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Quantum Trading Technologies
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Trader education program and trading software.
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Con men sell you just what you wish you had, even when they do not have it. That is RJ. He sells some nice and convincing theory of time value of options, and promises you that if you just buy/sell option spreads that he recommends to you and then you exit per his instructions or just before close on expiration date, you will make money. It turns out what the guy actually does is place those option spreads, then once entered, he is pasted on his computer placing a series of adjustment trades. His time value theory is nice, but it would not give profits at all because the spreads he recommends do not have the time differential to yield such profits. Then when you ask him a question he lashes at you strategically to put you on the defensive.
I don’t agree based on my experience.
Dallas, can you give more detail ? maybe a screenshot of your trade ledger ?
same question for M….
i’m about to do a review of an options con man and i’m going to show my trade ledger…
Please tell us your experience. Which program, what you learned, if you profited. All the stuff I am getting are from 12 years ago.
I know Ryan very well, he’s no con man. He’s of high integrity and is brutally honest.
Ask a trading icon like Larry Williams, who opined Ryan’s book, he knows Ryan well.
Ryan doesn’t ‘promise’ anything, that’s a complete misrepresentation.
Lastly, I respectfully disagree with your perception and characterizations on numerous counts in regards to Ryan’s trading approach(s)— Trust me, I fully understand the approach, logic, and the commitment required for long-term trading survival.
Good luck and best regards.
Chad
He has been selling a signal system with a strange option spread based of last year’s Risk Free Projection Weekly Report that was a complete success, Up 4 times in on of the 3 months. Now is there any one reading this that received it, that is in this program, who know of anyone that is affilieated with this new Risk Free Projection type stuff. I would like to know if it is real and can make money.
Apparently, this guy has been prolifically putting out programs for 15 years. But on the other hand he has placed and won some trading contest. I know what to think of him after doing my research. The program sounds great, but what a crazy marketing history this guy has.
I have tracked 4 of his program signals over the last two years, and only one of them made some money (none of them have been making money recently, and if they make money for a few weeks, then the profits tend to quickly disappear shortly thereafter). The guy is a GREAT marketer – but his trading ideas simply don’t work. The Risk Free Projection stuff is an improvement over some of the past ideas – but still is based upon the same basically flawed assumptions, that he has been using for the last few years. I have placed hundreds of trades based upon RJs signals, and have a friend who has done the same – and the both of us quit trading the signals long ago (although, I keep tracking what the results would have been), What is amazing to me, is how sincere and knowledgeable RJs marketing presentations sound, even AFTER you know all of the flaws, misrepresentations, and bad data that is involved. RJs signals are BEARISH just about ALL of the time (but he never admits to that). Losses are blamed upon “crazy market conditions.” It used to be, that RJ honored the promises associated with his programs – but,even that seems to have changed. Lastly, RJs trading, uses up LOTS of $$$ in trading commissions, which he never factors into the mix. Even if you trade through IB with the lowest commissions around – you will be spending many hundreds of dollars on commissions over the course of a year. IF you make $50 on one of his many legged trades – you shall end up spending around $20 of that on commissions. There is lots of time and effort involved in placing many legged trades – and then attempting to adjust those trades before expiration (even if you are just following along with the signals). Exiting can be a nightmare (sooo many legs) – which would only be worthwhile, if you were making a decent profit. And yup, I have sunk plenty of $$$ into RJs programs, and am now very clear on what option trading ideas do NOT create any sort of consistent profits, and why. Also – YUP, I WISH that I could rave about my trading results, and heap lots of praise upon the programs I have purchased . I would much prefer to post positive things about a person and their trading ideas.
“Risk Free Projection” is a completely misleading titled concept. You are better off to think of that name as a catchy title for what amounts to placing a preliminary trade under aberrant conditions where you are able to bring in enough credit on a diagonal trade that you will not lose money if the hedge further time out option does not lose a “projected amount of value”. Or you can augment the trade once it is making money by putting on additional parts to the trade thereby improving its possibilities. It is all about gaming price movement, which Ryan Jones seems to downplay as rationale for putting on a trade in the first instance.
There is ZERO intent to mislead, with “Risk Free Projection”. It is a factual and truthfully titled concept, it’s a ‘projection’, or a “possibility”… not a guarantee of anything. All of this is fully and completely explained and disclosed in great detail. No options pricing model on the planet is 100% accurate, but when it displays as ‘risk-free’, it can and should ONLY be approached as a “projection”, which is 100% truthful. Obviously, markets move and time passes, so you attempt to make enhancements along the way, to get it back to an RFP. Also, when volatility gets pulled out of the options, it can negatively effect the long calls as an example. The key is understanding how to combine and add a complimentary trade by playing around with different contracts and position size of various legs etc…
Take care,
Chad
Here’s how to build trades, enjoy.
https://www.youtube.com/watch?v=FuvD-c3BpcU
The real issue is not his reputation. The question is does what he sell make profits. From Ben’s response earlier it seems that it does not really make a profit. I am in another of his programs no offered to the general public. It is up less than 10% over 10 years.
Full disclosure, I work with Ryan Jones on joint venture projects and business development initiatives within the trading world. Lastly, I’ve met, talked to and trained 1000’s of traders face-to-face. I use to trade all the time, on a professional level. It was tough. It was challenging, but I loved it. I had to mess up allot, and fast, to learn lessons. I’m a part-time trader now, and former RIA as well. My point, I do not know everything about trading, never will, but I do have a fairly strong grasp on the topic of trading and the markets.
