Looking for an honest review of Bullseye Trades from someone who’s used it?
You are in luck because today, I am going to delve into the options trading training service offered by Jeff Bishop.
Jeff talks a big game when he says that he has a time tested method that can double your money every week with just one trade. Is there any truth to that or is he trying to get you to subscribe to his service and offer no value once you are in?
In this review, I give you a brief overview of how it works, its pros and cons, and as I finalize, give my verdict on whether it is worth trying.
Before we start…
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Table of Contents
What is Bullseye Trades?
Bullseye Trades is an options trading service offered by Jeff Bishop.
Jeff’s premise is that the key to succeeding as a trader is to trade fewer times but more effectively. Therefore, rather than encourage you to do the stereotypical “sitting in front of your screen monitoring the market” routine, he sends you one trade at the beginning of every week.
The play that he sends you each week is usually arrived at after conducting extensive research and finding one that has the highest probability of earning a profit. Jeff says that his goal is to double your money every week.
In doing that, he addresses the concern that most people have when they try to find the best investments in a vast sea of stocks, bonds, options, and other instruments (only that he focuses on options).
While on the subject, I have reviewed a few services that help investors out. A few examples may want to check out include Jeff Clark Delta Report, The Opportunistic Trader, and Fast Fortune Club.
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Who is Jeff Bishop?
Jeff Bishop is a trader and investment analyst. He along with Jason Bond and Allan Marshal are the founding members of Ragingbull.com, a platform that hosts a variety of advisory services. One of their services that I have reviewed is Fast 5 Trades.
He has been a trader for the past 20 years and during that time, he has specialized in stocks, ETFs, and options. However, he attributes a large portion of his success to the latter, which is what drove him to start Bullseye Trades in the first place.
He also runs another options-based service called Weekly Money Multiplier.
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How does Bullseye Trades work?
If you join Bullseye Trades, he will send you one trade every week. He does that every Monday morning.
To pick his play, he monitors the stock price of the underlying stock. His ideal picks are stocks whose 13-period Simple Moving Average (SMA) moves above the 30-period SMA. When a stock meets that requirement, he finds the best call option to trade.
With each recommendation, he sends you a brief explanation as to why he picked the trade. He also sets a limit order to prevent you from losing too much money if the trade starts to plummet.
For example, if a play is trading at $10, he may set a loss limit whereby he will close the position if it goes below $7. That safeguards his investment from a loss larger than $3.
But as he tries to prevent a damaging loss, he makes this allowance reasonable to avoid exiting the trade too early because some trades fall slightly before they bottom out and go on a rally.
Training
In addition to the recommendations, he also offers free training. He teaches you his best-kept secrets on how to pick a winning trade every week.
Subscription fee
The annual subscription fee is $48.
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Merits of Bullseye Trades
- Jeff does the heavy lifting for you when he researches the best options trades to invest in every week.
- Tied in with that first benefit is that you don’t have to be glued to your screens following the market like a day trader. He does the monitoring for you.
- His instructions are easy to follow. This is particularly important considering most people find options to be complex.
- To prevent massive losses in case his recommendations perform worse than expected, he sets limits on the amounts he is willing to lose with each trade.
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Demerits of Bullseye Trades
- Not all trades that Jeff recommends are profitable. Sometimes he loses money.
Is Bullseye Trades legit?
I think Bullseye Trades is legit. First, Jeff Bishop is a successful options trader. He became a millionaire off of trading options, which means that he doesn’t have the incentive to run a scam.
Second, he teaches you how he picks his trades to equip you to trade on your own. That’s not something an unscrupulous person would do. A scam artist would want you to have to come back to them rather than branch out on your own.
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My Final Word on Bullseye Trades
If you ignore the promises and examine it objectively, Bullseye Trades is a service that picks option trades for you every week. It is run by Jeff Bishop, who is an expert at options trading. He finds the option plays that he thinks are likely to yield returns, examines them, and shares his recommendations.
Although he sets out to double your investment with each trade, it doesn’t always work out. Sometimes, things go wrong and the play starts losing money. To cater to such instances, he sets a limit order. That’s a good sign because it means that he accounts for such an eventuality.
Overall, Bullseye Trades is a decent service that provides value. It is worth trying if you would like to try your hand at options trading.
Don’t leave yet…
Looking for a legitimate way to earn money online? Check out our recommendation below.
In the last 3 months this one program made us over $124,000:
Go here to see our no.1 recommendation for making money online
(This is free)
FAQ
What Is Bullseye Trades?
Bullseye Trades is an options trading service offered by Jeff Bishop.
How Does Bullseye Trading Work?
When you join Bullseye Trades you will receive one trade every week on a Monday. You will receive an explanation of why he picked the particular trade.
Who Is Behind Bullseye Trades?
Jeff Bishop is a trader and investment analyst. He along with Jason Bond and Allan Marshal are the founding members of Ragingbull.
How Much Does Bullseye Trades Cost?
The annual subscription to Bullseye Trades costs $48 therefore it is not an expensive program.