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317 Comments
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David
Guest
David
June 30, 2020 8:46 am

Please be aware that they now calculate returns as “cumulative of all positions”, even for positions open at the same time.

So if they opened 3 positions (6 credit spreads) and each expired worthless and produced 3% return, they would report it as 18% return. But they were open at the same time, so each position could use only 1/3 of the available capital (even assuming no cash for adjustments), so the real return is 6%, not 18%.

How pathetic is this?

10ppm
Member
10ppm
November 3, 2020 2:32 pm
Reply to  David

Beginning May 2020, we changed strategies a bit to adjust to market conditions. This is stated at the top of our performance page. We only open one position at a time, not multiple as David claims. As with most negative comments on here, they are from non-members who haven’t even used the service or from competitors trying to deliberately mislead the public. Look back on David’s past comments here and you’ll see that they’ve all been inaccurate and misleading. He even admitted, at one point, that he wasn’t a subscriber.

The following link will take you to our 2020 results and if you scroll down, you’ll see the strategy change from May: https://www.10ppm.com/customer/customerMain.php?section=customer&step=performance&year=2020

Multiple trades in the same month from that point on are all separate from each other. 4 trades earning 3.1% each is a cumulative return of 12.4% for the month.

Last edited 3 years ago by 10ppm
👍 390
seshidharm
seshidharm
April 23, 2021 5:14 pm
Reply to  10ppm

i looked at the trades, 15 dollars profit by taking 500 dollars risk. of course, the loss can be limited to 30 dollars or 40 dollars by closing the position. so, this service is about earning 60 to 80 dollars a month? its not safe to write 100 calls to get 1500 dollars a month. do you provide anything else other than 1 trade a week?

👍 104
seshidharm
seshidharm
April 23, 2021 10:45 pm
Reply to  seshidharm

even if you write 30 calls, it’s risking 15000 dollars for 450 to 600 dollars profit. If the trade turns against you and if you are not lucky to close in time at a 1000 or so loss, you will be wiped out of your 15000 dollars. If I am wrong, correct me.

👍 104
10ppm
Member
10ppm
June 10, 2021 12:15 pm
Reply to  seshidharm

Our positions have a high probability of success. Each week, our goal is to open a trade to earn a conservative 3%. Over the course of a month, that could be a 12-15% gain. We cut losses soon and try to limit them to 15%. You can see this from our performance page.

With any investment, if you don’t pay attention and get out when necessary, you could lose the entire amount risked. Stocks, bonds, options, real estate. Regardless of the type of investment, you have to monitor and maintain it.

👍 390
seshidharm
seshidharm
April 23, 2021 10:50 pm
Reply to  10ppm

even if you write 30 calls, it’s risking 15000 dollars for 450 to 600 dollars profit. If the trade turns against you and if you are not lucky to close in time at a 1000 or so loss, you will be wiped out of your 15000 dollars. If I am wrong, correct me.

👍 104
seshidharm
seshidharm
April 26, 2021 2:21 pm
Reply to  10ppm

beware of this service, i don’t think this service(10ppm) is no longer active – just in case. the above post by 10ppm gets 73 positive ratings and the post by David gets 60 down ratings. i don’t think these are real ratings but manipulated ones by 10ppm

👍 104
10ppm
Member
10ppm
June 10, 2021 12:21 pm
Reply to  seshidharm

We are absolutely active and you could easily determine that from our up to date performance record.

Seshidharm, based on your own posts, you definitely weren’t even a subscriber. Yet, you are leaving a review for a service you never tried. StockGumshoe wants reviews from actual subscribers and experiences, not assumptions. David wasn’t even a subscriber.

