I wrote a review previously for Goat Academy when Patrick Rooney and Byung Kim were coaches and were a part of the system, but they have since left Felix.
I have pluses and minuses about Felix‘s system, and so I’m going to take some time from an honest perspective and give you both sides of the story. I often feel that these reviews are given by people who are paid to lie and give good reviews, simply so that other users like you can go on trust pilot and read those positive reviews.
So I will start with the positive side.
First, the individual COACHING that I received was absolutely amazing! I started with a different Trading program and I learned absolutely nothing about credit spreads, but only about selling puts! Essentially the wheel system. Which there’s nothing wrong with the wheel system except for when the stock that you now have been assigned to drops almost 80% in price as happened with Paypal, which I took a massive loss on even after trying to manage cost averaging down.
So from a perspective of actually learning a credit spread and how to manage risk, this was extremely helpful and I am forever. Grateful for having to learn learned that from my two coaches.
That’s where the positive side of this entire system ends.
I don’t know exactly what Felix is teaching these days, but what he was teaching back in 2023 in the beginning of 2024, was to place credit spreads 45 days out on both sides – calls and puts – at 30 Delta and then essentially hoping for the best we would close those credit spreads at approximately 21 days out and maybe you had earned half of the amount of profit that was available. I understand his thinking. There is extreme volatility when it is less than 21 days. However, there’s also freakish amounts of volatility, 45 days out! Have you taken a look lately at what has happened to both spy and QQQ in the last 45 days? Freakish amounts of volatility, and I can’t imagine placing trades 45 days out and hoping for the best!
That simply is not a system that is going to produce long-term income.
Not only that, but Felix personally messaged me and told me to hold onto my Paypal position! Thankfully, I did not listen to him and I got rid of Paypal when it was at $93.
Felix, are you still promoting PayPal as a great investment?
So if you have no idea how to trade, how to place an order, how to do a credit spread, then maybe this would be a good place to start but honestly there are so many other good trading platforms out there that cost half of what Felix is charging. At least when I was a part of it, it was ridiculously expensive. I have no idea how much he costs now.
Not only that, but two of the very best coaches could barely stand to work with him. He was never available for consultations. They tried several times to set up Zoom calls that he would not show up to. All I heard about was how terrible he was at communicating with the people who are actually doing the coaching. Is this the kind of leader that you want to be following into a very risky business like Trading Options? I don’t think so.
Again, I want to emphasize that I did learn a considerable amount about some basics of which I had no idea how to manage or how to place. However, there are simple videos available for free on YouTube that you can watch that will teach you exactly the same thing and you don’t need to spend all that money.
I’ve read a lot of the positive reviews and quite honestly, it sounds like a bunch of prescriptive crap from people that were paid to say positive stuff about this system.
Obviously, I am not one of them.
I wish you the best in trying to find a coach to teach you how to trade. There are a lot of scams out there, so please be careful!
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