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ODDS PROVEN INCOME FAQs
Profiting From Proven Anomalies In The Market!


Q. How do I receive the ODDS Proven Income Daily Report?
A. Getting each version of ODDS Proven Income Daily Report could not be easier. All you have to do is login by clicking the LOGIN link each day, and selecting ODDS Proven Income from the menu. You’ll immediately see the report, along with complete instructions on how to use the service . No emails are sent out, so it is up to you to log in each trading day.
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Q. Do you email me the recommendations?

A. One of the anomalies that ODDS Proven Income exploits is the volatility-risk premium. Basically, puts on stock indexes and puts on individual stocks are vastly overpriced compared to what they should be. The consequence is, as researchers said in one of many academic papers written on the subject, put buyers have a distorted probability assessment of the market.

ODDS Proven Income attempts to capture that excessive time premium via short put sales. There is a lot of controversy about put selling. There are many people who claim that selling puts is extremely dangerous. I can say this without a doubt, that selling puts is NOT any more dangerous than buying stock. Where put selling gets dangerous is when people use excessive levels of margin.

If you do not use margin, if you do what’s called cash-secured put selling, the risks are actually less than buying stock. Your probability of profit is also more favorable than selling stock. However, you give up the opportunity for a huge profit if the stock makes a gigantic, larger-that-expected move upward.

And for those of you that still think that short puts are just too risky, or if you want to trade in your retirement or IRA account, we have made the credit spread version just for those reasons. The spread version uses the same theory, but provides a little more leveerage with less risk by using a credit spread.
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Q. How much money do you need to do this to get the results in the brochure? 

A. The results in the brochure are based on a starting amount of $10,000. The hypothetical test assumed that an investor would use margin. The test track record looked at the best possible price after we recommended a trade. That way, you’re assured that total gains are as good as they’ll get.

You can start with a smaller amount. But we have not tested how an account of that size would perform. We also do not have any information as to how an account would perform if you did not use margin, including how big your portfolio would have to be in order to do all the trades that have ever been highlighted.
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Q. What is the best way to start and what should we pay attention to when we first log in?

A. First, read through all of the information in the service including the links that take you to explanations of how the service is filtered.

Pay very close attention to the CURRENT MARKET STATE. In short, if you see a RED down arrow, stop and do not waste any further time looking or analyzing trade ideas, since this red down arrow is telling you that today is not good for implementing trades on stocks that are in momentum. Wait for the arrow to change to a yellow diamond or an up GREEN arrow. Green means go.

Next, only the top highlighted trade each day is the best-of-the-best, and is also the only trade used to come up with the great results that were published in the brochure. The rest of the list of ideas are still viable, but there are no tested results on any of those.

Next, click on the Ticker Symbol of each stock is a ‘link’ to Finance.yahoo.com news, so you can check the news on each stock to determine if there is any reason you may not want to consider doing a bullish bias trade on this stock at this time.

Last of all, pay close attention to the Earnings Date column. If the Earnings Report is going to be during the duration of your trade, you need to consider whether or not doing the trade is worth that risk. Earnings are notorious for destroying trades that normally would have been profitable, so take this into consideration before proceeding.

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Q. What is the Current Market State used for?

A. We added the ‘Current Market State’ to let you know, based on the current conditions of the market, whether or not it is a good time to implement the types of trade ideas found in ODDS Proven Income… which is based on stocks that are in momentum.

Basically, academic researchers found that if the stock market, as measured by a value- weighted index, was lower than it was a month ago, momentum-based stock returns shrank. The researchers call this “market state”. They found that when the market was in a weak state, the momentum effect was relatively small. When the market was in a positive state, the momentum effect was robust.

The implication is this: if you implemented ODDS Proven Income trades when the market is in a positive state, your profits would be higher. If you implemented ODDS Proven Income trades when the market was in a negative state, your profits would be smaller.

To a trader, this is a very simple way to be more discerning and pick trading opportunities when they are at their best.

In fact, we’ve made it outrageously simple: When the market state is positive, you will see a green up arrow and the word “Positive”. When the market state is negative, you will see a red down arrow and the word “Negative”. When the market state is neutral, you will see a yellow diamond and the word “Neutral”. In other words, red means stop, green means go, and yellow means caution or neutral.

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Q. Why do you show the Next Earnings date, and how should that be used?

