Simpler Trading Reviews | Read Customer Reviews of simplertrading.com

Simpler Trading Reviews | Read Customer Reviews of simplertrading.com

Simpler Trading reviews

532 approved reviews, newest moderated first

Joey S.
Oct 3, 2021
Not recommend SAM
I joined the SAM service since February with 50k account. I just copied the trades before the SAM class, it was profitable a bit since I only used 10k. When the SAM account was reset to $10,900 , I decided to follow the SAM trades closely and tripple the size using 30k of my 50k account. Bad decision ever, since the reset, the SAM account has performed worse than the S&P 500 and in the red zone now. My 50k account is now only 30k left and decreasing. As you read through the reviews, you will see Simpler Trading claimed that SAM account has nearly 70% win rate, but the account still lost money. Why? The main reason is for most trade, we risked let say 2k to take only $500 profit. And recently we had max loss of 2k each trade. I tried this service based on some general fancy good awesome reviews here (probably from company’s employees). But you also see there are honest bad reviews lately due to bad performance of the service. Everyday, SAM members frustrated in the chat room because they lost money which is completely against the purpose of this service: showing members how to grow small account. Members now don’t even know how to break-even their small account because the strategy is unclear. It’s easy to say losing money is part of trading as they always say it in the chat room. However, it’s frustrated to pay for this service ($597/3 months, not cheap) and watch the account swinging hard to the downside. When we make money, it’s Simpler Trading’s credits. When we lost money, it’s members’ own risk management. Well, at least they need to review the account performance and take it seriously since SAM members are losing twice as hard as the SAM account itself. I don’t recommend SAM. I have 2 months left of this service but I don’t expect much from it due to last 6 months performance.
Response from Simpler TradingOct 6, 2021
Hi Joey Smith, Thank you for taking time to post your concerns. Yes, performance in this service has suffered recently, and you can see that we acknowledge such in our replies to other reviewers. Most of the time that this service has been offered, it has been very successful. That's why there have been so many glowing reviews about it until the past few weeks. Those are real reviews by real customers. No employees post reviews on here -- that is not only unethical but it is also against the rules set by TrustPilot. We use this 3rd party tool for collecting reviews for that exact reason: we want unbiased and valid reviews to honestly showcase our business. SAM has seen a high win rate, and is up overall YTD. However, July and August were challenging months and the account is down since the reset. Please know that we are looking into this and trying to find the best solution for everyone moving forward. One thing we've been working on the past few months is sending monthly recaps to subscribers as part of our efforts to be as transparent as possible. Sincerely, The Simpler Trading Team
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MGhanks
Oct 1, 2021
Like I told you before SIMPLER TRADING A SCAM
Like I told you before. In my own opinion and experience, These people will do anything to make themselves appear as angels and they are out to help people. Folks, trust me they are only trying to take your money. They will continue to sell you on indicator after indicator and continue to defend their “honor”. All while the chat rooms lose money for hard working people and they continue to act like they are doing good for the world. Really? Then why do you charge so much for losing money? but wait look at the millions I made, we really care, we want to help you, give us more money, in my opinion it wouldn’t surprise me at all if they were taking contrarian trades. Ok wait for it….here comes Lucifer dressed as an Angel with a sweet sweet rebuttal of a reply….aww we are so helpful we are doing good, we have 35 years trading experience, blah blah blah. If I could help one person read this review and read the options book by Lawrence McMillan and avoid losing money to a service this post is well worth it!! Like Reagan….trust but verify!
Response from Simpler TradingOct 1, 2021
Hi again, Our PnLs in all of our mastery programs are all up for the year. Can you please tell us what service you've used? With your current handle, we can't find you in our systems. Across all of our services, we strongly recommend that everyone accounts for their own risk tolerance. If you've lost the amount that you are claiming, then it sounds like you have not been following our trade setups and have not been adjusting them to your risk tolerance. As previously stated, our traders use their own money to trade whatever setup they alert out. Have a great day! Sincerely, The Simpler Trading Team
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Huong T.
Sep 29, 2021
Small Accounts Mastery account is losing money
Small Accounts Mastery SAM account has been consistently losing money this year. I am a subscriber to SAM, not worth $590/quarter. I followed every trade with the same size and price, ended up losing 20% of my account right now. The explanations for each trade are vague and members always have to ask for the reasons of the trades for learning purposes, but they never get a clear answer. Their indicators are not very accurate as advertising. In fact, they are very unreliable. I decided to stop this service today since I learned nothing much and lost money. I thought it was good, but it was a waste of time and money. P/s: I paid 3 quarters which are 9 months. Not just last 3 months the account struggles as the reply mentioned. The entire 9 months was a rollercoaster from 10k to 14k to 8K to 10k and now losing and suffering more since the market is selling off. Once a month live trading is not worth the price. Also, forcing bunch of trades in a single live trading section and the rest of time looking at those positions bleeding to max loss are not a good risk management. Not to mention that once in a while throwing in a trade because members are feeling abandoned where the trade is not an ideal set up. I suggest at least once a week to review the account performance with an accessible spreadsheet to keep track of the account’s trades. For indicator, the Ready Aim Fire provided a Fire arrow to the downside in the weekly QQQ and we did a “hedge” position to early catch a downtrend in SAM account, the QQQ ended up continuing to go up higher for a month and the Fire arrow disappeared. The hedge position suffered a loss of course. The arrow indicates early exhaustion of a trend, but if the trend goes against it, the arrow disappears. That’s why I said it is unreliable.
