Rapid Profit Trader – Legit Newsletter? [Honest Review]

Looking for a review of the Rapid Profit Trader ?

The Rapid Profit Trader is a options trading newsletter from Paul Mampilly and Ian Dyer.

I have recently stumbled across this newsletter after receiving emails about it.

Today I’m sharing my honest review of the Rapid Profit Trader and giving you all the details!

Before I start…

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Rapid Profit Trader Review

Here is what I’ll cover inside this review:

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What Is Rapid Profit Trader?

Rapid Profit Trader is Paul Mampilly and Ian Dyer’s options investment trading newsletter that enables Main Street investors to make fast returns on their investments.

The newsletter is published by Banyan Hill Publishing. 

I just recently shared my reviews of Paul and Ian’s Rebound Profit Summit and also the $10 Million Portfolio.

Paul and Ian use technical analysis as part of their investment strategy to remove the emotion out of their trading.

This way, they ensure that their readers see consistent results. 

For example, their system lets you know when to exit a trade thus preventing you from succumbing to the disposition effect (holding on to trades that have lost value or closing positions that are about to rise in value). 

Rapid Profit Trader only trades options because Paul believes they ensure quicker gains and they allow you to make money off of stock uptrends without putting large sums of money at risk. 

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When it comes to identifying the stock, Paul and Ian find the companies that are experiencing 52-week highs or lows.

Positions are opened and closed within four to six weeks thereby justifying the name “rapid” on the title of the newsletter. 

To find these stocks, they employ a three-step strategy that can sniff out three kinds of momentum; consistency, trajectory, and ETF profitability. That’s how they find the companies that are experiencing the largest momentum. 

Once they land on a trade that meets all their criteria, they look for an option based on the winning stock and recommend it to you. Typically, they go for options that are cheaper than $5 and with good liquidity. Liquidity is important because it ensures stability. 

The system also determines the best time to exit a position to maximize profits.

Who Is Behind Rapid Profit Trader?

Paul Mampilly

Paul is a seasoned investor with 25 years of experience in the finance industry.

He started as an assistant portfolio manager and rose through the ranks, ultimately managing multi-million dollar accounts for big banks and investment firms.

Ian Dyer

Although Paul grabs all the attention, Ian’s contributions have proven crucial to the success of the newsletter.

He graduated with a degree in Finance and has been involved with the Chartered Financial Analyst (CFA). Ian is a technical analyst.

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How Does Rapid Profit Trader Work?

To join this investment service, you pay $2,995 – which is 40% lower than the standard $5,000.

To qualify for this discount, you have to be among the first 800 people to join after the Rebound Profit Summit. 

As a member of Rapid Profit Trader, you are entitled to the following: 

• Trade Alerts: Whenever Paul and Ian find a low-risk, high-return trade, they forward it to you as a trade alert. The email also comes with step-by-step instructions on how to buy the option. 
• The Trading Guide: It is more than just a well-written set of instructions on how to become an options trader. It shows you how to open a brokerage account (that can trade options) or tweak your existing stock-trading account to allow you to trade options. It also has a demonstration on what to do when you receive a trade alert; Paul walks you through every step you need to take to the point of selling the option. The Trading Guide also explains the trading strategy behind Rapid Profit Trader. With all that information, you can understand why Paul urges you to go through it before you start trading. 
• The Model portfolio: The model portfolio tracks all the recommendations Paul and Ian send out to give you a quick overview of how the newsletter has performed since it was established. 
• Weekly Podcast Updates: You can either listen to the weekly updates or read them in transcript form. Either way, Paul and Ian discuss the performance of their stock picks and talk about market trends and news events that can affect their recommendations. They also give you a glimpse of what you should expect from them in the near future. 
• Access to the Rapid Profit Trader Website: The website has all the resources that you receive for being a subscriber to the newsletter. 

The Guarantee

If you fail to make $200,000 within one year, you get an extra year’s subscription for free. 

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Is Rapid Profit Trader A Scam?

Rapid Profit Trader is not a scam.

You only have to look at Paul’s track record to see that he has consistently been a successful analyst.

Part of the reason why he is successful is that he follows a solid trading strategy.

For example, during the Global Financial Crisis of 2008, he made money for his clients as many other money managers lost it.

That being said, he occasionally hits rough patches but you cannot use that against him and label him a fraud – even Warren Buffet loses out sometimes. 

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Pros of Rapid Profit Trader

• Options do not require as big a capital investment as securities. Therefore, you don’t have to risk a lot of money. 
• This service is great for people who are new to options trading. Options trading is not everyone’s cup of tea. Fortunately, Paul elaborates everything you need to know to get going. 
• A diversified portfolio. The trading strategy Paul uses inherently encourages diversification. He invests in all kinds of stocks; you’ll not see him cherry-picking his trades from one sector. 

Cons of Rapid Profit Trader

• The membership discount offer only caters to the first 800 subscribers to join (from when the Rapid Profit Summit was held). 

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Verdict For Rapid Profit Trader

Through Rapid Profit Trader, Paul has helped many main street investors to massive returns.

If you are into options trading or want to try your hand at it to diversify your portfolio, this newsletter will help.

If you are new to it, Paul will walk you through everything you need to know to get started. 

Although you’ll not make money with all the recommendations, a couple of them will be profitable and make up for the losses.

Before you leave

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