Simpler TradingReviews of simplertrading.com

Third and last update. I can’t believe it, John decided to do all possible shady things to hide awful performance of SAM trades since February 2021. In May 2021 he did reset to 10,9k USD. But before he transferred money of the account, %- loss was -20% from a moment he was doing trades based on 10,9k. So, instead of leaving 8720 USD on his account, he left 10900 USD so this way he did hide first 20% losses. Nice way to hide 20% loss of the account. And as he started year 2021 with 38k balance and made 12k return before reset to 10,9k. He guaranteed to have a profit reserve of 12k for the remaining of the year. So even if he blew up new 10,9k he still could show USD-gain. It’s amazing how he talks about performance on his videos. After the first shady way to hide 20% loss, and real reset to 10,9k he grew the account about to 15k mid June. From 15k, account went to about 5k or maybe even less till the first week of January 2022. This period he describes in the video to be kinda choppy. So he says the account performance is choppy when you have lost 55-60% of the original balance or down 70% of highs 6 months ago.. WOW! I have not followed exactly anymore the service as its so crap, and do not want to spend anymore time to calculate exact trade by trade results, but imagine.. In the video he says “December 30th we got about 8,5k but then end of the year it got bit sloppy”. In the email he says “December 31 balance 5,8k.” 8,5k from 30th December to 5,8k December 31st = A bit sloppy. Amazing! He says now that he always likes to reset the account back to 10k in beginning of the new year. That's again another misleading statement. Last year he did not do it, even he had 38k. But now as he is standing with huge losses, he says he has always done it this way. This is something he never mentioned in SAM service before. It was spoken about like “when we run 10k to 20,30,40,50k then we reset. Now suddenly when is down tens of percents, he resets the account always for a new year.. But hey nice way to double your account to deposit another 5k into it and forget huge losses..! And all this is of course done to lure in new customers and make sure they will not an idea what really has happened with SAM in 2021! If they saw the real results, nobody would be joining SAM. My conclusion about John’s SAM: He tries to make huge bets, and preferably like “hero trades”, as they are good to use in marketing. If things do not work, he just hides the losses and moves on like nothing happened. If you want to become a professional trader, do not join SAM. Professional traders have setups and rules, and their goal is to make profits consistently. If you want to gamble your money, then that’s a good service. There will be years when you hit it, but one bad year will take all of it away. So join with a very small amount of money, gamble with John, and if you lose 50-70% of your account, just deposit more if you want to keep going.

I have been trading for more than 10 years on stocks with TA and want to try options. I joined Carter's option trade alert with the chat room. It has been a few months and almost all the trades go to max loss, and only a few made money and with very little %. The trades that John took almost all of them are against the TA that I trade with and therefore, he got most of them the opposite, and hence the losses. I was thinking perhaps he was right with his experience and I was wrong. No, it turns out that I am right, and by following him I keep losing. Some trades are random, in that there are no setups, he just guesses where SPX will go for example. There are traders in the chat room that keeps talking about the stocks and charts but with very little trades. It is fine if the market does not provide a trade, but there is no reason to keep talking. It seems they like to sell you things more than provide good trades.

It would be nice if the strugling traders to could get like a 20 minute 1 on 1 just to get some good direction on their account and advice on how they or what they should or can do with that account to be a successful trader

Service is crap. John teaches a bunch of great stuff, like setup definition, risk management, sizing rules, stop loss and letting winners run. Then he proceeds to take trades with NO setup, no risk management and no stop loss. As many folks will tell you, only join his SAM room, Small Account Mastery, if you want to learn how to take huge losses on the regular. My previous reviews were deleted as being "suspicious" and the ONLY reason I'm trying again to help someone else avoid these insane losses on John's dog crap trades.

Lost over $200k following John Carter and his Small Account Mastery program from August to November 2021. Many others also experienced the same. The majority of Johns trades went to max loss. Completely destroyed my trading account. Don’t follow their trades unless you want to lose a lot of money.

Simpler consistently provides holistic, honest education for trading. They have powerful tools, attentive staff (Isaac was super helpful!), and the community is very active. Understanding that the market has been unwieldy to say the least; SAM has suffered. By contrast, Sector Secrets is up hundreds of percent, which has been great. Super glad to be a part of this community, I have learned (and gained) much.

