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Zacks/Schaeffer's Options Trader

This trading alert service starts with the powerful Zacks Rank stock selection system. Then it adds Bernie Schaeffer's proven option trading expertise to time your trades for maximum profits.

 
 
 
8 Total Reviews
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Displaying 1-8 of 8 Total Reviews
F'in terrible. Don't waste money
First off, no money back---which is tricky because if you sign up for Options Newsletter you can get your money back. This is buried deep in disclaimers, TOAS and that crap...

Secondly, terrible trades that lose money. Like a bullish call on COH in recent months (PUHLEAZE)...

Third, though it says "Options low cost, usually 1-5 bucks", the last recommendation was for NFLX...

PLACE A DAY-LIMIT ORDER TO BUY (TO OPEN) THE NETFLIX (NFLX) FEBRUARY 22, 2014 365-STRIKE CALL AT A MAXIMUM ENTRY PRICE OF 27.00.

*** IF YOU ARE UNABLE TO ENTER THIS POSITION BEFORE THE CLOSE TODAY, WE RECOMMEND THAT YOU REPEAT THIS PROCEDURE THROUGH THE NEXT TRADING DAY. DO NOT ATTEMPT TO GET INTO THIS TRADE AFTER THE NEXT TRADING DAY'S CLOSE. ***



So there you go folks, a 2700 dollar flyer. Better Pray! Good luck!---

Do yourself a favor, just watch Options Action on CNBC after close Fridays...much better trades.

I was confused on the "MONEY BACK GUARANTEE" and have tried numerous times to get some capital back, but these guys are shady, phony, and worst of all TERRIBLE TRADERS....

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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My Worst Investment
I was offered lifetime membership (the service's name is "Super Trader" which is a higher level of service than Option Trader) for $6600, I thought it was a good deal, ordered in last December, and followed every alerts sent to my inbox. I also followed their suggestion which keep each position small (I always keep position size around $1000 for each alerts.) Now, less than 3 month, my account is down from $47,000 to $35,000. I started using News Letter service since 2002, this experience is brand new to me.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
2 of 2 people have found this review helpful.
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My Worst Investment
I was offered lifetime membership (the service's name is "Super Trader" which is a higher level of service than Option Trader) for $6600, I thought it was a good deal, ordered in last December, and followed every alerts sent to my inbox. I also followed their suggestion which keep each position small (I always keep position size around $1000 for each alerts.) Now, less than 3 month, my account is down from $47,000 to $35,000. I started using different News Letter services since 2002, this experience is brand new to me. Schaeffer's performance is not even close to any mediocre news letter services I have used.

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

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Schaeffers is a get rich quick scam
This is a review of Schaeffers option advise service. These guys have absolutely no insight on the market. NONE! Save your money, because you will loose more on their trade advise than their overpriced subscriptions.

I tested one of their Overnight Trader options sadvice at $150 per month and the result they have a success rate of less than 1 in 10. So lose money on 10 recommendations and recoup 1/10 of your losses on one. They make is easy to sign up but very difficult to cancel. Cancel one day late and they will keep billing you.

Also look out, you will be bombarded with dozens of "proven" get rich quick advise. Seriously if it sounds too good to be true then it is.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
2 of 2 people have found this review helpful.
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Not horrible
Not horrible but not amazing. Somewhere in the middle lies Zach's, research is sometimes worthwhile but often spotty. Wouldn't recommend, spammy e-mails all the time too.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
2 of 2 people have found this review helpful.
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A despicable scam BEWARE!!!!
In 2007, I signed up w/Bernie Schaeffer after getting their promotional emails and looking at references on Forbes, Fortune and Hulbert. Thought I was getting a reputable, savvy options advisor. I paid nearly 2,000 for them to do active trading. Mike Lewis set up 3 of their "best" account programs. They lost money from the start. Then he explained away the losses and convinced me they'd come up with a new brilliant program with a full refund-guarantee on the $800+ fee if it didn't. A year later, they'd lost every penny in all four accounts, plus they refused to honor the one money-back guarantee (they wouldn't even respond to correspondence). If they lost money advising and handling all aspects of the trades on my behalf on four of their "best" accounts, I can't see how anyone made any money taking their advise. BEWARE!!!!! These people should not be allowed to operate!

