Index movement prediction by psychic

[Venturer]

Please don't laugh. I'm serious.
A month ago I subscribed to an index option trading advice service of a psychic.
During that period I have received 3 recommendations to buy (and later of course when the time had come to close) a specific option series.
All profitable and quite accurate as to timing the right buy and closing sell moment.
I must say that I never buy for more than $ 5,000 at a time.

Does anyone else here has experience with stock trading tips of a psychic?

 

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[MJ DeMarco]

No, but if you win 20 of 20, let me know.

 

[andviv]

so how does this work?
You pay a monthly fee and they give you advice? Or is it a yearly fee? or you pay as you receive advice?

 

[AlwaysCurious]

For me the big question is why did you subsribe in the first place? What gave you confidence that this money is not thrown away?

 

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[Venturer]

No, but if you win 20 of 20, let me know.

I'll be very happy with a 15 of 20 win. With proper stop losses and money management that would be a basis for a handsome profit.

 

[Venturer]

so how does this work?
You pay a monthly fee and they give you advice? Or is it a yearly fee? or you pay as you receive advice?

I paid a fixed fee for a three months subscription.
Whenever the psychic 'sees' a large enough index movement coming I get an e-mail and a text message on my cell phone to buy a specific option series.
When the time has come to close the position he sends an e-mail and a texty message again.

 

[Venturer]

For me the big question is why did you subsribe in the first place? What gave you confidence that this money is not thrown away?

Since I am busy with other things I don't have the time to sit and figure out trading positions like I used to do frequently in the past. So, I was looking for a service like this one where I can concentrate on my other activities and still profit from option trading.

The subscription fee was only EUR 375 for three months. I made close to EUR 1.000 in my first trade. In the three trades that I did so far I made a total of approximately EUR 4.700.
In spite of the man's (presumable) psychic abilities I do expect some losses along the way.

 

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[DeletedUser394]

I paid a fixed fee for a three months subscription.
Whenever the psychic 'sees' a large enough index movement coming I get an e-mail and a text message on my cell phone to buy a specific option series. .

that's some scary stuff, but if it works for you go with it. I saw an episode of Mindfreak that disproved the entire psychic premise. Maybe this psychic is actually a qualified investor?

 

[Venturer]

that's some scary stuff, but if it works for you go with it. I saw an episode of Mindfreak that disproved the entire psychic premise. Maybe this psychic is actually a qualified investor?

It could be and as long as he achieves a win/lose percentage of 75% I don't really care how he comes to his trading advice. This way of trading options is so relaxed. I can go and play golf. When If I get a text message from the psychic and I'm not in front of PC I make one phone call to my broker to place the buy or sell order. So far so good :smxA: