Live Traders
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Honesty
(2)
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Quality
(3)
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Cost
(2)
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Support
(3)
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Verified Trades
(1)
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User Experience
(2)
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Prop Trading Opportunity
(5)
Summary
Jared Wesley of Live Traders has some positives and some really big negatives.
The positives include a very good prop trading opportunity, a pretty good live trading room, and a solid educational experience.
However, the negatives include a purely fictional performance record of trades. And a completely ridiculous marketing strategy that includes all of the familiar ‘trader porn’ like multiple rented sports cars, private jets, unlimited shrimp cocktail and exotic vacations. One big marketing shitshow meant to convey a sense of wealth, exclusivity, and lifestyle freedom. Which of course is all fake.
If Jared dumped the BS marketing, this would be a very good product.
Thanks for reading today’s review of Live Traders
What is Live Traders? The company is a day trading, swing trading, and position trading educational service. Live Traders specializes in educating traders in Forex, stocks, and options.
Live Traders offers trading educational services ranging in price from $97 per month for the live Forex trading room, as well as $147 per month for the live stocks trading room. The trading rooms are broadcast daily and offer trading signals, general advice, and daily market commentary.
According to Archive.Org, Live Traders first appeared on the day trading educational scene in 2014.
Live Traders currently occupies the following social media profiles:
Live Traders is essentially a two-person operation. The main trader and head educator is a person named Jared Wesley. The other is essentially a little helper troll named Anmol Singh.
Jared Wesley manages the live stocks day trading room. Anmol Singh manages the Forex day trading room. The primary focus of this review is going to be about Jared Wesley and not Anmol Singh. Why? I have interacted with both Jared and Anmol. Jared is the trading brains, and Anmol is the marketing helper troll. I don’t mean too much disrespect towards Anmol, but in my opinion, he is pretty clueless about trading. His primary backstory includes running a Meineke muffler shop.
However, Jared Wesley has a much deeper experience and life history at trading, and in particular–proprietary trading. A deeper search of Jared Wesley reveals that Jared was registered with Finra from 2011 – 2015 as a Series 56 proprietary trader.
Performance Claims of Live Traders
On the Live Traders website, in the blog section, Live Traders posts the supposed investment returns of the signals provided from within the live trading rooms. Those investment returns are as follows…
2015 Reported Investment Returns:
- March 2015 +$66,544
- April 2015 +$19,872
- May 2015 +$20,956
- June 2015 +$27,515
- July 2015 +$33,987
- August 2015 +$53,030
- September 2015 +$31,828
- October 2015 +$75,891
- November 2015 +$30,661
- December 2015 +$43,365
- Total Profits for 2015 +$404,992
2016 Reported Investment Returns:
- January 2016 +$10,481
- February 2016 +$39,775
- March 2016 +$34,420
- April 2016 +$21,418
- May 2016 +$30,977
- June 2016 +$24,855
- July 2016 +$29,124
- August 2016 +63,979
- September 2016 +$31,917
- October 2016 +$37,845
- November 2016 +$32,772
- December 2016 +10,717
- Total Profits for 2016 +$368,283
2017 Reported Investment Returns:
- January 2016 +$18,425
- February 2016 +$34,502
- March 2016 +$18,721
- April 2016 +$30,229
- May 2016 +$35,598
- June 2016 +$54,409
- July 2016 +$29,964
- August 2016 +32,324
- September 2016 +$56,552
- October 2016 +$29,782
- Total Profits for 2017 (10 months) +$340,506
As you can see, this is truly incredible–if true. Nearly three years of trading, and never a losing month.
With these sorts of investment returns, one can only imagine the amazing lifestyle. And Jared Wesley certainly has no problems showing off his supposed amazing trader lifestyle.
Live Traders: Purveyors of mighty fine ‘Trader Porn’
‘Trader Porn’ is a term that I coined back in 2014. Essentially, it is a marketing construct. It is the visual manifestation of a stereotypical day-trader. A marketing gimmick of what a supposedly successful day trader looks like.
A perfect example would be Tim Sykes orange Lamborghini and rented mansions. Or Jason Bond’s private jets and phony Harvard endorsement. Or Kunal Desai’s Bulls On Wall Street, where he projects himself as a globetrotting playboy. Or Cameron Fous with his audacious yacht parties and bikini model girlfriends. Or Anton Kreil and his private rocket ship (no kidding).
Jared Wesley is essentially attempting to replicate the same marketing strategy. Have a look at the following images…
[foogallery id=”8361″]
So what is happening here? Essentially, there is a confluent marketing strategy that attempts to marry the supposed track record, with the supposed ‘trader lifestyle’.
The track record of massive profits is the fuel that feeds the imagery, that gives it legitimacy. But is any of this real?
Conversations with Jared Wesley
Since 2015, TradingSchools.Org has received 23 requests for an official review of LiveTraders.com. That’s a lot of requests. However, I have been hesitant to write a review for a couple of reasons.
The first is that Jared Wesley played an integral part in uncovering the Nonko fraud. In fact, without his help, I would have never been able to convince the SEC that Nonko was a fraud. The guy that owns Nonko is now in jail, waiting to be sentenced for securities fraud.
The second reason why I have not written anything is that I genuinely like Jared Wesley. I have spoken with him on the telephone at various times and found him to be not only a very knowledgeable person but also very honest.
Ok, so let’s get into what I don’t like…
- The track record of trades. It is not real. As Jared explained, “these are for entertainment purposes only.”
- The trader porn. It is also not real. As Jared explained, “everyone else is doing it, we cannot sell unless we also do it.”
So does this mean that Jared Wesley is not a successful trader? Nope. In fact, he is a profitable trader. But not anywhere near what he is projecting in this ridiculous marketing chicanery.
Does Jared have anything useful to offer? Yes. In fact, I recently spent a week (anonymously) inside of the live stocks trading room and found it pretty good. Are the investment returns anything close to what they are claiming? No.
However, this is not a pump and dump, front-running operation where Jared is entering trades in highly illiquid stocks in hopes of profiting from the subscribers that follow him. He is actually position trading in stocks where subscribers can actually follow and replicate his trades–without moving the market.
The good part of Jared Wesley and Live Traders
One thing I really like about Live Traders is that they are offering a semi prop-trading opportunity. Essentially, they have a corporate trading account that allows traders to pool their funds and trade from a single large account. This gives small traders a distinct advantage. They do not have to worry about the PDT rule, and can gain relatively large amounts of leverage with a very small amount of money.
I don’t want to get into the nuts and bolts of the pooled corporate account. I will let readers contact Jared and ask their own questions. However, I have spoken with Jared about this arrangement and it’s actually quite good. The per trades fees are very low, the software selection is good, and since Jared has prior experience working at different prop trading outfits, he knows how these things are managed.
I can only hope he does not get greedy and put his hands into the cookie jar. This happens a lot. So buyer beware.
Another thing I like about Jared Wesley is that he is upfront and honest about the marketing. He plainly admits that its just “for entertainment purposes” and that if he did not portray this audacious lifestyle, then nobody would inquire about his services.
My impression is that Jared Wesley is anything but this outrageous character he plays on social media, in actuality, he is mild-mannered family man.
