Education: They have tons of good, sometimes excellent materials, videos, presentations, if you are into options or futures trading, there is no better value out there today, they give you all this for free (you don't have to actually have a TD Ameritrade account, even though of course they'll promote it). They'll respond to your emails almost immediately, Tony himself (really have never emailed Tom).
Entertainment: My 5 stars as well, you can tune in early in the morning and stay tuned for the rest of the day. I think it changes a trader's usually lonely world.
Tom's trades come in 2 different accounts, Tom's IRA and Tom, are not free. Tom's IRA posts about 2-3 options trades a day, the service is around $10/month. Tom's account posts way more than that, at least 20 trades a day and costs $99/month. You can trade Tom's IRA with a $100k account, but your return really won't be much more than 10-15% top (just buy and hold instead). But you cannot and I can't stress this enough, you cannot follow Tom's account with only $100k in your account, you'll be in trouble more sooner than later. So I think, they really don't ask you to pay for the service, but if they offer it, they should pay more attention to this detail, you can easily lose the account if you follow blindly. Also yes there are lots of trades per day in this account, however too many of them, sometimes most of them are hedge trades, meaning the original opening trade was maybe one year ago and you can't even see it because the history doesn't go that far back. Following those are not a good idea because you don't know what happened to the opening trade in the first place, then also almost impossible and impractical because there are so many. So in reality if you discount this, there are not that many new trades. If you plan to follow futures trades, then make sure you have at least $200k in your account, and make sure you keep your phone next to you at all times, even while sleeping.
A major, huge drawback is they post the trades but won't post P&L. Sure you can try to see the history of the trade but it gets tricky here, almost weird. In the website you can easily filter by security but the futures trades prices for example don't show correctly, Japanese yen for example, it will only show 0.0095 not 0.009541. If you trade these you'll know how important even that last 0.000001 is. So you have to use your app. But then the phone app does show correctly 0.009541, however there you cannot filter by security so you can't see the history. In other words, really no way to back test here, just good luck.
I truly see no value in following Tom's trades, really don't see a reason in paying for something that more than likely I won't be able to do, I don't think anyone can. I understand they are not meant to be followed, but then why charge for it? Why talk about these trades that only if you pay for them you can see? I think that if they are going to charge, they should pay more attention to what they do and how they do it.
In my opinion, just watch what the rest of the traders do, you don't need to pay for those, watch the materials, learn, come up with your plan and do it, never follow them blindly.
But again, overall, good stuff. Tom is a trader, Tony is a trader, Pete really knows about futures. Excellent education and entertainment, only remember my advice: don't follow.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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