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Past Experience with Wendy Kirkland


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Past Experience with Wendy Kirkland

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  #1 (permalink)
jamusued
Diamonda Bar, CA/USA
 
 
Posts: 21 since Jan 2013
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Does anyone have past experience with Wendy Kirkland's advisory? If so, what are your results? The performance posted her website seem to be hypothetical. No idea if she actually took those trades. Any experience you can share is much appreciated.

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 BeachTrader 
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What is the website address?

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  #4 (permalink)
jamusued
Diamonda Bar, CA/USA
 
 
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Hi Beachtrader,

There are several websites. I have linked them below. Any insight is much appreciated.

P3System by Wendy Kirkland - Options Trading Newsletter and Advisory

Kirkland Weekly Wealth Advisory - Weekly Options Trading - Auto Trading System

T3 Option Trading by Wendy Kirkland - Weekly Options Trading - Auto Trading System

Trade the QQQs by Wendy Kirkland

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  #5 (permalink)
 Cloudy 
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The weeklywealthadvisory has a .pdf of trade results. It may look like single calls and puts on stocks.

https://weeklywealthadvisory.com/WeeklyWealthAdvisoryPerformance_500.pdf

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  #6 (permalink)
jamusued
Diamonda Bar, CA/USA
 
 
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The performance posted seems to be back tested results, not actual trades. Has any one used her service?

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  #7 (permalink)
jamusued
Diamonda Bar, CA/USA
 
 
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After further research, she seems to have high return and accuracy with the QQQ system.
https://tradetheqqqs.com/Kirkland-QQQ-Performance.pdf


I have contact the support at Trade the QQQs by Wendy Kirkland and got the following responses.


Quoting 
Dear Customer Service,

I reviewed the performance posted on the website and have some questions about Wendy's MERIT QQQ system. Are the posted trades actually live trades or were they back tested results? Real time trades

Does she teach the complete system rules? Yes, in the book and DVD

Lastly, are the trades verified? If so, how were they verified? They are executed by our trading team using Tradestation.

Thanks

Marvin



Here are the product details.

Wendy Kirkland's MERIT QQQ - 6 Month
https://www.tradewins.com/Images_Custom/PDF/QQQ.pdf

Does anyone have this course where I can buy it used? If not, is anyone interested in a group buy where we can have the senior or active members on this site set it up? Thanks guys.

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  #8 (permalink)
 Chrismind 
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Quoting 
And we were just getting warmed up...
Rolling another 20% into the next trade--which produces 196%, would now have given you $25,556
and had your overall account up to $57,932...
Do that again on the April 25th trade of 50% (handing you back $17,379)... and again on the April
26th trade of 113% ($27,146)–and before you know it …
You Generated $78,126 in 30 Days
All From Your Small $600 Initial Investment!

Wow. I'm signing up.

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  #9 (permalink)
 maxreturn 
Grand Rapids, Michigan, United States
 
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jamusued View Post
After further research, she seems to have high return and accuracy with the QQQ system.
https://tradetheqqqs.com/Kirkland-QQQ-Performance.pdf


I have contact the support at Trade the QQQs by Wendy Kirkland and got the following responses.





Here are the product details.

Wendy Kirkland's MERIT QQQ - 6 Month
https://www.tradewins.com/Images_Custom/PDF/QQQ.pdf

Does anyone have this course where I can buy it used? If not, is anyone interested in a group buy where we can have the senior or active members on this site set it up? Thanks guys.

I might be interested in the "group" idea.

Best Regards
Chuck

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  #10 (permalink)
 mgtrader 
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Check out some of the comments regarding Wendy Kirkland's services on the following link:

Wall Street, Mean Street and Me: Options Animal (Wall Street)

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  #11 (permalink)
 Chrismind 
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Are people taking her seriously? WTF? Here is another reason to keep on walking.


Quoting 
. There’s nothing to learn: Just follow the plain-English trading signals 5 to 10 times a
month.

Are you kidding? Nothing to learn? And to make matters worse, it seems that she's marketing strictly to older retirees. I don't care what the system is. If you tell people you can turn "$600 into 78K in 60 days", say things like "no need to learn anything", and market mostly to elderly folks, then you are not doing ANY one any favors except for yourself. This type of marketing is what gives trading vendors a bad name. She should seriously feel ashamed of herself.

