The Most Important Thing to Do…And Not to Do:
Over the years I’ve seen traders come and go from Jason Bond Picks. I’ve also seen a handful of traders that have been with him since day 1. With over 6,000 paying clients at this point, it’s safe to say that his services are attractive. But the biggest question remains: why doesn’t it work for everybody? In my opinion, it boils down to how the individual subscriber utilizes the service. In other words, do they have the right mindset and focus? Or are they trying to find some sort of unrealistic shortcut to riches?
What You Should Do → FOCUS ON EDUCATION
What You Should NOT Do → BLINDLY MIRROR ALERTS
While a service like Jason Bond Picks can potentially expedite your success within the stock market, it still requires hard work to ultimately achieve consistent profits and self-sufficiency. Of course it helps to have mentors like Jason who have been in your shoes to help guide you on the right path. That’s what the JBP community is all about – especially within the Millionaire Roadmap. But simply paying a subscription fee won’t guarantee success. The point is, you have to be willing to study, prepare, and set the right goals for yourself (process-oriented goals instead of results-oriented goals).
In the end, focusing on the right PROCESS will generate the financial RESULTS. Don’t let the unlimited profit-potential blind you from the proper mindset and approach that separates the successful traders from the unsuccessful traders.
Successful Traders vs. Unsuccessful Traders:
It’s important to realize that choosing the “right” stock is only a fraction of what’s required to be a successful trader. The mechanics of each individual trade are critical as well, such as Position Sizing and Managing Risk. How much of your portfolio are you allocating to the trade? What’s your ideal entry? Do you have an exit plan whether the stock goes up or down? What’s the catalyst behind the move? These are all questions that need to be taken into account before risking your hard-earned money.
Overall, the approach and thought-process between successful and unsuccessful traders are vastly different. If you want to have success with Jason Bond Picks, or any stock trading education service for that matter, you have to be willing to learn at least the basic trading concepts (risk vs. reward, candlestick charts, support & resistance, etc.), be well-prepared (watch lists, trade plans, etc.), understand that Failure is Part of the Game, and most importantly, NEVER blame anyone else for your shortcomings. Jason Bond is not in control of your portfolio – YOU ARE.
Now Go Become a Consistently Profitable & Self-Sufficient Trader:
I don’t want you to go on thinking that everyone who tries Jason Bond Picks and ends up going their separate ways from it is a lazy complainer. That’s not necessarily the case. JBP isn’t for everyone. Maybe his trading style doesn’t fit your personality or lifestyle. Or maybe his teaching style doesn’t resonate with you. All of that is perfectly fine. The point is that no matter what type of strategy you seek, find mentors and educate yourself as much as possible. The knowledge you acquire from them will take you much further in the long-run than blindly copying.
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In the end, nobody can force you to work hard and be successful. A millionaire trader like Jason Bond can only provide you with the opportunity to educate yourself, but he can’t MAKE you follow the proper path. So it’s ultimately up to you. I know that the alerts can seem enticing to blindly copy, but that approach won’t work out as well as you think. Will you put yourself in the right mindset and hold yourself accountable for your trading results? Or will you be a zombie follower hopelessly attempting to Mirror-Trade your way to success? The choice is yours.
Written by Matt Thomas
Related Pages:
- Jason Bond Picks Complaints: Is it a Scam?
- Jason Bond Picks Testimonials – Read Comments From Real Members
- The Infamous Jason Bond Picks Scam – Is He a Fraud?
- My Portfolio is Up Over 23% Since Joining Jason Bond’s Millionaire Roadmap
- Learn the “Why” and the “How” Behind Each Trade With Jason Bond Picks
I have always been interested in trading stocks, but have always been worried about the negative results that could occur if the stock price goes down. I have never heard of Jason Bond Picks before, but after reading this article it seems that he is teaching his students a method on how to become better traders in their choices. In many situations, people join a course, because they believe if I just follow this method, I would get the same result. It is not often true, we have to tweak the lessons we learned for it to work for our personalities and daily lives.
