Base Camp Trading

Base Camp Trading is supposed to be an education platform for traders with courses and trading rooms so traders can learn from experts. However, it lacks any qualities of being a legitimate enterprise. Its owners claim to be experts without any proof, its products lack any value, and its trading rooms lack any activity. 

In my Base Camp Trading review, I’ve discussed how these people are scamming new traders. I hope my review would help you in making a better-informed decision about this company.

Base Camp Trading website homepage
Base Camp Trading Official Website Homepage

Wanna-be Masterminds of Base Camp Trading

Base Camp Trading is a sheer example of ‘never judge a book by its cover’. The team behind this scam looks great on paper, which helps them in trapping more people in their sleazy schemes. 

Base Camp Trading is the brainchild of five guys, Drew Day, Thomas Wood, John Osborn, Dave Aquino, and Brian Strong. Drew is the founder and president. He claims to have 16 years’ experience as a hedge fund manager and a speaker. He also claims that he has managed more than $6.5 billion worth in assets. He’s a CTA (Commodity Trading Advisor), and like him, the rest of the team looks good on the paper too.

This great-looking team allows Base Camp Trading in convincing people that they would get the value they want. Most of the victims of this scam are people who get fooled by titles and accolades. In terms of delivering results and performance, Base Camp Trading fails tremendously. 

Yep, Base Camp Trading is scamming you…

This company is scamming new and seasoned traders alike by selling them useless products and a trashy membership. Their entire business model is based on scamming their customers. Their trading room doesn’t have real experts, their courses offer no value, they have contradictory information and whatnot. 

I have discussed all the shady aspects of Base Camp Trading in detail in the following points:

Useless Products

Base Camp Trading is selling trash to its customers by repackaging it in multiple ways. If you’d read their landing pages, you’d be bombarded with numerous useless products. They are offering courses, trading rooms, VIP customer support, and many other things under a $7 price tag. 

Memberships offered
Membership page of Base Camp Trading

If they can offer so much in $7, it really puts a question mark on the quality of their products. To top it all off, they offer a $897 course along with this membership too:

Base Camp Trading's course pop-up
Course pop-up of BaseCampTrading

They claim this course is a must-have for any trader and that’s why they are providing it FOR FREE to their members. In my opinion, it’s trash. Otherwise, when they already sell so many courses in their store, why would they keep a $900 course for free? It doesn’t make sense. 

No Performance Disclosures?

The main product of Base Camp Trading is their trading room, which I’ve discussed in detail below. However, the biggest issue I faced in that room was their lack of performance disclosures. A trading room should help traders learn from others but if they can’t share their performances then there’s no way to validate their claims. 

How can you trust a guy’s methods if he can’t show you the proof of his results? This is especially suspicious in trading where a person’s results matter the most. 

You can’t expect traders to trust a random person’s word all the time. This fact alone makes their trading rooms useless. Their trading room only serves one purpose and that is, to fill their pockets. 

The Deceiving Trading Room

Basecamptrading.com has a trading room that runs from 9 Am to 12 AM. They offer you the option to test this room with their $7 a month subscription, however it only lasts a month and they will charge you $147 for the entire month. They mainly specialize in options and futures trading so they have two day trading rooms. 

Thomas Wood moderates the futures day trading room whereas Dave Aquino handles the options day trading room. The trading rooms are supposed to help traders interact with and learn from other seasoned traders. Base Camp Trading offers trading style courses, daily trade analysis with commentary, their Weekly Outlook, their private member-only chat room and a live new member orientation session.

Like I mentioned earlier, their offerings look great on paper. However, their trading room remains inactive most of the time. The main purpose of a trading room is to help traders learn new techniques but the study material is pathetic. 

Even when there’s some activity present in the room, it’s not regarding trading. The moderators would talk about everything except trading. They keep bantering about random stuff, probably to SHOW people that their rooms ARE active, while in reality, they are just filled with useless nonsense. 

Base Camp Trading has Zero Credibility

Dave and Thomas try to make their trading room a lot more credible than it actually is. Sometimes they would share some random trading information due to this purpose. But here’s the thing, none of the team members of Base Camp Trading hold the necessary experience or credentials to give out trading advice. 

As I mentioned earlier, Base Camp Trading is a rebranded company with a few more team members than before. And there’s no way to verify the credentials or experience of the team members. Nobody knows anything about Drew or Thomas outside these companies. The only source of their career information is their own website. 

So, it’s obvious that these people aren’t reliable in any sense. If they had any experience or skill to show, they wouldn’t hide it this much. Why would an expert hide their expertise? The only explanation is, they don’t know anything so they just keep spewing jargons and banter to deceive traders. 

Apart from all this, the screenshots and ‘trading results’ they share in the trading rooms are of simulated accounts. How do I know this? Well, actual trading accounts show the balance or the real time summary of the trade. But the shared screenshots and images don’t reflect these pieces of information. It is suspicious and makes it highly probable that Thomas, Drew and others are only sharing fake screenshots to dupe traders.

Upselling till you leave

Base Camp Trading offers many products to its customers. The $7 subscription is just the bait. They have a store which has more than 20 indicators and 23 workshops. All of these products have different prices but that doesn’t mean they are worth purchasing. Experienced traders know how much a useless indicator can cost. A poor indicator would not only lose you the money you had spent on it, but it will also lose you the money you spend while following it.

Their indicators start from $150 and go up to $1500, which is a lot for any indicator. 

