The traditional way that people give to charities varies substantially from crypto philanthropy. Donor demographics, financing structures, and even the motivations for donating are all shifting, revealing the differences.
The increasing frequency of stock and crypto donations suggests that this kind of giving will have a huge long-term impact on the charity sector, and may even revolutionize philanthropy. The availability of cryptocurrency for charitable giving has already prompted fresh waves of younger people to look into and investigate philanthropy. This has really benefited smaller charities who are often ill-equipped to compete with larger organizations for contributions, but these may only be the beginning steps as digital assets become more ingrained in our lives.
Donations to cryptocurrency are skyrocketing
Last year was characterized as having the largest amount of cryptocurrency donations. According to Fidelity Charitable, a nonprofit that assists contributors when it comes to charitable giving, 45 percent of cryptocurrency investors gave to charity in 2020, compared to 33 percent of all investors. Back in 2020 Fidelity Charitable $28 million, before receiving roughly $331 million in crypto last year. Giving Block, a crypto contribution platform, announced $69 million in total donation volume last year in its annual report, a staggering 1,558 percent increase over 2020.
The simplicity with which cryptos may be sent to any area of the world allows charity organizations to receive contributions from all over the world. Many worldwide charities have begun to accept cryptocurrency donations. To cope with cryptocurrency, UNICEF developed CryptoFund, a new financial entity. Several large organizations, like the Red Cross and Greenpeace, have also started accepting cryptocurrency.
Being able to accept crypto has enabled many nonprofits to accept donor support, who have been unable to obtain money due to government restrictions. WikiLeaks, an international non-profit that distributes news leaks, was banned by the US government in 2010, and its funding was restricted by Visa (V), Mastercard (MA), and PayPal (PYPL). WikiLeaks is now receiving millions of dollars in cryptocurrency donations. Despite its meteoric rise, Bitcoin and cryptocurrency philanthropy remains a specialized type of giving that varies in many ways from traditional techniques.
Cryptocurrency users are, on average, significantly younger than traditional philanthropic givers. Over 60% of Bitcoin users are under 40 years old. The average age of crypto users in the United States is 38, while the average age of donations is 64.
In 2014, United Way, a global nonprofit organization, began accepting cryptocurrency. According to website analytics, the typical user is 45 to 65 years old, and 80 percent of them are female. Meanwhile, the average age of visitors to United Way’s crypto contribution site is 25 to 35 years old, with males accounting for 80% of the total. Cryptocurrency is attracting a big number of young individuals to philanthropy.
Responding to social media-advertised causes
The majority of Bitcoin donations are made by young, tech-savvy individuals who support causes that are gaining traction online. These contributors may be moved by sincere stories and personal connections to specific events. For example, narratives about the Russia-Ukraine conflict that were circulated on Twitter resulted in around $100 million in Bitcoin donations to help support Ukraine.
When India was dealing with the second wave of the COVID-19 pandemic, social media became a COVID-19 helpline with a worldwide reach, which ended up resulting in crypto contributions as well. Ethereum co-founder Vitalik Buterin was one of the contributors, donating about $1 billion in shiba inu (SHIB) tokens to India’s COVID-19 relief, which skyrocketed in value around the same time.
The Tor Project, a well-known non-profit dedicated to internet freedom and anonymity, received 58% of its donations in cryptocurrency in 2021. This generosity highlighted crypto contributors’ preference for data privacy above other causes.
To be sure, some cryptocurrency contributors may be unsure which non-profit or cause to support. But that’s a common problem when it comes to charitable giving.
Giving Block has just created impact index funds, sometimes known as cause funds. These funds will assist contributors in making educated judgments and may expose them to options they would not have considered otherwise.
Traditional giving has tended to favor well-known charities. Many funders have favored foreign charitable groups that are adept at reporting their accomplishments, but this tendency may be hurting smaller but equally deserving organizations.
Education, disaster assistance, food, and the environment are all covered by cause-based funding via crypto contribution platforms.
Donors can support a certain cause rather than a specific non-profit organization, and all non-profits will receive an equal percentage of the given funds. This system ensures that smaller non-profits are treated equally and that the greater cause receives more attention than larger, more well-known non-profits.
