Today, we are going to talk about Velocity Trader. Is it legit? Find out more in this review.
For a lot of people, they see stock trading as a way of earning income. You put money into the stock of a certain company and you wait for that opportune moment to close, hoping to earn back some money from that trade. A lot of traders have spent years trying to perfect their strategies. It takes a whole lot of trial and error for these traders to come up with those strategies, often taking their time to listen to those that came before them for some insight. Some have also taken up degrees that would be helpful in the current career as a trader.
There are a number of traders and investors who decided to share their knowledge to the world in the form of newsletters and online courses. A lot of newsletters that focus on stock trading and investment strategies are often free to view in their respective websites. Often, those free newsletters serve as a jumping point towards these subscription-based premium newsletters. Because, let’s face it, not a lot of people are willing to share these types of information for free. Sure, some of them share their knowledge through videos on YouTube. Most of the time, though, those channels and those videos are monetized.
Despite all of that, I am always interest into checking all of these companies that offer some sort of product or service that is focused on stock trading. The market for these types of products are for those that can afford it. But that doesn’t really stop me from seeing if something like Velocity Trader from Jim Fink is worth the trouble. What exactly would get out of this particular service compared to its competition? And that is what we are going to find out in this review.
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Velocity Trader Review: Quick Details
- Name: Velocity Trader
- Creator: Jim Fink
- Website: https://www.investingdaily.com/velocity-trader/
- Socials: No available social media profiles for either Velocity Trader or its creator Jim Fink
- Type: Option alert service
- Niche: Stock trading
- Recommendation: Getting into stock trading takes a lot of money to make it worth. While there is a potential to earn back the money from your trades, it is not guaranteed that it will always be the case. Based on what I could find, not a lot of the options that gets recommended in this particular newsletter would give you the wins that you would expect it to.
Who Is Jim Fink?
Jim Fink is the options trader, investment analyst, and the creator of the weekly trading newsletter Velocity Trader from publisher Investing Daily.
There is not a lot of information that you could find about Jim Fink online. The only thing that you could find that gives a good enough overview about his life and career is the official author’s biography for him on the Investing Daily website. And for the most part, Jim has had an interesting career prior to him becoming an investment analyst.
Based on the official biography for him, Jim was a bit of an overachiever. After graduating with a bachelor’s degree from Yale University, he went on to get a master’s degree from the Kennedy School of Government at Harvard University. But it doesn’t stop there. After getting a master’s degree, Jim went on to get a law degree from Columbia University. Aside from that, he also went on to get an MBA from the Darden School of Business at the University of Virginia. It is insane to think that Jim spent a good chunk of his early twenties studying.
Jim put his law degree to good use. He passed the bar in Illinois and D.C. where he went on to practice telecommunications regulatory law for almost a decade. At the same time, he was also trading stock options. I have noticed that people who work in law or in medicine, especially those that have multiple degrees, would often feel like their current career wasn’t something that they would want to continue. This was kind of what Jim Fink was feeling when he was still a practicing lawyer. He was earning a lot more money trading stock options than he was as a lawyer.
So when he was studying in business school, he decided to fully pursue a career in investing. He did a lot of jobs after that, mostly in wealth management and insurance. Then, at one point, he became an analyst for a publication that releases investment strategy newsletters. Aside from Velocity Trader, which we are going to talk about in the next section of this review, he also created Options for Income and The Inner Circle.
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What Is Velocity Trader?
Velocity Trader is a premium option trading newsletter created by Jim Fink. This newsletter is published by Investing Daily.
Apparently, Velocity Trader was built around Jim’s proprietary system called the Velocity Profit Multiplier. There is not a lot information with regards to what exactly his proprietary system entails. You just have to take his word for it. He somehow manages to find the trade that would give you an insane amount of profit from your trades. This is a system that he has been using for more than two decades. With this system he was able to turn $50,000 of his life savings into more than $5 million. That’s a profit of $250,000 a year. Or so he says.
What you get from an annual subscription to the Velocity Trader newsletter is one newsletter every week that includes two trade signals in it. Like any other trading-related newsletter, there are also insights included about what is happening with the market at large or with a specific stock that Jim has been eyeing on.
Aside from that, you also get access to special message board that’s exclusive to the subscribers of the newsletter. You also get access to a 8-part video series. Not a lot of other similar newsletters offer bonus content outside of special reports. So seeing a video component included in the subscription is a nice surprise.
The cost for an annual subscription to the Velocity Trader newsletter is a one-time payment worth $995. Apparently, slots for the newsletter is only limited to 25 people. I have never seen a premium newsletter have limited capacity. Though, I guess it has to do with the message board that they included with the subscription. From what I read, the subscription is non-refundable. If you didn’t enjoy the first few newsletters that they would send out to you, you can not cancel it and expect to get your money back.
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Final Verdict – Velocity Trader Review
Unfortunately, I do not highly recommend anyone to try out the Velocity Trader newsletter. There is nothing about this particular newsletter that is worth the $995 that you might spend for the subscription. Even though you will get a lot more issues from an annual subscription to this newsletter compared to its competitors, it is not worth it at all. 52 issues compared to the 12 that some of these other premium newsletter release isn’t really more valuable. You’re just going to waste a lot of space in your inbox.
It does seem that the Velocity Profit Multiplier system doesn’t really work as much as you had hope that it would. A lot of the options that would get recommended to you every week would often lead to a bust. Some of those that do would only give you back the money that you already spent on it. And it would probably take you a while before you actually make a profit from it.
Getting into options trading isn’t going to be a walk in the park. Relying solely on the recommendations of somebody who has a lot more to gain from you isn’t exactly a good idea. Trading stock options will always have some level of risk in it. You have to be ready to part with a decent amount of money if you are somebody who actually sees options trading as a long-term career.
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That’s it for my review of Velocity Trader. I hope you enjoyed reading it.
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