Base Camp Trading has another service, private consultations. Their private consultations cost $200 per hour, and they claim it’s cheap. 

I don’t think asking $200 for an hour is cheap, especially when you’re not even talking to a real expert! 

As I’ve already established, the team behind Base Camp Trading has zero credibility. They don’t share real screenshots and claim to be seasoned traders. Their sole focus is on deceiving novice traders who don’t know much about this sector and cash in on their ignorance. They claim to be experts which they are not. 

Hiding Every Information they can

The people behind Base Camp Trading try to hide every piece of information about them which can expose their scam. They claim on their website that they’ve been helping people for 10 years, but their website was registered in 2016 only. You can see that in the screenshot below:

False claims of Base Camp Trading
Fake claims of BaseCampTrading
Who.is details of their domain
Who.is details of BaseCampTrading

Moreover, the so-called experts of Base Camp Trading don’t show any proofs of their expertise. They simply share screenshots of simulated accounts and claim to be real traders. They are making fools out of their customers by making such claims. 

Two Contradictory Websites of Base Camp Trading

Base Camp Trading has two websites. The first one is basecamptrading.com, which is the home page of their company. The other one is basecamptrading.co, which is the landing page for their membership. 

Contradictory Website
Contradictory website

The homepage of their website is also the landing page for their membership program, so it’s highly suspicious as to why they have kept two different landing pages for the same product. Even the offers are the same on both websites. However, there’s a contradiction, on the first website, they claim their usual pricing is $97 a month whereas on the second website, they claim it’s $147. You can see that in the screenshots below:

Call to action on Base Camp Trading website
CTA

The image above is of their main website (basecamptrading.com). Here, you can see that they claim their usual pricing is $97. Now, below is the screenshot of their second website (basecamptrading.co):

Another CTA at their website
Contradictory pricing of BaseCampTrading

Why have such a contradiction on pricing? Plus, both of these websites are for one product. It is another indicator that Base Camp Trading is a scam, trying to loot new traders. 

Don’t Fall Prey to this Scam!!!

I’ve reached the end of my Base Camp Trading review. As you can see, this company doesn’t have any credibility to be an educational platform for traders. They are selling trash and are charging thousands of dollars for them. 

Their main product, which is their trading rooms, don’t have any real activity except fluff and useless banter. I strongly suggest you, the reader, to avoid Base Camp Trading at all costs. 

3.8 Total Score
ELABORATE SCAM

BaseCampTrading and its red flags are obvious. The combination of fake owners and expensive prices scream scam. It's advised to stay away from them!

3.4Expert Score
Trust
3.5
Customer Support
4
Pricing
3.5
Trading Experience
2.5
4.2User's score
Trust
4.2
Customer Support
4.3
Pricing
3.7
Trading Experience
4.9
CONS
  • Exorbitant prices
  • Inactive trading rooms
  • Fake owners
  • Terrible products
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58 Comments
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  1. I agree completely with MONEY who posted in January of 2023. The concept of huge expiration day theta decay is the sound basis of the strategy. But you MUST learn to use your own charting analysis to succeed. Since May 26 2023 I have been fortunate enough to be 64 winners and 1 loser (-900).

    That being said, if anyone comes up with a really profitable strategy, why would they share the secret sauce with anyone, who could tell others, creating a hugely competitive market. No it makes more sense to never fully reveal it so people fail and subscribe to a “service” or become leashed into buying more and more “advanced” courses.

  2. 4.1
    Trust
    80
    Customer Support
    90
    Pricing
    70
    Trading Experience
    90

    I was almost scared by this review…

    …until I realized it was easily disproven with a minimal amount of research.

    You can see 10 year old videos on their youtube page. It just looks like they changed their name from valuecharts to basecamptrading.

    Since this is SO easily found, I can only think that this reviewer is a competitor or someone trying to bad mouth them.

    I wish I could review the review.

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  3. This is a Followup on my post on June 25 2023

    I am now 52 live trades in and have 51 winners and 1 loser. The winners netted me about 290 per trade after commissions and the loser was 1500 dollars.

    Again proper analysis of price volume indicators in real time is the key to entering and exiting. Indicators are too slow and based on stale data. Even MACD is too slow.

    Start learning about price volume action and it is all you need to enter and exit.

    Good luck

  4. 4.5
    Trust
    80
    Customer Support
    100
    Pricing
    80
    Trading Experience
    100

    Thomas Wood is a GREAT trader and anyone that has trading discipline can retire trading with him.

    + PROS: They are incredible traders - learn from them and retire
    - CONS: ZERO CONS
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  5. 4.6
    Trust
    100
    Customer Support
    90
    Pricing
    80
    Trading Experience
    100

    So I have been with BCT since about last October, so I have a pretty good feel for it. I find most of these so-called ‘reviews’ to be fairly spurious, perhaps even fake. Some people won’t listen to good advice – from dave for instance – and they continue to make the same mistakes. If you can’t take advice, then don’t trade. I see over and over in the trading room – “the price is moving against me in my 11-hr trade. what do i do now?” (and they are like 10 points away) Well… Dave first asks them, ‘have you taken the training? You should not be doing 11-hr trades if you don’t understand the system. YOu should have been defending your position way before now.’ He will also make trades IN THE ROOM (I don’t know what these guys are talking about – that he never proves the concept – I have seen it over and over). So… if you can’t ‘learn’ and are stuck in your ways, or you just aren’t cut out for trading, then yes, you should stay away and not give BCT a bad rep because you just can’t cut it. I believe it is a fair price to participate in the trading room and you do learn a lot about the fundamentals of trading. This in fact, is the first trading room I have been in where Dave (I haven’t spent much time in THomas’ room yet) actually teaches you concepts during dull market price action, and it is invaluable. Most of my losses are due to my own lack of experience. I have done many 11-hr trades and I have done a number of Matrix trades as well – I like them both. Have I made $$? Yes, Have I lost $$? Yes. But again, Dave stresses over and over how you MUST learn how to day trade so that you can defend your positions IF NECESSARY. It is rarely necessary, but sometimes it just is… So… final analysis… so far, so good. I like these folks a lot. I don’t know anything about the intensives and haven’t taken any thus far and it will not be so until I am very profitable (just the way I want to do it). Several of their courses are excellent.

