Joe Burns Quick-Hit Trader

By jun9p5r3ot, November 7, 2011

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

Joe Burns is an options trader who claims a high success rate for short term trades. I am interested but this trading is high risk. His teaser sounds good and I have found no independent reviews. Has anyone any experience of Quick-Hit Trader that you might like to share?
Nick

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12 Comments on " Joe Burns Quick-Hit Trader"

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Mr. Simple
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November 13, 2011 11:44 pm
I have been a member with quick hit for about 4 weeks now. Mr. Burn has some good profit at the beginning, but my profit was wiped out after we closed BIDU, and IBM for a lost. Mr. Burns has no money management skills. Last week he opened many PUTS betting Europe was going to drag the market lower. I believe he panic, because he open PUTS on Wednesday when the market tumbled. I believe tomorrow he will close his recent PUTSs for a lost. He does have some calls open in AZO, and MA and some stocks. . I… Read more »
Christopher Michaels
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Christopher Michaels
November 15, 2011 4:39 pm

Actually, Quick-Hit Trader shows all the past winning and losing trades. They have a link on their website titled, “Closed Positions”. When one clicks on it, a page opens with all the past trades, including date entered, price, profit/loss, etc.

EXCEL
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EXCEL
November 18, 2011 2:23 pm

The open and closed positions are on the website – you can cut and pasted into Excel.
Overall results are down about 10%.

Mr. Simple
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Mr. Simple
November 21, 2011 11:36 pm

Excel is right. I am down 12% as of today. Not including some gains I might have tomorrow. Maybe others have better luck, but now I need to work harder or just wait till next year to regain my losses. I will drop his service this month. Its best not to follow other people advice. What has worked for me is Investor Business Daily Electronic Edition.

Mr. Simple
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Mr. Simple
December 6, 2011 5:25 pm
UPDATE: I have not dropped his service. I was able to recover some of my losses thanks to some PUT’s recommended by Mr. Burns. I finished the month of November with a gain of 1.42%. What I learned is, it is best to make your own decisions. Time the market. I was able to close most of my PUTS for a gain of 20% to 50%. I had the feeling the market had bottom out. I did hold Two PUTS against two different stocks, just in case. The following Monday after thanks giving the market rebounded. I cut my losses… Read more »
Mr. Simple
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Mr. Simple
December 14, 2011 4:24 pm
Update: I recently dropped Quick HITS service. Mr. Burns has some good picks but his timing is off. In the month of December I only bought one call and one put. His call was a loss of 90%. I did cash out my PUT for a nice gain of 30% but please understand he has not giving the sell signal on this PUT. He has more losses than wins. I did not play all his calls or puts otherwise I would be down over 12% for the month. This month, I managed to gain my money back with some swing… Read more »
Larry
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March 22, 2012 12:31 pm

I was going to try this service but now am backing away.. anyone know of a good
service that provides just simple calls and puts

Dan L.
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Dan L.
March 31, 2012 8:56 pm

I’ve heard both “BIG MONEY OPTIONS” and “SLING SHOT TRADER” are two excellent options trading newsletter services. I’m deciding now which one to go with.

traveler
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traveler
April 16, 2013 12:02 pm
He used to be an IBD portfolio manager – I spent $1000 in 1999 to listen to him speak. He left IBD for some reason… Now he runs his own advisory service, and he is awful! He posts his own recommendations and results on his site – I downloaded them into excel and added them up. in the beginning of 2011, you lost a total of 600% in option trades the first 3 months. I just signed up for a 2-week trial – his 6-month option trades had a “gain” of 60% – but if you include 5% for each… Read more »
William
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William
July 15, 2015 1:03 pm
You need to be serious and do what we all should and that is paper trade every so often to keep fresh and don’t get into a repeat day to day don’t look around system. Top Gun Options is excellent but you need to be up to speed with options and of coarse they give you all you need to get prepared. Whiz is his go by name and he is sharp as they get, look at his references etc. he is a no bull put it on the table Pro. He is constantly giving presentations to big time clients… Read more »
Keith L
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Keith L
September 6, 2013 10:12 am

Sling Shot trader is the worste service I have ever used. I lost $10,000 in 3 months using the service. I would have done better randomly picking stocks out of the newspapper with a dart.

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