John Jagerson and Slingshot Trader?

By tbone3506, August 5, 2012

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.

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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53 Comments on " John Jagerson and Slingshot Trader?"

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Tom
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Tom
August 7, 2012 12:41 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
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erk erginer
May 25, 2015 10:16 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… Read more »
Mike Nelson
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Mike Nelson
December 17, 2015 4:14 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… Read more »
Rich DeLong
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Rich DeLong
March 23, 2016 3:27 pm

Have not been using as long as you but same typical results.

pah3
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pah3
August 8, 2012 11:51 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?
pah3@pah3.us

luiwea
Member
9
luiwea
August 9, 2012 12:29 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.

Steve
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Steve
August 9, 2012 3:58 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… Read more »
Harry
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November 23, 2012 10:54 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 – hscenter@cox.net

busterbazgmail
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busterbazgmail
July 12, 2014 7:33 pm

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

tom yudeik
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tom yudeik
August 9, 2012 6:29 pm

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

Bob
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Bob
February 6, 2013 11:32 am
Slingshot trader…wow..it 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… Read more »
Dave
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Dave
April 9, 2013 12:13 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… Read more »
silverfin
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silverfin
May 15, 2013 9:24 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.

Dick
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Dick
June 1, 2013 1:04 pm

Guys, thank you for this great info, saving me time and $39 bucks.

jnginabq
Irregular
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jnginabq
June 12, 2013 4:25 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… Read more »
Brian Noel
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July 10, 2014 2:03 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 ?
Thanks,
British Brian

Thomas J. Bates
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Thomas J. Bates
July 24, 2013 12:27 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.

Gene
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Gene
July 24, 2013 6:32 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!

donk
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donk
July 25, 2013 12:10 am

I would rather have Gumshoe comments! Thanks.

Travis Johnson, Stock Gumshoe
Admin
4177
July 25, 2013 12:13 am

Sorry, don’t know this one at all and have never looked at his ads.

alexm28
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alexm28
July 28, 2013 7:05 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.
Thanks

Dick
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Dick
July 28, 2013 6:40 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.

chunks
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chunks
September 30, 2013 10:59 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.

Lee
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November 21, 2013 8:01 pm

Thank you so much for all the great advices and comments. I saved the loss of $ 39.00 and several thousand more later.

ken07460
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ken07460
November 27, 2013 3:21 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!

MarkB
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MarkB
February 8, 2014 4:44 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.

Thanks

Robert L
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February 10, 2014 3:46 pm

Thanks for the info after reading these comments I think I will pass. I will stick with Mr. Carter where I started.

Juan
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March 13, 2014 12:37 am

who is Mr carter?

Dan Iverson
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Dan Iverson
July 22, 2014 4:07 pm

I think he is referring to John Carter at http://www.simpleroptions.com/. 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
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Douglas
October 7, 2014 12:23 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… Read more »
A.J.
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A.J.
March 15, 2014 11:33 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. …

MarkB
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MarkB
March 16, 2014 9:07 am

Can anyone recommend any option newsletter or advisory services that are worth subscribing to?

Dan Iverson
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Dan Iverson
July 22, 2014 2:05 pm
I would look at: http://optionsincomeblueprint.com/. 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… Read more »
nidified
Member
1
April 8, 2014 6:25 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.

farhangp
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1
farhangp
May 17, 2014 10:39 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… Read more »
james
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james
June 1, 2014 10:56 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… Read more »
busterbazgmail
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busterbazgmail
July 12, 2014 7:49 pm

I have been reading at SeekingAlpha.com for some time now. Excellent site.

Dan Iverson
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Dan Iverson
July 22, 2014 4:10 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.

Investor
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Investor
August 4, 2014 6:52 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… Read more »
DL Hawk
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DL Hawk
August 14, 2014 10:50 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.

Archie Collier
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Archie Collier
December 8, 2014 4:15 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… Read more »
Mike Park
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September 14, 2015 7:24 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.

Mike Park
Guest
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September 14, 2015 7:32 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
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Iris
October 31, 2015 5:16 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

john
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September 17, 2015 7:00 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.

Eric
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Eric
November 20, 2015 2:25 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… Read more »
Vin
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Vin
February 17, 2016 5:22 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.

Dave
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Dave
December 31, 2015 9:40 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… Read more »
Dave
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Dave
December 31, 2015 9:42 pm

I meant to say sell options (write), not buy.

Scott Paul
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Scott Paul
January 13, 2016 5:36 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… Read more »
Lee Webb
Guest
0
January 27, 2016 7:17 pm

Enough about LOSERS — does ANYBODY know of any winning stock picking sites?

SoGiAm
Irregular
3708
January 27, 2016 7:24 pm

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

frankgr
Irregular
19
frankgr
February 19, 2016 5:11 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… Read more »
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