Jason Bond Picks Review
- Quality of Alerts
- Quality of Education
- Quality of Support
Jason Bond Picks is a stock trading alerts service with packages ranging from $399 to $9,999. The service caters to a few different styles of traders by providing swing trade alerts and intraday momentum alerts in the chat room. Read the full review for further details.
About Jason Bond Picks
Focusing mostly on small-caps and penny stocks, JasonBondPicks.com is a subscription-based trade alerts service that also markets training programs. The chatroom offers 10-20 intra-day trade alerts with a daily profit goal of $500 and up to ten weekly swing trade alerts with an annual profit target of $100,000. The long-term trading newsletter offers a weekly combination of up to two swing trades and up to three long-term trades delivered via e-mail and text messenger. The Millionaire Roadmap service combines all the services in an annual package in addition to special access to the VIP chatroom, special direct access to Jason Bond’s and Luke Murray’s live brokerage platforms, mentorship/training webinars and access to TopStockPicks ETF services suited for the “serious traders”. This package costs a whopping $9,999 annually.
The site is filled with positive video and written testimonials, endorsements and success stories almost to a point of overload. It’s very hard not to be convinced of the validity of this service after listening to a few of them, especially some of the celebrity endorsements including Jose Conseco and former UFC champion Frank Mir. The $15,000 to $2 million video testimonial right on the homepage is pretty compelling. However, I know penny stocks are the most manipulated “pump and dump” riddled scams in the markets, so I had my “guards up” trying the day trading/swing trading service for the $399 quarterly rate. They offer no trial period or refunds and bill on a recurring basis for whichever membership plan is taken.
Jason Bond and Raging Bull
Jason Bond Picks is operated under the Raging Bull umbrella of brands. Raging Bull is a marketing powerhouse in the world of online trading education and stock picks. The company, co-founded by Jason Bond and Jeff Bishop, features multiple trainers for a variety of different trading styles. Jason Bond heads the swing trading division while Jeff Bishop runs the options trading division.
While Raging Bull is now primarily focused on trading education and stock alerts, the company used to own a lot of penny stock promotion newsletters. Some traders will be familiar with Beacon Equity, an infamous penny stock promoter. While this wing of the company is no longer active, investors should still be aware of the company’s roots.
All of Raging Bull’s services receive mixed reviews. It’s clear that Raging Bull’s success is founded on the company’s impressive ability to market at a massive scale. That said, good marketing and quality services are not mutually exclusive, so let’s take a closer look at Jason Bond’s service as we continue our review.
Jason Bond’s Trading Strategy
Jason Bond’s strategy is built around swing trading lower priced stocks. Jason Bond researches and releases a few stock picks each week.
Jason Bond Chat Room
The chat room used to be a large part of Jason Bond’s service, but it seems the company has started to make a move in a different direction. During our initial 2017 review, this is what we had to say about the chat room:
The main moderators in the chatroom are Jason Bond, a down to earth former New York State teacher turned trader. He tends to ramble quite a bit but does give some pretty good insights when he talks about the watchlist stocks. Luke Murray announces scalp trades on penny stocks throughout the day. Bart Van Hol announces his intraday and swing trade alerts mostly in the mornings. The chatroom gives each moderator a different color so their alerts and comments are differentiated from the members.
We continued by explaining how each of these moderators specialized in a different trading style:
The services cover three styles of trading including intraday trading for quick scalps, swing trades and long-term positions that may be held for months. Jason Bond handles the swing trades and will also place some intraday trades. His trades focus on small to nano-cap stocks under $10 and two-billion market cap. Luke Murray is mostly scalping momentum penny stocks with occasional options trades. He doesn’t explain his positions or set-ups much, which makes it tough to follow. He tends to jump from stock to stock quickly throughout the day and packs in a lot of alerts.
The chat room also featured other key insights from swing traders such as Bart Van and Jason Bond himself.
Moderator Bart Van makes day trades on more liquid mid and large-cap stocks as well as take overnight positions. The swing trades are usually long positions with very few if any shorts, especially since small-caps can be tough to locate short shares. Jason will use a combination of technical analysis and news related catalysts to justify the swing positions. Since penny stocks tend to have limited fundamentals, themes and sentiment that trigger volume and momentum takes priority on the fundamental analysis front. For the most part, they seem like basic candlestick patterns like triangles, flags and pennants with trend lines and moving averages to identify support and resistance levels. Hans seems like a solid trader making big scores on his trades, but they can be tough to follow, as he doesn’t provide much by way of explaining his positions.
Jason tends to hang out mostly in the Millionaire Roadmap (MP) program chatroom, while Luke and Bart manage the regular membership room. Jason reviews the watchlist in the morning and will stick around sometimes in the main chatroom before heading over to the MR chatroom. It does feel like the MR room is where all the “cool kids” hang out.
