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allbgoog
allbgoog
January 20, 2016 2:04 pm

although very successful trading with excellent returns, most of the options were high priced at over $8, sometimes over $12, which required too much of my capital

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Ronald Emshoff
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Ronald Emshoff
March 8, 2018 6:42 am
Reply to  allbgoog

That is a really dumb statement to make. They recommend buying at the money calls and puts on popular, liquid, higher priced stocks because that is where the best chance of success and the best chance of profit lies. If ATM options are too rich for you, then buy out of the money options at a lessor price. Dont condemn anyone for recommending higher priced stocks or options. If you cant afford a Ferrari – then simple – dont buy one, go another show room, but dont condemn Ferrari for being a good car but too expensive for you.

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Julie
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Julie
June 16, 2018 3:54 pm
Reply to  Ronald Emshoff

I dedicated a small ($20k) account to try them out. I do not trade 10 contracts as they suggest, but usually 1 or 2, thus keeping each trade at about 5% or less of the total account value. Since January I have done very well, but, so has the overall market. Just my 2 cents!

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rfolgate
Member
rfolgate
June 21, 2018 8:21 am
Reply to  Julie

If the market is not doing well i guess you could manually get out of a trade that is moving down, They dont use stops and then they lose too much. Some days in my emails they say they dnt trade which is good because some times you should not trade

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Julie
Guest
Julie
August 26, 2018 9:47 pm
Reply to  rfolgate

That is my biggest issue with them, no exit strategy. I do not follow their trades precisely, but as guidelines. They seem to have an ‘all or none’ outlook. I tend to use spreads rather than outright positions, which has worked out very well. If one of their recommendations tanks, I’m not out much.

jnksak
August 27, 2018 2:13 pm
Reply to  Julie

Julie, I would love to talk to you live 856-906-7463. I used them last july for 1 year and auto traded them so I could not get involved and I lost 23000 in the first 2 months. Maybe they have changed but I would like to know how you are using them successfully.

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rfolgate
Member
rfolgate
August 27, 2018 2:47 pm
Reply to  jnksak

I think they changed starting in 1/18 it depends on the conditions in the stockarket. Did you autotrade with Global using Interactive Brokers?
I have been watching their trades very closely. They did not report the week of August 6 to 10 as they had a loss on one contract of 1700.00. That is upsetting as they are not entirely transparent. Last week I made 2200 on one contract.

I’ll have to look at the month of August to get a better picture
So far I am ahead of the game but if I start getting behind I will liquidate and quit as I don’t like it that they did not report the loss in the first week of August. It will mean I can’t trust them.

Julie
Guest
Julie
August 31, 2018 10:14 am
Reply to  rfolgate

Did they not report it to us (subscribers) or just not in their weekly roundup emails aimed at selling their service? I know there was a couple weeks where subscriptions got extended due to so many losses. I don’t track all their recommendations 100% because it’s just a sort of side experiment I don’t have a lot of time for, and I don’t know what their criteria for trades is, which I’m not real comfortable about. I mostly use Theo trade guidelines for various systems (they don’t give any specific recommendations the way PFS does).

rfolgate
Member
rfolgate
October 13, 2018 1:51 pm
Reply to  Julie

PFS is not totally honest. They don’t report there losing weeks. On a losing
week they just lump several months together or they go over their last guaters results or yearly results Its ok I still love their picks.

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Julie
Guest
Julie
October 14, 2018 5:26 am
Reply to  rfolgate

My experience (as a subscriber) is that they are honest about the losses, and admit it was a bad week, and extend subscriptions. But if you are not a subscriber they gloss over the bad weeks as you described, which does not impress me. I actually called them out on that recently (they never replied to my email) as they were bragging about being up x amount for the year, when in fact they had been up much higher in April. Even with last week’s $60k profit they are still well below the end of March numbers, so a lot has been lost too. The ‘all or nothing’ approach is too often their downfall.

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rfolgate
Member
rfolgate
October 14, 2018 4:00 pm
Reply to  Julie

I am a subscriber. You have to be a subscriber to autotrade . They don”t lie but they don”t report losing weeks .Check their website. They made 60K last week but for many weeks they lost. I lost plenty auto trading with them but Ill make it back by using your method Julie. With them some weeks you just don’t trade or you do just a few picks.
I get your spread strategy on puts. Does it work on their calls?
I figure by demo trading awhile I will see what works with them and what doesn’t.
I can put one of their trades on TOS demo and if it moves correctly I can quickly switch to a real money account.
You have to be real careful with these boys PFS but you can make money if you trade carefully and like Julie says check out the chart and i will check each trade with Yahoo Finance.

