Advisory Services?

Quote from steve46:

Hey:

Eventually one or two things happen. One is they get greedy. At some point thereafter, they get burned.


Steve
More...

There is a third...to consistently make a profit year after year by NOT getting greedy:p by hedging your risk and managing your trades in a businesslike manner.
 
YUP
Here it is:

*: 5 of the 6 best intermarket trades were in one year (1997), including an extraordinary gain of $30,000 in just one spread, which may make the results look "too good"

Quote from steve46:

Hey:

Check out Larry McMillan's published record at his website

www.optionstrategist.com

Larry is a good professional who plays a conservative game. I think you may have an unrealistic view of what can be accomplished. Look closely at what he has done and ask yourself what it would take in terms of risk exposure to do more than that.

There are plenty of folks who make big money in the options business, BUT they pay for it, with increased exposure to risk. Eventually one or two things happen. One is they get greedy. At some point thereafter, they get burned.

Think about what you want. Do you want to make a reasonable profit and sleep at night, or lie awake wondering if you are going to survive the next triple witch expiration?

By the way, there is a secret of sorts to the options business. Naturally, you wont hear about it on any ET thread. If you check out McMillan's record it will be staring you in the face. Right out in the open. See if you can figure it out.

Steve
More...
 
Quote from steve46:

Hey:

Check out Larry McMillan's published record at his website

www.optionstrategist.com

Larry is a good professional who plays a conservative game.
More...

...and he's got a really crappy-looking website. Ugh! Tone down that yellow, Larry!

One thing I've got to say about all these advisors: they seem better at marketing themselves than wowing people with their amazing returns.
 
My advice - stay way from bigtrends.com.

I bought their 'premium' package and got a whole bunch of junk. Price Headley and his team talk a good game and they need to, but their analysis is terrible.

STAY AWAY FROM WWW.BIGTRENDS.COM ! ! !
 
Has anyone else tried Wicked Profits?

They seem reasonable. I mean by this their annual returns seem reasonable. They are in the range of 26% to 48% for the last several years.

I have been subscribing to them for a short period of time now and so far have made money.
 
I have only one trade with WP. So not much experience yet. I believe all they do is credit spreads on the indexes.

The trade I had was a June credit spread on the OEX. I made 0.50 on the trade. All though I got in a week late and others reported making between 0.70 and 1.00. The trade was close because of the market down turn, but ended on expiration date with the full profit.

I like WP because I believe they are honest in reporting their past results. I think this is the big problem with a lot of advisory services. They report hypothetical results from before they were in business, and then when they go into business their results don't even come close to matching the former.

I have tried about 10 different services in the past year. Mostly as a hobby. Most of them do not measure up to what they claim.

I would be happy to privately mail my experience with the various services I have tried to anyone who has interest.

However, since I have so far had a positive experience with WP I feel comfortable posting here about them.

After the July trade is closed with WP I will post out the results. All though you can probably check their web site to see the result for yourself.
 
One problem with WP is they only have one trade per month.

That's horrible from a money management point of view. Either you risk way too much on the one trade, or your position is so small it's not worth it.
 
You must log in or register to reply here.
Back
Top