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Chuck Hughes Optioneering Reviews: Legit or Full-Blown Scam?

Chuck Hughes Optioneering Reviews: Legit or Full-Blown Scam?

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.

trade like chuck reviews

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

tradewins com reviewsSo 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?

At this point, I feel it’s best that you either learn to trade on your own, or look into better alternative like The Empirical Collective.

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.

 

Hughes Optioneering Reviews

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.”

Right Way Options Reviews: Is this Service From Hit and Run Candlesticks Worth The Crazy Amount of Money They Charge?

Right Way Options Reviews: Is this Service From Hit and Run Candlesticks Worth The Crazy Amount of Money They Charge?

When you’re looking at signing up for an option trade alerts service, it’s always a good idea to look into them. And with that in mind, we’re looking into Right Way Options Reviews.

Of course, with that said, in my opinion, no options trading service is able to even come close to the value and trade win rate of The Empirical Collective.

What is this all about?

Right Way Options specializes on options trading. And they also have different seminars and trading rooms to try and help traders learn the basics. They offer something called The Top Gun Trading program, which focuses on intraday trading. Their trading room is open between 9am and 11am EST.

The idea is to combine live sessions and trader commentary to help others learn about chart setups, momentum trades, & trade management.

A Service Provided By Hit And Run Candlesticks

Right way options is a product of Trade Hawk & Option eyes, sold through their website Hit & Run Candlesticks.

On their webpage, they say their trades are based on longer term option and stock trades. Based on this statement, I’d have to assume that they’re trading leaps for their option trades.

But they say their trades have a long term time frame – so they are focused on swing trading.

Which, for most people, is a much better option than trying to day trade.

hit and run candlesticks

Right Way Options Membership Choices

From their website, it looks like they charge $223 per month for their regular trade alerts if you want to pay month to month.

If you want to pay quarterly, the price is $594.

They also have a semi-annual payment option of $1,188 or an annual payment option of $1,787.

This pricing easily puts them at the high end of the spectrum in term of the cost of their membership.

Especially when you compare that with a membership inside The Empirical Collective which is a fraction of the price.

right way options

What’s Included with Membership to Right Way Options

When you sign up, they give you access to a trading room and then send trade alerts to your phone.

And, depending on the membership payment option you select, you may get anywhere from two to seventeen trainings consisting of ebooks and video training.

There’s no mention of the number of trades that they give out.

Trade Results – Can They Justify Their Options Trading Price By Making You Money?

Instead of listing an average trade win rate, or yearly return average, they have provided monthly return statements.

I looked at a few monthly returns, and most of them seemed to be single digit returns.

But when you look at a statement, they do seem to track year to date return and the overall return if you’d have invested with them back in January 2018 like this:

investment company reviews

Now, they looked to be providing updates like this for some time, but it doesn’t look like they’ve done any updates in the last two years.

They are still posting on their social accounts, but they haven’t kept up with their trade results.

I’m not sure what conclusion to draw from this, but it doesn’t look good – especially when they’re charging so much.

And it looks that much worse when competitors like The Empirical Collective, who provide current examples of their trade results.

Right Way Options Reviews

Overall, my view of their options trade service is this: I can’t see how they can justify the price of their trading service.

Based on how they’ve laid out their membership purchasing options, it looks like they’re trying to get you to commit to buying a year of service up front by bribing you with a a stock and options trading course.

They’ve shown some trade results, but those results didn’t look particularly impressive.

Especially as other option trade alert companies seem to offer better returns for a lower price.

right way options reviews

When people were looking for right way options reviews, they were also interested in these topics

Reviews for hit and run

This Hit & Run Candlesticks thing is a group the tries to help traders in transitioning from losers to winners. It’s designed to help newcomers with education, training, and live aid.

Hit & Run Candlesticks provides trading instruction in three areas: technical elements, Right Way Options for options trading simplicity, and Top Gun Trading for day trading mastery.

Monthly, quarterly, semi-annual, and annual memberships are offered for Hit & Run Candlesticks. The membership price provides traders with access to a live trading room, live pre-market review, and trading education 24 hours a day, seven days a week. Chart patterns, candlestick indications, trends, trend lines, support and resistance, price movement, and other technical characteristics may all be learned by students.

hit and run rated

How to choose the right options strike price

Here are a few things to keep in mind if you’re trying to use the right strike price.

  • A put or call option’s strike price is the price at which it can be executed.
  • A trader with a high risk tolerance may choose a strike price above the stock price, while a prudent investor may prefer a call option strike price at or below the stock price.
  • A put option strike price that is at or above the stock price is also safer than one that is below the market price.
  • Losses can arise from choosing the improper strike price, and the risk grows as the strike price moves further out of the money.

Can you buy a put option on stocks?

Yes. If you think the price of a stock will drop, you can buy a put option on a stock. With that said, the stock you want to short has to have liquid options that are available to trade.

So just having options available to be bought and sold on a particular stock isn’t just enough – you have to ensure that there is a market for those options.

In other words, you have to ensure the option contracts are liquid. And you determine whether or not they’re liquid by checking the bid ask spread on the options. If there’s a big difference between the bid ask spread then it isn’t liquid.

Right way trading company

The Right Way Options trading service is run by Trade Hawk and the company Options Eyes. They aren’t really a company on their own, but rather, a service offered by Trade Hawk.

What is the best investing broker?

A lot of people choose low price broker options like RobinHood. And they are fine, but once serious, most people eventually change to a company like TD Ameritrade.

With zero trade commissions, top-of-the-line educational programming, enhanced trading platforms, and a user-friendly mobile app, TD Ameritrade provides a full-service brokerage experience that can meet the needs of both new investors and advanced day traders taking positions in a variety of asset classes. Because of the instructional information and overall simplicity of use, TD Ameritrade is one of the finest solutions for new investors.

TD Ameritrade has been bought by Charles Schwab, but it continues to operate as a distinct organization, so we’ll look at how it rates as a standalone brokerage to see whether it’s a suitable fit for your investment requirements.

What is the best investing platform for an option order?

Questrade is a good option. They offer their trading via a desktop platform, their app, IQ Edge, and Questrade Global. A lot of beginners really like Questrade as they’re really simple to use and their platform is really intuitive.

CIBC Investor Edge. The Investor’s Edge website and the CIBC Mobile Wealth app are the only two trading platforms offered by CIBC Investor’s Edge. There are no sophisticated trading systems available.

The website is simple to navigate, but their app has received mixed reviews. On the App Store, it has a rating of 3.3 stars out of 5 stars, while on Google Play, it has a rating of 3.5 stars out of 5. Those with Wood Gundy, Imperial Investor Services, or Private Investment Counsel accounts can also use the app.

The charges for options trading are $6.95 per trade + $1.25 each contract. Commissions are $5.95 per transaction + $1.25 per contract for students (who must have a CIBC Smart Account for students). Active traders (those who trade 150 times or more every quarter) pay $4.95 per trade + $1.25 per contract. The commissions for trading on American exchanges are the same as for trades on foreign exchanges, but in US dollars.

There are no account minimums to start trading, and CIBC offers simple instructions on how to make options trading.

Interactive Brokers. They offer trading via Client Portal (the company’s website), Trader Workstation, and IBKR Mobile are Interactive Brokers’ three trading platforms (its app).