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 Cloudy 
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mgtrader View Post
Check out some of the comments regarding Wendy Kirkland's services on the following link:

Wall Street, Mean Street and Me: Options Animal (Wall Street)

Thanks, a link to some particular ones that stood out:

Wall Street, Mean Street and Me: Options Animal (Wall Street)

Folks, there's the free "Liz and Jenny" show, and all the archived shows are free with free registration.
https://www.tastytrade.com/tt/shows/LJ

Yes, they don't teach enough how to gauge a stock or market directionally or when it consolidates enough for a delta-neutral spread to work out, but there are several modes of thought one can pick up elsewhere on that. What they go over is very effective spreads and single short puts and especially how to gauge the option chain spreads to find a "good deal" on a spread itself and they also watch volatility and have ideas for earnings plays. And they talk a lot about the risk in a position and why a naked call isn't usually a great idea etc. so at least they have an overall plan as they discuss each trade.

Long naked calls can work if you are a magically prescient swing trader i.e. always know where and when. Some also like to use long naked calls/puts for daytrading with leverage as an alternative to buying stock or futures contracts.

Just recommending while we hear the same old expensive newsletter deal which fall apart when the market goes out of whack!

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  #13 (permalink)
 Cloudy 
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Chrismind View Post
Are people taking her seriously? WTF? Here is another reason to keep on walking.

Are you kidding? Nothing to learn? And to make matters worse, it seems that she's marketing strictly to older retirees. I don't care what the system is. If you tell people you can turn "$600 into 78K in 60 days", say things like "no need to learn anything", and market mostly to elderly folks, then you are not doing ANY one any favors except for yourself. This type of marketing is what gives trading vendors a bad name. She should seriously feel ashamed of herself.


Good point, another common vein about typical options newsletters and their marketing is they never say one can lose a LOT. With a single call or put maybe one could make $2k , but most likely it could also lose $5k (like > -150%) or more on a gap south and you find out when you wake up, or after coming back home during a weekday! And they usually say little or nothing about trade management like stop losses, or stop loss points.

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 BeachTrader 
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Thanks mgtrader and Cloudy for the link to Wall Street, Mean Street and Me: Options Animal (Wall Street). Bev (who writes that blog) is really high on TastyTrade now and I have seen Cloudy mention them more than once. Great site! I learned options a long time ago from Optionetics and paid a lot of money to them. TastyTrade is free and has a ton of great education about options. Can't beat that.

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  #15 (permalink)
jamusued
Diamonda Bar, CA/USA
 
 
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Chrismind View Post
Are people taking her seriously? WTF? Here is another reason to keep on walking.



Are you kidding? Nothing to learn? And to make matters worse, it seems that she's marketing strictly to older retirees. I don't care what the system is. If you tell people you can turn "$600 into 78K in 60 days", say things like "no need to learn anything", and market mostly to elderly folks, then you are not doing ANY one any favors except for yourself. This type of marketing is what gives trading vendors a bad name. She should seriously feel ashamed of herself.

Hi Chrismind,

The phrase "nothing to learn" is referring to Wendy's advisory service where she emails her trade alerts. If traders are not interested in learning her system, they can use the alerts for entry and exit. I am interested in learning her strategy and was told by the support that the complete strategy manual is included. I was also told that the manual will provide the complete system rules.

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  #16 (permalink)
jamusued
Diamonda Bar, CA/USA
 
 
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Cloudy View Post
Good point, another common vein about typical options newsletters and their marketing is they never say one can lose a LOT. With a single call or put maybe one could make $2k , but most likely it could also lose $5k (like > -150%) or more on a gap south and you find out when you wake up, or after coming back home during a weekday! And they usually say little or nothing about trade management like stop losses, or stop loss points.

