Open Range Trading

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Summary

Here we go again, another Futures Truth Magazine/Dr. Dean Handley "Global Trading Titan" turns out to be a massive fraud and a phoney. The CFTC filed an injunction to immediately halt the operations of Open Range Trading and Jody Dupont.

CFTC investigators revealed that the entire scheme was a fraud. The reported trading results were all phoney, the owner of Open Range Trading was a net losing trader with no trading account, yet traded from a simulator and faked the results.

Yet another black eye for the trading educational industry, Dr. Dean Handley, and Futures Truth Magazine.

Huge thanks to the CFTC investigators that thoroughly investigated the fraud and took action to shut it down.

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Pros: Nothing.
Cons: Another highly touted "Trading Titan" from Dr. Dean Handley turns out to be a fraud. Trading results were all faked and fraudulent. Owner of Open Range Trading was a net losing trader, proclaiming to be hugely successful and profitable. 100% fraud.

Thanks for reading today’s update of Open Range Trading

What is Open Range Trading? The website is day trading educational company, with a website hosted at www.openrangetrading.com.

The business is owned and operated by a person named Jody Dupont and has been featured in Futures Truth Magazine as one of Dr. Dean Handley’s “Trading Titans” for nearly two years.

Open Range Trading operates a live day trading room priced at $250 per month and educational packages priced up to $25,000 per person.

Claims of Profitability

Open Range Trading made some very aggressive claims of profitability. A review of the Facebook page revealed nearly 100% winning days, weeks, and months.

In addition to aggressively marketing on Facebook, Open Range Trading also made claims of outrageous profitability on their Twitter account.

Dr. Dean Handley

For most people, when they see a trading educator claiming 100% investment returns, every month, for two consecutive years…they assume fraud. I think most people did. As least the sane minded folks. However, a great majority of the people that did purchase this day trading dream, did so based upon the supposed credibility of Dr. Dean Handley and Futures Truth Magazine. As a matter of fact, Dr. Dean awarded Open Range Trading the highly acclaimed “Trading Titan” award. Which is the best darn award that can be purchased for $695 down payment and $300 per

However, some folks chose to suspend common sense and instead rely upon the supposed credibility of Dr. Dean Handley and Futures Truth Magazine. As a matter of fact, Dr. Dean awarded Open Range Trading the highly acclaimed “Trading Titan” award. Which is the best darn award that can be purchased for a $695 down payment and $300 per month.

Dean Handley Review

Unfortunately, it turned out that the supposed “real money” results posted by Open Range Trading were not really “real”. In fact, there was nothing real whatsoever. The following emergency injunction, issued by the CFTC is alleging a massive fraud. Some of the CFTC’s investigation included the following:

  • Reported results were fraudulent.
  • Defendant claimed to be trading with a real trading account. In actuality, defendant did not have a trading account.
  • Defendant claimed to be a futures trader for 20 years. In actuality, defendant had traded for less than a year, prior to Open Range Trading.
  • Defendant prior trading experience included two live trading accounts – both traded for less than a year, and both traded at a loss.
  • CFTC reported that all of the trading results reported on the website, and social media account were wholesale fraud. None of the results were real, and simply created for marketing purposes.

Fielding Complaints

In the past two years, complaints of fraud regarding Open Range Trading have trickled onto the TradingSchools.Org blog. We have suggested that defrauded parties file reports with the CFTC.

Specifically, complaints should be filed with the enforcement division through the following link:

https://forms.cftc.gov/_layouts/PublicForms/TipsAndComplaints.aspx

Filing complaints is easy. And the CFTC always responds. In fact, they usually respond within 14 days. The process is simple and discreet. You will be contacted directly by a CFTC investigator and schedule a telephone interview. The interview process is simple and the CFTC investigators are thorough. Once the report is filed, then you should expect to wait for a period of several months. The investigation process takes time.