The website is easy to navigate, and making a deal is straightforward. The app has a 3.8 out of 5 star rating on the App Store and a 3.5 out of 5 star rating on Google Play.

In comparison to its competitors, commissions are relatively modest. For less than 10,000 transactions each month, they start at $1.25 per contract, with a minimum price of $1.50 per order. If you make 10,001 to 50,000 transactions per month, the commission is $1.15 per contract, $1.05 per contract if you make 50,001 to 100,000 trades per month, and $1 per contract if you make more than 100,000 trades per month. There is, however, a $1.50 minimum payment.

For less than 10,000 trades per month on American exchanges, charges range from $0.25 to $0.65 per contract, depending on the option’s pricing. The minimal fee is $1 USD. The smaller the fees, the more contracts you trade. When you trade more than 100,000 contracts every month, they might cost as little as $0.15.

They don’t have an account minimum that you have to meet before you start trading.

What are real time trade alerts?

A “real-time” stock alert is one that arrives immediately after a trigger is triggered. This form of warning is very immediate and requires a continuous supply of market data.

Consider setting up an alert for a new 52-week high in Apple stock. With a real-time alert, you’ll know the second Apple shares hit a new high — not minutes later. As a result, rather than chasing after the market, you may react to price action as soon as it occurs.

Whether or not you need real-time alerts depends a lot on the trading you do: if you daytrade you will need instant real-time alerts. If swing trading, you might not need instant updates – if there’s a bit of a lag it’s often not quite as critical.

What is the best option Alert Service?

The best option alert service is easily The Empirical Collective. The amount of value they offer their subscribers is unmatched. And the price of their membership is very inexpensive right now, but they say it will increase soon.

What market platforms offer the best experience?

I recommend Questrade, RobinHood or the thinkorswim platform by TD Ameritrade.

Hit and Run Reviews & Right Way Options Reviews

The Trader Vision 20/20 Monthly Subscription is also included with Hit & Run Candlesticks. The subscription costs $149 for the first 60 days and then $37 per month after that. Trader Vision 20/20 helps traders build a standard trading method, improve the quality of their deals, detect and eliminate trading difficulties, manage their emotions, and measure their success. Overall – and to sum up Right Way Options Reviews – I would say that you should avoid Hit and Run Candlesticks and their Right Way Options trading service as they’re just too expensive.

Here’s Where to Find The Best Paid Service For Options Trading

Here’s Where to Find The Best Paid Service For Options Trading

There are many different services out there offering trade alerts, but which one is the best paid service for options trading?

The real question is: who offers the most value?

Based on our research – in comparing with other services – we feel that The Empirical Collective is hands down the best.

The Empirical Collective was designed to help their members increase their investment portfolios by providing stock option trading services with entry and exit option alert signals.

They utilize AI to provide them with a list of great trade ideas and then filter it through the experience of experienced technical analysis traders. Once a trade has been found, they announce them via immediate email so that their members may make the same trade and profit.

Rather than just providing great trade alerts, they also give their users access to exclusive tools they’ve developed.

options trading service

The Option Trade Alerts

On their website, they show example trades that produced a trade win rate of 95.918% and then further elaborate that their typical win rate is around the 90% mark. Which is pretty exceptional.

Of course, you can never take past returns as being a guarantee of future returns, but at least it shows that they’ve been successful.

They also mention that they average about 2 trade alerts per week and provide a link to their past closed trades.

Of course, if you’re going to follow trade alerts, you have to accept the fact that you are not buying a guarantee of 100% trade success (even though The Empirical Collective offers a trade performance guarantee), but that you’re just increasing your odds of trading profitably by using the systems and skills of advanced traders.

options advisory service

Trading Tools

In addition to their trade alerts, The Empirical Collective also offers their members access to their custom research tools.

trade alert servicesThe Social Sentiment Tracker

One of their main tools is a social sentiment tracker that checks many different online trading boards and gives a summary on the stocks that over 19 million traders think will go up or down.

So rather than having to spend hours doing all this research yourself, at a glance you have all the collected data at your fingertips. And it’s generated every couple hours so you can keep tabs on it throughout the day.

By doing this, you can quickly see if there are any stock positions that you should look into (like if there is going to be a huge short squeeze on GME or AMC again).

best trading alert serviceFuture Development

In addition to the Social Sentiment Tracker, they are also developing a U.S. Government Stock Transaction Tracking system.

This tracker will be designed to track all the trades that are disclosed by the U.S. Representatives, U.S. Senators & members of Congress.

So you can see what the people behind the curtain are trading.

In addition to that, they are building an Off-Exchange Trade tracker that will shed some light on huge blocks of shares that have been traded outside of the regular stock markets.

Again, this is being developed to give their users even more insight into where the big money is moving.

Additional Trade Ideas

In addition to their trade alerts, The Empirical Collective also provides research on small cap stocks that they feel have the potential to 10-1000x in the next couple of years.

These are companies that are positioning themselves to dominate emerging industries, or who have unique offerings designed to disrupt the status quo or meet customer demands in a unique way.

Pricing

Many trading services charge per year (often $2500 or more per year), and those that don’t are generally $100/month or more.

And with The Empirical Collective charging $59 per month (at the time of writing at least, but they say the price will increase) they are easily offering more value than any other service on the market.

All things considered, we think The Empirical Collective offers more for significantly less than any other service on the market.

 

Best Paid Service For Options Trading

People wondering about the best paid service for options trading were also curious about the pros and cons of trading options.

The Good Things About Trading Options

  • If you’re trading options trading, you don’t need nearly as much cash on hand as you would if you were trading stocks.
  • You can trade options even if you have a small trading account.
  • There is an opportunity to make huge returns due to the high leverage of options trading.
  • Even small 3-7% rise in the stock leads can bring gains of 100 percent to 200 percent for the same options. (This opens the door to big opportunities to make money with big macro moves or other market moving events.)
  • Traders can make money if the market is headed up, down, or sideways by if they’re trading options.
  • You can trade options to help diversify your portfolio.

best trading alert serviceThe Bad Things About Trading Options

  • To properly trade, you need to develop your own trading system that will be able to constantly provide winning trades – regardless of market conditions. This requires years of research, trial & error, and refinement.
  • Finding the next great trade takes an incredible amount of time & research.
  • It’s a tough learning curve. Financial charts can be tough to understand, requiring years or decades of practice.
  • The jargon of trading can be very perplexing. Many people feel that to perfect the skill of trading, you’ll need at least 10,000 hours. And they aren’t wrong.
  • Staying on top of open trade positions can be exhausting, making it hard to keep up with the market’s pulse.
  • You have to be able to effectively manage your risk when trading – in addition to everything else.
  • Trading successfully necessitates a strong level of self-assurance, as well as faith in your decision-making ability.
  • Delays in making judgments, making bad decisions, and making mistakes may be tremendously damaging to a portfolio.
  • A strong desire to trade stocks and options is required for trading success.
  • To be able to focus and make informed judgments, your personal life must be stress-free.
  • To prevent distraction and have self-confidence, your physical health must be in tip-top form.

trade genie reviews

The Webull trading platform

With its clean design for desktop and mobile apps, Webull will appeal to the mobile-first generation of casual investors, but the brokerage also offers an astonishing selection of tools for aggressive traders. With that said, it lacks access to a few common asset classes, doesn’t have much instructive material, and can leave real newbies in the dark.

