Best Choice Software Market Timers Software Scam Investing Software, Glorified Search Engine, Company owner Lies, Internet

I attended another 5-6 hour Best Choice seminar, after trade show class, at the end of the Orlando Trading Show on Feb. 2nd 2013.  Sunny presented the software pretty much the same as he has in the past.  Pete was missing from the session this year.  Telling basically the same false hoods about the program as before.  He didnt give the asinine stats about one horse races and card probabilities etc that he has always done before.



The same problems are still present in the software as always.  They claim that they have price and earnings on the same chart that can be used to evaluate the relative value of the stock compared to the earnings.  It is one of their major points of use of the program however there is one major problem relative to this.  That being the earnings data is missing often times as far back as 1.5 years making

this aspect of the program useless.  Even on two of the most valuable stocks in the market they are missing.  The earnings for Google are currently missing the last two quarters of 2012.  They are

missing for the 3rd. quarter for 2012 for Apple Computer which was the most valuable company in the world.  In both case they are not on the correct dates.

 

Something new has been added to Best Choices choices however.  That being a new day trading

concept developed by one of Best Choices users.  It doesnt use any aspect of Best Choice but

you have to own Best Choice to participate.  That is all fine and dandy however it is very expensive in my

opinion.  They charge $150 per week to participate in the trading and $155 for some of their training webinars.  I doubt how successful it will be for them with that kind of pricing within a limited set of users.  Although true if you are making big money, as they say you will, the cost might be worth the amount.  Out of my price range in any case.



During the past years of dealing with Best Choice I had been led to believe that to open a live account at Think or Swim I had to deposit $3,500 minimum.  What I have discovered is that was always not true.  I opened an account directly with them with a $2,000 amount.  What you get with the larger minimum through Best Choice are cheaper trades.  I had always been told by the pros that to trade stocks or options I had to have a large trading account.  The above being the reason I never used the software from 2006 until 2011 and when I did try to then I found out the problems associated with it.  I took their highly touted GOOGLE TRADE in October 2012 and of course this was the year it BOMBED.  Of course from what I suspected because it was at the High Extreme it wasnt likely to be successful unlike 2011 when it was at the low extreme.

 

Think very hard about purchasing this software although with complete and up to date data I think it can work as a good search engine which Best Choice called Amazing Search Engine in the program schedule for the Money Show. It is certainly not worth the $5,000 price and you can't even give

it away to anyone but a family member and that is difficult. 



If Best Choice was honorable they would provide a trial period with a full refund in as much as they have the ability to control it's use by their licensing method.  At least allow you to sell it to another user.  If

it worked as they say it will what would they possibly have to lose?  It would increase their sales tremendously.

Talk about "Crazy Loose Cannons", yes he has gone bananas!!  He talks about user groups.  His own and a Yahoo Group which I joined and because I posted information about the missing data I was banned from that group.  They claim they are not controlled by Best Choice but I do not believe that is a true statement.

I was very specific about what is wrong with the software with the missing data being the biggest problem.  That and the total lack of support to users who bought it years ago. When something doesn't work like the very person who wrote it claims it does time after time, year after year, then what I have said before only becomes more powerful and meaningful.

He is correct and it is exactly what I said it is but nothing like what the owners of Best Choice claim it to be. It is a $5,000 search TOOL to sort out specific information from a database which any brokers platform can do. When the data is flawed or missing the software becomes useless.

For Best Choice to work like the owners say it has to display correctly on their charts. If I have to take the search results and analyze the stock or option on a brokers charts then I have to spend thousands of dollars on specific trading training and that is not what the owners of Best Choice portray in their sales pitch and in their specific after show classes which is what their sales pitch is all about.  They claim you can trade completely on the basis of the software itself as a completely stand alone product.

Sure you can test it for $895 for a specific length of time but you wont get that money back if you find it does not work for you.

My family and I are happy Best Choice customer [my ONLY connection to Best Choice is as a customer], and my family and we/I have been using it for somewhere around four years now. I like it so much I created a users group and Yahoo! Group for other users and myself. I personally know MANY [hundreds] very happy and consistently successful traders using the Best Choice Software [TOOL]. Anyone is welcomed to come to my free monthly users group meetings [no need to own the software to attend/join, dates, time and location can be found on the Yahoo! Group] as well as join my free Best Choice Yahoo! Group too, and you too will get to know many of these same folks. You will see me posted as GoBananas, some call me Banana Guy. I'm writing this report here on RipOff Reports because I was told about some sadly untrue and unfair reports from some crazy loose cannons that are out there in the world [we all know some] that have slammed Best Choice. I tell everyone, that like most market software, Best Choice is a TOOL, and a very good TOOL. Like a hammer, in the right hands good things can be accomplished, in the wrong hands someone can get hurt, but you cant blame the hammer for those injuries. I have met folks who have hurt themselves using Best Choice in ways they never should have. Many have learned from their mistakes and gone on to learn how to use that tool and other tools correctly and no longer hurt themselves. I also know many VERY successful traders that use Best Choice. So in closing, please be a responsible consumer of information and be skeptical of all including of me. Find out for yourself what the truth truly is about Best Choice. Im convinced you too will find it is an excellent tool and that the folks at the company care about their customers. Thanks for taking the time to read my report.

