hey i wanted to do this review from stockalertsreviewed.com from Russell
he took my service for 30 days and he joined the alerts and these are this is his honest opinion
he decided to be an affiliate after taking the alerts for a month he's very interested
he learned a lot over the course of the month and i believe he's very interested in learning how to
sell option premium so he runs a facebook group i would highly recommend that you guys join that
you can click on the link and you can join his group then he also has a discord trading group
you can check that out there and then he also did a video as well
so here's his review if you want to enroll then you can do you can use this link
he wrote after delving into David's service and getting to know him i think that his strategy and
service has great potential to generate significant income from selling options
it's a little different and outside the comfort zone I'm mainly a stock trader in the options
trading that i do is usually limited to straightforward calls and puts he joined
my service for a month and these are his honest thoughts former wall street investment banker
which to be honest i kind of regret i was kind of forced into investment banking actually
that's not really true i would say that i was guided into investment banking from my parents
but when you're told something at a really young age then you kind of feel compelled
to live up to your parents standards and to gain their approval so i guess i felt that
by going to a good school and by becoming an investment banker then i would i was meeting
my parents and my father's expectations so i do wonder sometimes how things would have been
different if i didn't um go into investment banking because i really didn't enjoy it
he calls me intelligent which i definitely appreciate i think attitude is is more
important than intelligence but i mean i guess it it's definitely good to to be smart as well
yeah here's a review that i did about investment banking and i've actually been contacted by
a few of the people that i named in the video and um yeah so that was interesting
all right so yeah i aim for 40 a year a high win rate that adds up over time and that's definitely
true i think that the win rate is very important primarily because i really don't want to deal with
stressful trades when you put a trade on and you know that like 90 to 95 percent of those
trades are never going to be challenged and that you're going to make money on it it really um
reduces the overall anxiety it's kind of like a set and forget it mentality where oftentimes you
can make a trade and then once that trade fails you can automatically or not not necessarily
automatically you would do it manually but you can then submit a buy to close order to close out that
trade at anywhere from like 50 to 65 percent of the profit or actually once that option erodes
where it's trading at about forty to fifty percent of what you sold it at then it would automatically
close because your buy to close order would fill and it would trigger so i do like those types
of trades because as i said before it reduces your stress and it also increases your win rate
117 percent yeah i would say that the 117 percent was pretty lucky because remember that that was
in 2019 and December 2018 there was a massive volatility increase and the market had a very bad
month in December 2018 so i was down in december 2018 and then January 2019 was very strong so even
though it counted january 2019 counted for the whole year it wasn't necessarily indicative of the
your overall returns because i think in January alone i was up like 30 or 35 percent because i
made money both on the direction when the market recovered and also on the volatility contraction
so i think from a normalized perspective is it reasonable to assume that you can make 117 percent
i'm probably not because if you even try to make 117 or 100 growth year over year then
unless you are going to experience a market which has very little volatility like we experienced in
2017 then that would be a great market where you can be very aggressive in your strike selection
but if you experience any type of volatility uh like we experienced in 2020 then you might
actually end up losing money if you try to make 10 a month or or 8 a month
yup i send the alerts via whatsapp
tesla so we sold a call in tesla we collected five dollars and 20 cents
yup that's what i try to do a lot of premium 520 with a 35 safety net that expires in two weeks
i would actually say that the majority of the trades that we make are about a b plus grade if
you see an a minus trade then that's very good and that's uh it's better than a typical trade
yes the grading system is subjective just based upon my experience
and then yeah we closed it out
just a few hours later we realized a uh close to a 50 profit because uh tesla decreased in price
i try not to overwhelm with too much
information and here i provide my trades for the past like three months or so i'm gonna try to do
that to look back uh every month i'll try to do it it's just hard um now i sound like i'm making
excuses but i will try to make a look back on all the trades i need to reorganize my priorities and
do a better job of freeing up incremental time and dedicating more time towards making new content
regarding technical analysis i i'm not sure that i agree or disagree with him because i guess you
can make an argument and say that i use technical analysis because a lot of what i do is based upon
price reversion or my perception that a stock is overbought or oversold and then i also couple that
with looking at the vix and look at volatility because the vix is a contracting index and it
tends to be mean reverting so even though price does not have a strong correlation to be mean
inverting i do tend to look at uh whether something is overbought or oversold and i
don't use any indicators for that but i just rely upon my experience and my perception of whether
something's overbought or oversold and then i also combine that with looking at volatility so yeah
i wouldn't say that i disagree with with Russell about this regarding my thoughts on day trading um
yeah i mean i i don't i think that if someone does day trading in a very disciplined manner
where they enter great trades that have good setups then i guess it could be profitable
i think though that many people are subject to over trading and for me personally when i try day
trading about 10 or 15 years ago i would also get like very anxious because what frequently
happens when you day trade is that you'll enter into a position and then it'll go against you in
the beginning and then you'll start or at least well let me speak for myself it would go against
me in the beginning and then i would get really anxious and then close it out where one of the
reasons why i like options trading is because every trade that we enter because it does have
a high probability of profit then it provides and affords you that large safety net where
if the stock moves against you by five or ten percent then it's completely okay because every
option that we sell does have that built-in safety net where you have the ability to be really calm
and you have the ability to wait it out because you're going to make money as
the option gets closer to expiring worthless so yeah i you know i definitely am not one to
disagree with his experience and i respect that um and it is what it is so i i choose
to to sell options to trade options and he likes day trading and you know we can mutually co-exist
so the strategy requires a lot of patience and discipline i would say i i do have students who
