InTheMoneyStocks.com review: Stay away from this website 28

I was with them for over 2 years, and was one of the first services I used when I was trying to learn this trade. Not knowing a whole lot at that time, I was immediately suckered into the "hype" of a "no-hype" pro trading service.

Looking back now, they have taught me many valuable lessons. That is, what a truly successful trader is NOT. I'm now able to distinguish snake oil salesmen quicker than than you can say "In The Money Stocks Dot Com".

In short, they make themselves look like a very legitimate service that is trying to teach a highly proprietary methodology known only to a select few. The reality is, it's just a very basic trading system put together with bits and pieces of very common technical trading ideas like moving averages, gap fills, Fibonacci retracements, pivot points, classical chart patterns (H&S, double bottoms etc..) and candle stick analysis. Of course, to give it their special touch, they throw in a very secret and proprietary "time count" system which is nothing more than an actual count of the number of bars you see. Voodoo trading? That's what you'll get here. All this for a cool 600 bucks to learn.

All right, my actual results with that. I tried both the professional chat room (200 bucks/mth) and their Research Centre (50/mth). Chat room was absolutely a joke, as most here already said. Gareth will take no responsibility for trades UNTIL they play out. Nick will make only 2 trading calls a MONTH. I did very poorly with them in terms of scalping. e..g making 35 cents on scalping a hundred dollar stock like GS... (it's a joke).

The swing trading aspect, Research Center, is half decent. 60^% of the trades actually do work well... but if you dig a little bit deeper, you'll notice very big flaws in their swing trades. Very wide stops, that absolutely do not seem to agree with that they preach during their trading Webinars. Why huge stops? Of course, keeps you in a bad trade longer in hopes that it'll turn out a winner.

I have been trading with these guys for over a year now. Their track record does not show big losers. The losers slowly fall off the track record and these guys seem to think no one notices it. I have given them a fair shot with 12 months to show what they can do but I have just lost money! What's the point of learning their methodology when the members cannot make money following their alerts?

As of 6/22/15, some epic fail trades are:

CHK call option > -70% loss from initial entry, and added at half the initial entry; also bought long in addition to doubling down on options. The longs may work out down the road, options can expire worthless

AA long > -10% loss from initial entry (added to lower initial entry price, and opened call options, if bought long or call at initial price, screwed), “great entry”, ha

WMT call option > -75% loss (added long position later, and it could end up covering the call option loss, which most likely will expire worthless), traded simply on trend line and when broke the trend line, should have gotten out of the trade

DIS short > -5% loss (opened on 4/10, if bought short term put options or even couple months out in the money puts, screwed), does not close even after closing above the stop, probably will hold until the market correction or earnings, and hope for profit

TWTR long > -9% loss, quick call option played at much lower price and workout on rumor, what a joke

DDD, SSYS - while made some profit on rumors, has not up trended as touted in the rant, and under performs when the market rallies

AXP - June option puts expired worthless

VXX - June option calls expired worthless

XLF put > -70% loss, most likely will expire worthless

CORN call > -34% loss (August expiration; could recover; again, bad entry)

JPC call > -30% loss from initial entry price

Other losing trades – BIS long (no insight to short term market trend, IBB broke out, may recover when the market corrects later), JPM Puts, CNET long, DE short, ADSK long, SDS long, VXX long, FCX long (from November 2014), PLUG long (opened for over 4 months), VXX long, QQQ short (from October 2014)

While their methodology may have some validity, there always will be some equities that "fit" into their methodology, just like any other common technical analysis. Buying and selling any equity at their major support and resistance levels and pivots this year would have worked out just as well if not better.

RUN as far and as fast as you can from these guys. Talking out of both sides of there mouths. Do not even think about it. Just keep moving,

if you can't make money from their calls you ought to get your head checked

Captain Hindsight AKA Gareth Soloway. This guy is nothing more than a gambler. Doesn't follow his own stops and averages constantly. The best part is when I voiced my concern that they don't post position size of the trade and why stop are ignored, they blocked me from interacting with other members.

