About Bill Poulos
Bill Poulos of ProfitsRun.com is an experienced trader and investment educator. As a retired automotive executive, who holds a bachelor’s degree in Industrial Engineering and a Master’s degree in Business Administration with a major in Finance, he’s relied on his background to help build his own company and help thousands of traders.
What separates Bill Poulos from most other 'how-to gurus' is that he began as a trader and has learned the hard lessons himself, developing the discipline necessary to be profitable on a sustained basis. In his 30+ years of trading experience, Bill has developed dozens of trading systems and methods. He prides himself on providing honest and realistic trading education, and is known for the continuous support and follow-up he offers his students.
The first advice Bill provides is that anyone who's not well educated concerning stocks, options, or Forex should not even think about trading them. It all begins with education. One of the best things that Bill does for his students is offer a slew of free trading materials to build their educational foundation.
41 ‘Bill Poulos’ Reviews
Profits Run a total SCAM
- Paid for three items-credit card
- Couldn't access members site-not given username or password to allow this despite being told that it would be sent in seperate e-mail; e-mails never sent
- Live chat off line all the time
- No one answers phone
- Only automated responses to multiple requests for support-no other follow up
- Received e-mail alerting to a "live" talk at !:00 Eastern. Was just the same video i had seen earlier; nothing live about it.
- No response to multiple requests for username and password
- I invested before I investigated. Looked for reviews and most were negative. The positive ones were probably written by Poulos himself.
- Contested the charges to my credit card.
How is Profits Run not a scam?
Image of office doesn't match that seen on Google Earth
doesn't honor money back guarantee
I e-mailed them asking for a money back guarantee within the 60 day trial period, but the claim I didn't get the $1,997 refunded because I didn't return a welcome kit that I never received!!
I looked at a few of their trades during the first week and all of their suggestions lost money.
Long & Boring, and worthless
I've heard these sales pitch over and over, buy my method and you'll get the best results in picking winning stocks. I bought one when I first started trading and quickly got my 49 bucks back. I could find the same info at any online website about stocks that are free.
These con artist are making real guaranteed money off the suckers buying their methods. Most of the suckers find out it's too late to get their money back or wright it off as a bad lesson learned.
Oh, and read their discloser at the bottom! That should be a big red flag for you.
Now I offer you this advice to counter their gimmick get your money first then show you a stupid method that may or most likely will not work. Use Barchart.com and make informed decisions on their top 100 stocks to pic from.
Profits Run Forex actual user results!
I paid a year ago for the Forex trade daily tips/feeds from Profits Run and Bill Poulos. I've traded Forex on and off for a few years. Never a great trader but I was respectable and sure know how to read a simple order and key that into my MT4 trading station.
So I paid for the leads (about $300 if I recall) in Oct of 2014 and ran them in my dummy acct for 90 days to see how they did. They actually did fairly well. If I recall I was up about 30% in 3 months. So on Jan 2 of 2015 I began with a $10k balance of live money and followed his leads to the T. Every order, every day! Wasn't too time consuming... the results... I was never up more than 12% total at any given time (i.e. balance went from $10k to 12k) and then the tips started going downhill fast. Many many many losing trades that stopped out. I was down about 10% and eventually broke even again. So in about 8 months of trading my acct is exactly where I started. Sure someone can argue, stay persistent, but why? Eight months of daily trades should be enough to prove this isn't a coin flip.
I still get the leads but stopped trading. EVERY Instant Pips lead I've gotten in the past 2 months I've paper traded and about 70% of them break even or are under water. Glad I'm not risking real $ anymore. I laugh now. I should just do the opposite of what it says.
So perhaps in the past this system worked, but I can attest, in most of 2015, it has been a waste of time and my $300. I would not recommend it.
I can't say anything for his training classes or other products like Options trading, as I have no experience, but I can say, stay away from the Forex product.
Watch the videos, don't buy the product
I got involved with Poulos years ago with Forex Nitty-gritty. I was just starting in forex so it was useful for me and affordable. Later bought Portfolio Prophet which spits out recommended trades in ETFs. I couldn't make it turn a profit but let it run past the 60 days so no re-fund. So when I bought Market Mastery I knew what to do - I recorded every trade it recommended for 60 days and, guess what, complete dead loss, even without broker commissions. Also, his software was claiming better results than you could actually get - sell at the open at the mid-price after a gap? Forget it! The re-fund procedure however was painless - cost me a bit in postage and exchange rates but otherwise got my money back.
