UPDATE- Summer 2019: I wrote this review originally in 2016. There are some useful comments below from former members to Jason Bond Picks. My original review/conclusion below is still valid though.
Jason Bond Picks trading service seems to be a popular stock picking service that I have seen mentioned on twitter and a lot of advertisements.
Out of curiosity I took a look at his service and below is a detailed, unbiased review (Meaning that I don’t have any affiliation with his service or get paid to write this) of his service after personally using his service as a member. His company pays a large referral commission so keep that in mind when you are reading various Jason Bond reviews.
I am just providing information on my experience and what I observed as a member. Normally I wouldn’t go near any stock pick service especially one that focuses on low priced stocks but I tried it out during a promotion they were offering. Anyways, here is my review…..
Jason Bond Picks Overview
Jason Bond picks is a service that provides day trading and swing trading picks.
They have a library of training videos and a live chat room with a moderator and members who post their day trades in the chatroom.
Jason looks like he has been posting picks for multiple years and he is pretty open about his past trade performance. If you ask, he will provide you a spreadsheet of all his trades in his account.
The stock universe he trades is stocks under $10 and some under $1.00 with a market capitalization focus of $100million to $2billion.
The focus is on liquid volatile (“high-beta”)LOW Priced stocks and the goal is 5-20% profits in a very short amount of time.
Here is a screenshot of a Profit/loss from Jason’s account of positions he was holding so you can get an idea of the stocks he is trading.
As you can see from the image above, Jason trades large number of shares on low priced stocks so the % moves can be as little as 5 cents a share.
Positives
The training videos are decent at explaining the types of trades he is looking for and how he scans for stock ideas but there is nothing especially unique about his approach.
The earlier videos were done 3-4 years ago but the content is still relevant.
The videos go through how he finds stocks, what chart patterns to look for, and lots of videos about technical analysis based on trades he did.
Essentially, the stock setups that Jason focuses on are:
- Oversold stocks that have seen a large recent drop and are technically ready to bounce.
- Continuation pattern within an existing trend
- Breakout from current trend
The selection criteria is based on popular chart patterns and candlestick charts.
He emphasizes that you should take the information taught and implement it for your own trades rather than focus on following his trades which I think is good advice since many of his trades would be hard to replicate(small moves and intraday trades).
Negatives
While the watch list and email that he sends out about his picks has some useful information, I am not sure how most subscribers will be able to follow his trades if they just wait for there alerts(see examples below). You would benefit more from learning the methods and adding his watch list names to your own watchlist. Then create your own price entry triggers so you aren’t waiting for the alerts.
The stocks are mostly low priced and sometimes not very liquid intraday. From what I have seen, he trades for very small moves based on intraday price action.
Many of the trades profits are taken intraday so if you are not looking to watch the market intraday then it probably isn’t a good fit for you.
If you are looking to replicate this style then you have to be comfortable taking large share positions in low-priced volatile stocks where you might be looking for as low as a 10-20cent move as a profit target. You really need to be on top of your positions.
Also, I have seen some examples where I see a large volume of shares traded prior to when he send out the alert email and then subscribers seem to jump in and sometimes the stock never recovers at least intraday.
I am always weary about low priced stock alert services where the service is taking the trades before they alert members since the trades are short term and sometimes not very liquid which can cause the members to inflate the price. In other words, don’t chase his picks if they have already moved. Have the alerts set ahead of time.
Here were some examples I took screen shot of a 1-minute chart for LEU on 3-9-2016 where the red arrow on the left shows the price(with big volume bar) that Jason says he got in and the second red arrow to the right shows when subscribers got the alert which I assumed is why there was a lot of volume.
Another example (1st red arrow where Jason’s entry price is) and 2nd red arrow when members got alert.
The above charts are just a couple examples of the type of stocks and trades he is taking so you have an idea of what to expect.
Most of his personal trades are 10,000 shares or more so he will take profits intraday on as little as 10cent moves and some might be larger.
Here is an example of trades in the chart room so you can see example of intraday trades for small moves.
Realize that some of the trades are intended as multi-day swing trades so you have to really understand chart patterns and price action to feel comfortable holding large share positions in these low priced stocks.
Overall View
If you are just learning about stock patterns and trading methods then you will probably find some of the training videos useful.
For finding trades, it is hard to say if you would do well following his trades as it depends on your comfort level and whether or not you have access to trading during market hours. Many of the trades are short term for small $ price moves.
Many people would probably be better off just using his approach and then using something like Finviz.com to screen for stocks and even specific technical patterns to find your own stock trades. I wrote about Finviz a while ago in this post.
Again, my main hesitation is I am not sure how many will be able to replicate his exact trades as most are small moves with large # of shares and trades taken intraday. I generally stay away from trading any penny stocks !
