Rightline Trading

Righline Trading
  • Honesty
    (2)
  • Quality
    (3)
  • Cost
    (1.5)
  • Support
    (4)
  • Verified Trades
    (1)
  • User Experience
    (2)
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 Review
1.46 (13 votes)
Comments Rating 1 (2 reviews)
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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dave
dave
1 month ago

the degree pic from U of P for his baccalaurei artium is his bachelor of arts degree

ihttps://mymemory.translated.net/en/Latin/English/gradum-artium-baccalaurei

not his PhD

Ray
Ray
1 month ago

What does the DOM mean or refer to?
Thanks

John
John
3 months ago

After watching a lengthy webinar sales pitch, I asked this vendor to provide an equity curve from a live trade account. No response. I asked if their indicators could be used in an auto traded strategy. No response. I unsubscribed but kept getting emails from them. Several times I asked them to stop sending me spam. They kept sending me spam anyways. I warned them I would contact the Federal Trade Commission (FTC) if they didn’t stop spamming me. They ignored that warning. I then forwarded the response I got from the FTC which said spam from Rightline Trading was now being automatically monitored and collected. Within just 64 minutes of that email I got a response from RightLine trying to shame me for contacting the FTC. I recommend to steer clear of these folks. They know their trading stuff isn’t profitable and are only in the business of selling hope, not results.

connie jerseyman
connie jerseyman
1 year ago

Mark Sachs is an EX CON

(1)

Dr Mark K Sachs at right line trading is an EX CONVICT! he is a oxycodobe pain dr! he was arrested by the state and fbi for running scam pain clinics. he served a year in miami county jail for lying about his alimony and scamming his wife out of millions. he was a scammer fake plastic surgeon who messed up countless women.

Pros

  • none he’s a lying criminal.

Cons

  • ex con
  • liar
  • fake surgeon
  • failed doctor
  • failed man who is gay

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Cristian
Cristian
1 year ago
Mark E
Mark E
3 years ago

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

Matchell
Matchell
3 years ago

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
Goagal
3 years ago
Reply to  Matchell

“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
Matchell
3 years ago
Reply to  Goagal

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 will give advice because I know the pain of losing and have found being consistent comes from open mind and seeing things others refuse too see from being ignorant.

Matchell
Matchell
3 years ago

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 money with good business decisions, I don’t make money judging other peoples fucked up past, wish I could. So can a person make money with this system that is all the matters.

majormongo
majormongo
4 years ago

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.

http://tradingschools.info/2015/08/05/a-review-of-emmett-moore/

Kramnor
4 years ago

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
Osikani
4 years ago
Reply to  Kramnor

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
4 years ago
Reply to  Osikani

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
Osikani
4 years ago
Reply to  Kramnor

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 if that is the norm. I really should have looked harder at your last statement.

Unfortunately, in the kind of English grammar that I was taught, the lead statement in the paragraph is the import of the paragraph. If your statements were put the other way around, I would have grasped it at once.

Of course, that does not change the fact that I missed your point, and for that I apologize.

Kramnor
4 years ago
Reply to  Kramnor

Here is the pic

Deb
Deb
4 years ago

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 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. So I need posters like you guys to remind me that practically every trading educator is probably a pathological liar. Lord knows, I’ve lost sooooo much money trying to follow various educators out there (not just on education fees, but on the trades themselves).

For a long time, I tried to follow John Carter’s trades and somehow I only managed to get in on his losing trades – over and over again. It seems without exception, I could never get filled on his big winning trades. It just made me sick to watch him make so much money on trades that I either (a) couldn’t afford the risk, or (b) couldn’t get filled anywhere near the price he got filled. Then he posts pictures from his vacations in Grand Cayman with his family. It seems like he goes on vacation every month. Oh, and he doesn’t trade on Mondays or Fridays (unless he does, in which case I never find out until it’s too late). Gees, it must be nice. While here I am — the bozo who can only place losing trades when trying to follow him and he’s sitting there in his infinity pool looking out over the caribbean ocean. But I’m not bitter or anything (LOL!). Sorry for the rant… just got carried away.

So anyway, I want to thank Emmett and everyone on this site for posting their experiences. It helps me understand that winning in the stock market (or options market, in my case) is really tough. And that an inordinate percentage of scammers sell trading education at exorbitant prices to suckers like me.

Keep up the hard work and diligence. It is sincerely appreciated!

Matchell
Matchell
3 years ago
Reply to  Deb

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 ever made money consistently in futures trading

rtchoke
3 years ago
Reply to  Matchell

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, what are the roadblocks on the 60 chart and the 3 min chart?

(3) you say trade the first pull back. How do you define that and where would you enter? You probably wouldn’t want to be the bottom feeder so how do you define when the pullback is over? Probably when the market starts to move in the direction you want to trade. But again, a trader has to determine what that point is. Higher high, lower low?

(4) You say trade once a day in only one market. Now focusing on one market is probably a good idea as you are learning to trade. But if you’re only taking 1 trade a day, what do you do if that first trade is a losing trade? You stop?

