Oil Trading Group Review

The Oil Trading Group
  • Honest
    (5)
  • Quality
    (5)
  • Cost
    (5)
  • Support
    (5)
  • Verified Trades
    (3)
  • User Experience
    (4)
4.5

Summary

As much as I really did not want to believe in Jason Love, he really converted me. A great product. A great trading room. Only knock is that trading can get stressful and the oil market opens very early in the AM.

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User Review
2.77 (48 votes)
Comments Rating 1 (2 reviews)
Pros: Honesty. Reasonable priced at $300 each month. Unique trading tools that I have never seen used. Can literally plug in and start trading immediately, and expect to earn real money. Positive cash flow, month after month.
Cons: If you live on the west coast, like myself, you wont like getting up at 5 am. The oil market can be really volatile, stressful, and frustrating...so expect some wild rides. Jason is very comfortable trading within extreme movements, most of us are not. Jason is comfortable being very bullish one minute and then just as quickly becoming very bearish, which creates an uncomfortable cognitive dissonance.

The Oil Trading Group Review***Updated Review-May 28, 2015***

http://www.tradingoilgroup.com/
The following review is for the Oil Trading Group, moderated by Jason Love.

As many of my readers know, I am always trolling for the newest, latest and greatest trader that I can find and hopefully exploit for profit. I stumbled upon Jason Love while I was trolling through the funded traders section of Top Step Trading Group.

Top Step Trading

What the heck is Top Step Trading? Top Step Trader is a sort of proving ground for aspiring traders that have no money to trade, but need someone to take a chance and give them start up capital. The catch is that the trader must pay a “combine” fee, its basically a try out fee and performance is tracked on a trading simulator. If the trader meets the minimum performance threshold, then Top Step (through a funding partner) will provide the start up trading capital. You can read more about the pro’s and con’s of Top Step Trading here. There are some good things about Top Step, and quite a few negative concerns. If interested in Top Step, read the review.

Finding Jason Love

Anyway, I found Jason through his “Trader Profile” that Top Step uses to market to aspiring traders. What really impressed me about Jason is that someone else had already vetted him through an independant training combine. So, I knew that his performance was real and not faked nonsense that we see and read from so many trading educators. He was a real dude that a 3rd party trusted to trade their capital. I wanted to call him and ask him about his experience at Top Step. I emailed Top Step and asked for his contact information, but they stonewalled me and wanted to sort of protect their investment for marketing purposes. So what did I do next? Well, I did what everyone else does whenever they need to find someone…I googled Jason Love Trader. Bingo. To my surprise, I found Jason Love running a trading room titled The Oil Trading Group.

The first thing I noticed. And it did not make me happy.

Whenever I make my first visit to a trading educator’s website, the first thing I look for is a performance spreadsheet of trades called in the trading room. Who cares how well a website looks? The only thing that matters is whether the educator can actually trade. Does he even trade? To my chagrin, NO PERFORMANCE figures. This is like going to a restaurant, and there are no menu’s. How in the hell is anyone to judge whether there is any value? And so, I emailed Jason and asked him…what is your performance? He responds that if he posted performance figures, then he would run aground of the Federal regulators and was concerned that Top Step would pull his working capital.

Initially, I thought that this was a load of crap, and I told him so. He told me that he really did not care, and that I could look elsewhere, which irritated me further. He just told me to show up for the free trial in his trading room, watch the trades, and see if things worked out.

The real work begins.

Trading room operators seem to universally agree that if someone shows up for a trial in a trading room, that they will be able to quickly discern truth from fiction, value or wasted time. The truth is that showing up to a trading room and watching what is happening is of very little value. It takes a huge amount of time and energy to watch and attempt to figure out if the trading moderator is valuable or not. For instance, with Jason’s trading room, I had to show up for nearly 3 months, take the trades, and build a track record on a simulator. Not only must I watch and record every trade, but I must keenly watch to make sure that the trades called by Jason are not faked limit orders and or mystery trades (read more about faked limit orders and mystery trades) Of course, all of this could of been avoided if Jason would of simply sent me account statements, but he refused for fear of the regulators. Which sucks.

Does Jason really trade?