👍 390
sm
sm
July 7, 2021 6:19 am
Reply to  10ppm

What happens if you invest 10,000 dollars for 300 profit and the market suddenly collapses like in 2020. Don’t I lose almost 5 to 6000 dollars or some times the whole amount without even time to get out or repair the trade. What do you do in these cases when the entire account is wiped out for your subscribers? Look for new subscribers ? Just to get the 125 dollar subscription fee, you have to risk around 4166 per month which can be wiped out if a crash happens. So, to earn 1250 dollars monthly, you have to risk 41660 every month assuming you provide 1 trade a week

👍 104
Howard Baldwin
May 14, 2022 8:35 pm
Reply to  sm

the 125 is for a year. if someone is so poor they cannot afford 125; or a 10,000$ loss ; they should not be trading. As an active trader, retired, and and now in my 70s and JUST consulting; i tell any of my investors with less than about half a million to just be in cash and real estate. on a million $ account (or for most active traders: multi million); 3% (much less 12%) a month is very good.

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409
sm
sm
October 18, 2021 5:20 pm
Reply to  David

Aug. 2007 – 24.5%
Jan. 2008 – 38.4%
Oct. 2008 – 31.6%
May 2010 – 69.5%

That’s one big loss per year on average. After you are down 70%, you need to be up more than 200% just to break even.

👍 104
10ppm
Member
10ppm
October 18, 2021 5:36 pm
Reply to  sm

As stated in a more recent comment, the trade team involved in these losing trades were terminated and changes were made to our capital preservation criteria. Looking at results from over 10 years ago does not reflect the current traders, strategy or exit criteria. SM, you are cherry picking losses from over 10 years ago and assume nothing has changed. We do not hide from them and were able to learn from them to improve our service for clients.

Results below are from 2021… much more recent and more accurately reflects the current performance of our service.

Oct. 2021: +12.4%
Sep. 2021: +14.5%
Aug. 2021: + 16.5%
Jul. 2021: +0.0%
Jun. 2021: +15.5%
May 2021: +12.4%
Apr. 2021: + 2.1%
Mar. 2021: -1.0%
Feb. 2021: +12.4%
Jan. 2021: +12.4%

Just one losing month in a year.

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4600
👍 390
sm
sm
October 19, 2021 12:13 pm
Reply to  10ppm

ofcourse, when market is going up you guys come out in full force. because no one can put all money in one trade which is not wise , these results during up markets don’t reflect the risks involved and anyone who likes to diversify will be better investing the whole account in a broad index and dollar cost average in the long run. the technology index went up an average of 20% for the past 10 years. spy went up aroung 14%, i believe, and anyone can be comfortable investing the whole account in to those funds. so, stop highlighting results which as you said cannot be replicated with the whole account. any strategy not practical for the whole account cannot be highlighted. a lot of individual stocks went up a lot ….but you cannot put all your money in one stock and so you cannot say the performance of one stock is the performance of the whole account. this is just plain misleading and looking for novice and gullible investors all the time to make money by selling them a inferior service as old customers getting wiped out

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sm
sm
July 6, 2021 5:42 pm

What happens if you invest 10,000 dollars for 300 profit and the market suddenly collapses like in 2020. Don’t I lose almost 5 to 6000 dollars or some times the whole amount without even time to get out or repair the trade. What do you do in these cases when the entire account is wiped out for your subscribers? Look for new subscribers ? Just to get the 125 dollar subscription fee, you have to risk around 4166 per month which can be wiped out if a crash happens. So, to earn 1250 dollars monthly, you have to risk 41660 every month assuming you provide 1 trade a week

👍 104
10ppm
Member
10ppm
September 1, 2021 4:12 pm
Reply to  sm

Not all trades will go our way. When they don’t, they will hit our exit trigger, forcing a closing order. We try to keep losses to about 15% by issuing closing alerts immediately.

👍 390
sm
sm
September 12, 2021 3:49 pm
Reply to  10ppm

ALWAYS 83 UP VOTES FOR 10PPM – ALL MANIPULATED. EVEN TRYING TO MANIPULATE VOTES HERE BECAUSE THIS 10PPM IS A FRAUD SERVICE TAKING ADVANTAGE OF NOVICE INVESTORS

👍 104
sm
sm
September 26, 2021 8:37 am
Reply to  10ppm

10ppm for 5 years makes you a multi-millionaire if you start just with a few thousand dollars. The guy who runs this service need not cheat subscribers if he makes that kind of money. the fact is he makes most of his money through subscriptions

👍 104
10ppm
Member
10ppm
October 1, 2021 5:00 pm
Reply to  sm

Compounding is never recommended and we strongly suggest against that. We suggest using a fixed dollar amount for each trade so you can pocket your profits instead of risking them on future trades. A subscriber would already know this, proving once again that SM was never a subscriber of our service. Since compounding is not recommended, no, you cannot become a multi-millionaire as SM claims. We help the average trader grow their trading account over the long run. It is not a get-rich-quick scheme or a replacement to an appropriate retirement plan. We provide subscribers with high-probability trades and consistent wins. The only cheating going on here is SM with his blatantly false and misleading posts.