Hi Sasha – you make some great points. Stock trading certainly involves risk, but that risk can be controlled. For beginners who lack the education and experience, most veteran traders would tell them to “give the market a lot of time and a little money”. And that’s really the best way to get started. Focus on the educational aspects and try to build up your experience with a small portfolio, or even just paper trading.
I truthfully find value in many stock trading educational services out there, but you’ll find that there are quite a few naysayers because they use them wrong. Trying to “cheat” the process of becoming a consistently profitable stock trader by blindly mirroring somebody else simply won’t work. It’s not a durable strategy. The only way to achieve long-term success is to become completely self-sufficient. So the focus should always be on the educational aspects and finding an approach that fits your individual personality, schedule, portfolio size, preferences, etc.
Thank you for this knowledge. One of my goals in life is to create passive income through stocks, and what makes a successful trader is all the things you have listed, and my favorite is the ability to adapt because the world is moving so fast in technology. I am totally investing in the free ebooks available from Jason Bond and Kyle Dennis, and I will definitely come back here to learn more about trading.
Hi Matt,
Thanks for the sound advice and for outlining it in such a way that even non-traders and weekend warriors can understand. Wish I read this a while back (before I knew to have as you pointed out an exit strategy for win or lose). As you also said, successful traders learn from their mistakes, and luckily I did!
Thanks again,
Joe
There are no shortcuts when it comes to being successful, which is especially prevalent when it comes to trading. In trading especially, I feel like people get into it to try and make a quick buck but it takes work and focus to dial in on what works and what doesn’t rather than just throwing your money around hoping you’ll get lucky. Thanks for sharing and bringing this to light.
That’s exactly right, Charlie. It’s so difficult to get this point across, but long-term trading success will never come from blindly mirroring somebody else’s trades. You have to learn the concepts and find a strategy that fits your own personal risk tolerance, schedule, profit potential, personality, etc.
Don’t get me wrong, programs like Jason Bond Picks can certainly help with teaching the concepts, give you some perspective on a few different trading strategies, provide 100% transparency on every single trade, and offer a community of dedicated traders within Millionaire Roadmap, for example. And overall, it’s a great resource for education and guidance, but it absolutely should not be used solely for mirroring text & email alerts. By that time it’s usually too late, you’re chasing the stock up, you have no idea why you’re even entering the trade, and it’s just a recipe for disaster. Knowledge is power. Jason’s best students all trade their own setups using the concepts they’ve learned – and that’s no coincidence. Cheating the process by focusing solely on alerts is only a disservice to yourself and future success.
I agree with everything you say, education, hard work and perseverance are key to success and there is no get rich scheme out there. The only thing I would like to add is that many platforms use marketing tactics that would suggest that it is possible to get rich overnight without the need for any hard work. This is misleading and leads to many misconceptions.
If a more genuine marketing approach and language were used, people would know from the off that the process takes times and effort.
You make some outstanding points, Anita. Unfortunately, the marketing side of things can sometimes blur reality. Of course services like this want to put their programs in the best light, but it’s important that they don’t cross the line when it comes to promising returns or misleading potential subscribers. Jason Bond certainly promotes his services heavily, but he never guarantees profits. The main pull on his JasonBondPicks website is “become a better trader in 90 days or less”.
He also has some really great success stories amongst clients. One of his students turned $15K into over $3M at this point (in under 5 years), which Jason talks about all the time. And rightfully so – that type of return is incredible. But people need to realize that this type of result isn’t typical, at least not that quickly. And it had a lot to do with that particular student’s dedication and work ethic. All of Jason’s best students have a couple things in common. They never blindly mirror any of his alerts, but rather, study his material and apply his teachings to patterns and setups they find on their own. Learning the process and applying it is what leads to success, not blindly copying.
Is this the same as those of the online binary trading? I tried if twice but can’t seem to find much success with it. I, for most of the time, relied only on luck and guessing (which increases the risk of losing more money). I want to know more before I try again.
Just to give you an idea of my ideal income expectations, at least $10 per day for the next three months, and $20 per day for another 3 months, and I will be happy earning of $50 per day for the following months.
