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Taking Profits

Our mission is to provide our subscribers with timely stock and options recommendations to help them meet their financial objectives.
 
 
 
79 Total Reviews
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5-Star       (57)
4-Star       (4)
3-Star       (3)
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Well Satisfied
I researched Taking Profits and Lou Russo for over a month before subscribing to several programs offered in July of 2011. The staff and...
hossien1983
 
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Displaying 11-20 of 79 Total Reviews
PERFECT. My $2,500.00 is now $16,221.00
I started the 5 Star Swing Trader for Spy Options in June and listed below every trade executed in my Global account using auto trade. I know this may sound not believable but I took the the chance and rolled everything to each new trade. I started with $2,500.00 and today, as I write this,

my Global account sits at $16,221.63 today. Anyone doing the math it comes to 648% increase in my original investment in only six months. GREAT JOB, LOU. Thanks and please keep it up. timinalbany@gmail.com

6/28/2012 Buy Calls Jul 135 Calls + 25.00%

7/5/2012 Buy Puts Jul 135 Puts + 22.00%

7/13/2012 Buy Calls Aug 135 Calls + 27.00%

7/20/2012 Buy Puts Aug 135 Puts + 31.10%

7/26/2012 Buy Calls Aug 135 Calls + 9.25%

8/6/2012 Buy Calls Sep 140 Calls + 57.50%

9/11/2012 Buy Calls Oct 144 Calls + 7.90%

9/24/2012 Buy Calls Oct 146 Calls + 10.77%

11/8/2012 Buy Puts Dec 139 Puts + 9.07%

11/26/2012 Buy Puts Dec 140 Puts + 17.79%

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Excellent
5 Star Swing for Spy Options. Here are my 12 trades, dates, position, profit, gotten from Lou.I took the risky road and rolled all my money into every next trade starting out with $1,200.00 and now worth $14,965.00. Going forwardfor a while I'm going to cut back nad allocating $5,000.00 per position. There aren't a lot of trades as it seems the signal is discretionate and not a high frequency output. I'm entering positions myself and obvioulsly extremely happy with the results.

5/22/2012 Buy Calls Jun 130 Calls 27.50%

6/6/2012 Buy Calls Jul 130 Calls 57.50%

6/20/2012 Buy Puts Jul 135 Puts 15.00%

6/28/2012 Buy Calls Jul 135 Calls 25.00%

7/5/2012 Buy Puts Jul 135 Puts 22.00%

7/13/2012 Buy Calls Aug 135 Calls 27.00%

7/20/2012 Buy Puts Aug 135 Puts 31.10%

7/26/2012 Buy Calls Aug 135 Calls 9.25%

8/6/2012 Buy Calls Sep 140 Calls 57.50%

9/11/2012 Buy Calls Oct 144 Calls 7.90%

9/24/2012 Buy Calls Oct 146 Calls 10.77%

11/8/2012 Buy Puts Dec 139 Puts 9.07%

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Spy options made me 30%
I have been with Lou and Taking Profits for a little over a year and one half. I orignally started with the Presidents Club for my IRA stock portfolio which has performed very well increasing my account by 27.32% so I am very well satisfied. Last June I ventured into the Forex market with surprising results. I commited $8500.00 to a standard account and traded $100,000.00 (margined) to each trade having doubled my money. In August I added the 5 Star Swing Trader for SPY Options and since experienced 3 trades and 3 profits of 9%, 10%, and 7.5%. Needless to say my experience has been more that satisfying and I recommend these services to others.

