Actually it is 2.1% because there were 11 trades that did not fill. On margin it would be 4.2%. Still $99 per month is a nice profit for them.
From: OptionClub@yahoogro
Sent: Monday, May 24, 2010 3:10 PM
To: OptionClub@yahoogro
Subject: Re: [TheOptionClub.
$99 per month...
Based on track record which lists a 1.75% per week profit since 01/01/2009
Your risk amount will need to be $1500 just to cover the fee. If you have a big bank-roll or your risk tolerance is higher than mine then this is not an issue...
Personally I am in the 2k (2%) per trade ballpark; also having someone else make trades that are "proprietary" makes my rump pucker. SO this does not really make a lot of sense for me.
Joey
On Sun, May 23, 2010 at 9:23 PM, Ricky Jimenez <rickyjim@bestweb.
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Hey, thanks for the information. your posts are informative and useful.
ReplyDeleteMidcaps