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mad hedge fund trader, john thomas


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mad hedge fund trader, john thomas

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  #1 (permalink)
deltaman
nipomo, ca, us
 
 
Posts: 2 since Nov 2010
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anyone have any experience with this guy ?

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  #3 (permalink)
 heywally 
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deltaman View Post
anyone have any experience with this guy ?

I'm only familiar with him from subscribing for about three months recently - he had some very good ideas (mostly commodities related) for at least the last 12 months or so (don't know his track record further back) but recently, it seems like his main focus is patting himself on the back and hawking his pay lunch get-togethers in various cities and also, jacking up his subscription rates. I liked a lot of his commentaries as they crossed political boundaries on both sides and were well thought-out but ultimately was turned off by his price increases and focus on getting more and more subscriber monies.

If you want to emulate him, focus on commodities and commodities related equities and buy on pull-backs.

"The Future Ain't what it used to be"
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  #4 (permalink)
 GoldStandard 
arizona
 
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The lack of a verified track record does not inspire confidence. Testimonials and individual trade examples are a very weak form of evidence.

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  #5 (permalink)
STemplar
Chicago
 
 
Posts: 4 since Apr 2011
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I need an attorney to file suit against John Thomas, the so called mad hedge funder trader. The man is an arrogant, name dropping incompetent. I lost nearly $10,000 due to his advice during his 90 day trial period. I have the evidence to prove it. Please provide me the names of some law firms. I need to file a lawsuit against this man. Please email me with information about a law firm. This man should be exposed for what he actually is.

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  #6 (permalink)
 Fat Tails 
Berlin, Europe
 
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STemplar View Post
I need an attorney to file suit against John Thomas, the so called mad hedge funder trader. The man is an arrogant, name dropping incompetent. I lost nearly $10,000 due to his advice during his 90 day trial period. I have the evidence to prove it. Please provide me the names of some law firms. I need to file a lawsuit against this man. Please email me with information about a law firm. This man should be exposed for what he actually is.


First of all, I feel sorry for you that you lost some money.

This guy is a journalist, not a trader. He is mostly known for interviewing traders.

And if you ever happen to see something like this in the Internet, do not believe it. It is a trap. It is likely that you will lose your money. Also you should know that it takes years to become a world class trader, and that most who try will not succeed. So this is an obvious lie.

I would not give any money to somebody who lies to me and has not proven his reliability or competence. I don't believe in Father Christmas either.



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  #7 (permalink)
STemplar
Chicago
 
 
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Sorry, but someone has to take a stand against this guy and the type of marketing that surrounds him. I've consulted with a class action law firm who is very interested in this matter. I believe there needs to
be massive regulation of this industry on the internet, a Mr. John Thomas, the arrogant little incompetent prig that he is, is going to get the type of publicity that will be his worst nightmare.

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  #8 (permalink)
 Fat Tails 
Berlin, Europe
 
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STemplar View Post
Sorry, but someone has to take a stand against this guy and the type of marketing that surrounds him. I've consulted with a class action law firm who is very interested in this matter. I believe there needs to
be massive regulation of this industry on the internet, a Mr. John Thomas, the arrogant little incompetent prig that he is, is going to get the type of publicity that will be his worst nightmare.

Unfortunately, there are and hundreds of websites of this type. They all look similar and have little to offer.

This guy at least knows something about international financial markets. He has a valid track record as a journalist, and is certainly not the worst of the bunch.

There are lots of guys specializing in internet marketing, and they just create various sites for everything. You subscribe and get a useless package of indicators which was illegally copied somewhere else, and have to pay a couple of thousand $$$.

I would rather focus on learning how to trade than waste my financial and emotional resources to get a revenge on this guy. I guess you will have to pay your lawyers, and that money is probably not well spent.

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  #9 (permalink)
STemplar
Chicago
 
 
Posts: 4 since Apr 2011
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Class Action Attorneys and Personal Injury Attorneys DO NOT CHARGE A FEE. It costs me nothing.
This could be a landmark case regarding the regualtion of financial advice given over the internet.
You assume certain obligations and responsibilities when you take someone's money and promise certain
services relating to finanical advice.

I will offer to settle the matter if he reimburses me for my losses, but that you can assume will not happen. At that point I have cause to go forward. The Mad Hedge Fund Trader John Thomas will be remembered in history in ways for which he has not bargained. Discovery proceedings should be very interesting. The truth about the "Mad Hedge Fund Trader" is, I suspect, much different than he leads you to believe.

The first people I will report the filing of the case to is FOX NEWS.

