Rightline Trading

Righline Trading
  • Honesty
  • Quality
  • Cost
  • Support
  • Verified Trades
  • User Experience
2.3

Summary

Please read update dated November 17, 2015

A very honest trading vendor, with what appears to be a pretty good trading product, however he refuses to show a live trading DOM inside of the trading room. Vendor needs to make that final step to complete and total transparency by showing the live trading DOM or trading from the charts. I recommend that the trading community band together, reach consensus, and convince vendor to take that final step. Prospective purchasers currently in the evaluation stage should protest by requesting more transparency.

Sending
User Rating 1 (1 vote)
Comments Rating 1 (1 review)
Pros: Highly credible trading vendor, very honest, very smart, and is a warm and engaging person that cares about the welfare of his customers.
Cons: No live trading DOM inside of the trading room. No trading from the charts. The industry is rapidly and irrevocably moving towards this new minimum standard, the vendor is attempting to hold out.

Please Read UPDATE Dated November 17, 2015

Thanks for reading today’s review of Rightline Trading

What is Rightline Trading? Rightline Trading is a live trading room, an accompanying indicator suite, a personal mentorship package, and a Ninja DOM trade execution add on module. Each of these products can be purchased individually.

The live trading room is moderated Monday-Friday from 8:15 am EST until 12:30 pm EST. The cost of the live trading room is $299 per month, or a lifetime pass at $2,499. The indicator suite comes at a cost of $3,999 and includes: 2 months of the live trading room, indicators, videos that describe how the indicators are to be used, as well as phone and email support. The personal mentorship program is an 8 week, one on one course with the owner of the company Mr. Mark Sachs. Finally, there is a Ninja trader auto execution module where some interesting entry and exit combinations can be auto programmed into Ninja Trader.

A quick review of Archive.Org shows that Rightline Trading came online and began operations in late 2013. They are listed as a Ninja trader educational partner. A deep web search also shows a parallel website titled: Rightlinetrading-Forex.com.

Rightline Trading Online Reputation

A deeper search of Rightline Trading, specifically looking for any negative information pertaining to the company could not be found. I searched the usual sites where negative comments can usually be found: BigMikes (futures.io), RipOff Report, as well as ten levels deep searching on Google for any negative commentary or red flags. None could be found.

Next, I searched the owner’s name, Mark Sachs, specifically looking for any negative online commentary. Once again, I went several levels deep on Google and could find no negative information whatsoever. This is not too surprising considering that the company has only been in operation since 2013. I also searched for variations in the company name and as well on Mark Sachs at the CFTC, NFA, SEC, and any prison records at BOP.Gov. (Bureau of Prisons). Once again, I could find nothing.

Finally, I did a background search on a few specifics regarding Mark Sachs. He claims to have a Phd in Finance. Whenever I see PhD, the red flags starts flying. The last PhD trading educator that I reviewed turned out to be Dr. Vance Cast, a charlatan scam artist that got a mail order Phd and spent 18 of the past 20 years in prison for two separate drug trafficking convictions. When I saw PhD in finance for Mark Sachs, the alarms began howling in protest. In addition, Mark Sachs claims the following: “Mark Sachs has a PhD. in Finance from the University of Pennsylvania, Wharton School of Business. He is a former professor at Jefferson College, Philadelphia”. This is pretty loud resume, the Wharton School of Business is a very famous business school the turned Donald Trump, Warren Buffett, Elon Musk, etc. You can read the names here.

To be quite honest, I was 99% sure that this Mark Sachs character had no PhD in Finance from Wharton, and so I picked up the phone and did what I do best…ruffle feathers and make people feel uncomfortable. However, my phone call was met with quite a nice personality named Rory, whom then passed the phone to an equally nice personality…the PhD himself, Mark Sachs. I quickly explained to Mark that I have had more than a few people lie to me regarding resumes and I would appreciate if he would please take a picture of this supposed PhD and send it over. Approximately 10 minutes later I got the following picture…

Mark Sachs PhD

Ok, so I guess Mark Sachs is actually a PhD and went to Wharton. Yep, I was pretty shocked and little embarrassed. But at least everyone now knows the truth. Let’s move to the live trading room.

Inside of the RightLine Trading Room

From October 5th through October 16th, we recorded each live trading session in its entirety. During this time, we used 3 different alias’s to gain access as trial members. We also logged into each trading session using three different IP addresses to remain anonymous.