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Julie
Guest
Julie
December 2, 2018 6:53 pm
Reply to  rfolgate

Spreads work with calls or puts equally well. I usually setup a spread at least 2 standard strikes apart, so if the strikes are $1 apart mine are $2, if they are $2.50 apart mine are $5. I try to neutralize gamma by buying to straddle whatever atm is.

Giorgio
Guest
Giorgio
December 8, 2018 9:57 am
Reply to  Julie

Julie

What are yours gains for this year ?

rfolgate
Member
rfolgate
January 2, 2019 9:26 am
Reply to  Giorgio

I’m down with PFS because of Autotrading. DON”T AUTO-TRADE WITH THESE FOLKS.They have good weeks which they report but they have losing weeks which they just lump into a quarterly report which makes it look like they made money. They are very tricky. I did learn that there best trade is AMZN. I trade it on the shortest option date available and on paper trading with 10 contracts I made as much as 25k in one day, The only good pick from PFS is when they do a morning pick on GOOG,AMZN or BKNG. Their afternoon picks at 3:45pm are iffy. I would not go to the next day. You can make small amounts in 15 minutes. I expect to make back the money I lost early this year.

Since i haven’t traded options in 10 years ‘im a bit rusty but I am slowly getting the hang of it again. I took the FANG bits newsletter and combined their trading with PFS and so far it looks extremely profitably.

I have to wait until the year progresses and trading gets back to normal and the big money gets back into the market before I trade in real money. I dont need to resubscribe to PFS newsletter as I learned their secrets and I can do it better myself. The same thing applies to the FANG Newsletter.

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Julie
Guest
Julie
January 2, 2019 12:34 pm
Reply to  rfolgate

Usually their afternoon picks are cheaper in the morning, if for no other reason than theta decay. Sometimes (like today) their morning picks are 180 degrees wrong. They do not seem to understand the volatility in the market right now, lots of bad or lame picks and lots of missed opportunities.
I made money on their picks last year, but not sure how much of that was also my own tweaking of their picks plus ignoring quite a few.
Marc- I trade short term, so I rarely go out farther than 2 weeks for my swing trades (what PFS is). That may work in some cases, but a lot of their trades are several thousand for even 1 contract, which is more loss than I want to risk, so I stick to the spreads. That way I can never lose more than $500 per contract and usually double my $ on the good picks.
Giorgio- understand that I trade a lot more than just PFS picks, but for the year I was up just under 250%. I was up almost 300% but dec 25 rally caught me off guard. By the time i realized it was going to rise big and switched gears I had lost a bit. Was a much better year than those with 401k tied to indexes though!

rfolgate
Member
rfolgate
January 2, 2019 2:47 pm
Reply to  Julie

Your the best Julie I wish I could pay you to trade my money. In paper trading AMZN not listening to PFS I made like 500

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tanglewood
January 2, 2019 3:47 pm
Reply to  Julie

Hi Julie, Wow 250%! Can you give us a sample of some of your current option spreads (you can omit the number of contracts). Do you do some of those other option techniques like ‘bull call spreads’ ‘calendar spreads’ ‘butterflies’ ‘condors’? Are you a full time trader?

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Julie
Guest
Julie
January 2, 2019 4:26 pm
Reply to  tanglewood

I would say 70% of what I do is basic debit spreads- bull calls and bear puts. I generally create the spread at the money or just above for calls, just below for puts. For $ .50 and $1 increment options I usually do a $2 wide spread, for $2.5 increment I will spread $5. I try to pay half the width or less and sell for 95% of the width. So I will buy a $5 spread for less than $2.50 and plan to sell for $4.75.
Today amzn started moving up and I used $10 wide, $1510×1520 calls. I don’t usually do $10 spreads but when I think something is going to move a lot and fast I will. I bought them for under $5 so that’s max risk- $500 per contract. I also put in a gtc sell order as soon as I buy. For that amzn spread I put my sell at $8 since it’s only 2 days left. Normally I’d go for at least $9. Amzn is volatile so the bid ask is always wide, fills can be random.
The other 30% of my trading is selling puts, selling covered calls against leaps or stock, and credit spreads.
Yes, I trade for a living but I also have income from rentals, trading is more a profitable hobby. Last year was exceptional.

