- Verified Trades
- User Experience
A stock day and swing trading service about as enticing as a lukewarm jacuzzi. No official track record of trades. Owner refuses to disclose personal trading performance. However, the owner is not a bullshit con artist claiming to something he is not. Owner of company can probably trade successfully, but to what degree is as mysterious as a big foot sighting. Trading recommendations about as useful as using Egyptian hieroglyphs on a job application. Owner of company needs to improve the service by being more precise with trading recommendations. More transparency required.
Thanks for reading today’s review of Clueless8.com
What is Clueless8.com? Cluesless8 is a day and swing trading informational website that is selling a quasi advisory, informational type trading service without specific entry and exit of trades. The company is offering a silver, gold, and platinum trading service that ranges in price from $40 to $80 each month. The $40 a month plan allows a viewer to simply read the blog and watch daily and end of week video’s. The gold package at $60 per month also includes a private, live twitter feed as well as live chat, and a long term basket of stocks that the company likes. The platinum package at $80 per month also includes a 1/2 hour phone session with Clueless8 and a weekly webinar.
There is no official track record of trades for the Clueless8.com trading service.
Clueless8 can be found on several social media channels including (as of 02/16/2016): Twitter (122 followers), StockTwits (21,000 followers), Facebook (118 likes), And YouTube (105 subscribers) with a little over 100 videos.
A review of Archive.Org and domain name registry shows that the website has been active for about 1.5 years.
During the past 6 months, I have received approximately 6 requests to review the Clueless8 trading service. Typically, I do not initiate a review unless I get a dozen requests. There are quite literally thousands of people with hastily thrown together day trading websites, located all over the planet, all offering stock, futures, and forex trading advice. They all want money to learn some sort of secret. Why did I jump on the Clueless8 review with only a few requests? A reader sent me a private message with a very detailed story of their individual experience. It was not a good story. However, everyday I receive a boatload of complaints about various vendors, so I do not take any negative email as a confirmation as to whether a trading service is good or poor. In fact, several months ago I received a review request on B12Trader.com and the reader was absolutely positive that the vendor was a scam. He was not. He turned out to be a very good trader running an excellent service. With this in mind, lets jump into the particulars of Clueless8.com.
Clueless8.com is owned and operated by person named FrankR. The information was pulled from the Clueless8 Linkedin page. The last name of Frank is never revealed on any social media or on the companies website. With the commercial grade sleuthing tools that I employ, I was actually able to identify the person, however they wish to remain anonymous and I will honor this. However, I can confirm that FrankR is a graduate of Boston University and aged approximately mid 50’s.
During the first week of February, I signed up for the trial membership. The very first thing I look for is a track record of trades that the moderator has called with the advisory. Often, this is where you can immediately spot the fraud. Many vendors will claim that they consistently earn $50k each month, with no losing months, and you can watch them trade and learn the secrets for only $89 a month. Of course, if you read my reviews, the vast majority of these guys are full of horse manure. With Clueless8, you will not find any such horse manure. Rather, all of the trading recommendations are posted on the private Twitter feed.
Next, I spent approximately 3 hours watching various YouTube videos of Frank talking about the markets. At no time does Frank talk about his amazing profits, the red Ferrari that he just purchased with his trading profits, or the newest bikini model that he is dating. Unlike this bozo. Rather, I did find the YouTube video’s mildly useful and entertaining. To the newbie trader, I am sure that they could find some value here, for free.
After observing various YouTube video’s, I next spent a good deal of time reviewing the StockTwits page. The StockTwits page is filled with different charts, indicator overlays, and general commentary on what Frank believes is happening in the market. Nothing fancy here. However, I did notice a good deal of overlap between the StockTwits page and the private Twitter channel. On the StockTwits page, you will not find Frank boasting about the latest massive profits that he earned buying some obscure penny stock company that manufactures reusable condoms or the color of his newest mega yacht.
One of the things that you will not find with Frank and his Clueless8 trading service is specific trading recommendations. There is no “buy here, sell there” type of stock picking. Rather, the twitter feed contains, what I describe as chunks and pieces of information that you may or may not find useful. For instance, the following is a private Twitter alert that says, “OIL: Large Reversal Candle, inverted hammer off resistance, monitor support.
