Thanks for reading today’s review about Trader Insight
Trader insight is a trading educational company that offers several trading educational courses available to download, as well as several live trading services. The website is owned and managed by Adrian Manz. A quick review of Archive.org reveals that Adrian has been offering trading educational products since about 2006.
We have received at least 20 requests to review the Trader Insight products and services. Since March 1, 2015 the Trading Schools blog has received a steady stream of inputs from 6 different customers of Adrian Manz books and live trading products.
The following is a list of all currently available video courses and books:
- Stock Trading Like A Pro Video Course $300
- Income Trading Academy Course $7,500
- Trading Opening Gaps Course $99
- The One Hour Trader $399
- Stock Trading 101 course $125
- Stock Trading 201 course $175
- Four separate hard cover books ranging from $35-$59 each
The following is a list of “live” trading services:
- First Hour Trading Pit $97 per month
- Trade The News $149 per month
- Around The Horn $197 per month
- Nasdaq Scalper $97 per month
- Daily Income Trader $695 quarterly
- Forgotten Profits by Tim Biggam $49 monthly
- Rapid Retirement System by Tim Biggam $1,497 annual
Zero Track Record
A review of the Trader Insight website reveals that there is no published track record of trades for any of the services. However, Adrian Manz claims the following:
We’ve done all the tedious research to find good set ups and potentially profitable trades so that you don’t have to. And you’ll be learning from someone who profited a record 110 out of the last 112 months.
On February 19 2016, Trading Schools sent an email to Adrian Manz informing him that we would be writing a thorough review of the live trading services. With particular interest in on verifying his claims of profiting at a monthly rate of 98% winners. No response.
Once again, on April 28 2016 Trading Schools sent an email to Adrian Manz requesting information on his claims of profiting at a monthly rate of 98% winners. No response.
On both occasions, using tracking links contained within the body of the email messages, I could confirm that someone was opening the messages. However, at no time did Adrian Manz respond to my requests to verify his claims of winning 110 out of 112 months.
However, using an anonymous email that was created, I sent the standard “sheep” email requesting more information on his live trading services. I received prompt responses from “The Sheep” email. What is a sheep email? A sheep email is a message that portrays myself a newbie trader looking to learn how to trade, that I have little experience, and I need help.
Am I implicitly implying that Adrian Manz is a fraud? No. However, I find it awfully suspicious that he is not willing to verify performance claims to a company that specializes in trading reviews. I find is equally suspicious that he is more than willing to help what many would consider to a be a “sheep”. Of course, this is just my opinion.
In my opinion, if I had profited 110 out of the past 112 months with my trading, I would be more than happy to verify this information. Mr. Manz is obviously selling quite an assortment of trading products, with such a stellar track record of trades, it only makes sense to be open and honest about trading results. Perhaps the claims of 120 months of profitability is simply not true.
Live Trading Room
During the month of May, a reader of the Trading Schools blog contacted me and asked if I could give my opinion of the live trading room. The reader had subscribed to the live trading service, and was gracious enough to allow me a few days admittance. After only a single day, I had enough. At no time did I see a live trading DOM on the screen, nor was there any record of trades. Sure, there were suggestions of trades, and there were conversations about certain set ups, but there was no actionable advice.
The hallmark of a good trading room is complete transparency and a complete and verifiable track record. In my opinion, I found Adrian Manz trading room to be severely lacking both.
Are the various trading room products scams? In all honesty, there is no way of really knowing. Since nobody is keeping score and keeping good records, then how can this service be evaluated? I expressed this opinion in the trading room, however my request for a track record was ignored.
In my opinion, Adrian Manz needs to accompany his trading products with a fill sheet directly from his brokerage. With such a massive amount of live trading product offerings, and suggestions, it is nearly impossible for Adrian not to show a winner on occasion. But is he really even live trading with his own advice?
A quick online search revealed several complaints listed on various websites. The following is a customer that purchased the “Around The Horn Pattern Scan” product. This product proclaimed to include a 60 day money back guarantee. The customer was not happy and wanted his money back. As per the complaint, Adrian Manz simply ignored the person and pocketed his money.
Another online complaint filed on Rip Off Report also claimed that the Adrian Manz, Passive Income Trader program marketed the following claim, “I turned a $12,822 account into $3.8 million in just 8 months”. However, after participating in the program, he was not able to achieve any success whatsoever.
In addition to the Trader Insight website, it appears that Adrian Manz also has several other affiliated websites that he is using for marketing purposes. These include a website titled, Daily Momentum Traders and Straddle Traders Pro Reviews. Both the Momentum Traders and Straddle Trader Pro products have been removed. It appears that Adrian is keen on creating ever newer products with names like Momentum Trader Service, Straddle Traders Pro Service, etc.
Do these negative reviews and various online complaints mean that his services are a scam? Considering that Adrian has been selling trading products for nearly a decade, we can expect at least some complaints. But I find it worrisome that so many products seem to be appearing and disappearing over the life of the business.
I also find it especially troublesome that Adrian refuses to publish any sort of verifiable track record of trades.
Wrapping things up
Another day, and yet another review of a “trading guru” that either cannot, or will not verify claims of trading success. Perhaps after Mr. Manz reads this review, he will be compelled to respond. Be compelled to publish trading records that verify his claims of winning 98% months.
I don’t know about you, but if I were able to generate profits 98% of the time, I sure as heck would not be selling trading courses. I would be out enjoying myself and spending all of those massive profits.
Thank you for reading and don’t forget to leave your comments below. And if you have every purchased any of Adrian Manz products or services, your opinion would be greatly appreciated.