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Dollar Ace Review

Dollar Ace
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  • Quality of Service
    Editor: 95%
  • Support & Communication
    Editor: 90%
  • Value for Money
    Editor: 85%

Dollar Ace Review Summary:


Kyle Dennis brings you his fifth trading and educational service with Dollar Ace. This is not the least expensive system on the market today by far, but you do get a lot of value and educational materials for your money. The only thing that might be better is more face time with the guru. You only see Kyle on the occasions when he records his longer trade alerts or produces a new webinar, which is unusual in a service of this price level.


Dollar Ace is an exciting new and already popular trading and educational service under the umbrella of Raging Bull. It is one of only five services operated by the highly successful trader Kyle Dennis. This option trading and education portal has a lot to offer subscribers. We look at the ins and outs of Dollar Ace to see what it can bring to your option trading strategies in this review.

WHO IS BEHIND Dollar Ace?

The founder of Dollar Ace is guru Kyle Dennis. Dennis was discovered by Raging Bull colleagues Jason Bond and investor Allan Marshal through the Bond competition called the Millionaire Roadmap, which Kyle Dennis won in its first year. Bond has as high a reputation for trading and educating as do rival legendary trading and system purveyors Toshko RaychevRuss Horn, and Jeff Bishop.

Kyle Dennis attained his deserved claim to fame through taking $15,000 in original investment capital and growing it rapidly into a stunning $3.8 million over only three years time. This astounding accomplishment earned Kyle the top place in Jason Bond’s Millionaire Roadmap contest.

Dennis tells his fascinating and unique story in his autobiographical book pictured to the right entitled the Middle Class Millionaire. Only several years before winning this Bond program challenge, Kyle was a penniless college graduate with nothing but literally thousands of dollars in debts. Fast forward to five years later and he was driving the challenge prize $120,000 Porsche model cabriolet. His astonishing vault from obscurity and poverty to wealthy stardom earned him a spot as one of the top educators and lead traders with Raging Bull when it was all said and done.

The young guru now has five different services that he offers to potential subscribers of Raging Bull. The well-established offerings include FDA Insider Alerts, Biotech Breakouts, and Sniper Report. His newer ones are Fast 5 Trades and Dollar Ace.

WHAT IS Dollar Ace? IS IT A SCAM?

In short: it is NOT a scam. Dollar Ace is the fourth major prediction, trading, and educational publishing service brought to you courtesy of Kyle Dennis at Raging Bull. In only a few short years, Dennis has become a very highly respected trader and effective educator of thousands of subscribers to the following much-loved services:

Further proof his success is that Dennis has the legendary fellow traders and colleagues at Raging Bull vouching for and standing behind him. These include Jason Bond and Jeff Bishop, both internationally renowned and followed traders and educators themselves.

Add to this a Forbes Magazine interview that talks all about Kyle’s journey of losing from $15,000 to $7,500 before going on to realize an impressive $10 million in profits (and counting) and you can see why there is nothing questionable about this guru’s trading services. Kyle Dennis is the real deal who not only loves to trade for himself but to teach others about how to do it successfully as well.

WHAT Dollar Ace IS NOT

Dollar Ace is not an auto trading robot or service of any kind. They also are not a brokerage or option trading platform. When you sign up for Kyle Dennis’ latest services, you will be required to seek out and establish your own discount brokerage trading account that allows for stock options trading. Some suggestions for this third party service are platforms such as Scotttrade, TDAmeritrade, and the ever-popular MetaTrader.

The disclaimers of the service also state that this is not an option or other markets’ trading prediction or investment advisory operation. Instead, it is merely a financial publishing and educational company. Any of their live portfolio trades or alert recommendations that you follow you do at your own risk. This policy allows them to operate independently of complicating SEC regulation and oversight.

WHAT SETS Dollar Ace APART FROM OTHER PRODUCTS?

Dollar Ace offers something that is hard to find in the world of options prediction and trading. This is education on how to trade and understand the intriguing world of stock options in domestic markets for yourself. Besides this, the service offers its guru par excellence who is a totally self-made success story in the world of stocks and options trading. Just look at his incredible journey to stardom pictured in the graphic below:

Kyle Dennis has enjoyed a meteoric and almost unprecedented rise to guru fame in only a few short years. This difference between their service and other rival services alone is enough to justify you trying out what he has to offer.

WHO IS THIS Dollar Ace SYSTEM SPECIFICALLY DESIGNED FOR?

Dollar Ace is most ideal for people who are new to options trading. It is also highly targeted for those who appreciate the value of a solid education in the underlying markets and trading fundamentals. If you instead prefer to simply receive an options trading pick per week that you can just manually trade and go on about your daily life, then you might be better served by signing up for the Raging Bull sister service Bullseye Trades offered by fellow guru Jeff Bishop, who was the original mentor to Jason Bond.

