yep consistent average 5% per month gets you into top of the line league with virtually unlimited OPM access.
It's logged in brokerage statement, not jpeg file. I'm really good at sniffing out bullshit. Trust me. edit: I was on site , if youre wondering
About 7 years ago or so, just for fun (well also as a weird way to test my trade reporting framework), I've coded a bot to repeat all trades posted by one of such services. Perhaps this story will save readers lots of money, time and frustration. The claim was very similar. Only if you would follow exactly the recommendations you'd be printing money. Even better, it wasn't options but stocks, and with good liquidity. Guy who was running it said he is doubling his money every month and just cashing out, because that's just his preference instead of compounding. There were people in the room posting how much money they made on this of this or that recommendation. Others - how much they could have made only if followed the exact recommendation. There were lots of great testimonials. Success stories. Btw, I picked one of the most "legitimately" looking chat rooms. There at least few other traders on popular forums who were saying they learned from the guru who runs it, and they are themselves became successful with his method. So I did write a "bot" that parsed the chat and would simulate feasible entry and exit accounting for spread at the time etc. Ran it for 3 weeks. There were about 6-15 trades per day. I also captured not only recommendation but the entry and exit prices reported by the service itself on their trades. One thing I can tell you - this is more data than you'd think. Easy for a computer to do all this analysis once automated, but for human trader it would take a while to reproduce that and not always feasible, since they wouldn't see spead at the time and other little things. You can guess a result. Claimed performance for that period was not the best they've ever had, but still +30% or so. Automated following revealed that - not only feasible trades at the time were consistently loosing money, even the trades based of "filled" prices printed in the chat during a day were not the same they were using for PL claculattions later. Discrepancies were minor ans difficult to spot, but they add up real fast with the volume of trades. There were also inconsistencies with reported trade sizes. Just for fun I inquired about little discrepancies I found with a full report provided. Emailed the guy who runned the service. Even apologized in advace not to look like a total dick and said - just trying to follow as closely as possible and get a piece of the pie Response I've got was exceptionally arrogant and about one page long. Basically saying that instead of me doing my homework I'm wasting his time and the world would be a better place without idiots like myself. Does that prove that no service like this is profotable? Certainly no. But it is reasonable to suggest that it might be way harder to spot why it isn't working than most people realize. Even if you are trading it live. Would be easier if you could follow 100% of recommendation but it's not feasible for most subscribers so you end up at a place where no one really knows but every one will brag about their winners and successes. Those who are ungappy will dissapear naturally, likely blamimg lack of discipline on their poor performance. Val
Trade alerts are scams that screw you twice over. First they charge a subscription fee for negative edge. Second they front run both your entry and exit. Free trade alerts in forums, you just get screwed once - on the latter.