Ace Trades Review

Ace Trades
  • Honesty
    (2)
  • Quality
    (2)
  • Cost
    (1)
  • Support
    (3)
  • Verified Trades
    (1)
  • User Experience
    (3)
2

Summary

Ace does not trade. He just talks, very excitedly and fast. Admittedly, Ace is sort of fun to listen to. The Ace Trades room is more of a carnival of hustle, and Ace is the lead barker. This guy is pure hustle.

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User Review
2.4 (30 votes)
Comments Rating 0 (0 reviews)
Pros: Sitting in a trading room can be quite boring. At least Ace, with his colorful language and carnival barker style keeps things interesting.
Cons: Ace does not trade. And he admits it. He just talks about how great his system is. And that his system works in all markets, and in all time frames. Ace provides no proof of trading success whatsoever. Ace records raw market footage. Then he records a "live" trading session over market footage. Total nonsense. Charlatan.

Ace Trades Review

Welcome and thanks for reading today’s review of a day trading room and educational advisory that goes by the name Ace Trades. The Ace Trades trading room offers three items for sale. A “Gold” package that costs $3,500, a Platinum package that costs $5,500, and a Diamond package that costs $9,800. All three packages include the same set of special Ace Indicators. The only difference between the three packages is the allotted amount of time that is included with the Ace Trading Room. The gold package includes 6 months, platinum includes one year, and the diamond includes lifetime access.

Over the past year, I have received over 20 individual requests from prospective purchasers to review Ace Trades. This past June 2014, I signed up for a free, three day trial of Ace’s live day trading room. After the three day trial expired, I then signed up for subsequent free, three day trials, using an alias name and email address. Also, each subsecquent sign up used different IP addresses. I use different IP addresses to give the appearance that different people were showing up at the trading room. Experience has taught me that if a trading room moderator notices the same prospective customer continuously showing up, they will attempt to craft a narrative.

From June 2014, through April 10 2015, I collected nearly 40 full trading sessions lasting anywhere from 2-4 hours in length, for each day’s trading session. Normally, I would only record about 30 days worth of trading sessions. However, my Uncle passed away last December, and then my father passed away this past February. Both events forced me to start and stop. However, I was able to collect more than enough camtasia screen recordings that gave me plenty of material to work with.

Inside the Ace Trades Trading Room

The hallmark of a good trading room is that moderator will show their trading DOM, or entry and exit prices placed directly on top of the charts. The most preferable method is a trading DOM, which shows the live account profit and loss directly on the screen. The trading DOM also shows whether an order has actually been filled, or the order is just parked and working. From June 2014 through April 2015, not once did I ever see a trading DOM. Every single day that I recorded the trading session, I requested that a trading DOM be shown, but I was denied every single time. In addition, at the end of each trading session, I asked that Ace please show a screen shot to room participants that showed entry and exit orders. Not once was my request ever fulfilled. Finally, since I was on the nightly update that Ace sent out, I requested that he verify the day’s trading with an account statement, not once did he comply.

So what is inside the Ace Trade’s trading room? Truthfully, its hard to explain. There is no actual trading. But there is plenty of carnival barking. Let me explain: the market would start moving higher and faster and Ace would then start screaming and shouting uncontrollably throwing out all form of exciting language to tell us how the Ace Trades indicators had called it beforehand. And then, after the market had moved for awhile, Ace would then start screaming and shouting a reversal. In all honesty, there is no sense to this man, he reminds me of an out of control sportscaster. One minute he is professing how the “The Bulls are Charging! I told you!” and then the next moment, “TAKE HALF OFF, and NOW YOU NEED TO REVERSE!!!”. It was borderline insane and out of control commentary. But the more and more I listened to Ace, and as the days progressed, I began to see the genius of the marketing. And the truth about this whole Ace Trading marketing scheme is that Ace has learned that excitement is contagious, and excitement sells. And who can deny that most people that attend a trading room are looking for fun and excitement, unfortunately this is not how money is made.

A Reoccurring Pattern

Ace has no tested indicators or formula, or anything else that will give you a market edge. However, if you watch his hand crafted, after the fact, post market trading video’s, you will clearly see a reoccurring pattern of being able to perfectly call a market top and a market bottom. The level of deceit is admirable and actually quite entertaining. Most of the time, I would just sit and watch the screen recordings with disbelief than anyone with even the most minimal amount of intelligence could not spot the fraud.