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tanglewood
Guest
tanglewood
January 2, 2019 9:03 pm
Reply to  Julie

Thanks, Julie

tanglewood
January 2, 2019 5:36 pm
Reply to  tanglewood

Sorry Julie, I looked back at your previous comments and you answered those questions. Now, I have a new question. I have never done spreads but how do make sure those trades are paired if you are putting in limit orders?

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Julie
Guest
Julie
January 2, 2019 10:54 pm
Reply to  tanglewood

When you are in the option chain, Open the box that says ‘Chain type’ and click on whatever combination you want to trade. You can change the width of the spread with the default box. At least that’s how Ameritrade is set up. Think or swim is easier. Just make sure to look at the trade before you place it. You want to be buying to open and selling to open the same number of contracts for a debit. When you close the trade you are selling to close and buying to close for a credit. (The reverse of all that would create a credit spread, which is a whole different animal).
There’s tutorials on every brokers website. Spend some time getting familiar with what to do. Easy to mess up in the heat of the moment. Always good to have a scratch pad with notes! Good luck!

tanglewood
Guest
tanglewood
January 3, 2019 4:49 pm
Reply to  Julie

Ok Thanks Julie; I thought you had to pair the trade as separate transactions yourself and that’s why I mentioned how they could get out of sync with limit orders.
Funny thing happened to me yesterday, I had a day order in for CELG $85 calls with a 1/15/2021 expiration limit bid at $7.00 but it expired. Bummer!

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SillyRabbit
January 8, 2019 10:21 am
Reply to  Julie

I’m considering signing up for PFS, and am evaluating their services vs. skyviewtrading. I’m very new to options trading, am studying everyday before I enroll in their services, and so much of the options terminology is confusing even in your explanations. I’m going through extensive youtube videos and other reading materials.

I hate to consume much of your time. But…
– Do you have a recommendation for virtual options trading? where one can practice strategies.
– and humbly asking, may I add you on your preferred chat/social media platform, and perhaps just learn from your trading activities, and I won’t be intrusive with questions.

My Reddit handle is Silly_Raddlt .

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Julie
Guest
Julie
January 8, 2019 12:36 pm
Reply to  SillyRabbit

Think or Swim allows you to trade simulated (SIM) once you have an account. The platform is VERY comprehensive so it can seem overwhelming but worth getting to know your way around, it is by far the best imo.
I do not participate in any chat or social media, I see them as time wasters. Some people need that peer group support but I find it distracting. If you do like that sort of thing, check out Theo trade or Tasty trade. Both are run by people who created Think or Swim, so it all connects well. Lots of education plus chat rooms. There’s probably others too, but I can recommend both of those as all business, no fluff no bs. They aren’t selling anything but their knowledge, and they know literally everything!
Lastly, with options it can get as complicated as you want it to, so in the beginning keep it as simple as possible. Just focus on how calls and puts work, and learn what delta and theta mean and how they affect price action. And most importantly, learn how volatility affects the value of an option, because it works on calls differently than puts (it’s easier to make money being bearish than bullish). If you don’t realize that, you will lose money and be scratching your head because the trade seemed logical.
Sorry for the long post.
Good luck in your trading!

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SillyRabbit
January 8, 2019 3:45 pm
Reply to  Julie

Loving the long post… Thank you for your input and I will look into all of your suggested resources. Thanks a bunch. I actually only follow /weedstocks on reddit, and nothing else. Right now, even calls/puts seem confusing taking into consideration in the money/at the money/out of the money strategies. *humbly speaking* my thought of following you on some platform of social media/chat was simply to study your trading strategies and then dive deeper and study on my own what exactly your trades did, I guess observe and deconstruct was my thought.

As you had mentioned in your previous posts, that you had to tweak most of the recommendations from PFS, these tweaks are intriguing and hopefully I can ping you in due time once the learning curve comes down a bit.

Again, thank you for all of your insight, will continue to study. Perhaps we can exchange email? do you do email? heehee

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Marc
Guest
Marc
January 1, 2019 7:05 pm
Reply to  Julie

Hi Julie, has one ever tried to play the next weeks options so when this becomes a looser, it would not be as bad?????

