Author/Editor
Chris Johnson
Publisher
Money Map Press
Description
Advisory looks to make quick gains on fast-moving stocks, both up and down, using options.
See also a Chris Johnson’s now-defunct options service Seismic Profit Alert.
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1.4
Rating from 225 votes
If you’ve subscribed to Night Trader (defunct), please click the stars below to indicate your rating for this newsletter, and please share any other feedback about your experience using the comment box below.
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I have filed a complaint w/ the SEC, I hope everyone does. I received a reply from them.
I am glad I stayed away from night trader. What about Radical Technology Profits? I got taken on that one and they refused to talk to me about it. The SRI claim was pure fiction.
Sorry to hear Radical Technology Profits is so bad. Nova X is wonderful. Strange to think the same author could be so good with the cheap newsletter and so bad with the premium service.
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
They won’t refund your money. Johnson is definitely a “bad dude.” I think only 2 of 16 or 17 of my original positions are open. And, that was before “the crash.” Money Map will allow you to switch to a different advisor. I recommend Fitzgerald, Barton and Gentile. I have recently begun buying some NovaX recommendations, but I do not have any long term experience to tout or denounce. Just don’t make the mistake of “betting the farm” on any recommendation…..stay conservative, and don’t chase stocks or options that move against you by buying more at lower prices….it rarely works. I know because I have tried that and lost more money!
My experience with Night Trader is essentially the same as other comments. Results no where near what was promised. I filed a complaint with the Better Business Bureau of Maryland, entered a dispute with my credit card and sent a letter of complaint to Money Map Press. The first response from Money Map said they don’t give refunds. I responded and said their advertising was very misleading and that I would be filing complaints. The next day I received a full refund. Wish you good luck!
Folks, this discussion is EXTREMLY VALUEABLE” to us guys with just a few bucks that we can scrape together for “mad money”, that are raising a family, but have hopes of being able to tell them that “Dad did us good!”
. I appreciate your honest inputs. And do 100% agree. So far, I have only subsribed to Nova-X report, and don’t have any real comlaints except, I am no inondated with constant Sales/Marketing slicks for yet another and another subscription pitch, with “too go to be true results”.
Kudo’s to the gang that are calling BS where is should be, and incontact with BBB, and FCC.
I’m new to Nova-x so will give it a go for a month or two, and see if Michael is selling the same snake-oil as the other “advertizers” tailgating on Nova-x subcribers.
Again, thanks to this blog, I think I can sleep at night, and look my family in the eye. Because, I think I’m doing the best I can with what I now know.
Thank you….. –
I get so much spam m ail from them I actually missed out on a good email about a nova x stock…gggrrrr
It is a scam. I bought in on 12/23/17 and Night Trader hasnt even once delivered on its promise of 50%, 100% or more profits over night. The recommendations have essentially done nothing. But that probably doesn’t make any difference to Money Map Press. They have my money and the money of a lot of other people who bought the lie.
I inquired about this, and MMP said that they don’t permit the author to trade so that they can be sure there is no history of performance. Amazing they won’t tell you that. I did follow their trades and some actually made good money after 5-9 months. That’s a far cry from overnight.
I don’t believe any MMP service can be trusted.
Was swamped with emails about the Night Trader, sounded really scammy, decided to check with you guys for real world information. Yup, just another low, low pos fraud.
Thanks guys.
This sounds exactly what is called a “pump and dump”.
Like Tokyo Joe back during the 1990’s tech boom/bubble. He would recommend a stock to get people to pump it up and then hit the sell button right after he sent out the email. He was shut down by SEC.
Well , an update as of March 14th. By his calculation of four positions that have turned around into small winners – GME,MU,VIX,WLK, a cumulative gains of 120.84% – average gain of 30% i guess. That means if you risked $1,000 in each stock , you would have made $1,200. Then he closed out a couple of other small winners today (30 and 10%, , so he can now say “our tenth consecutive winning option close”. Note that this would mean saying nothing about the straight stock trades which have fared less well – many of which had stop losses triggered. Now , at the end of the day , he wants to clear out all the option losers. this includes PEP and Sbux which are basically total 100% losses (strikes out of the money (wrong side) expire in two days), and HST would be about 20-25% loss depending what the price one manages to get. Again with, a risk of 1,000 on each, you would have lost about 2,200.
