Zenith Trading Circle

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rmiken49
Member
๐Ÿ‘168
rmiken49

I am familiar with his articles with Sure Money including recommendations. His suggestions for stocks to short with puts seem to be spot on. They also align with some of my research on the same stocks such as TSLA, DB, VRX, NFLX. I have reviewed his video and invitation to join his new Zenith Trading Circle which I am considering. His education plus long time experience at many levels seem to be substantial and thus encouraging to spend the money to join. Not sure about the potential levels of money to be made as noted in the video/transcript. Been there… Read more ยป

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Ralph
Guest
Ralph

so far so good he immediately started sending what puts to buy at what price. This is a new service it only started on the 20th of Sept 2016 BTW most of his suggestions are out to Jan 2017 so should know fairly quickly and hopefully within the 90 day return policy if they make some gain. I am buying 10 to 25 puts at a time. Not a whole lot of money at risk but rewards could be substantial and if the carbon copy part works maybe repeat the process two or three times.

motorhead
Member
๐Ÿ‘31
motorhead

Ralph, the real test (assuming the picks are good) is can you get the prices he recommends on the way in and out.

Gerry
Guest
Gerry

Thank-you everybody for your reply as to the validity and experience with Michael Lewitt and his program. I tend to agree with his philosophy that many companies are just scrapping by from the 2008 fall out or present day companies that were launched with really bad business plans ie Go Pro. It amazing how investors can jump on board with just the slightest blurbs from the media without thinking things through. Also as mentioned companies are 5 times more in debt than they were 5 years ago. it would good to keep an eye on the interest rates as a… Read more ยป

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Ed Douglas
Guest
Ed Douglas

I agree many companies have been scraping by, however they’ve been doing that since ’09 and those puts are declining assets. If nothing changes next few months they will automatically decline in value, perhaps expire worthless. If you are convinced stock will ultimately go down you’d be A LOT further ahead selling long dated well out of the money calls. you get same level of risk, but using someone else’s money.

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Bobby
Guest
Bobby

Selling calls and buying puts ARE NOT at the same level of risk. Selling calls has unlimited downside risk. Puts only risk is the money invested.

jperkins12
Member
๐Ÿ‘21
jperkins12

Ed Douglas; Not familiar with “long dated well out of the money calls”. Please explain, and give an example for us rookies.

rmiken49
Member
๐Ÿ‘168
rmiken49

Long dated out of the money calls might be C trading at $57 dollars today and buying June calls at a strike price of $75. Long dated puts just the opposite with long dated puts say Jan 2018 puts at a strike price of $20. You can buy the puts or calls at a lower price minimizing the capital at risk.(note if the markets are uncertain, this longer time period can perhaps provide the time needed to profit)

Hank
Guest
Hank

Long dated…. 6 months or more until expiration.
OTM or “Out of the money”…. means the option has no intrinsic value at the moment…. strike price + the premium > current price for a call, or strike – premium is less than the current price for a put. Example. If you bought a $10 Jun 2018 put on ABC for $1 then you would need the stock to fall below $9 for the put to be profitable.

OTM options are like lottery tickets. Cheap, with high potential reward and very unlikely to pay off.

I hope that helps.

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Hank
Guest
Hank

Ed, I agree with Bobby. Selling calls is MUCH riskier than buying an OTM put. The risk in buying a put is limited to the premium you pay. Selling a call has theoretically UNLIMITED risk. If you sell a $5 call for $1, your gain is limited to the $1 premium you receive at the time of the sale. If that stock rises to $100, you’ll be on the hook for the $94 bucks per share ($100 – ($1 premium + $5 strike price)). Selling calls on a stock that rises is like picking nickels off a rail road track.… Read more ยป

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Ted White
Guest

Hey rmiken49……….I also watched Michael Lewitt’s Zenith Trading Circle video tonight. You know, they all sound great in the videos, but that’s why we have Shoegum to help us save ourselves from the hype. I haven’t seen anything else about his service but have read his blogs. Seems to be a smart guy and who knows, maybe this service will be great. A few things though. First, these trades he posts are back tested which I have a disdain for. They come up with an idea and find stocks in the past that match their criteria to prove their system.… Read more ยป

Ralph
Guest
Ralph

see my comments, its too early but I am following his alerts and buying the puts he recommends, I add some of my own like $70 Jan 2016 puts on SVXY, just can’t see VIX staying so low for much longer,

archives2001
Irregular
๐Ÿ‘87
archives2001

VIX dropped back to around 12 two or three days ago and then bumped to 16, now back to 14. Definitely beginning to move!

loko
Guest
loko

RALPH ,how many days out to experotation and how many strike out of the money, he recomends buying those puts in his service?

Ron
Guest
Ron

They talk for a hour and repeat phases so the mind is imprinted with the discussion or numbers as in 94.5%. Ever promo has this in common.

