Thinking Trades

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3 Comments on "Thinking Trades"

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Kim
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Kim
August 16, 2011 1:29 pm
Thinking Trades is trading S&P 500 futures. The subscription cost is $200 per month. The service provider name is Vinay. I was a subscriber for about two months. There are few serious issues with this service. Slippage and commissions: Average trade makes about 9-10 points and you can expect 2-4 points slippage, so on average your performance will be 20-40% lower than the posted performance. He makes about 500 trades, even with the cheapest broker, that’s about 3k in commissions. Risk management: on March 1st, he lost 3.5k in one day. That’s a lot o 25k portfolio. The markets kept… Read more »
Kim
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Kim
September 6, 2011 11:12 am

Forgot to rate.

P.S. The track record is still not updated since 7/7 (two months, it used to be updated every week when things went well) and Vinay stopped responding to emails.

The links to PayPal are still active ($150 for options and $200 for futures) while both services are probably not active anymore. BE AWARE.

Kim
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Kim
October 5, 2011 2:35 pm
He finally updated his performance after more than three months (when he was making money, the performance was updated every week). Guess what? In August he started trading NQ and TF in addition to ES. But in July he opened two ES contracts that were showing 15k loss in August. That’s 60% loss on 25k portfolio in two weeks. So how could he trade two more contracts on 25k portfolio with two open ES trades losing 15k? After such a loss, you would probably get a margin call anyway. Vinay is one of the most dishonest service providers, in addition… Read more »
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