written by reader “Weekly Cash Clock”

By tedebear1, July 4, 2016

Money Map Press is peddling this as a spectacular way of ”virtually doubling your money every week”. ”Weekly distribution contracts” sounds lke just another program for trading binary options. I think there are more than 100 such programs out there, almost all of which have not produced profits. There is supposedly a free successful program created in part by a Richard Vinneron Insider Trading but I kept getting redirected. This is a hard sell – if you don’t sign up by midnight if July 4th, it’ll cost $4995 vs. $2495/yr. Gentlile claims his record is so good because he spent milllions developing software that , for heavily traded stocks in a downtrend (”precipitation channel”), finds covergence points between the precipitation channel, the ”parallel channel”, and the ”convergence channel”. He then adds his own experience and expertise to filter out the recommendations to just one or two. While he points ot the big winners, he provides no detailed track record nor allows for slippage and commissions. I think these magical profits are stricly paper trades. After all, if you had a system that usually doubled your money every week, why would you do anything else?

In looking around the web, there are zillions of binary trading programs – most of which are less than 10% of this price; and generally lacking real money records. Is Mr. Gentile’s algorithim and personal screening worth 10x more? He has a record of creating and peddling other trading systems via Money Map Press in the past and reviews have been very mixed. His ”weekly gains 100% guaranteed or your money back” translates to getting at least 30 doubling recommendations per year with a 2nd year free if he doesn’t. Not quite the same. The ONLY thing that was of interest was the offer of a 100% refund if cancelled within 60 days.

Has anyone had success with any of Tom Gentiles past get-rich-quick trading programs or this one?

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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modernrock
Irregular
July 5, 2016 10:42 pm

So far he is hitting it out of the park

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new2options
Irregular
August 18, 2016 2:41 pm
Reply to  modernrock

Not sure about your definition of “out of the park”–unless it is sarcasm.

I subscribed in late June, but it is now time to pull the plug on this Weekly “Cash-negative” Clock!

Warning #1. There is no trade history chart published on the website. As best as I could piece together from the archive of alerts and weekly videos, performance mid-May thru June ran about 60/40 wins over losses–there were a couple of 100 percenters, but those were the exceptions.

Results reversed in July to become about 60/40 LOSSES over wins. So far in August it is running a little over 80% LOSING trades. Up through mid July, the weekly videos always started with a chart recapping the stats from the previous week’s trades showing wins/losses and their positive/negative gains. Since mid-July, that chart has disappeared. I suppose that negative percentages are not fun to put down in black and white, Instead, the previous week is now just recapped verbally. Usually just one sentence, such as “we had to get out of ABC last week–that’s what cash clockers do to preserve capital.”

That’s it, No discussion of what went wrong. No analysis. No lessons learned….and absolutely no recognition of any mistakes.

Warning #2. Simple Mistakes.

Example 1 – Splitting Up Is So Very Hard To Do!

A couple of weeks ago we were led on Monday into long calls on VXX. Woke up Tuesday morning to find out VXX went through a reverse 4:1 split overnight. Cash clockers were quickly told something along the lines of: “No problem. The strike price is now 4x higher, but it is like exchanging 4 quarters for a dollar–no value lost.”

Oh yeah? Well, here is what really happened: The options we’d purchased on Monday became “non-standard” options on Tuesday and remained at their original strike price. The contract size is where is was adjusted reducing from 100 shares to 25 shares. These “non-standard” options were no longer readily visible for traded–the intent was to trade out of them until exhausted and not to trade into them. Their value had dropped 40% across the reverse split. On top of that, the underlying VXX hiccuped and stalled out as well. Needless to say, that trade was a loser. I bailed immediately at the 40% loss. Cash clockers that waited for instructions stayed in for another day and took a 50% loss.

I did a quick google of VXX and found that other newsletters/websites had warned their followers to pull out of VXX options before the reverse split and to re-enter only after standard options were re-established. The reverse split, the non-standard adjustments, the anticipation of a drop in liquidity– all of it was publicized weeks before the event.

