Trading Options For Income

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Tom Reynolds
Guest

I have traded the Trading Options For Income- Spreads recommendations for nearly 1 year and it has been very profitable for me!

C.J. is very professional and his insight is spot on. Highly recommended!

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Eric D. Brown
Guest

Trading Options for Income CJ at Madeira Trading Newsletters (aka Trading Options for Income) is a great options trader. I’ve been using the service for 4 months now and am currently looking at 80% returns on money invested to date using the Spreads Strategy and about 25% returns on the Puts / Calls Strategy (have only invested in all the Puts/Calls strategy for about a month). Performance year-to-date is outstanding (~75% on Spreads and ~71% on Puts/Calls as of Feb 14 2011). The service is great. Communication is great. CJ’s afternoon market review is extremely insightful. What makes this service… Read More »

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Tom Broman
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Tom Broman

I have been trading for 4 years and with Trading Options for Income for 8 months. This is by far the best newletter advisory I have found and I have traded some 15 newsletters and looked at a great many more. CJ Mendes is a very skilled trader and I trade both Spreads and Puts/Calls but mostly spreads. The website reporting is very clear and completely accurate..I have checked the trades with my Interactive Brokers statements to verify their reporting and it is perfect. CJ is also very responsive to client questions and the daily updates are very informative as… Read More »

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Gravity Switch
Admin
👍7

Good point — the world of competition out there is pretty broad, but there are also some closer competitors like Lucid. It’s the Vivascope 3000 that’s most similar to the MelaFind, it looks like (that’s their handheld one, described here: http://www.lucid-tech.com/medical-imagers/vivascope-3000.asp) I think the differentiation, from Mela’s perspective, is probably that it looks like the Vivascope and most of the other imaging-based competitors are focused on building a better microscope and getting a better image (and sometimes transmitting that image to expert dermatologists), not necessarily on actually analyzing and comparing that image to a set of known melanomas to make… Read More »

Lou Blanch
Guest
Lou Blanch

I am a banker by trade and have little to no options trading experience. I was referred to the Trading Options for Income newsletter by my trader when I mentioned an interest in options trading. He gave this newsletter and CJ a nice recommendation and I was able to have their results verified by an independent service(pro-trading-profits.com). I am able to auto trade the newsletters recommendations and I have earned substantial returns over the last 11 months using both strategies. I would highly recommend this service. On the occasions that I have had to call in with questions, their service… Read More »

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Gravity Switch
Admin
👍7

Thanks Mary Ann — good point on Linn, I don’t know this one that well but I’ve heard others extol their hedging strategy and conservative nature.

Penn Virginia (PVR) is another interesting one for coal exposure, James Early actually touted the related ARLP a while back and I think MF Income Investor still recommends it, not sure. (http://www.stockgumshoe.com/2007/06/dirty-secret-of-green-revolution.html)

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Paul S
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Paul S

I am a subscriber for a year now. The service is profitable. I have abandoned buy and hold investing and in my search for a reasonable trading approach, I came across this service, which so far I am impressed with the results. In one of Mr Mendes’ daily updates, he said he hates risk and dislikes volatility, which tells me he takes a conservative approach to a potentially risky investment vehicle. This is what you want. Those who swing for the fences will kill you. Consistent singles is what you want and he has delivered that. Regardless of how you… Read More »

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Dusty
Guest
Dusty

I have just enough electronics background to be seriously doubtful of super-battery claims. A lot of things have promise in miniature scale but everything changes dramatically when it is increased in size to meet the needs of full sized-equipment. Even when a technology works, like lithium batteries, there are unexpected problems and hazards. I have never personally seen a lithium battery burn but accounts by others who have watched even two or three ounce Lithiums burn are enough to never bring one into my house (R/C airplanes). I also wonder how bad a minor car wreck with really big Lithiums… Read More »

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CMM
Guest
CMM

Excellent! I have not seen a good "over-unity" device in a while…nothing like a good perpetual motion scam/tease to get the blood flowing. Maybe we can all collectively revisit the Stoern (Irish perpetual motion machine scam) story for a good laugh.

Brian H
Guest
Brian H

"Pulling energy" takes work. Then you get back what you put in. Background magnetic and electric currents around the Earth ("from the air") are very diffuse. Like sunshine. Takes lots and lots of hardware and real estate to tap them.

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Big Mo
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Big Mo

Just sold my Zenn stock for a nice (and quick) 92% profit, and it’s still going up, mainly on speculation regarding the EEstor battery. You can’t buy EEstor, but you can buy Zenn stock. I think they’ll have a production model available in the next 6 months. (Why did I sell? Couldn’t pass up that kind of quick profit!)