I can tell you in my own experiences in dealing with the CFTC, they are very effective. And very much not appreciated. There seems to be a large undercurrent of opinion in our society that various regulatory bodies are wasteful, bloated, and ineffective. But I can tell you from direct experience, the CFTC is lithe, streamlined, nasty, and take investor fraud very seriously. The main problem that I hear is that most people never file complaints. Once they discover that they have been scammed, they are embarrassed and want nothing more than to forget the negative experience.

But this attitude allows these financial frauds to continue to flourish and grow.

Thanks for reading today’s update. And a big thank you to the hardworking investigators at the CFTC for doing a great job. Its about time they deserved some credit.

For those interested in the details of the Open Range Trading fraud, the following is the CFTC complaint: (Dont forget to leave a comment below)

Open Range Trading

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132 Comments on "Open Range Trading"

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Pink Panther
Guest
Pink Panther
Finally Big Mike has banned that Alex ( real name Chris) aka Rocksolid68 from his site I have been told. I cannot confirm because I am not a member. This guy is a 48 year old man pretending to be an 18 year old. How bad is that. You can see some of my posts under School of Trade & Sideways Markets. This guy starts a thread on Futures io sucks everyone in with his nonsense BS trading. Starts posting in here then when he has suckered everyone in………. HE OPENS A FREE TRADING ROOM. Yet his webpage says it’s… Read more »
dtchurn
Guest
bmt usually has conflicts of interests with it’s select vendors, but this time I wholeheartedly supported bm’s ban of rocksolid68 even though the ulterior motive was there was no way bmt could support such an obvious scam when exposed by pinkpanther. The guy was just the same con malarky as many other sham vendors before him , except he parlay a new angle as a “game changer” even referencing ts and bmt mission to change the industry. TS is the real deal, but bmt is weighed too heavily as part of the problem. The shams make up new marketing tricks… Read more »
Rob B
Guest
Banned, what a shocker! You mean he is not legit. I would never have guess. Wait I did. For those that missed Alex’s room here is one of his trades: http://screencast.com/t/5fULdxWH But as I say 1 trade means nothing, he also had winners. But what does mean something is what I am going to talk about. After watching Alex trade in his trading room for a while I have my assessment and it is not pretty. I can see the, “You are so Negative” post now. This might be my most controversial post yet. First a recap. Alex and his… Read more »
Cyn
Guest
Well, I have been in the room twice, I think, and I largely agree with you, which is probably why I have not yet been back. For full disclosure, while in the room I gave out my exact, objective, specific, inviolate, “quit trading for the day” rules, and announced the only two trades that I took well before I took them. Both were losing trades, and per rules, I quit immediately, for relatively small losses. I questioned many times what he was doing, as he never explained the objective rules for what he was doing. It was largely a running… Read more »
dtchurn
Guest
The discussion is still open in the public area of bmt: http://www.futures.io/trading-journals/40318-how-i-trade-living-44.html#post605928 bmt also references pink panther’s sleuthing about Alex’s affiliation with GTR. Excellent recap of your thoughts on Alex’s room RobB. Your efforts to stop shills like Paul from taking over the comments and keeping the skeptic voice are surely appreciated by many lurkers and not just the TS commentary regulars. I agree 100% with all your points you mentioned. When I was in the room, I could tell within 10 minutes it was just another babbling sham room with murky talk about trading success. I can’t believe this… Read more »
Cyn
Guest

I would be a monkey’s uncle! Pass me a banana.

WTF is going on here? Even Big Mike is HIMSELF linking to threads on tradingsschools.org?

How the worm turns.

Pink Panther
Guest
Pink Panther
I posted earlier some more info on Smart Alex but its still been awaiting moderators approval for the last 6 hours. Someone posted a you tube video on Big Mike where Alex is trying to justify himself. Alex the 18 year old admits he worked for GTR and was affiliated with them. Well that’s a lie because when Emmett post my post you will see that it was Chris his dad that worked for them. Hence that is why Alex is Chris a 48 year old groomer for newbie traders. Plus Big Mike has now done a poll on whether… Read more »
kenneth
Guest

Big Mike banned based on information that were available at the time when he allowed it. No new information has been posted as reason for the ban.

