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Trend Fund

www.trendfund.com/..
Category: Websites
Trendfund.com is the premier online community for serious traders. Born in 1999 by rags-to-riches millionaire trader Michael "Waxie" Parness, Trendfund offers subscribers 100% unbiased stock, option and futures market ideas, research and education. Parness made several million dollars using his self-taught trend trading techniques and so can you in all market climates! Waxie recently authored the best selling book whose title epitomizes his direct, no nonsense approach to life and trading, Rule The Freakin' Markets, which he definitely does!
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A total and complete fraud- Here is the proof
Here is the complaint lodged by the National Futures Association against Scott Littlefield, Michael Parness and his hedge fund, Trend Fund Management. Take note of how they accuse them of misleading investors with testimonials that are not documented, but used to lure unsuspecting victims into the trap of believing someone that can't do anything but take clients money is actually a market expert.

Make note of the HUGE drawdown, however if you follow Michael Parness and his Facebook page all you see is him bragging about winners, when meanwhile anything he speak about turns into a complete loser. These include his pumps about Facebook which he bought in the private market and used his clients to build up so he could sell, RENN which was a complete disaster and never uttered again, and his small cap Biotech stock that he hyped up and told everyone he would be releasing on a certain day and time, only to see it fall off a cliff without another mention of it ever.

Scott Littlefield is a plague that has killed enough traders to have a terminal disease named after him. Someone above said that he was a nice guy, but who cares if he demolishes you with his trade calls?

Anyone paying Michael Parness or Trendfund a single dollar for anything is out of their mind. A monkey throwing darts form the back of a horse has a better chance of picking winners.

This can be found on the NFA website and is a matter of public record. You can also read the response to the complaint and the excuse that they didn't know the rules which is laughable.



Complaint- http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=3319

Response- http://www.nfa.futures.org/basicnet/CaseDocument.aspx?seqnum=3355

Frank

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Stay away
First to counter what was said in the previous review, tiny is no longer at Trendfund. He was fired two years ago for confronting Michael Parness about his front running and other illegal activities. Parness sued him after he was fired for something like 50 million dollars, and sued anyone that talked or tried to partner with him.

Scott runs the Trendfund chat room now and while he may seem like a nice guy, he couldn't find a winner with both hands and four maps. Parness is now charging people to take a class on how to watch CNBC, and that's not a joke, even though it sounds like one.

After you buy anything from Parness, he gives your information to Premier Mentoring in Utah. They will call you up relentlessly and try to sell you a variety of mentoring packages that range from $5,000 all the way up to $30,000, none of which Parness shows up for. when you complain to Trendfund about it, they say that they are an outside agent, but Parness is all over their website.

The entire operation appears to be a scam. Stay as far away form them as possible.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Good Education but Pricey
Tried Trendfund years ago.

Tiny is a great trader and provides wonderful education. However the monthly fees are extremely high and Waxie though a good trader himself is really an outstanding promoter.

You probably need a decent sized account to really fully utilize the services of Trendfund. Not meant for small retail folk who can't afford to lose money or spend up to $400+ on monthly fees.

This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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Displaying 1-3 of 3 Total Reviews
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