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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
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.
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?
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.
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.
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 !!!!!!
Avoid this guy
I wish I'd come across this 6 months ago before I lost $1000s with Bottarelli's option and small cap services. His reported results are somewhere between exaggerated and downright lies. He's very good at answering email questions until you question any of reported results. Then you don't hear from him. As for the small cap service, every recommendation lost money! Big money! One thing he does have going for him is a good advertising copywriter. But that's about it.
I was there too
I have had a slight different experience. One, for anyone, mad that you have to be at the computer all the time and waiting for an email to buy or sell. Well what the heck should you be doing? Yes, if you want to make money trading, its not go play basketball and get a text message and then have time to drive home and place a trade. Trading the market is a JOB. You get up, take a shower, get dressed just as if you had a real paying job and then sit and wait for the market to give you a place to buy or short! Now for this company, yes I have made money with Bottarelli Research. I have to agree with some that numbers are not always correct. But I played a lot different then most. Most people would take a 25K account or 10K account and buy equal number of options. Example 10 contracts of ABC at $1.80, 10 contracts of CDD at $4.00, and 10 contracts of XYZ at $5.90. Well this is the WRONG way to trade this company. I would have use 10K of my accont and split it so I could buy 5 different contracts with 2K each. Example I would have traded ABC at $1.80 and bought 11 contract, traded CDD at $4.00 and bought 5 contracts, and XYZ at $5.90 and bought 3 contracts. I did make money but I grabbed 15% to 25% and sold. The reason I don't like his service is that he spends 30 minutes to an hour writing why he wants you to buy the option, where as if he would just send a simple email like: Buy DEC 08 AAB at or below $3.00 and later after that he can write the book why he thought this was a good buy. I have sent several emails and without luck to change his mind. But, I stress that if anyone thinks they can play a video game, watch TV, play outside, cut the lawn while they are trading then I believe they will always lose. I have been trading since 2000 and I have lost some and won some. But my account is still in the green. Yes I have bad habits too, that I lose money to. I like to gain a lot then try a penny stock or two. HEHE
One of the worst option traders I have ever seen. His entries and exits are a fiction of his imagination and are not attainable in the real world of option trading. In addition, he loves to take "quick" profits of 10-15% but lets his losers run into losses of 40-70%. I have tried this service for two years and would not recommend it to my dog.
His stop loss prices are hardly ever followed and he doubles his position a lot with the hope of a recovery in the stock..After all it is not his money!
Do Not Get Sucked In!!
Official Response from Bryan Bottarelli of Bottarelli Research
This is Bryan Bottarelli, editor of Bottarelli Research. To help readers formulate informed opinions about Bottarelli Research, I'd like to provide an official response to the criticisms posted in this forum. Let's start with the facts...
Since launching Bottarelli Research in early 2006, our investing service has not had a single down-year. In 2006, 2007, 2008, and thus far in 2009, our trading returns have all been profitable. Considering the extreme levels of global wealth destruction that occurred in 2008-2009 (some estimates have concluded $11 trillion was lost since October 2007), I'm extremely proud of our performance.
How does our track record compare to the performance of other investments offered by financial professionals? According to BusinessWeek, 11,584 out of the 11.585 mutual funds tracked by Morningstar lost money in 2008. The one exception was a fund that was flat on the year. It gained 0%.
And how about hedge funds? Well, 95% of the hedge funds listed in the November 24, 2008 issue of Barron's had lost money for the year. Most were down well over 45%, which is worse than the benchmark indices. And don't get me started on financial planners. They'll tell you to "stand pat, things will turn around soon." You know how well that's worked out.
So as you can see, maintaining four consecutive years of profitable trading is quite an accomplishment -- something that I will stand up for and defend.
Now I will admit, achieving these results takes work. It requires fast action, great timing, and sometimes a bit of luck. For example, some Bottarelli Research subscribers get frustrated if they miss a trade. If they're out golfing, for example, and I issue a sell alert, they cannot act upon the trade immediately. And as you very well know, the markets do not wait for anyone. So, let's say this particular member gets back to the clubhouse and notices that I have added a profitable trade to our track record -- sold a few hours ago -- but now the price has moved lower and he's showing a loss on the same trade. Some people might criticize listing the trade as a winner (because it may not have been a winner for every member), but in all honesty this is one of the risks of trading in a fast-paced market. I don't think it's fair or accurate to place the blame on the service or its recommendations. And if I had to put a number on it, I would estimate that this is the cause of 90% of the criticism we receive.
Now don't get me wrong. I'm not saying that every loss is due to members failing to act on our trades in a timely manner. I have certainly had my fair share of losing trades, and I'd be a fool to suggest otherwise. My point is that outperforming the markets takes hard work. To address this, we've been implementing the latest technology to improve and add new delivery methods to get our alerts to subscribers as fast as possible. In addition to traditional e-mail, we also offer RSS (Really Simple Syndication) and a feature on our site we call Alert Auto-Notification, which checks for new alerts every 60 seconds and automatically displays them (and plays a notification sound) -- all without having to refresh your browser window. Using these methods, members can receive new alerts virtually the instant they are published. Bottarelli Research is an investment service committed to using cutting-edge technology to give our subscribers the best advantage possible, and we will continue to enhance our services to remain a leader among Web-based investment newsletters.
