Optioneer Trading Index options trading Reviews

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Latest Reviews

★☆☆☆☆

“It works great in a flat market”

Written on: 30/01/2014 by Ever50 (1 review written)

I was with Optioneer for three years. I invested approximately 500,000 and made 175,000 in two years. The reason I made so much is because I often ignored his rules. I discovered early on that if you got out when he suggested you would often take massive losses of 30 to 35,000. And most of the time you could just hold on to expiration. The last year I made the mistake of following his rules. The market had huge swings and I thought it would be safer playing by his rules. Big mistake. I left… Read Full Review

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★★☆☆☆

“Know your options before accepting Optioneer after trial ”

Written on: 05/08/2012

I earlier wrote a review about having found Optioneer ineffective in real life and over 50 backtests. Here is what I would add now that I know a bit more about options trading. 1. At certain times Optioneer recommends that you put a good chunk of your money into certain paid trading programs provided by some other companies that they recommend. 2. Much of the time the market is not trending. 3. Iron condors blow up when the market is trending. 4. I conclude that they make recommendation "1"… Read Full Review

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★★★☆☆

“I have been with Optioneer for two years. I funded my...”

Written on: 25/03/2011

I have been with Optioneer for two years. I funded my account with only 30000. Now it has grown to 41000. I have some losses that wiped out the gains of 3 trdaes at once. Anyway, I consider the profit quite good, albeit well below Optioneers publicity. I only trade Condors (my mistake?). About my mistakes: greed and holding on to a trade too long, having had a chance to be content with 70% targeted profit.... About my merits: I try to wait for larger spreads; I do a lot of small trades at… Read Full Review

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★☆☆☆☆

“If you are considering Optioneer...the best thing you...”

Written on: 28/02/2011

If you are considering Optioneer...the best thing you MUST do is a thorough backtest over previous years, during your trial period. Do a test trade starting each month in several of the strategies, going back as far as your data will allow. Only then will you have an idea what to expect. I did not know to do that, and only tested current trades, which all did well. At a very minimum look back to a period where the market was trending, and do some backtests in that period.
I used Optioneer… Read Full Review

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★★★★★

“I'm relatively early using Optioneer, but have been...”

Written on: 12/12/2009 by dkgambler (1 review written)

I'm relatively early using Optioneer, but have been impressed so far. I will echo the comments of another poster; you have to follow the rules. No exceptions. That's what you are paying for when you buy the license, it makes no sense to pay for the license and then ignore the rules. I personally have yet to exit any trades at a loss. However, I am 100% certain that I will have losses, in fact Optioneer essentially guarantess you will have some losses that offset your gains. That's where I… Read Full Review

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★☆☆☆☆

“This system did not protect my capital at all. The...”

Written on: 14/10/2009

This system did not protect my capital at all. The heavy reliance on selling index puts wiped me out during the crash. I couldn't get out and Optioneer had no workable solutions. Their brokers panicked just as much. I know it was a terrible time but the biggest sufferer was my family. We lost everything. I was a quivering mess. It's a terrible story… Read Full Review

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★★★★☆

“I have people that I know that have used Optioneer...”

Written on: 22/07/2009 by optionguru1 (1 review written)

I have people that I know that have used Optioneer Trading Index options trading for years and some of them have had the same experiences many of you have described but when asked honestly they all admit to not follow Optioneer's rules and guidelines. It is easy to blame someone else when you lose money and not take the responsibility yourself. I know that Optioneer has great fundamentals and I know people that have done really well with the program but they have followed the rules and not got… Read Full Review

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★★★★★

“The structure of the trades and simplicity of the...”

Written on: 07/11/2008 by rjoptionprice (1 review written)

The structure of the trades and simplicity of the website. I am retired and love that it only takes a few minutes managing my account. I have traded for 10 years and spent hours calculating trades. With their program I can do it in minutes. I actually have had nothing but good experiences with Optioneer. I have suffered my losses and made my mistakes. I am a responsible trader and take the blame for my mistakes. I have re-evaluated when I did not follow my exit guidelines and can see the… Read Full Review

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★☆☆☆☆

“Over 4 years, my averaged turned to be 3%. Huge...”

Written on: 16/01/2008

Over 4 years, my averaged turned to be 3%. Huge profit quickly in 24 months, then wiped out 12 months later. My advice? Get out while you can or take your profits & run elsewhere.

Nothing lasts forever does it?… Read Full Review

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★☆☆☆☆

“I joined Optioneer Trading Index and made money for a...”

Written on: 17/12/2007 by JB trader (2 reviews written)

I joined Optioneer Trading Index and made money for a couple of years, though each year I had some losses of $10,000 to $30,000 dollars. But the last year I was with them we started to have huge losses. I left Optioneer Trading Index this year. They will tell you that with Andy's system you minimize your losses. But, that is not true. Often times, if you got out when Andy suggested you should, you maximized your losses. Then the market would correct itself and you would realize that you… Read Full Review

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★☆☆☆☆

“I used Optioneer for 3 years. I think anyone at...”

Written on: 12/12/2007 by JB trader (2 reviews written)

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… Read Full Review

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