John Jagerson and Slingshot Trader?

By tbone3506, August 5, 2012

Has anyone used his service? Info on Slingshot is elusive. Jagerson certainly has the quals. Want to try but can’t find a review on his service. Thanks.

Share Your Thoughts

ShowHide Comments (53)
    1. Tom
      Aug 7 2012, 12:41:31 pm

      I recently took the trial. Lot’s of big winners and big losers. Overall about a break even.
      The losers (and winners) could be 4 or 5 in a row, so if you start at the begining of a losing streak, you are in bad shape.

      • erk erginer
        May 25 2015, 10:16:46 pm

        i have tried their service for more rhan six months with terrible results. I did not know much when I started. Lost more money than I ever made with them. As i learned more and more and got experience decided to get out. They gave me the feeling that they have no idea, for example, about entry points to a trade. Seems they recommend based on a micro scale (short time chart section) technical analysis without looking at a longer term price chart and identifying price trends. Often they recommend a call when a stock has been climbing for some time and is going to have an Ex dividend day soon. Naturally stock declines for a while and the call option never recovers when the stock price starts to go up again. If you don’t take a small loss asap and get out losses could be 100 %. Occasionally they hit a good trade but for the last six months it has been on a hit-or-miss basis. Trester’s service did not turn out to be much more successful either. I got out of that also. Hope this review helps people who read reviews. Best regards.

        • Mike Nelson
          Dec 17 2015, 04:14:05 pm

          Services such as Slingshot Trader and/or Power Options weekly might be beneficial only if you have your own set of tools to follow the market short term and long term trends. I have used these types of services to help identify companies for either short or longer term option opportunities. I use Elliott Wave International services to help determine when to make my option trades whether on my own or from other services. I have traded options successfully using the above services but only if they time well with my Elliott Wave analysis. Often times this means entering a trade at a different price point or in a later time frame. The trading services are beneficial primarily for saving time on researching companies to select for option trades. Combined with my services with Elliott Wave International has led to 85% successful trades. The other 15% is primarily due to my own errors or impatience.

    2. Paul Harsch
      Aug 8 2012, 11:51:14 pm

      In the last several days I saw an eye and attention grabbing teaser cartoon drawing type pitch for a newsletter promising consistent high returns but lost the ad and email link. Can anyone else point me in the right direction?

    3. Wealand Lui
      Aug 9 2012, 12:29:46 pm

      I dropped out of Slingshot after 2 months. There are more losers than winners while I was in.
      I am glad I only follow a couple of times or I ‘ll end up pretty upset.

    4. Steve
      Aug 9 2012, 03:58:22 pm

      Tom essentially has it rights. They usually have 2-5 trades active at any one time. The idea is that you commit the same % of your portfolio (roughly 4 %) on each trade, consistently. These are all short term option trades (simple puts & calls), rarely more than 2 weeks in duration, usually less. The trades are trying to capture the big moves in implied volatility usually associated with ‘close to the money’ trades close to anticipated news events (mostly earnings releases). They admit to ‘guessing’ wrong nearly half the time. The trick to the success in their system is that you can never lose more than 100% (usually much less) on any one trade but can make well more than 100% on the big winners. It makes consistent trade sizing imperative.

      • Harry
        Nov 23 2012, 10:54:53 am

        Steve, thank you for your review. which unlike the other posts is succinct, specific and helpful. To take it a step further, have you actually followed his recommendations, either on paper or with investments? If so, what kind of profit or loss have you experienced? Are the results claimed in his ads true, false, or simply selective? Also, what would you recommend as a MINIMUM amount of cash available to follow his system? $1k, 3k, 5k, 10k? Thanks! Harry –

      • Carl McPhee
        Jul 12 2014, 07:33:51 pm

        OK. Thank you. After reading this and the other comment s from users, I just saved at least $39, and maybe more. Fraudsters!

    5. tom yudeik
      Aug 9 2012, 06:29:45 pm

      Thanks for all the feedback on Slingshot…I see more negative than positive so I will not waste time with this one.

