Simpler Trading Reviews | Read Customer Reviews of simplertrading.com

Simpler Trading Reviews | Read Customer Reviews of simplertrading.com

Simpler Trading reviews

Showing 74 reviews with 1 star · Clear filters

Tash
Oct 27, 2021
Attended several classes and spend…
Attended several classes and spend money on subscriptions including SAM, and I only lost money. Same happened to my friend. Though the first free webinars they tell you that they can make money in ANY market, but they only lose money and they belame it on market. I feel they only make they money from you by paying for subscriptions and classes, and not from market.
Reply from Simpler TradingDec 9, 2021
Hi Tash, Thank you for taking the time to provide feedback. We are sorry to hear about your experience. We would love to be able to assist you. We are unable to find your account in our system, though. Do you mind sending us your account email address or providing us with the classes you purchased so we can assist you better. Again, we appreciate your feedback and look forward to being able to assist you further. Sincerely, The Simpler Trading Team
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Henry W.
Oct 16, 2021
Don’t spend money on any indicators or subscriptions.
I have been struggling to make consistent profits for 3 years as a trader. I watched several webinars from Simpler Trading and read reviews, and decided to learn more from John Carter’s trading strategies and his indicators. After 1-year subscription of SAM, I didn’t see any particular set up to make consistent income based on their indicators. SAM is like an alert service that you will get a few random trade alerts and once a month live trading section with John. Most of trade alerts has a high risk with a low probability of winning. It’s like getting on the train early to have a good seat, and watching it going on the wrong direction is the worst part. Their indicators are not simpler but more and more complicated with small adjustments to upsell you with expensive costs and classes. Those indicators aim for a purpose that probably no indicator could ever do: timing the market. Of course, it is impossible timing the market. Thus, using those expensive indicators is just for reference as other free indicators. SAM got some max-loss losing streak that caused the account suffered 20-50% swinging up and down. Simpler Trading is very successful in marketing. Watching webinars and joining live trading sections with John Carter make you feel promising and hopeful about consistent income based on those fancy indicators. Well, my advice is that don’t waste your hard earned money on those expensive subscriptions and indicators if you’re not comfortable with gambling trading style: looking for home run and ok with max loss. John Carter may get higher winning probability based on his experience. But I cannot rely on him forever. I came to SAM to learn a way to make consistent profit as their webinars trying to lure you in. So far, I haven’t learned anything than losing 11k plus subscription fees, classes costs and indicators costs. I wish there were some reviews like this before I signed up for SAM and bought those indicators. So here you are, from my realistic experience.
Reply from Simpler TradingOct 26, 2021
Hi Henry, Thank you for taking time to share your experience! We're not able to verify your account in our system, but we'd love to know more about which indicators and classes you are talking about. Please understand that traders use different strategies and setups depending on market conditions. This past year has been crazy, and that's why John hasn't stuck to just one strategy with trading. We had nearly $10k gains in Feb in Small Account Mastery, but struggled in July and August with nearly $5k in losses. The account is up roughly $14k year to date though. When did you join the membership? Sincerely, The Simpler Trading Team
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Joey S.
Oct 3, 2021
Not recommend SAM
I joined the SAM service since February with 50k account. I just copied the trades before the SAM class, it was profitable a bit since I only used 10k. When the SAM account was reset to $10,900 , I decided to follow the SAM trades closely and tripple the size using 30k of my 50k account. Bad decision ever, since the reset, the SAM account has performed worse than the S&P 500 and in the red zone now. My 50k account is now only 30k left and decreasing. As you read through the reviews, you will see Simpler Trading claimed that SAM account has nearly 70% win rate, but the account still lost money. Why? The main reason is for most trade, we risked let say 2k to take only $500 profit. And recently we had max loss of 2k each trade. I tried this service based on some general fancy good awesome reviews here (probably from company’s employees). But you also see there are honest bad reviews lately due to bad performance of the service. Everyday, SAM members frustrated in the chat room because they lost money which is completely against the purpose of this service: showing members how to grow small account. Members now don’t even know how to break-even their small account because the strategy is unclear. It’s easy to say losing money is part of trading as they always say it in the chat room. However, it’s frustrated to pay for this service ($597/3 months, not cheap) and watch the account swinging hard to the downside. When we make money, it’s Simpler Trading’s credits. When we lost money, it’s members’ own risk management. Well, at least they need to review the account performance and take it seriously since SAM members are losing twice as hard as the SAM account itself. I don’t recommend SAM. I have 2 months left of this service but I don’t expect much from it due to last 6 months performance.