I strongly agree with all the negative reviews of this site.
I'm not gonna state what the obvious is that Gareth is a horrible trader but he does believe and states he IS THE BEST in wall street.
Looks like the negative reviews across multiple sites have proven that their are snake oil salesmen with fraudulent track record that doesnt take in account the share size of trades nor honor stops.
These days Gareth and even Nick has started posting more and more tweets. They never bother to promote their site and always demand and force members to write good reviews about them or he wont give out trades. He demanded ppl send testimonial videos to him. I laughed everytime and ignored him when i was in the chat room. Now that they are posting only shows they are desperate for new sheeps money so they can keep running the site. Even Gareth's tweets are 85% wrong. Take a look for yourself.
Here a prime example of what you get from Gareth. I guarantee this is the case with him.
HTTPs://WWW.inthemoneystocks.com/free-services/rant-rave-blog/item/187486-Tiny-Risk-Big-Reward-On-This-Amazoncom-AMZN-Trade-Setup
Here posts about a upcoming trade on amzn with defined stop loss. For the sake of guessing i'll say he shorted at 1214 cause that was the high at the time. Then boosts about it.
Gareth Soloway‏ @GarethSoloway · Jan 4
Almost +$6 in the money on the $AMZN short posted here earlier. Might get a topping tail today. I would love to see this close flat or negative today. #ToppingTail #TechnicalAnalysis #Chart #Trade #ResearchCenter
Now, amzn currently 1300, but no stop out, my guess average down and #rideordie, cause thats what his trades are, i feel sorry for the members

Here's a list back in late november 2016 that a current member sent me and he didnt do the 2016 [censor] move of tax loss selling, so he's ride and dying, see for yourself
VXX Long 05/19/2017 45.51 28.00 75.00 0.00 view
FB Short 04/28/2017 161.40 186.25 145.00 0.00 view
EGLE Long 03/20/2017 5.29 4.50 7.00 0.00 view
HD Short 03/15/2017 147.10 160.86 135.00 0.00 view
ADBE Short 03/02/2017 123.75 137.50 110.00 0.00 view
AAPL Short 02/28/2017 145.45 161.50 129.75 0.00 view
MMM Short 02/24/2017 197.17 215.50 180.00 0.00 view
BA Short 02/16/2017 213.35 265.75 150.00 0.00 view
SPXU Long 02/09/2017 18.52 15.40 22.55 0.00 view
DE Short 02/02/2017 108.82 129.25 99.85 0.00 view
MU Short 01/31/2017 32.23 45.00 20.00 0.00 view
CSX Short 01/23/2017 46.05 55.55 39.85 0.00 view
AXP Short 01/10/2017 83.12 90.25 65.00 0.00 view
Symbol L/S Entry Date Entry Price Stop Target 1 Target 2 Notes
BBBY Long 11/16/2017 20.35 19.00 25.00 0.00 view
TOL Short 11/10/2017 46.25 50.00 41.00 0.00 view
SCO Long 11/06/2017 28.55 24.50 35.00 0.00 view
VZ Long 11/06/2017 45.30 45.30 0.00 52.00 view
LRCX Short 11/03/2017 206.25 210.50 190.00 0.00 view
GE Long 11/02/2017 18.92 16.00 22.00 0.00 view
NFLX Short 10/31/2017 196.30 205.00 175.00 0.00 view
PG Long 10/25/2017 86.50 86.50 0.00 95.28 view
UGLD Long 10/23/2017 10.54 9.75 12.25 0.00 view
TTWO Short 10/12/2017 103.70 112.75 90.00 0.00 view
TZA Long 10/03/2017 13.20 11.75 15.50 0.00 view
JCP Long 10/02/2017 3.46 2.95 4.50 0.00 view
RACE Short 09/20/2017 112.87 118.10 99.75 0.00 view
SOXS Long 09/12/2017 22.64 19.50 27.50 0.00 view
MA Short 09/08/2017 137.49 150.50 120.00 0.00 view
TEVA Long 08/03/2017 22.47 19.80 25.50 0.00 view
SDOW Long 08/02/2017 28.41 26.45 30.50 0.00 view
EUO Long 07/31/2017 21.62 19.75 25.05 0.00 view
SDS Long 07/26/2017 48.48 45.75 52.15 0.00 view
SQQQ Long 07/14/2017 28.68 25.00 35.00 0.00 view
NVDA Short 07/13/2017 176.90 207.50 145.00 0.00 view
APRN Long 07/06/2017 7.77 6.25 10.00 0.00 view

There's also comments sent to me that the trades they put out are fake and all they have no risk and all they do is take members money and sell their webinars that anyone can google to learn. Absolute crime with INTHEMOENYSTOCKS.COM

Chat room review and warning.
Those who even think about joining chat room with INTHEMONEYSTOCKS.COM, be prepared to be OUTOFTHEMONEY often.
Many has left the chat room, leaving Gareth, self proclaimed best trader in wallstreet and the world, talking to himself and making trades for nickels and dimes, while risking 2 to 4 average downs to break even and if the trade doesnt breakeven, it becomes a SWING TRADE, then it becomes a PERMANENT POSITION on the portfolio. When he makes on the trade, its for pennies, nickels and dimes. HIGH RISK LOW RETURN, if thats your model, feel free.
Now lets talk about the afternoon session with Nick. Be prepared to hear a lot noise and no trades, granted the time of day, but simply dont expect much, but him saying his favorite phrase, "these markets are overbought" this is overbought that is overbought. Heres an advice, todays market is about momentum, go with momentum with a defined stop. So in short the CHAT ROOM is about making money for Gareth and Nick, not you.