Should I have done my “due diligence” on the trade before jumping in? Heck, no! You can’t take time to do that. In most cases when Cash Clock alerts are released, the option price is spiking upward. Failure to jump in immediately results in either paying at the top end or not getting filled at all. You snooze and you lose! Cash clockers are told that reviewing the underlying for unusual events, dividend releases, earnings releases, etc, is a part of the process performed before an alert is ever released. I guess someone dropped the ball on this one.

Was any subsequent information put out explaining where things went wrong? Any “lessons learned” discussion about avoiding open positions with impending splits in the future? Nope…nada. Just the routine, brief one-liner. It was observed that “VXX was obviously an exit position last week.” That was it. Move on, now…nothing to see here.

Example 2 – The Cat Quietly Slinks Away

Three days ago we were led into a bullish trade on Caterpillar (CAT). It was pushing to highs for the year and Cash Clock’s proprietary indicators predicted a possible push higher–maybe a big one! The recommendation was going long on a particular call while paying no more than $1.20.

So, did the CAT leap up a level? Nope. It sort of meandered through the week. Late yesterday it was a few cents above the start of the week. The price of the long call had moved much either. Maybe it wasn’t going to be a chart buster, but at least we could close out with minimal loss.

And then, BOOM! A Cash Clock alert early today said to close out immediately! Had the cat lept a notch and were we exiting with our desired 100% gain?? Unfortunately, no–it seems the cat had jumped down off the shelf overnight. CAT opened two points lower and our call position dropped in value from the $1.20 range yesterday to the $0.35 cent range this morning. So, this morning we pounced on a 70% loss in order to, umm… preserve capital.

What could have happened? Well…we did receive a quick observation that “CAT earnings have slumped” and it is time to exit the trade. What! Seriously? Cash clockers are forewarned during training sessions about the earnings season. Other sites trading options make it a routine checklist item to ensure option trades don’t overlap a scheduled earnings release date. And, as I’ve stated above, we were told that underlying stocks for Cash Clock recommendations are always vetted for special events. All of that, then we get clobbered by an earnings release? Sheesh!!

Okay, okay!

Sorry for being long-winded and boring. Just stating “Love it” or “Hate it” doesn’t seem enough info to pass on to anyone seriously seeking information when considering a $2K subscription.

One more observation and I’ll close. I am new at trading options and my desire is to learn how to spot potential trades and successfully execute them. In my opinion, Cash Clock may not be the best place to learn the finer points of options trading. There are webinars, guides, and literature offering the standard, rudimentary info on terminology, definitions, mechanics of opening/closing a trade, and risk management. The problem is they only teach how to follow implement their instructions—I saw no promise of growing beyond complete dependency on Weekly Cash Clock.

Tom Gentile comes across as a genuinely friendly, personable and enthusiastic individual. I suppose I’ve made the rookie trader mistake of becoming ’emotionally invested’ (in WCC) and holding on just a bit too long while wishing for it to pan out. It hasn’t for me.

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Steve J
Guest
Steve J
November 2, 2016 11:14 pm
Reply to  new2options

I agree with “new2options” comments. Weekly cash clock is awful. How can a so called professional be so wrong. I got to the point of playing the opposite of his suggestions. the Money Calendar is slightly better but not a great service.

