Any Day Traders here ever used InTheMoneyStocks?

Quickly ran a search on InTheMoneyStocks here on WSO and cannot believe that those clowns have the audacity to be posting their market opinion on here.

A couple of my buddies are trading solely on their opinions which is beyond me. Granted some of what they have said has been correct, I kind of see their service as a hand holding website for rookies with no brain.

Regardless, wanted to ask if anyone's used them or has friends who have, whats your opinion on them, etc


Comments (15)

Jul 22, 2012

When I day traded, I would look at analyst estimates and read some blogs, but I'd always form my own opinion and have conviction behind it. Someone would ask me "why did you buy into xyz stock" and I'd have some solid rationale -- whether it was correct or incorrect is besides the point -- the whole idea is that you can come up with reasonable expectations given the market turbulence and white noise made by people/ firms that push the stock lower or shoot it up. I've never used their service, but when people are more busy giving advice, they are less busy making money and putting money where their mouth is. My two cents.

Jul 23, 2012


You should always come with your own rationale to explain why you bought or sold something.

Nov 5, 2012

I was with them for over 2 years, and was one of the first services I used when I was trying to learn this trade. Not knowing a whole lot at that time, I was immediately suckered into the "hype" of a "no-hype" pro trading service.

Looking back now, they have taught me many valuable lessons. That is, what a truly successful trader is NOT. I'm now able to distinguish snake oil salesmen quicker than than you can say "In The Money Stocks Dot Com".

In short, they make themselves look like a very legitimate service that is trying to teach a highly proprietary methodology known only to a select few. The reality is, it's just a very basic trading system put together with bits and pieces of very common technical trading ideas like moving averages, gap fills, Fibonacci retracements, pivot points, classical chart patterns (H&S, double bottoms etc..) and candle stick analysis. Of course, to give it their special touch, they throw in a very secret and proprietary "time count" system which is nothing more than an actual count of the number of bars you see. Voodoo trading? That's what you'll get here. All this for a cool 600 bucks to learn.

All right, my actual results with that. I tried both the professional chat room (200 bucks/mth) and their Research Centre (50/mth). Chat room was absolutely a joke, as most here already said. Gareth will take no responsibility for trades UNTIL they play out. Nick will make only 2 trading calls a MONTH. I did very poorly with them in terms of scalping. e..g making 35 cents on scalping a hundred dollar stock like GS... (it's a joke).

The swing trading aspect, Research Center, is half decent. 60^% of the trades actually do work well... but if you dig a little bit deeper, you'll notice very big flaws in their swing trades. Very wide stops, that absolutely do not seem to agree with that they preach during their trading Webinars. Why huge stops? Of course, keeps you in a bad trade longer in hopes that it'll turn out a winner.

Mar 27, 2013

They are the best , they teach people of the world how to trade Stocks , of course they teach the basic principles of Technical Analysis which are common knowledge , but the way they bring in all the pieces together and guide investors so that they can apply that knowledge to make money in the stock market is superb , I have been a member of their service for two years and trading the US Stock Markets for last Ten years and lost all my life savings in the 8 years before I got to know about ITMS , I can say that if I had known about ITMS ( Nick & Gareth ) I would not have had those losses , they have taught me how to trade the Market in a safe and profitable way , as we all say God bless Nick & Gareth for what they are doing .

    • 1
Mar 27, 2013

It's a load of bullshit like any other service selling you tips. Don't touch it.

Learn More

Boost your resume and land a finance job by passing the FINRA SIE. 264 pages & 1981 smart flashcards written by a former 8X top Fidelity instructor. Try it for 0 bananas here.

Mar 27, 2013

Reminds me of VectorVest. Just stay away.

Also, holy asad147 - you work for "Nick and Gareth" or what?

Mar 27, 2013

what a joke these negative people are lol. This was thread mentioned on the ITM member forum about you guys saying another member worked for them, comical. if you actually knew ITMS you would be making money too and have respect for what they provide. only on the internet is this judgement allowed by people who know nothing they are speaking of. The ITMS track record speaks for itself; honestly check it out, learn, then speak. That would be far more useful to other people.

Mar 27, 2013

I signed up just to share my experience...

When I first started the service, I made good money on one of nicks cycle calls. I wrote a thank you for the advice, and was soon targeted to sign up on 3rd party websites to post my favorable opinion. In return, they discounted my subscription fee for a month. That was the first sign of something fishy. They then went through a period where they made horrible calls but they still acted like they were banging out profits which pissed me off. I started taking notes on the trades they made. They were nothing more than a .500 batting average.

Gareth is an outstanding salesman. Nothing more. He is an average trader at best. And I say "at best" because he has Nick there to keep him in check.

If someone would simply do the math on how many subscribers they have, its easy to see that their cash flow is from marketing their website, not from trading. The free videos market for the Research Center. The Research Center videos market for the ChatRoom, the ChatRoom markets for the overpriced WEBINARS. It's a great little scheme they have running. But they are better at this scheme than they are at trading the market.