Confession, Ryan told me to ignore this review site and move on, but my pride got the best of me…
First off, I respect all people’s viewpoints and experiences, but I would caution folks to tread lightly with online review sites and do your own due diligence on top of that, because you just might miss something of great value that others missed or overlooked. Kinda like Rotten Tomato movie reviews, when they say it sucks, often times it can be good. And when they give great reviews, it can totally suck. They don’t make movies like they use to, not sure if you’ve noticed, but that’s beyond the scope of this conversation.
Back on topic…also, always always be skeptical of marketing tactics, even with Ryan’s stuff. Don’t trust anything, if you do decide to leap, start small and make sure absolutely that you follow the rules and understand ALL the risks involved.
That said…
Ryan is a great trader and educator, his stuff (which is centered first and foremost, around understanding risk and what ’causes’ those risks) works well over the long run, ‘if’ you stick with it and focus on ‘proper’ trade size. You should not get killed, if you follow the rules and plan, but there are no guarantees. Trading is about SURVIVAL, no strategy on the planet makes money every week, month, quarter or year. You have to implement multiple strategies (and research and work to adapt new strategies) that take advantage of current conditions, to smooth out the drawdowns and ‘stuck’ in flat periods of other strategies. And the KEY is understanding proper position sizing, when to increase, when to decrease, by how much and why. Most novice traders do not understand the ‘process’ of trading, and the long term plan and commitment that’s required. The focus on ‘now’ results.
By the way, here’s a few testimonials from real traders at a live training workshop w/ Ryan: (scroll halfway down page to watch): http://missionmilliontrading.com/
Experience and wisdom has taught Ryan to not get drawn in to commenting on review sites, for every 1 poor review, there’s 10 positive reviews in-house. I get it, us traders are very fickle creatures; we don’t listen, we flip-flop the rules at times, we hesitate, we cherry pick, we blame others or something else etc etc etc; we are human emotional beings.
Nonetheless, Ryan actually just created a video blog on trading truth’s, addressing much of the MISINFORMATION that’s out there…additionally, trading with probabilities in your favor, understanding ‘projected’ risks, understanding LONG TERM ‘expectations’ and LONG TERM-‘commitment’…In the future, Ryan will cover many Truth’s About Trading, a few reasons why 85% – 95% of all traders lose…and you might be surprised at what he has to say about it.:
https://www.youtube.com/watch?v=ngzqJwlEx1s&feature=youtu.be
I’ll leave you with this, trading is one of the hardest professions on the planet. Find something that fits your style and personality. Trade small, survive, and compound your profits over the YEARS. Plan like any business owner would, manage risk, stick with it and adapt over years of commitment. Think long-term, and minimize being short-sighted in your trading results and expectations. If you don’t, my advice is to quit now, while you’re still ahead. Life’s too short, do something else.
Remember, who YOU are as a person, is who YOU are as a trader. We all have bad habits , YOU gotta overcome these self-destructive trading tendencies, or YOU’LL struggle more often than not. The point is, YOU have to acknowledge them, and fix them as best YOU can…which is another topic for another day.
Take care, and best wishes on YOUR trading journey.
Chad
Kind words for an individual that says you can take $5000 and make millions in a few years. Ryan Jones took in $3000 each from a large group of traders, promising they would have the opportunity to continue trading that money with his assistance and guidance until they got back what they paid and that it was likely to happen in 6 months or less. The program fell apart. Only about 10% of the teams even generated a profit Nobody got back their money as he made probably well over $100,000. That sucks worse than an 8 year old who hasn’t been weaned from his mother’s breasts!
On your 2 points…
First—The compounding plan is a goal, not a guarantee. The $5k to $1MM, not Million(S) in 5 years is based on realistic math, and proper compounding. It’s centered around the key component of max risk exposure, then you build the position sizing plan based on account equity increase/decrease…Assuming the max risk exposure is less than $125 in this example, the long-term plan can work, you don’t need to make a killing… you only need to ‘average’ a small weekly profit ($60) to compound your profits. I use it successfully to this day, along with many other traders. Why I like it is, it helps me when I get stuck for months in a draw-down, it limits my hit, so I have to work less to achieve high hurdle equity peaks.
Secondly—In regards to the $3k program with a small team of traders, I helped brainstorm that program. So I understand it. What an admin nightmare! ‘Many’ teams did not follow the rules. Some went totally off the rails. It was a mess.
Ryan was considering to shut it down, it got shut down by IB before that, more on that later. You’ll get made whole, per Ryan’s promise. Read my response to your longer post below.
Thanks man,
Chad
Chad, you are a pathetic excuse of a shill. I won’t call Ryan a con artist, but he’s close. Slick marketing, making money selling, NOT helping others make money.
DO NOT FALL FOR RYAN JONES’ PayDay Stocks HYPE!!!
I signed up for a program where he set up groups of 3 or 4, about 12 teams, I think. Each was assigned a certain way of trading, which he suggested would all have equal chance of winning if they just consistently followed the trade criteria for their assigned approach. Out of the ~$3000 each provided , we were given a team account of $5000 with IB to trade as a team. IB later shut down the team trading. We were all guaranteed that if we did not make enough on the trading to each recover our $3000, we could continue trading the account with his “help” until we all made our money back. His apparent intent was to prove any group that followed his trading variations would have a reasonable opportunity to quadruple the account in 6 months.
