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Trading Options For Income

www.tradingoptionsfo..
Category: Newsletters

Trading Options For Income is a subscription based options trading and market analysis newsletter. We publish options trading ideas using exchange traded funds (ETF) such as the DIA, OIH, SPY, GLD and many others. We offer two different strategies as part of our membership.
T.O.F.I. – Spreads – Using our proprietary technical, sentiment and volume based analysis we take directional and/or non- directional spread positions on a variety of broad based exchange traded funds (ETF) such as the DIA, IWM, GLD, OIH, SPY and several others. With our spreads program, we take advantage of current market conditions which dictate which type of spread strategy to employ. Sideways trending markets may be ideal for delta neutral strategies such as iron condors whereas strongly directional markets may be better suited for vertical type spreads. With our spreads program we have the flexibility to use all spread trading strategies as long as the positions are covered and have a limited risk profile. No naked short positions ever.
T.O.F.I. – Puts And Calls – The Puts and Calls strategy is a deep in the money directional strategy on popular exchange traded funds such as the DIA, IWM, GLD, OIH and SPY. Deep in the money puts and calls are a great alternative to trading stocks. If you are bullish or bearish on a particular stock or index, a deep in the money option will simulate the performance of its underlying stock with substantially less capital outlays. Deep in the money options are much less sensitive to swings in implied volatility than at the money options.

Our Strategies can be auto traded at:

  • Thinkorswim
  • Optionsxpress
  • Eoptions
  • TradeKing
  • Trade Wall Street Financial
  • Global AutoTrading
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Displaying 1-10 of 18 Total Reviews
Good info shared, but trades poorly managed
I've been a autotrading subscriber for one year (since April 2011). I became a subscriber based on their good previous track record, but then May and June 2011 hit them (and therefore me) with large losses. There are no more than 5 trades at a time and I traded with the recommended minimum size of $1500 per trade. One could say that a minimum account size is therefore $7500, but I'm sure that you shouldn't trade this as a major part of your overall portfolio, let alone all of it. That said, based on $1500 per trade allocation, I lost $9400 (including commissions) around May and June of 2011.

I thought maybe joined at the wrong time, and the start of a drawdown, so I decided to give them a little more time based on their previous claims. The rest of 2011 and Jan 2012 was much better, with only one losing month. But it was only enough to recover $7400 of the losses, still being down $2000 (including commissions) after 10 months. I was thinking that maybe in a couple more months I could have finally covered my losses. Unfortunately, in February 2012, they took a triple position in a QQQ straddle, only to lose 76% of the $4500, or -$3440. I was down over $5000 since I had started. I went one more month and recovered some of that, but pulled the plug at the end of March 2012.

Their performance reporting on their website is accurate, but be sure to include your commission structure to arrive at actual performance. Also, your performance may differ due to broker-to-broker autotrader differences (slippage) or your own manual executions. You may want to compare your executions to the published ones so that any discrepancies can be sorted out. Autotrading is not a set-it-and-forget-it device.

At the time I stopped my subscription, after 12 months, I have a loss of $-3970, which includes commissions (my comms are cheap, less than $1/contract) and not including subscription costs. These are autotraded results from thinkorswim, based on the recommended minimum size of $1500 per position. Their reported loss is less than this, but my losses include commissions (which averages between $15-30/trade, but as high as $100 on some larger lot-sized trades that were adjusted a few times). Also, there were a couple mistakes on behalf of the autotrader from nearly a year ago which caused a couple hundred more in losses in my account.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Excellent Service!
I have been a subscriber since August of this year and I have done very well. The first month I took a small loss but September, October and November have been excellent and I have made a return of nearly 45% after all costs including commissions and subscription fees.

The service isn't cheap but certainly not the most expensive at $79.00 a month. The returns are better, no, MUCH better than many other newsletter services I have tried. The trades are accounted for in their website immediately when a trade is closed. I can tell you that what is listed on their trade logs are actual trade results, at least since I joined the service in August.

The big difference between this service and some of the ones I have tried is that their trade alerts are sent intraday and not before or after market hours... I autotrade this service through my broker which works flawlessly.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Dangerous
These are auto-trades (copied directly from my broker account) that CJ Mendes of Trading Options for Income placed with my broker:

ERX ($6,525.29)

FXI ($132.89)

GDX ($44,564.83)

GLD $2,964.11

OIH ($35,760.04)

QLD $2,514.10

SLV $1,404.42

SSO ($50.00)

TNA ($1,631.41)

UYG ($3,247.16)

Total Losses $85,029.99

The loses took only 2 months.

I was a fool to give CJ Mendes control of $80,000.00 of my hard earned money. He lost 106% of the account allocation which forced me into a margin call.

And the loses would have been greater had I not gotten out of his most recent trades.

He portrays himself as a professional trader. Pro’s don’t trade

like he does.

Traders who do this to peoples hard earned money are not prosfessional and should not

be in business.

The man can’t go short, has no hedging trades at all, has no money management, and rides losers to expire at max loss.

Stay away from this service at all cost.

The poor fool who signed up with CJ in the last quarter of the year would have lost all the money allocated…he is not going to have much confidence in CJ’s trading ability is he. Only a greater fool would trust a 100%+ drawdown.

