Simpler TradingReviews of simplertrading.com

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.

I started SAM subscription in February 2021 with $135k account. Today is December 9th, 2021, my account is $5,300. I believed I am not the only one that has accounts blown up with SAM's trade alerts. Thank you Simpler Trading for being a great marketer to upsell me those indicators and useless classes. I watched John Carter's webinar yesterday again and wow, he did absolutely the opposite of what he claimed in the webinar. Besides all the good ideas that he took from Trading in the zone - Mark Douglas, his trading performance is negative this year with a 40% - 50% swing low on the account. The other 1-star reviews pretty much described the situation in SAM subscription service: consistent losing, blown-up account, and frustration every day. They tried to pump up the rating with those 5-star-lazy-bum reviews, smh. Long story short, PLEASE DON'T WASTE your time and hard-earned money on this garbage service. They will take the credits right away and put them on the webinars to lure in new sheep if things go well. Otherwise, they will ignore it and subscribers are the only ones who suffer and lose money. Much worse, they blamed members for being frustrated (due to "lose big and win small" trade alerts) affecting the trader mindset and many people jumped in trade at 1 time and attracted market makers to negate the trade??? Soon he will come up with something new and make it look like it's a recipe of success to upsell you again. John Carter - What a disaster!

My experience with Simpler Trading was MADDENING. After attending several of their webinars, I thought they were a professional firm that cared about their customers and would support them for life. My experience was totally opposite from that. I was in the process of evaluating the VAST amount of different possible product combinations they offer and, in the process, put a product into their shopping cart. While doing so, I encounter a glitch in their system and the order processed WITHOUT MY CONSENT. I received the following email with an invoice immediately after the glitch. ________________________________________________ From: Simpler Trading support(at)simplertrading.com> Sent: Thursday, December 2, 2021 4:41 PM To: Address Removed for Security Subject: Your Simpler Trading Order Confirmation ______________________________________________ I immediately sent an email to their Support desk Advising them about the problem and requesting them to cancel the order and issue a refund. ________________________________________________ From: Address Removed for Security Sent: Thursday, December 2, 2021 4:44 PM To: 'Simpler Trading' support(at)simplertrading.com Subject: RE: Your Simpler Trading Order Confirmation Importance: High Cancel this order immediately! I was trying to load multiple items into one cart when this got pushed through. ________________________________________________ I immediately forwarded my Support email to the sales rep to request assistance. ________________________________________________ From: Address Removed for Security Sent: Thursday, December 2, 2021 5:01 PM To: MySalesRep at Simpler Trading' Subject: FW: Your Simpler Trading Order Confirmation Importance: High Hello , I sent this to Support but want to make sure it gets canceled so we can engage to discuss my investment. TIA…. Peter _______________________________________________ He did not respond to my email request. On Friday, December 3rd at 10:47 am EST I called Simpler Trading contact number 512-266-8659 and reviewed the problem with the agent who answered the phone. I was told he could not help me. I asked to be put through to my sales rep and was told they were all in a sales meeting. I asked to receive a call back and was told that would happen as soon as they ended the meeting. I forwarded my original email to the Support Desk again to try and get a response: _______________________________________________ From: Address Removed for Security Sent: Friday, December 3, 2021 11:07 AM To: 'Simpler Trading' support(at)simplertrading.com Subject: FW: Your Simpler Trading Order Confirmation Importance: High Second send! From: Address Removed for Security Sent: Thursday, December 2, 2021 4:44 PM To: 'Simpler Trading' support(at)simplertrading.com> Subject: RE: Your Simpler Trading Order Confirmation Importance: High Cancel this order immediately! I was trying to load multiple items into one cart when this got pushed through, ________________________________________________ Since I did not receive a return call, I called again at 1:18pm EST and was told no one was available to talk to me. I monitored my email looking for a response and at 3:50pm I called again and was told no one was available to talk to me. Then I followed up with an email to the Director of Sales: ________________________________________________ From:Address Removed for Security Sent: Friday, December 3, 2021 2:10 PM To: Director od Sales - Simpler Trading' Cc: 'Simpler Trading' support(at)simplertrading.com> Subject: Please Stop the Madness Importance: High Hi , Can you help me resolve this today? I sent it to support, fwd to my sales rep, call this morning at 10:47 (everyone in a meeting) Now on hold for 50 minutes. TIA… Peter From: Address Removed for Security Sent: Thursday, December 2, 2021 4:44 PM To: 'Simpler Trading' support(at)simplertrading.com> Subject: RE: Your Simpler Trading Order Confirmation Importance: High Cancel this order immediately! I was trying to load multiple items into one cart when this got pushed through, From: Simpler Trading support(at)simplertrading.com> Sent: Thursday, December 2, 2021 4:41 PM To: Address Removed for Security Subject: Your Simpler Trading Order Confirmation ________________________________________________ I was eventually refused a correction and refund by Director of Sales, my sales rep and everyone I spoke with citing their "Terms of Service" which I DID NOT CONSENT TO DUE TO A WEBSITE COMPUTER GLITCH. I was really disappointed since all the sales solicitations paint a friendly picture that turned DARK in reality. Update note: 1-18-2022 Simpler Trading did finally reach out to correct this issue.

