satorino-Certainly 10% a month is great which he did in 2008 and 2009. He is not off to such a good start for 2010. I have beat those numbers all 3 months of this year and I have had some serious screw ups (Option Genius being the biggest culprit). I consider what I am doing as pretty conservative. If I was writing calls on AAPL and GS instead of just doing vertical spreads, I would have really blown out my results.
You are right $150 is really pricey. Maybe I will pay it for a month or two to see what he has to say, but not at the present. It would be great if you could summarize what type of trading they are doing. You know exactly how I am trading, what are they doing different? I am still struggling to understand why if the service is so good, why you are not using it.
Here is my real problem. In the last 20 years I have used multiple brokers and multiple investment firms. All made great promises and non was able to even come close to their claims. I can now add Option Genius to that list. I have suffered two major market melt downs in 10 years and that is not going to happen again. So I have made the decision that going forward I will be in control on my investments. If I can't beat the market then I need to just put my money in 1.5% CD's and watch soaps all day like my friends. I refuse to pay someone else to tell me how to invest. I will pay someone to teach me how to invest, but most of those services are a ripe off also. OG was a great learning experience but does not live up to their claim.
It comes down to this. I would rather make 3-5% a month on my own and keep trying to improve my trading, than have someone spoon feed me so that I make 10% a month.
Sorry for the rant,
Jon
AI
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