Trading involves risk, you have to know you may lose what you invest. If you can't afford it, don't trade. With that being said, I started with the SAM April 11, 2021 with a 10k account. The day of my first trade was April 14th and happened to also be the day John reset his account "as if" it were a 10k account but stated he would pull out funds on April 20 for the actual reset. The funds were not actually removed until May 12th. Why is this important? Because during this time frame, I took every single trade, with my account going from 10k, to 10,400, then a draw down to 7,500 by early May. John did a great job navigating trades with some nice winners getting my account back to 10,800. The catch, John's account magically went as high as 14,900. How could this be? Well, since he reset his account in May, instead of April, he did not have the draw down others like myself experienced. Mulitple webinars after that point, he still pointed to that high mark of 14,900, ignoring the 25% drawdown preceding. Since that point, it has been all down hill. Even today, 12/13, on the SAM monthly call, I listened to him say he had a good 2019, good 2020 and good first half of 2021. What????? Good first half??? Maybe first quarter. His trades are posted, you can see everything he did, which is great. However, it's reached a point of denial with John, April and beyond has been a dumpster fire. Even to the point where they have shut down the comments section in the app. So much for community. With my rant over, here are some things I noticed that are not advertised. 1. John travels. Since I joined, he has traveled once a month, usually for a week at a time. 2. When John travels, his 'assistant' takes over. She is very nice but not the 'expert' I am paying service for. 3. Trade small, you don't have to risk the same amount as John. This saved what I had left in my account, 55 percent, instead of a possible 35 percent. 4. March 2020 through March 2021 John absolutely killed the markets, kudos to him! However, it's worth noting, he did not travel during that time. April 2021, he started traveling again and his results have belly flopped. 5. John continues to point to his yearly P&L as a barometer of his success. This was based on trading a larger account during the 1st quarter. If he had not reset his account, he would be down big. 6. The up selling of products are never ending. It gets obnoxious. 7. If you pay for the service, let the profits pay for new products, don't keep digging into your own pockets. 8. You can learn to trade through Simpler Trading. However, there are many free options as well that are just as good. 9. There are multiple trading rooms from which to choose. Research each room individually before choosing. I have heard there are some rooms getting good results. That's it for me. I took a chance, followed John's trades in the SAM, got burned, learned my lesson and moving forward. I think John has a great mind for trading, I've read his books, learned a lot but his lack of self awareness was really disheartening. 12/14 - One quick edit. I looked at the positive reviews for simpler trading. One common occurrence I noted is not one recent positive review talked about their performance in terms of profit, only generic positive statements. If I had profited with John, I would have been yelling it from the roof top how much John was making me. 2/16/22 - Update I happened to see this response from Simpler Trading to a review posted on 2/9/22 regarding SAM: "There was an account reset in January 2022, as there always is, but there was not one in February. " I was part of the SAM two different times, for a total of 12 months. John, NEVER, spoke of a yearly January reset. He only spoke about building the SAM account to a large account, reset, repeat. When did John reset the SAM in 2021? May, not January. My original post attempted to be objective and fair based on my experience. But this reset in January 2022 shows how fraudulent this service is with John and the SAM. I have not been involved with the other ST groups. If John ran his small account into the ground, would it not behoove John to trade a smaller account he has advocated in many videos? What a joke. Once again, the recent positive reviews reek of reviews that were not from actual traders. They lack specifics and only general statements. I call BS on this company, shame on you. How do you sleep at night when people are losing tens of thousands of dollars following John? Do the right thing and stop SAM, let John post about his big account, which he really only cares about anyway. No response from ST to any of my posts, truth hurts I guess.

This is a follow up to my previous review. Watching John webinar yesterday was again a slap in the face. All this talk about creating a plan, "following the colors" (indicators).. When in reality when you are subscribed NONE of the "rules" or "plans" he talks about are applied. In his alerted trades, almost all of them have clear sell signals but he never closes them out.. Withtout ever explaining why. I TRY to ask in the chat when John is presenting, but I get ignored. Yesterday he had a TSLA bull spread position that was down like 60-70%, expiring next week. TSLA had red bars on multiple time frames, squeeze fired short, closed below 21 day EMA for 3 days in a row- when I asked John about it in the chat, why he wouldn’t close it, he just said “let’s see if it bounces tomorrow (Friday)”.. Really? This is the advice? What happened to following the plan or the indicators? Guess what, today is Friday and TSLA is down 2 more percent and the spread is now down -96%. Why not practice what you preach with the alerts? Why not discuss what’s happening on the chart? I just don’t get it. John is also very nonchalant about all the losing positions.. Positions drawing down 60-70% and he doesn’t even address them in his live presentations, he doesn’t really care if it all goes to 0. Makes you wonder is he even taking his alerted trades? He acts like he doesn’t care at all. Sometimes he seems to forget he is in a position.. And those are not small lotto trades.. 5-10% positions going straight to 0 without ANY updates on the positions after he opened them. Appalling. When he’s on he prefers to talk about stories about his coins, minerals, animals and whatever, while he has drawing down positions that he doesn’t even review with his subscribers. Losing trades happen, and it’s OK if we learn from them and are honest about it, transparent about the losses so they can be of educational value. The losses, while they hurt, are not the reason I quit. I lost all trust in John and his team. And I will not be renewing my membership because of that loss of trust and lack of attention to the positions he alerts. John just doesn't care any longer. He's rarely there, doesn't seem to care when he posts losing trades 90% of the time. Why would he? He is making his money by selling you subscriptions and indicators. He built SimplerTrading to a size where he doesn't need to be involved or care anymore. I think he's done with Simpler Trading, so at this point this service has become terrible.