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.

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78 Comments on " John Jagerson and Slingshot Trader?"

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Mark
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I started a trial in April and on my first trade (GLD Calls) I lost over 90% of my investment. I decided to watch for a few months and it seemed like they were making some money so I jumped back in during August. I traded every one of their recommendations (except one). I still have a couple of open positions but it looks like I will end up losing roughly $3500 trading 5 contracts on each recommendation. I did miss one trade because the option price was substantially higher then their max price recommendation before I got the email.… Read more »
John
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John
Hey Mark Thanks for the heads up on Slingshot trader. I was about to try their 3 month trial but after reading your comments (and a few others) , I will definitely take a pass. Right now I’m on a month trial with Bernie Schaffer but so far,this hasn’t gone well with many of his recommendations so I won’t be renewing with him either. I’m thinking of trying either Bill Poulos or Chuck Hughes as from their videos and various online articles they both seem to have some good trading and risk management strategies but they are very expensive and… Read more »
Scott Paul
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Scott Paul
As I posted before, it unlikely that 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… Read more »
Scott Paul
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Scott Paul
From their latest email: Most people aren’t cut out to trade options. Their expectations are all out of whack — 500% profits from a trade are a rarity, not a given. And nobody — no matter what they claim — ever banks 55 winners in a row. So please, don’t believe those get-rich-quick claims. And if you do decide to give options trading a try, make sure you have good reasons for making every trade. Don’t trade Netflix or Facebook just because they’re “hot.” And please ignore the 30-second soundbites on CNBC. One final tip: It doesn’t matter how good… Read more »
Steve
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Steve

I wish I had found this site before losing $5k this year with these morons. I guess there is no recourse or method to get the losses back and these idiots out of business?

Gabriel R Georgeian
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Gabriel R Georgeian

I did join a company in England GlenRidge Capital .they do not exist any more . Puff my 5K . Why the Government does not tract these shady business ?
they are lose animals in the land . thanks for the input . ( also the credit card company is on it too . within 24 hrs they would not cancel my charge. they work with the crocks .

k

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