Weekly Money Multiplier Review
Interested in multiplying your money? You may have heard of the service Weekly Money Multiplier, then. Weekly Money Multiplier is an options trading education site. With options trades alerts, learning strategies, and more Weekly Money Multiplier has many buzzing. Is Weekly Money Multiplier what you’re looking for? Read our review before you buy.
About Weekly Money Multiplier
The Weekly Money Multiplier (WMM) is an options trading education site owned and operated by Jeff Bishop. The site primarily focuses on putting on options trades using alerts as well as teaching the strategies necessary to manage the trades.
Jeff Bishop is a self-made millionaire trader (and a member of MENSA) with over 20-years of trading experience developing the techniques that score him at least a single 100-percent options trade every week. He claims to be the “#1 Big Money” options trainer in the world. He’s also a co-founder of Raging Bull, a network of trading education and alert sites, including JasonBondPicks.com in addition to his flagship Weekly Money Multiplier. Raging Bull takes some of its most successful students that have grown their accounts into the millions and recruits them as moderators for their own trading services within the network.
One of these success stories is Nathan Bear, a co-moderator of Weekly Money Multiplier who joined in 2018. He successfully grew $37,525 into $1.85 million in three years under the tutelage of Jeff Bishop and Jason Bond. The Weekly Money Multiplier service is mainly operated by Jeff Bishop and Nathan Bear, whom both provide access to their real-time screen share enabling full transparency of their positions and actions to further enhance the credibility of the techniques.
Is the service worth paying for? Keep reading our Weekly Money Multiplier review to find out.
Styles of Trading
Weekly Money Multiplier is built around the trading styles of Jeff Bishop and Nathan Bear, both of whom have slightly different approaches to the markets.
Jeff Bishop is an old school technical analyst who trades mainly on chart patterns that repeat in cycles (i.e. technical analysis). Bishop has years of experience as a technical analyst proficient in both stock trading strategies and options trading strategies. He likes to jump in on momentum movers with options trades utilizing the underlying high probability patterns. His style generally consists of swing trading. He makes directional bets on the underlying stocks by taking options positions of about 100-200 contracts.
Nathan Bear likes to trade heavy position sizes, often taking up to 50-contracts per position to scalp trend-pattern-squeeze set-ups for high-velocity trades that rack rapid up premium spikes. He is mostly a scalper playing directional bets as well on underlying stocks but on a shorter time frame leash.
Bishop often utilizes various moving average set-ups like his 13 and 30-period simple moving average “13/30 Pattern”, composed of hourly crossovers triggers combined with a momentum indicator like an RSI or MACD. This is a trend pattern that forms a breakout followed by an uptrend on rising stocks and breakdown followed by downtrend on falling stocks. Bishop uses trend lines and additional moving averages like a 200-period moving average to spot the resistance or support levels which also may turn into targets as well.
If you are new to trading, we can put that in layman’s terms. Bishop pays close attention to a stock’s price action and looks for specific “triggers” that offer a high probability trade setup (i.e. low risk, high reward).
Bishop prefers to use 60-minute time frame charts to swing positions from days to weeks until they either hit targets, stop him out, or expire. He puts on many trades so it’s important to make sure you have the bankroll if mirroring the trades, although they explicitly warn against mirroring. While mirroring the trades of a trading service may seem like an easy way to make money, it rarely works out as planned. You should have a basic understanding of the trading system if you want to make the most of the service.
If you have a smaller account or cannot follow too many alerts at once, you should create your own criteria for which alerts are most relevant to you.
Weekly Money Multiplier is both an alerts service and an education platform. Trading options can be confusing at first, so it’s important to get started with the educational material so you know what you are doing. It is highly recommended that members take advantage of the educational content. If you are paying for a subscription, you may as well take advantage of all of the trading resources.
Weekly Money Multiplier subscribers will have access to “The Stock Options Explained Course.” This is a self-paced video course with over 20-lessons that start from the beginning with options basics to the advanced trading strategies. Access is only available through the annual recurring membership plan with Weekly Money Multiplier.
The service also has a video library with video material that covers a broad range of stock market lessons.
