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-   -   Bottarelli Research is it a fraud? (http://www.elitetrader.com/vb/showthread.php?t=94115)

Bogan7 May 10th, 2007 03:44 AM

Bottarelli Research is it a fraud?
Hi there I just got an email from Bottarelli research in my inbox has anyone heard of these jokers seems to good to be true (and pricey) and was wondering if anyone had any experince with this group they do options so they remind me a little of the Optionetics crowd which if is true wouldnt go near.

Anyway just wondering

P.S. the webpage looked dodgy as well if the bloke is doing so well at get a decent page


loanfinder May 10th, 2007 12:41 PM

forget about it and anything else that comes from agora (options hotline) or taipan (wavestrength).

at best, you subscribe, do the exact opposite of their recommendation and then ask for a refund after 30 days.

mcnutt May 14th, 2007 03:55 PM

Why not trade instead of writing about trading?
If he is so good at trading, why does he write about trading instead of actually trading?

calitrader07 May 22nd, 2008 08:01 PM

Bottarelli Research is a FRAUD
I traded with Bottarelli Research for a period of one year and lost a large sum of money. Basically, he sends alerts and you enter and exit options positions throughout the trading day. On some days you may be placing up to five trades. The model portfolio is a joke as he always writes the maximum price you could have sold at and the lowest price you could have bought at to look good on paper. At times options will hit stop losses and he will not register the loss. There were times when an option went to almost zero and he would not register the loss...the market would then climb sometimes weeks after and THEN he would register the loss as the option had climbed back up in value. This is NO WAY to trade as trading options without stops and letting them fall to almost zero is a guaranteed way to lose money. It was frustrating to be placing trades within seconds of his alerts and still not making any money while the model portfolio looked so good. Save your money and skip Bottarelli Research. I will write specifics on here when I have more time.

multitrader Jun 4th, 2008 12:13 PM

I agree totally with calitrader07
I had about the same experience as calitrader07. Unless you are sitting at your computer waiting for his email alerts on options trades you won't get in at the price he recommends. I missed well over half the trades. I paid $800 for 3 months and lost $1000 total in about 20 option trades. I wasn't sure if it was the sideways market or the Bottarelli Research, maybe a little of both. Either way I won't try another 3 months.

Now is Now Jun 4th, 2008 08:53 PM

Send the mob around to him to convince him that he has been messing with the wrong people...in the meantime....

Send a $100 to the Salvation Army for your stupidity thinking that others are smarter than YOU....for Christ sake !!!!!!

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