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wes rude
Guest
wes rude

Have you looked at http://www.tagoil.com ? I started buying TAO.V (TAOIF) at $2.50 – now over $6.00. They have hit 5 wells/5 drilled, $70 million cash, zero debt, 2.4 million acres of 100% owned leases in North New Zealand, 2 independent engineering studies indicating 5 – 14 billion barrels possible reserves, starting this fall with completion of opipeline will flow over $2.00 per share top line revenue. This has the makings of a $50 stock in 2-3 years with 50 million O/S IMHO

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Jack Willard
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Jack Willard

The 3500 volts required to charge the EESU will make it difficult to implement as a rechargable auto battery. The heat generated from the charging could rupture the ceramic materials used in the device. (Expansion and contraction). Why not combine a lead acid or Li-ion with a cheaper ultracapacitor. There is a new one comong on the market which has the promise of solving the problem. It has 10-20 times the power and energy density as the ultracaps presently on the market. Here is a paper I found on the internet. It is called Reticle Carbon. A New Material for… Read More »

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Bryan
Guest
Bryan

I’ve tried several different autotrade options services, and this is the best one that I’ve tried. I’ve been with him a year and a half. He has 2 strategies. Trading deep in the money puts and calls and trading spreads. He has changed his strategy for spreads over the years. As you’ll notice, in 2009, he had a very poor year for the spreads, but his strategy then was mostly iron condors. Now, he does only directional spreads, so when looking at his performance focus on 2010 and 2011. Performance-He does have some losers, but overall, he’s been solid. In… Read More »

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Joe Murphy
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Joe Murphy

Did you mean Fibonacci the Italian hedge fund manager?

Wilson
Guest
Wilson

C.J is not helpful nor welling to accept other ideas. Very narrow minded and rude some times !
Regarding his signals, they are every where and no consistency nor discipline !
If you want to lose your entire account then join the service. the results posted are all false and made up to mislead people !
Avoid Avoid Avoid

Kent
Guest
Kent

This service employs 2 strategies, spreads and straight puts and calls. I subscribed in early March after seeing quite good results for 2010 posted on their website which I believed (and still do) to be truthful, though somewhat incomplete. I have been autotrading both strategies. March and April were up about 23% combined in both accounts but May so far has been a disaster with my accounts down about 50% from when I started. This service has been on the wrong side of nearly every trade on gold, silver, energy, and others. The problems go beyond just making bad trades… Read More »

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Pissed
Guest
Pissed

I read all the reviews and even e-mailed one guy to ask how he like this service. he said it was pretty good. I signed up for the service and every trade Trading Options for Income did in May was a BIG looser. I auto traded so I could get a good fill. What a mess this guy is. He bought a GDX call and it went down so he bought again and then it went down and he bought again. Then he bought ERX ( 3X Energy Bull )and when oil inventory was up and ERX went down, you… Read More »

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oilandice
Guest
oilandice

When I first read the reviews the service was doing well and I was convinced to join. Although it was pricey I figured it was worth the expense. What a mistake my account on auto trade is down 50% in a short time. Thank goodness I allocated very small amounts otherwise I would have nothing left. Some trades make sense others especially the fact that every publication I read said the commodity run was over,he was still going for ERX,GDX,OIH get the picture? No one is perfect but everyone said to be cautious and he was not.If you join DO… Read More »

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Disappointed
Guest
Disappointed

Good news is that the record presented on the webpage is true, at least for the period I subscribed. Also customer service is very good, they are quick to answer and polite. However I was expecting some response to my comments on their trading style, which I did not get. In April/May I traded the Puts and Calls service with poor results. As described by other reviewers the timing of the picks seems to be a random guess without having any clue about short term market direction. To me C.J. seemed to be in a very bullish mood. So he… Read More »

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oilandice
Guest
oilandice

I subscribed in April because of the very good track record.
In just 6 weeks my account lost 50%. Although he seems very smart
his trades were risky and went against general market opinions at the time.Unfotunately I trusted him and autotraded my account away,thankfully I had small allotments or I would have nothing.
The service is expensive and not worth the risk.

STAY AWAY FROM THIS GUY CJ MENDES

Kim
Guest
Kim

It is amazing what one month of bad performance can do. People are just so focused on short term performance and ignore three years of excellent results. Can you recommend a service that did better in the same period of time?

A comment to previous reviewers: if your account was down 50%, it means that your position sizing was way too large compared to your account size.

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Bob
Guest
Bob

Mendes doesn’t seem to be right more than half the time. But worse, when a trade goes wrong he tells you to double up, and then when it goes further wrong he tells you to double up again. The result is that when the trade goes right you make a modest amount of money and when it goes wrong you lose a huge amount of money.

Robert
Guest
Robert

Yes, he autotraded 50% of my capital away within a single month! And Bob’s right, he seems to be always trading against the market forces. 50/50 chances of being right, with losses being way more than winners. Just 1 month of losses would take an entire year to BE back! Very dumb of my to have left my account on auto-trade. Be careful!!
And… the monthly subscription is expensive! and the performance is terrible. Just look at the performance page and you’ll see how much losses inured. Random picks would have been better

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Kim
Guest
Kim

Robert, if you lost 50% of your account in one month, that means your position sizing was too big. Looking at his track record, I can see 65-70% winning ratio, way higher than 50%. People are just too focused on short term performance and miss the big picture.

