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written by reader Andy Chambers P-Time

By prose, July 24, 2016

I subscribed to Andy Chambers P-Time trading in Oct. 2015 after getting a heavy handed sales pitch from a outside sales agent. That should have been my warning and i should have passed. I paid $5000 for a subscription and i think it has been the worst investment i have made in advisors. He suggests buying mostly puts or calls ETF’s out many months in time and when it goes against you he suggests buying the opposite (calls or puts) and keeping the loser. His philosophy is if you buy them far enough out the depreciation is smaller which is true but who knows what an ETF is going to be worth many months from now? So if you think buying an out of the money call on an ETF 11 months out for over $600. per contract makes sense then you might want to try his service. One put and call trade that has been on since January 2016 has cost $5.70 and is now worth about $2.90
I am just trying to find an trading opportunity to get my $5000 back before my subscription expires. I keep looking at his recommendations for one that makes sense to me but for example last week ending 7-23-16 he had no posted trades since July 8. You all know what opportunities there have been during those 2 weeks.

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.



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