Description
Investment education and trading systems for active day and swing traders in the Forex, Futures, Stock, and Options markets.
Overall Rating
Rating: 2.6/5. From 23 votes.
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2.0
Rating from 93 votes
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Rating: 2.6/5. From 23 votes.
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Many systems ago it “is the last one you will ever need” and “you will always receive free updates”. However, they just create new systems and indicators with a brand new price tag, saying they all are entirely different and the last one being sold is the last you will ever need. They can market their wares on a level that up there with the best. Who needs to trade when you can repackage and resell. Over 20 years and still at it. “A fool and his money are soon parted” —like me.
Yes, indeed! Randy, I was suckered into their Spotlight option trading service and it is the worse trading I have ever seen. I now know why they offer a NO REFUND POLICY! You got them pegged correctly, they optimize a system and as soon as you sign up, it quits working so they just rinse and repeat. Buyer be warned! He are stats from last 36 trades–19 wins & 17 losses (mostly credit spreads) avg win $71 and avg loss $142 (ass backwards) for 1 contract and a LOSS of $1048 + comm. If you want to burn your money, go with any NetPicks Service.
I bought into their NASDAQ super stars service, must admit I liked the promo and felt comfortable with the video presentation , it wasn’t a high pitched sell just here is what we do and here is our results etc etc.
So USD 999 later i have access to the site. I started looking at the various sections of the site and noticed a downloadable xls file showing their 2019 performance list .
Interestingly its cut two ways i) if you had of invested in one option only of their recommendation and ii) if you had of invested $500 into each of their recommendations.
At the start of 2019 their win rate was very good with high percentage returns… as the year drew on two things happened i) their win rate rapidly decreased and the average return on each win plummeted.. almost reading into this desperation creeping in as their loss % per trade seemed to increase as well ,indicating bad option choice or holding it too long.
Basically out of 111 trades for 2019 29 are losers and the losers average loss is 62% while the winners is 43% loss. Average return across all their trades comes out at 13%… but remember from that is about 111 trades or so brokers fees depending on who are you with have to come out of that .
So not much better than a good ETF but allot more work and of course a $999 fee upfront
Refund was only available within 3 days of purchase so being within that period I contacted them and explained that this was different from what there promos portrayed and would like refund. Got an answer back overnight that hey were sorry about this and they would process the full refund….. haven’t seen it yet and will check CC statement towards XMAS time but can say I was disappointed at this as Im normally pretty skeptical about any of these services but something about these guys made me feel very comfortable to go ahead.
Interestingly if you looked at their March/ April 19 performance there were 17 recommended trades only 1 loser and average return 74% not bad….. contrast that to June/ July of which there were 27 trades and a average gain of 6% .
If you had if invested in one option only of each of their recommendations you would after 111 trades had invested close to 15K and made $890 which of course brokerage costs would have to be deducted from .
Would love to find an option guidance house that has a high success rate >80% and a average return of 50% or greater …will look for this later today however I’v e just seen a rainbow outside and Im off to follow it and get the pot of gold at its end.
Hi Monty, did you manage to find a good option guidance house with a high success rate? I am looking for that too
A good place to get assistance with options trading is dansheridanmentoring.com
I can confirm that 8 moths after your post, the profitability of the NOS went down the drain. I joined in July, 2019 and saw that nice uptick in the profitability. Everything changed at the time you noticed in the tracking sheet. Btw, the tracking sheet doesn’t include all the trades. I tried to get the answer why some trades are not included and never got a straight answer.
It’s been really a very disappointed experience.
Advise to anyone, who uses their NOS, EOS or SOS (current Option trade alert services) – keep a copy of every email alert and download the Tracking spreadsheet every day. It will matter if you decide to cancel and ask for the refund based on the profitability of the service.
These guys have continued to get away with their scamming ways for too long. I intend to save one more person from falling victim of their scamming ways
I also became a victim. I want to stop one more person from falling victim. Check reviews of woes at http://www.forexpeacearmy.com.
