Bullseye Trades Review: Is it Worth the Risk?
- Bullseye Trades is a subscription service offering high-potential trades in stocks, options, and futures to subscribers.
- The subscribers are trading veterans with successful track records of their own.
- Bullseye trades focuses heavily on short-term trades, with the majority of trades lasting between two and four weeks.
Bullseye Trades is a subscription service offering high-potential trades in stocks, options, and futures to subscribers. The subscribers are trading veterans with successful track records of their own. Bullseye trades focuses heavily on short-term trades, with the majority of trades lasting between two and four weeks.
Bullseye trades has three different subscription options:
Pros Explained
• Hardcore technical traders will relish the abundance of charts, indicators, and data.
• The trade ideas within the trade ideas are quite good. They do a good job of filtering out the trades with a lot of risk, but a good reward.
• The videos are good quality, albeit a bit long.
• The price point is reasonable for what is offered.
Cons Explained
• While the videos are good quality, they often have technical errors.
• The trade ideas are okay, but not great.
• The education is decent, but there's a ton of other free education out there.
Conclusion
Bullseye Trades Review: Bullseye Trades is mostly a trading platform. However, as with any trading platform, you'll need to use it regularly to get better. The trade ideas within the trade ideas are decent, and the videos are great. However, the education is lacking.
Cons Explained
Bullseye Trades runs seminars that claim to teach investors how to "profit from" market volatility. It promises to turn a $10,000 account into $100,000 by trading volatility.
We discovered that Bullseye Trades charges $2,000 for a three-day seminar. Although $2,000 is a bargain compared to the $30,000 charged by other volatility trading companies, it's still a steep price to pay.
The brokerage startup charges a commission of $25 per trade. That seems reasonable, until you consider the 3.75% spread that Bullseye Trades adds to every trade.
Available Courses
Bullseye Trades instructor Johnny Bowden offers an online trading course, Bullseye Trades: Complete Course, which aims to teach retail traders how to identify trading opportunities and trade with confidence. The course covers everything from how to identify trading opportunities, how to analyze the market, how to enter and exit trades, and how to find the best trading software.
Bowden's Bullseye Trades: Complete Course includes more than 13 hours of video, 16 chapters, and 82 lessons. The course is self-paced, so students can study the material at their own pace. Bowden also offers students unlimited email access to him. The course costs $197.00.
Price
$39.95 per quarter, $99.90 annually
Pros
Good analysis
In-depth charts
Good trade setup ideas
Cons
Only 26 trades in 2018
Limited trading opportunities
Bullseye Trades is a subscription service that sends trade alerts via e-mail. The newsletter's author, Mark Sebastian, touts 26 trades in 2018 with winners ranging from 54% to 19%.
Reputation
Bullseye Trades is a brand owned by a company named Ferdinand Media, LLC. The company's website, bullseyetrades.com, has been live since 2015.
The BBB has given Bullseye Trades a "C" rating. The BBB's website says that the company has had 25 unresolved complaints filed against it in the past three years. Of those 25 unresolved complaints, 10 were filed in the last 12 months. The BBB's website says the company "failed to respond to 11 complaints filed against it within the last 12 months."
At the time of this writing, Bullseye Trades' Facebook page has 25 followers and has only posted four status updates since July 19, 2018. A link to the Facebook page is provided at the bottom of the Bullseye Trades' website. However, the last update was May 31, 2018.
Additionally, at the time of this writing, Bullseye Trades has a 2.8 star average rating among the seven people who reviewed the service on TrustPilot.
Media Presence
Bullseye Trades is not well-known among financial publications. The company's website shows the company's founder and CEO, Chris Terry, being interviewed by a personal finance website called WalletHub. WalletHub is a personal finance website similar to Kiplinger's or Money magazine.
Chris Terry is interviewed at 8:14 in the video.
Customer Service
Customer support is decent, provided you send an email. The email is answered within a few hours, and you are given a direct number to call if needed.
The Bottom Line
Bullseye Trades is a service that charges $49.95 per month. The monthly subscription ensures that you have continued access to the daily trades.
Competition: Other Options
Bullseye Trades is an expensive product, and it's mostly just day trading. Day traders have dozens of better options, including TradeStation, NinjaTrader, and Thinkorswim.
Bullseye Trades is $1,500 per year, and it includes access to trading tools and a trading room. The Bullseye Trades Day Trader Pro course sells for $2,500, and it includes access to the Bullseye Trading System and Bullseye Day Trader Pro courses, as well as 24/7 access to the Bullseye Trading Room. If you just want to try out the trading room, it costs $500.
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Overall Rating:
Bullseye Trades is a somewhat expensive course. The cost of the course ranges from $499 to $997. This cost is quite high, considering that you could get the same information from other courses for as little as $29.99. But, the fact that this course is taught by professional traders who are successful in their own right may make it worth the expense.
There is also a 60-day money back guarantee, should this course not live up to the promises made.