Parabolic Option

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Category: Business & Finances

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Parabolic Option Reviews

TraderDubed July 21, 2010
lost money beware
Just a warning - I have been a Parabolic Options subscriber for some time and made boatloads of money and lost much much more. He (John Lansing) doesn't set any stops and lets all trades expire worthless... I am almost broke this time - my fault really as I know better and should use my own risk management. He just keeps sticking with his analysis even if it goes 750 points agains't him. He does not look out for his members. There were about about 25 open trades last week (july 2010 expiration) and he let all 25 expire worthless - unbelievable. Along the way he just kept telling everyone to buy more and more - getting super leveraged. I do think he is smart and can read charts - he just doesn't let the market come to him - he really trys to predict where we are going - which is fine if it works. Given economic news, earnings and other factors the charts cannot run alone right now.This market is insane. If you go with him use your own risk management - I learned the hard way and I am going to pay for it for years if I can ever recover and it only took two weeks to wipe me out.

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