Ten Stock Trader by Stansberry Research
by micheleapurcell | October 15, 2018 3:41 pm
Has anyone but me subscribed to this new $1500 Newsletter? I have been trading with Greg Diamond since April and am currently down $1200 on 20 trades. So I give him 1 star.
Source URL: https://www.stockgumshoe.com/2018/10/microblog-ten-stock-trader-by-stansberry-research/
Hi Micheleapurcell,
Are you still subscribed to this service? How is it performing so far? I’m curious because I’m looking at trying it out myself.
Also, I saw in some of your other posts that you are subscribed to many trading newsletters. I myself am a member of a great many newsletters as well. Most of which are crap but some of them are really really good. Would you maybe be in for comparing notes?
The reason I’m asking is because my most important criteria for choosing a trading service is their historic track record. And that’s the one thing most publishers don’t reveal until after you subscribe. Maybe I can send you some performance information on my trading services, and you can send me some of yours?
If you’re up for it, send me an email on alexander.west.88@outlook.com. I’m always in the market for some valuable info, I hope you are too. I’m looking forward to your reply!
Best regards,
Alex
Hi, were you able to get an answer on this service. Would appreciate any new feedback on this. Cheers.
Ten Stock Trader is an absolute loser since Stansberry promoted it as a big event changer 12/23/20. Just check their web site for current and closed positions. Many 100% losers and few winners.
Just read Ten Stock Trader daily post on Stansberry. Last Wed (2/10/21) he shorted FCX, my best stock, CAT, SMH, and more I can’t remember. April puts, things are going south big. Come on man what is the logic on this one, some weegee board session? We will see what happens to these stocks now. The proof will be in the pudding.
ouija board.
The pudding is rancid. How can Stansberry support his performance? He brags that his job is safe, he is successful without an MBA and has a great history of success. This is the only Stansberry product that I have and it certainly does not elevate the integrity of Stansberry promotions.
I believe it was ahead of Christmas that this guy forecast the crap would hit the fan big time. Lots of marketing left and right. Nada happened. Fast fwd to today, and again – a deluge of mails from associates to heed the advice as the Mother’s Day (10 May) yet another reckoning is looming.
“Many people have dismissed my strategy as “financial fortune-telling”… “hocus pocus”… or “financial astrology.” One man even dismissed it as a “load of crap”, full of “stars and moons stuff.” And yet… You could have doubled your money 8 different times with my recommendations last year alone.”
They are always short on telling how many losses happened meanwhile…
I made the mistake of joining and the first thing I looked at was closed positions in the portfolio, and there were a lot of 100% losers, and some winners but overall maybe a break even service. Definitely not worth the money. I now have to look to change to one of their other newsletters since you can only get credit to use on other Stansberry newsletters. I hope they have at least one good newsletter. This is the last time I will deal with Stansberry that is for sure.
I keep getting their ads also – that is why I am so grateful that Stockgumshoe is here to give us the real scoop. I am a member from years ago of the Stansberry Alliance which I pay about $150/year maintenance. I mostly check out the Daily Wealth Trader for options trades. From these trades I usually make 2-3 times what I need to keep paying Stansberry my annual $150/year to maintain my Alliance membership.
Now the good stuff.
If you know about options: selling puts and covered calls and maybe even spreads, then you really should check out Traders Reserve Options Income Blueprint (OIB) with Michael Shulman. I am now a lifetime subscriber to OIB and for me even better I actually joined his Income Masters program. I will tell you I am an old guy (73 tomorrow) and I have checked out numerous “gurus.” I lost money following most of their advice. Michael Shulman is the real deal. BTW, I get no referral fees for mentioning this – wish I did.
I suggest you start off slow with his OIB – just join monthly until you decide this does work. Then switch to annual and maybe look into his other services. I have been a subscriber for years.
Hope this helps.
Losing money on Ten Stock Trader while the markets are up double digit YTD. I suckered for his promotion of Big Event 12/23. paying $2,000, but never experienced a big change in market. Have found no-one at Stansberry willing to defend the program or guide me to a better performing program. Look at Diamond’s current holdings! He vacillates and prophesies big technical timing events, but the markets modestly undermine his predictions over time. Beware!! Check out his current advised holdings. Great writer, underperformed.
It is incredible how Stansberry can boast of Diamond’s million dollar prior successes, but how much he underarms the indexes with his current program choices.
Gred Diamonds performance
I signed up with Gred Diamond. I found data that he showed to he management that contained about $8.000 dollars that put in to make his management theink he was making profits. Bottom line he was barely braking even over a years time. I complained and told them that he had lied and I wanted my money back since thier ads we fraudulent. They finaly gave in and gave me the money back. This was late 2021.