All of the variations of his trading method were simply options, selling diagonal spreads, mainly SPY or IWM, seeking to take advantage of a small daily theta decay advantage of expiring week options against a longer option further out. The variations simply designated where you collected a credit, either ITM, ATM or OTM or used calls or puts.
In establishing the trade, a credit is received, and the trade is dependent on various moves which avoid a high probability close in a “dead zone” where a loss will occur. Given the right market conditions, you win. Compound aggressively, and “ding, ding, ding…. you are a millionaire in a few years!” The whole concept is dependent on what he calls, “Time Warp,” where IF THERE IS NO ADVERSE PRICE OR VOLATILITY MOVEMENT, technically the amount of theta decay on a one week out option will exceed the corresponding decay on a two week to expiration option.
When IB shut down the accounts, no refunds were given. He stated he would trade an account using our combined account values for all of us to be paid back the money we paid in.
That’s been six months or more, and in that time, he has failed to make enough money to even pay back two of the traders. Most of his advertising touts what amounts to a couple of “lucky periods” of trading where he supposedly tripled his small account values in 90 days. The rest of his advertising is how “anyone” can do the same with huge compounded growth. Of the teams that started with the accounts, very few made money, and only one had about 20% return after the six months challenge period.
I feel he was completely dishonorable in honoring the guarantee, and made no reasonable attempts at restitution. He kept the money and under the pretense of being able to trade his method effectively, he has enriched himself, while providing nothing back to anyone. He keeps talking about his success with his methods, but the traders under his programs have apparently all failed to achieve anywhere close to what he says is a reasonable goal.
I suspect that IB shut him down because they saw legal issues with his team accounts. The accounts were in his name, but each team had a designated trader. That trader was prohibited from contacting IB about trading issues.
Bottom line is none of the trading teams made even ~10% of what he claimed was a realistic goal. Almost all of the teams lost money. Keep in mind, with a 4 member team, $7000 of $12000 (times at least 10 teams)
was pocketed up front by him. If he was compounding that amount using his own methods at a rate he felt was reasonably achievable, he was able to make several millions of dollars in the time since we paid him. Any decent individual would find a way to honor the guarantee.
To continue the conversation…
I spoke to the head of oversight within Ryan’s organization to confirm, they said it was a complete administrative nightmare to manage, you have no clue how much of disaster. Several teams totally did not follow the trading rules or plan, they acted like complete gamblers, and some almost blew out the accounts. Some made HUGE order execution mistakes and errors.
Several of them fell into this aforementioned category. Most simply wouldn’t follow the trading rules Ryan laid out.
The ones that followed the rules were the ones making a profit. But most accounts had lost thousands by the time Ryan consolidated.
The current status is that Ryan is still trading the big account until there is enough gain made to pay back all the still active members of Extravaganza.
Someone did not listen and follow further directions, to go direct to Ryan and his team, since ‘they’ did not own the accounts. Someone had an trade issue and reported it to IB. Except they weren’t authorized and IB suspended the accounts since they were grouped together. When Ryan called them, things escalated and the accounts were closed, and liquidated positions. It was a mess.
Man o man, I feel your pain, Ryan will honor his commitment. He ALWAY’s does.
Take care and all the best,
Chad
Chad, you are completely right. He set up a disaster. And if you go back to his rules, his entire intent was for us to learn for ourselves how to trade. In his opening sales pitch, he said bluntly that even if we blew out our account, we were assured we would be allowed to continue to trade the account until we made our money back.
My team followed the rules. We had the biggest gains at one point, and we had the largest losses at another. One of the approved procedures was putting on different trades within the same week, using different expirations and following his criteria on each. We were approaching the effort in the spirit of “learning” and following his invocation, put on trades following his chant that if we just put on the trades, the odds were we would make money from the difference in the “Time Warp” speed of theta decay. After we were in the program, continued lessons described how we could take advantage of price movement by selling deeper ITM options. What happened is that he warned us about possible volatility during the presidential election, and we believed we had a trade set up with one expiration for if the market went up and one expiration for if it went down.
Keep in mind, we were encouraged to trade to learn. What happened is the one side of the trade for going down “would have been profitable” except for an unfamiliar event… going down overnight, when we couldn’t exit and close for a profit, and on the return up, closing in the dead zone for a double loss.
We were right on both directions, but not right on the rapidity and trap of the move. It happened in hours when we couldn’t trade or take advantage of advantageous moves. We were a highly active team that conversed regularly and spent a lot of effort trying to ensure that everything was within Ryan’s dictates… as he said, “just follow the rules and you’ll make money.”
I love the company line, “Ryan is still trading the big account until there is enough gain made to pay back all the still active members of Extravaganza”. The “Extravaganza” was by his declaration over. He apparently is using some wild justification that he does not intend to pay back members that he doesn’t consider active in a program that is shut down!
There is a simple spreadsheet of his trades, and since the beginning of last October, the account has gone up and down. It hit $6064 and is now $5716. And yet he has the gaul to put out a solicitation for students saying they can start with an account under 10% of what he is supposedly trading with to make millions. (Those details aren’t provided, but since the worst performing account apparently had over $3000 available, and there were several teams with “profits”, although not enough to collect any of their entry costs back as promised, he’s got to be working with over $50,000.)