I often go and watch his latest pitches just in case there's something there which I can use in my own trading, but it's easy to spot downright lies - example trades which don't meet his trading rules. Somehow, my questions about those never get published in the comments. Then he's always batting on about being an independent trader and dissing robots, then selling systems which have become more and more automated over the years and charging you to renew it annually. Independent??
No, Bill sounds the part and produces good-looking videos and software but it's all basically snake-oil. It's a shame other traders that I've more respect for (eg Steve Bigalow) seem to promote him.
Scam, scam and more scam
Really need to have this place shut down by the FTC. It is the purest scam, they overcharge you and then you can forget getting it back. The receipt does not exist because they want no record of what you bought or how much you paid for it. There is no customer service for the customer, only there to defend the service. Horrible is the best description for this place. STAY AWAY, DO NOT DO IT! You have been warned!!!
Honest and does what he says
My experience with Bill Poulos and Profits Run has been nothing but positive.
I've tried most of Bill's programs and only asked for a refund on one because I didn't have time to use it. He honored my refund request promptly.
I like Bill because he is honest in his teachings. Sure, his marketing is strong but he always tells the truth and says upfront you will not win every trade. He also tries to discourage you from trading if you don't have the money. That's important.
Trading is risky and I like that Bill focuses on limiting risk with all his programs.
That was long & boring
I clicked a link to his website to view his video. Predictably it has no fastforward, pause, or pictures. It's just the words streaming by as he reads -- which he could simply put into a document, you could skip in a few seconds!
So finally he gives 5 secrets of why people lose money. To make money trading (not investing):
1) Use precision pinpoint trades, not trades over weeks or months.
2) You can short the market too. It's not riskier than being long. (Which isn't true -- since over long time periods the market goes up, though a particular company made go to zero. But shorting isn't as risky as people think.)
3) Ignore the gurus.
4) Spend 20 mins a day placing your trades. No need to sit and watch the ticks go by.
That's it. Well, maybe I missed something because I kept muting it and doing other things. I'd unmute every few seconds to see if he'd stop talking about all the irrelevant sales pitches about spending time with family, and how disappointing it is to lose when trading...along enough to say something useful.
So if you were wondering... now you know and don't have to watch the video. I'm certainly not buying something from someone who at the onset has a product so weak he has to waste tons of my time selling to me, instead of getting to the point and having the valuable product do the selling for him.
Glad I read reviewopedia
I found a lot of plugs for Bill Poulos MarketMastery program, however they were thinly veiled as objective reviews. I finally happened to surf into Reviewpedia and was confronted with scores of negative reviews. I was about to get sucked into one of his deadline offers but have decided against it --knowing that even if he did give a refund which he clearly does not, that I would still get tons of scamail. I recommend that anyone interested in the Bill Poulos program read the reviews here and then subscribe at your own peril. FTR I am not a plugger for reviewpedia-- read the reviews for yourself.
I bought the system and was not happy with it's performance. The big red flag was when Bill started sending me all kinds of other offers. If this one was so good, why would he send me others?
I do not recommend buying anything from Bill Poulos. He makes his money selling programs instead of being a serious trader.
Total scam and good luck getting money back
I tried the instant option course; it’s intended to profit from vertical spreads using the expiration of weekly options. However the cases he shows are usually not tradable, often they will show a trade that will supposedly net a certain credit, but in fact the real trades are not even close to this amount. An example they showed a call spreads for GMCR with a credit of .25 the actual trade shows a credit of .05, the same week they had a credit spread on BMY to net .08, the actual trade was .02. So I decided to cancel and ask for my money back. Supposedly if you cancel within 30 days you receive a full refund. Good luck with that. I first tried cancelling my course and asking for a refund via e-mail. After several attempts I was received an e-mail to call they director of client relations at 248-397-4204. When I called that number it says you have reached Dave … the voice mail then says the mail box is full and hangs up. After trying the phone several times, I sent some threatening emails, finally I received an e-mail saying I had to complete and RMA see attached link, but there was no attached link. Since then I have been unable to get this supposed link, or find a person to talk too, and course now I am past the 30 days.
So RUN, do not sign up for these courses
Thoughts on Bill Poulos
I purchased a course from Bill once years ago. The trading method wasn't right for me, he refunded my money with no problem when I returned it. Bill and his son Greg offer very good support and follow up[ instruction on the one course of his I still have, I receive numerous follow up emails with the most recent examples of market action and trading opportunities.