This week closed out another winning trade of 3.1%. We are currently on a 13-straight win streak right now!

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1209
👍 390
sm
sm
October 8, 2021 10:57 am
Reply to  10ppm

Yes, 13 straight weeks of making around 15 dollars for every 500 dollars invested. If we have another March 2020, all accounts will be wiped out and 10ppm starts looking for new subscribers. All they are doing is making money by selling inferior services to gullible customers.

👍 104
10ppm
Member
10ppm
October 13, 2021 11:45 am
Reply to  sm

13 weeks of 3% gains comes out to a 39% return in 3 months! 13% per month. Correct, it is a $15 gain for every conservative position of $485 and it is highly likely to profit. If we have another March 2020 and lose 13.9% on a trade like we did then, we would still be up over 25% in those 3 months. No problem! Accounts would not be wiped out as you claim, but then again, SM would know if they were an actual subscriber. We’ve been in business for about 15 years and still have subscribers that joined us from the beginning. They stay as members because our trades are consistent and profitable.
As of right now, this week’s trade is looking good and should earn our subscribers another 3%. This would make 15 straight weeks of gains, or a 45% return.

👍 390
sm
sm
October 13, 2021 6:14 pm
Reply to  10ppm

yeah, you are right. do you put all your money in 1 trade? if you are in business earning 25% every 3 months for 15 years…..why are you wasting your time typing here. everyone who had sold a put spread on one of the major indices to make 15 dollars risking 485 dollars would have made money in the last 3 months. it’s like picking pennies in front of a steamroller. so, you are saying that you double money every year even with 4 misses a year??? please be honest and stop fooling customers till they lose their shirts

👍 104
10ppm
Member
10ppm
October 18, 2021 2:21 pm
Reply to  sm

Putting everything you have into one trade, or each of our trades, is not recommended and not something we’ve ever suggested. Compounding is frowned upon as well as using capital that one cannot afford to lose. Despite the success and consistency of our trading program, one should still follow rules that fit their own risk level.

We are good at trading spreads and like to share that with the public. It is not considered a waste of our time to educate clients or customers or to share our strategy with subscribers.

In the last 15 weeks, we’ve earned over a 45% return for our subscribers! Anyone expecting this every 3 months is not being realistic. There will be losses and when they happen, they are well managed. Our performance speaks for itself: https://www.10ppm.com/customer/customerMain.php?section=customer&step=performanceMonthly

SM, we are being honest and transparent. The only fool here is yourself as you continue trolling this site. If you don’t want to use our service, don’t. You’ve stated your opinion (all speculative since you were never a subscriber). Time to move on… you are repeating yourself and not adding anything of substance.

If you have any questions about our service, do not hesitate to contact us directly.

👍 390
sm
sm
October 18, 2021 4:49 pm
Reply to  10ppm

if y0u have no consistency don’t try to highlight a few weeks and mislead. Everyone who reads this thread in it’s entirety can find out how many people have lost their accounts. instead of providing a link that doesn’t consider the dynamics, replicability, and complexity of growing a account…..provide links of customer comments that have their accounts wiped out. people who can’t reason or justify the complexeties highlight these so called numbers and try to find new customers as old customers are leaving after losing most of their money and their hopes dashed

👍 104
10ppm
Member
10ppm
October 18, 2021 5:14 pm
Reply to  sm

We have years of consistency, which our performance shows. You are trying to highlight some losses that never even happened for the sole purpose to mislead. Were you ever a subscriber who supposedly got wiped out? If so, please, share a screenshot of your account showing that loss and include our trade alert that we allegedly sent you. If you cannot provide these requests, we will all know that your claims are false.

