Chuck Hughes Trader
Con genius Chuck Hughes robbed me of $7000.
I have been conned by this market guru or investment genius as he is termed by him and his followers, Chuck Hughes. Chuck claims to have learned some secret formula through experience and is kind enough to share it by his training courses costing between $6,000 and $15,000 upfront. Performing a quick Google search of his name and scam will tell you more than you need to know about avoiding such sure-fire trading systems and the ensuing hard sales pitch for their training courses costing. All the material that you find on his YouTube videos is just to get money out from your pocket for his online courses. All the big promises are fake! I fell for those fake promises and lost $7000 in the name of becoming an expert in the field of the stock market. The biggest issue I have with this guy is that he is presenting his track record as if he has never in the past, lost any money.
It clearly presents the fact that Chuck Hughes is a fraud. In his lectures or all his videos, he is simply sounding as if he has cracked the market and become a billionaire and is never going to fail. In reality, he has nothing! I have attended his online lectures which are not at all worth even $70. It’s important for us to turn off our TVs, cultivate intellectual curiosity and read. We live in a time of unprecedented access to knowledge and should take advantage of it. And in such a time, people like Chuck Hughes are busy scamming us and taking benefits from us.
He even goes so far as to declare himself the world champion of trading!? WTF?! Also, there are 20 different websites using his name! Which is not at all legit! There is something seriously fishy going on in the name of training you with becoming a stock guru. There innumerable claims and complaints of people for all these websites. I should have searched online about it before investing. I couldn’t but you please do. Please beware of this practice which is going on in the name of this con man also known as investing genius Chuck Hughes.
Chuck has made me think that all these guys, involved in the training of the stock market are hucksters. They do make what appears to be outrageous claims of prosperity but let’s one bear in mind they all have succeeded whereas you and I may be struggling. Several years ago, I attended his seminar in Washington, D.C. There were probably 150 attendees spending $2K apiece to be there. You can do the math yourself, this is the slightest demonstration of how Chuck frauds everyone. Plus Chuck is a very charismatic speaker. Would you have attended his seminar if he told you in his marketing that he lost 50% of his entire grubstake while he parlayed $10K into $1M in a year’s time? That he had actually made $2M but in the final month or so of trading lost a cool million. So he keeps all the facts away from you and then in the name of refund and all he takes away the money and does not return it back. Because telling every fact makes it, not so appealing when presented in those terms so of course the guy is embellished.
In that seminar, he also told the story of why he doesn’t manage accounts for others. It seems that when he did, he took this one woman’s $10K and turned it into $300K in a year’s time and she filed a lawsuit against him! The lady claimed that he didn’t turn it into a million like he claimed he did that one year and so she felt cheated. She lost the suit of course, but it soured him on doing any more account management. I used to be an electrical contractor. I could rough in an entire house in a day’s time. I could teach you to do the same also, but it would probably take you the better part of a week to do the same job. Does this make me a poor teacher or rather is it because you need much experience first before it becomes second nature?
Chuck Hughes has something called MVP Secrets manual which he terms, differentiates him from others. He does not claim he never has losses but on the contrary, claims that he tries to maintain a 3:1 ratio of profit to lose, which is obviously to make you fall for his trap i.e. to give him your money to manage. This sounds like money management. OVERALL, he claims fantastic profits and provides his E*Trade statements as proof but that are not trustworthy and are specially provided to gain your trust. I have lost my money and so I want you everyone to stay beware of this guy Chuck Hughes.
The man is completely insane. He keeps telling great things to make you feel excited to give him all your savings. He makes it seem as if the investment is an easy task. It is not true. It comes with its own challenges and dark side. Losses are a part of stock trading. And, this guy tries to put that side apart and present you the side that he may never be able to accomplish for you.
He made promises to me and made me pay $7000. This is absurd. I would have never paid this much of amount if I have at all researched about him before enrolling for the program. I was stupid. But you can save yourself. This man is a scammer and not at all trying to provide you any profit. He claims big things and does nothing instead. What he teaches is something one can find for free on the internet. The strategies are basic and every trader would know it. One does not have to try his courses to get to know the same old school tips. That may work and may not, which is completely fine. But claiming that he has got the full proof solution to stay at the profit end is bullshit.
Here it is 3 months after I signed a contract with the Chuck Hughes Co. and have not made a dime. A chunk of my life savings $5000 went to them promising 100% return on my money and it appears that will not happen. No matter what even if you ask for a refund you will not get it, so unable. to higher an attorney, And needless to say, is this all I can do about this service that has delivered nothing so far, and still has my $5000?
Scammers
Don’t even consider spending your money on this people, all their claims are just fantasies being pitched at people to lure them to spend their hard earned money, I was one of them, I tried 3 of their top programs and all I did is lose money on all of them, their email offers always telling you to schedule a Call, their top programs they said they will make you money, well a few years back I called and they told me that I needed a brokerage account with at least $5,000.00 on it for their program to work, plus their fee was at the time 5,000 dollars to be enrolled, I told them that I didn’t have the money because of a recent divorce and that I would call them back when I had the money, well I never called them back, then I decided to try their optioneering program and lost about 7,000 dollars trying it, I finally decided to call and the man said ahhh you called before, has things changed? I told him yes but I wanted to know how much money I needed to use their so called weekly option alert system and he said that I needed a minimum of $10,000.00 in my brokerage account, so I ask him how much was for the program and he changed his voice inflexion as if I was wasting his time, he said call us later when you have the money, I’m glad I didn’t tell him I had the money, so I asked him again, would you give me a round figure of your program fee so I can come up with the money and he said $7,000.00 dollars to get in!!! Well I’m glad I didn’t, don’t do it, there’s better and also honest training outhere, yes, I lost a lot of money with them and they didn’t even want to give you a refund but instead they offer you an extension of their program, well I’m beginning to think that their succes is due to scamming people out of their savings by charging such outrageous fees and they always claim that they’re only accepting 10 people for their programs, think about this if they scam only 2 people per day that’s 14,000 dollars that they make, they don’t trade on the market, their market is the people, scamming us out of our hard earned money, may God bring justice upon them.