You people must all be those who should never go near the stock market. Its actually funny to me when i read these. Anyone who has actually learned from and followed Nick or Garreth would know that they are prob the best traders out there. I am not even going to waste time on here with these people, but if you are smart you will check out the actual alerts (which you can do so for free) and compare that to their nearly decade of trades in the track record, that will prove to you that these negative people should not be talking about anything stock market related. And if anyone was an actual member at all thus far in 2018, then you know how on point their trades have been. Use your brain people, don't be mislead by the losers out there!

I have been a member of the swing trading service and day trader for a year. If you followed them in the research swing service just this year alone then you know the negative posts are fake. Their calls and guidance is second to none. Oh, its funny too that the reviewers used variations of Nick and Gareths names lol. That shows that its probably one person posting negative comments over and over. That brings up a greater issue, sites like this where anyone can post false information should be taken down. Its horrible that people are able to mislead others with bad information on a company like "in the moneystocks" when they are helping so many people. My only advice to those who read these comments is to remember the only way you can know for sure if something is good is to see it yourself, not by reading fake comments on the web. If you go to the in the moneystocks website you can see all of the trades for free. So do not listen to the fakes. Thanks to Nick and G for being great guys!

I find it interesting that one phone number to call is a NY area code but traces back to Port Charlotte, Fl. And there's a nice picture of a trading room on their site but the Tampa address is a post office.

I cancel my account and still have charges for 99.00 and 89.99 for the same service
When I called they told me that the website was changes to new one and that way they charge me twice on the
same day
When you subscribe to any service and the the payment is $99.99 per month, you cannot be charged for
99.99 plus 89.99 without any new confirmed authorization from the client, it look like SCAM
For all clients check your credit cards and when you cancel make sure no more charges
Be careful !
AG

You guys are all haters. I’ve been InTheMoneyStocks member for 10 years now. Nick and Gareth are both incredible traders. I only subscribe to them and marc faber. I used marc faber for long term distressed investing. They called this corona downturn to the day and called the bottom. they’ve nailed almost 30 trades in a row. You have to know the market and understand their system. You can single out a few bad trades which everyone has but they’re right a lot more than they’re wrong. Nick and Gareth are both very clear about the allocation and how heavy they’re going in a trade. Honestly I subscribed to several people in the past I think ITMS is by far the most consistently Accurate.

I have to add my 2 cents on the commons above again. The trades are totally real. I take 80-90% of them. They have an instant text message along with the website that tells exactly when they’re in and out. I’ve been a subscriber for 10 years and have never seen the trade list fudged with like being mentioned above so idk why you guys are talking about. On a side note. Do what they do and don’t deviate. When I was new, I would sell losers early etc. I’ve seen Gareth down 50% or more on multiple trades and then ultimately he gets out with a profit, break even, or very small loss. Don’t overload the boat. Gareth & Nick every single night talk about not overloading the boat. If you lost tons of money, you’re not following their asset diversification/allocation. I got to know many of the subscribers from Dominican Republic & Tampa trip. Many have been subscribers for years and still are subscribed. No one has that much long term repeat business if it’s bad. Honestly, I think their subscription is cheap for what they do. I’ve made thousands fold for what I’ve paid in subscriber fees but you obviously need money to trade safely.

It's true. I've tried many different subscriptions over the years and INMS is by far the best and most consistent source out there. I have only subscribed to Gareth because I was interested more in options at the time. The key for profits is to keep trade allocations down to a bare minimum and just follow their advice on getting in and out. That's it! For ever 9 wins you must expect 1 or 2 losers. It's that simple. The only negative I have about their service for the option plays is that most of the plays are 6-12 months out in target dates. So, if you don't like to wait for profits, then this is not the service for you. Patience is the key and even though most of the plays have extended target dates, you will find that they cash out in many of them within days anyway. It's just a buffer for any deviation in price swings.

