Felix Prehn from the goat Academy is probably the most dangerous predator I've ever reviewed in my opinion he's a manipulative narcissistic sociopath he's also a compulsive liar who is likely never worked in Investment Banking it seems like he'll do anything to gain your trust including using animals and also offering a 90-day moneyback guarantee that he aggressively markets yet I never actually seen him Grant a refund perhaps more importantly his trading structure is complete garbage it's horrible and it's not profitable plus his garbage trading strategy is available for free elsewhere in addition to using animals and a fraudulent return policy he further manipulates his audience with his personality and by using irrelevant numbers like average cash used in annualized Roi to misrepresent the profit potential he also has diarrhea of the mouth and talks a lot without really saying anything of value virtually everything that comes out of Felix Prehn's mouth is bullshit while he has entertaining videos they provide virtually zero value due to his fraudulent return policy members must contact their credit card company to initiate a chargeback since he will not not honor your refund request you can tell your credit card company that you're a fraud victim you can send Felix one or two emails requesting a refund then once he refuses to honor it you can present this to your credit card company as proof that you've already requested a refund yet it's not being honored I also highly recommend that you contact your local government to report fraud and your local law enforcement agency in the United States you can contact the FTC in order to report fraud Felix prehn also doesn't show his trading statements and it's possible that he doesn't even trade at all instead relying solely on hypothetical trades he also doesn't understand basic options trading Concepts he has made numerous mistakes on even the most basic options trading Concepts that even beginner Traders would understand in my opinion Felix pren and the gotic is a 100% fraud and a scam operation it's not going to teach you anything of value watch this entire video because there is tons of information and evidence as to why Felix pren and the Goat Academy is a scam and a fraud then I became an investment banker sometimes in life something good happens to you I was visiting onong for two weeks I met a friend of a friend who was an investment banker and I said I'm actually look for a job I'd love to stick around here for a while it's an amazing City he said A friend of mine a c of mine is hiring um you got a CD s it I did next day I was being interviewed by a bunch of investment bankers grilled and bizarrely they hard and I had to run out and buy myself two cheap suits cuz I only had shorts and t-shirts and the next Monday I started working on the trading floor of a majoron yeah the probably of that happening is 0% additionally investment bankers don't even work on trading floors I worked as an investment banker for about 5 years and I never saw the trading for once so for him to say that he got an investment banking job from a friend and then he started work shortly thereafter is a complete lie it doesn't happen that quickly also nobody who's legitimate who's worked as an investment banker would ever mix up working as a Trader it just doesn't happen as an investment banker you're putting together Financial models you're essentially matching people who have money and are looking to invest with companies who can take that money and then grow it at an acceptable rate to the investor and anyone who's ever worked in an investment bank would never mix up being an Institutional Trader with being an investment banker so for him to claim that he worked as an investment banker and then started working on a trading firm when I've worked at three investment Banks and have never been on the trading Flor is a complete lie and all these guys and and what I learned is that making 100% a year on their personal money that was there like normal I was like that isn't possible I was yeah you're right it's not possible because you're lying again so let me get this straight around 90 to 95% of hedge funds can't even beat the S&P 500 but your quote unquote Banker friends at your fake Investment Bank are making 100% a year and that's normal if that's actually true that would easily make them the richest people in the world within about 15 to 20 years so that's another lie from Felix everything that comes out of this Clown's mouth is complete BS work hard work all your life save for a pension invest your money is as in handed over to the bank and if you're really lucky you make 8% and these guys are making 100% so I thought okay this can't be right and then I got to know right because you're lying it's not right you're just making it up we're doing and I was the bond Trader next to me I was a hedge fund strategist my boss was very kind and taught me a huge amount and there were the brokers in front of me you all on the phone with the big screens and all that noise of what's happening in there and I was just as sponge I absorbed it I wanted to learn as much as I possibly could because I thought well this 0.1% know how to do it incredibly unfair but I'd rather be the 0.1% than the 99% and maybe I for knew we could do something about bridging this unfairness and knowledge this imbalance I didn't know how but that was my board I also embrace the banker look here I am look at those white collar and the raran shades I mean what a twit right but yeah that was me in um in in Hong Kong and then I quit create rules that doesn't leave any room for emotions because bang billions of dollars and just hire people and say go and do your best no they give you rules so that you don't lose all their money right that's the way big Banks otherwi they would be able to employ tens of thousands of people no actually the way that big Banks make money is they act as market makers where they're making a few basis points from the bidas spread differential and matching buyers and sellers that's institutional trading there's not prop trading going on instead it's riskless profits by making just a few basis points on large volumes of transactions so don't let him mislead you here because he's lying again so I needed that rule book you know I needed a system I needed a real protocol that I could actually every day and I'm honestly not a guy who can handle big lost I just can't handle the emotions not for me I don't even like big wins and you might think be the heck doesn't like big wins I wanted consistency I wanted reliability I wanted to pay rent I didn't want to buy a yacht so that predictable income was my my goal and in that first nine months lying horizontally with my cat to Luna well I made money at yeah well notice how he's using animal here in order to gain your trust the reality is that his trading system is horrible and every single trade that you make is going to have a negative expected value and that's something that we're going to discuss later on in this video you'll see it the math works out where one this whole rules based thing that he's talking about is a complete lie the more questions that you ask him suddenly the more rules that he has and additionally the trading strategy that he encourages you to trade is expected to lose you money for every single trade that you make I mean and else money but I had a huge advantage that you don't have I could call a Trader a broker invest in Bank who's been doing this for decades and go just did this lost money what did I do wrong how could yeah again that's another lie investment bankers do not work directly with the stock market and the Traders at these banks are institutional Traders nothing that an Institutional Trader learns or nothing about the way that institutional Traders actually make money for the firm is is applicable to retail Traders prevent this how can I improve my my protocol and it helped me so in that period I created my trading and the results are honestly phenomenal because I figured out how to make consistent profit that's another lie his trading system loses money that's why he doesn't show his trades he doesn't show his trading statements and on the bottom of his emails it explicitly says that he's making hypothetical trades and I just have to follow my rules that's really all there is to it so yeah right but you keep adding more and more rules to this quote unquote simple strategy for every question that you're asked how did I get well written rules they work and they work week after week and simple doesn't it well once you know how it works it's pretty simple and that's how it got to consistent profits so isn't one there 500 so it just makes our life a lot easier it's also the most liquid stock in the world and it just saves us a ton of time not reading all the earnings reports and not being an expert on every stock now so that's interesting he says that he trades spy in SPX but in all of his examples he doesn't actually trade spy or SPX a mature F uh which Winston's looking at very attentively there again he's using animals as a way to gain your trust it's 2 to 5% in size of your portfolio we always use the same size we don't make it up as we go along why it reduces risk Keeps Us calm as our losses and our wins will be small remember me talking about wanting consistency so no more scary losses no more frustration now what does it mean in reality well say your portfolio is $20,000 and you use 5% per trade then each trade will be $11,000 in size now what's your risk you wonder well we set a stop loss at 10% a hard stop loss automatic successful Traders love taking small losses and they avoid the big loss taking losses is however very very hard to do that is