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10 Percent Per Month

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317 Comments
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Walter
Member
Walter
November 25, 2011 12:45 am

Kim,
10PPM does not autotrade the RUT and therefore do not subject their autotrade subscribers to any gap up/down for Friday AM settlement. If you were a subscriber, you would know this.
Your “claim” about 10PPM’s loss in May 2010 is completely false. Again, if you were a subscriber, you would know.
Any strategy could be screwed up with a bad trader or team. The right trade team is more important than a strategy since they can adapt and change things up when the conditions change. The new 10PPM team has performed exceptionally well and is far better than their old team, as proven with their results.
Unless you decide to subscribe to their service and fairly evaluate their new trade team, you have no business posting reviews here. Your idiotic comments are just speculation based on nothing but what you want to believe.
IGNORE KIM, HE WAS NEVER A SUBSCRIBER AND WORKS FOR ANOTHER SERVICE!

Kim
Member
Kim
November 25, 2011 3:04 pm

Walter, what exactly was my claim about May 2010? Why are you putting words in my mouth? And what exactly happened during this month?

BTW, for those who don’t know, they had a “sister” company called “5 percent per week”. 10 percent per month obviously wasn’t enough for them, so they decided to milk more money by promising 5 percent per week. After few huge losses, this service is out of business now.

Of course 10ppm will tell you they have nothing to do with 5ppw. But they had exactly same interface, very similar FAQs, similar name and same style of writing. This is not a coincidence.

P.S. The other service will be closed for new customers by end of year, so even if I worked for them, there is no point to bush a competitor knowing that in a month the service will be closed anyway.

David G
Member
David G
November 25, 2011 6:49 pm

Kim,
Most people quit when they’re ahead, but you’ve never been ahead in this debate and I take it that you will keep making unfounded claims and false statements. What I don’t understand is why?! You’ve never been a subscriber yet you rate this service and post comments based only on assumptions, instead of facts.

You claim to not have any interest in another service, but you make contradictory and false statements about this one? Why do you have a vendetta with 10PPM?

How can you say that 5PPW is out of business? Their website is up and running and they’ve been posting trade results every week. Their latest one expired today and is updated on their site. Exact same interface? Your vision must be as blind as your statements. FAQs may be similar, but why would one reinvent the wheel? If the questions/answers are similar, why re-write them? If you’ve never been a subscriber to either service, how can you claim that they have the same style of writing?

In a comment you posted for the 5PPW service, you say, “The strategy is actually very good, but you have to manage it properly.”, but in your post for 10PPM’s loss over a year and a half ago, you say, “It’s a result of the strategy, not a specific team.”
So what is it? Team or strategy? You are contradicting yourself and just digging yourself deeper and deeper into your hole of disgrace.

You’re alone here, Kim. Since the new trade team started with 10PPM, there have been no negative posts. Their trades have been under new management for a year and a half and any reviews should be based on that. The old trade team is gone and reviews based on that team do not reflect 10PPM’s current business practice.

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Kim
Member
Kim
November 25, 2011 8:46 pm

5ppw site was for sale last time I checked. I guess it was just temporary down. But with those losses (95%, 37%, 31% just in the last half year) it’s only matter of time till they go out of business, this time for real.

When I said “The strategy is actually very good” I meant when used correctly, meaning opening at the right time, not holding till expiration, aiming for reasonable returns while reducing risk etc. 10ppm and 5ppw ignore all those parameters.

You must be blind if you don’t see the similarity between those two sites – the name, the FAQs, the Contact us page etc. Those are the same owners, believe me.

Walter
Member
Walter
November 26, 2011 11:55 pm

Kim,

I can see that your statement about 5PPW closing down is a lie. The claim about your own service shutting its doors to new customers is probably a lie too. There is no statement backing your claim on the site. It seems like you’re just trying to deflect your involvement with them. In fact, it’s your service that appears to be going out of business. The last published trade was in July, for a loss of nearly 51%!! Since then, you haven’t made any trades. The last result says “October options have not yet expired”. Umm, it has expired, and so has November’s. The front month now is December. You’re either shutting down or don’t want to show more losing trades.

Hmm… this makes sense now. It appears as if your own business is failing and you want to try to bring down a successful competitor. How pathetic, Kim.

