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Report: #1462279

Complaint Review: Sam Parikh aka Smartertrader aka Smartertrading411.com - ROWLETT, TEXAS, United States

  • Submitted 09-24-2018
  • Updated 09-24-2018
  • Reported By Parker - Chicago, United States
  • AUTHOR CONFIRMED

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Sam Parikh aka Smartertrader aka Smartertrading411.com Sam Parikh @smartertrader smartertrading411.com Smartertrader is a scam and a rip off. ROWLETT TEXAS

Options have enjoyed a much higher profile in recent years, as trading volumes increased, curious investors dipped their toes into untested waters, and new specialized brokers entered the market. Late-night infomercials feature alluring red-and-green-flashing software and testimonials from ordinary people who, with little to no training, claim to have made fortunes in the option markets. Here we bring in @Smartertrader aka Sam Parikh who runs a TWITTER service @smarter411

This guy says he has over 30 years of option trading experience. Smartertrader unknown firm knowledge of what options are, and how he recommends using them in hopes of improving returns. First, his service is $399/month and its as bad as bad can be and get. To state this emphatically,Smartertrader has NO knowledge of charts or technicals. He trades on hearsay and news. That is it and what you get is option trades that are so far out of the money that you wonder if this is a joke?

You will lose your $399 as quick as you can blink your eyes. If you trade using his trades your account will be drained and watching your capital evaporate day after day is not a joke. Something I noticed Smartertrader aka Sam Parikh did not care about.

He also created 100- TWITTER handles who mind you --are all of him. I am so confident 95% of his live chat room is fake. The administrator can create as many "subs" as he likes making it appear as though Smartertrading411.com is full of people. Stupid exist. Sam exist. Smartertrader exist.

Don't look here for an option-only trading approach, either. I believe that options derive their value from real businesses, whose real worth can be estimated not Smartertrader. His business is worth a $.01 His approach to trading will make any real trader go broke.

If you finish this with a better understanding of the mechanics, and potential risks of joining Smartertrader, then I have done my job. DO NOT JOIN!

This report was posted on Ripoff Report on 09/25/2018 03:09 am MTS and is a permanent record located here:
https://www.ripoffreport.com/report/sam-parikh-aka-smartertrader-aka-smartertrading411com/rowlett-texas-75089/sam-parikh-aka-smartertrader-aka-smartertrading411com-sam-parikhsmartertradersmartert-1462279. 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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  1. Another victim may want to compare notes offline. Periodically we receive communications from other consumers, just like you, who have been ripped off by the same person that was complained about in a Report. Sometimes these people want to reach out to authors in order to discuss their similar problem so maybe you can work together. We do not give out your information, we email you their information so you can contact them if you choose to do so.
  2. A lawyer or consumer advocate might want to help you. We receive communications from lawyers and consumer advocates who are either representing a victim or are otherwise considering a class action case against people or businesses that are complained about on our website. They often want us to pass along their contact information to you so that you can decide if you are interested in contacting them. Who knows, maybe they will be able to help you too. These lawyers might be able to write a letter for you to help or to file a lawsuit or include you in a class-action.
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