have less than fifteen thousand dollars i have students with as low as two thousand dollars
because that two thousand dollars is the minimum requirement for students to trade
on margin i will say though that you should not expect to make enough money to pay the monthly
fee unless you have over fifteen thousand dollars because we try to target around three to three and
a half percent every single month so as a result i think around like fifteen thousand dollars would
be the break-even point where you would be trading enough money or you would be trading and making
enough money to pay the monthly fee i do have a lot of people who have under 15 000 and then
they join the alerts for about one to two months just to learn and then they trade on their own the
alerts are not meant as an educational tool the educational course is meant as an educational tool
however i do believe that if you do have options trading experience you can trade the alerts even
with a small account for one to two months and then you can incorporate how we trade into your
own style of trading and then you can trade on your own so yeah i definitely believe and agree
with what he's saying where uh you're not going to make money if you have less than fifteen thousand
dollars because paying the monthly fee is going to eat up your profits that being said though
um you're welcome to join the seven day trial and then you can cancel so if you have a two thousand
dollar account whereas i do recommend that you join for one or two months in order to learn
how to trade and then trade on your own you can always try the seven day trial and then you'll
be sent a cancellation link in the what's up message and then you could just simply and easily
use that cancellation link in order to cancel the alerts before you get charged the monthly rate
i would also say that when you have a small account it is going to limit the number of
trades that you can make because you are going to have to trade vertical credit spreads additionally
from a buying power perspective then if you trade something like amazon it's going to eat up the
majority of your buying power and you might not be able to make that trade so it's definitely true
that if you have a smaller account between two or five thousand dollars or even a smaller account
below ten thousand dollars then you might be limited and you might only be able to make around
thirty or forty percent of the trades that we make it's true i like to trade both naked options and
vertical credit spreads in general i'll trade naked options when the vix is over 20 and then
spreads when the vix is below 20. i agree with him where the naked options are definitely difficult
for someone with a 10 000 account i guess you could trade naked options if you are trading a low
price underlying like facebook or raytheon or jp morgan something like that but once you get over
around 300 then it is definitely in your best interest to trade vertical credit
spreads especially if you have a smaller account because it's just more buying power efficient
pretty much it works because of the high win rate and if a trade gets challenged
then you just have to make sure that when the actual volatility is more than the expected
volatility then you have a way of managing that trade so that you don't sustain a large loss
that's pretty much it so you're going to win the majority of your trades and then the trades that
you don't win you just have to make sure that you control the risk so that you don't sustain
a large loss for the one or two or three or four percent of the trades that you don't win
yep instead of guessing direction you're able to collect premium as long as the
underlying stock trades above below or at a specific price prior to the option
expiring yeah it's really no different than turning yourself into an insurance company
yup that's true you'll need level three or four
yes we we definitely do our best to roll and manage positions to mitigate risk
i do sell options that are far out of the money yep i do roll the positions i try to reduce
portfolio volatility i strive to earn consistent gains while minimizing losses yeah and that's kind
of what i was talking about with 117 earlier where if you try to make a hundred percent every single
year it definitely is possible where you're going to have some amazing years but i try to reduce
portfolio volatility and smooth out the returns so that you're not subject to the ups and the downs
because from my experience the losses hurt a lot more than the gains feel so i try to mitigate
the portfolio volatility so that our emotional state and also our portfolio returns
are more even and they're more predictable that is true regarding tastyworks
it's true regarding spreads
yeah it's really easy to scale up the strategy i have some students
who have millions of dollars and they do extremely well
yeah the education course is 12 lessons and it sent one lesson per day and you'll write down
your unanswered questions and then at the end of the course you will email me your unanswered
questions and i'll make a custom video for you that answers your questions as they pertain to
clarification of items found within the education course i try to do my best to be very responsive
yep the course is made for beginners through advanced traders
yeah a lot of my content has been about health
both mental health and changing people's expectations because i feel like a lot
of people are addicted to money and they incur unnecessary stress in order to make unnecessary
sacrifices so i've shifted a lot of my content focus towards health both physical and mental
yeah that is true I've gotten a lot of suggestions about having a different tier of pricing
so for people who have smaller accounts and they could spend less and also receive a lower amount
of alerts the issue with that is it would pretty much double my work and i just simply
in one person i i just don't have the capacity to do that so i do apologize
the 349 dollars a month for the alerts is what i found to be a happy medium where people who have
fifteen thousand dollars can make a little bit of money and those who have less can also take
the alerts for one to two months and then incorporate my trading style into their own
and then trade on their own so i will definitely look into having a different tier but
at this moment i just simply don't have enough time and i don't have the capacity to
have dual services i would highly recommend that you guys sign up using russell's affiliate link
simply because i believe that russell's a really good person and he dedicated a month of his time
to take the alerts and to write this review for you he put in a lot of work
he made a video as well he went through the reviews he taught himself options trading
which as he mentioned in this review is something that he didn't have a lot of experience before
i definitely highly respect him because when people are used to a certain trading style and
it's working for them then they have a tendency to not want to spend the time to learn something
else so i have a lot of respect for Russell and i hope that you click his link and that you join
my service by using his affiliate link because by doing that you're showing your support for
other people to expand their horizons to learn new trading methodology and i really enjoy
my relationship with Russell i've learned a lot from him i think he's a good person
so please i encourage you to click his link visit his website and consume his content as well
thank you very much and this is David Jaffe doing a review of Russell's review
so I guess it's my reaction to Russell's review and i hope you have a great day