Carter SAM classes a nightmare in 2021 Hi, I studied with Carter for 2 years and bought some indicators. He had excellent performance in 2020, maybe after the crash in March, it was easy to win. But so far, I have been removed in November 1st week to trade options in ThinkorSwim on TD Canada, because my account went below minimum required to trade options, means 20 000 US. We were almost 3 000 to sign on his class in simpler trading ST, I look recently, they lost at least 2/3 and more of the paid 2 000 US$ users. I have to tell that I learned a lot from Carter last year but didn't do so much money as he has done transforming 10K in 40K. was in Asia most of the times. But this year after 7 months Carter's account went from 10k (reset in April) to les than 7K, useless to say that many lost much more and left including a friend of mine. Carter was almost not there in May and June for 3 weeks out, he put a junior one to deal with us not a senior, like H Campbell last year. Almost everything Carter did, markets did the opposite, in theses last 6 months, So I lost 10K. Will wait for Tasty to get here. I referred my friend back to the TastyTrade guys who have incredible training, they are not a marketing company as ST App always send alerts to sale other programs that are extremely annoying !!! Their training is bad, if you really want to learn about exotic options strategies, go to TastyTrade, everything is free !! You will get excellent graphics to understand options and strategy options with many legs like vertical spread, iron condor, butterfly, ST only using TOS to train... Even now Tasty suggest trades, FREE from their AI programs. Risk managements, absent in ST, is really well done explained in TastyTrade I could add more, but dont spend money in simpler trading, go to new platform technology with well scientific and always there traders like Sosnoff, CEO of Tasty, best chance to make profits there and not loosing money in ST. I think Carter lost interest in SAM over the year, my personal thinking and many from those who had signed with him. Will check sometimes if he is improving but I lost my great trust I had with him in the beginning as well as the trust my son, had, who told me about him !

I took the SAM class when it was first launched in April of 2019. I had just started trading and having a smaller account I was looking for some answers. I take responsibility for my losses. I guess I used to be a puppet trader, having put Carter in the pedestal and trusting him blindly. Needless to say my account suffered greatly and then discontinued the service. I have a friend who is still in the service. I told my friend, not to ever take his trades blindly but to run them by me. You see after the Carter fiasco, I found a great mentor and spent 180 hours one on one learning correctly reading charts. My friend still had some time left in his subscription so we decided that we are going to analyze Carters trades. What can I tell you? Carter takes trades with no signals, with no reading charts, with no risk management. What I saw was so bad that I emailed Carter, about one of his blunders, it was an IWM trade not sure if it was long or short but whatever he did the market did the opposite. I got a mocking response that I did not know what I was talking about. I let it go. Carter used to be a great trader but that was in the past. He is a great marketer now and when he gives his classes he gives you great hope that he knows what he is talking about, talks about his million dollar trades while his SAM subscribers are bleeding. He is marketing a new class every week. Some people there in SIMPLER are very good. But stay away from Carter.

Exactly the same here! I have signed up to John Carter’s small account service in April with a small account of 15K and today I’m down to less than 5K Plus the service costs! Unbelievably bad service! He refuses to answer questions regarding as well! He supposed to be one of the best traders out there with million$ trades … etc. ??????? So dissapointed in the service! I don’t know what to think of this! I will have until dec.2. my subscription and will probably loose all my money by then! So for sure not going to renew it and definately not recommend the service to anyone either to losse their hard earned money either.

SAM is a mixture of alerts service, live trading with John Carter once a month, and training to advertise their remodeled indicators. You will be mastery of getting your account a lot SMALLER. It’s simpler gambling. Their trade risk management is max loss, and 70-80% max win. You won’t learn any system that could generate consistent income. Instead, you will constantly hope that the trade alerts would be a homerun to make back your lost. The service is costly and not worth it. My account P/L is down -60% following these alerts in 9 months. Bet you won’t see that on their website. 50/50 chance of coin toss is better than SAM win rate. John Carter puts in the trades using his experience and breaks some of his own trading rules. You won’t clearly get the ideas behind these trades. Everyday you will see members expressing their frustrations in the chat room. Moderators don’t even care what positions SAM account is holding until someone asked questions. They made more money from subscriptions and indicators sales than actual trading. Don’t get too excited after watching their webinars, the reality is not as good as you imagine. I’m very disappointed with the service. After nine months, I lost my confidence in trading thanks to Simpler Trading.