Hi Cloudy,

Thanks for sharing the tastytrade link. It offers great educational videos on complex option set-ups. The return and risk on these set-ups are usually much smaller compared to buying a call or put option. I am looking for a system that can accurately identify a stock’s direction within a short time period. The trading performance from the QQQ system shows a 90% accuracy with an average holding period of 3 days. It also has an average reward to risk ratio of 4 to 1. In addition, the risk of purchasing a call or put option is limited to the premium that’s being paid. The max I can lose is 100% of the premium plus any commission. I can manage my risk (maximum potential loss) by adjusting the number of contracts and/or the strike price. In the example you gave, are you referring to naked calls and puts?

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  #17 (permalink)
jamusued
Diamonda Bar, CA/USA
 
 
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BeachTrader View Post
Thanks mgtrader and Cloudy for the link to Wall Street, Mean Street and Me: Options Animal (Wall Street). Bev (who writes that blog) is really high on TastyTrade now and I have seen Cloudy mention them more than once. Great site! I learned options a long time ago from Optionetics and paid a lot of money to them. TastyTrade is free and has a ton of great education about options. Can't beat that.

Hi Beach Trader,

How was your experience with Optionetics? Does it teach any specific strategy that has similar performance to the QQQ system?

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  #18 (permalink)
jamusued
Diamonda Bar, CA/USA
 
 
Posts: 21 since Jan 2013
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As of right now, we have 7 people interested in the group buy which comes out to $142 per person. I will let everyone know within the skype group the final cost by this Friday. A new email and password will be created and send to everyone who made the purchase to receive alerts. If the strategy guide is in PDF I can easily email it to everyone, else I'll have to scan it then upload it. A skype group will make it easier for everyone to talk to each other and arrange future group buys. This will also enable people to trade or share materials they already have. On top of that, everyone can inform the group new materials they are interested in and have the group review them.

If interested, PM me for my skype username.

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 vegasfoster 
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jamusued View Post
Hi Cloudy,

Thanks for sharing the tastytrade link. It offers great educational videos on complex option set-ups. The return and risk on these set-ups are usually much smaller compared to buying a call or put option. I am looking for a system that can accurately identify a stock’s direction within a short time period. The trading performance from the QQQ system shows a 90% accuracy with an average holding period of 3 days. It also has an average reward to risk ratio of 4 to 1. In addition, the risk of purchasing a call or put option is limited to the premium that’s being paid. The max I can lose is 100% of the premium plus any commission. I can manage my risk (maximum potential loss) by adjusting the number of contracts and/or the strike price. In the example you gave, are you referring to naked calls and puts?

I've never traded options, but in any other type of trading a system with a long-term 90% win percentage and 4:1 ratio is pretty much impossible. Sounds a little hinky to me.

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  #20 (permalink)
 kevinkdog   is a Vendor
 
 
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I wish the group that buys the product all the best, but I personally think you are going about it the wrong way (assuming a "group buy" approach doesn't violate Wendy's Terms of Service, which I am guessing it does - 7 people are benefiting from 1 subscription, which doesn't seem right )...

The alternative approach I'd recommend:

1. Learn all you can about options, through books (free from your library), the Internet (most basic info is free) and this website.

2. Decide on an approach (buying options, selling options, etc.). Research your desired approach. (here's a great thread on one approach to selling options: )


3. Once you have an approach that you think will work, paper trade it or (ideally) trade it with small size. You can backtest it too, but options strategies are tricky to backtest, due to lack of data, liquidity issues, etc.

4. Slowly build up size, and maybe add complementary approaches, as you gain confidence.


I followed this exact process at start of 2013, and am now trading options as detailed in the aforementioned thread. I am aiming for 40% annual return, and I feel this is well within my grasp.



Good Luck!

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 BeachTrader 
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jamusued View Post
Hi Beach Trader,

How was your experience with Optionetics? Does it teach any specific strategy that has similar performance to the QQQ system?


I took Optionetics a long time ago - probably 2001. Back then there were live classes. I am not sure how they do it now. I enjoyed the classes and don't regret signing up for it. However, I did not utilize it much as I got interested in day trading soon after that and my focus on options was taken away. Now I may go the opposite way. The classes I attended with Optionetics were mainly on verticles and calendars with some diagonals thrown in. There wasn't anything on trade adjustments which is what I am most interested in. That is what got me looking at OptionsAnimal (I am attending a presentation tonight), but I am still exploring Tasty Trade.