The live trading room is moderated by Mark Sachs. Before the trading day commences, Mark gives detailed instructions on how each trade should be exited. In fact, he has a web page dedicated to how each trade should be managed, he refers to these as ATM configurations. Below you will see two screen shots. The first screen shot is for the ES, please notice that Mark builds the ES chart as a 5 tick range bar. Each trade is entered using 4 contracts, with a 6 tick initial stop. The trades are exited as per below. What I really like about this disclosure is that I was able to very clearly build out the automated exits on my own trading platform. The following screen shot would be for the CL and the TF configurations.

atmCLTF ATMes

After I built out the auto exits for each market, I then created the charts as described by Mark. Once everything was set up and ready to go, I then assigned my assistant, Reyna, to do her best and attempt to replicate the trades as per Mark inside of the live trade room. It is important to note that Reyna is located in the Philippines and so we can usually expect that with limit orders, such as what Mark prescribes, are going to have a bit of performance slippage. In other words, a trader that is collocated with a box within the CME’s Aurora, Colorada data center can expect to get better limit order fills than a trader located in Manila, Philippines. Regardless, Reyna did her best to copy the trades as they were called within the live trading room.

What You Will Not See Inside The Live Trading Room

If you have spent any amount of time reading my reviews then you know that I am very critical of trading rooms that do not show a live trading DOM, or do not trade directly from the charts. At no time during the review period were we able to witness the use of a trading DOM or trading from the charts. Big red flag. All of the trades that are called within the Rightline trading room are called out in a verbal manner. To Marc’s credit, ample time is given for order entry. He describes the entries as, “on next bar enter at price X, on a stop”.  However, on several occasions the market gapped past the entry price. Sometimes Mark would call the trade as missed, and other times he would take credit for the trade. To Mark’s credit, on one particular trade in crude oil, we were able to get a fill using a simulator and Mark called the trade as missed. However, we managed the trade as prescribed via the ATM (automated trade management) and the trade turned out to be a big winner of $450.

Overall, during the two weeks of watching and attempting to execute the trades called by Mark, we noticed a disturbing trend. For whatever reason, Mark would get nervous and begin hollering, “GET OUT GET OUT”. This created lots of confusion as the automated exits were already pre-programmed to exit at certain price points. Every time we took his advice and liquidated at the market, we had to take a one tick hit to execute at the market. All of these market order exits robbed of us hard earned ticks from from prior trades. Another thing, after watching hour upon hour of Mark trading, he gets nervous pretty quickly and has a delicate psyche. This might be construed as a person of weak emotional fortitude, however it was my impression that he just wanted everyone to make profits, even small profits, and felt responsible for the performance of the room members.

My overall impression of Mark Sachs is that he is honest and really wants room members to succeed. Sort of like a shepherd tending to his flock, he is a little too afraid that every shadow is a wolf looking to cause harm to the flock. Far too often, the wolf never arrived and if he would of simply stuck with the automated exits, then he would of experienced more winning trades. In particular, on October 13, this was a active trading day and we executed 12 trades. If a person had followed Mark exactly as he called the trades live in the trading room, then this person would of earned approximately $240 gross, and only $100 gross after commissions. However, if a person simply took Mark’s entries and managed the trades in an automated manner, then the same person would of earned $920 after commissions. A big difference. Too often, Mark would cave and liquidate “the runner”, that last unit meant to capture a larger chunk of profits.

Mark maybe a really smart guy with a PhD, but after watching him trade for a couple of weeks, you quickly realize that he is entirely human and has the same emotional reactions as the guy without the PhD. Not sure he is the dude that I want with me in a bar fight.

Tracking Performance

During the trading day, as each trade is exited, Mark will add a snippet of text onto the chart. Each snippet of text would give the performance for the last trade. For instance, he would mark +10 or -10 that signifies if the trade made or lost 10 ticks. I found that his marking up of the charts with text to be completely useless. Why? Sometimes he would mark the charts with the correct amount of ticks and other times he would get it all wrong. For instance, one time he marked the chart as +17 ticks, but only 30 seconds prior, the trade was clearly a winner at +45 ticks. This went both ways, on winning and losing trades. Is he being dishonest or manipulative? No. There was no intentional dishonesty. However, his memory is either getting a little slippery with age, or the markets and managing the room for so many hours is just too much for him to remain an effective thinker.

