The developers of the three trading tools in the title are professionals at developing worthless junk based on hypothetical results. Jason and Chris Morse are riding on the claims of the one time in 2009 they say these systems outperformed. Jason said in 2008/2009 many of their traders realized five baggers within a few months. It was a one time parabolic move. Commodities have never had those kinds of moves again. I spoke to a few of the folks that made testimonials for the Morse brothers to get the story first hand, and found that all of them had quit trading the systems. One of the folks i spoke with told me to be very skeptical about the Morse brothers performance claims. He said he did have some good gains but nowhere near the numbers claimed. When i asked why he did not trade the system anymore he said, the draw down after the parabolic ride up was almost as big as his profit. It was then that he quit trading and realized the system only performed positively during times of a strong trend and cut him to ribbons the rest of the time. He said the Morse trading systems made money, but gave it all back unless a system override trade was made. I asked myself, why would anyone buy signals from a system they would need to override in order to profit from? It makes no sense unless you are Jason and Chris Morse. The Morse brothers are college educated and smart enough to know the real money is made selling hope to ***'s, not trading their systems. The RED FLAG signal to run as far away as possible from Jason and Chris Morse is this paragraph from the TradeThink FAQ's.
"We offer our signals to raise capital. Once we build enough capital we will no longer be accepting new clients. We will still continue to provide excellent customer service to existing clients". TradeThink has been claiming they will soon be closing to new investors for years.
TradeThink is saying, Get in now or you'll be locked out. This is a standard sales pitch to reel in the uneducated trader after seeing the false claims of great returns. If the systems returns were real why would the Morse Brothers sell the signals? The Morse brothers would not be scratching around for an average investor to buy their systems. They would be selling to venture capitalists and banks. TradeThink claims a big trading firm did use their system, it was MF Global. Some traders use it to game TradeThink traders from the opposite side. I would not be surprised if Jason and Chris Morse are among that group, I know MF Global was.
Trend Simplicity MRCI and TradeThink-Worthless Tools for Fools
Review about: Tradethink.