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 kevinkdog   is a Vendor
 
 
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Cloudy View Post
yes, agreed it's a great thread on selling options. ron99 has been very generous, sharing, and helpful detailing how he likes to trade far out options on commodity futures and I believe his success. It requires a lot of premium and a decently big account to place the trades, then endurance of the nail-biting profit level dips of the position while waiting months.

I started options selling in Feb 2013 by just "dipping my toe in," with a $5,000 account, selling only 1-3 contracts per position. I did this, instead of my rigorous backtest process, because
1) it is hard to backtest options strategies,
2) in talking to @ron99, I knew he was the real deal (and that his method properly applied would work) and
3) fills are sometimes hard to come by with deep out of money options, meaning trading with real money is the only true way to see if the method is feasible.

After about 5 months, I went from sticking my toe in to sticking my whole leg in.

It can be scary, selling premium, especially if you are overleveraged. I follow the rules in the thread pretty closely, and I can sleep well at night...

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 kronie 
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Chrismind View Post
Wow. I'm signing up.

results like those used to be regular news for options and index options traders,


UNITL,

more derivatives were released and adopted by the common marketplace, which drained away participation by thousands of market participants. Every wonder why so many option (equity/stock, index, and futures options) advertisements have been all the rage for the last 8 months?

there is a firm in Las Vegas, that has a number of partner traders, founded by their head trader, who got one of his starts in the S&P pits, back when it was called a full sized contract, and was new to the industry.

there was a firm called First Options of Chicago that peppered NY's Wall Street, beckoning thousands of the back office and front office workers to come taste the rich life of the options traders on the CBOE. this was shortly after the CBOE became an exchange. previous to that, your broker would have to rolodex call the other firms who made markets in options, hence the term OTC options.

there was an interesting Oliver Stone 1987 movie that barely touched upon the burgeoning options's lifestyle and trading. in fact they even gave out the strategy of how the "Arbs"would corner a stock through options... we now call them hedge(s) and hft's.

back then, you could regularly take a $500 stake and end up with serious 5 figure balances in a short time, just like that advertisement...

the expression: "the internet changes everything" surely applies to the ECN's that have destroyed the purpose and need for pit trading anything. well, it also destroyed those massive profits from options trading.

there might still be some cases of large outsized gains, but not the norm....

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 kevinkdog   is a Vendor
 
 
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Cloudy View Post
For newcomers, it's good to be aware that this type of trading is far riskier than traditional types and a lot of room in the account should be allocated for drawdown dips.

AGREED!

If done incorrectly, selling options will ruin you.

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 kronie 
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kevinkdog View Post
AGREED!

If done incorrectly, selling options will ruin you.

wow, selling options....you're kidding

in the US, since so many foreigners or international members read / participate on these threads, the changes in US margins on non-futures options trading were raised through the roof a few years ago, having a $50,000 account just to be allowed to consider doing straddles and such writing of options means you're wasting your precious capital...

one might want to consider some other form of trading than writing options,
perhaps that's why so many thousands have left those investments in favor of emini trading

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jamusued
Diamonda Bar, CA/USA
 
 
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BeachTrader View Post
I took Optionetics a long time ago - probably 2001. Back then there were live classes. I am not sure how they do it now. I enjoyed the classes and don't regret signing up for it. However, I did not utilize it much as I got interested in day trading soon after that and my focus on options was taken away. Now I may go the opposite way. The classes I attended with Optionetics were mainly on verticles and calendars with some diagonals thrown in. There wasn't anything on trade adjustments which is what I am most interested in. That is what got me looking at OptionsAnimal (I am attending a presentation tonight), but I am still exploring Tasty Trade.

Hi Beachtrader,

Please keep us updated on your experience with OptionsAnimal. The reviews from Bev Jackson were positive.

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 BeachTrader 
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jamusued View Post
Hi Beachtrader,

Please keep us updated on your experience with OptionsAnimal. The reviews from Bev Jackson were positive.

I attended their webinar but did not sign up. They didn't say what their price was, you have to call them. But I assume it's expensive.