Motley Fool Options

The Motley Fool Alert Service

The Motley Fool’s alert service is quite expensive, where you have to pay for a full year before you can start your membership. Aside from that, their returns are marginal at best. Most of the good reviews on the internet come from people who are promoting The Motley Fool itself.

The Gatsby Trades Questions

Similar to Robinhood, Gatsby is a stock and option trading program that does not charge commissions. Due to having a $0 commission on trading options is its key selling point. As a result, Gatsby is one of the few sites that allows you to trade options for free.

Benzinga Trade Alert Services

Benzinga is a professional trade alert offering, and it’s monthly charge of $350 per month shows that they aren’t messing around.

What is the best options trading advisory service?

Simply put, The Empirical Collective offers more value than any other competitor out here.

Market Chameleon

What is a trading alert service?

You can use swing trading alerts services to profit from short-term market fluctuations. To follow a swing trading approach, The Empirical Collective provides trade details & explicit recommendations on when to initiate and exit positions.

Is TradeStation good for day trading?

TradeStation is a piece of desktop trading software and it’s quite sophisticated, making it ideal for professional investors and day traders. Customizable charts for research, automatic method trading, and complex order management are all available on this platform.

What to keep in mind when searching for the best options trading advisory service or an options trade alert service

The most important thing is that they match your trading style. Don’t sign up for a service that day trades if your schedule only allows for swing trades.

And whatever you do, make sure you use proper trade management and only use money you can afford to lose if you’re trading.

The Motley Fool Options and Stocks Investing

The Motley Fool is one of the most well-known names in financial journalism. Tom and David Gardner founded the firm in 1993, when they began offering their investing advice online. This was back when AOL was still alive and well, before services like MarketWatch and Yahoo Finance existed.

Due to their innovative approach to investing, the Gardner brothers immediately gained an internet following. The Wall Street Journal and Investors Business Daily catered to seasoned investors and Wall Street hotshots, while The Motley Fool talked directly to everyday investors. Simply simply, The Motley Fool speaks the people’s language. The Gardner brothers taught fun investment concepts that anybody could understand.

Options Trade Alerts

Motley Fool Options is an options notifications service that debuted in 2009, nearly seven years after Stock Advisor (the stock-picking service). The Motley Fool Stock Advisor was a huge hit, and the company wanted to offer a comparable service for options traders.

The major feature of the Motley Fool Options service is option alerts. The teaching is ok, but most people look for their option notifications.

Every month, the Motley Fool publishes a few new option ideas. These option notifications are great for swing traders and investors. While the warnings are useful, day traders are more likely to choose a more active service. In fact, one of the reasons Motley Fool Options stands out is that it employs an easy-to-follow trading strategy.

The majority of casual investors and traders do not have the time to monitor the market 24 hours a day, seven days a week. While Motley Fool Options take more attention than stocks, they are still quite simple to operate. The team produces suggestions for longer-term traders so that you don’t have to worry about your holdings all day.

Trade Types

I imagined Motley Fool Options to be a fairly simple options notifications service when I originally signed up. I anticipated the firm to suggest a few large-cap equities for long-term calls and puts. In fact, the service is significantly more thorough.

The choices tactics used in the suggestions are diverse. To begin, the team suggests both purchasing and writing options. The team may propose purchasing calls, writing puts, or a mix of the two, depending on the warning.

Furthermore, the suggestions extend beyond simple call/put techniques. The options strategy is given the same amount of attention as the trading thesis by the team. If the team were optimistic on Apple, for example, they wouldn’t merely suggest “buy AAPL calls.” They’d devise an options strategy that maximized gain while reducing risk.

One thing to keep in mind is that if you go with The Motley Fool, this service will include SELLING options. This will require a lot more trading capital (and will require your account to be approved to sell options first).

Trade Genie Reviews: Are They Really The Best Choice?

Trade Genie Reviews: Are They Really The Best Choice?

Trade Genie is a trading company that offers a variety of different types and styles of option trade alerts to their members – the majority of them are a form of swing options service.

To cut to the chase: If you’re looking for the best trade alerts, The Empirical Collective offers more value than any other service. From incredible trade alerts, exclusive stock research & cutting edge research tools, they offer more value than any other service in the industry. You can check them out here if you’re interested.

But in this article, we’ll go over what they have to offer.

Trade Genie Inc Trade Services

 

They have two different option trading levels: Beginner and Advanced.

The Beginner Level

This service level has three different product offerings.

The Index options service give 2-3 trades per week and each position is expected to be held between two and three weeks with a cost of $87 per month.

The Leap options service gives 2-3 trades per week and the average holding time is about one to three weeks. The cost for this is $107 per month.

The Swing lite options service offers 3-5 trades per week, and the estimated holding time is one to seven days and is $147 per month.

The Expert Level

Their Expert level option also has 3 different offerings.

The first is the Earnings Play for $87 per month and is specifically designed to trade companies who are about to report earnings. Each trade has an average hold of one day to one week.

The second is the Tiny stocks trading service. This one costs $97 per month and are based on small-cap, mid-cap, and large cap stocks. The estimated hold time is between 1 week and 1 month.

The third option is the Swing options service. This service places 8-10 trades per week, with an average hold from 1 day to one week. This service is $197 per month.

trade genie reviews

Trade Genie Inc Options Trades Courses

They offer two different courses on their website. (Although if you sign up, they will often send you promotional emails to upsell you on other little courses.)

The first one is called “Mastering the Markets: Duplicating Success” and costs $997 and is 9 hours long, broken up into 2 sessions per week that are 1.5 hours long each.

The second offering is a one year course called “Mastering the Markets: Technical Analysis.” It offers 4 sessions per week that are 1.5 hours long each. There are also 2 coaching sessions (1 hour long each) offered per month. This course runs for 48 weeks.

Other Reviews

Now, there are quite a few reviews posted on many different review websites like sitejabber, trustpilot and others.

And the majority of them are positive.

Of course (as with any trading service) there are a few negative ones.

There is one page out there who calls Noshee (the owner) a scam artist.

But with a lot of these negative reviews, you have to realize that they’re probably coming from people who signed up and thought that they would NEVER have a losing trade.

Of course, trading services might make big claims, but – ultimately – each person is responsible for his or her trades and decisions.

So if someone didn’t exercise proper account management, or didn’t want to do any additional research before placing a trade….well then I’d say they have to take the good with the bad.

After all, for the average investor to have a chance to win close to 90%, it could totally change their ability to trade.

And the cost is relatively low for this kind of access.

The Swing Options Service Trade Results

Trade Genie posts a win rate of 91.28% on their website, although I couldn’t see any list that showed all of their closed trades.

It seems like they only display their winning trades and not their losing trades.

They do disclose an average loss of -43.15% and an average win of 67.68%

So all things considered, it looks like they offer a pretty good product when it comes to trade results, as most trade alerts systems have win rates between 75-90%

The one thing that I didn’t like was they don’t have a list of open trades or trade results available for members if you sign up.