true though so even though this guy is a compulsive liar it is very important for successful traders to be risk-seeking and to avoid the loss aversion that seems to plague a lot of people when they trade and when they invest so you have none no more off this oh let me just wait for it to recover give it another five minutes see what happens and that's what most people do and then they are not down 10% but suddenly they're down 80% and their capital is gone we don't do that no more emotional decisions when you're in a trade so for example if your trade is that $1,000 in size the maximum you can lose is $100 no more how profits this is the fun we have a tiered profit taking stretch we sell half of the trade and 10 % we sell a quarter of the trade 15% and we sell another quarter the last quarter of the trade at 20 to 25% for example if you trade $1,000 we take 10% first half the trade so we made 50 bucks the next quarter we take 15% so we made 3750 then the last quarters fun B we let it ride and we take profit yeah yeah so this is also a complete lie when you sell options the maximum amount of money that you're going to make is going to be the premium you collected so if you have a maximum loss of $1,000 that means the width or the difference between the option that you sell and the option that you buy is going to be $10 wide because one contract equals 100 shares so your maximum loss is going to be let's say $1,000 but the credit that you receive if you're going to sell options and you're going to choose high probability trading with a high win rate then you might only collect about $100 of premium for making that trade so you're going to risk $1,000 Max loss but your maximum gain even if you keep all of the premium is only going to be $100 so in this situation he's lying to you again if you're going to close out at 10% then you're only going to make $10 you're not going to make $50 because you're going to make 10% of your maximum profit which is going to be the credit that you received it's not going to be 10% of your maximum loss so this is another lie where Felix is intentionally misleading you or he just simply doesn't understand options trading at all so basically mathematically this system does not work your maximum loss is going to be $1,000 you're going to have a 10% stop loss that means that you're going to lose $100 let's say you lose lose that 30% of the time that means that the expected loss on this trade structure is going to be $30 now if you collect $100 of Premium that's going to be your maximum profit and then you close out the profit early then you're only going to collect around $15 to $20 of that $100 Max and that's going to occur 70% of the time because you'll have around a 70% win rate so in that situation your expected gain is going to be around $14 whereas your expected loss is going to be around $30 his trade structure is horrible and it doesn't work unless you actually want to lose money they have 25% so we make 6250 so overall the potential profit on the trade is $150 or 15% $1,000 size pretty good so in summary this three-step trading plan is this trade one rather trade only one stock the SPX the S&P 500 right that's what he says but he never does that in all the examples that he shows he doesn't show spy or SPX step two fix a trade size to to 5% step three we automate automate The Profit taking and we have a hard stop loss we rinse and repeat right you're going to rinse and repeat the losses because every time you make this trade trade your expectation should be that you're going to lose money using this trading as not just un wonders for me but it could do the same for you and the little bonus thrown in here each trade we do has a 75% probability of making money Sky doesn't understand anything about options if you're going to have a 75% probability of profit and your maximum loss is going to be $1,000 and you're trading SPY then you're probably only going to end up collecting around $70 of premium and if you're going to close everything at a 15% profit take then you're looking at a maximum profit of only around $10 every single time you make the trade and an expected loss of around $30 so this trade structure isn't even close to being profitable that means you don't need to be right on Direction and yes in our program we spend a lot of time imparting our knowledge and experience on how you can be more right on Direction more frequently yet at the same time I'd still rather absorb the wisdom and experience from people youve managed I'd love to learn what Investment Bank he claims to have worked at he probably made it up entirely billions of dollars for investment Banks and hedge funds then try to figure yeah that's probably another lie out in my gag Garage on my own me show you this so in 2022 and i r the small portfolio for our community life and why small because I want to encourage people to trade responsibly and in 2020 2 we made 126% on return return on Capital employed and in 2023 so far it's the 90 my got feeling is that he's completely lying the probability of that occurring on this structure which has a negative expected value is close to 0% and additionally this whole thing on Capital employed is a way to deceive you the only thing that matters is that your net liquidation value on your account increases so this whole Capital employ thing is used to manipulate you it's over 90% imagine a few more years of this and how much that would have made changed my overall balance right so time is the most expensive now our mission is very simple I want to make a million people financially free and in my book that means being able to live of your Investments and your trading but every time I go to work now in the mornings so my shift I have this big it's because I know I don't have to be here but you know what again this is him trying to use visualization to manipulate you when in reality this clown doesn't understand anything about trading well we need to break the Monopoly on knowledge as mentioned Banks make money as market makers and it's not applicable to retail trading honest picture of where you at your struggles are what your goals are you will probably have some questions full opportunity to grill us on everything you want I guarantee our program as follows weable 90 day money back guarantee all I ask is that you complete the program and you know what if it wasn't for you I'm even going to pay you $50 just for wasting your time to give you a little bit of Roi so this is what he does I believe that he chose 90 days because that's the timetable where people cannot dispute a charge and submit a charge back to their credit card company after 90 days the customer can no longer submit a charge back to their credit card company so what he does and there's evidence of this later on in the video he will tell you that he'll refund you after 90 days and just stick with the program and go through it and then after 90 days he'll tell you that the refund policy has changed and then he's not going to give you your money back so again this is another way of manipulating the situation and trying to gain your trust when in reality his behavior is very predatory because he doesn't actually honor the money back guarantee I return on your time and invest or is brand new to us and her first three trades today and she made1 yeah that's actually very interesting because if she claims to have made her first three trades then the p&l for the day should be equal to the p&l for the year to date which it's not in this situation and then regarding what he shows as his actual trades he's showing just the spreadsheet and then look at this average cash used and the ROI and the annualized ROI this doesn't make any sense at all the thing that people care about is their net liquidation value or their total account size is the same thing and his trading strategy is expected to lose money so he's showing this average cash used which means absolutely nothing in the percent ROI and the annualized ROI in order to manipulate you into thinking that this is an amazing trading strategy that's going to produce outsize returns and that's going to make you consistent income when in reality the probability that you're going to lose money by trading this system is close to 100% I mean a little bit about myself I so my name is uh Aaron so I'm just one of the en Roman Specialists here with Felix for the past while and yeah I guess Felix is obviously you know so more popular across social media we do have we have a lot of people who are looking to ENT the program and I guess it's really just my role to make sure that we're bringing the right people so I mean look if I feel like it makes for St together Brian I'll really break down what that looks like later in the call have you taken the course are you very familiar with like options trading yeah a little bit no I'm not like a I'm not like a coach I'm not a mentor inside the program I don't want to compare myself to those guys they're they're a lot better options compared to myself so I guess obviously I deal a lot more with in terms of enrollment side of things U but yeah I I'd be able to kind of understand what you're saying right have you like placed options trades before or or you you have yeah not too much like it's not it's not like my main focus right right now okay um like a lot of my time and energy does go towards helping Felix out I got a couple goals within that I know you mentioned the income stream right but I think that's like the main thing we help people do like I think the main thing we help a lot of people do is is Achieve the income stream like AC kind of is I think the backbone reason why most people join I think we're all there to make money but maybe you've got goals that