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jamusued
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kevinkdog View Post
I wish the group that buys the product all the best, but I personally think you are going about it the wrong way (assuming a "group buy" approach doesn't violate Wendy's Terms of Service, which I am guessing it does - 7 people are benefiting from 1 subscription, which doesn't seem right )...

The alternative approach I'd recommend:

1. Learn all you can about options, through books (free from your library), the Internet (most basic info is free) and this website.

2. Decide on an approach (buying options, selling options, etc.). Research your desired approach. (here's a great thread on one approach to selling options: )


3. Once you have an approach that you think will work, paper trade it or (ideally) trade it with small size. You can backtest it too, but options strategies are tricky to backtest, due to lack of data, liquidity issues, etc.

4. Slowly build up size, and maybe add complementary approaches, as you gain confidence.


I followed this exact process at start of 2013, and am now trading options as detailed in the aforementioned thread. I am aiming for 40% annual return, and I feel this is well within my grasp.



Good Luck!

Hi Kevinkdog,

It is important to learn the fundamentals. However, you still need a strategy to put that knowledge to work and give you the edge in the market. It is much easier to learn from traders who have good proven past performance. I prefer to learn from others' mistakes as much as possible instead of making the same costly mistakes myself.

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  #29 (permalink)
 kevinkdog   is a Vendor
 
 
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jamusued View Post
Hi Kevinkdog,

It is important to learn the fundamentals. However, you still need a strategy to put that knowledge to work and give you the edge in the market. It is much easier to learn from traders who have good proven past performance. I prefer to learn from others' mistakes as much as possible instead of making the same costly mistakes myself.

I guess I did not do a good enough job explaining things in my response to you.

Good luck in any event.

Kevin

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  #30 (permalink)
 dynoweb 
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I wanted to check to see if the experiment to try Wendy's system panned out for you guys.

I'm an experienced options trader and have been doing it successfully for more than 10 years now. I did go back and look at the QQQ option trades on that PDF file and it was hard to really identify the actual trades since the option contract information isn't provided correctly. I did look for what option contract she could have been actually referring to and the closest match never traded for the price shown or it was a very lucky trade. I believe these trades are fabricated and most likely created after the fact. After all having 20/20 hindsight on the market moves makes everyone a very profitable trader.

Please use caution on almost every marketing program out there. I've tried many through the years and when the curtain is pulled back, there are very few that do as well as they lead you to believe.

For those that are interested, here are my two favorites

https://www.tastytrade.com/
ETF Credit Spread | Option Spreads | Iron Condor Strategy | Monthly cash thru options

Tastytrade is a good place to learn how to trade options and to learn option trading strategies. Listen especially to the market measure daily show. There are no cost associated with this site.

Monthly Cash Thru Options - is a paid for service. They provide two types of service, a news letter with trades or an auto trading service. I've personally used their service for more than 2 years. The return numbers reflected on their site are actual and matched the performance of the trades that I was making. The autotrading server really works out nice and is easy to do at many supported brokers.

I have a long list of sites and services to avoid and I'm not sure if I can post those here. PM me if you want to learn about a particular service.

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siuu
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When you look for reviews of a product on the internet, you usually encounter articles that involve speculation, hype or promotion. This review you are about to read here is not speculation. It's a review by someone who actually signed up to Kirkland's F3 Family Financial Freedom product, and had to learn the hard way. You'll see all trade results for yourself, and how dangerously close I came to not receiving my money back when requesting a refund. I am only posting the truth.


I purchased Wendy Kirkland's F3 Family Financial Freedom trading system for $5,497 dollars on December 12th and 13th of 2016. I signed up for a 12 month subscription, due to expire on 12/13th December 2017. The money back guarantee stated that if a profit wasn't made at the end of the 12 month period, then I would be reimbursed the full amount of the purchase price ($5,497). I promptly applied for a Money block account as soon as my payment of $5,497 dollars went through. Due to the Christmas/New Year period and a delay caused by Money Block needing confirmation for a minor detail on my application form (which caused me to miss Kirkland's first two trades), it wasn't until January 11th, 2017 that my account was finally open, approved and ready to trade. All Trades were autotraded and the reason I applied for a Money Block account was because of Kirkland's salesman recommending this on the phone when I first purchased the product.


