Review of The Profit Machine from Adam Mesh Trading Group
by backoffice | May 26, 2019 11:54 pm
I thought I’d take a chance on options[1] and purchased into this service for over $1,000.00 for 12 months under the impression that returns were guaranteed to be Triples on most trades and returns would more than offset the cost of the service. He was betting on short term options expiring at the end of the week of the date of purchase. Needless to say his looses to winners ratio were high in
the losers column and the biggest hassle was waiting to be informed of upcoming trades which usually came on Mon, Tues, Wed,. which meant you had to monitor your e-mails for notices from opening to close on the exchanges. The biggest problem I had was notification of contracts that were profitable. By the time the notice came the option was already priced above the recommended buy price, so you wound up while the opposite was true on his picks that were losers. I figured I would be offered a free subscription due to the poor rate of return but they refused. They offered me 4 years for the price of one and I countered with a reasonable payment of $1,500 if they managed to make $10,000 which was more than reasonable and was more than the subscription rate. They weren’t interested. I could not recommend this service in good conscience and advise anyone thinking about it to give it more thought and save your money for something better.
- options: https://www.stockgumshoe.com/tag/options/
Source URL: https://www.stockgumshoe.com/2019/05/microblog-review-of-the-profit-machine-from-adam-mesh-trading-group/
I joined the Phoenix trading platform back in January 2019 , it started off pretty good so when I got a call from their office in July about The Profit Machine and was told how well the Profit Machine was doing I signed up for the TPM , well since signing on to the TPM it has had 10 losses and 2 winners and the Phoenix has had problems also.Today I spoke with Josh Rosen from their office and told him I want a refund ,his answer was we don’t do refunds how about trying a different service or take a free years subscription , you would think they would back up what they sell, don’t waste your money on the Adam Mesh Trading Group.
Thanks for the comments. I’m curious – what was TPM’s average days to expiration (DTE) on the calls and puts purchased? He never mentioned it in his pitch.
He enters trades on Mondays that expire that Friday, so 4/5 DTE.