Mad Hedge Fund Trader

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BenBilljim knockeJim ParkerRobert Recent comment authors

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jozsika
Member
👍7
jozsika

I subscribed to the free version (the paid one is $4,500/year.) Based on the trades I have seen so far I don’t believe in his published results. He very well may have his e-mailed trade alerts “audited” but he doesn’t trade them so the audit is nothing more than tabulating his fictional results. He sends out trade alerts on low price, deeply ITM or OTM thinly traded spreads. 0.10-0.20 slip is not unreasonably in this type of instruments and that can change a hypothetical profit to an actual loss. OTOH subscription to his co-author the Mad Day Trader comes with… Read more »

h2oskier
Member
👍4
h2oskier

I agree with Joseph Janos comments, except I was a subscriber and lost money where he posted 35% and said you goal should be half that. 1st problem is results posted are based on where the options market is at time of trade AND the reality that markets move fast AND over 1/3 of trades don’t fill, but he counts them as successful or unsuccessful trades. Ironically most of the biggest winners are ones that don’t fill, and you need the winners to offset the losers. 2nd problem one can have with MHT is commissions eating half or more of… Read more »

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Gilbert Specht
Guest
Gilbert Specht

Just read John’s bio. He supposedly graduated from UCLA in 1974 which makes him at least 64 years old. He also says he was “Drafted” by the US Marine Corp to be a pilot when Iraq invaded Kuwait. I would challenge anyone that claims they were “Drafted” to be a military pilot in a war at age 48. He’s full of something.

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N. Flonkerton
Guest
N. Flonkerton

Dead on, Gilbert. If you didn’t see his recent post in which he recalls B-52 missions from Anderson AFB, you’ve missed another whopper. That people would throw hundreds of $ a month at this clown without assessing his phenomenal claims is tragedy.

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jim knocke
Guest
jim knocke

As a career Marine Officer, I can assuredly agree this guy never flew anything. Those drafted under
Secretary McNamara’s reign were mostly mental category 4’s who could not perform most basic tasks.

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5916
ariekanari
Member
👍4
ariekanari

I also subscribed to the free version of his service and received a few trades, in which he describes the trades (usually debit spreads; debit spreads are not that easy to defend if the trade goes against your assumtions as credit spreads). He also provides a screenhot of the order (so you know which leg to buy and which leg to sell) but for 3 out of 5 trades he provided the *closing* screenshot instead of the BTO screenshot. If you subcribe to his Facebook page or receive his emails you will notice that he often recycles his previously written… Read more »

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1728
dapez
Member
👍12
dapez

Also subscribed to the $499 3 month service and quickly lost money on trades he claimed to have made outstanding profits. Looking further, I found his service claims the best exit and entry price that might have been true for an instant. I protested requesting a refund, and the service informed me they never refund unless you demonstrate you have taken the trades for the full length of the service and don’t show a profit! I persisted and did get the refund.

However, John Thomas is an interesting person, and covers lots of territory.

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4938
N. Flonkerton
Guest
N. Flonkerton

Read Gilbert Specht’s view again, and magnify by 5x. John Thomas’ “history” is an impossible fairy tale. In answer to a commenter in a Sept 16, 2016 SA Post (“The Mathematical Impossibility of a Trump Win”), he states “I did 10 years at the Economist, 1974-84. Covered Reagan, Thatcher, Cho Enlai, and Deng Hsiou Ping.” But in a recent article on SA (“The Next Korean War And Your Portfolio”, Apr 24), he regales potential subscribers with the tale of his mission as a Co-Pilot on a B-52 stationed at Anderson AFB in Guam in 1980. So… he was a SAC… Read more »

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EJK
Guest
EJK

The man is a pure sociopath, buyer beware.

Robert
Guest
Robert

This is the most expensive and least worthwhile service I have ever seen. Huge promises with claims of past successes. Very little to show for it. His emails are mostly gossip about hanging with his rich friends (Branson, Musk, Former to name a few recent ones), about all his expensive toys. and about his travels. All bragging gossip with nothing to do with making me money. And when he does make a suggestion, it is usually something most of the market is aware of, like a recent IWM suggestion that’s successful, except his exit recommendation arrivedFriday at 2:30 PDT. He… Read more »

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Jim Parker
Guest
Jim Parker

“a person with a personality disorder manifesting itself in extreme antisocial attitudes and behavior and a lack of conscience” is the definition of a sociopath. In this case he is role playing a nice guy. His favorite saying regarding trades is “don’t chase it, there are plenty of fish in the sea. Can you guess who he thinks the fish are?

jim knocke
Guest
jim knocke

I paid $2,000 for the Mad Hedge Fund Letter; it is not listed in any of the drop-down fields. His emails pontificate on an extreme knowledge and grasp of the unknown. Otherwise known commonly as BS. He rambles on as tho he has not had his pablum. If this individual ever made real investments, it certainly was not based upon his intellectual ability. Those out of reach within the hour to buy options are already priced out of reach. This group is dangerous with the poor advice they put out.

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Bill
Guest
Bill

All I can really say about him is, if he was making 30%+/year as a he claims, would he really need to keep making constant huckster pitches at potential clients? Also he just makes no sense at times – says “college students have started his program” with as little as 5k to invest. Well the best discount cost he offers is 2k/year, even that mythical 30% gain doesn’t cover it and even if it did, how much would be left as profit?

Ben
Guest
Ben

now he had to pay $3.6 MM tax on $10MM earnings… I wonder how much is from trading and how much from the paid services