    + PROS: professional, courteous, costs are reasonable if you ask me
    - CONS: the skill of trading is perhaps not quite so easy as some of their promos make it out to be - I'll give you that. Otherwise, none yet.
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  6. I learned the concept and agreed with the 11 hour trade. It works and I have 11 trades clearing 2700 after commissions in the last 3 weeks with no losers even on the day of the Fed announcement recently. I think the use of ANY indicator is too slow a response time to this trade which is basically a Day trade but with less necessity to stare at the screen every minute until the trade is done. The main gripe is not with the theory of the trade but with selling you the idea to buy or use an indicator such as MACD or MQ momentum. This is because these react too slowly. What you need in this trade is a knowledge of Price Volume action because this informs you in real time. The expiration-day theta decay is enormous enough even to overcome price action that goes against your position, so generally if you survive the trade day and the open of expiration day until 7 PDT, your trade will succeed. But you must use PRICE VOLUME action to select and determine if your trade is in jeopardy. That said, you MUST USE PRICE VOLUME action in real time for success and not depend on indicators and alerts

  7. 0.5
    Trust
    10
    Customer Support
    10
    Pricing
    10
    Trading Experience
    10

    One of the participant said it clearly, “Aquinas are you trading with your money or paper money”. This was to be a great system but in practice they are deceiving, confusing in expressing their trades and use the attitude of “You Did not research this enough and that’s why You lost money”. I am expecting a Class Action soon on this free enterprise.

    + PROS: Not good if they have to loose so much money in following bad advise.
    - CONS: Again, they are confusing, give bad advise and refuse to prorated cancellation credit.
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  8. Thanks for sharing this. I was just about to make the payment, but when I realized that the $7 offer would expire if I closed the page, I decided not to proceed with the purchase. As a general rule, I never buy anything if the offer is about to expire. I then did some research and, unsurprisingly, it appears to be another scam.

  9. 3.75
    Trust
    100
    Customer Support
    100
    Pricing
    0
    Trading Experience
    100

    I just 10/17 paid $7.00 based on visiting their site and seeing their video that deals with options trading attaining knowledge, I go to my login page and all I get is a rehash of the page I just finished, not even a mention of options which is the only subject I’m interested in from them, so I’m waiting for them to respond to a chat I sent and if they don’t take me to options training/info I’ll just ask for a refund and if they don’t give it I’ll just file a claim with my bank. I also noticed that they were offering videos on subjects I have no interest in, and on the intro video, Mr. Aquino was going on and on about options and they haven’t shown me a thing about that subject

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  10. I make it a habit to search reviews on products that suck me in and i m so glad I found your site. You do awesome work God bless you. you are saving thousands of people from getting scammed . Bravo…..Please keep up the great work. We need sire like this

  11. 1.1
    Trust
    10
    Customer Support
    10
    Pricing
    10
    Trading Experience
    60

    These yahoos give you the instructions for the 11 hour credit spread but, man, this trade better not go against you or it can cost thousands to close it when your profit target was $100. Typical credit is 25c so if you do four 5-wide spreads, that’s $1900 at risk to make $100. So they either give you the introductory 11 hour information or possibly discount it, but the course with the risk mitigation (Advanced 11 hour trades) retails at $500. That’s like handing a child a loaded gun. Want a gun lock with that? $500 please. The trading room never reveals the trade repair for the trades that are recommended to subscribers. I’ve never been a part of a service that didn’t fully reveal the rules of the trades they feed to subscribers. This, in my humble opinion, is a very sleazy practice.

    + PROS: None
    - CONS: Many
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  12. 3.6
    Trust
    90
    Customer Support
    100
    Pricing
    10
    Trading Experience
    90

    Dang, there sure is a ton of negative replies. I can not speak for everyone. But I have made money consistently using their techniques. I don’t expect an indicator to be a crystal ball, I also don’t expect someone to pick my trades. I use what they suggest in terms of techniques and do my own charting and trade setups. Nothing will take the place of learning how to do your own work. Reading charts is a skill and no indicator will give you a green or red light.

    How many of the upset people are mad because they lost a trade? Listen, I get it. It is easy to point fingers. However, who lost the trade? You must learn how to manage your account and positions. No one else will do this for you.

    + PROS: Simple to understand trading strategies. Easy to listen to when in the trade room with very little noise.
    - CONS: Indicator and class prices are high. Their approach is easy but I think they could be a little more detailed.
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  13. Not showing trading screen in rooms is also my issue. I always hear Gary say , I entered at ####, but no live screen is ever shown. I can be a 100% profitable calling hind sight. There are many reputable companies to learn trading. This is not one of those.

