Wondering if John Carter's Simpler Trading is a scam? Unsure of the legitimacy of the Simpler Trading program? Watch my review of both Simpler Trading and John Carter's recommendations below.
Is John Carter a Profitable Trader?
In my opinion, John Carter is not a profitable trader.
I also believe that virtually all his followers will lose money.
John Carter has definitely had a few good trades.
He made a few million on Tesla calls.
But, overall, I believe that he loses money.
Buying options, except under certain conditions, is a low-probability trade and should be done under certain conditions (hedging, ratio spreads, etc.)
While John Carter is better than many other fake gurus, I also believe that he's not a profitable trader and that most of his followers will lose money.
John Carter seems like a gambler who wins a few hands at a casino and then uses those select winners as evidence to convince people that he's a profitable gambler.
When choosing an options trading instructor, it's important to look at their trades (I post my trades every month).
John Carter doesn't share his trading statements, nor does he share all his trades.
Simpler Trading sells courses, and you'll see in Carter's trading videos and book that he frequently recommends these courses.
They teaches day trading, options, etc. while using technical analysis (Fibonacci, etc.)
As stated previously, I believe that virtually every follower of John Carter's trading videos will lose money.
John Carter wrote, "What are my goals? My goal in my larger trading account is to make 2.5% to 5% weekly, and wire out 2.5%. In my small account, the goal is consistent growth."
The probability that he makes 2.5% to 5% a week is 0% - if he did, he'd be the richest person in the world.
I would love to subpoena his trading records because, as I said, I don't believe he's a profitable trader.
John Carter and Simpler Trading are Likely Not Legitimate
John Carter and Simpler Trading is not worthy of your time or money.
They sell courses and indicators and uses technical analysis while teaching high-risk strategies, like day trading, where there's close to a 100% failure rate.
Yes, he has made money on a few options trades. But, if his trading statements were subpoenaed, or if his "instructors" statements were subpoenaed (especially the ones who teach day trading), then it would likely show that they either don't trade, that they front-run their followers, or that they lose money.
Frequently Asked Questions About John Carter and Simpler Trading
Is John Carter a Scam Artist?
In my opinion, I believe that John Carter is not a profitable trader who generates the majority of his money by selling courses and memberships.
Is Simpler Trading a Scam?
In my opinion, Simpler Trading is not worth your time or money and I believe that virtually all their members will lose money.
Can I Make 2.5 - 5% a Week Like John Carter Targets?
No, not unless you take an incredible amount of risk and want to lose all your money.
John Carter and Simpler Trading Review?
In my opinion, virtually all of John Carter and Simpler Trading students lose money.
What Is John Carter's Net Worth?
I'd estimate that John Carter is worth about $25 million, almost all of his wealth is likely from selling courses, indicators and memberships.
John Carter and Simpler Trading Option Trading and Day Trading?
In my opinion, virtually all John Carter's and Simpler Trading's followers will lose money.
Who owns Simpler Trading?
Simpler Trading is owned by ZelnickMedia Corporation, a private equity firm. You can see it's a portfolio company of ZelnickMedia.