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Jeff Abrams
Member
Jeff Abrams
January 2, 2019 8:56 am
Reply to  Marc

Marc,

I have done exactly that in some cases.
It can minimize the blow if things go south on you, and allow you to recover with a bigger piece of your shirt if so decided.

If the trade is a winner, you of course aren’t likely to do as well on the gain, but essentially it’s a gentler way to play these trades until you are comfortable jumping in with both feet.

Important no matter what you do, to not Overbet your account on these trades.
If PFS has 2-3 weeks in a row of not good luck, you could have wiped out your whole account.

I LOVE PFS !!!!!!!

rfolgate
Member
rfolgate
October 15, 2018 10:09 am
Reply to  Julie

For instance they reported a 212K gain from Jan 2018 to the end of July. Then on September they reported a gain from Jan2018 to the end of September of 102K. So they lost 100K up to September. When they lose they will report a gain to date to obscure their loses. If they were entirely honest they would report every weeks losses or gains.

They do it for sales purposes. I don”t really care as I see by demoing that they made 62K in one week which is great. the trick is to go with their trades when they win. You need a volatile market like last week..

Julie
Guest
Julie
August 31, 2018 10:00 am
Reply to  jnksak

Jnksak- If you read all of my comments here you can get a good picture of how I use them. The priority in trading is to minimize losses. I use debit spreads to do that. If PFS says buy xyz $30 puts for $2, I will trade, say, a $30×28 debit spread that costs $1. If they are correct and if it drops below $28 I double my money, if they are wrong I only lose $1. If TA doesn’t support the trade, I don’t make it. Sometimes I miss a good trade that way, but it’s kept me out of some losers too. I live by TA, fundamentals are too unpredictable. Some PFS trades seem impossible to get into without autotrade. The b/a spreads are too wide. Or maybe they are hypothetical trades.

Steven Kalodner
Guest
Steven Kalodner
August 31, 2018 10:19 am
Reply to  Julie

Julie, You seem to know what you are doing and curious who else you use and what you do. I would love to connect with you and trade some thoughts.

rfolgate
Member
rfolgate
October 13, 2018 1:41 pm
Reply to  Julie

Could you explain in a little more detail your typical debit spread on a PFS pick

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rfolgate
Member
rfolgate
October 13, 2018 1:46 pm
Reply to  Julie

Greetings Julie from Boca Raton Florida I should pay you too trade PFS’s trades for me. I have the time on my smart phone to manually trade their picks but it would be nice to have somebody who sits in front of a monitor during the trading day.

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rfolgate
Member
rfolgate
October 13, 2018 1:37 pm
Reply to  Julie

Could you explain your spread strategy with PFS. I consider you the expert on PFS trading. It would be very helpful to us traders. You said you only paid 1 dollar for one spread. I haven’t traded since 2008 when Iozt a good chunk of money so I am a bit rusty but I’m catching up slowly

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Julie
Guest
Julie
October 14, 2018 5:07 am
Reply to  rfolgate

I explained it in an earlier comment. You need to study how spreads work, both debit and credit. Whatever option PFS suggests, (IF I buy that particular strike or even a different one) I still create a spread by selling the next strike higher (calls) or lower (puts). The cost of the spread needs to be 50% or less of the potential profit. That way you are always doubling your money if it goes past the further out strike. The recommendations they make that work, almost always go way past the strike they suggest. So as long as they are correct more than half the time (they are, overall), you make more than you lose (but lose any profit beyond the short strike you sold). They did very well last week and I missed all of their trades, as I was too busy buying puts and selling credit spread calls, which also did quite well.
I would strongly suggest you learn how spreads work, it’s one of the easiest and lowest risk ways to profit once you get the hang of it. Also the easiest way to repair a bad trade and turn it into a good one. Twice last week I had long call trades go against me when the Dow dropped, but made good money by switching the debit spread to a credit spread. Calendar spreads work well too, similar to covered calls but without the risk/expense of owning shares.
Sorry for the long post!

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rfolgate
Member
rfolgate
June 21, 2018 8:18 am
Reply to  allbgoog

The options are cheaper than buying the stock

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jxb2016
Member
jxb2016
April 2, 2016 3:57 pm

Predictive Financial Services review

Avoid trading with Predictive Financial Services at all costs, if you proceed with their trade recommendations paper trade only, you will see firsthand how reckless this outfit is after a few trades.
Here’s a typical trade from last week.

AMZN PUT trade, in less than a week runs 50 points to the upside (100% loss). Their primary strategy is buy high sell low.
+ Huge losses with GOOG,LNKD, CMG, BIDU.