100% sensorship for anything not boosting them and their site. They have a few loyalists, but all the rest have been silenced as the company hides their loses and boosts their massive percent gains. It's all a hoax. Just try to post on their Facebook or youtube. Anything talking about their trades are deleted fast.

Someone in the comments mentioned that when their day trade goes wrong it becomes a Swing trade - That is true. Doesn't mean it will go bad, they might have got their timing wrong.

What doesn't add up is the conflict of Risk to Reward. Most dedicated traders will operate a 2XR so 2 times the reward to risk (or more). If you look through their open trades going back the last 12 months. You will see the risk is extremely high, in fact sometimes the stock has even passed their Stop Loss. Then, many swing trades don't even make the open list, but if they work then you bet they are in the winning closed trades and increase the percentage.

Lastly. The percentage you see is not on the whole account. it's on a tiny percentage of the account. If you sit down and do the maths you might come to say 20-35% growth. That's not bad, but after deductions of monthly fee, you might do just as well or better sticking your money on an index tracker.

Advice. If you stay in their room. Learn pattern trading (youtube), and always know why you are getting in a trade.

I have been a member for almost 1 1/2 years now and I would call it a quite sophisticated scam.

It's a sophisticated gambling approach to trading. This might work in some markets but the last two years were basically the biggest bull market in history and I lost a substantial amount of money with the investing alerts.

These guys are short big tech for over 1 1/2 years and long china stocks for a good while. Both went in the complete opposite direction. And when it goes against you they don't adhere to their own stop losses.

There will be money added to losing trades and winning trades will just be closed after 1-10%.

No consideration of what's important (fundamentals) and it's all about charts (because it's easy to learn and easy understandable).

I would recommend to invest in a program with fundamental analysis. This is crazy and irresponsible trading and the complete opposite of what serious hedge fund managers do.

Best,

Everyone needs to understand what you will get out of their services as a whole. Gareth and Nick know what they're doing, there is no denying it. They are some of the best analytical chart traders in the industry and know how to spot trends. A novice could learn a heck of lot from these guys' concepts and approach to trading. The educational videos are fantastic and I've learned a ton from them.

The reality is however, you CANNOT blindly follow their Verified Investing alerts or day trades in the chat room. The day trades require way too much capital to turn a decent profit and to their credit they constantly preach trading small. You can't day trade small, it's a waste of time. One time Gareth put up 1.1M on the SPY around $450 and rode it out for maybe one minute to turn a $1, 000 profit. That is just not a reality for most people. As mentioned above, the day trades gone sour turn into swing trades. Nick won't chase losers, but Gareth will 5-6 times he will buy into a position. CHGG for example a month or so ago was bought at $35 all the way down to $28 and has just turned in to holding swing trade. Swing trades are generally recommended by Nick and Gareth to be around ~1-2% max portfolio. If you would have bought CHGG at 1% of your portfolio at $35, what kind of profit would you have made on 50 cent target move up? My advice for 99% of people is to listen to the day trading room for market insight but DO NOT follow their day trades unless you have their multi million dollar account size.

Most people will also lose money following the Verified Investing Alerts which are the Swing Trades. If you go to "Closed Positions" tab, you'll see a massive Gain % every single year for the last 10 years. This is misleading however, for two main reasons 1)not all positions are equal % sizes especially when they re-buy the stocks moving against them, and 2)they are holding a number of losers in Open Positions. And these are LARGE open losses if you're still in them, for example here are some currently open positions as of 12/13/21:

- Short AAPL $133.42 for 10% of portfolio (today's price ~$180)
- Short NVDA $201.94 for 12% of portfolio (today's price ~$300)
- Short TSLA $732 for 6% of portfolio (today's price ~$1000)
- Short HD $284 for 8% of portfolio (today's price ~$410)
- Short ASML $455 for 4% of portfolio (today's price ~$780)
- Short MSFT $303 for 9% of portfolio (today's price ~$343)
- Long VXX $42.30 for 6% of portfolio (today's price ~$21)

Several of these positions above have exceeded their stop price and someone else in the comments mentioned this as well. If you're going to follow their trades, there are rules you MUST follow. 1% or less for each position and stick with it. DO NOT chase stocks moving against you and set a stop loss (example 10%) that you actually stick with no matter what. By doing this you will severely limit your downside risk and also your upside, so don't expect to have 1000% returns like Gareth. There's no way to determine what your actual profitability would be since Gareth buys back almost every trade that moves against him, some of these work out and as you can see above, several do not and they can be painful.