Overall, Jason Bond Picks is probably useful for SOME traders:
- If you are not sure how to trade then you will probably find Jason’s past videos useful but you can also similar information that is well organized in William Oneil’s bestselling books.
- If you are following the market intraday then you might get some value out of following his service and stock watch list. You can track what the stocks look like when he enters/exits trades to get an idea of the setups and his thought process. Try papertrading and see how you do.
- If you can’t really be around the market during market hours and you don’t want to trade large # of shares in very low priced stocks then you probably won’t get as much use out of the stock picks. (Many trades can be intraday scalps with large positions and small actual $ price moves)
He sometimes offers “special” sales or discounts so you might be able to try out the service for 1 Month for $50-100 when he has a sale but I would not pay the $1000’s that he sells his other services for(some as much as $10k last I looked). I’ll leave it up to the reader depending on their trading style and goals.
They have a no refund policy so I would recommend emailing him before subscribing to see his spreadsheet of all his trades so you can decide if his style of right for you.
There are some reviews online about Jason Bond picks with some saying its a penny stock scam and most reviews about his service are just positive reviews because Jason has a big affiliate payout program (I am not an affiliate).
I can’t really comment on the claims if Jason Bond picks is a scam as he isn’t just trading illiquid penny stocks(he also trades low priced ETF’s and beaten up, low priced smallcap stocks) and he is forthright with his actual trading record. I mentioned I don’t like services that enter trades before they alert subscribers(especially on low priced stocks) but in fairness he does provide his watch list to you ahead of time so you know where he is looking to enter. I also wouldn’t necessarily subscribe if you think you are going to replicate his trades and performance.
I hope this help with your decision making if you are looking at Jason Bond’s service. It was fine for the small amount I paid to see some of the videos but I cancelled after 1st month after better understanding his service and trading approach.
Please share this post if you found it useful or leave a comment below if you have any feedback.
Nice website. Happily I stumbled upon it while searching for a website connected to Ninja Trader. You are far to generous in your review of Jason Bond Pick, he’s a scoundrel, a liar and as close to a thief as it is possible to get. He front runs his subscribers, buys his position it the touted stock ahead of his subscribers and then sell to them as they scramble to get into the illiquid stocks on his watch list. Please read this in depth review. https://tradingschools.org/reviews/jason-bond/
Yikes, I didn’t realize there was some big web of sites behind his picks. Like the trade examples I posted, it seems hard to get in at his levels as everyone jumps in on his picks to drive the stock up but I think the video lessons were decent if people could get the service for like $97 a month to learn the videos. I don’t like low priced stocks that he trades and the thought of trading 20,000 shares on a 10cent move but it works for some traders and Tim Sykes has had a lot of success trading similar stuff.
Stray Dog is spot on about Jason Bond. I just wrapped up 2 1/2 years of his service and am now wondering why I stayed as long as I did. I did pick up some useful tips for news service and tax help, but for the most part, it was a painful experience having to endure Jason and his BS. Not sure when you got out, Brian, but if you don’t join his MRM (Millionaire Road Map) service which costs $8,000, he’s really not interested in you or helping you, other than telling you to watch the videos. And he absolutely flat out lies. He is NOT giving away a Porsche. He’s giving away a LEASE to a Porsche. That’s a HUGE difference and one that he doesn’t disclose anywhere on his website or in his constant talks about it. Also, he never shows his account statements, only his trading log. Well woop-dee-doo. I could say I made a zillion dollars last year trading…just look at my Excel spreadsheet and who is to say I didn’t? He also LOOOOVES to tell his sad sob story about being a broke and indebted school teacher every 15 minutes, when in reality, he blew up his account a couple of times and then got a $200k loan or gift or whatever from his “mentor” Jeff Bishop whom he claimed saw something in his trading. So basically, Jason IS NOT self made, he had help. A lot of it, but he conveniently leaves that out every time he tells his “story”. In my 2 1/2 years, I only heard him slip up and reveal the truth once. He also boasted about his account being at $461,000 the first of December 2016 and yet he claimed in his e-mails that he finished the year at $334,000. That’s a big difference. When someone questioned him in the room, he couldn’t say and blamed it on options plays (his “mentor” and the options teacher in the MRM room is Jeff Bishop. hmmm…). Anyway, to keep this from being a 20 page write up, I’ll end there, but when a “guru” spends more time trying to sell all of his services and his one of his students’ newsletters, etc., than making money, it doesn’t take a rocket scientist to figure out that where the money is made is in selling all the services, not in trading. He has to spend the majority of his time recruiting new people because the new people who try to follow him have much less than $25k in their account and when they try to trade with Jason, who boasts being a swing trader, but more often than not, ends up day trading, get stuck due to the pattern day trade rule, unable to get out, and lose their shirts. With so much deception with just stupid little stuff, there’s no way I believe he’s the great trader he claims to be without seeing actual trading statements, which he conveniently does not show, instead opting for his manually updated portfolio, which oftentimes is not even correct.
