Wow, I just finished a trial month in Mohan's Boomerang Trading Room. What a guy. Don't think I'll be paying $250/mo to continue. Sure way to go broke fast. To be fair, I haven't watched every minute of every day but when I do tune in, his P/L box has negative numbers 80% of the time. Some days are really disasters where I've seen him lose 50 points before giving up for the day.
It's one of those rooms where you can't see who else is in there with you. You can't talk to the moderator (Mohan). He doesn't answer questions. He doesn't post results (for a good reason). He gives you a daily dose of conspiracy theory along with the trades that he calls (today's conspiracty theory was that the Ebola virus is no worse than the flu bug and "they" are just trying to get everyone excited when there is no more danger than catching a cold.
He whines about every trade that goes bad and chalks it up to the "riggers" that are out to get everyone. Two fridays ago he put on 10 trades in a row trying to catch an "oversold" market that was heading down. Of course every trade lost but it didn't stop him from putting on the next trade.
When someone, in an e-mail, asked him why he doesn't post trade results he said: "How come you don't post your trade results?" That was the best he could come up with.
He watches about 15 different indicators and fib lines and day-range lines
The ironic thing is that I think that you stand a pretty good chance of making money with his basic Boomerang Course (if you don't get killed in sideways markets). It's about 4 MA's and he tells you where to get in and why. On his youtube videos he says: "Why mess up your charts with lots of lines and indicators when I'm showing you a way to make consistant money, day-in and day-out. And why listen to a boring trade room when what I'm showing you is so simple".
If he would only follow all his rules in the trade room he might actually make some money but the rules just get thrown out when he sees an overbought/oversold indicator start flashing and he can't stop jumping in.
The following 2 users say Thank You to Bob 30214 for this post:
Closed as duplicate. Also created in wrong subforum, moved.
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