Bullseye Trades Review: Is it Worth the Price in 2022?

Bullseye Trades
Bullseye Trades - by, April 1, 2011
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Bullseye Trades
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Review Summary :

Bullseye Trades is Jeff Bishop's flagship options trading education service designed to help stock traders hone their method and find high-value trades every week. As a subscriber, you get access to interactive live trading broadcasts, a wealth of video tutorials, walkthroughs, and Q&As hosted by Jeff himself, and weekly "Pick of the Week" alerts to notify you of trade opportunities every Monday morning before markets open. All for a surprisingly competitive price. 

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Pros:

Low price
Enormous video library
Weekly stock picks
7-day free trial

Cons:

Non-refundable
Quick Facts about Bullseye Trades
Overall Rating:
Year Founded:2020
Company Headquarters:62 Calef Hwy. #233, Lee, NH
Published On:December 10, 2021
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Jeff Bishop’s Bullseye Trades is an educational program for options trading that functions primarily as a stock alert service and video archive offered by Raging Bull LLC. We tested the service over several weeks to get a feel for its accuracy, informational quality, and overall value. 

Although Jeff Bishop has been at the helm of Raging Bull for over a decade, it wasn’t until recently that he debuted Bullseye Trades. Launched in 2020, Bullseye Trades uses technical analysis to forecast price movements in the stock market, identify price patterns as they emerge, and execute risk-managed trades using options.

In this Bullseye Trades review, we’ll go over everything you need to know about this exclusive service. This way, you can decide for yourself whether this stock trading service is right for you.

 

Who Is Jeff Bishop?

A long-time swing trader, Jeff Bishop is a true American success story, regardless of your take on his story or his history of self-promotion. Based in New Hampshire and holding two degrees in finance and economics from the University of Texas, Jeff’s career as a full-time trader spanned over 20 years on Wall Street before transitioning to a solo practice.

Alongside co-founder Jason Bond, Jeff Bishop created stock trading education service RagingBull.com (or “Raging Bull Trading”) in 2010. To date, Bullseye Trades—as well as Jeff’s other stock trading newsletter, Weekly Money Multiplier—is available only through the Raging Bull online platform. 

Jeff also claims to be Mensa certified. If you didn’t already know, Mensa is a high IQ society whose membership requires a verified score within the 98th percentile or higher. It’s sometimes referred to as an international “genius club” by those outside the group. Although these claims remain unproven, this may help build Jeff’s credibility for some. 

 

Getting Started: Unlocking Your Free Trial

Bullseye Trades offers a 7-day free trial, with no credit card required, for those who are looking to test out the service. At least, this is the case at the time of writing (December 2021), and the policy may have changed by the time you read this guide. 

To register for the week-long free trial, navigate to Jeff Bishop’s Bullseye Option Trading website and input your first name and email address—then, click “Sign Up Today!”

 

The initial sign-up page. Source: Bullseye Trades

Next, check the email inbox corresponding to the address you just entered. There you will find an automated email from Jeff’s team that will guide you to the Raging Bull dashboard. 

From there—and this is where it gets confusing—you must select “Lost Password?” (even though you haven’t set one) and then check your email again for a prompt that will guide you through the account setup process. 

“Lost Password?”: The second step in the account setup process.

Once you have initialized your account, you’re free to log in to the Raging Bull dashboard and, using the left-hand navigation panel, select Bullseye Trades under Jeff Bishop’s profile tab. Your seven-day trial period commences on the day you create your account, during which you will have full access to the exclusive library of content as well as Jeff’s live broadcasts.

 

Bullseye Trades: Features and Benefits

There are five main features of the Bullseye Trades platform that users can take advantage of. Below, we’ll take a closer look at each of them:

  • Get Started + Welcome to Bullseye (Intro Tutorials)
  • Video Updates Archive + Weekly Update (Video Market Analysis)
  • LIVE Broadcast
  • Launchpad + FAQ Videos (Intermediate Tutorials and Strategy Sessions)
  • Bullseye Pick of the Week

 

Get Started + Welcome to Bullseye (Intro Tutorials)

New traders can get acquainted with the process of stock trading by watching Jeff’s collection of entry-level trading classes available to Bullseye Trades subscribers. Granted, these videos and text tutorials are quite basic and only teach the most rudimentary principles behind options trading in general, and behind Jeff’s trading system in particular. 

Screenshot from Video 1/5 of Jeff Bishop’s “Welcome to Bullseye Trades” series.