Thanks for the feedback. No, I would never sign up for a $8k service. As I mentioned in the review, there isn’t a “secret” to how to Jason trades…He uses time-tested chart patterns(which you can see on Finviz.com for free) and setups. My issue was he focused on low-priced stocks where he trades huge # of shares for tiny little moves. He is a good marketer and obviously makes SIGNIFICANTLY more money(Millions/year) selling his service than from his trading but I can’t discount the fact that he does make good returns on his trades. I also had issue with how the stocks moved in related to his buy/sell alerts as I showed in my review because he is in/out of the stocks before he alerts subscribers.
I did check out his sister-service from Kyle Dennis called Biotech Breakouts and Kyle is the real deal. He has a value-add approach to finding trade ideas and his methods are sound(mixing technical with fundamental) but many of his trades are on low-priced biotech stocks with small $ moves so he is watching his trades all day. The text message alerts occur many times after a move has occurred so if people are looking to just “copycat” trades then they won’t match his results. He does put a lot of time explaining all his trade ideas/watch list. If someone enjoys research biotech stocks and already knows how to read charts then they can just watch Kyle’s free webinars on how he finds biotech stocks and replicate his approach. No matter what service people try they need to learn how to find their own stocks ideas and not expect to copy a service.
I prefer a more systematic approach like selling options or following a stock screening approach. I don’t like trading many thousand’s of shares for tiny 10-20cent price moves like Jason Bond does but I guess it works for him and has much more volatility swings in gains/losses.
Your observations continue to state that Bond has something to offer those of us who agree with the agenda of trading penny stocks with huge positions and small movements in price. You do not comment on remarks indicating that Bond creates his own moves in a stock price by buying before recommending. Comments? This technique, done by others, has resulted in SEC inquiries into the practice.
So stay away, stay very far away. Bond doesn’t have data, secrets, info that will allow anyone to achieve the gains he touts.
Hello, I have no affiliate with Jason Bond or his services so I was just explaining what I observed. I have seen him trade some liquid ETFs so its not just penny stocks and not all his trade are day trades. I make no claims whether he “Creates his own moves or not” but some trades did see strange for timing as I showed in the screnshots. Again for the small trial fee I paid I thought his training videos about trade patterns, trade setups, how to trade pullbacks,etc… were fine and could be applied to any stock. I have observed his partner sites Biotech Breakouts and Jeff Bishop Top Stock Picks(only trade large leveraged ETF’s) both of which trade larger liquid stuff and aren’t day trading at all. On that note, I never suggested that people spend $1000’s for his service or trade his picks.
exactly.
Hi Paul Adams,
Yes, the SEC and the FTC are very much on these “recommendation services”, especially in the current market that many double digit stock prices have fallen into single digit price of penny stocks under $10.
The method of late alerts is known as “Front Loading” which the SEC is getting on top because some Wall Street players do it to their own clients with a little more smoke screen to avoid tripping into the SEC watch.
FTC has started going after trade courses that promote rich lifestyles, overnight millionaires and questionable trading strategies. Especially front loading penny stocks that have little liquidity when time to exit.
A word to all type of traders; if you have a honest bad experience and/or lack of promise delivery following whatever trade course’s procedure with big dream promises, the FTC wants to hear about it.
Especially now because millions of people are jumping into stock and/or option trading to make a quick income.
A few might win, a lot more will lose whatever little money they have with misleading trade pitches.
Thank you Paul for your insight,
Very much appreciated,
Gregory Santana
Haha. I got an Email from him( have no idea never heard of him) watched the free thing because I was free. I left 15 mi in. I made a comment how he pronounced Porsche wrong. All the idiots in the group were sheep. ” show me”, I wanna make millions”. I get a barrage of Emails. So I Emailed back. Guess I offended him as he was like I made ‘350,000 last year. You not your members. I also called BS on the guy who he claims turned 15k into 3 mil in e years. I’m in sales and i do extremely well. I also trade. I’m no expert but I’m studying and sponsored to get my series 7. When he mentioned penny stocks.was when I left the ” seminar”. Any ways. What lead me here was A I am an expert in detecting B.S ers. And the Email he sent because I offended his ego. And OIC provides tons of free education. This guy must of watched Wolf of wall street and a light bulb went off. Also how come when you google there is nothing about him, his net worth etc?
Hi Honest Trader,
Your review is very much right on what I suspected from the Raging Bull group of which Jason Bond is a key member. The tip off is the misleading big claim of a rich lifestyle from small accounts and show off brazen attitudes. With such bravo, it makes trading sound like some easy going money maker without education.