Ryan starts with the premise that the market “historically” moves over about a standard deviation only occur a limited percent of the time. Simple tautology. Then if you apply the principle of a penny doubled daily for 30 days is worth $5,368,709.12, then you should be able to turn $5000 into $5,000,000 with compounded weekly trades in just a few years, throwing in a few losses.
How’s that going for Ryan’s “pay back account”? Not so good.
I don’t know who pulled the wrong Jenga block, but I can tell you from experience Ryan is a master at off-putting questions during the Q&A by telling the person to send his staff an email which they will ensure gets to him, which he can take weeks to respond to. If a person has trading issues, they may have a real need to resolve it quickly, and direct contact with the broker likely felt imperative. I can’t help but think that Ryan’s set up with IB probably had someone there very concerned about brokerage regulations and the their relationship with clients using them.
Ryan promised something he couldn’t fulfill. His experiment to show everyone how good his theories were at making a 100 people $3000 each in 6 months using a $5000 account for four team members was a total flop. His disclosure of the facts of that failure are kind of missing in his most recent solicitation, even if he wanted to throw in his excuses.
You can’t say he always “honors his commitment” when he clearly hasn’t. He just changed his commitment to protect himself. And he can’t claim a single winner from the Extravaganza experiment promise that he claimed paying $3000 for made the course a “no brainer”. I think he may have even said, “you can tell your wife that it is a no-brainer,” because I seem to remember looking right at her at that point when I played the presentation for her.
How has Ryan’s commitment worked out for me? Not so good.
I’d recommend contacting customer support, they’re good people, and will bend over backwards to help anyone. My understanding (after the administrative nightmare debacle) is they’ve given, free of charge, a lot of additional value in the way of video training’s, signal program’s, and additional product access benefits… Ask them about getting access to TradePartner software, it’s awesome.
Take care.
Chad
Chad, you seem to be doing a great job of defending him. Have you actually used any of his programs and made money? Great talk but put put money behind it.
Chad is a shill for RJ. Maybe it IS RJ
Dear havelife,
I have a month looking @ different option trading teaching services and looks like all of them are money generating machines for their own pockets. Is there anything you can recommend me to take a look at?
Thank you very much.
Joe, I would suggest you spend some time getting a good feel for what is freely available on Youtube.com. You are already way ahead of the game because you are looking at what StockGumshoe.com provides
.
Beyond that, you may want to satisfy your continuing desire for knowledge, and understand that knowledge is not necessarily equivalent to making money trading. There are certain relationships in trading that are directly based on probabilities. I would think a good understanding of your own desire of what to trade is one of the hardest concepts to wrap your mind around. Stocks or options? Don’t care, just want to make money? Perhaps like me, you may just want to understand how people make money, with the hope that can be learned and used.
To get a clearer idea of how probabilities come together, you would want to understand the concept of risk, what the odds of a trade are, how many trades would have to work out for the probabilities actual can work out, etc. I’d review everything TheoTrade has posted on Youtube.com. Eventually you may even want to sign up for one of his programs because of the huge data base of classes available on his site (Don Kaufman, formerly head instructor for ThinkorSwim, and had a hand in designing a lot of the TOS software functions.) Occasionally TheoTrade has an education program which if you sign up for, they assist you in possible better commission structure at TOS and a rich selection of trading issue classes in an archive which is freely available with the class.
Then there are a host of other ideas. I like going to Dan Sheridan’s Youtube posts simply because he talks about how to design a plan and approach to trade for a target sum. If you want to know how to trade a $5000 account to make possibly $15,000 in a year, how would you structure your business… what would your trades look like… how much would you have to bring in per trade… what would you do? Do you want to hold positions for a while, swing with movements in the market, or daytrade… find a presenter who talks about it.
I’ve spent a lot of money chasing dreams. I am about to the point where if I get a solicitation in my email, I learn about as much as I can about how that individual’s program trades before I decide if I will get it.
When you get overwhelmed by the hype, always come back to Gumshoe for a dose of reality. Any time things look too good to be true, Travis is exceptional at ferreting out the facts.
Dear havalife,
Thank you very much for such a great advice without even knowing me. Thank you very much for your time, without any interest. I always liked the market but until now, didn’t have the time to dedicate to it. I day traded part time while running my business and realized that if I would trade, I must focus, study and dedicate the time. Like you, I had lost money already chasing dreams, but now I’m in the same page now, skeptical. I’m pretty sure that eventually I’ll learn the strategies to trade options with minimal risk.
My plan now is to keep studying some very interesting sites I’d found. Options Animal & Dr. Duke ( you tube) among others. I think would be good to have a group of people like us that can share experiences that enrich the group. 2 heads think more than only one. You can reach me on jpc@coqui.net.
Again, Thank you very much.
HI — I see this thread mentions Think or Swim and its software. TOS is now part of TD Ameritrade, I believe. Interactive Brokers — recommended by everyone, but their minimum account size is too high for many. I’ve had lots of options accounts over the years, always looking for the lowest commission structure. Recently was pointed to Tastyworks. Their trading platform is a little difficult compared to others I’ve used, but service is excellent, execution is as fast as it gets, and commissions are almost zero. That can make all the difference between making money and blowing up your account — I used to trade commodities where the round trip charge was $20. Way too much! Check out Tastyworks, and yes, having Stock Gumshoe is worth big bucks!!!!!
