TradeConfident.io Review. We never traded Crypto before, starting in 2021 (following the big Dogecoin pump) we started trading Crypto and losing tons of money by following Trade Confident LLC trades. Since "TradeConfident" was a California USA trader; Trade Confident was not able to go short and only go long (due to U.S. cryptocurrency market regulations) so subsequently all "Trade Confident" trading signals from "TradeConfident.io" were long trades only.

"TradeConfident.io" T.M. gave new daily trade signals in cryptocurrency markets recommending buying using 3/4 market structure levels. It was based on dollar cost average buys and as price dropped to new lower levels you would buy more on way down at 3 or 4 lower levels being hit, based on obvious support areas.

IMO, that "TradeConfident" dollar cost average buying as market declines may possibly "work" to a degree in bull markets but certainly not "work" in bear markets! T.M. "TradeConfident.io" said trade status with open trade updates will be posted daily via TradeConfident Telegram Channel however we don't recall our open trades ever being updated (or anyone else's trades) or even mentioned on Telegram, on numerous Trade Confident videos or "TradeConfident.io" website.

T.M. the "TradeConfident.io" owner and marketing genius desired a unique and powerful way to market costly paid monthly membership and costly software products regardless of his recommended trades making profits or being losers! Thus TradeConfident.io devised an incredibly strong marketing campaign to sell his monthly membership and costly software to both current and new traders.

TC allegedly decided the best promo was by heavily advertising vast numbers of consecutive wins and zero losses (one loss he was later forced to disclose since everyone lost when Luna failed) and implying large profits. However, success was impossible unless he can figure out what to do about the pesky big drawdowns.

The answer Trade Confident owner allegedly decided to use was a marketing genius plan to keep losers for ages, if necessary, as long as 6-months (based on what I noticed). As a result, there are no (closed) losing trades to damage the marketing blitz, only winners to report, by down-playing or not talking about trades with drawdowns while heavily promoting consecutive winners, with little if any mention of the wins being surprisingly small (more on that aspect later).

Another important reason for our 75k losses was from "TradeConfident" ongoing bumping-down profit targets (without clear disclosure on doing that)! We were not advised to do it so continued to keep the original high profit level target prices! That made things much worse by us ending up with fewer winners but holding even more losers because our target prices were rarely if ever hit due to target prices being T.M. recommended initial high profit potential fixed prices.

That was because he would set a substantial target price when trades were recommended, i.e., 1k or more but he often bumped-down targets until profits averaged only $70 however, in the meantime, we did not do that since we do not recall it being part of the trading plan and don't recall that very important aspect being announced with the trades.

When we noticed the stated profits were substantially less than expected from his heavily advertised 122 straight wins, we were suspicious so we asked "Trade Confident" by email what's the average profit per trade? T.M. replied "if you traded $1,000 the likely profit will be around $70. Hope this clarifies!" P.S. 1k was suggested account funds to be used for a new trade.

The low $70 average extrapolates to only $8,540 total profit on 122 trades. And to make it far worse, if you deduct for the open trades in heavy equity drawdowns the bottom line would be a hugely negative number (estimated at roughly negative 50/100k, based on the TradeConfident 150k account). Only a marketing expert and guru could somehow make such bad numbers succeed!

We informed T.M. we always thought the TC average win was at or near original targets, which was far more vs just $70. We went on to say "We were not aware until it was too late to help that you were constantly moving target prices to very low levels however, we stuck to original substantial high take profit prices, which you should have disclosed when we joined and referred to as trades progressed."

TradeConfident.io had a perfect marketing success plan, after all what could possibly be a better for successful hype than claiming a perfect track-record, with no losing trades and subsequent implication of big profits!

We admit to being more or less blinded by his numerous consecutive winning trade hype and nonsense to think about the negativity and disaster from what he was doing (or not-saying, non-revealing) until it was too late and lost 75k by following his daily trade recommendations over a few months.

That was caused by being fooled (we admit it was not too smart of us) by T.M. and his "Trade Confident" ongoing strong marketing from T.M. and "TradeConfident.io"' who we followed on YouTube and Telegram and fooled us for ages with a stunningly misleading marketing campaign.

Shortly before closing the account, we emailed TM asking "Why did you stop showing account balance in videos? How low is the equity?" T.M. did not address that question but did say I'm not gonna lie, losses are 45k. We went on to say in June 2022 after losing a ton of money and being out of funds we cannot trade anymore. We then stopped using the TradeConfident.io website, videos, YouTube channel, software, telegram group and canceled the account.

We had strongly and wrongly believed T.M. and "Trade Confident" to be highly successful. After all, how in the world could it not, what with as many as 122 consecutive winners? The odds for T.M. & Trade Confident being losers appeared impossible. With all those consecutive wins we were sure about using a winning traders signals and more or less blinded from heavy ongoing marketing to both prospects and existing clients hyping an amazing track record.

As time went by, we slowly realized the truth as our losses mounted. At least T.M. was honest by admitting to us his average winner was just $70. So that number brings out our calculator revealing about 8k in profits from 122 winners, with approximately 50k (maybe a lot more) in obscure rarely discussed open trade losses! He got away with a highly big negative track record by not publicizing open losing trades but concentrating heavy marketing on the small winners.

While we were with Trade Confident (and also long before) basically every YouTube video promo referred to tons of consecutive winners. The 122 winner pump headline quickly went away mid-June 2022 (122/122 wins) after running intensely for 9-months starting Sept 2021 (33/33 wins).

