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Traders Edge Network

8915 S 700 E, Sandy, Utah, United States, 84070-2417

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It works, but it takes effort!
I have invested well over $50k in trading education and services. Traders Edge Network is by far the highest quality education I have come across.

Now, what you need to understand is it takes work and effort and learn your own investing style.

I was a part of the mentoring and it well above all other private mentoring I have experienced.

I recommend this service, but understand it is NOT a get-rich-quick routine.

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Traders with Edge..... A Scam!!
Recently got involved with a proprietary investment firm. A company that after a testing period allows you to invest with their money. Great idea, but from the looks full of crooks and scammers. I scam tested "Traders With Edge" with a program, came back all good. Reviews looked good, except for a few and I chalked that up to noobs being noobs. I also noticed it uses PayPal for payouts, usually always a good sign (probably bs, because they only pay out in their local country). But as I started investing with them with $170 of my own money on their 10K account, I realized they allow short selling stocks, easily. On some level I thought "Awe fuk I just wasted $170" why? in reality, short selling stocks (also known as options trading) is a difficult process and is actually a 0 sum game, you are basically head to head with another investor, win/lose situation via contracts that actually depreciate in value. Luckily for me, I only put in $170 because, well, it seemed legit till they closed down my account for apparently "breached Max Drawdown". But my profits were decent 1.5%+ a day. The scam is something like this: The investor, thinking they have their system figured out, uses 2K plus of their own money, to gain access to $200,000 of the companies money, even if you are making great returns and very few positions in the red and minimal losses, they will still close down the account. Thus ripping off a retail investor (unschooled investor) for 2K+. Also if you invest with a company that is over seas, the chances of it being a scam increases. In some cases, people in the country where the company is based out of, will not be scammed, but people over seas might get scammed (Australia and Hong Kong in this case). Thus protecting themselves from local authorities in their own country and creating doubt in local authorities minds as to the legitimacy of accusations of a fraudulent company coming from people over seas/different countries. Thus increasing their profits without having to pass all the regulation requirements that are involved with stock market investing and there are a LOT OF REGULATIONS!. I'm still going to investigate proprietary investing, because it is a great idea!... But seems to be super scammy. Perhaps even targeting scammy. Avoid "Traders With Edge" if you don't wanna waste a bit or if you are dumb, a lot of money.

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Be careful of the Money Press method - experience needed!
This review is specifically regarding “The Money Press” method. The book is well written, but leaves out incredibly important details. Selling a weekly option is not just “collecting money”. It is the opening of a short option position (as part of a calendar spread), which will have a profit or loss on the day of expiration of the weekly option. His book says the mechanics of the trade are to “collect a fresh new premium every week after the previous week option expires”. That’s not how it works. Your position is a live position with real time profit and loss depending on the real time share price of the underlying stock. In his book, Preston provides the example of selling TRIP $104 weekly puts for $2.20 and buying later dated $97.5 options for $6.00. If TRIP stays at $104, it works great. But if TRIP drops a little to $98 at expiration, now, INSTEAD of earning $220/contract, you LOST $380 per contract. The “protection” won’t save you because the $97.5 farther dated and out of the money option will move a lot slower than the expiring in the money option. You would lose around $380/contract on the weekly option and only gain around $100/contract on the far dated June option since it was already valued at $6 and is still out of the money with TRIP at $98. So your net loss would be around $280/contract. NO income - just a loss of $280 per contract in 1 week. So, you can lose a LOT if the stock price moves down even 3-5%. So please be careful. This method is NOT just collecting income. These are live calendar spread option trades that can go against you VERY quickly and powerfully, leaving you with a rapid and painful loss. As in the example above. Calendar spreads (the money press “method”) are a complex option strategy, for which the trader should have a thorough understanding of options delta, options vega, options theta and also the implied volatility of options - the trader should be able to readily use these above data values to properly construct the calendar spread trade with the lowest possible risk. Always paper trade calendar spreads for at least 100 trades. Document your profits and losses on all 100 trades before doing it with real money. Good luck!

