Thumbnail of user stevent63

Steven T.

Contributor Level

Total Points
101

1 Review by Steven

  • GorillaTrades

11/20/16

As stock picking services go, this has to be the worst. I signed up and in less than 60 days after following all the picks provided I lost over $3000. Every pick but 2 went down dramatically with most of them hitting the recommended stop loss. Please stay away from this service, they have no idea what they're doing.

Thumbnail of user theg8
Gorilla T. – GorillaTrades Rep

Steven, we are disappointed to hear that you were not satisfied with your GorillaTrades experience. After a review of our communications, it appears as though we did try to resolve your issues by extending your free trial at no cost, reemphasizing the importance of fully understanding the GorillaTrades system before investing, as well as reiterating the market’s performance and how that should factor into your evaluation. However, during the time frame in question the Nasdaq fell by 2.3%, the Dow fell by 2.5%, while the S&P fell by 3.6%. Please note that during this same volatile time period, there were a total of 28 losing transactions averaging approximately 8.2%, while there were a total of 44 winning transactions averaging approximately 9%. Thus, not fully adhering to the Gorilla’s advice can certainly result in losses, especially in pursuing the most aggressive strategies during such a volatile period. But if you followed the Gorilla’s recommendations, any losses incurred during this time period should have been minimal. Additionally, if you owned any positions outside of GorillaTrades’ recommendations, we are sure that you felt this market decline in these positions as well, as this decline was not exclusive to GorillaTrades’ recommendations. With that said, the Gorilla strongly believes in the importance of removing all emotions from investing. As any good investor knows, losses will occur. The key to investing is to minimize your losses while riding your winners, and we believe we have been successful in doing just that. Please note that even after we repeatedly attempted to fix the situation and offer our personal attention to address your concerns, you continued to send in vulgar and offensive emails to our staff and refused to acknowledge any of the facts presented or any of our suggestions. In any case, feel free to contact us directly at thegorilla@gorillatrades.com and we will be glad to further clarify any of your questions.

Steven Has Earned 21 Votes

Steven T.'s review of GorillaTrades earned 21 Very Helpful votes

Steven hasn’t received any thanks yous.

Steven doesn’t have any fans yet.

Steven isn’t following anybody yet.

Empty.

Similar Reviewers on Sitejabber

Thumbnail of user kalle68will
11/4/22

They literally stole money. About 1k off my account. A female on a power trip. Watch out. Wolf in...

Thumbnail of user grahamk74
6/18/22

They never let us withdraw, and they will never reply to there email or calls, I have no choice...