jim fink investing daily personal finance scam

Some go in the money A LOT! Nothing sucks more than logging into your account one morning and seeing a margin call for over $20,000.00 which happened on one of the trades I traded. Many of the positions in the Options for Income strategy go in the money.Or, maybe he will roll again to increase the return. That is right 2 YEARS! If I am lucky, 2 years from now the trade will end with a small profit. One position I currently hold started out as a 60 day trade, it went bad twice and now is rolled out over 2 YEARS from today. Roll outs! Apparently the reason Jim Fink does not lose money is because he will infinitely roll out a position increasing risk (and the amount of funds you tie up in the trade) and selling more and more and more time.I assume in his trades he is counting the position actually filling at $4.00, unfortunately that was not always the case for me and my guess is many other people. Jim Fink would recommend selling XYZ spread for $4.00 and keep moving it down every 30 mins or so until filled.What problems did I run into during the testing? This should not have made any substantial difference in my results but I wanted to be 100% truthful in my review. One other thing I changed as I watched a few of these trades go from good to bad was I started closing profitable positions for a nominal amount when I had the chance. IT WAS A GOOD THING I DID, since I did not even think about how adjustments would affect my risk! That is why I elected to trade an average of 3 contracts. If the average spread was 5 on each trade that would mean using 10 contracts I would need about $5,000.00 per trade or $80,000.00 for 16 with no room to make any adjustments. I assumed that most trades would take at least 60 days to end (I did not consider adjustments) so I would have about 16 trades going at any one time during the testing. If Jim Fink recommended 2 trades per week, then I could assume I would have at least 8 trades per month.

Why did I not use 10 contracts? As stated above I did not want to dedicate that much of my portfolio to an unproven system. So, going into this I knew that I would probably not get the $65k he promised since I was using a smaller number of contracts. I tried to keep my average a 3 so each of the trades would have an equal effect on my overall performance. I therefore traded between 2 to 4 contracts per trade. Jim recommends using 10 option contracts when trading his strategies, I knew I wanted to take all of his trades in the test time period and could not afford to use 10 contracts with the portion of my portfolio I was dedicating to this. That being said, I decided to give his strategy a try using part of my real portfolio.Ī couple of things up front. However, it should be noted that in paper trading you cannot guarantee getting the same fills you would in real live. Most of the time I HIGHLY recommend paper trading (simulated) a new strategy whether it is yours or someone else’s before trading real money with it. I searched online and some decent reviews and decided to give his service a try. I have been investing a LONG time and know that most of these claims are either outright false or are at least not all they seem to be. If you Don’t want to read this entire review, CLICK HERE to see our YouTube Video about Jim Fink’s Options for Income! Options for Income caught my attention the most because he said you can make $65,000.00 additional every year just by following his recommendations. I have been seeing advertisements for Jim Fink’s Options for Income as well as some of his other products for some time.

Jim fink investing daily personal finance scam