JUST received a mailing from George Angell about trading options. Any opinions?

Question

For more than a year, I've been trading options with some success. BUT this man claims a 94.5% success rate.

Does any one on Y!A have any experiences - good or bad - with any of this gentleman's programs or books?

For more than a year, I've been trading options with some success. BUT this man claims a 94.5% success rate.

I did a Google on him. Other than the programs and books he promotes, not too much else to go on.

Does any one on Y!A have any experiences - good or bad - with any of this gentleman's programs or books?

Ahhhhhhh YES!!! One of the criteria I ALWAYS ask for is:
Show me - with broker time stamps - entries and exits for trades!
I KNEW I forgot to add a very important detail! TYVM! Ron

Answer 1

I'd ignore it. Anyone who could successfully trade options 94.5% of the time would be so rich--and so innundated with millionaires begging them to manage their money--that they wouldn't need to send out mass mailings to find clients. There are a lot of scams out there and you should be especially wary of anyone who claims a phenomenal success rate without anything to back it up.

Answer 2

RE:
JUST received a mailing from George Angell about trading options. Any opinions?
For more than a year, I've been trading options with some success. BUT this man claims a 94.5% success rate.

Does any one on Y!A have any experiences - good or bad - with any of this gentleman's programs or books?

Answer 3

he probably trades spreads which is a margin type deal where you sell an option to get a premium and then buy it too so your cost is lowered by the premium from the sale. Normally a low risk type play with smaller percentages for profits. I subscribed to a couple of option type guys and frankly do better myself as no one is better than your own convictions as to how a stock will go in a relitivly short period of time. The ones I play I am usually 80% correct and the ones from the subscriptions are ony maybe 40%.
Of course the main thing is OK you hitting on 90% but what are your gains...90% but mabe only 5% each time is that better than 50% but 150% each time gain ?

Answer 4

If you hv the service of a professional, it doesnt mean you will 100 % make money., The prices of options fluctuate very fast. Timing is very important.

At times when you receive an alert to buy or sell, you might not be able to do at the price he states. Then you wld be stuck after missing the opportunity and naturally you wld want to wait for the price to rise again for you to be able to sell. By then, the options expiry date approached and the options wld continue to drop to almost zero and you wld lose all in the end.

They hv to say fantastic stories to attract you to sign up with them. But how many of their clients lost money, they wld never tell. If the financial analyst cld guaranteed such a high success rate, he wld be filty rich, didnt hv to work anymore. Think of it this way.


My husband signed up for such service and everyday i hv to monitor the stocks. I told him that i js wanted to cover back the capital and get out. I hv dabbled in stocks & shares enough to know that saving our hard earned money is the most secured way of accumulating 'wealth'. There is no such thing as making easy money .... IMO.

Answer 5

1

Answer 6

success rate improves when you keep profit margin less.
e.g. A trading after achiving 30% profit
B trading after achiving 8% profit

naturaly success rate will be more for B.

Many will wait till option expire... for them success rate will be very low.

get more detail. and noharm in learning new trics for little expenses. dont conclude on your trading only.
be open..