Author/Editor
Larry Benedict
Publisher
Omnia Research
Description
Trading tips from Larry Benedict, focused on day trading.
Overall Rating
Rating: 1.8/5. From 14 votes.
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1.3
Rating from 57 votes
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Investment Performance
Rating from 16 votes
Rating: 1.1/5. From 16 votes.
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Quality Of Writing/Analysis
Rating from 14 votes
Rating: 1.1/5. From 14 votes.
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Value For Price
Rating from 13 votes
Rating: 1.2/5. From 13 votes.
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Customer Service
Rating from 14 votes
Rating: 1.8/5. From 14 votes.
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For more information, you can read a previous discussion about this newsletter on our site.
I have taken a subscription to Larry Benedict’s Opportunistic Trader. It costs almost nothing and that is what its worth. With all the hype about what a great trader he is he totally missed the biggest quickest late 2023 rally in the markets by being long QQQ puts, basically betting that the market will go down big. At a time I subscribed he closed out the downside bet at a total loss and recommended an other bearish bet buying QQQ puts again. This trade did not work out and the market did not back off so he advised closing the trade at a small loss. On January 9 he advised again to buy QQQ puts for a bearish directional trade for the 3rd time in a row. This way of trading is totally the opposite of trading mastery that his promotionals promise. Larry Benedict may have been a star hedge fund manager at some point but he lost his ability to operate properly. With the huge subscription revenues they are collecting they should hire a few competent people to trade for them.
Btw I have been trading since the late sixties, including as an independent trader in NY trading commodities and listed options on the floors and once in a while I sample advisors to see how they operate . The trend seems to be to offer super cheap basic subscriptions and upsell and cross market. Lately Jeff Clark trader and Dr Joe Duarte are two services that I sampled that are what I see offering useful and timely advice. New wave of scams are heading our way, TadeSmith is offering an AI based service, the operators are investors perhaps and not traders and the recommendations and results are laughable. Maybe it is the old GIGO.
Did anyone receive the Bitcoin Skimming Blueprint?