Multiple big losers trades all in a row, these trades are reckless and all within a 2 week timeframe. It’s going to take me months to recover what I lost with Predictive in 2 weeks. No response to my emails either. Their track record listed on the website is a lie and is deceptive advertising.

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Ronald Emshoff
Guest
Ronald Emshoff
March 7, 2018 9:25 pm
Reply to  jxb2016

I have followed them on and off for over 2 years. I dont think you know what they are doing. They are just doing what every guru and trader does. They are trying to predict the direction of popular stocks in the market. Tell me how this differs from any other guru or trader. Yes their strategy is let losers run to 100% loss. But you dont have to do that if you wish. And their winners exceed their losses. If you look at their performance record you will see they are profitable every year. How is this different from any trader? I can attest their performance record posted is accurate to their calls, both winners and losers. They have a niche market that they are successful in. You are buying that expertise. How does this differ from any other guru??? You have not given a good reason their system fails. You have not given a recommended alternate. If you dont like what they do, then dont join, but dont rubbish them just because you dont understand what they are doing.

Jim
Guest
Jim
June 11, 2018 11:13 am
Reply to  Ronald Emshoff

This guy obviously works for them, pretty funny. Be careful

Julie
Guest
Julie
June 16, 2018 3:36 pm
Reply to  Jim

Maybe ‘this guy’ works for them, but I have followed their trades since January and can also attest to the accuracy of their posted results, both winners and losers. My only ‘complaint’ would be that it’s hard to get the buy prices they show, but you can usually get close. I don’t see them as scammers like many out there (ie ken trester, etc).

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rfolgate
Member
rfolgate
June 21, 2018 8:38 am
Reply to  Jim

I don’t work for them . I’m just trying to see if I van make money with them. I will say they are one of the few newsletters i’ve seen that posts their phone numbers and address. Before 2008 I belonged to an autotrade newsletter that made me close to a million bucks. so I am a believer. Problem is I did not liquidate before the 2008 700 point drop in the stock market which wiped me out. I’m trying to find another good auto trading partner. I made a lot of money trading on my own but I find it impossible now days with high speed trading that I can act fast enough trading I am sure these guys have the technology to keep up with the high speed trading

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Slava
Guest
Slava
August 21, 2018 4:02 pm
Reply to  Ronald Emshoff

Calculate fees. It’s not simple as you say. I did check every single trade they post there. It’s not matching with great profit. Fees incredibly high. With Ameritrade it’s a losses. Not profit.

Julie
Guest
Julie
August 26, 2018 9:53 pm
Reply to  Slava

Could you give us the math on these ‘incredibly high fees’? I use Ameritrade/TOS, and while commissions DO create a cost, that is minor compared to the gains. I average $300-1k per trade, and $40 in commissions. Short term capital gains tax is the expense that sucks.

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rfolgate
Member
rfolgate
February 20, 2019 7:06 pm
Reply to  jxb2016

Your exactly correct about PFS. It’s going to take me awhile to makey money but I’ll do it as I learned alot paper trading about the options they trade. I was waiting until I got more money and now I’m going to real money trading. I was rusty as I haven’t been trading for awhile but now I am up to snuff and I can do a better job trading their favorite stock options.

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wb1234
Member
wb1234
June 2, 2016 10:26 pm

So far, I’ve received 12 trade recommendations. 10 have been 100% losses. Has not responded to three emails to their “support” email address. Run far, far away from this one.

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Ronald Emshoff
Guest
Ronald Emshoff
March 8, 2018 6:49 am
Reply to  wb1234

They are a two man shop i think which keeps their costs down. I admit their customer service is not the best. That they are in a very large of similar services that dont answer your emails right away. In the two years i have followed them, i have found they dont answer dumb questions. If they feel your question is important, then i have found they reply in one day. I have recently sent several emails, one they never answered because i was complaining of their payment method. The others were more relevant to trading and were answered in a few hours to one day. Those questions could also be answered by googling around other web sites. What you are buying is their knowledge and experience, not their customer service.

rfolgate
Member
rfolgate
February 20, 2019 7:01 pm
Reply to  Ronald Emshoff

They are just a guy sitting in his house overlooking the PacificOcean with a laptop just looking at charts and going eenie meenie mo I’ll pick this one, just picking at ramdom