Carnival Barking At Its Finest

When I was a kid, I grew up in rural California, in the flat dusty farmlands of Sacramento Valley. Lots of different Ace Trades Reviewproduce, almonds, cattle, etc. It was a boring life. Except once every year, after the harvest in fall, the carnival would show up. After the harvest was the only time anyone had any money to spend. The carnival would pitch their tents, set up rides, and have a bunch of shows and exhibits. One of the exhibits was the “actual, and real AREA 51 space alien”. Supposedly, it was smuggled out of New Mexico by a communist deserter that wanted to expose the government. The barker in front of the tent dressed up like a NASA space scientist, complete with lab coat adorned with official looking patches. At the entrance of the tent, two armed men looking very official were there to guard the exhibit.

So what was inside the tent? The first time I visited the tent, I was 11 years old. I could of went at 8 or 9, but I was too afraid. But at 11, I mustered the courage and paid the $1 entry fee. At that time $1 is now equivalent to $10 today. It was expensive for me. I distinctly remembered entering the tent. The inside was dark, but on top of a wooden table sat a glass jar that contained about 25 gallons of murky frozen water. In the center of the water was this gooey little alien, with big eyes and a mouth the size of dime. It fucking creeped me out. There was a person that guarded this frozen little alien, and he had a bad attitude and little patience. In fact, he would only allow a viewing of about two minutes before the next viewing began. While you watched the frozen little alien, the lab coated person would talk about the secrets that only he knew and how we should go and tell all of our friends before the government found out and confiscated this mysterious creature. I remember riding my bike as quickly as possible to my best friends home and telling him about the alien. Of course, he scraped together whatever money he could find and even stole a few dollars from his mothers purse, we both went back and paid once again.

The Persistent Mystery

During the next week in school, everyone was talking about that damn alien. Some thought it was fake. But why would armed men be guarding the entry? And what about the man with the lab coat and official patches on his coat? He talked with such enthusiasm and excitement that I could not help myself but be taken in, and believe everything that I was hearing.

A year came and went. But the next Fall, the carnival was back in town. How exciting! Of course, I could not wait to go and have some of my nagging questions answered about the Area 51 alien and how it came to the possession of the carnival. I distinctly remember walking up to the tent, and to my amazement, there was no longer only a single alien, there was now a single frozen alien and a live alien that the carnival kept within a cage. You could pay $1 to see the frozen alien, and $5 to see the real life alien and the frozen alien in a single show. I was so amazed and excited that I immediately spent my entire cash wad and purchased the Live Alien Experience.

Live Alien Experience

I still remember walking down the canvas corridor of the tent, where the live alien was kept. It was inside of a heavy tent. A dark tent. And the temperature within the tent was over 90 degrees and very humid. The doorman explained that the alien had come from a planet that circled close to the sun and he needed a hot environment to survive. The first exhibit was the “frozen alien”, the live alien was kept in an outrageously hot condition. In fact, when entering the live alien tent, the heat was terrible and humid and it smelled disgusting, and it was very dark. I remember thinking to myself, where is this alien and how quickly can I get out of this terribly hot tent. Of course, the live alien was sleeping under a blanket and you could just see enough of the body and face to give the impression that a creature inhabited the space. The blanket even slowly raised and fallen, as if breathing.

I Wanted To Believe

I remember the next few days at school, nobody would stop talking about the live alien experience. Some would question whether it was real, but I would always go back to the talking points established by the guy in front of the tent, wearing the lap coat. The guy wearing that coat was so exciting, so official looking, and he his excitement was so contagious. His enthusiasm is what sold me most. I remember it like yesterday, and it still makes me smile.

Ace Trades and Live Alien Experience

So what does Ace Trades have to do with the Live Alien Experience? If it were not for the very excited person in front of the tent, I would of probably not believed what I was seeing. Just like Ace Trades, he gets excited and talks in an exciting manner, and its contagious and fun to listen to. The following video is a typical video of market action with ACE. Of course, this stuff is pure nonsense. Ace will record market action, and then overlay commentary and trades over the recorded video.

[fvplayer src=”https://www.tradingschools.org/wp-content/uploads/2015/04/AceFinal.mp4″ width=”648″ height=”480″]

One Final Note

To date, I have sent Ace over 50 written requests to prove that the trades made in his videos were ever actually executed with his own trading account. Of course, he never responds. Thanks for taking the time to read this review, and don’t forget to leave a message below.