Thanks all for the education.
I looked at OptionAnimals and pre StockGumShoe (I saw one review) they are the bees knees…
From my experience, they are a powerful sales force (they only teach options trading – they do not have a trading platform and are not broker…)
I would like to know others’ opinions about them
As far as I can attest (a total beginner as I am) AMTD has a very nice training program (aside of TOS) as well as great support (they are good enough to help me out…)
Joe, I would second the opinion that TheoTrade is one of the few/only outfits with integrity and actual ideas that WORK. Their overall membership (access to more stuff than you can begin to appreciate) is $99 a month and I can honestly say it pays for itself immediately and many times over. There is a mind boggling amount of info archived at the website. There is open communication with other traders, as well as the 7 or 8 administrators who are all seasoned traders/educators. There is no hype, no false promises, no BS. It’s like an ongoing college program for trading. As mentioned, they have a lot of (free) YouTube videos as well, to check out what they do.
Julie,
Are you still happy with TheoTrade? I paid for the classes on options trading 101. I believe it was only $7, and it does provide a lot of quality instructional info. I’m considering paying for more training.
Theotrade and tasty trade, as far as I can tell, are the only honest AND knowledgeable ones out there. Not sure what your reference to a $7 class is, but it wasn’t Theo or Tasty.
Joe
No clue your experience and background…
There’s several. Most don’t trade, but are good at ‘theory’.
There’s about two dozen questions that you’d need to answer first.
I’ve met 1,000’s of traders, managed and allocated millions and worked on an institutional trade desk. One thing I can tell you, I’ve never met 2 traders that are exactly alike.
Read these 3 pieces first , Peter’s a good guy and 5 decades of trading wisdom, then I’ll help you…if you want.
Trading Expectations – The enemy of traders:
https://www.peterlbrandt.com/trading-expectations-enemy-traders/
Most Long-Term Profitable Traders are Under Water Most of the Time – (Trading Drawdowns):
https://www.peterlbrandt.com/trading-drawdown/
A Brief Introduction to Probability Theory and the Random Distribution of Results
Understanding the Concept of Sequencing in a Trading Operation:
https://www.peterlbrandt.com/wp-content/uploads/2018/01/A-Brief-Introduction-to-Probability-Theory-and-the-Random-Distribution-of-Results-Understanding-the-Concept-of-Sequencing-in-a-Trading-Operation-April-2014.pdf
Lastly, watch this video from another veteran bank trader, Nick Radge:
https://www.youtube.com/watch?v=ew1L6SLpHgM&t=1903s
Then tell me the reality and truth’s you learned about trading, what you are looking for…and if trading is really truly for you (if you’ve never traded successfully long term) …then I’l point you where you may need to go, again if you want some free advice.
Good luck man.
Chad
Havalife, I was on one of the three teams that was profitable at some time during the contest. We had weekly team meetings, went over our trades and planned the next week’s moves.
What a disaster. The market moves made adjustments and making consistent dollars impossible. Our team broke up and never a word from Ryan and his staff.
At the time, he was recruiting people to his team that were knowledgeable and successful with the program. Obviously he needed help in the customer service area and still does.
Ryan’s program is one of the least expensive and not any better of worse than most.
Like you, I here nothing but crickets on the return of our money.
BS; my account is doing better now without flowing his trades despite market going through high volatility; they over promise and UNDER deliver. it is just scam
Chad – you area a complete and absolute charlatan. Have followed your trading for years – and you lie about everything – absolutely. IT was completely your fault that your team trading nonsense fell apart – you weren’t even paying attention as you were working on creating your next big scam -TP! You didn’t fulfill the promises made – wouldn’t supply the list of winning team trades, and you were a rude jerk on top of it. Have pages of tables listing your trade signals through time – ALL of your trading signals became losers through time…. and I figure that you are completely incapable trading profitably. At best what you could do -was lose money slowly (tracked it for years). ALL of your charts are complete fakes and the actual positions collapse in price right before expiration. You attach cute names to everything … and market the theta of options as if it were your invention (PPD). I could go on and on – and sure is too bad that there is NO justice for folks who are scammed by you. “CHAD” is yet another lie …. as it is you – the con man himself who posts under a false name. The one thing I can say for “CHAD” is that he is a VERY VERY accomplished liar . And nope …. he does NOT honor his commitments – and as a result a bunch of us are out a thousand dollars (he obviously doesn’t have a conscience). I sure hope that justice catches up to you someday .
I developed a system similar to Quantum about a year ago so I was surprised when I heard his presentation. My performance over the past year has been good but not phenomenal. Because I withdraw $1,000 per month my trading account stays small (about $4,000) but 300% per year sure is better than a bank savings account. I expect RJ does much better but I did not join because I am 90 years old and too soon old and too late smart.
Hi Paul, any way to communicate with you about your own approach? Sounds like it works consistently for you.
These guys sell worthless information. Extremely unresponsive to customers. After you pay, they are done with you.
