The financial publishing industry is an unusual industry.
It is rife with people who over promise and under deliver. That’s no secret, after all, it seems like the FTC is going after financial publishers all the time.
In that environment, there’s a reason why we at Options Sensei and Options360 don’t have any issues with any regulators…
It’s because we tell you the truth, the whole truth, and nothing but the truth.
So for example, in Options360 we had a very good October.
The closed positions in our model portfolio represented a $1331 profit for the month of October and a $1680 profit over the last 30 days.
That includes winners and losers.
How might we have fudged on the results to make it seem better than it is?
First, we could take the losers out and report that “We closed X numbers of trades for a profit of $XXXX.”
We never say that we are reporting all the trades that we closed, we just say the trades we are reporting made $XXXX profits.
It’s the kind of thing that makes the FTC mad…
And technically it is the truth, but it’s not the whole truth!
Or, we could monkey with the position sizes and say something like, “In the last 30 days subscribers have had the opportunity to collect a whopping $16,800 in profits.”
As a justification, we would just say that the subscribers could have made that much if they traded 10 times the recommended position sizes. For every contract, I recommended they would’ve had to trade 10 contracts.
Frankly, trading 10 times the position size I put on is not Options360 unreasonable because we try and keep the trades small so everyone can get it. However, making that claim is just plain dishonest.
Here’s my point, one of the most important things you can do when deciding whose recommendations to follow is try and suss out whether they are telling you the truth or just trying to sell you something.
Here’s the truth for Options360 for the year of 2021…
- We are 54% up for the year, winners and losers. And we have an exciting 7 weeks to go.
- Closed positions over the last 30 days paid subscribers a whopping $1680. If you traded more, they made more…but the recommendations delivered $1680.
- We have beat the S&P 500 every year since 2015. Something that 92% of large-cap fund managers can’t seem to do. The market beats then. I beat the market.
At $19, you basically don’t have anything to lose, and you have your financial future to gain.
To Your Success,