You can leave a review for Ten Stock Trader on our Newsletter Rankings page, here. We’d love to get your opinions. Thanks!
Yes. I unfortunately also bought his newletter. It is 2022 and it is still garbage. He sends out market “updates” a couple times a week. The updates say (with a lot more words) the market will go up, down or sideway – we will wait and see! When he does make recommendations, it is after the recommendation made a move. You never get in winners but always get in losers as it reverses course. Maybe 10% of the winners are recognized at a 10%-20% profit. The rest are losers at 100% loss. The guy is a con artist at best. Save your money and stay away. This certainly gives Stansberry Research a bad name.
Evaluating TEN STOCK TRADER (TST)
TST has evolved as a service where the only analyst, Greg Diamond, now pretty much recommends only straight option plays. (That is the simple straightforward trading of calls and puts. No multi-leg strategies and no naked puts or calls.) I suspect he would do more multi-leg options, but decided it is better to keep it simple for his general subscriber.
To TST’s credit, no investment advice service is more transparent for evaluation than TST, especially since Jun-17-2021. That’s when it began giving a volume-weighted average price (VWAP) for the 20 minutes after his buy/sell recommendation went out. This is the absolute ideal for historical evaluation of an analyst, but which practically nobody else does.
As of today (Oct-14-2022) TST has made 69 recommendations in its “VWAP Era.” (67 straight option plays and 2 “strangle” option plays.) Counting his three open recommendations by their current standing, he has 46 winners and 23 losers. As is the nature of straight option investments, the losers eat a lot of capital, losing an average of 83% . The losses in straight option trading strategies will always test your steel. The inevitable losing streaks are gut punches for those who are unprepared and not managing their risk.
TST’s winners average a profit of 70%. Besides there being a lot more of them, the winners also have the edge of freeing up your money much faster than the losses. The average days held per invested dollar for the losers is 47.2 days versus a speedy return of just 18.1 days for the winners. Note that Diamond’s expertise is as a short-term trader, even by the standards of a straight option trader. His overall average days held per invested dollar is just 26.9 days.
The overall profit for TST in this period is 23.5% . In the same period the S&P 500 LOST 15.3%. That’s outstanding. It is even better when you consider the fast turnover in trades. The annualized return per time of each invested dollar is, get this: 319.4%. (Annualized return of S&P500 for that period is -14.2%).
As with any advisor following a short-term straight option strategy, TST is going to have some unhappy subscribers who don’t have experience with the type of volatility in this strategy. It doesn’t matter how good you are — and in my opinion Greg Diamond is excellent at this strategy — you are going to have bad streaks to go along with very good streaks. Depending on when you became a subscriber and the degree to which you vary from mirroring his recommendations in the most extreme streaks is going to shade dramatically what you think of TST.
What I have given you is a controlled scientific evaluation of the 69 recommendations in his VWAP period that is repeatable for any subscriber who wants to put in the work.
It is possible to juice the returns from TST by layering on other strategies. I use three myself with significant effect, but this is about TST without my expertise, so I will leave it at that.
Sounds like a paid advertisement for the service. The statements are not accurate, the quote of recognized returns are not accurate. The account of days in trades is not accurate. And certainly the numbers don’t reflect the trades where the service entry and exit point never hit.
You can say Greg Diamond is on a losing streak. His service has been on this losing streak for years. Just read the above entries. He called his subscribers who are questioning his losing strategy ‘Losers’.
Anyone who does real research will find a common theme. Anyone throwing money into his service should not be surprised when they recognize the same results.
Bosh, I am simply an investor of 35 years whose day job for 40 years was in science and research. No one paid me. No one asked or otherwise solicited this study. I don’t know Greg Diamond or anyone else associated with TST. I did it to satisfy my own curiosity, and I shared it because that is what this site is about, helping each other to evaluate investment advice services. You, on the other hand, are a classic example of what tends to ruin the usefulness of a site like this. You are a talk-off-the-top-of-your-head ass who would never do the work to try to back your claims, and if you did you would see they are baseless and patently false. Every statement is correct and verifiable as such. Anyone who would like to receive the supportive excel spreadsheet can send me that request through an online contact page:
https://baseballspastcom.square.site/contact-us
Those of an “election-denying” mentality will still claim, without evidence, things like the data entered is wrong or incomplete, but if you are a TST subscriber you will be able to verify that the list of 69 buy and sell recommendations is truly complete for the stated period (6-17-21 to 10/14/22), and that the dates and VWAP figures are accurate. If you do that, I would appreciate your adding that verification to this site.
Science lives.
Your data is not accurate. Period, end of story, mic drop.
How long have you been a paid subscriber of his service? If they made these claims on the website, there would be a lawsuit for false advertising. Post your data instead of throwing out invalid statistics. The service was caught posting entry and exit points that were never reached after the time of the post. They removed all of the historical data to clean it up.