Transaction costs are lower
Donors may be drawn to crypto philanthropy for a variety of reasons. Donations are a way for crypto investors to avoid paying capital gains tax. Donating long-term valued assets directly can also help charities raise more money, and donors and non-profits can save money on transaction costs charged by typical financial services platforms.
According to the 2020 “Global Trends in Giving Report,” transaction costs for getting crypto donations are lower than those for receiving credit or debit card donations, which were the preferred form of giving for 63 percent of contributors globally. According to Charity Navigator, credit card processing fees, which are deducted directly from the donation amount, can range from 2.2 percent to 7.5 percent.
Meanwhile, a $2,000 wire transfer from the United States to India may cost $30 to $50 more in processing fees. When transferring the same amount over the Ethereum network, the gas fees might range from $10 to $15. Furthermore, there exist blockchains with significantly lower costs. Furthermore, crypto transactions might take as little as a few seconds or minutes, but cross-border currency transfers can take hours or even days.
Deductions for taxes that are appealing
Cryptocurrency donations to non-profits are tax deductible in the United States, the United Kingdom, Canada, Australia, and New Zealand, among other countries. Converting crypto to fiat, on the other hand, may result in capital gains taxes.
An investor can deduct the fair market value of a coin at the time of a gift by providing a long-term valued asset directly. For instance, if you purchased a cryptocurrency for $1,000 and it increased in value to $2,000, you may deduct the $2,000 value.
If you convert $2,000 to fiat, you must deduct 20% of the $2,000 in taxes paid from the contribution amount. As a consequence, investors can save anywhere from 20% to 30% on taxes.
It is simpler for nonprofits to target existing contributors than it is to recruit new ones. But with that said, as the demand to donate grows, many contributors choose to stay anonymous. Similarly, contributing a large sum of money may necessitate the completion of know-your-customer (KYC) and other forms of personal identification.
Donating in cryptocurrency allows contributors the option of maintaining their anonymity – even while making large donations. However, as several nations tighten their crypto legislation, such anonymity may not continue long.
More than 1,300 NGOs accepted cryptocurrency donations as of 2021. Crypto philanthropy is driving young people to donate by enabling unprecedented levels of direct donations and cause-based impact investing. As a result, the shift from organization-focused to cause-based financing will encourage small NGOs to adopt cryptocurrency.
These innovations have the potential to create new opportunities for NGOs while also disrupting existing donation practices, such as the work being done by Overflow.co
In this article, we get into some of the Chuck Hughes Optioneering reviews that I’ve found when investigating their system.
I went over their website, contacted their support team and read up on a few reviews that I managed to find online.
But if you want the quick version: I’d avoid them. They want $6000 up front to sign up, and it’s doubtful if the claims they make are legit. Besides, when it comes to a comparison of value for the money, a membership inside The Empirical Collective is a no-brainer.
Contacting Their Support Team
I started by contacting them through the support email listed on their website with a couple of basic questions.
I thought I’d start the conversation by asking them what kind of options they traded in their optioneering service.
Did they just buy simple calls and puts, or did they get into more complex options strategies?
Chuck Huges’ “Support” Staff
Upon receiving a response, their support agent only wanted to answer my questions if I contacted them via phone.
I found this to be very strange, as I had some specific questions I wanted answered and I didn’t want to spend a lot of time tied up on the phone.
I persisted, asking if he could respond to my questions by email.
A while later, I received this response:
It’s much better if we speak directly, since Chuck has multiple programs at different price points. However, the Weekly Options Alert service is currently available, after Chuck pays the $3000. USD enrollment fee for you, at an annual subscription cost of $6000. USD. The service includes puts and calls, market neutral trades, covered calls and ETFs. This includes all trades as well as back-up support, available by phone and email, 9 AM to 5 PM Pacific Time. With your subscription, you have access to Chuck’s proprietary website. Trades are sent to you by email. You simply follow the provided trade signals, using any online broker of your choice. If you have questions about the trades, you have access to back-up technical support by phone and email.
Based on this response, it looks like this system involves trading a variety of different options beyond buying basic calls and puts.
And while this isn’t bad by itself, people wanting to follow these trades will have to have accounts that are approved & funded well enough to trade these options.
But at a yearly cost of $6,000 up front I can’t see how anyone would pay that kind of money – especially when their services don’t have much in the way of reviews.
I politely declined to sign up.
For the record: I didn’t want to phone them because when I researched them online, I found that all of their “support” agents are actually trained salespeople in a call center.
