Author/Editor
Chris Johnson
Publisher
Money Map Press
Description
Options trading service that recommends trades mostly based on quantitative models that predict stock price changes after quarterly earnings releases.
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Rating: 1.9/5. From 39 votes.
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1.7
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For those who wanted an update on Chris Johnson the night trader. He recommended few stocks and so far they been in a red zone except for one stock which is sitting at 1.23% gain LOL Sounds like i be cancelling their fraudulent subscription very soon!
I was about to join for the full $2250 I think it is. I called MMP on the phone and they will break it up into two payments over 30 days. If unsatisfied don’t make next payment BUT if it is from lack of performance you MUST wait an entire year. I am thankful that for $7 a month I have been saved from chaos several times. There is always a grumpy customer who doesn’t follow instructions and loses money. But there were 75 votes cast in this review and most were 1 star and and only one that I could see out of 75 votes cast that gave them 2 stars. Something is wrong. I read another review that said the instructions and buy signals were from July of 2017 WTF! Too much can change in 3-5 months. This is a dead issue for me to consider and it looks like a greased trap with no way out. Thank you How can this be allow!!!?
Listened to his VERY repetitious video more than halfway (32 of 52 minutes). Wouldn’t feel comfortable even if the comments here were positive.
He’s sloppy with facts, many mixed signals, even apparent contradictions, e.g.:
— #1 rule includes “3 days of new highs” prerequisite, but all the examples show long periods of flat, followed by a ‘green zone’ buy signal immediately BEFORE a huge jump (without any days of highs)
— he lists S&P500 as one of the exchanges;
— twice he adds the percentage gain on his “entire account” (35% one night, another 77% the next, for a total of 112%, which ignores the 77% he would’ve added on the previously added 35%, so it would be far higher than simply 35+77). Most likely he just sloppily confused the profit on a trade vs an “entire account”;
— Then, a few minutes after an example of a huge profit overnight, he makes a big deal of a 100% profit over some much longer period of weeks, or months.
So much for an scheme that sounds so seductive…
(My previous comments relate to ‘The Night Trader”). I’ve been doing much better with Chuck Hughes (my all-time favorite); the impressively visionary CMLVIZ (PRO) for only $10/mo; and even did well with most of Mampilly’s calls, using options
i try most of this junk publications. i come to conclusion that is better to trade on my own .and i find a better way.i trade only option.call or put very simple.i trade only October.january .july and april.why that’s the months the companies report their earning so i star on the first week on each of those months .usualy valume start increasingbig time going to earning so place a call option close to date the company will report and sell before the report day and win big.i am doing well trading on my own.
For those asking about his new Night Trader, here’s a detailed update…
His fifth weekly scorecard update went out on Jan 19. In the email he said that “our portfolio is sitting just above 20% gains”. That outrageous load of fertilizer prompted me to track his full results in a spreadsheet.
Ten of the trades that were initiated have already closed. One was a decent gainer that made almost 20%. Another was barely up, closing out ahead by roughly 1%. The other eight were losers, with five of them losing between 5% and 8.5% each.
Twelve trades were still active going into the Jan 20 weekend, including one purchase that should have gone through on Jan 19 but that he didn’t include in the scorecard message. (That one made a slight gain during the day though, so I’ll count it.) Most of the positions that are still active were up as of the close on the 19th, and the only two that were down were only down very slightly – about a tenth of a percent each.
None of them were up more than 9%, so the notion that the portfolio is sitting just above 20% gains is truly laughable. (He gets that number by adding up individual percentages rather than the average of the portfolio as a whole. He also leaves out the completed trades.)
If you put an equal amount of money into each trade, say $5000 per position, here’s how you’re doing through Jan 19 as a Night Trader: you lost a total of $1085 on the ten closed trades. As of that weekend, you were up $1280 on your remaining holdings.
That’s a total gain of $195 on $110,000 invested. And that’s NOT counting trading costs. If you have $5 commissions through a discount broker, you would have already spent $160 (22 purchases, 10 exits), giving you a whopping $35 net. And it would cost you $60 more to cash in your remaining positions, leaving you with a slight loss.
Also… one of the entry points that he lists in the scorecard is, to put it kindly, dubious. Members who followed his instructions to the letter got taken to the cleaners by the market makers and paid over a dollar per share more than the entry price he lists in the scorecard. He started putting limit prices on his instructions immediately after that fiasco, but he hasn’t acknowledged that his listed number is NOT what his subscribers actually paid for their shares.