Essentially, all flash and no 3rd party actual account performance like a Live YouTube recording that can be linked for viewing.
Thank you because you have got me off the fence “not to buy in”,
Very much appreciated,
Gregory Santana
Thanks for your rewiew, I was about to sign up for a month trial promotion before I read this.
Will you be doing an indepth review on Biotech Breakout’s chat anytime soon? Interested to hear your experience with them.
Kyle’s service is very good. I didn’t do the Chat but followed his watchlist/pick service to understand his approach. I’m not a current subscriber. He offers a unique mix of fundamental biotech research with technical to find his picks. He trades catalysts so you have to be willing to trade low priced biotech stocks that can have large moves(up or down) but read through his blog and watch his introduction video about his approach to see if its a fit for you. https://www.biotechbreakouts.com/blog/how-to-do-biotech-research-part-1-2/
Whoever is saying that he buys a stock and then notifies his students so they all jump on the bandwagon to make a price rise has no idea what they are talking about he tells you well ahead of time what price to look for in an entry before he even gets him himself and holding them for swings, he puts out a watch list and oftentimes he has not even in them himself at the time when he does it so for someone to say he buys and then notified you are very ignorant of his service, I am very cautious myself and have been in other places and have wasted money I don’t think I wasted my money on his service whatsoever he tells you to learn from everyone and make your own style, and of course he is learning and so are all of us even those that have been doing it 20 years are still learning my suggestion is listen to what he is saying learn from everyone you can and then make your own decisions, he specifically tells his students not to Chase a stock even if he has already gotten it he has mentioned it several times days before what to look for and teaches when to get in it yourself, many people that call it a scam or just people looking for ticker handouts, I am open for discussion I’m just saying I have watched several videos on people saying people are a scam and you can find them on pretty much every single person on the internet,,
no I was not paid money to write this LOL but if you want to send me $29.95 for me to reply to you in the next 10 minutes I will also throw in a free steak knife ! , JK, just wanted to say probably a good idea to get the cheapest form of the services with access to their videos you can find some on eBay study them yourself learn from them and make your own trades have a great day
Hi David, thanks for the comments. I think a lot of people that join services like Jason Bond stock picks are looking for services that have alerts to tell them what and when to buy and sell. I specifically say Jason has some good lessons and people should learn how to use his watch list to set their own buy/sell points. I show the screenshots of what happens when people think they can just wait for his email alerts to buy/sell as they will be late.
i have found out the hard way,i tried following his trades only to get alert when the stock had droped.i have emailed consumer service.they told me no refunds.
The Allure Of Easy $$$ Has A Very Strong Appeal. Most Traders lose significant capital in this business Period. Pertinent Q’s before a trader purchases a trading methodology!
1. Guru?
2. Marketer?
I can personally tell you a Professional Marketer knows exactly the perfect language to say in order to sell his or her products.
A Guru in this business is a trader that “discloses his losses” in addition to his gains.
Losses are indeed part of this business.
Conclusion:
Majority Fail In This Business Is The Only Way Minorty Prevail !!!
Do not sign up with Jadon Bond! It’s badically a pump & dump where he alerts his viewers of his trade after the stock has gone up 10-15%. So then Jason exits with thousands and his profits are all from people who have paid him for the pick! What a racket. I tried to get my $800 back & theyve hung up on me twice.
He took $299 of money. I could not get throuh on the phone so he takes the money and gives me the support email later. They do not issue refunds. I want my 299 back as his style is not what I am looking for but they refuse to give it back.
Yes, they are very specific that they don’t do refunds when checking out so make sure you read all conditions before purchasing any trading program or service. A lot of trading programs don’t do refunds also because it can affect their credit processing approval if they get too many refunds.
What about the new guy, Davis Martin? Claims like 100% return daily. Any idea?
Hi Kris, Yes Davis Martin stuff works but make sure that style of trading is what you want. He day trades options of the SPY.
I disagree with the negative comments on Jason Bond. He continually says to learn the methods and not try to mirror. That is very risky as the quick moves in low priced stocks will leave you behind. His videos are very educational and set me straight on stocks trading. Kyle and Davis are also the real deal. Consistent profitability is not an overnight thing. This is a discipline you have to study and practice for yourself, and it takes time. I have been in all their services- now currently focusing on options with Davis, and learning a ton.
Thanks for feedback Valerie. I think a lot of people don’t match Jason’s style of fast trading little stocks and join because of the strong marketing about how easy it is. Kyle and Davis are good.
Guys, it is very easy to get a refund. Call your credit card company and do a ” charge back” for services not received. It’s a very common practice.
Finally an unbiased and smart review of JB. You were fair to JB and to your audience. Thank you.
Jason bond is a fraud , Don’t believe his stories about people making money he’s the only one who does ! His just another pump and dump guy.