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Hi, anyone has gone for the "trade like rocket" options trading course, conducted by Carol? She advertises in instagram, and includes one-to-on mentorship? Is she good ?
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Hi All, have signed up for the mentorship course in 2021. Hope to advise people against wasting your money on Tradelikerocket/Carol's course. Below is a summary of my observations:
I have nothing against Carol. There is a difference between the ability to teach and the heart to teach. In Carol/Tadelikerocket's case, it is clear she does not have both the ability to teach and heart to teach.
I will advise people to learn from other traders. Do not spend the money on her course. There is better use for your money.
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Signed up for the 1 on 1 mentorship from 2022 - in short, don't waste your money.
In the chat group, you are constantly flooded with people talking (most of the time not about trading), and you will miss out most of the important stuffs that Carol or whoever is moderating puts out, unless you spend time to read every single message.
For approximately $4000 SGD, you would expect a well thought out course with personal teachings about the market by Carol herself. However, she rarely does live trading (perhaps once or twice a week or even less), the course itself doesn't have anything about trading you can't find on Google, and I spent every single day regretting spending that amount of money.
Recently found a US discord group, at just $200 a month, with pre market prep, post market videos, and live voice trading with several experienced traders every single day. So yes, there are better alternatives out there.
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I was a mentorship student from 2021 to 2022 and hate to leave any review that is not glowing for any business. However, a few friends who knew I paid for the TLR course asked me what I thought and one of them just recently was retrenched and looking for an alternative hustle. Money is tight for many and I wanted to share a candid view of my lessons with TLR. If you are here because you are fomo-ing over the giant profits/ high life shown on the TLR IG and decided to enter
'TradeLikeRocket Reviews" into Uncle Google, pls pls pls do your own DD.
Carol was nice enough during our one on one lessons. Her course materials was sufficient for a newbie like me and the live trading videos were also very exciting to watch. However, one must understand that while she is a great trader herself, it does not make all of us great traders. I found it hard to find consistency as her explanations behind why trades are taken can be vague. She has been in the business for about 5 years so she has developed a knack for knowing how price will react. Alas, that is not something newcomers can sense and it is important for her to explain well so that we can fish for ourselves and not rely on callouts. Perhaps that works against the TLR biz model where there are Telegram channels for callouts and that might explain why she does not explain but I would put it down to the fact that she just has a gut feel for which there is no explanation. Do note it is also hard for us to catch trades at the same time as her as every second counts and the prices can really fluctuate every blink of an eye.
Time and experience are something we cannot buy and need to submit to and that I readily accept. But there were a few other issues which led me to decide against paying for another year with TLR and their callouts.
One, as another post brought up, was the booking of the one to one sessions. It was difficult and to be honest, I also did not find them very useful as I was too new and the questions I had were too basic. I also found it quite hard to confirm timings if any changes needed to be made. As another poster mentioned, the replies come fastest when you are new and inquiring about the course so it was quite disappointing when I also felt that way. Money talks and bullshit walks....
Secondly, I felt Carol and her team spread themselves very thin. They launched Sniperscan, a small account challenge, changed the system to having a few Telegram channels with other traders that were new to students and then suddenly jumped to futures trading. It was as if they were just dashing to make money wherever they could as quickly as they could without making sure the previous projects were managed well. I don’t know if I missed the announcement of the changes but do note that the course setup can just change so be prepared that the it might not be what u think it is going to be.
Lastly, the live sessions also became very irregular and last minute. IMO, the economic calendar is out on the web for all and sundry to see so it is easy to confirm live trading early but it can be quite messy and disorganised with Carol disappearing sometimes with no word for a few days. I was really quite disappointed with that as I felt the live trading helped with price action reading. And THERE IS NO WAY TO REACH THEM to ask what in the world is going on. FWIW, dates for FOMC, PPI, CPI, NFP are set way in advance so having a confirmed schedule would have been a boon for working adults with children. But as in my second point, Carol had prob spread herself too thin and had little energy to be everywhere, everything all at once.
As for the live trading, it was fun when the chat was open so the whole group could come together for team spirit. However, the chat would not always be with the whole group and I felt it was to avoid any dissent amongst group members as I am sure I was not the only one who thought the program was not very well run. On the rare occasion that the chat was open, Carol would only answer questions that would not open up another can of worms and I think it is also mentioned in another earlier post on this page.
All in all, pls do not spend your retrenchment benefits on this course. There is no need for the private tuition if you are new and as for the material provided, I would value it worth $500. If you are on the ball. u can find other traders on Youtube who are happy to share their knowledge for free. I broke even on my trades during the course but I would factor that to my own careful nature rather than to the callouts given.
I feel all the big profits shown in the IG come from a few students who 1. might already be experienced or 2. have deep pockets = guts. And we also really cannot believe everything on the internet. It is just all in the marketing.
For those who have some basic knowledge on candlesticks, please google Inner Circle Trader (ICT) and watch all his free mentorship videos on Youtube. He has been trading since 1992 so while he might rant quite a bit on his videos, his experience and precision with chart reading shines through. As the Chinese saying goes, old ginger is always spicier. There is a reason ICT has students who have started their own Youtube channels and who have also come out PUBLICLY with their own P&Ls to thank him when they become funded traders. I am still in the process of digesting his videos but u can see for yourself the testimonies his students have given on the web. Just sharing as I personally found it difficult to find someone good to learn strategies from and was very happy to find him on Youtube. If I found him earlier, I would be USD 3000 richer as I would not have paid for TLR. When ICT did run a private mentorship prior to 2022, it was USD150 monthly. Compare that to the USD3k yearly TLR is asking for and compare the experience of both traders. ICT - 30 years and Carol - 4 years. The 26 years difference in experience is huge IMO when I go through his videos. And the most amazing thing is that it is FREE so if u do not find consistency or success with ICT, you are NOT missing a dime!
Good luck trading, all!
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Here are a few reasons why you should not be signing up for Carol tradelikerocket
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Hi Everyone, i've signed up the course and have been trying to reach Carol and the team for MONTHS but they gave lukewarm replies and ghosted for a long time. The course is not cheap and this after sale attitude is terrible after payment.
Strongly DO NOT RECOMMEND.