WHAT YOU RECEIVE WITH Dollar Ace

Dollar Ace is focused on educating members and showing them how to trade options on stocks successfully. When you join Kyle Dennis’ service, you receive immediate access to the following service membership benefits:

  • Dollar Ace Watch List – Before an option becomes selected for trading or elevated to an alert, it starts out here on the daily watch list
  • Regular Option Picks Alerts – Dollar Ace sends out option pick alerts via email and text message as they are generated by the proprietary system and his scanning the options markets
  • User Dashboard – Starts with the section Getting Started, which is worth reading one time to understand the background of the system and its methodology
  • Option Trading Ebook –  Kyle Dennis wrote his own primer on trading options entitled Dollar Option Trader. Dennis has a regular habit in this book of referring to his famous “unusual activity with options” strategy, which is the principal concept underlying Dollar Ace
  • Dollar Ace Trading Academy – Dennis’ trading academy is vast, linking to fully over 68 individual webinar styled recordings ranging from Trading Psychology to Day Trading
  • Dollar Ace Training Guides – Kyle Dennis has also put together several helpful training guides in ebook format. These are the “Seven Deadly Trading Sins,” “Biotech Trading,” and “Middle Class Millionaire”
  • Stock Options Guide –  We like that Dennis’ educational offerings are vast and varied. Under this program, he provides his paying subscribers with another 22 individual lessons. This will take you several good days to go through as it includes not just the text, but also videos, graphs, charts, and more, all produced by fellow Raging Bull guru Jeff Bishop
  • Video Training Five different lessons specifically on understanding and trading option calls and puts, along with the powerful proprietary options trading strategy that Dennis himself developed
  • Dollar Ace Trade Alert Videos – Kyle also produces some of his trade alerts in video format so that he can thoroughly go through the back story to the trade as well as the reasoning for opening or closing out a given position
  •  Real Time Streaming Live Portfolio –  The centerpiece of this particular service proves to be the Portfolio Live Stream. You can watch this portfolio that Kyle streams out in real time to understand what positions he is holding as exactly well as when he alters the portfolio. Kyle sells and buys his options, which are immediately reflected here, before he dispatches the text and email alerts
  • Customer Support – Dollar Ace offers a high level of customer service (via the Raging Bull customer services) to their gurus’ subscribers with contact options for email, online chat service, and their own in-house phone-based support

 

HOW Dollar Ace WORKS

Dollar Ace works on an intriguing principle that is more a study of human nature than anything. Dennis discovered years ago that sometimes important market players will put in a large trade for 1,000 or more options contracts. It stands to reason that this smart-money trader has some sort of knowledge on the underlying stock and company that the rest of us do not. This is even more the case when the option’s strike price turns out to be way out of the money. It implies that someone with deep pockets is confident the underlying stock is going to make an enormous move in one direction or the other.

Picture Kyle Dennis using his scanning tools, consistently combing through the markets and seeking out atypical options activity. When he finds one that meets his various other criteria, he will buy it in the live portfolio and then send out an alert to you. He further analyzes the underlying stock charts to find the best option contract to cash in on the anticipated movement in stock price.

Every morning, the subscribers to Dollar Ace get an abbreviated email that lists the possible stock option candidates which are stars on the watch list for that given trading day. As one triggers, Kyle will dispatch the alert to his subscribers as he opens, closes out, or changes an option contract position.

The Dollar Ace OFFERINGS

Dollar Ace gives its subscribers significantly more than merely the daily newsletter and periodic options trading alerts. It also offers its members a great variety of educational manuals, lessons, and videos online. You receive several other useful and helpful benefits with this membership to the service as well. We consider these in greater detail next.

Dollar Ace Watch List and Option Picks

Dollar Ace sends you a daily stock option watch list each morning. When one of the watched options hits its necessary triggers, Kyle Dennis and company send out an email and text alert to the members. This alert will include entry and exit point information, often complete with stop loss and profit limit targets. As necessary, they will update the exit targets during the week. There is no limit to the number of alert picks that the service can send out in a week, and since these trades are options that typically require relatively little capital with which to participate, there could be multiple open positions at any given time.

Dollar Ace Training Academy and Training Guides

Training is a huge part of what you get for the money with Dollar Ace. This starts with the trading guides and training academy. The trading guides link over to three ebooks that you can peruse at your leisure when you become a subscriber to the service. You get the following:

  1. 7 Deadly Trading Sins
  2. Biotech Trading
  3. Middle Class Millionaire

This will not prove to be the most highly valued portion of Dollar Ace’s many benefits, but its a fine bonus extra. The Training Academy on the other hand is truly impressive. This links to over 68 different recorded webinars that cover all of the following helpful topics:

  • Trading Platform Setup
  • Trading Psychology
  • Catalyst Trading
  • Day Trading
  • Swing Trading
  • Options Trading

One caveat is that these recordings were produced in years 2017 and 2018. When used in conjunction with the training course Stock Options Explained, members have more than enough information to comprehend all of the ins and outs of options trading on stocks.

Dollar Ace User Dashboard

Dollar Ace members-only area is navigated through their members’ dashboard. To the left of the Raging Bull dashboard you will find the drop down menu specific to the Dollar Ace service. This includes the live real-time portfolio, video training, options training course, access to ebooks, and more.