With the shoddy, in market reporting from within the trading room, I very nearly decided to just scratch the room as a waste of time. However, at the end of each trading session, a person named Leo would come onto the mic with Mark. They would then go over each trade in a verbal replay. I found that Leo’s reporting was really accurate. Very often, Leo and myself would have each days trading session match perfectly. Other days, the ticks reported would be out of whack by +-5 to 10 ticks. Overall, when Leo came onto the mic, I knew that the real results were about to expressed, and not the marked up charts that Mark produced during the trading day. Leo’s end of day reporting is quite good.

If you would like to see the performance for the Rightline Trading room, the results are posted here. How accurate are these results? On average about 85% would be a good and conservative point of reference. In other words, if Mark is reporting $5k in profits, then a more accurate reflection would be $4,250.

Another major issue that is not talked about, nor is mentioned on the performance page is the cost of commissions. The Rightline trading room averages about 35 trades per week. Each of these trades averages 3.5 contracts per trade. So if a trader is paying $4.25 per round turn, and executing 122.5 trades per week, then they would be spending $520 in commissions per week. This big bite of commission will consume about 25% of any profitable trading week. Do not underestimate the cost of commissions. Its spendy, and Mark should mention this.

A Telephone Call To Mark Sachs

After I had recorded the trading sessions, collected the evidence, reviewed everything, made a list of positives and negatives…I will usually call the trading vendor on the phone. I introduce myself and explain that I am writing a review and that I have a few questions. What the vendor does not know is that I have all of my bullets ready to be fired off. Some of these vendors get really touchy, clam up, and some even get downright nasty and begin screaming like a lunatic (That would be you, Mr Rev). Most have heard of  me, that nasty ex-convict at TradingSchools.org and its quite shocking to hear that I have already spent a couple of weeks inside of the trading room, recording every little detail. They know a grilling is about to commence. I have to say that Mark took it like a champ and we actually agreed on most every point of contention.

I grilled him on the use of verbal limit orders and how I quite often was not able to get filled at specific price targets. I was totally shocked what he said next, “Yes, I am aware of this and agree with you. At the end of each trading day, Rory will come into the trading room and report what he was actually able to get filled”. How can I argue with someone that agrees? As we went through the list, I was quite surprised that he was absolutely aware of each point of contention. Refreshing to have such brutal honesty coming from a trading vendor.

My Overall Impression

Mark Sachs is not a hustler. The guy is honest. Really honest. And he is really, really smart. He doesn’t proclaim to have any magic indicators or “hidden order within the universe” or Gann crystal ball, magic order flow analysis, or any of that BS. Rather, in speaking with him, he attempts to explain that the basis of his trading was formed over 30 years ago,

For my thesis I helped develop, along with the US Navy “AESOP”, Automated Engineering and Scientific Optimization Program. Thirty years ago it was a breakthrough, back in the day when the University of Pennsylvania had the only computer in the United States and it was programmed via the use of punch cards. The mathematical principals of AESOP are what drive our trading software today.

Mark Sachs is credible, and he gets in that live trading room everyday, in front everyone. On that brutal stage and does his best to guide everyone to a daily profit. Its tough. He does it live for all to see. But the one big hiccup is that trading DOM. He needs to make that final step, that one final push that so many others have now taken. That last piece of ultimate transparency and credibility…the live trading DOM.

Wrapping Things Up

I so badly want to give Mark an awesome, 5 star review. But I cannot. In the past year, I feel like I have done an effective job at convincing many trading vendors to make the leap and show the DOM or trade from the charts. I dont know what’s holding Mark back, but at this time, he just wont commit to doing it. The trading educational industry is now quickly adopting this new standard, and the folks that resist are going to see their businesses suffer. I hope to bring just enough suffering  and pain to Mark so that he makes that final move into the grand pantheon of complete transparency. I hope that my review is warm and bright, but not so glowing that Mark continues on the current path. Come on Mark!

The path to sustainability for this wretched industry needs to be begin with a standardized minimum of showing a trading DOM for all live trading rooms. Once the trading rooms are on this path of transparency, then the focus needs to be an all out, brutal offensive on the indicator salesman.

Well that its it for today. Thanks for reading. And don’t forget to leave your comments below. Even the most vicious, hateful, vulgar ornery trolls with find that their voices are heard.

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105 Comments on "Rightline Trading"

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Mark E
Guest

The degree picture he sent was for a BA, Baccalavrei Artivm, not a PhD.