CHUCK HUGHES A TOTAL FRAUDSTER..
I was initially very impressed by Chucks claims. So I joined 2 of his programs, Optioneering Workshop and Options for Income. After more than a whole year trading his recommendations I have only lost money. Starting with 30,000 my account is now down to only 4,000. There is absolutely no customer service at all and no one to talk to. They do not even publish the actual performance of these 2 programs I have subscribed to.
Then this week I receive a special offer to join his Chuck Hughes Challenge to enrol as a student for one year. In the beginning it all sounds like he is doing a favor by enrolling only 250 students to really and honestly teach them for proving himself. However, in the personal interview with his marketing guy James he finally discloses that there is a fee of a whopping $6000 to join this program! I informed james about the 2 programs I am already in and lost my money trading Chucks system and if he could help me to provide the actual performance and cancel my account. He surprisingly said he could not help me at all. THIS is the service or rather terrible NO service you get.
So, be warned and stay away from anything related to Chuck Hughes.
Chuck Hughes Scam
I bought into the Chuck Hughes hype, and for a few trades they did actually make money, yet it was entirely dependent on the market. During the past 4 months, they have made essentially the same mindless trades regardless of which direction the market is going and I have lost a ton of money. I keep trading the system diligently as I am hoping to make a profit from “the world’s greatest trader”, yet every single trade has been a losing trade for 4 months now. I could have done better with blind luck than Chuck’s trading system.
Then they have the AUDACITY to continue to harass me and advertise their other trading programs to bilk MORE money out of me. I told the salesman “If I were up right now, I would consider buying another one, but since I am down 33% of my total portfolio’s value, I am not going to buy” to which, without hesitation he replied: “But we have people making tons of money on this other system, so can you spare another $6000?” NO. Then again without hesitation he asked when he could call me back. Never.
The only way they make money is suckers like me who actually believed his “track record”.
DON’T BE FOOLED BY THE NAYSAYERS OR DEBBIE DOWNERS. HUGHEs Optioneering works !!!????
Bottom line , Chucks program works. I started Jan 2021 after investing in his program. Simple Truth, my trading account is up over 125% in 10 months even in this weird market. If you follow his disciplines and rules you make money. If you don’t your risk increases to lose money.
No one is 100% accurate but I have yet to find anyone better. I might also mention I know someone who works for one of the big trading firms and he agrees with me about Chuck Hughes option trading programs. I wish I would have started ten years ago.
Consumers scammed with full immmunity
Call any consumer protection agency and ask why they let consumers be defrauded by scammers itcalls for a class action lawsuit to cost these evil fraudsters $$$$$$
make them bleed like the people they defraud.
I will research Chuck Hughes as he suggested. Presently, I believe his report, because of the complaints of other are reflected. His deep ITM option premiums are extreme and one can still lose money if option goes against you.
Not worth the money
I just canceled my order for the Hughes Pro Trading Service which I paid $1999 for on 3/15/21. At least, I hope I did. I haven’t heard back from them yet. One of the parameters for buying, according to the course, is a per cent age of price vs strike price need to be at a certain place. I found no qualifying stocks. Final straw. I canceled.
Chuck Hughes is a total scam artist. I took a course on how to Trade Like Chuck. It costs $5,000. I would have been better served by blowing $5k on Booze & hookers in Vegas. Even the instructors of this course were pointing out how Chuck recommends trades to his “disciples” and then trades against their position. That’s called being a bookie. Save your money. Learn how to trade thru FREE tutorials put out by Think or Swim. Don’t get swindle by Chuck Hughes
Chuck's Market Neutral Calculator tells it all - Fraud!
Chuck Hughes has sent me lots of pamphlets over the years, showing me how he would help me make millions if only I would pay several thousands upfront. I often take time to study his strategies, for a smell test. I have found them to fail every time. In the most recent pamphlet he includes a table to what he calls Market Neutral Calculator, showing his fantastic trade in Costco. According to the presentation the trade was entered on 07/19 (it does not indicate a full date). Costco was trading at $118.07 at the time of the trade. He reports that he bought 1 Cost Aug 17 $115 Put @ $1.03 and 1 Cost Aug 17 Call @ 12.65. He claims that his “market neutral calculator” for this trade assuming various prices of Costco by the option’s delivery date, ranging from a decline of 40% to an increase of 60%. However in that calculator he under reports the premium for the call option, at $5.48. That enables him to claim that the trade could not incur a loss under any price outcome within the range analyzed. One could say this is an error in reporting. It is not. I know this because every pamphlet I have reviewed over the years has a similar mischievous calculator.
I was just making an inquiry of his staff. They were very rude, and had no interest in informing me regarding the questions I had.
Called Brad. He shuffled me off to Scott. I indicated to him he that I had some questions about Optionetics. Rather than responding to my question he informed me that he wasn’t interested in helping me unless I give him the length and breadth of my history. Attitude and tone was enough to decide that CH wasn’t for me.
Very poor
Scammers have ruined the forex trading market and this company is one of them. They have deceived many people with their fake promises on high returns. I learnt my lesson the hard way. I only pity people who still consider investing with them. Please try and make your researches, you will definitely come across better and reliable forex trading agencies that would help you yield profit and not ripping off your money. Also, if your money has been ripped-off by these scammers, you can report to a regulated crypto investigative unit who make use of software to get money back (fightingscams at aol dot com). He is a recovery expert and a very professional one at that.