While I do not recommend following the Daily Investing alerts blindly and/or 100% of the time, I still purchase the service for a few reasons. First off, it's cheap. Honestly. And I believe in their system and knack for reading charts and identifying trends. I follow a handful of services to obtain trade ideas and often times, Gareth and Nick are spotting the same market trends. That's what I want to be aware of. At the end of the day, it's a business and the better they can make these numbers look the more subscribers they'll obtain. If you understand all these facts, there is still usefulness to be found on their website and services.

You will lose all your money . Don't believe me go and try .I Just saves you all your hard money . Everything all this people are saying is 200% the thru..

Was making little profits on my own.

Portfolio size was 10k to start.

Rolled through 10k trades 3.3x and up +5.5%

Which is +16.5% on the 10k

I signed up month and half ago. (Swing trade alerts $99/mo)

He's been 100% accurate with +13% gain average (since I've been on).

I've not noticed any removing losses because it's been good thus far,..

... I will be keep track if I catch an L and he erases it.

I've profited $1,753.45 in month and a half.

I went bigger than suggested 1% on CVNA and MARA.

..and when he suggested FCX mining I went in on 3x mining ETF [MNM]..

that was heavy in FCX. Was nice move.

WBD Gareth still holding in live trading room. 1st August 2022 average is either $30 or $33. stock hit $13 and he had 18,000 shares. account wiped out for anyone following him. Also holding RCON at huge loss, BABA at a loss, are the ones i know about. not sure how anyone has money in there accounts to trade with if you follow the trades. i looked at verified investing alerts 12 months ago and account was loaded with losing trades. by all means learn from what the do but make it your own, and your responsibility. i use there day trading service to alert me too potential trades only.

I have been using their service for a year and I have learnt a lot and made money on several trades. The ones I have lost have been where I didn't follow their advice to size the trade properly. Not all their trades are perfect but majority of them work out for me. I would recommend them over other services I have had.

You are wrong. I have followed him for THE PAST TEAR both stocks and crypto and he has been spot on. Made thousands from his advice.

There is a lot of "smoke and mirrors" on this trading site. I was a member first of "Verified Investing Crypto" for about 8 or 9 months, then swtiched to "In the Money Stocks". The crypto service is pretty new, so the track record is pretty transparent. However, on the stock service, I would say that the "open trades" do not represent past "losers"... they either just stay in active trades or they disappear. I tried to ascertain how much of his portfolio had "disappeared" this way by following open trades in 2021 that never became "closed trades" and somehow just slid off the books... it was a huge amount, maybe over 65% of his portfolio disappeared. Which was pretty alarming. Don't believe me, look for yourself. ALSO the other problem is that his "method" is to invest minuscule amounts of his portfolio at a time, like 1%. I call these the "one off's" where if he's called it correctly, and to be fair, he does call things well most of the time, the problem is that if you make 10% on 1% of your portfolio, that's a POINT ONE percent return on your portfolio, not a 10 percent return. You would need fifty 10% return trades on a 1% investment to make a 5% on your portfolio. He justifies this by saying "we enter small and add". Well what that means is he has NO STOPS and he just keeps throwing money at loosers, sometimes to the tune of 10% of your portfolio or more. Then they can languish for weeks or months with you stressing out about it. When they do turn around, IF they turn around, he will be happy with a 5-7% return just to get out. Which means that you risked 10% of your portfolio to make a POINT FIVE to POINT SEVEN percent return on your entire portfolio. So if your portfolio is $100K, then that 10% follow the looser return will yield you only POINT 5-7% on your $100K. It all sounds good until you really sit down and look at how insane this is. I followed his advice, made a few hundred bucks here and there and all my profits were wiped out in one lousy trade he kept telling us to follow down the sewer. If you don't follow him and keep throwing money at it, you definitely will always lose because you're stuck with shares that he has "cost price averaged" down the drain. So you aren't getting a HUGE return for the stress you have to endure. I do think he has some good trading advice, I think that if you can just use it for a daily review of the market, and be EXTREMELY cautious about his trades, then go for it. I learned about charting and I would say that I was "schooled" in looking at trading ETF's, shorting, etc. So for that, I feel he was worth it. But I'm getting out because it's wearing thin and I don't like listening to the BS anymore.

I had been communicating with Gareth via Twitter when I reached out respectfully in frustration as the unrealized losses were mounting well beyond the realized gains and his reply speaks for itself, via the screenshot. Absolutely disgusting. Needless to say, I will never do business with someone who would treat a client like this.