are rooted in other areas right because like I'll speak to people and yeah they want to make an extra stream of income but the real goal is they want to be able to work from anywhere in the world like to them that's what really matters or maybe they want to they've got two part-time jobs and they want to quit want to spend a bit more time with their found spend a bit more time with the kids or they want to travel a little bit more whatever that may be but like just say in terms of those more like personal goals for yourself Brian like what would you say they they look like for yourself you know I'm not sure like first and foremost I want to make sure that I don't really like lose money or if I do lose then it's like a little amount because when you lose it's harder to to earn that back I'm glad to hear that it's something that you've thought through like it sounds like you know why you're starting you know what your goals are like you said education I want to learn I want to develop a skill set and I think we we love when we have students who are coming through kind of essentially just with that mindset because I'm sure you probably see it on social media nowadays Brian there tends to maybe be this I don't know kind of whole ideology of get rich quick and millionaires overnight and whatever like we try and steer away from that the best we can so we love when we have guys coming through like yourself where you you know why you're starting you know what your goals are and you know what it is that you want to achieve in the whole thing so I think that's cool and then what's the minimum for this program to to work out like what do you recommend for the minimum yeah i' say what we'd recommend as like minimum with getting started with is I mean I know you mentioned you got like couple 100 Grand to to play with which is which is great but obviously yeah we can recommend like a minimum 5K coming through I know feel like sometimes gu says 10 even with uh with jumping in we students who will start out with say 5K in a portfolio but yeah we'd probably recommend maybe run that like 5K Mark just to as a minimum to start out with and then do we have like a Target monthly percentage gain that we strive for like what's realistic yeah that's a good question um so it is so like it's quite different from person to person that you know in terms of like returns and obviously like we can't guarantee returns kind of against the SEC but like if you look at say Felix obviously Felix has had a lot of time to develop the skill set he's been on that learning curve for quite a long time so it won't be quite the same as Felix but like say if you look at Felix say over the past two years he's got like this public portfolio whoos for the community I think in 2022 he got like around 105 110% and then 2023 is quite similar so that's kind of looking at like trying to strive towards like 10 12% a month um but obviously I know like that takes a lot of takes a lot of effort to kind of get to that point I'm sorry to interrupt he's he's made like 10% a month on his on his total account size yeah yeah so on Capital employed is what that is um so the capital employed but within his public portfolio like a lot of what the students are striving towards inside is kind of around that like 8% a month Mark really is kind of what most people are striving towards in there um I achievable a lot of students who are doing that you know what that works out to on like the total account size though because the return on capital is like it's a little bit different than the the total account size yeah well 100% um well it differs from person to person right like that's the thing with returns is you can't really give a generic like average return because there's so many different uh variables to take into consideration there's so many different types of people who are investing so many different different types of amounts of money um with different amounts of time making different number of Trades so it's kind of tough to like give you one concrete answer of like oh yeah you're going to make this much um but that's just like a rough idea to answer your question to kind of give you an idea of maybe what to expect or what's going to strive towards coming in okay um so it's kind of different person to person if that makes sense you know from the sounds of things Brian I definitely think that would able to help you out inside so I'd be happy to kind of dive into a bit more detail just about what we do what it looks like to work with us in these different types of things you think that sounds like a conversation with having group coaching program solely group focused one-on-one mentoring program mainly oneon-one focused but also with your group running in there too now obviously with the different types of programs comes different tuitions but they all range in and around uh the $3,000 Mark to the $6,000 with the group coaching being on the lower end of that and then the the oneone mentoring being on the higher end of that so I thought I'd just shout those out off the B Brian just get your thoughts because I know I know some people come in like specifically looking for uh group coaching other people come in specifically looking for one-on ones and others don't really mind so it's just about figuring out what works best for you but what are your thoughts off the off the B range you have much of a preference over one or the other well I think I would be more open to the one-on-one because I do have the ability to have a larger account so if I can learn faster and reduce the amount of mistakes that I make then I could easily make up and compensate for that $3,000 difference in like you know in a few trads so yeah you know time is valuable so I'm not necessarily against you know the oneon-one for sure man yeah do we trade on margin because I I'm not sure if I have margin enabled do we use margin or is it only cash yeah we don't use margin okay no margin okay oh do you know if we're primarily buying or selling options we will be uh primarily selling selling options and I assume that because we're not using any margin that we're trading spreads as opposed to right toward correct and then yeah mainly spread based yeah we kind of mainly primarily trading the Spy focusing on on on this two or three main strategies are all mainly spreads basically like selling spreads on spy um you mentioned like having a high win rate do you do you know like what's the win rate that we usually Target so we're we're targeting kind of like 70% 80% probability trades yeah we just want to take the emotions out of it the best we can and when you really start to focus on a little bit more rule-based trading it just really really helps balance that risk versus reward right and the rule the rule based trading I assume that we're manually entering everything right we're not using like a trading bot or anything like that when you say no you mean like we are grading sorry yeah that we also have 247 tech support inside there as well Brian you probably know yourself sometimes brokerages and trading tools can be a bit of a pain so if you need help just let us know um then we also have a 100% guarantee in there too but I mean here at the goat Academy we've had coaching and mentoring programs now over the past couple of years so we've taught thousands of students throughout that time frame U but yeah we got a guarantee we see after the 12 months of using the trading protocol and B risk management system if you feel as if you didn't get the value that you were expecting from the program you're able to get 100% over course fees you get any questions any questions at all about anything that we've went through there like a few questions does he show his like live trades or like his trading statements or anything like that yeah so he so like I said he has the public portfolio that he does for the community where you can see all of his trades in and then he also does live trading so like I said one of the kind of the group coaching calls that we might have one of the types is live trading sessions and both Felix does that and the other coaches inside as well so um the other coaches do them a little bit more than Felix Felix might do them maybe twice a month you know one of the weeks the other coaches do them basically every single week so okay and the public portfolio is that it where is that available it's a public portfolio for the community okay I guess it's like when you're in there you'll have access the whole then and is that like uh from the broker or is like what how does that how does that look so that's basically just like yeah it's it's you see the trades that he's making on his brokerage um and you just get to see kind of the growth of that kind of specific portfolio it's not like his personal one it's just one that he does like for the community um to kind of it's it's a little bit you know he has a set amount in it and he shows like how much you can grow with that so that's like a public portfolio you see each to the trades that he does um I think it's like a spreadsheet and you can you you kind of see every time he makes a trade kind of the update on it and really my only concerned I'm just not certain if I'm going to get the returns that I would like but when you sell premium the max profit is going to be like the amount that you receive so I would think if selling spreads on spy at like a at like a 75% win rate or something then the amount of credit that we would receive would be you know probably pretty small right like maybe 5% of of the width of the strikes so okay so yeah in terms of like so yeah I I'm probably not the best person to kind of answer maybe that kind of specifically right but what I would say is like