I’m glad I have stopped putting actual money in, and following this has not convince to do otherwise. He always seems to get into the stocks after the big runup or rundown has already happened.
Hope this helps some of the gumshoe readers save their money.
I sure wish I could get some money back somehow.
Any donations for this story are welcome!
SCAM! I tried the service and used the recommendations for the first quarter of 2018 and am DOWN just under $3000.00. DO NOT USE>
I’ve posted other trades and results from this Johnson .
Here’s another example.
How about this for a recommendation from him.
After hours on April 23 – his reco is to buy CLX May 18 $120 Puts
What happens on the April 24th.? all indexes were down big time today .
Guess what one of the few stocks that actually went up? CLX of course. By $1.12!!
Stay away from this!
Sample of the ad: http://iownthenight.com/?src=sms_conf_page
Exclusive Money Morning Event:
Close Your Eyes… and Imagine Yourself Making an Extra $1,000 a Day.
On December 19 (at 8 p.m.), one of the richest guys in America exposes the most sought-after secret in all of finance.
Dear Rob,
Can you even imagine what it would be like to make an extra $1,000 a day?
What would you even do with that kind of money?
I know what I’d do…
I’d stop working immediately, buy a mansion in West Florida, and spend the rest of my days traveling, dining out, and reading books on the beach.
For most people, $1,000 a day is nothing more than a fantasy.
For The Night Trader, it’s been a reality.
As a former CEO, broker and Director, The Night Trader is the one man in America who has figured out a way to infiltrate the markets after the closing bell at 4 p.m…
A few people had asked in the Seismic Profits page how the new Night Trader service was performing. I didn’t know Night Trader had its own review page then (I didn’t see it), so I originally posted this in response to the question on the Seismic page.
Short version: I tracked his performance on a trade by trade basis for the first five weeks of the service, from December into January. Overall, the market was on a rampage back then, with the S&P gaining 4.73% in those five weeks. It was easy to make money – UNLESS you followed the Night Trader. In that case, you had a small loss.
This guy is allegedly some kind of expert quant. I say he’s a complete muppet. Here’s the full text of my review of his first five weeks:
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.
Here’s the mid-April update that I posted about Night Trader’s performance. I didn’t know it had its own review page yet, so I originally posted it on the Seismic page.
Another update on his new “Night Trader” product…
This week’s results were a true embarrassment 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. [edit for clarification: yes, that means his followers lost 10% in one day on that trade.]
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 was getting the same disastrous results so I decided to stop taking his trades. If I was doing the opposite of all his trades my account would have been up 60%. On May 18 when the trades expired at total to significant losses I made the decision to not lose any more under the losers he had been sending us. In the meantime he’s reporting winning trades!! And we were going to see more of the same!! I had lost enough under his direction so I could not afford to wait around for his turn around. The Night Trader is a farce and a disgrace to Money Map Press.
May 18 update: to be fair, Night Trader has closed out five positions at a profit this month, including one that was a double.
On the downside, two of his options positions expired worthless on May 18 and he closed out two more at losses.
He also had one stock trade (American Eagle Outfitters) stop out at a full 10% loss earlier in the month. If you had equal money in all positions, the losses wiped out the gains – and then some.
The May 18 “mission scorecard” shows six stocks and four options positions in the current portfolio. Two stocks and one option are listed as slight gains ( 6.5%, 5.9% and 3.0%). Three stocks are down slightly with the other one flat. It’s the other three options positions that are the ongoing nightmare, listing as down 25%, down 40% and down 90%.
Anyone following his instructions is losing again this month, though not quite as badly as at this time last month.
