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Is Undergroundtrader.com reliable?
- Thread starter TheFinn
- Start date
Quote from Romeo:
If you believe they have over 50 subscribers at $300 a month, I have some prime oceanfront property in Nevada to sell you, and cheap.
You're definitely a shill, and a bad one at that. It's too obvious. They told this guy that the info is confidential, yet you know? What a joke!
Geez, you really have to watch your arse around here.
I know because I tried their free trial and they had well over 50 people in the room, I believe closer to 80 or maybe even more. You can know who is a member and who is just for the free trial since only members have the + sign next to their name (meaning they can chat while free trial people can only watch).
I decided not to join since basically I only wanted to see if there is anything new I can learn from them for my own strategy and if the additional information I get there is worth the $300 a month for a while.
My impression is that there is no way to know what exactly triggers the trades unless you are a full member, and you can't find anywhere the setup of their indicators without being one. I don't know if you want to shell out the first month $300 to learn that the technique they use is not for you. I certainly don't.
In general taking Jay's calls (without knowing anything) would lead to a mild profit (much less than what I do on my own) and it seems that other traders in the room managed to produce better profits (I don't know if they used strictly Jay's methods or not).
The only thing I said in my previous post is that you need to see for your own.
Romeo, try not to call people names before you really know what you are saying. I believe I deserve an apology.
TM Trader
Whatever you do, don't pay attention to the 'daily track record' posted, as there is absolutely no way that those results can be duplicated. No exits are called and the results posted are a 'best case scenario'. For example, suppose Jay calls a buy on XYZ at $26.10. The price goes to $26.25, then pulls back and drops hard below $26.00. Jay will say that members should have taken the $26.25 (+0.15). Now had the price pulled back to $26.15 then took off to $26.60, Jay would say that you shouldn't have got wiggled out at $26.25 and he would say that exit should have been at $26.60. (+0.50). This also works on the losing trades where he will say that a -.10 stop should have been taken if it becomes a big loser. It's a game that some chatrooms play. This is not the case for every trade called but it is done enough times for the posted results to be skewed.
FWIW, I was a member of Jays room a couple of years ago. He has a great feel for the markets and there is definitely a lot you can learn from him if you are a newbie. If you are going to subscribe, do it for the education for a short period of time. Don't do it for the calls.
You should also do a 'search' here for information as his room has been discussed a few times.
FWIW, I was a member of Jays room a couple of years ago. He has a great feel for the markets and there is definitely a lot you can learn from him if you are a newbie. If you are going to subscribe, do it for the education for a short period of time. Don't do it for the calls.
You should also do a 'search' here for information as his room has been discussed a few times.