Wrapping things up
Many readers are probably getting conflicting signals from this review. Truth be told, there are few things to like about Live Traders, and there are a few things that I simply do not like.
I like the prop trading opportunity. And I think that Jared has something positive to offer regarding the educational aspect.
However, the marketing is pure BS. And the posted performance results are pure BS. I sincerely wish that Jared would dump the marketing BS and portray trading for what it really it…a very hard to game to play.
Thanks for reading. Would love to read your comments below.
Strange review. It has a lot of negative tone, yet not much negative factual material to back up the negativity. If the course is solid and worth the price, who cares how it’s marketed? I haven’t taken the course, but the overblown negativity without facts to back it up clashes with me in this review.
I purchased the PTS course and it is amazing in my opinion. I do not and will not own a subscription to the trading room because I want to lose on my own terms and not blindly taking trades that other individuals call out. Jared is awesome and void of bullshit.
Has anyone actually taken the PTS course and tell us if it is BS or not?
Anybody on here completed PTS and been trading for a while with a solid first hand review?
Would be much appreciated.
Cheers.
Great review
Thanks for all the great info. on Live Traders. I was looking for someone to tell it like it is and this article is very informative. It answers all my questions.
Thanks
This review seems incomplete as there still does not seem to be a conclusive yes or no re: Live Traders.
I have been watching a lot of YouTube vids from Live Traders (binge watching actually) and I REALLY like what I am watching so far, but have a few reservations.
PRO’s
1. Upfront – Jared is very quick to caution that this is “not an easy business” and to “start small… like a $10 risk”
2. Comprehensive – From what I have watched they cover a lot about trading in their teaching that has taken me years of study and piecing together – the psychology of trading, position sizing, risk management etc, and they also go even deeper to teach stuff that I haven’t been able to learn; patterns and profitable setups with entries and exits, Level II tradinh, the importance of using limit orders, moving stops up as the trade makes you money, adding as the tradee makes you money, using quality brokers etc.
3. Chatroom – I took the trial version and was in the room on Thursday, April 9th, 2020. Jared called out this Long buy setup:
GSX: $33.01 x $32.74.
Now what this means for anyone reading who may be saying “huh?” is that GSX was a buy when the price broke $33.01, but if the trade failed after it broke that number (went right back down) then you need to get out at $32.75. A trade like this is based on a specific pattern setup with a specific candle generating the entry and stop loss prices. I tried to take the trade but didn’t get filled, because I did it wrong. But those who did made good money! In the next 4-5 minutes you had ample opportunity to make quite a bit of money as the price rose to $34.09. Doesnt seem like much?
Then lets put this in terms of how much money this could possibly be.
Lets assume you you trade with a $500 risk (your willing to lose $500 on a trade). If your entry is $33.01 and your stop loss is $32.74 then you have a risk of $0.27/per share. $500/$0.27 = 1851. 1851 is how many shares you should buy. If you have 1851 shares that go up $1.08 cents in a matter of 5 minutes you have made $1999.08. That’s pretty damned good!
You could also think of it like this: $0.27 was risked and $1.08 was made. $1.08/$0.27 = 4.
You just made 4 times your investment. Pretty damned good.. Keep in mind that 4:1 was the top, but you could have got out at 1:1, 1.5:1, 2:1… all REALLY great returns. You see where I am going with this!
CON’s
1. I am REALLY turned off by the trader porn, REALLY TURNED OFF! It cheapens the entire message to the point that I am extremely skeptical and wondering if what I witnessed in the chatroom the other day was a big one-off.
I really believe there are ultruistic people out that genuinely and sincerely want to help others. Jared claims to be one, and I am one. I also believe that if they are ultrusistic and they are able to make a profitable business that allows them help others then that’s GREAT too! But to use cheezy marketing and sketchy maneuvers like trader porn…. AWFUL! Undermines the credibility of the entire operation and leaves doubt in my mind. I wish he’d never of done it, NEVER!
2. I am pretty sure I have caught Anmol in a lie! He stated that he met Jared while in college. Fair enough. He stated he started trading in 2010. Fair Enough. He stated Jared took him under his wing and mentored him. Fair enough. But… then he stated he was trading for a big firm and was at a level 7 or 8 and had a huge capital account to trade with (one or two million I think it was) and that as long as he made $4000/week? he was golden. BUT, here’s the thing, he was apparenty doing this while he met Jared!!! Bullshit! BULLSHIT!!!
Conclusion: I’m really on the fence here. Are they actually legit? Is the PTS course worth the big money they’re asking for it? Or is this all a suckers game????
Well, I will throw in my two cents worth.
For the record, I believe that Anmol is totally full of shit. Anmol had an account with a prop company many years ago, and the owner of the prop company contacted me and claimed that Anmol was absolutely worthless. Just terrible. He was so bad that when he left the firm, he owed money on losses and never paid him back. It’s a pretty funny story. Yet, Anmol is a hustler with a good story to tell. As far as being a successful trader, this is probably a ripe fantasy. Really ripe.
Jared, on the other hand, has experienced prior success. Though this was many years ago and his recent performance is a big mystery. He seems to flaunt the sports car as a red herring. In other words, its a distraction. It say’s “since I own this cool car, therefore I must be a successful trader.” Of course, owning a fancy car and posting images is akin to a 60-year-old man dressing up like a breakdancer. It just looks stupid and funny.
But I do like Jared. He is entertaining and he tries really hard. He has done well with real estate and always has something cooking. He does the trader porn because, as he explained to me “because it sells.” At least he is honest.
With that being said, they should post actual results. Real, tangible results where people can see not just the glossy front of butcher shop, but the backend where they make the sausage. But I am absolutely sure that most people wont be able to handle this sort of “wet market” environment. Trading is hard. Really hard. The day to day results are extremely violent. This is the truth. And the truth is that you can be hero for a few months and then give it all back a few months later.
For me, I don’t even mess with day trading anymore. Its a joke. The only people that make money are the salespeople and their courses and mentoring. And the brokers,etc.
The real money is made taking a position and letting it run for as long as possible. Trading less, not more. By not overleveraging and leveraging less. Its not sexy. But it works. At least for me.
About the actual PTS course though? It seems pretty comprehensive, and you do say in your review:
“So does this mean that Jared Wesley is not a successful trader? Nope. In fact, he is a profitable trader. But not anywhere near what he is projecting in this ridiculous marketing chicanery.
Does Jared have anything useful to offer? Yes. In fact, I recently spent a week (anonymously) inside of the live stocks trading room and found it pretty good. Are the investment returns anything close to what they are claiming? No.
However, this is not a pump and dump, front-running operation where Jared is entering trades in highly illiquid stocks in hopes of profiting from the subscribers that follow him. He is actually position trading in stocks where subscribers can actually follow and replicate his trades–without moving the market.”
I am not looking to make hundreds of thousands… I only want to have a solid system that I can employ to make reasonable returns year in year out.
BTW, I read your personal story. I am glad you have taken the other stance!
I was in the room in february. They didn’t make money in that month. Jared told me he made 5.5R in january. So not much there neither. in this video Jared is telling he have been struggeling in March https://www.youtube.com/watch?v=n_qgPGPTBEE&t=2448s
So this is 3 month out of a year without any profits. I think the strategies used, was profitable 5-10 years ago, that’s why he is always showing he 10 year old prop report instead of new brokerage statements.