So, does Jason really trade? Yes. He clearly displays his trading DOM and his resting orders are there for everyone to witness. Over the past 3 months I have witnessed him make some great trades, and witnessed him make some gut wrenching trades. The types of trades where I could clearly hear and feel his anguish over the screen sharing software. A few days in a row, he had an incredible run of tough trades where the market would stop him out by a tick, only to reverse for huge wins. With his voice over the internet, I could hear the intense pain he felt for leading his team to a few losses in a row. I truly felt bad for him. He cares about the team.

However, what I will also tell you is that Jason is tough. Really tough. You don’t really know how tough you are until you have been beaten flat and bloody and the fight is gone. Do you have the will to get back up? I watched Jason get back up off the mat on several occasions and lead the gang back into the green. Truly gut wrenching stuff, and probably the most honest display of pure trading I have ever seen. I know for a fact that I don’t have that type of toughness. A few times, I even stopped taking trades on the simulator because of the stress. I really got emotionally involved-even with play money

Can Jason teach his method?

Yes and no. What I mean is that he has had so many market battles that he has developed a feel for where to place stops. Many, many times I have watched him put in a tight stop and the level held like a iceberg holds water. I personally do not have this feel for the markets, and I bet that most of you reading this don’t either. The “feel” was paid for with blood and disappointment.

What sort of performance can someone expect trading with Jason?

The following link is my weekly performance trading with Jason on a simulator on my platform. I think you will find that its volatile, but I cannot stress enough that this is what real trading looks like. Its bloody, gory, messy stuff. There is no such thing as a smooth upward equity curve. At least not in the trading world I have experienced.

This is what sets Jason and The Oil Trading Group apart…

In all of the trading rooms and thousands of trades that I have recorded, Jason is the one of a very few that adds to a winning position. On several occaissons, he would have a big winner and would double down his position, at the market. And many times the market would just keep right on moving and he would turn a huge winner into an outrageous winner. Its takes big balls to double a winning position. Another odd feature is Jason’s extreme short term memory when it comes to markets bias. On one morning all he did was harp endlessly about how the oil market was going lower. The market would not go lower and he would take a loss. And then just a moment later he is entering at the market to go long and adding long positions as the market moved higher. Crazy stuff. How can a person hold such convictions one moment, and then so easily toss aside those convictions and trade in the opposite direction? The mind of a psychopath, I guess.

What You Will Not Like

If you trade with Jason, its very similar to being stuck in a very fast car, with a professional driver, driving very fast around a test track, with lots of crazy traffic. Your will to follow and hang on will be tested to the extreme. Your courage is going to be bent and twisted into shapes you had not thought possible. On some days I was left mentally and physically exhausted from the experience. Some days I just wanted out. I wanted out so bad that I did not want to show up the next day.

Every night Jason puts out a video of trade performance. Its a slow, meandering video of what happened during the trading day. But the video is a complete lie. What you missed were the gut wrenching trades that were made. He gleefully omits the vomit inducing slopes, angles and experiences that will be cast upon you. He has this corny way of saying, “It was another profitable trading day, here at the Oil Trading Group”. All slow and easy and calm like, he makes no mention of the terrible panic and stress of the trades. Laughingly, I wish one day he would just be honest and spill the beans about the gut wrenching rides and the vomit inducing craziness of the oil market.

A Warning To The Weak Hearted

Jason’s room is not for the faint of heart. If you are not emotionally tough, you will not last long and wash out. Making trade after trade after trade, even on a simulator will leave you worn out and tired. However, if want to see how a real trader operates, this is the guy to watch. Many days I watched Jason pull out thousands of dollars on huge trades. It really got me thinking how I would actually deal with making over $5,000 at a single trading session. How would this type of money change my life, could I even handle having this type of money? The type of money that Jason plays with is life changing money. Maybe I like my life simple and stress free.

Conclusion

Jason is the real deal. But, for me, this style of trading is just too much stress. Regardless of how much money I make, I would be miserable with stress. There are other trading rooms that are slower and less stressful, and just as honest. Albeit with slower profits. If you are a youngster with big ambition of being the next Soros, then Jason is your guy. If your goal is to generate as much profit as possible, in the shortest bit of time, then Jason is a great fit.