So it seems very hypocritical to make the decision to ban now rather than forbid promotion of it from the beginning.

So what exactly is big mike’s role in this? Did he expect the room to be a paid room and get a cut (and Alex decided to make it free) and got pissed when he lost that revenue stream?

Stray Dog
Guest

Yeah I don’t think that you could accuse BM or being altruistic.

Stray Dog
Guest
Ah Rob B we certainly need your straight talking skepticism to keep our feet on the ground. I agree with a lot of what you’ve said but I’m not as quick as you to think that it’s a scam because I can’t work out how a scam would be successfully carried out from what I’ve seen in his room. As I’ve said from the links that have been provided I can’t see any definitive proof of a scam, perhaps one could unfold but I just can’t see why anyone who was in Alex’s room would pay $427 for an annual… Read more »
Rob B
Guest
It just seems fishy to me. I pointed out my hypothesis of what his angle might be. But you are right it is just that a hypothesis. But so far my batting average on these TR operators has been 100% and I know from personal experience how these BMT “Heroes” operate. They have a FREE rock star journal, so suckers like me, yes me PM them (this was when I first started day trading) and then they offer to train you for money. My advice is enjoy his room while it is free, but just do not give this guy… Read more »
Stray Dog
Guest
Yes, well proof of live trading in the form of brokerage statements continues to be a sticking point in that they aren’t going to be forthcoming. If I put myself in Alex’s shoes I can understand it. He’s not charging any money for the room, he repeatedly states that the room is not about following his trades but about making your own decisions so why show trading statements. I’ll continue to pop in from time to time but I’m a novice as far as futures are concerned so I’m personally not learning a lot there, I probably belong in the… Read more »
Rob B
Guest
This is straight from Alex’s Post: ” I am going to build a track record publicly” I do not see the difference in him claiming to profitable scalp ES from Al Brook’s, who shows no proof of his claim. Yes the room is free, so far, but there are tons of scammers running webinars and etc. for free and then they get you. Heck, maybe I am wrong and this 18 year old kid is going to teach people to profitable scalp ES for Free. Anything is possible, but I put the odds at about billion to 1. But that… Read more »
Cyn
Guest

“If I had money to burn and time to waste. I would take all his trades live …”

I doubt that you could even if you wanted to do so. There is no framework or methodology being taught, and yet he says that his room is not for following him, so how can one proceed when there is no explanation of how to find or manage the trade? With no stated stop, but just an announcement that he is out without even stating the price at which he abandoned the trade, there is no way to duplicate what he is doing.

GemBow
Guest

I sat through the first two days of it and came to a similar conclusion.

Stray Dog
Guest
I’d forgotten about the pledge to build a track record publicly. And if Alex does want to reform the industry that would be the place to start, free room or not. Refusing to prove profitable trading should mean that no one will sign up for a paid room but people want to believe so some people will. As I view the situation there isn’t any need for all this brouhaha. If Alex is genuine then he can disclose proof of his identity, proof of real trading and proof of profitable trading to someone like Emmett or Big Mike privately. That… Read more »
dtchurn
Guest
I felt it was just the same angle all over again to fool newbs down the road, except he tried to come up with a “reforming the industry” line. I could tell within 15 minutes in the room it was the same hogwash all over again from a sham babbler like a Felton or rather a willstockpicks. There was no real experience evidenced. Something about bouncing off the vwap that any number of bmt journals have shown ad nauseum over the bmt years. If he was really 18, the most obvious naivete of being a new shammer was he really… Read more »
Rob B
Guest

” No clear method, murky calls changed to “overnight” swing trades, then resorting to magical “profits” made outside the room. ”

Damn, how come I can not write so clear and concisely. Darn public education.

Stray Dog
Guest

Damn Rob, when do your sleep?

Rob B
Guest

Plenty of time to sleep when you are dead.

Rob B
Guest

Amen!!!!

What else can I say.