Response from Simpler TradingOct 1, 2021
Hi Huong Tra, Thank you for taking the time to post your feedback! We're sorry to hear that you haven't gotten more out of the Small Account Mastery service. There has been 3 months spread out throughout the year that were challenging and didn't see the results we would've liked, but there's still be overall growth with nearly a 70% win rate. How long have you been in this service? Can you also expand on how indicators are not as accurate as advertised? We take this kind of thing very seriously. Which indicator are you talking about? How is it less accurate? Please reply to this review with more information or send us a note at [email protected] with this review for reference. Thank you. Sincerely, The Simpler Trading Team P.S. - Thank you for updating your review with more information so we can better understand what went wrong. The Ready.Aim.Fire!® Pro indicator is one of our most popular ones. Please understand that holding an indicator to a standard of every trade working is probably not realistic. That being said, here are some thoughts to help get the most value for it in your trading. - Most important is the notion that Ready.Aim.Fire! Pro is a trigger indicator, which means that it's designed to help time entries for specific setups. This approach as well as ideas for some setups are described in more detail in the Usage Guide that accompanies the indicator. You can reference it here: https://simpler-cdn.s3.amazonaws.com/downloads/RAF%20Pro/Ready%20Aim%20Fire%20Pro%20Usage%20Guide%201-0b%282%29.pdf - Using a trigger in conjunction with a setup can shift the odds in your favor. I don’t know the specific setup which was used in combination with Ready.Aim.Fire! Pro for the specific trade you mentioned. If it indicated a potential for higher risk in the market, then hedging might have been warranted. The whole notion of a bearish trade as a hedge is that one thinks that the market could continue to go up and that one still wants to hold long positions. The potential of increased risk means one is willing to risk a possible loss in the hedge in order to have more protection. So it sounds like even in this circumstance, there was a consideration that the trade wouldn’t work out. If you continue to use the indicator on more than just one trade and as a trigger, we're confident that you’ll see what many satisfied users do: that it’s tremendously useful as a tool in a trader’s toolbox. Let us know if we can provide additional support to help you get the most out of Ready.Aim.Fire! Pro. In regards to Small Account Mastery, we're not sure what you mean. March, July, and August were difficult months for this service. We don't deny that. However, every other month has been up this year. The service may not be right for you and your trading needs. It's important to consider your risk tolerance and adjust trades accordingly. We'd love to talk to you and see if there's a better fit. Please let us know by emailing us at [email protected] or by calling us at 512-266-8659. Sincerely, The Simpler Trading Team
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Dave A.
Sep 15, 2021
Not worth it at all
After watching Raghees charts and coffee on you tube I decided to join because hey she's never blown up an account and never had a loosing year in 30 yrs. The good: Her account management strategy is solid for the most part, it's conservative and if you follow the position sizing and stop loss guidelines you probably won't blow up your bankroll. The Bad: Never ever question their methods, or you'll get booted from the chat room. There isn't any clear "new to sector secrets" type video that concisely and clearly walks you through the strategies and the myriad of indicators. They have a bundle of confusing indicators full of lines, dots, clouds etc all over your screen with no real easy to find instructions on how to set them up or what your looking at I was a member for one month and was basically booted because I asked a real question. Most people in her room are cult like zombies who just parrot what she says any and I mean any dissention isn't tolerated. So if your able to think for yourself stay away. Here are my experience and glaring discrepancies. Everyone was alerted to buy XLV when the trade went south people started selling off when they were down 25% BUT the entire markets were down about 8% overall. I said I am not selling I am buying the dip. That was the beginning of the end cause I was told "the rules are the rules" the next day I post a pic of my p/l that day where I was up 500 bucks from buying the dip the day before. I was excoriated for it. Later that afternoon they sent out an alert to buy into XLV when it dipped a little that afternoon lol I asked if anyone could help me write the code for an inductor in TOS. I was told they didn't do that, however several days later the room moderator Lorna told me she writes indicator code? I guess they only write them to sell to you for another several hundred dollars lol I was told they weren't gamblers, but by definition anyone trading is just that. That evening I got an email hawking a bunch of indicators that will "give you an edge" I asked what they considered a good profit per options contact and was told they don't look at it like that, however that evening I received an email hawking me RH's indicator bundle that was bragging about how much she made per option. The best part of this whole experience was customer service, they were very professional, helpful and refunded me my money in it's entirety. So for that at least was five star. I know nothing about JC or the test of the traders or rooms it could be totally different from Horner's option room.
