Oil Trading Group Review

The Oil Trading Group
  • Honest
  • Quality
  • Cost
  • Support
  • Verified Trades
  • User Experience
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.

Sending
User Rating 5 (1 vote)
Comments Rating 0 (0 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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My Obsevation
Guest
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… Read more »
Joe
Guest

When I look to trading rooms/systems I look at longevity and the way they treat members. OTG used to have a London trading room, which not that long ago they were selling “lifetime” memberships to for a pretty-penny. All of a sudden that room was shut down, no reason, no explanation, no communications, nothing. Not impressed.

Tom
Guest
The Oil Trading group is worthless. I paid $1,800 for a 3 month subscription. I recorded the live trading room and reviewed the trades at the end of the day. The following are my results. Jason is the trading room moderator. Jason posts “Trade of the Day” videos almost every day. Don’t be confused, Trade of the Day winnings are only for one trade and are not representative of the profit/loss for the entire day. Trade of the Day videos have no informative value (anyone can win one trade). Trade of the Day is meant to mislead you into thinking… Read more »
Yie
Guest

Well, that might have been but his drawdown period, don’t you think so ?

TraderTom
Guest

Jason,
If you’re the real deal you would post your performance record. I believe you loose money in your live trading room and are afraid to post the actual results. I was in your trading room for 17 days and saw you loose (results were listed in an earlier post). Having a successful 9 day Top Step Trading Combine does not make you a profitable trade. Your a fake, just like all the others, that’s why you won’t post your trading performance. What are you hiding???

Ray
Guest

17 Days!!!!!!????? The trial is 2 days. Tom, you are “scamming” to get more than the 2 days; don’t like what you see? Move on!

TraderTom
Guest

I am asking for your live trading room performance records….
Not your Top Step Trader record or insults.

Jason
Guest
Hello Tom, Once again, trading statements can be EASILY generated with a copy of photoshop and Adobe PDF maker. We have chosen the route of TopStepTrader combines as our source of independent verification. There are several reasons for this…but Emmett has eloquently laid out the case for TopStepTrader in this post. https://www.tradingschools.org/reviews/topsteptrader/ As you will see , according to his research only 18.9% of people pass their rigorous trading criteria. We have shown you how we have done it twice this year using different trading styles. In January we completed the combine using an aggressive trading approach and cleared $41,000… Read more »
John
Guest
Jason, we all have good runs and bad runs. That is the nature of the business. 9k in 9 days doesn’t mean anything. In last two weeks we saw insane volatility in all markets, including oil. Your type of strategy is aimed for that type of market. But volatility will calm down and you will start bleeding money, like you did in June\July and beginning of August. For some reason you don’t post about those days. 😉 Now, your main reason against posting historical results is that they are easily manipulated, and that is true. But, that is why we… Read more »
Robert
Guest

Top step trader. Omg. It’s simply a tiny practice type setup.
Who cares if someone can pass it.
It looks to me like this Jason is using a sim otherwise why won’t he post actual trade statements from his broker. He says they could be doctored: yes they could but then the authorities can immediately bust him for fraud.

Clearly a con game

Ben
Guest

You would be surprised how many educators can’t pass a combine!

Ken
Guest
I have been in 5-6 trading rooms the past 6 months looking for the best fit for my style and I will say this about Jason…..he is 100% transparent. If he has a losing day he doesn’t make excuses and sugar coat it. He has shown everyone step by step how he passed a “live” Top Step combine in 9 days which is very impressive. I have a small trading account so I have been very cautious about which room I am going to chose but with his new money management system i think he is going to earn my… Read more »
John
Guest

“You can sit back and miss the boat while everyone else is making 9k in 9 days”
Fear of missing the boat is the surest way to blowing your account.
On a bright side, a lot of good traders went through experience of blowing their account, so, you might be on a right track Ken. 🙂

P.S. Learn how to trade on your own, without shadowing someone’s trades. It is more difficult and stressful, but payoff is much better in long run.

Ken
Guest
John….I never said that I “shadow trade” what Jason does. I have some things that I also look for and out trading styled are very similar. However I have learned a lot by just being in the room for several days and by watching all of his trade of the day videos. IThe OTG market maker levels are very interesting and I’ve never seen anything like them before. Add to that, the new money management system is truly a game changer for someone like me who has some bad habits. I don’t know about you John but I would rather… Read more »
Clarence Caeg
Guest
Clarence Caeg

I sent an email to OTG about the result on their $15K account, and no joy on the response. Does anyone know what ever happened to the $15K account? I’m assuming he blew that one already, and that’s why he did not respond to my email about this inquiry.