One Star is too generous. Can I please score this service with negative stars because that’s what happens to your account if you trade his signals! While it is true that Quantum Trading makes no promises and offers no guarantees, his marketing way over blows potential profits (Turn $5,000 into $1,000,000 in Five Years or Less!). Hogwash! The results of his actual trading signals bear this out. It may not be a scam by the pure definition, but you should keep your money in your pocket. “Move along, there’s nothing to see here.” Oh, and by the way, “Chad” is an obvious shill.
Ryan Jones is at it again. Let’s start with his own bottom line, after saying it is essential that you must be “All In”, he makes crystal clear in bold summary, “Absolutely No Guarantees”!
Honestly, the trade of the year would be to buy Ryan Jones’ program for what it’s worth, and sell it for what he thinks it is worth. It is incredible to think that after hundreds of students, he found one … only one… that he apparently can assert as a display of his teaching prowess.
Now as an example of a completely ludicrous claim, get this: He harkens back to his early trading career, over 20 years ago when he won a trading contest. He then goes on to point out that he has never worked that success into a trading course. Yet, he intends in September of 2019, 12 months into a planned 17 month program, to disclose this essential trading information… and the value of that class is magically worth $2997!
Seriously, he claims that outdated information, that nobody has had a chance in twenty years to apply and confirm its current viability, is worth the same value as the entire class he is now selling.
He is rationalizing that what he is now selling for $2997 has a value of, get this, over $40,000! This is pretty much described by him as essentially his “last Hurrah!” sale dump of his cumulated trading knowledge as he schedules leaving the trading business. Yeah… he’s leaving in 2020, will be devoted passing on his knowledge, and wants students to “pony up” now. He apparent just opened up a fund to trade his wonderfully successful programs.
I couldn’t make this up. This is a guy who had a trading program (Time Warp Extravaganza) where 100% of the traders failed to get any of the return he promised using one of his favorite terms, “a NO BRAINER”. Literally, in a program that violated multiple trading principles I later detected he espouses, he took over the trading accounts of all the students, stating he was going to trade it to profitably get the money all the students failed to get. In doing so, he apparently has only brought in less than 10% of the returns brought in by one of his former students he uses as an example of how good he is at this. None of us got our money back.
He apparently can’t do what “ONE of his students” did…one, out of hundreds. In statistics, that is called an “out-lier” event. A common con game by stock trading gurus was described in one trading book as sending out opposite trades to halves of the followers. Then you have a pool of half who become more devoted followers. With this effort, Ryan is putting out 5 or more trading systems, with more to come. Somewhere, somehow, somebody will get lucky! If it’s not you, you just made a bad choice out of your options.
Honestly, he is a master at spouting highly hyped assertions of how valuable his information is while ensuring that he immediately excuses away ALL of his promises with, “No Guarantee”, “this is trading”, or his description of trading risks. Apparently, as long as he puts the right disclaimer in, no holds are barred on “pie in the sky” promises.
I have subscribed and purchased all his stuff the last 3 years and have lost money. I think what happened was Ryan had a lucky streak one time briefly and he thought and maybe still believes his stuff works when in fact it does not. He also makes promises that he does not come through on. I invested in several things he completed only about 80 percent of and then he moved on to something else. His latest plan now is to sell enough of his stuff that really does not work at a high enough cost to enough subscribers so that he can fund a comfortable retirement for himself.
I guess I am one of the lucky ones who spent only a few hundred bucks on Ryan’s program (shortly before he announced of his new move – out of options trading with one last big Hurrah that I am glad I did not fall for…)
Thanks everyone for the great education…
I think Ryan Jones stratgies are great I’ve made my money back in a few trades, I have lost son some trades but nowhere does Ryan say that you will win all the time. He actually says there are times where you could lose many times in a row, but his strategies teach that your losses are capped and the odds are in your favour and it’s up to you how much risk YOU want to take on. If you lose and you lose the amount of money that the max loss or less that the set up says then the trade worked as planned because to execure the trade you have agreed that you are ok with losing that max loss. Also to add if you follow and lesson to Ryan enough you’ll see that the proof is in the Pay off graph. It’s more about putting the odds in your favour and Ryans Strategy seem to do that very well I must say. I’m looking more into the 1,2 super punch and the payoff graphs will tell you absolutes, no questions this is what could happen which is why I think Ryans strategies are great!
Just keep trading those strategies and watch your money disappear!
I have and the majority of Gumshoes stocks are doing just fine, for me and my many watchlists. Even bet on some… Now winning & rising with my eye on the huge overvalued stocks. These are the forebearers to the ultimate economic crash a coming or a revaluation. Historically, Wall Street Crashes have been Due, to Finacial DEREGULATION. Republicans have been ending in Depressions or Recessions after each of their tours since 1893. Why should we change now? Ever notice how like in 2007, active traders are tabling their monies? Wait & see to how much of a financial failure are they now about to … Embrace.
Is that you again CHAD ?
Please allow me to point out that several comments were posted by “Chad” who suggested a rather “close” relationship with Ryan Jones. I just ran across a webpage that is likely signed by this individual in an apparent administrative capacity for Quantum Trading Technologies. If so, he is taking advantage of the readers of this community in trying to mute the voices of the victims. He is attempting give credibility to something in which Ryan Jones in a major program to prove his method, supposedly would train 100 traders how to trade for life, flopped. Flopped like a “forgot my parachute” blind leap face-plant off El Capitan. Chad likely has a financial interest in what he is telling you.