These are snake oil sales men
Snake oil sales men. RUN!!!!! History of woes dating back over 13 years. Same fraud but continuous changing strategies. Check reviews of Traders woes about netpicks. Www,forexpeacearmy.com
I hope I can save one more person from falling victim of these bold face fraudsters
Any current reviews?? November 2020
I research Netpicks overnight “Pop” options service during the 2nd week of July 2022. On the plus side, I did exchange several emails with Eric, and he was very responsive. They had a special for a little less than 1K for two years with three to six options opportunities per week. Buy the option at about 3:45 and sell the next day at the open, which is the expiration day for the option. They are using a credit spreads. They claim a > 80% win rate and will provide a list of past trades. Furthermore, they also give you money back performance guarantee. Hell, this is a freaking money machine, so sign me up– RED FLAG. I also thought this was a good way for me to work with options, since I have limited experience with them. So, I looked at their “performance guarantee”. It basically says you have to take all their trades and if you don’t make 100% over the 60 days you can “request a refund”. Spoiler Alert!
So, I emailed Eric and asked for a prorated satisfaction guarantee. I don’t see me spending thousands of dollars to discover their service is s**t to qualify for a refund. Of course, in the back of my head, their service just seemed to be too good to be true. The way they put it, it’s a money machine that can be scaled up, so I am thinking move-over Bill Gates in the billionaire club. Well, Eric then started to weasel out of selling me their service. He claimed the service would not work for me because I would need level 3 options capability. Since I have traded options and am a high wealth client of my brokerage firm, I don’t think whatever level three would be a problem. This was never discussed in their advertisement. Eventually, Eric refused to change the guarantee. It falls into the category “Too Good To Be True” or better known as a scam.
A most excellent review and my compliments! Well defined and explained and documented. I thank you for taking the time to post and yes, I do wish more people would be able to see such reviews before signing up. A 1.9 rating is a bit generous
Sadly I didn’t know about this site until just now.
I contacted Netpicks today to cancel my subscription to their Overnight Options program. I asked for a refund or to cancel my subscription (which I bought in September) because I don’t want to forget about it and pay for another year. I figured it was much too late to receive a refund, but it doesn’t hurt to ask.
I sent them a screenshot of my trades following their program. Now, I didn’t follow their rec’s exactly because I’m a busy person and not always near my email for an alert half an hour before the market closes, but the trades I did do before I got disgusted with the returns ended up netting me negative $2600 and a lot more prep work for my taxes. Also, I soon realized that I have better ways to invest then to bet on whether the market would be up or down the next morning in the middle of coronavirus and Ukraine wars.
Still: the response to my last email was this: “Those overnight bets would have more than doubled your investment since you joined. With an 80% win rate over 250 trades there is more than luck involved. You can’t maintain an 80% win rate over 250 trades based on luck. The bottom line is the numbers back up everything that we do. You not trusting it has cost you thousands of dollars of profit. So please note the system did exactly what we need it to do. You not making money with it had nothing to do with the system not working. It had everything to do with you deciding not to use it properly. That is a choice that you have to make on your end. Good luck with your trading. We hope you find what you are looking for.”
Will not be purchasing from them again.
Very well explained ‘contract’ thinking on NetPicks part and thank you for taking the time to post. The overnight pops are very tricky time-wise
I research Netpicks overnight “Pop” options service during the 2nd week of July 2022. On the plus side, I did exchange several emails with Eric, and he was very responsive. They had a special for a little less than 1K for two years with three to six options opportunities per week. Buy the option at about 3:45 and sell the next day at the open, which is the expiration day for the option. They are using a credit spreads. They claim a > 80% win rate and will provide a list of past trades. Furthermore, they also give you money back performance guarantee. Hell, this is a freaking money machine, so sign me up– RED FLAG. I also thought this was a good way for me to work with options, since I have limited experience with them. So, I looked at their “performance guarantee”. It basically says you have to take all their trades and if you don’t make 100% over the 60 days you can “request a refund”. Spoiler Alert!
So, I emailed Eric and asked for a prorated satisfaction guarantee. I don’t see me spending thousands of dollars to discover their service is shit to qualify for a refund. Of course, in the back of my head, their service just seemed to be too good to be true. The way they put it, it’s a money machine that can be scaled up, so I am thinking move-over Bill Gates in the billionaire club. Well, Eric then started to weasel out of selling me their service. He claimed the service would not work for me because I would need level 3 options capability. Since I have traded options and am a high wealth client of my brokerage firm, I don’t think whatever level three would be a problem. This was never discussed in their advertisement. Eventually, Eric refused to change the guarantee. It falls into the category “Too Good To Be True” or better known as a scam.