you lose 60-90% of all your money and profits in one week. It will happen if you stay with them long enough. I was with them for 3 weeks and lost $25,000. And I didn’t have all of my money invested. The issue is 5PPW adverstises that they can manage losses and get out before the fire gets too hot. Well, what happened when subscribers lost 60% of their money about a month ago. Mark my words, eventually you will cancel after you sustain a major loss. Good luck though. I suggest you take a… Read More »
Thank for all comments about this service as i am almost to join in
Now it is no more
This week is the second time in just three months that they have had a large loss, this losing trade was entered Tuesday afternoon and exited on Wednesday morning for a 16% loss. For September 2012 through November 14, 2012 their performance percentage is at -27.58% with 7 wins and 2 losses. On Thursday November 15 they entered a trade to help mitigate losses from the previous position. This position was successful for a gain of 6.38% bringing their September 2012 to November 16, 2012 percentage to -21.20%. Their average for 2012 as of November 16 close is at 52.42%… Read More »
I have been with 5percentperweek for six months now. The first thing I noticed is, they do not report accurate returns. They will publish a trade that will not get filled and report that as a winning trade. I use think or swim, so I know if they cant fill it them most others cant. They do not give reports on why they are selling a put or a call. You never know what they are thinking. I really believe they do not have a fundemential reason on why they trade they way they do. You will take huge losses… Read More »
I looked at the 5PercentPerMonth published performance record. It’s all there. They do mostly credit spreads with some iron condors. They have a lot of small gains but the big losses more than wipe out all the small gains. I’ve decided not even to try them with simulated trades using TOS.
–Trader Jack
They lie they refuse to post their 95% loss in late dec 2016 and then again jan 2017 despite my multiple emails to post it in their performance page
At a 20:1 risk to reward ration there is no way this service can make money please think twice before signing for their 239$ /month fee too.
Even if they lose 1 trade in 20 it has wiped out money made in 20 trades
5ppweek, down over %60, they are totally negligent, avoid them like the plague. They advertise a trader per week. Got a trade maybe 1 or 2 per month and when they did they were mostly disasters. I asked them for a half refund because of the false advertising, as they do not do a trade per week whereas you may be able to make the losses back. They just totally ignored my request.
I’ve been with 5PPW since March and I can confirm that all the trades posted on their site since then are accurate. Of the 8 months I’ve been with them, they have had a trade each week. Out of all these trades, they only had one that lost and that happened in August. The returns they publish are accurate and the returns are great!
The performance of this service is phenomenal! The traders are very patient and hold times for the trades are very short. Maybe 2-3 days. This reduces risk greatly. Sometimes the market is too risky and they sit out a week. Some may get upset about that since it is “5 percent per week” but I look at it as a break even for the week. That’s better than a loss, that’s for sure!
Be careful! They DO NOT disclose their worst trades. I have experienced losses of 80% on one recent trade, and they conveniently have not listed this trade. Very deceptive and unethical.
Agree. I learnt it the hard way. I concur that they send summaries with half truths – dangerous. I have lost my hard earned money to these scamsters. Gave them the flexibility for 2 months (overall 10 trades – 3 trades +ve, 5 trades with a huge loss, 2 trades not taken due to the broker not acting quickly) given the market gyrations, however, never felt comfortable – always a convenient excuse (a broker issue that the broker did not place a trade or close out the trade, or the market taking a turn, or the market turned too fast… Read More »