That would mean you’d probably have to have a very very high percentage of winners. Why not develop a system that allows for a loser but overall will produce an abundance of winners. That way, you continue to trade, you limit your losses and accept them but count on the winning trades to outperform the losers and overall contribute to a profitable system of trading.

If you trade once a day and then are done for the day, then I’m assuming you must have a good trading system, and a high percentage of winners, which would mean you could probably trade any market and more than once a day.

Just my 2 cents.

Matchell
Matchell
3 years ago
Reply to  rtchoke

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 any system she will trade, she will quit after a loss anyway and should to preserve her capitol until she knows more and builds confidence, but if she develops her skills around what I said she will have a lot more winning days than losing as long as she figures out how the structure and right market and conditions are, and the right bar type to use or time frame to using multi time frames like you say, but I use the multi time frame momentum not just trend, but I was just telling where to start case eventually she will end up there anyways. And yes be one and done and just compound your capitol instead of giving it back when there is no more strength in the market, you know its there for the first hour after that your a fool to put your business at risk anymore, she gets confident and learn her market she can take all the trades she wants in that first hour.

And yes I can, and do have a wonderful system as long as I follow the rule of one and done, 1 ES Point is 50.00 x that by 20 and it is 1000.00, trade to make a living not to be right or prove your a great trader I had a 45 day winning streak last summer of making 1 point in the ES, NO STESS and money in the bank my first consistency ever. And what I know is theres not a lot of people that can say that. GET YOUR WIN AND STAY OUT.

rtchoke
3 years ago
Reply to  Matchell

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 trade the ES, they flock to hear who you are and how you do it — very sexy. You go to the same party and tell people you trade corn, they ignore you, figuring you’re some redneck who knows something about fertilizer.)

No I don’t currently trade corn but there are plenty of markets and plenty of different systems you can learn or explore using any of the indicators or ideas already in the market — no need to reinvent the wheel. Just as you say, develop your own system instead of traveling from trading room to trading room waiting for the guru to lead you to your millions. You can be your own guru.

Nice to hear you are doing so well.

Matchell
Matchell
3 years ago
Reply to  rtchoke

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
Cyn
3 years ago
Reply to  Matchell

“… 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
Matchell
3 years ago
Reply to  Cyn

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 goes against you get out when price isnt doing what you expected. Just a simple method nothing fancy, pay attention to all the supp and resist areas. And only do it once a day first hour of trading.

Rob B
Rob B
3 years ago
Reply to  Deb

‘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 sincere, but they have only one goal and that is to depart you from your money. These people prey on foolish people looking to get rich fast. And there is no shortage of people for them to prey on.

Unless you want to be scammed do not trust anyone in this industry unless they show actual proof with live brokerage statements showing profitable trading. Not some Excel spreadsheet or Tradervue non sense. Live brokerage statement only.

Todd
Todd
4 years ago
(1)

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 go on his website, it shows 22 trades with 19 winners and 3 losers since January 19th, which is over 2 months, if you were to even believe a spreadsheet as proof ( ha ha) and the last trade was apparently on March 18th. Whatever he was trying to do as a result of his original review to have any integrity looks to have caused him to crash and burn fast

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Tamiaya
Tamiaya
4 years ago

Today 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
Rob B
4 years ago
Reply to  Tamiaya

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
Tamiaya
4 years ago

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 performance (a month or more), no one will notice them posting BS performance hiding the overwhelming losses. That may work for those who not keeping track or for the naive, but it cannot be hidden from those who have had their accounts wiped out. The problem I see with Mark is fairly common in amateurs … trading with no patience and no discipline.

Rob B
Rob B
4 years ago
Reply to  Tamiaya

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 not even show slippage. Just the other day they traded PLCE and at the time of the trade this stock had a 60 cent bid/ask spread and they used a $1.00 stop on a this stock with a 60 cent spread. And they were entering and exiting on stop market orders. The price went up and then fell. The trading room operators states he is going to BE and on the posted results it shows they broke even. What a bunch of crap. If you traded it live you took a 60 cent hit on the entry and another one of the stop. So while they claimed they broke even you lost over 1 R and that is how all their trading goes. They make 1 R you are lucky to BE and when they lose 1 R you end up losing 1.5 or 2 R. The only way they make money is off their non stop pushing of their education courses and their trading room fees. No wonder there are no long term subscribers. Which is another thing to look for. If a TR operator could really trade profitably then they would have a waiting list to join as no one would leave the room.

If you find a day trading room that truly trades live, shows their DOM or Chart Trader, clearly calls out the trades in time for a human to react, opens up their brokerage account live to show you their exact entries and exits and accurately post those results, and can trade profitable over time you have found the Unicorn and please let me know. In fact I would pay money to find that person. But so would everyone else which is why they do not exist.

sam
sam
4 years ago
Reply to  Rob B

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 who can trade on their own. Occasionally a real member, a new dupe will complain they lost half their gains from the previous week or so. Or one would blurt out they had enough of the room after six months and continuously losing money and don’t get how others are making money in the room and the plant members will feign sympathy and say they need to work on their money management or some other nonsense etc. when the hosts don’t even follow their own rooms and average down or up all over the place like a magic show. Since Emmett’s review, members are quickly shushed or muted or booted or whatever to leave the plants talking about their sim trading nonsense. Whatever works to keep people in the room for at least a month while they go on full marketing for new members on investi-scamma and other places.

