S&P Trader – Larry BenedictDoes anyone have experience with this product? I was curious about types of trades used and what his success rate is on past recommendations.
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I watched the full video teaser of the 7-day Blitz happening in this 3rd week of March and Larry Benedict selling his service basically to buying options using the S&P 500 futures (mentioned SPX as the ticker he’d use). He claims to have a system that alerts him when large volumes of money flow in and out of the system and can then alert his customers to trigger buying or selling futures, trades are expected weekly.
Googling Larry Benedict, I see mixed reviews from individuals claiming that his recommendations almost always lose, while the industry views him as one of the best traders in the market.
Any thoughts on Larry Benedict and his service?
Based on what you describe, this seems pretty heavy on the “Market Timing” side. “I see money coming in, quick buy while the demand is driving up prices!” “Oh no, money is leaving, get out before it goes down.”
So if “The industry” thinks he is awesome, it may be because he is good at timing these things. But can you? I mean, if you are an hour late getting in (or out) do you miss out? And if he is so good at timing things, isn’t the best thing to just be a manager of funds, rather than insert a bunch of communication lag in email and other 90’s technologies?
Color me skeptical.
Larry Benedict is a loser, he can lose 300% of your money in two weeks. He is not technical and goes against the trend, never trust him as you won’t get your money back. He has been gambling, not responsible for the bad outcome.