Response from Simpler TradingSep 17, 2021
Hi Dave, Thank you for posting your feedback! We’re glad to hear that you enjoyed Raghee’s Charts and Coffee sessions on YouTube. She has a very effective approach to trading that’s allowed her to be successful with minimal time spent staring at charts. Please understand that we have rules that apply to our trading rooms. One of those rules is to always be courteous to others by not causing distractions and to understand that your question may not always get answered. In situations like this, we ask that you reach out to our support team for help. They are equipped to answer your questions about indicators and strategies. And yes, we do have folks on our team that write indicator code and scripts, but we do not offer this as a service. It’s not part of our membership and you would need to contact someone who offers this kind of service. Writing code for an indicator is not an easy task, but we do have documentation on how to do it through thinkScript. That being said, we do market our proprietary indicators that have been developed over years. Our indicators have been time tested and written to specifically enhance and simplify the strategies taught by our traders. Although there’s always an argument that can be made that trading is like gambling, and depending on your approach, it may very well be. However, our traders have years/decades of experience analyzing the markets, perfected strategies and setups for different conditions, and use tools to make informed decisions when they are trading. A “good profit per options contract” is very subjective and would vary depending on your account size and strategy. Therefore, that’s not really a question we can be expected to answer. Traders generally focus more on their overall gains and their win rates as a measure of success. And while we are an education based trading company, we are a business and yes, we will market our products based on how they’ve been leveraged for X amount of gains. We don’t make wild claims or promises. We cite specific trades in all of our marketing materials. We hope this helps clarify a few things. We’re glad to hear that you enjoyed your experience with our customer service team. Please know that refunds are not typically part of our company policy as you cannot return the products that you consume. Let us know if you’d like to check out some of our other services, many of which offer trial periods. Sincerely, The Simpler Trading Team
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Donald H.
Sep 14, 2021
Excellent platform
Enjoying Simpler Trading but receiving way too many emails…about 5-6 daily. Maybe I need to change my settings? Also getting logged out regularly and then have to login again. Some very nice trading ideas!
Response from Simpler TradingSep 15, 2021
Hi Donald, Thank you for posting your review! We appreciate your feedback. Please know that we are working on optimizing our email communications, but you can always update your preferences or reach out to our support team for help. Can you send us more information about the issue you're experiencing with being logged out regularly? Is that from your dashboard or the trading room? We'd love to help you with this issue as well. Sincerely, The Simpler Trading Team
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Chris N.
Sep 9, 2021
Professional Trading Education That Works
I have learned a lot and I think your trading education is the best I've experienced even though I have been trading for 30 years. JC's psychology blogs are great. I have been a fan of Mark Douglas since I went to a seminar of his many years ago. I was shocked then by what he was saying described me perfectly. I am pleased JC continually quotes him, but saddened to learn he has passed away. I will say your continual marketing is a bit fatiguing and I think I will slow down a bit and focus on Small Account Mastery and education only. The support for your indicators is very helpful and there has always been a friendly voice on the end of the telephone when I have called. I have focused on controlling risk, emotions, and acceptance of loss. I should have done that a long time ago! I am really impressed with the size of your audience, the marketing is definitely working. Thanks for allowing me to focus my trading efforts in a better direction. Now the rest is up to me.
Response from Simpler TradingSep 10, 2021
Hi Chris, Thank you for taking the time to post your review! We really appreciate your feedback! Trading psychology is such a huge component of trading, but not everyone realizes it. We're glad John's blogs have helped and that we've been able to help you focus your trading efforts in a better direction. Cheers to progress! Sincerely, The Simpler Trading Team
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LAD
Sep 9, 2021
Great team! Near perfect service
John and his team of traders have a lot to offer. I would give these guys 5/5 stars if things like courses and indicators weren’t so expensive BUT, many of them are well worth the investment. The live trading rooms alone are worth it. If you listen and apply the things you learn, you'll make better decisions as a trader. Promise
Response from Simpler TradingSep 10, 2021
Hi Louis, Thank you for posting your review! We appreciate you taking time to share your feedback, and are thrilled you've gotten so much out of our services! Sincerely, The Simpler Trading Team
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Ed M.
Sep 8, 2021
Yes, I am a subscriber to Small trading Account Mastery. So far I am down. Not sure if I will continue.
Yes , I am a subscriber to Small trading Account Mastery. So far I am down. Not sure if I will continue.
Response from Simpler TradingSep 8, 2021
Hi Ed, Thank you for posting your review! The markets have been particularly challenging this year for a lot of traders, including some of the traders on our team. Small Account Mastery P/L is up over $12k YTD with over a 60% win rate. That being said, it's been a little rough lately, and so we understand if you don't want to continue with that membership. However, we do offer other services with more conservative, lower risk trades like Sector Secrets Mastery with Raghee Horner. We'd love to tell you more about it or help you find the right fit for your trading style. Sincerely, The Simpler Trading Team
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