high entertainment, leave your wallet at home
I echo most of the criticism leveled at John and his site.
Where to start with this train wreck?
Lets' start with the most annoying figure, John's side-kick and clearly the BEST paper trader I have ever seen. The site's Yosemite Sam, also known as RPM. RPM has been responsible for a lot of great technical features, bells and whistles etc for the site, but the guy needs to either trade or shut up. His affliction is as most paper traders, great on paper, but whenever his wife lets him trade he proves the reality of this situation, which is that all he does is lose, lose lose. ES-mini, FB whatever. It does not matter. To hear him, for free thankfully, should be a lesson as to why he and John should just be ignored by any real trader, trading enough of their own money to warrant it being more than just a gambling habit and not a profession that it is.
RPM it seems to me has some pretty serious mental issues, and I suggest you verify for yourself by all means as he regularly invites you into his barn (home) gives you daily run-downs of his health issues, wife's shopping habits (follow along LIVE, because hey he is a tech freak and this is NOT a stock trading service after-all. haha) Want to contribute to "Bobby's" this or that in school? Why not? Want to discuss why the cat (in the barn) keeps eating Styrofoam peanuts or network cables? Well you can follow along there as well. I could go on and on but you get the picture. John let's this mental act on, mainly on Fridays, because he's become less and less available and needs time off from all of that great work he does buying stocks like a 'pro' in a market that hasn't gone down in the last 5 years haha.
This brings us to John. Great primer if you're a new trader but unfortunately you will, if you are like most people, get an incorrect assumption as to the professionalism and talent that he does not really posses.
The assumption is that since john has been profitable since inception that he clearly MUST know what he is doing and that he needs to be paid for a service you could not randomly perform on your own. Don't forget he claims you can 'make a living' at this. He himself trades less than 1% of his net worth and makes on an average year about $25,000. In a bull market. Hardly 'making a living' and there's the rub. For anyone to actually make a living at this, they would have to put enough into the game to make it count. John does not do this. What is worse, is that all he is, is a bull and he will get crushed when the market finally pulls back. Case in point is the most recent actual correction in 2011. John being nothing but a total bull will gladly buy the top of every market. He simply refuses to believe that we'll ever drop and if we do here is an example of how it has and will again, work out for him. In 2011 he bought GS pretty much at the top-tick. 160+ He held it ALL THE WAY DOWN and finally puked it out at around $92. You know, AFTER the risk had come out of it. What a damn fool.
If anyone had actual real money on the line and did the nonsense that he does, not only with GS but all the stock at that time that he held, the member would be crushed.
You don't judge a trader when everything is doing well. You judge the quality of a trader when things are not going their way and by this measure, this guy (John) is as bad as anyone out there.
Mark my word, when the market once again pulls back, he will once again show his true, non professional colors and crush his members. He himself will not get as hurt because the members pay for his losses and his living. He does not make a living from trading. He sells you a 'bull' story in a market that hasn't gone down in 5 years, so I ask a simple question, who ISN'T, even RANDOMLY chosen, 'up' in this time-frame?
The hard look needs to be explored. You're paying for a 'service' that essentially under-performs a simple SPY buy and hold.Yes that is correct. John has had the best 5 year run he'll ever see and he grossly underperformed, in full pro-staus, a simple buy and hold of the index. He is a lot like most other stock services i see in that regard in that they under-perform with greater risk, a simple buy and hold strategy. You don't need to pay for such nonsense. Buy an index etf and save the monthly payment to add on pullbacks. There, I just gave you a better idea. It was also informed and free. Don't be fooled by causation.
It remains to be seen, but as of this writing the market is starting to waffle a bit so you may yet get another front row seat to watch this dart-tossing idiot, if we ever break. He's already bought the top tick to date and i suspect he'll buy all the way down and puke out huge losses at or near a bottom and then they'll start all over again. You can do that yourself, i guarantee it. Most do. John is no exception. Sit in your SPY, your XLP, your QQQ your XLY and you will handily beat this guy. He has no skill worth while.
Personable, yes. Nice guy, yes. Professional? Not a chance. He's a market simpleton. He's a bull in a bull market. That's all he is and not one bit more.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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