So rather than answering questions, they try to hard sell you on their trading system as soon as you call them.
With that being the case, I decided the best course of action would be to email them.
Moving on, I decided to dig in a little more and research them online.
The Chuck Hughes Optioneering Results Claims
So I started with the claims they made on their website.
Hughes Optioneering trades weekly options, and claim to have a 94.1% trade win rate.
They say that their team has a combined investment expertise of more than 60 years.
Their website claims that Chuck Hughes himself began investing in options with a tiny $4,600 trading account, but within two years, he had gained more than $460,000 in profits.
According to them, the money he made just by trading options dwarfed his previous salary as a pilot.
They go on to say that even in the midst of all the global uncertainty, they have generated over $3.3 million in real gains over the last five years.
They make the claim that their brokerage account has made over $3,308,137.76 with an average return of 69.3 percent.
The average hold per trade is a whopping 67 days and the average annual return is over 370%.
They go on to say these figures came from 335 winning trades and 21 losers.
The Hughes OptioneeringTM Team claims these returns were made by trading weekly options.
The Hughes Optioneering Claims
These claims are incredible. And while they provide a list of returns by month on their website, as they use a variety of different option trade tactics, it’s hard to get an actual feel on the real world amount of money that is won or lost.
Win Loss Percentages Aren’t Always What They Seem
By this, I mean that – depending on the option trade tactic employed – you can have different amounts of money tied up in a trade.
And if the dollar amount per trade isn’t even (or close to) then the win/loss percentage isn’t necessarily representative of the actual percentage loss or gain.
And by using different option trade strategies, this becomes more of an issue.
In order to calculate this accurately, you’d have to use more of a weighted average based on the dollar amount invested per trade and then weight the win/loss percentage accordingly.
But I was curious if anyone had paid the money to join, so I kept looking and eventually came across this review…
Here’s one review I found while looking for more information on the Chuck Hughes Optioneering system:
Chuck Hughes and his fans claim that he’s a market expert or investing genius. But he’s ripped me off. Chuck claims to have discovered a secret recipe via experience and is willing to give everyone the secret through his training classes, which range in price from $6,000 to $15,000. But you have to pay up front.
A simple Google search of his name and fraud will teach you all you need to know – it’s all about high pressure sales tactics. All of the content on his YouTube videos is designed to encourage you to pay money for his online courses. Every huge promise is a ruse! I fell for those false promises and lost $7000 in the process of claiming to be a stock market expert. The main problem I have with this person is that he presents his track record as if he has never lost money before.
It makes it quite obvious that Chuck Hughes is a liar. He just sounds as if he has cracked the market and become a millionaire, and that there’s no possibility that he could ever fail.
But that’s now what I’ve seen from his online seminars, which aren’t even worth $70.
He even proclaims himself to be a global champion of trading!? I couldn’t find any proof…seems a little shady to me.
I attended his presentation in Washington, D.C. few years ago. There were probably 150 people in attendance, each paying $2,000.
I feel that he makes most of his money from these events and training rather than by actually trading options.
Overall, I feel that his claims are not quite true and I recommend avoiding him.
The Chuck Hughes Optioneering Review
All things considered, I can’t recommend their service.
I feel that for the initial buy in of $6000 for one year, there should be a lot more proof that is readily available and shown on their website.
It feels like it’s more geared towards being a sales machine than an actual trading firm.
So what can you do if you want to avoid this scam and make money trading?
After all, their win rate is great and they are a lot more clear about what they actually offer their members. (And their membership fee is a fraction of what chuck huges optioneering seems to offer.
When people searched for chuck hughes optioneering reviews they were also interested in the following topics as well:
TradeWins com reviews
We found this review when we looked for insight into tradewins com reviews:
I decided to enroll in the course. I found that the course’s details were greatly overstated.They aren’t even close to keeping even 10% of their promises. They claim that the advice they give is 100 percent guaranteed to provide excellent outcomes. Some worked, but most failed. Once I completed the course, I found out that the suggestions were all the same and that there was nothing new in the training.
To be fair, I did make a small profit once in a while. But there were a lot of times that I failed miserably. Each week, they also gave out 4 trade ideas. I’d say they were 50 percent successful. Occasionally, even less.
The two-year membership included 4 trade alerts every week.