So you have to track all your open positions and keep track of them as they don’t display any trade history.

They do send alerts out, but if you happen to miss one… you might end up having to manage the trade yourself as you don’t have a list of open trades to compare your open positions to. (This is one thing I love about The Empirical Collective)

Now, as these options trades are swing options that might not be a big deal (it’s not like their trades involve Day trading)

The Final Decision on The Best Swing Options Trading Service

Overall, I think Trade Genie has a good product.

With their win rate & trade alerts, it looks like they’ve got a good things going.

But in terms of overall value, I think The Empirical Collective easily has them beat.

The Empirical Collective has a trade win average around 90% too (with winning periods of over 95%!), and it looks like their trade alerts would be similar to their Leap options service.

Except The Empirical Collective offers additional trading tools & insights to their members like:

  • Stock research designed to find hidden small cap stocks ready to explode in price
  • A social sentiment tracker to keep you informed as to what over 19 million other traders think certain stocks will do.
  • An example portfolio designed to show you how to diversify your assets.

And the cost of their option trading membership account price is currently about HALF of what they charge.

So to me, I think The Empirical Collective is the best as it offers more value. You can check them out here.

Trade Genie Reviews: Are They Really The Best Choice?

 

When looking for trade genie reviews many people also wondered about these topics

Trade Genie Reddit

There really isn’t much that you can find when searching for trade genie reddit. It does not look like they have an official reddit page, and they aren’t mentioned much (if at all) on reddit.

Trade Genie Trial

There is a trade genie trial, where you can sign up for their trade alerts via email. When I tried to do this, I didn’t receive any trade alerts. I got a lot of promotional emails, but no trade alerts. I’m not sure if this is typical or just a glitch but I didn’t get any trade alerts when I signed up via email.

trade genie review

Overall, The Empirical Collective simply offers way more value than TradeGenie. Their alerts are as good or better and they offer unique tools to their members, rather than charging extra for them.

Options trading advisors

Hands down, I think The Empirical Collective offers the best value.

But here are a few other services you can look into:

The Mindful Trader: Mindful Trader’s creator, Eric Ferguson, spent over $200,000 and four years creating the tactics that are employed in his business. During a 20-year backtest of his ideas, the median yearly return was 181 percent. Eric began live-trading his techniques in November 2020, and the account’s total return has outperformed the S&P 500.

Eric began by only trading equities and the micro Emini S&P500 future, but in April 2021, he introduced options choices. Mindful Trader is a hybrid trading service that provides stock choices, options picks, and, on occasion, micro future contracts for the S&P500 index.

Mindful Traders separates out from the competition by offering one of the best options trading courses for beginners, complete with detailed explanations of the trading strategy. Subscribers have access to a library of explanatory films that cover anything from options trading tactics to trading system creation.

The OptionsGeek: This one’s pretty pricey at $2000/year. Felix Frey, who possesses a Bachelor of Science in Finance, established OptionsGeek in 2018. He worked for Bank of America and other financial institutions as an executive director.

OptionsGeek is primarily concerned with two services. One is 3 Steps To Profit, a comprehensive options trading education program. The course, which includes thorough video lectures and blog pieces, walks newcomers through the fundamentals of options trading while also providing insight into institutional options strategies and market perspectives.

Winning Picks Premium is an option trading alert service offered by OptionsGeek. Each week, subscribers will receive 2-4 options trading ideas. The greatest estimated ROI for 2021 was +85.5 percent in January, while the worst drawdown was -34.4 percent in April. On his website, you may get the whole monthly results.

Winning Picks offers a unique guarantee to annual subscribers. Felix offers a minimum of +100% on 50 transactions each year. If his service does not meet this goal, he offers free admission for the next year.

Benzinga Pro: This one tips the scales at $350 per month. Benzinga Pro is an outstanding solution for stock and option traders and investors. Alerts, a community chat room, stock screeners, options scanners, newsfeed, squawk radio, and trading signals are all included with a Benzinga Pro subscription.

The Unusual Options Activity feature in Benzinga Pro notifies you to big block and sweep transactions in options contracts. Price/earnings ratio, market capitalization, dividend yield, numerous businesses and sectors, and price change bands may all be utilized as filters. Trade alerts are delivered to you via audio or desktop notifications. Furthermore, the Benzinga Pro Unusual Options Calendar gives you access to previous options data for further research.

Benzinga Pro may be used for advanced charting, as a market news source, or as a stock screener, in addition to the options scanner.

In addition, Benzinga now provides a Benzinga Options Mentorship, which includes six monthly options trades, unique webinars, and daily trading mentorship from Nic Chahine. Mentorship subscribers also get access to the inner-circle discussion room, a weekly market summary, and complete Benzinga Pro access.

Benzinga is a good all-in-one solution for options traders in this list of the best options trading alert services because it combines a high-end analytical platform with a mentorship program.

 

 

Weekly Options Trading Signals: A Great Way to Make Money Or a Great Way to Go Broke?

Weekly Options Trading Signals: A Great Way to Make Money Or a Great Way to Go Broke?

If you’re looking to start making bank trading options and are looking into weekly options trading signals, there are a few things to know before you sign up for a service.

And we’re going to look into all of them starting with:

How Do Weekly Options Work?

Weekly options are a type of option contract that expires every Friday. They are usually used by traders who want to take advantage of intra-week price movements.

When you buy a weekly option, you are agreeing to sell your investment at the end of the week–no matter what happens. This type of contract can be done online or offline, and it involves a small fee for breaking the contract.

Weekly options come with several different investment profiles that you can choose from. Depending on the provider, you may have several different portfolios to select from with no penalty for switching between them. In some cases, there will be multiple portfolios available with no fee for switching between them.

What Are Weekly Options?

Weekly options are a type of option contract that gives the holder the right to buy or sell a certain asset at a fixed price on a specific day of the week. The contract is only valid for that week and cannot be carried over to the following week.

Weekly options are a type of option that can be traded on a weekly basis. They were first introduced in 2013, and they have quickly become one of the most popular ways to trade options.

There are different types of weekly options, including cryptocurrencies. Weekly options offer investors a way to trade during volatile periods and make money when the markets are moving up or down.

Weekly options are a great way to make money during volatile times. They offer investors a way to trade on a weekly basis and take advantage of market movements.

What Types of Stocks and Bonds Can You Invest In?

There are a variety of stocks and bonds that you can invest in, depending on your investment goals and risk tolerance. Some common stocks include Google, Apple, and Microsoft, while some common bonds include U.S. Treasury Bonds and municipal bonds.

When it comes to stocks and bonds, there are a variety of different types that you can invest in.

Stocks represent ownership in a company, and when you buy them, you become a part of the company’s shareholder base.

Bonds are debt instruments, meaning that the bond issuer borrows money from you with the promise to pay it back at a later date with interest.

There are many different types of stocks and bonds available for investment, and each has its own unique risks and rewards.

When it comes to stocks, you can invest in common stocks, preferred stocks, or convertible bonds.

hughes optioneering reviews

Common stock is the most basic type of stock, and it represents an ownership stake in a company.

Preferred stock is a bit more complex; it represents a claim on the assets and earnings of a company ahead of common shareholders, but usually carries less risk.

