Hi All,
I'm a trading novice and I only learned about the Trade Ideas app the other day. I watched a brief demonstration video of it and it looks very promising! It appears to be robust, yet user-friendly. I observed during the video that search results can be filtered based on Probability of Profit (POP), among several other criteria. I observed several Put Credit Spread and Iron Condors trade candidates with POPs in the high 60s and even 70s percentile ranges. Is there anyone here that can tell me whether they placed any of these high POP trades and if so were they profitable?
I just learned that I can download the Trade Ideas app directly from the web site, but there must be a catch. Surely, they're not giving it away for free. Either it's fully functional for a set period of time after which some features are disabled, or it must have limitations out of the gate (i.e. delayed Real Time data) until you pay a subscription fee? The company that made the video alluded to the fact that a subscription is required to access and use it. If that's the case, can anyone let me know if the app generates enough profitable trades to justify the cost of any subscription?
TIA
