Optioneer Trading Index options trading Reviews

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“It works great in a flat market”

★☆☆☆☆

written by Ever50 on 30/01/2014

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 with 30,000 in profit. You would be better going into a mutual fund or even a money market. This program would work well in a flat market, but then you don't need it.

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

★☆☆☆☆

written by 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 during 2010 and never made any money. I laid off, did some more testing, and then canceled my feed. There were four small trades that I exited early, though, with losses. One of them would have balanced the other three (losses) if I had followed the rules... but it got precariously close to a bigger loss. These were during a persistent uptrend in the markets during the spring. In a fifth larger trade during another period I followed the rules and lost.
Later I did a back test, picking trades each month from the various categories, covering about 50 trades. A pattern emerged, that there were regular losses that often wiped out the gains. What emerged was that by following the rules a slight profit was likely, but nothing that justified the risk, expense, and effort. I talked with my broker there, and surprisingly he agreed with me. He did say though that they make "adjustments" i.e. like rolling out a trade, to save some of the losses. He was definitely a nice guy...something does not fit. It could be that experienced traders with an instinct for the market have some intangible that are not covered in the strategies. But I am reasonably sure that at face value Optioneer does not deliver what it says.

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

★☆☆☆☆

written by 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

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

★☆☆☆☆

written by 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?

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

★☆☆☆☆

written by JB trader on 17/12/2007

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 didn't have to take the losses you did.

If you ignore Andy's advice you will make more money, but not enough to make this system worth the price you pay. The system does do better in a market that is range trading, but in that type of market you don't need Optioneer. You can do it yourself. Overall, I would have to agree with the first review that you would do better in a money market account with a lot less stress.

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

★☆☆☆☆

written by JB trader on 12/12/2007

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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