Had a cancel my subscription for a bit and work to reload my trading account after losing quite a bit of money with Mohan's signals. Here's my take on his signals.
- I don't believe that Mohan actually trades his signals. He does not provide a trade report nor does he trade on screen during his webcast. He merely calls signals.
- Most of his winning days were between 10-25 points but his losing days were well over 100 points for me.
- He claims that he will keep trading until he gets the points back on losing days, but I have found that this is not true. He will say he will trade all day until he gets the points back, but ultimately, he will claim that the market conditions are poor and that he can't get the points back for that day.
- It was nearly impossible for me to obtain the same points that Mohan records. I was 5-10 points behind on winning days and on losing days I lost 10-20 points more. He claims that if you don't get the same results, it's because you aren't a
"professional" futures trader. - He does not take responsibility for his results. If he loses, it's because of market "riggers" and he was just "following his signals". It's never his fault and he will not be held accountable for his losses.
- He is solely a countertrend trader. If the market is not pulling back a substantial amount following a move, he will lose until the market has a reversal.
- Mohan will continue to lose all day and not stop (he has no loss stop trading rules). This tells me he is most likely not playing with real money or very little.
- His webcast is very unprofessional at times. He will leave the webinar or turn his mic off and then not turn the mic back on when he returns.
- Mohan is quite a marketer and no doubt some people have made some money in his room but I have found his service to be unprofitable. I will resubscribe when I get some more cash build up and report back.
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