    6. Bob
      Feb 6 2013, 11:32:33 am

      Slingshot trader… was like a slingshot for sure. Placed every trade they recommended for a few months and we only hit 2 of the many we traded. I ended up down 4000 in a few months. They send notices to sell to reinvest the money somewhere else…problem is the notifications come when you are already down 79%. On the few we collected on, there were so many people dumping that the spread between the bid and ask got huge and only netted about 150 dollars on each even though it showed up 1200 on my trade page. Price seemed right…but not for tons of losses. I would recommend “(re)investing your money elsewhere”.

    7. Dave
      Apr 9 2013, 12:13:46 pm

      I got an e-mail from Slingshot Trader showing great profits on a weekly basis. The flyer sounded good and I liked the leverage of options, so I signed up for $39 and got an extra month for free. I went to the site after getting the login info and immediately went to the closed trades for this year. After running all the P/L for each position the totals for this year were a -177% and last year were a -837%. So for the last two years if you were to buy everything they recommended you would have lost (-1014%). That does not sound anything like the ad I received. I immediately wrote the contact info and canceled my subscription and asked for a refund. Since I had been on their program for about 1 hr, I assumed they would comply. NO – I got an e-mail back saying there were no refunds based on the service I subscribed. I then called their number and was passed up the the manager. I explained the infomation they were selling was bogus and demanded a refund. She said since there was nothing explaining a refund policy in the ad, then all sales were final. I told her that must be the only way they can make money is by publishing misleading claims and then not refunding the money to subscribers when they discover there is no possible way to make money using the trade recommendations they offer. She said they do not control the advertising and there are no guarantees in the stock market. What a load of B.S.! STAY AWAY FROM THIS SLIMY NEWSLETTER! Next call is to the credit card to cancel the transaction due to fraud!

    8. silverfin
      May 15 2013, 09:24:11 am

      I used them for a two month trial and they were awful. Mostly losses with an a winner here and there. They were trying to bet on earnings which is a tough thing with options. I would stay away. Make sure if you use them don’t put your account on auot-renew.

    9. Jerry Gant
      Jun 12 2013, 04:25:23 pm

      All of the above is one reason I continue to subscribe to S G; the comments and reviews from actual users is priceless! I’d seen their teaser, and was considering giving their service a try. Glad I didn’t! I’ve been trying Schaeffer’s “Options Under 5$” and having reasonable success with it (more wins than losses). Another pretty good one is “Phoenix Options”, but you need to react quickly most of the time to get a good return. If you can read the option chains in most trading platforms (I use ScotTrader Elite – that’s where my IRA is), you can sometimes get a good result even if you’re a bit late. A smartphone is probably a good investment, especially if you have active plays. They both run about $800 per year, but Schaeffer only requires one quarter’s fee at a time, and you can cancel whenever (or at the end of quarter, anyway). Hope this is useful to someone.

      • Brian Noel
        Jul 10 2014, 02:03:05 pm

        Jerry, thanks for the feedback. I did subscribe to Sling Shot I had 3 wins and so far I have about 6 losers, which i’m still holding onto. I am quickly loosing faith in them as well as a few other newsletters that I have tried. It sounds like you like Schaffer ? that is one I have been looking at lately. Have you actually entered many trades. Would you mind sharing how many winners and losers you have had ?
        British Brian

    10. Thomas J. Bates
      Jul 24 2013, 12:27:58 pm

      Thank you all. These comments are extremely helpful. Thank you Stock Gumshoe! I read the teaser e-mail and it sounded worth a try. Glad I read your stuff before wasting $39.

    11. Gene
      Jul 24 2013, 06:32:18 pm

      What a great site/resource Stock Gumshoe is! I had actually completed the registration form for Slingsh*t Trader when it dawned on me that I should check the reviews first so I deleted the form and came here. Wow! What a money and time saver! Won’t waste my time with them and I hope Dave was able to get his credit card company to stop the $39 charge for that bogus service. Thank you again S.G. and everyone who posted helpful comments!