E.g., see the signature on:
http://www.mail-marketgauge.com/archive/mgm_master/Options-traders-youve-been-lied-to-4759.html
https://groups.google.com/forum/#!topic/brothermikegoestenkors10/wo5L8AesjrU
Holy crap! He signed his name to a solicitation that uses the tag line, “Subject: Options traders, you’ve been lied to.”
This is so much like a political candidate who barked, “You’re the [Russian] puppet!” during the campaign and later gets investigated by the FBI to find out if he is a puppet. The “lied to” in the solicitation is subtle, more like hiding facts. Hint… it was apparently a 90 day contest, and you are only told what happened by day 72. Could it be something catastrophic happened after that?
Let me do a simple analogy. Jones is like a map salesman in Oklahoma selling grossly inflated products to traders who are seeking financial security. He finds and solicits individuals who are seekers of wealth, shades the dark side of his qualifications, and tells them of the shiny mountains in “the West” and the simple ways to become rich. He puts fancy words into his spiels, like “Time Warp”, and “1-2 Super Punch”, and “Risk Free Projections” that tickle the belief that his maps can rocket you to wealth! Oh, sure, he tells you “there are risks”, but my maps are the way! Despite his assertions that you need this map because “others aren’t telling you this”, there are tons of educators from free resources on the web! Despite this map-hawker’s assertions, you can find out plenty about Calendars, Diagonals, Back-spreads, and hedge “way out of the money” options, putting them together in any combination you want. (He actually ends up telling that it is your responsibility to decide what you want to do based on what you think the market is going to do.) It’s all about buying and selling puts and calls.
One of his most recent gambits was to sell his entire life’s trading program collection to a limited number of people so he could guide them over the next two years. Said he was getting out of the business. Said that he was going to include in 2019 basically a “map of what he did about 20 years ago”, and put its value at ~$40,000. Then right after that program participation window was closed, he started in selling parts of the program… his “Power 1-2 Punch” or choose if you want to use the “Super 1-2 Punch”! Wow… Need information on his “map”? Type up a question during a live seminar and he’ll tell you to send him an email and he will direct his staff to ensure he gets it. Then you might hear back from him several weeks later. (Speed is not essential in his little pocket of the trading education business, unless it involves you sending him payment! Then you’ll get daily, even multiple emails telling you “Time is running out!”)
Isn’t it amazing how much this guy gets away with?! I keep hoping that someday someone is going to come along and take him and his scams down. I have a bunch of excel tables showing his signal results over the past few years. I don’t have a clue why anyone on the planet would trade ANY of his signals after having seen the results after a few weeks (beyond dismal). He keeps claiming that his methods shall double your account in a short amount of time -but what they really do is HALVE your account instead. I DO wonder how many lies that man has told over the last few years – because just about NONE of what he claims is true IS…. and for sure he doesn’t follow through on what has been promised.
I am dead sure that CHAD is Jones – sounds just like him – has the same lack of taking responsibility in his explanations . and only Jones would be upset about the negative reviews for his programs (funny how he is ok with scamming people but NOT ok with negative reviews). I just checked one of his webpages for testimonials and figure that ALL of the ones listed are made up. If someone is trading Jones signals or strategies, then for sure they aren’t making money over the long term. I just wish that there was a way to warn all folks who are interested in trading to steer clear of the guy.
BTW -He only seems to be able to make money trading, when no one is watching. If he ever shows real time results for his trades, then he eventually stops showing the results after the “account” takes several bad hits.
Thanks for posting havalife!
Glad I read these reviews because I got an email in my inbox with his yet another promotion, after he’d said he was closing down his business forever not too long ago. “LAST chance”. Anybody has actual results of the 1-2 super punch strategy or the Time Warp. And how do you get to a 100,000 in 5 years by making only $10 a week and compounding it? That’s what got my attention.
it is a BS program; do not fall for the scam. most of trade recommended within the past year that I took from this service were loser; it is just a scam
Gentlepeople, I bought some of Mr. Jones Time Warp and other instructional material. He tries to teach a fairly complex option strategy with a lot of moving parts (time decay and volatility) by ignoring greeks and focusing on extrinsic vs. intrinsic value ONLY in attempts to simplify, but therefore ignores important components of risk. It would be fine if it worked, but apparently it does not. It seems like the air leaks out of his positions because of positive vega (long volatility), which means if implied volatility goes down on the further out in time options, you’re hosed. His PPD assums constant volatility. Bad assumption. It’s also bad to assume an average per day since time decay is much greater with lower DTE, but so is gamma (velocity of delta, which is itself a velocity of price). There are ways to hedge vega by adding vertical spreads (negative vega counteracts positive vega) or plain single option long or short positions, but then margin can tie up a lot of capital. I don’t think he talks about that. Over the years I’ve seen him talk about a fading variation on pyramiding (Jesse Livermore and others did the latter) or fractional money management (optimal f?), but most people can’t handle huge drawdowns so anyone pitching a system should talk about maximum drawdown or the ulcer index. His credit diagonals aren’t bad strategies- but then nor are ratio butterflies. However, you need to first stress test them sweeping through very high and very low volatility conditions. Then test it out in something like thinkorswim’OnDemand back in time feature, during known high and low volatility market conditions. Then repeat in real-time in a paper trading account to see how normal market changes affect the price. Trusting this guy with real money is probably not advisable at this juncture. Maybe check out Aeromir, Dan Sheridan, OptionVue, JL Lord, or John Locke. They all seem to trade real money and understand risk enough to not blow up accounts.