Portfolio

The core of this service is truly the live, real-time portfolio. Kyle Dennis streams this out to you in actual time so that you can always see what his full portfolio of current positions are. You are able to view what he has bought or sold quickest by keeping a sharp eye on this portfolio since he does not send out his alerts and emails on triggered plays until after he purchases or sells them here. Faster reaction times can help you to make you more money through gaining a better entry or exit price.

Trade Alert Videos

Kyle will also produce an occasional trade alert video to accompany changes to his portfolio as necessary. When he sells to close out or opens a more complicated position, he is more likely to do this. Watching the short videos will help you to fully comprehend the reasoning behind his actions. We like that Dennis does not just expect you to accept his trading recommendations carte blanche just because he made a trade for his own account.

Dollar Ace Trader Ebook

Kyle is also a fairly successful writer in his own rights. Besides the fascinating autobiography on his rapid rise to fame and riches through trading, he has penned an excellent options trading book entitled Dollar Option Trader. In 76 pages, he tells you exhaustively how to utilize the Dollar Ace service.

Dollar Ace Video Training

Dollar Ace has an impressive video training library that is all about lessons for trading and understanding calls and puts options. At time of publication, it was comprised of the following five core lessons:

  • Lesson 1: Option Calls and Puts
  • Lesson 2: Construct of Options
  • Lesson 3: Unusual Options Activity
  • Lesson 4: Options Under $1
  • Lesson 5: Portfolio Allocation and Risk

These video lessons are refreshingly to the point. As a paying member, you should definitely spend the time to go through the videos once or more to understand the nuts and bolts of trading stock options. The more that you know the better off you are.

Dollar Ace Stock Options Course

Dollar Ace members also benefit from an extensive options course called “Stock Options Explained.” There are 22 different lessons with it, covering most anything that you could ever imagine on general options trading. Jeff Bishop hosts and produced this series, meaning that it is truly world class. It is replete with videos and text, graphs and charts, all designed to bring the sometimes confusing world of options trading to life in an easy to understand, everyman kind of format.

The various services under the Raging Bull umbrella share this options course, so take advantage of the extra education included at no additional cost to improve your understanding of options and ultimately your ability to trade successfully. It can only help you to learn how to trade options, what they are exactly, what risk is involved with buying or selling them, and other topics that they cover in depth here.

Dollar Ace Customer Support

Kyle Dennis piggybacks with his Raging Bull umbrella service colleagues Jason Bond and Jeff Bishop to provide world-class customer service operations that benefit all of the members of the various Raging Bull services. They collectively offer technical and customer support via email, live chat, or phone.

Dollar Ace COST AND REFUND POLICIES

Dollar Ace offers two straightforward methods of payment from which you can choose. These are either the year long membership at $1,499 annually or the lifetime membership (in case you are already completely sold on the various Raging Bull gurus like Kyle Dennis) for a one-time payment of $2,499. If you pay for the year membership in advance, this is costing you $125 per month, which is really not so much for all of the educational materials, strategies, and various watch lists, portfolios, and trade alerts that you receive with the service.

Those prospective members who are still wavering will not like the standard Raging Bull refund policy. The company claims that you immediately gain the knowledge of their trades, analytics, and stats when you join. Because of this, they do not offer refunds under any circumstances to any member either in full or in part. If you are unsure of the service, it is best to only prepay for the year long membership and try it out to see how much it helps to improve your overall trading results.

FINAL ASSESSMENT – COST VERSUS VALUE OF Dollar Ace

Dollar Ace by Kyle Dennis is a unique service in that it provides a one of  a kind method for picking stock options trades. Besides this, you get great educational content in the form of lessons, videos, and recorded webinars to improve your financial and trading educaiton. Kyle’s service collects the short list of options that are worth watching then sends out real time alerts via text and email to let you know when to get in and out.

These kind of alert signals can be priceless, especially when they net you one-night gains of more than 100 percent returns. It is always a good idea to paper trade for the first few weeks while you develop your risk tolerance and gain a full understanding of options trading and the markets in general. This will help to ensure that you do not get your initial options trades wrong and blow yourself up while you are going through the inevitable learning curve.

Pros of Dollar Ace

  • Every day you get an email watch list in advance of the market opening.
  • Dennis' portfolio streams out continuously in real time so you always know what trades he is up to (even before the alerts go out).
  • You get these trade alerts comlete with options entry price, strike price, and reasoning behind the trade.
  • The added free educational content is comprehensive, covering everything under the sun on stock trading options.

Cons of Dollar Ace

  • Copying the trades may cause you to get a less advantageous entry price point as these are under one dollar option contracts.

Dollar Ace Review Summary


Kyle Dennis brings you his fifth trading and educational service with Dollar Ace. This is not the least expensive system on the market today by far, but you do get a lot of value and educational materials for your money. The only thing that might be better is more face time with the guru. You only see Kyle on the occasions when he records his longer trade alerts or produces a new webinar, which is unusual in a service of this price level.


Website: https://thedollarace.com

Editor rating
Rated 4 stars
User rating
Rated 0 stars