Periodically we get email promotions that link to videos, so I give them a watch.  I just got this one, so let me give you my thoughts…   Their statements are in italics…

Trade Station partners with Market Authority

Ok, I’ve heard of Trade Station – that lends some validity to the ad.

Adrian Manz – Income Trading Academy Review

I’ve seen this guys name before attached to other services.  As someone who’s written pretty much the same newsletter for the past 14 years, it always amazes me how others don’t…

Make up to $443,580 a year…

That’s a pretty precise dollar value.  Are you starting with $1,000, $100,000 – or even more?

Tradestation will pay up to 100% of your tuition.

Of course, you have to wait until the end of the 50 minute presentation to hear how to get trade station to pay it…

It starts with Adrian’s back ground.   My guess is they saved a little money by using this piece from his other market advisories…

The question I always get (as a newsletter writer) is if your system is so good, why do you have to write a newsletter?  That’s a great question.  And normally, I’d respond in saying that any system goes through this thing called a draw down.  A drawdown is a period where the system produces a negative return.  So I provide my system in a newsletter called the Stock Barometer and make income educating traders even while my system is in a drawdown.  It’s that simple…

Back to listening to the ad…

Income Trading Academy Review

Wow, he has a 2.8M beach house on California’s Balboa Island where celebrities like John Wayne and Nicolas Cage had houses…   I was surprised by the use of the word ‘had’ – couldn’t they find any cool people living there now?

7 years without a losing month?  Ok, now you’re starting to sound a little like Bernie Madoff…

Once in a lifetime opportunity?  I’m sure there’ll be others 😉

And he can show us how to achieve this level of success…   Why doesn’t he just open a hedge fund 😉  Or why doesn’t a hedge fund start following him?

Oh, ok. He’s referencing his Daily Income Trader – and that he’s been publishing it for 8 years now.  So this isn’t a push of his newsletter – it’s a push of his teaching!  Average annual return of 185% over those 8 years.  That’s again, a little Bernie Madoff sounding, but I’d take a look at his trading accounts.  (or are these hypothetical returns?)

Sounds too good to be true?

Ooh, they using leverage.  But the biggest loss they had was only 6.6%.

Ok, here’s the deal on Trade Station covering your membership fee.  And it’s a $9,997 Membership fee!  

First, you have to open a Trade Station Account.  Oh yeah, and fully fund it.  THEN Tradestation will rebate 20% of all your trading commissions until they’ve covered your full $997 membership fee in the Income Trading Acadamy.   So how much is their trading commission?  They don’t say…  But on trade Stations’ website, fees are pretty cheap.  9.99 a trade (+ .20 a contract) for 1-9 trades per month.  That drops to   4.99 (+.20 per contract) for 200 or more trades a month.    There’s no mention of the trading activity level in his system.  But say you hit the 200+ level, that’s $1k a month in fees, which you’ll save $200 towards your $9,997 membership fee. 

Trade Station

Hey, they’ll also give you the TradeStation trading platform free!   Oh wait – all brokerage clients get it free.  You only have to pay if you want to access the software without opening an account.

So Trade Station is still getting their commissions, you’re getting a braek on the commissions, up to the $9,997.  That’s basically 4 years!  Not too bad…  From my perspective, TradeStation wins here, because they get your money, they get your margin interest, and they still get commissions…just slightly less.  And you still have to pay $9,997 to get access to the academy – and what happens if you flunk out 😉

So what do I think of Adrian Manz – Income Trading Academy?

I’ve heard enough.  Whenever it sounds too good to be true, then it usually is…

This also comes out from Market Authority.  Was this the old Wealth Insider Alliance?  Name changes always make me a little weary… 

This somewhat sarcastic and opinionated review was provided by:

www.stockbarometer.com

We’ve been around for 10 years and we don’t need to advertise…No overhype here – just over deliver…