I will take a tour in the room and document everything. If he is still breaking even or lossing a bit, there is clearly something wrong
Thanks for the update, Victor!
Anmol’s swing trade results are all in the Swing Trading newsletter and he’s up 21% this year. If you don’t believe in the day trading, I think at least we can at least respect his swing trading and follow along.
That said, looking at the review and comments it seems like Anmol had a troubled past. However, I don’t think that is the case anymore.
Nowadays, he is usually the one calling out winning trades in the daily live chat room.
I’m going to take a trial with camstasia. Did a month with them in February. And they didn’t impress me. It ok to have a slow/bad month. But i’m thinking he is merely breaking even and earns by subscription payments. However will document my time in the room and probably put the recordings on YouTube if the markets still are “slow”
I dropped the cash in their hands for the PTS course. I found it to be very beneficial and, in my opinion, worth the cost as I earned the cost of the course back with some successful 3 bar and buy set up trades. He is very honest in his assessment of the risks involved in trading and beats you over the head with the fact that account management is a priority over any other aspect of trading. He recommended risking only ten to twenty dollars when starting out until you ‘earn’ the right to raise it. I am glad I listened as on my first few trades I was stopped out every time.
This company is an absolute fraud. They will sign you up to a trial and then if you forget to cancel the trial they will absolutely not refund the charge.
This is how they are making all of their money
Definitely not true. I had subscription issues and their support resolved it by the next day.
100% agree with Derek, I watched them for 6 months in the room, made money with them, Jared had slow months but also had stellar months and it’s an averages business. And when I say bad months I mean minimal
profits, not losses.
They also refunded me at the drop of a hat from a mistake they made and send me a free hardback book to Australia.
The planes and sports cars are annoying but it’s marketing so I get it.
I spoke with Jared about the “planes and sports cars” and he actually agreed with me that “its just marketing huff-puff.”
Truthfully, I like Jared. But I want more transparency regarding personal performance.
Sorry Bob, but that’s why I put reminders in my iPhone to cancel subscriptions I don’t wish to continue. I’ve seen this complaint from several people on boards and YouTube and I just don’t have any sympathy. Be a grownup, set a reminder (kind of like a stop loss for your credit card) and don’t blame others for your mistake.
I watching he’s videos and have learned a lot.
He’s straight forward and everything he’s says are meaningful . Don’t know if I will sign up for a course tough. I’m educating myself. Take time and it’s costly, but you learn the real way
The information is great. But starting a subscription payment, and then having to wait for an email with login info is so shady. I have now waited 4 days with no response from either their mail, or on site support. Not having log in info also means i have no way to cancel the subscription. I would advice you to be very careful when trusting these people with your money.
The ONLY BS, is this review. Jared Wesley is 100% honest, and should sue you for defamation of character. His P/L is EASILY verifiable, and unlike you, he trades LIVE, and you can see EVERYTHING.
His PTS Course is 2nd to NONE. Ask any of us who have learned from him, and PROFIT from his education. You need not even spend a dime, you can watch his stuff on YouTube and judge for yourself, then spend $1 and watch him trade LIVE for 30 days!!!
This man makes enough money without yours, and genuinely wants to help others, and if you listen to him, you can profit too.
Hi Patrick,
Thanks for commenting. Comparatively, I feel like the Live Traders review was actually quite tame. Read a few of my other reviews for the real flavor.
I think Jared is OK. The old Live Traders marketing was bad and shady as hell. Heck, even Jared admits too it. But lately, he has been a good actor.
So what? The review is crap, and untrue. This guy has NEVER taken PTS or attended the trading room, he is clearly just got an agenda. Probably a competitor who is jealous.
What about the updated review emmett?
I agree 100% Well said.
Excluding the sales BS, the only important review for me is can a profit be made with the method(s) ?
Completely agree.
Yes! 100% for real, and you can watch him trade live, and see his training FREE on YouTube. Then, once you see he is for real, you can invest in yourself and get his course.
Have you profited from his course?
This review clearly is very old, by now many people already lost tons of money due to real scammers while, reviews like this keeps the good people away from the education needed.
So far all the info have been excellent, this review seems too biased to be honest, but well what can you do, is the internet. I learned the hard way, until I was able to find them, sadly took me longer.
Anyways, i will leave the video here which is the lastest one, which clearly speaks about the statements
https://www.youtube.com/watch?v=9PUOcsmtBfA
Also if you want you can check all the free videos they have on the youtube, or even join the chat, or get education.
Im just a guy that lost tons of money, and was skeptical of everyone.
Hi Jose,
Actually, I think Jared is OK. His stuff is pretty good.
However, a few years ago, even he will admit that the industry had gotten way too scammy. My main complaint with Live Traders was that the marketing was total douchebaggery.
Lately, Jared has been at the forefront of calling out the BS and the scams. So he deserves plenty of credit.
Now Anmol, he is probably a nice guy. And I have certainly had a great time poking him in all the soft spots. But I have some real questions if he is even trading? It seems like Jared is the real value.
Thanks for commenting.
Im so sad to see as I read this thread in attempt to get a fair review of Jared and LiveTraders. After watching several hours of LiveTrader video that looked promising there are so many inaccuracies. I’m extremely new to this pass time (hobby for me) called day trading. I watched and enjoyed many videos by Jared in hopes to learn. Next step I take is to research this company before giving my credit card information to join the live trading session and I end up stumbling on this thread. First and foremost the author of this article Emmett Moore I think you are extremely LAZY, UNETHICAL and a COWARD. How is it that you write an article about someones character and delay or better yet NEVER follow up with the facts??? You admit you owe attention to this matter but never follow up even after several months time to complete your research!!! To me this entire thread has no creditability. As a (financially independent) women this has been a Gossip filled waste of my time. All this Jealous filled emotion from a bunch of men with no facts who claim to be professionals. What a disgrace. You sound like teen age girls in a cat fight. For whatever it’s worth Jared I wish I was able to get a fair representation of you. I wish you continued success and hope for a no risk opportunity to join your live trade room to learn and make a decision for myself. Juli
I think you’re misinformed about tradingschools and Emmett, Ms. Adams. If you’ve posted that after just having seen a few comments on this review page, then you’ve missed out on a long history of tradingschools effectively saving several would be dupes’ life savings from the shamshows of this snakeoil cess “industry”. He’s been sued over 15 times and stalked as well by hired thugs of some of these psycho scam vendors, as well as having been embroiled in the depths of this sordid scam industry in a prior life, so it’s kind of unfair to say he’s been completely “lazy” and “cowardly” venturing into these stinking depths of the cesspit to root out the truths sham by sham of this industry most of us would rather not have to mess with in our regular lives. I am wondering why there never was a follow up review since it was mentioned Emmett received statements and irs statements, stubs etc. from live-traders. My wild guess is that maybe it was found those were terribly doctored and recombined into fakery, and the only way to get to the truth in document would be to corroborate with the brokers or have the CFTC subpoena the account trading results (if any, or just an elaborate hoax and shamshow as usual). And maybe tradingschools felt there were a few positives despite it, (not to say readers don’t disagree or have another opinion) so just decided to leave the review as it was.