  14. 1.25
    Trust
    20
    Customer Support
    0
    Pricing
    80
    Trading Experience
    0

    So I posted back in August and said I’d check back in September — I’m finally getting back here. I’ve been trading the 11 Hour strategy in the simulator and now live for the past two months. I did a few at 10 contracts and a few at 5 contracts in the sim, and most live trades were at 1 contract with a few at 3 contracts. You can see the stats below. All in all, the stats are good.

    The strategy is not unknown but it is a bit on the unusual end of Options trading. So you are not buying the strategy. No matter what you trade or what strategy you use, of course, one has to be good at picking the right stocks for the strategy and good at reading the charts. You are paying for him to find the stocks, read the charts, and give you an entry point. I can’t tell you if he is any good at that or not. I can only verify that the strategy is valid and a money maker with good metrics given the right stocks and correct chart reading.

    The stats below are not statistically significant unless you add them together. I’ll leave that to you.

    Stats for the sim:
    Total gain/loss: $689.00
    Largest loss: $-77.00
    Largest gain: $240.00
    Total number of trades: 19
    Profit factor: 5.66
    Number of winning trades: 16 Or a Win/Loss of 84.2%

    Stats for live trading:
    Total gain/loss: $580.00
    Largest gain: $123.00
    Largest loss: $-17.00
    Total number of trades: 18
    Profit factor: 15.50
    Number of winning trades: 14 Or a Win/Loss of 77.8%

    + PROS: Price is in the ball park of similar offers and in terms of a return on investment, I think it seems fair. Did not use Customer Support and I have no idea if I'm being asked for my own trading experience or Dave's.
    - CONS: I do not trust anyone's claims without a statement from a known accounting firm attesting to the veracity of the claims made.
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  15. I was just about ready to pull the trigger and purchase about $2200 in services from them and decided I wanted to see some audited trading accounts first — ended up here.

    I’ve been trading for several years full time with only limited success. And by “Trade” I mean from 6:30AM ET to 4PM ET and about four hours each day on the weekends. Most of the time is spent studying, coming up with and testing scans for stocks to trade, coming up with ideas for a strategy and back testing them or testing real-time in a simulator, and of course, just waiting for the setup or the resolution to a trade.

    I listened to the 11 Hour Options hook and have tried it out on three trades so far (yeah, clearly not enough to be statistically relevant) and all three trades were successful. I am using all of August ’21 to test the 11 Hour strategy on a live feed simulator and while I don’t expect 95%+ success rate, I’m guessing it can be a lucrative strategy. I’ll check back with results in early September.

    In the mean time, I’m disregarding almost all of the complaints here as they sound like “give-me-a-pill-that-gets-me-rich-quick-while-I’m-sucking-down-a-420-cloud” complaints. Trading is a business and you should expect to take several years of 10×7 hours and $10k to get it going. To expect less effort is a dream.

    But at the same time I’ll be attempting to track down some audited trading accounts of Dave A and the others for a bit of confidence in their product.

  16. As I’ve pointed out many times before, you have to ask yourself, when considering buying one of these trading education ‘services’ that charge monthly fees for trade rooms, etc – IF THEY ARE SO SMART AND SUCCESSFUL AT TRADING – WHY THE HECK SHARE I WITH ANYONE ELSE? Just trade all the time, make $Millions, and move to the French Riviera or buy a private island? The answer is this – all these so called trading ‘gurus’ don’t make a dime trading – they rake in money selling their ‘snake oil’ courses, indicators, memberships, etc, which is 100% profitable – never losing a dime. That’s why they won’t publish their professional resumes, so you can check on their prior experience (oh yeah – “I worked for a hedge fund on Wall St” – pure BS. Hedge fund managers that are experienced and successful traders don’t leave their firms and go online and sell trading courses. That’s like a trained surgeon who works for years to train in surgery, saying, I’ll now set up a website and teach people how to perform surgery, because I like to teach. I had to laugh at T. Wood’s intro where he said his father got him into trading after he lost $100K’s in the market trading, using money from his construction co. Now if your father lost $100K’s in the market, would he be telling his son to do the same thing and become a trader? No! He’d whip your ass until it was black and blue so you wouldn’t lose all your savings like he did. Give me a break! Find an experienced mentor, read books on trading, and learn high probability trading like option credit spreads – using a paper account until you get experienced and can make a profit on 70-80% of your trades. And please – STAY OUT OF TRADING ROOMS! Successful traders work independently after they have gained enough experience putting on successful trades. All these gurus and their trading rooms will only do one thing – put your hard earned money in their pockets while they laugh all the way to the bank.

  17. 11 HOUR OPTIONS ARE SORT OF A SCAM AS MANY TIMES YOU DO NOT GET FILLED AND DAVE HIMSELF AGREES THAT YOU MOST REMOVE YOUR STOP ORDER FOT THE MARKET OPEN NEXT MORNING AND THERE IS NO GURRANTEE THAT IN THE FIRST 15 MINUTES THE SPX WILL MOVE AGAINST YOUR CREDIT SPREAD AND YOU WONT BE ABLE TO GET A NEW STOP ON WITHOUT A HUGE LOSS
    AND IF YOU ARE SELLING 100 SPREADS PER EXPIRATION AND HAVE A 3X STOP BY THE TIME YOU ACTUALLY SELL AND GET RID OF YOUR SPREADS YOU MIGHT ALREADY HAVE COME VERY CLOSE TO MAXIMUM LOSS OF $50000