I hope that this program can really help me on my trading/investing venture.
Hi Anfernee. This is not binary trading, it’s stock trading. Relying on “luck” and “hope” rarely works out. It’s all about education, learning what setups work best, and managing your risk appropriately. There will always be losing trades mixed in, that’s just the reality of trading, but becoming consistently profitable doesn’t require you to be perfect. You can still make money only winning about 50-75% of the time. If you cut losses quickly, it’s even possible to make money winning less than half the time, believe it or not.
Of course, no gains can be guaranteed in this space. It depends on a number of factors like starting portfolio value, experience level, risk tolerance, trade management skills, market conditions, chosen strategy, personality, etc. But what I can tell you from seeing many other successful traders under the Jason Bond Picks platform is that they all work their tails off to learn as much as they can in regards to their strategy, understanding what works and what doesn’t, adapting to the current market environment, and capturing profits on a routine-basis. They don’t blindly mirror anybody else – they’re completely self-sufficient. From time-to-time, they might latch onto ideas they came across from other traders, but they research it further to confirm it’s an opportunity they actually want to be involved in. They make their own decisions and understand exactly what they’re doing. They plan their own trades and manage them appropriately.
Kyle Dennis is the best example of a member who utilized Jason Bond’s Mentorship Program in order to refine his own unique approach. In just a few years, he took a modest $15,000 portfolio and turned it into over $1,000,000 trading mainly biotech stocks. At this point in time, his cumulative trading profits have surpassed $3,000,000. In fact, just today he Breached the $1M Mark in 2017 Alone with nearly 4 months still to go in the year. This is his second $1M year in a row now. These are the types of results that are possible if the service is approached correctly. Most members who experience success do so on a smaller level, but the potential upside is massive.
I love the approach you’re following here – it’s so true. There are so many people out there selling schemes and services that people think (hope) will get them rich quick. It’s so important for people to understand the amount of education you need to get under your belt in order to properly take advantage of any service like JBP. I’m curious if you’ve ever looked into the services that James Altucher provides? He’s a huge name and it seems like there’s a lot of wishy-washy reviews around about what he offers – although he really does provide a very unique take on investing.
It’s funny you mention James Altucher because I just watched one of his webinars on “The 1,000% Backdoor” for investing in stocks today. He’s a popular name within the stock trading/investing space, and I’ve certainly heard his name be tossed around on multiple occasions, but this was pretty much my first real exposure to him and his strategy.
In essence, his approach involves taking advantage of what he calls the “Idea Economy”. In other words, he’s looking for companies with breakthrough products and services. But he’s not looking at mainstream, large-cap stocks in order to take advantage of such opportunities. He’s looking at little-known micro-cap companies with massive upside potential. And how does he invest in these lesser-known companies with confidence? He tracks the actions of large hedge funds and experts with track records of success investing in these companies or ideas first, and then makes a final decision based on trends and a few other pieces of his own criteria. But overall, he’s piggybacking off of some of the best venture capitalists out there, like PayPal founder Peter Thiel and FUBU founder Daymond John, for example.
In theory, this doesn’t sound like a bad idea, although I’d like to gather more specific information before making a final judgement on his program. Altucher’s “Top 1% Microcaps” newsletter might be something I review in the near future. His approach reminds me of Kyle Dennis’ Catalyst Swing Trading strategy in a way, and Kyle’s one of the best traders I’ve ever come across. He tracks the actions of some of the top biotech hedge funds on a regular basis in order to help him make decisions, like OrbiMed Advisors and Perceptive Advisors. It only makes sense that if hedge funds with tons of resources (smart people and research) are doing something, it’s probably in your best interest to take note of it and potentially even follow their lead. That’s kind of what Altucher is doing with his strategy in order to find and capitalize on “breakthrough” ideas.
Trading, yes followed that road and can honestly say that you can be successful provided you follow a proven plan and not detour from it as you need to be able to reverse engineer your trade and look at what went right or wrong with it.