Just checking this stuff out. Jared seems to claim that he is showing real trades and profit.
https://www.youtube.com/watch?v=eXO1EXDnCpE
I for one have learned a lot from the YouTube videos Jared puts out. His live trade room is hectic and hard to follow until you understand the fundamentals which seems reasonable. Yes, he can be a bit rough around the collar with people at times but I wouldn’t necessarily say he sounds like he’s scolding.
The liveTrader problems are NOT with Jared but with the other side of this company business. The customer service from the offers department is terrible to put it kindly! I bought the GapScanner when it was on sale and it NEVER worked. It took 2 weeks for a response and only because I called the school number and someone was able to get it working… for that day only. It has NEVER worked prior or since and it is now 4 weeks without results. I wouldn’t buy a subscription from these people if my life depended on it for fear of ZERO response and no refunds.
I even asked Jared in a chat room one day about it and he said it was not his department – obviously distancing himself. I will continue to learn from him but will NEVER deal with purchasing a thing from the merchandise department.
Same here. Just from watching Jareds Youtube vids, I’ve learned a lot and have put a couple of his strstegies into action trading options. So far so good. ????? for Jared.
Jared is a prick.. He is NOT a good coach. I would NOT recommend live traders to anyone unless you like being belittled and scolded for your mistakes.. He teaches you to trade like a pansy when your getting started rather then teaching you to trade to hit reasonable goals in the simulated environment prior to using real money.. If I have a 26k account im not trying to make $45 a day…. I’m trying to make $100-150 a day starting off. Like the person above me i tried the Live Trading Room, which was awesome. But because of my interaction with him I am canceling that/ Hopefully I will be reimbursed…
Tried his $1 trial and closed out after about an hour. Just way too fast and stressful for me. Now I am in a battle trying to get a refund as they have been charging me $147 for the last 3 months! So beware folks.
Anyone see the actual education material / courses? All the drama in the chat room was interesting and I’m on my trial in the chatroom, it’s okay, but was wondering if Jared’s book and the Pro course was worth it. Thanks.
Hi JohnDoe,
At this moment I can’t give a final verdict, because my experience isn’t over yet. If you are interested, I will keep you and this blog posted.
I definitely didn’t do my homework before purchasing the PTS (Professional Trading Strategies) course/more likely JUST THE BOOK on Wednesday 18th, August 2019. Today is Saturday (3 days after) and I’ve only received silly emails with the same videos you’ve already seen on their Youtube channel, nothing about the book nor the “course”, which right now, I believe they don’t even have one, just books with theoretical content, that you will have to figure out how to apply in real life. -I hope they change my mind-
I spoke to a representative that looked very interested in having me in his “team”. During the conversation, I found out this person has only 6-9 months of trading experience, which made me very skeptical about the veracity of their “Education Firm”. I should be assigned with a coach, I’m just hoping is not this person, and instead, is a more experienced trader.
I’m sorry I mixed the dates.
I purchased the book this Wednesday 18th, “September”
Hi Ernie,
Getting very mixed reviews from did discussion was wondering how your experience with PTS went?
Thanks man.
I would be careful trading with Livetraders. I joined the live trading room and participated for almost a month. I think it was a bad month overall for Anmol and Jared, I think I did OK as in I didn’t lose that much.
Anmol is a better trader, he does have his bad days but overall, I think Jared recognizes this as well and typically joins him.
Jared word vomits too much, doesn’t really do much and then badgers/belittles the room. I think this is an east coast thing, in terms of how he communicates so that’s acceptable. But the other point is “doesn’t really do much” so in other words as a newbie you are sitting in the room waiting for him to tell you to do something. You do it, then watch him complain for 20 minutes about how he did it and should have made 2000k and didn’t.
It has become apparent to me that he’s more interested in increasing his subscribers then doing well in trading. If you think about it, he’s making close to 1k a day on subscribers so that makes sense.
Experienced people in the room seem to follow Anmol more, or do their own thing and listen to Jared for color commentary (or ignore him completely). I think you could be successful doing this.
Either way, the reason I got out because I chose to pursue other investments. I was going to give them another month to turn around and if you already have payed the subscription I would do this. But honestly I’m just not that interested in day trading to push it any longer. The good thing is I do feel he offers solid advice for beginners, in regards to risk management but once you “get it” you have to sit and listen to him comment every 5 minutes the same topics.
I would not be surprised if the majority of the room mutes Jared and waits for Anmol to call trades. If I was in there for another month, i’d absolutely do this.
Derek,
Thank you for the constructive comment. I am certain that it will help those who are reading to make a decision whether or not to join Live Traders. I only wish more comments were as constructive and helpful as yours.
Andrew
About to signup
I was just about to invest in Live Trading’s FX Room. There’s a lot of talk here about Prop Trading, but is there any value in joining Live Trading if one isn’t interested in Prop Trading? If he lies about his performance, it would seem senseless.
Did you find this review helpful? Yes (4) No (2)
Emmett,
You have been totally misled and are wrong about LiveTraders and Nonko. Before LiveTraders funded traders through their currently broker, they were, infact, part of the Nonko scam by promoting Nonko to the traders in their room. I know this first hand as I was in their room when they were doing this and I signed up with Nonko because of this. I was really disappointed that as an experienced and seasoned trader that Jared did not do proper due diligence on Nonko. Instead, he and LiveTraders joined the Nonko scam and promoted to the traders in his room, most likely for a good chunk of the $$$.
That’s pretty much my only gripe about Jared and LiveTraders. I bought a few of their flagship courses but I really took a hit with that Nonko scam and never traded stocks since then.
Reading about your experience regarding Nonko and how it turned you off to investing is the part that hurts the most. Your trust was broken and you lost faith in the best path to wealth accumulation. I invest daily, though passively, and its a sound way to accumulate assets. You just need to put the experience in the past and get back in the game. Start slowly.
So what do you say Emmett,
fraud or not?
Hello Emmett,
when someone helped you to discover a scam, it means just NOTHING about this person. I can proove this with my own experience in germany. A trader helped me to bring another trader in jail because of criminal activities, but later I´ve heard that this trader is in jail, too, what I never ever would have thought about him when I visited (!) him in switzerland. And what I didn´t know, too is that he was in jail before when I met him.
In 10 years I never ever met someone who could proof seriously a trade record including me. So I give up finally and spend my money and time on better things. I had a coach. I´ve brought him to court and won after he kicked me out of his “education group”, because he didn´t show his promised track record either. He lost millions of customer money years before, too. This one I didn´t google before. I thank the guys here for telling their experiences.
Pipandrun,
That has to be a joke. Jared and LiveTraders were part of the Nonko scam. How? They promoted Nonko to the traders in their room and more lilely than not for a piece of the $$$. How do I know? I was there and was one of the victim.
Hey…..Like the way you speak. I felt simuler while reading his free download book. I am going to try the chat room…….let us just see. Thank You Again.
Hi Mr. Moore,
So what’s the final verdict on Jared and Live Traders?
