Hello and welcome to my review of Andrew Keene's “The Extra Income Project.”
I discovered this on the Money Map Press website where Andrew Keene, the man behind it, says this “project” gives you the chance to put $2,500, $5,000, $10,000, or more in your pocket every Thursday.
And apparently, all it takes it just 30 minutes, 3 days a week!
Sounds awesome, but those are some pretty bold claims. So I decided to take a closer look at the system to see if it's legit, or just another scam. Because it's easy for someone to make bold claims, but whether or not they actually deliver is another story.
What did I find?
Basically what I found is that The Extra Income Project is a presentation for a service called Project 303, which thankfully isn't a scam. Project 303 is a legitimate trading service that shows you how to make money trading the market and it only costs $129.
And Andrew says that by signing up, he'll give you up to 52 “double your money” trade recommendations over the course of your 12 month subscription. Basically, the idea is to log into the virtual trading room and follow the trades Andrew is placing.
Which is an exciting prospect given that he's an expert trader with many years of experience, and could give you the chance to make a lot of money.
Would I recommend it?
Well, the truth is, after reviewing 100's of stock picking services over the years, there's really only ONE service I recommend. It showed me how to 4X the S&P 500, invest better, and grow my wealth – without having a degree in finance. And you can see exactly how it works here.
That's me though, you may find it's worth joining. So let's take a closer look at what it's about and how it works, to help you decide if it's right for you.
What Is The Extra Income Project?
As mentioned, The Extra Income Project is a presentation for a service called Project 303. Basically it's just a clever way to promote Project 303 which is his $129 trading service.
So the real question is, what's Project 303 about?
Project 303 is a trading service developed by Andrew Keene, who works with a company called Money Map Press. Andrew is an expert trader who's made millions of dollar trading the market, and by joining the service he shows you the trades he’s placing.
According to Andrew, Project 303 is based on the S.C.A.N algorithm he developed. Which apparently looks at millions of trades each day that are taking place on Wall Street in order to discover “hidden opportunities” to profit. Apparently, S.C.A.N detects small groups of “possible insiders making mysterious trades shortly after the market opens.”
And once he finds these trades he shares them subscribers. Which, according to Andrew, could put $2,500, $5,000, $10,000, or more in your pocket every Thursday. And all within just 30 minutes a day, 3 days a week (hence the name “Project 303”).
It certainly sounds exciting.
Given Andrew’s track record of success and the reputation of Money Map Press, the potential to make money here is pretty darn exciting. Especially when you consider the fact that you can get your money back within 60 days if you're not happy with the service.
But regardless of the system you’re using, or who's behind it, there’s always a high level of risk involved when it comes to trading. So l think it’s important to be realistic and consider the potential risks involved, especially since it’s your money on the line.
How Does The Extra Income Project Work?
To get started, all you need to do is signup for $129 on the Money Map Press website, which gives you access to Andrew Keene’s Extra Income Project/Project 303 trading system. And this basically includes three trading sessions within his virtual trading room each week.
According to Andrew, the Project 303 trading method is based on his proprietary S.C.A.N algorithm. Which is an acronym that stands for Spot the tell, Confirm the signal, Automate and execute and Net worth boosted.
This is what he says he uses to identify and share winning trades with you.
Here's an overview of what is included with a Project 303 membership:
- Trade recommendations: Three trade recommendations each week which take place in the virtual trading room every Monday, Wednesday and Thursday between 9:00 to 9:30 a.m.
- Project 303 Weekly Wrap-Up: Once each trade is setup, Andrew emails you on Friday to let you know where you stand going into the next week.
- Trade alerts: These are basically alerts that are sent out via email to let you know when Andrew recommends buying and selling.
- Fast Track to Financial Freedom Training Series: This is a training that shows you how to get started and how to “paper trade.” Which means trade with fake money until you're comfortable with what you're doing. And it also includes a bunch of useful insight by Andrew to help you become a successful trader.
