written by reader MERIT PAYCHECK – Trading the QQQs. from Wendy Kirkland

By xiexgp@gmail.com, January 15, 2014

Has anyone had any dealings with this service? All I’m finding is some great commentary and high recommendations from review sites. Is the ”P3 squeeze” for real? Would be very interested in any comments from anyone who has had time to check this out!

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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JCousins
Guest
JCousins

I’ve read a bit of Wendy Kirkland’s first book and received her email promo about her Merit Paycheck service. The results she promises seem too outrageous to be possible. Checking online, at first I only found “reviews” that are actually PR releases if you look at the URLs. Finally I found a blog written by a trader who knows Wendy personally, has read her books, has traded using her system, and has moved on. http://bevjackson.blogspot.com/2011/10/options-animal-wall-street.html Bev Jackson doesn’t trash Wendy at all. She merely says that Wendy’s system works only in up markets so when the market went down, Bev… Read More »

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webmind
Member
👍27
webmind

That’s not really fair as her experience of using her system was admittedly from several years ago. I’m sure the system has been updated somewhat since then, but nobody has the holy grail. In the end, no matter how good the service may be, the buck stops with you. Learn the art and craft of trading and expect to put in many years and some hard earned money in the process.

Bev Jackson
Guest

That’s absolutely true, Dan. It’s not fair to judge Wendy on my very OLD experience when she was first getting started. I only wanted to underline the fact that I spent thousands of dollars on people’s mentoring programs, and lost money in every case. My blog is to encourage people to educate themselves with the TON of available FREE information on the internet. I think Wendy is smart and creative, and not meaning to ever bad mouth her.

Happytaps
Guest
Happytaps

Bev .. is there someone or service for trading options you recommend ?

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Mike
Guest
Mike

I have some doubts. She wants almost two thousand dollars up front with no money back guarantee

FT
Guest
FT

Dan, “that’s not really fair” to be critical of her? There are too many trading advisory services out there making very lofty claims. With that, they better be good! Yeah, nobody has the holy grail as you say. Yet they all claim that they do! And Wendy Kirkland certainly claims she has the holy grail. You sound very naive.

uudsligar
Irregular
👍38
uudsligar

Wait a minute! It’s not advertised as do-it-yourself learning. If I’m going to learn to be profitable by myself, why should I spend $1997 for Wendy’s alerts? This is a product, and as such it should have some value. As for your criticism that this is old data, how about this? I subscribed to the QQQ “merit paycheck” service in November 2017 after seeing Ms Kirkland’s ads for many years. The trade frequency was very low, and the trades were very unsuccessful. I asked to be switched to the Triumph program (trades a selection of ETFs) to have a higher… Read More »

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dlbnext
Guest
dlbnext

Wendy is a Con Artist. She used to have a Monday night open form. Before she came on one Monday I asked those logged on, has anyone made money using Wendy’s P3 system? Not one person had. She has made a million dollars selling Hope and Change , not a system that works. She has reinvented new names for her con over the years., but it’s still a con.

Darryl
Guest
Darryl

Any experience trading options using Chuck Hughes programs?

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janet olson
Guest

He charged $5,000 for the crappiest “service” ever. He’d send a trade, then follow up on it quite a bit later saying, “Opps, wrong strike, or wrong symbol,” or whatever. Happened MANY times. You cannot trust his “service,” as he “inadvertently” sends you the wrong information. I asked for my money back and he told me to whistle Dixie.

Azam Khan
Guest
Azam Khan

What I am finding useful is to attend their FREE webinars if I have time or read their PDF’s if I don’t have time, and then do my own research on the strategy and paper trade. What they are touting are common strategies which are complex for starter traders, paper trade until you are comfortable and then start with small plays!
All the best!

Jack W
Guest
Jack W

Azam Khan, I believe you are on a great path. Traders with a few years experience behind them should be able to watch, read and learn. Some of the free materials out there is all you need to get started testing out a method new to you. The problem arises when beginners want to “jump start” their trading and begin in high gear, Purchasing an expensive alert service can be helpful but it becomes a crutch for many. They get into trouble and blame the system, it is NEVER the trader’s fault. I am NOT an apologist for some of… Read More »

Mike
Guest
Mike

He is a con artist

Patrick Hefley
Guest

Wendy Kirkland is a complete fraud. I used her service and her track record is about 5% winners and 95% loosers – that is the reason she sells her “system”. SHE IS A HABITUAL LOOSER!!!! AND A VERY GOOD LIAR.
She claims 95% success rate and this is completely ficticious – she just made it up to steal your money. And then she gets on the internet and posts raving review about herself. EVERYTHING SHE SAYS IS A LIE!!!

Bill
Guest
Bill

Did you follow her trades exactly and what about all those people that say they make a lot of money in those testimonials? Anybody can win more than 5% of the time trading options.So how can you say she loses 95% of the time? Doesn’t sound correct.How much did you lose? She does have a 12 month money back guarantee if you do not make an overall profit after 12 months you get a complete refund.