I attended another 5-6 Hr. Best Choice, after trade show class, after the Orlando Trading show in February 2012.  In it Sunny & Pete presented their software pretty much the same as in the past that I have seen.  In the class they of course promote the software as being basically fool proof if you do what they teach to use it.

One of their major claims to fame being to have price and earnings on the same chart to evaluate a stocks relative value.  Big problem I discuss at the end of this post.

The three basic things they teach about the software itself, beyond its program features, concerning trading with it are:

1.  Use their extremes to time entries.  When considering a stock in an up trend wait until it falls below the 10% extreme and then buy at or out of the money Calls within an expected price range movement of the width of the extremes or less.  When considering a stock in a down trend wait until it goes above the 90% extreme and buy at the money or out of he money Puts within an expected price range movement.

2.   Use the seasonality movements when they are available to either buy calls or puts depending on the direction of expected movement for the time period.  According to Sunny the seasonality movements     even TRUMP the extremes.  Meaning to say even if the price is at a high point of the extremes to enter by buying calls on an up trending stock and vice versa on a down trending stock.

3.   Use the price and earnings charts together to aid in making a decision of whether the stock is over priced or under priced over all.  In other words if the current price slope is below the earnings slope the stock is probably under priced and of course vice versa.  This used in conjunction with the extremes is supposed to tell you which direction the trade will probably be successful.

Now for the current issue I find to be a big problem.  That is their earnings data is missing for a large number of stocks which in turn tweaks the charts making them unusable.  I let my data expire in August of 2011 when I found hundreds of them missing earnings data for a period back 1.5 years.  After my unsuccessful trials I began to understand why.

I was told the data had been fixed so I paid for data starting again in February of this year.  In preliminary checking for stocks my daughter trades I found that the same problem present.  I have not looked at the default list of stocks yet but I am willing to bet the same condition exists as it did last August.

I asked both Sunny & Pete at the class what their thoughts was about earnings data.  Sunny said it was not important while Pete said it was very important, almost critical.  However Pete will not answer the question I have asked him of why arent the earnings data correct.  In as much as its from National Data, who is owned by Best Choice, I think it is their responsibility to have it complete and up to date.

Think very hard about purchasing this software although with complete and up to date data I think it can work.

Id like to file a rebuttal to your author.  First of all, he is anonymous so we don't know how to help him unless he calls the our office at 941-747-5858.  He doesn't discuss any actual trades made so it is unclear what he has done.

To be fair and balanced, I have attached 11 emails from other satisfied users.  They are quite specific on what trades they took.  Also, if someone would like to read about the software, Stocks and Commodities magazine did an intensive analysis.  You can read it at: www.traders.com/Reprints/PDF_reprints/BC_BEST.PDF

Pete Hoyt
Best Choice Software

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 While we were talking, you had me look at the 6 month chart of a few stocks (ICE and CME were two of them). They both had nice large cyclical swings. Well, I used that and tried a trade on ICE. On 2/1/07 I purchased 20 contracts of the MAR 155 Calls at $2.70 (for a total cost of $5,400). At the time ICE was trading at $134.55 (so the calls were $20 out of the money). At the time, ICE was at an extreme of 49% (on the 6 mo chart), not ideal for this kind of trade, but given the options were 45 days out, it seemed to me that the cycle would work.

 Well, today is 2/8/07, only a week later, and I am cashing this trade out at $9.20 (the stock is trading at $154.80). That is a 240+% gain on the options in 7 days (14,645% annualized) on a 15% move in the stock.

- B.
Newman

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Friday, I finally paid for the full subscription from my "winnings" using your Best Choice Software. So through some of the worst trading times (late summer) I managed to reap an over-121% (annualized) return on my little $40k portfolio. It would have been about 377% if I had really trusted your software for the full-recommended lt trades on three of the holdings (GDP, NVDA, RIMM)!

And so far, not a single losing position.