But after three months, they quit sending me the trade alerts.
I even called them to report the issue. And it took them more than 15 days to respond to my inquiry. I continued waiting for their phone calls and emails, but they kept making me wait.
I recognize that the market is never predictable. But I feel that they are very deceptive and I felt tricked when they stopped sending me the tips.
Trade Like Chuck
Trade like Chuck is a book written by Chuck Hughes where he supposedly explains how to make money trading.
Except even with a quick look at some of the reviews posted on goodreads, it seems that the book misses the mark.
One review claims that the examples in the book must be made up, as “No one could buy a protective put for far less than it is worth.”
Do you prefer to work from home or in an office setting? Or maybe working from different locations – or at different times of the day – helps you to get more done.
Although hybrid working isn’t new, the pandemic has forced many organizations and workers to reconsider how they work and how they want to work in the future. In this essay, we’ll go through the advantages and disadvantages of hybrid working, as well as how to set up a productive hybrid working environment.
How Does Hybrid Working, Well, Work?
Hybrid working allows you to work from home and in the office. You could, for example, work from home one day, and then go into the office once in a while to discuss things with your team or meet up with a mentor at a café one day.
You can work from anywhere, whether it’s your workplace, home, or the shop or factory floor, with hybrid working. You might opt to work from a variety of sites each day or focus on just one.
However, hybrid working is more than simply about where you work. It’s a type of flexible working that allows you to have more control over your schedule. Employees can pick working hours outside of the usual nine to five, and teams can collaborate across time zones.
Is Hybrid the Right Fit for You?
Hybrid working has a lot of advantages for businesses, including lower real estate expenses, the potential to recruit global and varied talent, and higher productivity. Employees in hybrid teams can achieve a better work-life balance while still having face-to-face interactions with their coworkers.
In addition to this, the technology that allows workers to work from any location is allowing companies to scale their workforce however they need to.
Now, the space of an physical office isn’t a limiting factor, as not all workers will be in the office at the same time. (And if workers choose to work 100% online, it offers even more scalability to the workforce.)
This increased flexibility and scalability allows business to expand and contract their workforce as required.
And with the rise of the gig economy and how the world’s workforce is connected digitally, it opens the doors to hire incredible employees (whether full-time or contract workers) from around the world.
From a business’ perspective, it opens the door to a vast and highly motivated workforce that can help meet the needs of their business virtually on-demand.
It’s Not All Positive…
However, there are certain drawbacks. One of the biggest challenges, is keeping to established work methods. Using outmoded technology or depending on open-plan workplaces to maintain business “culture” might, for example, alienate remote workers from their office-based colleagues. As a result, communication hurdles may arise, and the performance of remote workers’ may suffer as a result.
This is where the FLYDESK app really shines, as they allow teams to find the perfect balance between office and remote work. They even include different options for collaborating teams and how you can effectively optimize how shared office spaces are used.
But in terms of making the switch to a hybrid work model, it’s critical to pay attention to both physical and digital modes of working for hybrid working to succeed.
Let’s have a look at how you can accomplish this.
How to Create a Successful Hybrid Workplace
1. Prepare the Groundwork for Hybrid Work
At any moment, you can switch to a hybrid configuration from all-office to all-remote work. However, it will need meticulous planning. Make sure you convey your hybrid rules and processes effectively to ensure a seamless transition.
2. Align Tasks with the Most Appropriate Locations and Times
Experiment to see which job duties and tasks are best done in particular places, as well as which behaviors cause stress and inefficiency.
Tasks that need attention, for example, may be better suited to working from home since there are less distractions.
Alternatively, if you need to collaborate on a project hour by hour, having the entire team work in the same area may be more effective.
The authors of “Remote, Inc.: How to Thrive at Work…Wherever You Are,” Robert C. Pozen and Alexandra Samuel, propose keeping track of your productivity and well-being by location and time of day. For example, keep track of how many words you typed, how many emails you responded, and how you felt at the end of the game. These figures may be entered into a spreadsheet, such as our Day in the Life of (DILO) Analysis worksheet.
Your results will aid you in determining which aspects of your career you excel at – and when. Additionally, this data may assist managers in identifying opportunities and inefficiencies that need to be addressed, as well as assisting them in developing ideal working arrangements for their team members.