Convertible bonds are bonds that can be converted into shares of common stock at a later date.

When it comes to bonds, you can invest in government bonds, municipal bonds, or corporate bonds.

Government bonds are issued by a national government, and they are considered some of the safest types of investments available.

Municipal bonds are issued by states and local governments, and they offer tax-free interest payments to investors.

Corporate bonds are issued by companies, and they carry more risk than other types of bonds but also offer the potential for higher returns.

What Are the Benefits of Weekly Options Trading?

Weekly options trading offers several benefits over traditional monthly options trading, including:

  • Faster profits: Weekly options expire every Friday, which means you can take profits faster than with monthly options.
  • Greater liquidity: Because weekly options are more heavily traded than monthly options, you’ll have an easier time finding a buyer or seller when you want to exit a trade.
  • More trading opportunities: Since weekly options expire each week, you have more opportunities to trade

 

the weekly options trading newsletter

Weighing Your Options…

When you’re looking to invest in the stock market, it’s important to weigh all of your options and make the decision that’s best for you. For some people, weekly options trading may be the best choice. Here are some of the characteristics of this type of trading:

  1. Increased potential for earning more money- Unlike long-term investments like buying and holding stocks, where profits are typically smaller and take longer to accumulate, weekly options trading offers the potential for larger short-term gains.
  2. Easier to lose money- This type of investment is A LOT riskier than a long-term one, so it’s easier lose money quickly. However, with a higher risk tolerance comes the potential for greater rewards.
  3. Lower transaction costs- When you trade weekly options, you typically pay lower commissions than when you buy or sell stocks or other types of securities.
  4. Suitable for younger investors with a high risk tolerance- Weekly options trading is often recommended for younger investors who are comfortable taking on more risk in order to potentially earn larger rewards.
  5. Bonus (strike price)- Many weekly option contracts offer a bonus (or strike price) that can increase your earnings if the stock meets or exceeds that price by the time the contract expires.
  6. Additional weekly call options- Even if you don’t take the standard option and sell after a week, you can still purchase additional weekly call options.
  7. Potential for large profits- With the right investment, it’s possible to make a lot of money through weekly options trading.
  8. Time-Consuming: As weekly options move very quickly, trading weekly options is very similar to daytrading. So you will need to constantly watch and be aware of what your trade is doing, because you might need to exit the trade in an instant. Because of this, for most busy people, swing trading is often a better lifestyle choice. (Which is why our trades inside The Empirical Collective are longer term swing trade.)

Are Weekly Options Better Than Monthly Options?

There is no simple answer to this question, as it depends on a variety of factors including the investor’s age, risk tolerance, investment goals, and amount of time they can spend monitoring their trades during the day. Generally speaking, however, weekly options offer an intense amount of potential reward and risk, but longer-term options offer a lower-stress trading option.

Weekly options offers a lower degree of long-term impact compared to monthly options. This means that if the stock moves in the wrong direction, the weekly option holder will lose less money than the person with the monthly option. However, weekly options are also less flexible; they can only be traded on certain days of the week.

Weekly options are a great option for investors who are new to trading, though they’re not as flexible or safe as monthly options. They have the same advantages and disadvantages as monthly ones, but the short standard option size is what makes them slightly safer than day trading futures.

Weekly options are ideal for young and risk-tolerant investors because of the low minimum investment amount required to trade weekly options. Additionally, weekly options trading is not a long-term investment. Weekly options are only good for short-term trades, as they must be sold at the end of the day to get the strike price. This makes them solely driven by day-to-day fluctuations in the market.

Weekly options trading can be profitable, but only if it’s done correctly with proper risk management and a strategy for selling out at the end of each week or month.

Weekly Option Alert

In our option alert trading service inside The Empirical Collective we provide trading recommendations for monthly options – NOT weekly options, making it a great resource for members who want to make money trading options.

We provide our members with our exclusive trade alerts via email and post the trade details inside our members area. This allows subscribers to have access to the latest information and trade recommendations as soon as they are made – according to their own schedule.

More on Weekly Options Trading

When looking into weekly options trading signals, option spreads can help provide downside protection in the event the underlying stock declines in price. For example, if you own shares of a company and it starts to decline in price, you can sell a put option to generate income and protect your investment.

You can initiate a weekly covered call trade by buying one hundred shares of a stock and then selling a call option on the same stock. This strategy can provide downside protection to investors by eliminating the risk associated with owning shares, while also generating income on margin if the stock falls in price. In other words, you can make money even when the stock goes down!

Call options play a key role in reducing the cost basis of an underlying stock. When you buy call options, you are buying the right to purchase shares of a company at a specific price. This allows you to control your costs, and can be a great way to reduce your risk.

The sale of a call option can provide downside protection to investors by eliminating the risk associated with owning shares, while also generating income on margin if the stock falls in price. In other words, you can make money even when the stock goes down! Covered call trades provide cash income and attractive returns.

spx option trader review

Covered call trades are a risk diversifier for your investment portfolio, but they come with higher risk than other strategies. However, this is mitigated by spreading them over two different underlying stocks at the same time or by buying put options that can increase profits on an existing call option purchase.

A small account covered call portfolio is a strategy to mitigate the risks of covered calls by spreading them over two different underlying stocks at the same time or by buying put options that can increase profits on an existing call option purchase. This gives you more flexibility and helps protect your investment from potential losses.

Options Trading Alert Services

Right Now, You Have the Opportunity to Join Our Trade Alert Service at a Staggering Discount

Options trading is a tough undertaking right now. The American people are maxed out and have no way of getting ahead, so they need to do what they can to make money and save themselves. However, the only person with the power to change your situation is you. That’s why The Empirical Collective is offering discounted access to our membership for the first 50 sign-ups. This offer will close as soon as we’ve added 50 additional members, or when we’ve completed our system upgrades…whichever comes first. And even better, we offer a win guarantee that nobody else in the industry will. Plus, we’ve had astronomical win rates up to 95.918% win rate and a quadruple digit annual returns. So what are you waiting for? Join now and get started.

With our Weekly Trades, We’re Here to Make It Happen for You

The Empirical Collective provides entry, stop, and target prices for all it’s trade alerts. Our focus is on swing trades and are NOT weekly option trades as our trades have a longer expiration date than 1 week. We do this because we don’t want you to have to constantly be on your computer daytrading – we want to help you make money while you’re at work, on vacation-whenever you have time! And so with our trade alerts we focus on longer-term swing trades so that all you need is an internet connection to get real-time options trading alerts.

See What My Members Are Saying About Our Option Trade Signals

See what our members are saying about a membership inside The Empirical Collective:

“Thank you, Thank you!
Followed your steps exactly, and sold half way the first time and sold the rest today.
Profits both times!!
Two full days worth of work made by a click of the finger!
You Guys Rock!!”

-Jeff Odeh

“Did my first option play after signing up last night.
I was late to UNG but bought the options this morning and sold today for a nice 6% return.
Would have been higher if I signed up earlier!”

-Francine Bernier

“These trades show a lot of potential.
I am planning to add to my retirement based on your trade alerts.”
-Geoff Ewing

 

Weekly Options Trading Signals
For other articles, see:

Shark Fin Trading Indicator
Base Camp Trading Review
Wendy Kirkland Reviews
Are chromebooks good for stock trading?

