I recently stumbled across Andrew Keene’s “Project 303” on the Money Map Press website. It’s basically a trading service that Keene says could help you make between $2,500 to $10,000 each week. And apparently, all it takes is just 30 minutes of work a few times a week!
Sounds amazing, but is it really legit?
Based on what I found, it is a legitimate service. But at the same time, not everyone who joins is going to make thousands of dollars each week. In fact, there’s a very real possibility of losing money, because as with any type of trading, there are substantial risks involved.
Read on for the full review.
What’s Project 303 About?
Project 303 is a trading service developed by Andrew Keene who works for a financial publishing company called Money Map Press. The core part of the service is getting access to the “virtual trading room” where, during a Live 30 minute session three days a week, members get to see what trades he’s placing. And the idea is to replicate those trades within your own trading account in order to (hopefully) make money.
The cost of the service is $129 and it does come with a 60 day money back guarantee, so it’s not very risky in that respect. And he guarantees to give you up to 52 “double your money” trade tips over the course of your 12 month membership.
This doesn’t mean his trade tips will pay off though, it just means you will get access to them. Whether they pay off or not is another story. But according to Andrew, lots of people are seeing success following his trading recommendations.
He says that anyone who joins has the opportunity to make $2,500, $5,000, $10,000, or more every week. Which is an exciting prospect. And it doesn’t take much time either – the sessions only go for 30 minutes and occur just three times each week (hence the name Project 303).
Here’s a video featuring one of Andrew’s trading sessions as an example of what to expect as a member:
The interesting thing about this service is that it’s very similar to another service he runs through Money Map Press, called The 1450 Club. These services work in pretty much the same way, using the same “proprietary trading algorithm” and boast similar payouts. But instead of costing $5,000 per year, as The 1450 Project does, Project 303 only costs $129.
So in some respects you’re getting a massive discount. But I wouldn’t be surprised if The 1450 Project, or some other higher priced service, was part of a future upsell. That’s often how these programs work. It starts at a low price point, and ends up costing more down the road. Which doesn’t make it a scam or anything, but it’s something to keep in mind all the same.
In any case, let’s take a closer look at how this system works and what you get as a member, so that you have a better idea of what to expect before diving in.
How Does Project 303 Work?
The idea behind Project 303 is to help beginner traders model what a successful trader (Andrew Keene) is already doing to make money within the trading world.
By signing up to the service for $129, you get access to a “live trading room” which is basically an online video conference where you get to see what trades Andrew places. And in attending these trading sessions, the general idea is to use what you learn to place the same (or similar) trades within your own trading account in the hopes it’ll pay off for you.
On one hand, it’s cool to be able to follow what a successful trader is doing and then use that information to make money. On the other hand, this can still be quite risky, because nobody places winning trades all the time. And instead of educating yourself, you’re kind of just blindly following what someone else is doing “hoping” it will work out.
How does his strategy work?
According to Keene, he uses his proprietary “S.C.A.N algorithm” to identify and place winning options trades. Basically, options are a more advanced type of stock market trading that involves speculating on future price movements.
S.C.A.N is an acronym for: Spot the tell – Confirm the signal – Automate and execute – Net worth boosted. And this is what Keene says his entire system is based on and what helps him and his followers make so much money each week.
Here’s a quick overview of what you get if you join:
- Keene’s Trade Picks: Members receive three trade picks each week which take place within the virtual trading room each Monday, Wednesday and Thursday between 9:00 to 9:30 a.m.
- Weekly Wrap-Up: Once all the trades have been placed for the week, Andrew emails members on Friday to summarize the trades he recommended and discuss the week ahead.
- Trade Alerts: Like most services, Keene sends his members trade alerts which are emails that let you know when to buy, hold and sell.
- Training: As a member, you also get a training series called “Fast Track to Financial Freedom” which shows you how to get started and how to do paper trading. Which I think is good because this can reduce a lot of risk. Paper trading means you’re trading with pretend money first, to learn what you’re doing, before advancing onto using real money.
- Profit Pregame Subscription: Before the market opens each morning, Andrew addresses breaking news stories and answers questions about what’s going on in the markets and with the trades he has open, and as a member you get access to this insight.
- Member Website: The member only website includes training archives and trading session recordings. Basically, everything you pay for and all the bonuses are located in one member only website.
Overall, assuming Keene’s trade recommendations make you even a fraction of what he suggests, there’s a lot of potential and value on the table for only $129. And there’s also a money back guarantee on offer. So, there’s not a lot of risk in giving the system a try from that perspective.
However, this most certainly isn’t risk free.
If you follow his trade recommendations and win, good and well. But if you follow his tips and they don’t go as planned, you could end up losing money. Which is virtually guaranteed to happen at some point because nobody can time the market perfectly. No matter how good they are.
So what you’re really hoping is that you come out on top on average. And since trades change all the time, whether or not you’ll come out on top is something you would have to determine for yourself as a member.
Who’s Andrew Keene Anyway?
Andrew Keene is a professional options trader and the man behind Project 303, as well as other services he runs such as The 1450 Project.
According to his Money Map Press profile page, he started out working in the financial markets at the Chicago Board Options Exchange and, after some ups and downs, became a millionaire at age 30.
Andrew attributes much of his success to the SCAN algorithm he developed. And these days he mostly focusses on helping others learn how to trade with the help of his algorithm and the company he works with, Money Map Press.
He also been featured on shows like CNBC and works with other finance and investing gurus that also work with Money Map Press, such as Tom Gentile, Keith Fitz-Gerald and Mike Ward for example. So he has a solid reputation and is known for providing a lot of value.
Is Project 303 Legitimate?
Project 303 is a real service developed by a Andrew Keen, who’s a professional trader, and Money Map Press, a legitimate financial publishing company which is part Agora.
I don’t consider it a scam because for $129 you are getting a tangible service that helps you trade. Not to mention, Keene guarantees to give you at least 52 trades throughout your 12 month membership and if you’re not happy within 60 days you can request a refund.
That said, there are no guarantees you’ll actually make money.
Because nobody can guarantee anyone will make money, regardless of the investing strategy, business model, or individual system. So you probably shouldn’t go into this expecting to get rich quickly and consider the risks involved before diving in.
Why do I think it could be a little risky?
Because firstly, trading is itself a risky endeavor by nature. No matter who you listen to or how good that person is, it is impossible to predict exactly how markets will behave from one day to the next with precision. So no matter which way you cut it, you are speculating on price movements which to me is risky.
Second, following what successful people, like Andrew Keene, are doing within their own trading accounts may in some respects be a good idea. But it also means you are very reliant on what one person is doing instead of educating yourself and making your own decisions. So the way I see it, you’re basically placing your financial life in the hands of a stranger.
Either way, it’s not a scam. But not everyone who joins is going to make $10,000’s. And I personally think it’s important to consider the potential risks before deciding whether or not it’s right for you.
Project 303 is a trading service that Andrew Keene says could help you make a lot of money each week. For $129 you do get a lot of value, and I don’t think it’s a scam or anything.
But I don’t usually recommend this kind of thing either. Simply because, to me, there’s just too much risk involved. In fact, most experts suggest that over 95% of traders end up losing money. Which means you could end up worse off than when you started if you’re not careful.
I’m not saying that will happen, but trading is risky at the best of times.
Which is why I personally prefer to create safer, more reliable passive income streams I can count on. Rather than speculating on whether or not a stocks price “might” go up or down.
But that’s me, you may find that you really enjoy this type of trading and don’t mind the risk, so it’s really up to you what you decide at the end of the day. Either way, I hope you found this review helpful!