Overall Rating
Rating: 4.5/5. From 152 votes.
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4.6
Rating from 576 votes
If you’ve subscribed to 5 Percent Per Week, please click the stars below to indicate your rating for this newsletter, and please share any other feedback about your experience using the comment box below.
Investment Performance
Rating from 147 votes
Rating: 4.5/5. From 147 votes.
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- 5 Stars 124 Votes
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- 1 Stars 15 Votes
Quality Of Writing/Analysis
Rating from 140 votes
Rating: 4.6/5. From 140 votes.
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- 5 Stars 122 Votes
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Value For Price
Rating from 137 votes
Rating: 4.6/5. From 137 votes.
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- 5 Stars 122 Votes
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Customer Service
Rating from 152 votes
Rating: 4.5/5. From 152 votes.
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- 5 Stars 128 Votes
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5 Percent Per Week
This service sell credit spreads on weekly options. It is run by the same people who run the 10percentpermonth.
Unfortunately most people don’t realize how dangerous and unprofessional those guys are. On 10percentpermonth, they had few 70-90% losses. In November 2008 they placed 100% of the portfolio in OTM debit RUT spread. They have no clue about risk management.
5percentperweek is even more dangerous. Selling weekly condors 3-4 days to expiration and getting 5-6% every week gives you false sense of safety. When the market makes a move, you have no time to adjust and 70-90% loss is almost inevitable.
Someone on pro-trading-profits gave the service a 10 rating calling it “extremely professional”, but few weeks later changed the rating to 1 after losing 95% of his trading account. Someone else mentioned that “They manage trades very well” not realizing that weekly condors is virtually impossible to manage in most cases.
The problem is that those types of services make a very bad reputation to the whole strategy. The strategy is actually very good, but you have to manage it properly. If you trade it without slight understanding of risk management, the results will be very poor.
Stay away from 5percentperweek and 10percentpermonth.
These guys told me in an email they were sorry for losing 75.16% of your hard earned money in the last week of November,2010. Now we have implemented a new system where we will use stop losses from now on. Can you imagine these guys did not use stop losses!. I canceled the service and I noticed the last week in Dec 2010 they lost another 9.6%. Stay clear of these clowns.
The above poster mentions that they posted a 9.6% loss. I was with the service at the time. That number is deceiving. That loss consists of two trades. The first was a loss of 24%. The second was a 5% gain. They combined these two.
I was also with them for the 75% loss during the last week in November. They had also assured me, before I subscribed, that they had made changes to prevent large losses such I the one I saw in their sister company, 10 Percent per Month, the previous May.
Ouch!
Did not deliver what they has promise. Very bad risk management…
Bad service….did not deliver… Lost all my money..
Here’s my thing, I subscribed right before their first sizeable loss and weathered their second large loss almost six months later. Sure, i was sour after those losses and while I wankt happy about the losses, I understand what happened for each occurence. I am very glad that I listened to their advice and not invest 100% in any of their trades for the simple fact that trading options is risky enough, and to be able to make it through some rough patches and not compound my problems, I try to make sure that I have enough capital to make a comeback. They trade in weekly options with little margin for error and just as much room for corrective measures so if your risk tolerance is low, stick to your 401K.
I was doing well for 6 months, until I lost all my money. The system is flawed. risk all the money you put in to gain 5%. There is no money management, they didnt do what they said.
You have better gots in vegas, risk 100% to gain 100%
These clowns are absolute amateurs. They don’t have a clue how to manage a trade that goes against them. Their strategy is simplistic – wait for a decent move in the market and either sell a bear call spread with an upward move or a bull put spread with a downward move. That is the extent of their research for each trade. When they GUESS wrong, they get absolutely clobbered while they sit like a deer in the headlights wiping out the all previous gains and then some. Stay away from these fools.
sorry for the multiple postings…forgot the well-deserved ratings!!!
who can furnish to me the website to contact the “5 Percent Per Week” folks?
I joined the service to give it a try for a few months. I am a member of two other services and these guys have much better returns for the same risk. They don’t have contracts so you can cancel at any time. Good service for the money, in my opinion.
@ charles uray, jr. – umm… seriously? You can’t find the website for 5 Percent Per Week? Have you tried 5PercentPerWeek.com ? Google at your fingertips, and yet…
Get off the fence people! These guys got us another 5.26% this week. I have been a member for over a year trading some “gambling” money I had stashed. Now I will opening an account next week and bringing over my retirement to autotrade what these guys recommend. I am taking control of my future and not waiting around for social security or handouts from the 1%-ers. Go 5PPW!
The service is on a really good run right now and I don’t see them losing steam anytime soon. I like their trade management philosophy as it has translated over to some nice returns for my account. I would, and have, recommend this service to everyone looking for some great income generating opportunities.
I am very happy with the service. The. ir win streak is impressive and they are very helpful but I am staying cautious just because I have lost a lot of money with other services. So far I have made over 30% return on my investment capital in just over 3 months. I take profits off the table after
5percentperweek.com has my loyalty so long as they keep showing me the money!
I am surprised to see the great reviews and hope everyone does well. I took a serious look after reading your reviews and almost bit. The 2010 and 2011 performance shows a complete wipe out in each of those years,Look for yourselves. If they have done something that eliminates those huge loss’s I would love to hear about it. If not beware!
I think that it goes without saying that you always have to be wary of all of these services, but let’s be fair…that advice is applicable NO MATTER WHAT TYPE OF INVESTMENT YOU ARE LOOKING TO GET INTO.
I also took a long look at their performance page to make sure I was making the right choice. I communicated with other services at the same time asking them about their losses. In explaining their services, the other newsletters seemed to come across as, “Eh, deal with it”. 5PercentPerWeek, however, provided thoughtful insight into their biggest losses. I communicated with them for over a month before signing on asking about their past trades, the losses, and corrections they had made to their trade management to cut those losses quicker. They actively manage their positions and are very responsive to messages even at the most critical times when trades are being executed. They answered all my questions to my satisfaction and then gave me a two-month trial period for only $149.00 per month. Well worth my money for what I returned and is still my best investment to this day. Look at it this way people, you can sit on the fence or you can start investing. I chose the latter and making money for sure, but I did my homework first.
The 5Percent traders once again proved their commitment to preserving my trading capital and I, for one, was a very happy camper to see that, to say the least.
Our XEO Put spread that we sold for $.25 on Tuesday was painfully at risk that at one point we were only $2.00 out of the money with 3 hours still left to trade. Our spread price was only a nickel so we were nowhere near our exit trigger point to suggest that we close down our position. What they saw was the potential for a late day sell-off that could potentially end up putting our position deep in the money for a huge loss. We got out for $.10 and still made over 3% for the trade after holding it for only two days! We didn’t hit our target of 5%, but I am happy to take what I can get the way the markets are trading right now.
The good news is that my IRA is steadily growing – the bitter-sweet news is that I will be opening up another autotrading account to use to generate some income I need for paying bills…GO 5PPW!
i wish I had more money to shove into my account so I could make even more money. They tell me NOT to invest everything i have into the trades but I cannot help it. I need to make as much as I can. So far, i’ve made over $10,000.00 trading their recommendations!
I’ll make this short and sweet, 5PercentPerWeek is one of the best services out there! Their on a 16 trade win streak. At 5% each week, after commissions, that’s about a 50% simple return in 4 months! Their in a league of their own!