the Najarian Brothers. Najarian Brothers review. Are the Najarian brothers, Jon Najarian and Pete Najarian
legitimate? David Jaffee with BestStockStrategy.com you can visit
BestStockStrategy.com enter in your email address and receive over $400 dollars of
valuable free options trading materials in this video I'm going to provide you
with my opinion on whether the Najarian Brothers are legitimate there is also
going to be additional information that I'm going to include from reviews and
other things that I want you to take into account in my opinion the Najarian
Brothers are not legitimate but at the same time I definitely do not believe
that they are scam artists or frauds they built up a business I believe it
was TradeMONSTER which they then sold to a larger brokerage so they are
successful businessmen however at the same time I definitely do not believe
that the advice that they provide to people is going to help those people and
those followers make money in fact I actually believe that the advice that
they provide would actually cause people to lose money
they encourage people to buy options which is a horrible strategy because it
essentially encourages people to buy lottery tickets and the probability of
profit is substantially negative additionally they encourage people to
utilize technical analysis so for these two reasons I definitely believe that
the Najarian Brothers are not providing sound advice and I also believe that
virtually everyone who follows the advice of the Najarian Brothers are
going to lose money I have been contacted by a few people via email and
they provided me with some anecdotal stories of them going to conferences and
then being hard sold into programs from the Najarian Brothers that cost anywhere
from 10 to 20 thousand dollars these programs encourage people to buy options
and use technical analysis in my opinion the Najarian Brothers are leveraging
their platform on CNBC in order to market these programs at
these conferences that in my opinion are completely bogus because I believe that
the followers who are roped into these conferences and who enroll in the
programs that are sponsored by the Najarian Brothers are going to lose
money because they are going to be buying options and using technical
analysis so again in my opinion I believe that the Najarian Brothers are
leveraging their platform from CNBC and leveraging their fame in order to sell
people what I perceive to be bogus programs that are going to cause people
who enroll in these programs to lose money David Jaffee with BestStockStrategy.com
Leave a comment below and let me know your thoughts about the
Najarian Brothers again it is very important to remember that these people
are not frauds they're not scam artists they did build a legitimate business
which was then sold to a larger brokerage but right now I am simply
judging them based upon do they have valuable information that they can share
with their followers to help their followers actually make money and the
response to that question in my opinion is that no they do not because I believe
that people who enroll in their program and follow their trading system from
Jon and Pete Najarian are going to end up losing money David Jaffee with
BestStockStrategy.com leave a comment below I respond to everyone's comments and let
me know your thoughts on Jon and Pete Najarian and whether you believe that
they are legitimate or whether you believe that they are simply trying to
sell a bogus product
here is a website that Jon and Pete Najarian have been pushing hard
it's called market rebellion at market rebellion calm on the one hand I have a
lot of respect for Jon and Pete Najarian because they started OptionMONSTER
and TradeMONSTER. TradeMONSTER is, or was, a legitimate brokerage
and it was bought out I think it was tucked into options house which was
later acquired in a strategic acquisition by etrade so Jon and Pete
and Arian are extremely wealthy they're probably worth anywhere from fifty to a
hundred million dollars and I view them in a similar light to how I look at Tom
Sosnoff often that there are entrepreneurs and they build businesses
now while Tom Sosnoff went on to found tasty trade and tasty works and he's a
big proponent of selling options it seems like Jon Najarian and Pete Najarian
are encouraging their followers to buy options and to me that's a big problem
because anytime you try to buy insurance and you try to buy speculative assets
with the hope of making money from it the expected payoff is going to be
negative so yes it's true you might swing it a random pitch and you might
end up hitting a home run but the longer you play and the longer you actually buy
options the higher the probability is that you're going to lose money because
then the expected outcome every single time you buy options is always going to
be negative and I know that many people are going to disagree with me but I
definitely do not believe that any technical analysis or anything of that
nature is going to substantially increase your odds to the point where
buying options is going to be profitable and this is my main problem with Jon Najarian
and Pete Nazarian and that they encourage their followers to buy lottery
tickets and to try to hit a home run which in my opinion is going to cause
