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Zenith Trading Circle (defunct)

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Tom Slack
Guest
Tom Slack
August 11, 2017 2:17 pm

This is a total scam and it is highly advised that anyone joining this circle of grief should be prepared to loose all of their investments. Go to the dog track play the ponies, odds are much better than they are with someone who brags about 50% daily gains, total bunk.

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rmiken49
Member
rmiken49
August 12, 2017 1:58 am
Reply to  Tom Slack

I was in the Zenith in 2016 briefly. Buying options whether puts or calls is risky. Unless there is some technical understanding of the market variables whether in an up or down market, it is difficult to make a decent profit. The recommendations from any of these websites usually are reasonable but unless the recommendations fit the market direction at the time, one may be disappointed. I have technical services I use that help me through the daily market variables that help me to know when to buy or sell options. I use stockcharts.com plus free stock charts to watch stocks and including market watch and yahoo finance (assemble portfolios). I pay several hundred dollars a month for the technical service but well worth the cost for profits that help pay for the services and making reasonable profits. Again, the recommendations made by Zenith and/or others are only profitable if they happen to fit the market direction at the time.

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Tom Slack
Guest
Tom Slack
August 11, 2017 2:31 pm

I tried to include my post but it was dumped by this group, stay away from Zenith, donate your money, this is a total scam, worst I have ever seen, not a single legitimate trade recommendation ever comes out of the Zenith Group or related entities, total ripoff.

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George
George
August 12, 2017 1:12 am

Guys ,
Havent you worked out his joke yet ? YOU are his 44% per day . The 5% percent that ask for a refund gives him a 95% success rate ha !

john
Guest
john
August 13, 2017 9:53 pm

Have not earn a dime , that’s $2000 down the drain , Oh yes got an email apologizing for the stock market behavior , wait didn’t I gave you $23000 for expert advice , STAY AWAY . oh by the way they wanted to short tesla which kept going and going , only stock they got right was Sears but I did not need to pay $2000 for it simply go to what was once Sears and you knew . RIP OFF

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rmiken49
Member
rmiken49
August 13, 2017 11:54 pm
Reply to  john

Guess you are past the time to get a refund? Got mine last year when Michael Lewitt was writing. As noted in my post above, services such as Zenith often provide correct info about stocks such as Tesla. However, when the markets are in an uptrend, optimism prevails and even companies such as Tesla (never made a profit) continue to go up by deep pocket speculators. When the markets reverse, Tesla will fall along with the rest. We should be getting a larger correction down very soon but with a small correction up this week. The markets are in the process of forming a major top that should take place over the next few months. Afterwards, companies such as Tesla will find its way back to its $20-$30 a share after the start of this bull market in 2009. With options, this can be tricky and disappointing unless one understands the market ups and downs and can trade with the market swings. I have been tracking Tesla puts but waiting for the next potential market drop of several percent before I buy them.

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john
Guest
john
August 13, 2017 9:54 pm

Correction I mean $ 2000 not $23000 Either way it is a rip off

Chuck Mistovich
Chuck Mistovich
August 29, 2017 4:41 pm

How can Shah make claims of 400% ++ daily – I would think there would be successes to support those numbers?

Craig
Guest
Craig
August 30, 2017 1:58 am

This is by far the very worst so called get rich overnight newsletter I have ever subscribed to. It was also one of the more expensive ones with a 100% strikeout rate. I believe the strike out rate had more to do with their strategy of buying out of the money put options versus the advice. Making money with this strategy is like betting against a Vegas Casino, because you not only have to pick the stock direction, you have to be right on when it will go up or down before your options evaporate. Like most rigged games the only people making money are the ones selling advice or options.

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rmiken49
Member
rmiken49
September 2, 2017 10:22 pm
Reply to  Craig

I certainly agree. The newsletters are intended to attract members who are hopeful that a lot of money will be made as subscribers. The recommendations issued are sometimes spot on and other times one ends up losing everything. The newsletter recommendations are only good if they happen to catch the right moment in the markets for their recommendations. I have been a lifetime member of Agora Financial (use to be Taipan when prices were lower 2007). I have access to many of their newsletters (13). The majority lose money but two or three (out of the 13) make reasonable profits. Many of them follow the latest mania such as Penny Pot Profits, Crypto Alert, Gold Speculator and so on. Many of their publications are intended for the long terms and can dwindle down to nothing with hope that eventually if the market changes directions they will be profitable. It is not an easy task to watch an investment (options) lose money, so I seldom utilize their recos but attempt to do my own on a shorter term basis and depending on how the markets are behaving. As noted in earlier posts I use other services to help me with market directions and when best to invest (options) whether puts or calls. The newsletter recommendations (Agora Financial) do try to stay with market trends in different sectors. Their publications are a good source of information if one decides to make a market play on their own. I only pay a small annual maintenance fee which makes it worthwhile to stay a subscriber. I opted for a refund last year with Zenith. Made more money playing the lottery.