 

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mongo
Guest
mongo

“Buy side ladies and Gentlemen S&P this morning, Buy side ladies and Gentlemen”…is the heading of today’s (Aug 25th) 50 POINT haul in the S& P before NOON – holy cow ladies and gentlemen…so I busted as guy that promotes and came from another “room” and for that Ace gave me 2 extra months in the room…Should I dive in? MM

Dave
Guest
Dave

I used to go in Kingfish Steve Boyd room years ago, does anyone know where he is these days ? , it was very entertaining particularly when people got 10 point trades, I knew he went Belize but lost track of him when he went there, I am curious to know what happened to him, thanks

jake
Guest
jake

Kingfish dies a few years ago. His system worked if you modified it

BW
Guest
BW

@Davis, I have been using VP for about 7 yrs now but I used to track vol at price using my own “short hand” method. It worked quite well but the VP tools make things so much easier and more accurate. As a scalper, speed is everything and being able to switch views quickly helps me make snap decisions. I also watch the DOM but I really dont use the Time & Sales anymore. Ever since the CME said they were going to change the way they transmitted orders by breaking up large blocks in order to save bandwidth (PPPFFFFFFFFF… Read more »

DRT
Guest
DRT

Hey BW: enjoyed your comments on Ace System Appreciate your insight. Was wondering if you would share the firms you use that provide such reasonable margins for futures trading and options clearing. TD Ameritrade wants 50K to trade a five lot.
Thanks and All The Best
DRT1

Davis
Guest
Davis

BW, Thank you so much for your valuable response. You said areas of hi/low volume. Do you use Futures volume profile, Tape, foot print or something else to read and identify hi/low volume area or you just look at the chart without any volume related indicators? What exactly do you mean areas of low volume? Does it mean swing low or recent low? How does it appear on the chart? (I’m sorry if this is not a right place to ask these type of questions… ) Is there a way to learn more about AMT? a website, training or book?… Read more »

FC
Guest
FC

I’m currently finishing the last of the three day free sessions. I’m with Dan who claims to have actually put his money down and has “never been able to make the kind of money with any other system.” I set up the live trade room on the left side of my monitor and an IB chart on the right of the same contract. The trading room was NOT recorded over. It was LIVE! And while I have a problem with his calling resistance and going short for scalps in a bull market, (on June 10, 15) the scalping was profitable.… Read more »

Dan
Guest
Dan

A gold member of aces , spent 6 months in his room . Have to admitt, took awhile to understand his madness and metods of calling trades . As a trial member , u will not undestand or ever get what he teaches. It wll sound like a lot of gabage , and yes he does that for a reason. And yes it is exspensive for sure. But for those who pay and stick with him , will never see the market ( auction )the same . I agree with the post on his foul mouth , and hosring around… Read more »

Ben
Guest
Ben

I agree with you Dan, I as well bought in to the Ace system and spent around three months in his room I can see that his system works provided you spend so much time practicing his methodology on Sim mode…I am still doing that and getting better results but not happy with the results yet. Dan I would like to chat with you if you don’t mind, here is my email address shehubs@msn.com.

andy
Guest

Hi ben I’m a Ace student too floridabound1@sbcglobal.net

Jill
Guest
Jill

Hi TP – Thanks for explaining the Ace method. Could you clarify?
You used a “+” sign between 1 & 2 conditions.
Is this a combined one condition for entry OR separate conditions for entries?
ie, if market trades to either of the 4 lines noted in 1, do we take the trade in the reverse direction?
Where is the head if the right shoulder is entry? Is this an independent condition, ie, the head and shoulder can be anywhere other the 4 lines mentioned in 1?
Thank you!

TP
Guest
TP

I purchased Ace Method. Out $3500.
Basically the system is not bad on itself but there is no real secret.

This is the ACE METHOD SYSTEM
——————————————————-

***Had to redact Ace Trades System Information***

Sorry readers, Ace called me and had no problem with folks complaining, but had a real problem with anyone publishing his proprietary methods. I agree.

The review should be focused on opinion.

TP
Guest
TP

Oh i forgot to add that if you use supply and demand from Sam Heiden ( it’s free info if you google it ) and play around with those levels using NADEX BULLSPREAD you could do very well. ( vertical option spread which is simplified with Nadex. Check it out. it is Very interesting way of limiting risk and avoiding wipesawed )

KD
Guest
KD

Contact me on krupeshd@yahoo.com when you get a chance. I am thinking of signing up but had a few questions.

