Customer ReviewsforTraders Edge Network, LLC
5 Customer Reviews
- Date
- Highest Rating
- Lowest Rating
Review from Scott S
5 stars07/01/2024
I have read the reviews here and I will tell you they are dead wrong. What these folks provide has been invaluable for me. As a person who is very near retirement, I was seeking a way to earn an extra $50K to $100K annually in retirement. This is exactly what TE has taught me.Prior to becoming a TE member, I knew very little about stock options, accumulation / distribution, put protection, bull and bear spreads, call selling, put selling, market cycles and trends, overextension, support / resistance lines, moving averages, margin risk, why a certain and stock and why now, etc. what they all mean and how to interpret them.For me, I joined their WOW Insider and MMP membership, in addition to going through the mentoring program. What did it give me? The knowledge and confidence to take calculated risk and make money, which I have been.********* method is simple to understand, that people who are not well versed in numbers, will understand it.I find the cost to be reasonable. One who is unsure, can always join up on the monthly payment and if not satisfied, just cancel it. No harm, no foul.One of the great benefits of being a WOW member is you get access to a member forum which allows you to ask questions of other members. We all know we are in the same boat and have the same goal in mind, to make money. I find the forum to be extremely helpful for new members. I have posted my email address on the forum for new members who might have a question or needs assistance in understanding the maximum risk on a trade.This is not a get rich quick scheme and don't expect not to have losing trades. We all have them. This is about education on how to make more money, when to take your gains, knowing how to limit your risk and how minimize your losses.Try it, do the monthly payment, you can always cancel. For me, the profits I have made have far exceeded the cost of the education and membership.**************Review from David M
1 star03/09/2023
Lost 30% of my account in the last year. Totally bogus. Whether the market is bullish or bearish Ive lost money. Marketing schemeTraders Edge Network, LLC Response
03/10/2023
*****, we are definitely sorry to hear about any losses. That is always frustrating. I have to say, your comment doesn't seem to align with some of the comments you've made in our members area however. Nov. 11th you said, "Nice work on the Money Press trades this week ladies and gentlemen, happy hour starts early today ;) and you had also posted recently about how "on a good day I'm up $1k" using the strategy. If you had a major account swing you should definitely analyze position sizing, risk management, and some defensive approaches for when the account swings. Any strategy that has a potential return brings a potential risk.In the 20 years Traders Edge Network has helped individual investors there will always be rough patches, but that isn't any different than any other investment in the financial markets. We have seen our trading strategies help thousands and thousands of people over these 20 years and we definitely feel bad you didn't enjoy that same experience. We wish you nothing but the best and are always here if you'd like to try to learn and improve as a trader and investor.Review from Frederick S
1 star12/19/2022
I took an expensive ($800) class from them, with the sales pitch of very high returns (985% annualized) in the previous classes. I followed their trade recommendations and lost 25% of my account. I didn't even receive a refund of the $800 tuition I paid to lose 25% of my trading account. This company is a ripoff in my opinion.Traders Edge Network, LLC Response
12/21/2022
*********, we are definitely sorry to hear about your account performance. The class that you mentioned has seen very successful results for many years in the past. We've had hundreds of clients send in their account statements to show their tremendous results. Of course, just like any investment or trading strategy, past performance will never guarantee future results. (as we clearly state in our disclaimers). Traders Edge Network has been in business for 20 years and you don't have that kind of track record without taking care of your customers. We'd love to try to help you get back on track if you'd like to call us. If not, we sincerely wish you the best in whatever you pursue from here.Review from Jesse B
4 stars03/03/2022
I have been working on this a bit over a month now and have done nothing but follow their trades and watch every video i can get my hands on from there. There are lots of webinars to watch and i have, i have taken notes, i have messaged on boards, posted on Reddit, and done everything i possibly can to learn about these techniques and i agree with their plans... if this is done properly it's a very simple way to skim money on the weekly basis. The person complaining about markets correcting... so what? All investing is a risk, I've lost some and win some. Every trade they have issued so far has made a net positive gain. If you are out picking your own stocks and they are a loss, then i wouldn't blame them. So far, any inquiry i have made has been met with a good response and i am satisfied with the response and the price of the WoW package which is currently about $85/mo paid annually. Also, if you are not looking at your **** i can't imagine how you want a refund. The fact they gave that guy back 6 MONTHS of payments shows they just want us to be happy and aren't hurting for his money and running a good business.Traders Edge Network, LLC Response
