Frequently Asked Questions

Q:How does the 7-Minute Trader newsletter work?
Q:How much money do I need to trade?
Q:How many trades does 7-Minute Trader have on at any given time?
Q:How do I know which options to trade?
Q:I am interested in the 7-Minute Trader, but I have a question about your track record. Are all of the trades listed real trades and are the numbers annualized?
Q:Do I have to watch intraday market movement? In other words, do I have to keep track of what is going on in the market all day long?
Q:What day of the week do you typically ENTER the new weekly trade?
Q:What day of the week do you typically EXIT the new weekly trade?
Q:What time of the day do you typically send the newsletter e-mails?
Q:The SPX options are just index options, not stock. Could they ever be exercised?
Q: I am new to options spreads. Can you please explain which trades are bullish, bearish and neutral?
Q:How much can I lose?
Q:How much can I make?
Q:What level of option trading approval do I need?
Q:What brokerage should I use?
Q:If I miss the newsletter the day it is sent out, can I enter the trade the following day?
Q:Can I get help placing the trade?
Q:Do you offer this as an auto-trade?
Q:Do you offer text alerts when you send out e-mails?
Q:What if I am not being filled at the prices you submitted your trade at?
Q:Can I get help understanding more of what the 7-Minute Trader is doing?
Q:How much should I invest in this?
Q:What if I refer somebody to you?
Q:Is it always just one trade a week?
Q:Is 7-Minute Trader an investment advisor?
Q:How easy it is to get help from you, and support?

Q: How does the 7-Minute Trader newsletter work?

The 7-Minute Trader is a newsletter that highlights trades utilizing S&P 500 ($SPX) Index options. The newsletter is published on most U.S. trading days and is disseminated via e-mail and online archive. Please ensure that newsletters from newsletter@7minutetrader.com and support@7minutetrader.com are not going to your spam or junk folders. If you miss an e-mail, you may always log into 7MinuteTrader.com and click on the "Newsletters" section to see the most recent and archived newsletters. You should also add newsletter@7minutetrader.com and support@7minutetrader.com to your contacts list.

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Q: How much money do I need to trade?

While the minimum needed to do this trade is $500, we recommend at least $2,000. We also recommend that you retain 40% of your account in cash in order to add capital to an existing trade in case we roll over a trade from one week to the next have enough equity in case we roll over a trade from one week to the next.

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Q: How many trades does 7-Minute Trader have on at any given time?

The 7-Minute Trader has only ONE TRADE on at a time. We attempt to place a new trade every week and close out the trade that same week. On occasion, we may make an adjustment to the trade or roll it from one week to the next.

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Q: How do I know which options to trade?

We always put the exact details of every trade we place, which includes strike prices and expiration date of the options that we are trading. We trade the Weeklys options except for the options that expire on the third Friday of each month. In that case, we use the normal monthly options.

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Q: I am interested in the 7-Minute Trader, but I have a question about your track record. Are all of the trades listed real trades and are the numbers annualized?

All of the trades listed are real trades that were placed in the market with real money. The performance listed is not annualized. We agree with the Securities and Exchange Commission (the "SEC") that annualizing the performance of a one-week trade could be misleading. While we are very proud of our track record, past performance does not guarantee future performance results.

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Q: Do I have to watch intraday market movement? In other words, do I have to keep track of what is going on in the market all day long?

No, you do not. We monitor the market all day, every day for you, and send out e-mail updates as needed.

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Q: What day of the week do you typically ENTER the new weekly trade?

The most common day for us to enter trades is on Wednesday. Tuesdays are the second most common day.

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Q: What day of the week do you typically EXIT the new weekly trade?

There is usually no exit required. If the trade works, then the options expire worthless for a maximum gain to our accounts (since we received an initial credit for placing the trade). If we have a need to exit the trade early, then it will normally happen on a Friday. If we have a loss and do not take any action to close the trade before expiration, then the loss is simply taken from your account (since $SPX index options are cash-settled options). That is, you will not have to purchase shares of the SPX.

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Q: What time of the day do you typically send the newsletter e-mails?

That varies, but we try to get the trade idea out as early as possible in the trading day, typically between 11 a.m. to 12 p.m. Eastern Time.

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Q: The SPX options are just index options, not stock. Could they ever be exercised?

SPX options are European style and cannot be exercised early. They are cash-settled, so you will never be forced to purchase shares of the SPX.

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Q: I am new to options spreads. Can you please explain which trades are bullish, bearish and neutral?

