I subscribed with Adam Mesh for some time. Here is a summary of my actions with them, a direct copy of what I mailed to them:
About 3 years ago, I signed on to OMM. But after a trial period, I got refunded because it was not doing well and was new; the track record wasn't long enough.
About a year later, I saw you had a better track record and purchased ORM. When that started losing too much more than it gained, I called in a changed back to OMM. I don't recall; I may have tried OWM in there somewhere too. But OMM also was experiencing more losses than wins, and my live account was dwindling, and I ceased trading it around the end of 2017.
Yet each week it seemed I there was some new 'stellar' offer to in my mailbox to sign up for something new. When the one regarding Christian Tharp came along, it sounded lucrative so I called in. But the $3000 price tag was beyond me and eventually you convinced me to put in another $500, and applied $500 of my previous $1500 to give me a two month tester.
Since then my account has dwindled now so low that I can barely trade anymore. I have traded Christian's picks religiously for 5 weeks, not daring to diverge much, because I needed to give it a fair shot and not risk "going rogue". Beginning at $5000, my account is now at $800.
Here are my trading notes for what has happened with Christian:
ADAM MESH NOTES - FRIDAY PROFIT
15Jun18 : Risked $500 - Overall profit ~$535
Made 2 BABA trades; first one big winner, second one very small.
22Jun18 : Risked $600 - Overall profit < $50
Bought RHT, risk $600. Could have more than doubled, but took
advice and it plummeted back down; got out with < $50 profit. He also
told us to take another trade, but eTrade had issues and forced me to
miss the trade, which I could have likely made $1000 on.
29Jun18 : Risked $500 - Overall LOSS ~$510
Tried to enter BABA for $1, could not get in (no one did). Then he
said to get $190 calls for 0.50, but again. eTrade told me I could not
do it because of my first open order (I think). But I canceled it and
put it back and it took it, filling 10-20 inutes later, which then lost.
Tried to enter BIDU 247.5 calls for 0.50 but ended up placing it wrong,
as a sell. So missed it, and cancelled it. It faltered, but about an
hour later, it could have been exited for 100% and I would have at that
point since BABA was not going according to his plan. Christian said to
exit @ 200%, but it did not make that. So overall I'd have to say I
missed out on this one. cause I would have taken 100%, but not sure how
it would have worked out if I demanded 200%.
Then he said to take NVDA 240 calls for $1 and I placed it quickly, but
did not get filled. Have to pretty much just pre-guess Christian it
seems, cause 60 seconds before he committed, I could have gotten in for
0.94. This happened last week too. 30-45 minutes later it came down
to $1, but I had cancelled by then because NVDA wasn't looking promising
anymore. It hadn't gone up as he'd expected and I did not want to risk
another $500 on a possible loser when BABA was losing. Apparently, I
dodged a bullet on this failure to fill.
6Jul18 : Risked $475 - - Overall LOSS ~$485
He was not enthused about market today, but took BIDU 245 puts for 0.95,
and that went the wrong way for a while, got down to about 60 cents.
Continued higher and higher. Total loss.
Tried NVDA 245 call for 0.35, but it didn't fill. 20 minutes later came
down to maybe 42 cents, but didn't make it. Then it made a move up,
so removed open order 40 minutes later. It made it to 84 cents at one
point before he ended call, so could have doubled money anyway. Would
most likely NOT have tried to sell @ $2 as he suggested; would have set
something up to sell @ $1.10 to triple my money and cover the loss.
That would have hit around 8:10, shortly after the call ended.
But of course, repeatedly, I cannot seem to get into the trades when he
takes them. I don't know how he gets the fills. If I raise my price,
it just means I will make less on the winners and lose more on the losers.
So 4 weeks in, and now I'm down ~$500 plus another $500 for the course.
13Jul18 : Risked $1170 - Overall LOSS ~$710
Said to put in GOOGL at $5, chose 4.80, which filled pretty quick.
Directly after, he said to take NFLX at up tp $2; by the time I could
click and select price, it was 2.20, so I put it in for 1.95 and waited.
Filled a few minutes later, as GOOGL went down to 3.30. NFLX kept
dumping, down to 85 cents...
He then took BIDU 272.50 calls for 0.50; I got into 6 at that price.
That's 3 trades, so I was maxed out. For this week, all 3 of these
trades, I could have gotten into at a MUCH better price (just to take
Google recovered; at end of call he had us put in limit to sell at 15.
Said not to let it go under 5; if GOOGL gets to 1212.xx raise stop
from 5 to 7. When the call ended, said he may send an alert on BIDU.
Cannot afford another losing week, and at 8am, it dropped below 7, so
changed GOOGL exit to 12.50 instead of 15. Dropped below 6 @ 8:05. Set
limit orders for NFLX and BIDU to exit at entry price plus 2 cents for
commission. Finally turned back up somewhat ~8:12.
8:40: Set up GOOGL to exit at 5.10 & 12.50, OCO.
8:42: SPX takes a fast $4 spike down, and all 3 stocks downturn as well.
8:45: Also reset BIDU for .07 ($42) as I have no faith it will go
anywhere. Same for NFLX. changed limit to .20.
With all 3 set up, I'm walking away, as watching is just STRESS, and
GOOGL is on another downtrend.
10:03: NFLX and BIDU all but dead; GOOGL @ 7.50.
10:23: As suspected, google crashed; exited at 4.80, so lost commission
on it, and full price on other two.
Therefore, I am wondering if you have any advice?
THIS WAS THE REPLY FROM THEIR REPRESENTATIVE, JOSH ROSEN:
I am sorry to hear about your portfolio. This unfortunately does come with the territory, not every trade is going to be a winner.
Christian is one of the greatest traders in the country and The Profit Machine even with a few losses recently is still up $29,000 since we started it in November.
It IS quite possible that I just joined on the biggest losing streak he's had, so that should be acknowledged. But for every other Adam Mesh strategy I have tried (OWM, ORM, OMM), I would caution. I have gone over all their trade alerts I received for Options Money Machine from the start of 2018 until mid-July, and after factoring realistic entry prices and subtracting commissions, their total for 2018 so far is about -$220. Do not believe the track records they post as they are rather optimistic.
So I would recommend, buyer-beware; which is probably the case for 99.9% of people out there looking to sell you some system. If it is so great, why do they not just trade it to make money; why the hassle of customer service, billing, etc. This is just another very over-hyped system, short on results.