Cyn
Guest

Here is what you can say. “A feast is made for laughter and wine maketh merry. But money answereth all things.”

dtchurn
Guest

Sounds like another “18” year old Alex, or it is Alex Zobell/Sielaff/rocksolid68/Frankenstienface/MickyMouse

https://www.elitetrader.com/et/threads/recommended-prop-firms-or-lessons.304047/

Stray Dog
Guest
@Pink Panther – I don’t know whether Big Mike banned him but his room is still free. There’s no charge listed on his site zerogravitytrading and I’ve popped in there a lot to see what’s going on, the most recent was Tuesday 1 November trading session. I’ve never paid a cent and it didn’t cost anything to join the room last session. Numbers are limited to 100 because of the software constraints. If he’s a 48 year old man he does a great job disguising his voice. I like the kid, so far he seems legit but the room is… Read more »
Pink Panther
Guest
Pink Panther

@Stray Dog He even got banned from ebay http://imgur.com/xhD9nHF

barry k
Guest

Handley should be included in the complaint for aiding, abetting, and Pay to Play.

Danny
Guest
Hi, Trading is hard but losing money to scammers is worse. I’ve sought help from many vendors reviewed here but they all failed me. I finally developed and approach that works consistently. However, I’d never sell or show it with anyone (except my kids). Here’s why: 1 – It cost too much to develop – my marriage, kids and home 2 – It’s not perfect and would be immediattely called a failure 3 – It’s simple and many people think that only complex works 4 – It’s not automated – you’ve got to watch the market 5 – It doesn’t… Read more »
dtchurn
Guest
I think what he meant that he paid a heavy price to finally find a consistent method. He mentioned loss of marriage and home and maybe kids went with the wife. It could have been many year journey where he got divorced and he had to move out of the house. Maybe years of living on the edge. No one who found a truly winning method would just give away their edge to strangers. That’s why there is no vendor that delivers on the dream. As proven in the case examples here, most of them were failed traders and rationalized… Read more »
Goagal
Guest

Liked your post and gave you thumbs up, but the reasons you gave for not sharing what you’ve learned are weak: the steep price you paid is not going to get repaid if you keep the secret; and the other characteristics of your method are part of many real methods so I doubt anybody would hold them against you.
But … it’s your system and you can do whatever you want with it. 🙂

Cyn
Guest

Now, much as I hate it, I have just done my first “me too” post on this site.

DanielSon
Guest

Interesting, but you said in there, ” that in the end was not worth it…” how can you say this because the END is not here …are you at the END of your trading career?

Danny
Guest

Thanks for asking.

I worked in corporate America earning decent coin. I wanted more but my ambitions were tempered by the company. I sought was to increease my income.

I lost my family because I was consumed by a need to becme “rich”. I alienated my family. All the cash I earn today doesn’t by me true happiness.

Even though I can buy everything that my kids want I only see them every couple of weks for just a few days. When I was “poorer” I saw them everyday…

Pink Panther
Guest
Pink Panther

Will the real Alex Zobell please stand up, or do you want me to do it for you.

Joao Santos
Guest

Why hasn’t the Doctor of the Titans been named co-conspirator?

Hey guys, I have been a long-time contributor on this blog, so I feel part of Emmett’s “family” to share my app project for language learning. Check me out o GoFundMe and pitch in as little as 5 bucks to spark momentum to my campaign. https://www.gofundme.com/ubenenglish

Thanks

Alex
Guest
Hey all, You have probably been watching my comments. I am opening a trade/education room called Zero Gravity Trading. After much discussion here in the comments and with others, I have decided to forgo charging for my TR. I will not be charging a dime! I will not be selling anything at all. I told you all that I want to help change this industry that is filled with crooks and con artists. So I am going to do that the best I can. I am going to have a trade room that focuses on education. I will not sell… Read more »
Cyn
Guest
Small bites, young man, small bites, please. The website costs will be manageable. Meeting Room costs and Webinar costs probably will not be. Not if the access is free, and you are known on this site. You are probably better off just having the room and explaining things when there is a lull in the trading. “Lull in the trading” means that I am assuming that you are not hyperscalping, perpetually stepping in and out of the market for small chunks of ticks, and, therefore, never have any time to really explain what you think that you are doing. As… Read more »
Alex
Guest

I am not hyper-scalping. I have documented how I trade in this thread of comments. I will have more than enough time to explain and talk.