Tobey
Guest
Tobey

Ted White — Very cogent comments, thanks. Agree with the critique of the time consuming marketing pitch and they don’t allow you to fast forward to get to the end, and it you don’t let it play out you don’t get to the end…. Nevertheless, I joined last night for $2250 and called back later to note that I saw here a $1950 price: they agreed to return $200 very willingly. I am attracted to a strategy that focuses on failures these days given all the opinions flying that predict a big financial bust coming with all hell coming apart.… Read more ยป

willie
Guest
willie

well hoe has it been going

Kyle Mili
Guest
Kyle Mili

Toby,
I just listed to his video for the first time. He seems to have his act together. I see you started his service around Oct 5, 2016. How have things been working out? Are all of his recommendations correct? What kind of percentage is he batting?
Thanks
Kyle

harach
Member
๐Ÿ‘12
harach

I am also looking at the Zenith Trading Circle but not sure if I will join. I like Michael Lewitt, but really don’t care for Money Map Press, or the rest of their writers. I believe Michael still publishes The Credit Strategist, and it’s much cheaper at $425 per year; not sure if it will contain the same info or be wound up (500 Zenith subscribers at $1995 is almost a million dollars, and I read my email a day late so in theory Zenith would be sold out by now). Any other thoughts out there?

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Larry
Guest
Larry

Just watched the Zenith video tonight. It was distributed through moneymappress. Must be more than 500 by now or no one is buying into it.

Horris
Guest
Horris

Really? Gosh what a shocker, you “just” got yours in September of 16′, and I’m sure in the sales slop you were told to, “act now” because, “he was only going to accept 500” and you’ll “never see this kind of opportunity again.” RIGHT? Wouldn’t you know, I’ve gotten “TWO” opportunities now, both of which claimed all the above. So, I’m pretty sure, whether dumb-dumb suckers threw away their cash in 2016, or had I in my 2016 opportunity, or the 2017 opportunity I just got, I am quite certain, the limited pool of opportunities of “500,” will still have… Read more ยป

jperkins12
Member
๐Ÿ‘21
jperkins12

harach:
I’m very tempted to join, but the question always hangs in my mind. If these guys are making the percentage returns that they claim, why are they wasting time writing these articles and making these videos? Just my two cents.

rmiken49
Member
๐Ÿ‘168
rmiken49

I joined September 28th and cancelled my membership today for a full refund ($1950). I do like Zenith recommendations. But so noted in my other posts, it is not always good timing to act on each weekly recommendation. There has been very little movement in the weekly trades (related to making good profits) for the most part. The markets are still in a rising trend and not always the best time to buy puts. Yes, longer dated out of the money puts gives us some time in hopes that the markets will crater and some of the trades will falter… Read more ยป

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S Milton
Guest
S Milton

i too cancelled my membership last week. My greatest regret is not starting paper trading the recommendations to see how effective the service can be. Instead i went in on most recommendations with my cash and to date have lost nearly $10,000. Tough lesson learned when getting on to a new service,you must test before invest.No doubt Mr Lewitt is a very smart guy ,but i found it insulting with so many trades out of the money ,repeated offers came out to spend more money for a lifetime membership offer to “expire soon so act now.” i will never make… Read more ยป

rmiken49
Member
๐Ÿ‘168
rmiken49

I have been in several trading services over the last 10 years and still have a lifetime membership in Agora Financial (started out as a “Taipan” lifetime). It does help to have some technical understanding of how the markets work before joining any service. In my experience it is not always prudent to jump into every trade offered each week or each day. Some of these services are beneficial since they do the research and save time. Several option trading services will offer naked puts and calls depending on which interim direction the market is headed. I believe the timing… Read more ยป

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Michael Hanratty
Guest
Michael Hanratty

My beef is after sitting and listening to a pitch which was …endless …i got the point in the first 5 mins ,i was considering taking the plunge and forking over $1,950 US ..but right away i’m threatened with the ” act now because a few months from now it will cost me $4,995 ” . Yeah right …big money to be made …..by Lewitt . Sorry brother bad taste !
Really he’s a smart guy that’s for sure, and he knows how to make money. Just not my money .

Dorel Hunt
Guest

I watched today and price is $2,150 w Best hurry only a limit of 500 members nice price increase, Leary

jperkins12
Member
๐Ÿ‘21
jperkins12

Dorel Hunt: Mr. Lewitt has absolutely nothing to lose by publishing this video. I’m thinking he is making a lot more money doing that than trading stocks.

Andrew
Guest

If you want to skip the video but get the content… try to close the window. You’ll get a “Are you sure you don’t want this great deal” message and if you click “wait” then you’ll get the exact script in a sales funnel page.

