Fact or Fiction? You Decide
I would like to interject my two and half cents to the previous posters debating the performance and ratings of this site.
I've been a member of Steady Options for almost 2 years and I have been a trader of every strategy, vehicle, and time frame imaginable for over 15 years. I have not only been a member of most every site out there but also ran a trading platform with over 400 members. We had quite a few months that netted over 100% in performance through auto trading. These were based on real fills and we often posted our personal fills online. That being said, it never ceased to amaze me how a few people would nickel and dime and nit pick when it came to performance. Heaven forbid that someone's fill was a dime different than what we posted. Suddenly we where liars who were out to get everyone. Get real.
First of all, Bijpy_gopal and Jozsika are definitely entitled to their opinion. But they are making claims that are inaccurate. So let's step back and look at facts in the real world.
I encourage everyone to take look at other option sites out there and understand how their published performance is tracked and reported. In reality most sites out there are completely off with what they post and what is actually obtained. In fact, most sites simply send an alert and that's where it ends. Management and exit is on you. As an example, here is a description of another option site explaining how they post performance:
" ....posting results that indicate what was possible for traders to achieve on every single trade, good or bad. We realize that it is highly unlikely to achieve these results, but it is incredibly important to track the performance of our trades in this manner."
They post the HIGHEST "what was possible" return and count every trade that popped at least 10% to the upside a winner. Even if it went up 10% and then fell 50%.
But this is what people want to see ... and makes them sign up.
Now let's turn to SO. I would be willing to bet that Kim and his site to be one of ... if not THE most accurate, concise, realistic and transparent sites out there, ESPECIALLY when it comes to performance reporting.
However, I'm sure a few of you out there will argue back and forth the minor details in this area, so let's look at it a different way. I've owned a few businesses and whenever you look at the potential profit it is prudent to include a margin of error. Typically, it's 10% to 15%. Let's do that here and ramp it up even more so that there is no confusion. Let's use a 50% margin of error. Sound fair?
So we are going to use only HALF of what is reported.
SO achieved 89.7% in 2013. If we include a 50% margin of error he still would have returned over 43% which means he would have OUTPERFORMED the S&P 500 by over 11% in it's best year since 1998.
I might also add the stock market achieved these returns simply because it headed straight up. It was directional. Let's remember Kim has a non-directional strategy approach with the ability to enhance returns even more during a choppy or negative market.
Through running my own site I am well aware of the time and patience it takes to run a membership program like this. You are limited on vacations, and flexibility of time, and have to deal daily emails and those with unrealistic expectations.
Also, to the person that complained about 2 down months last year ... you are a perfect mark for all those sites claiming the holy grail that will never lose your money. Try a few of those then let us know how it goes ...
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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