Ten Stock Trader service is a black eye for SR. I bought into the hype, I lived his bad recommendations, I listened to his updates telling subscribers the market will go up, down or sideways…we will see …… in EVERY POST! I witnessed his arrogance and saw his newsletter calling subscribers Losers who chose not to continue to follow his service.
You certainly are very defensive of Greg Diamond and his services. If you didn’t have ties, you wouldn’t be so supportive of a service that loses serious money for its subscribers. You setup a website for people to reach out to you to get information about the service. Surely an impartial user of the service would not waste time or money defending a losing newsletter.
I get it … subscriptions are down, SR is questioning their relationship with him, maybe a bit less of a in-your-face approach would get peoples attention. I have plenty of paid subscriptions of newsletter, but I don’t create websites for people to reach out to me for inaccurate data to defend a losing newsletter. Any normal investor can see your motive.
There are enough posts for people to be able to see the truth. Anyone who puts money into this service should not be surprised when they get the same result as everyone else.
Is there a format here for posting it? If so, direct me to it. I’ve already offered to send it to anyone requesting it, and given directions to an online contact page so they don’t have to post their email here.
Amazingly, you try to use that to attack me as well. You wrote: “You set up a website for people to reach out to you to get the information about the service. Surely an impartial user of the service would not waste time or money defending a losing newsletter. ”
I know it’s not your style to actually check something out, but if you had, you’d have quickly realized it is an existing contact page for a long-time business that I am associated with. Doesn’t cost me a dime to use it this way, and the only time involved was the two seconds to type the address. As far your repeated references to a “losing newsletter,” the cold hard irrefutable fact is that for the last 69 recommendations the ratio of winners to losers is 2-to-1.
Your experiences are your experiences, and you can portray them however you like, and I applaud you for sharing them.
My choice out of lifelong habits from both careers and hobbies is to provide straightforward facts. I gave the results of all TST recommendations since the service started posting a follow up to each recommendation that gives the 20-minute VWAP price. As noted that began June 17, 2021, and through today covers 69 recommendations. You can go through all the gyrations and asshat comments you want, but the facts remain the facts.
You apparently refuse to believe I don’t know Diamond or anyone associated with TST, and you try to gain traction off the fact that a negative can’t be fully proven. But I was only correcting your assumption. It makes absolutely no difference. I could be his father and, again, it would not change that the facts are the facts.
I had to smile at your childish attempt to blow smoke in writing: “You certainly are defensive of Greg Diamond and his services.” I certainly am defensive — of the truth.
Diamond and TST? There isn’t a dime’s worth of difference between how I treated them and how I treated High Alpha in a prior post on that service. In both cases I did a factful examination of a sizable number of their recent recommendations. For TST, the most recent 69. Off the top of my head I don’t have the exact number for High Alpha, but I know it was over 50.
Science still lives.
I got his spreadsheet. Looked good to me and he seemed like a regular joe in his email. I decided to subscribe to Diamond’s service to further check it out. Haven’t checked every figure in spreadsheet, but haven’t found anything that is off. I’ve now completed two trades with the service. Made 10% in 10 days on one and 17% in 17 days on the other.
How embarrassing. I repeated the day numbers in the profit column. The return was much better than that. It was 45.7% in ten days, and 31.6% in 17 days.
What did you pay? Hopefully you got the 30 day money back guarantee.
I’m not sure what trades you are referring to. There were no entry/exit trades since Nov 4. His latest trades expired worthless last Friday because his exit never hit. The latest exit position was a $2.3 exit on a $1.75 -$2.55 entry. Outside of just poor trade recommendations, the biggest problem of this newsletter is he bases he returns on entry and exits that never hit.
But as a “subscriber” that said they joined Nov 4th but got in to a trade from October 19th (hmmm)what are you claiming was your entry price?
If TST devoted more time to improving their trade recommendations instead of paying firms to post skewed data they might be able to save a sinking ship.
I joined Michael Shulman OIB newsletter after it was mentioned in another post. So far I have been happy with returns. If can only get credit from SR when cancelling TST, Advanced Options is a good alternative. They have a feedback form for subscribers to post entry/exit and use this to confirm their returns. If subscribers can’t get in it or if trade, Advanced Options posts appropriately. Overall they get good option returns without using covered calls as the strategy.
It’s a low bar for a newsletter to be honest and transparent with subscribers. But apparently too high s bar for TST.
I had to laugh at the latest market update. Anyone who reads the letter knows he covers all angles to claim he is right…. Market will go up, down or sideways is his typical go-to with much more wording. But lately his market advice was…. we are seeing a bottom being created in some stocks but some will continue to drop.