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gummystock
Member
gummystock
August 1, 2016 7:52 am

Tweaking Predictive Financial Service:

Although Predictive Financial Services had one great recommendation of a 136 Call Option on LNKD @ 2.80 that shot up to 60 in June, when Microsoft acquired LinkedIn, a majority of there recommendations are inconsistent and streaky. They could recommend 4 consecutive winners or 4 consecutive expired options. For the month of July of 2016, they had a total of 9 trades, 4 winning and 5 losing. A hypothetical $1,000 investment in each trade for July resulted in a ($2,830) loss, excluding commissions. However, If you initially follow their recommendation until one becomes a losing trade, then the very next you make an opposite trade with the recommended one, you would come out with a profit of 339% for the same month. If their winning and losing trades alternated, you would lose all the time, but since their is a fairly consistent algorithmic pattern of winning and losing recommendations, their recommendations become profitable month over month.
Example:
Their first recommendation is a winning trade. Then your next trade you continue following their advice until their is a losing trade. The next trade after the losing trade you make a trade opposite of what they recommend. Meaning, if they recommend buying a Call option, you would buy a Put option with the same Strike price. You continue trading the opposite of what they recommend until you lose on the opposite trade. Your next trade then would be to follow their recommendation and keep following them until it loses. Then you repeat the same method. Their winning and losing recommendations are usually in streaks of two, three or four.

It works! Just don’t let them in on what you’re doing. (:

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steven kalodner
Guest
steven kalodner
September 28, 2016 1:40 pm
Reply to  gummystock

I would like to talk with you about this. Very interesting. Can you call ,me? Steven 856-906-7463

ttwagneriii
Member
ttwagneriii
August 25, 2016 8:01 am

I paid for 3 months of their advisory and found there recommendations to be very hit or miss. After 5 weeks, I have asked them to stop sending me alerts even if there is no refund. For the time period I was involved, which included a very robust earnings season, they were mostly wrong. So wrong that they extended everybody’s subscription for a week for free, TWICE. It got to the point that if they said buy a call, I was tempted to buy a put and vice versa. As with a lot of these services, you have no idea about what indicators they are using, so it is hard to figure out how they are making their decisions. I think their main problem is that they don’t buy enough time. They trade big, volatile stocks, but they only buy 1-2 weeks out which doesn’t give their bets enough time to play out, which they probably would eventually.

I would not subscribe to them ever again as they are currently structured.

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Lee
July 1, 2017 4:02 pm

Howz about buying strangles or straddles for their recommendations? That’d make more sense to me. They’re finding volatile stocks, which is more than half the challenge, you just straddle (or strangle) their strike price and put sell orders on both for double or triple what you paid. Looks to me like this strategy can’t lose…but what do I know? Just a thought…Lee Webb, Colorado and Florida; lwebb82@comcast.net

dgawley
Guest
July 29, 2017 11:38 pm
Reply to  Lee

Lee how is that working out for you Let me know

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Julie
Guest
Julie
September 24, 2018 4:53 pm
Reply to  Lee

The IV on volatile stocks makes straddles and strangles expensive.

Jeff
Guest
Jeff
September 6, 2017 5:48 pm

It almost appears that they are recommending the opposite of what is really happening. Is it possible that they are accumulating puts or calls on a stock (usually CMG, GOOG, FB, NTES or BIDU) and when it gets to their own target (not ours) they recommend to us we start buying. Or; maybe they are selling covered options to us. I did pretty well for a couple months but the last two weeks have been brutal. I lost everything t hat I made and more, nearly $28,000. The most money I have made came from a mistake in which I rushed to get an order in on my phone in the car and inadvertently bought 10 CMG Calls when they recommended Puts. The next morning to my surprise the stock was up significantly. Expecting a substantial loss, I discovered a nice gain as a result of doing the opposite. Needless to say, I sold the Call at a very nice profit and bought the Put they recommended cheaper but it ended up being a total loss.

I feel so stupid for just trusting their recommendations without any information on how or why they choose a particular option.

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Jeff
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Jeff
September 6, 2017 5:54 pm

Most recent recommendations and each had a significant opposite direction today and when I look at the charts, it is obvious that CMG was heading up (closed at $318.20 the next day) and a call would have been a smart move. Afraid they are up to something.

CMG 307.50 Put that expires next Friday (9/15) for $5.12; for now, we plan to sell for $7.50 or more;
BIDU 225 Put that expires next Friday (9/15) for $3.80; for now, we plan to sell for $6.00 or more.

