Stansberry’s Greg Diamonds new offering for Ten Baggers?Greg Diamond is claiming that he has called all of the last major market moves for the last several years.
He will be willing to share his expertise with you for $2,000.00. What is your take on his offer?
James Rose
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His offer? Waste of money and extremely da5to your financial health.
IIRC correctly, his wins in 2024 YTD have been gains % 18 40 20 10 5.5% ” let’s take this gain off the table” and most recently 6.5% on SOXS. These are all small gains that he routinely “takes off the table” whenever he gets one which is usually when one of his losing positions pops barely into the green for some reason. Meanwhile, his open positions are all negative and his 2 current options positions at this writing are on track for -100% losses.
He has already realized -100% losses this year on CAT and AMD.. Not only that but he holds positions for months and does not cut losses so you are slowly, agonizingly losing money. Note that his gains only add up to a to 100% barely enough to offset just one of his 4 or more -100% losses.
His service has been and is still advertised as recommending multiple 100% winners but I have not had one since I subscribed in 2021.
I rated him poorly on writing not because of his grammar and vocabulary but because he writes interminably about incomprehensible bullshit about Gann and Eliott Wave and how great it and he is. Other writins are his many “Game Plan Updates” where he tells us he is “waiting to see (whatever)” like the PCE update tomorrow. The other thing is his ridiculous excessively volubulous (like all his stuff) “Weeky Market Outlook “. If I recall correctly, the March 18 WMO predicted a bear market in precious metals because the silver chart was diverging from the gold chart.
Many traders know that silver actually lags gold, and don’t need Mr. Gann or Mr. Elliot to tell us that.
So if you listened to him you would have been out of precious metals and be missing the current record -break8ng rally.
Like all Stansberry “analysts”, he writes multiple pages, almost books, of bullshit instead of giving us good recommendations.
All my other seviecs give only the recommendation and/or limit the stuff I have to read to 1 page.
I am an active options trader. I use several options sevices all with an over 80%+ win rate. Diamond egotisticaly bragged about his 62% win rate that is little better than a coin flip.
Most of the wins range from about +60% to 100% plus, and losses get cut to about -50% or less. And the wins don’t take weks or months to happen. Diamond buys many options 4 months out. If the recommendation us good you shouldn’t need 4 months. If it is bad you should be out long before that.
Just yesterday I bought a TJX June 21 strike 103 call for $1.00, it was $2.50 today. That is from another options service. It is the kind 9f trade TST advertises but fails to deliver.
Sorry about the typos. Iam new here today and don’t know how to edit them out yet (or if I can?).
Thanks for that info!