Facebook Twitter
Now With Over 21,000 Reviews!
Sign up now and see how you can quickly earn 20 ivBucks.

BookingAlpha

My name is Trevor Vernon and I created BookingAlpha.com in response to the events precipitated from the financial collapse of 2007-2008. After years of generating additional wealth for already wealthy individuals through my hedge fund and various other holding companies and financial activities, I had a wake up call. Witnessing family, friends, and complete strangers being adversely affected ,and many totally devastated, by the ripple effects of the collapse affected me in a way I didn't know that it could. The greed, complacency, and morally corrupt financial system that it is Wall Street cause this devastation to occur. What's worse was I realized I was a part of this. I toiled sucessfully for years to perpetuate an industry of thieves, liars and cheats; and it was all coming home to roost. I was mortified and ashamed to be associated with such a farce.
 
 
 
93 Total Reviews
Overall:
 
5-Star       (67)
4-Star       (6)
3-Star       (7)
2-Star       (7)
1-Star       (10)
   
Top Review
 
Good Deal For $9.99
I haven't made any live trades yet, becuase I'm still trying to get familiar with complex options strategies. But from paper trading, the...
OptionsJoof
 
Show:  
Sort:  
Page:   1 ...
Displaying 1-10 of 93 Total Reviews
not reliable
They screwed alot of people

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
Embed Permalink Report
Was this review helpful?   Yes   No
Review Updated


This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

Overall Rating
Frequency
Accuracy
Value



Heavy losses, dishonest reporting
Booking Alpha used to be a decent, honest and transparent service but something very bad happened this year.

First, as you can see from the reviews, they experienced very heavy losses. In fact, the portfolio has lost around 80%. Losses are part of the game - however, 80% loss is completely unacceptable. Trevor blamed the markets and Mr. Bernanke for his failure, and then decided to do something which is almost unprecedented even in this shady industry: he just "reset" the portfolios.

In another words, the portfolio now starts from zero, like the loss has never happened. At the performance page, he has now two parts: 2013 (Jan to May) and 2013 (June to Dec). The most amazing part is that the Jan to May section (which has lost around 80%) still shows 41.42% gain!! No mentioning of the losses, and the post about portfolio reset is buried deep in the blog.

I would definitely stay away, despite the low price.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
1 of 1 people have found this review helpful.
Embed Permalink Report
Was this review helpful?   Yes   No
1 Comment on this Review
Review Updated


This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

Overall Rating
Frequency
Accuracy
Value



Too risky, do not recommend.
I was a subscriber for almost 2 years and recently cancelled. Trevor is good guy, but I cannot in good conscience recommend the service. If you do sign up, do not do the autotrade. This will allow you to bail out of trades based on your own personal risk tolerance. Fortunately I did not use the autotrade or my account would be been blown up. Most autotrade subscribers experienced 80% losses. There is no way to recover from that and Trevor should have known better than to just let the spreads keep going deeper and deeper in the money. The risk is just too high no matter what the probability of a pullback is. I wound up losing approx 30% of my options account which is unacceptable but at least recoverable. Luckily I bailed out of 3 of the 5 spreads that went south, but the 2 that expired at full loss were painful enough.

Hopefully, Trevor has learned lessons from this. He got burned last year too and made changes to the service (only trading back month options to minimize delta risk) but went back to his old ways because he was certain markets would pullback.

One of my pet peeves about a lot of these credit spread services, is that they do not include rolled spreads as gains or losses until they are completely closed out. Trevor had some spreads that had been rolled for 6 months that had massive losses built up in the them, but you wouldn't find them in in the track record. I am sorry but if you roll a spread, you are still closing one out and opening another and it should be reflected in the closed trades. This is not a slam on BookingAlpha, a lot of other services do this as well.

Also, for anyone considering this or any other options service, they are appropriate for only a small percentage of your investable assets (10% or less, IMHO). I hope no subscribers had a significant portion of their net worth invested in BookingAlpha (or any other options service for that matter).