Base Camp Trading Review: Find Out If This Service Is A Scam Or Legit

Base Camp Trading Review: Find Out If This Service Is A Scam Or Legit

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.

11 hour options strategy review

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:

  1. Joining and going through their price action trading course
  2. Practicing on a simulated account with trading mentors and peers in trading dooms
  3. 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%.

 base camp trading login

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.

base camp trading review

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.

For example, on their sales page The Empirical Collective makes a claim to have had a 95.918% win rate. They then supply a list of all the winning and losing trades they posted over a 7 month period.

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.

Basecamp Review

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.

Shark Fin Trading Indicator: Here’s How to Discover This Harmonic Trading Pattern

Shark Fin Trading Indicator: Here’s How to Discover This Harmonic Trading Pattern

The Shark Fin Trading Indicator is a trend trading indicator that is based on the shark fin shape.

It was developed by Steve Nison, one of the most well-known and respected technical analysts in the world.

The Shark Fin Trading Indicator is a trend trading indicator that can be applied to any time frame and any market to help determine the direction of a stock by looking at a chart.

Of course, many people would rather just have trade alerts given to them, rather than messing around with charts or trying to learn the “ins and outs” of trading the market.

And if that sounds like you, The Empirical Collective can help with their incredible trade win rate (95.819% in some cases), exclusive trading tools and more value than any other competing trade alert service.

You can check them out here.

shark fin pattern tradingGetting back to the topic at hand, this uses the shark fin shape as an indication of whether a stock is overbought or oversold, and forms a “V” or shark fin type shape.

The sharkfin pattern shows up on the chart when there is a big buy or sell in the market followed by an almost instant correction. It comes about because of an overbuy or sell in the market. On the chart, a V-shape forms, confirming the sell signal.

A lot of trading platforms have tools to automatically show you this formation, but we’ll cover exactly what to look for when you’re looking at your charts.

How Do We Confirm That It’s Actually a Shark Fin?

When a basic V-shaped pattern appears, the sharkfin pattern can be misinterpreted, so how can we know if there is an overbuy or oversell?

Simply put, we use the Relative Strength Index (RSI).

This is a great confirmation, as the RSI measures how strong the price action for a certain asset is.

Price action below 30 RSI is considered oversold, while price action beyond 70 is considered overbought.

When the RSI indicates an over-buy/over-sell on the RSI, the Sharkfin pattern is confirmed.

shark indicator

How Do I Trade the Shark Fin?

When it comes to reversing downtrends:

Double check and make sure that the sharkfin formation is truly there.

Then wait for the RSI to fall below 30, indicating that the asset is oversold.

After a strong bullish rise (where the price increases), the RSI should quickly climb back over 30.

You want to enter the trade as soon as a candle closes above the 30 RSI level.

Stop Loss

Set a stop loss at the low of the sharkfin.

Take Profit

Take profit when the profit level is equal to the distance between the stop loss and where you opened the trade.

For Reversing Bullish Uptrends

Again, make sure that the sharkfin is actually there.

Then wait for the RSI to rise over 70, to prove that the asset is overbought.

Once this has happened, it should be followed by a negative move, where the RSI swiftly dips below 30.

To trade this, as soon as a candle falls below the 70 RSI level, open a trade.

Stop Loss

Set your stop loss to a level slightly above the positive rise of the shark fin.

Take profit

You want to take profit when the estimated profit is equal to the distance to the stop loss.

Shark Fin Trading Indicator

Here are 5 Tips to Setting Up High Probability Trades

Regardless of whether you’re using a harmonic shark pattern, any form of price pattern, fibonacci lines in your strategies, they all have to be used within a framework to help you set up high probability trades.

With that in mind, here are 5 tips to do just that.

The first step is to set up the trade

The setup is the collection of requirements that must be met before any stock trade can be considered. If you’re a trend-following trader, for example, a trend must be present. A tradable trend should be defined in your trading plan (for your strategy). This will prevent you from trading when there isn’t a trend. Consider the “setup” to be your rationale for trading.

If you don’t have a good reason to trade that fits your strategy, don’t trade.

But if the setup—your purpose for trading—is there, go on to the next stage.

The second step is to define the trade trigger

Even if you have a purpose to trade, you still need a specific occurrence to signal that it is time to trade.

After the stock has fluctuated or pulled back, some traders like to purchase on fresh highs.

During a decline, some traders like to purchase. When the price pulls back to a level of support, wait for a bullish engulfing pattern to emerge or for the price to consolidate for several price bars before breaking above the consolidation. Both of these are specific occurrences that distinguish trading opportunities from all other market changes (for which you have no approach).

However, before pulling the trigger on a trade, be certain that the trade itself is worthwhile.

You always know where your entry point is in advance when you use a trade trigger. This gives you enough time to double-check the trade’s legitimacy (steps three through five) before committing to it.

The third step – the stop loss

Knowing your trade trigger and having the correct entry isn’t enough to make a good trade. A stop-loss order should also be used to manage the risk on the deal if you’re purchasing stock.

A stop loss can be placed in a variety of ways, but it’s most often put just slightly below a recent swing low for long trades and just slightly above a recent swing high for short bets.

Another strategy is the Average True Range (ATR) stop loss, which includes putting the stop-loss order based on volatility a particular distance from the entry price.

The fourth step is to set a price target

You now know whether the conditions are suitable for a trade and where the entry point and stop loss will be placed.

The next thing to keep in mind and consider is the profit possibility.

A profit objective is based on something that can be measured rather than being set at random. For example, chart patterns give goals dependent on the pattern’s size. When purchasing near the bottom of a trend channel, you’ll establish a price objective near the top of the channel; if selling near the top of the channel, you’ll put a price target near the bottom of the channel.

Based on the patterns of the market you’re trading, decide where your profit objective will be.

Profitable trades can also be exited using a trailing stop loss. You won’t know your profit potential in advance if you choose a trailing stop loss. That’s good, because the trailing stop loss lets you to profit from the market in a systematic (rather than random) way.

The fifth step – the risk to reward ratio

Make an effort to only enter deals when the reward possibility exceeds 1.5 times the risk. If the price reaches your stop loss, for example, you should make $150 or more if the goal price is met.

Before initiating or starting the trade, however, you should examine if the profit potential will outweigh the potential loss.

Walk away if the profit potential is equal to or less than the risk. It’s possible that you’ll put in all this effort just to discover you shouldn’t even place the trade.

It’s just as crucial to avoid terrible trades as it is to participate in good ones if you want to succeed.

If you want to learn how to trade on your own (using the same strategies & techniques we’ve used to enjoy trade win rates well above 90%), click here for a list of resources.

People Also Asked These Questions When Looking for Info on a shark fin trading indicator

What is shark fin pattern trading?

The shark fin pattern is a popular trading strategy among traders and investors. It involves the use of an indicator that measures momentum in order to predict when stocks are going to make major moves.

What is the harmonic shark pattern trading strategy?

It’s just another name for what we’ve been discussing 😉

What is bullish shark pattern?

Essentially a bullish shark pattern is when an asset drops below the 30 RSI level and then almost immediately rebounds back up past the 30 RSI level.