Hope this review helps and thank you for reading. Also, your comments are really appreciated. Anyway that I can improve my reviews, you need to tell me how. Also, please feel free to call me with your experiences. Thanks, Emmett

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127 Comments
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John
John
1 year ago

OTG has lost money in the last 6 months

(1)

Here’s the end result of 6 months of data collection for Jason Love of the Oil Trading Group. The collection started on July 30, 2018 and ended January 25, 2019. While his gross profit for the 6 months is just $1,220 USD for both CL and ES trades, his net profit turns negative when commission costs are included. Maybe this is why he has so many reasons for not posting his trading results. What I do find rather comical, his gross CL trades are negative, it’s only his ES trades that took up for the slack, so much for the “OIL” trading group. Here are the numbers:

Contracts Traded: 1017
Commission Cost @ $3.70 round trip: (-3,762.90) *Adjust $3.70 value if desired.*
Gross CL P/L: (-2,530.00)
Gross ES P/L: +3,750.00
Gross P/L: +1,220.00
Net P/L: (-2,542.90)
Days Traded: 110
Winning Days: 58
Losing Days: 52
Best Day: +1,957.80
Worst Day: (-1,045.10)
Average Daily Contracts Traded: 9.25
Average Daily Commission Costs: (-34.21)
Average Daily Net P/L: (-23.12)

So with a daily loss of $23.12 USD, I think I’d have much better results if I just go buy a some scratch off lottery tickets every day.

Pros

  • Market maker levels do have some value.

Cons

  • Jason has lost money in the 6 month evaluation period.

Did you find this review helpful? Yes No

Johnny Williams
1 year ago

High pressure tactics

(1)

Hi Zillt you are right Really high pressure sale tactics and alot of 2 to 0ne stuff.

Pros

  • entertaining

Cons

  • really high pressure

Did you find this review helpful? Yes No

Terry M
Terry M
1 year ago

I tried the room twice and you are right. The people in the background are like hungry wolves. Lets set up a time to chat. Give me your phone number, Did you buy yet. Its definitely high pressure.

Zillt Stark
Zillt Stark
1 year ago

Tried the trial ..extremely high pressure from Roderic and they boot you out really fast

dave
dave
2 years ago

room seems to have died

JT
JT
1 year ago
Reply to  dave

It’s still active, and has a YouTube channel with previous videos. I started watching his series on how he passed the TST combine in 15 days this October (2018).
I got the free trial and watched this morning, following along (but not trading yet) on Tradestation, and it would have been easy enough to duplicate his entries. While I watched, Jason took 3 trades: a stop-out loss, a stop-out after moving his stop to break-even, and a $2000 winner where he held 2 contracts f0r 100 ticks. All 3 trades were the same entry at a level Jason had marked on his chart beforehand, he just kept reentering the same trade. It worked.

Jeremie
Jeremie
2 years ago

Fairly odd that he gets a 5 stars rating while the ad banner is sitting atop of the website…
For a guy that hates people claiming “get rich quick”, this sounds quite ironic.
” Can literally plug in and start trading immediately, and expect to earn real money. Positive cash flow, month after month.”

Now I don’t know how I can give you any credibility :/

Morgan
Morgan
3 years ago

Emmet, how can you give this OTF (Jason) a 4.5 star rating with these comments?

Morgan Pierce Potye
Morgan Pierce Potye
3 years ago

Emmet, how can you give this OTF (Jason) a 4.5 star rating with these comments?

Granny Nelson
Granny Nelson
3 years ago

After being in a few trading rooms…I think that you’re better off trading your own account. Use a good software setup…and trade your own.

Granny Nelson
Granny Nelson
3 years ago

this trading room was about as average as most of them. Nothing special about this one.

@Guruleaks1
4 years ago

When questions arise regarding a trading guru’s expertise, level of trust or success it is helpful to check out the guru’s bio/history.

Guru Jason Love appears to have a recent bankruptcy and for that reason we suggest one should be very suspicious of his real trading acumen.

In light of this Emmett might want to reconsider his review.