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David
Member
David
July 16, 2016 9:42 pm

Wouldnt recommend cash clock. I tried service for 60 days and got my money back. There were a few winners but about 30 percent winners to losers. Would have done better by scalping the initial pops and running with small gains. Gentile showed charts with channels but his picks that came out on Monday afternoon showed huge volume conpared to open interest. He was just following the big money trades totally crap service just glad i was able to get money back

Saam Sasan
Guest
Saam Sasan
August 1, 2016 2:00 pm

Whatever the ” members only ” high premium investing newsletters are, the reviews are almost always mixed. In a way you can’t ever make a conclusion.
I think that give us a hint on relation between raw data and individual performance.
The timing is so vital to the % gain in any trade. I’m considering to register for weekly cash clock, but like many others there are some doubts for sure.
Maybe directions work if subscriber precisely execute the trade as explained to him/her by email alerts, I don’t sure how it works unless I personaly get through it

hones720
Member
August 22, 2016 11:00 am

I have a friend who is a subscriber. He gives me the recommendations. Since July 26 there have been 7 recommendations that could be entered within the limits he gives. 5 have been losers, badly. If one invested $500 per trade he/she would have lost $1,929.95. $3500 would now be about $1600. In one month. What more can one say?

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Louis
Guest
Louis
September 1, 2016 10:49 am

As many other have said, his recommendations have been more losers than winners. What I’m doing so far is taking the opposite trade of what he recommends and so far I’m reducing my losses. If he recommends xyz month, 16′ call, I just buy the xyz month 16′ put and so far I’m getting results. So you can imagine how bad his picks are….

frankgr
Member
frankgr
September 15, 2016 6:06 pm

All you folks who missed out on that critical July 14th deadline to get into Weekly Cash Clock at half price will be “relieved” to know that I just got a note saying that now the cutoff is September 18. But it’s important to get in Right Now!!! (He says, his voice dripping with sarcasm.)

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Conrad
Guest
Conrad
July 14, 2017 9:12 pm
Reply to  frankgr

Damn I’ll go sign up now!!! for 2 years or more if possible!!!

dexter
Member
dexter
October 3, 2016 12:25 pm

can any one advise me how to get out of cash clock for a refund? I joined in September 3 with no trading experience since Tom pitched a video of 100% accurate “i do all the heavy lifting” trading thinking i would learn as i EARNED $. After a couple weeks of losses i had to open a second broker account to paper trade not only to save $ but many of his 3-leg and loophole trades were above my approved trading level. On the phone I,m told there is a no refund policy in effect but today is only October 3 this wouldn’t be so important to me if I hadn’t got fired from my job this past week. Now Cash Clock is my job and paper trading is not only working for free but I have not seen any double or weekly winners there either as I hoped he would get over his losing streak…my advice is stay clear of this $ sinkhole and toss me a line if you know who where or how i might get out ! 🙁

Faron
Guest
Faron
March 18, 2017 10:49 am
Reply to  dexter

Dexter, if you can’t get your money back, here’s my suggestion if you want to keep using the service. Screen every call he makes (the underlying security – stock ticker) through http://www.AmericanBulls.com; See if they have the stock as a recent ‘Buy’ and on the verge of a ‘Buy’ call if you subscribe to Intraday. If these stocks are coming out of a down channel and converging like he states….The ‘Buy’ signal should be fresh, same day, or previous day…on on the verge….anything else you shock be leery about jumping into. You could trade smaller positions on ones that don’t match up with a ‘BUY’ call or just reject them altogether. Hope this can help.

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phenom77
Guest
phenom77
October 22, 2016 3:08 pm

I signed up for the Tom Gentile’s Weekly Cash Clock when it started and it’s been a disaster. There have been more losers than winners. The hype for this thing was incredible: double your money, week after week, using weekly options. I but in the end I’m losing money, even though I have been following his instructions closely. I don’t see any predictive ability in his model at all; it’s random at best. But if you listen to Tom talking even now, he makes it sound like everyone is making so much money, which is dishonest on his part. I was stupid enough to go past the 60 day trial period and now they won’t give me my money back. Do yourself a favor and stay away from Weekly Cash Clock.

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phenom77
Guest
phenom77
October 24, 2016 8:02 pm
Reply to  phenom77

I am soooooo curious, with Tom Gentile and people like him, about how much money they have made from trading, and how much they have made from selling products and services like this. I would give quite a lot to find out, but I guess nobody ever will.

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