Rightline Trading

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

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.

2.3
User Rating 0 (0 votes)
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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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104 Comments on "Rightline Trading"

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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.

Kramnor
Guest

Here is the pic

Image-1.jpg
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 »
Joe
Guest
A typically good review Emmett that captures a lot of my thoughts – good and bad- after attending a trial in Mark’s room last year. Come on Mark! Just get the DOM on view , or even better chart trader. It’s a crucial final step that will get me and no doubt others beating a path to your door. Otherwise – what is your reservation about showing the DOM? You know deep down there is no legitimate reason to hide it from your subscribers. See it from our perspective please. We need 100% clarity & transparency. As they say –… Read more »
Brian Woodrow
Guest
Brian Woodrow
Mark is honest about everything, except for lying about his Ph. D. He doesn’t even have a fake one. Emmet, I don’t speak Latin, but I do speak enough English and French to suspect that BACCALAVREI ARTIVM does not spell Ph.D. Ask him for a photo of his Ph. D and he sends one back of a BA. Obviously this guy thinks his victims are idiots, so why give him a five star rating on honesty? Because he admitted to you on the phone about how hard it is to get fills on limit orders? Fine, but this is not… Read more »
David C
Guest
Now this is interesting. There apparently is a MEDICAL doctor who went to Penn, and then went on to teach at Jefferson MEDICAL College, by the name of Dr. Mark Sachs (see below links): http://ezinearticles.com/expert/Mark_Sachs/437951 http://www.zoominfo.com/p/Mark-Sachs/1867630436 What are the chances that there would be another Mark Sachs, who got his Doctorate at Penn, and then also went on to teach at Jefferson College? I suppose it’s possible, but it has to be unlikely. I wonder if our good Dr. Mark Sachs might have actually went to Penn, but really got his Bachelor of Arts there (no Doctorate, and no professorship… Read more »
Brian Woodrow
Guest
Brian Woodrow

His ezinearticles.com profile says to “Google: “Sachs MK”, to see a complete listing of his publications.” I did. I did not see a complete listing of his publications, but I did find this publication: http://jacksonville.com/news/crime/2011-10-11/story/doctor-charged-oxycodone-trafficking-miami-saw-significant-number

His mug shot seems to line up with his other photos.

David C
Guest

Nice find. It certainly looks like the same guy to me.

Brian Woodrow
Guest
Brian Woodrow

By the way, you have to Google “Dr Sachs MK” to find the article at jacksonville.com. “Sachs MK” turns up nothing.

David C
Guest

The degree in the photo is a Bachelor of Arts, by the way. Artium = Arts

David C
Guest

BA, as Brian already mentioned.

Jim
Guest

Hey Emmett
How about harnessing all these research people that are here by posting a list of who you are going to look into.
You could add a tab above with pending or potential reviews.
Oh and I think BA must mean Bad Ass?
Jim

Brian Woodrow
Guest
Brian Woodrow
Jim, A few things to keep in mind: Emmett works undercover, so he doesn’t want the vendor that he is scrutinizing to be aware that he is watching them. Also, there is no vendor that is exempt from scrutiny: the full list would include ALL vendors. Furthermore, after the review is posted they still must be monitored to maintain their integrity. Emmett has written that he wants to develop a team of full time reviewer/traders to be able to keep on top of as many vendors as possible. He would encourage you to submit your own leads to him and… Read more »
Traderguy
Guest

How’s that review of OTA coming? I have all of their courses if you want to trade notes.

David C
Guest

The other interesting thing about that diploma in the picture is that it doesn’t have his middle name. Most diplomas that I have seen include the recipient’s middle name, in part to help differentiate that person from someone else who has the same first and last name (although I don’t think it’s a hard-and-fast rule).

Case 4Schiller
Guest
Case 4Schiller
I did the free trial in that room TWICE this year because i really tried to make it work and really tried to match their trades. First of all the trading room is on a HORRIBLE chat relay service I think HOTCOMM. The standard should be either GO2MEETING or OMNOVIA i don’t know why they use such cheap-ass screen sharing service that feels wrong. He trades on RANGE charts and it’s very gappy and it is NOT EASY to get filled on many trades (GC and TF especially) will gap away from you like a bandit….. he’d be better off… Read more »
J Santos
Guest