  18. 0.75
    Trust
    10
    Customer Support
    40
    Pricing
    0
    Trading Experience
    10

    dave aquina from basecamp trading has what he calls matrix spread course he claims that at delta 10 you can get $1.2 meaning $120 per option contract . I TRIED MANY X AND ONLY WAS ABLE TO GET .25 CENTS !!!! HE LIES AND SAYS THAT ONE NEEDS TO USE KELTER CHANNEL AND OTHER INDICATORS TO KNOW THE DIRECTION OF SPX IS GOING IN THE OPPOSITE DIRECTION OF YOUR CREDIT SPREAD BUT THE REALITY IS THAT ONLY WHEN SPX IS GOING TOWARDS YOUR CREDIT SPREAD DO YOU STAND A CHANCE TO GET THE PREMIUM HE SWEET TALKS YOU INTO THINKING YOU WILL GET

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  19. Most of these reviews have mentioned the scamming part of this company. This is a pretty clear sign to stay away. This post really helped me.

  20. 0.75
    Trust
    10
    Customer Support
    10
    Pricing
    20
    Trading Experience
    20

    Base Camp Trading is probably one of the worst firms out there. My experience with them was pretty bad, because I had no idea they would turn out to be such scammers. The trading room was hella disappointing. I thought I would get to learn some advanced concepts about trading but nope, there wasn’t anything to learn. Don’t waste your money on these guys. You’d regret it sooner or later.

    Helpful(10) Unhelpful(0)You have already voted this
    • Most of these reviews have mentioned the scamming part of this company. This is a pretty clear sound to stay away.

  21. 3.5
    Trust
    40
    Customer Support
    90
    Pricing
    70
    Trading Experience
    80

    I too purchased the Impulse Trade course along with a few others and added suggested indicators. Spent well over $4000 and stayed with them for over a year. Dave is an experienced trader. He calls out the trades but never discloses his P/L. So weather he takes the trades or not is a mystery. Yes he rarely follows the impulse strategy in the room.

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  22. 3
    Trust
    60
    Customer Support
    50
    Pricing
    50
    Trading Experience
    80

    I’m new to day trading and have already spent a fair amount of $ with these guys to learn, been with them for 2 months and I put my first trade on 1/27/21. I honestly do not know if they are a scam or not, and certainly do not want to blame them for my lack of success. So far my experience is not great with them, my profits are small, I have invested in single contracts no more than 4k at a time, and I have been up 2k and the lowest 700 up. I have been following mostly David, it does feel like he does apply the 11hr strategies that he teaches for that specific strategy and I do not think there is anything wrong with that one specifically (except maybe that the risk of the strategy is not very evident until you run into it, it’s of those highly successful strategies with really poor returns and huge $ risks if it goes against you). On the impulse trading, this is something that he never seems to apply, the feeling is that in the chat room he is always kind of winging it and there is no clear strategy to what he does, but that may be on my lack of understanding. About his every day profits seems to be informative and valid. David does not do a very good job answering questions though unless you take an intensive, I’ve post 5 questions to him and he always seems to miss them for some reason. About Thomas, I have been paper trading most of his findings cause I do not know exactly how he finds them, he seems to do a fair job, will know more later and come back to update you guys. About Gary, I haven’t had a lot of exposure to what he teaches, I will be looking at that next and provide an update. There was one comment above about them not showing results, Thomas does show results and trading accounts, but maybe not extremely clear on how those results were achieved. David does not show results but if you are in the chat it seems that he has profits at the end of the week. Again, no experience with Gary.

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    • well, as promised I am back to post here after my experience with the renko intensive. I did not want to post immediately just to give it some time and provide a more fair assessment after trying the strategies. Unfortunately I cannot recommend the product, the classes were just useless. There was really nothing new in them, just an overall review of everything they preach, and everything they show you on the free fishing webinars they provide. Then during the intensive is really impossible to get good timely answers to your questions, I suspect that they sell it to a lot more than 10 people so they don’t really answer any specific questions. I personally tried the strategies multiple times and you really get random results, the breakouts fail more times than they work, and there is really nothing good about them, bull flags also fail more than they work. the only strategy that works is cut your losses and let your winners run, but it does not really work well unless you have deep pockets and trade multiple contracts. I asked Gary for a live demonstration and I was told BCT does no do that, so there is no proof that anything they teach there works. Also, they tell you stick to this giant list of checks, this is high probability, you will miss trades but you have a better chance. Then they show and follow trades that are against their recommendations. My honest opinion, don’t waste your time and hard earned money with basecamptrading. The only working strategies they tell can be found in cheap books like those from van tharp or mark douglas. Hope this will avoid people wasting their money like I did.

  23. Testing – Can I post here?

  24. 1.5
    Trust
    10
    Customer Support
    0
    Pricing
    10
    Trading Experience
    100

    I was sucked into giving them $7, then they wanted more- another $47, then they wanted more! I stopped at that, did their 11 hr options training.
    I tried their methods on Tradestation. every morning, spreads weren’t filled, stop losses were not filled, their methods work in theory. In reality, their methods don’t work. If you sign up, get a disposable or pre-paid credit card, that “$7” a month will turn into an automatic “$97/month” debit, so beware.