I never said when I subscribed. Nov 4 is the date of my post reporting the RESULTS of my first two trades. Today I closed my third, making 32% in less than 24 hours. Bought yesterday afternoon’s recommendation at $3.30 and when he said to sell this morning, I got $4.36.
You are a stone-cold liar in your claim “his latest trades expired worthless last Friday because his exit never hit.” He did not have any trades expiring last Friday, much less being worthless.
What he did do last Friday was recommend closing one position, the XLF option, and the average price in the 20 minutes after his recommendation was a 32% profit over the 20-minute average following his buy recommendation. That is less than a percent different from my actual profit. I’ve now experienced prices around six of his recommendations (3 buys, 3 sells). In the five cases where my order was filled in the 20 minutes, my price was always less than 2% away from the reported average. I was still around 3% for the other one where I was a little slower, more in the 30-45 min range.
LOL. Yes of course it doesn’t sound fishy when all of the feedback on this forum explains how trash this newsletter is then suddenly someone says hey I’ll throw $3k+ at it and see if it works because I can’t use Stock Gumshoe to find quality newsletters with positive feedback from subscribers. And yes his recommendation did expire worthless because his exit recommendation never hit (as many don’t). But that doesn’t fit your narrative so I understand why you want to pretend it didn’t happen.
I do agree with you that when his winner top out at 30% he would have to have 4 to 1 win to loss ratio to be better than break even. They should change the slogan from “Risk 100% to Make 100%” to “Risk 100% to make 30%…..sometimes”. At 30%, this newsletter would have to have all winners for years to get back to break even. As a general statement, a subscriber should run from any newsletter where losses are 3x+ more than the winners. The math just doesn’t work. Luckily there is plenty of feedback on this forum starting in 2020 all giving the same message.
Thank you for confirming the newsletter is still garbage. At this point there is plenty of feedback on this forum, not paid for, painting a painful picture of the reality of buying into Ten Stock Trader. Anyone who puts money into this newsletter subscription should not be surprised when they get the same losses everyone else in this forum described.
In the words of an overpaid charlatan…..We are watching and are seeing patterns emerge in the market. Expect we will see a move upward unless the floor doesn’t hold then we will see a drop. Until then we will most likely see a move sideways.
If you are simply going to keep repeating your lies then have the balls to name the recommended option you claim expired worthless that Friday (Nov 4). Again, he had no options expiring that day. He did recommend closing an option that day, which has a Dec 16, 2022 expiration, which even now is a month away. And then you continue to double down on your further lie, saying “his recommendation did expire worthless because his exit ecommendation never hit.” Besides there being numerous opportunies that day to sell ABOVE the figure he gave, you could still do it right now today! “Never hit,” my ass.
Anybody who is a subscriber can see plain as day that you are lying through your teeth.
He just closed his fourth trade this morning since I started my subscription. Again my price in and out was in line with the 20-minute VWAP averages, differing by less than 2% and in my favor on this trade. Made a 29% profit and it was another trade where he had us in and out in less than 24 hours. Four out of four winners with an average profit of 34% with an average exposure of just under 8 days.
Add those four trades to the spreadsheet of Dusty3 and in the last 73 recommendations of Ten Stock Trader the average profit is 24.5%, and that is with the SP500 in the red for the same time span. SEVENTY-THREE! Some of the newsletters reviewed here haven’t made 73 recommendations in their lifetime! I’d be very happy to be pointed to another newsletter with a similar profit for its last 73 recommendations.
Wow Trump…aggressive anyone? Yes we get it he pays people to try to counter the truth in these forums. Anyone can see from posts back to 2020 this Greg Diamond newsletter is trash.
Your math doesn’t work on the last recommendation. What did you get in at? His ‘chart’ he sends out didn’t match his entry recommendation. Did you chase it because you lose money if you do. Did you use your time machine to pretend you got in at a bottom like he does. Either way your ‘returns’ don’t match. Or are you like your buddy that defends his newsletter but says he really doesn’t trade the recommendations, he uses his own magic formula. If this is the case why waste your money?
Like everyone else has said, Ten Stock Trader newsletter is trash. He won’t give you your money back once you realize this. There are plenty of good newsletters to choose from. I doubt he will be at SR much longer. I notice you skip discussing the losing trades but want to promote the in/out overnight at a fraction of what they promote as his slogan. He is so far in the hole on returns I doubt his newsletter will ever turn a profit.
Bottom line, I tried it, I’m not hired to promote his newsletter and I experienced his losing trade ratio. I 100% GUARANTEE is last 73 recommendations did not return a 29% profit. There is enough feedback on this forum for people to understand the truth.
Let it go….
