I would like to know if Simpler Options is a scam - Trading Reviews and Vendors | futures io social day trading
futures io futures trading


I would like to know if Simpler Options is a scam
Updated: Views / Replies:24,548 / 16
Created: by mlmills Attachments:0

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors Ė all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you donít need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 
Thread Tools Search this Thread
 

I would like to know if Simpler Options is a scam

  #11 (permalink)
Elite Member
Calgary, AB
 
Futures Experience: Intermediate
Platform: NT, IB, TOS, MC
Broker/Data: IB, Rithmic
Favorite Futures: CL, ES, GC, ZS, ZB
 
atata's Avatar
 
Posts: 116 since Mar 2010
Thanks: 90 given, 96 received

these are very generic statements...


wldman View Post
I guess that statement is anecdotal. John and Pete are Chicago floor guys that have an impeccable track record of success in the business. They have been through every major market and business shift of the last 30 years and have never been far from the top in terms of productivity or reputation. When it comes to options trading I'd trust them with my last dollar.

wldman, your comments are very generic... can you be more specific?! are they selling premium? do they have a system they trade? what can one learn from them especially if you already have all the basics and more...
ex what I mean: Tom S is very transparent regards to what he trades via "BOB the trader" while John Carter's simpler option site is not. Tom S is not a "day trader" however that does not mean he won't close a trade the same day.
Tom S would initiate futures trades to get engaged however he is primarily selling premium via naked options when an instrument is over extended either on the down side or upside but no specific RSI or candle stick signals etc...
Tom S believes /he has traded on the floor as well/ the only thing a trader can be sure of is vol after hitting extremes will return to means.
Please bare in mind Tom S's account is not a regular account size and also no one ever should try to follow anyone rather learn the best of it and apply on your own trading.

Thanks,

atata

Reply With Quote
The following 2 users say Thank You to atata for this post:
 
  #12 (permalink)
Elite Member
Chicago Illinois USA
 
Futures Experience: Advanced
Platform: Ninja Trader
Broker/Data: IB
Favorite Futures: duh hammer!
 
wldman's Avatar
 
Posts: 2,057 since Aug 2011
Thanks: 966 given, 2,597 received

I am afraid you ...

will have to take the initiative and do that work yourself. Mercury Trading was their DPM...one of the first and one of the best. Options Monster would be a place you could familiarize yourself with their content, their methods and their ideas about the market. Past that anyone interested in equity options should almost memorize "Option Volatility and Pricing", by Shelly Natenberg and "Options as a Strategic Investment" by Larry McMillan.

Reply With Quote
The following 3 users say Thank You to wldman for this post:
 
  #13 (permalink)
Elite Member
Richmond Virginia
 
Futures Experience: Intermediate
Platform: Ninja Trader
Favorite Futures: ES
 
Posts: 243 since Feb 2013
Thanks: 215 given, 106 received



mlmills View Post
Does anyone know anything about Simpler Options

I wouldn't say it's a scam but I will say the information is misleading.

I took the ultimate options course($497 + 500 for "live" mentoring). I wanted to only trade long options with the potential for decent gains(the course ad promotes this).

My experience so far has not been good. The indicator/setup that is mentioned in the course as being 75% accurate has me 0 for 6 so far(unless a miraculous turnaround happens).

My guess is that most of the money he makes comes from the courses/trading room. I've seen 1000+ in the room at one time(at $147/mo. thats nearly 2 mil/yr). Add in the courses and lesser subscriptions and its much more.

I wish I'd never wasted my money

Reply With Quote
The following 3 users say Thank You to RickW00716 for this post:
 
  #14 (permalink)
Elite Member
Warner Robins GA/USA
 
Futures Experience: Intermediate
Platform: ToS
Favorite Futures: SPX
 
Posts: 6 since Feb 2014
Thanks: 1 given, 1 received

Well, I have been a MUCH better trader since coming to Simpler Options. I have benefited from a few of his strategies, but I have benefited most from him changing my mentality towrds options. He has really shown me how to use my TOS platform better and really turned me into a premium seller more than a premium buyer. He has given me the "market maker" mindset and I appreciate his live examples of defending his trades. I am not sure that he has a "magic sauce" or anything but I have never seen anyone so well explain how to put options Greeks in your favor as hes has. I really benefit from the income videos proveided by Bruce. I am much more directionally agnostic now and have benefited from it. Of course the market has chopped around for 4 months but when/if it becomes directional I am ready for that. I really liked his Earnings trades video. Made back my costs in the first trade. Furthermore I can say that I have ~10 of his/Bruce's videos and I have made back the costs of these to me MANY TIMES OVER.

Reply With Quote
 
  #15 (permalink)
Elite Member
desert CA
 
Futures Experience: Intermediate
Platform: NT7, TOS
Broker/Data: AMP/wCQG, TDA
Favorite Futures: CL,YM
 
Posts: 2,027 since Jul 2011
Thanks: 2,211 given, 1,549 received

I had the same experience as RickW0076 on a trial of simpleroptions. just my opinion. I don't think there's
a real edge to the site's teachings. their newsletter or called trades don't have a good track record
when one tries to follow along (sim for me). Maybe Carter himself is a good trader, but what's shared
on the site seems too heavily marketed and affiliated. Ms. Carolyn Borodin (the fibqueen) takes
over the room for a few hours many days. And Carter himself was absent many weeks out of a month
, so mostly his handlers or an affiliate would run the room and site. one could learn the simple option
spreads from any number of books these days , or free at tastytrade.


