Straight Line Profits
by flash4000 | February 6, 2019 10:01 pm
Has anyone tapped into Keith Fitz-Gerald[1]’s Straight Line Profits yet?
Endnotes:
- Keith Fitz-Gerald: https://www.stockgumshoe.com/tag/keith-fitz-gerald/
Source URL: https://www.stockgumshoe.com/2019/02/microblog-straight-line-profits/
Has anybody tried this Straight line profits yet? It sounds too good to be true and the $2400 to join is pretty hard to cough up. Would only be worth it if it performs as advertised which, of course, most of these offers never do.
Wondering the same thing myself…no one here apparently.
I saw this also, He is now saying he is removing this weekend. Sounds like the pressure they all put on. Sure he won’t take my $2,400.00 dollars. What type of fool would turn down money. LOL
I joined it a while back, and while it has given 3 100% gains in a month, I didn’t have any of those. So for me, it’s sucked, but who knows? Maybe others have been fortunate?
TODAY IS MAY 25th HOW HAS THE NEWSLETTER PREFORMED FOR YOU THUS FAR?
Straight Line Profits is now pitching the ADG report/ Arbitrage Windfall Alerts. Has anyone tried it?
I have a few other expensive subscriptions from MoneyMap Press. The subscriptions have NEVER made money anywhere even close to what had been advertised. So, although very tempted with Straightline Profits, I am a bit reluctant to jump in. I wouldn’t worry about them closing their window on subscriptions. That is something they said about every one of their products. Keith is one of their better editors. I might join. Maybe later, at some point when I might get to be less careful!
I, too feel the same way. Keith is a nice enough guy, but I have only made enough back in total net profits to pay off my High Velocity Profits subscription cost……read not a millionaire yet…….
VERY DISAPPOINTING!!!! Over Promoted/Promised and WAY UNDER DELIVERED!!! Most comments on the member chat board are NOT HAPPY. Stay Away!!
In case anyone finds there way back to this discussion, which ended back in April 2019 (last previous posting), I thought I’d add an update. I have the subscription and in 2019 I did 5 trades and lost $290.20 for the year, so I can’t say I’m happy with the service. After I joined I jumped in with their first trade, on Jan31 I bought a WAT feb15 230 call for $5.40 with WAT at 230.80 . It went up to a high of 233.25 on Feb 6th and I was up $88.50. But then on Feb12 with time running out on the trade the extrinsic value shrank enough that with the stock at 234.00 the option was only worth 4.80 . I was now down $63 so I sold a 15Feb 240 call for .30 to help possibly gain a chance for a profit. On Feb14 the stock dropped down to 232.07 and I bought back my 240Call for .05 and took a chance and bought another 230Call for 2.50 . Luckily the stock rebounded on the last day (Feb15) and at 234.11 I sold both contracts for 410 each, netting an overall gain of 47.50 counting all commissions along the way. That same day Keith sent an email to everyone to get out at the time the options were worth about 3.63, implying a loss of about $177 for all who followed the trade exactly. The next trade was a bearish trade on Hudson (HUD). In this case my meddling trades made things worse. The stock was 12.83 at entry and by the time I gave up and exited, it was 15.48 (up an amazing 20% in about a month). I lost $361.50 on the trade and everyone who followed Keith’s directions lost about $200. Because of how the first two trades went, I decided to be much more cautious doing his trades and only did 4 more for the rest of the year. These four trades together gained about $20 , not enough to negate the first two trades.
In thinking about the service, I soon realized after the first two trades that the service is a momentum trade service. It sees numerous up moves and then concludes more are on the way, or if it sees numerous down moves the stock will continue to tank and offers the correct strategy to win. Unfortunately the data shown in the pitch for the SLP service to prove how great it is was taken from previous years were the bullish climate made many stocks go up and up. I believe we are now firmly in a two way market, where stocks often rise quickly and then stop and turn around and go back the other way. In this climate momentum trades should do terrible because about the time you get in is when the stock pauses and move in the opposite direction. The HUD trade was a perfect example. In that bearish trade the entry point was a bottom that was quickly followed by a very very strong move upwards.
One good point about SLP is that it has a members community bulletin boards so traders can post their experiences. And it has even posted several negative comments about their service. One post suggested good money could be made by taking the opposite of posted trades. I’m considering that one myself.
In the end I think a philosophy given by the Tastytrade service, which gives out tons of advice and options education for free is, “Nobody know nothing”, might be the best advice out there.
Service SUCKS!!! I requested and received refund after enough bitching. Lost much respect for Keith and his services. Will not join another Money Map service ever again.
BUYER BEWARE of this service, unless you like losing your hard earned money