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Very Good 10 Timer Report
I have the special Situation Report "10 Timer" and love it. There are unknown companys that the upside poential is fabulous. When I bought the 10 Time the 5 Star Swing Trader for SPY Options came free so I traded $2500.00 into the SPY program and so far received 3 trades and all 3 trades profitable so I profited $575.00 since trading 2500.00$. Very good and I rate both a 5 stars

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Excellent Option Trades
I HAVE THE 5 STAR ON SPY OPTIONS AND HIT ON 3 OUT OF THE FIRST 3 AND I MY ACCOUNT IS UP 33.1% IN A LITTLE OVER A MONTH. I TRADE WITH AMERITRADE. I WENT DOWN THIS REVIEW FOR LOU AND ITS OBVIOUS TO ME ANYWAY, THERE ARE A LOT OF LEALOUS COMPETITORS WRITING SOME BAD THINGS HERE. I THOUGHT THIS SITE WAS TO GIVE REVIEWS BY ACTUALLY USING THE SERVICES BUT THAT IS NOT THE CASE. THERE ARE PEOPLE HERE JUST LYING SO TO ME IT'S COMPETITORS BASHING LOU. I JOINED THE 5 STAR FOR SPY OPTION IN SEPTEMBER AND THERE HAVE BEEN 3 TRADES, ALL PROFITABLE AND ALL MAKING ABOUT 7-10%. MY $10,000.00 IN NOW UP TO $13,160.00 AFTER COMMISSIONS. LAST TRADE WAS A DECEMBER 139 PUT. I DEFINATELY RECOMMEND THIS SERVICE.

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5 Star Swing a WINNER
Excellent SPY Option Trade. I'm profitable with both trades, 2 out of 2 since starting. EXCELLENT COMMUNICATION. UPDATES ARE DAILY. I am making money from the SPY Trades. Bought the 146 Call at $1.62 and sold at $1.85 and the one before got a 144 Call bought at $2.12 and sold at $2.32.

Don't know why I see negative reviews here as it possibly could be competitor bashing using fake names would not be surprised. That's my guess. Like the commerical, If it's on the Internet is has to be true



richardheyteg@yahoo.com

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Lost 40% the first day.
This is the "The 5 Star Swing - Options on the SPY". They advertise "31 out of 32 trades profitable" "Limit Orders used" (NOT!) - "Stops on all trades - Low draw down" (NOT!)

The order to buy a call arrived at the very top of the market, and by the next day it was down 40%. I expect it to be down 75% or more by tomorrow. No stops were ever sent as advertised. Worst timing ever.

No wonder there are no trial periods or refunds. You will eventually lose all of your money if you were gullible enough to trust them.

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What happened????
I was reading all the great reviews on Taking Profits and made about 10% in May, but what the *&%$ happened Lou? I joined because this was supposed to be a conservative investment. I am patient and I will give it a year, but man...my account is down 30% since joining. I will be patient and I know it will come back. I have faith in you man.

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Not a premium service
I joined in mid June after reading all the positive comments on the Power option and Spread Trader Programs. I called and talked to Lou about the program and he mentioned that maybe 3 times a

year a position would get in trouble and he knew how to hedge it and get out without much of a loss.

Since I sent my $2500 to Lou I have seen him work out of one bad trade well and let the others to to the maximum loss of about 80%. The maximum loss trades outnumber the winners so it isn't hard to understand why my account is down 40% in 2 months. A bad trade is normally left for maximum loss with no adjustments. Customer service does not exist as e-mails and phone calls are ignored. The only updates are statement of the open positions about twice a week. Be careful people before sending any money and beware of the lack of customer support.

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Way too Risky!!!
On December 27 3 spreads were sold in the SpreadTrader portfolio all close to the money and betting the markets would go down or stay flat. The markets have rallied huge and the positions are rolled each week at market for further losses. Eighty percent of the portfolio now has a value of "0" the losses fighting the trend keep adding on.This is a terrible program.

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Beware when cancelling
Beware when canceling

Read the fine print. I tried to cancel a full week before my three months were up but found that I had already been charged for the next three months. When I emailed about why they replied that the agreement states that a month is 20 business days. Had I noticed this before hand it would have raised a red flag and I would have never subscribed. I have had many subscriptions over the years and this is the first. A month has always been a month. It never occurred to me that a year or a month could be redefined.

It’s like going into a grocery store to find out their pounds are only 14 oz.

I subscribe on 4/4 so my three month subscription was to be over on 7/4 and I put my cancellation request in a full week in advance , 6/27. They told me that my subscription was up on 6/26.

I decided to keep my auto trade going for another three months since I already paid for it and now have tripled my losses. They continue to make one bad call after the next.

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