Does Spotgamma work? Honest Review

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Steve Patterson is a veteran Floor Trader and Prop Firm Trader with 40 years of REAL professional trading experience. Steve specializes in Wall Street trading strategies including reading "Institutional Order Flow", Buying and Selling "Institutional Value", and Market Maker Gamma Hedging.

Over the last three decades, Steve has trained thousands of traders worldwide in Stocks, Options, Futures and the Forex markets trading.

Steve has one goal… To transform you into the most profitable trader that you are capable of being!

Do you want to [hopefully] make a few hundred dollars a week learning from dime-a-dozen “YouTube Gurus” who will teach you more Support, Resistance, Moving Average and RSI [Retail] trading tactics?

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That's not a trick question.

[TheEarlVix]

After finding this 7 months after it was published, I have to thank you Steve for your honest review of SpotGamma.

I've joined your fan club now :-)

[micahthompson]

Appreciate the insight Steve. My experience was the same. I wanted the HIRO line in particular to be predictive as I trade only the ES on a 1 minute charts.(reference a larger chart). Since it wasn't nearly consistently correlated and not nearly as intuitive as some other custom Tools I created, I let the subscription go. I'm still open to any gamma Tool that can exceed what I already use after trading 25+ years. But only if it can provide a distinct edge or advantage over my custom tools. I'm very satisfied with my Tools, but am a constant learner. :)

[vladimirlerner]

Steve is a great trader. I have watched him pull money out of the markets and made quite a bit of money from his trading room

[skyisblue]

Thanks for the video. I virtually simulated how I would use Hiro chart while watching your video. My put credit spread would be stopped out many times if I rely on the indicator

[qkuphpt]

I expected this to be a review culminating with an affiliate link to SG. Thanks for an honest review, sir.

[jimcasper]

I was a subscriber for few months. Traded SPX during that period and was a net loss for me.
They publish AM report about market and every metrics in that may suggest bullish or bearish bias. Depending on what happens PM report will explain why it was a winner or what external events/reasons turned the market in opposite direction then what the AM report had suggested .
End of the day the report was no different than flipping coin .
And yes HIRO indicator is erroneous.
It did not work for me and in the Discord group discussion suggested the same experience for most traders .

[holyearth]

Amazing video and finally someone shedding light on these services. I'm so tired of "Insta Furus" and these paid services that claim to offer an edge. For the record I WAS a subscriber of SG and Tradytics and Cheddarflow and so many of these other services. I have been in Steve's shoes. And I am writing this to save others money and

[FreeMarketSwine]

Have you looked at any other similar services? I've looked at a few (but yet to pay for any) and specifically got the feeling that SpotGamma was the worst of them. Some of the others attempt to quantify buying and selling at individual strike prices, e.g., Tradytics and Volland that I'm aware of.

[johnj.]

hiro is a delta exposure indication which is not reliable with many false signals.... the main point of gex is dealers positioning/expected delta hedging from dealers/whales which gives you an gl

[rakid]

Spotgamma Hiro indicator is junk.I used Spotgamma services for more than 2 years. Not a member anymore. Btw- same applies to Tradytics MNF also

[nick_g]

unusual whales offers everything spotgamma does and more for way less. they've effectively made spotgamma obsolete

[wolfbaschung]

I was one of the early subscribers and paid $35 /mo, which was easy to hang on to. I only trade the ES and so I just subscribed to the daily levels. For a long time, I had them on my chart because price did seem to course from level to level, in a broad way and I thought their version of the expected move was somehow superior to what I could get on TOS (not). In the beginning, they were also more ES friendly in their commentary. However, over the years it just became more and more opaque, less and less ES friendly (every day you have to check the SPX / ES differential to make sense of anything they write), and when I finally figured out some real edges to trade it fell by the wayside. I unsubscribed last month. I still get weekly emails and when I read them they strike me as hopelessly meaningless.

[sheana]

That's a lot of money to pay for something that isn't reliable. Thanks, Steve, for your work in making this video.

[timc]

I emailed spotgamma about this, and there response is the following: "The main thing HIRO is tabulating is aggressor flow from buys hitting the ask and sells hitting the bid. This comes directly from metadata signatures from the vendor (OPRA) which means that no assumptions are required" and "HIRO does not pertain to volume whatsoever, only net cumulative deltas (directional hedging pressure on market makers), which is mostly from measuring aggressor flow."

I don't really know what this means as the two sentences seem to contradict each other. I'm guessing that the HIRO indicator is simply cumulative delta and doesn't include resting orders/icebergs etc. And cumulative delta has a, lot of limitations so it doesn't seem too speacial at all (if my understanding of it is correct).

[marksanchez]

I've found the large gamma levels for Single Big 5 equities on equity hub - complemented with coincident large liquidity levels in bookmap to be really strong in "reversion to mean" opportunities. I cant' speak to the efficacy of HIRO, but sound like you were pretty pissed off about it, Steve.

[biggg.smile.verified]

A misleading representation of a what a service is offering from an individual who wants you to join his service…

My question is if you are a 40 year plus trader and are so successful why charge to teach others?

[jameshipp]

Having no backtesting seems like a pretty big red flag!

[jonathanlee]

👍Thanks.👍 Btw, from your (excellent) examples, could it be said that Gamma is a better indicator in the second half of the trading day ?

[keithf]

Thanks for this review. I had SG for a year and I came to the same conclusion....50/50 at best. Not worth it.

[shawnclark]

It almost looks like the S&P is leading the Hiro indicator. Putting pressure on it. I found the same thing with TICK and SPX. SPX leads TICK from what I can tell. Which makes sense because the SPX leads the whole market around by the nose. You make a great point about the correlations with other markets. I think edge is best acquired by gathering several things together and using them to improve each other.