virtually all of their followers to lose money and I'm kind of surprised that
Jon Najarian and Pete Najarian who are potentially worth twenty-five to fifty
to a hundred million dollars are going to lead their followers to potentially
lose money because that's the expected outcome when you buy options you are
going to lose money now a big red flag is that they're also heavily involved in
cryptocurrency you can see right here they have crypto crypto crypto news
education videos etc so in any case market rebellion I do definitely have a
lot of respect for Jon and Pete and Arian I have less respect for them than
I have for Tom Sosnoff because Tom Sosnoff I believe that he has very
good intent and even though I don't agree with Tom Sosnoff's strategy in
that he encourages his followers to trade often and to keep negative Delta I
definitely believe that Tom overall has good intent where I definitely do
question the intent of Jon and Pete Najarian I'm not sure whether they have
simply gone soft whether they've gone through some bad times and they really
need the money and they have bad spending habits but in any case I can
tell you that buying options is an extremely easy way to lose money and
obviously I've never seen any of their trading statements and I definitely
believe that they are not profitable traders because buying options has a
negative expected value it's a really easy way to lose money I don't see their
trading statements on here at all I don't see I mean look they have some
self-reported trades which in my opinion is complete bullshit all right I'm gonna
email them right now and ask them for their trading statements so I'm on their
contact form and I obviously do not see any trading statements from Jon and
Pete Najarian and I'm sending in the contact form request so that I can
obtain a screen recording or their trading statements to see whether they
are consistently profitable traders in my opinion I believe that they are
losing traders and I believe that they do not make money by trading options so
this is what I wrote them buying options has a negative expected outcome can you
provide me with your full trading statements or a screen recording from
legitimate brokerage so that I can see your performance prior to purchasing
thanks and thanks for contacting us alright great so I sent a message and
I'll keep you updated and let you know whether they send me their full trading
statements or a screen recording that shows all of their trades in my opinion
Jon and Pete Megerian are not successful traders I believe that
everyone who follows Jon Najarian and Pete and cherien are going to lose money and in
my opinion the reason why they will lose money is because they encourage their
followers to buy options which is an extremely easy way to lose money so here
we have the Najarians and we have their book on Amazon you can see some of the
reviews a lot of people call it a scam they say you can't unsubscribe unless
you call and nobody ever answers or gets back to you waste the time and money not
enough substance here a little piece of crap pretty much what a lot of people do
is they will a lot of these fake gurus they'll use a book as a lead generation
device just to get and capture your information and then they won't put
anything in the book of value as someone's a terrible book and a waste of
time and money and said what they'll do is they'll incessantly market themselves
in the book and use it as marketing materials in order to sell you and to
upsell you into a very expensive course or something like that this person said
that it's not worth 10 cents you can learn everything in the book elsewhere
beware usual scam tactics so cagey on Amazon called this a scam rancher Chris
said don't waste your time and money a lot of people said be careful or one
person said be extremely careful dealing with them this book is meant to get you
into their education program so then I had to call the credit card company to
stop charges they ran the dispute process and lied to the credit card
company about my status so it looks like they're playing some games with the
credit card that could actually get them in trouble with the FTC this book is
disappointing or it's a disappointment in addition to the christen criticism
below it is clear that there's lack of effort telemarketer employ
these guys are on the fast money TV show they tell you about unusual activity
they see in a certain stock but by the time you check it out it's too late so
pretty much they use this as an upsell in order to get you into extremely
expensive and what I perceive to be overpriced coaching which as I've
detailed earlier does not work and is going to cause her followers to lose
money here it says just scan through the reviews here and then buy a better book
than this again as I said I believe that this book is filled with just marketing
materials and that there's nothing of substance or value in this book I'm sure
the Najarians are nice to hang with but their OptionMONSTER website is a
well-oiled machine to make money on options your money the book is a sales
tool in that business model along with their appearance and CNBC I mean this
person essentially mirrors exactly what I'm saying what a terrible simplistic
book horrible I could give 0 stars I would let cetera so I would highly
recommend that you stay away from the Najarians