Hacktheripper.com

[Hacktheripper]

Review posted about InvestorsLive

http://www.investimonials.com/blogs/reviews-investors-live.aspx?page=2#reviews



Super Cocky - Very Rude & No Value! Lost a lot of money!
I've been trading for 5 years, and never relied on any of these rooms. I traded quality, and it paid well. I Had a gorgeous portfolio, and kept adding too it, little by little with successful trades. I found InvestorsLive through twitter, and thought to join him. It was by far the biggest mistake in my day trading career.

Patience:

This kid has no patience what so ever. I can understand why! These rooms have such a big turn around with members, people come in by 100's and leave and never return by 100's. So he doesn't feel like wasting time teaching you. He thinks you are one person that came in, paid him the $100 and he is already got what he wants. There is a group of them in a room, that have been there from the beginning, maybe 20-30 guys, and pretty much they feed each other. They all jump on you if you talk, and the room is full of manipulation with random stocks.

He tells you to PM him if you have questions, when you do, all he does is bash you privately. He keeps telling you go read his Seminars, which I found to be anything but helpful. He has two methods that he shoves down your throat, in all the seminars or in his Scans. "Short on Parabolic, and cover into weakness for profit. His second method is to go long into dips and sell into bounces." Every single time I PMed him regarding a play, I got no answer about my particular question, but "Did you read the Seminars?", "Did you look at Member's First Page"? Now, the funny thing was, I had very well gone though a lot of those seminars all together.

Former Runner:

They got two people in the room, who simply type Stocks that are hitting 52week high, and 52week low using ST's Platform. Every a few days or so, they would write a stock in the chat, that they thought was a Former runner. InvestorsLive himself, barely went long on them, even if he did, the position sizes were small. What they don't tell you about Former Runners, is that, out of maybe 20-30 of them, one of them actually triggers and goes up. So you lose money on the other ones, and end up being a bag holder. The former Runner Scans were a joke. Not to mention, they were being thrown in the room, every a few days. Of course, not their fault, but just to give you an idea of this whole "Former Runner" situation.

His Trades?:

How he makes his money? He has a big cash account + even bigger margin account so he barely loses money. If wrong in the trade, he simply averages down with more cash, or averages up with more cash. For him to lose any money, it would have to be something out of the ordinary, since there is enough cash to get him out of any trade either at scratch, or most times with gains. So many times, he has gone long, and says he had a particular stop loss, and the stop loss comes and goes, and at the end of the day he reports a gain on the trade, when it has a bounce and it comes back. You find out, that he had given the trade more room. He simply has the cash, to sit out on trades, until they go his way. 99.99% of Retail traders don't have that advantage. Luck or skill, this guy has made some nice money, more so in the regular Pump and Dumps. That cash from those, is helping him make more money. Unless you got 500K in your account, you can't walk the walk and talk the talk with these guys. No possible.

LiveChat:

In the chat if you were to ask him a question, that he may have hinted an answer to, he goes above and beyond to write a paragraph as to tell you why you didn't go back in the chat log and find the answer, vs taking two seconds than answering you. So as far as real time help, forget it. I already covered the content in his Seminars, so that's that as well.

If you take into a position, and make money, he takes the credit and if you lose money, he says "we told you not to chase, and read the seminars". He always takes the higher hand, hence making you feel like the underdog.

He barely mentions his longs. His excuses is that, he doesn't want members to lose money, but he makes a very nice amount of money on the longs, but fails to tell anyone. He doesn't talk about OTC's and what not. That's 6-7 of his trades per day. So all day, you are waiting and waiting.

Nightly Scans:

99% Of time, they are all shorts, or some shady company that's trading at 0.000000001cent. As written in the scans, he clearly says, short into parabolic and cover into weakness. Long into red to green, and or buy into dips and sell into bounces. His scans consist of very expensive companies like LNKD that he trades with his big account and no one can touch. Also as I mentioned, he doesn't mention much of a long positions.

Overall:

People, stick to your own trading. Trade quality, and reap the benefits. I wasted $100/Month, for a while, and lost a lot of money, because of his room. Now I've gone back to my old methods, and have to make my loss back, and then start being profitable. Don't let those twitter 20K Daily Profit snapshots trick you.