Yes, if you are a subscriber to the Trading Diary you qualify to use the exclusive service called DirecTRADE offered by an independent broker. You get all the details when you signup to the Trading Diary, but essentially each time we identify a trade you will receive a Trade Notification with a URL that you can elect to click on. This will take you to the broker's web site with prefilled trade details of that trade for you to copy to your personal trading account in the amount you choose.
Once you become a member of the Trading Diary, you will be provided with a Username and Password to log into our site, where we detail each and every trade. You will have access to our trades at all times you remain an active member, and will also receive email and/or SMS notification of each trade should you choose.
If you have purchased our eBooks you still qualify to enter the Member's Forums where you can ask our traders and other Planet Wealth members questions in relation to the strategies we trade.
Not really some brokers just don't have the experience or the platform to execute this type of trading. We recommend a broker that we are familiar with and we provide all of that information in the Members area that you can access once you qualify by purchasing the eBooks.
There are two subscription options to choose from if you would like to subscribe to the Planet Wealth Trading Diary:
- Monthly subscription: $197 per month; or
- Discounted Yearly subscription: $1,970 (includes two months FREE - pay for 10 months and get 12 months access).
To qualify as a Trading Diary subscriber you must have first purchased the Planet Wealth eBooks. This is so we can be confident you understand the strategies first.
The subscriptions are automatically renewed after the period expires by charging your credit card. You do not need to manually renew your subscription, however you can cancel at any time. You will still have access for the period you have paid for, and you will not be charged on the renewal date.
All charges are in US dollars.
There is no minimum, however it is important that your trade size and number of trades are structured to a responsible risk management program.
We outline the exact structure of our portfolio, including number and size of trades relative to an account size, in each of the eBooks. However, this is only a guideline, and you must make the decision, depending on your risk profile, on how much to manage the risk on your own account.
For example, with Options Plus, we recommend a minimum trade risk of $1,000, and that each trade should only use up 10% of your total account size. For example, if you had a $10,000 account, you could set your own parameters to be a maximum of 10 trades with a maximum risk per trade of $1,000. If you had $25,000 you could choose 10 trades with a max risk of $2,500.
That doesn't mean you can't trade with smaller accounts though. Let's say you only had $5,000 to invest, you may decide to choose only 5 trades with a max risk of $1,000. That's fine, but you need to be aware your account is at higher risk because you are investing more of your capital (as a percentage) with each trade. Again, you need to decide what you are comfortable with and manage your trade sizes accordingly.
We do encourage and educate you on solid risk management, and we explain exactly how we manage our accounts for both Renting Stocks and Options Plus portfolios in the respective eBooks.
We believe that providing an education on stocks and options is very important before people start to invest their hard earned money. It is vital people understand what is required, the risks and the benefits involved.
Our existing members agree that just $47 for the eBooks, including access to the member's only general forums, is a small price to pay before you embark on any real trading either by yourself or copying the trades we identify and provided on the Trading Diary.
And remember it is a once off cost and means you are entitled to receive any updated versions of the eBooks as they are released.
The Planet Wealth eBook series consists of two eBooks describing what we do in our Renting Stocks and Options Plus strategies. These eBooks are updated from time to time and you are entitled to any updates without any further cost.
Also, if you purchase the eBook series you become a Planet Wealth member. This means you can login to our secure site and visit the Member's Forums. You can ask questions about the strategies 24/7 and our traders and other members can help you out.
It also means you qualify to subscribe to the Trading Diary.
So you get the Planet Wealth eBook series and access to the member only discussion forums for only $47.
Yes, we use SSL (Secure Socket Layer) technology to secure your details online. This technology is very secure and is used by thousands of websites and provides excellent protection when shopping on-line. Our SSL certificate is provided by DigiCert.
No, you can choose to invest in as many strategies as you deem appropriate for your risk profile. We always recommend diversification across a range of strategies and geographies, and that is why we choose the strategies we trade. Diversification is a tried and true technique for reducing risk by spreading your investment over a number of different assets.
The value of different assets can rise and fall at different times. By diversifying, you reduce the likelihood of any single investment or asset damaging the value of your entire portfolio. Remember that both the Renting Stocks and Options Plus portfolios have different 'purposes': Renting Stocks is for generating a regular income, and Options Plus is a more aggressive strategy for short term profits. As such, using both strategies is preferable over just one. As always, whether you choose to trade one or both is a choice only you can make - and that choice must suit your personal investment and risk profile.
No guarantee can ever be provided when investing, simply because by its nature investing in securities and derivatives carries various degrees of risk. We back up everything we say by the very fact we are traders ourselves, and we invest our own money in the same strategies. We only do that because we are confident of making significant profits over the long term.
