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  • Report:  #1377569

Complaint Review: Momentum Options

Momentum Options, Rick Rouse, Momentum Trades Terrible Option Newsletter, Deceptive Advertising Fredericksburg, VA Internet

  • Reported By:
    ProTrader — Newton Massachusetts USA
  • Submitted:
    Wed, June 07, 2017
  • Updated:
    Wed, June 07, 2017

There are countless terrible option newsletter services out there, but Momentum Trades by Rick Rouse may be the worst of all. Please see the reviews on Investomonials as an overview here. Unforutunately, I missed the Investomonials reviews before subscribing with this charleton.  Ripoff Report has better traction in Google than Investomonials so many more should see this review and be able to avoid Rick Rouse.  This clown crows all about his winning percentage in order to bait in unsuspecting new subscribers.  As an example, if one places 4 trades and 3 are winners they have a 75% winning percentage.  However, if the three winners return 5% each and the loser is a loss of 100% the net is an 85% loss.  That's pretty much what we're dealing with when it comes to Momentum Options.  In 2016 the S&P was up about 10% and this clown lost 393%.  It takes a special type of moron to lose almost 400% in any year.  Of course you won't see this number posted on his website.  Instead it shows the cumlative gains from inception to December of 2015. Absolutely priceless, he just ingnores the most recent year to hide his debacle which wiped out all of his gains since inception and then some.  One Week ater subscribing I discovered the deceptive marketing and emailed Rouse simply requesting a refund.  This is part of his exact response:

"It's morons like you that try to get investment advice for free and idiots that don't trade the market every single day.  I don't ned retards like you badgering my name.  Put that on Gumshoe

Real professional guy right?  You'll also notice two gramatical errors in only three sentences.  This is typical for Rouse as was clear in the very short time I was a subscriber.  His complete lack of understanding of the English language and grammar would make a fifth grader cringe.  This dope, who has absolutely no credentials, has no business operating a bicycle let alone a newsletter.  His "commentary" is for the amateur hour. He continues to stay in business by baiting in subscribers with his deceptive advertising as clearly he can't make an honest living trading the markets. However, those reading this report will be wise to his schemes.

 

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