Gorilla Trades is our today's review. The company claims to be always a modern, proven stock venture. The platform state that they identify stocks that are highly profitable available in the market for their clients. They will tell you when to place and stop the trade.
Moreover, it generally does not matter what amount of experience you have as a trader. The firm has something in stock for everyone. The entity also claims they've established a method that will yield you high profits.
Who is the owner of Gorilla Trades?
According to various sources, including newspaper articles and recorded infomercials, the master of Gorilla Trades is just a person named Ken Berman. Taking a glance at Ken Berman, you will see that he is bulging with muscles. He actually seems like a Gorilla (in an excellent way). For a person in his 40's or 50's, it would appear that Ken takes excellent care of his body. This is good since it signifies great personal dedication and devotion to a hard regimen — also the mandatory qualities to successful investing.
Ken Berman in addition has made some extraordinary claims. Some are perhaps questionable:
- Claims to be the former President of Investments at both Smith Barney and Payne Webber.
- Claims to have managed $100 million dollars in client monies.
- Claims to have turned $250k into $5.5 million dollars in only 18 months.
Many of these claims ought to be relatively easy to verify. However, I was not able to verify.
Do Gorilla Trades Work?
For me, you only cannot form an opinion. The information and history are simply too confusing and incomplete.
For me personally, I wish to see clear buy and sell records with accompanied win/loss percentages. And above all, I wish to see the recorded drawdowns for the whole performance period. None of the exists. At the least I could not find it.
Another question that I cannot appear to answer — what is the history of ‘short trades '? Even a horse (or Gorilla) can make money in a bull market. But think about a bear market? The GorillaTrades website mentions short trades, but no official history may be found. We're likely to somehow dig these records out of a confusing and incomplete spreadsheet. Quite simply, you cannot digest the presented information.
Overall, I do not believe that Ken is trying to conceal or be disingenuous, but he could a much better job organizing and presenting the information in an easily digestible format.
Final Verdict
Gorilla Trades is just a company that seems to promote itself in the right manner. The reviews that are positive they have acquired could easily get you convinced that this is the better venture. However, you can find multiple red flags that individuals could actually gather.
The subscription of the platform is too expensive. Navigating the website isn't super easy, and they take a specific amount of money once you request a refund. It will avail of a cell phone number, and it only communicates to investors via email.
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