- Free Subscription to Profit Pregame: Every morning before the market opens Andrew addresses breaking news stories and answers questions like what is happening in the market and how to profit from what is happening.
- Member website: As a member, you get access to the member only website which includes training archives and trading session recordings. Which I think is super helpful because watching how successful people trade can be a great way to learn.
So as you can see, there's a lot of value on offer here for $129.
When you boil it all down though, the main benefit of the service is getting access to Andrew's trading strategy and the trades he's placing on a regular basis.
You do get access to some great training, but at the end of the day, you're really putting your faith in Andrew Keene's recommendations.
Who Is Andrew Keene?
Andrew Keene is the man behind Project 303 and he works with a company called Money Map Press which is the company actually selling the membership.
He's also a professional trader with an impressive track record. According to his Money Map Press profile page, he was one of the biggest market makers at the world’s largest options market, the Chicago Board Options Exchange.
And he achieved multi-millionaire status before he even hit 30.
But it wasn't all rainbows and sunshine. The story goes he lost it all within a few months and ended up at a Buddhist temple in Thailand, which is where he discovered S.C.A.N. And he says this helped him turn his last $100K into $5 million within a couple years.
Today, he shares his trading strategy with subscribers of Project 303 as well as other subscriptions like The 1450 Club, through the Money Map Press website.
Is The Extra Income Project Legit?
No, The Extra Income Project isn't a scam because it's really just a sales presentation or “concept” used to sell Project 303. Which thankfully isn't a scam either in my opinion.
Project 303 is a legitimate service run by a real trading expert, with the help of Money Map Press, which is a legitimate company with a good reputation in the financial publishing space.
I wouldn't expect to get rich overnight, but Project 303 could potentially help you make money trading the market. And it’s geared for people who are looking to make money trading just 30 minutes a day, 3 days per week.
With that being said, I do think that, as with any type of trading, there’s risk involved. I mean, if you follow Andrew’s advice and place trades that go according to plan, you win. But if you place trades that go against you, which is virtually guaranteed to happen at some point, you lose.
There’s not a single trader on the planet who wins every time. So when it comes to trading, what you're hoping is that your wins outweigh your losses over time.
It’s that simple, really. So if you do buy this service, understand that you are going to lose money at some point. The only question is when and how much.
The good news is, as a member of Project 303, you are getting every chance to profit by following what Andrew recommends. And he provides access to previous session recordings and training, so you have the chance to learn and educate yourself a lot before rushing into anything.
This is especially true if you start trading with a demo account. And the subscription comes with a 60 day money back guarantee. So, depending on how you approach it, you can minimize the risk.
In any case, as long as you understand the potential risks and the fact that there are no guarantees, you may find that Project 303 is a worthwhile service.
Andrew Keene is a real trading guru who shares a lot of value with people. So it’s possible that by joining Project 303 and following his tips, you could end up making money. And let's be honest, the thought of making an extra $2,500 to $10,000 each week is pretty exciting.
On the other hand, trading is risky and you’re essentially just following what someone else is doing. Which sounds good in theory, especially since Andrew is an expert, but it's always important to know what you're doing if you want to be successful.
So if you do decide to join, it might be worth educating yourself further, both with the information Andrew provides and from sources outside Project 303, so that you can be more confident in what you are doing and give yourself a greater chance of success.
Either way, I personally don’t make a habit of recommending stuff like this. Not because I think it's a scam or anything, but because trading is just too risky for my liking.
That's me though, what you decide to do is up to you.
I'm not affiliated with Andrew Keene or his service, so my aim with this review was never to convince you to join, or not join, the service. As always, my aim was to simply share my opinion to help you make a more informed choice either way.
Hope you found this article helpful! My name is Jeff and I'm the creator of Mad Money Stacks. I started this site to help others avoid scams and share honest, legitimate methods of creating wealth in the stock market. Like my top rated service, that shows you how to 4X the S&P 500 and grow your wealth – without having a degree in finance. Go here to learn more.