3. Concentrate on the outcomes and outputs
To help employees concentrate and be more creative, try to divide the scope of your projects into individual tasks and allocate each one a certain amount of time to accomplish. Then assign these tasks to team members who are in the areas where and when they are most productive.
Understanding just how duties are interconnected can really help team members be accountable to one another and to the organization’s main goals. To do this, make sure that everyone is communicating with other members of the team as to just how much progress they’re making.
Rather than being seen at the office or always on-call, the focus should be on outcomes and quality of work. However, in order for this to work, leaders must be able to stand back and avoid micromanagement.
4. Make Use Of Smart Areas
According to the MIT Sloan Management Review, there will be “trade-offs” between the benefits and drawbacks of hybrid working.
Individual benefits of remote work, for example, might stifle the innovation that comes from individuals bouncing ideas off each other in person.
A “hub-and-spoke” approach can aid in this situation. This occurs when a company has a central office (or hub) and distributed workplaces (spokes). Employees will have more opportunity to come into the office for collaborative work or to create rapport, and feelings of isolation will be reduced.
Workplace design should also inspire teamwork. Open-plan workspaces with hot desks and breakout rooms are ideal for encouraging collaboration and creativity. However, conference rooms and quiet places should be available for more concentrated work.
5. Make Use of Technology to Collaborate
Today’s online collaboration solutions assist employees in productively collaborating and maintaining positive connections. They may also do the same with hybrid employees.
Apps like Miro make it possible for users to interact in real time without needing to be in the same place. Meanwhile, some instant messaging applications employ artificial intelligence to link “virtual coffee pals” and replicate those serendipitous workplace meetings.
eXp Realty employs virtual reality (VR) headsets to allow coworkers – and their avatars – to interact in virtual environments. Some manufacturers utilise augmented reality (AR) to develop, test, and manufacture their goods.
6. Think about how you communicate.
As a hybrid worker, technology is essential for successful communication. According to one research, inadequate digital communication is a barrier to work for 70% of employees, resulting in an average of four hours lost each week.
When humor or sarcasm isn’t used in person, for example, it’s easy to misread. It might even be construed as disrespectful or offensive, resulting in a quarrel.
To minimize miscommunications, Erica Dhawan, author of “Digital Body Language,” suggests starting emails with a pleasant “Hello,” using proper grammar, and include emojis (appropriately). These can help you replace the non-verbal cues that account for 80% of face-to-face conversation and show your admiration and respect for others.
Testing which aspects of cooperation work digitally and which don’t, and modifying your communication style appropriately, may be part of hybrid working.
7. Accept Asynchronous Work a Part of Your New Norm
If your hybrid team is spread out across the globe, asynchronous tools can be used to allow employees to interact and contribute when they log on.
Consider the following scenario:
When you have a question or need assistance, send an instant message to your team and make yourself digitally accessible to others.
People may contribute at any moment by brainstorming using shared documents or Miro boards.
To keep everyone informed, record all business meetings and post them to your company’s YouTube page or intranet.
Asynchronous communication can let people bring their whole selves to work and unleash their creativity by easing the burden of delivering ideas in person. You may also encourage people to better manage their limits and “switch off” from work by accepting it.
8. Reconsider your meetings
Asynchronous work can also cut down on the number of meetings required. Employees are 24 percent more likely to feel emotionally tired by extra meetings, according to one research.
Some individuals may be in the office while others participate from off-site during hybrid team meetings.
To guarantee that everyone has the opportunity to participate:
- Host from a conference room where everyone can hear and be heard, whether they’re on-screen or phoning in.
- Have everyone connect from their computers so that everyone may contribute equally.
- Assign a facilitator to guarantee that everyone has an opportunity to speak – and that the meeting stays on track.
While all-face-to-face or all-online meetings may be easier to plan, a combination of the two may result in more new perspectives and inventive ideas.
Simultaneously, be open and honest about what is and isn’t working. If sluggish technology is preventing workers from meeting face-to-face, try inviting everyone into the office for “must-have” catch-ups when possible and appropriate.
In this Base Camp Trading Review I’ll show you if Basecamps’s worth your money, of if there are better choices.
Basecamp trading boasts having 129,000 members, and 75 years of combined trading experience.
They claim to have been created specifically for people who don’t have large trading accounts, who want to learn how to trade the right way.
But do they deliver on their claims?
