Phil is not a registered stock broker. So he claims to train you how to trade stocks. When he suggests that you buy a stock he says he will tell you to pull the trigger. This does not happen, he timidly might say "if you want, you could step in with 25 shares and see how it goes. Then he does not say when to add , usually until it is too late and then he blames the members for not adding like the members have all been trained and should have known to add to their positions. How much to add, well Phil cannot tell the member that is up to each personâs risk tolerance. Phil has a unique defense mechanism to protect himself from any responsibility for losing member stock market money. It is not his decision , it is the members they can do whatever they want. So he trains the member like a drill instructor but in the field he lets the member do whatever the member wants, he likes to have it both ways, not his fault. You have to trust the instruments when he flew a helicopter that was the way.
Then when the stock does make money long or short, he starts bragging like the greatest, M Ali in his boxing prime. He does admit that he does not know for sure when to get in, and he does say to use stop loss. If you call or email and he does not like your question, read that as criticism, you are branded a hate mail person, it is never Phil, oh he does admit when he makes a mistake, but he thought he was wrong once, turns out he was not wrong.
His radio show is part pump up the Philâs gang membership drive, and conspiracy theory broken record, Barney Frank or Tim , Geithner, the plunge protection team, the stock market is corrupt, the government is corrupt, there will be a major crash, sometime in the future. Follow XLF and SMH they predict the SPY and the IWM, watch IBM, he follows about 5 stocks and does more after the fact reporting than actual pull the trigger buy or sell short. The stock market goes sideways 60% of the time. Then he spends time with members reviewing their stocks, does a morning and closing market wrap, seems ok with setting a get in price of a stock off a spring board set up, does that regularly and actually does place a price, if he would do that on his charting for when to enter without the spring board, meaning when a stock hits the support level as his PTT1 or PTT2 shows then he would actually make some money. It seems too complicated for him to figure out, the support might be good , but the volume is not , the XLF is ok but the SMH is not or any one of those variables and then if it were easy we would all be rich. So that is what 3 years looks like in the above post.