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  #10 (permalink)
 ThatManFromTexas 
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STemplar View Post
I need an attorney to file suit against John Thomas, the so called mad hedge funder trader. The man is an arrogant, name dropping incompetent. I lost nearly $10,000 due to his advice during his 90 day trial period. I have the evidence to prove it. Please provide me the names of some law firms. I need to file a lawsuit against this man. Please email me with information about a law firm. This man should be exposed for what he actually is.

Sorry for your loss , BUT....

Did he promise you would make a profit ... in which case you may have legal grounds...

or

Did he promise to make you a "World Class Trader" ... an ambiguous statement at best... World Class Traders know the pain of losing trades...


Fat Tails View Post
Unfortunately, there are and hundreds of websites of this type. They all look similar and have little to offer.

This guy at least knows something about international financial markets. He has a valid track record as a journalist, and is certainly not the worst of the bunch.

There are lots of guys specializing in internet marketing, and they just create various sites for everything. You subscribe and get a useless package of indicators which was illegally copied somewhere else, and have to pay a couple of thousand $$$.

I would rather focus on learning how to trade than waste my financial and emotional resources to get a revenge on this guy. I guess you will have to pay your lawyers, and that money is probably not well spent.

Those who can... Do...

Those who can't ... Teach...

Those who can't Teach... Consult

Those who can't Consult ...Open Websites...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #11 (permalink)
STemplar
Chicago
 
 
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LOL
Thanks
Very entertaining.

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  #12 (permalink)
 Fat Tails 
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ThatManFromTexas View Post
Sorry for your loss , BUT....


Those who can... Do...

Those who can't ... Teach...

Those who can't Teach... Consult

Those who can't Consult ...Open Websites...

Those who can't Open Websites ... Still Can Post Here!

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  #13 (permalink)
 whatnext 
Rockland county , New York
 
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STemplar View Post
I need an attorney to file suit against John Thomas, the so called mad hedge funder trader. The man is an arrogant, name dropping incompetent. I lost nearly $10,000 due to his advice during his 90 day trial period. I have the evidence to prove it. Please provide me the names of some law firms. I need to file a lawsuit against this man. Please email me with information about a law firm. This man should be exposed for what he actually is.

You aren't going to find paid for advise that is always right!

James Dines portfolio was down 69% from peak to trough in '08-'09 but he came back huge with Rare Earth Element stocks. Charles Nenner is legendary for picking tops and bottoms with absurd accuracy but it doesn't mean he's not way off some times.

Good luck on your quest to make this a nanny state by skirting the inherent responsibility as an investor to evaluate the information given. Why not start suing companies that sell add-on indicators to NT if they didn't work out for you?

There are people who lost a hell of a lot more than 10% investing with deregulated financial institutions that traded against them...

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  #14 (permalink)
 Trafford 
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He appears to be legit

Forbes Contributor Profile The Mad Hedge Fund Trader

Mad Hedge Fund Trader - Seeking Alpha

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 Fat Tails 
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The guy is a known journalist. I do not know by which monkey he was bitten to start that awful website.

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  #16 (permalink)
 ThatManFromTexas 
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Fat Tails View Post
Those who can't Open Websites ... Still Can Post Here!


Which reminds me... can you write one for me...

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The Sponge

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #17 (permalink)
 Fat Tails 
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ThatManFromTexas View Post
Which reminds me... can you write one for me...

Signed,

The Sponge


I was just looking for the ideal post to use one of the new smileys. I have found it.



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  #18 (permalink)
 ThatManFromTexas 
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Fat Tails View Post
I was just looking for the ideal post to use one of the new smileys. I have found it.




Glad I could help...

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #19 (permalink)
 whatnext 
Rockland county , New York
 
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This post is over due, but in the interest of maintaining the amicable environment Big Mike's fourm prides itself on, I apologize for coming off coldly to you STemplar. I get more worked up on forums than I do in person when strongly disagreeing.

John Thomas and I have brushed paths from another site we contributed to and have listened to his point of view for over two years. Although he has a huge ego and is a war monger - it is patently false that he doesn't have a verified track record or extensive financial experience outside of journalism.

The class action law firm who is very interested in suing him will soon discover that he had HUGE years in '09 and '10 - but I'm kicking his ass in '11. John had a big run up on his investments and took profits as he feels they were overbought and expects a big downturn after QE2 is scheduled to end in June.

Conversely, I feel that the markets will be continued to be propped up (they have been to the tune of 4 bil. a day by some accounts) - because of who really runs this country in my opinion and that a stronger dollar is not feasible given the lower growth + debt + deficit + unfunded liabilities we face. I think the Fed's MO is shaping the yield curve and creating negative real rates to keep private interest rates down.

That's not to say that these are times of certainty and I feel safer reacting to price action rather than predicting it. Just my .02 and I wish you better luck moving forward.

