Bill Poulos Profits Run Reviews

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.

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.

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.

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

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.

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.

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.

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't 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.

NITTY GRITTY TRADING COURSE

I purchased the Poulos "Nitty Gritty Stock Trading Course" for $45. What could I loose- only $45 so I gave it a try. In the course, he spent a lot of time explaining how it worked with a number of examples under different market conditions both on the long and short side.

You need Worden's TC2000 software to use it for scanning the market. I have TC2000 Platinum V-12 with intra-day charting and scanning capabilities. I plugged in his Scan PCFs (Personal Criteria Formulas) into the program. It scanned the market in mili-seconds for stocks meeting the PCF criteria.

He recommended a maximum of 2% risk/trade. This rule and can be found in "A Trader's Money Management System" by Bennett A. McDowell (John Wiley and Sons, 2008) with references from Balsara and Chande on money management methods.

I found the 2% rule to be much too high risk for me so I cut it back by a factor 8-10 or 0.2 to 0.25% max risk per trade if stopped out. This risk level was much more tolerable. If I put on 8 trades, they totaled a maximum 2% risk for all 8, not just one trade. It was like a personal mutual fund.

This worked out since the market was hot in the beginning of 2012 and the scan found many set ups. I loaded up 8-10 trades at a time. Most worked out fine following his rule: take 1/2 off at target, move up stop to break-even, and raise trailing stops on the other half until stopped out. This maximized gains and cut risk to zero. The idea was to work with the House's money, not yours.

Then came the day when the market had a severe down turn. About 5 or 6 stopped out, but the total loss less than 2%. Since that was the predicted risk, I wasn't bothered or lost sleep over it. I took the risk and it happened. But, some still dropped further. I lost less, but some also recovered to higher highs- darn.

I can't blame myself for following my own rule. By and large, it kept me out of trouble and still in the game.

However, I discovered some problems with the Nitty Gritty method as it came "out of the box". I had to twink it to make it work for me.

The buy signal is triggered by any new high over the last three days low as set by the "Nitty Gritty" PCF. A high rising candlestick tail can trigger the buy even if the stock immediately pulls back. This can be a fooler.

Poulos considers the possibility of pull backs after the buy by setting the stop to an acceptable range to let the price cycle down then up again without hitting it. He even adds a 0.05% of price buffer under the low for added protection. The stop is considered to be the point of no return.

However, in some cases the stock pulls back and just hits the stop set at the low + buffer. I found his 0.05% of price buffer insufficient so I increased it to 0.1%. That added slightly more risk but prevented a good many stop outs.

A second tweak was stop management. Poulos said to leave the stop as originally set until the first target was hit, then raise to break even. I found this unacceptable. With a choppy market, some stocks rose about 50% between the buy and target prices so it was best to raise the stop up to resistance on the 30 or 60 min intra-day chart, which ever looked showed the best visual trend pattern. The goal was to take off risk as quickly as possible.

This worked fine. Even with a few premature stop outs, there were small gains, but not losses.

Also, he only discussed "price stops", not "time stops". I found that if the trade didn't move in the right direction after a few days and dropped back near the initial stop or languished in a range, it was best to get out with a slight loss before being stopped out at a lower price. I had to use some judgement with the method and adjust trading accordingly as market conditions changed.

In summary, the Poulos "Nitty Gritty" method is a hands-on, manual, very conservative approach to stock trading. Risk control is the first consideration. However, the method must be adjusted for market conditions and personal risk tolerance. Personal judgement MUST be involved and you should not follow the method blindly out of the box.

I feel the program is worthwhile only if you are willing to try it and make the necessary adjustments to fit your expectations and risk tolerance. It just provides sound, conservative guidelines to trading. However, it isn't written in stone. The price is right and worth it.

For that reason, I would stay away from his expensive "Market Mastery" and other software that does the work for you. He may have good, conservative trading ideas, but I believe they have to be used with common sense and old fashioned hands-on, manual experience. Trading is not easy and there is a lot to learn about it.

bs nothing more

marketing by exaggeration and honoring himself as honest

systems are nothing special. repackaged in thousand forms. available everywhere. very limited use.

you will not learn to trade with that one

but you can help him get rich quick so go ahead and give him your money you don't need it anyway

I think Poulos is a big scam. There is no support, one never gets any replies to emails. Using his Forex Profit Accelerator I lost money. Very few positive trades. I even paid for one on one tuition which was useless. This was provided via Poulos by the Beacon Learning Group, "Learning" what a joke. This also provided access to their resource Centre. When I contacted them for some advice the person I spoke to didn't have a clue on the FPA and couldn't help me much on Forex.

The only thing I get from Poulos is continuous emails, which clog up my inbox, trying to sell products even though I have unsubscribed from their mailing list. Whats even worse is that other Forex Traders also try and sell you Poulos' junk. My advice stay away from him or throw your money down the drain.

Tom I hope this helps you decide.

P.S I unfortunately paid more for the course than he is now selling it for. When I asked for a refund as it was useless I was told they don't give refunds!!! So much for money back guarantee.

There are a lot of free indicators out there which I have foung much more helfull.

I bought the FIE Trade Alert software. I have more loosing trade almost 80 % when I use this software. I have sent back the course material and ask for the refund, no response from profits run. Please Stay away. It is a well planned scam.

Re the FIE. Traded it solidly for 24 hours to see if the claims were true. Frankly, I personally would not use this product. I used only a demo account but the losses were heavy even sticking to the 2% rule. Over 75% of trades in that period were losses. The guarantee is to trade the FIE for 2 weeks in the 60 day period. However, It would not make any difference to how the software worked. It is probably fine in a trending market but put a little volatility in and wham.....loss after loss after loss! I am an experienced trader but wanted a more automated system so I did not have to be chained to a screen all day and using the forex (of which I am NOT that experienced). This one certainly is not it. The 'free trade' is a farce. In the UK we use trailing stops but even this did not stop the losses mounting.

Maybe ok for the real novice but anyone experienced...stay away.

I have to give a fair rating because the training is good. Additionally he gives your email out. I got thousands of UNWANTED emails. After asking his folks to take me off the list they disavow any collusion. I coded my name so I would know who gave it out. He uses SNAKE OIL"" marketing practices. His current offering Portfolio Profit: he is tell folks to get on a list to get it right away before he closes the offer. He is still analyzing the price!! Hell no he trying to see how many are listening to his BS and will set the price according to demand. That is why he is not tell you what the price is,,, it is all about HYPE. That diminishes his credibility in my eyes.

And LAST -even if you get a money back guarantee, he has your money in his bank making money and how many people actually take the time to get their money back.