Profitunity is selling Chaos Theory. Unfortunately, neither Bill Williams or Justine Williams has ever been able to display a verifiable, winning track record of trading. Bill Williams has been selling books and courses since the 1980's, he is a genuinely nice person, whom should not be giving investment advice. Justine Williams, is now running the business of selling Chaos Theory, but she has zero track record of trading success. And is unwilling to produce a track record that legitimizes the application of Chaos Theory to financial markets.
Thanks for reading today’s review of Profitunity
Profitunity.com is a trading educational website originally founded by Bill Williams, a long time trading educator that dates back to the 1980’s. Bill Williams is now 84 years old and retired. Admittedly, I have a soft spot for Bill. Approximately 20 years ago, I met Bill and had a pleasant conversation with him. He is a complete and total gentleman. Kind and soft-hearted, creative and articulate, and a fantastic public speaker. It appears that Bill handed over the trading educational business to his daughter, sometime in the early 2000’s.
Bill has published several books regarding the application of Chaos Theory towards financial markets. If you are curious, the following Amazon page has a complete listing, as well as several videos of Bill talking about the markets. In addition to writing several books related to Chaos Theory and financial markets, Bill is also a bit of a social activist. During the 1970’s, Bill worked on the staff of Florida Governor Bob Graham.
In addition to working in government, and writing several books regarding Chaos Theory, Bill has also written several fictional books: Tit for Tat: The Conspiracy to Abolish the Death Penalty, Acirema : A New Beginning — A Better Way, and Ronnie : There Just Ain’t No Light.
Bill’s “thing” is Chaos Theory. He believes that Chaos is constantly inserting itself into financial markets. And that these chaotic patterns can be used to predict the future.
Since Bill Williams is no longer an active trader, and has no track record of prior trading successes listed on the website, this is a bit of difficult review to write. The business is now being actively managed by his daughter Justine, and since she has no track record, and is not willing to publish a track record then much of this review is based upon my personal opinion of chaos theory.
What is Profitunity selling?
Profitunity has several home study products: an Independent Home Study Course at $1,995, and a Professional Home Study Course at $2,495. The difference between the two appears to be only additional personal guidance directly from Justine.
In addition to the home study courses, there is a 90 minute video course on Elliot Wave Theory for $495. Anti-stress exercises $100, and a yearly subscription to Justin’s monthly interpretation of the financial markets at $600.
Trading Schools reached out to Justine and requested a track record of trading performance, and or a track record of the monthly subscription service. However, Justine refused to provide any sort of verifiable track record. Instead, she offered customer testimonials from individuals that had supposedly written to her and had described a positive experience.
Justine also offers personal coaching for $1,000 per month.
No track record of success
As readers of Trading Schools are already aware, I am a real stickler about a track record. If a trading educator is offering an indicator, books, home study courses, or trading systems…I want to see a track record. Not necessarily a large or a long track record. But I want to see that the trading educator is actually applying their methods to the markets. Are they willing to risk their own capital, can they demonstrate that the tools are being used to generate trading profits? Unfortunately, Justine has no track record. Or she is unwilling to disclose whether she is even trading. Same goes with Bill, as much as I personally like Bill Williams, the only thing that matters is whether either have ever been able to generate actual profits with Chaos Theory.
What do I know about Chaos Theory? Not much. Many years ago, I purchased Bill’s original book, Trading Chaos. However, I found the material very subjective. The book is littered with well chosen examples of what happened after a “chaos” pattern appeared. However, since there is no possible way to define Chaos Theory in a clearly defined computer code, then there is no possible way to test the theories on historical data. Once again, with something so subjective, the only possible way to apply value to the material is to measure the trading successes of the Bill and Justine. Unfortunately, none exists.
Online Reputation and the “Holistic Approach”
Profitunity, like all long time trading educators, has a few dings and dents regarding their reputation. In particular, an individual filed a complain on Ripoff Report that was not very flattering…
Well after purchasing their course I must say they are a COMPLETE SCAM… there is NOTHING useful in the entire course.
Their whole thesis is that their “alligator” (which is NOTHING more than a few combined moving averages) “leads the market” and provides traders with an unbelievable edge. They even went so far in one of the DVDs to claim their system was “back tested on super computers and proven to be 99.6% accurate”… to which I immediately went “oh lord this is a fraud”.
For all of you out there trying to invest.. NOTHING is ever 99.6% accurate.. most winning traders are only 85% accurate at best… 99.6% is completely IMPOSSIBLE over a long period of time. They claimed they used “years of data”… which again I claim no way.
I personally back tested their theory. Which uses fractal geometry. Fractals are nothing new to trading and that is why I thought this course may be onto something. However, their use of fractals is laughable and their combination of the alligator and fractals is a complete joke. I back tested using their “ideal” setups and to say it was no where near 99.6% accurate is an understatement.
I would have been happy with 90% or even 85%… but it was less than 44% accurate. And their money management had smaller winners and bigger losers.
The bottom line is that fractals may have value if used properly. Moving averages DO have value if used properly. Money Management is EXTREMELY useful if done properly… the problem is that this Profitunity course does NONE of them properly…
Save your money go elsewhere.
Profitunity responded to the negative review angrily and described the Ripoff Report complaint as being filed by a “convicted securities fraudster”. Personally, I felt that the negative review was fair game and very well written. Regardless whether this person is a felon, he makes a remarkably true statement in stating the obvious, any system claiming 99.6% accuracy is definitely a fraud.
Profitunity also claims a “Holistic Approach” to trading. What exactly is a holistic approach? The last time someone took a holistic approach to me, was at an expensive health spa…where I was talked into a herbal enema. I still cannot believe that I paid $185 to have a concoction of coffee grounds, herbs, root extract, and juice pumped into my colon.
Profitunity claims that “understanding yourself from within is what makes a difference in successful trading and investing.” That sure sounds great. I am just not so sure that understanding myself is as important to understanding basic economics and whether a company is operating profitably or at a loss. Personally, I would like to keep the holistic mumbo jumbo inside the comfortable office of my psychiatrist. What would really be helpful is to know whether Janet Yellen is going raise rates during the next Fed meeting, or whether the Wheat harvest is going to come in Over or Under the crop report.
In My Opinion
There is one thing I have learned in the past couple years of writing reviews about trading educators…there are some really whacky theories out there. Plenty of so-called PhD’s have presented a multitude of theories as to why markets rise and fall. Some claim its because of the movements of planets and celestial bodies, others claims that a set of secret codes are in hidden in the bible and they accurately predict where all markets move, yet others claim that the Illuminati or Freemasons are in control of financial markets.
Am I saying that Profitunity is a fraud? No. But what I am trying to convey is that Chaos Theory, at least in the context in which Bill Williams is applying, is of little value. The hard and cold truth is that neither Bill or Justine can produce a verifiable track record of generating profits from trading. Bill and Justine are certainly nice folks, and I believe that they are not in business to hurt people. However, Christian Scientists are also very nice people, and they are not in the business of hurting people. But their theory of forgoing modern medicine in favor of prayer and fasting is very odd.
I don’t know about you, but if I have a tumor growing in my belly, I want help from a PhD with a track record of successfully removing tumors and not a PhD of seeing patterns of Jesus on the butt of a dog.
Thanks for reading. Hope I did not offend any readers with my reference to Jesus appearing on butt of a dog. Please don’t forget to leave a comment below. And if you have had a positive experience working with Bill or Justine, I would love if you would share your story.