Jake the Stock Guy Review

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Contributor, Benzinga
February 22, 2022
Jake the Stock Guy
Overall Rating:
securely through Jake the Stock Guy's website

Founded in February 2021 by Jake Ogletree, Jake the Stock Guy is an online option alert service and strategy website. The company offers private community assistance in options trading with daily options alerts and options signals focused on trading strategies using puts, calls and swing positions. Jake the Stock Guy also offers live trading sessions with expert traders managing various portfolio sizes, giving members with virtually any trading capital amount a way to find good trades to follow and generate profits. The Jake the Stock Guy website offers day-trading tools, strategies, guides and a useful “How To” section that could benefit traders at any level of expertise.

Best For
  • Options traders
  • Day traders
  • Experienced and beginning traders
Pros
  • Multiple option trading strategies based on the size of your portfolio
  • Alerts and signals for profitable option trades
  • Free daily newsletter
  • Educational resources
Cons
  • High subscription and course fees

Jake the Stock Guy Ratings at a Glance

Option Alerts
Customer Service
Pricing
User Benefits
User Experience
Overall

Jake the Stock Guy Option Alerts

Jake the Stock Guy offers a Slack workspace where you can get Jake’s alerts in several private groups. The groups provide inexperienced traders with a wealth of knowledge and trading experience that is only available from interacting with experienced professionals.

Once you’ve accessed Jake the Stock Guy’s private Slack workspace, you’ll receive trading alerts from the company’s team of expert traders, the Platinum Options Trading Group. You’ll also receive a daily market recap, a file with Jake’s trading alerts history and VIP support via telephone, chat and email.

The company also provides daily live Zoom sessions with experienced options traders. These experts execute and demonstrate their trades in real-time via screen sharing. As an example of these expert traders’ performance records, you can go to this public link to check out Richie Rich’s (Senior JTSG Trader) trading history.

The expert traders also discuss option trading strategies for various account sizes, including small accounts funded with $2,000, medium accounts funded with at least $40,000 and large accounts with $3,000,000 or more.

New members can sign up for a 14-day free trial subscription. After you’ve subscribed to the service, you’ll receive 5 to 10 trading alerts per week. The site claims the alerts target a 50% to 100% profit per option trade and a 60% to 70% success rate on their alerts. 

Jake the Stock Guy has also put together an online Options Trading Masterclass. The Masterclass has been categorized into multiple lessons for a better understanding of its content, and attendance to the class is limited to 40 people. 

For the Masterclass, Jake has created objective-based learning milestones, which enable traders at all levels of experience to master the concepts outlined in the options trading course. The course includes step-by-step guidelines on building a great portfolio, how to identify value stocks, how to obtain sustained capital with income and options trading procedures. 

You can also register for the FREE newsletter here.

Jake the Stock Guy Customer Service

Customer service at Jake the Stock Guy can be reached via live chat, email and phone. The team responded within a few hours to a customer support query made using live chat and email, and the response was fully satisfied when it arrived. Its customer support staff takes the time to respond appropriately and solve members’ issues.

Jake the Stock Guy Pricing

After you’ve signed up for the free 14-day trial, you can continue to access Jake the Stock Guy’s service for $99 per month. A 10% monthly discount on the service can also be accessed by using the Benzinga discount code BNZG10. 

If you’re interested in taking Jake’s Options Masterclass, early registrations may be able to get a substantial discount on the $1,947 cost of the course through a special promotion. Even with the early bird promotion offering a $1,000 discount, Jake’s Masterclass will still set you back a hefty sum of $947. 

If you’re still unsure, you can register for the free newsletter, follow along and see the sort of results investors are getting on the platform. Moreover, those who register for the course will find that it could potentially pay for itself once their portfolio grows and it is generating income.

Jake the Stock Guy User Benefits

Access to Jake the Stock Guy’s Slack workspace gives you access to its trading team alerts that come from several seasoned professional traders. These alerts give you an accurate picture of experts’ trades, entry and exit levels and stop-loss orders. 

The firm’s market calls are actionable and are intended to be used immediately by subscribers. By closely following and interacting with the Jake team via the Slack workspace, you can enter and exit trades along with the firm’s team of professionals. Also, you’ll be learning the ins and outs of professional options trading by monitoring their messages. Comprehensive, readily understood educational materials for members include strategies like “Gap and Go” and “Bull Flag”; guides on technical analysis, the best day trading computers, margin trading and position sizing; and how to’s like day trading under $25,000, using scanners, and making a living as a day trader, among many others.

