A client's perspective
I have been a Jason Bond client for almost 2 years. I think that the name of the service may be causing a lot of misaligned expectations. Yes. Technically Jason offers a stock picking service, but I think it has quickly evolved into a much broader online trading community for traders at all levels.
I'd like to address some points I consider important about the service:
Response Time: I have been personally emailing Jason regularly since I joined his service. I have never had a late reply or an un-replied email. Same thing goes for chat.
Billing: it's done quarterly. Once over a year ago, my account was not renewed automatically for some reason and I was locked out of morning chat. The issue was fixed within minutes.
The Chat Room: it's omnovia based like most other services. I don't love omnovia technology, specially if you're on android. Fortunately, the people in chat and their extensive knowledge of the equity markets greatly outweighs my personal dissatisfaction with omnovia. Truthfully, it seems to be the standard for online trading rooms these days so it's hard to complain without any alternatives.
The trade alerts: email,chat and text. There were some growing pains which i believe have been overcome as fast as delivery times.
Jason's Ego: I laugh when I see these comments. Since when did having a big ego turn into a bad thing? I've always considered the size of your ego beneficial or detrimental depending on the type of results you produce. If you're a losing trader with a big ego, you will have great conviction in losing. once you have found a winning strategy, it takes a strong ego to put 5-6 figures worth of cash behind your trading idea. big ego's are annoying at RAP contests, but keenly necessary when leading a community of traders and putting your money where your mouth is. So stop ragging Jason about his ego. I've never met a successful trader who didn't have one. If you plan to be successful in this business you better keep yours well nourished.
The Traders: This is where I think this is a community unlike any other. Jason and the rest of the moderators seem to care deeply about your success and learning. Luke and the rest of the moderators often stay late into the evening after Jason's webinars to answer questions and present their own material and views. They all answer questions in chat during the day and are very helpful in sharing their views of the market place. Wallstreet is a dangerous and hostile place. It helps to have such a cohesive group looking for trade opportunities throughout the day.
For people really looking to learn how trading works from behind the curtain, this is a great service.
Here are a few musts you have to embrace if you want to be successful making money from Jason's picks:
1-Learn his materials including his "basics of swing trading". It’s not an advanced course, but it’s quite thorough and will get you to the point where you can execute trades. You should definitely learn technical analysis well. Jason himself reinforces that in this videos.
2-learn how to use your trading platform properly. if you're trying to figure out how to place a trailing stop once you're already in a trade, you shouldn't be trading at all.
3-learn money management: Jason's strategy of buying continuation patterns and oversold bounces works extremely well. However, poor discipline and money management will nullify any gains you make throughout the year. This isn't Jason's fault. it's the market. if you practice sound money management, you could be profitable with only 30-50% winning trades as long as you manage your account well. it's a skill and it needs to be learned.
4-learn basic technical analysis. If you can't read a chart, in my opinion you have no business trading. There is no free money on wall street and you should not expect that buying/selling around the time JB bought will necessarily make you money. You need to have your own confirmation that the trade works for you by the time you get the alert. Money management and technical analysis education are two mantras that never seem to flow out of Jason's lips for good reason.
The legendary trader Ed Seykota once said:
“Win or lose, everybody gets what they want out of the market. Some people seem to like to lose, so they win by losing money.”
You could replace "Market" with Jason Bond above. It seems to me like a lot of people join that service with total disregard for his strategy, his extensive list of video tutorials and his guidelines. They expect to be spoon fed trade alerts that don't move in price until their order gets filled and then magically sky rocket as soon as their market maker releases his shares When that doesn't happen, they wonder why things aren't going well and then accuse Jason of "front running". I guess that's the challenge of dealing with an uneducated audience. if you're joining JBP to be able catch those kinds of moves, you're going to have mixed results. That's simply not how wallstreet works. That being said, Jason posts most of his trades in the Watchlist the night before with his entry and exit levels and his reasoning behind that. This puts his clients at a big competitive advantage. It's usually the people who can't even find the watchlist on the site who end up posting non-sense on investimonials.
There's a direct correlation between results and strategy. Jason or one of the moderators alerts a few monster swing trades a week. If you practice sound money management and add to winning trades while cutting losing trades quickly, you will realize huge gains. If you execute poorly and fail to manage your account, you could be in the same trades and be flat or red. What does this mean? Here are some examples in the last quarter: CRRS, RSOL, GLUU, ZYNGA, etc etc. all of these were alerted by either Jason or one of the moderators between Sept. and Nov as a swing trade alert. If you executed poorly, you might have managed to lose despite the huge runs in those stocks. In short, alert's help, but the real gem of Jason's service is the teaching so you can actually execute trades with higher profit and fewer losses while maintaining an thriving room community for more active traders.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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