I'm only familiar with him from subscribing for about three months recently - he had some very good ideas (mostly commodities related) for at least the last 12 months or so (don't know his track record further back) but recently, it seems like his main focus is patting himself on the back and hawking his pay lunch get-togethers in various cities and also, jacking up his subscription rates. I liked a lot of his commentaries as they crossed political boundaries on both sides and were well thought-out but ultimately was turned off by his price increases and focus on getting more and more subscriber monies.
If you want to emulate him, focus on commodities and commodities related equities and buy on pull-backs.
"The Future Ain't what it used to be"
The following user says Thank You to heywally for this post:
I need an attorney to file suit against John Thomas, the so called mad hedge funder trader. The man is an arrogant, name dropping incompetent. I lost nearly $10,000 due to his advice during his 90 day trial period. I have the evidence to prove it. Please provide me the names of some law firms. I need to file a lawsuit against this man. Please email me with information about a law firm. This man should be exposed for what he actually is.
Last edited by STemplar; April 7th, 2011 at 07:34 AM.
Reason: Additional Information
The following 2 users say Thank You to STemplar for this post:
First of all, I feel sorry for you that you lost some money.
This guy is a journalist, not a trader. He is mostly known for interviewing traders.
And if you ever happen to see something like this in the Internet, do not believe it. It is a trap. It is likely that you will lose your money. Also you should know that it takes years to become a world class trader, and that most who try will not succeed. So this is an obvious lie.
I would not give any money to somebody who lies to me and has not proven his reliability or competence. I don't believe in Father Christmas either.
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Last edited by Fat Tails; April 7th, 2011 at 09:40 AM.
The following 4 users say Thank You to Fat Tails for this post:
Sorry, but someone has to take a stand against this guy and the type of marketing that surrounds him. I've consulted with a class action law firm who is very interested in this matter. I believe there needs to
be massive regulation of this industry on the internet, a Mr. John Thomas, the arrogant little incompetent prig that he is, is going to get the type of publicity that will be his worst nightmare.
The following user says Thank You to STemplar for this post:
Unfortunately, there are and hundreds of websites of this type. They all look similar and have little to offer.
This guy at least knows something about international financial markets. He has a valid track record as a journalist, and is certainly not the worst of the bunch.
There are lots of guys specializing in internet marketing, and they just create various sites for everything. You subscribe and get a useless package of indicators which was illegally copied somewhere else, and have to pay a couple of thousand $$$.
I would rather focus on learning how to trade than waste my financial and emotional resources to get a revenge on this guy. I guess you will have to pay your lawyers, and that money is probably not well spent.
The following user says Thank You to Fat Tails for this post:
Class Action Attorneys and Personal Injury Attorneys DO NOT CHARGE A FEE. It costs me nothing.
This could be a landmark case regarding the regualtion of financial advice given over the internet.
You assume certain obligations and responsibilities when you take someone's money and promise certain
services relating to finanical advice.
I will offer to settle the matter if he reimburses me for my losses, but that you can assume will not happen. At that point I have cause to go forward. The Mad Hedge Fund Trader John Thomas will be remembered in history in ways for which he has not bargained. Discovery proceedings should be very interesting. The truth about the "Mad Hedge Fund Trader" is, I suspect, much different than he leads you to believe.
The first people I will report the filing of the case to is FOX NEWS.