Raleigh NC/USA
Experience: Beginner
Platform: NinjaTrader
Trading: stocks
Posts: 33 since Oct 2014
Thanks Given: 217
Thanks Received: 16
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I'm doing a trial of Simpler Trading's Options advisory, which seems to be the only advisory that has John Carter in it, though he is only one of numerous traders/marketers who rotate through the room in 1hr time slots. They post their trade alerts in the room, but the trades aren't numbered and there is no record of these trades outside of the room. So they don't keep track of trader P&L. I asked them about this, and they said they're working on it. This is utterly laughable given the size of the organization (they have lots of admin staff who aren't traders) and the resources they have thanks to all those monthly subscribers and the never ending list of proprietary indicators.
Responsible retail traders track their P&L, but this organization does not. Seems to me there is only one explanation for why they don't track P&L - their traders are not profitable. But maybe I'm wrong. Has anyone found that any of Simpler Trading's traders are consistently profitable?
As for the Options room advisory, it's very disjointed because there are half a dozen traders on rotation and they are all using different proprietary (of course) indicators that you have to spend $$ on unless you spend the time to reverse engineer it because these are all very likely derivatives of freely available indicators. Because they're all looking at different things, it's hard to stay engaged as the focus switches every hour. The only consistency among the traders/marketers is their upselling you on indicators and courses. If you sign up for the trial, you'll see the upselling begins immediately after you hit 'submit', and it never lets up. John Carter comes across as a decent guy in his Youtube videos, but comes across as a sleazy salesman in how he runs this business.
So if anyone has had good luck with any of Simpler's traders, even if they are in a different 'room' than the Options room, please let me know so I can try to switch to them, thanks.
Edit: I'm reading Carter's book, and it's good so far, but he doesn't trade as you'd imagine from reading his book - seems he trades much looser.
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