And the comments above are all accurate. Some hit the nail right on the head...

"Gareth will take no responsibility for trades UNTIL they play out. Nick will make only 2 trading calls a MONTH."
"I kind of see their service as a hand holding website for rookies with no brain"

Mar 28, 2013

nicholas santiago worked at northwest airlines for many decades, and got his series 7 in 2002 - 2005. Gareth Soloway graduated from Binghampton in 2003 and worked at Metlife until 2007. And all of a sudden these guys are day trading experts giving advice to people? They say a sucker is born every minute and it looks like they got lots of them. IF anything I give them props for selling people nothing valuable.

Mar 28, 2013

also on Gareth Soloway's bio on the website it says: "Following his work in the financial sector, Gareth went on to trade alongside professional traders on the institutional side on the business." But based on his U4 its clear he worked for Great Eastern Securities, Inc which went out of business shortly after he left the firm. As well, unless they have a prop trading desk he was just a registered representative which means hes trading alongside REGISTERED REPRESENTATIVes...which if you think they are professional traders i LOL.

Jan 20, 2014

i know its an old post but i wanted to chime in here. i subscribed to both chat room and research center there. i was bounced out twice for disagreeing on "trader's life", their internal blog. of course the text box says "say what is on your mind", but they dont really mean that. the last i left it, i warned on oct 18 2013 that the market was going to exceed his magic trend line that he kept harping on, and it did. i mentioned that once above it, the market might find that level support, and it did. what i got was an earfull about how wrong i was, and that this could not be a break out. i never used those words, as i know it is a technical term for price breaking above a downward trendline. i also got an earfull about being an amateur, not understanding market cycles, etc. what i understood was the fed and QE. in short, gareth gets his panties in a wad about people who dont worship him and differ in their assessments. in response to this in his videos he can be VERY condescending, haughty, and insulting. i have no doubt he is not married, cannot sustain a relationship, and may be an only child.

i keep tracking their archive of trades at that time since i mentioned i thought a number of them were way off. they shorted BA at 131, FDX at about 133, went long SDS at 33, QID at 17, went short MA, PCLN, and DAL. last i looked all those trades were still open at 3 MONTHS and all still well in the red. there was a USO short they did in july that took 3 months to get back to breakeven. then there was gareths short of TSLA where he got run over by 20% plus. i seriously doubt anyone ever enters a trade there anticipating to wait 3 months for breakeven. gareth sets inordinately wide stops that conflict with their dogma about risk reward of $1 risk for $2 reward. he sets moving stops also, such as "confirmation above ...". FDX is one such trade. as long as price continues to stumble higher the stop is never reached. sound risky??

there is great truth to gareth not tracking his verbal trades and having selective memory. he will call out a potential opportunity, and if it works you will never hear the end of it. if not, you will never hear of it again. ask him about it, and you will get a mouth full of teflon and BS.

in short, there is a ton of hype on their no hype site, mostly from a used car snake oil salesman gareth. nick is a great, humble, honest, good trader but you might starve waiting for a trade. they are currently hyping a 300% profit on their research center for 2013. all the trades outlined above are not yet included. keep in mind that 300% is on 10% max of your portfolio, so its less than 30% in reality. investimonials had at one time several hundred reviews and apparently gareth asked to be removed from their site. i read most of those and it was mixed but generally negative. site jabber has several now and it is generally positive. i found members were fairly brainwashed and very defensive, not very open minded to criticism of the hosts. they have alot of experience, study alot of charts, and still its hit and miss. i guess that says alot about the market.

i would advise a beginner to try the research center and watch all the videos. maybe even take the webinars. learn all you can about support and resistance. all trading comes down to those two elements. its all probability, and there is no set rule, no person who knows all. good chart software is a must.

Apr 2, 2015

Never heard of them, But i use several daytrading firms for chatrooms and ideas for my own trading. has a nice chatroom and group of traders in there

    • 1
Apr 14, 2015

I actually found inthemoneystocks when watching videos on the money show website. I have tried their options service for a few months now and its been really good, they do only simple puts and calls which I like and their win rate is high. You can see the calls on their options page, same with the stocks stuff. Their stock performance is pretty much the same, they are great traders, not sure how anyone can debate that when all their trades are published live. Other services I like, the "gold and oil guy," I haven't used him in a while because I've been focusing on the options market (i love the high percentage gains and small investment of options with the inthemoney guys) but the gold/oil guy is great for just gold levels goldandoilguy dot com. I also took courses at pristine and trading academy, both were pretty much equivalent to most books out there. I would suggest the two services above to all trader types, if I find value i'm sure the more experienced will as well. Any other services people like I'd love to hear about them.

Apr 14, 2015

investors underground has some legit traders. also, I learned a lot from the training program at with Jerry. If you are a beginning trader I think it's important to get involved in some type of legitimate training program, it was worth the investment for me. IMO much more valuable than the majority of college courses I took which were the same price.

  • Anonymous Monkey
  •  Sep 26, 2015