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.<\/strong><\/a><\/p>\n I started by contacting them through the support email listed on their website with a couple of basic questions.<\/p>\n I thought I’d start the conversation by asking them what kind of options they traded in their optioneering service.<\/p>\n Did they just buy simple calls and puts, or did they get into more complex options strategies?<\/p>\n Upon receiving a response, their support agent only wanted to answer my questions if I contacted them via phone.<\/p>\n 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.<\/p>\n I persisted, asking if he could respond to my questions by email.<\/p>\n A while later, I received this response:<\/p>\n It’s\u00a0much\u00a0better\u00a0if\u00a0we\u00a0speak\u00a0directly, since Chuck has multiple programs at different price points.\u00a0\u00a0However, the Weekly Options Alert service<\/a> is currently available, after Chuck pays the $3000. USD enrollment fee for you,\u00a0at an annual\u00a0subscription cost of $6000.\u00a0USD.\u00a0The service includes puts and calls, market neutral trades, covered calls and ETFs.\u00a0This includes all trades as well as back-up support, available by phone and email, 9 AM to 5 PM Pacific Time.\u00a0With your subscription, you have access to Chuck’s proprietary website.\u00a0Trades are sent to you by email.\u00a0You simply follow the provided trade signals<\/a>, using any online broker of your choice.\u00a0\u00a0If\u00a0you have questions about the trades, you have access to back-up technical support by phone and email.\u00a0<\/em><\/p>\n Based on this response, it looks like this system involves trading a variety of different options<\/a> beyond buying basic calls and puts.<\/p>\n 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<\/a>.<\/p>\n 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.<\/p>\n I politely declined to sign up.<\/p>\n For the record:<\/em><\/strong> 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.<\/em><\/p>\n So rather than answering questions, they try to hard sell you on their trading system as soon as you call them.<\/p>\n With that being the case, I decided the best course of action would be to email them.<\/p>\n Moving on, I decided to dig in a little more and research them online.<\/p>\n Hughes Optioneering trades weekly options, and claim to have a 94.1% trade win rate.<\/p>\n They say that their team has a combined investment expertise of more than 60 years.<\/p>\n Their website claims that Chuck Hughes himself began investing in options with a tiny $4,600 trading<\/a> account, but within two years, he had gained more than $460,000 in profits.<\/p>\n According to them, the money he made just by trading options dwarfed his previous salary as a pilot.<\/p>\n 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.<\/p>\n They make the claim that their brokerage account has made over $3,308,137.76 with an average return of 69.3 percent.<\/p>\n The average hold per trade is a whopping 67 days and the average annual return is over 370%.<\/p>\n They go on to say these figures came from 335 winning trades and 21 losers.<\/p>\n The Hughes OptioneeringTM Team claims these returns were made by trading weekly options.<\/p>\n 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<\/a> tactics, it’s hard to get an actual feel on the real world amount of money that is won or lost.<\/p>\n By this, I mean that – depending on the option trade tactic employed – you can have different amounts of money tied up in a trade.<\/p>\n 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.<\/p>\n And by using different option trade<\/a> strategies, this becomes more of an issue.<\/p>\n 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.<\/p>\n But I was curious if anyone had paid the money to join, so I kept looking and eventually came across this review…<\/p>\n 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.<\/p>\n 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.<\/p>\n 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.<\/p>\n But that’s now what I’ve seen from his online seminars, which aren’t even worth $70.<\/p>\n He even proclaims himself to be a global champion of trading!? I couldn’t find any proof…seems a little shady to me.<\/p>\n I attended his presentation in Washington, D.C. few years ago. There were probably 150 people in attendance, each paying $2,000.<\/p>\n I feel that he makes most of his money from these events and training rather than by actually trading options.<\/p>\n Overall, I feel that his claims are not quite true and I recommend avoiding him.<\/p>\n All things considered, I can’t recommend their service.<\/p>\n 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.<\/p>\n It feels like it’s more geared towards being a sales machine than an actual trading firm.<\/p>\n![\"trade](\"https:\/\/theministerofcapitalism.com\/blog\/wp-content\/uploads\/2022\/04\/trade-like-chuck-reviews-300x201.jpg\")
<\/p><\/blockquote>\nContacting Their Support Team<\/h2>\n
Chuck Huges’ “Support” Staff<\/h3>\n
The Chuck Hughes Optioneering Results Claims<\/h2>\n
![\"tradewins](\"https:\/\/theministerofcapitalism.com\/blog\/wp-content\/uploads\/2022\/04\/tradewins-com-reviews.jpg\")
So I started with the claims they made on their website.<\/p>\nThe Hughes Optioneering Claims<\/h2>\n
Win Loss Percentages Aren’t Always What They Seem<\/h3>\n
Here’s one review I found while looking for more information on the Chuck Hughes Optioneering system:<\/h3>\n
The Chuck Hughes Optioneering Review<\/h3>\n
So what can you do if you want to avoid this scam and make money trading?<\/h2>\n
![\"Hughes](\"https:\/\/theministerofcapitalism.com\/blog\/wp-content\/uploads\/2022\/04\/Hughes-Optioneering-Reviews.jpg\")
<\/p>\n