Bullish = Bull Put spreads. Bearish = Bear Call spreads. Market Neutral = Iron Condors, which combines both Bull Put spreads and Bear Call spreads into one trade.

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Q: How much can I lose?

You can lose $500 per spread or iron condor traded, less whatever we received as a credit when we entered the trade. We do everything we can to prevent large losses and, statistically, they should not occur very often. However, they can and do happen on occasion, which is why every trader should use proper money and portfolio management and never "load the boat."

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Q: How much can I make?

Typically, our goal is to make between 3-10% each week (real return, not annualized). Statistically, we know that we will have losses, which will offset the gains that we make. While past performance is not predictive of future performance, we are proud of our returns so far.

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Q: What level of option trading approval do I need?

Typically, you need Level 3 options trading approval, but it varies by brokerage. Check with your brokerage before placing any live trades. If you get approval to trade Iron Condors on index options, then you should automatically be approved to place the three strategies that we will trade.

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Q: What brokerage should I use?

Most brokerages will allow you to do these trades. We are not allowed to recommend a brokerage. Just confirm with the brokerage that you choose that you are able to and approved to trade 1) Bull Put spreads, 2) Bear Call spreads and Iron Condors.

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Q: If I miss the newsletter the day it is sent out, can I enter the trade the following day?

No, these are day orders only. These trade ideas last only 2-3 days until expiration Friday arrives and then the trade is finished. They are time-sensitive trades that require entry on the day the trade is sent out or not at all!

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Q: Can I get help placing the trade?

Please contact your financial advisor or broker to get assistance in placing a trade. Neither 7-Minute Trader nor its parent company, Global Investor Services, Inc., are Registered Investment Advisors or Broker-Dealers. You have unlimited support through the 7-Minute Trader, but to actually have help placing the trade, you should probably call your brokerage to make sure you get the trade placed as quickly as possible.

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Q: Do you offer this as an auto-trade?

We do not offer auto-trading at this time, but are researching the possibility.

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Q: Do you offer text alerts when you send out e-mails?

We are currently working on this convenient feature.

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Q: What if I am not being filled at the prices you submitted your trade at?

You have the freedom to adjust your price lower to get filled if you think it is still a good trade. Make sure you pay attention to the risk/reward dynamic. It rarely makes sense to collect as small as a 0.10 credit or less. Don’t chase the price lower if you are not getting filled at or very near our desired entry price!

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Q: Can I get help understanding more of what the 7-Minute Trader is doing?

Of course, you can. We highly suggest watching the four (4) tutorial videos that we have created for your benefit. Once you are logged into the 7-Minute Trader website, simply go to the "Training" section – the videos are located there for viewing at any time. If you still have questions after that, e-mail us at support@7minutetrader.com.

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Q: How much should I invest in this?

There are several factors to take into account when deciding how much of your money to invest in this strategy, such as risk tolerance, account size, other investments, etc. We encourage you to obtain personal advice from your professional investment advisor.

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Q: What if I refer somebody to you?

We offer you a free month of service (a $49.95 value) for every person you refer to us who becomes a paying member. Just have them mention your name when they are signing up. You will receive credit for one free month of service after each person you referred has paid for his or her first month of service in full (without cancellation).

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Q: Is it always just one trade a week?

Yes, it is, but may enter the trade over the course of two days, depending on market conditions and opportunity. We may also make adjustments once the trade is live.

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Q: Is 7-Minute Trader an investment advisor?

Neither the 7-Minute Trader nor its parent company, Global Investor Services, Inc. (referred to collectively as "7-Minute Trader" or "we" or "us" or "our") are registered as an investment adviser. The 7-Minute Trader relies upon the "publishers' exclusion" from the definition of investment adviser under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws. As such, the 7-Minute Trader does not offer or provide personalized advice. We publish information about markets in which we believe our readers may be interested and this information reflects our sincere opinions. The information that we provide or that is derived from our website and or services is not intended to be, and should not be construed in any manner whatsoever as, personalized advice. Also, our website and or services and the information provided by us should not be construed by any subscriber or prospective subscriber as the 7-Minute Trader's solicitation to effect, or attempt to effect, any transaction in a security. Investments in the securities markets, and especially in options, are speculative and involve substantial risk. The information that we provide or that is derived from our website and or services should not be a substitute for advice from an investment professional. We encourage you to obtain personal advice from your professional investment advisor and to make independent investigations before acting on the information that you obtain from the 7-Minute Trader or derive from our website and or services. Only you can determine what level of risk is appropriate for you.

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Q: How easy it is to get help from you, and support?

It is very easy…just e-mail us at support@7minutetrader.com

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