Nonetheless, these resources shouldn’t be skipped if you’re a genuine newcomer to swing trading or the world of options trading. For instance, Jeff Bishop makes a few things crystal clear in the opening statements of his “Get Started” memo:

  • Never chase trades 
  • “The market can stay irrational longer than you can stay solvent”
  • Weekly picks do not have to be filled on Monday
  • Always set a stop loss to protect your capital
  • It’s fine to wait and see
  • Don’t shy away from starting with “paper” money

 

The ideas listed above are far from new, but they certainly bear repeating. Although it can be said that Jeff’s approach in this section may be a little too elementary, it’s crucial that these basic trading principles are ingrained in every user before they get started. 

If you’re unfamiliar with the principles mentioned above, then Bullseye Trades is probably the right service for you. The fact that Jeff will walk you through what these ideas mean for the average trader is enough to justify the sticker price of the service, since you will walk away with the fundamentals of a rock-solid trading philosophy that can be applied throughout your lifetime. 

 


Screenshot from Video 5/5 of Jeff Bishop’s “Welcome to Bullseye Trades” series.

 

Video Updates Archive + Weekly Update (Video Market Analysis)

Whether you are an intermediate trader looking to take your practice to the next level or a first-time trader, Jeff’s weekly update archive packs a ton of value. 

Although some of the earlier videos are a bit outdated, each of them contains a follow-up post that analyses the mistakes made or the principles behind its success. For example, Jeff recently spotted Deere & Co. (DE) as a potential “squeeze” stock. He outlined his DE play as follows:

Jeff’s Deere & Co. options play as of December 6th.

 

The following day, after finding that DE had far exceeded his buy levels, he abandoned his plan. Amid high-flying tech stocks, Jeff initially thought he could capture the upward price movement of a farm and agriculture machinery company. However, DE outpaced his expectations by hitting $366 per share, and he ended up missing the trade since he had placed buy limits. 

Deere & Co. stock chart as of December 7th, far exceeding Jeff’s buy limits. 

 

We can learn a couple of things from this. First, it indicates that Jeff isn’t afraid of calling himself out when he loses a trade or fails to execute his plan. Second, it indicates that Jeff practices safe and responsible trading techniques—he wasn’t able to get the price he wanted to pay, so he moved on without forcing the trade. In short, he didn’t let greed get the best of him.

Smart traders are patient, and they manage their risk-reward ratio by placing limit orders. Although they can get in the way of executing a trade (like they did here), they also ensure that you don’t overpay for a stock or get caught holding a stock that has significantly fallen in value. Limit orders mitigate risk, thereby making stock options highly asymmetric investments.

Let’s take another example of Jeff Bishop using the Weekly Updates section to provide terrific educational value for customers:

In the above example, we see a technical chart of an ETF (QQQ) that tracks the Nasdaq-100, a large-cap growth index. Here, Jeff spots a head and shoulders pattern, which is a recurring formation in technical analysis that can help with timing your position.

To test Jeff’s prediction, I looked at the actual market data that came out in the days following:

Head and shoulders patterns between Nov. 26 and Dec. 1 Source: Yahoo! Finance

 

According to Yahoo Finance, the QQQ price rebounded from $393.96 (11/30, 3:50 PM) to $400.48 (12/1, 11:15 AM). As it turns out, Jeff’s suggestion that QQQ could form a head and shoulders pattern turned out to be true. That’s exactly the kind of formation we ended up seeing between mid-afternoon on November 30th and 3 PM on December 1st. 

If you had taken Jeff’s suggestion to heart, you could have profited handsomely off the price movement (~$7.00 per share). Although, of course, you would have had to time the trade correctly, which is an outcome partially attributable to luck.

As for downsides, we were slightly disappointed to see that Jeff’s video updates aren’t as regular as his newsletter-style updates. For example, as of mid-December, his most recent video update (seen below) is an 11-minute video posted on November 19th. 


Latest Bullseye Weekly Update as of Dec. 7, 2021 (Posted Nov. 19)

 

LIVE Broadcast

As a Bullseye Trades customer, you get exclusive access to one weekly live trading session broadcasted on the Raging Bull live stream platform. These streams do not occur at regularly scheduled times of the week, and are sometimes hosted with little notice. 

For example, we received an email (seen below) at 5:53 PM Central European Time (CET), which is 11:53 AM on the East Coast of the United States. In it, we were informed that the broadcast was already underway. Unfortunately, we weren’t able to attend at this time. 

However, previous Raging Bull live streams have gone off without a hitch. In the past, we’ve attended live broadcasts hosted on their platform without issue, and we found their discussions to be insightful and, more importantly, responsive to the audience’s questions and comments. If you’re keen to ask Jeff a question directly, you can do so every week during his live trading sessions—that is, if you can tune in on time. 

