Robert G.
Impressive Streak of Recommendations
I started evaluating the company's 5K Challenge service in March of 2024. The owners are very transparent and make two spreadsheets available with the results of their trades from 2023 to 2024. The service recommends never to spend more than $500 per trade, and if the trade is marked "lotto/risky" only trade up to $250 per trade. I analyzed those spreadsheets again in October 2024. In 2023 the signals were more aggressive, and the results were double the results of 2024. In some cases, the total at risk exceeded the recommended $500 per trade. This skewed the results of 2023. In 2023, the service recorded a profit of $61k with 67% success ratio in good trades versus bad trades. In 2024, it recorded a profit of $27k with 61% success ratio through 11/8. I joined the service on 10/10. The October 2024 trades from 10/1 to 10/10 were showing a drawdown of approximately $619 in negative trades, not counting trading fees. I believed at the time that probability was on his side if his trading history was to be believed. From 10/10 to 10/31, I followed his recommendations, trading at his signals, and ended the month up $904, including trading fees. They went from a negative $619 to a positive $904. From 11/1 to 11/8, the service generated profits of $862, including trading fees. I recorded his actual trade recommendations, selling at his close recommendation, or at the stop loss when signaled. Issues: 1. He had a few signals where I was unable to make the trades at his entry and exit points because the market moved faster than I could execute them. 2. He had two trades where the closing signal was not issued. I had to close the trades at the end of the day at a loss. 3. It was not possible to verify the closing prices of his previous trades in 2023 and 2024 before I joined the service. He told me that he has clients that bought more contracts than he recommended and these clients are letting "runners run." So, it's not clear from the historic data whether his closing trades are at his signals or the closing trades of those clients that let runners run. 4. You have to pay attention to every trade. You cannot wait for signals and then login and make a trade. In summary, I believe this service sends very good signals. But you have to be diligent and pay attention. Update 2024-11-17: I downloaded the data on 11/16, and $467 in losses disappeared in the trades between 10/1 and 10/4. I cannot explain it. I have two spreadsheets dated 10/9 and 11/17. The original set of data shows more losses than the second set. Also, it looks like they used their closing signals, instead of their trim signals to record trades. When you trim, you are selling part of your position. They did not record those trims, only the closing signals. Therefore, their results are double what my results were when I trimmed as I was told to do. After trading fees, I ended the month positive $904. They ended the month positive, $2,155. That missing $467 in losses is troubling.