A. As most traders know, Earnings Reports can positively and negatively affect your options trades if Earnings are reported during the duration of a trade before it expires. Therefore, we give you the Next Earnings as an instrument to help you decide whether or not you should implement a trade idea. For this same reason, we also include the Current Market State, and the news on the stock by using the link in the Ticker symbol column. (Note: The dates in Next Earnings column is from Yahoo!, so we cannot guarantee the accuracy of the info.)

The more informed you are, the better odds of winning you will have.

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Q. Why is the Ticker symbol also a link to Finance.Yahoo news?

A. We include the link to the ticker symbol to make it easy for you to check the news regarding the stock. We provide the list each day based only on the anomaly that is occurring. We also do all of the calculations for you to determine probability and more. But we do not check the new for each stock, so it’s very important that you determine whether there is anything in the news regarding the stock that may cause the trade you are considering to not work out.

We suggest that you use this link to help you make a decision on whether or not to implement the trade idea of the day, along with the Current Market State, and the Next Earnings.

All of these factors are valuable knowledge to have before entering any options trade. All of them combined, or just one of them, may be a deciding factor to not enter a trade that day or used as a confirmation that the trade is in fact a good one to do.

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Q. Why is only the top trade in the list highlighted each day, and how significant is it?

A. It’s extremely significant! The list each day is in the order of best trade idea at the top on down. The best-of-the-best trade each day is highlighted and always the at the top of the list. Only the highlighted trade ideas each day were the ones that generated all of the good profits shown in the advertising. The others in the list are viable trade ideas, but none of their results have been tested.

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Q. Aren’t naked puts really risky?

A. No. Selling naked puts is not any more risky than covered calls. The problem with naked puts is–just as it is with any other investment–borrowing too much money to use excessive leverage.

There is a lot of controversy about put selling. There are many people who claim that selling puts is extremely dangerous. I can say this without a doubt, that selling puts is NOT any more dangerous than buying stock. Where put selling gets dangerous is when people use excessive levels of margin.

If you do not use margin, if you do what’s called cash-secured put selling, the risks are actually less than buying stock. Your probability of profit is also more favorable than selling stock. However, you give up the opportunity for a huge profit if the stock makes a gigantic, larger-that-expected move upward.

For additional information on this subject, please consult Chapter 4 of the booklet titled The Two Proven Keys To Beating The Market.

Remember, we also have the credit spread version available for those of you that want less risk and more leverage, or simply want to trade in an IRA account.
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Q. What size of a trading account should I have to begin?

A. You can start with any amount. The results in the brochure are based on a starting amount of $10,000. The hypothetical test assumed that an investor would use margin. The test track record looked at the best possible price after we recommended a trade. That way, you’re assured that total gains are as good as they’ll get.

You can start with a smaller amount. But we have not tested how an account of that size would perform. We also do not have any information as to how an account would perform if you did not use margin, including how big your portfolio would have to be in order to do all the trades that have ever been highlighted.
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Q. Can a novice do this?

A. Unfortunately, that is a question that we can’t answer with regard to someone’s specific situation. We can say this: there are several different “approval” levels to options trading. Cash-secured put selling is the lowest, least risky level. If you use margin, however, the approval level rises. You’ll need to consult your broker to find out what level they would consider you approved to trade. The same if you are choosing the credit spread version. Credit spreads require a margin account to trade, but it is different than using margin on short puts. Requirements for trading spreads can best be discussed with your broker of choice.

With that in mind–and realizing that this is a general answer and there may be exceptions to specific situations–since cash-secured put selling has a low “level”, most novice investors should be able to qualify.
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Q: After I place my order, how soon do I get access?

A: Immediately. An email confirmation is sent to you with links to login to your subscription, plus it gives you links for all bonus items as well.
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Q: Where are the emails of the trades I’m supposed to get?

A: OOPS, you didn’t read the entire brochure! The list of potential plays is not emailed to you. As stated on page 3 of the brochure, every night we “post detailed entry instructions straight to a secure web site that only readers like you can access.” We do this because we’ve found email to be notoriously unreliable. Spam filters and firewalls tend to cause problems, and sometimes there are lengthy delays in transmission. We’ve found that posting the entry instructions to a private web site is the most dependable method for getting the information to you.
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Q: The brochure says that I will be provided with “word-for-word instructions that I can read to my broker”. Where are those instructions?