        • Alex Binkis
          Jul 28 2013, 07:05:36 pm

          Hi Travis:
          May be you can help identify $5 chip maker. Market cap $405 M. Listened to Chris Versache long speach on connected home interctonectivity an this chip beeing in most home electeronic devices allready And will be bougt out by CISCO and other companies needing it.

    12. Dick
      Jul 28 2013, 06:40:23 pm

      I’m really a dick. I posted under #9 but I still subscribed last week. I was distracted or hoping to get rich easily. The post #7 from Dave is SPOT ON. If history is a guide, you can’t make money with this service.

    13. Gene Lui
      Sep 30 2013, 10:59:17 pm

      I joined…without searching internet. Looked at their track record…which they’re stupid enough to post. Lost in 2012 and up less than 1% (not even accounting for commissions). I asked for refund right away (within 1hour) … quoting what lies they told on their sales pitch … they refused. Contacted Credit card company… which asked for documents…but before I could gather any..they reversed the charges. I guess investorplace or someone is well known to the CC’s.

    14. Kenneth Fugowski
      Nov 27 2013, 03:21:38 pm

      Looked at their pitch and like many I thought for $39 it was worth a try. Thanks to all the comments on Gumshoe, I saved at least the $39 and at lot of aggravation. Thank You!

    15. MarkB
      Feb 8 2014, 04:44:20 pm

      Are there any newsletters out there for option trading that are worth subscribing to? I’m glad I found this site as it has stopped me from falling to the copywriter & marketing spins of some many of the newsletters that have bad reviews on this site.


        • Dan Iverson
          Jul 22 2014, 04:07:50 pm

          I think he is referring to John Carter at John is very good and I’ve learned a lot from his courses. However, he doesn’t give you the exit strategy that I think is critical – it’s an extra course on how to handle loosing trades. His squeeze indicator in my opinion is a must on every chart, every time frame. Find a squeeze with a low ADX and you have found a highly probable trade that will work out if you follow his direction.

        • Douglas
          Oct 7 2014, 12:23:31 am

          I, too, have taken many of John Carter’s courses. His style fits my style of trading and I echo the sentiment that the squeeze indicator (free in ThinkOrSwim) is valuable on all timeframes. Start with his free emails to see if his discussions and ideas fit your trading style. Why pay for something if it is not going to work out? His staff is very responsive and professional. I also like the other traders he brings in and works with but I will leave it to you to research their names and styles (all available on his simpleroptions website. My comment is not a sell, just my opinion.

    16. A.J.
      Mar 15 2014, 11:33:54 pm

      This is the second time I’ve checked with Gumshoe on a ‘too good to be true’ offer. This time it was an offer on Sam Collins page for Slingshot. After reading the comments here I have no intention of taking them up on their $39 offer for a month with another month free. Thanks to Gumshoe for providing this service. …

      • Dan Iverson
        Jul 22 2014, 02:05:15 pm

        I would look at:
        Michael does a good job in the training. Basically, he gives a couple of alerts a week. Like a recent alert was: Sell to open BTX 33.00 PUT at .50. By the time I got the alert it was at .45. I create a spread out of his trade. Usually, I look for a PUT at .05/contract to allow me to not have the PUT be naked. So my trade was -33.00 / +30.00 @ .45. I took the trade and it expired worthless which means it was a nice winner. I really have enjoyed his training – it is down to earth, doesn’t get into the greeks and gives clear ideas. When a trade goes against him he ‘rolls’ it into the next week or the next month. About a third of the trades so far have been rolled but ultimately were closed with healthy profits. My account has grown steadily since I’ve been with him. Just recently, I’ve signed on to a full year. I’m also taking on my own trades based on his training. Remember, if you roll the loosing part of a trade into a winning trade then it’s a win. IE: Loose .50 this week but then turn around and gain 1.10 next week. The overall position has a net win of .60/contract. Look at his track record. Ultimately, every trade has ended up being a winner. Trade size management is important of course. Check him out. I get nothing for suggesting his service. My goal is to be on my own full time after the end of this year of service I’ve signed up for. Time will tell.