In this Base Camp Trading Review, I’ll cover what they claim and then highlight some user experiences.
Former members of Base Camp Trading have since switched to The Empirical Collective. With their higher trade win rate (with proof), exclusive trading tools and better pricing, it provides a lot more value than Base Camp does. Click here to see proof of their trading record.
Base Camp Trading starts by giving potential members an outline of their onboarding process as follows:
- Joining and going through their price action trading course
- Practicing on a simulated account with trading mentors and peers in trading dooms
- Begin trading with 1 contract at a time
They claim to have 2 live trading rooms, first rate trading technology and indicators, along with pros who have a lot of market experience.
There is also a reference to a chat room that is available 24/7 where you can ask questions as well as videos emailed out regarding the daily and weekly market outlook.
The Basecamp Trading Strategy
Base Camp Trading claims that they strategize rather than speculate, and teach their uses to find asymmetric risk vs reward trades.
They say that they focus on consistent, repeatable trades (hitting singles rather than home runs.
Information on Their Returns
They claim that the amount of money you make per month is up to you.
I guess they feel it depends on how much you trade and how you scale in and out of their trades.
They also mention that one of their programs has a 94.8% win rate (with a 5.3% return per trade), but there were no links, pictures or links to any form of proof to back this up.
Compared with competitors like The Empirical Collective (who show proof of a 95.918% win rate, where their the average return per trade was 30.91%.
The “Mastermind” Behind Base Camp Trading Business & Website
President & Founder Drew Day
Drew the one of the trading gurus who started Base Camp Trading and says he’s a 16-year hedge fund veteran. He says he’s managed over $6.5 billion in assets. Apparently, he has experience in systematic trading and portfolio management, specializing in trading futures markets using a low-leverage strategy. He traded 40 distinct futures markets across eight different industries as a Commodity Trading Advisor (CTA). Drew has spoken at Bloomberg Markets in London and New York, and his name appears as a top industry expert in Bloomberg Wiley’s book “A Visual Guide to Hedge Funds.” He also works in proprietary trading and has his own business that specialises in quantitative, behavioural, and machine learning trading techniques.
The Money & Cost
On their website, they say it costs $97 a month.
Overall Thoughts on the Base Camp Trading Site
They don’t say if they give specific trade ideas or alerts.
When reading their website, it implies that they are more about supplying general ideas for swing trades and market direction in the videos they send out to their members.
It seems that members are more left to follow along any of the trades they post inside the trading room – as an “in the moment” kind of thing.
The Final Thought On This BasecampTrading Review Before Looking At a Review From the Internet
At the end of the day, Base Camp doesn’t seem transparent enough.
With no proof of the trade win rate that they claim, I recommend a hard pass on their service.
They didn’t really make it clear as to whether or not they would provide exact trades to follow in their trading rooms.
Or what kind of trades (daytrades or swing trades) would be provided (if any) once members are in the trade rooms.
It seems like you can observe and if you’re quick enough,
Especially as there are so many other better services available.
Reviews from The Interwebs: Basecamp Trading Review: The Drew Day Scam!
There seem to be a number of very negative Base Camp Trading reviews online.
One of the chief concerns from the negative review we found seem to be that Base Camp charges to learn different trading techniques and indicators.
The Naked Trading Mastery Course – Complaints About Their Futures Trading Products
In selling their monthly membership, Base Camp offers potential customers a trading course they say is worth over $800.
But on one critic’s review, he alleges that the trading info Base Camp provides “is absolutely useless.”
The critic went on to say that when he entered the trading rooms, he couldn’t find any “actionable information or trade recommendation.”
He felt that the trading moderators were talking rather than trading.
The reviewer also claims that “Thomas Wood of Base Camp Trading was clearly paper trading or using a simulated account” and that he posted only generic directional ideas on his Twitter and Stocktwits accounts, rather than trade specifics.
This same negative review looked to be posted in many different places online.
When I looked into any complaints listed on BBB.org, there weren’t any.
So it’s tough to say for sure whether this complaint is legit, or if it’s a someone who bought the service, lost a few trades and then went posted negative reviews because of it.
When looking for a base camp trading review, most request about their trade performance
And while they claim to have a 94.8% win rate for one of their products, I couldn’t see any proof whatsoever to support this claim on the base camp trading official website.