Andrew,
Can you give me until the end of next week? Truth be told, I had written the original review some time ago…and then I spoke with Jared about a new review.
And then, for whatever reason, I forget to get a new review written. Yes, I have supporting docs, but I need to go back over everything and get it published.
Emmett
Absolutely
Hello Emmett
I’m in the LiveTraders forex room and it looks serious to me. What is your final verdict?
Fredy
Hi Fredy. What can you tell us about the room?
Mr. Moore,
Do you have the final verdict on Live Traders?
Hi Emmett
Any indication as to when the new review might be published?
Kind regards,
Adeel
Will there be an update on this?
“portray trading for what it really it…a very hard to game to play.”
At least in the latest video he admits that.
Video from Jared showing account statements
https://www.youtube.com/watch?v=OIvKsH4P0s0
I would like to take Jared up on his offer of a free week. How do I do this?
There is a SERIOUS amount of mis-information on here, particularly coming from Emmet himself. I did speak to Emmet and thought we had a good conversation. I am right about trader porn, it sells…and sadly is necessary to get attention in a world where ‘armchair warrior’ traders say they are making $80k in two days! Despite that…is it still porn if you actually OWN the stuff you are using? You tell me…! I sent Emmet 68 pages of verification info, that included account statements (winning and losing), tax returns, car titles (to MY Ferrari, Corvette etc), but he conveniently didn’t post that stuff. I even sent ACTUAL client account statements. Not doctored up or photo-shopped. Do you want to verify that Emmet? Sex sells…so does scandal in trading I guess.
FYI, NONE of the comments below are from me, or me pretending to be someone else. Period. The above ‘results’ that Emmet says I said were ‘not real.’ One, I never said they were fake. Two, those are the results of THREE people put together and were based on $1000 risk, just as the sheet says…The sheet admits I wasn’t trading $1k risk, but you can see that in the chat room when you come in. Very disingenuous . Currently I’m doing $500. The members are well aware of this. Don’t believe me…come in and see…
So all of this nonsense below is just silly. Go to YOUTUBE and watch me trade live with my P-L open. Period. Account number is open, fills are open, order number open, originator number open etc. There’s no question I’ve made some mistakes with certain ‘affiliations’ in the past, but when I found out they were fraudulent, I helped take them down. Fact. BTW, the 5 star companies on here, all have one thing in common. Anyway…if you think it’s NOT real, email me, I’ll let you in for FREE for a week, watch me trade and then you decide if I’m a magician or for real. Period.
I took Jared up on his offer after watching his youtube videos and joined the room, can confirm they are trading real live money and most importantly are the most honest people i have ever seen in this industry.
Yes they are! And I need to reach out Jared tomorrow.
“can confirm they are trading real live money and most importantly are the most honest people i have ever seen in this industry.”
Really, you can do this after being in the room for a maximum of a whole week. I was in the room for months and traded a live account and can confirm they are con artist who in no way trade live. The snippet tool they use is not a live brokerage statement. And the results they post do not even match up to their trade calls. On Max loss trades Anmol would pull up the snippet tool and show exactly $1000 loss which is impossible unless you are trading sim. They are mostly trading penny stocks with large spreads.
I have a suggestion open up a live account and take their trades for 3 months and then come back and post your opinion again and show those brokerage statements to confirm.
One thing you will learn quickly after being in that room it is always the person off camera that is making and bragging about their big winners that day, while the person on mic calling out the actual trades just losses money.
And Jared Ferrari only shows he came from a rich family and is not proof of profitable trading.
And I noticed anyone that states the truth about this vendor is marked down, while the shills are marked up, yet no one has shown any proof they are making money. That should tell you something.
FranG “I can confirm they are con artists who in no way trade live.” Sorry for you that you aren’t able to tell the difference between REAL MONEY and a SIMULATOR. Heck, I even record the session everyday and post it on youtube. Have a look for yourself. Go on, do it…!! I trade REAL money period. End of discussion. Account open ALL THE TIME with fills, originator number, account number etc. So please stop with the lies. Wanna stop by my house and watch? If you’re gonna talk smack then you better make sure it’s properly directed. $2165 into $51k. REAL. Period. I’ve sent Emmett the account statements WITH checks to prove it.
I have seen no evidence of live trading more less any evidence you actually live traded the trades called out in the room live. After being in your trade room, I believe you about as much as I would believe Dr. Paolo Macchiarini.
You traded mostly penny stock similar to the way Warrior Trader trades, buying gap open stocks.
Amazing how you turned $2165 into $51K, yet all I saw was turnover of members. Instead of constant turnover you should have 1000’s of members making money hands over fist, yet not a one can come forth and show any proof of profitability.
I mean Emmett’s email box should be full of your members backing up your claims with brokerage statements.
For goodness sake Emmett don’t be conned by these con guys. And don’t get me wrong these con artist are at the top of the food chain in league with the likes of Warrior Trader. Not only demand to see brokerage statement but go into the room and actual take their trade calls and then compare your results to their claimed results. I have no doubt you will end up turning $51K into $2165; that is if you are lucky and don’t completely broke.
You are either a troll or have no idea what you’re talking about. I TRADE LIVE WITH REAL MONEY EVERYDAY. Come to the room and check it out for yourself. Should we call the IRS to see if I turned $2165 into $51k gross. FACT. Let’s bet $10,000 I did it. You and I both put the money in an escrow account and I will CALL the IRS to confirm my results. DEAL? Otherwise move along. You are just spewing LIES. Period. I DO NOT TRADE PENNY STOCKS. I AM NOTHING LIKE WARRIOR. Period. The truth is, the fact that you are saying these things unequivocally means you have NEVER been in my chat room. I don’t trade penny stocks. I don’t trade penny stocks. Is that clear enough? I trade LIVE, P-L open EVERYDAY. Stop talking smack and come watch it. Cause everything you’ve said so far is BLATANTLY WRONG. You’re worse than arguing with a liberal. Get your facts straight. Here are some videos for your viewing pleasure. I’m sure you’ll have a snappy comment for the video’s below too…Move along man!
https://www.youtube.com/watch?v=gEA46YZoiLI
https://www.youtube.com/watch?v=5VccIIiabQM
https://www.youtube.com/watch?v=nqqVCZY5bvo
https://www.youtube.com/watch?v=3si9_sBHs28
https://www.youtube.com/watch?v=j4amgU0oj2g
https://www.youtube.com/watch?v=K_hSE5Ffk3U
https://www.youtube.com/watch?v=0HKSrQFD040
https://www.youtube.com/watch?v=Gkc-7khHCdI
https://www.youtube.com/watch?v=UsiWsxTbDR0
https://www.youtube.com/watch?v=zljj8hYvCPo
https://www.youtube.com/watch?v=w65kBAqnIEo&t=1s
One of us is a pathological liar but it isn’t me. So easy to fake your results, posting sim results and forgot a loser here and there. The only thing that matters is the results of all your live trades over time. I don’t know what you are referring to when you say you turned $2165 into $51k gross, but I know it is not the results of trading the trade calls made in your room.
