Almost all trading rooms are not worth paying for because the person or persons leading it do not make money trading. This review will go over the SP500GURU.com trading room to see if it is worth your money.
In the comments section I was asked if there were any trading rooms I recommended. To be honest I haven’t kept up with the trading room scene for a couple of years. In my estimation over 95% of all trading rooms are not profitable.
The only long term profit being made is the owner of the trading room receiving the monthly payments from the people who have signed up for the monthly or yearly billing option.
If these trading “gurus” were actually profitable and making massive amounts of money like many of them claim, then why would you bring on clients?
Clients are a pain but are 100% necessary if your main source of income is sales which is why most trading rooms are created.
***I get paid nothing if you sign up to use SP500GURU‘s trading room. I am not an affiliate for SP500GURU so I don’t care if you sign or don’t sign up to use his trading room services.***
Who Runs the SP500GURU trading room?
The SP500GURU trading room is run by a dude everyone calls “G” which is short for Gordon. From what I have read and my friend told me is he has been trading futures for over 15 years.
I have no idea if he has a full time job outside of his trading room and if he even trades himself. He seems like a pretty cool dude and if you go to their website you will quickly see he hardly uses any type of lead magnet or hard sales landing page to get you to sign up for a “free” ebook in order to get your contact information. It is a pretty bare bones layout that gets right to the point.
This is a positive in my book. The reason why is because I am in sales and I also am extremely familiar with sales funnels and lead magnets. I can usually tell right away if the “guru” who is trying to get you to buy their course or subscription to their trading room is legit or not by how polished their sales page and website is when you visit.
A good rule of thumb is if their page looks like a Click-Funnel landing page then get the heck out of there. There is around a 99% chance they are not a profitable trader but know people will buy their crap if they try to position themselves as a profitable trader even though they won’t provide any proof.
Here is the homepage for the SP500Guru below:
As you can tell this was created by someone who isn’t trying to get you to into their sales funnel as fast as possible. So the more unpolished the site is then the more I lean towards it being created by a trader who actually trades and not someone trying to trick you with their fancy presentation. (Does that make any sense?)
How Much Does it Cost?
If you want to give G’s trading room a test drive then you are free to do so. You can do it around the 1st or 15th of each month. After that the subscription service starts. The pricing is as follows:
- Trade the E-mini: $220/month
- To trade the ES weekly options: $350/month
- Trade the ES and gold: $350/month
- Pay per day: $15/day
If you are looking at trading the E-minis which is what I would be looking to do (if I ever join) then it would cost me $220/month which comes down to $10/day.
Also, if you know you can only trade 14 days or less per month then it is more cost effective to do the daily plan at $15/day.
$10-$15/day isn’t bad if his trading room works for you. I’ve seen much worse pricing from shady trading rooms that I know are scams.
What is the Room Like? Trading Signals? Entries and Exits?
G’s calls can be confusing to some and may take some time to get used to. I’ll post a photo below of what they look like.
From what I understand he is looking for the areas where the big players are looking to enter. He’s obviously not right on 100% of his calls but he seems to be pretty accurate.
The room has other people who you can chat with and from what my friend told me he met some cool people in the room who he chatted with outside of the trading room.
As you can see from the trade calls they can be a bit confusing until you get the hang of them. The stop loss he recommends is 1 point for the e-mini.
Final Verdict
The highest praise my friend said about G is:
“I am no longer in the room but not for the reasons you may suspect. Gordon was a huge influence to me- He changed my trading style a lot primarily allowed me to double my profits. I learned more from reverse engineering his calls than I would have imagined. I think the world of him. His calls are confusing to some but if you dig down you begin to understand he is identifying the areas where the big players are looking to enter. “
That is the whole basis for my recommendation to the SP500GURU’s trading room. If my friend thinks the world of him then I believe him. Like any trading room you should not set out to use it the rest of your life. You should look to learn what you can and how it compliments your trading style.
Unfortunately my friend (who I mention often) passed away a couple of years ago. You can read more about him in this post: https://evancarthey.com/how-to-become-a-profitable-trader-using-meditation/
He is the one who got me into meditation that made me a profitable trader.
At the end of the day you have to create your own trading style if you truly want to be profitable. We all will take different paths to get to that place. SP500GURU’s helped my friend double his profits so obviously it was worth it to him.
It might or might not work for you. I don’t know. It ‘s for you to test it to see. This is one of the rare trading rooms that I would consider paying for their services when I go back to trading the e-mini.
Hope this helped you on your trading journey!
P.S. – If this post benefits you and if you haven’t used Robinhood for trading stocks but are thinking to then please consider using my referral link when you do sign up: http://share.robinhood.com/evanc203.
This way each of us will receive a free share of a random stock if you sign up through my referral link.
My Robinhood Review: https://evancarthey.com/review-robinhood-trading-service-with-no-fees-part-1/
