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Not Recommended
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I tried Wendy's P3, then T3, along with the Weekly Options programs. The latter required a lot of diligence and I don't have time to monitor the trading as closely recommended, so I returned that package, with no problem with a refund. I studied the P3
program and put it into action on paper for a month and made a fair amount of money. (3-5%) I didn't make anything near what Wendy boasted was an average return in her sales literature. So, I put some real money into the trading and continued to win trades,
modestly for another two months. Then, I had two trades that gapped down at market open and wiped out all my gains and then some. Stops weren't effective at heading off the damage. Then, most of the other options I still had open steadily declined. I ended
up losing about twenty percent. The P3 program works as long as the market is heading steadily up. I bailed and was refunded my money without hassle. So, I tried the T3 system, figuring if the market goes down, I have a strategy. I paper traded some stocks
and broke even. I didn't bother to put real money into the system. Wendy refunded my money for the T3 system, again without hassle. Conclusion? Not profitable. I use Chuck Hughes' WOW system to pick stocks his way, actually buy the stocks and sell weekly covered
calls. I know this doesn't make as much money, according to Wendy and exposes me to greater risk. But Hughes has a better method of picking stocks. When I lost money using Wendy's system, I also lost money with Hughes' system. But I have been using Hughes'
system for about a year with consistent but moderate gains (about 20%/year), with only a few percent losses during this recent downturn in the market. In Wendy's system, I invested less (buying only options), but I had bought a lot in a short period, so the
25% loss was actually more significant than losing some while buying the stocks over the long haul. Recommendation? Don't use Wendy Kirkland's P3 or T3 systems.
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