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written by reader Larry Benedict

By endgame86, December 13, 2019

Anyone know if he is legit with his Opportunistic Trader?

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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mystic100
Member
mystic100
December 17, 2019 4:50 pm

I don’t know but he’s doing a big launch ($2500 sub) with a lot of ballyhoo about his stunning returns. Would like to hear if anyone has experience with this market-beating genius.

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AJdeR
Guest
June 23, 2020 6:02 pm
Reply to  mystic100

I had a weak moment in December also, thinking that Benedicts professional experience probably does give him an edge. Wrong! My 6 months of trading his option recommendations cautiously leaves me over $1000 in the red, as shown below. Today I tried to obtain a full refund with cancellation on this basis and was told not after the first 60 days, not enough time to know how good he is. So, I’ll be posting this review everywhere I can.
Date Option Gain/Losss
1/7/20 UBER $326.88
1/14/20 TLRY $308.88
1/17/20 TLT -$452.58
1/27/20 GLD $263.88
1/29/20 AMD $99.96
1/31/20 TSLA ** -$510.00
2/21/20 AAPL -$425.52 -100%
2/21/20 BABA -$410.52 -100%
2/21/20 QQQ -$477.03 -100%
2/25/20 MU $166.96 81%
3/12/20 TLT $313.95 60%
4/9/20 USO $71.78 22%
4/14/20 BAC -$302.08 -70%
4/14/20 VXX -$333.05 -42%
4/15/20 HYG $129.92 29%
4/21/20 QQQ $323.95 64%
4/18/20 UBER -$339.03 -100%
5/14/20 AAPL $685.90 147%
5/15/20 DIS -$430.52 -100%
5/29/20 SPY -$163.52 -100%
6/11/20 XLE $21.96 8%
6/12/20 SQQQ -$286.55 -100%
6/19/20 USO -$130.00 -100%

TOTAL -$1,036.38

** Missed one day window to break even

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Trade208
Guest
Trade208
July 3, 2020 5:02 pm
Reply to  AJdeR

This list of trades from Larry Benedict posted by AJdeR is real. I am a subscriber to Larry Benedict’s The Opportunitistic Trader and I wish I could get my money back too. I can read charts better than Larry does, whenever he suggested a trade, I know which one to follow and which one not and most likely they are bad recommendations. He doesn’t respect the trend or what the market offers and he trades with his own opinion which is basically applying his ego, people who followed his trades must have lost a lot of money at stake because most likely they don’t work and majority of them expired worthless in options.

If some trades worked out, it is very small percentage gain (in options trades, a small percentage gain is nothing). One SPY trade worked out well because it was helped by the Fed on the same day. I would not understand how he could sell a service with the skills he has (trading with the emotion and personal bias view, not respecting what the chart or market offers).

I am writing to save any individual from loosing their hard earned money not just to pay Larry and his publisher but also not to loose more by following his trades. He may be right at some point down the road when the market is heading down, but at that time, everyone should trade following what the market offers as well. His timing is wrong. I hope this input help.

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David Sligar
David Sligar
August 31, 2023 8:28 pm
Reply to  Trade208

Thank you, Trade208 —
I was almost considering his $2000 S&P trading service, where he claims 78% winning option trades on the S&P index 4 – 10 times monthly, or more. These are 100% + profits, likely 100% losses on the losers, though this part, naturally, is not stated. Given your experience, I’m not sending him my $2000, thank you. So many of these offers, so often b.s.
I have to assume Stockgumshoe has saved my bacon once again!

Ssg007
March 1, 2021 6:04 pm
Reply to  AJdeR

Thanks for the heads up and info. Definitely saved me from making a mistake. I see he is back again promoting his 7 day blitz, any idea what the “one stock” his promos keep talking about?

hatman2
Member
hatman2
March 10, 2021 9:18 pm
Reply to  Ssg007

Just finished watching his presentation. The “big secret”? SPX.
He allegedly has a program based on the old “watching the ticker-tape” method(ticker price + volume) which tells him when to buy or sell this coming week, when derivative markets come due and are regulated by the Federal “Open Clearing Corporation,” if my notes are accurate.

Based on what i’ve read, he wants 2k for access to his experience, and it’s NOT worth it. His “guarantee” is that your 2k can be applied to some OTHER program of his w/in 90 days, not that you get it returned.

Hard pass, from me.

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rene
Guest
rene
January 8, 2022 12:01 pm
Reply to  hatman2

He seems to be working in a team? not plausible. I think his favor for credit spreads is that he can’t drink on account and he has to drink a lot to quickly forget the stress of his reckless trades.

David Sligar
David Sligar
August 31, 2023 8:29 pm
Reply to  Ssg007

In his pitch to me just now, August 2023, it is the SPX

Trader1
Guest
Trader1
December 19, 2019 2:43 pm

Subscribed in a weak moment for $1500 with a discount code, no money back guarantee, only the promise to switch to another newsletter if not happy and an extended membership is the service fails to provide 50 winners in the first year. First two trades are in the red, trying to maintain optimism.