Ultimately, however, a profit was not made in my account.



A total of 19 trades were atuotraded in my account:



10 losses


9 wins




Overall result at the end of the 12 month subscription:



$66 dollar loss







Full results of the 19 trades executed for me in my Money Block account:














The last trade, the AMGN, January 19, 2018, 180 call, was manually closed by me on December 14th, 2017, due to being past the 12 month enrollment period, (which expired on December 12/13th, 2017.) It incurred a loss of $155 dollars, and I certainly was not going to risk losing more money when the subscription was already over.






Money Block Starting balance at beginning of subscription: $7,942.

Ending balance, after 19 trades during Kirkland's enrollment: $7,884.



Account starting balance snapshot/photo (click to see)


Past Experience with Wendy Kirkland-balance_history_2017january.pdf








Account ending balance snapshot photo (click to see)

Past Experience with Wendy Kirkland-balance_history_2017december.pdf


Entire trade history during Kirkland 1 year enrollment (click to see)
All trades were autotraded


Past Experience with Wendy Kirkland-entire-money-block-trade-history-during-kirkland-1-year-enrollment_-1-.pdf

















Overall, this was not an investment I would like to remember, but it is my personal trading story, and perhaps someone here may find some value in this review. I've learned an important lesson: purchase products that only guarantee refunds if a 100% return of the INVESTMENT fee isn't made (which was $5,497 in my case). I was persuaded by a guarantee that promises a refund if only a profit isn't made, which refers to a profit for the account balance. I should have chosen a product where the seller has to make back $5,497 dollars. All in all, a system that failed to produce a single penny of profit for me over 19 trades is not something I would consider worth buying ever again or recommend to other traders.




Last words




Even more worryingly, when I requested the company send me a performance sheet during the time I asked for a refund, their result for the DIS SEP 15, 2017, 110 CALL trade claimed I won $393 dollars, which was completely false. My account shows I only won $68 dollars for the DIS SEP 15, 2017, 110 CALL. An invented, wildly inaccurate $325 dollars extra profit had been written in their sheet to portray a result in my account which never existed. Had I not noticed this mistake, my final result would have stood at a profit of $259 dollars instead of a loss of $66 dollars. I was fortunate to get my money back.

My advice for any future customer is this: when you request a refund, demand to see the company's performance sheet and show exactly how they calculated the figure for every single one of your trades. Then compare their results to yours. Only your results matter and your bank statements are critical evidence. You must be meticulous and study all figures. You might spot a mistake like I did. Do not ever count on the company to notice or reveal a mistake if one exists. The representative I dealt with when requesting a refund certainly never did (and I had sent her my own trade results for her to see). The "realized gains" report I sent to the representative had clearly shown my true profit of $68 dollars for the DIS SEP 15, 2017 Call trade, but she still sent her own version back with a false figure of $393 dollars profit written next to the DIS, SEP 15, 2017, CALL trade. Actions like this remind me to never trust anyone ever again.





P.S. (To see for yourself the inaccurate profit of $393 dollars for the DIS Sep 15,2017 110 Call trade that was invented by Kirklands company, I have attached a link below. When I requested a refund, I was told by Kirkland's assistant that I had made $844 dollars, and wasn't eligible for a refund. I requested to see how their figures were calculated and this performance sheet was sent to me. All my trades were highlighted in yellow for me, including the two I missed at the beginning of the enrollment. They wrote my results in red and black.


There were two losses not yet included in the performance sheet because it hadn't been updated, which wasn't anyone's fault. These two losses were the PG The AMGN JAN 19, 2018, 180 CALL, which resulted in a loss of $155, and the PG DEC 15, 95 CALL, which resulted in a $430 loss. These two results brought the claimed profit down from $844 to $259. $844- $155 (AMGN loss) = $689 profit. $689 -$430 (PG loss) = $259 profit. But a $259 profit still didn't make me eligible for a refund of the $5,497 dollars I paid. I was going to get my $5,497 dollars until I could prove Money Block and myself weren't lying.