Reply from Simpler TradingOct 6, 2021
Hi Joey Smith, Thank you for taking time to post your concerns. Yes, performance in this service has suffered recently, and you can see that we acknowledge such in our replies to other reviewers. Most of the time that this service has been offered, it has been very successful. That's why there have been so many glowing reviews about it until the past few weeks. Those are real reviews by real customers. No employees post reviews on here -- that is not only unethical but it is also against the rules set by TrustPilot. We use this 3rd party tool for collecting reviews for that exact reason: we want unbiased and valid reviews to honestly showcase our business. SAM has seen a high win rate, and is up overall YTD. However, July and August were challenging months and the account is down since the reset. Please know that we are looking into this and trying to find the best solution for everyone moving forward. One thing we've been working on the past few months is sending monthly recaps to subscribers as part of our efforts to be as transparent as possible. Sincerely, The Simpler Trading Team
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MGhanks
Oct 1, 2021
Like I told you before SIMPLER TRADING A SCAM
Like I told you before. In my own opinion and experience, These people will do anything to make themselves appear as angels and they are out to help people. Folks, trust me they are only trying to take your money. They will continue to sell you on indicator after indicator and continue to defend their “honor”. All while the chat rooms lose money for hard working people and they continue to act like they are doing good for the world. Really? Then why do you charge so much for losing money? but wait look at the millions I made, we really care, we want to help you, give us more money, in my opinion it wouldn’t surprise me at all if they were taking contrarian trades. Ok wait for it….here comes Lucifer dressed as an Angel with a sweet sweet rebuttal of a reply….aww we are so helpful we are doing good, we have 35 years trading experience, blah blah blah. If I could help one person read this review and read the options book by Lawrence McMillan and avoid losing money to a service this post is well worth it!! Like Reagan….trust but verify!
Reply from Simpler TradingOct 1, 2021
Hi again, Our PnLs in all of our mastery programs are all up for the year. Can you please tell us what service you've used? With your current handle, we can't find you in our systems. Across all of our services, we strongly recommend that everyone accounts for their own risk tolerance. If you've lost the amount that you are claiming, then it sounds like you have not been following our trade setups and have not been adjusting them to your risk tolerance. As previously stated, our traders use their own money to trade whatever setup they alert out. Have a great day! Sincerely, The Simpler Trading Team
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Huong T.
Sep 29, 2021
Small Accounts Mastery account is losing money
Small Accounts Mastery SAM account has been consistently losing money this year. I am a subscriber to SAM, not worth $590/quarter. I followed every trade with the same size and price, ended up losing 20% of my account right now. The explanations for each trade are vague and members always have to ask for the reasons of the trades for learning purposes, but they never get a clear answer. Their indicators are not very accurate as advertising. In fact, they are very unreliable. I decided to stop this service today since I learned nothing much and lost money. I thought it was good, but it was a waste of time and money. P/s: I paid 3 quarters which are 9 months. Not just last 3 months the account struggles as the reply mentioned. The entire 9 months was a rollercoaster from 10k to 14k to 8K to 10k and now losing and suffering more since the market is selling off. Once a month live trading is not worth the price. Also, forcing bunch of trades in a single live trading section and the rest of time looking at those positions bleeding to max loss are not a good risk management. Not to mention that once in a while throwing in a trade because members are feeling abandoned where the trade is not an ideal set up. I suggest at least once a week to review the account performance with an accessible spreadsheet to keep track of the account’s trades. For indicator, the Ready Aim Fire provided a Fire arrow to the downside in the weekly QQQ and we did a “hedge” position to early catch a downtrend in SAM account, the QQQ ended up continuing to go up higher for a month and the Fire arrow disappeared. The hedge position suffered a loss of course. The arrow indicates early exhaustion of a trend, but if the trend goes against it, the arrow disappears. That’s why I said it is unreliable.
Reply from Simpler TradingOct 1, 2021
Hi Huong Tra, Thank you for taking the time to post your feedback! We're sorry to hear that you haven't gotten more out of the Small Account Mastery service. There has been 3 months spread out throughout the year that were challenging and didn't see the results we would've liked, but there's still be overall growth with nearly a 70% win rate. How long have you been in this service? Can you also expand on how indicators are not as accurate as advertised? We take this kind of thing very seriously. Which indicator are you talking about? How is it less accurate? Please reply to this review with more information or send us a note at [email protected] with this review for reference. Thank you. Sincerely, The Simpler Trading Team P.S. - Thank you for updating your review with more information so we can better understand what went wrong. The Ready.Aim.Fire!® Pro indicator is one of our most popular ones. Please understand that holding an indicator to a standard of every trade working is probably not realistic. That being said, here are some thoughts to help get the most value for it in your trading. - Most important is the notion that Ready.Aim.Fire! Pro is a trigger indicator, which means that it's designed to help time entries for specific setups. This approach as well as ideas for some setups are described in more detail in the Usage Guide that accompanies the indicator. You can reference it here: https://simpler-cdn.s3.amazonaws.com/downloads/RAF%20Pro/Ready%20Aim%20Fire%20Pro%20Usage%20Guide%201-0b%282%29.pdf - Using a trigger in conjunction with a setup can shift the odds in your favor. I don’t know the specific setup which was used in combination with Ready.Aim.Fire! Pro for the specific trade you mentioned. If it indicated a potential for higher risk in the market, then hedging might have been warranted. The whole notion of a bearish trade as a hedge is that one thinks that the market could continue to go up and that one still wants to hold long positions. The potential of increased risk means one is willing to risk a possible loss in the hedge in order to have more protection. So it sounds like even in this circumstance, there was a consideration that the trade wouldn’t work out. If you continue to use the indicator on more than just one trade and as a trigger, we're confident that you’ll see what many satisfied users do: that it’s tremendously useful as a tool in a trader’s toolbox. Let us know if we can provide additional support to help you get the most out of Ready.Aim.Fire! Pro. In regards to Small Account Mastery, we're not sure what you mean. March, July, and August were difficult months for this service. We don't deny that. However, every other month has been up this year. The service may not be right for you and your trading needs. It's important to consider your risk tolerance and adjust trades accordingly. We'd love to talk to you and see if there's a better fit. Please let us know by emailing us at [email protected] or by calling us at 512-266-8659. Sincerely, The Simpler Trading Team
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Suchita
Sep 4, 2021
Do not buy from Simpler Trading
Do not buy from Simpler Trading. They are scammers. I bought a course from them and it was a recorded webinar, with outdated information. I tried emailing them about it but they never responded. I bet it's because they don't want to send me what they promised me in the first place. I would not recommend buying anything from them. They are just scammers!