My general take on Bill is that his instruction and techniques get better as he devises new ways to pull money from the market. (I have the Forex Profit Multiplier)
One thing I will mention is that trading is not easy...at first. There is a learning curve that must take place. When I say that Bill's teaching gets better over the years, I am addressing this issue primarily. Depending on one's base-line of market and trading knowledge. I have studied a whole gamut of markets and have purchased many books over the years. My conclusion is that the markets are fluid and one CAN make money with a proven methodology and a total immersion into the learning time and effort absolutely required.
Bill gives you a base-line to begin with. You may find yourself tweaking whichever "Profits Run" course you decide on as you gain experience. I stress; these markets are fluid. And you as a trader must be fluid as well.
Paul Tudor Jones of the Tudor fund never stops searching for new ways to squeeze money out of the vast array of markets he trades.
Bill Poulos has always been a straight shooter as far as I am concerned. Granted, he makes a lot of money selling his trading courses and software. There is no sin that. He does trade and as far as I know, he trades profitably.
If you decide to purchase one of his courses, be sure it a "good fit" for your psychological make up.
At this stage of my trading, I am interested in his new course on options income. This is a style of trading which is a good fit for my demeanor. This is trading credit spreads on options in which one puts on monthly option spreads in which you collect the premium at the beginning of the monthly option cycle (Options expire on the third Friday of every month, so that is when you would be selling options for the next month). Sounds simple and easy, but one needs to learn how to adjust the trades when an adverse market move takes place.
I have books on spreads and have purchased two courses, neither were satisfactory in teaching the most important part of credit spreads, namely; The Adjustments. I think Bill's course will cover that, though I cannot make a real judgement until I see the course.
So, I'll give Bill five stars based upon the two transactions I have had with him over the years. As I have previously stated, he has always been a straight shooter with me. Charles W.
I purchased the Forex Accelerator. I have followed trade "alerts" for years now. The "methodology" is ridiculous. There are far more losers than winners. Once in a while a winner comes along but it is so rare that it seems more chance than anything. Maybe the occasional winner wipes out the losers. I don't know. But I can't throw money away like this. I did ask why Bill doesn't post any sort of track record and got a vague answer at best. I would say the system is based on throwing darts and hoping one sticks long enough to wipe out the losers. Definitely not a "trading strategy". BTW, I personally use basic technical analysis methods which FAR outshine this hunk of junk.
Dishonest Business Practice
A few months ago, I agreed to pay about 5 bucks to sample the newsletter and have access to whatever free "bonus" reports were included. My understanding was that this was a one time, no obligation agreement, but now they have automatically chaged my credit card for an additional 97 bucks for an entire years subscription. Since I had not authorized this, I called to question the charge. To put it briefly, I got nowhere. They must be desparate, because they would not even consider refunding my money and insisted that I agreed to the additional charge in the orginal order, unless I had called to cancel. If one has this much trouble over a mere newletter, I hate to think what it would be like to use their more costly tools and services. IMHO, there are better financial newsletters and services out there - don't waste your time here.
Bill is a very good tv news reader
I have followed educations for years, and think that he is a very good news reader rather than a good trader. He read his stuff very clear and quick.
Stay away !!!
Poulos is a crook. His program is very shallow to say the 'best' ! Big money up front ... NO refunds.
this guy's economic doomsday-ism isn't based in reality whatsoever.
yes, treasuries are lower than inflation, why?, because credit markets favor the US' AA+ (former AAA, thanks a lot tea party)over the debt of other countries. Yes the fed is buying a lot of bonds. QE 1, 2 and 3 are giving the banks that money a very low rate, thus encouraging them to lend more to small businesses. Hyperinflation isn't coming. You don't get inflation in an economy as large as ours until you are at full employment and we are far from that."Default is inevitable," The U.S. has plenty of investors trying to buy its debt, and we finally are starting to cut our addiction to low taxes.
If you observe nearly all his videos carefully .... you will notice that he admits poor results in the fact that he says " His students keep returning "
Think about it ...
If his software did what he claimed then why would students RETURN to him?
if indeed his students do return then that is probably the general lack of the average IQ of most of them being shown and nothing else.
If you cant keep your money in your own hands now then .. yeah :)
I cannot get rid of the spam that continues to choke my email after years of asking Bill and his associates to stop. I think Bill really needs to consider people may not always be in a position to happily accept his relentless correspondence without any means of unsubscribing.
This guy. Sounds so familiar to the YES attitude audiobook. I would be very careful. Hey Bill, where is that info you promised at the beginning of your 45 minute video? Oh yea fork over 40 bucks after making me listen to 30 minutes? A joke Bill. Really. Government trying to steal my money? And you too? Wow.