Coincidentally, while typing this comment it is noticed that Jason Love’s banner ad is at the top of this page so someone should probably take a look at that as well.

Cheers,
@Guruleaks1

David Knight
4 years ago

What I noticed was there is no picture of Jason and no about us section to learn anything useful to make any educated decision. I have passed into funded on 3 separate occasions in a year. This proves nothing.

My trading strategy is ever evolving. I don’t know much but for being transparent I would say not really.

Fred Bradley
Fred Bradley
4 years ago

Would not give one dollar to be in this room. I did a trial two years ago, and when I asked one question, a statement was made to me that it appeared I needed to join the mentorship. All for asking one question. I never returned to that room and never will. Not for the faint of heart.

My Obsevation
4 years ago

Emmett
I found The Oil Trading Group through your Trading Schools.org site.
Please consider re-reviewing this room and take out your fine tooth comb. Without any doubt, the trades, (weather real money or simulated), are transparent. They are consistently drawing down however. I wish that that was not the case as I had hoped to find someone more consistent with drawing up. Perhaps, I simply choose the worst, (past), 4 months of their trading. What does strike me as potentially misleading though is the consistency of them resetting The Top Step Trader Account when it dips below the $50,000 they start with. This happens often.
My contention is they are masterful at selling their product while they are not masterful at drawing up their or their members accounts.
Please pay particular notice to the moderator control of the members chat to include constant deletion of honest and critical member comments. They simply have a free 2 days trial to sell a subscription and they are able to successfully do this through their methods of sale and your positive endorsement.
Please re-review.

Jean
Jean
4 years ago

Thanks or the review. I just don’t believe that they would be on my Best Trade Room List however. My trial experience with them is as you say “messy”, up & down, inconsistent. As many reviewers pointed out, it is hard to judge how good or profitable they are overall without say a 1 year performance record, especially when the daily performance is so erratic.
My other experience is that anyone can be a great trader for a day or a month. Thus 9 day performances mean nothing. The best of the best has to show consistency month after month, year after year in variable markets that can creep, plunge and accelerate at any given moment. With a prolonged period of consistent performance, then I could have confidence in your Best of the Best list. Having the Oil trading Group on that list with such flimsy performance makes me highly question the integrity of that list in general, which betrays the very reason for that list and becomes a disservice to everyone in the end.
In other words, your best recommendations have to be held to a very high standard that very few of us can reach to be of benefit to those of us who look to you for guidance. As it has been shown, even a monkey can pick the right direction 50% of the time, no disrespect to anyone.

sam
sam
4 years ago
Reply to  Jean

Good points. Makes me wonder if the trades in the room are all done on sim. I had seen another room where a host would “add” to a losing trade and then double down or more on the next trade. I mentioned in the room that thankfully it was just sim which I meant that I was trading sim myself. The host misunderstood me and accidentally blurted out “yes, it’s sim!, but..” . Then I realized the guy was putting on a sim show. He also had mysterious trades in the “recap” video later on in the day in the email. Where if it was a losing day, or small win day in the room, he would put trades made “after” the session that would up the profit by thousands to make it look good. Looking at oiltradinggroup’s “results” page as only a record of topstep combines isn’t that impressive. If the host is supposedly making thousands per day live, why does he even need to do topstep combines for “proof”? Why not like RobB suggests they show redacted broker statements etc. For that matter, if the trading profits were so good, why even need to charge 300/month which is still hefty considering 20 signups for a month would mean 6k a month, while 50 signups is a cool 15k a month. As usual if most people find it doesn’t help the dream to profitability, they will leave and newbies will come through the revolving door i.e. the churn rate which becomes the average signups per month. Well, this seems to be an older review, and the standards for proof were not as informed maybe, as they are now.

robert
robert
4 years ago

oh and please do the rob mitcheel oiltradingroom https://oiltradingroom.com/
he has been at IT for years : NO performance reports , zilch.

robert
robert
4 years ago

I think this would be a good scam to re-review Emmett?
It was pretty obvious from the beginning though, what with his “proof” being a topsteptrader account..

big0fish
big0fish
4 years ago

Emmett Moore, do a review on http://www.rickackerman.com. he has 14 day trial.
you wont be disappointed.

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