How Are These Options Tipping Services?

i came across several options tipping subscription services and hoping the vets here can suggest which are good ones and which ones aren't.

1) cashflowavenue.com
2) cashflowheaven.com
3) couchpotatotrader.com
4) firstclassadvisory.com
5) dailyreckoning.com which is promoting steve sarnoff.

i'm a complete novice and so hoping to find one service that can help me make a steady income of 5-8% monthly.

some of the results were awesome with triple-digit % profits, are they true considering the liquidity problems?

i'm looking for a service that i can easily follow the trading instructions and since i'm from asia, is the time difference a major issue?

hope to hear some positive response especially from the experienced traders, thanks.

All look like total b/s to me findcount.

But I suspect that you knew that

A Dashing Blade said:

All look like total b/s to me findcount.

But I suspect that you knew that

Click to expand...

you mean all of them ?! actually, one member of another forum who's been trading options for 8 years recommended me couchpotatotrader.

any tipping service that you've experienced that's good ?

findcount said:

you mean all of them ?! actually, one member of another forum who's been trading options for 8 years recommended me couchpotatotrader.

Click to expand...

Who writes CouchPotatoe -it doesn't say on the website
What is CP's track record -it doesn't say on the website

etc etc etc

findcount said:

any tipping service that you've experienced that's good ?

Click to expand...

No. Period.
There is no easy route to making money in financial markets. End Of.

A Dashing Blade said:

Who writes CouchPotatoe -it doesn't say on the website
What is CP's track record -it doesn't say on the website

etc etc etc


No. Period.
There is no easy route to making money in financial markets. End Of.

Click to expand...

couchpotato is written by mike parnos.

so you mean everyone in this forum is trading by themselves ? surely, some are using some help in one form or other?

OK ordinarily I would agree that there is no easy way but you can gain an edge DEPRENDING ON YOUR STRATEGY I BELIEVE..

In my view the reason for the plethora of tipsters is not just the fact that they want to make money, they would have to work. One way to suss this out is as follows:

1. Dont pay anyone anything unless you are assured of thier success in the field not as a trainer
2. Check the Alexa popularity of the web site in order to broadly gage activity.
3. If they cant feed you specific examples and you cant find a blog or group related to it.. its probably rubbish

Bear in mind though that it really does come down to the strategies you use and for options thier are almost infinite combinations of strategies you can mix and match.. Im just beggining to get my head wrapped around the fact that ou only need to pick one or two strategies and focus on thier ins and outs untill it beciomes second nature and then trade them at first choosing stratgies that will provide conservative returns due to hedging.

All of that said thier is only one service so far I am contemplating, thats the Dr J offer on stocks by using tips gained from the HEATSEEKER tool. This dude has a regular TV slot on the www.cboe.com itself!!! and he says " to get an edge in options you want to know what the institutions are buying and selling and whether its calls or puts not just open interest... riding on the back of those tips is a great way to improve your odds of success. " Its expensive though a massive $495 per month for the premium service.

Personally I cant think of anything else Id rather have access to apart from the Tradestation platform to effect those trades..
Hope thats of interest..

What selfrespecting trader would call himself "Couchpotato", anyway.

Split

No!!

Dude, don't pay anyone to provide you with options info. If you think that handing over cash to someone makes them more credible or useful, then you obviously haven't been around the block enough. The options markets are rife with "gurus", and most of them are useless. The best bet is to keep your money and check out some of the leading, and free, options info sites. Here are a few that I always keep in my favorites:

www.oicoptions.com - primarily for institutional traders

www.888 options.com - primarily for retail traders

www.theoptionsinsider.com - good for both retail & institutional traders

www.cboe.com - good for retail traders

There's more than enough good options info available for free out there. So keep your money and start doing your own homework. You don't need to pay someone to tell you to write a call on IBM. You can figure that out for yourself.

Hi.

Am I better off with an Advisory Option service or an Advisory CFD service?