As today’s closing bell rang, it marked another winning trade for our subscribers. We just booked another win, making it 16 straight weeks of gains, greater than 3%!

👍 390
sm
sm
October 18, 2021 5:02 pm
Reply to  10ppm

YOU SHOULD READ COMMENTS ON THE FIRST PAGE OF THIS THREAD FROM CUSTOMERS AS FAR BACK AS 2010. YOU CAN BE PROUD OF THE NUMER OF HARD EARNED ACCONTS YOU WIPED OUT

👍 104
10ppm
Member
10ppm
October 18, 2021 5:25 pm
Reply to  sm

We welcome everyone to read the entire thread. We are not hiding anything. In 2010, we did have a large loss and because of that, made some changes. The trade team involved in that trade held onto a position longer than they should have. They made a bad decision, taking on more risk than management and our subscribers wanted. They were immediately terminated and no longer work with our company. Period.

That was over 10 years ago. Since then, we formed multiple trade teams with strict exit criteria. Checks and balances are also in place to prevent a repeat of that one incident. We value our subscribers and their portfolios and made the necessary changes to protect them.

You can see from our performance that no large losses like 2010 have occurred since then.

👍 390
sm
sm
October 18, 2021 5:37 pm
Reply to  10ppm

i also see a lot of manipulation of the comments too from your customer service and fake comments too extolling your service. the wiped accounts are not fake though

👍 104
sm
sm
October 13, 2021 6:23 pm
Reply to  10ppm

you have customers who started 15 years ago??? really??? did they start with 1000 dollars or greater? because starting with just 1000 dollars 15 yrs ago , they would have 35 million now or atleast 20+ million after taxes.

👍 104
10ppm
Member
10ppm
October 18, 2021 2:29 pm
Reply to  sm

We do not have access to client accounts or know how much they trade with. They can trade with any amount they wish through their broker/autotrade provider. As we’ve stated previously, compounding is not recommended. Using one’s entire portfolio is not recommended either. Your scenario is not realistic, very risky and misleading as you probably didn’t even factor in the occasional losses.

Troll elsewhere… you are not stating any facts or providing any value to this forum.

👍 390
sm
sm
October 8, 2021 11:03 am
Reply to  10ppm

what happened to 10% per month???

👍 104
sm
sm
November 14, 2021 4:24 am
Reply to  10ppm

YOU TOOK THIS THREAD TO ANOTHER LEVEL OF FAKE UP VOTES BY SPENDING SOME OF THE MONEY SCAMMING CUSTOMERS- WOW 80 VOTES TO 120 TO 220 TO 330 IN A FEW DAYS. THAT’S GREAT-SPAMMING THIS WEBSITE TOO

👍 104
Amos
Guest
Amos
September 1, 2021 11:04 am

What this service does is picking up pennies in front of a steamroller. They risk $485 to earn $15.

It is true that most of the trades will be winners. They will tell you that they monitor the trades and cut the losses, but it is not always possible.

SPX is a cash settled index, which means it settles on Friday, but stops trading on Thursday. What if they have a credit spread which is 40 points out of the money on Thursday. They don’t close it on Thursday assuming it will expire worthless – but on Friday the markets gap 50 points and SPX settles with both strikes ITM? Oops.. you cannot close it and cut the loss, so your loss is 100%.

Are you members aware of this scenario?

This is a very high risk strategy presented as a conservative strategy. Extremely misleading.

btw, 1opercentpermonth is in business since 2007, but the published track record goes back only 5 years. Ever wondered why? (hint: to hide the catastrophic losses they had in the previous years).

10ppm
Member
10ppm
September 1, 2021 4:20 pm
Reply to  Amos

We do not trade AM settled positions. If Amos was an actual subscriber, he would know this. He is probably another competitor making false claims. The strategy is not as high-risk as these non-subscribers speculate. Their false comments are misleading. As always, you can contact us through our website form with any questions.

Current market conditions dictate how a strategy works at the present time. We don’t have all of our trades on the site because the older trades represent a different market environment. Members can view all of our past trades from the member pages.

