Find Financial Freedom

I’ve just spent about half an hour reading a very interesting landing page on the Elite Option Trader website which explains how they are able to pick winners almost every time and make huge profits by trading options.

I enjoyed reading the webpage, found it very interesting, and almost believeable, however, I don’t think I’ll be signing up. You see, the sorts of profits they talk about are very good, which makes me wonder “Why on earth would they be willing to share this with others?”.

They state that you can turn $2,000 into $91,771 in just seven weeks time. That’s fine, if it’s true, then I’m absolutely jealous of anyone that does have the ability to get a 4589% return on investment in just seven weeks!

The only problem with it is that they go on to show how they’ve come to this conclusion, and it is in showing you their calculations that I cannot help but think that this is just another “easy money scheme”, whereby the website owners make “easy money” by “scheming” to dupe unfortunate suckers out of a hefty yearly subscription fee. Incidentaly, the subscription fee for this is $1,500 normally, but is currently being offered with a 47% discount, yours for only $795 per year.

So what makes me so sceptical about the system? It’s the blatant sales techniques used on the landing page. Let me give you an example, they show you a list of trades done in a particular month that made the following returns:

• 168%
• 41%
• 360%
• 164%

What’s more, they say that if you started with $2,000, and multiplied it by the gains, and then repeated for all four plays, you would eventually have ended up with $91,771. Surely this is not a wise strategy? Even bums that spend their days in the local betting shop know that when they’ve won some money on a game or a race, then only spend the winnings, or if they need to gamble more, they only gamble with their winnings.

If I were to follow their plays and assuming I’d started with the same $2,000 as they suggest, I would have made the following, slightly less risky plays:

• $2,000 investment, returns 168% profit of $3,360
• $3,360 investment, returns 41% profit of $1,378
• $1,378 investment, returns 360% profit of $4,961
• $4,961 investment, returns 164% profit of $8,136

By following this strategy, you would have made a far safer $17,835 profit, and what’s more, the original $2,000 stake would have been returned, meaning from then on you were only speculating with the winnings. And what’s more, from the 2nd trade on, you had returned your original investment of $2,000 and crystalised the profit of $3,360 on the first trade, by only using the profit that was generated on the 2nd trade, which was staked by the profit of the first trade.

If their advert (as I guess that’s the only use of their Google landing page) had been a bit less bullish about the returns, and demonstrated a more conservative approach, I might have been hooked. As it was, I felt that this was simply a get rich quick style scheme, designed to entice unsuspecting readers into signing up for their subscription.

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