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Spy Money LLC


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Spy Money LLC

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  #1 (permalink)
 phantomtrader 
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Spy Money LLC.

https://www.spymoneyllc.com/theninjasuite/

YouTubes reporting $49,000 days - no losing trades, of course. Today, another $30,000 day.




The owner has a chandelier cleaning business in Florida: https://opencorporates.com/companies/us_fl/P20000013850

From the website under Terms and Conditions:

Agreement between User and https://www.spymoneyllc.com/
Welcome to https://www.spymoneyllc.com/. The https://www.spymoneyllc.com/ website (the “Site”) is comprised of various web pages operated by Sunshine 618, Inc. (“Spy Money, LLC”). https://www.spymoneyllc.com/ is offered to you conditioned on your acceptance without modification of the terms, conditions, and notices contained herein (the “Terms”). Your use of https://www.spymoneyllc.com/ constitutes your agreement to all such Terms. Please read these terms carefully, and keep a copy of them for your reference.


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 bobwest 
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phantomtrader View Post
Spy Money LLC.

Hi @phantomtrader,

I have changed the title of this thread to "Spy Money LLC" from the original "Another Scammer," simply because the original title doesn't tell anyone what the company is that is being reviewed, and so it would not help someone who was looking for a review of the company to find it.

Vendor reviews do need to have the name of the vendor in the title so people will know who is being reviewed.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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 phantomtrader 
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bobwest View Post
Hi @phantomtrader,

I have changed the title of this thread to "Spy Money" from the original "Another Scammer," simply because the original title doesn't tell anyone what the company is that is being reviewed, and so it would not help someone who was looking for a review of the company to find it.

Vendor reviews do need to have the name of the vendor in the title so people will know who is being reviewed.

Bob.

Thanks, Bob.

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 AllSeeker 
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Wow, USD 40k a day? I would be richest man in my country in a very short time.


I don't remember where I read this or heard this, but I guess when we are desperate for something there are always people looking to take advantage of us.


I hope people use common sense and thank you for sharing this here, so someone can at least google and see possible red single.

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 Tymbeline 
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phantomtrader View Post
The owner has a chandelier cleaning business in Florida

Let's hope he can clean actual chandaliers, rather than just "chandalier stop-losses/exits" from trades.

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 bobwest 
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So what to buy instead, if not this one?

I got a DM from a member who basically asked me what systems I would recommend. I won't reveal the name of the person who asked, since they meant the message to be a private one. But here is my reply, which I really hope others will be able to benefit from:

It is not unusual for vendors of systems to be offering systems that are all just pretty colors that don't add anything.

As to what I would recommend, I do not think anyone should put any money into any vendor's "system" or product. You have to ask yourself, "Why is this guy willing to share his highly profitable system with me for a relatively small amount of money, instead of just trading it himself and quickly becoming rich without selling anything?"

If you look at the vendors that have reviews in the review section here, you will find that very few have many satisfied customers. I think the reason is that what they are selling is often not all that good, and some is just worthless.

I think a trader needs to understand the markets himself, trying different ideas and learning from it -- generally, that means making mistakes and having losses, and learning from them. I do not think you can buy a worthwhile trading method and just make use of it. Even if the system you bought was a good one, you would still have to make it your own by applying it on your own.

So I actually recommend against buying bots, strategies, indicators, systems and what-have-you. It just never works out well.

You can take the general ideas that everyone has, the basics of price movements, and then apply them for yourself, and learn what works for you. (Which probably will involve taking some hard knocks too.) But you simply can't buy your way to being able to trade profitably.

Are there any good ones at all? Very few, and none that can just be plugged in and they will work. Other people's experience here is generally that it takes time and effort, and most of what makes something work comes from the trader, not the system. But as for me, no, I haven't found any that worked out. I stopped paying money for other people's work a long time ago, and I have never regretted it.

Sorry, but that's the simple truth of it.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #7 (permalink)
 jstarz 
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Lots of red flags when you watch the Spy Money Video's

1) He never shows you his brokerage statement that could backup his winning trades.
2) When you look at his YouTube videos you'll see that every couple of weeks he introduces a new bot or indicator. This is a huge red flag.
3) He rarely trades live, he always shows you the possible trades in hind sight, if he can't show you right edge trades in Realtime another huge red flag.
4) He does not offer a money back guarantee if you find out the system doesn't work for you. At $1K per month there should be at least a 30 day trial. No lose situation for him, because he will always get paid from people wanting to try out his system.
5) anyone that can make 50k/day or week doesn't need to be selling a system to the public.
6) if you ask a question on his YouTube Videos that he doesn't like, he will delete it.
7) He hooks people into his program by always stating how much money they could be making if they traded with his bots. This is a typical marketing ploy to convince people that they to will be making that kind of money.

I generally find his videos entertaining, but would never spend $1k/ month for a bot that I can't test for a few weeks prior to committing to leasing it. If the bot performance is as good as he states, it would sell it self.

there are far better options for a lot less out there. I have no affiliation with Apex Trader Funding, but their Sniper Trading BootCamp and education are top notch. The funny thing is you'll find Spy Money as an affiliate link on their site.

The bottom line is, why spend money on a bot when you can spend that money learning how to trade correctly, then when you have a system that's working, you can pay someone to code a bot for you.

Just my .02 cents



I

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