written by JB trader on 12/12/2007
Good Points
In a VERY flat market you can make money.
Bad Points
If the market goes to the upside or downside suddenly, you losses can be extreme.
General Comments
I used Optioneer for 3 years. I think anyone at Optioneer would tell you that I am a savvy investor and have done well investing over the years. Keep in mind, that I traded about 450,000 with Optioneer. The first two years I made about 150,000. By the third year, I lost more than half of my profits.
I joined Optioneer at the same time as four other people. We all left Optioneer in the last 5 months. They left losing MORE money than they made in three years.
You would be better off putting your money in a money market than doing this system. It costs 4,000 to join and $250.00 per month to stay in it. I'm not sour grapes. I knowingly took on the risk of trading options with them. But, please be warned that you will lose a lot of money over time.
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