2 Updates & Rebuttals Read More About : Rich Metzger
REVIEW UPDATE: May 31, 2018: MyStockTradingBiz remains committed to increased customer satisfaction and has improved their business practices over the years to better serve their customers. MyStockTradingBiz is truly dedicated to making sure their customers are satisfied and that any complaints which do arise are addressed promptly and fairly.
To date, MyStockTradingBiz has made good faith efforts to resolve all complaints reported on Ripoff Report. Based on our experience, the member business has proven to be among the top members of the Ripoff Report Corporate Advocacy Business Remediation and Customer Satisfaction Program as a Verified Safe Business™.
Over time and since becoming a member, MyStockTradingBiz has remained actively engaged and improving the way they address customer service complaints. As an active and current member of the Ripoff Report Corporate Advocacy Business Remediation and Customer Satisfaction Program we are happy to report that now more than ever MyStockTradingBiz remains committed to improving customer satisfaction.
Remember, no company or individual can ever satisfy 100% of the people 100% of the time. There are no products or services that will always be perfect for everyone and even the best companies will receive complaints from time to time. However, by participating in the Corporate Advocacy Program, the member business has made a commitment to working with its customers to resolve complaints quickly and fairly whenever possible.
Please keep in mind that as a consumer you have some responsibilities as well. Success has many definitions that based on your past experiences, current situation and your perceived expectations. Success with any product or service is always based on the proper application and understanding. The fastest car will not run if you never turn the engine on. Look at how you used the product or service that was provided in relation with the instructions that you received. The Corporate Advocacy Business Remediation and Customer Satisfaction Program will help you get your voice heard but please be prepared with documentation and fair representation of your concern, also have an idea of how the company can fix your concern. Can they offer additional services, extend warranties, offer a fair refund or just get you talking with someone that can help. ..let them know and let us know!
*Any consumer not receiving satisfaction from a member of the Corporate Advocacy Program should email us at [email protected].
Ripoff Report Verified™ REVIEW:
EDitor’s UPDATE: Positive rating and recognition has been given to Richard Metzger and MyStockTradingBiz for its commitment to excellence in customer service.
Ripoff Report’s discussions with MyStockTradingBiz have uncovered an ongoing commitment by the company to total client satisfaction. This commitment is unprecedented in the industry they serve. For one, they offer an onsite installation service where they actually travel to their customers location and perform a professional installation of the algorithms onto their customers tradestation platform. Furthermore, they provide 24/7 phone support to all customers. They are available to help ensure customers are properly trading their three algorithms. They don't just do the install and vanish.
www.MyStockTradingBiz.com owner Richard Metzger, has informed us that his personal philosophy is that his clients are a precious resource and he understands they are paying a good amount of money for the algorithms and therefore his number one priority is ensuring they are traded properly. The algorithms themselves are fully automated - so post-training interaction is usually minimal, however as the developer of the algorithms he loves discussing them as well as staying in touch with previous customers. MyStockTradingBiz periodically sends off emails to past customers asking them how everything is going.
According to Richard, this is probably due to the extensive support that his company provides post-installation and because they actually meet their customers face to face during the onsite installation. He is really building a community of traders.
"We're all in this together. We are all trading the same instrument (NQ Futures) and are following the same algorithm. When we have a big winner, we all celebrate collectively. I get email/text's all the time congratulating me on a winning trade or in the general performance of the algorithms. Initially, customers are somewhat skeptical - given the amazing returns we post. Once we do the install, our customers are able to see for themselves all of the trades the algorithms have generated going back to 2003. This is over 2500 trades that the platform summarizes in the trade reports. This kind of thing can not be faked. It proves that there is an algorithm that generates the trades we post on a back-tested basis. The only question is, will it continue? As far as we know, it will. Of course there are no guarantees, and that's the risk we all take. One things for sure, with a 10+ year back-tested history, over 2500 trades and profit factors between 1.30 and 1.80, we have no reason to doubt the incredible results will stop. Furthermore, since offering the system to the general public back in August of 2013, we've seen actual performance continue to match the expectations we post. This is pretty incredible. Our customers are getting an amazing opportunity. The chance to trade their own accounts with an edge that's usually only reserved for Hedge Funds and large scale brokerage firms.” ~ Richard Metzger Owner
The information provided in this report below is based on comments made by the owner, Richard Metzger, during an on-site inspection held by a third-party verification company with no biases toward MyStockTradingBiz.com.