HE is scamming people by over promising and under delivering; I lost in almost every trade he has recommended since March of this year.
I have to say I have looked closely at a lot of Ryan’s latest stuff. I do like his money management info, however all his latest trading ideas are based on calendar spreads and he uses tools on the interactive brokers trading platform that are very deceiving. The tools show p/l chart snapshots of various combinations of calendar spreads that often look wonderful but the tool only shows what might happen if everything remained exactly the same including price and volatility. That’s the deception. The problem is those trades can change wildly with the smallest variation of volatility. Volatility often moves more than price on a day to day basis and that is what is not shown. The effect of those changes. When the volatility changes just slightly, it can work wildly against the trade that looked so good just the day before using the IB tool so be very aware.
Thank you in advance for allowing this post…
Here’s what traders are saying after attending a live trading workshop with Ryan Jones in Dallas, TX:
https://m.youtube.com/watch?feature=youtu.be&v=G-t55mga6mk
Here’s what traders are saying after attending an live trading workshop with Ryan Jones in Atlanta, GA:
https://m.youtube.com/watch?feature=youtu.be&v=0Hj8TumDVzU
Here’s Ryan Jones presenting his opening session at a live workshop:
https://m.youtube.com/watch?v=CiKvzXZDOhk
Here’s Ryan Jones explaining the process of building out a trade “projection” and the risks associated with it, PLUS a word of caution from Ryan concerning trading advice and opinions via online trading blogs, chats and forums (Fast Forward to 1:45. Ends at 3:15):
https://www.youtube.com/watch?v=ngzqJwlEx1s
Final Thoughts…
Trading is a business hinged upon proper risk management. Trading requires well thought out planning, just like any other successful business requires. In trading, you cannot ‘fly by the seat of your pants’, you must have a plan and a process that you follow long-term. In our experience, individual results in trading vary. No two traders are exactly alike, nor is their personal situation or experiences. Please be sure to carefully read our unique risk disclosure below. Seriously, please read it below.
Trade smart,
Payday Stocks Support Team
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IMPORTANT RISK INFORMATION
Many traders tend to gloss over risk disclaimers, as if they are mere technicalities required in the course of business in this industry. This is a dangerous habit many traders have developed. With all trading strategies, there is “profit potential” and there is “risk potential”. All too often, traders interpret “profit potential” as a “promise of profits”, while at the same time, if risks are realized, the term “risk potential” is interpreted “I was duped”. This is trading. There are risks, and these risks are very real. Risk potential means you could experience losses. Profit potential means you could experience profits. Past performance, whether hypothetical or real, does not diminish the risk potential of any strategy. The problem with simply glossing over risk disclaimers and not taking them seriously is that it causes traders to make decisions they would not otherwise make. Specifically, glossing over a risk disclaimer may lead to deciding to trade a strategy that you would otherwise decide against trading had you taken the risks associated with that strategy seriously. It also causes traders to stop trading strategies long before they should stop trading them because they did not take the risk disclaimer seriously.
Understanding risk is more important to the overall success of trading than you might think. In fact, your understanding of risk (or lack of understanding), affects virtually every trading decision you make from markets to trade, account size to start with, beginning trade size, levels at which you increase or decrease your trade size, and of course, how long to stay committed to a strategy. It is to your detriment to ignore this, and any other risk disclaimer associated with trading. Every strategy and trade opportunity associated with PayDay Stocks carries risk. In all cases, you decide whether the “profit potential” is worth the “risk potential”.
*Disclaimer – Results may vary from person to person and results are not guaranteed.
These people are a bunch of crooks that they promise a lot but do not deliver. DO NOT WASTE YOU TIME AND MOINEY WITH THEM. I have been with them for over a year and have nothing positive to say about the service, communication or the lack of , and loosing trades. they keep sending promotional video giving the impression that this new approach the Ryan has come up with is the way to become rich but they all are a bunch of empty promises. DO NOT FALL FOR THE SCAM
I purchased Ryan Jones’ Profit Stacker (the monthly subscription) and of course they tell you what you get but, being new at this I had no idea that I would need the instructional video to understand and decipher what I received. Of course, Ryan knew that. It was like buying a pair of crutches and finding out you had to buy the rubber tips separately. RIP OFF! Whatever you do, do NOT buy anything from this “snake oil ” salesman!!!
do you have any of his videos or tutorials on Profit Stacker. The worst part is you cannot communicate with him or find out the details of any of his product.
Dan ever try using watchlists??? Overtime helps to focus in on the who & which one’ core of Wall Streets Stocks that are in fashion of late. Each sector has a season barred any pivotal news. Ryan helps in that department. He is not the one-stop for all. Ryan just guides you to potentials areas of interest. That does not say you do not need to research what he proclaims as you should for anyone out there. The bottom line, it is all up to you, how you bet & research… Personally I use four more Gumshoe type of guys. When they all agree … well, it is still all up to me, what I bet on & research…
Chad, have you ever watched the magician that exposes the tricks of their trade. See the similarities in GUMSHOE…