To Graham;
My wife and I have been using Netpicks for a number of months, some time prior to their auto-trade feature startup. Initially, in the summer months, we had outstanding luck with them and were enjoying ourselves. When the auto-trade feature came along we pooled our funds together and jumped on the bandwagon. After that first month in reality we didn't have enough money left to continue to play like they did, but Ben & Jerry gamely kept us going by modifying their orders so we could fit. After the second month we had to give up entirely, definitly not enough funds to continue. At that point we followed their calls similar to the days prior to auto-trade, and now have very little money left with which to play with. Needless to say, that leaves a very bad taste in ones mouth. So Graham, I have alot of experience with them, and if you follow them you may make out great in good months, but any side-ways or down moving market is eventually going to catch up with you.
Ben;
What you said I've heard repeated by friends of mine who are stock brokers, and slowly I'm coming to realize they're correct. There are better ways to play options than the way Netpicks does. I'd be very interested in any more thoughts you may have on this subject.
Thank you both,
TomO |