Ripoff Report Verified™ .. part of Ripoff Report Corporate Advocacy Business Remediation & Customer Satisfaction Program.A program that benefits the consumer, assures them of complete satisfaction and confidence when doing business with a member business..
MyStockTradingBiz.com is a software start-up company, whose owner, Richard Metzger, has been in business since August of 2013. “This business is based on an intangible product that is written solely by the owner, and sold with the help of two hired sales representatives in offsite locations of Los Angeles and Las Vegas,” states Mr. Metzger, who provides either on-site visits and/or online installation of his software program.
Leads are typically acquired through advertising on the Internet, specifically, bizbell, bizquest and bizben. Potential customers contact the sales agents who then provide demonstrations. The leads are then passed on to Mr. Metzger for further questions and sales orders. He then speaks with the new client about preferences for on-site installation or online installation. After a customer lead, the sales team representative contacts the potential client and offers a demonstration, at which point they are shown a mathematical algorithm, which demonstrates the self-perpetuating program. Further questions are answered, and then a sales contract, software license agreement with risk disclosures and a non-disclosure agreement are presented to the potential client. The forms are signed and a mutually agreed upon date is determined for implementation. Mr. Metzger then implements accordingly while he, himself, visits the client personally for only one day during an actual installation.
www.MyStockTradingBiz.com Customer Service Improvements
Since receiving complaints through Ripoff Report, post-implementation surveys are being developed to ensure customer satisfaction, while keeping in close contact with all customers via e-mail and phone calls. The company has been in business since August of 2013 so, at this point, there are only a handful of customers. Mr. Metzger states that after learning of the complaint lodged against his company on Ripoff Report, he was able to contact all of his customers personally, and none of them voiced any dissatisfaction. Mr. Metzger is not aware of any particular common complaints, stating that he is committed to excellent customer service and to keeping in contact with all of his customers to ensure they are satisfied.
To resolve the complaint lodged on Ripoff Report, Mr. Metzger has since hired an attorney, called or e-mailed all of his customers to make sure they are still satisfied with the product, and has also spoken with his sales staff to determine if they had received any complaints from the field. Mr. Metzger states that he feels it’s best to have a good working relationship with his team and his customers at all times.
Mr. Metzger and MyStockTradingBiz.com recognize the value of working with Ripoff Report and its Corporate Advocacy Business Remediation and Customer Satisfaction Program, and the platform it provides for businesses and customers to interact and resolve issues. Mr. Metzger feels it’s best to take the high road and reach out to the unhappy customer to help resolve the issue. He also strives to keep a good working relationship with his sales team and his customers and is trying to learn from every experience.
"I feel the service I offer, a program of ‘trading’ algorithms, speaks for [itself], with authenticated performance reports, based on complex mathematical equations… I meet all my customers personally, with the exception of those who chose to install online without a visit. I keep in touch with my clients… The program does come with risk, as all trading does. This is disclosed up front as required by law, and indicated on my website,” states Mr. Metzger. He would like to personally reach out to any individual who feels dissatisfied with his program and work on resolving the issue.
www.MyStockTradingBiz.com Customer Testimonials
"Hi Richard,
It is going well. I am up a little over $10k on the $25k base. I am still only trading 4 contracts. Two nights ago, the over night RT TE was a little scary when the Asian markets opened, but it turned out ok when the US market opened.