How do you measure a shark pattern?

You measure a shark pattern by using the RSI (Relative Strength Index) to help determine whether an asset is oversold or overbought.

What is TDI in forex?

TDI refers to the Traders Dynamic Index. This particular meta trader indicator is a fairly well used indicator that makes use of RSI, and volatility bands (based on Bollinger Bands) to provide traders with a complete picture of the state of the FOREX market.

What is the shark indicator?

It’s a trading indicator used by traders when looking for an entry or exit point of a trade.

Forex Shark Pattern

The shark fin trading indicator is a harmonic pattern that uses the RSI to determine an entry or exit point. Here’s how to spot it perfectly:

Shark Indicator

The shark pattern indicator uses the RSI to show an over bought or over sold price pattern to determine the next direction the stock will take.

How does the shark fin pattern form?

It forms with a sharp movement in past certain levels on the relative strength index.

 

When a simple v-shaped pattern occurs, so how do we confirm if there’s an overbuy or oversell?

This is where you have to use the RSI to confirm the trend.

What is a shark fin options strategy?

Shark Fin Options are a type of knock out option that includes a built-in mechanism that closes the option if a predetermined price level (yes, you guessed it: the knock-out price) is exceeded before the option contract expires.

shark fin options strategy

 

Goldman Sachs: 35% Chance of Recession This Year

Goldman Sachs: 35% Chance of Recession This Year

The war in Ukraine, rising inflation, increasing interest rates
= higher chance of recession this year

Europe’s dependency on Russian energy has increased the chances of the area entering a recession this year, as rising prices forces people to cut back on spending. The United States is more protected against the rise in oil and gas costs than other countries, but it is not immune.

Goldman Sachs has lowered its growth prediction for the United States in 2022. During the first three months of the year, it has seen little to no growth.

The likelihood of a recession in the United States during the next year has grown to as high as 35 percent, according to Goldman’s analysts, lead by Jan Hatzius.

“Rising commodity prices will almost certainly have a negative impact on consumer spending, as households — particularly lower-income households — are forced to spend a larger share of their income on food and gas,” they told clients on Thursday.

Morning Consult and Ipsos real-time data on consumer confidence “suggest a dramatic fall in consumer confidence since Russia invaded” Ukraine, they said.

It isn’t going to be the only cause of anxiety. Financial conditions have tightened as well, perhaps making it more difficult for enterprises to obtain funds. America’s worldwide supply lines and operations will be harmed as a result of Europe’s problems.

Sanctions imposed on Moscow as a result of the invasion of Ukraine are wreaking havoc on the Russian economy. According to the Institute of International Finance, it would contract by 15% this year, which would be twice as bad as the recession that followed the global financial crisis.

However, because Russia is a significant supplier of oil and gas, as well as important agricultural products and industrial metals, the consequences of its economic collapse and isolation would be felt worldwide. Europe is the most vulnerable, as it is heavily reliant on Russia for energy, but the rise in energy and food costs will be felt across the Atlantic as well.

A US recession is not a certain conclusion. Wells Fargo predicted a recession in Europe but not in the United States on Thursday. Treasury Secretary Janet Yellen said in an interview with CNBC on Thursday that the labor market is strong and that American households are in “excellent financial position.”

“Inflation is a concern that we need to address,” Yellen added, “but I don’t predict a recession in the United States.”

Goldman Sachs experts aren’t the only ones who see hazards increasing.

In a recent CNN Business piece, Mark Zandi, the chief economist of Moody’s Analytics, said, “There is a growing fear that increasing inflation could overcome the nation’s solid economic recovery, ending in a recession.”

The Federal Reserve will be under even more pressure as it considers its next step as a result of this. As part of its effort to bring inflation under control, the central bank plans to begin hiking interest rates this month. However, if it withdraws assistance for the economy too quickly, a recession may be more likely.

Despite the conflict in Ukraine, the European Central Bank announced on Thursday that it will restrict the money taps sooner than planned. Investors were taken aback by the hawkish tone.

“The US is likely to outperform Europe, which is likely to slip into recession, owing to the American economy’s greater internal resilience and agility,” the economist Mohamed El-Erian wrote in a column published this week. “However, the US Federal Reserve’s failure to respond to inflation in a timely manner last year — a historic policy mistake — will undermine policy flexibility.”

Investor Uncertainty

As the fight continues, investors will be wary of high inflation and weaker economic growth, as well as uncertainty about how much central banks can truly do to interfere.

Wells Fargo has decreased its S&P 500 year-end projection for 2022. It believes the index will continue to increase rapidly from present levels. However, the bank noted that war-related economic circumstances are expected to hurt corporate profitability, putting pressure on equities.

Following the invasion of Ukraine, Goldman Sachs (GS) and JPMorgan Chase (JPM) became the first big Western banks to pull out of Russia on Thursday. There will very certainly be more, at a cost of tens of billions of dollars.

Goldman is “winding down its operations in Russia in accordance with regulatory and licencing requirements,” according to the latest news. JPMorgan Chase followed suit with a similar announcement.

The withdrawals come as Western banks scrambled to assess their exposure to Russia following President Vladimir Putin’s invasion of Ukraine, which triggered harsh sanctions against the country’s financial system, including its central bank and key commercial lenders, VTB and Sberbank.

They also come after Western corporations have fled practically every other area of Russia’s economy, and ratings agencies have predicted a Russian debt default.

Remember that untangling Russia from the global financial system would be difficult, and the full scope of the consequences is still unknown.

According to the Bank for International Settlements, which banned Russia’s membership on Thursday, Russian firms owe more than $121 billion to international banks. Total claims against European banks amount to more than $84 billion. The countries with the most exposure include France, Italy, and Austria. $14.7 billion is owing to US banks.

Banks are also concerned about their Russian staff and what Moscow may do next.

Dmitry Peskov, a Kremlin spokesman, claimed Thursday that Russia’s economic condition is “totally unique,” and accused the West of starting an “economic war.”

Meanwhile, Putin has backed efforts to acquire assets left behind by Western corporations that have halted or abandoned operations in the country.

Meanwhile, In China…

The future of big Chinese firms traded on Wall Street has been put into question once again, sending prices plummeting.

The Securities and Exchange Commission of the United States said on Thursday that five Chinese businesses may be delisted from American stock exchanges for failing to fulfill auditing criteria.

Yum China Holdings, ACM Research, BeiGene Biotech, Zai Lab, and Hutchmed Pharmaceuticals were among the companies on the list.

Big tech stocks, on the other hand, were down. Investors are anxious that the US agency may add more businesses to the list.

Alibaba fell more than 5% in Hong Kong on Friday. On Thursday, its shares on the New York Stock Exchange fell roughly 8%. After finishing 16 percent down on Wall Street, JD.com dropped 11% in Hong Kong. Following a 6 percent decrease in the United States, Baidu was down about 5%.

Other corporations with dual listings in the US and Hong Kong saw their stock prices plummet as well.

Goldman Sachs: 35% Chance of Recession This Year

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The FED to Shrink Its Balance Sheet, Plunging Economy into Recession

The FED to Shrink Its Balance Sheet, Plunging Economy into Recession

The FED’s bond purchases from their qualitative easing program
has provided liquidity to the markets.
They’re pulling that back now – it could crash the stock market and plunge the economy into recession if done too quickly

Members of the Federal Reserve are arguing how swiftly the central bank should shrink its bond portfolio without triggering a recession.

