Thinking Trades

If you’ve subscribed to Thinking Trades, 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.

Investment Performance

No votes yet... cast yours!
No votes yet.
Please wait...
Your vote

Quality Of Writing/Analysis

No votes yet... cast yours!
No votes yet.
Please wait...
Your vote

Value For Price

No votes yet... cast yours!
No votes yet.
Please wait...
Your vote

Customer Service

No votes yet... cast yours!
No votes yet.
Please wait...
Your vote
guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

5 Comments
Inline Feedbacks
View all comments
Kim
Member
Kim
August 16, 2011 1:29 pm

Thinking Trades is trading S&P 500 futures. The subscription cost is $200 per month. The service provider name is Vinay.

I was a subscriber for about two months. There are few serious issues with this service.

Slippage and commissions: Average trade makes about 9-10 points and you can expect 2-4 points slippage, so on average your performance will be 20-40% lower than the posted performance. He makes about 500 trades, even with the cheapest broker, that’s about 3k in commissions.

Risk management: on March 1st, he lost 3.5k in one day. That’s a lot o 25k portfolio. The markets kept falling and kept “buying on dips” till he had full 4 contracts position. Limiting the losses is the most important thing. When in doubt, cut the losses and stop trading for the rest of the day. Lately he just stopped using stops at all.

Correlation with S&P 500: the performance has very high correlation with the S&P. All drawdowns happened during corrections. Corrections were very minor since August 2010. I don’t want even to think what will happen during more serious correction. I think this is the biggest issue with this service.

The overall performance since August 2010 was very good, but it has been achieved during rising market. He made about 600 points since August 2010 (in reality you would probably make about 400-450), but S&P is up about 300 points during this period. He trades 2 contracts on average, so if you bought the same two contracts and just held it, you would get the same results.

After the recent market plunge, the 25k model portfolio lost about 18-20k after holding 2 ES contracts long from the 1327s area. To add insult to injury, he stopped publishing the track record. When everything went good, he was updating the track record once a week. Now the record is not updated for more than a month. He stopped responding to emails as well.

Similar thing happened to his options service. He had an options service which performed reasonably well during a bull market but took a hit during the mid 2010 pullback. So he just stopped it and started the futures service. His services have reasonable performance during bull markets, but get absolutely hammered during pullbacks or bear markets. Risk management is non-existent.

He will probably open another service with different name after wiping the futures portfolio. BE AWARE. VINAY’S SERVICES WILL EVENTUALLY WIPE OUT YOUR ACCOUNT, IT IS ONLY MATTER OF TIME.

Add a Topic
570
Add a Topic
570
Savitha
Guest
Savitha
December 5, 2016 8:08 pm
Reply to  Kim

Kim: I wish I had checked your feedback before I let Vinaya trade my account. He has wiped out nearly 600K & has left me bankrupt. I am considering a lawsuit against this guy.

Savitha
Guest
Savitha
January 16, 2017 7:33 am
Reply to  Kim

Kim: Can you email me please.

Kim
Member
Kim
September 6, 2011 11:12 am

Forgot to rate.

P.S. The track record is still not updated since 7/7 (two months, it used to be updated every week when things went well) and Vinay stopped responding to emails.

The links to PayPal are still active ($150 for options and $200 for futures) while both services are probably not active anymore. BE AWARE.

Add a Topic
570
Kim
Member
Kim
October 5, 2011 2:35 pm

He finally updated his performance after more than three months (when he was making money, the performance was updated every week). Guess what? In August he started trading NQ and TF in addition to ES. But in July he opened two ES contracts that were showing 15k loss in August. That’s 60% loss on 25k portfolio in two weeks. So how could he trade two more contracts on 25k portfolio with two open ES trades losing 15k? After such a loss, you would probably get a margin call anyway.

Vinay is one of the most dishonest service providers, in addition to being a horrible trader with zero risk management. BE AWARE!

We use cookies on this site to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies.

More Info