Friday, April 17, 2009

Attitrade.com

One of our favorite overall services is that of Attitrade.com They are a relative newcomer to online newsletter, educational, and investment tools space but they have made a big splash lately with some of their new tools and additions to their newsletter lineup.

Attitrade.com has three primary sections to their website. They have tools which includes charting, stocks and option scans, volatility charts, news, and several other things. They have their educational area where they have courses with manuals and videos for option trading, stock trading, technical analysis, and who knows what next as they continue to add new modules to the service. Finally they have the pro picks, which as you can probably tell are their newsletters.

In their tools section we have found their scans to be extremely useful. Their option scans are extensive enough that we were able to drop our subscription to Option Vue and their volatility charts are so good that we were able to cancel our subscription to IVolatility. This was a really big deal for us as we used both of these services all the time prior to joining Attitrade.com In addition they have a huge and growing collection of stock scans that look for a myriad of differentprice based setups. All in all their tools section is one of the best that we have seen for option and technical traders.

As we mentioned earlier they also have a great educational section. Right now they have three courses and are adding more strategies every few weeks. We have seen other programs that have less educational content, crappy tools, and cost thousands of dollars a year that have about half as much content. Attitrade.com seems like a bargain in comparison.

Finally Attitrade.com also has three newsletters that are very useful. Their longest running newsletter trades options and in 2008 generated a return of over 260%. Will this happen every year? Probably not, but their results are not as important as the way in which they achieve those results. Instead of buying calls and puts, Attitrade.com relies primarily on different spreads. This makes the gains more consistent and the losses very negligible. What would you rather do hit singles, doubles, triples, and the occasional homerun, or hit a homerun, strike out ten times, hit antoher home run, stike out ten times, etc? Most people can handle consistent gains far better then they can the huge losses associated with leveraged option gambles.

All in all we obviously like Attitrade.com and reccomend it to both the budding amateur and the skilled professional. You can get ideas, generate your own ideas, and learn how to trade with the different tools offered for just $199 a month or $499 a quarter.

Trade Hard,
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