What a coward. Another attack while ignoring the challenge to name the option recommendation that expired worthless on Nov 4. Why? Because it was a lie and you know it was a lie.
one question. When Diamond let an option simply expire, did you count it as a 100% loss?
Well, a second question. Did you actually follow any of his recommendations, and if so, how did you do?
“When Diamond let an option simply expire, did you count it as a 100% loss?”
When a recommendation is allowed to expire out of the money, yes, it is counted as the 100% loss that it is.
“Did you actually follow any of his recommendations, and if so, how did you do?”
I personally steer away from that kind of feedback. I’m not saying it is wrong for others. I understand the desire to both vent and brag a little, and as weak as it is, anecdotal evidence is still a form of evidence. But with my background I do not like to promote anecdotal evidence, and instead seek to provide what I think is more meaningful.
But I also don’t like to duck a good faith question, and hope this will satisfy: Yes, I have invested in many TST recommendations, in the central sense that I invested in the option being recommended. But as I mentioned, I tweak the trades by layering on three of my own strategies. That results in more varied position sizes and often very different exit strategies. As to how I have done on those trades, I will simply say I have been pleased beyond my expectation, and I have done better than if I followed the trades completely by rote.
Here is a perfect example of why Ten Stock Trader doesn’t work as a recommendation newsletter. Let’s assume a person buys into a newsletter because they want professional advice on stock/option purchases and want to duplicate the same returns advertised for the newsletter.
This seems reasonable.
Ten Stock Trader (Greg Diamond) on Nov 23rd recommended an option trade at $3.25 up to $4.00. He then sends out a 20 minute chart showing an option range of $3.40 – $3.60. Let’s assume the trader is sitting at a desk and able to make a trade immediately, what price do you get in at? Does one use a GTC for the recommended price of $3.25? If so it would not fill. Does one chase up to $4.00? 13 minutes in (including delay for me to receive the message) the price was at $3.60. If Greg Diamond was honest, he would calculate the entry as the highest price in the 20 minute window and change the name to 20 minute trader. So in at $3.60, risk 100% to win 100%.
Now comes the exit…Nov 28th (Next full trading day) sell at $4.10. He then sends out a 20 minute chart showing a range of $4 – $3.40. He is claiming a 15% win on the trade. But the reality is most likely a loss or possibly break even before trade costs. I logged in as soon as I received the notification and I didn’t see any $4 offers in real time. So what does a subscriber do, put in a GTC at $4.10 and watch the value of the option slowly disappear as it is never filled, sell at market and lose money when he is claiming a win? I logged in as soon as I received the update and the option was trading at $3.80 falling fast. A $0.20 win on a $3.60 entry does not equal 15%. Also at $20 profit before fees per contract, I would need 175 winning contracts (with no losses) just to pay for the newsletter. If he was honest, he would use the lowest executed price during the 20 minute window as the exit for his calculation and change the name to 20 minute trader.
The math just doesn’t work.
Next comes his “market updates” Greg Diamond supposedly ran a billion dollar hedge fund. I guess those teams are large and not everyone has a critical job but can still claim to be part of the team. His updates always give three scenarios – up, down and sideways. Then he claims he is right each time. I don’t think there is another option for a stock to go besides up, down or sideways. He called a bottom to the stock market a few weeks back but gave plenty of caveats like the floor may not hold and we will see lower lows. What value is this information?
The winners are claimed to be 10% to 30% but most can’t be realized because the move already happens before subscriber receives the notice. Most of the losers are 100%. There was one trade recently that was held almost a year with a 20% loss. The next expected loser will be on Dec 16th at 100% (currently trading at $0.02) on a trade recommendation up to $3.75.
With a newsletter that costs $3.5k+, how large would the trades need to be to make back that money….1 contract, 10 contracts, 100 contracts? At $4 recommendation the trades would be $400, $4000 and $40,000 respectively. A typical 20% return would be $80, $800 and $8,000. But how many 100% losses of $400, $4000 or $40,000 could one absorb and continue with the recommendations?
The only thing worse than a losing newsletter is a losing newsletter with an author who uses alternative facts to support their claims. Stansberry Research no longer posts Ten Stock Trader historic returns. If they promoted a 29% return rate, they would be sued for false advertising within hours of the post. Greg Diamond uses entries and exits that can’t be realized by a normal trader but refuses to respond to subscriber feedback asking him to fix this other than attacking subscribers who complain in his newsletter rants. There is nothing I can do to get my money back but hopefully these facts help prevent others from making the same mistake I did.
Nice to see you using more facts, though they are ever so carefully selected, cut, and shined to foster a false alternate reality.
How odd to criticize Diamond’s skill as an options trader and then go out of your way to specifically mention the ONLY non-option trade he made in his 76 recommendations in the VWAP era, yet without mentioning that salient and singular fact that it was NOT an option trade.
