Is “Project 303” aka the Extra Income Project Legit?

Welcome to my review of Extra Income Project aka Project 303 by Andrew Keene.

If you’ve encountered the presentation, he promises that his investment strategy can enable you to make anywhere between $1,000 and $5,000 every week irrespective of how the markets are swinging.

Having sat through the presentation, I outline the main talking points in this review for your consideration. I will also give my opinion on whether it is legit.

If you would like to learn more about it, keep reading.

Before I start…

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Is "Project 303" aka the Extra Income Project Legit? 3

Project 303 / Extra Income Project Review

Introduction to Extra Income Project

The Extra Income Project is the title of a video presentation by Andrew Keene where he promotes his latest venture, Project 303 – published by Money Map Press.

The Extra Income Project (Project 303)

This is not the first time I am coming across a trading service of his. I have already reviewed Club 1450.

He begins the presentation by promising to show you how you can navigate volatile markets and make $1,000 or more by working for 30 minutes, three days a week. Considering that the coronavirus has sparked runaway volatility, it sounds fitting.

But, this is not the first time he is using his investment strategy to navigate a bad market. He claims that in 2008, in the throes of the Global Financial Crisis, he perfected a strategy that enabled him to grow his account to $5 million.

The S.C.A.N Trading System

The strategy in question relies on a system called S.C.A.N. It scours the market looking for stocks that are showing peculiar movement – caused by insider trading.

You see, Andrew believes that insider trading still happens and that you can pinpoint it if you monitor the market keenly. However, you cannot spot it by scouring the market unaided – it is virtually impossible taking into account the trading volume.

That’s why he spent half a million dollars to create S.C.A.N. This system can scan 6.2 billion trades every day looking for patterns that are characteristic of insider trading.

Typically, those trades appear sequentially within minutes of each other, they are large and identical, and they involve the same company.

Once S.C.A.N identifies such a pattern, it alerts Andrew, who takes the next step.

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Trading Options

Rather than trade the stocks that S.C.A.N pinpoints, Andrew finds overlying options and trades them instead. He prefers options to stocks for the following reasons:

  • Options enable him to make money even when a stock is falling – appropriate for a market that is plummeting such as during the coronavirus recession.
  • They are cheaper, hence require a smaller capital investment. This suits individual investors who tend to be limited financially.
  • They have greater potential upside than their underlying stocks.

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Who is behind Project 303?

Andrew Keene is an expert options trader and investment analyst. He is the president and CEO of AlphaShark Trading. The company, which he started in 2011 as KeeneOnTheMarket.com, provides traders with options investment strategies.

He began his career in the world of finance as a clerk and later a proprietary trader on the Chicago Board Options Exchange. There he worked for Botta Capital and the KATL Group, which he co-founded.

Although he is best known for trading options, he also actively trades futures, commodities, and equity options currency pairs.

He regularly appears on networks like CNBC, Fox Business, and Bloomberg TV as a market commentator. He has been making regular guest appearances on CNBC’s Trading Nation where he educates viewers about the equity options markets.

He has taught his strategies to over 50,000 people. At Money Map Press, he runs Super Options (which also relies on S.C.A.N) and 1450 Club in addition to Project 303.

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How does Project 303 Work?

The Extra Income Project was meant to inspire you to join Project 303 as a founding member at a huge discount.

The premise of Project 303 is to encourage you to set aside 30 minutes on three days of the week – Monday, Wednesday, and Thursday.

Your membership to Project 303 comes with the following benefits:

  • Access to the Live Trading Room. You receive your recommendations through this platform. It has a chatbox through which you can ask Andrew questions related to trading.
  • Project 303 weekly wrap-up. Every Friday, he sends you an update of how your investments look like for the week.
  • Net Worth Boosted Alerts. Whenever you need to act fast to close a position, Andrew sends you one of these alerts.
  • Fast Track to Financial Freedom Training Series. It is a crash course that introduces you to Options trading. It is particularly pertinent to people who have no experience trading them.
  • Access to the Private Website. The website gives you access to archived information that Andrew has been sharing and continues to share with his subscribers.

Bonus

A free subscription to Profit Pregame. Through this free e-letter, he briefs you on the state of the markets before they open every morning.

Subscription Fee

A one-year subscription costs $129 if you are among the first 500 new subscribers (founding members). The regular price is $600.

Performance Guarantee

The subscription has a double guarantee:

  • You have 60 days to cancel your membership for whatever reason. You will receive a full refund of your subscription.
  • You can claim a full refund of your subscription if at the end of your first year you will not have doubled your investment at least 25 times.

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Is Project 303 Legit?

I think Extra Income Project is legit because Andrew Keene is a credible source of investment advice.

He periodically appears as a guest on business shows by networks like Fox Business and Bloomberg TV. He is even a regular on CNBC’s Trading Nation, a program that educates viewers on equity options.

I don’t think those networks would bring him on if they knew that he was not trustworthy. I mean, you’d expect them to vet the experts they bring on.

Furthermore, I gave him a clean bill of health when I reviewed the 1450 Club.

That being said, you should not join Project 303 expecting to make thousands every week on your options trades. I think he has oversold it to entice new members to join.

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Project 303 / Extra Income Project Verdict

Andrew’s investment strategy involves trading options, an idea that not many people are particularly comfortable with. One of his justifications, in addition to what we addressed earlier in this article, is that Options are suited to a short-term investment approach.

He prefers not to have to buy and hold a stock for years only to realize mediocre gains. Also, not maintaining your position long-term minimizes the chances that your holdings will be decimated by a market crash somewhere down the line.

If you buy into his approach and would like to give his service a try, it is up to you. Just ensure that you don’t go into it with realistic expectations.

Before you leave

If you’re tired of scams and want a real solution for making money online check out my no.1 recommendation.

It’s helped me earn over $300,000 in the last 12 months alone:

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(This is a 100% free training)

Is "Project 303" aka the Extra Income Project Legit? 3