And seriously the IRS. This is con artist none sense as the IRS is not verifying anything. POST YOUR ACTUAL BROKERAGE STATEMENT!, instead of some nonsense end of the day spreadsheet with inaccurate sim trading results that I saw. But if you posted your brokerage statement and claimed it to be your live trading results for the day then I could file a complaint with the regulators so you do not do it. Those are the facts! So you say you trade live and those are your real results, STAND UP LIKE A MAN, HAVE SOME BALLS AND POST ACTUAL BROKERAGE STATEMENTS AND STATE THESE ARE RESULTS FROM TODAY’S TRADING IN THE TRADE ROOM. I DARE YOU!!!!
Seriously these videos prove nothing. This is the kind of nonsense most con artists in this industry do. Talking about some wonderful trade is so easy to do. Again, “POST ACTUAL BROKERAGE STATEMENT SHOWING ALL TRADES TAKEN AND STATE THESE ARE THE RESULT OF LIVE TRADING IN THE ROOM TODAY” That should be easy to do and less work than a making a bunch of promotional videos that prove nothing. Please, Please, Please DO IT, so I can immediate report you to the authorities, so hopefully they will arrest you and put you in jail where you belong.
I love these silly con artist 101 videos. Talking about how it was a slow day and only made $205 and how at the end of the week probably make only $2K -$3K, yet all the members just keep losing money. What complete nonsense. You can get a simulator that will show anything you want them to show. The only proof is actual brokerage statement showing ALL trades for the day.
I took your trades and experience it myself. It is so easy to fake your results with those silly end of the day spreadsheets. Yes there are times when the market is on your side and you made money, but then the market would change and you lose all the money you made plus more. Another trick this vendor used is the trading room operator would switch really fast between stocks so most of the time they did not even have the stock they were trading up on the screen so you could not see DOM and what was being actually traded. It really was a 3 man circus with the person off mic bragging about all the money he was making, while you as a member taking the trades just lost money.
And to add to the nonsense they keep saying after you take their course you would be able to trade for their hedge fund. What complete BS. All to sucker you to buy their course. That is all this site is about. And BTW it is the Pristine course, the same place these vendors came from.
Again where all the members showing their brokerage statements as proof of positive trading? If you guys could trade profitable you would not have to come here or post on youtube you would have 1000s of subscribers all making money and who would never leave. Instead members join and you get a few months of subscription fees and try and sucker them on taking your course. But in reality most members take your trades, lose money on trades you claim to be making money on and leave.
And to show proof I know what I am talking about, I include a screenshot from one of their trading room sessions. You will notice in green section at the bottom their posting. This day Jay was on mic, but you see all the posting by Amnol. This is part of the 3 man distraction technique. Not only is it always the man off camera making money, but the end of the day spreadsheet shows the money makers are coming from the off mic persons. The whole thing is a joke and so easy to fake and such an easy con to run.
Emmett, PLEASE do not give these con artist a 5 star review without going into the room under some alias name and trading their calls live just like a member would do. Video tape the whole thing and then show the results you actual get .vs their self-claimed results. That will be an eye opener showing just how these con artist like this function and fake their results.
I will be posting brokerage account statements for Jared. He submitted them. And I have tax returns, payroll checks from T3 Prop Trading, and a few others things. Its all in there.
Will have this updated by no later than Tuesday, September 4. This actually should have been done a couple of months ago.
And I will be touching on the ‘Trader Porn.’
“However, the negatives include a purely fictional performance record of trades”
Are you now saying your previous comment was false?
Here is the problem, the stock market is at record high, showing you have made money is nice, but not proof the trade calls in a vendors room are profitable. Not to mention he might not be showing the accounts that lost money.
Why are you not going into the room and actually taking the trade calls and video taping the entire thing, so you know what is really going on. If you are not going to go into the room as an alias and actually take the trade calls, how can you make any determination of this trading room.
I can give you brokerage statement and tax returns showing I made money in stocks, but that would be no proof of the results of the trades I call out in a trading room.
This comment is a generic comment and not just towards this trading room.
****** YOU CANNOT EVALUATE A TRADING ROOM UNLESS YOU GO IN AND MAKE THE DAMN TRADES YOURSELF SO YOU ACTUAL KNOW WHAT YOU ARE TALKING ABOUT ******
Emmett, can you really not understand that?
Actually, I agree.
But there are a few practical limitations to consider.
1) What you are suggesting is incredibly meticulous and time-consuming. And, if a review is based upon this narrow window then what if the vendor simply changes their format after the review is published.
2) Should the reviewer be required to base the review upon a live trading account? In a perfect world…yes. However, I am 100% confident that if this were the standard, then the reviewer would go broke in short order. The problem is that many of the trades in these live trading rooms cannot be replicated in real time.
I see the problem of replication and fraud primarily appear in Futures trading rooms. Why? Because the moderator is using a simulator that allows a trade to be filled at the Bid or the Ask price, which gives the impression that anyone can simply copy and paste the trades of the moderator. Not possible. Filling on the Bid or the Ask is difficult. The end result is the moderator has a sterling simulator record, while the subs get chopped up.
Yes, I have heard this same complaint on Dekmar Trades. And I agree with much of the dissent. However, I still think there is good knowledge to be obtained. What about Live Traders and Jared? I did not witness any scalp trades. Only swing trades, which is easy to replicate.
Compare this to something like Warrior Trading, where Ross enters and exits trades (sometimes) in less than one second. Now that’s a problem!
“Only swing trades, which is easy to replicate.”
Not sure when day trading started to be called swing trading, but if this is the case then you should easily be able to take their trade calls and compare results.
I realize you cannot go into every room and take their calls. We already have a con artist doing that.
We all know the good Doctors name.
Here is what I am suggesting:
1) First before doing anything, Demand to see brokerage statement! – This eliminates 99% of the trading room vendors as most don’t ever trade a live account,
2) So now you are left with the top of the top of the con men. But a brokerage statement does not show any proof they even traded the trades called out in the room,
3) So the next step is to go into the room and take the trades just like any member would. Video tape it so we can see your trades and results and the vendors claimed results.
4) Being this vendor is trading stocks you can trade a very small position so you don’t have to worry about going bankrupt. Use IB were it will cost you $1.00 to trade and trade just a few shares.
5) This final step is the only way to really know what the truth is.
6) Don’t you think that is needed before recommending a room or are you perfectly OK recommending a room where most if not all members lose money?
Love your rapier wit! Lol.
I always ask for brokerage statements. That eliminates 99.999%. A better ratio than bleach on bacteria.
“That eliminates 99.999%. ”
That’s great. If I am doing the math correct, that means out of 1,000 trading rooms evaluated you only have to go into 1 trading room and take the trades the trading room vendor self-proclaims to take. That does not seem like an overwhelming task, after all you were in Axia room for a 1 week.
And then simple compare the trades taken in the trading room to his brokerage statements and your results.
If you do that I think you will eliminate 100%. And yes I know never talk in absolutes, but I think in this industry the absolute holds.
What exactly does a bunch of after the fact videos prove?
We can all mark charts after the fact, when we already know what happened.
Just another hindsight gazillionaire. This is pathetic, because so many fools fall for it, and hand over their money.
