Option trading not easy! Beware!

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  • Phoenix7
    Senior Member
    • Nov 2011
    • 3663

    Option trading not easy! Beware!

    I received an email about option trading for income , as usual it indicated that you might make great money trading options just once per week.
    I Googled the service and a subscriber to the service said the following:

    "I have been subscribed to Options for Income for almost a year. Recently, I checked open positions in Conservative Growth portfolio I noticed that they are more than five positions with 100% loss. When I posted my question about overall historical performance of the portfolio on the discussion board, my question was promptly removed.
    I don’t understand why questioning performance of the newsletter which claims: “Give Me 9 Minutes a Week and I Guarantee You $75,000 a Year” is inappropriate and Mr Fink is ignoring it"
    Folks be careful out there!
  • Louetta
    Senior Member
    • Oct 2003
    • 2331

    #2
    My favorite advisory deal is this:

    You buy a mailing list of 1000 persons interested in the market. In month 1 you send 500 a letter predicting the market will go up and the other 500 a letter predicting the market will go down. At the end of month 1 discard the 500 names to whom you sent the wrong answer. Now for month 2 use the remaining 500 names and send 250 a letter saying up, 250 down. At the end of the month 2 discard the 250 "losing" names. In month three send to the remaining 250 names letters with 125 saying up, 125 down. At the end of the month 3 send the 125 "winning" names a subscription offer based on three months correct predictions. Actually you have done nothing but do mailings but have told 125 people the right answer 3 months running.

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    • Phoenix7
      Senior Member
      • Nov 2011
      • 3663

      #3
      Originally posted by Louetta View Post
      My favorite advisory deal is this:

      You buy a mailing list of 1000 persons interested in the market. In month 1 you send 500 a letter predicting the market will go up and the other 500 a letter predicting the market will go down. At the end of month 1 discard the 500 names to whom you sent the wrong answer. Now for month 2 use the remaining 500 names and send 250 a letter saying up, 250 down. At the end of the month 2 discard the 250 "losing" names. In month three send to the remaining 250 names letters with 125 saying up, 125 down. At the end of the month 3 send the 125 "winning" names a subscription offer based on three months correct predictions. Actually you have done nothing but do mailings but have told 125 people the right answer 3 months running.
      Louetta brilliant analysis ! I'm sure that something like this is going on right now. Most of the Newsletters ar garbage, and you get better advice right here on Mr Marketishuge.com.

      Awhile back a man ran an ad which stated "How You Can Make a Million Dollars ....Send $10" The response you received back was simply, "Do As I Did!"

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