Your statement, “Of course 10ppm will tell you they have nothing to do with 5ppw.” is another LIE. 10PPM and 5PPW are sister companies and they will confirm this with you, if you ask. They may be under the same umbrella, but its obvious that the trades are completely different. They don’t even trade the same securities. Mott’s and Dr. Pepper are different companies, but they’re both owned by Dr. Pepper Snapple. Are you going to bash Dr. Pepper if you dislike Mott’s applesauce? Keep your 5PPW comments on the 5PPW thread. Your logic is flawed, Kim, but that’s already obvious. Just keep talking, we like the occasional laugh.

P.S. I can’t put any words in your mouth because your foot is in the way.

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David G
Member
David G
November 27, 2011 2:30 pm

Kim,
10PPM has had exceptional timing with their trades, have closed down positions prior to expiration to reduce risk, and aim for reasonable returns, all of which you say they don’t do. You must like how your foot tastes since you keep shoving it in your mouth.
10PPM is a great service, all. Kim is full of it and is just lonely for attention.

Michael
Member
Michael
November 30, 2011 12:10 am

I used to day trade on my own but never had the success that 10PPM has. It was apparent that I was not good at it so I decided to let this service make the calls. Their analysis and timing is unreal! It’s like they have a crystal ball or something. They make it look so easy! I use the autotrade feature, which I like to call “autopilot”, sit back and let them do all the work. I’ve been withdrawing the profits from my account each month and it has helped my household tremendously! I can happily say that this will be a very nice Christmas for my family this year!

Kim
Member
Kim
December 1, 2011 4:22 pm

It’s interesting that three different people (David G, Walter and MarwanM) are using the same expression (put his foot in his mouth). Makes me wonder, maybe it’s the same person? I’m wondering if they would dare using the same language in a face to face conversation. But on Web, people can hide behind their anonymity and insult other people they don’t even know. Sad. BTW, there is no need to rate the service again each time you post your comment. I think people are intelligent enough to get the picture.

P.S. Just out of curiosity, could anyone post here the November trades, including open/close dates and underlying?

Troy
Member
Troy
December 2, 2011 4:31 pm

I’ve doubled my account in just over a year. This service has great returns but is a bit slow for me. I prefer to get in and out of trades a few times a week, but 10ppm does this just once or twice a month. Very profitable and consistent, just unexciting.
Kim, the comment “put your foot in your mouth” is very common. After reading your previous posts, I can see why it was mentioned. Nobody is insulting you or making you look bad, you are doing it all by yourself with what you say. I would have no problem telling that to anyone’s face either.
You are able to view all of 10PPM’s trade details from their performance page. Click on a particular year and it will bring up all the trades they made, broken into months.

Chance
Member
Chance
December 4, 2011 5:34 pm

Good trades, good team, GREAT SERVICE! If the opportunity for a trade is not there, they do not force it. Returns are exactly as they claim. No complaints here.

AJ
Guest
AJ
December 18, 2011 5:47 pm

Another month, another win! This time over 12%! Performance speaks for itself!

Walter
Member
Walter
December 24, 2011 6:16 pm

Over a 60% gain for 2011! Have a Merry Christmas! I know I will with all the profits from 10PPM!

SM
Member
SM
December 27, 2011 8:07 pm

Long time user of 10PPM’s service, and am very pleased. Trades are consistently profitable, emails are answered promptly, billing is accurate. Very professional and knowledgeable staff.

Kevin
Guest
Kevin
January 2, 2012 8:26 pm

10 % per Month…..well it’s more like 6.3 % per month and that’s if you want to risk 100% of your funds. The trouble is that some people are doing just that…..unfortunately that Black Swan event will come along one day and wipe out their account….but of course the service does not educate subscribers about those dangers.

If you’re smart you’ll risk maybe no more than 20% of your account on each trade and earn more like 1% per month. Maybe they should rename the service.

MarwanM
Member
MarwanM
January 4, 2012 10:27 pm

Who actually uses 100% of their account for a trade? If you do, you’re not a savvy investor and are all caught up on greed. Your return is based on how much is invested, not your entire portfolio. If I traded with $1000 and doubled it, I made 100%. If I had $100k in my portfolio, your math is implying that I only made 1%?!?! As you can see, your example is ridiculous. You sound like that other poster, Kim, but he hasn’t been around lately because he kept making a fool of himself. I guess “Kevin” is the replacement.
10PPM is great, and they would NEVER suggest using your entire portfolio for a trade. I asked them and you can ask them too. I’m sure you’ll get the same answer. Their trade team is VERY knowledgeable and knows how to handle any negative moves against their positions. The service does not “educate” you on all the different aspects of the market, but I’m sure they can answer any question you send them.