Brian if you're coming through and maybe having worri with the returns um I mean I know you mentioned like if you could make an extra 5% a year that is 100% achievement I mean that's 100% achievement we've got multiple students who have done that in the past we've got tons of experienced students who come through and beginners that that's 100% achap um what I would say is like the strategy we're using inside the coaches the mentors they all have genuine institutional experience a lot of them have quite similar backgrounds that feel like does within Investment Banking some of them with even more they've all got Decades of experience they're managing millions of point folios they're all actively trading day in and day out right now coach he worked as an investment banker yes oh yeah I think I think he said that right oh yeah oh yeah and most of the coaches inside as well they've they've ran uh one of our coaches Patrick's runs a family fund he he does this specific strategy within that we've had market makers we have Floor Traders inside we have people who worked for head funds these are all guys with genuine genuine institutional experience right I think that's kind of the like once again that's one of the bigger value ads that we've got inside the program like with the mentoring program you get a chance to speak with these guys one onone every week if if you like right so the strategy inside what I would say is if it's if you're coming in and maybe there's a little bit of doubt in terms of returns I mean you kind of laid out a couple of little goals at the start which I thought were quite achievable goals you know quite conservative as well I think you could even you could even strive for more than that and while I may not be able to specifically kind of dive into the specifics of options and kind of answer those kind of fine finer detailed questions I know for a fact because I've seen hundreds and hundreds of students come through the program and do the exact same thing that you know getting to those five six 8% months are achievable it just kind of you know we have the system inside to where it is achievable and now you just got to kind of focus on less like okay is is does the strategy work and am I willing to put in the inputs the time the energy the work in order to get the output so I think students you kind of come in with that mindset first and foremost like you said at the start kind of less worrying about like how much are we going to make what are the type of returns and letting that hold you back from jumping in I'm more so being excited to the thought of developing a skill set and kind of you know learning this new thing working with some really really experienced coaches being a part of a a really great Community kind of f your skill set if we collect $50 a premium and then you know we clo we there's a profit take at like 15% so then we're collecting $7.50 and then we close out another you know 15% ex and another at 20 but then there's a a loss on the entire position there's a stop loss at 25% so 25% of a th000 is $250 but the total expected gain is going to be you know is going to override the capture rate of the premium would be less am I am I doing something wrong or or is that math CU I maybe I'm not understanding it correctly yeah see once again like I hate give I don't want to give like give you an answer that I sound confident in but I'm actually not in yeah because I'm not confident either I'm not confident I'm not confident in in what I in the question that I'm asking I'm like maybe my numbers are completely off I'm just saying like we you know $50 a premium but then the max loss is ,000 and then I can't imagine like that's how it would work out because um then that I just kind of see why the why the coaches would do it that way if that makes sense like yeah you won't be a again the type of results that the students are getting and like the strategy we use is like a genuine strategy that oh yeah of course I don't I don't doubt that it's just like I I can't answer that specifically but I can imagine it is a little bit different but what I'll do for you Brian is I will pass that question on to Felix ask him maybe to record a quick personal video or something just to maybe that up for you because I do want to make sure that you get that Clarity I mean like I you know I I want to make sure that you can get that Clarity I just maybe might not be the best person to answer that unfortunately so I will definitely 100% pass that question on to Felix um and he'll he'll be able to give you like the perfect answer ever he'll be able to give you the most clear answer about how how that all works the only thing like just for clarity sake is is just on the math because you know I have me like few options Traders trades where you I'm not trying to in any way challenge you I just want you understand what I'm asking like if let's say if the spread has a max loss of a th000 and then we have a win rate of 75% and then we collect even like a $100 of premium and then you know but we're not going to actually profit and keep all of that $100 so then like even if we keep 30% of that 100 that's $30 versus you know the max loss you know with the stop loss so that that's my question I'm not challenging or anything I just want to know like what the answer is so after my call with Aaron I received this follow-up email I want to express my appreciation and then they provided me with more details explore Felix's methodology for achieving 80% probability trades by visiting this document so we'll check that out and I've checked this video out as well there's really nothing in this video that wasn't already said in a previous video and then here's the attachment where it says why choose this program Master trading with just one stock that's definitely a huge inconsistency because in his marketing materials he indicates that they only trade SPX or spy but then in all the other examples that they show they always show something else it's very strange and also inconsistent that they consistently harp on only trading One stock when they don't do that it's just completely false and then you know Etc so let's go through the word document so the word document how to find 80% probability trades for passive income you do this trade 10 times and you win eight times simple so far it's actually not that simple because here you have the expected probability and then here you have the actual and then there are things that you can do like managing early Etc that are going to impact your win rate but all right it's not really a big deal so let's move on option trades have a probability of winning well yeah when you sell options you can look this up in any online broker not if you buy options and it's going to have a negative probability of profit if you bet on a stock going up or down you have a 50/50 chance this is G Ling Don't Be The Gambler be the casino yeah that's true how do you find such 80% probability trades finding an 80% probability trade through options watch.io sort by IV percentage click here to see our screening process and very risk averse when it comes to selecting trades so he basically only accepts one out of three that got suggested which means that out of my there's a typo there sorry for the investment banker in me I can't help it I remember I made a simple typo mistake on a pitch book that I was working on at CIBC with Brian Cotter and he and this is at like 1:00 in the morning and he returned it to my desk he circled it put a huge question mark and wrote WTF so that was like uh my introduction into Investment Banking but anyway so he's claiming that he made money on 82% of his trades even though he doesn't show his trading statements at all and I also don't believe that he shows all his trades make sure you check whether the company has any announcements coming up earnings dividends product launches that's kind of strange that you would even be talking about that considering that in almost all your marketing materials you really only talk about trading SPY and SPX but all right you know not a big deal click here to see the first 50 stocks on my watch list okay so now he went from Trading One stock to 50 stocks on his watch list then look at how much the stock has moved move your trade up down on the right and see how the gray Break Even line moves how many days did it take for the stock price to make a move big enough to break your line setting up quality trades is 80% of the job yeah I do believe that a lot of your risk risk and a lot of your probability is going to be determined by your entry your strike chosen the amount of Premium that you receive whether you sell a put or a call whether it's naked versus a spread Etc so I do agree with that he spends about 3 hours per week trading I do not stare at stock charts all day you know I agree with that if I wasn't running my trade alerts I'd probably spend about 20 minutes a day just looking at the watch list Etc so yeah I set up alerts instead and enjoy my life yeah I that as well I set up alerts on on the stocks let's say I sell a put option with a strike price of 100 and the stock is trading like 120 then I'll set an alert on that stock if it decreases below 110 to address that position and trading view you can set alerts warn you okay all right real life example this is the good stuff let me walk you through a real life example so Walgreens even though I don't think that's spy or SPX but the stock is falling a lot lately so I select bearish strategy bare call spread I'm actually opposite this is definitely not how I trade look the reality is you want to trade the best stocks first of all I would never trade a stock like Walgreens but additionally I'm going to trade stocks like Microsoft