As an editor, my job is to serve my clients. I watch every minute of the market and give the very best recommendations I can for placing trades. My one and only objective is to make subscribers money. After all, if I don't make them money, it doesn't give them much incentive to stay with us and renew. It's as simple as that. And considering that Bottarelli Research has maintained a customer base extremely close to our membership limit throughout our existence and has a cancellation/refund rate far below the industry standard, it's clear that the majority of our subscribers are having great success and making money with us.
Editor, Bottarelli Research
If you are interested in learning more about Bottarelli Research, please visit the links below.
Bottarelli Research Track Record (including all past trades)
Sign Up for the Free Bottarelli Research Newsletter
Bottarelli Research Options Invitation
Subscribe to Bottarelli Research Options
Bottarelli Research Small Caps Invitation
Subscribe to Bottarelli Research Small Caps
Bottarelli Research LEAPS Invitation
Subscribe to Bottarelli Research LEAPS
"You Beat the Hell Out of Schaeffer, Najarian, Couch Potato, etc."
I have to compliment you -- beyond the obvious great trades. Your website and its management are the best in the business. I have tried and left a number of vendors whose sites were largely useless and technically unusable. Your use of RSS and robust email is absolutely beyond compare -- you beat the hell out of Schaeffer, Najarian, Couch Potato, etc. etc. Nice to see somebody understands customers as well as the market.
- Bottarelli Research Options member E.D.
"Your alerts Work Extremely Well"
I've been searching for years for an advisory that actually would reliably make money. I've tried a bunch of advisories. All the paid advisories that Oxford Club has to offer, all the paid advisories that Sovereign Society has to offer, plus a lot more. None of them work anywhere near the boast levels of their advertisements. Your Bottarelli Research alerts work extremely well. I got out almost at a double on this one. 91.4% for a two day trade -- an excellent return to say the least. I'm a believer, and I'm going to be sticking around.
- Bottarelli Research Options member L.B.
"The Best Service I Have Ever Used"
This is the best service I have ever used and I have tried them all.
- Bottarelli Research Options member D.B.W.
View more Bottarelli Research Member Testimonials
Your self-calculated "Track Record" is meaningless -- as testified to here by previous posters. Register yourself with an independent 3rd party such at Collective2 or Trader Track and let your signals be autotraded by an unbiased system. Then come back and show us your wonderful results.
I know nothing of the vendor in question so this is just directed at vendors in general. Never, never waste money with a vendor who either doesn't provide real money trading statements from a real money trading firm. Or lacking real money trading statements then see if his results are audited by an outside tracking service such as Hulbert or others. If anyone feels they have been mislead by a vendor then contact the enforcement division at the CFTC in Washington. They frown on falsified track records and will take action.
Bottarelli Option Service
I have been trying out Bottarelli's Research Option service for the last 4 months. Here is my conclusion:
This is a day trading option service - sometimes a "few minutes " option service. This is not disclosed in his marketing materials. He has about 6 very volatile stocks that he tracks( right now CMG, NFLX, MELI, DLTR,GMCR, VMW ) and others that pop up on occasion. He can be in and out of the options on one or more of those stocks a couple of times a day. He is looking to pick up quick changes in premium over a period that may last from a few minutes to a few hours. You need to be logged in to his website to be sure you get his buy and sell recommendations in real time. You have to be ready to pull the trigger instantaneously.
I have had a few occasions where I was late by a few minutes and missed the trade. This is a very frenetic service. If you have deep pockets I believe you can make money. If you are trading 5 options at a time on a low budget, you probably will not make money or will get frustrated with the small gains after you net out commissions. This is not for the faint of heart. He only buys calls and puts, no option selling.
Bottom line- I didn't do all of his trades. I stayed in some after his sell recommendation and made some money and lost some as well. I ignored others due to lack of capital tied up in other trades. Of course those were the ones that did really well! I have lost money trying to do this while managing another job and with about $8,000 to play with. IF you want to stay at your computer all day, have sufficient capital, have guts, and follow every recommendation in real time, you can probably do well. Otherwise stay away. I don't plan on continuing.
He has another service, called call Option Blasters that is a longer duration service but I have not tried it.
1st month not encouraging
After 40 days and taking every trade (within 15 min max of alert) my win loss record is 45% wins with average gain of $148 and 55% losses with $199 average loss, with average of $1,500 invested. Total loss of $750 so far. Holds losers and doubles down, while taking profits quickly; also is biased on market direction (mainly down) so this could've contributed to the sub par results. Sometimes its hard to get in after the alert at his entry maximum, but most of the time it isn't.
Just hit a profitable strangle on Cree for plus $800, so that helped his averages so far.
If he provides an edge it isn't in his trade management-but perhaps over a longer time period his edge will be revealed--just hasn't shown its face so far. Trading very small to test it out and will probably give it 60 days total.
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