Trade Like Chuck (tradelikechuck.com) is an online investment opportunity that was created on January 8th, 2016 most likely by Chuck Hughes.
TradeLikeChuck Review
Trade Like Chuck operates as an online landing page used to promote a couple different investment offers from Chuck Hughes.
Offering published books and investment based DVDs, Chuck Hughes renders these products free of charge minus a shipping and handling cost between $10 to $15.
Unfortunately, tradelikechuck.com does not provide much information in regards to their investment offer besides from the information disclosed in their brief promotional video.
Among the information included in the pitch video would be about how Chuck was a pilot for 37 years and as a way to aid his retirement he turned to investing where he turned $4,600 into over $460,000 within a couple of years.
Those assertions pave the way for the investment offers available at Trade Like Chuck which supposedly include the same exact trading approaches that Chuck Hughes used to generate such a vast sum in profits.
According to TradeLikeChuck.com, Chuck Hughes has won 8 International Trading Championships, a claim validated by our research.
Near the footer of their domain, the support email address of support@tradelikechuck.com is provided along with the following two telephone numbers 1-800-314-5098 and 1-800-538-7001.
In addition, the disclosed physical address of 230 W. Towne Ridge Pkwy, Suite 475, Sandy, Utah 84070 USA is provided on the site, yet when researched comes up as the address of the Lincoln Institute of Financial Educational, according to the Better Business Bureau.
Thus far, no affiliation of Chuck Hughes and the Lincoln Institute of Financial Educational appears to be disclosed at Trade Like Chuck or validated when researched.
Trade Like Chuck Scam
Trade Like Chuck fails to provide substantial insight in regards to their operation and relies on a vague promotional video to acquire conversions.
Given this truth, simply browsing their site isn’t enough, consumer feedback must also be taken into account regarding this operation.
Additional research via consumer feedback regarding Trade Like Chuck portrays an operation that appears not to be in good standing and one that is possibly sleazy.
According to RipOffReport, many consumers have discovered and reported some not only disturbing revelations regarding Trade Like Chuck but also some unethical business practices appearing in the form of advance fees scams as well.
According to SimilarWeb, tradelikechuck.com is not a popular website nor receives much traffic and reflects a global rank of 3,248,803 with a US rank of 820,756 as of February 2018.
The main consumer consensus regarding Chuck Hughes would be that he is a scammer who specializes in ripoff investment offers.
Trade Like Chuck by Chuck Hughes comes off as a promising investment opportunity when in reality it appears disingenuous and should not be trusted.
If it sounds to good to be true, it is.
Stay clear as once you order the “free” book you get charged $37 per month under the Market Watch newsletter which name is very close to business operated by the Wall Street Journal. These people are difficult to contact to cancel the fee and the whole system is geared to get more money . Stay away, run and tell your friends
My 83 y.o. brother saw the commercials and being a retired Air force person himself , he bought the whole deal , hook line and sinker. $7,000 dollars later he lost another $3000 in Chucks trading scam. Then they wanted another $7000 for another year so I guess they could lose more money. NO they do not refund your money like they say in the literature . My brother bought into the INNER CIRCLE. Which is meaningless double talk. He believed he was now special. But rather he was a sucker!! Where is the Securities and Exchange Commision when you need them ?
“$4,600 to $460,000 in a couple of years”
That is all you need to know about this scam. If that sounds reasonable to you, you deserve to be parted from your money.
Preface & Context: I once was a registered financial advisor and counselor. I also have studied and traded markets for over 6 years. I’m not a newby when it comes to trading, but I’m not a rookie either. I search for legitimate, decent, worthwhile trading education services that can actually provide something useful, that don’t cost you both arms and legs.
TradeLikeChuck – the Book
On the plus side: You can sign up to receive their book and DVD. I found the book down to earth, an easy read, and actually good for newbies. It also has sound principles for those with moderately more experience and who maybe need to re-ground themselves in some solid practices. The book was forthcoming about MOST chart settings. They were good about explaining setups and precise points of entering and exiting trades. The multiple charts utilize multiple time frames to identify trend and increase likelihood of success. The controlling of risked capital (i.e. “getting out” of trades if they go against you) were wise and in common with some other trading education philosophies. They provide a formula to narrow down your selections of buying (or selling) options, that again would also reduce one’s risk. Overall, I was “reminded” of several principles that–when I implemented them–gave me more positive trades.
