written by reader Jim Rickards Impact system

By jussmokey, October 26, 2015

It looks like currency trading to me but has anyone tried and been successful with his system.?

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jmark1845Anita FazioRobert EstesTravis Johnson, Stock Gumshoe Recent comment authors

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Travis Johnson, Stock Gumshoe

Hi smokey, I haven’t looked into that one personally but our readers have had a great discussion of it over the last few months — you can see that here: http://www.stockgumshoe.com/2015/05/microblog-jim-rickards-impact-system/

Robert Estes
Robert Estes

I paid for it, and cancelled within 4 hours. Here’s why and what it is: It’s a ‘super-secret’ trading program buying calls and selling puts on any currency that is trying to affect another currency: currency wars he calls it. The reason I quit so soon is that I looked at their current portfolio and it’s down over 200%. this past Friday. They explained to me that these are long term trades. I looked at their recent closed trades, and the loss was almost identical. And majority are 3-4 month trades. I have thrown in the towel on Agora Publishing… Read More »

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Anita Fazio
Anita Fazio

Thanks for the input. There are so many newsletters and it is almost impossible to decipher what their intentions are other than to make money for themselves.
Glad I belong to Stock Gumshoe.

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Amen to that. I am a subscriber to some of the conservative newsletters and I get bombarded with the other junk on a daily basis. If something catches my eye, I look it up on Gumshoe for the nitty gritty on the new offering and my urge just goes away. Poof! Logic wins over emotion every time.
Thanks Travis