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Meerkat
Guest
Meerkat
December 20, 2019 3:46 pm

Well, my trouble is the average return at his HF has been what – 11% something per year. Yet they have been advertising that pretty much anyone could make $200k a year w/o specifying any trading capital. So in their presentation someone posed a question as to what the starting capital should be, like if it is achievable with $25k? Larry said – it’s reasonable. Can we do some maths as to what one would earn over, say, 5 years with earnings reinvested? Close to $1bn ($819M).

bourbeau
bourbeau
January 16, 2020 10:01 pm

Stay away from this guy!
Most all of his trades in his Opportunistic Trader are losers…big time losers!
He sets his stop losses so low that by the time they’re hit, most all of the money is gone.
Opportunistic Trader is only an opportunity for Larry Benedict.
However, he does do a good job of scrubbing the internet of any negative comments.

Big thanks to Gumshoe for this opportunity!

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👍 21
Lynn Clark, Stock Gumshoe
December 9, 2020 11:55 am

We’ve added Opportunistic Trader to our list of reviewable services. Feel free to head over there and leave a review. Thank you for your contributions!

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create
create
March 11, 2021 2:28 pm

I very much appreciate all the members comments, and I feel sorry for all those who lost money on these Sharlatans subscriptions, lets keep up the good work by warning all the readers.
I have lost quite a bit money too over time!
I also noticed , that even most of the few more or less honest Gurus are not really lying, but often skipping some vital information in there presentations.
My suggestion to everyone is never subscribe to anything right away….things will always look different after a good night sleep!
And always remember through the Gumshoe Forums saved money means earned money!

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rene
Guest
rene
January 8, 2022 11:57 am

After I received Larry’s opportunistic annual report and he still hadn’t answered my outstanding questions after almost 2 months, that was it for me. Larry’s membership costs $2k and according to him “easily” yields $1k profit per week. For all of 2021, a positive result of over $3k was achieved of which $10k was achieved in the 2nd half. On this profit I am going to discount the following:

1) Once a trade is announced it is not realistic to think that everyone can immediately put in a trade while Larry does in his profit calculation. To get a realistic picture you have to deduct as much as $0-$150 per trade.
2) Occasionally a childish miscalculation is made so that in Q4 alone the profit is at least $1k less.
3) Occasionally there is a technical glitch so the announced trade could not go through because it came in too late to the members. This alone in Q4 deduct at least $500 and in the first week of 2022 more than $300 went astray as a result.
4) In his week with the most profit, a margin of much more than $30k was required at one point. This was not a pre-requisite so participants were never able to realize the aforementioned profit.
5) Many trades were so sharp that if you followed them closely you aged years. Things went wrong so regularly that it took his 3 out of 4 trades profit to make up for the loss of that one trade.
6) NB: his hobbyhorse (the Quadrupple week etc.) only made good money in Q1. The other 3 quarters were very disappointing (averaging about $500 profit only).

So I end up with less than $2k profit over the 2nd half. Even if you add a few thousand dollars because of the handling of the lower limits, with the $7k loss in the first half calculated by him, it is plausible that there was a loss on balance! Therefore, my own conclusion is: don’t do it, too wild, not transparent enough and also (deliberately) misrepresenting the situation with even a loss in the end! I think Larry’s profile is more “bearish”. Maybe this will be his year

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ssg007
March 8, 2022 5:24 pm

Does anyone know what exact strategy he uses with the SPX on Quadruple Witching? his latest video says he has 100% (7/7) winning track record.

Bourbeau
Guest
Bourbeau
March 8, 2022 11:22 pm
Reply to  ssg007

Stay away from Larry Benedict!

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Bourbeau
Guest
Bourbeau
March 8, 2022 11:21 pm

STAY AWAY FROM THE COCKY AND ARROGANT LARRY BENEDICT. The only way you can make money is to take the opposite position of the one he is recommending.

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bill22w33
Member
bill22w33
September 20, 2022 8:16 am

On Trust Pilot Larry Benedict has an “F” rating …. stay away
https://www.trustpilot.com/review/www.opportunistictrader.com

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👍 2
Jon Robbin
Guest
Jon Robbin
May 29, 2023 10:44 am

Just don’t go with these scammers. I have Vanguard balanced index fund, and dividend growth fund. They have never let me down in the long run and have brought me some pretty big profits. Costs almost nothing to maintain. High quality, mutual funds are the only way to go. If it seems too good to be true, it is!

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Last edited 9 months ago by Jon Robbin
Mark
Guest
Mark
July 14, 2023 3:19 am

Just out of interest , has anyone tried selling the opposite options on his recommendations ie if he says buy call you sell put etc.?

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peguly
Member
peguly
July 27, 2023 6:58 am
Reply to  Mark

LOL, the opposite of buying a call is not the selling of put, because both are “playing up”.

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David Sligar
David Sligar
August 31, 2023 8:36 pm
Reply to  Mark

Opposite to buying call is buying put.

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