If a company is going to make a claim as to their trade win rate, they should provide some sort of proof.
Bottom line : if you’re making a claim you should provide some sort of proof.
With this lack of proof, it makes Base Camp seem a little less trustworthy.
And because they don’t seem to come right out and say whether they will be providing specific trades for their members to follow, we would have to assume that this isn’t part of their product offering.
Maybe their taking a little more of a “general market” advisor approach where they let people take their price action trading style courses and then make their own trades from there.
People were also interested in the following topics…
Base Camp Trading
Basecamptrading is a website offering “learn to trade” information as well as a trading chat room. There have been many negative reviews posted about them, with previous customers saying a membership inside TheEmpiricalcollective.com provides much better value.
The reviews we found weren’t kind to BaseCamp. It seemed one upset user posted the same horrible review multiple times all over the internet. Because of that, we have to recommend a membership inside TheEmpiricalCollective.com as a better choice.
The naked trading mastery course
The naked trading mastery course could refer to two different courses. The first is the one made by BaseCampTrading where they say they will teach you everything to know about trading using price action. They sell this on their site for just under $900, but it’s really there just to be used as a bonus to get people to sign up for their monthly membership trading rooms.
The other course is a course offered on Udemy that is a primer on learning how to trade forex.
What are the basics of trading options?
Options are contracts that provide the bearer the right, but not the responsibility, to purchase or sell a certain quantity of an underlying asset at a predetermined price at or before the contract’s expiration date. Options, like most other asset types, may be acquired through standard brokerage accounts.
Because they can improve a person’s portfolio, options are a valuable tool in any trader’s aresenal. They do so by increasing their revenue, providing protection, and even using leverage.
You can also use options to generate additional revenue against stock you might be holding. They’re also frequently employed for speculative objectives, such as betting on a stock’s direction.
Options Are Part of the Derivative Family
Derivatives are a bigger category of securities that includes options. The price of a derivative is determined by or derived from the price of something else. Options are financial security derivatives whose value is based on the price of another asset. Calls, puts, futures, forwards, swaps, and mortgage-backed securities are all examples of derivatives.
Calls and Puts
Derivative securities, such as options, are a sort of derivative security. The price of an option is inextricably related to the price of something else, making it a derivative. When you purchase an options contract, you are given the right but not the responsibility to buy or sell an underlying asset at a certain price on or before a specific date.
A call option entitles the holder to buy a stock, whereas a put option entitles the holder to sell a stock. Consider a call option as a deposit for a future purchase.
A put option allows the holder to sell a stock at a predetermined price. So if the price of the asset dropped, the person holding the put would make money.
Sooo, how do options work?
When it comes to pricing option contracts, it all boils down to calculating the likelihood of future price events taking place.
The more probable something is to happen, the more expensive it will be to buy an option contract that covers the likelihood of that event happening.
A call’s value, for example, rises when the stock (underlying) rises.
And then when a stock drops, a put’s value increases.
This is crucial to getting your head around option contract pricing.
How Time Decay Affects Option Pricing
The closer an option gets to its expiration date, the less valuable it becomes.
This is because as we go closer to expiry, the odds of a price change in the underlying stock drop dramatically.
So if you buy an out-of-the-money one-month option and the stock doesn’t move, the option loses value with each passing day.
A one-month option will be less valuable than a three-month option since time is a factor in the price of an option.
This is because the likelihood of a price change in your favor increases as you have more time available, and vice versa.
As a result, an option strike that expires in a year will cost more than an option strike that ends in a month.
Time decay is the cause of this option losing value as time goes by.
If the stock price remains unchanged, the identical option will be worth less tomorrow than it is now.
Volatility Also Affects The Price of Options…
Option prices are also affected by volatility.
This is because uncertainty raises the chances of a positive outcome.
Larger price fluctuations enhance the chances of significant moves both up and down as the volatility of the underlying asset rises.
Price fluctuations that are larger will enhance the likelihood of an incident occurring.
As a result, the more the volatility, the higher the option’s price.
In this sense, options trading and volatility are inextricably intertwined.
A stock option contract is the choice to purchase or sell 100 shares on most U.S. exchanges; this is why you must multiply the contract premium by 100 to determine the total amount you’ll have to pay to buy the call.
Remember to always paper trade and get a handle on pricing options before start any challenge base.