- Report: #1480486
Complaint Review: Stock Option Coach - Santa Barbara CA
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Author Confirmed
Why?
Stock Option Coach
1156 Palomino Dr Santa Barbara, 93105 CA, United States
Phone:
805-669-9754
Web:
www.stockoptioncoach.com
Categories:
Business Rating:
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Tell us has your experience with this business or person been good?
Stock Option Coach Randall Hudgens Helped me lose 53% of my account in the first month Santa Barbara CA
I wanted to believe that the system would work. To be able to trade full time, work from home, and have pure freedom in life. For $3500, Randall agreed to give me the proven blueprint which he said in 10 years he has never had a losing month. In addition, three months of training to teach me to be successful. He emailed me 2 pre-recorded webinars which I watched in full.
I spent a week paper trading which actually showed positive returns. When I switched to live trading it seemed like I could never win a trade. TC 2000 is the brokerage platform they use and I believe the paper trading worked because it was not real time. Indicators are not reliable real time. When I reached out to Randall and let him know I was losing money and the program was not working, he became defensive and told me I was uncoachable and stopped offering feedback which was a joke to begin with.
In less than a month I lost 53% of my 10k account following his methods. He will tell you the right things before you sign up, afterwards, good luck even getting him on the phone. If you want to talk to him on the phone, he will tell you it costs $1k per hour for a consultation. (not disclosed at the beginning) He will also say he has a bunch of positive testimonials and no complaints.
I should have asked for his brokerage statements before I signed up. I have been doing options trading for over 10 years and wanted to believe he had a secret edge, but that was not the case.
3 Updates & Rebuttals
Rob
Longmont,Colorado,
United States
Hudgens Stock Option Coach is not to be trusted
#2General Comment
Thu, June 20, 2019
I have filed my own report but would like to add to this report. My experience with Hudgen's reaction towards me when I said I needed more help to understand was the same, he was totally defensive and refused to speak to me by phone and never responded to my Evernote questions.
The entire operation is very mom and pop Being successful at options trading is all dependent on how much work and discipline you put in to it and it's important to choose a mentor that can do that, mentor you and provide the nuts and bolts information for you to work with. Hudgens comes on with this claim that he's made it soooo simple and everyone else is way too complicated.
He would like to be regarded as this great mentor but he's clueless when it comes to sheparding you through tough times or difficulties you have with his "idea". Frankly beyond the 5 points he gives you on a piece of paper I don't think he can give you any advice. Since him I have had the pleasure of working real proffessionals and real mentors and the difference is astonishing along with your results.
I presume Randall is loved and respected by his family and friends but as a option mentor he is a class A jerk. If anyone would need further clarification as to why you should avoid him you can reach me at [email protected]
John
Takoma Park,United States
Exactly!
#3General Comment
Mon, June 17, 2019
Here's how it works-
Scammer sends out 10,000 offers to sell his Magic Stock Pick System and gets 3000 replies. Scammer then offers a wide variety of picks to those 3000, and 100 of them are awesomely accurate and 300 are accurate enough to want more. So Scammer sends out another 300 picks-again, varied- and this time 30 people score heavily and are convinced the Scammer is an infallible genius. 10 sign up for his program and hand over money. And then the Scammer takes that money and moves on to the next audience of suckers. The "investors" can't understand why the picks are no longer good and will probably never figured out that only a small percentage ever were.
These Beat the Market schemes were around in the 1920s, when the market could be legally rigged. Now they take advantage of mass emails to appear to be geniuses. They'll always be in business because greed is always a powerful incentive.
The Dog
United StatesOne Question
#4Consumer Comment
Sun, June 16, 2019
If this guy has the unfailing system, why would he want to share this with you for a few thousand dollars rather than make millions keeping it to himself? These people are looking for SUCKERS. Anybody in investing knows day trading is so risky, most people lose all their money and more! There is NO magic system, there are NO secrets Walk Street doesn't want you to know! These people run their SUCKER ADS and hope inexperienced people will swallow their BS hook, line and sinker. That's how they make money!!!