Thank you for the kind suggestions. I will take them into account.

As far as the webinar costs and such, I make enough to cover these without impacting my normal lifestyle.

dtchurn
Guest
You seem to have a positive attitude that is refreshing. I think it’s ok to give your room a chance. If it’s a good enjoyable room and nicely reviewed by Emmett, 10 to 25 bucks a month should be reasonable lunch money donations like a club, imo. Just don’t be like DTPow or TFIA which doubled it’s monthly room fee from 150 to 300 just after Emmett’s positive review. If you can show students and newbs in the room you can make a living from trading or get pretty close, it would still be trading room gem found in the… Read more »
barry k
Guest

When did Emmett give TFIA a positive review? Robert J. Amico is a unrepentant convicted felon and deeply in bed with Dr. Fraud Handley

dtchurn
Guest

my bad I got tfia mixed with Trading Price Action on Futures, or ‘TPAoF”. right, the scum, amico’s video in the basement under the sewer pipes is gone now from the GTR youtube videos.

Alex
Guest
Thank you! I am very excited! I think it will be lots of fun! It will make my time trading much less lonely! 🙂 I have not considered just charging a super small fee… Maybe down the road sometime! Regarding the doubling of price, I think doing that would be the opposite of what I am trying to do. I am not in it for large financial gains. I have a long life ahead of me, no need to go for a large cash grab. I am here for the long term. I want to change the industry alongside Emmett… Read more »
Cyn
Guest

You sound a bit too much like Big Mike, not enough like Emmett. Maybe you can slow your roll?

Cyn
Guest

Oops. Trading is NOT meant to be fun. It is serious business, and most of the time is very boring.

Actually, the closest thing to trading, somewhat paradoxically, is war. You spend long periods waiting for something to happen, then a few moments of resolve, followed by another long period of waiting to extricate yourself.

It is always fun to make money. Trading itself should be boring, or something is probably wrong.

Alex
Guest

I mean fun because rather than sitting alone all alone whilst trading I will be able to talk to others! But I guess I know what you mean.

Rob B
Guest
Hmmm, I have a question that I think you will not find hostile. Can you provide some information about your trading. I know you have said you will not provide brokerage statements or keep a track record, but how about some overview of your typical day or week so one can tell if this is a good fit for them. How many cars are you trading. What method in general are you trading. How many trades do you average a day or week. Are you microscalping going for 4 ticks or what is your profit and stop loss in general.… Read more »
Alex
Guest

Why yes, that was not hostile at all! Thank you very much :). I will keep a track record! I have given answers to most of your questions in other comments here in this thread. I will also be going over all of that stuff on the first day. I will answer if you can’t find the answers or don’t want to wait, I can answer again. Thanks for the kindness, Rob 🙂

Rob B
Guest
I hope you keep an accurate track record based on live trades all shown on a DOM. If you do that you will be the 1st TR ever. BTW, Joe from Open Range Trader (the topic of this thread) kept a track record. The problem was it was all fake. If you can show you can scalp ES profitably you room will be full. Honestly I wont lie, I have my doubts and suspicious but I will not mention them here as I will called a hater or something like that, so lets see how this goes. As I have… Read more »
Alex
Guest
An accurate trade record will be kept. I do not trade on the DOM but I do on chart trader. I do not have to keep a fake track record. I have no reason to; I am not making money by faking it. Not only that, I want to be honest. I do not “scalp” per se. If you look at the Average Daily Noise on the ES, I trade for larger targets than that. I am still improving on myself and hope to get even better trade management. I know you have your doubts, and rightfully so. I appreciate… Read more »
George\'s bro
Guest
George\'s bro
Here are a couple of rules for joining a trading room: 1. NEVER pay more then a month at a time, I find that many TR’s are trying to lock people in for 3 months at a time and even longer, of course there are no refunds. These are red flags. 2. Always watch for the first week at least or just paper trade, and make sure you’re critical of their trades, dont just hope that this guy is a guru and over look the obvious. We tend to do that because we really want it to work. Are they… Read more »
dr who?
Guest