Weekly Bullseye Trades Live Broadcast Alert Email

 

Launchpad + FAQ Videos

In case Bullseye Trades didn’t have enough educational resources already, there are two additional sections containing hours of recorded trading lectures using real money: “Launchpad” and “FAQ Videos”.

As of December 2021, Bullseye Trades’ Launchpad library includes 17 videos that, between them, contain a combined 11.5 hours of in-depth guided lessons on stock trading. In our view, this is the ‘meat and potatoes’ of Bullseye’s real value. They address essential skills, chart reading tactics, and specified options trading techniques, such as:

  • The theta ratio
  • Momentum stocks
  • Candlestick charts
  • Call spreads vs. short put spreads
  • The market cycle
  • Placing put spreads
  • Macro-view market analysis

 

If you see a stock chart and don’t know where to start with your analysis, these videos are for you. They teach all the basic terminology, patterns, and principles behind options trading (and stock trading more generally) to prepare you for success in the market. 

While the majority of Launchpad’s video lectures are given by Jeff Bishop himself, others are hosted by expert guests such as Dennis Moffat and Michael Parks. These videos are particularly refreshing because they introduce an “outside” point of view to supplement Jeff’s analysis.

 

Launchpad Video (Aug. 9th, 2021): Jeff explains how delta ratios inform his call option strategy.

Finally, the FAQ video section contains an additional 11 videos, most of which are only 60 seconds or shorter. These videos feature Jeff answering the commonly asked questions he receives. He skips the fluff and cuts through the noise to deliver short and sweet responses that even beginner traders can understand with relative ease. 

For instance, in one video, Jeff responds to a student who asks: “How do I know if you’re still in a position?” In it, Jeff makes it clear that he sends out near-daily alerts updating his position status, while also reiterating that all of his positions are educational guidelines and are not meant to be followed. 

 

Bullseye Pick of the Week

The Bullseye “Pick of the Week” is a weekly email delivered to subscribers around 9 a.m. EST every Monday morning, right before the North American markets open. The timing of the emails provides a short window of opportunity to take a position before trading begins on the New York Stock Exchange or Nasdaq. 

Not only does Jeff provide a rationale for his weekly pick, but he also adds a short analysis of the market as a whole so you can get an impression of his sentiment regarding future price activity. 

However, the analyses tend to be quite brief. It’s not until later in the day (or week) during Jeff’s live streams or “weekly updates” that he expands on his rationale and gives an update on his position, including specific buy limits and strike price figures. 

Intro to Bullseye Trades’ “Pick of the Week” for the Week of December 6th, 2021.

Believe it or not, we consider the “Pick of the Week” feature to provide the least amount of value relative to other features on the platform. Like Jeff says time after time, his weekly picks are not meant to be taken as financial advice—rather, they are one of many educational tools offered by Bullseye Trades to help inform your personal options strategy. 

 

How Often Are Jeff Bishop’s Picks Winners?

A key question on many of our readers’ minds is whether the stock picks mentioned on Bullseye Trades are actually winners. That is, we’re often asked whether trades executed on stocks mentioned in the “Pick of the Week” lead to profits more often than losses.

The short answer is that, yes, these stocks certainly can reward traders with excellent profits. However, since Bullseye Trades doesn’t provide personalized financial advice or trade instructions, there’s no way to tell whether a stock pick is objectively a “winner”. 

These stocks aren’t “duds”, but they do tend to be more volatile stocks or stocks that are especially primed for intraday price movements. As a trader, these are the kinds of assets that we should be looking out for in order to capitalize on market fluctuations (downside or upside). 

 

Testing Jeff’s Weekly Picks: John Deere & Company (DE)

Jeff’s most recent “Pick of the Week” is John Deere (NYSE: DE). If you had followed Jeff’s price tip on Monday morning, you would have closed for a sizable profit on Friday. 

At the time of Jeff’s Monday morning email alert sent on December 6th, DE was opening at a price of $349.42

Here’s the chart to prove it:

Jeff’s Pick of the Week (DE) priced at $349.24 as of 9 a.m. EST on Monday, December 6th.  

In Jeff’s email on Monday morning, he wrote the following about DE’s likely price movement in the week ahead:

Here, Jeff predicts that bullish pressure DE could squeeze the stock price to $360 or higher.

Fast forward a few days and, as it turns out, Jeff’s prediction is correct. As of 11:38 EST on December 9th, DE’s stock price is $361.83 (representing a gain of about +3.7% since Monday’s open). 

DE stock price at $361.83 (up +3.7% from Jeff’s call three days prior). 

Although a sample size of one isn’t convincing in and of itself, the DE case study proves that Jeff’s intuitions are sometimes correct, and can prove to be highly profitable if capitalized on wisely. 