Doesn’t matter when one starts with CJ, or his trading history, drawdowns of this magnitude are absurd. Traders worth their salt never do this…never.

If CJ is taking big losses, then he has a problem, don’t you Think? And the problem is simple: He is not defining risk. He isn’t determining what the loss will be. Instead, he’s just trading like a knucklehead making one desperate move after the other, each with greater risk intended to make up for the last string of lousy trades he made. If it were possible, I’d give him a cyber slap and reach through my monitor and slap his face. Sadly, technology doesn’t yet allow for that. So instead, I just have to say that you’d better learn to control your risk RIGHT NOW! Don’t “intend” to do it. Losers “intend” to do. Winners “do”. There is no time lag between intending and doing.

Winners anticipate making money, but assume that they will be wrong.

CJ is a loser, he doesn”t define his loss…because it isn’t his loss, it’s the customers. .

Bottom line…. if we have to rely on people like CJ to call our trades then we are the biggest losers of all.

My only motivation in taking the time to comment on this site is to shed some light on Mendes lack of professionalism, and possibly save some other fool some of their money.

Take heed folks. If Mendes was legit he would not need your monthly subscription fee. He would be placing his own money at risk and not yours. He can lose all your money, if you like. It means nothing to him. He has nothing at risk and you have his ridiculous excuses for huge loses.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Not recommended !
Read all the negative reviews to know what could happen to your hard earned money. I lost about $20K but another guy who reviewed at stockgumshoe lost over $85K in only 2 months !

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Coaster SAN LEANDRO, California

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Worth The Price Of Admission!
I am completing my 8th month with this service. I have tried many trading newsletters and since I do not have time to trade the recommendations myself (yes I have a job!) I use the autotrading feature which works well.

Performance has been very good and I am up over 50% for the period (had been up over 100% before the commodity bubble sell off). Well worth the money as they offer 3 separate strategies for the same $99.00 a month.

The only negative that I have is that CJ seems to go on streaks (winners and losers) and that makes it tough to trade larger size. Better consistency would go a long way.

Keep up the good work!

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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LoveThis Service!
Excellent newsletter and CJ is very good at his craft. Been a subscriber for 6 months now and my semi annual subscription will be renewed! No hype or promises of outrageous returns.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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it's already been said; smal progits, HUGE LOSSES
Honestly, I think risk management is poor, as opined by others here. I was not happy with losing, so I unsubscribed. I only gave it a month, but that was more than enough.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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PandA Danvers, MA

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Honest and Profitable But Very Aggressive!
I have traded their so called Puts and Calls strategy for around 12 months now and have made a tidy profit. The thing with this strategy is that it is cheap to trade so most of the profits go to my bottomline not the brokers...

CJ is an aggressive trader and rides trades through deep swoons sometimes which makes the strategy not for the faint of heart... I am up nearly 100% net of all costs in the past 14 months although the past six weeks have been rough.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Small profits and huge losses
Started trading their alerts in April 2001 and lost $18K within 2 months. They went giddy on OIH and GDX with huge losses.

Here is my 2 months statement from TOS:

YEAR TO DATE PROFIT & LOSS TOTAL P/L YTD: ($18,330.76)

SYMBOL YTD P/L

ERX ($1,556.48)

FAS $250.00

FXI $140.00

GDX ($11,196.48)

GLD $850.00

OIH ($7,835.48)

QLD $476.26

QQQ $85.16

SLV $961.00

SMH $233.76

SPY $65.00

TNA ($465.62)

UYG ($647.40)

XLE $309.52

The results below says it all (TOFI Spread performance available at their site):

OIH 04/06/11 - 04/26/11 -44.6%

GDX 04/26/11 - 04/27/11 -92.3%

GDX 05/11/11 - 05/31/11 +01.3%

OIH 05/02/11 - 06/01/11 -51.6%

GDX 05/02/11 - 06/02/11 -92.9%

OIH 05/11/11 - 06/04/11 -40.0%

OIH 05/11/11 - 06/14/11 -53.4%

GDX 06/03/11 - 06/14/11 -84.5%

Be prepared for small profits and HUGE losses, sure to wipe out your account. CJ never replies to your questions/emails.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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What Happened??
CJ had a great track record for quite awhile and then something happened and he lost his mojo! Unfortunately this was right around the time that I started trading with the service and I lost 80% of my account by blindly sticking with him. I don't mind losing some trades now and then b/c it's going to happen...but 4 or 5 in a row and losing 50-90% on each one...ouch? Needless to say, I was not pleased with the risk management. Losses were not cut. CJ kept placing the same losing trades b/c he believed that they would turn around, but they didn't. I think that when you're so wrong on something, you have to step back and take another look at what's going on and accept that you're missing something there. I feel like many of these trades were placed hoping for the best. He does back up his trades with analysis in emails but he was obviously very, very wrong but still kept pushing the same trades.

Lately, I feel like he's panicking. He'll initiate a trade and then 5 mins later another email would come and say cancel that trade. That doesn't instill a lot of confidence.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Displaying 1-10 of 18 Total Reviews
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