- C. Spengler

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Thought I'd give you and update on my latest trade. I bought a 60 August Put on APOL 7/27 and sold it today for a 380% profit. Not a bad profit for 9 days of work. I found this using the search wizard and cycles charts in BestChoice.

Thanks

- D.

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Your program has helped me recently in picking out a longer term position with Apple.  For an investment on $1200 I made a return of $6600/$5400 profit. I primarily used the option predictor in purchasing a leap.  This section of your program made it possible to estimate target value. I also used the cyclical as confirmation of when I might expect the greatest return.

The program is great!

Thanks,

- E. Boynton

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You have a great product and am still exploring the other features and the operation of the software. In fact I already made more than a 100% on FFIV, my first trade using your software for a couple of days. Wow ..

-
M.

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 Having spent 32 years in the application software business I can honestly say Best Choice Software is the best software package I have ever utilized. I purchased the product about 3 weeks ago after a friend recommend I review it. In the first 3 weeks my trading account has advanced from a balance of $98,500 to $155,400 based on just 6 option trades I made after reviewing the seasonality charts in Best Choice Software. The most money I had invested at any one time was 28,500.00.

The time consuming manual based research patterns I have developed over the past three years are all 100% automated with Best Choice Software. The software provides a list of trades for each month based on 10 year historical trends. The seasonal trading methodology provides an excellent risk /reward for any trader.

After spending over 100 hours with the product I do not have any enhancements to recommend to Peter. It is EXACTLY what I needed. By purchasing the trial for a week I made more profit than the cost of the software before buying he software. BCS allows me to trade with greater confidence than before.

- R. Holloman

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 I recently purchased a 3 month trial of your software. My plan was, and still is, to carefully document how the software would have performed during April, 2008 if I had actually traded. I may do other months as well.

I ran the Wizard and then created cycle trades. I selected the trade only if it had a rating of 4.0 or higher, and a win/loss ratio of either 9/0, 9/1, or 10/0. Then I looked at the Long cycle trades produced for April and documented every Entry Date price and every Exit date price. Since I like to trade options, I also documented the option prices for the Entry and Exit Dates. I used at-the-money or the closest in-the-money option, and if the exit date was closer than 2 weeks
to the expiration date, I went to the next available month.

 As of now, half of the Long trades have completed (their exit date is not greater that
4/30/08).

 The results were fantastic! There were 38 winning trades, only 8 losing trades, around 83% winners!!!

 But, to me, even more impressive was this stat: average win percent = 103% and the average loss was only 33%.

 Included in these results were trades where the profit was 273%, 362%, 367% and 438%.

 You truly have an amazingly successful product.

- D. Weinberg

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 Sunny,

Using Best Choice is way better than robbing banks to make good money! I have made a lot of money over the years in the stock market - over time, lots of time, but never in one week. I always had heard that the only way to make fast money was to take your .45 Colt and a "give me your money" note to the nearest bank teller.

 After owning Best Choice since the summer Las Vegas Money Show last year, I finally got in gear, learned a bit about Best Choice, and placed a trade last week. I made $3500 in five days on 10 contracts: May 30 calls on TRMB.

 UNBELIEVABLE, BUT TRUE.

 While I have never robbed a bank, this has got to be way better than robbing a bank, as a way to make money or to earn a living. It is fun - and it is legal!

You truly have an amazingly successful product.

-P. Gordon

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Hi Gary, (and Jimmy and Greg)

I just sold 10 ea GOOG April 380 calls for $11.00 each. I paid $2.40 each.  $8600 profit this A.M. in 17 days.That, with my ADBE success of last month means I have made over $11,000 in the last 3 weeks.

 YEA! I have paid for my BC software, several times over!

LUV YA!

-Bill

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Sunny,

Thanks for assigning a trading coach to help me learn the software!!!! I got the software at the expo in Nov. in Las Vegas. After you & Petes presentation, it was a no brainerwhere do I sign up. I was one of the first back to your lovely wife to give her my card. I really wanted the cycle history data and the easy way to use options was a real plus.

The more I became familiar with the software, the more impressed I became. It really is something and Ive got some friends interested in purchasing it for themselves. Believe me, I wouldnt recommend it to a friend unless I was REALLY impressed!

I finally made my first real trade this week after studying with your trading coaches for some time. This has really helped me understand much better. You & Pete have got a GREAT piece of Software and a great team.

And thanks to you all .I paid for my software in the first live trade. I anxiously look forward to each of your Webinars, AND I am really excited to see that you have a new Webinar on the 21st; which Ive all ready signed up for and am very anxious to hear about.

Thank youThank youThank you

Take Care.