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Charles Markland
Guest
Charles Markland
September 3, 2017 1:18 pm

I am not a subscriber or an investor, although I could utilize some of the outlandish profits adverteased(not a misprint) in a good number of these “newsletters”. I don’t travel in circles of people who can afford to “invest”, let alone lose, the amount of money being required to ante up to participate in their offerings. This participation seems to be a rich man’s game and it almost appears to have a braggartly tone regarding how much one can lose and still remain intact. I also very much wonder about the relationship of these gurus with the networks which promote their validity. Where are the sleazy law firms ready to bring suits against these charlatans? All of the appropriate truisms seem to be ignored when it comes to greed. Morality be damned, caveat emptor.

Thomas Slack
Guest
Thomas Slack
September 3, 2017 6:40 pm

I agree 100% this is just a total scam. On another service, following each trade and buy 10 contracts from Jan to July my investments of 150,000 had a .95% loss and the account balance at cancellation was 7,412.23 !!!!

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Alan
Guest
Alan
September 5, 2017 2:57 pm

Recently tried four of Shah Gilani’s free picks he sent out to try to con people into joining his Zenith Trading Circle. All four were losers. Even saw him on Fox Business telling an anchor how many times he has been burned on TSLA trades. Total fraud and loser.

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bob
Guest
bob
September 16, 2017 9:14 am

they don’t tell you about the losers

George
Guest
George
September 18, 2017 9:07 am

Joined this when it just started by the original guy that gave it to Gilani. Was able to cancel before they automatically charged my credit card for another year at the reduced price of $1,950. It cost me $2,500 to join plus 37% exchange a year ago. What a total rip-off. I have no idea how they figure out the figures for the success that they post. I did 7 of their put option plays when I first joined & they all expired without anything happening except one which I made about $200 on. So nothing like getting the subscription paid for. I think the term the original guru used was “xerox trades”. Everyone was going to make money multiple times on the same stock. What a joke. …expensive joke. This whole racket is always trying to sell you another service or letter or report that is going to somehow make you money. I think we all know who’s making all the money, right?

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rmiken49
Member
rmiken49
September 18, 2017 12:20 pm
Reply to  George

Joining these newsletters are expensive for investment advice. Before joining any newsletter, option service, etc. it is important to have comprehensive knowledge on how markets work to determine if any investment advice is prudent to take at any given time. I discovered the same flaw with Zenith last year and opted out before I lost my initial fee. Michael Lewitt was correct in his approach but only if markets had turned down. (He was probably about a year or so early). Markets are still going up and will likely continue for a few more weeks/months. Timing market turns can be a daunting task for anyone. Yes, I lost money on Lewitt’s trade recommendations but mostly on paper. As a lifetime member of Agora Financial I have access to a majority of their investment newsletters and so a considerable number of recommendations. The majority of them lose money (for the short term) but some make money depending on the latest mania such as the Crypto Alert, Gold Speculator, Penny Pot Profits and so on. There are a few that are slower and safer but very slow in making any substantial gains. I make more money trading options on my own based on the paid technical services I subscribe to (they do not offer investment advice, only market direction at any given point in time). I have posted numerous comments earlier about Zenith.

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Jenny
Irregular
Jenny
September 18, 2017 4:39 pm

Unfortunately, I didn’t check this out enough, and about 3 weeks ago bought in to the Zenith Trading Circle. It’s sold as non-refundable. Any chance that I can get my money back? Has anyone been successful?

rmiken49
Member
rmiken49
September 18, 2017 6:05 pm
Reply to  Jenny

Last year when I joined Zenith, subscribers were given 90 days to decide if they wanted to stay the one year or opt out. If this policy has changed, I would certainly call customer service and confirm there is a no refund policy. If you cannot get a refund at least make sure your are not on auto-renew after one year. I assume they continue to make recommendations on options (last year it was primarily put options). Not sure what Gilani offers currently.

I use StockCharts.com and MarketWateh.com to help track stock performance. I use yahoo finance to track portfolios (of my design) to track “paper” trades and any current active options in play. Yahoo, MarketWatch and StockCharts.com. I subscribe to ElliottWave International US Stocks and Metals Pro service ($249/month) to guide my decisions on option buying. They do not make specific recommendations but help to decide if one should be bearish or bullish within market variables. ELLIOTTWAVE.COM is offering a free week for their pro services from September 13-20. Should provide some idea of what they are about if you decide to do the free registration. (no obligation). I have been with ElliottWave International since 2009 and making my own trades for the most part with gains paying for my subscriptions. When I joined Zenith, I thought this would save time with specific recommendations and also felt the market would change from up to down fairly soon. I was wrong about the markets and joining Zenith. I also did not pay attention to the hints from ElliottWave that the markets weren’t through going up for some time. Since Michael Lewitt/Zenith was focused on put options, they were not profitable during that period. The companies recommended were truly poor performers but even bad companies go up or do not go down when the market is elevated.

