Complaint Review: Trade Like Chuck
Trade Like Chuck True Scam Trade Like Chuck Book I compared against My System His is terrible. He gets in late most of the time Kearney Missouri
*Author of original report: To Daniel
*Author of original report: Rebuttal to Ted & Daniel
*General Comment: Trade like Chuck ripoff/What else?
*Author of original report: to satisfied Chuck Hughes User
*Consumer Comment: It is working for me
I bought the book Trade Like Chuck. He claims to be an 8 time International Trading Champion. He may have been although, I find it hard to believe. I have been trading for about 20 years an I'm a Chart Analysis. I wanted to see what I could possibly learn from this supposed Champion. Well I learned in my opinion he is a fool. I matched my trading methods with his. On several of his trades he either got in too late and he passes bye where he could make significantly more. I reviewed his trades CI where in his book the dates are 07-05-13 (he doesn't tell you the year or years invested. I was able to use my charting program to figure some of them out.) 200 shares @ 73.74, 07-05-13 250 shares @ $73.74 for a total risk of $33,183. He sold them on 10-18-13 for $74.61 and $74.60 for a profit of $174 & $215. During this rough time frame, I would have bought options on 06-11-13 CI Oct 72.5 strike price call option at $2.87 using roughly, his total amount for that day of $33,000 for 115 options. I would have sold those options on 7-26-13 for $6.75 for a total of $77,625 for a profit of $44,620. or 135%. I did this following his book on other trades showing the same results. He also uses in one of his claims purchases of stocks for FAS for 106.38 and sold them for 130.35. Unless I am missing something in the last 10 years FAS has never gone above 51.11 and that occurred on or about 2-27-17. Which would invalidate his profitable claims in that instance. His book has only shown me, he isn't very good at all.
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