Reply from Simpler TradingSep 7, 2021
Hi Suchita, I'd love to help you, but I cannot find you in our system. Without the contact information you've provided in our systems, I'm unable to verify which class you bought or why we didn't receive your email. We've been teaching trading strategies since 1999, and have over 10,000 members in our community. If you're experience was less than you expected, we're sorry to hear that, but that does not make us scammers. Our courses are not recorded webinars. If you do not buy one of our classes live, then you get the recording from when it was taught in front of a live audience in our live trading rooms. During our live classes, our trading team references current market conditions and recent trades, which may not be the same market conditions as when you're watching the class, but are necessary examples for teaching the strategies covered in that class. That being said, we strive to be as transparent as possible and so if there was any messaging that made this unclear, we'd like to know so that we can address it immediately. Sincerely, The Simpler Trading Team
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Hussam E.
Aug 27, 2021
John is sure good trader no doubt
John is sure good trader no doubt, but maybe he lost his focus. His company's goal is to sell you stuff rather than making you money. You'll be constantly bombarded with "insight emails" but in reality they're selling you bunch of EMAs bundled under some fancy name. Small Account Mastery is a mess, down more than 20% so far and some participants are down more than 50% YTD, while indices are making new highs. John's win rate is less than 50% but he makes money because he bets big and cut his loss fast - don't be fooled by 250,000$ profit, ask yourself how much he has at risk? and can you risk the same? Anyway I don't care who is the person but with win rate less than 50%, it is a Gamble. If you still feel intrigued by their constant selling techniques; do yourself a favor and gambel with your own money - at least you'll enjoy the adrenaline rush... With that been said, some of his partners/traders are actually good - each has his/her own area, which is beneficial for beginner - for sure overpriced but not as bad as "Option Gold"
Reply from Simpler TradingSep 1, 2021
Hi Hussam Eddin, Thank you for sharing your feedback! We really appreciate you taking the time to let us know your concerns. Please keep in mind that we are first and foremost an educational company focused on teaching trading strategies that have worked for us. That being said, trading has been a little rough lately in the Small Account Mastery, but the P/L on closed trades is up overall $12,353 YTD - which isn't representative of John's overall trading gains, but this membership is geared towards small account sizes just as the name suggests. Of the 128 trades alerted to the Small Account Mastery this year, John's win rate is actually over 60%. A win rate over 50% is favorable and not easy to maintain -- not many people are able to hit a 50% win rate, but John has surpassed that by quite a bit for his small account trades. When it comes to trading, you can argue that there's always an element of "gambling" because we can never truly know how the market will turn out and which stocks or commodities will grow - there are just too many variables to account for. With decades of experience and robust tools, John ropes in gains from the market each year. It's no secret that John has a strong tolerance for risk though, which is why we encourage Small Account Mastery members to follow alerts that fit their risk tolerance, and to adjust them accordingly. If you're looking for more conservative, lower risk trades, we have other traders and memberships that fit that mold. We're sorry to hear that you feel our memberships are overpriced, but with significant market research, we've found our memberships are very competitively priced and deliver immense value. We're also one of the only companies out there that isn't theoretical based and actually makes the trades we alert to members. If you didn't find enough value in our memberships, we understand your decision to leave, and wish you best of luck on your trading journey. Sincerely, The Simpler Trading Team
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Delta V.
Aug 26, 2021
John is an excellent teacher and they…
John is an excellent teacher and they have a good group of people. The 1 star review is for the Tech Support staff. I have been using Simpler indicators for over 7 years and all of sudden the Trade station indicators are having issues. Called to speak tech support for help and the condescending person by the name of Paul does not listen to your issues and just keeps pointing the issue to Tradestation. What a waste?
Reply from Simpler TradingAug 27, 2021
Hi Delta Vega, Thank you for sharing your feedback. We're sorry to hear about your experience with our support staff. We've passed this feedback along to our support team and it will be addressed with the representative. Sincerely, The Simpler Trading Team
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