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
4 of 4 people have found this review helpful.
Embed Permalink Report
Was this review helpful?   Yes   No
1 Comment on this Review
Review Updated


This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

Overall Rating
Frequency
Accuracy
Value



Kiss Your Money Goodbye!
I’ve been a subscriber to Booking Alpha for two years and canceled my subscription after losing over 85% of my investment capital. Trevor repeatedly made very aggressive bets against the Fed with 100% of the Booking Alpha monthly portfolio with disastrous results, ultimately wiping out the portfolio. He found himself on the wrong side of the market last year as well due to his stubborn trading style but apparently learned nothing.

Two cardinal trader rules are: diversify your risk and live to trade another day. Trevor did neither. Options are, by nature, risky investments requiring sound risk management practices and discipline which are clearly lacking. Trevor deployed trades in very low volatility conditions which resulted in lower premiums for higher risk, he allowed spreads to go in the money without taking the necessary precautions, he criticized individuals who got out of losing trades early (they saw what was coming), his weekly market analyses were based on personal hunches and wishful thinking rather than an objective analysis of the facts, he deployed 100% of the monthly portfolio’s equity, leaving no cash reserves for adjustments and posted incomplete and misleading results for his monthly service while removing yearly returns data for the weekly service. Despite all this incompetence, he blames Bernanke for his failures! Trevor’s results speak for themselves and should be carefully considered by anyone thinking about joining this service.

After he blew up his monthly trading portfolio he decided to simply “reset” it by renaming the service and started issuing new trades. Unfortunately, our investment accounts don’t have reset buttons. Instead of booking any alpha, I lost plenty of principal subscribing to this reckless and amateurish advisory. It’s hard to believe that Trevor has the trading experience he claims after such poor performance. I am embarrassed about the losses I sustained but I feel the need to warn others about this service. After my experience, I would never recommend Booking Alpha to anyone as there are far more professionally managed advisories with better results available. I don't think that the smart money invests with Booking Alpha.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
4 of 4 people have found this review helpful.
Embed Permalink Report
Was this review helpful?   Yes   No
2 Comments on this Review
Review Updated


This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

Overall Rating
Frequency
Accuracy
Value



Catastrophe !!! Lost 80% !!! Please stay away !!!
Fellow investors, I just cancelled his service today after being subscriber for more than a year.

During that time my account lost 80% (eighty) of its initial value !!!

I was subscribed to auto-trading service and entrusted him to make the right calls (I know :()

I'm writing my first service review ever just to make sure that no other people get burned by this incompetent fellow !!!

He got stubborn in shorting market rallies and recently started using f... bombs in his market analysis to justify his loses !!!

Recently he mentioned he might be changing name of the service since he started implementing new methods !!! Hide and seek !!!

Please, please stay away unless you want your hard earned money to be flushed down the toilet !!!

My worst financial decision EVER !!!

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
5 of 5 people have found this review helpful.
Embed Permalink Report
Was this review helpful?   Yes   No
4 Comments on this Review
Review Updated