Jeremy Golding
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Jeremy Golding
October 16, 2017 11:45 am

This company performance is terrible:
1. From April 5 to Oct 13,2017, total return is $16700. Totot 1074 contracts bought, cost $570,000. Total return is 2.89%. This result is basically 50:50, an outcome of a monkey tossing a coin, 50% up and 50% down.
2. PFS broken accounts 3 times in this period of time: 95% losses in July-August.
3. PFS brags so much of weekly gains, and don’t report weekly losses, mis-leading readers.
4. PFS brags so much about its huge gains in WFC, LNKD, and NFLX, and did not tell readers that they had bought options for that stock for so long and hide the cost it spent. For example, PFS had 570% on NFLX 2 weeks ago. But PFS had bought $1000 NFLX contracts every week for 3 months. These contracts expired every week without any gain. Total cost before recent 570% gain was about $12000. With 570% gain, total loss is $6300 in last 3 month on NFLX.
5. Do calculation by yourself by pasting all PFS results on a Excel Spreadsheet. You will find PFS performance is just like a monkey tossing coins.

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Julie
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Julie
June 21, 2018 12:37 pm
Reply to  Jeremy Golding

You have to be smarter than that. They show results based on 10 contracts of every trade. That is a very BAD way to allocate. You could have a 70% win rate and still lose money because the trade totals vary so much. A 100% loss on $20 options wipes out a lot of capital. If you trade based on percentage of portfolio, ie- buy 10 $2 options but only 1 $20 option, then as long as you cut losses you can turn a profit even at 50/50.

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dgawley
Guest
December 10, 2017 3:41 pm

STAY AWAY! Enough said

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Mike
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Mike
March 12, 2018 4:07 pm

I have been familiar with this service for several years. One thing for sure is that they do tell the truth on their posted results at any time good or bad. Their have been some bad runs in the past but the newer service this year has been great. I am posting fantastic gains all this year. Last week up 5K in 4 trading days.

Ronald Emshoff
Guest
Ronald Emshoff
April 28, 2018 8:47 pm

Mike, just want to add my comments about them reporting the truth. Someone here said they dont report all their 100% losses. That is just not true. In fact twice in 2018 year they have not included winning trades in their analysis saying they reported a loss, but the auto trades made a profit. I can provide dates and trades if anyone wishes. I am not saying they are good or bad, but saying they do report the good and bad trades truthfully. Therefore how can you argue with success? Look at their track record.

Randall Folgate
Member
Randall Folgate
June 20, 2018 2:50 pm
Reply to  Ronald Emshoff

I am thinking about autotrading their picks. Mixed reviews on this board

Charle
Guest
Charle
May 6, 2018 7:48 pm

The only one answering is Ronald who criticizes anyone that has anything negative to say about them. So I guess you work for them or you wouldn’t keep defending them like you are their lawyer or on their payroll. So if your not on their payroll then do you not expect people to complain if they are losing money based on their recommendations?ca

fred ferguson
Guest
fred ferguson
May 20, 2018 1:44 am

followed their reccomendations and lost $100,000 a month.

Julie
Guest
Julie
June 16, 2018 3:49 pm

Following their recommendations to trade 10 contracts of each pick can be financial suicide. That is NOT specific to PFS. Any trading service can give you bad or good picks. If you are too lazy to do your own research, and willing to blindly follow someone else’s advice, then ‘buyer beware’. That said, since January of this year I’ve had good results trading their picks, but I only buy 1 or 2 contracts, not 10. I also do not let my losers run to 100% the way they do.

Slava
Guest
Slava
August 21, 2018 4:17 pm
Reply to  Julie

It’s not about how lazy you are. It’s simly very hard or I would say nearly impossible to trade profitable for most of the people even with highest IQ. Everyone looking for a way to make money from stocks but only few can. And in my experience it’s very fat accounts with ability to wait. And wait for a long time or trading algorithm machines like Goldman S.