Trading is no get rich quick scheme it requires dedication and as the article says a plan of action that needs to be adhered to be successful. Obviously JBP is not for everyone but it would be wise to hear what this guy has to offer and then see if its for you.
Trading is not for the faint hearted and should be at least 5% – 10% of your whole financial portfolio, I say 5% – 10% because it is speculative in nature and the initial investment can go south.
Finally I can say it is much better than the interest you get in your bank account and can accumulate providing you follow a solid risk and reward plan. Good opportunity but approach with caution!
This was really informative and it makes me want to look up a little more into Jason, his experience and what he has to offer. A lot of what was mentioned here really does apply in many areas of life and I think a lot of people get into trading hoping to get rich quick and not prepared to do their homework, so im glad you showed honesty in your review with no big promises.
Awesome article here, you really touched the root of all problems in any pursuing any stock trading strategy: the individual creates his/her own success. While all programs are different, what matters most is how you apply yourself when signing up. If you choose to learn from mistakes, and put in the time and effort, you will succeed. Those who want it handed to them, will be waiting a great deal of time.
Hello!
I have seen the gimmicks for “mirroring alerts”. Some of these programs really do try and suck you in by the easy “get-rich-quick” with minimal effort. This article has really put everything into perspective to be a successful trader in regards to the Jason Bond Picks program.
The success stories are awesome. Do you really think anyone who follows Jason’s system and applies themselves could become a successful trader? I have always thought you would have to be extremely dedicated.
Thank you,
Angela
Hi Angela. There are certainly a lot of sketchy programs out there that only send out “Hot Pick” alerts and provide absolutely no other guidance or education at all. Fortunately, Jason Bond Picks is different. There’s actually a major focus on the educational aspects so that members are able to learn the proper concepts and then ultimately apply them on their own. Some of the educational aspects include video lessons, webinars, watch lists, live trading sessions, special reports, and more.
And as you said, it takes dedication to become a self-sufficient trader because it simply won’t happen by blindly mirroring some random guru. You have to actually be committed to the learning process. People don’t necessarily like to sign up for things that are hard, so that’s why so many people get sucked into those scam “get-rich-quick” programs. They want something really easy and effective (aka no work with lots of profits), but that’s not realistic. People quickly realize that there’s not much substance to such programs after signing up.
Jason Bond Picks, on the other hand, has hundreds of successful clients who have used one or more of Jason’s programs to become knowledgeable traders. Of course there will always be members who sign up solely for the alerts (against Jason’s guidance) and try to mirror-trade their way to success, but it just won’t work in the long-run. Without at least a basic understanding of how the market works and various trading concepts, it’s a dangerous practice to blindly mirror anyone. There’s so much room for error if you have no idea how to properly manage your portfolio on your own.
Kyle Dennis, as mentioned in the post above, is Jason Bond’s Greatest Success Story who ended up taking a modest $15K account and turning it into over $1M in just a few years. And he didn’t do it by copying every single trade Jason made. He learned the concepts and figured out how to pinpoint profitable opportunities on his own. Then he executed on it. He has a knack for trading biotech stocks, but doesn’t shy away from opportunities all over the market spectrum. He now runs his very own newsletter similar to Jason’s called BioTech Breakouts.
Overall, I think most individuals who follow Jason’s training and apply themselves can ultimately become successful traders, but as mentioned earlier, it depends on a number of other factors as well. Not everyone will find that his strategy works for their own individual schedule or personality, for example. Maybe they find it too fast-paced, don’t like his teaching style, or find his services too expensive. Everyone has their reasons for joining or not. But in my experience, Jason Bond Picks is one of the best stock trading educational services on Wall Street, especially the mentor service – Millionaire Roadmap. Feel free to check out a handful of Testimonials From Real Members. Take care!
Wow, this is some optimal advice. I am impressed with the quality of realistic expectations set with this very real service, not based on gambling, random chance, or any other factors that don’t lead to winning, The process starts with mindset, and Jason Bond Picks is a business that hopefully doesn’t go away any time soon, so all the education continues to pay off for members.