written by reader Velocity Options Trader program?

By cagboulder, August 15, 2017

Has anyone heard of Velocity Options Trader program from Roger Scott at Market Geeks / Options Geeks? Is a ”high velocity pullback zone” a real thing? Or just something he made up?
https://www.optionsgeeks.com/velocity/

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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Rick
Guest
Rick

I’m interested in getting in the program!

ballfan01
Irregular
👍22
ballfan01

Never get into a program where the website and presentation does not provide you with a clear contact phone number. Also be very wary of the sales pitch. If it sounds too good to be true,….. well you know, it probably is. It’s the wild west out there for the get rich quick schemes. Don’t feel pressured to sign up. Here’s a little secret. They need you more than you need them. Don’t be in a hurry. Research those making the pitch on Stock Gumshoe. You’ll be glad you did. Saved me thousands and a lot of headaches. These promotors… Read More »

tlee404
Member
👍6
tlee404

Also would like to hear from any one who has experience with any of Market Geeks offers. His now offering another program call Titan using NASD stocks & options with fantastic historical results.

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Chris
Guest
Chris

I bought his Titan Program. It’s a net loss over the last two months. I stopped implementing his recommendations.

PJfirst name
Guest
PJfirst name

Thank you so much for sharing – he sure sells it hard doesn’t he. Sounds like a good concept, basically using a bond proxy like the VIX or SPY puts. Impressive numbers though, if they’re true. Sorry you had a bad experience

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lsanga54
Guest
lsanga54

I joined in mid 2019. Results were never great and quit using it. This huy seems to be a sammer because he sells so manystrategies, each with a diffrent gimmick. He makes money selling products and services

ford
Guest
ford

Never get into a program where the website and presentation does not provide you with a clear contact phone number

cuewizard
Member
👍1
cuewizard

Roger Scott (same picture in both marketing schemes, so same person) is now pushing a program he is calling Alpha Rotation. It seems to be a plausible protocol where you or he determines the stage of the economic cycle that currently exists, know what sector ETFs do best in that cycle, and invest in the ETFs or their options accordingly. Investments are often in ‘clusters’ of ETFs or their options. He wants $1497 for an annual subscription. Anybody had any experience with this? Superficially, the plan seems ok, but his guarantee is just another year of the same service, which,… Read More »

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PJfirst name
Guest
PJfirst name

So true – always amazes me how these various “professional trading companies” expect traders to cough up significant dollars based only on what they say and show – no real proof, no trial. Do they not know how many just like them are out there cluttering our inboxes every day????

producer
Irregular
👍6

His latest is the Catalyst Alert program supposedly spotting Russell 2000 stocks about to take off. The logic seems OK – but the premise of just follow the recommendations to make tons of money – a bit too simplistic. And of course – normally costs $3997 – but now just $1497. Seems like a come on.
Has anyone had any experience with this or any other Market Geeks trading programs?

jhsundin
Member
👍13
jhsundin

Just listened to the 9/26 @4pm online presentation. Says he’ll answer questions, but doesn’t. Asked how he chooses analyst which is primary to the “Catalyst Alert” program who seem to be primary drivers of these volatile predicted upswings……answer back by text, “Proprietary program…”. I have request a call back for my questions……I’ll jump back in if given any cogent answers……

mnmgarrett
Member
👍15
mnmgarrett

yes I signed up and I just posted a comment about it today 3/20/19. Here is what I wrote to Roger Scott’s Billionaire Breakouts: “After looking at your Catalyst Brealouts Optons Model Trade tracker I see that overall you have losses that out way gains and the grand total from 8/06/18 to 3/11/19 is a loss of $15,523.00. No wonder you don’t give refunds. Your service sucks!!!!!! your wins of 19 while your losses are 56. A monkey throwing darts could do about the same….or better! The stock trades also are negitive return. After 6282 trades the total amount invested… Read More »

PJfirst name
Guest
PJfirst name

Thanks for posting Michael. I asked him on his Wealth365 Summit presentation today 4/9/19 what happened to his hedge fund and he gave me a pat answer about too much regulation……could be but more than likely he blew it up.

Laurie
Guest
Laurie

Sadly, I joined the Billionaire Breakouts about 2 months ago, and it’s been all losses so far. First time I have tried a service like this.
While most of the rest of my portfolio is gaining, his recommendations have been losers. What a disappointment and a waste!

anbu
Guest
anbu

I got the automated millionaire and loosing money on his recommendations. My own selections were actually making me money and after implementing his for just 2 weeks lost every bit of profit I had made for 3 months.

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ford
Guest
ford

hi Anbu
please mail me on ford7k@gmail.com i want to ask some doubts. i was just about to buy it. after seeing your comments i dropped the idea.

lsanga54
Guest
lsanga54

This guy is a fraudster. The monkey analogy is perfect. He’s cocncocted over a dozen strategies to sell, and one of them is at least making money, then promoted via affiliate partners, like Todd Mitchell and Tradeshark.

Sif
Guest
Sif

I agree, I tried to find reviews on Roger Scott, didn’t find anything negative, the applied (lol) to do his first Bootcamp course which I did for around $3000- $4000 area, learnt a little, but nothing solid or anything I didn’t already know. The whole point was to learn Options. Was questioning much of his teachings and signals and was basically blacklisted to a point, not returning emails etc. Then the other day he did a presentation with serial scam artist Rob Booker stating Booker was the best FX trader in the world, At that point everything became very clear… Read More »

Paul
Guest
Paul

It could be that doing the opposite would be a very profitable strategy. If he says to buy calls, buy puts instead, etc.

