I'll be straight up, I'm interested in Options as a way to make give my investment portfolio a booster. However I dont really have the time, being full-time employed, to watch the tickers. I've recently come across an online service called BigTrends. They offer to do the analysis, select option positions, and place orders on these positions on your behalf to your broker of choice. Ie taking the hard work (and fun?) out of option trading. Has anyone had any experience with BigTrends? To the purists amognst you is this blasphemy? Am I a dope for considering them, or does this sort of service have merit and can it be successful? Any insight would help.
This topic is discussed on another thread called "the haves and the have N.O.T.S" in the options forum.
TAP - I'll be straight up as well... DO NOT SPEND ANY MONEY AT BIGTRENDS.COM!!! I got suckered in at the NY Traders Expo where Price Headley talks a good game. There I bought $3000 worth of 'services'. Later I bought $3000 for 'options shark'. I ended up losing my ass on these services (I was auto-trading, just like what you want). Options 'Shark' is routinely down 80%+ on EACH position. If nothing else, just do the reverse of what they recommend. JUST TO MAKE SURE I AM CLEAR HERE - STAY AWAY FROM BIGTRENDS.COM!!!
Yeah Bigtrends doesn't have good track record at all, they make money selling brand new service every 3 months....until its track record is so bad and then they start new one..... I don't know why the author Price Headley who wrote the book bigtrends doesn't know how to trade...... don't believe people who write books....they are good in writing books not trading...... and finally BIGTRENDS.COM is BINGJUNK