Are "Bullseye Trades" A Legit Trading Method?

Looking for more info on Bullseye Trades?

You are probably familiar with Jeff Bishop owing to his ads on YouTube and other platforms.

He is an options trading guru who offers an array of services through Ragingbull.com.

In this article, I will be focusing on one of his newsletters, Bullseye Trades.

In one of his ads promoting the service, he promises to reveal one top trade every week on Monday that has the chance to earn up to 100% in profits by the end of the week.

We will take a closer look at what the service entails, including bonuses and membership plans, to enable you to better decide whether it suits you.

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Table of Contents

What is Bullseye Trades?

Bullseye Trades is one of the newsletter services offered by Ragingbull.com. It is an options trading service.

Jeff Bishop argues that the key to success in the market is to trade fewer times while ensuring that the few trades you place are more likely to yield positive returns:

“The key to big profits is not to trade more, It is to trade less. Each week I hunt down one trade that I think has the chance to take me up to 100% in profits this week, and share this exact idea with you every Monday morning before the market opens.”

He spends the whole week researching new trades before providing you with his final picks on Monday before the markets open. He says that his picks typically earn double the money invested.

Who is Jeff Bishop?

Jeff Bishop is an investment analyst and professional trader. He is the founder and CEO of Ragingbull.com, a platform that offers newsletters, trading educational services, and premium investing services.

He has a degree in finance and another in economics. He is also a lifetime member of MENSA, an organization made up of people who score in the 98^th percentile of a standardized IQ test.

He has been actively trading ETFs, options, and stocks for the past 20 years and claims to have made millions in the process. Nevertheless, he is best known for his exploits as an options trader.

He has made a name for himself as a successful trader who knows his way around the market. Someone with a knack for spotting profitable investments.

He is also a skillful teacher; he has been passing down the knowledge and skills that have enabled him to make millions to other investors through his newsletters and education programs.

In addition to Bullseye Trades, he offers Jeff Bishop’s Portfolio Accelerator, Total Alpha, and High Octane Options.

How does Bullseye Trades work?

As he analyzes his trades, he monitors the underlying stock’s price. His perfect picks are companies whose 13-period Simple Moving Average (SMA) goes above the 30-period SMA.

When a stock meets this as well as a few other requirements, he finds the best call option associated with it.

On Monday, before the markets open, he sends you the trade of the week along with an explanation as to why he chose it. He also includes a limit order to help you protect your investment from losing too much money if the trade performs contrary to expectations.

Here is how the limit order works:

If a hypothetical trade is worth $10, you can set a loss limit of $4. If the price of the trade goes below $6, the trade closes thus protecting your investment from being eroded further.

Although limit orders serve a noble purpose, sometimes they are disadvantageous:

If in the example above the play plummets to $5, bottoms out, and rallies to $13, you will miss out because you pulled out too early. You miss out on the gains for using a stop-loss order.

How to join Bullseye Trades

If you provide your name and email on the landing page (the phone number is optional), you will be led to this page:

After watching the video or reading the transcript, the next step is the order page. There, you’ll find the order details.

Training

When you become a member of Bullseye Trades, not only does Jeff send you recommendations but he also offers free training. He teaches you his secrets to picking a winning play consistently.

He also sends you:

Traders Blackbook. It is his online options trading guide.
Profit Kickstarter Pack. He sends you 10 Kickstarter videos.

Membership fee

There are three subscription plans for Bullseye Trades depending on duration:

A one-week trial subscription costs $49
One year costs $399
Lifetime membership costs $599

If you choose the Lifetime membership plan, you gain access to:

Jeff’s Trend Setter Bet Alerts: These are the big bets capable of earning oversized returns.
PriorityCare Support: You get priority treatment when you call customer care.
The Heirloom Program: You can transfer your membership to someone else (friend or family) at no extra cost.

Bullseye Trades Conclusion

Bullseye Trades is an options trading service that is run by Jeff Bishop, an expert options trader with over 20 years’ experience.

He scours the market looking for stocks that match his criteria and finds corresponding option plays. He sends his recommendations to his readers on Mondays before the markets open to allow them to execute them.

The typical recommendation should double your investments. However, that doesn’t always happen and people lose money.

To prevent you from losing your entire investment, he sets a limit order. The limit order comes into play when you lose a predetermined proportion of your investment.

If you are looking to invest in options but haven’t got a clue where to start, this $49 service sounds like a good place to start. If you won’t follow the recommendations, at least you will learn a few things about options from the training program.

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