Jake the Stock Guy User Experience

With respect to user experience, the Jake the Stock Guy website and its associated Slack workspace are intuitive and easy to navigate. The workspace provides truly useful information for option traders looking for professional assistance with well-explained trade ideas that members can use.

The website also includes numerous testimonials from clients and students, who all give overwhelmingly positive reviews. Most people expect a few toads to muddy up an otherwise delightful experience, but Jake the Stock Guy’s pristine platform makes a day’s work of option trading pleasant and collegial. 

Jake the Stock Guy vs Competitors

Other firms compete with Jake the Stock Guy in the field of providing trading signal alerts, although the company’s focus on short-term trading using options makes it quite specialized among its competitors.

Also, while not competing directly with Jake in the alerts space, social trading could be considered a competing service since it also relies on emulating professionals’ trades, although the execution is automatic.

Benzinga has provided a chart below so you can compare Jake the Stock Guy’s service with its competitors:

Jake the Stock Guy Overall

Overall, Jake the Stock Guy offers a relatively rare and valuable trade alerts service for short-term options traders. If you follow the trading signals given by the expert trading group closely, it's quite likely you’ll be able to make profitable options trades. You can also gain considerable insight into how professional option traders think and operate in the market.

Reviews from happy customers on Trustpilot rate Jake the Stock Guy with an average 4.5-star-rating, reflecting a level of connection and value not often seen in other trading platforms. In addition to actionable trading information, Jake and the site’s members come across as genuinely nice traders who have created a welcoming community where members make money and make friends. Benzinga seconds Trustpilot’s 4.5-star rating.

Jake the Stock Guy Tutorial

If you want more information on Jake the Stock Guy’s option alert service, you can check out this tutorial video on YouTube.

Frequently Asked Questions

Q

Is options trading better than stocks?

A

The answer to this question depends on your trading goals and methods. For example, if you wanted to take a longer-term strategic view on a stock with limited downside risk, then a long option position would probably better suit you than holding the stock itself. Alternatively, if you wish to scalp or day trade the market or if you prefer dividend income and long-term capital gains, then trading stocks could be a better fit for you than options.

While you may think that options trading comes with considerable risk, if you’re using options in a day trading strategy or if you’re trading options for short-term profits, your risk can be significantly reduced compared to trading futures or stocks. You’ll also lose less in option time decay if you exit your long positions sooner. Options can also provide considerable leverage for traders versus trading stocks, which can make accurate options alerts and options signals very profitable. 

Q

Do options traders make money?

A

Much like those who trade the underlying assets, some options traders make money, but many more do not. In a research paper published in 2014 and entitled “Do Day Traders Rationally Learn About Their Ability?”, University of California professors studied 3.7 billion trades from the Taiwan Stock Exchange between 1992 to 2006. They observed that predictably profitable traders generated only 9.81% of day trading volume and constituted less than 3% of all day traders on an average day.

Q

Can I join Jake the Stock Guy Options Alerts for free?

A

Yes! You can join the free daily newsletter through the following link.

User Reviews

Aks Trs

How do you use this product to boost your finances?

They have some best traders who suggest the daily trades and analyze the charts that help users to make informed decision and make money.

Jerry Ramos

How do you use this product to boost your finances?

I trade on the site advice everyday

Jose Chung

How do you use this product to boost your finances?

I think this is one of the most legit place you could use to trade options and stock. Jake and their group are very knowledgeable and you don’t even have to spend anything because you can try it for free for 14 days. They signal the entry and exit

Daily Trader

How do you use this product to boost your finances?

so transparent and give out advance trading plan

Michelle Minthorn

How do you use this product to boost your finances?

Jake the Stock Guy presents concise information that can help anyone either get started by emulating or by being a great stepping stone at understanding stocks and options trading. It's an invaluable tool!

Rutika

How do you use this product to boost your finances?

Tips, learning trading styles

John

How do you use this product to boost your finances?

Option signals are spot on

Sam

How do you use this product to boost your finances?

This is the best team I am working with for all my Stocks/Options recommendations.

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