Questions about 2 of Agora’s pitches

By Anonymous Questions, September 25, 2017

Hello Travis,

I am an Irregular Gummie who loves what you do! It is great to have a place to test and validate (or mostly not) all the wild claims out there.

This week I saw a pitch for Weekly Wealth Alert, Alan Knuckman’s ”patent pending” ”weekly paycheck indicator,” which is basically an analysis of spikes in options activity for any stocks, leading to a giant leap in value within about 7 days. He says something called ”fast-cash contracts” are the best vehicle. I wonder what those are. He claims they are not options and are cheaper than the stock shares themselves. This WW Alert is published by Joe Schriefer at Agora. I plan to call and ask these questions but I waited too long today to call from the west coast.

I looked up Knuckman on your website and found a mostly-debunked offering from 2015, I believe it was.

Lou Basinese appears to be about to introduce something along the same lines–predicting which stocks will jump in price. He is called it the M.A.R.K.E.D. system.

I’d love to hear your thoughts.

Thanks for your amazingly helpful, honest, down-to-earth work.

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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20 Comments on " Questions about 2 of Agora’s pitches"

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Travis Johnson, Stock Gumshoe
Admin
8261
Most systems that claim to identify stock movements in the short term like that are going to fail most of the time, at least in the eyes of individual investors who are trying to trade based on those movements. There are whole office buildings full of MIT data scientists creating these kinds of quantitative indicators, testing them, and tracking them, and if they can get it right 55% of the time they make billions… but even they struggle much of the time, because supercomputing means that any regular indicators that should serve as quantitative triggers stop working as soon as… Read more »
dramamama64
Member
0

Thanks very much!

steveflick
Guest
0

Thanks Travis, ditto robbins Oct. 7 entry on this discussion: “Once again, Travis, you have helped save this Irregular thousands of dollars, and more than paid for my subscription.” I suggest any of the Guest or Member entries on this thread subscribe to the Premium membership to become an Irregular membership of Stock Gumshoe.
October 8 I asked similar question to the original above post but (s)he put it much better than I; Lynn in customer service suggested I read this thread. Thanks Lynn!

steveflick
Guest
0

oops, I should have signed in, the above was written by me, a Stock Gumshoe Irregular member – steveflick

EDUARDO
Irregular
2

I really would like to know your thoughts about weekly wealth alert.
Eduardo.

T Wright
Guest
0
I have started to trade Alan Knuckman’s Weekly Wealth Alert, and I would say that I have not had the success with Knuckman’s system as I have with Zach Scheidt’s Income on Demand, which also involve relatively short term option plays. I made the decision to trade with Knuckman, since Zach had recommended him so highly, and I have grown to have a lot of respect for Zach. Knuckman had a recommendation this past week on buying Sept. 29 $17 calls on Twitter, which turned out to be a bust. He has had some other dogs as well, but, I… Read more »
Carol
Guest
0

Is Knuckman’s WPI “Weekly Paycheck Indicator” through his Weekly Wealth Alert newsletter using options (you said “also involve relatively short term option plays)? He said it was not options. What is the investment made in if not options or stocks? Futures, not that I’m up to speed on what they are exactly? Thanks, was considering signing up for this newsletter, so your reply would be helpful. I don’t like them not telling the investment vehicle, as I’m not comfortable with options for instance. Thanks in advance for your answer or from any others that know the answer to this.

Melissa Gurdus Meiselman
Guest
0

I received an invitation to join Alan’s Weekly Wealth organization for $2000.00. I am way below the poverty line with an income of $600.00 a month. I am 74 and would love to experience not having to worry about money. I am an artist but no one seems to want to purchase my work.

vargus1946
Member
6

Melissa,
I can’t speak for the Weekly Wealth Report, but I’d stay away if I were you. At only $600 cash flow monthly, you probably shouldn’t be messing with such things. If it sounds too good…

PS I would be happy to buy an art work piece from you. My email is tvmcguire@live.com

Jeff
Guest
0

Do yourself a big favor and stay clear of Alan Knuckman. I wasted thousands of dollars on his recommendations.

stucow
Member
6

I am disappointed in Agora and Zach Scheidt (whose newsletter I subscribe to). Zach recently endorses Alan Knuckman’s new Agora options service using the following “c’mon” line: ” . . . can help you turn $1,000 into $464,200 . . . .” in a short window of time. True enough. But what Zach fails to say is that the probability of actually achieving this is infinitesimal.

robbins
Irregular
11

Once again, Travis, you have helped save this Irregular thousands of dollars, and more than paid for my subscription. Thanks to you and to the members who posted their experience.

hwbrooks3
Irregular
6

I also subscribed with the Weekly Wealth Alert. Every trade I made was a bust. Stay away.

johngone
Member
0

OK. Thank you for keeping me away from this one. Frankly, Agora products that offer a 100% guaranteed return may be worth a shot, but they seem to be moving away from the ‘free trial’ policy.

Jane
Guest
0
the weekly wealth uses fast cash contracts he calls them which I looked up and they have different names you can google it. It isn’t a safe investment, you have to be in and out with in 7 days. they do put a disclaimer at the bottom that it isn’t typical and you are at risk and don’t invest if you are not willing to loose everything basically. I wouldn’t give anyone $2000 to $3000 to give me adviceuinless I could look them in the face and see their eyes. Google” complaints Agora Financial”. You get your answer, at least… Read more »
ballfan01
Irregular
7

I also got a guarantee from a whale boat charter, once. Sounded good at the time. Paid $100. Then we spent a whole day on the boat. Saw no whales. Got sea sick. Turns out, the last thing we wanted to do was go out on the boat again even if it was free. It’s the same way with these guarantees. Lose a lot of money first time around and the guarantee is not worth the paper er digital media that it’s printed on. The guarantee is pretty meaningless if you lose money the first time around.

Ritam108
Guest
0

Thanks, Travis, for doing all the hard work in analyzing these “touts”.
Isnt there some simple indicator, like a volume indicator, that could be tracked by any broker’s analytic tools? Certainly that is what the MIT quants do…..in a more sophisticated way.
IOW, are we the people cut out of all the big gains and just have to rely on the longterm trend of stocks to go higher? Because, even if this bubble continues for 2 more years, it will burst, and I don’t trust the markets.

Travis Johnson, Stock Gumshoe
Admin
8261

The quants are having a terrible time making any real money right now — too much fat processing power is pointed at the market, so any new systems or indicators that actually work are unlikely to work for more than six months.

There’s no magic, pros aren’t any better at picking the end of a trend… the good ones are just better, in general, at being prepared and hedged and acting rationally.

ballfan01
Irregular
7
I paid $2,000 for the Weekly Wealth Indicator last June. I actively traded many of the recommendations and kept track of the results. Then when I saw the nets of gains and losses were not panning out, I began paper trading the recommendations. What I found was he was hyping the gains but not being truthful about the losses. For the six months ended December 31,2017 the recommendations lost a lot of money. Many of the options expired worthless. These more than offset any of the gains that were made. They told me I could renew for $1,000. I would… Read more »
jasong916
Member
5
I have seen a number of the “paycheck” courses popping up….I paid $999 for one and it was a waste of time – basically the teach you to sell option spreads out of the money with a low probability of expiring ITM (in the money)…which works….until it doesn’t and you blow up an account. What you collect on the spread takes about 10 winning trades in a row to make up for one that goes bad….and the probabilities on option chains are usually wrong – multi standard deviation moves happen way more than the estimated probabilities would imply. The only… Read more »
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