I also joined the newsletter and I seem to keep asking myself, why do it with pennies when I can ride the wagon carrying billions? I agree with Christopher’s comment that “perhaps sometimes the simple answer is that greed isn’t the only motivator in the world.” If I were making megabucks on Wall Street as an investor and could make half that (or even less) while writing a newsletter from my home in the countryside somewhere, I’d jump at it. As the number of confident/distressed people decreases and the number of sellers/buyers worried about the price going lower/higher increases, the price starts going down/up. The more confident they are (in the aggregate) that the price will continue to go up/down, the higher/lower the price will go before peaking/bottoming out (which is probably the point of “balance” that SmackDaddy mentioned). When good/bad news for a stock gets spread, people rush in to buy/sell the stock and the price of the stock goes up/down. SmackDaddy alluded to this in his comment, “Do you even realize that the more people who use a certain type of system, the less chance it has to work?” The market is like an auction, except that the supply of what is being “auctioned off” can increase or decrease on the fly, based upon supply and demand. They get “first dibbs” on the trade, which if their order is large enough and the stock trades thinly enough, their trade could negatively affect the value of the trade to their subscribers. Re: arries comment (which is otherwise a good one) I think newsletter authors generally avoid and make a pledge against using a trading idea themselves and also selling it to subscribers, because it causes a conflict of interest. Making X is always less attractive than making 10X, no matter the value of X. If you agree with what I’ve just said, you’ll agree that your statement, “If they made the kind of money he claims, they would not waste time with us” is incorrect. Then throw in that if you’re good at it, your subscription base grows over time, so you make more and more money with the same amount of work and less risk.
“These guys make more from subscribers than doing their actual trading.” If you find a trade worth X to you, as a trade, and you can make 10X or 20X by selling your trade idea to a bunch of subscribers, which would you rather do? Then throw in that the trade has, say, an average 15% risk and the subscription has a near-zero risk. You agree with Jason, then counter him with the reason his idea is off-base, overall. I’m using your comment, J Perkins, as my springboard, because it best leads into what I want to add to the conversation, overall. I’d like to make a few comments that apply to various comments here, and keep in mind that I’m not an expert trader and I’m just trying to be helpful. One can easily see if a service is worth it in the first few days.
I can cancel within three months, but so far, I see no reason to cancel my subscription. The earliest of his picks will not expire until July 2011.Īnyone interested in serious trading option, this is one of the best specially for a beginner. The 5 stars on performance is not on the performance of his picks but on the excellent research reports that lead to his picks. This service only started end of April 2011. He publishes the client questions and his answers on his website. Jim is well knowledgeable and responsive to clients comments and questions. He tells you exactly the information you need to input if you are an online trader and the exact words to say if you are trading with a broker. His website is clear on his recommendations. His website includes educational videos and articles, performance tracking and other resource tools needed to become a successful options trader. He recommends 4-6 trades every month, whenever he identifies a high-probability play where the odds heavily favor success. It’s for every level of option trader, beginner to advance. I just subscribed to Jim Fink’s OPTION FOR INCOME trading service of KCI Investing.
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