The Federal Reserve’s asset balance is about $9 trillion as of the second quarter of 2022. The majority of these assets are government debt and mortgages that have been securitized. The majority were bought to reassure investors amid the subprime mortgage crisis of 2008 and the pandemic of 2020.

“What’s occurred is that the balance sheet has evolved into a policy instrument.” Former Vice Chairman of the Federal Reserve Board of Governors Roger Ferguson told CNBC. “The Federal Reserve is using its balance sheet to achieve unprecedented results.”

The Federal Reserve of the United States has traditionally utilized its role as a lender of last resort to inject liquidity into markets in times of crisis. When the central bank purchases bonds, it may encourage investors to pursue riskier investments. Despite difficult economic conditions for small firms and regular employees, the Fed’s actions have benefited US stocks.

According to Kathryn Judge, a Columbia Law professor, the Fed’s stimulus is like lubricant for the financial system’s wheels. “There are fears that if they apply too much grease too frequently, the whole machinery would become risk-seeking and vulnerable in other ways,” she told CNBC in an interview.

Analysts fear the Fed’s decision to raise interest rates in 2022 before rapidly shrinking its balance sheet might trigger a recession if riskier assets are revalued.

But the FED doesn’t have a lot of options that won’t rock the stock market boat when it comes to fighting runaway inflation.

The FED to Shrink Its Balance Sheet Plunging Economy into Recession

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US Government Investigating the “Risks” & “Benefits” of Crypto

US Government Investigating the “Risks” & “Benefits” of Crypto

[ CRYPTO MARKET ] The government is investigating
“Consumer and investor protection”, “financial stability”
and other STUFF

On Wednesday, US President Joe Biden issued an executive order directing the federal government to investigate the dangers and advantages of cryptocurrencies.

It’s been a long time coming, and the crypto industry has been waiting for it, not least because of mounting regulatory concerns throughout the world about the young digital asset market.

There had been rumors of a rift between White House officials and Treasury Secretary Janet Yellen, which had caused the policy’s implementation to be delayed.

The bitcoin market learned about the executive order overnight after the Treasury unintentionally issued a statement calling it “historic” and leaking certain facts ahead of time.

On Wednesday, the order was ultimately signed. According to a White House information sheet, it asks for federal agencies to take a uniform approach to the regulation and monitoring of digital assets.

The guideline places a strong emphasis on consumer protection. There have been several reports of investors falling prey to cryptocurrency scams or losing large quantities of money as a result of cyberattacks on exchanges or users.

The Biden administration has asked the Treasury Department to analyze crypto and make policy suggestions. Regulators should also “provide proper control and safeguard against any systemic financial risks presented by digital assets,” according to the report.

While governments have been careful to dismiss any systemic dangers associated with cryptocurrency, worries about the role of stablecoins have grown. These are digital tokens that are supposed to be tied to actual currencies like the US dollar.

Tether, the world’s largest stablecoin, has drawn the wrath of authorities amid claims that its token is not properly backed by dollars kept in reserve. Tether claims that its coin is completely backed, although its reserves are made up of short-term financial liabilities such as commercial paper, not only cash.

Stablecoins were noticeably omitted from the White House announcement on Wednesday, despite Yellen’s stated desire for Congress to provide legislation for the industry.

Another major objective of Biden’s executive order is the abolition of unlawful crypto activities.

President Biden has called for a “unprecedented emphasis of concerted action” from government agencies to combat illegal finance and national security threats presented by cryptocurrencies. He’s also calling for international cooperation on the subject.

Last month, US authorities confiscated $3.6 billion in bitcoin — their largest cryptocurrency seizure ever — in connection with the 2016 breach of crypto exchange Bitfinex.

Following Russia’s invasion of Ukraine, officials are increasingly concerned about the use of cryptocurrency to enable sanctioned Russian people and corporations circumvent the sanctions.

However, proponents of crypto argue that laundering money with digital currency is extremely difficult since all transactions are recorded publicly on the blockchain, which is an immutable record-keeping system.

Biden also mentioned the enormous energy cost embedded into digital currencies like bitcoin, but it was a more subtle remark. He wants the government to look into methods to make crypto innovation more “responsible” (less harmful to the environment).

To confirm transactions and produce additional units of money, Bitcoin uses a method known as proof of work. To mine bitcoin, a decentralized network of computers competes to solve challenging arithmetic riddles. A miner’s chances of getting paid in fresh bitcoin increase as their computer power increases.

This has alarmed officials throughout the world, with China banning cryptocurrency mining entirely last year. This prompted a crypto mining migration from the nation to the United States and other countries, including Kazakhstan.

The White House statement includes wording aimed at giving the United States a competitive advantage over other countries when it comes to crypto development. This is especially important now that cryptocurrencies have been essentially outlawed in China.

The Department of Commerce has been entrusted by Biden with “creating a framework to advance U.S. competitiveness and leadership in, and exploiting, digital asset technology.”

Several crypto industry leaders, including the CEOs of Coinbase, Kraken, and the Winklevoss twins’ Gemini exchange, have urged for such action.

Biden “has the chance to assure America stays the world leader for technical innovation for years to come,” according to the Blockchain Association, which represents a number of well-known crypto firms.

Finally, the Biden administration wants to look into creating a digital currency.

It comes as China has taken the lead in the development of central bank digital currencies, or CBDCs, with an increasing number of people utilizing smartphones to make payments and manage their affairs.

Biden has been tight-lipped about whether the United States should develop its own digital currency. Rather, he is urging the government to make CBDC research and development a “top priority.”

Last year, the Federal Reserve began looking into the possibility of issuing a digital dollar. The central bank issued a long-awaited research outlining the benefits and drawbacks of such virtual money, but it has yet to say whether the US should create one.

While CBDCs have the potential to significantly speed up payment settlement, governments are considering a variety of concerns about financial stability and privacy.

The new policy agenda eliminates a major source of uncertainty for a sector that has already seen multiple regulatory snags and scandals.

But does government intervention into how a decentralized currency can or can’t be used fundamentally alter the core idea of cryptocurrency itself?

The US Securities and Exchange Commission fined crypto start-up BlockFi a record $50 million earlier this year on charges that its retail lending product violated securities rules. The fine was part of a wider settlement of $100 million that included payments to 32 jurisdictions.

Coinbase ran into some problems with the watchdog as well, although it was able to avoid penalties. Coinbase was threatened with legal action by the Securities and Exchange Commission (SEC) for a programme similar to BlockFi’s that offered consumers interest payments on their crypto holdings. Following that, the corporation abandoned its ambitions for the service.

On Twitter, Jeremy Allaire, CEO of crypto startup Circle, wrote, “This is a watershed moment for crypto, digital assets, and Web 3, equivalent to the entirety of government waking to the commercial internet in 1996/1997.”

Investors in cryptocurrencies appeared to agree. Bitcoin prices soared beyond $42,000 on Wednesday as investors cheered the US executive move.

US Government Investigating the "Risks" & "Benefits" of Crypto

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