I think heywally was dead on here.

heywally View Post
I'm only familiar with him from subscribing for about three months recently - he had some very good ideas (mostly commodities related) for at least the last 12 months or so (don't know his track record further back) but recently, it seems like his main focus is patting himself on the back and hawking his pay lunch get-togethers in various cities and also, jacking up his subscription rates.


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  #20 (permalink)
 dutchbookmaker 
NYC
 
 
Posts: 187 since Dec 2010


STemplar View Post
Sorry, but someone has to take a stand against this guy and the type of marketing that surrounds him. I've consulted with a class action law firm who is very interested in this matter. I believe there needs to
be massive regulation of this industry on the internet, a Mr. John Thomas, the arrogant little incompetent prig that he is, is going to get the type of publicity that will be his worst nightmare.

I'm completely against this.
It is very thin ice once you open a can of worms with internet regulation, it is not so hard to see how something like that could make a board such as this not possible.
I lost 15k of my brother in laws money when I started out..That is the way it goes. You gambled and lost.
Maybe he did you a favor that if you quit now you will only lose 10k and no more time.
The markets don't owe you anything.

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  #21 (permalink)
 eman 
Galveston ,TX
 
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STemplar View Post
Class Action Attorneys and Personal Injury Attorneys DO NOT CHARGE A FEE. It costs me nothing.

two words for this kind of thinking: tort reform

cheers,
-e

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  #22 (permalink)
amysmith
San Francisco, USA
 
 
Posts: 3 since Apr 2011
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Sorry you had such a bad experience, but I would like to challenge you to share the exact trades that lost you money. I followed his free content for 2 years in 2009 and 2010, made a killing, and now I subscribe. He is up over 25% since he started his trading program in December. John has a very transparent trading book. 19 of his 22 trades are winners.

How anyone can claim they lost so much money with this service is beyond me. Its true that if you missed December, you have smaller gains, but still a net gain. This is the closest thing to the real deal as i have ever found, and for many investors its the closest thing they can get to a read hedge fund.



Lastly, all of the archives on his site are available for free.

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  #23 (permalink)
amysmith
San Francisco, USA
 
 
Posts: 3 since Apr 2011
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I notices you specify yourself as a currecny trader. 2 of the 3 losing trades were currency trades, so maybe you only took on those trades? Even if this were the case, your maximum loss should have been less that 5% of your portfolio if you bought and sold when he did. Hardly lawsuit material.

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  #24 (permalink)
 Big Mike 
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  #25 (permalink)
amysmith
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I have no affiliation to him at all, I am just a subscriber to his newsletter and I get Google alerts based on his name that pointed me here.

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  #26 (permalink)
 cory 
the coin hunter
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amysmith View Post
I have no affiliation to him at all, I am just a subscriber to his newsletter and I get Google alerts based on his name that pointed me here.

how do you set google alert to do that?

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  #27 (permalink)
 thatguy 
New Brunswick, NJ
 
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cory View Post
how do you set google alert to do that?


Google Alerts

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  #28 (permalink)
Arpeggi
Chicago, IL
 
 
Posts: 35 since Feb 2011
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STemplar View Post
Class Action Attorneys and Personal Injury Attorneys DO NOT CHARGE A FEE. It costs me nothing.
This could be a landmark case regarding the regualtion of financial advice given over the internet.


The first people I will report the filing of the case to is FOX NEWS.


You come to a trading forum regarding the "regulation of financial advice given over the internet."

Interesting. With all of these templates and strategies that are shared over this forum you wouldn't think places like this would fall under that? You put one little toe over the line - the government will push over the rest of your foot.

Aren't you in a way seeking financial (and legal) advice AGAIN over the internet in terms of filing a class action suit? lol

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  #29 (permalink)
 MetalTrade 
 
 
Posts: 1,081 since May 2010

You payed and followed a guru and lost $10.000 ?

That's nothing.

I lost way WAY more to learn how to trade, and made way more mistakes than $10.000

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  #30 (permalink)
googleman
london uk
 
 
Posts: 1 since Jun 2011
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Id like to thank all who have contrbed to this blog. I was researching b4 joining. I agree with others that he is not so much an analyst as a journalist who has found the value in attending $ plate lunches so he can name drop. Specialising in Macro makes life easy...... there'll be 200 mil more mouths to feed in 5 years.....buy food !

Stemplar..... cool down or yourll burst a blood vessel !!!! He really didnt promise you a fortune....he promised you COULD make a fortune IF ....! But I would certainly reco you enquire about his 'limited to 500 subscriptions' claim. Lets see: $2k ish pa x 500 hardly pays for him, his employees, advertising, office costs and all those lunches. Such charity is to be admired......Apparently he charges some of his high roller hedge fund clients that much each.

Regards and thanks again.

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