I can’t resist adding that one of the failed options trades was a put trade on GE. Please pause and take a moment to look at a 3-year chart of GE stock. It almost doesn’t seem possible to take a big loss betting against GE over the last 18 months. And yet the alleged quant extraordinaire Chris Johnson somehow managed a 100% loss doing exactly that. Now that Michael Lewitt is out of the running, I think this officially makes Johnson the biggest clown on the Money Morning roster.
Meanwhile, one of Money Morning’s endless bits of spam touted Night Trader’s recent performance of “nearly two winning trades per week” as if this is some kind of unstoppable money making machine. The text said that unless you were “killing it” with your own investments, you should strongly consider signing up for Night Trader. No kidding. They really said it.
I’m stunned that even the hype machine at MM would have the gall for that one. If you’re not already laughing hysterically, here’s the punch line: he puts out roughly five trades per week, sometimes missing a day but sometimes posting two trades at once. We don’t need Travis and the Think-o-lator to figure out that even if he continues this recent “nearly two” winners per week, then over 60% of his trades are still losing money.
I have had extremely poor results with Night Trader!!!! I have a spreadsheet of the recommended trades that I made and the results are horrendous. I started 02/01/2018; As of today, 05/25/2018, I have been involved with 39 CLOSED trades (close to 100% participation); my average LOSS per trade is 14.81%; there were two excellent option trade results (+95% and +152%); there were 22 trades that LOST money; 10 of the those 22 trades closed LOSING 80% or more; 6 of those 10 losing trades LOST 90% or more. However, the main reason that I am commenting is that I really object to the sales pitch. This service is not truly honest with how it expresses results. The wording of results may, technically, be true but one would not realize, for example, the above poor results since 02/01 from reading their weekly summaries, etc. In the words of fighter Roberto Duran, No Mas!! No Mas!! Please be careful.
This has been a painful mistake for me as he gives NO REFUNDS and $2500 is a painful mistake. I knew from the beginning this guy did not know what he pretends to know. I took one trade and lost big time. I felt he should at least give a trial period but he will not even consider that. I now know that no refunds mean there is no value connected with the recommendations and buyer beware.
Mary, I had the same experience as you and many others. Here are a couple of options: if you paid via credit card put it in dispute because they made false claims and were misleading, you didn’t get what you paid for. Secondly, report them to the Maryland Better Business Bureau and relate the entire story. I did this and I received a full refund within a matter of days. However, their first response to me was that they don’t give refunds. Be persistent. Night Trader should be, in my opinion, prosecuted for false advertising and other things.
Thank you David for your encouragement to continue to fight this costly mistake of Night Trader. I did dispute them through my credit card, but they could do nothing as the offer stated “NO REFUNDS”. I will try Maryland Better Business Bureau. Do appreciate your comments
To David, I cannot thank you enough for your Business Bureau recomendation. BBB came through for me fabulously and I received my money back. Your response was to my problem was so welcome and so appreciated. Nice to win over the bad advice we fall victum to. Again, my thanks David.
So glad i stumbled across this site. I was ready to put up the 2500.00.Thanks for the ones here that showed us all how much a crook Night Trader is!
The money you think to put up for trade is not quiet enough to pay for their subscription. Better pay them and keep away. You will not lose any more penny. They may become rich by the night advise; may be making multi millions
I am currently subscribed to another Money Map publication, ” The Money Zone” with Shah Gilani. I had a very good 55% return, 872% annualized my first month (June 2018). So far, it’s been spot on. I was about to subscribe to “Night Trader.” After reading your comments, I will not be subscribing. Also, I wasn’t crazy about holding on to some stocks for months–that’s not my style. Thank all you guys for saving me $2,500!
Judging the comment of the people whom invested their money in Night Trader I see that I have made a dreadful mistake and the money taken from my account without any investment made is dangerous course of business
You took $6775.00 Au from my account without notice and therefor I seek a return of my money. I have asked Visa to look into this matter and try a settlement.
Hi Jack- This is just the Stock Gumshoe review page for The Night Trader, where readers post reviews. We don’t publish The Night Trader or have any relationship with it. You’ll have to contact the publisher, Money Map Press, regarding your subscription: https://moneymappress.com/subscription/night-trader/
I hope that helps!