Description
Short term active trading in company and index options, mostly in the commodity sector.
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Gold and Energy Options Trader by James DiGeorgia
I received an email solicitation to try 1 month for $1, regular rate is 1 year for $995. He rec’s options when he see’s something, sometimes 1-2 weekly, sometimes longer.
All 5 rec’s I received the first month were losers and I followed the last rec I received on the same day I cancelled, and that too was another loser. Maybe it was a bad month for him but I didnt see a point in continuing, I can lose money on my own just fine without paying someone to help me do it.
He says he does just gold and energy but one of the rec’s was for S&P put options, boy was that a dud.
His email rec’s are very short, just tells what to buy, nothing educational, no analysis. Most of the ones I received were option spread trades.
When I cancelled I did receive a confirmation email the same day, so at least they are responsive.
Was a subscriber about 4 years ago. Lots of buy/sell recos by email that arrived every other day it seemed. Bought a couple recos, lost a little money, and then started watching and tracking without buying. Saw he had more losing than winning trades. I like to keep it simple, just calls and puts, and he sometimes used calendar spreads etc. Cancelled within refund period and got my money back promptly. The lesson here is to paper trade before buying and this applies to any new service. The allure of sure winners makes you think you haven’t a moment to lose and you’d better place the order immediately, but don’t be in a hurry. I do think a service like this can teach us to be better traders if we keep our wallets closed and just track their results. What puzzles me is how these ‘experts’ are so consistently wrong. Either the market is so goofy the experts can’t fathom it, or their great intellect and knowledge has crippled their judgement. Maybe they’re quacks. Well, maybe! And as soon as we realize their help isn’t helpful, we’ll be on our way to success.
They’re just crooks. they don’t know how to trade, but they know how to sell their worthless crap as the other 99% of crooks out there. I’ve been around for 4 years, and never met a honest guru. Maybe it does not exist. Only fake gurus, fake accounts, and fake reviews/testimonies. Trust nobody!
James DiGeorgia and his minion who actually calls the trades, Geoff Gorbacz, were able to make some really great calls during the entire trial period for their trading service which was 2 months. The trades gained very well. Then once the 2 months was over Gorbacz had us in 5 positions that didn’t take off as he’d planned. He then had us hold those failed positions through their earnings announcements when they tanked even more. Instead of monitoring a stop for us as he claimed he was doing, he had us hold all the failed positions through expiration. I ended up losing more money than I made in the previous two months. I’ve relearned my lesson about never holding options through an earnings announcement the hard way. I thought Gorbacz was a pro but he proved he’s as big an amateur as me, maybe worse. At least I can cut my losses. He cut off his winners and let his losers run. That’s an amateur.
“He cut off his winners and let his losers run. That’s an amateur.”
No, that’s not an amateur. That’s just a crook and an idiot. He papertrades on hope. Most of the gurus are crooks. They show fake accounts, and fake testimonies.