Honestly, I am not too sure exactly what he is saying in this truncated Twitter romp. I believe he is saying that oil is going down. But perhaps he is looking for a long side entry? The truth is that I had a hard time figuring out exactly what he is trying to convey in the vast majority of the trading alerts. There are no attempts by Frank to deceive or confuse, however the lack of clear instruction I found to be annoying.
For me, I like very specific set ups. Perhaps he could of said, “Sell oil at 31.50 with a price target of 28.65 and a protective stop at 33”. As traders, we need to be exact else we get our heads handed to us. I can only imagine the poor guy that perhaps took Frank’s advise of this trade and then oil rallied $5 on a rumor of a supply cut. And so Frank, if you are reading this, maybe you now know why I got a few bad messages about you. The lack of preciseness in your trading calls is where the Devil lays his trap and burns your subscribers.
With all of this information and research in hand, I next reached out to Frank and revealed that I was going to be writing a review about his trading service. I sent him an email that detailed my concerns and requested that he call me immediately. Nobody likes getting my emails, they are accusatory, snarky, often nasty, and full of little threats that if I don’t get full disclosure then a negative review will be released. Frank called me pretty quick, which is a good sign.
Speaking with Frank over the phone
For the next 30 minutes, I spoke with Frank over the telephone. He very much has an New Yorker’s attitude and was really annoyed that anyone would criticize his trading service. Frank is definitely not used to being critiqued, and boy did I give him my usual mud stomp, where I lay out the long list of what I perceive to be gaping holes in his trading service. Of course, my biggest complaint is that there is no official track record for calls made inside of the private twitter feed. The calls are all highly subjective and as I told Frank, as about as useful a carnival palm reader. He didnt like that analogy and so we go round and round and I do my best to coerce him into releasing his personal trading performance. I explain that his personal trading performance can be used as baseline to determine if his methods are valid or BS. Whom would want to spend the time and resources learning a method from a person teaching a method that they cannot make work for themselves? As hard as I tried to get Frank to release personal trading performance, he simply refuses.
Many times, the vendor will make a blanket statement that they earn XYZ dollars each year from their trading. But Frank simply wouldn’t budge. I explained that this guaranteed a poor review, but he stood firm. He explained that he did not want to be boxed into a situation with subscribers need to have their hand held at every interval of the trade. They can take the information that he is offering and do with it as they pleased. If that was not good enough for me, then he was prepared to receive a bad review.
At this point, I usually start bashing the vendor. However, with Frank I have to actually give him some credit here. He is not a liar and he is not dishonest. He is simply only willing to give, what I consider to be of marginal value while he considers it to be of high value. Does Frank trade successfully? Who knows! Would I subscribe to such a service? Heck no. I prefer my trading advisories to have a verifiable track record like B12Trader.com, where he is willing to show brokerage account statements.
Wrapping Things Up
Frank, you are going to read this review and you are going to think it really sucks ass. And that is OK because in my opinion, your unwillingness to keep a track record of trades or disclose any personal trading information really sucks ass. So we are going to just disagree on this. However, in speaking with you over the telephone, I do sense that you are probably successful at trading, at least to some degree. And you are clearly not a dishonest individual looking to scam people for a few bucks each month. I would love if you would bring more clarity and disclosure to the trading community. It would be a massive leap if you would start to be more clear on your trading recommendations. Include specific set ups that give the newbie more guidance. Your current method of tossing out ideas is actually hurting people because some are getting stuck in trades and not sure when to exit. Think about this just a moment, someone takes your set up and then the trade moves against them. They are getting no guidance from you on when to exit, and then they start emailing me and complaining. Hopefully you take this as constructive criticism and made some changes. When this happens, I will be back to write a new review. Hopefully the next review will actually endorse your trading service. However, at this time, I have to recommend that readers avoid.
Thanks for reading today’s review. Please do not forget to leave your questions and comments below. And where are my haters? Miss my haters.