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I believe the individuals are well intentioned but their strategies are dangerous and can lead to huge losses. The cost for the mentoring is very overpriced

Traders Edge Network Response • Jan 13, 2020

Dear Lori - we are very sad and surprised to see your review. We care deeply about the success and experience of all of our customers. All of our strategies are focused on protecting risk. (put protection, understanding margin requirements, position sizing, etc.) Risk management is something our training videos and your mentor should have covered in-depth. As a mentoring customer you would qualify for our "Satisfaction Guarantee" and we would continue to work with you until you are completely satisfied with your experience. Please reach out to us at 801-733-4190 and we will happily work to get you additional help to overcome these issues. Thank you for providing us with the feedback so we can touch base with you and get this matter resolved. All the best, The Traders Edge Crew

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I have been following the advice of Traders Edge Network for nearly a year and have met several top individuals involved. Their advice is top notch but you have to follow the guidelines they have established to make money. This is something that needs learned over a period of months not days or weeks. I signed up for their mentoring project involving a one on one hour consultation weekly or bi-monthly and am very happy I did. The education had been excellent, my trading results positive and my coach is impeccable. The smartest investment decision I have ever made.

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Purchased one of their services for a one-time fee for a one year period. After a one year period, they start hitting you for a monthly fee of $97 unless you opt out. Within the first week of utilizing their service, I realized it was a total scam. While I couldn't get out of the money I'd spend already, I messaged them to make sure I opted out for good. You message them through their portal, so there's no confirmation and I got no response. So I called to opt out and assumed I was good. Unfortunately that was not the case. They have hit me every month since January 2017 for a total of $776.00. Regrettably, my wife pays the credit card bill, so I didn't catch it. Regardless, they are refusing to refund me those fees.

Traders Edge Network Response

We have been in contact with this customer and have tried to resolve this situation. Here was our recent response to ***:I'm very sorry for this situation. I know it is frustrating. With us not having any documentation of your attempt to cancel (we document every call and email on your customer record) it would be impossible for us to credit you all the way back to January. Just like a cell phone or satellite TV service, the service is running in the back ground whether or not you are using the daily emailed updates and the membership site. We have no way of knowing if you are opening and using the valuable information in our emailed updates that were coming to you daily.We know you aren't trying to take advantage of our company, but we also need to have safeguards so people don't use our services for months at a time and then just ask to be refunded for time and services they've used during that time.We'd be happy to issue a refund for the last 3 months which is the very most we would be allowed to do. Hopefully you can find that reasonable and fair to both sides. I'm sorry again for this and wish there was another solution. And of course, we've cancelled you from the service and no other future charges will occur.
Thanks for your understanding.

Hopefully that sheds some light on the situation. We do feel we are being more then fair in this situation. We feel bad *** was upset enough to contact the Revdex.com even though we are trying to resolve the situation directly. Thanks! - Traders Edge Crew

Customer Response

Complaint: ***

I am rejecting this response because: Since I called this organization within the first week of purchasing their product to cancel auto-renewal, I believe all of these charges to be fraudulent. While I appreciate their response and offer, it is fundamentally unacceptable on principle. I will continue to pursue all of my options with my credit card provider, the Utah State Office of Consumer Affairs and potentially legal until full resolution is granted.

Sincerely,

Dan Nicastro

Traders Edge Network Response

In an effort to satisfy and please the customer, we have offered a refund for 6 months of the membership fees. This is well above and beyond our usual refund policy. We are trying to go above and beyond to show our understanding and find a resolution, even if we feel it isn't the fairest compromise. Here is our most recent response to ***:

***,Thanks again for your reply. If we were really worried about fighting this dispute to the end, we'd ask for proof that the phone call was actually made, show you our legal terms and conditions, etc. etc. etc. We are very confident Mastercard and any legal situation would side with us once we reply to the dispute with our side of the story, but that isn't here nor there at this point. We'd like to leave this situation on good terms if possible as we always strive to take great care of our customers... even if they are customers that are moving on from our services.In the interest of saving extensive amounts of time for both of us, we would be willing to issue a refund for 6 months as you suggested in your last email. Of course this is way outside of our normal refund policy, but to show good faith we'd be willing to do this as a one-time gesture for you. I hope you find this satisfactory and fair. We'd also appreciate if you shared this feedback with the Revdex.com and updated your complaint with them as we have thousands of happy and satisfied customers and we value our reputation. Yours is a situation that we've honestly never seen before and we think we are being more then fair in trying to find a resolution.Please confirm that this offer will bring a resolution to this situation. Also please note that refunds can take 3-5 business days to process and until you see the credit on your end.
Thanks again

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Address: 8915 S 700 E, Sandy, Utah, United States, 84070-2417

Phone:
+1 (801) 733-4190 0 0
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 +1 (801) 421-1123

Web:
tradersedgenetwork.com

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