or Amazon or JP Morgan or spy or iwm Etc and what I do I do the complete opposite where if Amazon Falls below a certain level then I'm going to sell sell a put option with a strike price of where I actually want to own that stock here what he's doing is he's selling a call spread after the stock has already fallen the biggest problem with this is if you sell a call spread on a stock that's already fallen a lot lately just like he says in this document then you're not going to collect much premium at all so even though I wouldn't trade Walgreens he does the complete opposite of how I would trade but okay whatever let's move on so he sells a call spread I usually play around with the strike prices to get the best return for the highest probability okay so for this trade I'm getting a net credit potential profit of $14.50 for a Max loss of $135 50 the amount of money needed to make this trade for a potential 11% profit okay so this is what he did and it's exactly what I mentioned earlier he sold a call spread that's $150 wide because remember every contract that you sell is 100 shares so if you sell one call sprad that's a $150 wide let's say you sell the call at 25 you would then buy a call at 2650 so that would give you a maximum loss of $150 but you would also pick up and collect some credit so in this case you're collecting $14.50 so your maximum loss will be the difference between the width of the strikes which is is $150 less the credit you received which is about 15 and then you multiply that by 100 and that gives you the numbers that he has here all right the probability of the trade making money is 79% what about the stock chart you can see the gray Break Even lines in options watch so here Walgreens is training at 2172 he's selling a call Square that's $150 wide and and he picked up 15 what does that mean the stock price could go up to 2265 or go down and I make money this is what I call a market neutral trade we make money if the stock goes up or if the stock Falls it's definitely not a market neutral trade it's also not a delta neutral trade you're short a call option you're directional here's what the trade would look like in my broker and for some reason he didn't include that here's the biggest problem first of all Walgreens boots Alliance is not y like he claims in all his marketing materials the second thing is that mathematically this does not work out he's claiming 11% Max profit that really doesn't matter much in this situation because what he teaches you is that he's going to take 50% of the profit after a 10% gain and then he's going to take another 25% and the remaining 25% after a 20% gain and what he means by gain in this situation is the premium capture so your maximum profit in this situation let's say it's going to be5 cents a contract so it's going to be $15 so if this trade expired worthless and he was able to keep 100% of the premium then he would keep $15 but he's not doing that he's keeping less than 15% I think it's around 13.75 but again let's give him the benefit of the doubt let's say that he keeps 15% of the premium so $15 times 0.15 he's keeping $225 and this is before commissions and this is before slippage your maximum profit on this trade with his trading rules which he stresses so much about automatic trading rules you don't have to think about it your expected profit by trading his system after profit taking is $225 all right and real quick Max profit of $15 you take 10% of that so that's $150 you cut that in half so that gives an expected value of 75 then at 15% he takes 25% so 75 1.31 and then the incremental one is 15 * point2 so that's 3 * 0.25 plus 1.31 so yeah $26 so around $2 okay now what about the maximum loss your maximum loss on this trade is going to be around $135 and what he says by using this 79% chance of profit is not applicable to his strategy this 79% chance of profit takes into account the Deltas when you put that trade on but if you have a very aggressive stop loss on this trade where you close out your trade after you see a 10% loss then there's probably around a 40 to 60% probability that that 10% stop loss is actually going to get touched because that stop loss is so incredibly aggressive where you're only giving 10% leeway that there's probably a 40 to 60% probability that just based upon the near-term price variance that this position is going to show you a 10% loss at some time or another now I believe that the probability that you will be forced to close out this position for a $13.50 loss is around 40 to 60% just based upon regular variance and price movements but again let's give him the benefit of the doubt and let's say that it only happens 30% of the time okay so that means you're going to take a $13.50 loss 30% of the time which I strongly believe is significantly below the expected outcome of this trade so your expected loss is going to be $4 now that $2 and I think it was like $26 for your maximum that remember this happens 30% of the time right you're going to lose $4 let's just make it easy then you're going to win $2 but because this loss happens 30% of the time the win is going to happen 70% of the time so your true net gain is $140 and your true loss is going to be $4 so the real expected probability based upon his trade structure is going to be a loss of $260 now this isn't even factoring in commissions it's not factoring in slippage or anything of that nature your expected outcome and I believe that this number this $2.60 is significantly understated I think that the real number when you factor in slippage from the bid ask spread differential and also commissions is going to be closer to about $4 or $5 for every contract that you put on let's give him the benefit of the doubt and go with the most favorable numbers you're still losing money and having negative probability for every single call spread that you put on with this trade it's just completely horrible not only is it completely inconsistent with what he was saying earlier about only trading SPY or SPX the trade structure itself does not work the strategy itself is just horrible let me just briefly walk you through it once more your maximum loss is going to be $135 let's give him the benefit of the doubt and say that that happens 30% of the time even though I think it's going to happen much more because you have really tight stop losses on there where your maximum loss is going to be 10% and then he's going to close it out I believe it's going to happen 40 to 60% but let's give him the benefit out and say that it's only going to happen 30% and then because he's capping that at only a 10% loss so his expected loss is going to be $4 then his maximum gain when you sell options is going to be the credit that you received and then he collected 1450 let's just say it's 15 again we'll use numbers that are very favorable towards him and I know that his max premium capture rate is around 13.5% but let's give him the benefit of the doubt and say that it's 15% so it's 2.25 and then since you're not going to win all your trades and we estimated that his loss is going to be 30% so his win rate is going to be 70% and therefore his expected gain is going to be a160 for every time he utilizes this trade structure his expected l loss is going to be $4 and therefore his expected loss or your expected loss as a member every single call spread that you sell is going to have an expected loss of over $2 I believe it's closer to around $4 and because he has a tendency to trade very large from what he showed previously from some of his students if you trade 50 contracts on this then your expected loss is going to be at least $120 this is just math and probabilities guys so in my opinion Felix and goat Academy is a complete fraud he uses animals to manipulate people's perception of him he's a great salesman and similar to someone like Terry Ijeoma he's very likable when he's on you know when he has that salesman personality and that's probably why his channel is so large but he doesn't show his trading statements his strategy is horrible he's lied about being an investment banker his 90-day unbeatable refund policy is complete garbage there have been numerous people who have indicated that they've been unable to obtain a refund the most important thing is that his trading strategy is at best inconsistent where he says you're only going to trade spy well all the examples that he gives are trading individual underlyings so he's not consistent in that regard but much more importantly his training strategy is garbage if you run the numbers you will lose money and as someone who's traded options for over 10 years I can tell you with close to 100% certainty that this trading structure and this trading strategy is completely garbage and you will lose money by trading it there's no doubt in my mind he's using this trade as an example and this logic doesn't even make sense to me because it makes much more sense if this is an underlying like meta or Nvidia or Microsoft and something that you actually want to own just sell put options let's say it was trading at about 25 and it fell to 20 and you really want to own it at 18 because the implied volatility on that stock is going to be relatively High because it's already fallen from 25 to 20 you can sell a put option collect a decent amount of premium and then you could own it at $18 if you want to own it at a lower strike price then sell a put option at 17 and then you can run the wheel strategy on it overall his strategy is complete garbage in my opinion Felix pren is a compulsive liar I also believe that almost all of his members are going to lose money and this strategy can be learn for free and it's incredibly simplistic but I think more importantly is not only is it