Signed up for two years, cost almost $3,000. Added three options services.
Schaeffers service has so many recommendations that although it is possible to generate a winning trade, it takes place with about 5 losers. Incredible poor timing on JC Penny, Cisco, Carbo Ceramics etc., I mean the advice was the worst at exactly the right time. I lost a lot on Carbo Ceramics alone.
Their outlook is contrarian, and it goes like this: "everyone is dumping this stock, it can't get any lower because of this line on the chart, the majority of people are always wrong, so now is the time to buy!". Reverse logic for the flip side and presto, you have a service.
I would have probably lost my money anyway, but with Schaeffer at my back I lost more than I ever have before and a lot faster.
The only positive lesson is that Schaeffer's service has made me realize that if a so called veteran can't call options trades better than 15% (or less) of the time then I don't stand a chance either, so I will never trade options again. It cost me $3 grand for the service and I lost a lot more than that which is devastating.
Don't get sucked in. If you need Schaeffer's advice then you need to seek a different kind of advice. Look yourself in the mirror and admit that options is not easy and you are chum and not a shark Lock your money up and don't be part of the bloodbath.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
3 of 3 people have found this review helpful.
Was this review helpful?