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Are you trying to find out if Trader Travis is the right person to learn option trading from?
Is he legit or a scam?
Has he really made money consistently trading options?
In a world where everyone claims to be a trading expert, you have to do your due diligence before investing your hard-earned money in an option trading program.
Is Trader Travis Legit?
Travis Wilkerson, also called Trader Travis , is the co-founder of the MarketClub Options program and the 2019 United States Investing Champion (Enhanced Growth Division).
His trading success is what you would call a rags-to-riches story.
Through option trading, Travis was able to reach financial freedom after years of poverty.
Now, my question is, is Travis really legit?
Is he really consistently growing his trading account year after year?
So, I’ve been doing some research on Trader Travis and his MarketClub Options Program.
Here’s what I’ve found out.
He is very BIG on risk management (i.e. he only take calculated risks).
When it comes to his stock option trading, he focuses on risks first and profit second.
That’s why before he places a trade, he wants to know the maximum loss for that option trade.
If it’s more than 2% of his account, he would have no problem moving on to next trade idea even if everything else looks great (e.g. MarketClub trade triangle gives buy signal).
Most traders lose money simply because they don’t manage their risks.
Below is the risk to ruin table that shows you that it gets increasingly harder to recover your loss as you loses more money.
If you lose 50% of your capital, you will need to make a 100% gain just to recover your loss.
And if you lose 90% of your capital, you will need to make a 900% gain just to recover your loss.
So, a successful trader is ALWAYS good with his risk management.
| % Loss of Capital | % of Gain Required to Recover Loss |
| 10% | 11.11% |
| 20% | 25% |
| 30% | 42.85% |
| 40% | 66.66% |
| 50% | 100% |
| 60% | 150% |
| 70% | 233% |
| 80% | 400% |
| 90% | 900% |
| 100% | Broke! |
Also, he is quite disciplined when it comes to choosing his option trades.
For example, he NEVER trades options on penny stocks which are very volatile.
If you want to trade penny stocks, you might want to check out my review on Timothy Sykes.
When he is trying to select exactly which option to buy or sell, he ALWAYS checks the open interest (i.e. volume) first.
Why?
If the volume is low, you will have trouble exiting your positions and also you might pay more to exit due to the larger bid-and-ask spread.
Lastly, he is very transparent about option trading.
If someone tells you that you can make a guaranteed weekly or monthly profit from option trading, please stay away.
No one can guarantee you will definitely make money from trading because no one can predict the market.
Trading is ALL about probability.
You make an option trade with a high probability of winning, but there is a chance that you could still lose in the end because anything can happen in the market.
So, there is always risk with option trading.
And, NOT every option trade will be a winner.
But, as long as your overall gain is more than your overall loss, you are growing your trading account.
From the trades that Travis has shared publicly, you can see that he too has losing trades.
Although there are losing trades, he is still profitable because he has a profitable trading system and he always sticks to his strict risk management rules.
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Trader Travis’ MarketClub Option Strategy
Now, let’s take a look at the Travis’ MarketClub Option Strategies.
He teaches you quite a number of option trading strategies to profit from different types of markets:
- Bull market (i.e. upwards trend)
- Bear market (i.e. downward trend)
- Sideways market
So, no matter whether the market is moving up or down or sideways, you always have the right option trading strategy to trade the market.
You see, everyone knows that you buy call options (or sell call options) to make money in a bullish market and you buy put options (or sell put options) to make money in a bearish market.
But, why isn’t everyone a profitable option traders?
That’s because it’s not simple as that.
To succeed, you need a profitable option trading strategy with a step-by-step plan:
- How to pick the right stocks to buy or sell options on
- Exactly which option do you trade at what price
- What is your exit strategy
- How to manage your risks
So, the first thing is that you need to find which stocks that are about to trend up or down.
The good news is that MarketClub can help you with that.
MarketClub’s Smart Scan allows you to choose from 24 different scans which are all specifically designed to find stocks with the strongest trend.
Another very useful tool is MarketClub’s Chart Analysis Score.
It is a proprietary tool that measures trend strength and direction, taking into account intra-day price action, new daily, weekly, and monthly highs and lows, and moving averages.
Moreover, this Chart Analysis Score will dynamically update depending upon intra-day price action and as new highs or lows occur.
For example, here’s how you can view the positive score:
50 to 65: Trading Range (i.e. moving sideways)
70 to 80: Emerging Uptrend
85 to 100: Strong Uptrend
In particular, Chart Analysis Score +100 means that a strong uptrend is in place and this market will likely remain in a long-term positive direction.
The converse is true for the negative score.
-50 to -65: Trading Range (i.e. moving sideways)
-70 to -80: Emerging downtrend
-85 to -100: Strong downtrend
In particular, Chart Analysis Score -100 means that a strong downtrend is in place, and this market will likely remain in a long-term negative direction.
MarketClub has been Travis’ go-to trading software to find trade ideas.
Although he teaches different trading strategies such as debit spread, credit spread, covered call, cash-secured put strategies and naked call and put strategies, he specializes in trading single call or put options which is also one of the quickest ways to grow a small-sized trading account.
So, after Travis has identified what stocks to trade options on using MarketClub, then he will place the trade based on his pre-defined entry criteria.
Once he is in a trade, he already has a trading plan in place to help him manage his option trades.
Remember, anything can happen in the market.
So, you have to be prepared for all the possible scenarios.
Personally, I think entry is the easier part of trading.
It’s the trade management that is the challenging part.
If you are in a profit, do you take profit early or do you let your profits run?
What if you are in a loss?
When should you cut your losses short?
Or do you think it is better to roll over your option contract?
These are the questions that you should already have answers to EVEN BEFORE you place any trade.
Inside Travis’ MarketClub Option Program, you get to learn his step-by-step plan that shows you how to find, time, manage your trades, and stack the odds of success in your favor.
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MarketClub Option Program
So, what is MarketClub Option Program?
And what do you get from joining this program?
This program is co-created by Trader Travis and MarketClub, after Travis has achieved great success from trading options by using MarketClub’s signals and scans.
Inside the MarketClub Option Program, Travis shares EVERYTHING from his option trading strategy to his actual trades with you.
If you are new to option trading, this program is also suitable for you because it includes a Options Basics Bootcamp as well as a comprehensive eBook to help you get all the basics right.
What if you have some option trading experience but you have not been profitable?
You can also benefit from this program because you can learn directly from Travis on how he has been trading options profitably for years.
So, here’s exactly what you will get:
As you can see that, the MarketClub Option Program bundles Travis’ option trading system together with MarketClub software.
So, how much does it cost?
There are two types of plans:
- $499 (1-year MarketClub access)
- $299 (90-days MarketClub access) OR ($1,196/year)
If you decide to MarketClub Option Program, I recommend that you go with the annual plan because it gives you the most savings (i.e. you save $697).
On top of that, you are getting a very good deal on Travis’ option trading blueprint because MarketClub software by itself costs $449/year.
Get Travis’ Options Trading Strategy for FREE
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