Gilbert
A unique option strategy with a lot of promise.
The market power options strategy certainly is an intriguing strategy that has a lot of potential. I joined the group in December, 2023 and successfully paper traded five straight signals without a loss. Since using real money in January, I have traded three signals, and have lost on two of them. My account allocated towards this strategy, is down roughly 40%. It is my intention to stick with MP this year, and will fully evaluate it at the end of the year. While the probability of success is quite high, it is extremely important that one manages their risk and only allocates a small portion of their portfolio that they are comfortable in losing 50+ percent in any given trade. No one should be using money that they need to pay the rent, mortgage, or put bread and butter on the table. The OptionGenius team does a great job in educating an individual about the strategy and the risks associated with the strategy. It is essential that an individual watch all the videos and paper trade for a period of time before taking on real risk. I would offer the suggestions to improve the strategy: 1) trades placed by Allen/Matt or any other member of the optionGenius team, should be displayed and tracked in a members forum like all other trades in other OptionGenius services. This is really important for providing full disclosure to current and prospective members. It’s nice to show off the wins but you also need to document the losses and have an aggregate total return for the year. 2) I have a sense after a couple of large back to back losses, some members may be getting concerned about the strategy. To address members concerns and recap the trades for the month, a monthly zoom meeting should be held by Alan or Matt and have these recordings available for replay in the members group forum.
Response from Market Power MethodMar 6, 2024
Thank you for your review. We are sorry that you have suffered losses. Hopefully you understand that this is a trading system, and in trading the only thing that can be guaranteed is that there will be losses. By following the rules of the system members should be able to win on more trades, and come out ahead in the end. Based on your review, it seems that you are NOT FOLLOWING the rules of the program since there were 4 trades in January 2024 and only 1 of them ended in a loss. If you want to trade your own way, that is your decision. But do not misrepresent your losses by placing the blame on the system. Also, since inception (Jan 2023) to March 1 2024 (14 months), there have been 81 official trades and only 2 of those were losses. For you to imply that the system does not work or that others are “getting concerned” is both erroneous and misleading. You mentioned that we continue to tell members to “watch the videos” and YES.. we have had to tell you that specifically a few times since you seem to have a tendency to go “off script” in your trading. (which is your right of course, but cannot place the blame at our feet) To Address Your Suggestions: #1: For EVERY single official trade, one of the coaches documents the exact trade and pricing in the members forum. This goes back to inception. They are all there. In addition, ALL of the official Market Power Trades are displayed on our performance page with full transparency and you can always see the updated page here: https://optiongenius.com/market-power-performance #2 - We have processes in place to stay in touch with every member to gauge their progress and solicit feedback. The trading system is simple enough that members understand it (if they actually watch the course videos) after doing just a handful of trades. There are many ways members can get support. If you would like us to review your trades to see what you are doing wrong, please submit your Trade Log if you are keeping one (instructions on how to do this are in the program). The Team at MarketPower



