TheoTrade Reviews 114

KULR suggestion is very interesting. However, since the suggestion arrived on my computer, there has been a significant downside shift in opening stock values.

TheoTrade provides useful information in a clear and concise manner..

Love the education provided

Don Kaufman and Theotrade = Snake Oil Salesmen. If you are considering investing here, you need to run away, fast! He was paid $10,000 to manage my account for life. He then turned my $110,000 options account into a margin call (not enough money left to cover the trades) in only 14 months. 14 months! During that time, the SP 500 is up over 30%. Somehow he has figured out a "system" to lose 90% of my account when every other investor is making money! This guy is a quack and its no wonder he holds no licenses in the US. My Grandma could pick more sound investments than this idiot, and she is dead! Whatever you do, don't let this guy steal your money. You have been warned.

Amazing Team of Traders with Brian Axelrod the "BEST" reversal trader I've seen and a hit rate a cut above ! Having Brian driving the daily chat room is brilliant as he guides all and educates consistently on steps to make to maximize effective trades ! Throw in the other traders I follow like Bronco, Mr. Confluence, Eric, etc and the results are a step above any other day and swing trading platform !

Don Kaufman keeps rolling on with new trading programs, meanwhile he leaves people like me and others run over, bleeding on the side of the road while he gets new passengers. It's really just another Ponzi scheme, a legal one, where Don runs away with all the money in fees to fund his own personal trading. The SEC should look further into "Theo Trade." Don has to be one of the biggest losers in the business for his clients. Don't be fooled by his coffee fueled chat room discourse and knowledge.

I'm out with an 84% loss and no remorse from Don or the TheoTrade scam crew.

Tradezaba. Signed up with them autotrading my account and was sold on a 25% return and ended the year with a 6% loss plus my fee for their program.

Because of this they said they felt bad and convinced me to sign up for Ultima which was going to be managed by Don himself and for the previous 2 years returned 50%. Long story short I was down on that portfolio 30% plus the costs to enroll within 6 months and at that time 18 months into losing programs of theirs so it was time to cut ties.

Entertaining to an extent with numerous Seinfeld quotes, a trade here or there that may or may not work, and lots of hearing about iguanas and how hot Arizona gets. And lots and lots of spam emails pushing the same things repeatedly. There has been such a deluge of emails that it has become hard to separate the wheat from the chaff!

Some classes are good for learning about indicators if you are a technical trader. And there are various instructors who have different trading approaches depending on what your preferred style is. Don shows his actual trades and others track them separately. As to performance, I have to say it is quite mixed if you simply go in and replicate the trades that are called. If your portfolio is small, it can be death by a thousand cuts as the hits are bigger than the wins.

In the past months, there was a heavy focus to draw people to a conference which seemed to take Don's focus away from the normal updates. But there is lots of marketing (email and phone calls) for numerous other offerings - some of which appear to be a simple bundling of old classes in the archive.

I have over 20 years experience trading and I know that over 90% of all trades are executed using machines so I had some interest in the AI Cog service, which Theo trade promotes as a way to clearly identify when the algos are in control(sounds absolutely amazing right?). This service basically Promotes that they can identify when the algos/machines are in control of a stock, but their results are mediocre at best and not worth their fee. Some of what was promoted was totally misleading, the so-called scanner is nothing more than a list of 30+ stocks. It is nothing that allows you to automate a scan of a wide universe of stocks(very misleading). Regarding their technique of identifying the stocks, they basically look for stocks that are in a channel and going up or down, and they say the algos are in control. They do use the traditional indicators as confirmation however it’s just basic technical analysis and they have a very average success rate. Basically they have been trying to short stocks at breakout levels(or supply zones) hoping they get rejected like IBM, KO, JEF and they were very wrong on all these however they were correct on RBLX(all initiated in mid August 2024, take a look for yourself). Basically if you plot a short term linear regression channel (20day) on your charts you can see these algo channels they talk about, if that is what they are. I keep thinking they will get better and haven’t cancelled my service yet but I will be in September unless they go on a 8 for 10 win streak. This is a bit of an algo scam, lol. Seriously, if you understand supply and demand trading you will do way better and even if you don’t understand technical analysis and are looking for a stock picking service, this service is a waste of your time. The one positive comment I will make is they do stress risk management which is key to trading. There is the possibility that the guy leading it is just a bad trader, but these trade suggestions are obviously just his visual interpretation of what he “says” the algos are doing and has nothing to with how the machines trade. He talks with a super high level of confidence but this is just a show. This system is solely based on trading within the linear regression channel and anticipating the reversals but they aren’t that successful at it. If it was a good AI trading system their success rate would be 70%+ and trust me for the month of August it was no where near that. Gianni’s trade service looks interesting because he is more of a sector trader but just be aware that many of the other guys at Theotrade are perma bears and always talk how the market is over valued and going to crater. Not sure that has served them very well this year. I usually have 4-5 trades open at all times just to give you an idea of what type of trader I am. Theo trade may have other good services, but this is not one of them. Good luck on your trading journey.

