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Report: #1459678

Complaint Review: Smarter Trading - Garland. Rowlett. Texas

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  • Reported By: noyb — Cottonwood AZ United States
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  • Smarter Trading 3507 Aster Ln, Rowlett Garland. Rowlett., Texas United States

Smarter Trading @bitcoin411p @smarter411 @smartertrader Major Scam / Unprofessional Garland. Rowlett. Texas

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For sometime I was looking for a good service that offered option trades. Several months ago, I came across a person called Samir Umakant Parikh, who is also know as Sam, and he operates a service at smartertrading411.com. With the cryto craze in 2017, he decided to monopolize on that too and started a sister site at bitcoin411pro.com. On twitter, you can find him under the following handles: @smarter411,@smartertrader and @bitcoin411p.

Sam offers 3 services and they range in price from $199/month all the way to $999/month. The most expensive option will grant you access to his private twitter alert, his chat room (which frequently breaks down) and his morning calls. Typically his morning calls is a one sided affair , where he glorifies himself and constantly interupts his main side-kick, a certain Steve from WA. Main take away from service is AVOID unless you want to lose your shirt.

On most days he will outline his rational for the day. He will give trigger prices (at which a stock will either run or collapse), but these can easily be calculated from online sources and books on technical analysis. There is no performance data on his picks; instead, everyday any losing trade is not mentioned and if it is, its countered with an opposite trade that made a bunch of money. So he will say ,for example, we lost $yyy on the AMZN calls, but we made it all back and then some with our SPX puts. He has losing trades, but they are rarely mentioned: the only things that are promoted are the mega winners and he has them everyday.

 He loves to trade SPX options regurlarly. His other trades are ZGNX, SRPT (recent),Regn,Googl,IQ,Amzn, googl, etc to name a few. He has a wierd love affair with banks, its almost psychotic. One minute buy GS next minute sell. He is extremely rude and arrogant and blocks and cuts you off if you happen to disagree with him. He has likened himself to president Trump and has tried desperately to appear on CNBC (no luck there). He claims he has big hedge funds trading with him, but even that has not elevated his lot in life.

Below I have listed the many corporations he is using to trick people:

This person Leticia is his partner for the bitcoin site.

***** His service is basically a sham and akin to gambling. If you want to lose your hard earned money, go ahead and pay this fraud upwards of $12,000 a year. There is no person alive that can trade like the way he says he does. Also, he is not a licensed security broker, and if he offers you to trade your account for his small fee of 25% of profits, run like hell and report him to the SEC or you will live to regret it !!!!*****

This report was posted on Ripoff Report on 09/05/2018 06:28 PM and is a permanent record located here: https://www.ripoffreport.com/reports/smarter-trading/garland-rowlett-texas-75089/smarter-trading-bitcoin411p-smarter411-smartertrader-major-scam-unprofessional-garlan-1459678. 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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