Description
Options trading service from “Peter the Great” provides weekly picks.
Overall Rating
Rating: 1.8/5. From 6 votes.
2.0
Rating from 22 votes
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Investment Performance
Rating from 6 votes
Rating: 1.8/5. From 6 votes.
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Quality Of Writing/Analysis
Rating from 5 votes
Rating: 2.2/5. From 5 votes.
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Value For Price
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Rating: 2.0/5. From 5 votes.
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Customer Service
Rating from 6 votes
Rating: 1.8/5. From 6 votes.
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I would never subscribe to someone calling themselves “the great” if he was so great he’d be trading his own money and not selling services.
I signed up for a 3 month service because I believed in Peter’s teachings. After 3 days, I wanted to terminate service when i realized that what he teaches isn’t what he recommends. Request was refused 3 days into the service because the T&Cs say you cannot receive a refund, under any circumstance. You can benefit if look up his performance on the website which is open to viewers, and I didn’t realize it before signing up. http://cashflowheavenpublishing.com/track-record/2017-2/. Slightly negative overall.
I am willing to pay for a service that saves time and adds value. In my second and last cancellation letter, I wrote the following:
The service takes more effort, not less, than my doing the trade analysis myself. It is not good.
Example, in the 5/2/17 ROTH recommendation on the latest newsletter, recommends strikes that are ~1.3 SD (standard deviation) and result in a 35% likelihood that the short positions will be hit and the trade will be a loss.
Why would someone recommend a condor (selling premium) when IV is only 10.1%? Do you calculate expectancy , and what does your analysis show? Is the expectancy positive or negative?
Today for this trade: SPX Price 2388 IV 10.44% SD 32.38 means: and 2452 are the EM2 for that series. Chosen strikes are far from the 90% success probability advertised.
That is why I requested an immediate cancellation of the service. If you believe that what I’ve stated above is inaccurate, let me know.
TO WHICH I RECEIVED AN EMAIL RESTATING THAT UNDER NO CIRCUMSTANCES DO THEY REFUND SERVICE FEES. (no acknowledgement regarding my analysis of the trade that does not follow his teachings).
CAVEAT EMPTOR
The guy is a scam artist. Do not let him have your credit card information. He will just charge your account repeatedly for $97.