Thanks," - email received on 2/21/14
"Thanks for checking in. I am currently still trading 4 contracts, however I'm going to be increasing that to 10. I am waiting for TradeStation to receive the deposit that I made a couple of days ago. So far, I am invested the 20,000 and in 30 days the $20,000 grew to $27,000. The results are great! Thank you." - email received on 2/22/14
"Hi Rich,Good news: I'm up money for the 2 week period! News: the "Burst" hasn't triggered yet, after 1 week. Has it triggered for you yet?" - email received on 1/22/14
"Glad we are flat today!" - Text received on 3/24/14
"Hey Richard,
Good day today for us, even with the big down day in the markets. Yay!" - email received on 1/23/14
"I have been using this system for about 2 and half months, it returned over 20% per month on my trades" - email review received on 1/3/14
"Rich's system works well during the last two months of 2013. " - email review received on 1/3/14
"I purchased the algos from Richard. I am very happy so far with his service (he came out to LA and spent about 8 hours with me showing me how they work). However, I have not "gone live" yet. This is because I noticed that his algos didn't perform as well in the first and last 2 weeks of the year; I have read in other places that algos do either really well or really poorly during this time. Therefore, I'm planning to use real money in a week or 2, and I will let you know the results."- email review received on 1/3/14
" Ive been happy with service , the outcomes for Rick system.Rick also is very service orientated and this is a must, this system is not complicated and its record to date collectively is very good.Others that Ive emai, prior to the course, have expressed the same. Hope this address your questions"- email review received on 1/3/14
"Rich is a straight up guy who has been very supportive post initial purchase and training to answer questions and talk regarding the system. I actually did the same thing as you prior to purchasing the system and got very similar feedback. This is not a get rich quick system but I do believe that if you are willing to deal with the ups and downs and become emotionally detached from the money aspect, it will yield the results that he advertises. The system has over 2400 trades in a 10 year span, which tells me that it is a very robust system. " - email review received on 1/3/14
"Hi Rich,
My P&L went positive! Just to clarify, no trades were executed on Tue, Wed or Friday (with 30 minutes to the close). Please confirm. My "strategy positions" page confirmed that no trades should have been executed, I just wanted to get confirmation from you.
Best," - email received on 1/31/14
"Nice to be flat with the nasdaq down. Like the system more and more." - Text received on 3/27/14
www.MyStockTradingBiz.com The Three Algorithm Systems
All three systems are coded in easy language, an alert is shown every time a new trade is generated, and you simply place the trade as instructed during the training.
Breakout System:
I purchased Richards day trading programs that he marketing on bizbuysell.com and this system is a total scam. He offered a demo where he showed you historical trades but they didnt reflect real life results. This guy goes around the US and sells these "systems" to unsuspecting people. He trained me for 2 days and left with my $15,000. I had huge losses and asked him for a refund since his program didnt work and he said it wasnt his fault and he cant predict the future. He does care about the individuals he sells his program to. Dont do business with Richard Metzger.
Owner
Meridian,#2REBUTTAL Owner of company
Sat, April 05, 2014
Our company has reached out to all of our previous customers in order to determine who might have had this complaint in order to resolve it in a professional manner. RipOffReport has also confirmed that this claim is bogus/fake. It's our understanding that this was a competitor posting anonymously in order to damage our product/company. The individual who posted this complaint has been emailed and we have been unable to determine their identity and have not received any response.
Pissed Consumer
Los Angelas,#3Author of original report
Sat, March 15, 2014
Here's what he falsly advertises. Don't fall victim to his lies
Offering a profitable stock trading business. Included in this offer is onsite training where I will link up with the potential buyer (in your home town) and provide training on running the three trading systems I developed. These 3 algorithms are automatically traded using the Trade station platform.
The first system is called the O1 Overnight Gap System. This system takes advantage of overnight gaps when the conditions are ripe. Since 1 January 2003, this system has returns of 7.89% per month.
The second is the B1 Breakout System. This system is a breakout day trading system and has had returns of 4.66% per month since 1 January 2003.
The third system is called the T1 Burst System that places intermittent trades as the system dictates. This algorithm generates returns of 7.82% per month (going back to 1 January 2003).
Combined, these algorithms generate over 20% per month. I will provide 2 days of onsite training to the buyer. These trading systems are purely mechanical, meaning you do not need to use any judgment. Furthermore, they are Autotraded by tradestation platform - meaning once the algorithms are loaded on your PC, the algo will automatically place trades (with targets and stops); you just have to monitor existing positions. No need to actually manually place the trades or to be sitting in front of your computer.
This can be done from home with minimal time required (5-10 minutes per day). This trading business is ideal for someone looking to diversify their income, with a minimal time commitment or someone who wants to learn to day trade.
Earnings shown assumes a starting account size of $15,000. This initial account size is fully scalable. You could start with as little as $5,000 and expect to earn about $1,000 per month. A starting account size of $50,000 could expect gains of about $10,000 per month! This is the real deal.
Call or respond to this ad to schedule a demo.