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.