I was researching Invest with Henry options trading advice and it seems that virtually all of his recommendations have gotten crushed (50% – 95% loss) – GEVO, NIO, UPST, SPCE, WKHS, PLUG, HYLN, JD, BABA and many more!
I don’t understand how anyone can be that bad (especially during a bull market).
Also, I read that he lied about his experience at Goldman Sachs and was either fired or not offered a full-time position, while also learning almost nothing of value about options trading there (as he claims).
He also recommended Tesla at $230 while selling calls on NVDA at $470 and telling everyone to unsubscribe from other YouTubers if they recommend NVDA.
Some people also mentioned that he chooses option strikes using bollinger bands, that they’ve lost money following him, and that his option trading strategies are widely available for free elsewhere, so there’s no need to pay him anything.
What are your thoughts?
Invest with Henry Review. Is Henry Moldavskiy a fraud?
byu/wisestartcat inoptions
Posted by wisestartcat
2 Comments
Hmm, sounds like inversing him would work.
Here is a link to a reply I put on a similar post. Same basic thing applies.
He may or may not be semi helpful. Either way you can do better with a few good books and asking questions to this community. Yes I have watched several of his videos. I wasn’t all that impressed. His advice wasnt the worse but its probably close. The biggest issue is the critical details on the videos tended to be missing. For example he will make option trades on a robinhood account and not bother to open it up so you can see the greeks. He is big on telling people to then scale up those positions for big profits. So he just shows you something and says this can work scale it up for potentially big profits, but doesn’t talk about downside risk.
One of his recent videos he did this with AAL. Strategy basically worked. Run forward a few weeks and it should have been fine with a ginormous caveat. AAL tanked soon after the the date he used for his options. That date was practically the 11th hour before the stock tanked. So if you picked a slightly later date you would have lost big. So in my view thats a huge failure. Anyone following that advice would win several times in a row, build up confidence, scale up huge, and then lose it all due to risk management issues. Underline that risk management issues. It starts with the greeks which he didnt cover and then it goes on to earnings which he dodged but would be a rough on his strategy in most circumstances. he basically was setup to make a profit only if the stock stayed in an extremely narrow range. Good or bad earnings with a decent move would destroy that strategy.
[https://www.reddit.com/r/options/comments/1d47ia7/comment/l6d6wy0/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button](https://www.reddit.com/r/options/comments/1d47ia7/comment/l6d6wy0/?utm_source=share&utm_medium=web3x&utm_name=web3xcss&utm_term=1&utm_content=share_button)