a losing trade structure from a probabilistic standpoint but you can easily learn everything for free elsewhere but even if you decide to pay him thousands of dollars and you learn everything that he has to teach you're likely going to lose money by using this trade structure it's horrible so I would not recommend that anyone trades the goat Academy trading structure and I would also not recommend following the goat Academy in most of Felix's videos he just talks a lot but he doesn't say anything of value he doesn't show all his trades and he also doesn't show his full trading statements and I don't blame him because if I was trading a garbage strategy like this that has a negative expected probability of profit then I wouldn't show anything either so yeah that's about it if you have any questions then leave a comment below and if you like this video then I welcome you to subscribe to this Channel and I appreciate your attention so I got this email response from Aaron I don't necessarily want to clown on Aaron because I had like a 15minute conversation with him and I got the impression that he was a pretty good guy he's not an options Trader his job is to enroll people in Felix's course and he didn't really say anything manipulative and overall I got a decent impression of him so let's just watch these videos that Felix made and we'll see what comes out of it hey Brian fix here I put your question s over to me and first forward i l you're looking to learn you're looking to make your money work harder for you and and you're kind of thinking this true and your your spal it's all about risk management ultimately so our job as Traders is to you not lose and lot of money that's the primary objective we have we do that it works out quite well so the Assumption in your calculation is that every loss would be the maximum so it's going toel heav yeah that's completely false the assumption is not that every loss is going to be the maximum what I explicitly asked was that using your numbers the math does not work and actually it's not even close to working every credit spread that's put on using your trading system has a very large expected loss and using your rules where you're using very aggressive stop losses at only 10% of the maximum loss that leads to a loss for every credit spread of around $2 to $4 per contract so you're not even answering my question because I'm not assuming that everything's going to be a maximum loss instead I'm using your rules with a 10% stop loss this should just go from the airport here that's so funny this guy's such a narcissist that he has to throw in that he's going to the airport and the reason why he's doing that is he wants to make himself look important if the maximum stop Ross which isn't the case uh one it doesn't always happen like that way because we can obviously interject but two we teach you something called adjustments and it allows us to literally reduce the risk of a trade that's going wrong halfway through the trade by essentially putting a trade on the other side that would be so the easiest way to to describe that which overall reduces the mon Capital risk because we connect some extra preview and maybe that is 100% false and that's also a lie when you're adjusting a position you're adding more contracts so what he's saying is that if your call spread is going to be close to being challenged by him saying that you're going to add additional positions on the other side I'm assuming that he's saying he's going to add some put options so you're actually increasing the size and the risk of that trade because now you can get stopped out on the call side and then you can also get challenged on the put side if the stock ends up reversing course and going down so for him to say that you're going to reduce the risk on the position by adding to it is completely 100% false that's just like way above but that's essentially the way we do that yes Felix I'm sure it's really Advanced for you to add some put options on the other side and then allocate that premium towards either reducing the width of the strikes on the call spread or simply closing out the position that sounds really really Advanced when in reality you can learn all this stuff for free and you don't have to pay this clown $6,000 so um you obiously spot on in the sense that you got to watch the noses so they stay small and the second part of course is that we can take up yeah so he's not answering my question at all the math is very simple conservatively you're going to lose around $2 for every cont contract that you put on I think that stop loss is going to get hit around 40 to 60% of the time so I think that your actual loss is going to be closer to around $4 to5 for every call spread that you put on I didn't realize this how time liit obviously I talk too much that's funny that's actually the most self-aware thing that I've ever heard him say this guy definitely has diarrhea of the mouth everything that comes out of his mouth is complete diarrhea and the second part is that we can also let our winners run more so we can take if you do have time to look at a trade once a day if you don't it's fine but if you do what we would then do is replace the stop loss with a trading stop so once something is say up 20% yeah a trailing stop in my opinion a trailing stop loss is only going to serve to decrease the expected value on your winning trades I think that that's going to be a losing proposition and that you're actually going to lose more money by using a trailing stop loss and also it's super funny because he tries to make it seem like everything is automated and that you're trading with objective rules and that there's no subjectivity but the more questions that you ask this clown suddenly there's more subjectivity to what he teaches 10% say then we can take away all risk make it zero right the risk is now zero that's another lie from Felix your risk is not going to be zero when every credit spread that you put on has a Nega negative expected value and is expected to show you a loss and we let the trade run to me I am potential cord and you've factor in those two things and things look a l better better any questions you have anything you have at all On Your Mind Brian is Ping it over to me we could also make a three-way WhatsApp chat with me and wish you all the best to take out so yeah Felix didn't answer my question at all he didn't address the expected probability and everything that came out of his mouth is complete BS so Felix claims that his system is Rule based but the more questions you ask the more discretion there is he's talking about rolling and making adjustments and then using trailing stops both of those things that he mentioned are going to increase your losses because when you roll you're going to sell additional credit spreads it's going to increase your risk and it's going to increase the size of that trade additionally if you're going to use trailing stops it's only going to stop out your winners sooner so instead of losing anywhere from $2 to $4 for every trade that you make you're probably going to end up losing anywhere from $4 to $6 if you roll and you adjust your trades like he suggesting or you implement trailing stops additionally He's a hypocrite and he's contradicting himself he's saying that this is a simple three-step rules-based program but it definitely doesn't seem very rules-based when he's talking about adding additional vertical credit spreads and then using a trailing style but in my opinion his goal is solely to get you to sign up and then if you're not happy be delay you until the 90 days expire that way you cannot dispute the charge with your credit card company so if you're unhappy what you should do is email them once or twice and then give them a week and then if they don't respond immediately dispute the charge with your credit card company let's go through some of the reviews Felix has not kept his promises to the Master's options trading course we were promised weekly live trading sessions every week and months can go by and we were not seeing any trading sessions he is always busy with his coaching students and his webinars next one I do not recommend to anyone I agree with many comments just not worth it and refund policy is a lie I was more than 12 months in program asked many times for refund and nothing happened so don't bother waiting for it probably is method to take your money and then fool you to wait to forget very very disappointed that this is allowed in modern world where buyer has to be protected from fraud I know my reviews will be suppressed but I will keep writing one person saved is a big blessing for me and comment from Patrick down the way just to know that he is in team of Felix working as a coach so I guess what they're saying is that Patrick has left a comment on Felix's trust pilot so you should be wary of that specific review next review waste of money largely a waste of money the online courses are incomplete and mentoring cour is extremely low value of money a promised one-on-one session with Felix prehn never materialized there's no official course material the lecturer I was allocated seemed disinterested and what he spoke about had nothing to do with the scalping strategy for options trading described in Felix's online course if you take the online courses seriously and ask enough questions to fill in the gaps you'll find that options trading is hard the margin small and that the consumer brokerages available to you may not offer the necessary tools for the job and that the whole Endeavor is best left to the professionals who also have better tools at their disposal than us cons s will ever have no I disagree with that I think that what you're doing is you're