Kevin
Guest
Kevin
January 5, 2012 11:42 am

Thanks MarwanM.

I’ve been trading options for a long time.

It doesn’t take too many grey cells to put on an Iron Condor trade and then wait and pray that your wings don’t get clipped before expiration. Yes there are adjustments that can be made but with IC’s those are usually efforts to prevent disaster. Ah but the good people at 10PPM know how to stave off disaster because they are knowledgeable. After all that’s why you are paying them $125 per month.

The risk/reward sucks. It doesn’t matter which “genius” is making the trade recommendations for you.

-24.5% loss in Aug 2007
-38.0% loss in January 2008
-31.8% loss in Oct 2008
-69.5% loss in May 2010

-87.6% total drawdown Mar – May 2010 (it’s on their web site). UGH.

I don’t see any results before 2006 but I know they were around back then. Usually if results are missing it is for a good reason.

Most traders would consider those drawdowns unacceptable relative to the returns.

No matter how you tone down the allocation…50% per trade, 20% per trade, etc. the risk/reward is still the same.

**** BUT you are saying they would NEVER suggest investing 100% of your portfolio and YOU would never do such a thing (even though their published examples are based on 100% allocation of funds per trade). So let’s say you are a bit more rational and you put 50% of your play money into their suggested trades:

The service has averaged about 6% per month since 2006 (more like 5% after commissions). So at 50% allocation you average 2.5 % return per month (that’s 50% x 5%) with a pretty good chance that you will experience a MAJOR DRAWDOWN of -40% or more (i.e. Mar thru May 2010 * 50% allocation).

If you like those odds then more power to you!

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MarwanM
Member
MarwanM
January 6, 2012 11:28 pm

– Where does it say that the published results reflect 100% of one’s portfolio? Umm… it doesn’t! Just because the example shows $20k being used for trading, does not imply that the entire portfolio is being used. You said, “50% per trade, 20% per trade, etc. the risk/reward is still the same.” EXACTLY! The risk/reward (percentage of profit/loss) is the same for any amount used in the trade, NOT the entire portfolio.
For example: If I trade with $10k, out of a portfolio of $20k, and make $1k, I earned 10%. If I trade with $20k, out of a portfolio of $100k, and earn $2k, that’s STILL 10%. Doesn’t matter how much is in my portfolio because no savvy investor calculates their return with capital sitting on the side that’s NOT in a trade.
10PPM is doing GREAT for me, and I LOVE the odds they put on my side so, MORE POWER TO ME!! Whoohoo!

Walter
Member
Walter
January 7, 2012 6:12 pm

Wow, Kim. Tired of everyone disproving your pointless comments so you post with another name? Pffffttt!! It’s obvious… Kevin = Kim = Ignorant Trader who got burned by his own greed and stupidity. Trying to brainwash everyone with his bad math, but he continues to put his foot in his mouth. Wait, I can’t say that because he’ll think I’m someone else who used that ever so common phrase already. Move on Kim/Kevin. Your only purpose here now is comic relief. Sad thing is, you actually think you’re making a point. LOL!!
@Bireendra – If you want more information about the service, go to their site and ask them questions. Don’t listen to Kevin/Kim. He was never a subscriber, and works for another service. He’s just trying to bash his competition, which, shows you how good 10PPM really is, otherwise he wouldn’t even bother.

David G
Member
David G
January 9, 2012 6:38 pm

I think you’re right, Walter. Kevin sounds A LOT like Kim, trying to convince everyone that his math is accurate. You don’t know what you don’t know, right? And Kim (Kevin) doesn’t seem to know that much. Can’t believe he thinks 1000/1000 = 1%
10PPM earned over 60% in 2011 while the S&P500 was flat!

JasonZ
Member
JasonZ
January 18, 2012 9:34 pm

For those of you concerned with their risk management, rest assured. They have managed losing positions very well and this month is another example of just that. One of the trades was flirting with their announced stop loss price last week. Just yesterday, the markets moved up and they decided to close it down. The stop loss price was not quite reached at that point, but they stated that they did not want to risk holding it until expiration. The position was closed for a loss of about 9%. I’m glad they did because the markets continued higher today and closing it down today would have resulted in a loss of over 20%. The other positions are still looking good and if they expire worthless, they still stand to make a profit for the month. If they had risk management issues in the past, it definitely is not the case anymore. Those complaining about bad performance, years ago, need to focus more on the risk management measures they take now.

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