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
8 of 8 people have found this review helpful.
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Rip-off
Zacks is a bunch of losers, a bunch of wannabe trend followers who are almost always late for the party.... they don't have a clue about fundamentals and are hellbent upon producing as many services as possible and thinking about how to market them the best they can to create the most money.... problem is, QUALITY of TRADES SUCKS!!! The only value of Zacks is the Zacks rank which is free and outperforms most of their services..... Schaeffer is also an agressive marketer with performance less than stellar....

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
10 of 10 people have found this review helpful.
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Avoid at all costs
Ok so I can't talk about Zacks, this is just a review on Schaeffer's Options Trader

Schaeffer! wow where to begin with these guys, I'll start at the end for you lazy readers as this could be a long rant. In summation the only way to make money from Schaeffer is to do the exact opposite of what they tell you or just never subscribe (which is harder then it sounds!).

My father fell victim to their incessant barrage of emails, some of their classic one liners on subject lines include “last chance, 6 winners a month for 6 months,” “We just did it!,” “The closest you’ll ever get to effortless cash generation,” “that’s a six figure difference,” “this is your very last chance.” Things get better when you open these miraculous mails, benefits like life time subscriptions for $700, money back guarantee if you are unsatisfied, free ipod touch, double your money on 100 trades guaranteed, 60% off subscriptions.. They list enticing triple digit gains, just “samples,“ apparently they don‘t want to “bore you with the whole list today!”. Oh “and in the interest of FULL DISCLOSURE, let me tell you that sometimes our subscribers have to “settle” for double digit returns” Who writes this stuff, failed fiction authors?!

Ok so in an effort to continue this theme of full disclosure I can only comment on the Schaeffer player’s power series and weekend trader products. If we look at the weekend trader product, it sends a trade every Sunday evening at the same time to enter on Monday morning. This alone seems ridiculous, the fact that they guarantee a trade at the same time every week doesn’t seem very sensible, do they throw a dart, with some of their suggestions it would appear so. I can’t list exact trades as this would be a be a breach between SIR and subscriber but lets just say their emails begin to change drastically after giving in to them.

Firstly their reasons behind their picks make no sense whatsoever, primarily based on fundamentals, the charts just look scary but they don‘t include any technical analysis, not surprisingly they usually include confusing statements like although we remain bullish on “X” only 2 out of 11 analysts rate it as a buy, investors have yet to catch on to “X“ so options traders specifically are bearishly aligned . The following 8 out of 10 emails (rough approximation based on year of subs) are then “ we advise closing out of “X” put/call to reduce potential further losses!”

When they send new trades, the top of the email will generally read the “X” call/ put, “Y” call/ put, and “Z” call/put hit their respective stop-losses and were closed out last week.

Don’t be fooled by the money back guarantee, they will have one profitable trade every now and again which I assume will mean your guarantee is no longer guaranteed!

I rated it as entertaining as I actually find their ridiculous picks and incessant emails hilarious but avoid at all costs, invest in someone who lists their losses, bring back transparency, thanks to Timothy Sykes we might actually have a chance.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
7 of 7 people have found this review helpful.
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not that good
Schaeffers option picks come out once a month. they recommend call and put trades, they recommend maximum entry points and and exit points.

I have been trading options based on their picks and at this point from my experience 7 out of 10 picks that they recommend ends up losing money.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
4 of 4 people have found this review helpful.
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This review is the subjective opinion of an Investimonials.com member and not of Investimonials LLC.

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Displaying 1-8 of 8 Total Reviews
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