As a thirty year trading veteran I have seen a lot of changes in the day trading community. Recently I stumbled into an add on Craigslist that caught my curiosity, so I decided to follow up and see what it was all about. Upon calling the number that was listed in the add I was able to get in touch with a man who told me about a special group that they had organized in order to successfully trade E Mini S & P 500 futures. They called themselves the Asend Software Group, and they are based out of Las Vegas Nevada.
Having traded the E Mini numerous times in the past I am very familiar with trading commodity futures, however, I decided to act like a clueless investor looking for something to do in my spare time. This way I could figure out whether or not the Asend Software Group was actually offering anything of real value.
The man told me that it would cost $15,000 to join the group and have access to their “exclusive software” which according to them could show exactly which way the market is trending. In my years of trading I have seen just about every kind of trading software that exists. I’ve seen prices as low as a couple thousand dollars all the way up to $30,000. In most cases you typically get what you pay for, So just FYI… if you’re only willing to spend $2,000 thousand dollars on trading software… don’t complain when it doesn’t perform very well.
After a short discussion with the man I asked him to give me a breakdown of all the fees that I would have to pay. The Ascend Software Group told me that I would have to pay a one time fee of $15,000 for the “group membership” and then I would have to pay and additional $1,000 monthly service fee to have continual access to the software.
Based on what I have seen in the past that seemed like a fair price IF I was assuming that their program could do everything that they said it could do.
Back when I traded S & P 500 futures I did have small amounts of success, but for the most part, the S & P 500 E minis weren’t exactly my bread and butter, so I didn’t really take it that seriously.
After speaking with the Asend Software Group they told me that their group success rate was roughly around 80% which means that the group as a whole would win 8 out of 10 trades. Now if you are not familiar with day trading, 80% is a number that only the most experienced traders can achieve. At this point they had really captured my curiosity, but the man told me he was running short on time and would send me some information via email.
The following day I was contacted again by a man named Jimmy Vance. He told me that I could sit in a live webinar to see the software in action for myself in a live trading session. I agreed to sit in the live session fully expecting to be unimpressed by what I was about to see. To my surprise, the software was deadly accurate. and the system they had in place seemed to be spot on.
The unique thing about the Asend Software group is that they actually walk you through each and every trade that you make to be sure that you are making the exact right trades at the exact right time. They have what they call “software moderators” who sit in on every single trading session and help you make the right decisions by looking for specific patterns on the software. The entire group logs in at the exact same time and makes the exact same trades by following along with the software moderators.
I turned out to be very impressed with the software itself, but more importantly, I was impressed by the systems and “rules” that they have in place to make sure that you only buy into a winning trade.
Looking back over the years I realize that I have had to learn some VERY expensive lessons being that I learned to trade with the traditional method of trial and error. In my opinion the amount of money that you will save and earn with the Asend Software Group will far outweigh the price that they are asking.
For those of you trying to figure out whether or not you want to get involved with the Ascend Software Group, here is my opinion. The first question you should ask yourself is whether or not day trading is for you. There is always a certain amount of risk involved with day trading no matter who or what is helping you. If you are an extremely conservative person who can’t stand the thought of putting your money at stake, then I would suggest that you find a different way to make a living. However, for those of you that want to make a lucrative living by day trading, I believe that the Asend Software Group provides an extremely valuable service.
Personally I do pretty well day trading on my own, however, If I would have started out with a group that was anything like the Asend Software Group, I believe that I would be in a far better financial position in my day trading career.
If you have any questions, feel free to write me a comment below.