Jim
Guest
Jim

Bill, just the fact you ask these questions means you deserve to lose your shirt! Please do join and come back and let us know how you did. And if you think there is some kind of guarantee, I have a bridge I would like you to consider buying. Wendy Kirkland and those associated with this scam should be locked up to protect those poor suckers like you!

Just Say'n
Guest
Just Say'n

Amen Jim.

uudsligar
Irregular
👍38
uudsligar

I subscribed to the QQQ “merit paycheck” service in November 2017 after seeing Ms Kirkland’s ads for many years. The trade frequency was very low, and the trades were very unsuccessful. I asked to be switched to the Triumph program (trades a selection of ETFs) to have a higher trade frequency. I followed the service alerts exactly and my account nearly disappeared within 8 trades. I continued to follow her alerts, obviously without trading them. After one year, 44 trades, the average loss not counting commissions was over 19%. This is current data. I have requested the refund which was… Read More »

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SABERDANCE
Guest
SABERDANCE

About testimonials: Have you noticed that some folks’ testimonials are used to peddle 2 or more different products? Same picture, same words. Such as Terri F (3), Bob and Fran, Robert C., Nathan, Melvin C (3), Laura S., Forrest etc.

Butch
Guest
Butch

Really? If that is true ,how come she gets all these great reviews by people that use her advisory service? Also, how come no one has killed her yet?

Jim J
Guest
Jim J

Butch,
I highly recommend you invest all your assets in using Wendy’s trades and come back here in about 3 months and tell us all just how well you have done.

Grace
Guest
Grace

thank you for mentioning why her system made many lose a lot. this makes your comment very useful as spreads are critical in managing risks. also thank you for mentioning the weakness of her system in dealing with market down trends.

ABishop
Guest
ABishop

Thanks for the excellent post, lots of mail coming from North Carolina home of the unbeatable trading systems. The ad copy is very effective and the price seems so low for a lifetime of trading success . Why would anyone work if trading was so easy? The weekly options systems are also fun to read. Thanks again to stock gumshoe for saving us from ourselves.

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summerpd
Member
👍69

Actually, if you use the P3 system in up markets, you will make money. I have been using it for several years successfully. However, it doesn’t work too well with miners and it doesn’t work too well in down markets. However, if you learn about options, as several here have stated, and apply the extra knowledge you would then bring to the table, I think you can do quite well with the P3 system–just beware of the limitations. I did not see this thread when it started or I would have commented then. I was looking for something else when… Read More »

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Tim
Guest
Tim

The thing is the weaknesses are never revealed. You just get the 95% in my opionon that is not being truthful.

DAVID TAVERAS
Guest
DAVID TAVERAS

I want to know about you service

Steve
Guest

Nicely presented brochure by Wendy…but aren’t they all. Having traded options for years I can tell you that there is absolutely no free lunch. Sure, it’s possible that Wendy does well trading options…at lease that’s what she says and she most certainly is a smart lady..However, trading options for aliving is a pipe dream for most people. Unfortunately I have come to believe that the “gurus” who send out these brochures telling us that making options is so easy that a blind dog with a note in his mouth can do it are not to be taken seriously. If it… Read More »

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Joe
Guest
Joe

I have friends who trade options for a living so I know it can be done. I trade options and have made good money and lost some also. It all depends on that individual and if they will apply themselves and take the time to learn. I get Wendy’s newsletters in mail and I must admit it’s very tempting to join up, but I’ve been in other services that hit and missed on their alerts. No one in their right mind should believe a newsletter that boast of never having any loses. This is not being honest and forth coming.… Read More »

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John s
Guest
John s

Seems a All these newsletter services com from the same source tradewins and they all have a sad story of how they were devasted they make their money selling news letters

dlbnext
Guest
dlbnext

Yes John, any thing coming from that NC address a trash mail.

Ken
Guest
Ken

Tradewinds is a site created by Chuck Hughes – enough said?
View the site and look for reviews on “their piggy banks” – you will see a common trail.

Stephen
Guest
Stephen

I have traded for over 30 years, primarily options. I have experience with Wendy’s system and find it unmatched for timely entries! I have combined it with other systems to be most effective. I usually go further than one week out so that I can sell weekly options against the position to turn what may be a small loss into a profit. It is important , as in any other system, to minimize losses. This is up to the trader to position this. If one is having “huge” losses with Wendy’s system I would blame the trader for poor money… Read More »

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Lori
Guest
Lori

Thanks Stephen! Could you tell me which service(s) of Wendy Kirkland’s you are using?

Sp
Guest
Sp

Could you recommend any others services?

Mike
Guest
Mike

The Options Animal course is expensive and does not make lofty promises but it is good

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dlbnext
Guest
dlbnext

Stephen, Wendy has a lot of friends (paid or not) that will support her. I call it the liars club.