Stefan
Guest
Stefan

TP, you have you my consolation for your substantial loss. I wonder if the renamed generic concepts and constructs comprising the methods in the Ace “system” can be construed as proprietary any more than the renaming a potato chip as a ‘delicate sliver of exotic pomme de terre’. If you or I tried to sue or silence someone who revealed that what we were selling as ‘delicate slivers of heavenly pomme de terre’ were actually just potato chips, we’d likely be quickly dismissed and forced to pay cort costs – but someone with deeper pockets might assemble sufficient legal representation… Read more »

Stefan
Guest
Stefan

I forgot to tell TP that if he would like to share ideas on trading Nadex spreads, I can be reached at stefandemeer@tradermail.info I also forgot to give my thanks to Emmett for his review and numerous attempts to receive real information from “Ace”/Kevin. I gave up in my pursuit of information from “Kev” a lot sooner than you, and I observed enough of his free trial sessions to become borderline allergic to the words ‘super’ (“super tight risk”, “super accurate”, “super high probability”, etc.) and ‘folks’ (“folks, let me tell ya”, “you saw it here, folks”, “now folks, where… Read more »

Ko Im
Guest
Ko Im

TP if you’re unhappy or if you feel scamed, why not post a his methodology so that the world would know? If I truly felt scammed I would post his method to high heaven and I wouldn’t care what anyone said. In fact not doing so makes you comments appear untrue. Just saying.

Gail
Guest
Gail

Ace obviously threatened to sue TP for revealing his system.

D Sterns
Guest
D Sterns

If the system is fake, why fear a lawsuit? Just wondering.

mike
Guest
mike

Are you still trading with Ace trader?

ct
Guest
ct

There looks to be a live viewer feed down the left side of the video. This feed was put there after the fact and not watching the market live?

Gary Trebert
Guest
Gary Trebert

Thank you for such a thorough investigation. His barking is rather contagious and P.T.
Barnum was correct.

Gary Trebert
Guest
Gary Trebert

Thank you for such a thorough investigation. The barking is rather contagious and P.T
Barnum was correct.

David C
Guest
David C

Comments from 11 years ago still ring true … http://www.investmentbanter.com/showthread.php?t=12731 “Ace is a student of Kingfish and generally follows the Kingfish KISS method.” “I followed his room for a couple days and it seemed he did a little what I call retro trading, he would say I am out of my long position here it is not working, then the market would go up 5 points and he would say ok selling my long positing now for a nice 5 point profit… I was always thinking why didn’t he say anything about getting back into that trade…. but I only… Read more »

Mark J
Guest
Mark J

sp500guru is a fraud? Do you have much experience with that guy? I
went into his room a few times and liked what I saw. Anyone or any
system you are currently using for futures trading? I got hammered
today and am really feeling down.

Larry
Guest
Larry

Yes he did the exact thing during my free trial. Would say I am staying out for now . Then at the days recap when it went up call it as a win.

David C
Guest
David C

Ace seems to be a student of the (in)famous “Kingfish” (aka Steven Boyd). Kingfish had to hightail it out of the States to Belize, where he continued to run his scam for awhile before vanishing completely. If someone Googles “Kingfish Steven Boyd”, they can get some info on how he operated.

D Paul
Guest
D Paul

LOL. This sounds exactly like what Ace is selling.

David C
Guest
David C

Picture William H. Macy’s character from Fargo, Jerry Lundegaard, getting out of jail and becoming an auctioneer …. that is Ace from Ace Trades.

The guy is basically a clown, but it’s mildly entertaining if you keep in mind it’s all crap that he’s spewing.

“Who’s on bears, guys, who’s on bears?”

Stan
Guest
Stan

I got sucked in too. Shall we file class action lawsuit?

jake
Guest
jake

Tried the trial a few time. Cannot duplicate his trades. Does not call stops or trade management. He draws a line anywhere on a chart and if price goes above it by a point…ie floor traders pivot he trades that direction. Cannot prove his results.

techgeek
Guest
techgeek

The guy name is Kevin Kelly from Canada runs AceTrades. I went first time today(15th oct 2005) for 3 day trial. I entered room around EST 8:00am since then hearing /CLX5 or crude oil is on the bull side. and lot of blabbering sometimes cold advise to members also. news break at 8:30am still he was screaming /clX5 on the bull side stay long. The price shot upto $46.30 may be few cents up. and roll down .50ticks i.e 45.81. /CLX5 heading lower low you call it bull side ? I am talking about now 9:15am still /CLX5 going down.… Read more »

Jamal
Guest

Filing a lawsuit against this character ace would definitely shed light on other unsuspecting member who doesn’t know what this guy is up to he’s equivalent to a Bernie mad off and has to be stopped and will be

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