I used HIS number in the spreadsheet, which gives that particular position a 3.3% gain. But his subscribers were still looking at losses of more than 2% on their shares. That 5% difference means additional losses of more than $250 based on $5000 per position. Even without factoring in commissions, that wipes out his meager gains and puts his real world followers at an overall net loss.
Meanwhile, the S&P 500 went up 4.73% from the first Night Trader trade (Dec 21) and the Jan 19 scorecard. If you put that same $110k into SPY at the market open on Dec 21, you would have been up more than $5200 when he sent out the email with his scorecard.
Final score: S&P 500 = +4.73%, Chris Johnson = slight loss.
The Night Trader Is Getting Crushed.
I guess it would be best to say “Lights Out” to the Night Trader!
And now further update to this Night Trader as of the Feb 2 scorecard. Now he’s starting to get into options – calls and puts. and this has been an ugly week in the markets. GDS and BOLD had their stop losses triggered. He has issued instructions to voluntary sell to close – to reduce losses – in PK – 3.5% loss; MFG – 1.1% loss, CPRT – 3.7% loss, LKQ 5.0%loss… Other than the 4 option plays still open, that leaves 10 stocks plays still on the scorecard. 6 are ahead + 8%,9.0%,9.2%,0.2%,1.7%,4.1%.. and 4 are behind – -2.4%,-1.8%,-2.8%,-5.2%
No where on his site is he showing all his closed out positions – which would be mostly stopped losses triggered and at losses.
His new recommendation for this coming Monday Feb 5 – buy open the Micron tech – MU March 16, 2018 $41 puts. for $2.80 or lower.
I’m quite cheesed at getting into this subscription and will be phoning Monday to try to get back my money or switch to another service – but which one – anybody in Fitz Gerald’s High Velocity Profits thing?????
reach me at to trade info – wiedem@telus.net
Thank you for taking the time to share with our community. My turn to share: I’ve come to realize that pretty much ALL these newsletter/alert services completely overstate their actual results. A reminder if it sounds too good to be true….it probably is!
I have bought and cancelled the following:
Wyatt Investment Options trading including Earnings season, Dogs of the Dow and Options advantage (for small accounts) with sizeable losses. Had I researched more on Stock Gumshoe, I would’ve found a link to an experienced trader who explains why Andy Crowder does not know what he is doing. Options trading if VERY risky and despite using Iron Condors, and the supposedly better environment with the higher volatility (that actually increases the amount you can lose too btw).
I have also been disappointed by James Altucher’s crypto advice – a very dated book and with crypto volatility, you need timely alerts which his $250 price service did not provide. Finally, I found James to be incredibly annoying, excessive irrelevant and overly personal messages from James. He’s a strange duck but perhaps others will enjoy his eccentricities. I found myself absolutely joyous at hearing Facebook and Twitter were banning his too frequent ads 😉
I have purchased Michael Robinson’s Nova-X report based on the positive comments from fellow Stock Gumshoers or “Gummies” as well as the fact that he is including crypto information. I will share my experiences with that service soon.
Best,
sunshine
Thank you very much @torgo3000 for taking the time to share specifics!
And now further update to this Night Trader as of the Feb 2 scorecard. Now he’s starting to get into options – calls and puts. and this has been an ugly week in the markets. GDS and BOLD had their stop losses triggered. He has issued instructions to voluntary sell to close – to reduce losses – in PK – 3.5% loss; MFG – 1.1% loss, CPRT – 3.7% loss, LKQ 5.0%loss… Other than the 4 option plays still open, that leaves 10 stocks plays still on the scorecard. 6 are ahead + 8%,9.0%,9.2%,0.2%,1.7%,4.1%.. and 4 are behind – -2.4%,-1.8%,-2.8%,-5.2%
No where on his site is he showing all his closed out positions – which would be mostly stopped losses triggered and at losses.
His new recommendation for this coming Monday Feb 5 – buy open the Micron tech – MU March 16, 2018 $41 puts. for $2.80 or lower.