Emmett conveniently deleted my last comment. No point in typing anything in here with him potentially deleting it. Go check youtube and watch for yourself or come to the room. I’ll bet you $10,000 that the $2165 into $51k gross is real. Put it up in an escrow account, I will too…then we’ll go from there.
Hi Jared,
No deletes. No censoring.
Sorry I have been MIA. A personal issue. Will give you a call tomorrow. I still have that updated review, but why have I not published it?
Hey Emmett,
In case another trading room has mesmerised you by showing you a beautiful woman like Axia Futures did, I do hope with your positive review you would be posting a picture too & not just empty words of praise. P.S: i mean pic of atleast 1 year of brokerage statement not the woman 🙂
Any updates Emmett?
Jared don’t bother LOL….some people just will never get it, They will rather stay BROKE and negative . You can show them whatever you want, they wont beleive you. It’s just a mindset these days of people with conspiracy theories etc… My advice F em lol…they will always stay broke and negative and eventually fade away. Just because they can’t trade for S$it they think no one else can…Sad..
Clio, What is SAD is you post this after being in the room for all of one week (per your own post). After one week you have no track record or clue about the performance of this room.
This makes you either a fool or a shill. Hmm! I wonder which one you are.
Of course you could do what no other members can do and that is post brokerage statements backing up your whole week of being in the room.
Seriously this is so ridiculous it is pure silly.
I have a real question for you are you Jared or his brother?
Just wanted to point out that “Jon” above does not know the difference between day trading and swing trading. I’ve been studying trading for about 2 months and even I know the difference. Shows a startling level of ignorance and gives all a good reason to ignore the rest of his comments. So far Jared, nothing you have said does not make sense. And you are putting your knowledge out there on YouTube for free! I’m still paper trading in a simulator because I’m old enough to know what I don’t know. Funny, I haven’t seen anyone take your $10K bet. Money talks, bullshit walks. One last thing:
“Hustlers make things happen
Losers make excuses.”
Thanks for all the help, Jared.
Btw, I NEVER trade penny stocks. EVER. So you must be a different chat room. 😉
Your comparison to Warrior trading and the posted screenshot of the webinar room very aptly reminded me of when I was in Ross’ chatroom. Very easy apparent tradingroom con tricks. Ross now bans fast anyone who asks questions about his scam and even had turned the camera away from his arms so it’s harder to see he doesn’t really enter at the time when he announces a trade. Even the chat windows looked similar. Maybe live-traders are trying to bank it better like Ross has done, lol. Which is unbelievable now how many he has duped so he can frontrun and dump then to make up “winning” trades, when he had do a lot more of the usual shenanigans to gloss over the losers in earlier years, like call the week “slow” as mentioned (most of these shamshow rooms do that, call a rotten losing sim week “slow” or the “markets are slow” bs) . I remember even catching him accidentally showing his account window when he was switching screens to move stuff around and it clear showed he was all on sim at the time. Frauded his way to get more dupes to the pumpdump MO they have now while charging as many more duped newbs as they can churn monthly for their shitshow room and “products”. Yeah I got called a “troll” too by that Ken Clownface idiot, when I actually have been a long time veteran reader and commenter of tradingschools.
I would like to take you up on your offer for a free week. I would prefer to see for myself than listen to the naysayers. Thank you and looking forward to your reply.
Re: Anmol Singh
Hello Emmett,
Just read your review and wanted to share my experience with you.
Anmol used to be a prop trader when he was at Pristine. Like most prop programs, the Pristine program was split in two, International and Domestic. I owned and ran the international part of the firm while Greg owned the US side.
In 2014, Anmol’s prop account was overdrawn by $4K. I allowed him to go negative because he was a Pristine moderator and I believed he’d surely restore his trading account. Needless to say, in 2015 Greg fired Anmol (and Jared) as room moderators, and Anmol never replenished his account or paid me back.
So, to sum up, I can confirm Anmol was a losing trader, and your instincts about him are 100% right. He’s a deadbeat.
Stop it LOL. So obvious this is Greg or someone at pristine commenting, sour about being taken out of their business and going bankrupt. Jared and Anmol told us the whole story about all the dirty tactics at pristine and showed us screenshots of your conversation. Pristine negative review clearly states that, Why don’t you share your real name MBT ? Also why wait to come out with this info and not take out jared and Anmol when they launched pristine ? All members have seen Anmol and Jared prop reports, so you are not fooling us members, Shameful you would fall so low since you clearly have a axe to grind with Jared and Anmol. You don’t want them sharing all the screenshots of why they resigned and quit from pristine do you ?
This must be that Spanish guy who ran international prop. Well your lie is caught, Anmol quit the prop program in 2013, Greg and other people at pristine were touting anmol as being the fastest trader to every go through the prop program , At level 7 they got over 1million USD To trade. Why would they give him that account and level 7level 8 money if he was a losing trader. Why would then he be hired to run their trading room if he was losing ? Either you are full of shit, ,which you surely as , cuz we have all seen Anmol progress from pristine to where he is now , traded live , and we have all seen his prop reports. Either that or pristine was In bed with Anmol, which is unlikely as they didn’t say anything about him and why would he quit.
By the way, I just noticed all the positive comments received a thumbs up, and the negative ones were thumbed down lol. That tells me all the positive ones were Jared/Anmol. TraderF, Jack, Roger B, etc….
Emmett,
I just found your site by sheer luck and I want to say thank you for such impressive work.
Having said that, you took it real easy on Livetraders.
I don’t think there is a need to share another Nonko victim story, but Jared was actually the one that recommended Nonko to me. Of course, I should’ve known better than believe his hype, but I was just starting out and pretty naive.
IMO, LiveTraders are con artists with no moral compass. They are going out of their way to fool novice traders with their marketing and fake performance records.
Also, before you recommend their prop trading deal, I think you should do some research on Michael Digioia, who, along with other reps, was sued multiple times for fraud when he was a broker rep at Legend Securities. He is the one that owns the prop firm they recommend. He also owns affinitytrading.com.
But, once again, thanks for all the great work.
You got burned by Nonko? Sorry.
In defense of Jared, he was the one that provided irrefutable proof they were scamming people. Proved with video evidence. Which of course, I had to turn over to the SEC.
Yes, Jared’s marketing is ridiculous. But at least he admits it! And there is some value to what he is doing.
OK, the prop deal with Digioia is not a bad deal. Actually, its run through a sub-account at TradeZero. I spoke with Digioia over the phone, but a bad guy. At least with me. Regarding the allegations at Legend Securities, I was unaware and should look into it.
“At least he admits his marketing and track record is BS”?!?!?!? That makes it okay with you?? Beyond absurd. He admitted it to YOU, but who cares, the review should be based on the perception of his potential customer, which as far as they know everything should be legitimate and true. There is ZERO value to what he is doing if he makes up a track record. That SHOULD be a deal breaker, no?
https://www.erezlaw.com/legend-securities-inc-settles-nearly-1-million-claim-for-investment-losses/
Love your reviews Emmet, But I think you got this one wrong. Especially You have got Anmol wrong. I attended the Live mentorship with him and Jared and traded 5 days live with them, Watched them trade for full 5 days. I am also on Anmol’s trade copier for Forex where it basically copies his trades on mine and I am up nicely in my account for the last 12 months+ ( I can show my account statement ) in fact all trade copier members have access to the full trading reports in the backend. Keep up the good work, but this one you definitely have got wrong. You might not agree with their marketing style but being an ex-marketing exec, they are doing what needs to be done.