- J.
Siegfried

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I would like to say that when I visited the Trader's Expo in Las Vegas back in 2008 (in the midst of some of the most mayhem in the markets!) - I was a 'seasoned' amateur in trading/investing. I saw many systems, gimmicks, and gadgets. I attended a few educational classes while I was there as well. What I can say about why Best Choice won my business before I left is because the approach to seasonal 'probabilities' was the one thing that made the absolute most sense to me.
 
I have learned over the couple years since my time in Vegas that trading is all about probabilities. Specifically HIGH probabilities. And if you review a stock that is setting up correctly for a trade that has excellent high probability historical seasonality behind it - you are bound to be making more winning trades and less losing trades. And sure enough - I have seen trade after trade make the move in the market as expected with seasonality.

I also want to say that with probabilities - that means it is NOT guaranteed - of course nothing is guaranteed except for death (and maybe taxes!) I mention this because after I purchased Best Choice - not only have they made good on their 'life long' licensing (I receive regular and constant updates to the software) - but they have gone above and beyond what I expected by providing a
forum where I can chat with technical support, real live experts successfully trading in the market, and I can get feedback.

They also have provided me with free one on one trading with experts who are actively trading in the market.  They have provided me with regular LIVE webinar training sessions that always introduce something new and help me with increasing and improving my trading skills. And most importantly - they have put me in touch with some extremely successful people who attribute their success -in part- to the Best Choice software and approach. The best part - most all these people have been EXTREMELY willing to give of their time, advice, and education about their trading styles and how they make things work.

I have been so blessed by the help I have gotten that I too do the best I can to share my experiences and skills with other people as well. 

There is a great learning community here with the Best Choice group (staff and customers) and if you are serious about getting into trading - I can personally attest that the Best Choice software will increase your learning, give you that first stepping block to trading - and if you are seasoned - it will be a very valuable asset to your trading arsenal.

- Dave R.

I attended Best Choices two (2) hr. Sales/User presentation Friday Evening February 11, 2011 at the Orlando Money Show.  Two things stood out at this presentation.    First was that both Sunny & Pete made the comment they didn't want their office "Staff" knowing how to use Best Choice because if they did they would leave the company because they would make so much money they wouldn't have to work a JOB.   I think that is so sad for them to even say.  The two women who do the office work that I am aware of have been with them for a long time, and for them to not know the software is so foolish as to be ridiculous.    The second thing was possibly my impression only but it was acutely obvious that Pete’s comments about using the software were directed at me.  While he didn’t come and confront me about my post on here the comments were pointed.    Another thing that was not stressed in this presentation was George Lea’s presentation and DVD’s that were given away before.  Whether or not as a result of what I said in my prior post or not I do not know.  I did come across another user who had gone on the boat cruise in January who was not happy, or impressed with the software to trade with.  He told me he heard something had occurred with George and Best Choice which was why they were no longer promoting him.    Best Choice now offers a finance plan where the software can be purchased for $6,000 or the standard price of $5,000 for immediate full payment.  Again I will say it is a very expensive search tool but to use it for actual trading without further analysis similar to what George Lea does would be foolish.    While the software contains the tutorials to learn how it functions there is nothing to actually tell you how to evaluate a stock or option for making trades.  You have to go look at other price charts for that.  Many of the tutorials are outdated and not really useful for the current version of the software.  Without instruction it is difficult to understand.  There are features that are not even addressed in the tutorials that are necessary to use the software fully.  This is not how they present the software at all.   While at the show Thursday & Friday I was able to warn a number of people about Best Choice.

I will concur with what the person who filed this report had to say since my experience has been much the same.  Best Choice is by Pete Hoyts definition, which I received in an email from him, the best search tool:

 

 I tell people trading is like playing the piano.  You have to practice to be good.  You should paper trade, where you can't lose any money until you gain significant practice.  Don't think you are going to hit a home run, the first time you ever play baseball and swing the bat.  Practice and you will improve.  This is the best advice I can give you, but there is no better searching tool for finding great opportunities than the one I built.

 

After tracking a bunch of trades that were 100 % successful on past performance my success rate was 1 out of 10 which certainly disputes their theory based on statistics.  But of course like all software and courses on trading the famous disclaimer of past performance is not indicative of future performance does apply which lets them off the hook legally.  But their claim in their sales pitch would never lead a person to believe that.  Go to their website and see it for yourself. 

 

For Best Choice to charge $5,000 for this is unethical at best, and they give so little training on its use as to be virtually useless.  Even Globaltec with their Made Easy programs did that!!  And now as always they are threatening to raise the price by double to $10,000.  They will probably still get at least half of the amount of people to buy it so their profit amount wont change much but hopefully these kind of filings about bad products can help some people avoid getting cheated.