written by reader Larry Benedict

by endgame86 | December 13, 2019 9:22 am

Anyone know if he is legit with his Opportunistic Trader?

Source URL: https://www.stockgumshoe.com/2019/12/microblog-larry-benedict/


22 responses to “written by reader Larry Benedict”

  1. mystic100 says:

    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.

  2. Trader1 says:

    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.

  3. Meerkat says:

    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).

  4. bourbeau says:

    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!

  5. 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!

  6. create says:

    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!

  7. rene says:

    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

  8. ssg007 says:

    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.

  9. Bourbeau says:

    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.

  10. bill22w33 says:

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

  11. Jon Robbin says:

    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!

  12. Mark says:

    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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