The video lesson library includes full access to the Mastermind Video Lessons, live training sessions, live trading updates, “Learn How to Trade Options with a Master” and more. Members will also have access to video portfolio updates. These portfolio updates provide a real-time look at Bishop’s account so traders can actually see the trades he places. Portfolio updates are generally released every day.
Members have access to a real-time video stream of Bishop’s live portfolio. Chat room access is available through other rooms within the network. The Raging Bull network provides chatrooms for certain services including RagingBull Elite, Millionaire Roadmap, PetraPicks Premium, Traders Council and Biotech Nucleus.
The main offerings of the Weekly Money Multiplier service are the options alerts and the educational material.
What Type of Trader is Weekly Money Multiplier Best For?
Unlike other options sites that focus on collecting income by selling premium, this site is primarily focused on directional bets, which carry more risk and substantially more reward. Therefore, risk-tolerant traders with a bit of experience with stock technical analysis and the mechanics of options trading are best suited for the alerts.
The site is beautifully organized to take beginners on a comprehensive learning journey to build up the skill sets needed to manage alerts as well. Becoming a successful trader requires education and this service offers a range of trading resources that can provide the guidance you need to improve your trading.
I will say that patient and disciplined newbies are also well suited for the service. I use caution because it’s very common for a newbie to jump headfirst into the options alerts only to get their accounts wiped out because they just haven’t built up the foundation of knowledge and experience needed to manage the trades (even when the trades are winners). Options (especially weeklies) are very volatile and a winning position can turn red quickly, especially if held overnight. Since options fall under the pattern day trading rule (PDT), many newbies will find themselves forced to hold overnight unaware of the three round-trip rule, which can transform a winning trade into a loss on volatility and time premium alone.
Is Weekly Money Multiplier a Good Value?
Weekly Money Multiplier has two main subscription plans. You can pay for an unlimited plan for $2,999 or an annual plan for $1,999. There is no quarterly subscription or monthly subscription offered, likely due to all of the educational content members have instant access to.
Both subscriptions have similar offerings. They both include:
- Access to Nathan’s Live Portfolio
- Email and SMS Alerts
- Video Lessons
- Liver Training Sessions
- Beginner Trading Courses
The main difference is the time frame. For an extra $1,000, you can purchase the unlimited plan which gives you access to the Weekly Money Multiplier service forever. Of course, the annual plan only provides access for a year.
The unlimited plan also comes with a performance guarantee. This guarantee states that subscribers can receive a $500 refund if they don’t hit 12 100% winners in the first year of using the service. It’s not entirely clear how this guarantee is enforced but it certainly shows the team’s confidence in the service.
So, is the service worth the money?
There’s no doubt that a lot of the options alerts yield incredible returns. The official website includes testimonials and reviews from members who have made $10,000+ in a single week. It should be assumed that these results are not typical, however, it’s not uncommon for options to return upwards of 100% in a single day.
The Weekly Money Multiplier program may be a good fit for you under a few conditions. First, you should be ready to learn. If you want to simply copy another trader and make money, you’re in for a rude awakening. It’s never as simple in practice as it seems in theory. If you want to learn about options trading from experts, there are a lot of valuable resources available to you. Prepare to invest time in studying the video lessons offered in the program.
You should also consider the size of your portfolio relative to the subscription cost. If you have a lot of capital at your disposal, it’s a lot easier to make back the subscription fee and then some. If you only have $1,000 in your trading account, you will have a more difficult time recouping your membership fee.
Lastly, you should make sure you are comfortable with options trading. Options trading is a lot different than trading stocks. Options are more volatile and carry more risk. Of course, they also have more upside as well. If you plan on trading options, you should know what you are getting into. You have to love the volatility.
- Easy-to-follow options trading course with plenty of content
- Simple trade alerts sent via SMS/Text
- Simple and not-too-complicated set-ups and patterns behind the alerts
- Access to the RagingBull network of services on a single dashboard
- Easily accessible customer service around the clock
- Transparent access to moderator’s trading account screens
- Market moving alerts can reap fast profits for the nimble
- Oversaturation of marketing for other RagingBull services
- Risky directional trades must be managed diligently, no action is an action