@Guruleaks1
Guest

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

RichGirl
Guest
I got the free trial and was in the room for one day and that was painful. Ok, everybody has bad days and maybe that was just one of them for Jason, but what bothered me the most was his strategy. He draws lines on the asian and London ranges and uses those as guides, so far so good. When the price was going up, he would set some limit buy orders on a price above the price traded. So if the Market confirmed it was really going up he would be in long. The problem with this strategy is… Read more »
John
Guest
Funny, how after that run up in early september it is all gone. Jason was showing his topstep account, after that he was showing his “live” 15K account, with daily PnL. And one month later, it is all gone. No longer showing daily PnL. No more spam messages about otg trade of the day 100+ ticks. As I said, now he is in churn mode, burning money and getting whipsawed. But wait couple of weeks\months, he will get market that acting in sync with his style and there will be another burst of activity. The only problem is: those favorable… Read more »
Rob B
Member
John, I no nothing about Jason, but I do know about real world trading and I am sure some if not many will disagree with what I say here. But there is a reason 95% of traders lose money day trading. They trade in what I call the fantasy world. It would take an essay to explain. But in simplicity the fantasy world is where you have a $5,000 account, expect to make $250K a year using an arbitrary 10 tick stop loss, expect an 80% win rate and take home a paycheck of $1000 per day. They expect this… Read more »
John
Guest
I completely agree with you Rob. The issue that I personally have with Jason is that when he is on a winning streak, he will post about it everywhere. But once he is churning\losing – he will try to hide any details about it. He only shows wins, but tries to hide loses. And I think majority of trading rooms are like that (I tried a few before learning). That is why they are in a business of trading room, and not in a business of trading. Anyway. I am also done. 🙂 Hopefully who ever thinks about joining Jason,… Read more »
Rob B
Member

I agree with you there and I personally do find it a bit misleading. when a trading room has one of their great days they post everywhere then everyone joins and they have a bunch of losers and everyone quits. Few are honest with their members about real expectations.

Johnny
Guest

Very bad room. This guy Jason loses almost everyday and then abruptly closed the room. Once in a while he will have a good day but most days are losers. It’s better to fade his trades then to follow

Kris
Guest
I did learn a ton from joining the Oil Trading Group. 1. Trading Indicators don’t work. 2. There is no such thing as a trading guru. 3. You will never make money over the long term using a stop loss. 4. There is no such thing as a trend. For one year I saw this all first hand…Jason would get hot for a week maybe two and talk up his indicators and his knowledge of the oil market. Then would go on two to three weeks of losing, talking about choppy markets and bad luck….To The Tick, he will scream… Read more »
unobtanium
Guest
This is yet another variation of these sites that sell expensive indicators. There is always some upgrade or some drastic change every few years. A new method. Often the members who paid so much for the old set don’t gt a free upgrade and have to pay in full for the new set. Like OS markets forcing another upgrade, or printers making you buy printer ink. Except often these are scam trading sites that don’t trade real money and show backtested results only. A prime example that has been around a long time is netpicks and their variations. They need… Read more »
Samson Lear
Guest

Did a couple of trials a few months back. Tried again recently. What a diff. New indicators, simulated trading accounts, testy exchanges, super focus on sales and TopStep (seems to be a huge distraction), failed breakout room. What the heck happened????? I really thought OTG was one of the good ones?????

Brian
Guest

He needs new indicators to sell to make up for the losses in trading that these indicators create. Just another total B.S. trading room that only makes money off selling you crap you don’t need.

Robert
Guest

This group is looking like one of the leading scams as far as trading rooms go.
Please have another look Emmett

Fred Bradley
Guest
Fred Bradley

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.

David Knight
Guest

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.

Chis
Guest

I can’t find the link to the “weekly performance trading with Jason”
Is it still available ?

Chis
Guest

I understand what you mean, but as far as I can see on his site now he has paid trial for minimum 3 month. Free trial is only 2 days.
I would like too see a 3rd party trading performance log to see if I can handle his draw down periods since I know very well how much heat I am capable to handle. If his DD is above my limit I will spare my time and money with these 3 month trial.

Chis
Guest

..so if you don’t want to put the full log at least please put something like this: 7 losing trades in a row with a DD of 1500 USD.

Chis
Guest
So, I was in 2 days trial. I’ve made about 15 trades and was down about 2500 bucks. The guy is indeed a trader. The problem I found is it will be hard to cope with all his trades since maybe more of half of them was entered before he finished to call them and I was left behind the price action. Since his first target is many times 10 ticks and after that moves stop loss to BE 1 or 2 ticks difference in entries will make a difference in final trading results. One will find nowhere any kind… Read more »
Joseph
Guest

They may be legit, but everyone should know that if you buy their tools, you have to keep paying them subscriptions to get the data that those tools use.

