27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
The Benzinga Fintech Summit is an event for those interested in finance, entrepreneurship, capital markets, deal-making, networking and accelerating their business.
It's a chance to interact with and learn from founders, C-Suite institutional executives, leaders of the biggest and hottest fintech companies, brokerages, banks, quants, hedge funds and managing directors from VC funds about the future of financial technology through networking hours, exhibiting, panels, and keynote addresses.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!
To get you prepared for the event, Benzinga will profile each fintech company exhibiting. Want to get involved? Submit your company here.
For this installment, we spoke with Wealthbase CEO John Rourke (answers may have been edited for length and clarity).
Wealthbase
Benzinga: What does your company do? What unique problem does it solve?
John Rourke: Wealthbase is a simulated investing platform for consumers to compete in trading stocks, ETFs, cryptocurrencies and other asset classes in the future. Wealthbaseadvances simulated trading with a modern interface and social, gamified design. Some have called it "the Robinhood of simulated trading."
BZ: Who are your customers?
John Rourke: Wealthbase's target market is Individual investors, investing clubs and partner sponsors in the future.
FREE REPORT: How To Learn Options Trading Fast
In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.
BZ: How long have you been in business?
John Rourke: Wealthbase is made by Starburst Labs and is launching its private-beta at the Benzinga Fintech Summit.
BZ: Where are you located?
John Rourke: Wealthbase is headquartered in New York City.
BZ: Who is your company's leadership? What kind of experience do they have?
John Rourke: We have absolutely no experience on Wall Street, which will be a key to our success.
BZ: Anything else Benzinga should know about your company?
John Rourke: Starburst Labs, the makers of Wealthbase.com, is building a suite of separate but complementary apps that connect investors and financial professionals.
Editor's note: This article previously referred to "Wealthbase" by its original name "PaperTraders." The company changed its name to Wealthbase in September of 2017 and all instances of the term "PaperTraders" here have been updated.
If you’re looking for cool fintech startups and access to top financial institutions, and are sick of attending stuffy corporate conferences, the Benzinga Fintech Summit is the event for you. Visit www.bzsummit.com for more details.
Connect with us on social media — use the hashtag #BZAwards and #Fintech to spread the word
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.