Moving on, yes, on Dec-16th, he is almost certain to have a recommendation from Jul-20th expire worthless. And I will add that as an annualized loss it would be worse than -100%. It will be about -240% . So what? This is part of the reality of trading straight options. It will be his worst recommendation of the last 11 months, covering 46 recommendations. You adroitly dodge the reality that since that recommendation he has made 19 recommendations with only two losers, and neither half that bad. One at -41% and the other at -38%.
Now let’s talk about that Nov-23rd recommendation you think is so typical of what is wrong with TST. It’s amazing how different our perceptions and experiences are. I bought it in the range suggested, getting it at $3.40, beating the 20-minute VWAP by a nickel. The next trading day he recommended taking a quick profit and suggested a price of $4.10. I track the prices of his options for two hours after his recommendations to refine my own strategies, and I can tell you that in this case there were multiple opportunities to get $4.10 that day. I did not. My experience is that if I see the sell recommendation when it first hits my phone and can sell in the first minute, it generally pays to just accept the bid and beat the rush of subscribers headed to the exit. I got $3.95, 20 cents better than the 20-minute VWAP. A nifty 16.2% profit in one trading day. But that’s just my experience. That’s not how you study the efficacy of TST. You use the 20-minute VWAP figures following the buy and sell recommendations. That gives the average gain for someone buying and selling in a standardized, reasonable amount of time.
The VWAP profit in this trade was only 8.7%, which is very small for a TST winner, the 3rd smallest in the VWAP era. And that is how it goes into my historical performance of TST. But it also is a small profit in just one trading day. Your profit is now real, and your capital is either perfectly protected or — better — freed up to wisely invest in something else. With 253 trading days in a year. the annualized gain on this small-profit trade by the 20-minute VWAP figures is +2,201%.
You make it sound like the larger losses eat up the winners, but as I’ve written before, in the VWAP era which now covers 76 recommendations, that is not remotely the truth. Even with that one open recommendation at the -99.3% loss that it currently is, the gain on the 76 recommendations is 28.5% and the average time the invested dollar is actually at risk is just 33.1 days. (Annualized gain of 314%). If you take out the one non-option trade, which was a 391-day trade, the time at risk falls all the way to 26.5 days. Again, my personal experience is that I have done better — significantly better — but that data uses only the verifiable 20-minute VWAPs following the buy and sell recommendations.
You have access to the TST historical data to check my spread sheet, yet you are not among the two that did so. One already had access to the TST data and found no discrepancies. The other apparently became a subscriber and has posted here that he found no discrepancies. Why don’t you give it a shot? It could be educational and all you stand to lose is a false alternate reality.
Science lives
This is Greg Diamond. Yes, editor of TST. I was just made aware of this website and think it’s great.
I love the open discourse.
Trading and investing – like life is not perfect.
And unfortunately, despite my best efforts – I will never make every follower happy.
But that is OK.
In the 4 years since I’ve been live – I’ve made money EVERY. SINGLE. YEAR.
From some of the negative feedback I’ve seen regarding losses. I get it. It happens. It will always happen with anyone. I will have losses in 2023. But on a 12 month year I make money. This is a fact.
So that is why I manage my picks with position sizes.
There is one person on this thread who seems to have a job to tear me down.
Have at it.
Maybe you didn’t follow my directions. Maybe you are a competitor trying to bring me down.
Or Maybe you just aren’t cut out for trading.
Either way it’s OK, but don’t cast your negative energy on me or my subscribers. I take pride In my work and am proud of what I’ve accomplished.
And if anyone wants my data just go to the website and download my track record. It’s easy.
Best,
Greg Diamond
Yes Delta Bravo at its best – There are many here who have tried your “service” and give real feedback on the quality. No one here has made a profit. The only ones who pretend are the ones you pushed here. Read the rest. Your newsletter is undefendable. You literally give the only three options a stock will move in your “updates” – every time. Then you go out of the way to pat yourself on your back stating you were right. Yet only 1 of your 3 options were right (because it has to go up down or sideways).
Your messages are arrogant. You give recommendations with buy up to as part of the recommendation then state subscribers shouldn’t buy up to the price you recommended. Now you are targeting a 5% return for the service. Who in their right mind would pay for a service who doesn’t stand behind their recommendations? Subscribers can NEVER hit your spreads. What stock services allows someone to buy at the average from the last 20 minutes? Your sell prices rarely hit yet you just mark down a made up % and move on. You called a bottom to the stock market only to turn around and say “I’m not an economist”. Basically you are saying don’t trust anything I say…when I call bottoms…buy up to price….return %….
NONE of the other SR newsletters have this problem. Why don’t you reach out to some of your peers for a learning session?