The hard-sell is not welcome either.

trackback

[…] Oil Trading Group Review December 29, 2014 • 10 Comments […]

Ben
Guest

Great site… I like reading your reviews.. you put in a lot of work!

He must be trading a large account, if your stressed with size/risk you can risk half or a third etc.

Too bad the data feed required though

BGL Trader
Guest

Thank you Emmett for this clear review, much appreciated

Jason
Guest
I have been reading and keeping up with Emmett’s site since I was made aware of its existence. While Emmett’s review of our product / site was mostly positive, the comments have not always been as positive. You know how it goes…good news is never that interesting…we all want to see and talk about the negative, real or imagined. I get it. People have the right to their opinions and I am not here to dispute the reality of someone else’s experiences. What I would like to do is share some facts with you. I just recently completed another successful… Read more »
Jason
Guest
Hi Tom, According to your most recent post, 9 days of TopStepTrader combine is not enough results. But by your estimate 17 days is enough. As this is the amount of time you claim to have witnessed my trading. Ok, if we can agree that 17 days is enough of a performance record, for you to post on this site that I am a fake, then I invite you go go to this link http://tinyurl.com/nv9fs25 and look at the results for the previous 21 trading days that have been recorded since August 10th. During this time we are +1,320 ticks… Read more »
Ray
Guest

Good response “J”, TopStep tells it like it is, there is no doctoring results. You’ve been a great mentor and a long time friend and having to deal with angry, bitter folks like ol’ Tom is a real bummer. It is what it is and I want to say congrats on your recent conquest of the illusive TopStep Combine.
Tom: head on over to Big Mikes, they love negative guys like you……you’ll fit right in.

Jason
Guest
Hello John, Your point is well taken. However, the reasons for not posting performance past results are not as nefarious as you suggest. Let me explain. 1.) You say my main reason for not posting historical results is that they can be easily manipulated. While that is one of the reasons I don’t post, the main reason is that it does not matter what I do, it only matters what YOU do. Specifically, I have untold examples of people who tell me, “I got the losers, but didn’t catch the winner”. And like I have mentioned before, the reasons are… Read more »
Steve
Guest
Ok I dont know where my post ended up.. so i’ll repost. Ok Jason has changed his setup in the 15k account from 1 lot to 2 ,my speculation is he wasnt satisfied with profits or losses. How is it going? though he is at rj obrien is it a real account? as with all brokers they have sim accounts. I have seen Jason trade compared to the 150k Fluffery account offered by Topstep. 2 different animals. 15k account he’s in it for half hour or so.. while the 150 k account its seconds. I must say it is hard… Read more »
Mike
Guest

Hi Emmett, Just an update on pricing for Oil Trading Group. I spent some time in their room on a free trial basis and liked the service. Unfortunately the room price appears to be $500 per month with a minimum of 3 months. Just too expensive.

Wtf
Guest

Why delete my truthful post? It’s all the truth. You are costing people a lot of money with your high rating. People lose real money because if your referral. How much are they paying you? Ridiculous

Jon
Guest

Hey WTF. Maybe quit being a little coward and put up your real name. U talk a big game but that’s easy hiding behind a computer.

Wtf
Guest

I am seriously posed now. By deleting my review, your true intentions are shown. I am disgusted that I got duped because of your bs reviews

Smitty
Guest
For those that don’t know, Topstep Trader is another BS firm that like to sell wannabe traders a dream…a dream of trading with their money and you keep most of the profits. Just pay for the combine that most will never pass. The few that do pass find out that they don’t get funded but need to pass more tests. IF they make it past that set of tests they MIGHT get a very small account (smaller than you signed up for) and they must follow their impossible trading rules (impossible to make money) only to get their funded account… Read more »
Rick
Guest

Smitty
It’s pretty obvious that you are a failed trader and have probably blown out many top step combines. What you call BS is simply you being unable to pass a combine so now you troll on here because you are butt- hurt. OTG and Top Step Trader are legitimate, however you are not.

Smitty
Guest
So Rick, how much Free Trading money has topstep given you to trade with? I have never paid to do a combine because I know from Real Professional Traders here in Chicago that TopStep is BS. It is in fact obvious that you are the butt hurt failed trader that is still in denial. Thinking that you will someday get $150K of free trading money by passing a 10 day combine where you can keep 80% profits. Keep the dream alive I guess. Trading oil futures with a 10 tick stop loss, thinking you can do what is mathematically impossible.
big0fish
Guest

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

robert
Guest

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..

robert
Guest

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

Jean
Guest
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,… Read more »
sam
Guest
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… Read more »
Granny Nelson
Guest
Granny Nelson

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

Granny Nelson
Guest
Granny Nelson

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.

Morgan Pierce Potye
Guest
Morgan Pierce Potye

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

Morgan
Guest

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

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