It wasn't until I once again looked at the DIS SEP 15, 110 call trade that I noticed a horrific error. Scroll down to the DIS SEP 15, 2017, 110 call trade and you will see their incorrect figure of $393 dollars for yourself. This was intended to portray my result, even though my account clearly shows I only made $68 dollars for that DIS SEP 15, 110 call trade. I notified the assistant about this frightening mistake and my refund was processed. These are the kind of mistakes that destroy my faith in purchasing anything from that company again.



The Company's Performance Sheet showing my supposed, yet false, $393 dollar profit for
the DIS SEP 15, 2017 CALL 110 CALL trade.
Scroll down to the bottom


Past Experience with Wendy Kirkland-f3-performance-sheet-kirkland-assistant.pdf

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  #33 (permalink)
 cory 
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Quoting 
Overall result at the end of the 12 month subscription:
...
$66 dollar loss

that is pretty good result as far as let somebody else manage your money, it could be much much worse.

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 SMCJB 
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cory View Post
that is pretty good result as far as let somebody else manage your money, it could be much much worse.

Agree. i was expecting to read a much worse scenario.

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 wldman 
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Seems strange to me.

Why in the world go through that much time (unsolicited) to outline an annual loss of $66?

How we deal with and learn from our losses really defines us as traders and as business people.

I have long forgotten any specific one, two, three or four digit losing trade or losing day. I do remember my first five, six and seven digit losing days. What I am certain of is that I will never have another losing trade and probably never a losing day even close to 5 digits.

I learned from the pain of loss and the pain of humiliation that I like making money BUT I can't stand opportunity stealing losers. I love little losers and I have WAY more of those than I like...because I kill losers little, before they become monsters. I drag puts like the ghost of Christmas Past rattles the chains of torment with every step. I get wrong quick. I have not added to a loser in 12 years to...include to carrying a mark unless there was a new reason to trade.

EVERY DAY I review the bottom 20% of trades and journal the details. The goal: don't repeat low probability outcomes. Many days the bottom 20% includes winning trades. When bad trades are on method, supported by sound logic....meaning there was no observable tell as to what I did wrong...I chalk that up to randomness in a dynamic market.

Those "losers", on ES are usually six or eight ticks, and way bigger than $66.

I'm suspect of why $66 makes anyone want to make a detailed post. Is the "mistake" trusting Wendy Kirkland, who ever that is? Is the point Wendy did not deliver or intentionally mislead? Big deal.

Sorry if I am missing it, but this seems strange.

Dan

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 jackbravo 
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Thanks for posting the review. I'm sure it will help many.

"It does not matter how slowly you go, as long as you do not stop." Confucius
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 wldman 
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jackbravo View Post
Thanks for posting the review. I'm sure it will help many.

I can relate to a review of a product. It does seem like the company provided a refund in the end. Is there a thread for product reviews?

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siuu
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wldman View Post
Seems strange to me.

Why in the world go through that much time (unsolicited) to outline an annual loss of $66?


Sorry if I am missing it, but this seems strange.

Dan

Seems strange to me that you made no mention of the company's fabrication I exposed. Why in the world write an entire post talking about "stealing losers", "little losers".. "because I kill losers little".... and yet completely ignore a critically important falsified profit figure which could potentially warn future customers??

Sorry if you're still not able to understand, even with all the attached evidence I posted. I can see it flew over your head.

Still, at least other people will probably get it.

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siuu
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jackbravo View Post
Thanks for posting the review. I'm sure it will help many.

No problem.

I just post online reviews and results of trading products I purchased, whether they turn out to be good, bad, or ordinary.

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 wldman 
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siuu View Post
Seems strange to me that you made no mention of the company's fabrication I exposed. Why in the world write an entire post talking about "stealing losers", "little losers".. "because I kill losers little".... and yet completely ignore a critically important falsified profit figure which could potentially warn future customers??

Sorry if you're still not able to understand, even with all the attached evidence I posted. I can see it flew over your head.

Still, at least other people will probably get it.

In the post above, I said I get it. It was losers stealing opportunity.

Don't bark up the wrong tree man. Because you say someone defrauded you does not mean it is true. People that purchase products, myself included, are often dissatisfied. It is noble to warn others that might purchase a trading program. I am happy that you got your money back.

