Publisher
5 Percent Per Week
Description
Short term spread-trading system for options.
Overall Rating
Rating: 4.5/5. From 82 votes.
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4.6
Rating from 302 votes
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Investment Performance
Rating from 75 votes
Rating: 4.6/5. From 75 votes.
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- 5 Stars 64 Votes
- 4 Stars 3 Votes
- 3 Stars 2 Votes
- 2 Stars 0 Votes
- 1 Stars 6 Votes
Quality Of Writing/Analysis
Rating from 73 votes
Rating: 4.5/5. From 73 votes.
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- 5 Stars 63 Votes
- 4 Stars 0 Votes
- 3 Stars 3 Votes
- 2 Stars 1 Votes
- 1 Stars 6 Votes
Value For Price
Rating from 72 votes
Rating: 4.6/5. From 72 votes.
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- 5 Stars 64 Votes
- 4 Stars 0 Votes
- 3 Stars 1 Votes
- 2 Stars 2 Votes
- 1 Stars 5 Votes
Customer Service
Rating from 82 votes
Rating: 4.5/5. From 82 votes.
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- 5 Stars 68 Votes
- 4 Stars 3 Votes
- 3 Stars 4 Votes
- 2 Stars 1 Votes
- 1 Stars 6 Votes
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 it all in one hit. And this seems to be rather consistent. I do not see that much of profit over time. I was going to invest alot more, but I think I will cancel 5PPW and stay with 10PPM. They have the ability to get out fast because they do 3 trades a month. Lessonlearned. I would be very careful with 5PPW. It’s very risky.
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 service about 8 months and I have not generated a gain when you factor in commissions and fees for the service itself. The fundamental truth is that you generate small returns with high probability of success, but when there is a loss, it wipes out months of gains if not a entire years worth of gains as what happened this week. If you look at the track record, large losses always occur. Truth of the matter is *ANYONE* can pick high probability spreads…the trick is to be able to pick market direction. Thats why we pay $240 a month for this…and these guys aren’t cutting it. Avoid until they can prove that they have a better loss mitigation strategy and can consistently predict the market direction.