👍 390
Amos
Guest
Amos
September 2, 2021 11:05 am
Reply to  10ppm

Amos was a subscriber years ago.

As for AM settled vs. PM settled – it doesn’t really matter if the SPX gaps 50 points or more on the last day. The loss will still be close to 100% and there is nothing you can do about it. Your strategies were always very risky, but now when you trade weekly options, they became much more risky.

As for different market environment – this is the most ridiculous argument. Potential members actually want to know how your strategies perfumed over time in different market conditions. The real reason is that you had some catastrophic losses in the previous years and you are trying to hide them.

10ppm
Member
10ppm
September 10, 2021 2:24 pm
Reply to  Amos

We have no record of any Amos in our database, neither first name, last name or in their email address. The fact that you claimed AM settlements prove that you were not a member. We NEVER traded AM settled contracts. Your 50 point gap is an extreme example that never happened with us. Maybe it did with you and another service but not with us. If you have a date of when that occurred, please share. We could compare to our trade records and prove that it never happened.

Our trade history goes back 5 years. Members can see all trade history since we began. You will see losses on our performance pages and we don’t hide anything. If we did, you would probably only see losses of 10% or less. That is NOT the case.

StockGumshoe really needs to find a way to not allow non-members to ANY service to post comments. Those are the misleading bits of information published by Internet trolls that have too much time on their hands. As we’ve discovered in the past, these are probably false claims from other competing services or individuals that were paid for negative reviews.

👍 390
Amos
Guest
Amos
October 23, 2021 10:38 am
Reply to  10ppm

All those fake reviews mention how “conservative” the service is – they all do it in almost the same language. Also, 693 votes for the service? Really? And 91 upvotes to some of your comments? Both my posts got exactly 17 downvotes and both 10ppm votes got exactly 17 upvotes.. You are not even able to manipulate ratings and votes. Pathetic.

50 points gaps were happening almost almost on a daily basis in February-March 2020.

The bottom line is there is nothing conservative about this service. This is one of the riskiest strategies, and it’s only matter of time till the next huge loss.

Of course when it happens, it will be hidden again deep in members only area.

sm
sm
October 10, 2021 2:56 pm
Reply to  Amos

this is exactly what this service is about, risking 485 dollars to make 15 dollars and to even make 150 dollars you have to risk 4850 dollars. the only way the guy selling this service makes money in stocks is through subscriptions.

👍 104
dlkagca
Irregular
dlkagca
September 9, 2021 6:50 pm

WOW,
Hey Travis, with all of this back and forth between your members and potential subscribers of 10ppm over so many years, at some point we should get down to the bottom of this strategy. Is your member 10ppm legit or not?

10ppm, please go into detail on how the trading team is diffrent now and how many times you have changed that team since 2008?
Are the owners of this firm the actual trading team? Doesn’t sound like it.
What specific improvements to mitigate risk?
Do we need $5k per trade to keep average trading costs down around 1.5%?
I know you would NOT recommend all $ in one trade and cannot give investor advise and only offer a service but what is a general rule of thumb pertaining to allocations per trade? 5% of total portfolio on any given trade. Give us a guidline to your strategy.

Travis, how to we confirm that members on Stock Gumbshoe are really members of 10ppm and not imposters? Is there anyway your AWESOME company can confirm with 10ppm that maybe some of their long standing clients would allow verification and also allow sharing that information on this wonderful site. If 10ppm is legit, you should be willing to do this as it will help your following on this informative website, get you more customers and help verify the truth.

Also, would love to talkon the phone 10ppm when I reach out to you? Email responses only but within a day or two. I really want to try this service but have multiple conserns and am trying to use this great website/platform to get over the hump.

Have seen some bad comments about some of your auto traders in these posts, care to mention some firms in the past that have not worked out?
How did you resolve and were you tracking your auto traders and do you now track the auto traders capabilities (your reputation is on the line at the end of the day)?
Who are some firms that you know trade your strategy consitently well?
Who has been autotrading your strategy the longest?
Why is TD no longer an auto trade option?