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Richard N.
Member
Richard N.
September 24, 2017 11:47 am

I got snookered into ZTC as well…..I regret not reading this first. That “service” is awful..NO replies to my inquiries as promised, NO refund, NO trial period………AVOID THIS SCAM. If you did sing up with MMP, try switching to the Keith Fitzgerald option, Hi Velocity Profit…..as one member here recommended. MMP at least let me do that. I’ve only had it one day, but looking as past recs, it appears SOME MERIT here…………

Howard
Guest
Howard
September 26, 2017 5:45 pm

I’ve been using the Zenith Trading Circle service for 3 months and have done nothing but lose money. And this is while continuing to receive promotional emails from Money Map Press raving about the astounding returns being recorded. I’ve made (or attempted) every trade recommended. Often the option price has already run past the recommended price; so anyone front running the recommendations and selling into the created demand could make guaranteed money but certainly not me. Ironically the option price often falls back to the originally recommended price – and then simply continues to tank. I got an email today from Money Map Press in which Shaw claims 3,600% gains in the last 5 mos.; I can only speak for 3 mos.: what a crock.

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rmiken49
Member
rmiken49
September 27, 2017 12:17 pm
Reply to  Howard

If the options are long term options (LEAPS), you might recover some of your money. The markets are currently in a congested mode with another new high likely, correction down and then perhaps another new high. Not certain. During these times, It is difficult to make money with options unless you have enough market savvy when to take their recommendations or not. If you are not sure, just paper trade. I was in Zenith last year (Michael Lewitt). His recommendations were based on the markets correcting down (aligned with my perspective then) which didn’t happen at that time. I opted out after his trade recommendations were not profitable (had that option if within 90 days). I did make money on some of his trades but primarily with short term trades and at a different price. Noted in some of my earlier comments, I am a lifetime member of Agora Financial with about 13 newsletter subscriptions. and a small annual maintenance fee. Only about three of these have reasonably profitable portfolios regarding options. The others recommend stocks and have done reasonably well. However, I have never seen the high percentage profits as claimed in Money Map. I joined Agora (then Taipan) in 2007.

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pds2017
Member
pds2017
September 27, 2017 12:48 pm

I joined zenith 7 weeks ago, and I played my first 2 option plays end of last week. I have around 750.00 split between the two and am down 340.00 as I’m writing this. I am a beginner and I jumped the gun on both of these recommendations. Both are played out till oct 20 2017 , so I don’t know, it’s not looking good yet. The sad thing for me is I really like what Shah has to say about the markets and I trust what he says but this Zenith trading circle doesn’t look good at all! Thanks for all your alls comments. Dennis

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M. Britt
Guest
M. Britt
September 27, 2017 1:14 pm

Total Rip off – never came close to seeing the performance/returns they advertised in their “sales pitch”. Followed their recommendations and had all significant losses. Sent multiple emails questioning trades and never received one response – terrible customer service.

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rmiken49
Member
rmiken49
September 27, 2017 6:45 pm
Reply to  M. Britt

It seems that these subscription services are even riskier. Last year one could opt out of Zenith within a grace period (I did opt out) for a full refund. If this is not allowed, then do not subscribe. If any subscription service is as good as they quote, then subscribers should be able to opt out if not satisfied with the service. (These services seem to respond better to voice communications than email). May vary from one service to another. I have never made much money on recommendations from various subscription services during the past 10 years. I have used their recommendations to design my own trades and more successful. Still, one has to have an understanding of market trends to make any money. It would be simple matter to select a stock and track its performance over a period of time “design” a trade that would be equivalent to 3000% or more. Just a what if situation regarding numbers in the “sales pitch”. So, don’t know if the “sales pitch” numbers are real trades or virtual trades? Just can’t believe everything you read.

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M. Britt
Guest
M. Britt
October 4, 2017 10:51 am

Used this service for past 12 months. Worst investment advice I have ever participated in. Zero customer service unless you are trying to buy another of their scams. Sent multiple emails about current positions and NEVER received a response. 15+ positions and all were significant losses. They only talk about the FEW winners they have posted. AVOID.

seminole2
seminole2
October 5, 2017 3:33 pm

I made triple digit profits on some of Shah Gilani’s recommendations and lost big time on others. It is difficult to sift through what will be winners and what will be losers.
The bad
– You are not warned when to get out of a position
– There are as many losers as winners
– It is sometimes impossible to purchase at the price listed. I have attempted to purchase an option as soon as it is recommended and saw that it has not traded at that price in days

The good
– There have been some big winners
– When reviewing the portfolio he does not pull out the losers. Most use stop loses so if you look at their portfolios it is nothing but winners

The ads for 4-digit compounded gains is pure bull. If I had invested an equal amount in every recommendation (and every recommendation could actually be purchased), I would be up about 20 – 24% total. Definitely not the 44% per day advertised.

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paul farrow
paul farrow
October 9, 2017 11:49 am

I lost so much money with Michael Lewitt just over $8000. With the new guy losses were less and I did make some gains – but still overall I lost $1500 with him although he advertizes massive gains on his picks. They wanted me to resubscribe so I could lose even more money. Don’t go anywhere near it! You have been warned.

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