Dave Wright's Plumpicker?

Have any other members received e mail information on 'Plumpicker' by a guy called Dave Wright? Have any members subscribed? Any views?

seancass said:

Have any other members received e mail information on 'Plumpicker' by a guy called Dave Wright? Have any members subscribed? Any views?

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I'm still trying to make it work. It doesn't appear to be completely mechanical as there is some discretion involved. The signals have produced 70-75% winners in my experience, but losess are 2x profits. I can't produce anywhere near what is claimed. Anyone else?

i purchased the system and it definitely does not work. a total waste of money.

Kckaz said:

I'm still trying to make it work. It doesn't appear to be completely mechanical as there is some discretion involved. The signals have produced 70-75% winners in my experience, but losess are 2x profits. I can't produce anywhere near what is claimed. Anyone else?

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Kckaz,

Have you given up on PlumPicker? I'd like to know more if you're willing to share info. Thanks.

stemmons_10

I'm afraid that I couldn't make the system work for me and requested a refud of the second installment. I perosnally found it a dangerous system to work and there was, in my opinion, an element of 'doubling up.' I eventually got my money back!

seancass said:

I'm afraid that I couldn't make the system work for me and requested a refud of the second installment. I perosnally found it a dangerous system to work and there was, in my opinion, an element of 'doubling up.' I eventually got my money back!

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Seancass, hate to bother you with questions on something that you've rejected, but what type of system is it? . . . how truly mechanical is it? . . . what was dangerous about it? the doubling-up?

I don't put faith in this system's marketed theoretical track record, but it seems to be a one-of-a-kind marketing approach . . . mechanical system looking for small wins with very little trading on a daily basis that makes big money by simple scaling. This is the type of system I've been trying to develop, so I'd love an opportunity to see what somebody else with my "style" has come up with. Feel free to shoot me an email directly. Thanks.

[email protected]

My views on Plumpicker

I wish someone would have shared views with me before I invested in this course. However, I would be glad if my comments help someone to make up his mind.

(1) There are many variations of the trading plan that a trader can follow. So, everyone's results would be different.
(2) The results which would attract anyone to buy this system doesn't look achievable. At least not with my testing.
(3) If you are ready to put in a lot of hard work to take the author's idea and turn it into a profitable trading method then go for it. If you are looking for a comprehensive system you will probably be disappointed.
(4) When I started reading the manual, it looked logical and seemed it would work. But when I tried back-testing, I found it was wither either making a loss or the average trade profit was too thin to trade in real life.
(5) I wish I could share the manual with you and see if you agreed to my views. However, I can't because that would be illegal.
(6) Lastly, if you intend to buy this system, please ask for a FULL refund guarantee where in you can ask for a 100% refund if you feel the system is not for you. Only buy the system if he agrees to such a guarantee in writing.
(7) If you are a good trader and ready to put your time in research, I am sure you will be able to turn the idea in a profitable method. But if you are one who is looking for a comprehensive system that you want to follow religiously, this may not be your cup of tea.
(8) Personally, as a small trader, it was a bad investment decision for me. I regret the few hundred dollars I spent and most importantly the time I spent to make it work.

These are my personal views. If you try this product, I hope you have a more positive experience. But please ask for the guarantee I mentioned above. I did not

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If any of you are members of elitetraders, would you be so kind to give a link of this thread there. There is a thread in Elitetrader called Plumpicker. I can't register for Elitetrader as I have a hotmail address.

Not Mechanical

I had a programmer try to backtest some of the parameters, and the results were much worse than expected. There are many parameters which Dave Wright will claim are necessary to make it work. I challenge that in saying that a truly mechanical system should be one that could be computerized in its entirety. This system requires human discretion. Great if you have good market intution. Bad if you don't and were hoping to buy a mechanical system.

Be aware of his new website waveriderpro

I think Plumpicker earned a lot of bad name in T2W and other websites... Today when I visted his website www.plumpicker.com it was redirecting me to a website called www.waveriderpro.com. Similar look and feel. Any potential buyer please be aware !Read this thread and any others if available before making a decision to buy.

I have purchased waiverider Pro. Junk and of no use.
Do not waist your money.

I tried the system,,, worked really hard at it. The developer was responsive, but treated me as a child saying that even his grand children could make it work and implied i just wasnt smart enough to make it profitable. I really tried hard, but,,, guess i was too stupid!

A former customer of Mr. Wright

I bought Plumpicker and only lost money with it. I did a couple of Instant Message sessions with Dave and he seemed to enjoy putting you down because you're not on the same level as he is. Of course I wasn't! That's why I bought his "system".

Stay away from this guy, while he pretends to be on your side, he is only there to pick your pocket. I have made back 10 times investing in stocks what I lost in the futures market. The futures market is only for the "insiders" to make money off the sheep that enter their fold.

Watch out for Mr. Wright, he is a marketeer and a promoter and he isn't out to help anybody, except to lighten their wallet/purse.