Roger
Guest
Roger

I found a charge to my CC of 1497.00 for something I supposedly signed up for. This is a total scam. Does anyone know how to contact this crook?
His website contains no info such as phone num, email address, etc.

Jim Jones
Guest
Jim Jones

Dispute the charges with your bank. They should reverse it. Let all readers beware, if it sounds too good, it most likely isn’t.

Jim Thomas
Guest
Jim Thomas

Don’t do it

Alan
Guest
Alan

So, don’t know what possessed me to join, but I paid the 1400, and the win rate has been about 15 % for the last 2 months. He said that’s what to be expected in a down market, so I’ve laid off of the recs, perhaps until if and when the market begins to show signs of life. Otherwise, I’ll eat the fees. I’m usually not that impulsive, but I got suckered into it. The promo was very slick.

Alan
Guest
Alan

I’m referring to the “Catalyst Alert” service

timratliff
Member
👍1
timratliff

Just finished the hour and 45 mins. sales pitch which I found ridiculously long… The approach does sound intriguing, but I’m sorry to hear that his results don’t match his claims. He says that his strategy works great in up and down markets, apparently that’s not the case.

ford
Guest
ford

high velocity optios seems to be good concept.it was used by paul tudor jones(with 200ma). you take stock in strong uptrend as qualified by relative strength RS, and look for pull back that is neither shallow nor very strong but moderate to bounce upwards from a high velocity barrier.This barrier on daily charts comes up at lower bollinger band of bb(10-1.5) and price never to drop below sma50 line before bnounce up. the scene is combinatiion of long term uptrend and short term down trend and looking for a reversal from pull back low.we buy calls if bounce shows up.… Read More »

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tim l
Guest
tim l

I have subscribed to 2 of his programs, unfortunately the track records shown were for the long uptrend we had. I have stopped trading them since the results I have gotten don’t come close to the previous history. If you are going to subscribe I would wait until you see his track record during good and bad times.

Frederick wright
Guest
Frederick wright

No!No!No!….. so far so bad. 6 weeks into his recommendations after paying 1495 for the non refundable signals….results….down 27% on my trading account. Approx. 1500 dollars lost so far. If you want to make roger scott richer try his amazing Greek named theta beta and alpha options. You’ll get broker while he gets richer.

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DevilYell
Member
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DevilYell

Roger Scott (not his real name) is another fraudster. I have contacted him several times asking for proof of his programs’ success. Never any reply. He operates out of a Mailboxes, Etc. in LA. His companies, their fake addresses, and the trading programs change with the weather. Pitches are as slick as they are fake. Packed full of cherry-picked, phony trade examples and bogus statistics. One of the first to use a canned (phony), attendee comments window to create the illusion there are a lot of folks crazy for the program. If his lips are moving, he’s lying. Have you… Read More »

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cyclestar
Irregular
👍9
cyclestar

Why do you think that Roger Scott is not his real name? Roger Scott is also associated with WealthPress and the WealthPress LLC doc show Roger Scott as his name, so I think it is his real name. Roger Scott A, M, B, R Scott Roger Address 216 SETTLERS ROW NORTH, PONTE VEDRA BEACH, FL, 32082 I did see this below in searching for Market Geeks but I don’t think it’s the same. Market Geeks, LLC is a Nevada Domestic Limited-Liability Company filed on December 30, 2005. The company’s filing status is listed as Permanently Revoked and its File Number… Read More »

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tmi
Guest
tmi

I’m pretty sure that is his real name, his programs are also sold by Todd Mitchell so I’m pretty sure it real. As I have previously said I subscribed to the Titian & Alliance EFT Trader programs. With the market dropping at the end of the year his programs did not do well and I stop trading them. However if you take a long term of one year or greater you probably make money. But I don’t thank any one of us wants to wait that long. That said it will probably make money when the market recovers and does… Read More »

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cyclestar
Guest
cyclestar

Sadly, I got caught up in Roger’s marketing (which is very convincing, he is a great presenter) and signed up for several programs, not realizing how much I was spending. Money I could now use desperately, but my requests for even a pro-rated refund have been declined. As far as the service goes, I signed up in Aug/September and his recommendations were mediocre, mostly losing, losing a lot if you used options. I’m sitting out now. Again, in the long run I think Roger’s programs may be good, but you know, you pay him to be a guru so he’s… Read More »

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CC Miami
Guest
CC Miami

I bought Roger Scott’s ” Momentum Factor” for $1500.00
and I am very disappointed with it.
Loses far greater then the few wins I have had…definitely
stay away from any of his products.

perennial
Guest
perennial

I am sad to hear about the negative experiences people have with this vendor Roger Scott. For the last month or so I have been following the promotional videos and other information, not that I intend to subscribe. I have been trading over 50 yrs and was present or involved in many of the landmark events he is referring to in the description of his his background. Sometime around 1980 I was invited as a floor trader to come in on a Saturday for a mock trading session for some movie (Trading Places), my wife said “no way, we are… Read More »