In my opinion , all suggestions made by this trading letter need to be carefully examined.Otherwise,I will be more likely to lose than to win.

Therefore,paper trade is first.Then,it depends on one’s risk level.I have researched and observed that Allen’s trades can’t be very relaxed,and often highly risky.They need to be adjusted all the times.

So members,lower our expectations.Consistent 8% to 10% a month is a wishful thinking.Then,carefully planning to trade according to his suggestions,3% to 5% average monthly gain using a small percentage of your total money is possible . That will be 36% to 60% a year within a certain percentage ( let’s say 5%-8% ) of your total portfolio.

PS autotrades are not the way to go. Allen can afford to lose 48% a month if market goes bad,and then he simply adds fund in his account.But imagine that a member who just started to trade for less than two years and not well capitalized,he or she simply just closes the account.

If I may continue, this is simply too perfect of an opportunity to pass up. I was laid off from a sales engineering job of five years in December, and I decided that it was time for me to stop being dependent upon an employer for my financial success. I committed myself to becoming a trader. Of course, in so doing, I was flung into the world of buying trading education. These are shark-infested waters. So, I completely understand her dilemma.

Being a techie, a trader, and an out-of-work husband and father with entrepreneurial ambitions, I recognized an opportunity. That’s why I happen to be starting a web site made to assist prospects like her (and the rest of us) to shop for trading mentors and services that are legit and fit our trading style. If you’ll be so kind as to let your readers know about it, I think it would be a service to them. It’s called StudentsOfTraders.com.

BTW, my LinkedIn profile is at http://www.linkedin.com/in/leegrey, in case anyone wonders if I’m legit.

I’ll close by saying that I’m wrapping up my first month with Option Genius, and I think you’re the real deal, as well, Allen. I look forward to many months of your service more than paying for itself.

I have been eying the site for some time as it has made my short list. I am happily subscribed to like services and the $50 a month is of such little consequence in that I value multiple inputs as diversification’s averagiing is a huge factor in one’s overall success.

There is always a “personality” that arises out of these “one man sites” and the fact that you would even post that over the top response has done much for me to get to know that “personality”.

Funny how she says she doesn’t want to come across as “negative or nasty” but the last paragraph is literally dripping with “negative and nasty” not matter how “professional” she claims to be while talking down like Judge Judy (who perfected the art of demeaning and condescending while “professional”).

This isn’t some fancy restaurant where righteous indignation gets you a free entrée.

She is obviously missing the big picture here. One that as a result of her email and your response I will avail myself of posthaste.

So thanks Allen for taking the time to share that. The advice you gave was sound but I wouldn’t have been so polite and if I seem overly blunt to anyone my advice is “get over it”.

Russ

I am sorry for your loss. In trading things can go wrong. But over time, my strategies work and they have proved themselves over the years. No matter what you invest in, look at it as a long term proposition. There are many ways to make money in the markets. You have to find what works for you and not follow blindly.

If you had read any of the materials on the site, i say over and over that the first few months should be spent papertrading my trades so you get a feel for them and understand how they work. Traders need to control their emotions and be logical about trading. It’s kinda like swimming. If you dont know how you dont jump into the deep end.

It may be just bad luck, but the month you joined was my worst month ever.

Take a deep breath and keep on truckin. Options trading is not for everyone nor is managing money. Don’t slice your wrists yet, we have along way to go.

In the personal financial world many choices exist for those who manage their portfolios actively or passively. For the active participant, involvement through education and practice is paramount. The passive trader can manage risk more affectively by placing their capital into index funds or place their hard earned cash with a portfolio manager.

I have been a member just a few short months and embraced your approach to options trading with full confidence. My experience with options started over 20 years ago and fortunately produced handsome returns. In contrast to the technical trading I have employed, your approach and returns are worth the investment from the education side alone. And yes, my portfolio is up with your trades.

It is important to note that paper trading is available and should be used to verify interest in your trades. Additionally, subscribers should also realize that picking and choosing only some posted trades will not produce the expected returns.

I believe your approach is the right track and you should stay the course. The small price of $50 will not meet my beer budget. Therefore, the bucks are better spent following your trades.

The writer conveys a sense of frustration over the inability to locate a program that fulfills dreams without consequence to personal capital or obligation to learn. My suggestion to her is “punt!” Turn the dough over to an investment vehicle that will make promises with 8×10 color graphs and fabricated data. Then, take a language arts class and improve her writing skills. The letter gives me a sense that you two were previously married. Or, my forth grader was the author.

Just my two cents.

Regards,

Gene

Thanks!

Dan