Fuck when are we going to get a good trading room
this is depressing.

dtchurn
Guest
I don’t think we’ll ever see a real dream trading room. At best only a few breakeven trading sites that need subscribers to shore up losses and make enough to pay the bills. At least if they are transparent it is good starting value for a newb to see and follow along and the true struggle with losses and the realistic risks of live trading. The rest, 99% are sim shams and scams and make their monthly “churn” of newbs profit instead of real trading. If they could make 60k a month trading , they sure wouldn’t share or teach… Read more »
Alex
Guest
Very true dtchurn! This industry is filled with snakes! That is why I created my room! I strive to bring more good into this industry! I think very few have done this before. Emmett and Big Mike (from FIO) are two people that truly brought good to this community. I want to be one of those people! So, how do I do that? I help people that were in similar situations to me! I can give them the tools and the knowledge to give them the best chances of making it! I can not guarantee everyone will be rich, but… Read more »
Pete
Guest

Atleast you are making live calls. Al Brooks says he is helping people by teaching them dangerous and false ideas, as a for-profit teacher, with only hindsight analysis which he suggests can be made in realtime. Brooks’ only way to gain people’s confidence is to use his social status, race and gender to gain people’s confidence. Could some punk off the street do what Brooks has been pushing for nearly a decade and be taken seriously?

George\'s bro
Guest
George\'s bro

What’s with this Al Brooks fella you keep harping about? I know someone who attributes his success to Brooks and he is succeful as a trader…just wondering

Pete
Guest

Joseph Douchefresh has people atrributing success to his teachings.

Alex
Guest
Hey Pete, thanks for posting. I am familiar with Al Brooks’ teachings but not so much him as a person. Maybe I should do some research on him. I am trading in front of everyone in real time. Not only that, I am helping them see the market the way I do and helping them develop a methodology that fits them. I have said it before, I can only bring the horse to the trough, but I can’t make it drink. I will let you all decide if what I am doing is of value. I made no promises to… Read more »
Pete
Guest

Joseph Douchefreshe should have gone to medical school to maximize his school of trade income potential.

Rob B
Guest

In my humble opinion, when hell freezes over. Yes I know I am negative. Actually I think I am realistic. All day TR are scams.

Alex
Guest
At risk of verbal lynching I will step up and take that challenge – all rooms are not scams – of course most are. I am the owner/trade moderator of a new live room at http://www.zerogravitytrading.com. I’ve been running a beta room for a small group of traders since May and will launch my regular room with a 2-day free test drive next Monday and Tuesday 10th – 11th. Here is how I operate: I trade ES – most liquid true market. All entries are via Market order to minimize discrepancies between my calls and others in the room. A… Read more »
TraderP
Guest
Alex – I just looked at your site. You say you are an 18 year old college freshman (I apologise – 18 years and 4 months) with 2 years experience of trading. Is this some kind of joke? With 2 years, your experience extends to a little over one quarter of the current bull market. Having hired a bunch of analysts over the years, had I received it, your CV would immediately have gone into the trash, not through unkindness but simply as you aren’t experienced enough to be able to be trained in professional trading, let alone be ‘available… Read more »
Stray Dog
Guest

Wow Alex I bet you didn’t expect such a tough crowd. Seems that your assessment is a bit brutal TraderP, especially as Alex’s room hasn’t even gone live yet. Alex my suggestion is don’t read the posts here just keep your focus on your trading. I’ve worked with plenty of 18 year olds who are brilliant in the field that they are passionate about.