Matchell
Guest

And it dosen’t even matter if the Dr has a good trade record , so he can’t trade his own system so what, can some one who has some trading skills be able to make money using his system that he has created, in your opinion which I value

Goagal
Guest

“so he can’t trade his own system so what”

So what? Coming up with a system entails trying out various ideas, seeing what works and what doesn’t, keeping the former and tweaking the latter until the whole is optimized and becomes “the system”. So by definition “coming up with a system” === “successfully trading the system”, and hence your statements make no sense. Please stop giving others advice.

Matchell
Guest
If guy has created a system that can look at 6 correlated markets at once if true , thats something to pay attention to dip shit, who cares who he is or his past its about getting an edge – Hows that for advice Dummy, doesn’t matter how long or successful you are at trading , this business is always changing market conditions and recognizing that will give an edge and you never stop looking to improve your edge. Just because you or him can’t find the edge in ways that can be useful doesn’t mean others can’t, Yes I… Read more »
Matchell
Guest
Emmett, no one should care about Sachs past or anyone’s, all have a shady past some worst than others, this is all about business and if anyone here thinks they are only doing business with righteous people in their daily lives then they are delusional, we are are all business men when it comes to trading the only thing that matters is does this system work and can produce signals, and make money, that’s all that matters. If so than the DR has provide a good service but is a shitty person more than others so what, its about making… Read more »
majormongo
Guest

Speaking of POS scam artists…I think Emmett takes the cake. Nice Job Emmett on this rave review of just how trustworthy and honest your endorsements are…who’d listen to a fraudulent con artist such as yourself…just idiots who can’t think for themselves.

A Review of Emmett Moore

Kramnor
Guest

On July 7 there was a $1847 loss not counting fees. I tried uploading a pic and it didn’t work. Let’s see if he posts this on his performance report or waits until the end of the month to just post the monthly profit/loss.

Osikani
Guest

What is the normal size of a losing day?
What is the normal size of a winning day?

Until we know the norm, values are just meaningless values.

Kramnor
Guest

That is not the point of my post. Will he log it on his performance report or not is the issue. In June another poster said he had a big losing day in June and never posted it, just the monthly report was posted. As far as your question, just look at his performance report.

Osikani
Guest
I see 6 down votes on my question, as if the voters think that I am supporting the Trade Room. I find that funny as I really believe that between Rob and I, it would be a bit hard to see who has been excoriating trade rooms harder. But that does not change that fact that we have to have all the facts on any case. Yes, I misunderstood the import of your question, but as far as trading was concerned, all that I read was a report of a certain size of loss. I was simply trying to clarify… Read more »
Kramnor
Guest

Here is the pic

Image-1.jpg
Deb
Guest
I just want to thank everyone here for making comments! They are not only entertaining, but informative and eye-opening. I appreciate Emmett’s extensive research and the research of the posters here. But I also appreciate the poster who was happy with Right Line Trading, not to mention the people who tried it and found that it failed. And I appreciate the person who is trying to learn more info from the person who is happy with the platform. I love the posters who point out logical fallacies from the other poster’s statements (on both sides of the argument). I tend… Read more »
Matchell
Guest
Deb do yourself a favor don’t ever follow someones trades in a room, if you do only do maybe swing trades that way, but learn to trade on your own, I have never found a vendor that can truly trade their own system lol and i mean ever. learn the 4 diff market conditions, and only trade in the trend condition, the first pull back in a new trend, once a day in only one market, and what ever your profit is for that trade your done for the rest of the day, that is the only way I have… Read more »
rtchoke
Guest
Matchell, I have a few comments on your advice to Deb. (1) How do you define the “4 dff market conditions”? (2) you say trade in the trend condition. Trend is determined by the time frame you are trading. So if the daily is trending down but the 15 min chart is trending up and you are trading the 15, then the trend is up. So as a trader, you have to decide which time frame to trade and how that is affected by the higher and lower time frames. For example, if you are trading the 15 min chart,… Read more »
Matchell
Guest
rtchoke, your correct on all levels, thats why I told her to learn to trade her self, I just point out some real time advise that could get her in the right direction, instead dittering around for a long time and not knowing maybe where to start, what I told her is not a system or method just a starting place of how everyone that makes money at this , looks at the market , focusing on one market and one and done is a great place to start, if starting out – her emotions are the biggest factor not… Read more »
rtchoke
Guest
matchell, Very nice. Everyone has there own system and finding one that works for you is very important and especially for someone just starting out. I congratulate you on a successful system. You’re right, not many people have 45 consecutive winning days. I’ve traded for more than 15 years, use multiple time frames and trade several markets and I don’t stop after 1 trade, so our systems are very different. That’s fine, yours works for you, mine for me. I actually don’t trade the ES (too sexy for me). (Old joke: you go to a party and tell people you… Read more »
Matchell
Guest