On the down side: Their Keltner Channel settings in the book were incomplete and therefore left me guessing about the other settings needed to fully define the Keltner Channel. My default settings did not match theirs. So I had to play around a lot with settings and finally got them to almost identially match. But then in a subsequent webinar broadcast, they were misaligned. I don’t think this aspect (by itself) is a make-or-break decision, as default settings on your platform are maybe ok. But it does raise a little doubt when the claims in a book cannot be easily reproduced to validate them.
TradeLikeChuck – the free webinar
My impression turned a bit more sour after attending 3-4 of their 1 hour free webinars. They are all similar. I never got any live questions answered via chat. They spend 25 minutes promoting why they are king of trading above all others. That only left 30 minutes to dive into more details, about the book and actual education. Not much new, but it is a different teaching approach for those who learn better from a presentation than just reading a book.
TradeLikeChuck – their attempt to sell their trading services
Following the webinar, they offer to give you an on the phone counseling session. MAKE NO MISTAKE, THIS IS WHERE THINGS GO TERRIBLY AWRY. It is just a high pressure, “interactive” sales pitch to sell you on why you should spend $8000-$15000 for their personal coaching services.
Understand that I thrive on pulling the rug out from under used car sales approaches. And because I’m not new to this world, I can unravel their pitches pretty easily. I explained up front that I was only interested in chat room services, maybe trade alerts, and an ongoing connection to them during trading hours to provide some guardrails while I’m trading. This didn’t fit into their attempted pitch, and the presenter became very stubborn. Interesting how his initial interest statement of “How can we help?” went sideways when what I wanted did not fit what they offered.
They tried to counter with, “Well you can’t get any good advice unless you pay lots for the experience, and our teachers are the best.”
WRONG. You can find other sources for reasonable fees. I have done so.
They used arguments like “Well obviously you need help in your trading or you wouldn’t have called us”.
WRONG. I just want to make some improvements. I’m not looking for an entire brainwash.
Here is THE BIGGEST PROBLEM with many (not all) trading education services: They claim they want to help and teach you. But if you say “Here are my terms”, or “Here is what I want”, then they just badger you on how you must buy their high-dollar education. Their whole pitch is based on you not knowing what you need, and they are trying to convince you that THEIR system is the only system worth pursing. Hogwash!
Here is the HIDDEN TRUTH to such services: Do the math. Say $10,000 per customer to the company. It only takes 10 customers forking over this fee to yield them $100K. That’s a pretty darn nice salary for someone to sit on their butt and teach you how to trade. It doesn’t take long before those services are making a half million per year just from teaching. But if those teachers were really making the Million a year that so many claim, then why would they bother taking time to teach you–or me–what they do? Answer? They only do this if they NEED the money and believe they can get it from you, the desperate student wanting to make their supposed Million. Basic logic suggests they are not making all the money they claim in trading (at least not consistently). Otherwise, why bother teaching at all? Many will claim they want to share their secrets. But a cost of $10K is not sharing anything.
CONCLUSION
Chuck himself might do fine trading. But Chuck is not the teacher. In fact–the way they present the webinars an sales pitches–they could have no ties with Chuck whatsoever and still have teachers claiming to Trade Like Chuck.
So get the book and video? Yes
Even attend a free webinar? Sure
But pursue their overpriced service and trust your money to someone over the internet? NO.
You should NEVER fork over that kind of money for internet training unless you can go find them in person and punch their lights out when they shaft you. Buyer beware!
HI! Stephen, your review on TRadeLikeChuck compelled me to take my hat off and give you a thumb up to respect your characters of sincerity, responsibility, honesty, and dedication. I wish I could be like. Oh1 To learn real life each other, welcome to formefirst.com. All the best; blessed.