    + PROS: They gave refund promptly without question
    - CONS: On a real tradestation platform, it doesn't work.
    Helpful(5) Unhelpful(0)You have already voted this
  25. @Greg

    interesting how all the good reviews come one after the other…

  26. 0.75
    Trust
    20
    Customer Support
    10
    Pricing
    10
    Trading Experience
    20

    After wasting thousands of dollars on their terrible courses, I don’t think anyone should waste their money on these guys. Only those people are getting any value out of Basecamp trading who don’t know anything about forex. In my experience it is more beneficial to learn from your own experience. Basecamp trading is a ripoff and I would suggest the readers to avoid this place at all costs!!!
    Basecamp is very expensive and it would be unwise to waste your money on a product so crappy like this. You are better off investing that money in something else. It’s a scam! Let me add that the customer support at Basecamp trading has treated me very poorly. So, it should give you an idea of how much those people actually care about their students (although victims would be a better word).

    + PROS: none
    - CONS: too expensive a total ripoff terrible customer support it's a scam!
    Helpful(3) Unhelpful(0)You have already voted this
  27. 4.1
    Trust
    100
    Customer Support
    100
    Pricing
    60
    Trading Experience
    70

    I’ve been a member there almost 2 years now. I’ve taken 2 intensives and several other courses and purchased a handful of indicators. They know what they’re doing and my trading and overall market knowledge has grown tenfold due to my due diligence and taking their advice.
    I learned SO much about options and the overall market thanks to Dave.
    I think some of you guys should give it another go.

    + PROS: Solid experience and make complicated strategies and theories easier to understand
    - CONS: Can cost a lot of money, but still spent less than I ever did on my college degree in finance lol
    Helpful(3) Unhelpful(3)You have already voted this
  28. 3.6
    Trust
    70
    Customer Support
    60
    Pricing
    80
    Trading Experience
    80

    I started using Basecamp a few months ago. The previous review on the 11 hour option trade is accurate but it does work. After reading many of these reviews, what most new traders don’t seem to understand is that trading is not full of “activity” You need to wait patiently for the set ups you;re looking for and take the tarde when they present themselves. In fact trading is much more waiting than anything else.

    I’ve had a very positive experience with Basecamp. Yes, their courses and Indicator can seem expensive. Take the Advanced 11 Option Course, $497. Seem like a lot, but if you have $2500 in your trading account and place a 10 contract 11 Hour Option trade, you’ll make that back before the end of the week.

    The biggest thing here is expectations, I’ve been trading for many years and have invested thousands of $ on courses and “secrets” to trading. Bottom line is if your can learn 1 strategy or technique and use it to make money from your trading plan then it was well worth it. There is no Silver Bullet, trading is just everything else in life, it take patience, practice and reflection.

    In conclusion, it is my opinion the Basecamp is not a scam if you keep things in perepsctive and put the work in.

    + PROS: Good strategies Real life application Access to traders via trading rooms
    - CONS: Can seem expensive for courses and indicators Requires patience and practice to implement the strategies
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  29. @Drew
    How is this even a review bonehead? How did the site allowed you to put a rating on a freaking opinion.

  30. 4.6
    Trust
    100
    Customer Support
    100
    Pricing
    70
    Trading Experience
    100

    Not sure what all of you guys are doing. Maybe you’re all newbies with zero options trading experience, but these guys 100% know how to trade and the vast majority of the credit spread trades they recommend are profitable (90-95%). They are absolutely not a scam. Maybe you all just suck at trading and want to blame someone. Trading successfully takes time, study and experience. These guys give all the tools to succeed if you apply them. As for the the trading rooms, they are active and very helpful. Maybe all the reviewers here work for Raging Bull or Simpler Trading (ha!). Those are two other good services. I think all of these reviewers need to go back to their day jobs.

    + PROS: Great educational materials.
    - CONS: Intensive training option is expensive.
    Helpful(7) Unhelpful(6)You have already voted this
  31. 3.1
    Trust
    30
    Customer Support
    80
    Pricing
    60
    Trading Experience
    80

    I have tried BCT and found it to be OK BUT not worth the the money you will end up spending with them in the long run. They hook you in with a cheap $7 trial and then a $95 monthly membership later on. You end up in a trading room with Dave or Thomas/Gary. Gary is the gentleman claims to have been an inconsistent trader turned $20K monthly trader through BCT and now is an employee there. I tried the options room with Dave. His claim to fame is an option trade that lasts about 11 hours. It’s a basic credit spread in SPX 3x week. You collect .20 to .25 cents on a spread. Suggest size is 20 contracts to collect $500. You are risking $10K to make $500. And although its a high probability trade when it goes against you, it can take a lot of money back from you. For that BCT trading will sell you a courses and indicators that can cost 100’s. They suggest you defend the CS going against you with neutrlizing the position but that can be very expensive. Dave calls out the trades up or down side based on his assumption of the market in the days ahead. I noticed that 50% of the time his called out strick could not be filled. Although his trade mark, he is not really too much interested in making sure that all of his traders there in the room wanting to get in on the trade get filled. He is somewhat casual about it. He calls out his day trades in the room. Which is not for a small trader. He makes a lot of money on these trades and can afford to lose $100’s bwcause he is day trading expensive tickers like SPX and AMZN. AMZN alone can rip $100’s in a matter of seconds from your account. HE’s trading breakout’s and most of the time you need to hold losing positions before they turn positive, if they ever do. He get’s out of them with smaller losses. So he will calls out a trade and then Now give it to the man that he teaches a lot of charting, trading knowledge. They often have a sale and offer 40% off these courses and indicators. So wait for that to buy any courses/indicators. Now they wil cosistentenly send you invites to webinars about courses. They discount those from web site. Dave although an experienced trader can be selective as to whom he answers back in the room. He has good and bad days, just saying, attitude wise. Spend long enough time the room and you will know what I mean. He often mentions huge trades he’s done, nothing a small accunt can do and I think has a selective group of people he gives priority to in the room.