Lol Es I don’t trade anymore,it was just moving good and predictable at first hour a year ago, Now only ZB 4 Ticks a day if trending, if its ranging then I look at NQ or I don’t trade, CL overshoots every thing so I stay away and only trade what is predictable volatility at moments. Its now been 10 years, futures only 3.

Cyn
Guest

“… only trade in the trend condition, the first pull back in a new trend”

How do you know it is a pullback, and not a reversal of the trend into the other direction?

Matchell
Guest
You can never know 100% But There are many ways to measure the market at that moment – I use a 20 and 50 mov avg and the slope of both plus a momentum indicator MACD, when all line up and price pulls all the way back to a sloped 50 and touches , and a higher time frame confirms the trend and momentum then I will enter on break of the prior bar high if going long or low of prior bar if going short, Target the last pivot, place stop at pivot and dont move , if price… Read more »
Rob B
Guest
‘I tend to be a trusting person and really have a hard time believing that someone who sounds earnest and intelligent (like Mark Sachs) could possibly be lying.” This is what they count on. This industry is nothing but low life scum bag scam artist. I know that is hard to believe if you are a trusting person. There is a reason Emmett begs these guys for any proof what so ever of profitable trading and they can produce none. These guys are masterminds with shills claiming to be hitting it out of the park. They sound so caring and… Read more »
Todd
Guest
I was in the room maybe 6 weeks ago or so. He seemed to take trades that didn’t ‘line up’ with the majority of his indicators that he would say he is looking to line up. I am on his mailing list and all he is putting out there as far as advertising, he is pushing his “Algorithmic Trading System” which he claims is now active on 6 markets but he will only allow you to use it on two, for the amazing price of “3999.00” which is a whopping discount off of the normal price of $5999.00. If you… Read more »
Tamiaya
Guest
Right Line Trading is now the Wrong Line TradingToday marks the one month anniversary since the Feb. 24 collapse of the discretionary trade account in which in that one day the loss was greater than the entire years gain. Since Feb 24, there have been 16 losing days and 4 winning days. Based Right Lines minimum recommended account size of $5000, the last months losses would be 130% of account size or a blown account and then some. Right Line obviously does not want a newbie to know this since Right Line has stopped showing discretionary performance on their website.
Rob B
Member

This industry is nothing but con artist. Remember that when you read all those fake posters saying how great it is. I will point out one other thing, right now I hear via the grapevine there is a trading room that Emmett might give a high star ranking too. Lets say he does and then 200 people join it; you think when 200 people all take the same trade it will still work?? People making the same trade effects the market.

Tamiaya
Guest
Right Line has not updated their discretionary performance since Feb 24. On Feb 25, they lost the entire year of profit in one gigantic losing day. Since that catastrophic day, there has been an additional 18 trading days to date. I counted 14 of those 18 days as losing days. Of course, you would never know this because after February 24, Right Line has just given up and no longer posts their discretionary performance. If at some point in the future they ever do update the performance it will BS. Right Line thinks that if enough time lapses in updating… Read more »
Rob B
Member
Tamiaya, Welcome to the world of trading rooms. From my experience every day trading room is a “SCAM” I still check out trading rooms going to their free trial and even paying for a month to see if I can find that unicorn and so far I have yet to find one. I am in a trading room right now that must read Emmett’s blog because they know all the right words. They claim to trade live and show you their brokerage statements. But the whole thing is a scam. The results they post are not only inaccurate they do… Read more »
sam
Guest
Exactly RobB, some of these trading rooms use every trick to churn members in and out. They would like to have long-term subscribers, but they know when most have lost more than half of their account in a couple months those members will have checked out and most of them will not even dare to comment on review boards. Like I saw the chat room in Warrior Trading recently. They change their chat room plants about. Often they supposedly take trades not even mentioned by Ross or Ed, I suspect to pretend they are long time “successful” chat room members… Read more »
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