just trading a garbage strategy that has negative expected value and the more you trade his strategy the more you're going to lose I think what Phillips does is he tries to gain your trust using sociopathic tendencies by incorporating animals like dogs and cats by sending very positive and upbeat emails by offering you a money back guaranteed and once he has you you're just completely screwed you're just delayed in stonewalled and then once he has your money you have no recourse and then also his trading strategy is completely garbage you're going to lose money and I believe that he actually doesn't even trade at all I believe that almost all of the trades that he shows are just hypothetical trades just like he says in the email Felix's best advice is in regard to buying stocks keep investing broadly never spend more than 5% on startups and decades later you will come out a winner but unless you're very lucky there's no formula for getting rich quick don't bother Felix will tout 10% returns per month using his method which is just credit spreads they say they have 100% money back guarantee but this is a lie I've emailed them constantly and they continue to refuse to give me my refund the only good thing about the course is one of the coaches named Patrick if he had his own program I would join that but stay away at all costs next just looking at some of the further reviews I see they took the hard-earned money from a single mom and then refused the refund as they have to everyone that is pathetic from a moral perspective I'm still puzzled why there are positive reviews on this site I guess for the people it works for they like it I completely disagree I think his trading strategy is completely garbage and I don't think it works for anyone however do not count on any instance of ever getting your money back if you do not like the course don't make the mistake I did by signing up for the full mentorship which is super expensive if you want to try it try the group lessons at least you will only kiss 2500 or whatever it is goodbye so embarrassed to have been scammed by these folks good luck next we have not what has been promised no lifetime access to Discord no explanation of earning strategies and the course material no weekly live streams trades not being live updated questions not being answered I haven't been removed but the access is not forever there is a 104 day countdown I posted my trades with links and ask for feedback none of the coaches answered the same for others I saw posting their trades I'm not confused using Discord I wrote Felix a DM stating that the earning strategy was not in the course I didn't get a reply on that the program is well marketed but doesn't live up to the promises not what I was promised bad experience I signed for options Master course 90 days they promised me that it is very easy that child can do it they promis me money back if I don't like it and they promise for the time of course I will make my investment which for the option course of 8,000 none of this came true didn't make 8,000 it is far from easy and they also refuse to make refund which they promised censored my reviews Etc again this is what they do they build your trust that they promise you a full unbeatable refund you then complain because you're unhappy they tell you that in order to receive the refund you have to go through the entire course then they delay until it's past the 90 days that way you have no recourse and you can't submit a charge back with your credit car company so therefore it's completely at their discretion and then after the 90 days they deny your refund in my opinion this is a complete 100% scam and and I'm also going to speak with one of my best friends who's also my attorney she handles all my cases we're going to forward this information to the FTC because I know that even though Felix is not a US citizen a lot of his students are probably from the United States so I'm curious to see if the government can take action against him because what he's essentially doing is baiting and switching by promising a refund so therefore students or members who enroll think that they have nothing to lose and then when they realize that this whole thing is a scam he then delays them so that they can't contact their credit card company and then he denies the refund bad experience I had many bad experiences with goat Academy I paid for options Master course 8,000 didn't get what I was promised and it is not easy work full day job for a few months that in the end you will find out coaches hardly get average at 2% per month 2% a month I completely disagree I think that they lose money or they don't trade at all you are definitely not going to make 2% a month on a strategy that has a negative expected value I complained want of my money back like they promised they said that I must complete the course before complaining so I did and in the end they just said that they changed policy and no money back is possible so my opinion it was a trick with all promises and in the end nothing like promise I have all evidence pictures mailes Etc not fair from Felix if you make commitment for return policy and you advertise it you must also stick to it otherwise it is a legal claim and like in some comments from other people you try to suppress and remove comments not fair for freedom of speech people should know all experience from all people who attended your courses I completed program long time ago asked Jenny for refund and whoever I could no reply or negative arrogant reply if so like you stated in reply please refund me then if anyone who's watching this has proof that you can send me that they denied your refund request then please send it to me because I have a lot of litigation experience and I will do my best to ensure that action is taken against him all right not worth it not like I was promised you would have to spend a long time for learning they are still catching around in the end people must understand no magic pills to make money hope Felix did not promise that to people and did not take 8,000 for mentorship and it would be different story max value for options mentorship is 1.5 or500 I completely disagree I think that he should actually pay you because you're wasting all your time to learn a strategy that is only going to cost you money and just to know if you are complaining you will be locked out from patreon community and no money back as they promise Felix is German and cannot go from his shoes if you are not obeying you will be thrown out from Swift system just not fair and also they do all their best to remove reviews next one I do not recommend if you do not have a ton of free time I was promised the 90 days Master option course is very easy and everyone can do it hm I don't think so though I already had stocks experience and also crypto experience it was very hard and full day job 3 months and I was studying all the time got headache many times I was close to quitting after first few days I asked for refund at 8,000 like they promised and stated I have proof and they advised that I must stick to the end which I did and they stated also that they guaranteed that I will earn what I invested in 90 days options course that didn't happen if Felix refused to refund with excuse that they changed the refund policy even if I had had proof that in the days of my application they stated refund guaranteed have all evidences arrogance like this is not fair to the dissatisfied people who have no rights by the way for they opinion to be expressed and no refund whatsoever that is not fair to have so many unhappy and disappointed people in community just because someone doesn't want to return other people's money which is Promised by the way I feel very sad that people like this exists who will do anything to get something from you even to bring dogs and cats just that you fa to trust them sad Felix very sad like they said what comes around goes around yeah just like I've said Felix prehn is a narcissistic manipulative sociopath he's going to use any means necessary to gain your trust like bringing on dogs and cats he's going to lie to you about Investment Banking and the refund policy your best bet and the best thing that you can possibly do is to contact your credit card company and tell them that youve been scammed disappointed on all levels must share my experience I am single mom that paid options Master course 90 days for me and my son €8,000 to learn options trading after watching few Felix videos in an online seminar I decided to invest even if I was a little bit skeptical because it's quite expensive 3 months course but Felix stated again and again that did is easy and the child can do it and that we will earn investment back in 90 days so it looked attractive to try especially when Felix said that if we don't like it or would ever money back guaranteed after 3 to 4 days we saw that it is quite difficult and it is not right path for us so we wrote for refund but they denied saying that we must complete the course first we did this and in the end my son wrote to Felix personally and Felix stated that they changed the refund policy after that we wrote that we have pictures from seminars where he stated that 100% return policy if we are not content he denied saying that and locked our Pat on account he locked us out because we complained and also locked our stocks course which we paid also and hasn't anything to do with our options 90-day complaint and also texted on mail that if we write negative online he will take legal actions to be honest I would love to Sue this guy if this guy was in the United States I would completely annihilate him there's no way that you should be able to scam people like this if he was in the US