I prefer reading it this way much better… plus you can scroll down and see what they actually want you to pay.

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George Philips
Guest

I too watched the video but none of the 5 stocks he listed comes up with anything on Google or any page where you can look up stock symbols. The only one that shows up is RCPI

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BobbyKid
Guest
BobbyKid

Go Pro and Netflix are still out there

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rmiken49
Member
๐Ÿ‘168
rmiken49

Most of the stock symbols in the Lewitt script can be found at Marketwatch.com. Others such as Bidz.com, Dex Media, Raser Technologies and Metricom have been delisted from the major exchanges. They all seem to be operational with web presence but not as public companies on any major stock exchanges.

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rmiken49
Member
๐Ÿ‘168
rmiken49

I do understand the precautions from the other commenters. After a few examples from the video, I’m either convinced or not. Usually, I just look at a portion of the script part and go to the cost details. Video is too long (like most of them). From their script, they indicate a 90 day free trail. If you keep the auto renew, the price stays the same. (The 500 member deal is likely part of the hype to hurry up and join) I do not currently subscribe to any services from Money Map Press but I am a lifetime member… Read more ยป

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joned
Guest
joned

Thank you for the fdback

Kyle Mili
Guest
Kyle Mili

Did you end up joining?
How’s it going?
Are things working out well?
Thanks

rmiken49
Member
๐Ÿ‘168
rmiken49

I joined on September 28th and cancelled on December 5th. All the Zenith recommendations seem to be spot on. However, since the markets have been transitioning through a topping process in the last many weeks, most of the recommendations have not fared very well. The timing for this service seems to be too soon to benefit from any type of satisfying profits on the downside. If you read the posts on this site you will note that several have lost money. As a member, I did lose money but very limited since I paper traded most of the recommendations. I… Read more ยป

kgarvey
Irregular
๐Ÿ‘15
kgarvey

Also looking at the program. Does anyone know or suspect what Lewitt means by ‘carbon trade’?

oldgopher
Member
๐Ÿ‘5
oldgopher

Lewitt buys out of the money puts on the stocks.

WFP
Guest
WFP

“Carbon trade” sounds like puts to me…

james
Guest
james

Puts with rollover into longer dated puts

jperkins12
Member
๐Ÿ‘21
jperkins12

james:
What do you mean by “”with rollover into longer dated puts”?
I”m a rookie regarding these option trades.

rmiken49
Member
๐Ÿ‘168
rmiken49

One of the recent recommendations was MTDR with a December put strike price of $17.50. The trade was down over 50%. With option expiration nearing, he recommended selling the December put and buying the March 2017 $17.50 put. Once you buy the March put, you add the losses of the December put into the total purchase price of the March put. The March expiration provides more time for the company MTDR to drop in price and hopefully bring the put into profitability. This is what he calls “carbon trading”. So, then it is a matter of the market tanking at… Read more ยป

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Kyle Mili
Guest
Kyle Mili

Around what date did he recommend the MTDR put of $17.50?
Thanks

rmiken49
Member
๐Ÿ‘168
rmiken49

November 29, 2016
Action to Take:
1) Sell-to-close MTDR Dec 2016 $17.50 puts (MTDR161216P00017500).

2) Use a limit order to buy-to-open MTDR March 2017 $17.50 puts (MTDR170317P00017500) at $1.10 or less GTC (good till canceled).

The MTDR December puts were at a loss and rolled into the March 2017 $17.50 puts. That position is currently valued at $.58 with the original buy price at $1.10. Currently at a loss of 47% (not figuring in broker fees) Also, not considering the losses calculated into the rolled over price into the March puts.

rmiken49
Member
๐Ÿ‘168
rmiken49

Carbon trades appear to mean similar buy and sell points multiple times considering the fluctuations in the stock market exchanges over time. A poorly operating company may fall more during the down times. However, there is always a recovery period (bounce) offering another buy point (puts) before the next market direction down. Timing these events is crucial. Potentially, Michael Lewitt would advise the correct buy and sell points.

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kgarvey
Guest
kgarvey

Sounds like it requires precise timing, the kind of which we’d expect from a clairvoyant. Risky, for an unproven strategy, regardless of back testing data. Think I’ll wait for more definitive data before moving on this opportunity.

rmiken49
Member
๐Ÿ‘168
rmiken49

It is prudent to be cautious before spending the money on any of these newsletter/investment advice services. It is likely that other services such as this one will appear as more indicators surface that the markets are changing directions from up to down. The Zenith Trading Circle will benefit more so as markets top out and move down. I have found it is beneficial to develop one’s entry and exit strategies that coincide with current market variables. I am primarily looking at Lewitt’s ability to select stocks that are primed to fall when the mood of investors change for jubilant… Read more ยป

jperkins12
Member
๐Ÿ‘21
jperkins12