The timing of Trade Confident major advertising redirection was quite interesting in that it was exact same week we made our final complaint and canceled TradeConfident.io membership over our heavy losses. All losses attributable to the many reasons discussed in this "Trade Confident Review" from me; The Anonymous Trader.

That's when we also requested reimbursement for high losses. It's basically the exact same time TradeConfident suddenly stopped the 100s of winner pumping videos, with little if any comparative mention about the small 2-figure wins over time or that estimated overall 50k-100k account equity drawdown!

We are confident that big YouTube promotional change was closely related to myself (and in all likelihood) other traders asking "Trade Confident" how am I losing big time in view of Trade Confident's amazing track record of wins.

That stunning long-running marketing blitz where T.M. rarely if ever mentions any losing trades, drawdowns and the small ($70) win trades appears to have started Sept 9 2021, lasting 9-mos thru June 2022. Possibly another reason T.M. suddenly stopped its powerful false hype was conjecture the SEC or CFTC may investigate "TradeConfident" so best to sharply reduce advertising hype.

If you view the new 4-min MP-4 Video (a new screen appears every 4-seconds) you will see first headline on the consecutive winners (33/33) at end of our video which T.M. made Sept 9 2021. By watching this new MP-4 video you will see the powerful TradeConfident pumping and hype from beginning of video recent top (122/122) when it wound down, to a degree, to its (33/33) onset.

The Commodity Futures Trading Commission or The SEC could possibly get involved regarding the track record marketing of 33 to 122 consecutive winning trades (zero losses or 1), based on a dubious value "dollar cost average" trading methodology of keeping obscured losers for months to market a perfect record!

With 20-20 hindsight, we understand what happened. Don't be misled and deceived as we were by "Trade Confident" and others, who are much better at marketing vs actually making money! Stay away from "Trade Confident LLC"

Your disappointingly low average win is not disclosed as it should be and was a serious lack of clarity on direction of open trades when you did not tell us to get out with small profits as you did on your own trades, and it also turns out it involves undisclosed until we asked small $70 on average, with an approximate near 100k overall equity drawdown vs insignificant 8k in profitable trades.

We are thinking if someone like myself with experience could become confused on what you were doing, not saying or not disclosing, there is a strong possibility new traders may also be very confused so a need for education is beneficial. It can help traders make good decisions and be alert for pitfalls and negatives before using a trading method (any system not just "TradeConfident.io" to help traders avoid losing their money. Done without intent to harm reputations.

You said numerous times in your videos you will let us know when to exit trades and make changes to positions but not once do we recall you saying change targets to a level near a $70 profit area, as you were doing yourself, in effect.

You did the dramatically modified low profit price orders on your winning trades but we did not do that because we wrongly believed we were both using your original high profit target prices since you said you would give instructions in Telegram Channel if you deviated however, we do not recall you ever doing that on any of the trades we were in.

You totally failed to talk about and update the recommended old and open trades of clients but focused only on the latest new trades, ignoring open trades of members. Thus, we strictly followed original 3 or 4 trade-levels stops and targets and never modified orders to extremely reduced profit levels, as you were doing.

We are not sure why (was it neglect, forgetting, not caring or not thinking well?) you failed to inform us to modify trade target and stop prices as you did! In retrospect, if we also moved target prices down to very low levels (more or less equaling about $70) by not staying with original prices we could have far more winners and lower loss size i.e., instead of losing 1k or more per trade.

At first, we didn't realize you were failing on open trade guidance because you spoke far too much about far less important stuff like software sales for example, so we assumed your P&L was substantial and you were making tons of money with original profit targets. With 122 wins how can you not have good P&L?

Sometime later we realized your account equity (sometimes quickly shown in videos) was a fraction of the 150k total you had been trading (100k to start plus 50k more later added) so it all made zero sense to us. How could you be down roughly 100k in equity from 150k with 122 straight wins, seemed impossible.

It was a late revelation and slow realization on your average winner being $70. So, if we multiply 120 wins times $70 it means your profit was only about $8,400 which is 120 times $70. So that very roughly extrapolates based on a recent post you made showing 55k account equity, that you lost or had negative equity of about 95k (near $100,000 drawdown) on total 150k in your broker account.

T.M. says he is an honest Christian so why did he commit all this alleged fraud with the very enticing YouTube Splash Pages? Possibly all that stuff was not done with fraud intentions but instead we are guessing maybe it was because of his powerful splash page marketing and high sales revenue gong to his head, making him not fully aware about how his trader customers were going broke by fabricating long strings of no losing trades and saying, not saying or a general failure to communicate. Possibly from high pressure due to his period of rapid growth and being so heavily focused on a making money fast marketing plan using the 100 plus wins with no losses. We think we are entitled to compensation for the loss!

Update. It's quite interesting how "Trade Confident" went from making 100s of YouTube's announcing from 33/33 to 122/122 consecutive wins ending its big promo several months ago and on Nov 7 2022 T.M. is now headlining on YouTube on its splash page that 'Trade Confident' has 18 of 18 straight winners? Why & How can that be in view of Trade Confident splash pages recently proclaiming 123 straight winning trades?

See Tweet regarding Trade Confident's recent 18/18 consecutive wins tweet
100s of Trade Confident YouTube's re 33/33 to 122/122 consecutive wins
A URL: bit.ly/3zRyGvR (to share with others) to this "Trade Confident Review"

Copyright Disclaimer under Section 107 of the copyright act 1976, allowance is made for fair use for purposes such as criticism, comment, news reporting, scholarship, and research.

   

Today's Date and Time

Copyright©2024 Webtrading®2001
Privacy-Policy | All Rights Reserved