Here is my honest review of four years of services.
I was asked to leave an honest review, so here it is: I joined three services at Raging Bull about four years ago. They claimed (bragged) that they were highly profitable, and the implied expectations were that they would share these amazing wins too. I paid thousands of dollars for the lifetime subscriptions (looking back it was just plain stupid on my part to pay for lifetime based only on the promises), and dedicated myself fully. I have 25 years of experience, and traded only 1 contract - as conservative as possible. All three services (Jeff Bishop, the other Jeff, and Jason Bond Small Account Journey were off to a bad start, but I kept positive and traded until my accounts were down around 50% (trading tiny one contract sizes). I could not get my money back for the services (RED FLAG). I could not afford to keep losing so much, so stopped trading this way. The barrage of claims of making so much money fooled me again, and months later I refilled my trading accounts and started back up. This time, I was told, Jason had better techniques. Again I traded just one contract and as conservatively as possible, but again my accounts were just grinding lower, until after many weeks/months of applying Jason's trades, I had to stop with half of my accounts wiped out (again). Months later, I did the same - refilled my accounts, got back aboard (as Jason had better refined his technique), and tried again. Same results - equity curve from top left down to lower right. Months later... You get the idea. I did this so many times over the years. I/we never had a winning month. I would imagine in a strong bull rally that does not retrace at all, Jason's strategy would produce nice wins. But, in any other market environment, it is not profitable, as far as my prior experience and current experience goes. As far as the win rate goes (for those who understand option Greeks), anyone can easily get a 60% or 70% win rate using deltas alone. If you sell a △20, that equates to 80% win rate. If you sell a △30 delta, that is a 70% win rate. Selling "at the money" ( △50) is about a 50/50% win rate. The problem is, is that the winners are small, and losers are large (this is the inherent reason why one can have a high win rate %, but your account goes down. Anyone can just sell random out of the money spreads and when it works you get a little bit, and when you lose you lose much more. So you CAN get a "high" win rate, but your losers will chop your account downwards every time. One YouTube video can explain it really well. Ask ANY professional trader - the win rate alone means nothing if your losers are much larger. I would say, if you are a beginning trader with no experience, this is a good (but very expensive) start to learn (although no better than free YouTube videos). Just don't get your hopes up and don't trade real money. Paper trade only, do the entries and watch very closely the timing of the exits (which are NOT posted anywhere near real time). What I have noticed is the exits, when posted later, always seem to be fantastic exits - right before a selloff, or right at the peak. If you don't have the luck/skill to exit at exactly the peak or exactly before a selloff, you will notice (I did anyway) that Jason's results are much different than actual results. For me, these services were a huge mistake in my trading journey. Personally, if I were selling services like this, I would offer an unconditional money back guarantee. If it worked, then people would be happy and keep paying for the service (of course). As a trader with 25 years of trading experience and four years of trading with them, this is my honest opinion and account of my experience with Raging Bull, Jason Bond Picks, and Jeff Bishop's services.
