I want to thank FL_Trader for taking the time to write this review. It’s clearly well written and objective which helps me a lot. As a former teacher I know the importance of of assessing my performance week to week, so when I get a thorough evaluation like this one from FL_Trader at Investimonials, you better believe I not only listen, but more importantly refine my service to meet the needs of my subscribers. Quite honestly, some of his critical comments have been on my mind as well.
Professional and focused
I like this guy Jason. He verifies his trades consistently on Profit.ly and has a good winning percentage >60%. He’s professional, mature, and focused unlike some of the other gurus on Profit.ly. He was a former school teacher with a Master’s degree in Education with a passion to teach on Wall Street. He is humble and works hard for his subscribers. He is always punctual and organized. When he started out in Profit.ly, he started to promote his swing trade service and it was really good. His watchlist was very profitable and subscribers were happy. There are approximately 150+ subscribers in this service.
However, something changed recently that worries me. He all of a sudden started offering a day trading service to only a select number of subscribers for $1997/yr with no option for monthly payments. That was a real shocker. Now the swing trading service has slowed down dramatically and the day trading service seems to be more active. It went from quality trading to hyper scalping trash in a couple weeks Now you see good setups being destroyed by these scalpers. They push and pull things around making things unstable. I’m concerned that Jason can’t manage everything in the long run and may end up losing subscribers.
On a typical week, Jason will give you like 15-20 stocks to follow but he will only play like 1-5 of them. He will also pull a rabbit out of his hat occassionally and trade some new stock that was never listed on the watchlist only to watch him fail because nobody was prepared for that stock. All these 15-20 stocks are very profitable setups but I don’t know why he doesn’t play them with conviction and confidence. He also has this bad habit of buying stocks at their highs looking for higher prices. He will send out an alert when stocks are at their highs only to push it higher. Sometimes they work but most of the time they don’t.
I recommend current subscribers not wait for his alerts. They usually are timed poorly. They should play his watchlist independently but buy low and sell at the highs. Use longer term time periods on your charts and be very patient. Don’t chase.
I can only give this service about 4 stars since there are some lingering issues that are concerning.