he would definitely get shut down after that we wrote him on his YouTube live and he bought us back like a beggar is to community and we didn't get our money back never so Felix you are speaking with single mom that is fighting for her rights and you make us begging to come back to community just not to lose €8,000 refuse to return our money even when promised so before we enter program please you have my PayPal account and be so fair and human being and refund my hard earn money I don't think that your community or your courses are bad but just for us it was not what was promised and because of that we wanted to use our rights for refund and leaf community so you can have happy and successful community and we didn't feel we are for that path I hope that this time you will make a difference and keep your promises and refund my money back and that you can share what you are sharing without negative feelings from anyone and without negative thoughts towards you all the best man I feel really bad for this woman she's a single mother and she's still trying to maintain Grace and a positive attitude and she's been completely scammed I feel bad for her look at her she's actually like being really nice in this review after she's been scammed and she's already saying that she doesn't want any negativity all right a few more review go Academy's unbeatable 90day 100% money back guarantee I will only review my experience with the advertised unbeatable 90day 100% money guarantee no marketing material that I was given before I made the decision to join the program limited the guarantee I'm not reviewing the program in general or the goat Academy I needed to leave the program and I claim the guarantee to the leader of the community Felix on October 11th 2023 I started the program August 10th Etc my request has not received a direct response he offered to put a pause on the program and extend the 90 days however I am not interested in that proposal I need the initial terms to be respected I've sent nine emails in the span of one plus months and only received a couple of replies no replies to my last emails and I am blatantly being ignored I started a dispute over the charge of my credit card card that's extremely smart that's what everyone should do they should dispute the charge with their credit card additionally he can really get in trouble for this I remember that I litigated with a company I'm not going to mention their name because I really don't have any ill will towards them and the FTC already went after them and sued them and they lost millions of dollars if a member was unhappy then they would tell them hey no problem we'll switch you to another program and even though there was a refund policy they kept switching people to new and new programs but they never issued the refund and then the US government stepped in and took action against them in this situation because I don't know which country you're from it's very smart that you initiated a chargeback with your credit card company because in my opinion the goat Academy is a complete fraud and scam they're going to tell you whatever you want to hear they're going to use animals to manipulate you they're going to promise the world to you in order to get you to enroll and once you enroll they have you and after the 90 days you have no recourse and they not going to refund your money if this is one of the main selling points reassuring the customer that there is a guarantee in case that the student does not want to stay in the program during the guarantee period and goat Academy ignores any customer who wishes to make the guarantee valid draw your own conclusions you will not get your fee refunded sub part course for the money Felix and the coaches are kind and meanwhile no they don't again this is part of the scam Felix in my opinion is a manipulative sociopathic narcissist he's not kind he doesn't mean well his goal is to get your money with any means possible by using Animals by promising you a full money back guarantee by showing you fake returns and then once he has you and then you request a refund that refund is going to get denied he is not a kind person who means well Patrick is extremely skilled and professional my issue is predominantly that the guarantee was not honored whatsoever my please for help were ignored and no solution was made to find a winning strategy for for me to employ this is all that I wanted a winning solution I would never have signed up for this such high premium course without this guarantee and it is not honored so I cannot recommend this course go elsewhere you will not get your money back so you better consider it a sun cost and if that is the case you are not trying it out you are buying it sight unseen so let me tell you what you are getting with the other issues other than the fraudulent offer on the refund there's not really any group discussion sharing of trade IDE the forum for ideas is dead only very Junior people asking what trades Felix is doing and would he please post them there's often a day or two or more Delay from when Felix does trades you never know when and if they are a few days old before being posted you are too late to enter those trades I don't think that that's a bad thing because I think that the more you trade his system the more you're going to lose so this is actually positive because if the community was active the more you trade what he teaches you the more money you're going to lose this is one one of the reasons I joined for a vibrant forum and I was guaranteed by their salesperson Aaron that there would be a robust Community when I shared my disappointment of this with Aaron he ceased communication with me this is consistent with scam operations and I have screen recordings of our Communications there is no onboarding process setting a goals reviewing weekly plans scoured the site and finally had to ask Jenny Felix just doesn't do this I was disappointed as this is advertised in the videos that they will work with you create a plan and weekly goals I believed having an overarching plan for Success was crucial and this was advertised and is even part of the initial lessons but no one will do this with you again false advertising you cannot book a call with Felix he removed the ability from the website about a week after I joined this would have been useful as I was desperate to find a strategy I could employ this is a continuation on the last review we had an additional agreement that Felix accepted that would make 5 % per month on my portfolio as a measure of success that's completely crazy maybe you'll lose 5% a month if you trade a lot of contracts but the probability that you actually make 5% per month by trading his strategy is close to 0% I don't even think you'd make 05% like I said The more you trade his strategy the more money you're going to lose we could not achieve this only losses even with this they will still not refund my course it has been a huge disaster for me as I had 6 months to sit down and make this work and nothing did I just lost money plus the tuition plus you lost 6 months of time that you're never going to get back you incurred a lot of stress you lost the money that you invested in the course and you're going to incur trading losses by trading his losing strategy five the course is not really a course just the collection of videos that are Loosely gathered into what might be a quasi topic it's very halfhazard additionally even if you finish the course they will say the miscellaneous videos at the end of the course hundreds are part of the course therefore you're never really done with the course and they will use this as an excuse to never refund your tuition again that's why you have to issue chargebacks there's nothing new in the course anyone who is familiar with tasty trade already knows all of the course The Only Exception is one of the coaches Patrick teaches a delta neutral strategy that is clever and worthy of respect I'm I completely disagree with that delta neutral strategies are an easy way to turn your account because as the market moves higher or lower you're going to have to make constant adjustments to your Deltas by adding new positions and closing out others and all you're going to be doing is turning your account and losing money let's see what else he says however I cannot get it to work for me as I could not keep up during trending markets and my losses were more than my wins yeah of course that's exactly what I said I am absolutely devastated by the loss of my Capital my 6 months the runaround and the loss of my tuition there is no way I would have taken this risk and paid for such an expensive course if there was no risk-free guarantee consider yourself warned that this is a subpar course you will not get the attention you think you will and you can kiss your tuition goodbye read the other onar reviews they are accurate as far as I can tell and representative of my experience as well good luck and then finally I don't even think think the Felix trades it all because look it says right here cftc rule 4.41 hypothetical or simulated performance results have certain limitations unlike an actual performance record simulated results do not represent actual trading also since the trades have not been executed the results may have under or overcompensated for the impact if any of certain Market factors such as lack of liquidity simulated trading programs in general are also subject to the fact that they are designed with the benefit of hindsight no representation is being made that any account will or is likely to achieve profit or losses similar to those shown I don't even think that this guy trades it all in my opinion I think that his entire operation is a scam and a fraud