    17. Joseph Scott
      Apr 8 2014, 06:25:29 pm

      Before doing anything I came here first. I was tempted, “Turn $39 into $10,000” read the ad. One free month, how can I go wrong? Thank you again Gumshoe!
      NO free lunch.

    18. Farhang Polad
      May 17 2014, 10:39:39 am

      Aparently Ken Tester has good performance record! Bernie Schaefers research is good from time to time, but he has too many different options services out of which the only consistent one is the conservative Wealth Builder which is based on Options. Spread.. Hope it helps. i too was taken by Phoenix leter and otions and charged for both services after the 60 days trial. I was just one day late in cancelling the trial, and they refused to cancel and refused to refund even prorata basis. Phoenix Options services has the worst ethics when it comes to cancelation refunds and their performance also is nothing close to what they claim in their marketing.

    19. james
      Jun 1 2014, 10:56:21 am

      after subscribing to slingshot for 3 months for $70.00, i only used their recommendations
      once, and that was only on the underlying. i did not use their entry of a month earlier
      or their exit before an earnings release on krispy kreme donuts. i did make over $300 on
      3 ccalls, however. but, most of their underlying picks are weak. too weak for me. i have
      also tried schaeffers, but he either prefers deep in the money or weekly options, neither
      of which suits me. maybe slingshot just needs to mature and be honest. maybe i’ll try
      tester or cabot next. thanx for everybody’s comments.

    20. Dan Iverson
      Jul 22 2014, 04:10:03 pm

      Thank you for the comments on this $39.00 crud of a service. I’m always looking to expand my knowledge. Something told me this was not the service.

    21. Investor
      Aug 4 2014, 06:52:30 pm

      Slingshot Trader is full of crap. Their ads are totally deceptive. There is no refund policy. Their “1 month free” means you pay for a month & get 1 month free. It is not a trial period so even if you decide against it after 1 day of examining their website, they will not refund you anything unlike most investment publications which do have a full refund trial period. I tried getting a refund after 1 week. Guess they need to keep the sucker’s initial money because If you look at their success rate, it’s hit or miss, appears to be more misses. Don’t waste your $39 & lose your investment from their hit or miss recos. Seriously if they are that good, why wouldn’t they give you a true free 1 month trial period?

    22. DL Hawk
      Aug 14 2014, 10:50:21 pm

      I just finished an introductory offer with Sling Shot Traders. The result: 12 losers and 2 winners. Down about $3000. Their performance is so bad that options usually start losing money immediately. The best use of their recommendations is to use them as contra-indicators. Please stay away if you want to have any chance for trading options successfully.

    23. Archie Collier
      Dec 8 2014, 04:15:25 pm

      Trading options around earnings reports is always extremely risky- due to implied volatility crush. Risking more than 1% of your portfolio in a single options trade is also considered taking unwarranted risk. but- regardless of my ‘rules’, I declined the Free month trial, because I emailed (replied to their emailed pitch) asking for a return email explaining how to cancel the auto-pay if I decided the service wasn’t a good fit for me. My email bounced back, delivery failure. I called them to get same information, got voice mail tree. The ONLY way you can accept the 1-month free trial is to enroll in autopayment of $49/month. On the offer, it clearly says auto-payments are NOT refundable. So…given the trading strategy, and their failure to respond to my attempts at clarification, I passed on the offer.

    24. Mike Park
      Sep 14 2015, 07:24:59 pm

      I paid for 1 week trial and got access to website and results for closed trades which was a downloadeable spread sheet. When I did an auto sum for the list of trades on the % gains, it was a real eye opener.

    25. Mike Park
      Sep 14 2015, 07:32:40 pm

      I paid for 1 week trial and got access to website and results for closed trades which was a downloadeable spread sheet. When I did an auto sum for the list of trades on the % gains, it was a real eye opener.
      2015 YTD total gain neg 721%
      2014 year neg 2542%
      2013 year neg 1415%
      Ken Trester is the man behind Power Options .

