written by reader John Jagerson and Slingshot Trader?

By tbone3506, August 5, 2012

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.

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.

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Joe
Guest
Joe

I tried the promotion some time ago, lost some money but traded very few options as recommended, I think their claims are a bit imaginary.

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Edward
Guest
Edward

I’ve been with the service for three months and it’s been very profitable with more winners than losers and with a couple of 100 % winners and one just last week of almost 200%
It’s also great that there is a meeting once a week that they discuss the market and their expectations and then the go over the positions held one by one and then they answer all questions.
So far it’s been really good and worth every penny!

dick
Guest
dick

Thanks for all these excellent reviews—- saved me a lot of research / heart break.

Charles Mallett
Guest
Charles Mallett

Charles Of all the comments listed , only one dissenter …Edward . he is obviously doing some thing special. Not enough to cause me to be tempted to join him ! Especially after the 5 year analysis of Slingshot results !

dgawley
Guest
dgawley

This is a current message– avoid them like the plague 2016 was an awful year with them — many more losers than winners and their hype shows only the winners — nothing about the losers!!! Regret ever joining their service

dana
Guest
dana

Been with them for about two years off and on. Same results as all the others 50/50 on their trades and can have sustained losing streaks. AVOID THEM and save your hard earned dollars

jerryjosh
Member
👍12
jerryjosh

I joined Slingshot in December. So far I would have to say that their service is better than the dozen or more other services that I have tried. I trade most all of their suggestions, but do very small amounts, never more that $400 invested in any trade and most of the time I only put in between $200-$300. As of March 1st I have entered 34 trades. 15 winners and 13 losers with 6 trades still open. To date I have a net positive return of $1,640. Not great, but like I said, better than any of the other… Read More »

Robert
Guest
Robert

Hello. I have been on Slingshot Trader for around 2 months. I’m totally disappointed with their losing alerts. I asked for a refund due to the losses I took on 3 simultaneous trades. They refused. I’ll never deal with these folks again! I’ve been on many free stock sites that put them to shame.

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Robert
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Robert

Hello. I have been with Slingshot Trader for around 2 months now, and have done 3 trades with their alerts. All 3 were done in the last 2 weeks. They put 2 recommendations on the same trade in a short period of time, and the day after the 2nd recommendation to buy, they put out a sell recommendation, after myself and I’m sure many others had doubled down. I’ve been with many different stock services and do have not been let down like that. I gave them another try just after that loss, and am down approx 18% on the… Read More »

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BobN
Guest
BobN

As you will find out, trying to make money by BUYing options, especially from reco’s off an advisory service like this one (and many others that promise consistent profits, Sarnoff, etc) is going to be a losing proposition over the long run. That’s because, if you analyze things mathematically, the probability of winning on long option trades is low – usually less than 25% – you must get not only the direction but the timing exactly right or you risk losing all your investment. Since options are constantly depreciating in value, especially short-term ones, like weeklies, most will expire worthless… Read More »

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guest
Guest
guest

ONE ADVISE. STAY AWAY FROM SLINGSHOT-TRADER. You will do better in Las Vegas or Lottery.

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Andy
Guest
Andy

Here are most of the closed trades from 6/26/17 thru 8/9/17.
You can do the math. I’ve been a paid member for a couple of months. According to my math and their closed trades, You would have lost 3x your money if you took every trade they offered in 2017 thru August.
-64.17% 8/9/17
-50.00%
-45.51%
38.89%
44.44%
39.53%
21.54%
-30.00%
-46.94%
7.25%
-55.75%
43.23%
-3.66%
-53.39%
42.13%
-74.29%
50.94%
-35.94%
-35.94%
-48.47%
-36.64%
-2.45%
-57.43%
50.00% 6/26/17

Mark
Guest

I started a trial in April and on my first trade (GLD Calls) I lost over 90% of my investment. I decided to watch for a few months and it seemed like they were making some money so I jumped back in during August. I traded every one of their recommendations (except one). I still have a couple of open positions but it looks like I will end up losing roughly $3500 trading 5 contracts on each recommendation. I did miss one trade because the option price was substantially higher then their max price recommendation before I got the email.… Read More »

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John
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John

Hey Mark Thanks for the heads up on Slingshot trader. I was about to try their 3 month trial but after reading your comments (and a few others) , I will definitely take a pass. Right now I’m on a month trial with Bernie Schaffer but so far,this hasn’t gone well with many of his recommendations so I won’t be renewing with him either. I’m thinking of trying either Bill Poulos or Chuck Hughes as from their videos and various online articles they both seem to have some good trading and risk management strategies but they are very expensive and… Read More »

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Scott Paul
Guest
Scott Paul

As I posted before, it unlikely that 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… Read More »

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Cathy
Guest
Cathy

Hi Mark,

That might not be a bad strategy as I have been getting options rec from Daily Options Alerts newsletter and encountered more than one of their recommendations on puts when the stock had just begun an uptrend. Weird I know but I guess it’s some kind of play on words?? Well a signal is a signal and you get what you pay for I guess. May I ask why you only broke even when you executed the opposite trades and should have won those trades that were in the money??

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Scott Paul
Guest
Scott Paul

From their latest email: Most people aren’t cut out to trade options. Their expectations are all out of whack — 500% profits from a trade are a rarity, not a given. And nobody — no matter what they claim — ever banks 55 winners in a row. So please, don’t believe those get-rich-quick claims. And if you do decide to give options trading a try, make sure you have good reasons for making every trade. Don’t trade Netflix or Facebook just because they’re “hot.” And please ignore the 30-second soundbites on CNBC. One final tip: It doesn’t matter how good… Read More »

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Steve
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Steve

I wish I had found this site before losing $5k this year with these morons. I guess there is no recourse or method to get the losses back and these idiots out of business?

Gabriel R Georgeian
Guest
Gabriel R Georgeian

I did join a company in England GlenRidge Capital .they do not exist any more . Puff my 5K . Why the Government does not tract these shady business ?
they are lose animals in the land . thanks for the input . ( also the credit card company is on it too . within 24 hrs they would not cancel my charge. they work with the crocks .

k

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PETER H OLTERSDORF
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PETER H OLTERSDORF

Hello, all the option advice gurus do not teach you how to profit in options.I tried a few,never made a profit. The best way is to subscribe to MARKET CLUB !! There you find TRADER TRAVIS.[or google him] He teaches you how to use MARKET CLUB and how to trade options . I only am a member for 2 weeks and I made a $ 2100.00 profit trading VERYconservaivly on a $10000 account . That way you learn to trade options the right way and you do not have to rely on anyone to tell you what to trade.By the… Read More »

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Cathy
Guest
Cathy

Hello Peter, thanks for your input on Market Club I have been getting their newsletter as well for some time but have not signup for the premium services yet. How do I sign up for their options service and get mentored by this trader Travis. What is their approach to trading options?? Are their training?? Much thanks for any input.

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jillsami
Member
👍154

Bill Spetrino’s By Invitation Only forum, and his Inner Circle will help you make good returns investing in options., Bill is always available, as well as other option trading members.

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petegolfer3333
Member
👍0
petegolfer3333

Completely agree. The Inner Circle has had good ideas re: trading, but the BIO (by invitation only) service is a fantastic array of investing ideas and talents, all monitored by Bill Spetrino himself. When I’ve posed a question to him about an option idea or rationale for a trade, he personally responds very quickly. Certainly worth the price of admission!!

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