12/21/2022
*****, we really appreciate the kind words! Our many happy customers rarely come write a review on this site, so we appreciate you taking the time to share your experience. Talk to you soon!Review from Fredie W
2 stars10/25/2021
I owned a full line insurance agency in *********, ** for 30 years, including property/casualty, life, health, and investment products. I had a series 6 & 63 securities license for 12 of those years.After hearing the many commercials by *************************************, AKA "*************************" about his Money Press Method, I was intrigued by the advertised if $3,000. To $5,000. per month is keeping you from retiring, the Money Press Method is your answer. I contacted the company and eventually invested in their one-year mentoring program. The cost was $10,000. I was encouraged to put this on a credit card as I should be able to pay it off soon. I was assigned to ********************************* as my mentor. The "one year" mentoring program turned out to be thirteen 45 minute online sessions with *******, plus the ability to contact him by email or phone for up to a year. Thants just under $800. per 45 minute session.What ******* taught me was the Money Press Method as ******* saw it. Basically, he taught me to identify prospective stocks using charts and then how to place option orders using the TD Ameritrade Think or Swim trading platform. The method is to simply buy a protective put option 3 months out, then sell weekly put options on the same stock. He teaches how to adjust these options on a daily basis, based on their Deltas. I also asked ******* why he wasnt teaching me anything about call options.. as ******* uses call options at least as much as the Money Press Method, which uses only puts? He said I dont teach about calls because you cant adjust them. I eventually learned that ******* and the other mentors all have different rules and methods on the money press method. Example: ******* says you need only devote 20 minutes every Friday to the Money Press. ******* said to devote 20 per day. When I asked ******* about this and why ******* ****** adhere to the rules I was given, he said ******* is a real cowboy. Another mentor, *********************, starts working on Sunday afternoon and then very early each trading day. Also, ****** teaches how to track and predict what the market will look like in advance. She also teaches how to track Accumulation/ Distribution, Gamblers Count, Gold price, Canary ETFs and Tickers, Princess ******* etc. This was extremely confusing, but ****** is VERY SUCCESSFUL.I emailed the Traders Edge home office and told them I was very disappointed in only knowing about the Money Press. They said I could watch Maggies weekly hour long webinar for free for 4 months.. which I did. Unfortunately, you really cannot learn without having direct access to the mentor.The Money Press is really designed to work in a consistent up trending to sideways market. It ****** work well in volatile market conditions. Dramatic *** or downs are not good for the Money Press. You MUST use different methods to make money on options if conditions are not right for the Money Press.Bottom line.. during the early part of 2021, I was up approx. $5,000. (on a $25,000. account) , then the market corrected several times. Now, after one year of working the Money Press Method every trading day, I have lost that $5,000. and another $2,000.Traders Edge Network, LLC Response
10/26/2021
Dear Sir, we just reviewed your customer account, and all of us here at ********************** Edge are sorry to hear about this feedback. We wish you would have reached out to us directly sooner. Our Mentoring Programs include the one-on-one sessions, follow-up access to your mentor, unlimited access to the Mentoring Hotline, access to memberships and video training libraries, and access to some of our live events all designed to help you learn in many different ways. This structure has been very successful for thousands of students over our 18 years of being in business. Looking at it from just the perspective of the one-on-one sessions is a very limited view. We want you to take advantage of all of the learning opportunities we try to put in your path and help you with. We also have a Satisfaction Guarantee /Personal Training Guarantee with our mentoring programs. If you weren't satisfied, you could have reached out to us and we would have extended your mentoring time, added more one-on-one sessions, or tried to help you figure out some solution. We'd still like to offer that to you. Please contact our office if you'd like more info on how we'd gladly help you.We are sorry your results haven't been as you'd hoped. Obviously any type investing involves risk and there are many ways your trades and account could be impacted by outside factors along with what you are doing with your positions on a week-to-week basis. We know hundreds of our students have had an incredible year performance-wise and we'd love to see if we can get you back on track. Either way we wish you nothing but the best. Thanks and good luck.
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