I have been trading with Raphael since September and its been good so far. I am going to attempt to lay out what I like and don't like about this service.
First of all I like the simplicity of it. He trades stocks and Options and thats it. No fancy stuff. No complex "strategies'. Simple stocks and options. Before I joined this service I was made to believe that unless I was trading spreads I was doing it all wrong. Well my 6 months trading with Raphael has smashed that myth. We are swing trading options anywhere from a few days to two weeks and doing very well just by paying attention to Implied Vol, playing with the general trend and managing the trade. He does the same with the stock trades. He keeps it simple, cuts the losses quickly (always has a stop in place) and makes the winners run. It is the kind of steady, simple strategy that produces good returns and lets me sleep easy.
He sends out a list of trades every Sunday. These are the trades that we try to get into during the trading week. I kind of like the idea of having a plan and knowing what to expect and look forward to. The information in the list alone is worth the subscription fee. I can't even quantify how much I have learnt just going through the trades on the list, looking at the charts and reading the reason behind the trade. If you are looking to develop your understanding and analysis skills then this is a great deal.
He also sends out Trade Alerts and does auto-trading but I can't speak to this since I I take the trades myself. All the trades on the list come with Trigger prices and profit targets and stop loss. So what I do is to just set up alerts on my charts in Tradestation with the trigger prices that he provides and enter my own trades when they trigger.
I can email him at just about anytime and i know I will get a response. And the answers are usually very insightful and informative. I am not a noob at trading but it is still nice to have someone take the time to explain a concept or situation. So thats another plus.
One downside I have is that there is no chat room where you can talk to other traders. I see where he sent out an email recently saying that he would be setting up one soon so I am looking forward to that.
Solid service if you are looking for a simple, stable service that works. I am looking forward to a long trading relationship with ivtrades.
This review is the subjective opinion of an ourinterestingworld member and not of ourinterestingworld LLC
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