I followed a link from an ad spam email to a video by Carter talking about HFT.

{Hi <>, John Carter here...
Thanks for signing up to watch my free video "HFT - Rise Of The Trading Machines"!
You already have access to the video, but here it is again, just in case:
}

High Frequency Trading - Video - Simpler Options Products
(this link is ok. just don't click on "register now" at the bottom).


Last edited by Cloudy; April 27th, 2014 at 12:06 AM.
Reply With Quote
The following 2 users say Thank You to Cloudy for this post:
 
  #16 (permalink)
Elite Member
SINGAPORE
 
Futures Experience: Intermediate
Platform: TS, TOS, MC
Broker/Data: TOS, IB, TS
Favorite Futures: Options, Stocks, ETFs
 
Posts: 28 since Jun 2012
Thanks: 13 given, 13 received

Hi,

I've read JC books (both editions) and although I'm not a subscriber of Simpler Options, I have been receiving its free webinars. One thing I notice about Simpler Options is that it will always come out with many 'interesting' ideas by asking people to sign up for a free live webinar. Then, it will ask you to sign up.

I've decided to sign up one in August (Layup Trading Strategies & Setups) which costs $297 to give it a test/try.
This is for a live Sat Webinar which does not include the 2 indicators which JC is trying to sell you.

Below are my personal comments for your reference.
For those who don't agree, it is fine. It is what I feel, and hope to write about it to share with fellow members in this forum for reference.

1. First, JC spent more than half the time talking about trading which has no value to me as I'm already a trader (this might be useful for beginners) instead of going straight to the strategy.

2. The strategy mentioned talked about using the 2 indicators (which needs to be purchased separately or come with it if you sign up $997 which include another 3 days of live trading together with him) to assist in making entry decision. Although I knew JC is a discretionary trader, I am disappointed that the strategy described is not very clear. I have clarified during the live webinar which received response on 1 issue. However, a follow up after the webinar via email (3 repeated emails sent) to ask for further clarification does not receive any response at all.

4. To me, this is completely not acceptable. The live webinar talks about the strategy which I found to have vague entry criteria. A discretionary trader will still have a well defined rule & this is obviously lacking.

5. If you sign up to receive free recorded webinar from Simpler Options, you will notice they will always come up with new ideas/trading strategies to entice people to sign up the paid webinar. After doing so to test it out, my final conclusion is that it is not worth paying for any webinar from Simpler Options. They might be doing well in their trading but I'm sure the incomes from these paid webinars are easy money for them.

I hope this helps. I have personally benefited with helps from other members of this forum & I hope to contribute back.

* Do note that it is still fine to sign up for JC/SO free webinar which I found JC analysis of the big picture (overall market) to be of value.

Cheers,
NLD

Reply With Quote
The following 2 users say Thank You to NLD1888 for this post:
 
  #17 (permalink)
Elite Member
Luxembourg, Luxembourg
 
Futures Experience: Advanced
Platform: TWS
Broker/Data: Interactive Brokers
Favorite Futures: Stocks
 
Posts: 491 since May 2012
Thanks: 1,641 given, 1,126 received

I realise this is an older thread and please note that I am not endorsing Simpler Options in any way. In fact, based on the amount of emails I still receive after attending one of the $297 webinars I am left wondering why he is marketing this so aggressively.

However, YouTube thought I might be interested in this video and I do think it is worth listening to the interview with John Carter - https://www.youtube.com/watch?v=cewuawJHvCU. I got quite a lot of value from this interview, and while it is not addressed directly, it does explain how he is able to to live with his very volatile equity curve.

Reply With Quote
The following 2 users say Thank You to grausch for this post:

Reply



futures io > > > I would like to know if Simpler Options is a scam

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

Adam Grimes: TBA

Elite only

NinjaTrader: TBA

Dec 7

Linda Bradford Raschke: TBA

Elite only

Ran Aroussi: TBA

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Is TrendMethods.com a Scam? flipper Trading Reviews and Vendors 2 October 7th, 2015 03:56 PM
Options Analysis Software for Options on Futures ChrisB Options on Futures 6 December 7th, 2012 05:47 AM
www.intellitraders.com review or scam? Big Mike Trading Reviews and Vendors 3 May 14th, 2012 11:31 AM
forexexclusiveclub.com: Inspirational results or scam? Jugador Trading Reviews and Vendors 6 March 11th, 2010 12:42 PM
Reminder: simpler is almost always better Big Mike Traders Hideout 7 September 9th, 2009 08:01 PM


All times are GMT -4. The time now is 07:14 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-11-22 in 0.13 seconds with 33 queries on phoenix via your IP 54.225.57.89