written by reader 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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robb916
Irregular
robb916
April 23, 2019 4:41 am

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

👍 3
tradefutures
Member
tradefutures
April 24, 2019 7:39 am

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
Member
tradesmart
April 28, 2019 2:26 pm
Reply to  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
Member
slimmeke
May 1, 2019 6:58 am
Reply to  tradesmart

I’m also interested on this!

Dale Fancher
Guest
Dale Fancher
May 4, 2019 12:36 pm

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
May 16, 2019 4:47 am
Reply to  Dale Fancher

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

hitman12
Irregular
hitman12
May 25, 2020 4:49 pm
Reply to  Dale Fancher

He took over Zenith Trader from Michael Lewitt and it was a TOTAL DISASTER such that he doesn’t even run it and they DUMPED the entire service!! I know bc I owed it. Lost a ton of money on his trades, now he has gone away from the retail crashes he promised , now looking at it today, he MISSED MOST GREAT CRASHES. I can’t comment on 10x trader yet, but if it is anything like his FAILURE on ZENITH TRADER, stay away!

Dale Fancher
Guest
Dale Fancher
May 4, 2019 12:40 pm

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
May 16, 2019 10:12 am
Reply to  Dale Fancher

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

David Smith
Guest
David Smith
July 4, 2019 11:35 pm
Reply to  Craigd

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 day or two – that would like mean he has insider information about the company (read about the hedge fund owner, Raj Rajaratnan, who made $millions using insider information. The only problem – when he was caught, he wound up going to jail for a long time (and is still in there I’m pretty sure). Be very skeptical of Gilani’s 10X system – if it were that easy, believe me, we’d have a lot more multi-millionaire analysts on Wall St. who know a lot more about individual stocks than Gilani does.

David Smith
Guest
David Smith
July 4, 2019 11:27 pm

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 the puts cheaply enough. Is it possible, without insider info? I have my doubts, especially since put options depreciate over time so you have to get the timing just right. Which means if your option expires in 2 months but the company doesn’t crash until 5-6 months – your option expires worthless with 100% risk. And of course, the obvious thing that was mentioned – Hell, if I had access to that kind of insider information to know when a stock’s price would drop significantly, why they heck would I want to sell it on the internet? I could just buy thousands of puts, wait for the stock to crash, and make a killing. If he’s a wealthy as he claims – he wouldn’t be hocking subscriptions to risky trading systems – he’d be living on some Caribbean island with his $millions in a Swiss bank account. Caveat emptor.

gbyrd912
Member
gbyrd912
October 2, 2019 7:02 pm

I guess his 1000 slots didn’t all sell out back in April 2019. It’s now October 2019 and still there’s a “urgency” to buy today. I’m struggling and $2200 for the subscription leaves nothing to invest with but a new debt to pay.

👍 4
MicheleM
Member
MicheleM
October 2, 2019 9:09 pm

His service is now being pitched by Neil Patel’s Angels and Entrepreneur Network which is how I learned about it. Neil was also recently hawking Tom Gentile’s cannabis options trading service for a mere $2500. I begin to wonder if any of these services are truly legit as it seems like they just get you in their marketing funnel somehow and continue to pitch the next get rich quick trading program!

David Smith
Guest
David Smith
October 5, 2019 11:44 am
Reply to  MicheleM

To All: All these so called trading ‘gurus’ are nothing more than ‘slick Willy’ snake oil salesmen. They make their living by selling expensive subscriptions to their trading advisory services. But if you ever spoke to one of them, they’d tell you the following – “I never do any of these trades – trading stocks/options is too risky”. Did it ever cross your mind that if they really were that good and experienced making money trading the stock (or Forex) market, why wouldn’t they just make $millions and just retire to some South Pacific island somewhere? I know if I were a successful equity or Forex trader, able to make a 6- or 7- figure annual income trading because of some superior knowledge or trading system I had acquired or developed – YOU BETTER BELIEVE I’M NOT GOING TO SHARE IT WITH ANYONE ! Wise up and don’t waste your time and money on these guys. (I often see posted someone who did subscribe to one of these services and they made a fair amount of money DOING THE OPPOSITE OF WHAT THE ‘GURU” WAS RECOMMENDING!). That should tell you something.

Erwin
Guest
Erwin
October 6, 2019 8:46 pm
Reply to  MicheleM

Hi Michele. I have the same concern. I joined Neil Patel’s Angels & Entrepreneurs and liked Neil’s style, but now that he’s trying to aggressively up sell his VIP service and also pitching these other get rich quick systems, I am now concerned.

oilpatch
oilpatch
November 9, 2019 4:16 pm
Reply to  Erwin

If Neil didn’t push me I never would have upgraded to the VIP level. I’m glad I did it.
Sometimes we need to be pushed but it is very scary to put our money in the hands of an internet entity.
I’ve invested $10k into private equity start-ups that are not on the crowdfunding websites.
Very legit looking new companies and have a cornered market such as creating blockchain for banks to secure their customers information.
It has involved some stress but investing always is.
That’s my 2 cents.