John Jagerson and Slingshot Trader?

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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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38 Responses to John Jagerson and Slingshot Trader?


  1. 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.

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  2. 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

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  3. 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.

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  4. 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.

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    • 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

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

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

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  6. 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 not for tons of losses. I would recommend “(re)investing your money elsewhere”.

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  7. 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!

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  8. 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.

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  9. 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.

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    • 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

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  10. 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.

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  11. 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!

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  12. 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.

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  13. 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.

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  14. 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!

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  15. 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

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      • 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.

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      • 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.

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  16. 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. …

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    • 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 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.

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  17. 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.

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  18. 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.

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  19. 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.

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  20. 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?

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  21. 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.

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  22. 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.

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