TradeThink
Complaint 95375 Details

  • Date Occurred: 01/31/2014
  • Reported Damages: $100,000.00
  • !

The complaint is against an online dating profile

The complaint is a listing fraud posted on public forums or sites against an anonymous entity

The complaint is mobile text spam or smishing related against an anonymous entity

The company or person contact no longer exists

International boundaries

After 15 months of trading TradeThink i feel qualified to post real world TradeThink performance vs. TradeThink hypothetical claims. The actual real world TradeThink results for the quarter ending March 29 2012 show a 30% draw down. I started with $300,000USD January 1st 2012. At the end of March 2012 three months later the value was $200,000USD. A client starting to trade on Jan 1st 2012 with TradeThink would now be worth $185,000USD. The extra draw down is caused by the cost of a once a year TradeThink subscription. TradeThink does a poor job of reporting fresh data. Information claimed performance for the quarter ending March 29 2012 at a positive 2 to 5%. The results are at least concerning. The divergence has no correlation to TradeThink reports. TradeThink advertises one history while real world results prove another. The system is off by a factor of 6. I am a TradeThink trader and client myself. I am publicly admitting i was taken in by Jason Morse and his sales pitch. The websites allowance for slippage is also a number which has no basis in reality. TradeThink is not a new commodity trading system. How does a system that’s been around for as long as TradeThink survive without proving itself against other systems? In every independent system comparison published and there are many, TradeThink is not included. My sources tell me TradeThink has been asked by many to submit TradeThink for testing and comparison, and it never is. In the past TradeThink bread and butter relied on an older group of rich clients. Most of those older rich folks don’t use social media, and were brought up never to talk about money. When a trading system they used failed, it was common to never hear about it. Most people are reluctant to admit to other people we’ve made a mistake that cost us money. The internet has caused a new wave of computer traders who use social media to broadcast the truth about trading systems that work, and others like TradeThink that don’t. TradeThink should get more honest exposure to systems which have been proven and publish those results. A new wave of commodity Traders using social media can now find better tools and products then TradeThink. Now the value of a system will be determined by traders successful use of it. At this time TradeThink has reverted so far below mean performance it has the developers worried it may need to be trashed and totally rewritten. It’s really a worthless trading tool. My experience with Jason and TradeThink causes me to question the ethics and honesty of people who sell any trading system which doesn’t submit to extensive independent testing.

Do You Have a Complaint?

Submit a Complaint

Comments

  • Trader2478
  • Trader2478 SBID #39326d9617
  • Posted 04/09/2014
  • My name is Chris Morse, I am the President/Developer of TradeThink. We provide trading signals for Trade Think trading systems.

    TradeThink provides the opportunity for any prospective client to see every one of our entry/exit signals prior to any commitment.

    Markets go up and down. There is no one, nobody that can predict what the markets will do. We pride ourselves on free no commitment evaluation periods for our trading signals.

    Unfortunately there will be some traders that start trading and will go into a draw-down. I have never promised a prospective client that they would or could make money. There are times when the markets will provide good trends and then there are times when they will not.

    Anyone that is considering a trading strategy, be it their own or someone else's needs to understand the volatility of the markets. We do our tried and true best to show all prospective clients our systems in advance without any commitment or obligation.

    How dare I for instance call a client up that has made many dollars on a big run and say "I want you to pay me extra because we had a big run up". It does not work that way. Though it would be nice in hindsite to make more money, that would not be right. Just as it is not right for someone that goes through a draw-down to try to extort a free signal service from me. Bottom line is that there are ups and downs in the markets. If there were not, there would be no opportunity for profit.

    Below is what I had to say in response on another website the poster posted to:

    Wow, as a trader and former registered CTA I am aghast. Why would anyone think or believe that the past repeats the future.

    I have been trading and developing systems for nearly twenty years. Whenever there is a draw-down the weak cry wolf. I suppose if others could develop their own systems and have the discipline to stick with them it would be a different story.

    Any astute and educated student of the markets knows that there are ups and downs.
  • Was this helpful?

Do You Have a Complaint?

Add a complaint and spread the word. High volume complaints have a better chance to get their money back. Submit a report and join forces with others like you!

Submit a Complaint Now

Business Profile Summary

  • TradeThink logo

Company Statistics

  • Complaint Against TradeThink
  • Complaints Filed: 1
  • Reported Damages: $100,000.00
Visit Complete Company Profile

What is SBID?

SBID is a unique id code that identifies the user's computer and location. SBID is used to prevent fraudulent postings and help our community find users who create duplicate user accounts.