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Mr. Sad
Guest
Mr. Sad

I agree with Bob and Robert. Mendes seems to be too bullish for my taste. In his recent commentary he remains bullish. Mendes said “ In, fact, I was not aware that many Global markets are trading at the 150 day smoothing mechanism as well.” Wow, in what world does this guy live in? All the markets trade the same direction. When the Asian market opens lower, United States opens lower. All the markets are in synch with each other. He also likes to trade against the current trend. For example, he was bullish on Oil, while the market was… Read More »

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Matt
Guest
Matt

I was a subscriber in April-May 2011. CJ does not want to admit that his thesis was wrong and rides loosing positions down, down and down some more. If you’re wrong get out or change your trade direction for goodness sake. Small profits and large losses. He also raised his prices if you auto-trade. $99 for each service vs $99 for both previously. There are better places to put your money to work.

SnoopyJC
Guest

Check this on "Options Magic": http://www.bbb.org/utah/business-reviews/investme

–joe

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Bigbelly bo
Guest
Bigbelly bo

These are auto-trades (copied directly from my broker account) that CJ Mendes of Trading Options for Income placed with my broker: ERX ($6,525.29) FXI ($132.89) GDX ($44,564.83) GLD $2,964.11 OIH ($35,760.04) QLD $2,514.10 SLV $1,404.42 SSO ($50.00) TNA ($1,631.41) UYG ($3,247.16) Total Losses $85,029.99 The loses took only 2 months. I was a fool to give CJ Mendes control of $80,000.00 of my hard earned money. He lost 106% of the account allocation which forced me into a margin call. And the loses would have been greater had I not gotten out of his most recent trades. He portrays himself… Read More »

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Embarrassed
Guest
Embarrassed

I have a similarly upsetting experience during the past couple of months. When the market was moving upwards the profits were great. Once the market turned south, the picks remained very bullish. I think that CJ is indeed brilliant; however, he does have a serious problem by not being able to give up on bad trades (i.e. take smaller rather than consequential larger losses). I would’ve much preferred that he not make any trade alerts at all and rethink the market first. He seems to be compelled to produce frequent trade alerts rather than show enough discretion beforehand. I started… Read More »

Mark
Guest
Mark

Would you please answer the guy’s question: “Do the gold backed annuities pay out any regular distribution besides the dividend? Or are the royalties all kept by the company and the investors’ upside is only on the stock price?”. Or are the royalties distributed monthly, quarterly, annually or what ? Thanks.

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Mark
Guest
Mark

Re:”… regular distribution besides the dividend?… the royalties… kept by the company…”
Obviously, the royalties are retained by the company, right ?

Mr. Satisfied
Guest
Mr. Satisfied

Not sure what the problem is with all the above whiners! I have been trading their Puts and Calls service for several months now and the performance has been excellent! I think there is some sabotage going on here…year to date I am up around 25% after all costs.

I know the spreads strategy has not performed as well but at least these guys are honest and put out accurate and true results.

They charge $99.00 a month for all three strategies combined.

oilandice
Guest
oilandice

No whiner and no sabotage,the service is a fraud . If you have high expectations you better lower them.

oilandice

Bob
Guest
Bob

Mr. Satisfied, how much have you made on those OIH calls, especially after you were instructed to double down? Or on the SLV calls? Or the GDX calls? The problem with Mr. Mendes is that he doesn’t seem to know what a put is. He buys calls when the market is going up and buys calls when the market is going down. Since I started the service Mendes hasn’t recommended a single put.

Mr Satisfied
Guest
Mr Satisfied

The service is profitable. How can you stand there and complain based on a couple of trades that lost money…What the about the other trades that have made money? You must not have much experience trading options Oilandice…

Stop whining. You are responsible for your own portfolio not the autotrade newsletter.

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Ticks
Guest
Ticks

Started trading their alerts in April 2001 and lost $18K within 2 months. They went giddy on OIH and GDX with huge losses. Here are my statement from TOS: YEAR TO DATE PROFIT & LOSS TOTAL P/L YTD: ($18,330.76) SYMBOL YTD P/L ERX ($1,556.48) FAS $250.00 FXI $140.00 GDX ($11,196.48) GLD $850.00 OIH ($7,835.48) QLD $476.26 QQQ $85.16 SLV $961.00 SMH $233.76 SPY $65.00 TNA ($465.62) UYG ($647.40) XLE $309.52 The results below says it all (TOFI Spread performance available at their site): OIH 04/06/11 – 04/26/11 -44.6% GDX 04/26/11 – 04/27/11 -92.3% GDX 05/11/11 – 05/31/11 +01.3% OIH 05/02/11… Read More »

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Bob
Guest