Hey! Thanks for reaching out. If I got it wrong, a correction will be made.
Actually, I get it wrong more than I like to admit.
You are saying that they are actually trading live with trades that can be followed and easily replicated, along with good education and a good prop style option. Given the large number of complete frauds that are out there it seems a bit harsh to mark them down to a 2.6 based on just their marketing
Btw the “prop firm” are not owned by Jared Wesley, but by this guy https://www.linkedin.com/in/michael-di-gioia-6241424 – Do your homework Emmett
If any positive to say. I think they offer a real account. Remember i was able to move the price with low volume on some of Anmol’s picks. I did 100-200 shares and moved the price with some cents. Anmol usually did 3000+ and didn’t move a thing 😀
Oh you are correct! Now I remember. I spoke with DiGioia, now I remember. He seemed like an honest person to me (DiGioia).
Thank god for my readers to help fill in the blanks. And keep me honest!
Emmett, you should dig into elitetraderpro.com – and what affiliation LT have with this company. The whole story isnt told yet
2.6 stars for out and out fraud.
I have been to their room and they are not claiming these trades are for fun. Just the opposite they state they are trading live and even show fake brokerage trade statements to prove they are trading live. Yet when you talk to Jared he admits the trades are not real. I can assure you none of the folks going to this room go their because they think the trades they are claiming are fake.
This is the definition of FRAUD and they should be investigate and thrown in jail where they belong.
Lol you definitely have not been in their room,I’m in there, come say hi. Learn how markets work and how executions and order entry work. If you just follow their trade like a blind idiot, that’s what you deserve, you will never get filled same as them , Jared and Anmol always say that , clearly you didn’t listen. They always put their order first and then call trade, so they’ll always get it first before you do. You’re most likely on a retail platform using crappy Routes. Learn to use dark pools
1) They admit the trade are not real
2) Why would these people spend so much time and effort in this business selling products/education for trading ? — Because they don’t make money trading themselves.
3) Am I the only one that doesn’t see this for what it is?
As a former trader with Livetraders, i did some paper work from elitetradepro.com and some from a layer firm. I asked about elitetraderpro.com affiliation with Livetraders and Anmol told it was meant for European based traders. Naive and new to the game i began to trade the “funds” money without much guidance or risk management from my “bosses” Jared, Anmol and Jay. It is very strange i signed up through elitetraderpro.com, since no one at Livetraders can answer any of my questions regarding this “company” https://www.fca.org.uk/news/warnings/elite-trader-pro-inc
I would advice people to be very careful with these people
What isn’t mentioned in the review is that when LiveTraders first started, they were actually part of the NONKO scam. They were endorsing NONKO and referring members to NONKO…and I’m assuming for monetary gain. Maybe the NONKO incident gave them the motivation for their own prop firm.
And it seems like Jared and co didnt want to verify any trading results. I dont understand why you can recommend the prop firm if they dont verify any proof of success
Unethical stuff, nonsense trading performance that beats even the artificial intelligence autobot of 2030s decade.
Not that it is relevant, bit I always got the impression that Jared comes from a wealthy family. Hence a lot of opportunities for trader porn. Maybe misperception. Re. the exaggerated performance claims, I hope Jared realizes there is a whole community of informed prospects at tradingschoolsorg looking for any kind of legitimate track record!
You know, the funny thing is that I spoke with Jared on the telephone about the trader porn. He just laughed and replied, “Yeah, its all nonsense. But we cannot sell unless we are like everyone else.”
Jared is a family man at heart. When I look at this trader porn and fake performance, it saddens me. In person, he is completely different than the online persona.
Its my hope that he scrapes the BS and just comes clean on what real performance looks like. And I am sure its bumpy, ugly, and full of jagged ups and downs.
Anmol isnt bad either. But he is a marketer at heart. Pure baloney internet marketer.
I’m pretty much passed the stage where i’m looking to copy someone else’s trades. I have my own favorite set ups and really just like a room for the camaraderie, market commentary and extra eyes to call out movers and potential trades. Whether they actually take the trades is irrelevant to me as I’m the one who pulls the trigger.
You should start your own little community–ScottieeTrades.com!
only $99 mo! made 6k today on clnt short….in sim (:
Lol. Have to start someplace.
That is very poor snakeoiling. 🙁
How dare you confess to being in Sim?!
I have to charge more $ if you want “real” trading results!
Now you are talking! 🙂 112% winning trades? Check.
Every losing trade adjusted to become a winner? Check.
A losing week? WTF is that? Check.
A losing day? Oh OK. Once is a while you have a 4-tick losing day.
Trade goes against you? You triple down and it always comes back.
All verified results! They just have to pay a very small investment of $699 a month.
Welcome to the VAMOOS (Venerable And Mystical Order Of Snakeoilers). Your dues are due. 🙂
You also now have automatic guru status in my FantasyTradingRoom dot com.
Hey Emmett,
I really appreciate all your reviews, but I noticed you had an Anton Kreil comment in your analysis. Just curious, have you watched his “Anton Kreil Annihilates Retail Brokers and “Trading Educators” video? Type that title in a Youtube search bar.
He gives a very detailed run-down on how the scam-artist retail trading educator industry works, and how to look up anyone to find out if they’ve ever been a professional trader or not. Maybe some good tools for people to check out anyone.
Question is, why would someone who is fake put out a video like that? He has many others that I think are quite good and tell the truth about trading, that it’s a very slow process of building wealth consistency and responsibly.
While I agree with the vast majority of your posts, I think you might have got it wrong with Anton. While I do understand that him and his organization are the equivalent of ‘talent scouts’ looking for people to potentially come into their fund or sell to another fund, it seems they are very upfront about this, and also teach people to genuinely come up with legitimate trading ideas and manage their risk properly.
Do you still think he’s pedaling complete nonsense? Just curious, because I really value your opinion and I know that occasionally you reverse you position when you have new evidence to the contrary.
I’ve yet to purchase any of his material, especially after your review about him. I’m willing to accept that you are 100% right also, I guess I’m more focused on what you think of the youtube video that I mentioned above, and if that changes your opinion at all.
Thank you.
Hi James,
Thanks for the comment. Actually, I get many reviews wrong. Ultimately, we all have to decide for ourselves.
Anton is definitely a creative and colorful character. In my opinion, a greater presenter and entertainer. Whether he has ever experienced any success with trading, this is an open question.
Thanks for taking the time to comment. Hope to read more of your thoughtful opinion in the future.
When are you going to share the so called proof Jared sent you about the numbers and all this. You mention to him about updating it, but don’t see it. Much of this looks strange, even from your end. If Jared said he sent you legit proof then either he did or did not, should be that simple
His “prop trading” opportunity is quite good. This was a tough review to write.
Do you have to buy their education in order to join the prop firm?
No you don’t, I’ve been with them just under 2 years now, can’t complain. Doing well and Prop is legit.
Thanks Jared, I mean Roger B lol
yo man, get your own handle, Scottiee is taken