Julie
Guest
Julie
August 26, 2018 10:10 pm
Reply to  Slava

Don’t confuse easy with lazy. Yes, it’s work. But it doesn’t have to be hard if you work smart. However, if you are told to ‘buy xyz puts’ and you are too lazy/stupid to even look at an xyz chart, to confirm direction, support, resistance, volume, ie-the basics, then you should find a different way to try to make $. You don’t need a high IQ, or even a fat account, but you do need to treat trading seriously, and devote many hours to learning, just as you would with any other job or pursuit. Most people fail because they treat it like a lottery instead of a long term career.

rfolgate
Member
rfolgate
October 13, 2018 1:29 pm
Reply to  Julie

Your 100% correct Julie

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rfolgate
Member
rfolgate
June 21, 2018 8:17 am

I am on the Predictive Financials 7 day trial and i’ve been following their trades. They send an email every day on what they are trading. Unless its a big lie they do well. I think the answer is you have to autrade their trades because if you trade you are subject to human emotions.

There seems to be like half of the people on here either love the service or they warn it will wipe you out. I could try it out but I dont like paying Global autotrading 70 bucks a month

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Julie
Guest
Julie
June 21, 2018 12:27 pm
Reply to  rfolgate

$70 a month is dirt cheap compared to what you lose in lack of good fills by not having it. I don’t do high frequency trading but if I did I would use that. I still believe PFS is purely hypothetical trades, I rarely see the buy they list available.

rfolgate
Member
rfolgate
June 21, 2018 9:34 pm
Reply to  Julie

$70.00 is cheap,if your making money. Julie you seem to be the one poster who is making money from manually trading their picks. I would never manually trade their pics as i would have to be glued to my computer during trading hours.I opened up an Interactive brokers account and ill start with 10K and trade one contract or 2%. . After a month of following their trades ill know if they are good or not.Global has good reviews and they execute fast with Interactive Brokers so you can mirror their trading more precisely,

All of their trades are recorded by Global and interactive. I can ask them to produce proof that their trades are accurate.

Well Julie you have given me the incentive to try these guys out. I am on a 7 day trial and they email me 2 times a day with updates.That’s a good sign. I emailed them yesterday and they replied today. Well see. Ill report back later when I get some real results. Thanks for the info.

A

all

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rfolgate
Member
rfolgate
June 23, 2018 3:29 pm

* In the First Quarter 2018, if you’d bought & sold 10 Contracts for each Position as below, you’d have banked $236,750.00 Gain (this includes an atypical Gain in early February when, due to the Market Sell Off at that time, we bought Puts on major market stocks..
Aot
This is a quote from there results page on their website. How could this be valid. Id I autotraded them on Global Autotrade I would delete the options that looked like loser before they got to 100% like Julie recommends. The only thing they do wrong is not putting in proper stops.

I guess I could try them with one contracr or 2%.

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Xraiderfan
July 14, 2018 5:47 pm

I did well enough in the free trial that I signed up for 3 months. Very bare bones. Recommendations, no descriptions. But, what I did and saw worked.

rfolgate
Member
rfolgate
July 15, 2018 12:25 pm
Reply to  Xraiderfan

Another good review for manual trading. On tuesday when my ACH transfer is off hold I will go on autotrade with Global Autotrading going through Interactive brokers. Its complicated to set it up but I got through it with many phone calls to support. I’m going to start with 2500 per trade .I would have preferred a % allocation but that is all Global lets you do. We will see how it goes

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jan murphy
Guest
jan murphy
July 15, 2018 3:13 pm

When I first received promo e mail with results, I added up the wins and losses and found a net loss. I don’t know why they would even send this out. Lately (first 6 mo of 2018) they seem to be making good profits every week, per the results they e mail. I would love to pay the high subscription fee to get these results, but reading the 2016 postings I am concerned. Anyone have more recent experience?

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rfolgate
Member
rfolgate
August 23, 2018 10:29 am
Reply to  jan murphy

My experience auto trading with them has been productive. Auto trading is safer as manually trading single options is a n experience fraught with stress and much time watching the action to determine what the position will do. I am about ready to go to 2 contracts per trade

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Slava
Guest
Slava
August 21, 2018 3:59 pm

I was surprised no one noticed by looking at their statistics how much is going to cost you fees to your broker. My broker Ameritrade will take my pants of for amount transactions they suggest. When you calculate all expenses there will be little if anything left.

Julie
Guest
Julie
August 26, 2018 10:19 pm
Reply to  Slava

I don’t think you know how to calculate fees. An option trade is about $6 + $1 per contract at the very worst. So 10 contracts, round turn, would be $32. A typical trade of 10 contracts with PFS is making /losing thousands of dollars. How is $30 more than a tiny fraction of cost???

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