    Overall you can/will/maybe learn but you will have to buy indicators and courses. Get ready to spend at least $5K on them.Otherwise move on to another trading group.

    BTW, their Customer service is pretty responsive.

    Good luck!

    + PROS: 11-Hour Option Income Strategy
    - CONS: Make it souond too easy to make money. There courses and indicators are not desgined for an average trader.
    Helpful(9) Unhelpful(0)You have already voted this
  32. Gregory THANK YOU! I am glad I never signed up

  33. RUN

  34. 0.75
    Trust
    10
    Customer Support
    30
    Pricing
    10
    Trading Experience
    10

    11.5.2020. Charged $7 cover charge to see rates. Scam. Went in at $697 saw this review and bailed. Got refund in 2 days from Debbie of Orlando. Customer service is all over the u.s. pnit in Naples or Raleigh. Where there is smoke there is fire. Lying About 10 years and the website is created in 2016 is b.s liars. I am out. Fast refund. Try profits run weekly paycheck, 1995, takes 2 weeks or so but 78% winn rate or Proper trading out of Chicago, real traders. Dave H is there hero. Ok. He is lucky. Run.

    + PROS: No trust
    - CONS: No trust Lying about years in business Run
    Helpful(2) Unhelpful(0)You have already voted this
  35. No problem man. That’s a good idea, I’m going to try that. Hopefully I get some good news from them.

  36. @Johnathan

    Thanks for letting me know. I am glad I have not purchased anything yet..

    If I were you I would call my bank.

  37. @Davis

    I bought the course, but it was very generic, so I asked for a refund. And I haven’t received a penny -_-

  38. @Jonathan

    What happened to you? What did they do to scam you?

  39. 1.25
    Trust
    60
    Customer Support
    10
    Pricing
    10
    Trading Experience
    20

    I trusted these guys, but now I’m just another victim of their scam. Sigh.

    - CONS: Scam
    Helpful(5) Unhelpful(2)You have already voted this
  40. 1
    Trust
    20
    Customer Support
    20
    Pricing
    20
    Trading Experience
    20

    This company is a scam. The way they are looting people and ripping off their customers is devastating. I had subscribed to their service for several months. I paid those guys hundreds of dollars to learn trading. But the course was too generic. It certainly wasn’t worth hundreds of dollars. The support staff was very unresponsive. It takes them weeks to respond to any user complaints. Let’s just say, all my money got wasted by signing up on basecamp. I don’t think anyone should lose hundreds of dollars by joining this scam.

    Helpful(3) Unhelpful(0)You have already voted this
  41. 4
    Trust
    80
    Customer Support
    80
    Pricing
    80
    Trading Experience
    80

    I have had a positive experience with this service. I went sideways at first. I had an unrealistic expectation of the service. I have purchased a few courses, and I subscribe to the $97/month service featuring access to the trading rooms and 11 hour option trades. Once I committed to working through the course material multiple times, keeping a trading log, and asking Dave questions in the trading room, my trades became more consistent. I became more consistent when I took Dave’s advice and began focusing on truly understanding my trading approach and really learning/understanding what I am comfortable with in terms of risk/reward in my trades. Once I understood one technique and its application, it has become rinse and repeat. It has led to a slow but consistent trading approach that has worked for me. There is am necessary element of personal accountability required to grow as a trader that I don’t see represented in the other posts here. I have had no issues with customer support. I also find the trading rooms helpful. One of the best signs of trading growth I can reference is that I routinely don’t take re commended trades now because I determine they are outside of my risk/reward profile.

    Helpful(7) Unhelpful(1)You have already voted this
    • Exactly right, I have been @ BCT for 4 years, have become a much better and consistent trader. CS has ALWAYS gotten back to me within 24 hours. Agree on personal responsibility. If you are not willing to do the work, no membership anywhere is going to make you happy. 4 Stars here also.

  42. 0.5
    Trust
    0
    Customer Support
    10
    Pricing
    20
    Trading Experience
    10

    Base camp trading drew me in with the understanding that I could trade and earn money with a small account. They also sold me thousands of dollars in courses that in the end were of no value due to account size. I am currently paying for a course and asked for a refund they have refused even though I have not received anything related to this product. I learned that this operation makes trades that require a minimum of $25,000 or more in your brokerage account. This is clearly a scam. These people should be stopped from stealing the money of unsuspecting traders. I want to make this fraud public.

    Helpful(6) Unhelpful(2)You have already voted this
    • I trade the 11-hour option trades with a 5k account, not that hard, just a smaller size. I also defend my positions using the ES AND ES Mini as there are no PDT rules in the futures market. I will agree they are a constant sales pitch but you can learn a lot from Thomas and Dave, Gary has since left. As far as courses go their price is a little high and don’t like the fact that if you want to take the course again they charge you, unlike Sang Lucci where I can take the class again whenever the host a new one free of charge.

  43. @Karen401 I emailed them asking for track record and they would not provide it. Just like the other mentioned. They wouldn’t even give a free trial to see if it’s worth $7. I am glad I found this post. I will skip base camp trading.

  44. @Terrell, I don’t think you’d hear anything positive about BaseCamp’s service from me. Their customer support is unresponsive and only responds with automated messages. These people don’t give a d*mn about their customers. I don’t think it’s okay for a company like BaseCampTrading to operate like this, remaining deaf to complaints while providing them with a faulty product.

