Options - Autotrade facility

A number of companies, both Australian and in the States offer an "autotrade" facility where they trade on your behalf via on line brokers such as OptionsXpress and Think or Swim.
The results quoted by these companies are in the order of 70% this calendar year.
Trading is based on US stocks and indices, and deailed reports are provided with every autotrade.
Generally, if it's too good to be true, it probably is?
Has anyone had experience wit this type of trading?

ps Have noted many posts re the Optionetics training course. While not attending their training course, I have purchased the total manuals package via e-bay for $800. It's a great introduction to options trading, very comprehensive.

anipin said:

ps Have noted many posts re the Optionetics training course. While not attending their training course, I have purchased the total manuals package via e-bay for $800. It's a great introduction to options trading, very comprehensive.

Click to expand...

Thats still a rip off

You could buy 3 really good options books for about $300 - $400. Plus TOS has heaps of webinars you can download and listen to.

I would place my bets that the books you buy will be more comprehensive than Optionetics ever will be

Live and learn

Thanks for your comments. I believe that cost is not the issue, but what that outlay can return, ie return on investment of both time and resources. I have purchased many books on trading, attended webinars, purchased other resources, attended seminars, etc etc,....
I have found that the optionetics materials very helpful by way of introduction, and as a reference guide, covering a broad range of information, more valuable than most of the books, ... and you would lose your bet... regards

anipin said:

Thanks for your comments. I believe that cost is not the issue, but what that outlay can return, ie return on investment of both time and resources. I have purchased many books on trading, attended webinars, purchased other resources, attended seminars, etc etc,....
I have found that the optionetics materials very helpful by way of introduction, and as a reference guide, covering a broad range of information, more valuable than most of the books, ... and you would lose your bet... regards

Click to expand...

Apologies that I put it so bluntly. Once emotionally invested, one will defend ones choice - which is a pit fall of trading.

Ask anyone who trades options whether Optionetics will better the following books:

1) Options Pricing and Volatility - Sheldon Natenberg
2) Options as a Strategic Investment - Lawrence McMillan
3) Options the Hidden Reality - Charles Cottle

TOS - the founders are all ex-pit traders with years of experience and drop little gems every now and then.

I've yet to meet a profitable graduate of Optionetics courses...too much gloss

Good luck with your progress