Thinking Trades - Premium Service

1 of 1 people have found this review helpful.

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2 of 4 people have found this review helpful.

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Wait till he loses 60% of your account..

Just looked at the track record. There are few 100% losers, and some of the positions have 20-25% allocation. Allocating 25% to directional option trade which can easily lose 40-60% if the stock gaps (and there is nothing you can do in such case) shows complete lack of risk management.

What do you think will happen when he has 3-5 consecutive losers? You think it cannot happen? I have news for you: it happens to everyone at some point. But if you have proper position sizing, you take only minimal hit. If you risk 10-15% per trade, at some point your account will be toast.

3 of 5 people have found this review helpful.

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3 of 5 people have found this review helpful.

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1 of 8 people have found this review helpful.

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When were you a subscriber and for how long? I also went through all these reviews before joining. Very happy so far. There is one guy who has been saying what you are saying in all the negative reviews below. Come on kimk, it's you with a different id. You are a troll.

Just check the review below by Sara and the comments on it. It is obvious that Dr10 is same as kimk.

6 of 8 people have found this review helpful.

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7 of 9 people have found this review helpful.

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6 of 7 people have found this review helpful.

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Sara, did you trade with him in July-August when he lost 60% of the account in two weeks?

Ha ha moron kimk is back. Lost money, my foot. This moron doesn't even want to give back money from profits. I am ahead by a mile from my starting capital base. We are playing with free money moron now. Yeah you can't even put 2 and 2 together and see that the portfolio is already up by more than 100%. Get a real job moron but then who will give you moron a job. Oh yeah you have a full time job here of reviewing services.

ok guys let's keep it civil. Yes, I was trading when he lost money back then. I was comfortably ahead in my account until then so had to give back a chunk of profits back but it came back again as soon as it went away. Everyone will have a different experience based on what time one joined the service. The equity curve is not smooth and it never can be. The point is over a period of time it all should work out. I also subscribe to options. I was pretty much flat after first 6 months of this year and then made more than 30k until now. That too in the most difficult period. I am sure many would get frustrated by then and would quit. In hindsight, it would not look such a good decision.

Yes, I guess it makes huge difference when you join. This is true for any service. I joined the service in January and followed him on paper for few months (I never put real money into any service till I have full confidence). On March 1st he ignored his own stops and lost 3.5k in one day. He said it will never happen again, but I felt I just cannot trust him anymore.

Any service will have drawdowns, the question is how big they are. 60% in two weeks is definitely not acceptable by any standards. Risk management is the most important thing in trading, and in this case, risk management is non-existent. The concept of playing with “free money” is very dangerous. Once the profit is earned, it’s your money. Every day is a new day.

My question to you is the same: if the alerts are based on 25k portfolio, how could he start trading NQ and TF in August while having two ES contracts losing ~15k at this point? Wouldn’t you get a margin call? And if you are using bigger account to trade 4 contracts (which you should), then your percentage gains are very far from advertised ones, especially considering slippage, commissions and subscription fees.

As I said I have already profits from the service so my portfolio is larger than 25k. Vinay might argue that the portfolio value is more than double from 25k starting figure. My belief is that everyone has to decide for themselves as far as how much they want to risk. It's just an alert service and at the end of the day I have the control on money that I am trading with. Some may be trading the service with 25k and some with much larger account and some may be trading with less than 25k. I do not even worry about the percentage gain because it's debatable. You say that if one has to trade with more than 25k than its' less than what he is showing. He can say that it's based on 25k where as he generally trades only 1 or 2 contracts. He is not using the whole 25k generally.

I have tried a few other futures services. The slippage is not that bad compared to some of the other services. Some slippage is unavoidable. After slippage and commissions, I am able to make about 75-80% of what is shown.

As I said the sum total experience has been fine for me. He tracks the trades correctly. This is one thing that was missing from most other services that I subscribed to before. There was no benchmark to compare at the end of the day.