Option Pundit Experience

[doopy 10]

Has anyone had experience with the paid newsletter from Option Pundit? The results sound very good but the writing on the site seems off somehow and they want $50 to be put on the wait list to pay to subscribe

[james_gsx 16]

Looks fishy to me, why have a waiting list on a newsletter? It's not like there is a shortage where they can't meet the demand. Unless of course, they call it a wait list to A) get more money, and B) stir up demand, make them look more promising.

 

If you want to trade options, my advice is simple. Don't do it. If you must, make sure you are ready to understand the math behind it, don't be another fool following 100% gains overnight, you need to understand why it happens. Pick up some decent books (not the "get rich with options" garbage), and learn on your own - and find ppl who are successful and ask them questions if they let you.

 

If you have nowhere to start, then try think or swim, they have decent tutorials and a free demo.

[DugDug 10]

I agree with James..... options trading is hard work to learn, and a lot of the time the only reason the high returns are quoted is due to the extra leverage. they dont tell you about the time decay aspect of it.

Its worth doing if you put in the hard work, however..... think about this. There are plenty of brokers who will tell you to short options - "collect the time decay", and then there are others who will say to buy options - "leverage yourself into the big moves, makes 1000's%"

Until you understand how both of these players can be right and make money at the same time, then I would suggest you be care full of options brokers systems.

 

Plus a waiting list to subscribe - please if they make so much money from their systems this is the one area you dont want people coming to spoil the party as they will reduce the liquidity of the options they want to buy- sounds like Bernie Maddoff - no, no no..... OK if you insist, and its just because I like you..... doh!

[brownsfan019 17]

Options are a real b*tch to learn and get ahold of. I'll never forget my last option trade - bought a call on Boyd Gaming (which means you are bullish on the stock), the stock went up nicely and my call lost a ton of money.

 

:doh:

 

Trading is very difficult as it is, but when you can be bullish on a stock buy a bullish instrument and lose b/c of implied volatility and all that other rubbish, that will turn you off quickly.

 

I like to know that if I think something is going up, I go long and it goes up that I will make money.

 

Options trading is very difficult IMO.