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2740
T_G
Guest
T_G
October 4, 2021 3:47 pm

I used to have my alerts autotraded by TDAmeritrade until they cancelled their autotrade program altogether. I now use GAT to autotrade 10PPM alerts. The returns are great over time and I have no complaints. Losses are handled professionally. 10PPM is a great service that other services are jealous of.

Madan Bhandari
Member
Madan Bhandari
October 7, 2021 12:32 pm

I am an experienced trader, looking for a service that screens potential candidates for the options trades. Is 10PPM is a good service?

Add a Topic
2829
sm
sm
October 8, 2021 12:19 pm
Reply to  Madan Bhandari

you probably will be better on your own or do more research

👍 104
Shanta
Member
Shanta
October 8, 2021 10:48 pm
Reply to  Madan Bhandari

Check out True Trading Group

Thomas B
Guest
Thomas B
October 13, 2021 11:28 am
Reply to  Madan Bhandari

I’ve been using 10PPM for years. They are great! The trades are conservative in that they have a very high chance of profit. ..upwards of 85% or more for each trade. Those are great odds! Some prefer to have a higher reward ratio, say risking $1000 to earn $1000 but the chances of that are lower than a coin toss. I like the slow and steady approach and the low-risk profile of 10PPM fits my bill perfectly!

dlkagca
Irregular
dlkagca
October 19, 2021 7:29 am
Reply to  Thomas B

Thomas B,
How many years using 10PPM ?
How are you manging risk for the big losing trades that consistently show up?
What say you about the performance of your own acct vs their advertised performance at 10PPM?

👍 9
sm
sm
October 22, 2021 1:00 pm

These votes for 10ppm are all manipulated. Anyone can easily say looking at the votes. Always 202 up votes for any post. I think they scam subscribers and hire people with some of that money to work on the reviews on this site and everywhere else. Anyone should be skeptical about a service which hires people to manipulate votes and reviews.

👍 104
sm
sm
October 22, 2021 1:02 pm
Reply to  sm

manipulating votes on websites is what they do best

Last edited 2 years ago by sm
👍 104
dlkagca
Irregular
dlkagca
May 15, 2022 9:18 pm

Trish,MP and Adolfo,
Since you three have most recently added to this chain, can you share with us your trades so we can confirm w/ the service and compare monthly results?
How are the bigger loss trades being managed?
Are any of you auto trading and if so with which service provider are you using?

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10PPM
👍 9
Dude
Guest
Dude
July 24, 2022 5:47 pm

If anyone tells you (including 10ppm) that trading vertical spreads is a “relatively conservative” strategy they are smoking dope. The BEST their normal trade can possibly make is 3% and it usually does just that. The worst that can happen is a complete wipeout if you let a bad trade expire without closing it prior to expiration. If you are not auto trading you have to PAY ATTENTION the entire time the trade is open in case it heads south and they close it. This will give you a major stomach ache (once you figure out the risk involved) from the trades beginning to end. When they do close the trade (it’s rare, but happens) it’s like someone pulled the fire alarm in a crowded theater. It’s every dog for himself. The only losing trade so far in 2022 is from 7/14/22 and officially posted at -14.5%. MANY suffered nearly 3X that loss. I don’t know if this disaster is typical of every losing trade. I will stay a subscriber for now but use a smaller amount of capital. If I ever get to break even I will evaluate at that time whether to stay or not. If I do stay I am going to go to auto trade. I can’t handle the stress of doing it on my own. 5 stars prior to getting “educated”, 3 stars after

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10PPM
Dude
Guest
Dude
July 27, 2022 11:04 pm

2 successful trades since the 7/14/22 debacle. Both were nail-biters as the trades leaned short but the market rocketed higher, but they both closed green for 3%. Both were pants sh–ters if you monitored them! Boring markets are a friend to 10ppm but that’s not the way of the world at the moment. Managing volatility is a real challenge. I would argue against their advice not to compound IF IF IF you started with an amount that you could afford to lose and let it ride for a year, then evaluate. Their track record really is remarkable

Dana Craig
Dana Craig
December 16, 2022 9:05 am

10% per month is a mirage. They issue trade ideas but Global auto trading hasn’t been able to execute them per the directions. Then I get an email at the end of the week suggesting another 3% was made.

