[TheOptionClub.com] Re: REDOPTION bites....need another service.....

 

Joules,

The first point I need to make is that you assumed everyone trades like
Dan Sheridan. They don't. Dan Sheridan trades like Dan Sheridan, and
that is where it stops. We are all wired a little different from each
other and respond to situations in our own unique way. On top of that,
the guys at TOS don't subscribe to the concept of adjusting trades.
They put 'em on. They take 'em off. They manage an inventory of
trades, not individual positions.

The second point I need to make is that you're not getting professionals
managing anything for you with an autotrade service. You get what you
pay for and $20.00 per month only goes so far. Autotrade services are
born from the newsletter publishing industry. They publish trades. You
sign a power of attorney that instructs your broker to execute whatever
trades they publish. The publisher of those trades has no idea what's
happening inside of your account, or whether the trades they publish are
appropriate for your particular situation or risk tolerance. Your
experience is a case in point. You were uncomfortable with how the
trade was unfolding and they did nothing. Why? Because they're not
managing your account. They're publishing trades. Big difference.

Christopher Smith
TheOptionClub.com

--- In OptionClub@yahoogroups.com, "Joules" <jouless360@...> wrote:
>
> Well....I have been so busy at work that I could not manage my trades
ontime anymore. I was doing ok...but I thought....wow...for $20 a month
I can have professionals watching it for me every day. So I signed up
for autotrade with REDOPTION.
>
> So needless to say...you get what you pay for...lol They put a double
diagonal on the IWM for me and let it run up and past the breakevens. I
was watching the trade and waiting for a Dan Sheridan type of
adjustment.Well...it never came.
>
> I finally emailed REDOPTION and asked...What is Frank doing? ( a play
on words as they have a daily advisory called ..What is Frank Thinking?)
>
> Anyway, they answered and said that they do not adjust trades an put
the customers at more risk..... lol...I could have put on that trade and
went to sleep for 20 days for nothing.
>
> So....I don't mind paying more for an autotrade company that manages
trades like Dan Sheridan would. Besides...I am down $1000 bucks now
because of REDOPTIONS do nothing attitude. I could have spent that in
monthly management fess.
>
> Does anyone know of such an autotrade company that can do TOS that has
a decent track record?..and of course does adjustments when it comes to
the breakevens.
>
> Thanks,
> Joules
>

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