Decent services with issues
I am writing a review of The Pattern Trader service. I have been an Elite member for over a year now. This is my opinion of the service. So to start, it is not a scam, as some people on here say. You pay for a service of stock trading mentorship. You will receive that. There is a daily Zoom call that lasts about 30 minutes where Mark discusses his view on the market through what patterns the charts are making, which is his system. You will also get a daily email with a stock or Forex trading idea with the chart drawn out to show entry / exit. Risk and reward. Mark does consistently emphasize that. So if you follow every day, then this concept will become more natural to you and should be part part of your daily analysis. Plus you get access to all his educational material. So this is what you get for your money. Now things I have issues with: It is difficult, if not impossible to get a refund. I think this is why people think it's a scam. You will get the advertised service, but if you think it's not for you or are unhappy, it will be difficult to get any money back. His administrative staff is bare bones so that may be part of it. And the criteria for a refund is onerous. I personally did ask for a refund. Whoever answered my email just demurred and said they would mention it to Mark. Now, guess what. Mark himself called me back personally to discuss things. He took over 30 minutes to discuss the market and system, etc. So that was kind of him. But, guess what. Still no refund. I purchased a multi year plan so I guess I'm in it for a while. I would recommend not purchasing more that one year. Now perhaps a bigger issue. The system itself. Or the trades that come in the emails and other things that Mark has mentioned in the Zoom calls are not working very well. At least not for the last 18 months. Mark is regularly saying things aren't working and we should just wait until the market starts trending again. I find this a bit disconcerting since the patterns are the patterns. Why would you need a trending market to if the patterns work? Some of you may disagree with me on this, saying the overall market dictates things, but my understanding of the pattern trader system is that the patterns of a stock should prevail despite that. One thing I find quite frustrating is that Mark will regularly talk on the Zoom call about how much money he is making daytrading stocks and options. Basically using a system that is NOT the swing style of the pattern trader but rather daytrading options. I find this frustrating. This is supposed to be swing trading not daytrading. Furthermore, a lot of the stock picks he puts out on the nightly email, he is already in with options. So in the morning when you enter the trade, he is already closing his options positions. He has now gone to offering an options service completely different from the pattern trader. So I signed up for swing service and I now have a daytrading service. I'll let you make up your mind on this. You could say he's adjusting to the environment, but I find it annoying. A lot of folks do like him and his service. Personally I find him genuine, but I could go either way, based on what I said above. There is enough good to have you consider his service, but I have some issues.