If SR used your made up returns in advertising for your service, there would be a class action law suit for false advertising. I track your recommendations now only to keep you honest and call you out when you lie about your newsletter returns. You had plenty of opportunities to address subscriber issues but chose not to. When you play the bully, subscribers move to social media. Truth here will help others from making the same mistake from buying into the charlatan advertising for your service.
Your service last year had negative returns.
Undefendable. That’s a good one.
You clearly aren’t a fan. All good, I can’t please everyone but please stop with the lies.
My service had positive returns last year and we have all trades audited by an outside accounting firm.
Your made up claims about fake returns are just that. Made up.
I received an “A+” on my trading for 2021 and 2022 is just as good.
You are lying through your teeth.
For the life of me I can’t understand why someone who has such contempt for me would continue to follow me. But that’s your problem.
All anyone has to do is search my yearly reviews for all trades in any year and see the results. Not sure where you are getting your data from but like your fake return claims you “following my trades” is made up to.
Not going to reply to you anymore as clearly you have some motive that doesn’t involve the truth.
Merry Christmas!
Facts are facts. Bullying won’t change the facts. Fix your newsletter, own your mistakes and stop making false claims while trying to grift people’s money and subscribers will have a different view. Interesting you will respond here but not when you had the chance at SR. Hmmm.
Its a perfect example you gaslighting the fact you give recommendations but then tell subscribers they shouldn’t follow your recommendation. If that is the case, then change your recommendation. In case you forgot, you sent that response in writing to us paid up subscribers.
Arrogance is an anchor when you are trying to convince people to give you money. No one is disputing you made money this past year. But your newsletter recommendations and subscribers didn’t. Promoting you made money off of your subscribers who bought into the hype when they lost money following your recommendations is probably not something you want to keep talking about. As you said you aren’t an economist and living proof that just because someone makes trades doesn’t make them a skilled trader.
You promoted yourself as being part of a hedge fund and said that would port to running a newsletter. Those teams are large and even the guy who gets the coffee gets to say you are part of the team. The path is paved in gold for the hedge funds that are good. But you aren’t there anymore. Maybe the up down or sideways approach got old.
You are surrounded by really skilled people at SR. Reach out to Doc. He can give you advice on how to improve your trading and explain how to show respect to your subscribers. Calling them losers when they point out your inconsistencies is not an approach that has worked for anyone asking for money…in the history of ever.
Transparency is key. If you spent less time giving yourself a reach around to pat yourself on your back and more learning from your peers at SR, you may be able to turn around the newsletter.
How to fix a failing newsletter 101:
– Fix the app this is almost 2023 there are low cost interns that could bring it current
– Own the chosen path of a 20 minute trader. Take the high of the 20 minutes when buying in and the low of the 20 minutes when closing to calculate your claimed returns.
– Be upfront with the subscribers if they can’t make the trade within 20 minutes of your start clock (including the delay in the app to get notified) then they are on their own. This way no one will complain.
– Lose the tag line risk 100% to make 100% its so misleading. Keep the risk 100% tag line because there are plenty of 100% losers.
– Pick a path on your updates and own it when you are wrong. The stock will go up, down or sideways are hollow words. It wouldn’t hurt to explain what you learned from your misinterpretation of market strategies and losing trades.
– Recommend winners. Thinking a failing set of strategies can’t be wrong all the time isn’t working.
– Learn from your peers with newsletters which have positive returns.
– Stop with the reach arounds to pat yourself on your back. If you are good, others will promote you. When no one is promoting you that isn’t paid, look in the mirror and do some soul searching.
Your newsletter recommendations lost subscribers money this past year. That is a fact. If you owned it, we wouldn’t be here.
Let’s risk 100% to make 5%….Yes that math will work.
Well I said I’d stop replying but I figured you out. You don’t understand trading.
You are a child.
Facts are facts. As you say – so follow them.
Right now. Look me up.
Log on to Stansberry look me up. Anyone who can follow me do it too. Don’t believe me email me and I’ll give you my track record for the last 4 years – no problem. You’ll see trader Joe is a liar.
Trader Joe is impressively ignorant with his lies.
I’ll give him an A+ for stubbornness.
I was one of the MVPs this year at Stansberry for making money for subscribers.
ILL SEND YOU THE pics!
Are you tracking my open trades and not my closed trades?
READ THAT LAST LINE AGAIN
(and anyone who wants to know my track record)
It’s the ONLY WAY you can make these calls of me losing money is because you didn’t follow the sell orders!!!!
The SELL ORDERS!
If so it means you are not only not following my trades but also know
NOTHING ABOUT TRADING OPTIONS.
Stop with the lies.
For anyone who wants the truth just me me know. I’ll be on this site to answer any questions – good or bad.