You, sir, are the true hero the internet needs.
Thank you for bringing me back down to earth with reality!
Very detailed thoughtful review. I am so new I haven’t started yet. I am looking forward to reading the book but not ready to commit serious cash.
Do any of you idiots actually trade?
For about 20 years Jim H. Part of staying in the game as long as me is having a plan which includes the flexibility to learn new things. If Chuck offers even small tidbit I didn’t know before, than perhaps going through their sales pitch might be worth it. BTW, calling people “idiots” whom you don’t know speaks volumes as to your character. Maybe you should work on your humility before tackling these markets, yes a suggestion from a veteran trader.
I picked up on this Chuck Hughes thing and ordered their book. I guess I got a little ahead of myself. Before the book came I decided to look at some reviews and found the bad reviews were like a bad rash. When I got the book I never opened it and sent it right back to them. I then called them and told them to refund my money or I would dispute the charges on my card. Since I didn’t open the package and sent it back they had to refund my money. They still call me trying to get me in their scam, but I told them I’m not interested so now they send brochures in the mail which goes into the round file. Bad reviews from so many people can’t be wrong. I paper traded options for over a year and seen how easy it was to lose your money. It’s worse than buying stocks. Trading options would be fun if you are worth billions and don’t give a crap if you lose. A better way of amusement would be to hang out in Casinos frittering your money away.
Hi! Jerry, I do appreciate your honest sharing the experience in dealing with TradeLikeChuck. You do a good job as a responsible citizen for the society and ourselves. All the best to your health and success in trading… To help know each other, welcome to formefirst.com. All the best CTL
Thank you all for sharing and caring.
You know it’s a scam when they tell you ” well don’t you have a credit card you can charge the 6K to? ” Not to mention it represents 25% of my trading account !! Don’t fall for this SCAM !!
Exactly!
I had the same experience by phone so I backed their associate into a corner until he admitted that their assertions about profitably trading did not include their outrageous fee and the need for a much larger account base to initiate the first trade, not to mention the result if that first trade went catastrophically wrong. They are a scam!
So many in this field are the worst charlatans. Jim Fink is another. Jeff Bishop and his cronies as well.
Well, Scott, Good for you to reveal those online scammers like what you mentioned. Jeff Bishop victimized me once and I felt very bad. Lately, I always go through some online reviews on the promoted programs before deciding if they are worthwhile to join. All the best to success,
I bought the book. It’s not bad. I sat through the introductory seminar and it was well delivered. At that point, they seemed legit. Knowing what I know about some people and companies in the trading education industry, I’m aware of plenty of scam artists overcharging for their goods and services and literally taking people’s last dime with a smile on their faces. This is what this company turned out to be. I was literally bullied by their sales staff and they got especially hostile when they sent me to the “sales director” and I did not make the decision they wanted, which was to spend at least $5500 for their “Inner Circle” privileges. Whenever these outfits start talking about an inner circle, RUN! I spoke to a qualifying sales representative then after she sized me up, I spoke to a “director of sales” and when I indicated I was not planning to buy anything today they started getting very salty with me. I returned the salt and closed down the conversation after I determined they were just like the rest of the charlatans out there. I could not believe the qualifying salesperson called me back just after hanging up with the director and she scolded me for not acting in the way they wanted me to. She came for me, raising her voice and chastising me for not being decisive and not being serious. I told her I was very serious about not wanting to give them $5500 after that harassment. I cannot believe they are in business. If they are getting people to give up their credit cards just like that for a big fat nothing burger (charging $5500 for buy signals???? really???). Talk about drinking the Kool-Aid. Bye Felicia!
It’s all about “high pressure”. Unfortunately, high-pressure sales are not illegal.
Glad you kept your cool AND your money!
Very negative comments, indeed. Has anyone read his e-book “Chuck Hughes Optioneering” ? It is free of charge as a download. While I haven’t done much research on it, it seems to have lots of good information in its 72 pages. Would appreciate feedback from anyone in this community who has traded some of his strategies.