Barry
Guest

Hello, I was in Alex private room some months back after covert solicitations on BikeMikes. He was charging $500 for two months in his new room!! His trading left much to be desired…give me a break! Wish i could get a refund since it’s free now. He is not an expert trader i’ll just tell you that much.

TraderP
Guest
I wasn’t trying to be unjustifiably harsh. If this room was set up as ‘join me in my journey as I gain more experience trading and maybe we can learn from each other’ then I would be the first to say all power to you and I wish you the best. The problem I have is that this isn’t how the room is set up – Alex has clearly set it up as a profit making venture in which others pay and can then be trained, and that is a completely different proposition altogether. As to your point about 18… Read more »
Anon
Guest

RE: Alex’s Trading Room.
I was in Alex’s trading room a few months back when he was running his skype/go2Webinar thing under a different last name. He was well hidden in BigMike’s forum and I found him there using his fathers account or something. Anyway, I digress, His trading was MEDIOCRE and honestly I couldn’t match or get into profit especially with his Renko-bar trading and overly-loose stops. I paid a few hundred bucks for a single month (one of the highest prices EVER that I paid by the way FFS!). Of course now he charges nothing! Damn!

George\'s bro
Guest
George\'s bro

How many points you averaging per week? are you day trading or a combination of day and swing?

Alex
Guest
Hello George/’s bro. If we take the average, we will end up at a small number above zero. Why? Because the average overtime with losses and winners included, we will end up near zero! Now, I know what you are asking, so let me explain. I do not measure success on a day-to-day basis, but rather week-to-week. Like trading, emphasis on one thing can blind you to only see one tree in a forest. I aim to max each trade! I believe in achieving asymmetrical returns. What this means is lose small, and win big! Simply said, not so much… Read more »
George\'s bro
Guest
George\'s bro

Thanks, I’m asking because I like seeing what others are doing, some people think there is only one way to skin a cat, I know that to be false.

Alex
Guest

It is very false! Trading the ES can be done in a ton of different ways. Different shoes for different feet. I also agree that longer term trades are better for long term profitability.

Rob B
Guest

He stated he is trading ES. I doubt he is swinging trading ES. But I could be wrong.

George\'s bro
Guest
George\'s bro

why not? I swing the ES regularly, in fact it’s the best way to make money in the ES

Rob B
Guest

I said I doubt it as an educated guess as most people that get into Day Trading do not have the margin to keep trades open overnight and most TR gear themselves to those folks. Nothing wrong with swing trading ES if you have the funding.

GemBow
Guest

“I use Sierra Charts – much better product than Ninja.”

Can you elaborate?

Alex
Guest

Hello GemBow,

This is nothing more than an opinion!

I spent a long time with NT and enjoyed it a lot. Then I moved over to SC. I fell in love with it! 🙂

I think that SC allows for MUCH more customization options for graphics, indicators, charts, and more! It is also much more consistent (no crashes like NT) and much less CPU heavy.

It has a learning curve, but once you get over that, you will have a lot of fun! I used to spend hours just messing around on it. Give it a shot! I think you will enjoy it! 🙂

Stray Dog
Guest

I get a big black screen with menu choices at the top of the page but nothing when I click on them. I guess they’ll work when the launch date arrives. You may be the unicorn but after a while I figured that there’s just nothing better than working out your own trades for yourself. Trading rooms fee like getting in a car with your mother telling you turn left, then right, slow down, not so fast. Much better to drive the car on your own.

Alex
Guest
Great post! I agree with much of what you said! My room will focus on psychology, money management, and trade management! Trading live will be a “side-perk”. I want to bring the horse to the trough, not force it to drink. I think that I can help many traders get to where I am now! I do not want them to pay an arm and a leg for it, of course. That is why my room is roughly 10% the cost of most rooms ($35/month compared to $350/month rooms). Also, I am sorry the site does not seem to be… Read more »
Rob B
Guest

Sorry, but every TR I have ever been it has been a con. Could you be the unicorn? Provide live brokerage statements to Emmett (which BTW I offered to do in a previous post) and show you are consistently trading profitable over an extended period of time and I will eat crow. Anything short of that is meaningless nonsense.

http://screencast.com/t/KW2putSiT

Chris
Guest

I sat in on a free trial about a year ago and Joe Trader was almost apologetic for having had to succumb to pressure and join Lying Dr. Dean’s Trade Titans. Told me he couldn’t compete with other rooms unless he joined the good doctor’s list.

