Complaint Review: Botarelli Research
Botarelli Research Don't trust Botarelli Internet
I have tried Botarelli Research in options. I had received emails that seemed promising, especially when they quoted their results. I reviewed their reported results for this year and they were averaging 11% per trade...I excluded 3 trades that were over 100% just to be conservative. My results have been well below that. More importantly, there was a recent trade that went against the recommendation and hit the protective stop Botarelli had recommended. A trader should have close the trade then at a loss. No word or alert from Botarelli. The next morning at 9:32, an alert came that the losing trade should be closed now. This was the second time the postion should have been sold at a loss. 15 minutes later, they sent an alert saying the stock was moving up and to take profits. If subscribers had been following the recommendations, they would have already closed the postion. I checked the web site and Botarelli logged this trade as making 56%. That is a lie.
This report was posted on Ripoff Report on 06/19/2013 08:57 AM and is a permanent record located here: http://www.ripoffreport.com/reports/botarelli-research/internet/botarelli-research-dont-trust-botarelli-internet-1060334. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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