Small Lot Program Review
Small Lot Program Review - My Experience (Jan 2025) Program Details and Promises I joined John Carter's Small Lot program at the end of January 2025. The program was marketed with specific goals, including Carter's stated objective that "in my small account, the goal is consistent growth." Additionally, the program promoted that "John's goal is to double his account by February 1, 2026." The marketing materials featured claims that John's daughter "grew the account with this laid back type of trading by 108.29% in 3.5 months" and suggested that participants could scale this approach, stating "I did some of these trades in my bigger account, so you know, it could be a 110,000 to 220,000 dollar account." Worth mentioning that The Small Lot program is one of the more expensive offerings from Simpler Trading, priced at $3,000 USD per year. Performance Results As of June 9, 2025, the official trade tracker shows a loss of 25%. However, when factoring in the 4 currently open positions, the actual loss stands at 38%. Personal Investment and Outcome I committed $100,000 (a very substantial sum of money for myself, out of our savings) to this program with the intention of fully engaging with the strategy. I dedicated significant time and energy to following the trades exactly as directed. After approximately 5 months of participation, I have experienced a loss of $38,000. Program Execution and Support I understand that options trading carries inherent risks, and I acknowledge that every trade executed was ultimately my own decision. The program was presented with the concept that participants could "earn while you learn" by following John's trades. Unfortunately, this outcome did not materialize in my experience. During the first couple of months after joining, John was largely unavailable for questions and proper trade management guidance. This availability improved after he completed the acquisition of Simpler Trading and is a lot better nowadays. Personal Impact and Decision The financial losses from this program have created strain in my personal relationships, particularly with my spouse, due to the very significant amount lost and the drawdown to our savings account. The program marketing included the statement: "Everyone says to trade money that you can afford to lose but the truth is trading a small account sometimes means trading all you've got and it would hurt to lose it." This proved to be exactly what happened to me, as I engaged a significant portion of my capital and followed John's trades precisely. Rather than achieving the promised "consistent growth," I experienced substantial losses, which is why this situation came between me and my wife. As a result, I have decided to discontinue my participation in the program and cease options trading activities. Factual Disclosure This review is based on my personal experience and documented (both mine and John’s) performance results. I am not providing financial advice nor attempting to disparage anyone personally. However, I believe that individuals considering this program should be aware of these factual outcomes that I experienced during my participation. *Program:* Small Lot Trading Program *Duration:* January 2025 - June 2025 *Investment:* $100,000 *Documented Loss:* $38,000 (38% of capital) *Official Tracker Loss:* 25% (not including open positions) 06/24/25 UPDATE following Simpler's Response below I find it intriguing that Simpler actually wrote a good response and that a couple of hours later it was taken off and this one below has become the official response, so to help future potential participants fully understand the picture, allow me to add a few points: 1. When you say I was "following multiple traders and trades" - I followed the Small Lot Room trades to the tee until the day I left the program but also joined another Simpler Trading program on a trial basis some 3 weeks prior to leaving completely. The trial program was with Raghee's Mastery course and this was at the Simpler Trading's Content Manager's advice. 2. I could also add that Raghee's program was in the black and actually helped make up for some of the Small Lot losses however at your advice, I left that program to try and solely focus on the Small Lot. 3. My 38% loss indeed reflects a moment in time - the moment I decided enough is enough. I'm happy you say the loss is now "only" 12%, however I still fail to see where the "consistent growth is", where the "Earn while you learn" comes in and why anyone would need to take such a substantial drawdown, before even making a dime in the program. And that's without taking into consideration that the program itself is the most expensive one Simpler has to offer. The people at Simpler are great, the program needs tuning.