Echo Trades is a trading program from Rob Booker and Jeffry Turnmire.
If you're here you're probably wondering if it's a scam or not.
That's what this review will answer.
Below you'll find everything you need to know about this newsletter including how much it costs, what you get and more.
You'll know if Echo Trades is right for you by the time you're done reading.
Let's get into it!
Echo Trades Summary
Creator: Rob Booker and Jeffry Turnmire
Price to join: $997 per year
Do I recommend? Not really
Overall rating: 2.5/5
Echo Trades is a trading newsletter that comes from farmer/trader Jeffry Turnmire.
This is a day trading strategy where you buy and sell stocks very quickly (profit is based on entries and exits).
I think there's some value with this newsletter but I'm not buying the hype.
Apparently Jeffry wasn't super successful with trading until 2020.
2020 was a once in a century stock market event that any person could have made money in.. so I'm not giving too much credit to the "Echo Trade" strategy yet.
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Echo Trades Vs. 2020 Stock Market
Jeffry Turnmire has been trading for 18 years.
He's had some success but in 2020 something amazing happened - he made $1.4 million dollars.
He claims it's because he discovered a new trading strategy that he calls Echo Trades.
Here's a BIG question you need to ask yourself: Did Jeffry all of a sudden figure out a new trading strategy which led to his big year or was 2020 just unlike any other year on the stock market?
I believe it's the second.
Because of Covid the stock market tanked in early 2020.
Everyone knew this was the best time ever to buy stocks and all you had to do to make money was have some money.
For example, PENN stock went down to $7 and everyone knew it was going to go back up.
A year later it was $130.
You didn't need a genius trading strategy to hit in 2020.
So I'd wait to see what kind of returns Echo Trades gets in 2021 before jumping on board.
What Kind Of Strategy Does Echo Trades Teach?
Echo Trade is basically day trading.
There's certain indicators Jeffry looks for in his charts and when a certain trend pops up (he calls an echo) he makes the trade.
The reason this is pretty much day trading is the trades have to be made immediately and you won't be holding them for that long.
Plus you'll be getting trade ideas mostly every day.
There's pros and cons to day trading but it's not my favorite way to trade.
Day trading has an extremely low success rate and only 20% of people that try it make any money.
If you day trade you're going to have to treat it like a job and execute trades everyday and sometimes multiple times a day.
Additionally, you need $25,000 in your trading account to make more than 3 trades a week.
So you can't even day trade unless you have that to trade with.
Recommended: My Favorite Place To Get Stock Ideas
What Do You Get With Echo Trades?
To get to the Echo Trades offer you have to sit through an annoying webinar.. this is how everyone is selling their digital products now.
After you sit through the webinar you then get to see what you get with Echo Trades.
Here's everything included:
- 77 echo trade alters
- Access to the Echo Trade Masterclass
- Live trading sessions with Jeffry
- Mindset training
- 5X Echo Trade
- VIP Customer support
It's important to note your echo trades don't come on a regular schedule.
You only get them if they meet certain criteria.
So you have to be flexible to succeed with this program.
Want The Best Stock Picks?
I've reviewed the best programs that do this.. to see my top pick, click below:
Who Is Echo Trades For?
Echo Trades is for anyone that wants to get into day trading and needs picks to trade.
So if you're someone that wants to maybe try day trading as a career or hobby this offer can work for you.
Keep in mind, though, you can't just day trade with any amount of money.
The law requires you to have at least $25,000 in your account.
Who ISN'T Echo Trades For?
There's a couple people that shouldn't get involved with Echo Trades.
The first is people that want to trade casually or people that want stocks they can buy and hold.
You'll be getting Echo Trades nearly everyday and you're supposed to act on them quickly.
Timing your entry is very important.
This is the opposite of buy and hold.
Additionally, if you don't have a ton of money to spend this won't work for you either.
Is It Worth Its Price?
It really depends on how you look at it.
$997 is pretty high but if you're someone that really wants to get into day trading it can be worth it.
Especially if you're just starting out.
You get stock picks and live trading sessions.. this will definitely help you grow as a trader.
But if you're just looking for good stock picks this is too expensive.
There's plenty of places to get good stock picks for much less.
Recommended: How To Get Winning Stock Picks
There's A Weird Refund Policy
On the sales page it states satisfaction is 100% guaranteed.
However, there's nothing more on the sales page that elaborates on what this means.
I went to the terms of service and found this statement about refunds:
Basically how much you get back is based on how long you were in the program.
They don't elaborate on what that means, though.
If you're in there for 1 day do you get 100% back?
If you're in there for 10 days do you only get 30% back?
They should really explain what this refund means because it doesn't seem like 100% satisfaction guaranteed to me.
What I Like About Echo Trades
Here's what I like about Echo Trades:
Some good trades
If you're selling a stock picking service you should have some good stock picks.
Apparently Jeffry was able to make over $1 million in the stock market in 2020.
Now I have some reservations about that number but it shows that his strategy may be profitable.
What I Don't Like About Echo Trades
Here's what I don't like about Echo Trades:
Profited in 2020
Apparently the creator of Echo Trades has been trading for 18 years but didn't have a very successful year until 2020.
Hmmm what happened in 2020 that could have been the source of this?
If Jeffry gets the same results in 2021 I might recommend him.. but having one successful year in a stock market crash isn't that impressive.
Not a fan of day trading
This may not be an outright day trading strategy but it is close to one. You're getting picks and entry is very important. You're also not holding them for too long.
Day trading is risky and comes with a low success rate.
Bad Refund Rate
You can't guarantee 100% satisfaction then have a refund rate that isn't 100% money back.
That's literally doing the opposite.
How much you get back depends on how long you're in the program but it isn't really elaborated on beyond that.
Is Echo Trades A Scam?
I don't know if I'd go that far.
But the whole story is kind of hard to believe..
A farmer invents a new strategy that allows him to get 4000% returns?
Maybe Jeffry is some stock savant.
Or maybe 2020 was a year that anyone with money could have cashed in on with the stock market.
Regardless, I would see what kind of returns Jeffry gets in 2021 and beyond before joining.
Let's see how he does when stocks aren't at basement prices.
Here's A Better Opportunity
I'd personally pass on Echo Trades.
The good news is there's still a lot of good places to get stock picks.
I've reviewed all the best places to get good stock ideas.
To see my favorite (which is very affordable), click below:
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