ONLY THE TRUTH
I hope that’s not really Greg Diamond as he wrote he is on vacation with his family, and I hate to think he wasted vacation time on Mr. McElroy in his fantasy world. I think most here have learned enough about Mr. McElroy to simply dismiss his thinly veiled nonsense.
The best way to deal with the McElroys of the world is not to engage with them. That is what they feed off of. You wonder why they are willing to make obvious lies that are easily exposed? Because it begs a response. What they hate most is being ignored — even more than having their nonsense exposed. You have to accept that they can’t help themselves.
Just state the truth calmly and clearly to benefit others and go on your way.
Science lives
Mr. Diamond,
Assuming that is really you.
Please stop. Your first instinct, not to engage with him again was the right one. Mr. McElroy — who uses a variety of usernames to make it look like more people share his views — is getting exactly what he wants when you continue to respond, particularly the way you did.
You seem new to this experience, as Mr. McElroy is not a singular phenomenon. You find such trolls in every online forum, working against its purpose. You have to learn to see and speak past them. Trust me, people quickly learn not give any credence to McElroy’s deluded ravings. The truth is that right here on Stockgumshoe, TST is rated higher than the average investment newsletter despite Mr. McElroy’s hobby of trashing it.
Lol. Funny how you “two” use the same wording in your posting. Pulling subscribers names to try to bully silence is exactly what a Greg Diamond does. Amazing you just “tried out” the newsletter but have access to the subscriber list? And you know the staff vacation schedule? Of course you are neutral third party. If this was a good newsletter you wouldn’t be playing these games Go back and look at the small subscriber list and try again. If you just respond to subscriber feedback when submitted through SR and we wouldn’t be here. Be sure to include the correct phone number and email next time so the lawsuit is clear. Bullying doesn’t change the facts. What was said was fact. At this point facts are it there and anyone who gives money to your newsletter should not be surprised with their experience.
Really? And what wording would that be? — “And”? … “The”?
Hard to understand why you are amazed I just tried out the newsletter. The only real matter of import in that statement is that you made it up out of thin air — which in itself is hardly amazing.
And you think I have TST’s subscriber list? Oh, oh, that’s right, in your alternate reality I started off as a “must be associated with TST,” and now have been promoted to being “Greg Diamond.” Well then, of course, I have the subscriber list and that somehow or another identifies you as the troll here.
It doesn’t occur to you that someone would notice that “cmceleroy” has the same writing style, themes, and false facts repeated by no one other than your four (so far) aliases? I admit I was quite sure to about a 98% degree, but I still appreciate your erasing that last vestige of doubt.
As to my knowing that Mr. Diamond wrote that he was on vacation, every TST subscriber who read his post of December 12th knows that. Yes, I read that post. Shocking.
Well, enough fun, but thank you for the setups.
I have been a lifelong Stansberry Alliance member for over 25yrs. I have also subscribed to dozens of other newsletters over the last 40 yrs.
Greg Diamond has provided some of the most contrarian but accurate forecasts that I can recall. It’s easy for some editors to recommend a blue-chip stock, once a month, hold it for 5 years , and claim they made a profit. But it is very different to pick a volatile stock and be correct on the timing of a price move within the next 3-4 weeks. I’d rather make that 100% profit in 4 weeks and not 4 years. ANd Greg is making daily assessments of when to trade and not waiting for a monthly publishing cycle. Beyond that, Greg’s comments on market direction by sector are very valuable for those who take his analysis and use it to buy corresponding ETFs or leveraged sector ETFs, even if he is not making an option trade.
It’s gotten to a point where I’ve tuned out all the other cheerleading bullish only editors and mostly focus just on Ten Stock Trader. His real-time, unfiltered thoughts throughout the day on the app are very, very helpful to reinforce the correct view of the market. For example, human nature is to sell when things are dropping. Many times I’ve felt that urge, only to have Greg shine light on how the market is about to bounce. The next day, my position is up 10%+ .
On the other side of the coin, when everyone was piling on at the end of 2021, Greg was the only one warning of an imminent (1-2 month) reversal . Even his fellow Stansberry editors were not aligned. It helped me trim my bullish positions. He was right and using his broad market comments to direct my own trading decisions, I made money moving my 401K (where I can’t trade options) into 3x bearish ETFs.
He is playing in the riskiest game in the market. Buying options. On average for all Wall Street investors its a losing game (>70% contract expire worthless, which is why selling options is so safe). But Greg takes this risk head-on and makes it profitable for those with the right position sizing and risk mindset. It’s not for everyone. If you would rather travel on a big, safe, cruise ship instead of a small, choppy, speedboat, then this is not for you. The speedboat will get there faster but you are going to get bounced around and probably feel sick to the stomach a few times. Many passengers wont be happy about that. High returns and safety don’t come together.