  45. 1.1
    Trust
    20
    Customer Support
    20
    Pricing
    30
    Trading Experience
    20

    I had BaseCampTrading’s subscription for 4 months, and it was the worst! Why didn’t I find this review before? These people are lying to everyone else about their forums and products. I used the forum for the entire duration I had the subscription and it was filled with bots all the time. The course was pretty boring and I wasn’t interested in the indicators. Never trust someone else to make the trades for you, that’s what I believe at least. But when I signed up with BaseCamp I thought I would get to talk to other traders and become a part of a community. I was wrong because when I got there I only found a bunch of bots spamming everyone with links to shady sites. BaseCampTrading’s owners have let their platform rot. It’s soiled.
    Either its owners have done it deliberately, or they don’t care about their customers. In any case, this is the worst place to spend your money on. NOT RECOMMENDED

    - CONS: Careless ownership Forum filled with bots who post spam links to shady websites
    Helpful(7) Unhelpful(1)You have already voted this
  46. Could everyone who had a bad experience tell me what they liked about the service?

  47. 0.75
    Trust
    20
    Customer Support
    10
    Pricing
    20
    Trading Experience
    10

    BaseCamp Trading is STILL running?! I signed up for them last year and it didn’t take me long to realize that they are a scam. They took $150 from me at the time and within a few months, I opted out of Base Camp Trading because I realized it wasn’t worth it.
    I complained to them multiple times but they didn’t do anything. The problem was in the forum and the course was mostly fluff. Even though I requested for a refund multiple times, those thieves never processed it at all.
    I’m surprised to see that this scam is still running. Shame.

    - CONS: Not worth the money
    Helpful(8) Unhelpful(1)You have already voted this
  48. 1
    Trust
    10
    Customer Support
    10
    Pricing
    40
    Trading Experience
    20

    I WANT A REFUND!! The consultations suck!!
    I paid $450 for a two-hour consultation but I never got the session at all. I paid for it last month and I’m yet to talk to anyone from Base Camp Trading. These people are frauds. They will take your money and run away. I’ve sent them numerous emails and have even asked about my consultation session in the forum, but they don’t do anything. The forums are worse. No one acknowledges anything you say. Plus, it’s filled with spam bots who send you links and stuff by sending you DMs. It’s all a nightmare at Base Camp Trading. One of the main reasons why I even signed up on Base Camp Trading was their forum. I thought I would get to talk with some experienced forex traders who might teach me valuable stuff. But instead, all I got was a bunch of spam bots who post various shady links on the forum and send me terrible links directly.
    The customer service of this company is terrible. I think it doesn’t even exist because no matter how many emails I send their way, they never reply. Either those people have no one working for the customer support, or they are deliberately ignoring refund requests. In either case, it’s BAD. I want my $450 back!! And I don’t want to hear any excuses any more. I have waited for weeks and still haven’t heard anything. If anyone from Base Camp is reading this review, please, issue my refund. I don’t think there are many people who even buy those expensive consultations.

    - CONS: No customer support exists Terrible people Not responding to refund requests
    Helpful(7) Unhelpful(1)You have already voted this
  49. 1.1
    Trust
    20
    Customer Support
    20
    Pricing
    30
    Trading Experience
    20

    Base Camp Trading needs to do something about its community. There’s nothing except silence. It gets so irritating. Some people have started using that forum to spam other people and promote their links. Maybe there was a time when Base Camp Trading was a nice place and all, but now, it’s just a disappointment.
    When I signed up on Base Camp Trading, I hoped to get a lot of value out of it. They market it as if you’ll get to learn something of value there. But in reality, Base Camp Trading is only a scam which makes people ‘think’ they are learning something good. The course was filled with useless fluff and even though I watched the entire course, I didn’t learn anything that was unique or exclusive. Anyone could learn the same stuff by watching a bunch of videos on forex trading. Remember folks, trading is all about practice and experience. The more you’ll trade, the more you’ll learn. Don’t waste your money on this nonsense. Instead, spend your money on your trading account and gain experience.

    - CONS: Base camp trading is a scam, nothing else
    Helpful(5) Unhelpful(0)You have already voted this
  50. I’m kinda sad to find this review. I was hoping base camp trading would be legit. It really is a bummer.

  51. 1.1
    Trust
    10
    Customer Support
    10
    Pricing
    60
    Trading Experience
    10

    I wish I would have found this review before. Everything you have mentioned here is so true. I had signed up for Base Camp Trading a few months ago and at that time, there were only fake positive reviews present on the web for this company. So I believed they are amazing.
    But the trading rooms at that place are really the worst. There is literally zero activity there. I had asked 3-4 questions there but I didn’t get any response. I had no interest in their course, so the subscription was pretty useless for me. Not recommended.

    - CONS: Zero activity in trading rooms A scam
    Helpful(7) Unhelpful(0)You have already voted this
  52. 1
    Trust
    30
    Customer Support
    10
    Pricing
    10
    Trading Experience
    30

    BEWARE! THESE GUYS DO NOT REFUND YOUR MONEY. ONCE YOU SPEND IT ON THE WEBSITE, THERE’S NO WAY YOU’LL GET A REFUND FROM THEM. THEY TOOK $497.00 FROM ME FOR THE “ADVANCED 11-HOUR OPTIONS” AND WHEN I ASKED FOR A REFUND THEY DENIED IT.

    - CONS: Refund Fraud
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