TheGoldAndOilGuy.com

fluff no substance

His previews sound good but that's about it. He hedges on both sides and in the end you are left with nothing actionable.

Ask him for his real track record. I.e. ask him for his brokerage statement.

He will not produce it. Enough said.

I always ask before I try a service.

This guy for instance is real (verified live trades):

http://www.mt4i.com/users/utg/stats

Zarni0

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The commentary was somewhat worthwhile...

I signed up because Chris ran a special, and the free weekly commentary I read seemed fresh and accurate. From there, I don't know what happened. When reading it daily, the commentary seemed stale and indecisive. The trade recommendations I took were ALL losers. There were, in fact, 2 winning trades that I didn't participate in, and several suggestions/ comments throughtout the year that Chris later seemed to boast that he "called" (but never issued formal recommendations).

Overall the commentary was interesting, in that I picked up a few thoughts that I wouldn't have gotten elsewhere. I disliked the daily videos, as I don't have 20 minutes to dedicate daily to information that I could otherwise skim. If you're a spelling and/or grammar nut, you'll be appalled at the written portions of the newsletter. At the end of the day, I don't think it justified even the reduced price.

I cancelled on the second to last day of my subscription. After auto-renewing me anyhow, they graciously offered to refund the auto-renewal, minus their PayPal fees. Upon reflecting, it's a good strategy to cut your losers and let your winners ride.

Aposak

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They silently auto renew your membership

I recently found out the hard way that they silently auto renew your subscription here. It is written in their terms and conditions that they will auto renew. That is not really where my problem is. The problem is they are sneaky about it, since there is no emailed receipt when it happens or notice before it happens.

Also they offer no refunds at all, so I just payed over half a grand for another year of market commentary.

At the end of the day this is about customer service, and if that is what you want this news letter is not going to give it - it says so right in their Terms and Conditions.

Bspies

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Very disappointed in what he promises to his customers

I signed up to TheGoldAndOilGuy.com to take trades and profit from them. What I learned over time is that it is just like going to a baseball game and listening to the annnouncer give his minute by minute play of the game. Duuh! I can do that all by myself so who needs this website in the first place? Yes, he did have a few good trades here and there but none of them were in Gold or OIl which is what his website is supposed to be specializing in. In summary, I am very dissapointed with this website and the level of service Chris provided me with. HW/NYC

Howie1

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Unbelieveable!!!

I don't normally write reviews, but felt I had to after the most recent advice.

So Chris is feeling upset and emotional for missing out on the big dip, so he's really keen on loading up on a short so he doesn't get caught out next time. So he advises people to open a short with a stop 3% away. Fair enough, he's giving a recommendation based on his gut feeling, even though it kinda feels like he's partly basing this on emotion. But still, he tells people to put in a small amount because it's not that great a trade.

When the ECB spoke and announced that they'll do whatever it takes to save the euro, you'd have thought Chris would realise how big an impact this would have on the markets. Even though he might have been sceptical and not have advised on longs at that point, he should've at least known that shorts are a bad idea. But no, he held on.

The rally continues, and now the S&P is hovering close to our stops. Chris removes his stops because he still like the trade. So understandably, his followers would remove stops and continue to follow his advice. S&P rallies some more, and he doubles up on his position, only for the reason that S&P has gone up about 20 points from when he opened it so that's when he adds to his position.

The funny thing is, last Thursday he was predicting that S&|P will rally on Friday, and then gap up on Monday. SO BASICALLY HE WAS SAYING THAT THE TRADER IN HIM WAS SAYING S&P WOULD RALLY FOR AT LEAST 2 MORE DAYS, YET INSTEAD OF CLOSING HIS SHORT, HE DOUBLED UP ON IT!!!

And now he's changed his stops so that they're 100 points away on the S&P from where his average position is from. Can you imagine it - a 100 point stop!!!! I usually trade the Dow, and that would be the equivalent of roughly a 1,000 point stop. Losing 1,000 points on the Dow is just madness!!!!!!

MarketGuy

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Do the Opposite of what he does, you'll be guaranteed to Win

I've followed him for long enough, and studied past trades well enough to make an informed judgement.

Looking at his past trades, his failed trades outweigh his successful ones and I'm almost 100% sure that the only way this guy is making a living is from his subscription revenue, not from being a day trader.

To be fair, he does give a good commentary about the market and what's happening. But then you can switch on the news for that and get the same information.

For anyone giving this guy a good review, contemplate the following:

Being a good trader isn't about knowing the rules and setups - it's about applying the rules and setups to maximise returns. He knows the setups, no doubt...but he doesn't know when to apply them, which causes him to either miss out on major moves or to get on the wrong side of a trade. It's happened far too often.

TradingVeteran

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Losing trades

I like Chris, and I like the daily "forecast" he gives about market conditions. He's very good at that. However, his trades have not been good. I am doing better than he is, and I am rather new to trading, and I'm not doing that great myself. Fortunately, if he suggested a trade that didn't make sense to me I didn't take it, so I have saved myself from losing a lot of money. A couple of other times I did take the trade, but I didn't follow the stop, or I waited and got in at a better time, and did better.

What concerns me is that he totally missed the run up from the beginning of January, then, after waiting for the market to decline, he missed the decline. Now he doesn't even mention taking positions when he does his daily report.

Maybe I have hit him in a bad streak because his previous record looks better than this.

I am not posting this to be mean to him. Like I said, he seems like a very nice guy and he does a good premarket show. But so far the trades I've received from him have not been worth the money spent.

If things get better, I will come back with more information.

Pavilion

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Winning! Honest and Transparent

This is a cheap alternative subscription compared to many other futurues segmented areans.

TheGoldAndOilGuy's has a solid system in place and his eduction is impressive with up-to-date content. Very good value here considering he keeps in touch with his subscribers and offers to teach technical skills while making some profits.

Trader77

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read free books instead

Here is what you get from this service, a fair amount of knowledge into the markets which is ok. But this same knowledge can be found in almost any TA trading book. His calls do not make money, and you can get the same edu for free anywhere. This service should be free

IvanDo

Tried many services, this one works and easy to follow.

Chris says:

"Trading is 80% position/money management and controlling your emotions and 20% trading."

This is some of the very best advice I've ever seen and this alone is worth the cost of a year's subscription.

Gene

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