Frequently asked questions
There is no doubt that there is risk in trading options, however just like anything else, if you take the time to learn to do it properly then you can manage that risk appropriately. This is exactly what we aim to teach subscribers and the true value of our service! All of the positions for which we send trade alerts to our subscribers are for “limited risk” trades. In other words, you won’t be able to lose more than the capital that you commit to the trade. For our entry level Premium subscriptions we recommend never risking more than $500 in any one trade. This way you can be certain that you will not lose your entire trading account while you are learning.
EWO Trade Alert subscriptions include specific notification, via SMS & Email, of trading opportunities … both Entries, Exits and any additional adjustments require to manage the trade along the way. Premium Level subscriptions also include access to all Premium Level Trading Education courses, while Our HighValue Subscriptions add access to both additional trading opportunities and additional Mastery Level Courses.
TradeFinder is a free subscription that provides you access to a live weekly webinar where Rob looks for case study trades. You’ll gain insight into how Rob is identifying these trades… including his strategies, analysis techniques and the tools he uses. You’ll see him using Elliott Wave analysis and his confirming indicators. Essentially you are getting a behind the scenes look at how he selects trades for Subscribers to receive. Each week Rob will select a potential trade that you may choose to follow. Each weekly TradeFinder session is also recorded so you have access to it on-demand should you not be available to attend the live session.
Yes, the nature of any market is that as you enter orders, you will impact the supply and demand… and consequently the prices in the market. However, in general we try to select trades in markets that have large volumes of trading and significant open interest. In this way, even if we have a significant number of subscribers attempting to enter the same trade, we will still represent a relatively small proportion of the market. Consequently, all subscribers should be able to have their orders filled relatively closely to the Recommended Price.
We do publish our track record in detail to give you confidence that we know what we are talking about and to show you what we are achieving, however we specifically don’t provide any statement of how much money you can make by following our trades. We are not providing specific or personal financial advice and we are not investing or trading your money on your behalf. We are providing an educational advisory service. You can choose to follow along with our trade alerts in your own account, however how you select and manage those trades is up to you.
Each one of our services provides a recommended amount of capital that you’d need in your trading account to follow our alerts.
We also provide a minimum level and, to be conservative, we size our trades based upon that minimum level.
However, ultimately how much money you trade with is up to you. We do suggest a recommended amount because, as part of the education we provide, we believe that you need to learn about having adequate capital to allow you to practice appropriate risk management and achieve acceptable returns, even when the costs of brokerage is taken into account.
Click here for more information about required capital and managing risk
Money management is very important to ensuring you preserve your trading capital even in the face of a few losing trades. We generally size our trades at about 5% of recommended trading capital for each particular service.
Rob Roy uses ProfitSource. He also has his own add-on EWO module for ProfitSource which is available exclusively to EWO subscribers and provides the customised scans that he uses to identify Trade Alerts.
Yes, subscribing to EWO is done on a monthly proposition. We know its common practice for other educators and trade alert providers to insist you pay for 1 or even 2 years in advance. We don’t believe this helps someone who is trying to learn to trade for a few reasons, a) Committing a large amount of money puts pressure on you You don’t know if a certain approach is going to work for you until you learn about it in some detail.
No, Trade Alerts are NOT issued every day.
In fact, you’ll find that there are probably at least as many days were trade alerts are not issued, as days where trade alerts are issued.
The average time for most of our trades is slightly longer than 1 month, or several weeks, therefore it takes a while for trades to develop and ultimately be exited. While we are in those trades, the capital in our account is tied up so we don’t issue additional trades until we’ve exited positions and capital becomes available.
This approach is very beneficial for subscribers because it means you should be able to follow all of the trade alerts and the level of trading activity is manageable.
Another point to note is that due to the fact that we are trading specific strategies, we only provide Trade Alerts when there are opportunities that match the criteria for our strategies. Depending on market conditions there can be periods where very few signals are generated. However, the other side of this is that there are some periods where there are a lot of signals generated. It is not uncommon for exits and entries to come in clusters.
Regardless of whether alerts are being issued or not we monitor the market every day. So be assured that even if we aren’t issuing alerts, we are watching the market every trading session to manage our open positions and identify new opportunities for subscribers.
Yes, you can cancel at any time by simply logging into your account and clicking the “Cancel” button. Your credit card will not be billed again. Note you will still have access to the service until the end of your current subscription, even though you have cancelled.