Rob B
Guest

Joe was brilliant as acting like one of us. He would tell his BS stories and all sounded so good. But he could not hold on to his members as he just lost money and at 30 ticks stop loss with 3 Cars those loses added up fast. I have to dig up the Skype address of some of those old room members and send this link.

rtchoke
Guest
Rob B, You yourself, Rob, have said you can’t set a specific number of ticks for a stop, whether it’s 4 ticks for a scalp or 30 ticks for a larger move. It always has to be based on the chart and the time frame you are trading. And here it is again. A consistent 30 tick loss on every trade, which has absolutely nothing to do with the chart or market being traded. That’s just what the TR has decided is the maximum pain he or his followers can absorb (and at 3 x 30 = $900 in CL),… Read more »
Cyn
Guest
A Stop Loss is always to be determined by finding a price level at which the thesis for a trade become invalid. If that level is too far away, based on the pain that you can tolerate, you skip the trade. As you say, the market does not care how much pain you are willing to absorb, so only you can determine that. The moral of the story is that the market does not care, so take care not to put yourself in a position where the market will cause you more pain that you can bear. If the logical… Read more »
rtchoke
Guest

Yes, agree, so using a stop loss that is based on the chart ie, HH’s HL’s, etc. Finding a pivot below which (if you are long), your analysis will be wrong. Okay to admit you are wrong. My motto: Manage the losses, the winners take care of themselves. The other alternative if the stop loss is logical but not within your budget is to drop to a lower time frame and find a trade there that agrees with where you want to go, but allows you to use a logical stop loss within your account size.

Rob B
Guest

Man, someone that actually has read my posts. You got it that is one of my Holly Grails, nothing can be arbritary including profit targets or stop losses. But this was back before I knew better. BTW that was Joes setting 30 ticks not mine.

Cyn
Guest

I read your posts. It is just that so far, there is little that you have written that I disagree with, so there is little that I can contribute. And I hate “Me too” posts. lol.

Rob B
Guest
Oh! this is so depressing. Emmett you are bringing back repressed memories. I must confess to my complete foolishness prior to waking up to the reality of trading. As I have stated I was as big a fool as anyone when I first started to day trade. Went to BMT and Read Lying Dr. Dean’s articles. Based on Dr. Dean I too tried Open Range Trader. He came across as so sincere, but all he did was lose money. And his shills defended him. He just traded the opening range on CL and then eventually add some other instruments. A… Read more »
dtchurn
Guest

I dreank Handley’s kool-aid too for a while and tried out one of grand tetons. The old kitchen video was especially shocking which showed he was probably not making good money from following and learning from the grand tetons trading rooms. If the rooms, sham or not don’t join the tetons or other of his fee proposals, then it seems they could get a harsh review. Example, this video review by Handley of Felton trying to be legit and harsh soon after the Felton tradingschools review.
http://www.youtube.com/watch?v=DdVIL-eXUhk

Rob B
Guest

Gosh I forgot to add the first person they need to lock up is Lying Dr. Dean who self-proclaims he took this con artist trades and made a fortune. I actual hold the Evil Dr as the worst of the worst as his article gives legitimacy to these con artist.

Emmett can you at least inform Futures Magazine about the Good Dr and his scams and hint they might be held liable for publishing his nonsense.

kenneth
Guest

worst of the worst is quite a feat when looking at the nominees for the title…

I guess the good Dr. excels at something

toto
Guest

Futures Magazine is on the scam as well and im sure they dont care..look how they run Al Brooks articles about trading ES for 1 pt all day from your $5k account..also they advertise all the scammers for Traders Expo

wpDiscuz