Shah Gilani, 10X Trader

By sensible one, April 23, 2019

Read what Shan Gilani is promoting insofar as the 10X Trader notification, and using his unique ”nautilus” trading algorithm.
Any indication on the veracity of the claims, as well as any indication on WHAT he is promoting, I suspect it is ”puts”, but nothing said. Has anyone tried it? Did it work?
One piece of critical information I always find lacking is an indication of how many recommendations are made versus those that were successful (scoreboard), ie 60 of 90 or 66% success rate. They only promote the trades that were successful, so one cannot gauge their ”official track record” which makes it difficult to differentiate and analyze the various promotions.

Further, I would like, if these promoters are so confident, for them to offer interest free installment payments for their substantial fees being requested, from $500-5,000. That way we can benefit, and use the proceeds to settle the account. I have tried several of the schemes, and always lose money.

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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David SmithCraigdJoseph AlpinoDale Fancherslimmeke Recent comment authors

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robb916
Member
👍1
robb916

well hopefully someone has tried the nautilus trading algorithm to tell us more, its hard to figure when this person is apparently wealthy and makes incredible money using his own technology system why would he bother with selling this and ask for the kind of money that is a struggle for most people

tradefutures
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tradefutures

I heard his video yesterday about 10X trade. It appears to be to buy puts on companies that have bad financial health. Sounds interesting. Any one willing to share cost

tradesmart
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tradesmart

@tradefutures – Yes, I am looking for folks to go in together on this. I think he is overselling the probable profits. However, current market environment is favorable to shorting vulnerable co’s. Hence, I want to know more about the research the service provides, to make 2x,2.5x,3x fairly regularly, vs 10x requires a lot of luck on Put Strikes and timing. What’s your contact info? Let’s connect.

slimmeke
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slimmeke

I’m also interested on this!

Dale Fancher
Guest
Dale Fancher

I’m two trades in the 10x program. Both big losers. I know that two trades aren’t enough to determine if all his HYPE is true but it sure would have been nice to start off a trading service with two wins.

The losses were just shy of 100% therefore a lot of ground has to made up. Hopefully this is not just another BIG SCAM…

Joseph Alpino
Guest
Joseph Alpino

Any further updates on your 10X subscription and the trades you have executed?

Dale Fancher
Guest
Dale Fancher

I paid $2200 for a one year subscription. Of course it is non-refundable. He boast you will get a refund if he doesn’t supply you with 50 big winners. Unfortunately if you have many big losers you will blow you account.

So far two big losers and no winners. You buy out of the money puts on companies with hidden bad financials. When the bad financials come to light you are suppose to make a killing.

This hasn’t happened yet….

Craigd
Guest
Craigd

Do you think it’s bad timing or poor interpretation of the financials?

David Smith
Guest
David Smith

It’s a scam – if it were legit, he’d offer a trial period/ refund. Trying to make money on distressed companies by buying OTM puts is a low probability trade because you have to get the timing perfect – if the stock doesn’t fall enough before the option expires, you lose 100%. Using options to short single stocks is one of the riskiest ways to try and make money on distressed companies. So I have serious doubts on the veracity of Mr. Gilani’s so-called ‘system’. Not to mention that if he really could make 1000’s of percent profit in a… Read more »

David Smith
Guest
David Smith

The question that came to mind after listening to his hype on finding dozens of companies in distress, shorting them (I assume he buys puts to make that much profit) – HOW DOES HE FIND THESE COMPANIES IF (as he mentioned) THEY CAN HIDE THEIR DIFFICULTIES WITH SHADY ACCOUNTING TRICKS? So – is he doing insider trading, like Raj Rajaratnan did, which landed him in jail for quite a few years? I would think he’d have to get hold of insider information to identify so many winners who crash, and that he can get in in enought time to buy… Read more »