Don Fishback's Real Money Machine -FAQ'S
We Make Options Easy!
Q. How does the service work?
A. Don Fishback's REAL MONEY MACHINE is a daily recommendation service. Each day you log into a secure web site. There you'll find two links: one with new recommendations, another with open positions (which also contains follow-up instructions for those open positions). We do not send recommendations out via email, as we've found email to be too unreliable. When you've got money on the line, you can't be worried about some filter blocking a recommendation! Also, Don has been adding himself as an additioinal filter for trades by researching each morning the overseas markets, to add additional ammunition for profitable trades. Therefore, the new trades are not available or posted to the site until 8:30 a.m. ET, the mornings the market is open. The Open Positions page is updated each evening after the market closes, by no later than 7 p.m. ET.
Q. What types of trades do you recommend?
A. The recommendations are put sales and call credit spreads. For anyone who might be apprehensive of put sales, realize this fact: the risk and reward profile of a put sale is identical to a covered call. Have you ever heard of a covered call? If a stock is at 25, and you sell the 20 put. It's the identical risk and reward as buying the stock and selling the 20 call in a covered call manner. The thing about put sales compared to covered calls is that you can use a higher degree of leverage.
Q. Do I have to interpret a set of trading rules, or will I get recommendations that are specific?
A. Each recommendation comes with precise entry instructions. Simply go to the web site, log in, and then click on the link for Today's New List of Trades. If there is a new trade in the list, click on the stock symbol to get detailed instructions, including entry price and the allocation we will be using in our model portfolio.
Q. Are there any qualifications required?
A. There are no qualifications required to subscribe. If you want to subscribe in order to learn, that's fine with us. But if you want to trade the recommendations, the trading level required for the service is Level 4. That's the level required to trade credit spreads as well, which nearly all of our customers qualify for.
Q. Is there a minimum account size?
A. We don't have a minimum account size recommendation. As stated above, there is no requirement for you to trade the recommendations. But if you do trade, you'll need to open an account. And as noted previously, there is no minimum account size. But the smaller the account, the fewer trades you're able to implement. For instance, let's say you begin with a $10,000 account. We make some recommendations and we have a few positions open. The total amount committed to open trades is $9,500. Then we recommend that you invest $1,000 in a new trade, but you already have $9,500 committed to open positions. You would not be able to implement that new trade. We have wrestled with the question as to whether or not we should make the new recommendation or not. But we decided it would not be fair to those with larger accounts if we simply stopped making new recommendations simply because some customers start with smaller account sizes.
Q. Is there a track record?
A. A. We have two track records: one is a combined trade-by-trade track record encompassing 11 years of real-time recommendations and backtesting. We have another track record that is live since August 4th of 2011. Due to market cirucmstances overseas (in both Europe and China), Don Fishback began personally approving all recommended trades prior to 8:30 a.m. ET before the markets open every trading day. He took it upon himself to add this new personal filter due to how much could change after the close of trading and the next mornings open, during the overseas occurrences. This new additional filter added great results, as we are 100% winners to date of 3-23-12. To see the Live Track Record click HERE.
Q. What type of guarantee does Don Fishback's Real Money Machine have?
A. It has a No Risk, Money Back Double-Guarantee:
Guarantee #1: You're protected 100% for a full 2 weeks. Should you be dissatisfied for any reason, just let us know and you'll receive a full refund of every penny you paid us. No questions asked, & no trading statements needed.
Guarantee #2: In any case, even if you cancel, the bonus seminar dvd titled "High Probability Secrets of the Stock Indexes" is yours to keep.
Q. Can my broker trade this for me automatically?
A. That's a touchy subject. One must balance convenience for the subscriber with the risk of illegal distribution. I am not saying all brokers are crooked. It's just that I've been in this business for nearly 25 years, and there is an extraordinary consistency among the brokerage community-they get access to private trading advice and then disseminate it freely to all their buddies. Back in the early 1990s, I wrote an advisory newsletter that ended up being copied and distributed on the floor of the OEX pit. That was bad enough. What's worse-we didn't have any market makers as subscribers! Unfortunately, not much has changed. As recently as five years ago, brokers I knew were illegally redistributing my trading advice to their clients.
Because of that history, I am very sensitive to anyone wanting to pass this information on to their broker. Therefore, we do not offer or allow any type of auto trading via any brokers. For any questions on this, please contact our sales office.
Q. What kind of activity can I expect?
A. One of the most important things you can do as a trader is to trade only when appropriate. There are some advisory services out there that promise a certain number of trades per month. Our mothers taught us that if we can't say something nice about someone, don't say anything at all. So we won't give you our opinion on the "give them a trade no matter what, because you've got a subscription obligation to fulfill" style of running an advisory service. We give you trades only when our system says we've got an edge. And sometimes, market conditions are such that we don't have an edge. In that instance, we think you'll agree that we're all better off not trading. Sometimes, that means we won't be able to find a "best of the best" trade for a few weeks.
Other times, however, market conditions are such that we find multiple trades each and every day. Sometimes, the number of trades can be overwhelming. That's when our portfolio risk management kicks in. If our system finds multiple trades in any one industry group, we only take the single best trade in that group. If volatility in the market gets too high, we cut back the number of trades we take per day, and the allocation. Finally, if we have a position in a stock's options, and we lose money in those options, we eliminate that stock from our trade list for a while. This has more to do with taxes than anything else.
Bottom line, we simply don't know how many trades we're going to have month-to-month. Rest assured, however, that we are looking every day. There have, however, been periods lasting a few weeks in which we've been unable to find any trades. But, remember, this is good as well, as it is keeping us from making trades when we should be on the sidelines.