Anon
Guest
February 2, 2023 4:03 pm

On 2/2/23 their “traders”, as they like to say, (I highly doubt there is more than one trader) opened a bearish spread FIFTEEN MINUTES prior to the FED policy statement and press conference. Who the hell does that? Even amateurs know not to trade ahead of the FED announcement because the markets can go crazy. Anyway, the market rocketed when it became clear FED Chairman Powell had become way less hawkish in his comments. Of course, the trade cratered and was closed for a loss that wiped out over 6 weeks’ worth of gains. A very reckless trade that was completely unnecessary. Prior to that, they had a winning streak dating back to July 2022.

Dude
Guest
Dude
June 30, 2023 3:36 pm

6/29/23 was a frigging disaster. Trade went south out f the chute on 6/29 and on 6/30 they CLAIM they closed the trade near the open for a modest loss but the sell order didn’t appear on the website (and auto traders didn’t get sell instructions sent to their brokers) until 1;40 PM EST. By then the losses were catastrophic for members. You can bet they will post the smaller loss on their website track record. These guys lie like Donald Trump. After a year of auto trade, I can say things were going really well for about 6 months but the spring and early summer f 2023 have seen loss after loss. And losses are HUGE. Stay the hell away. zero stars

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5029
Dennis
Guest
Dennis
July 22, 2023 2:07 pm
Reply to  Dude

I concur with Dude. The 6/29/23 loss was huge and will take many months to recover from even if I replenish my account with enough funds to continue trading. They said that some customers were able to close the trade in the morning for a relatively small loss but I never got the e-mail alert until the afternoon when large losses had already mounted. My auto traded account reflects this also. As of today they still have not published the results of this disastrous trade in their performance record on their web site.

gumshoejohn999
Member
gumshoejohn999
July 29, 2023 3:47 am

This service is Bernie Madoff-level fraudulent. Go through their earnings reported from 2021 to the present and then assume you have $1000 invested in them and see how the returns grow over time. As of now (July 2023), their supposed return on capital in just 2.5 years is 824%. Since their trades are all 1-day trades, this is the equivalent of 7702% annualized returns when deployed (not counting when your cash can be used toward other strategies).

With such great returns, why aren’t they advertising that extreme level that would prove they are the greatest traders on the planet? Obviously, this should strike everyone as absurd and it is. I have spent a few hours trying to develop my own strategy exactly like this one and with the benefit of optimizing the past, one might be able to be devised that produces more than 100% annualized returns (NOT 7702% annualized returns) by being much more selective than they are. But there’s quite literally no way any of their results are remotely true.

YES, it’s true that the strategy they employ will win week after week after week after week. It has close to a 97% chance of success, nominally speaking. So you can easily have LOTS of genuine reviews from people using this service for 1 or 2 or 3 months or more and their reviews will likely be rave ones because it does work the vast majority of the time. But it’s quite clear that most reviews are fraudulent because they spout the impossible marketing material that use the exact small losses claimed by the service, which are clearly wrong and wildly contrary to the many angry reviews by actual people who lost nearly everything.

When this strategy loses, the losses will be either total (100%) or most often close to total. They claim to have sophisticated methods to get out before losses are large but that’s clearly pure bullshit. There’s simply no way to get out of all-or-nothing 1-day options trades, which these are, with maximum loses of less than 15%. It’s just not possible. Period. Any options person (expert or merely amateur) will tell you that. If you have an options strategy with expiration dates of 6 months in the future, it’s almost always possible to get out with the maximum losses of less than 15%. With monthly trades, maybe close to always. With weekly trades, not possible (although certainly plausible in most cases). With daily trades, uh, no. Just no.

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Dude
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Dude
August 7, 2023 7:19 pm

In a follow-up to the absolute disaster that was the June 29/30 2023 trade I see that the 10PPM service conveniently did not see fit to include it in their performance record AS IF IT NEVER HAPPENED!!! How these clowns are not in jail is a mystery to me. They must operate outside the jurisdiction of the United States. Maybe Nigeria?