This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

Overall Rating
Frequency
Accuracy
Value



Do Not Recommend
After reading many glowing reviews of this newsletter I decided to subscribe. I must say that it is not worth the risk, far from it. I wanted to get an accurate assessment of the skill that Mr. Trevor has, so I subscribed for 1.5 years. Doing the first part of last year my account dropped 20% because he doesn't know how to manage risk. Unfortunately his idea of managing risk is forming a condor with puts out of the money with call that are deep in the money. This makes no sense whatsoever, nevertheless after countless rolling and re-rolling of positions my account was down 28% at the end of the year. If you look at the website you will notice that for 2012 he seems to think that he was only down 8%. The reason is he doesn't count rolling losses up and out for huge debits as losses. He seems to think that as long as he continues to roll them for huge debits that they are not losses, after a while the premium is gone and you reach the point of diminishing return. For 2013 he started out pretty decently since he stopped trading front month options so that the options would have time to work in his favor. Everyone in the market is tracking that this has been a great year and that the market has reached new highs time and again, specifically the DOW and SPX. Mr. Trevor insists on selling call spreads that are one strike higher than the market but well within reach, instead of selling just outside of the market high like most common sense people would. If the market high is 1600 and we are still in a confirmed uptrend, does it matter that that we had ONE day of selling? Why would you roll a MAY 1490 cal to JUNE 1570 it is still at a loss! I understand loss mitigation but really? Meanwhile the position are condored with puts that are far out of the money and bringing in pennies per position while the call sides are losing thousands per position. Perhaps Mr. Trevor was a hotshot during the initial stages of the bull market but it seems that he has lost his touch. I have subscribed, lost a few thousands of dollars, and it is time to move on. In fairness, Trevor seems like a really nice guy, really honest initially, but it seems as if he is starting want to cover up one bad trade after another by rolling from one loss to another. So, if you are a new trader beware, this guy WILL lose you money. Do not pay attention to the claims of great gains because they are false. There are only two honest traders that I have found so far, and they actually generate profits, because I am still subscribed to them I will not reveal their names at this time. I will review them later. As for Booking Alpha, you get what you pay for.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
4 of 4 people have found this review helpful.
Embed Permalink Report
Was this review helpful?   Yes   No
7 Comments on this Review
Review Updated


This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

Overall Rating
Frequency
Accuracy
Value



Break Even at Best - Do not recommend this one
This is just okay and I think, based on no facts, that Klaiman, the publlisher, may be writing many of these reviews himself using alias' sign on's and email addresses. I've read too many questionable reviews about him that certainly raises many flags. Anyway, I decided to join and see for myself. Very streaky. Made some money and lost a lot so it's not profitable over time. Break even at best.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
2 of 7 people have found this review helpful.
Embed Permalink Report
Was this review helpful?   Yes   No
6 Comments on this Review
Review Updated


This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

Overall Rating
Frequency
Accuracy
Value



The best valued iron condor/credit spread alert service
Have been with bookingalpha since September 2012 and am up 16%. Don't have time

to watch trades because of full time job so the email alert service is perfect for me.

Whenever positions are threatened, Trevor is quick to roll out to protect the credits received.

Taking a non-directional stance on the market in general is the only way to go.

Love the service.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
2 of 2 people have found this review helpful.
Embed Permalink Report
Was this review helpful?   Yes   No
1 Comment on this Review
Review Updated


This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

Overall Rating
Frequency
Accuracy
Value



Back on track
After some ups and downs this year I am making money after the changes Trevor and BookingAlpha implemented. It is a nice change from other newsletters I have used that stayed with a trading style because they could not admit they needed to adapt. Keep up the good work, Trevor!

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
4 of 4 people have found this review helpful.
Embed Permalink Report
Was this review helpful?   Yes   No
3 Comments on this Review
Review Updated


This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

Overall Rating
Frequency
Accuracy
Value



Winning streaks, but too risky
BookingAlpha has some good runs, and hopefully they can keep it up by changing their risk managment. However, I do not recommend BookingAlpha at this time for the following reasons.

1) I don't believe they have solid exit strategies for positions working against them.

2) They rides losers to where both the short and long strike are in the money (OUCH !! - why not roll before its too late ?).

3) They will risk 60% of your account ( if you have 20% risk allocated per trade) to one side of the market with 3 indexes closely correlated i.e., SPY DIA and IWM. What if there is an event overseas overnight... your out 60% of your equity,

With this all being said I think they have great market insight with great winning streaks, however those profits can be blown out by wiping out 60% of your account in one trade with 3 correlated indexs. Too much risk with BookingAlpha, they need to cut losses quicker and not take too much risk with one side of the market. If you join BookingAlpha, allocate no more than 5% of your account for each trade.

