Open AllClose All What exactly do you trade? We buy and sell index options.  The options that we sell are at a higher value than those we buy so we receive a credit as we open the trade.  They are called credit spreads. Why do you not just sell these option contracts? If we just sell these options, we could get a larger credit when we open the trade, but that type of trading is too risky and not for us.  If the trade went against us, we would have no protection and could, theoretically, lose an infinite amount of money.  By buying and selling specific options, we protect our investment by minimizing our downside risk.  We are going for high probability of success trades which are a much lower risk than those with higher returns. Is there a name for your strategy? Yes, it is called the Iron Condor and it consists of two credit spreads at different strike prices. How will I be notified of a new trade? We e-mail our subscribers with detailed instructions on how to open each trade.  We also have a member's page where our subscribers may log in to view the latest messages, trades, and current positions. How many trades are made during each month? We currently provide one Iron Condor position in five different indicies/ETFs per month.  You are not required to follow all five to earn 10% per month although trading in more than one will provide increased diversity.  This may increase commission costs, but they would be negligible.  You may follow one, two, or all five positions. Should I expect an e-mail from you every day? We do provide periodic market updates, but this is not necessary every day.  We do not want to flood your inbox with countless e-mails, nor do we want to waste your time by having you read novel-like analyses and opinions.  Other services do this to trick their subscribers into thinking that they are receiving a lot for their money.  We, on the other hand, already have a valuable service and do not need to resort to these tactics. When are trades opened? When options reach their expiration date, we are already looking for the right entry point for the next month.  You can expect to take on a trade soon after options expire which are the third Friday of every month. How long is each position held? We hold our positions for 3-4 weeks, until an adjustment is needed or they simply expire worthless. When do we exit the trade? As our strategy only requires for us to open a trade and wait until it expires, we will not have to close out the trade, again reducing commission costs. If we do need to adjust our position though, we will notify our subscribers via e-mail as well as our member's page. I have no experience in trading stocks or options, would I be able to follow your trades? Most of our subscribers started with little or no experience.  Our trades are e-mailed to our subscribers with very detailed and precise instructions so that our members have no problem entering and exiting... go to our sample trade page to see an example from one of our e-mails.  We first recommend paper trading and educating yourself (www.888options.com) on our strategies until you feel comfortable enough to actually make a live trade.  With our trading experience though, our members have gained a comfort level with placing these trades and a substantially larger trading account to go along with it. What if I still don't understand how to place the trades? If you have any questions or need help with a trade, it would be best to speak with someone at your brokerage firm.  Each broker's trading platform is different and they would be able to assist you best. What type of brokerage account do I need? It is very important for you to have an account with an options friendly broker that will allow credit spread trades.  They will understand the Iron Condor trade and have a lower margin requirement.  If you do not currently have a broker, visit ThinkOrSwim, tradeMONSTER, eOption, TradeKing, Global AutoTrading or AOS. If you are new to ThinkOrSwim or tradeMONSTER and do not yet have an account with them, please go to our Special Offers page to learn how to receive a $25 or $50 credit! Trading credit spreads requires some experience. Before subscribing, be sure that you have a trading level access high enough to sell credit spreads. Do you provide an Autotrade service with any brokers? Yes, we currently provide free Autotrade services with ThinkOrSwim, eOption, TradeKing, tradeMONSTER, Global AutoTrading and AOS.  Autotraders may select from any of the ETF advisories that we provide.  Your account will then automatically trade when these brokers receive our trade alerts. How much should I begin investing with? This is something that you need to figure out for yourself, depending on your situation.  Most of our subscribers have started out investing with $10,000 or $20,000, earning $1000 to $2000 per month.  Any investment less than $5000 may result in noticeably reduced returns since you will have to pay your broker their commission.  Be sure that you DO NOT invest your entire portfolio.  You MUST keep some cash aside just in case we need to adjust any positions.  NEVER put everything in one basket. How much should I keep in cash reserves? We keep 50% in our own accounts but some keep reserves as little as 25%.  These reserves are used only if a trade adjustment is needed.  To exit any of our positions, we'd have to buy the spread back at a higher cost than it was originally sold for.  If an account does not have enough cash to buy back (close out) these positions, the position must remain open and could experience a maximum loss scenario.  How much it would cost to close out the position depends on a number of factors and is impossible to predict.  We feel that it is much better to have excess cash reserves than not enough, even if this cash will not earn a return.  Do not let greed take over sound investment rules. What is the difference between index options and stock options? Stock options are option contracts for a particular company such as eBay or Google.  Index options are contracts for a particular index such as the DJIA, Nasdaq, etc. Do you trade index options or stock options? We trade index options and index based ETFs because they are less volatile than an individual stock.  Indices consist of a number of stocks weighted together in one basket.  If one stock in that basket has some negative news come out, the odds of the entire index trading downward is not likely. These are also more liquid giving us better prices for when we open the trades. Do you actually make the same trades that you e-mail? Yes, we have been making these trades in our own accounts before this website was even created.  We had tried many other systems being advertised out there and found ours to have the highest success rate with a reasonable return.  We created this website to help the average investor by saving them from the high stress and probability of losing money with those other systems, as well as educate them of the strategy the pros use. What are the downsides of your strategy? It is boring... very boring.  We open each position then wait until it expires.  Many traders like the constant hands-on approach of trading a few times a week or even per day.  That type of trading IS fun, but can be VERY stressful, require a lot of capital, and/or demands a lot of your time.  Most of the professionals live for that.  Just look at the floor of the New York Stock Exchange... everyone is yelling and screaming orders at each other.  It's a very high octane lifestyle.  We don't like that as it comes with an increased level of risk as well as stress. Can I lose money with your system? Of course.  All investments do not come without risk.  With an 80% to 90% success rate, we expect to have 2 losing months for every 12 month period.  Although losses will happen, we feel that the consistent success of our strategy will more than make up for any losses that we incur.  Take a look at our performance page! What are the differences between index based ETFs and traditional indexes? Visit our ETFs VS Indexes page for a side by side comparison. Do you have a referral program? Yes we do! We understand that the best way to grow a business is to provide a great service and to have customers refer us to others. We have developed a program to reward those that help us grow. For more information, visit our Referral Reward Program page. How much is your service? Our service is only $125/mo!  Sorry, we do not have quarterly or annual rates.  We do not have long term contracts and you may cancel at anytime. How do I cancel my subscription? If, for any reason, you do not wish to participate in our system any longer, simply log in to your Paypal account and cancel our subscription.  Your cancellation will be effective immediately... no questions asked.  If you are having problems locating where you can cancel your subscription in your Paypal account, just e-mail us and we will manually cancel your account for you. How do I subscribe? Just click on the "Subscribe" button below.

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