Under 15 U.S.C. 1225 (section 43 of the Lanham Act) … “an enterprise may not make deceptive claims for the purpose of misleading the public through unfounded enticement.” In light of our continuous adherence to these provisions, The Futures Wizard can claim, for the purposes of empowering our clientele, that as of 9/1/23 over 80% of our predictions, as witnessed directly by members, have been successful. During the pandemic our success rate was just above 75%. Again, our purpose is to empower you rather than to tout our abilities. We know that we are capable of helping you achieve your goals through the unique service that we provide.
Market success is determined through consistent…
Accuracy and Profitability.
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Predictions disseminated by The Futures Wizard are made with either a “long” or “short” label. For options predictions our publications may entail a “buy” or “sell” recommendation. For predictions accompanying a “long” label The Wizard is predicting an increase in the underlying market. Conversely, a prediction accompanied with a “short” label indicates that The Wizard predicts the underlying market will decline in value.
In actual trading, only the terms “buy” and “sell” are employed in all of the leveraged instruments we follow. For instance, if an initial “buy” order is placed in a given market the party placing that order benefits from an increase in price. If an initial “sell” order is placed, then the party benefits from a decline in price (unless these “buy” or “sell” orders “close” a position which is discussed below).
The primary exception to this is options trading where selling a “call” option indicates that the trader is bearish in the underlying market and collects a “premium” if that prediction turns out to be correct. The opposite is true of “put” options. In any event, each disseminated publication will clearly delineate precisely what The Futures Wizard is predicting will occur.
Importantly, in leveraged markets, an initial position can only be “closed” by placing an opposite order in the underlying market. Therefore, the completion of a trade involving an initial “buy” order entails the execution of a corresponding “sell” order which then “closes out” the transaction. The same is true in the case of an initial sell order. A corresponding “buy” order will “close out” the position and complete the trade.
For purposes of The Futures Wizard’s predictions, excluding options, initial recommendations will be accompanied by either “Long” or “Short” labeling which indicates the direction The Wizard is predicting a market will move. The closing recommendation may entail the use of the actual market language of “buy” or “sell” but will also include the term “Closes” and or “Cover” to inform our readers that this transaction forms the basis for a prediction’s accuracy and estimated return per unit/lot/contract.
Depending on whether an option is a “call” or a “put” a “buy” publication indicates that The Wizard is predicting that the market will move in the direction that is inherent in each type of option. The recommendation to buy a “call” option indicates that the Wizard is predicting an increase in the value of the underlying market. The reverse is true for “put” options.
When a published prediction is closed out (with either a “buy” or “sell” label or in the case of options the alternative recommendation to “exercise” the underlying option) there will be an explanation of the trade including the initial prediction being closed and the approximate value of the prediction in both actual incremental market movement as well as percentage per unit/contract. Subject to the generous parameters that are detailed in The Futures Wizard’s Disclaimer and Guarantee, the closed transaction will finally be labeled as either “accurate” or “inaccurate.”
Unless a trade publication results in a return of at least $50/contract/lot, The Futures Wizard will not take credit for any such trade as being accurate.
For all predictions that are “open,” The Futures Wizard may periodically supply commentary on the prediction which may range from the dynamics of the market, The Futures Wizard’s insights and observations, as well as more detailed commentary particularly relevant to different membership levels.
There are several categories of posts that you will see on our “Current Predictions” page. The first category entails recent predictions that will be labeled “open” and will include the date, time, precise market, and the precise position that is predicted.
Any position for which there has been a publication recommending “averaging in” will be so labeled and the date, time, price, market and the percentage to be “averaged in” will accompany the publication.
ALL published predictions that have been closed will be labeled as either:
Prediction (Accurate) or Prediction (Inaccurate)
(centered below the closing recommendation)
On very rare occasions a particular prediction may be nullified with neither an accurate nor inaccurate label. This may occur, for example, if the published prediction does not provide a profitability level that exceeds $50.00 per lot/contract. Again, this will be a rare occurrence.
All trades will state whether they are an “initial prediction,” a “closing prediction,” or an “averaging in prediction.” The Wizard’s publications will also clearly convey the intended direction of the underlying market and the manner in which the recommendation should be implemented in order to maximize the value of our service.
All publications that entail the recommendation to exit or close a previously published prediction will be clearly delineated as such and will include the result of the prediction. This will include the estimated return and whether the predictions accuracy as explained above.
All publications will be clear and easy to follow whether you have extensive experience or whether you are new to the markets.
TERMINOLOGY USED ON FOR MARKET PREDICTIONS
“Buy”– If an initial position is taken with the use of the term “BUY” that is tantamount to “going long” in a particular market (with the exception of options which will be explained below). If this term is used to close a position it indicates, in most instances, that a short trade is being closed out.
“Sell”– If an initial position is taken with the term “Sell” the term is tantamount to “going short” a particular market (again with the exception of options which will be explained below). If this term is used to close a position it indicates, in most instances, that a long trade in being closed out.
“Offset”– This term is used to terminate an open position and typically entails the use of either a “buy” or a “sell” order. Another similar term used in financial nomenclature is to “close out” a position.
“Average in”– This is a term of art that is used to convey that an added position is recommended on the same side of the market as the original publication.
Remember that every outright position in leveraged markets must be “offset” with the opposite order in order to “close out” a position.
This is also true for all forex positions.
The strategies The Futures Wizard publishes with the use of options range from fundamental to more sophisticated and complex strategies. For a basic explanation of how we determine accuracy/profitability of our options publications, as applicable to this page, we refer you to our “Determining Prediction Success” page.
*Some of the content of this page is duplicative of the content contained on our “Determining Prediction Success” page as well as our Disclaimer*
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