Chuck Hughes Fail Safe Financial Program
I began learning trading and using the reputable IBD paper to check stocks. Chuck Hughes had a full page ad for his 'MVP Secrets' trading program for options. It was inexpensive and supposedly a step by step on option stradegies. I purchased it and tried the program down to the letter of explanation. Within two months, I was down $32, 000, NOT because the options I traded were a poor choice by his program stradegy, BUT because his stradegy materials failed to explain a few VERY important details like: when you do a covered call, wait to short the trade until your long option or stock is up.this could take two weeks or more, and it isn't clear when to exit.
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