|Q: Who is MyWealthyOptions?A: We have experience of investing and analyzing the market, and thus we have gained sound knowledge of the market. In order to expand our horizon, we used to read stock market websites and newsletters. We started this site in order to facilitate the people to earn consistent profits from options trading.
Q: Where can I see your trading performance?
A: You can view our entire track record on the Track Record Page. Only the members can access open positions.
Q: Why the track record shows only 2012 historical data?
A: We launched our services on 12/15/2011.
Q: For a specific member do you offer personal advice?
A: We do not offer investment advice and we are not an investment adviser. This newsletter/website is limited to the dissemination of general information pertaining to MyWealthyOptions. The information contained herein should not be construed as personalized investment advice and should not be considered as a solicitation to buy or sell any security or engage in a particular investment strategy. Past performance is no guarantee of future results, and there is no guarantee that the views and opinions expressed in this website/newsletter will come to pass. Investing in the stock market involves gains and losses and may not be suitable for all investors.
|Q: How do you pick specific stock options for trading signals?A: We strongly focus on the stock options having higher probability of profit returns by analyzing its fundamental strength, market situation and other technical aspect of the stock. Straight calls/puts, vertical spreads, pair trades, credit spreads, iron condor are other options trading strategies are deployed depending upon the market conditions and favorable risk/reward probability for the members of our newsletters.
Q: Do you provide newsletters?
A: Yes, We do provide newsletters to our registered users.
Q: I am a visitor, but want to see your full track record before signing the subscription?
A: Open positions is available only to the paid subscribers. But we provide the 7-day money-back guarantee for the new user. Hence, you can make registration to access the track record and after that if you wish, then you can close the account within the 7-day for for no charge. We will issue the full refund for cancellation within 7 days (only for new users). Open positions are sent my emails.
Q: Do you guarantee that a certain percentage of trading signals will be the winner?
A: Trading signals are time sensitive in nature and not always accurate.
|Q: How frequently do you send the Trade signals?A: There is no such specific number; it entirely depends on the market situation. We attempt to recommend trades which we believe can offer a greater probability of success. On an average, we send out about 4 -20 alerts per month per service.
Q: What kind of account I require in order to follow your signals?
A: We cannot provide you information regarding what type of account you will need; please contact your preferred registered broker-dealer for more information.
Q: How do you share the trading signals to the subscribers?
A: We send all our trading signals to the registered email id of the members. As these are real time alerts, we suggest you to setup notifications in your Smartphone, if you are using one.
Q: What if I am not being filled at the prices, you submitted your trade at?
A: Market rules, decisions or system failures may prevent/delay execution of Customer’s orders or cause orders not to receive the best price. We are not a broker-dealer or investment adviser, please consult with your broker-dealer regarding order handling policies and procedures.
Q: Do you offer auto trading of service alerts?
A: Global Auto Trading will execute signals based on MyWealthyOptions newsletters, if wish to autotrade.
Q: Do you follow-up your trading signals during the market and also the closing signals?
A: Yes. We do follow up our trading signals in order to track all open positions and send the closing/rollover signals as the trade develops.
Q: What is the percentage allocation for each trade?
A: It depends on the subscription type. 12.5% should be allocated for each signal, considering maximum 8 concurrent open positions. Please see Newsletters for additional information.
Q: Do you trade for yourself on your own alerts?
A: A list of all recommendations made by MyWealthyOptions within the immediately preceding one year is available upon request at no charge. We may not transact on the trading recommendations listed on the website. We may make transaction in different securities based upon our individual needs and investment strategies.
Q: I have my retirement account, Can I trade options through it?
A: Options can be traded in IRA accounts; however, because of restrictions and tax implications, please consult with your preferred broker-dealer and tax professional regarding your individual situation.
Q: How do you notify members of trades?
A: We email all the trade alerts and updates. We also post them in the member area.
|Q: Why do you suggest a portfolio based service?A: The percentage allocation enables us to build hedged portfolio, and it also makes it easy for us to build the report, which shows the percentage return gained by the member on an allocated amount from the trading signals provided by us. We also enable you to have an opportunity to see gains per trade. MyWealthyOptions takes every effort to balance the portfolio to absorb any market shock.
Q: I am not confident about services you offer so in that situation do you offer any free trial of your service?
A: Yes, we do offer 7-day free trial. We provide the 7-day money-back guarantee for the new user. Hence, you can make registration and after that if you wish, then you can close the account within the 7-day for for no charge. We will issue the full refund for cancellation within 7 days (only for new users).
Q: How much your services cost?
A: Please check the Newsletters to get the detail information about services we offer.
Q: I am interested to subscribe for your newsletters, but I would like to know about the number of subscriber you have currently?
A: We market our services based on the performance we achieve not on the number of subscriber we have. Hence, We do not publish how many subscribers we have; it is unnecessary.
Q: I am not satisfied with the service. Do you offer return of paid fees?
A: All the purchase you made is final. If you are not satisfied, then you can cancel the service anytime in your PayPal account, and you will not be charged for next month onwards.
Q: What are the different types of service you offer?
A: Currently, we offer 2 different types of newsletters. Both newsletters provide differing strategies and risks to help identify what is appropriate your individual situation.
Q: How do you mitigate risks in the portfolio?
A: Our services include strategies that can help mitigate risk when employing options trading. Options are high risk and may involve loss beyond your original investment.
|Q: I am new in stock market, but I want to start an investment in the stock market. So from where can I learn some basics of the stock market?A: If you are new to investing or have limited experience investing in financial markets, options may not be appropriate for your situation.
Q: What are stock options?
A: Please see Education page
Q: What if I have never traded options before?
A: Then you have approached to the right place! Our website is designed to help educate you about the opportunities and risks of options trading. Also read the Options Disclosure Document at http://www.cboe.com/LearnCenter/Default.aspx, at CBOE.
Q: How much money would I need to start?
A: Initial account balances vary from broker to broker; further you may lose more than your initial investment, please consult your preferred broker-dealer regarding account requirements.
Q: I want to subscribe to the services, but I do not know meaning of some terms used in the stock market
A: Please see Education page. Here, you will get the information about frequently used terms in this website. Reading a good book or researching on the Internet maybe a good idea. You can also access information at the Options Industry Council: http://www.optionseducation.org/en.html
|Q: I want to subscribe for services, how can I make payment for subscription?A: All of our transactions are processed through Paypal. Hence, if you already have a Paypal account, then you can make payment through it. If you do not have Paypal account then it’s easy to create new Paypal account and then you can simply add a bank account and/or credit card to your Paypal account. User agreement for Paypal service is available at https://www.paypal.com/cgi-bin/webscr?cmd=p/gen/terms-outside
Q: I do not have Paypal account so in that case how can I make payment for subscription?
A: Please refer above question.
Q: Do you offer any money-back guarantee?
A: No, we do not offer any money-back guarantee, but if you are not satisfied with our newsletters then you can cancel the service any time, then from next month onward you will not be charged for that service.
On April - 4 - 2012