I’m quite cheesed at getting into this subscription and will be phoning Monday to try to get back my money or switch to another service – but which one – anybody in Fitz Gerald’s High Velocity Profits thing?????
reach me at to trade info – wiedem@telus.net
Thanks to gumshoe for the published comments. I had lost money several times joining in the traps. Now a days I am very cautious before investing money on anybody’s advise. Including the media and volume publications are wrong in the stock market. Out of 20 selections you may be lucky to have a winning trade. Option trade is the biggest cheating business in the stock market trade.
I just got out of the current session. I’m trying to get a refund. I remember him saying he was not Trading while he was”working”. I know he couldn’t go on without trading. if anyone can remember an instance where he talked about what trade he made I would be most appreciative I’m also looking into the advertisement that said that he started this April of 2017 is that true any other bait and switch or false advertisement I would like some comments please I have read the top but I’m looking for somebody with specifics since November latest. the night Trader I got my money back I’m trying to get the Seismic Profit money back. Thanks
After reading Johnson’s more than compelling pitch I decided to check things out on this most beloved Stock Gumshoe site………GEEZEEE LOUISEEEE I am so glad I didn’t buy into the Seismic Profits BS.
Thanks again to all the Stock Gumshoe members for your REALISM.
I signed up hit my first seismic alert for 100%. Was ecstatic. Lost the next 7 in a row and most of my account. My bad for not using careful stop losses and risk management, but mostly my bad for not researching this service. It was a bad experience with update emails coming over and over making excuses why the picks he made were losing money and highlighting the 1 out of that were making anything. I’m asking for my money back and will see what happens. He promised 80% winners at least 100% profit. When I last stopped tracking it was 30% winners at a paltry 40% average gain and the 70% losers were at 90% plus losses. Stay very far away from this service.
Another update on his new “Night Trader” product…
This week’s results were a true embarassment even by Money Map Press standards. On Wednesday evening, he emailed his nightly “mission order” with instructions to buy stock in Cambium Learning Group (ABCD) at a limit price of 13.55 and with a 10% trailing stop. Anyone still actually following his instructions had their orders filled on Thursday – and got stopped out on Friday.
My favorite email of the week was early Friday afternoon. He sent out instructions to close one of his failed options trades (a put position in CLF) “at market”. The catch is that by 10am (hours before his email) those options were already worthless – the bid was 0 and the ask was 0.02. You probably wouldn’t even make back your commission costs if you sold. Thanks a lot, Chris.
He had already bailed out of three more failed trades on Wednesday. All three were disasters, but the worst was his play for DUK 77.50 puts (April 20 expiration). If you followed his instructions, your order would have been filled for $3 on March 1. If you sold at market following his email on April 18, you might have been lucky enough to get 0.05.
After those five losses, today’s “mission scorecard” shows seven positions remaining in his portfolio. Only two of them are ahead, with the biggest gain at 11.3%. Meanwhile, three of his five losers are down more than 30%, with the worst down 87.5%.
The Night Trader continues to get crushed.
I am coming up on one year and will be asking for my money back. They guaranteed 80% winners and did not come even close. If it had been net positive trades overall I would not care about the 805 but it has been lots of losses on top of the subscription. I quit the trading months ago rather than suffer more losses. I will ask for my money back. If I do not get it I will go to small claims court. I live near Baltimore where they area. I think I will call a few lawyers and see if they want to pursue a class action suit since it sounds like so many people have been screwed by them.
let me know !!!
notice how they had a freely given service to that guy for video endorsement , seems he did not last 3 months
Invested $2637.00 in this program and found out later the very low rating and customer satisfaction.
In view of this I hereby seek reimbursement of the money I invested.
Hi Jack- We are Stock Gumshoe and this is our page where our readers post reviews of Seismic Profits Alert, but we do not publish that newsletter or have anything to do with it. You’ll need to contact them regarding your subscription: https://moneymappress.com/subscription/seismic-profits-alert/
Good luck!
Well, I just watched the pitch and he no longer offers money back. It says that we can not refund money within the first year due to backstabbers etc. If after one year you feel that you want your money back, you get an additional year for free. That’s the new guarantee. If you don’t like our service we will give you another year of it. LOL.
after lossing thousands , i remembered him from another service ,
guess he found a job , unfortunatly here at money map
have told em [ even tho free to me ] to stop sending his stuff to me !
they still do , sigh
yes money map , this is G13MAN !
ps , stock gumshoe . u need a zero rating