      • Iris
        Oct 31 2015, 05:16:58 pm

        Thank you Mike for this review. I just have an offer from them sitting in my email to join them for $39. And this is the reason I am here doing a search on reviews of this trading service. Thanks again, Iris

    26. john
      Sep 17 2015, 07:00:26 am

      I see slingshot is not being advertised under investorplace which is a mass marketer. I feel that many sites that have to go with mass marketers do so for one reason, they feel it adds credibility. I agree the sites results are poor and that is based on trying the service more than once and I doubt the addition of investorplace has changed anything at all. h, you will get those add on booklets for FREE, so something has changed I guess.

    27. Eric
      Nov 20 2015, 02:25:20 pm

      Well I’m glad they only got me for the $39 initial signup fee. The answer here is VERY simple to find out and pretty black and white. Once you subscribe they give you access to their complete trade records for the last 5 or so years, all downloadable as CVS files and easily imported into a simple spreadsheet program. Had they given me this option before signing up I never would have wasted the $39. It took less than 2 minute to download the last 5 years of trades, import them into GoogleSheets, and do a quick average on the “Returns” column. What do you find? The best year they’ve had in the last half decade was 2015 where the result was a whopping 0.5% return. You read that right. Zero-point-five-percent. And that is a startlingly good return for them since every single other year in that period they have posted a negative return, sometimes upwards of -7% annually! And that is BEFORE you factor in the commissions on the trades! This is not complicated math they are trying to hide form their subscribers. This information is available within 2 clicks of their homepage once you subscribe. And it is not murky, complicated math. Consistently investing the same percentage of your portfolio in their picks will lose you money. Period. Keep in mind they got these results during one of the most bullish markets in the last century. The S&P 500 has nearly doubled over that span. You would be better off sticking your money in a savings account at your local bank than following this “system.” Hell, you’d be better off sticking it under your mattress. Run away.

      • Vin
        Feb 17 2016, 05:22:57 pm

        Everything you say is completely true. I bought their sub over the weekend and did as you did, downloading their entire history only to get the same results that you describe, 50% winners and 50 % losers and a net cumulative negative return. I only wish I had googled stockgumshoe first as I usually do instead of TOTALLY wasting the $35. Even though I hadn’t even received the first recommedation e-mail from the they still refused to refund the $35. This has to be one of the worst services I have ever looked at.

    28. Dave
      Dec 31 2015, 09:40:43 pm

      i am in Motley Fool Options. So far I think it is good. Pretty transparent. No trickery that I can see. Pretty conservative which is OK by me. Writin options is the way to go for me. I receive income. I only buy options for stocks that I would want to buy if the stock goes below the strike price. Usually option expires and I have received income. Kind of conservative and boring but it does provide an income stream. I stay away from straddles, diagonals, and synthetics. Those are a little risky for me at this point. The Motley Fool Options only trades option on stocks it recommends.

    29. Scott Paul
      Jan 13 2016, 05:36:14 pm

      It doesn’t seem like there’s any option buying services that are consistently profitable, probably because buying options is pretty much a losing game. You’re going against very smart people who sell those options, and they don’t sell at a price unless they feel they have their risk priced in. It would seem from the big losses that SlingShot (and other services) have consistently, that one could take the other sides of their trades and be profitable. Just use a 100% stop loss on the sell (and perhaps avoid trading through earnings announcements, where gaps can happen), just as you’re effectively using a 100% stop loss on a buy (i.e., total loss to expiration). Of course, your margin requirements for selling options will be much higher.

      • 3538 |
        Jan 27 2016, 07:24:43 pm

        Lee, Stock Gumshoe and it’s members (the Gummune) are invaluable sources of information as well as @TipRanks Best2You-Ben

    30. 17 |
      Feb 19 2016, 05:11:10 pm

      Thanks for steering me away from SlingShot! Since a number of commenters asked for recommendations on good newsletters, I thought I’d mention CML Pro (Capital Market Laboratories). It’s not an position entry/exit service, it just gives a lot of valuable in-depth insight on what’s going on with mid to high cap companies, and you can do what you wish with it. They also put out alerts regarding important events with companies. It’s really good stuff, especially for $10/month. In the two months I’ve been with them they have provided me with info that has paid for the subscription for the next 10 years or so!

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