Note: This review is in reference to Triple Threat Trading which may be a different company than discussed elsewhere in this thread.
I took the free course offered by Jason Stapleton which they now call the “2 week Boot camp”. I also subscribed to the Trading Insider program which was “on sale” for $100.00 per month.
First, the Boot camp:
Most of the approximately 30 hours of "instruction: is 90% motivational speech and only 10% “training”. This is not bad, necessarily. Everything Jason says regarding trading is essentially true but I was put off by some unnecessarily political statements he made with which I disagree. Further, Jason is, admittedly, a bit obnoxious. As an instructor, I know students can be annoying but instructors need to be patient and expectant of that. To react obnoxiously only reflects poorly on the instructor. But that is all a digression.
I don’t regret spending the time in the free forex boot camp. There were some interesting speakers and Jason does reveal some powerful trading strategies, but his strategies are strictly for folks with extensive trading accounts that can weather frequent drawdowns. This is not how I trade.
Some of the Bootcamp is designed to justify why you need to spend $3000.00 on a trading system. Jason related this to owning a franchise. You pay for an established business plan, rather than try to be successful on your own. All true I guess, but again, you don’t need THIS system to be successful.
That said, I have no doubt that the system is good stuff. But is it $3,000 good? I would rather load up my trading account with the $3000.00 and take less risky trades and watch that money grow.
At first, I really got the impression that Jason just wanted to share his success, but in the months since I took the free course I have been inundated with emails that push “limited offers”. This leads me to believe that Jason’s “trading enterprise” is more about sales than actual trading.
Now, Big Mo:
I was on the fence about whether to buy the “Big-Mo” system until I saw the video Jason produced to market it. They claim that they are only offering the system as a favor to a friend who has cancer and is without a car. The rest of the details are strange. Supposedly, Jason is giving the friend his used car but this seems dependent on the sale of 100 copies of Big-Mo. So you do the math. $400.00 times 100 is how much? Enough to buy Jason the new car he talks about. Nothing in the video said that they were giving the proceeds to the friend. Just the used car. This make me wonder, again, how successful a trader Jason really is. I was ready to grab up Big-Mo until I saw this circus. Afterward, I felt like an idiot for even considering it. They act as though they had no intention of selling Big-Mo until this situation arose but then they explained how much effort and expense went into the training platform that accompanies the system. This tells me two things.
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They have long intended to sell this system.
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They will be selling far more than 100 copies.
So why the song and dance?
In fairness, this is not unlike the tricks most retailers use to goad us into making impulse purchases, except for the strange cancer-car story which I thought was in poor taste. If it were true they could have just done it instead of making a public issue of it.
Finally, the “insider” program:
I subscribed for a while before canceling my subscription. In that time only a handful of trades came across the “trade-caster” and NONE panned out. I get better “signals” from Forex.com’s twitter feed. And these are free. In addition, the weekly training that came with the program was rank beginner stuff. You can learn more in Baby Pips’ School.
I was concerned that I would still be charged after canceling my subscription but, to their credit, they canceled my account at my request and so far I have not seen any unauthorized charges.
In summary, my overall impression is that taking the boot camp 2.0 course is like joining an exclusive club. This is tempting, but based on the lackluster performance of the “insider” program I wonder if the price is worth it all.
Personally, I would like to hear some feedback from folks who have followed Jason’s program for more than a year. I have decided I don’t need any of it but if anyone has some honest contrast to my experience it should be represented.
In all, I found these folks to be a bit over the top as far as marketing, but their honesty regarding cancellations was reassuring for anyone who wants to give it a try. I trust them in this regard.