Joe

Atlanta, GA

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
1 of 4 people have found this review helpful.
Embed Permalink Report
Was this review helpful?   Yes   No
3 Comments on this Review
Review Updated


This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

Overall Rating
Frequency
Accuracy
Value



Page:   1 ...
Displaying 1-10 of 93 Total Reviews
Investimonials Sponsors
 
Similar Products to Review
 
Featured Investing Products
  
  
  
  
  
  
  
  
 
Users of BookingAlpha
 
 
Bigcharts  3 New ReviewsThe Stock Swoosh  7 New ReviewsThe Art of Warfare  3 New Reviews@investorslive  3 New ReviewsInvestors Live: Textbook Trading DVD  30 New ReviewsDay Trading Radio  6 New ReviewsStockcharts.com  3 New ReviewsBuffett: The Making of an American Capitalist  4 New ReviewsInvestors Live  3 New ReviewsFreeStockCharts.com  6 New ReviewsBloomberg  4 New ReviewseSignal  3 New ReviewsShortStocking DVD  4 New ReviewsEmini Academy  8 New ReviewsSpeed Trader  9 New ReviewsProphet Alerts  3 New ReviewsSeeking Alpha  6 New ReviewsReminiscences of a Stock Operator Annotated Edition  4 New ReviewsAn American Hedge Fund: How I Made $2 Million as a Stock Operator & Created a Hedge Fund  3 New ReviewsTheTechnicalTrader  17 New ReviewsTradeKing  3 New ReviewsNinja Trader   5 New ReviewsReaper Trades  3 New ReviewsTIMfundamentals Part Deux   3 New ReviewsiTrading App  16 New ReviewsG6 Trading  3 New ReviewsTDAmeritrade  6 New ReviewsPennyStocking Part Deux  5 New ReviewsYahoo! Finance  4 New ReviewsFous Alerts  9 New ReviewsInteractive Brokers  8 New ReviewsSteadyOptions  16 New ReviewsJapanese Candlestick Charting Techniques, Second Edition  4 New ReviewsPicks That Make Cents  13 New ReviewsBioRunUp  3 New Reviewsoptionshouse  3 New ReviewsC squared Trading Alerts  5 New ReviewsHow I Made $2,000,000 in the Stock Market  3 New ReviewsPennyStocking DVD  4 New Reviews@super_trades  3 New ReviewsLiteForex (Lite Forex)  12 New ReviewsJim Cramer's Action Alerts Plus  3 New ReviewsInvestors Hub  3 New ReviewsSuperNova Stocks  3 New ReviewsSureTrader  9 New ReviewsSuperman Trade Alerts  8 New Reviews1 Option  23 New ReviewsInvestors Underground: Live Trading Chatroom  4 New ReviewsMarketWatch  3 New ReviewsWandering Trader  13 New ReviewsApex Futures  3 New ReviewsThe Wolf of Wall Street Movie  4 New ReviewsTradingHub.Co  4 New ReviewsPennystocking Silver  6 New ReviewsJason Bond Picks  16 New ReviewsTheDayTradingAcademy  5 New ReviewsInvestopedia.com  4 New ReviewsDayTradingZones  4 New ReviewsJigsaw Trading   32 New ReviewsSharePlanner.com  8 New ReviewsBreak Point Trades  14 New ReviewsThe Lincoln List  4 New ReviewsThinkOrSwim  12 New ReviewsThe Snowball: Warren Buffett and the Business of Life   3 New ReviewsThe OptionTiger  11 New ReviewsTIMfundamentals  3 New ReviewsFOUS4  5 New ReviewsSchool of Trade  9 New ReviewsAlpha 7 Trading Academy  9 New ReviewsThe Wolf of Wall Street  3 New ReviewsTIMAlerts Monthly  6 New ReviewsFinViz  3 New ReviewsSuper Trades  3 New ReviewsStage 5 Trading Corp  17 New ReviewsWinningStockCoach  20 New Reviews