FAQs

Find the answers you need in our Frequently Asked Questions list. If you don’t see what you want here, please contact us.  We will answer your questions promptly, and any question general enough will be added to the list below.

Account (2)

How can I manage my subscription(s)?

Your newsletter subscriptions can be managed on the Manage Subscriptions page, which can always be found on the black “user” navigation bar at the top of the screen. Once on that page, you may add, remove, or update payment information for any of your subscriptions.

How can I change my password (or any other account details)?

Once you are logged in, you’ll see the username you chose in the upper right; clicking on your username will bring you to your account page where all details you have specified (and more) can be updated, including your password.

Plans and Goals (3)

I’m most interested in wealth-building; will following Wealthy Trades actually help with that?

Our main purpose is to provide strategies showing high probability and high profit, but naturally there are no promises to this kind of wealth building.  Credit spreads are a fairly reliable method for generating income since they package both leverage and hedging together.  Due to the leverage you get of a single contract being worth 100 shares of its asset, your initial investment has the power to go much further.  The hedging involves limiting your maximum and minimum returns before the trade is even placed. So, your overall trading choices while following the Wealthy Trades strategy simply has more power and chance of being all that you want it to be.

I value the security of a steady income. What value can you provide me towards this goal?

As our Strategy page explains, we trade weekly credit spreads with a  market-neutral bias. Also, as our Performance page proves in detail, this is a reliable and trustworthy strategy with which to create that steady income you’re looking for.  Consistency is where it’s at; come with us and find out for yourself how this adds up to a valuable, measured performance.

If I’m already trading long-term investments like stocks or mutual funds, how does Wealthy Trades help build my portfolio?

Credit spreads can absolutely improve a portfolio by building up the long-term security of your overall position.  You can start your investments by placing small investments following Wealthy Trades strategies and balance out the volatility that you might experience in your day-to-day investing. In any theoretical 3-month period, the S&P 500 might lose 3% of its value while your own investment portfolio, based again on our strategies can make money over the same three month span due to the range-bound limitations inherent in their placement.

Trading (5)

Will someone relatively new to investing be able to follow your trades?

Absolutely! Our recommendations are written so that anyone, experienced or not, can follow along. The system we have created requires no previous experience with trading. If you would like to see a more detailed explanation of our trading techniques, see our strategy page.

How are commissions calculated in your ROI?

Commission rates are unfortunately too varied among different service houses, therefore we do not include any particular commission structure when calculating our performance numbers. In addition to that, the size of an investor’s account will change the impact a commission rate has on its profitability, so it is too unstable to include in our calculations as well. It is therefore most sensible to encourage individual traders to manage their own accounts, including the impact of commissions, rather than weaken the offerings of our trading advice with portfolio management services.

It is extremely important as well not to be preoccupied with the transaction costs incurred by commissions as you may miss the less-obvious yet equally-important issue of how a trade is executed. Concentrate on finding an options-friendly broker if you haven’t found one already; a poorly-executed trade by someone offering low commissions may cost you more in overall performance. While this is not a comprehensive list, and certainly not a documented recommendation, try looking into services such as ThinkOrSwim or OptionsHouse.

How much money would I need to follow your trades?

It is not legal to give specific, personalized advice regarding account size, or how much risk any particular reader should take on, so we can only say that in general, accounts with less than $5,000 would likely face the disadvantage of decreased percentage returns, with commissions and slippage eating up a larger portion of profits than would be acceptable.

Are all of the positions you place weighted equally?

Absolutely. Just as any good trader must aim for consistency among their trades, our positions are weighted equally so that our historical record is accurate, and future positions will be reliable.

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