Sometimes there is subtlety in life that gets ignored at detriment...like if someone read your review and ran out to buy that program. I was trying to encourage you to move your focus from product to productivity without coming across like a jack-ass. Sometimes we don't know what we don't know.

Don't let my quandary sidetrack you. Charge ahead, full speed.

Everyone be warned that Wendy Kirkland can't trade and can be persuaded with skill to return your purchase price.

Be well and trade well.
Dan

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 phantomtrader 
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siuu View Post
Seems strange to me that you made no mention of the company's fabrication I exposed. Why in the world write an entire post talking about "stealing losers", "little losers".. "because I kill losers little".... and yet completely ignore a critically important falsified profit figure which could potentially warn future customers??

Sorry if you're still not able to understand, even with all the attached evidence I posted. I can see it flew over your head.

Still, at least other people will probably get it.

How did the company respond when you pointed out the error in their report? Did you give them a copy of your brokerage report showing the real result? It could have been an error in their accounting and not intentional. Hard to tell from your post.

A $66 loss on that size account isn't a big deal. It's essentially break even. That said, it's the client who has to make that evaluation.

In any case, would like to know how the company responded as it seems you made your decision based on the error. Thanks.

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 ss108 
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kevinkdog View Post
I guess I did not do a good enough job explaining things in my response to you.

Good luck in any event.

Kevin

LOL, great response.Some people only learn the hard way.

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 ARoses 
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SEC findings, inter alia:

False and Misleading Representations Regarding Trade Signal Services
Kirkland stopped trading in options-trading in or around 2012, and never made millions through options-trading.

"Kirkland be, and hereby is:
barred from association with any broker, dealer, investment adviser,
municipal securities dealer, municipal advisor, transfer agent, or nationally
recognized statistical rating organization; and
prohibited from serving or acting as an employee, officer, director, member
of an advisory board, investment adviser or depositor of, or principal
underwriter for, a registered investment company or affiliated person of such
investment adviser, depositor, or principal underwriter."

https://www.sec.gov/litigation/admin/2020/34-88797.pdf

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 matthew28 
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ARoses View Post
"C. Kirkland be, and hereby is:

Well spotted. But just to mention that you have included the "C" from point C in the list making your quote sound like it refers to a C. Kirkland instead of the SEC findings against W. Kirkland (Wendy Kirkland).

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
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 ARoses 
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Thanks, have corrected that.

The SEC decision is worth reading. Apart from being damning on that particular individual, it highlights how a whole ecosystem of trading “educators”, publishing companies and brokers prey on retail investors.

They, too, are trading - the emotions of their victims.

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 matthew28 
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ARoses View Post
The SEC decision is worth reading. Apart from being damning on that particular individual, it highlights how a whole ecosystem of trading “educators”, publishing companies and brokers prey on retail investors.

Yes I agree, and I found it interesting to see how much work clearly goes in to a SEC investigation.

Trading, ideally structured, is a vehicle for expanding consciousness, not damaging it. - Brett Steenbarger
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 owenbscott 
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Thank goodness for futures.io! I just received a brochure from Wendy the "Smoky Mountain Grandma" two days ago, some six months after the SEC action. This is not to say that they are violating the order, because you should see the disclaimers - there are entire pages of disclaimer and many of the pages of the brochure contain large capitalized paragraphs taking up the lower fifth of the page - and if you read these disclaimers they very carefully address each of the claims brought by the SEC.

So apparently the disclaimers are there to theoretically protect them from further action (like more $40,000 fines, maybe ..) , and the entire operation has been changed - now it's just a modest $97/quarter for a newsletter - but the spirit is still there.

The front cover is hilarious in itself - the name of this new product is "ITM" and the subtitle is "Forever in the Money", followed by chart with "$14,453 Every Month". Sheesh. Same tactics, just scrubbed a bit.

Well, I guess everyone has to make a living, right? Still, I'm not a fan of that method. Especially in these times, people are particularly vulnerable to false hope.

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 dynoweb 
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That SEC report is really all you need to read to make a decision about Wendy's programs. I'm surprised that the SEC is letting her continue marketing, selling and making false claims to unsuspecting people. She's an embarrassment to all legitimate investors.

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