Review Time
Theo Trade is great. This Algo product is new to me, but since it's developed by Prof Jeff Bierman, I think it will be worth every penny. And It is exactly suited to the way I trade. I will know for sure before the 90 day guarantee is over, so I will win big or it will cost nothing. How could I pass?
Don Kaufman and Theotrade = Snake Oil Salesmen. If you are considering investing here, you need to run away, fast! He was paid $10,000 to manage my account for life. He then turned my $110,000 options account into a margin call (not enough money left to cover the trades) in only 14 months. 14 months! During that time, the SP 500 is up over 30%. Somehow he has figured out a "system" to lose 90% of my account when every other investor is making money! This guy is a quack and its no wonder he holds no licenses in the US. My Grandma could pick more sound investments than this idiot, and she is dead! Whatever you do, don't let this guy steal your money. You have been warned.
Amazing Team of Traders with Brian Axelrod the "BEST" reversal trader I've seen and a hit rate a cut above ! Having Brian driving the daily chat room is brilliant as he guides all and educates consistently on steps to make to maximize effective trades ! Throw in the other traders I follow like Bronco, Mr. Confluence, Eric, etc and the results are a step above any other day and swing trading platform !
Don Kaufman keeps rolling on with new trading programs, meanwhile he leaves people like me and others run over, bleeding on the side of the road while he gets new passengers. It's really just another Ponzi scheme, a legal one, where Don runs away with all the money in fees to fund his own personal trading. The SEC should look further into "Theo Trade." Don has to be one of the biggest losers in the business for his clients. Don't be fooled by his coffee fueled chat room discourse and knowledge. I'm out with an 84% loss and no remorse from Don or the TheoTrade scam crew.
Entertaining to an extent with numerous Seinfeld quotes, a trade here or there that may or may not work, and lots of hearing about iguanas and how hot Arizona gets. And lots and lots of spam emails pushing the same things repeatedly. There has been such a deluge of emails that it has become hard to separate the wheat from the chaff!Some classes are good for learning about indicators if you are a technical trader. And there are various instructors who have different trading approaches depending on what your preferred style is. Don shows his actual trades and others track them separately. As to performance, I have to say it is quite mixed if you simply go in and replicate the trades that are called. If your portfolio is small, it can be death by a thousand cuts as the hits are bigger than the wins.In the past months, there was a heavy focus to draw people to a conference which seemed to take Don's focus away from the normal updates. But there is lots of marketing (email and phone calls) for numerous other offerings - some of which appear to be a simple bundling of old classes in the archive.
I have over 20 years experience trading and I know that over 90% of all trades are executed using machines so I had some interest in the AI Cog service, which Theo trade promotes as a way to clearly identify when the algos are in control(sounds absolutely amazing right?). This service basically Promotes that they can identify when the algos/machines are in control of a stock, but their results are mediocre at best and not worth their fee. Some of what was promoted was totally misleading, the so-called scanner is nothing more than a list of 30+ stocks. It is nothing that allows you to automate a scan of a wide universe of stocks(very misleading). Regarding their technique of identifying the stocks, they basically look for stocks that are in a channel and going up or down, and they say the algos are in control. They do use the traditional indicators as confirmation however it’s just basic technical analysis and they have a very average success rate. Basically they have been trying to short stocks at breakout levels(or supply zones) hoping they get rejected like IBM, KO, JEF and they were very wrong on all these however they were correct on RBLX(all initiated in mid August 2024, take a look for yourself). Basically if you plot a short term linear regression channel (20day) on your charts you can see these algo channels they talk about, if that is what they are. I keep thinking they will get better and haven’t cancelled my service yet but I will be in September unless they go on a 8 for 10 win streak. This is a bit of an algo scam, lol. Seriously, if you understand supply and demand trading you will do way better and even if you don’t understand technical analysis and are looking for a stock picking service, this service is a waste of your time. The one positive comment I will make is they do stress risk management which is key to trading. There is the possibility that the guy leading it is just a bad trader, but these trade suggestions are obviously just his visual interpretation of what he “says” the algos are doing and has nothing to with how the machines trade. He talks with a super high level of confidence but this is just a show. This system is solely based on trading within the linear regression channel and anticipating the reversals but they aren’t that successful at it. If it was a good AI trading system their success rate would be 70%+ and trust me for the month of August it was no where near that. Gianni’s trade service looks interesting because he is more of a sector trader but just be aware that many of the other guys at Theotrade are perma bears and always talk how the market is over valued and going to crater. Not sure that has served them very well this year. I usually have 4-5 trades open at all times just to give you an idea of what type of trader I am. Theo trade may have other good services, but this is not one of them. Good luck on your trading journey.
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At TheoTrade, we believe every trader deserves a clear path to success...and the right team behind them. That’s why we’ve built one of the largest and most supportive trading communities in the industry.
Our team is led by Don Kaufman, a recognized expert in the trading world and the former Director of Trader Education at TD Ameritrade, where he helped guide over 7 million clients. Don’s leadership, paired with our experienced trading staff, gives you access to decades of real-world insight and proven strategies.
Whether you're new to trading or looking to sharpen your skills, TheoTrade offers comprehensive education across stocks, options, futures, technical analysis, and more. Our live trading chat room is open every market day, providing real-time analysis, support, and community...so you're never trading alone.
We’re not just here to teach trades—we’re here to help you build a lifelong skill set that has the potential to create real financial freedom for you and your family.
Our Proven 3-Step Formula for Trading Success:
Education + Experience = Excellence
At TheoTrade, this isn’t just a formula...it’s the foundation of everything we do.See more
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