However, it’s also possible that Jeff’s predictions backfire. 

In the previous week’s stock pick, Jeff suggests that FuboTV (NYSE: FUBO) might rebound from about $20 per share to around the $25 mark: 

From Bullseye Trades’ “Pick of the Week” for November 29th, 2021.

This optimistic take failed to materialize as the FUBO price continued to fall through the week. As seen below, the stock price for FUBO fell below Jeff’s stop order of $19.80. These potential losses, however, can be minimized by setting stop losses comparable to Jeff’s.

FUBO stock price following Jeff’s bullish trade plan on November 29th, 2021.

Ultimately, it’s at the discretion of the customer (or the “student”) to read the market themselves and to time their trades correctly to profit off the stock’s price movement. Make no mistake; every stock mentioned by Bullseye Trades has the potential to earn you money, depending on how you execute the trade. 

 

Bullseye Trades: The Mobile Experience (iOS/Android)

As of December 2021, the Raging Bull app is currently available for free on the Google Play Store and App Store under the name “RagingBull Alerts” and is in beta. 

After logging into your account via the mobile app, you are presented with what is essentially an RSS feed of the Raging Bull alerts to which you are subscribed. However, each entry in the feed redirects to a login portal in your mobile browser in order to view the entire piece of content. 

In other words, Bullseye Trade (and Raging Bull, more generally) has a long way to go until their mobile experience can be considered up to snuff. 

For now, their app’s main benefit is to generate push notifications on your device when Jeff releases a new alert. However, customers already receive an email every time this happens, so the app is rather redundant if you have email notifications enabled.

The “RagingBull Alerts” app (left) versus the mobile browser experience (right).

 

What Does Bullseye Trades Cost?

For a full-year membership, Bullseye Trades costs only US$48, which amounts to just $4 monthly or less than one dollar per week. In other words, if you earn, on average, more than one dollar on your trades every week, then Bullseye Trades effectively pays for itself.

In our view, Bullseye Trade is very competitively priced. For the amount of value provided, the cost is more than fair, especially when compared to the cost of competing stock alert services (and even other Raging Bull products). 

Note, however, that Raging Bull products are set to automatically renew at the end of their subscription term. If you wish to opt-out of auto-renewal, login to your Raging Bull account and follow these steps:

  • Select “View Subscriptions” from the RagingBull Dashboard
  • Click on “Cancel” in the upper-right corner of your Bullseye Trades listing
  • You will retain your active membership until its expiration date
  • To opt back in, simply select “Reactivate” in the upper-right corner

 

Disclaimer and Refund Policy

Perhaps the most important consideration to keep in mind if you’re going to use Bullseye Trades is that none of the stock picks on the service constitute investment advice. 

The stocks mentioned on the platform are meant to be informational and suggestive only, and there is no guarantee that any trade will generate a profit—all of this is disclosed in the service’s terms and conditions. Rather than “follow” the stocks brought up by Jeff, customers can learn investing principles based on why these stocks were selected.

Unfortunately, many Raging Bull products are non-refundable. There are many reported cases of customers not being able to secure a refund on products they have purchased from the site. According to Raging Bull, this is due to the fact that their services have an immediate pay-off, and therefore they don’t issue after-the-fact refunds as a matter of policy.

Therefore, no Raging Bull services are refundable unless you cannot access the product or service. This is quoted directly from the company’s Terms of Service below:

Refund policy within Raging Bull’s Terms of Service

The good news is that you can take advantage of their 7-day free trial to see if the service is right for you without assuming any risk. There’s no credit card required, and you can get up and running within minutes.

Although it would be appreciated if there were a limited-time refund option, it makes sense why they wouldn’t be allowed given that customers immediately benefit from the service’s vast media library.

 

Final Word

For novice traders and outright beginners, Jeff Bishop’s Bullseye Trades is an excellent investment. Unlike your typical “trading gurus”, Jeff Bishop doesn’t limit his program to stock alerts and “pick of the week” emails. Instead, you get these services in addition to a full option and swing trading masterclass, plus an entire library of video tutorials and walkthroughs.

Jeff has said it himself that he considers trading education to be the most important aspect of his services. The real value of Bullseye Trades comes from the wealth of trading expertise that Jeff shares in his videos, in collaboration with other industry partners, gurus, and experts. With Bullseye Trades, you’re more a student than a customer.

Given its competitive price point at $48 per year, and seven-day free trial, there’s no reason not to give Bullseye Trades a shot. Although every pick won’t be a winner, you’re likely to win more trades than you lose if you apply Jeff Bishop’s teachings to your personal trading philosophy—and, as traders, we can’t ask for much more than that.