A: In either version of ODDS Proven Income Daily Report, we provide instructions on how to use the service, with a table at the bottom of the page containing trade ideas that have been analyzed and rated as good trades. About 150 times per year (an average of 3 per week), one of these trades will be highlighted, meaning that it is rated “best of the best”. For each trade appearing in the table, everything you need to place the trade is contained that table: the stock, the symbol, the option trade, and the credit. That’s everything you need to place a trade, if you so choose.

Realize that the trades are rated as good based on the credits shown. Implementing a trade at a price less favorable than the credit means that you would be implementing the trade at a price level that was not analyzed.
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Q. Can this be autotraded?

A. No. ODDS Proven Income is a Trade Idea service to help you find great trades. It is NOT a recommendation service.

The big difference between a Trade Idea service that helps you find a trade and one of our recommendation services is that our recommendation services treat the recommendations from a portfolio perspective. That is, we consider things like: the amount of money a general portfolio should have allocated to a trade, diversification, exit strategy, and tax consequences of repeating a trade within a certain time frame. This is not a complete list of things we monitor.

Investment Trade Idea services like either version of ODDS Proven Income only find trades that our system — “the system that’s based on two academically verified anomalies” — thinks are appropriate trades to take.

If you want more hand-holding assistance from our company, we can do that. If you want to make your buy-hold-sell decisions based on a time-tested system, then ODDS Proven Income is for you.
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Q. How long does it take for me to get my bonuses?

A. You receive them immediately after placing your order for either version. The two book bonuses — Options For Beginners and The Two Proven Keys to Beating the Market — should be available for you to download, and if you order online the video will be available for you to view online, as soon as you get an email from us confirming your order.
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Q. ODDS Proven Income is listed under Trade Ideas. Is it not an advisory service?

A. No. ODDS Proven Income provides potential trades for you to take. It is a trade idea service designed to help you find great trades

Every service we have utilizes a different investment theory: ODDS High Accuracy – Weeklys is based on a concept known as statistical arbitrage, while ODDS Proven Income is based on the momentum effect and the volatility-risk premium. All of the trades found by these methodologies have produced outstanding returns. But they are different.

The big difference between a trade idea service that helps you find a great trade and one of our recommendation services is that our recommendation services treat the recommendations from a portfolio perspective. That is, we consider things like: the amount of money a general portfolio should have allocated to a trade, diversification, exit strategy, and tax consequences of repeating a trade within a certain time frame. This is not a complete list of things we monitor.

Investment trade idea services like ODDS Proven Income only find trades that our system \”the system that’s based on two academically verified anomalies\” thinks are appropriate trades to take.
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Q. Does ODDS Proven Income use the same system that other Don Fishback services utilize?

A. No. Every service we have utilizes a different investment theory: ODDS High Accuracy – Weeklys is based on a concept known as statistical arbitrage, while ODDS Proven Income is based on the momentum effect and the volatility-risk premium. All of the trades found by these methodologies have produced outstanding returns, but they are different.

For a full description of the methodology used by ODDS Proven Income, please read the booklet titled The Two Proven Keys To Beating The Market, which is included as a bonus with your subscription..
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Q. How do I cancel my subscription?

A. It’s easy. Just call (859) 224-4424 or email support@donfishback.com to cancel.  We’ll be happy to take care of it for you while you’re on the phone, or if by email we will confirm back to you once your cancellation is complete.
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Q. If I want to be in the other version than the one I chose, what should I do?

A. You can switch to the opposite version and back once per month, without any extra costs. To do so,  log in. Then, under Current Subscriptions,  instead of clicking where it says “Go To ODDS Proven Income”, go past that to where it says “Change Version”. Click there & select the opposite version from the one you’re currently in and confirm. Then log out & back in again, and your version is switched.
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Q. What do I do if I want to have access  to both versions simultaneously?

A. The only way to access both versions simultaneously is to order both versions. You can sign up for each with the $4.95 first month trial for each, and use that time to decide which one you like the best, or just keep both. You can still cancel one or both at anytime.
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Q. I just joined, and I was wondering if you let all recommendations go to expiration, or do you get rid of some earlier?

A. Since this service is a ‘trade idea’ service only, it does not include any assistance for exiting the trades. That’s something you must determine for yourself. That’s why this service is so deeply discounted, but you can find a lot of answers to questions just like this one in the FAQs that are provided as a link above the list each day.

Another hint is to be sure to check the news for each stock before you consider doing a trade, since that is a big factor if earnings or something is happening during the time of the trade. The stock symbol in the list is a link to finance.yahoo.com to check news headlines.

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