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1. How much is your service?
$97.00 US per month. Pay annually and get 2 months free! Save $194.00!
2. Why is membership limited to subscribers?
Multiple reasons actually:
- I try to personally help every member that needs it. My time is limited.
- I can’t have thousands and thousands of people doing the same trades. It would distort the market.
- Bad things happen to people who affect the whole market.
- I also want to have some exclusivity to the newsletter and web page.
3. If it’s so easy to make 5% a month why isn’t everyone doing this?
There are actually a few people doing this. As you can imagine, they don’t want everyone doing the same trades or else they would lose their edge. Another reason is that options, if used irresponsibly, can be risky. If you don’t know what you are doing, you will lose. I’ve been to seminars put on by two of the companies that say they “teach” you to trade options. But you only learn enough to be dangerous. Armed with what I learned in these seminars, I proceeded to lose over 50% of my money. You have to pay them $10,000 or more to be coached. You might be wondering which seminars I went to. They were two day seminars that cost several thousand dollars to attend, and about half the time was spent selling software packages, additional courses and coaching. Also, I want to stress the safety of my trades, not the monthly return. My 90%+ accuracy is far more important to me than my ROI. (Return on Investment). Right now my low month was a 3% return. 3% compounded is still way better than you will find elsewhere. And if you only have $10,000.00, 3% is $300.00. You pay me $100.00 for the newsletter and you are still up $200.00. I tried very hard to find a way to help investors in all income ranges.
4. Why haven’t I heard of these strategies before?
Don’t be fooled by the radio, the TV or the Magazines, they are part of what I call the Grand Illusion. We are Guppies swimming with sharks and the media is their accomplice. But if you listen or read carefully you might hear about some of the strategies. But the media will not talk much about option trading or advanced option strategies, except in a negative sense. Truth be told, these strategies have only become suitable for investors in the last 4-5 years. Before that, option commissions were too high. There weren’t as many instruments to trade options on as there are now, and ETF’s weren’t invented yet. Years ago, you never heard much about short selling either, but now you do. I expect, in the next 5-10 years hearing about option trading will become commonplace.
5. But I’ve lost money in the past with options! What makes your system different?
I don’t buy options. I sell options. The majority of option traders are option buyers and that is why they lose money. Options expire worthless 85% of the time. The odds are stacked against them. I play with the odds in my favor. I like being the casino, not the gambler. I use a conservative style of trading and keep my losses as small as possible. It’s ok if you have lost before. Most individual option traders are negative over their lifetime. By using my system and following my trades, anyone, even if you have lost a lot before or have never traded before, can profit. I suggest you just paper trade the trades until you feel comfortable. And then when you jump in to live trades, start small, very small. Start with just one contract if you want. Get a feel for the trade, then increase your size as you gain more confidence in the system.
6. What if I have never traded an option before?
We have committed to continue to add several tutorials on the site that can get you up to speed. All you need to learn is how to place orders on your broker’s system. If you call your broker, they will be happy to help you. Our trades are very simple to place with your broker. Until you feel comfortable I suggest you paper trade my trades. Most brokers now offer paper trading versions of their software so you can trade with “fake” money and no risk. When our auto trading account gets approved, you won’t have to do anything at all. Your account will “shadow” mine, and do the trades all by itself. Your only decision will be how much to withdrawal and how much to reinvest. 3rd Law of Wealth says invest at least 51% of your growth.
7. Can I trade using my retirement accounts?
Many option brokers allow you to trade these strategies in your IRA as long as your account is all cash. My trades can be done in an ROTH IRA but your broker has to allow it. If you broker does not, I suggest moving to a broker that allows you to do whatever you want with your own money. Don’t let your broker tell you what you can or cannot do with your capital. There is a referral program with the online brokers I use. email me and we can both make a quick $100.00 for you opening an account with them.
8. What’s your winning percentage?
I like to put on trades that have about an 90% chance of probability or more. But by keeping my loss on my bad trades smaller than the profit on the good trades, I end up way ahead. Check out my Historical Proof.
9. What if I can’t trade during the day because of my job?
No problem. I don’t recommend that anyway. I do all my trades after the market has closed ( and mostly on the weekends), so I don’t have day traders playing volleyball with stock prices. When you get home, check your email for any about new trades or adjustments. If there is anything to be done, log into your broker’s website and put in your order for the next day. We are not day traders. You can get into our trades up to a few days after we release them. As long as the trade falls within the criteria that we set for that particular trade you can get in. For example: every trade comes with instructions about how much debit or credit you should get. Even if you are placing the trade 7 days after we released it, if you are still getting close to the same credit/debit, you can place the trade.
10. How do you notify members of trades?
Once a trade is made, we email all members. You can also sign up to receive a text message when a trade is made.
11. How liquid are the markets you trade?
Very liquid. One of my search criteria is Volume. You will not have trouble getting into or out of positions unless the market goes completely bonkers. And that is another reason why membership is limited.
12. What if the market goes crazy again like in October 2008?
I did not get hammered like everyone else did. I had some of my “Long Hold” stocks go down temporarily, but that didn’t matter, because I didn’t sell them, I get paid to hold them. There were still good option plays available for those who looked. My Rowboat survived the storm quite nicely, it was one of the things that happened to convince me to share my system.
13. Can I use your trades if I do not live in the USA?
If your broker allows it sure. We actually have lots of members who do not live in the USA. It doesn’t matter where you live. You could place these trades from the beach in Australia or Fiji or the mountains of the Andes or Himalayas. Live anywhere in the world and make money trading. As long as you have an internet connection, you’re good to go.
14. Why don’t I buy a course and learn on my own?
You could. I did, and continued to lose money. I always say you should continue to educate yourself. Learn as much as you can. With my newsletter you have me right there with you in the same trade. I tell you when to get in, when to adjust, and when to get out. There is no guessing.
15. How much money do I need to have in my account to use your system?
I suggest you start with $10,000. But some people start with more and some start with less. You shouldn’t start with less than $1,000. Also, only use money that you can afford to lose. Let’s not play with the mortgage payment ok? If you don’t have that much, follow the First Law of Wealth: Pay yourself first at least 10% of all you earn and you will have some money to put to work in no time.
16. Do you trade these same trades in your account?
Yes. I place every trade that I release to members.
17. How many trades do I have to make every month?
I try to release 1 to 5 trades a month depending on market conditions. You are free to choose any of these trades. You can do as many as you want.
18. What broker should I use?
I use self-directed online Brokers. There are several good ones. Anyone that allows you to trade option spreads is fine. Once you are a member, you can see whom we recommend in our Resources section.
19. Can you just manage my money for me like in a mutual fund?
Sorry, but I don’t manage money. I only trade my own. But I give you my exact trades so it is almost the same thing. This way, you can brag to your friends that you are a successful trader.
20. Do you guarantee I won’t lose money?
Of course not. While I do my best to keep from losing money, we do have losses. As long as the losses are smaller than our profits we will be fine.
21. What do I need to start?
All you need is a membership and a funded account at a broker that allows you to trade option spreads. I personally like to get all the bells and whistles when I open an account even if I am not going to use every bell or whistle. It is better to have it and not need it, than to need it and not have it. When you go to open an account to trade options, the broker might ask you how much experience you have trading options. If you do not list enough experience, the broker might not let you trade the types of strategies we do. In that case, find another broker that will. Or ask us for our referral program and we both make an easy $100.00
22. How do I cancel if I need to?
To cancel your ‘Oracle Speaks’ Membership, you simply have to login to your PayPal account and cancel your subscription to us yourself. This ensures that you are no longer authorizing PayPal to deduct money to pay us for your subscription.
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