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Page Trader is a ridiculous scam. The owners of the company, David Williams and Jerry Fagnant are a couple of long-time hustlers selling a magical trading indicator that is "guaranteed to predict the future of all financial markets, on all time frames, into infinity." Yep, they claim to be able to predict exact tops and bottoms in price, into infinity. For only a small fee of nearly $9,000 and $500 each month, you too can predict the future. All of your financial worries will disappear by learning the super-secret Reflective Wave financial formula.
Unfortunately, the track record of 100% winning trades could not be verified. And let's not forget that Jerry Fagnant was recently permanently barred by Finra for hustling a client into lending him $325k in a promissory note scheme.
A couple of real winners, spreading their financial advice like venereal crabs in a $19 motel room. Avoid.
Thanks for reading today’s review of Page Trader
What is Page Trader? The company is a day trading, and swing trading educational company that is owned and operated by David Williams and Gerry Fagnant. In addition to offering an educational product, the company also offers a live day trading room, as well as a trading signal service that covers 16 different futures markets. The live day trading room is primarily moderated by Gerry Fagnant.
A background check on Gerry Fagnant revealed that a person named Gerard Anthony Fagnant was permanently barred from the securities industry on April 19, 2016. Apparently, Gerry convinced an account holder to invest in a private promissory note of $325,000 from their primary securities account. Gerry simply deposited the $300,000 into his personal checking account, and a short time later, the money simply vanshed like a fart in the wind.
According to Finra, the money is still missing. And now Gerry is offering investment advice through Page Trader.
Where is Page Trader located?
The address listed on the Page Trader website is 810 North Main Street, Las Vegas Nevada. A search of Google maps reveals that Page Trader is operating out of an abandoned store-front, nestled between Max’s Auto Repair and Tranny Service, and a thrift shop named Emma’s Closet. Which specializes in used furniture, toiletries, second-hand clothing, and used home decorations.
TradingSchools.org called both Max’s Auto Repair and Emma’s Closet and asked if they were familiar with Page Trader, David Williams, or Gerry Fagnant. Max’s Auto Repair spoke little English and was unfamiliar with the worldwide headquarters of Page Trader. Emma’s Closet also was unfamiliar with Page Trader, but informed me that recently, the location was used as a Mexican Foods Market that specialized in fresh tortillas and tacos. The following is a picture of the location, as per Google Maps:
What is Page Trader selling?
The crown jewel of Page Trader is an investment seminar and Master Forecaster Investment course that costs $8,495 per person.
Apparently, as per the Page Trader website, David Williams discovered a ‘secret formula’ called the Reflected Wave. This secret formula is guaranteed to predict exactly when a market will top or bottom, in all financial markets. The secret financial formula is 100% accurate on 5-minute bars, 60-minute bars, daily bars, weekly bars, and monthly bars. In fact, David Williams claims that his secret financial formula will correctly predict where prices will go…”Infinitely into the future.” No Joke.
David Williams has been selling his secret financial formula for over 20 years. In his promotional autobiography, David claims that in 1995, he gathered together a group of seasoned professional traders and demonstrated his secret financial formula. They were both amazed and shocked. All of them immediately, and gladly paid David a fee of $25,000 each, in order to have the secret formula revealed to them. However, each trader was sworn to secrecy and had to sign to sign an exhaustive legal agreement where each trader could never reveal the secret, for life.
However, David Williams has now broken his vow of silence and agreed to mentor a select number of new, serious market students. For only a small fee, the financial formula will be revealed, and it’s guaranteed to unlock an untapped and inexhaustible world of wealth and prosperity. But before you are allowed to learn this secret formula, each person must sign an iron clad, non-disclosure contract that they will not reveal the secret financial formula. Secret stuff folks.
In addition to signing the contract of sworn secrecy, each person must also show two forms of legal identification which includes a picture. Its is of the utmost importance that David has a picture. The contract of super-secrecy must also be reviewed by your attorney and must be signed in the witness of a licensed notary. Secret stuff folks. Must include a picture.
In addition to being able to purchase the secret formula for the Reflective Wave, David Williams and Gerry Fagnant are also selling a venerable Las Vegas style buffet of additional trading products. List below:
- Live SP500 Messenger Service. Where each subscriber is sent a text of possible trade setups. $199 per month.
- Williams Edge Futures Signals Service. A multi-day swing trading service that uses the secret Reflective Wave formula. Used by some of the world largest money managers! $7,500 annual subscription.
- Williams Edge SP500. A multi-day, multi-week trading service. $1,995 annual.
- Williams Edge Pro. A live day trading room moderated by Gerry Fagnant. $500 per month.
- Master Forecaster Investment Course. $8,495 course that reveals the secret formula of Reflective Wave.
Track Record of Trades
Of course, a master investor such as David Williams and Jerry Fagnant are going to keep a highly detailed and accurate record of trading activities. When asked for actual brokerage statements to verify their investing awesomeness, they flat refused. Instead, they referred us to their supposed “Trading Performance Page” on their website.
After reviewing the performance page, we were amazed to see not a single losing trade. Month after month of supposed “real trades” and not a single loss. Wow, that Reflected Wave is really something special. Just sign up for the trading signals and your money worries are a thing of the past.
But what about the Live Day Trading Room? Did we witness the awesome powers of the Reflected Wave in action? Unfortunately, we did not. During the month of November 2016, we participated in several of the supposedly live trading sessions with Jerry Fagnant. Not once did we ever witness a live, or even a simulated trading account. Instead, we were fed a steady diet of “buy zones, sell zones, this area looks good, if we get to price X then we can expect price Y and Z. It was an obfuscated mish-mash of ridiculous financial story telling, soothe saying, astrology, and carnival act guesswork. About as predictive as a bag of fortune cookies written in Latin.
The core problem with David Williams and Jerry Fagnant is that neither makes any clear and concise trading recommendations. There is no ‘enter at price X, exit at price Y, stop at price Z’. It’s all highly subjective mumbo jumbo that magically appears as a winning trade out of the ass end of a fortune teller.
Once again, when asked for proof that any of the trades are taken with a live trading account, they simply refuse. Instead, we must learn to “feel the Reflective Wave.” Whatever that means.
Wrapping Things Up
After reading this 100% corny and ridiculous promotional page, I have to wonder whom in the heck would be stupid enough to fall for this nonsense? And how could anyone simply hand Jerry Fagnant a check for $300k on simply a promissory note? It is really no surprise that Jerry simply deposited the money into his personal checking account and then disappeared. He must have thought to himself…”wow, what a sucker.”
And how could anyone believe such an outrageously dishonest track record of trades? No losers? It really makes me wonder how folks could fall for such a carnival-like track record. I guess that old PT Barnum saying, “There is a sucker born every minute” is true.
Thanks for reading. And don’t forget to leave a comment below.