BullOrBear
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BullOrBear
September 8, 2023 4:55 pm
Reply to  Dude

Umm… the losing trade you refer to IS included on their performance. What else are you possibly lying about? hmmm…

Dude
Guest
Dude
August 21, 2023 6:02 pm

Cinder, I am to blame only myself for poor performance when I give them authority via auto trade? Do you even know what auto trade is or how it works? It’s THEIR performance, not mine

Dude
Guest
Dude
August 26, 2023 12:05 am

These 10ppm positive reviews are clearly plants, IMO. I’ve been trading for 30 years, including options and I’m not an idiot. I know the risks of playing these very volatile trading instruments. If they think my reviews are BS then SUE ME. I have the trade confirmations, email alerts, and auto-trade records to back up everything I have said from 9/22 to 7/23 . Try them out if you want, but stay SMALL. Maybe you will be fine, but if/when SHTF don’t say you weren’t warned . These are not intentionally evil people but the track record they post is complete BS compared to the actual results. I’m done with posting about them. I’ve warned all that I can. Believe what you want and I hope you have great luck., better than my own disaster anyway. I had huge hopes and it was all fun and games until the market, once again, taught us we were all amateurs and will take your money and laugh at your dreams

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BullOrBear
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BullOrBear
September 8, 2023 4:54 pm
Reply to  Dude

Interesting…I have the same trade confirmations, etc., as you and had a VERY different experience for June 29/30. I closed the trade as they recommended and they were able to stave off a catastrophe! What you’re paying them for is access to their trade alerts. You have to get the trades filled. If you choose to use an autotrade service, you essentially gave your autotrader authority to trade for you, not the service. As stated on their site, they don’t fill trades for you and individual results will vary depending on what your broker fills for you.
My 3 years with them have been very profitable! Don’t listen to these fools. They probably risked all their profits, missed an alert or couldn’t get their broker to fill and want to play the victim card. 10ppm is a very professional service with many years of success and profits!

Jared
Guest
Jared
September 5, 2023 2:47 pm

The June 29/30 trade went well for me. I don’t know why these other comments are so far from the truth. The trade did end up being a losing one but 10 percent service shared the exit trade right after the opening bell. I was able to exit the position as advertised. Maybe those that couldn’t did not receive a trade alert until later? I got mine and was able to exit the position with no problem. Outside of that, the service have been truly great for me. Their goal is 10% per month but it all goes well, they usually get 3% each week, or 12% each month. The performance on their site is pretty impressive and my results, less commission fees, reflect what’s there: https://www.10ppm.com/customer/customerMain.php?section=customer&step=performanceMonthly

Tom
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Tom
September 6, 2023 1:46 pm
Reply to  Jared

I agrree Jared. I too get exit alert. At 9:37. A little bit delay but can still close trade. Most trade expire no problemo. I use 10Ppm 2 years now. Very good result!

BullOrBear
Guest
BullOrBear
September 8, 2023 5:03 pm

10PPM is a premium service that shares options trade alerts with members. You’ll have to get your own orders filled as that is not part of their service. Some prefer to use an autotrader but I like to manually trade myself. I like to get my hands dirty and it’s very fun getting in the trenches. As of right now, they focus on credit spreads on the SPX and for the most part have been very good at their picks. Of course, not all trades can be a winner but if and when they do have a loss, they cut them quickly! The largest losing month I’ve had since being a member was in June of 2023. It was 18.6% due to 2 losses in the same month. On the flipside, they only had 1 losing month in 2022 and 2 losing months in 2021. That’s a great track record! See for yourself!
https://www.10ppm.com/customer/customerMain.php?section=customer&step=performanceMonthly

Dude
Guest
Dude
December 6, 2023 11:00 pm

For those of you neophites that believe that Tom. Jared and Bull and Bear are telling the truth and you subscribe then you will get what you deserve for not heeding warnings. Donate your money to a desreving charity and save your souls instead of listening to this BS. It amazes me that 10PPM advetized all over the internet until the 7/1/23 disaster. You don’t see them ANYWHERE now. I bet they lost 90% of their subscribers. Thye sure as hell lost me.

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