The chatroom regularly has over 500 attendees throughout the day. Most of them never say a word. There are a lot of newbies asking a ton of questions along with the typical “cheerleaders” that cheer on their positions. Luke’s alerts are very tough to follow since he gets in and out with no warning on penny stocks. Sometimes, there is enough liquidity to catch an entry around the same price as Luke but once an alert is made, the stock usually gets too far away for a decent entry, in my opinion. I make it a rule not to chase more than .10 on any alert. The massive number of members in the room chasing the alerts has a self-fulfilling prophecy of moving the stocks (initially) in the intended directions. The followup and sustained movement is the really important factor. I have made some profits but also got burned on stocks that collapsed as soon as Luke announces his exit. However, Luke’s options alerts are pretty spot-on and I’ve been profitable on most of them. I had more success with Bart’s alerts as he tends to hold his positions a little longer and they are in more liquid stocks. Unfortunately, Bart rarely explains the rationale for the entries and exits or provides much color on his methodology. It’s also not clear what is in his portfolio at any given time. The streaming stock scanner has been proved useful for finding stocks that are gaining momentum or “in play”. I find one or two decent trading ideas from it on a daily basis. It feels like most of the members will just jump headfirst into any alerts that are called, at least the most vocal ones. I see people posting profits constantly in the chatroom.
Overall, the chatroom has a lot of golden nuggets for traders who are prudent, disciplined and can react on their own. The site likes to spotlight the big winners and testimonials from members who made big scores on the picks. However, penny stocks can falls very quickly as liquidity can evaporate once the momentum dies down. There are so many alerts throughout the day that it’s probably not possible to keep a comprehensive daily track record of all of them.
Upon revisiting this part of the review, it seems that the chat room is no longer a large part of the service. Luke Murray has left Jason Bond Picks to run his own service and Bart no longer seems to be an active contributor.
It appears as if the company is more focused on trading education and stock picks. Let’s take a closer look.
Trading Courses & Education
Basic membership provides access to a ton of educational videos and webinars on the site. Additional courses can be purchased individually or in bundles. The Millionaire Roadmap program gives access to all courses, videos and lives webinars.
The educational resources explain Jason Bond’s trading methodology. Jason offers a handful of video lessons as well as mini-courses focused on topics like “The Basics of Swing Trading” and “Penny Stocks 101.” These educational resources are all included with a Jason Bond Picks annual subscription.
The quality of the education ranges by video. A lot of the video lessons provide great lessons in technical analysis and trading strategy. Some of the mini-courses are a bit watered down and seem as if they are designed specifically for beginners.
Jason Bond Stock Picks
The stock picks are now considered to be one of the key offerings of Jason Bond’s service. Jason Bond claims to offer well-researched stock picks that he sends to subscribers every week. Subscribers can follow these stock picks in a few ways.
- Daily Watch Lists – Jason sends out a watch list of his favorite stocks every day.
- Email Alerts – Jason Bond sends email alerts whenever he enters a new position.
- SMS Alerts – Jason Bond sends an SMS alert alongside email updates. These messages are sent for both buy and sell orders.
The alerts themselves are okay. Like most traders, Jason Bond has both winning and losing trades. That said, the steep price of the service may make it difficult for traders to recoup the subscription costs from the stock picks. Whereas companies like Motley Fool charge $99/year for stock alerts, Jason Bond charges $1,497 for access to the Jason Bond Picks service. This means traders need to make at least $1,497 in additional returns in order to recoup the cost of the subscription. For a trader with a $10,000 account, this represents an additional 15% in returns. For investors with under $5,000, it becomes even more difficult to cover the costs of the service.
While it’s certainly possible to achieve the returns necessary to cover the cost of the service, it’s no easy feat. Prospective customers should keep this in mind before purchasing a subscription.
What Type of Trader is the Service Best For?
Over the years, Jason Bond Picks has shifted focus from active day trading to swing trading. While the service was always rooted in swing trading methodologies, it used to provide more resources for active day traders. Now, the service is primarily focused on education and stock alerts.
With this in mind, Jason Bond Picks is best for new traders who will get value from the education and the stock alerts. The education itself is rather elementary. You can find similar lessons online for free or for a lower price. Similarly, the stock alerts are decent, but may be hard to replicate. Traders need to be able to act quickly on the buy and sell alerts.
Due to the service’s price tag, Jason Bond Picks is best for investors who have more than $10,000 in their trading accounts (ideally $25,000+). Traders with smaller accounts are likely to have a difficult time recouping the subscription fees through the stock alerts.
Is the Service a Good Value?
Jason Bond’s core service, Jason Bond Picks, is available for $1,497 a year. This subscription fee will renew yearly if it is not canceled.
The millionaire roadmap program costs $9,999 and offers access to more of the resources provided by Raging Bull.
Both subscriptions are very expensive when compares to alternatives. If you are new to trading and have limited capital, you will likely find more value from lower priced programs.
- Tons of trade ideas throughout the day
- Effective day trade stock scanner stream in chatroom
- Large video library of trading lessons
- Stable chatroom software connection
- Large chatroom is well organized with strict moderation
- The winning alerts can generate large percentage gains quickly
- Lots of ideas throughout the day in the chatroom and newsletter
- Pricing for all-inclusive Millionaire Roadmap program too expensive
- Constantly up-selling of MR program
- Risky penny stocks can leave you holding the bag when momentum vanishes
- Lack of itemized daily trades showing both winners and losers
- No trial period to test out the service
- Lots of noise in the chatroom at times