TradeZaba is a done-for-you auto trading service offered by TheoTrade. I was told they expected 25% annual profits. I ended with a 6.4% loss on two of the services. There are numerous plans depending on account size. Don stated the Ultimate Theta needed a $250K account but could be purchased just for the alerts with a smaller account size for manual entry. This is not the case as the margin needed is great. A total waste of money. In one plan, I was assigned shares on one leg of a credit spread. Instead of exercising the other leg, the options were sold at market on a very volatile day. This cost me an additional $800 in losses. On another occasion, an alert was issued at 3:05 CST after the market so I was again assigned shares due to the late alert. I also attended a masterclass. While I liked the masterclass, I was told by the salesman that I would be given an opportunity in the class to recoup my expense. This was not the case as all sessions were after trading hours.

If you are serious about trading Theotrade is by far the best resource out there. If you cannot make $$$ you are not paying attention. They even have a hands off approach to trading as well if you don't really want to learn to trade on your own. Their instructors are the best in the business.

I have been a member of Theotrade for about 3 yrs, off and on. I quit for about a year for a very specific reason that I will address. This refers to some of the objections that PM has covered.

Theotrade has excellent, very experienced and knowledgeable instructors. It also has many detailed courses to improve your trading. All of the instructors care about their clients, It's heart-warming.

However, like all humans, they have biases and some of those biases are very bullish,very bearish or somewhere in between. In Theotrade's case, it is very bearish. So, one must understand that at the outset or find themselves becoming a trampled bear in a roaring bull market and take it out on bearish instructors . Every person is entitled to their opinion or bias and one must FIND what their bias is. Economic conditions, fundamentals, technical analysis, projections into the future is VERY SUBJECTIVE. That's why when I now hear about a bearish looking portfolio and a bearish rant , I think about what I think! And most often I extract the educational content which is considerable even with the Professor and LEARN what I can to help myself. This also applies to the 2022 market and my bullish bent which hurt me. So for 2022, the instructors were on the right track with their bearishness.

I will now stay with Theotrade because the pluses outweigh the negatives by alot. Also, a big plus is the Futures room and the wide experienced knowledge of people in both the regular and Futures chat rooms.

Anthony Avery, I have every sympathy for your position as a fellow disabled senior, but you should have realized before the end of the refund period that TheoTrade was not for you (by the way very few other services offer a refund). If you want a list of stocks/options to trade, go to the NUMEROUS other services. You will get the trades, but you will not get the support of TT there. (Also it has been my experience that such services will nickel and dime you to death, you buy a subscription and then it is renamed and sold to you again and again.) If you want a Ph.D./Professional Trader education then go to TheoTrade, if your disability or other circumstances don't allow a lot of study and classes go elsewhere. What I like best about Don Kaufman and company is that when the "stuff" hits the fan (like the 2021 pullback) they will give actionable explanation/information to "weather the storm." And turn a new situation in the market into an OPPORTUNITY.

PaulM: The education is second to none, and if you are a novice when it comes to markets and trading, the training material is superb, professional, organized and written in plain English. The professionals at TheoTrade have all of the content that can get you to whatever level you want to take your trading/investing education and skill to. Been a member for 3 years, and I am still growing and learning, really enjoying the experience.

TheoTrade, a place with a comprehensive set of resources to study and exceptional instructors, beginning with Don Kaufman. I have a Ph.D. in Quantitative Economics; I've learned more about the markets and the economy from listening to Don K. when the Fed spoke than from my graduate studies. All the instructors offer unique, seasoned trading and analysis insights. And the chat with other members is exceptional. Lots of shared wisdom there.

You can go as deep as you want, or stay close to shore in the shallows. Your choice.

It takes a while to make pickles, and it takes a while to gain the maximum benefits from TheoTrade, but it's worth the cost, time, and effort.

My review is based on multiple years of experience with TheoTrade.

Outstanding Education-great source for ANY/ALL types of trading.

I've been a member of theo, I think for about 5 years, where I had to unlearn what I had learned in order to learn from real traders. I have plenty of reasons to recommend Theo as a great opportunity to learn the business of trading. 5 star, for customer service, classes, live room, coaches etc. as everything. For those who criticize the trade recommendations that are made live in the room, what does not work for my risk, I pass and concentrate on what best suits my risk. In general, highly recommended and for my part grateful to Theo.

The amount of educational content is overwhelming at first but well worth it. Most other sites that do a similar type of education charge extra for every little trading strategy and I've found that the other sites didn't even have good content. Please! Please! Start with the Ultima strategy. Learn that first and then you can go onto other strategies. I waited a couple months to do that and that was mistake. That is money in the bank on an ongoing basis. If you love to trade like I do some of the other strategies are excellent based on market conditions. There are different traders through out the day. One if not many will suit someone's trading style, etc. Come July I will have been a member for two years. I continue to learn new information quite often to push my overall trading forward. They are the only education trading group that comes from the original TOS group that I know of except the TastyTrade people.

I have been with a number of services, but with TheoTrade I finally found the level and volume of instruction I have always been looking for in the market. I am a much better trader today because of the instruction that is here, day after day.

This site is great, unless you are waiting for trades, not a lot of trades but the most important part is you learn a lot, enough to use that knowledge and trade for yourself. Very diversified instructors, the one who spoke to me was Blake Young took his mentorship my 5K turned to 80K and those are all my trades. If you are expecting hot tips not for you, if you want to learn I wouldn't recommend any other site but this one.