Paul
Paul
4 years ago

Tony C., are you still using Right Line’s system? It looks like it has been losing serious money lately. I’m not trying to criticize it, just trying to see if you have any variations or angles on it that make it work better. Thanks again.

tony c
3 years ago
Reply to  Paul

Hi Paul.. I just saw your question and that is the reason that I did not answer sooner. YES I still trade the Right System and it is profitable. It undoubtelly gives many Excellent high probability signals that have over 80% success rate in my opinion. I could and will do better and be more profitable with it as I conquer my lack of discipline and fear of missing out on trades.
I’ve made the system my own by making the chart easier to read and adding two other indicators that are not really needed, but I had them from way back.. One is a candlestick pattern indicator which is free on Ninja. It prints the various candlestick patterns. I especially look at the Engulfing candles and their location. The other indicator I’ve added is Jeffs Dots from Big Mike.
I think that we must understand that any system can be profitable or looser depending on who, when or how it’s traded. Everyone can trade it differently and take conservative or aggressive trades and get different results. Even the best system in the world can be a looser at times or always depending upon how it’s traded.
Now I don’t follow all of Mark’s trades. Sometimes he has taken some very aggressive trades and lost serious money. He shows the Dom but still trades in Sim I believe. He does not show statements as some here keep on repeating and insisting as being the absolute criteria to evaluate a system. But let’s think about it.. Suppose a trading room did show his statements and they show a profit. Does that mean that anyone can trade that system and make a profit? Of course not. Does it mean that the room trader will continue to make a profit? Of course Not.
His strategies are continuously being updated and improved. So a lot of testing is being done.
When I update my computer monitors I plan to do better in that I will be able to follow more instruments. The ones I like in sequence are Crude, Russel, EMD, Emini, Gold and the 30 year Bond. The Right Line system gives excellent signals on these markets. Take care

Rob B
Rob B
3 years ago
Reply to  tony c

” Suppose a trading room did show his statements and they show a profit. Does that mean that anyone can trade that system and make a profit?”

No, but if the trading room operator can not trade his own system profitably it is virtually impossible that someone else will somehow miraculous figure out how to do it.

As a wise judge once said, “victims of con artists sing the praises of their victimizers until they realize they have been fleeced.”

Being Rightline cannot show any proof he can trade profitably, I am sure Emmett would love to see proof of profitable trading by his students. I am sure you are an honest real person and not some shill so why don’t you provide such proof or is this where you say, “well I am not actually trading live yet” or worst state, “I do not need to show proof.” Well when you are shilling and promoting a con artist you do need to show proof or what you say has zero value in my book.

BTW, “Excellent high probability signals that have over 80% success rate in my opinion.” If you are actually trading oil and getting that win rate why would it be an opinion? You should know your exact win rate from your live trades should you not?

Sorry, but I am sick of shills coming here promoting some non sense trading method and yet once again show no proof of consistent profits. The chances of some underfunded individual trading a highly leverage, highly volatile oil future with an 80% win rate (unless you go for 1 tick and risk 5 ticks) and being consistently profitable doing it is zero. Talk is so easy, it is showing any proof that is difficult, which is why non of these trading rooms can show any.

Bill
Bill
4 years ago

Real Simple..
Every platform provides reports to show your results.
They can easily be provided (without an account number) and we could all eat crow with some hot sauce on it .
10 years ago, putting something in Excel would have duped 80% of the non-technical crowd. Today, 80% of the public knows what the hell a spreadsheet is and they are not impressive or proof.
Amazing how all these trade room bozo’s want to be open and transparent after they get caught …

Rob B
Rob B
4 years ago

Well Golly Gee you must have been having an off day. First thing when I woke up I went long CL for 1000 ticks, yea I know it did not go up 1000 ticks but that does not matter. Then I went short for 2000 ticks. Then I realized I had traded for a whole 30 minutes and was done. Can you believe I use to work an actual job where I worked 40 hours a week. I mean with my $1,000 account I am just nailing it every day using what I learned from good old RL. I am happier than a tornado in a trailer park. Even if you never traded a day in your life you can make money using this method. No where I come from your word is your bond, so you know I am telling you straight up how it is. Forget all those naysayers asking for proof. What the hell do they know. In fact I know for a fact they are a bunch of Commie Pinko losers. They do not know how easy it is just make money hands over fist. Don’t listen to those losers, just send in your money and start trading away the RL way. In no time with that $5K account you will be making 100 ticks a day like a paycheck with an 85% win rate. Heck you will even forgot what having a losing trade even feels like.

Well I am off to buy a new Lamborghini with all those ticks I made today.

And do not forgot when some post ask for proof, you just say you are nothing but a Commie Pinko Loser. I do not need proof. I got my man Rob B word for it. Like George Washington he can not tell a lie.

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