Case 4Schiller, I am interested in pursuing your recommendation of Craig Hill. I didn’t find any recent reviews. Some on BMT and ForexPeaceArmy are very old. If you wish to send a private message: joaobucks ‘at’ gmail.com. Thanks

barry k
Guest
Well, I have some more bad news for those who wish Mark Sachs were honest. Emmitt, you need to do a better job at searching. When Mark first stated RightLine, he told me he is the same person in this press release. Notice the last paragraph. https://www.rjobrien.com/about/pressrelease/id/97 In addition, when Mark was being evaluated by Handley, it was discovered that Mark would occasionally show his DOM and claim it was from hisreal trading account, when it turned out to be SIM with a fake broker account number. Mark is at best a fraudster and at worst, a pathological liar. Perhaps… Read more »
Brian Woodrow
Guest
Brian Woodrow

I also Googled this, “Mark K. Sachs, MD, FACP” and I found this, http://newsroom.doh.state.fl.us/wp-content/uploads/newsroom/2011/09/ESOMarkKSachsMDMiami.pdf

Barry K
Guest

The evidence is mounting that Mark K. Sachs, the pill mill pusher, indeed the same person who operates Right Line Trading. Or perhaps this is a just a one in million coincidence.

http://www.corporationwiki.com/Florida/Village-of-Palmetto-Bay/right-line-trading-inc-6362257.aspx

Rob B
Member

Man the posters on this blog are better than any investigative journalist out there. Hmm, so let me get this straight Emmett’s 5 star honesty rating goes to a guy who lied about his PhD and all his member are addicted to oxycodone that he subscribed. I wonder if Rush Limbaugh was one of them. LOL does not do this one justice. I think it is already time for an update review on this trading room.

Brian Woodrow
Guest
Brian Woodrow

Let’s not be too hasty, Rob B. It has only been two days. I can eat some humble pie and say that I decided that Mark wasn’t a doctor because he didn’t show his Ph. D. in the photo. I thought he was trying to hide the lack thereof. Maybe he was trying to hide his middle name and his doctoral reputation.

Brian Woodrow
Guest
Brian Woodrow

Whoops! I just reread David C’s comment, and the article again, and I just realized that Mark was claiming to have a Ph.D in finance. Of course, that was what he was hiding. Nevermind, I was right all along.

Rob B
Member

Brian,

Even the greatest con artist of our time like Bernie, http://screencast.com/t/6379jiDGs8Z, or Emmett are no match for these Trading Room Con Artist. They are just the JV Team. I know I put a burr under Emmett’s saddle now. LOL

Carley Winters.
Guest
Carley Winters.

You all are close on your assessment of Dr Mark Kenneth Sachs. He founded right line trading years ago. Check out http://www.sunbiz.org. The Fla Dept of state site on corporations. Mark IS THE MEDICAL DOCTOR who was arrested for having a PILL MILL in south Florida. His DR license was suspended. He’s been in jail a number of times too. The last time for almost a year. He’s had racketeering charges, fraud and contempt charges brought against him.

He is not honest and a fraud.

Carley Winters.
Guest
Nicolas COLIN
Guest
I was in the trading room from January to March of this year. There was a promo: 3 months access for the price of 1. I followed their calls during only 8 days. Pros: none. Cons: 1- As you mentioned, problems to be filled with limit orders. 2- They never experience slippage. You do with real account. It makes a huge difference with such small profit targets (check their ATMs) 3- Here is a comparison of my results and theirs during these 8 days: http://screencast.com/t/8Jy9bDZof3Q4 FYI, I stopped trading earlier than them on my first day, hence the big difference… Read more »
Barry K
Guest
Well, it’s clear at this early juncture (post review) that Mark is really no different than the other thieves in this business. He blatantly lied about having a Phd from Wharton; he blatantly lied by telling me he was the same person as the Mark Sachs in the press release, who has an extensive executive career in the futures industry (I have email confirming this); and, he blatantly lied to Handley bout the DOM he occasionally displayed in the room as one from his real money account. Three strikes and you’re out! The 5 Star Honesty rating should be ZER0.… Read more »
Brian Woodrow
Guest
Brian Woodrow

Mark Sachs obviously lied about working with the Navy on AESOP for his thesis. Thirty years ago? 1975. That’s when he got his BA. Seriously? I just found this record of a technical report on AESOP that was published in 1967. Eight years before you got your BA they were publishing 183 page technical reports on AESOP. Just how were you involved in AESOP, Dr. Sachs?

http://ntrs.nasa.gov/search.jsp?R=19680009830

J Santos.
Guest
There is a new sheriff in town: Emmett. But he does not have time to follow up on investigative details 24 hours a day. I am glad that he did not follow up on the validity of “Dr.” Sacks diploma because this provided the opportunity to show how his blog audience is fiercely engaged. Emmett is like the leader of a pack of hyenas. After the initial attack, no scammer survives the scrutiny pressure from us all. This uncensored blog, with no “elite” fee, already shows more effectiveness than any other of its kind. I have read thousands of reviews… Read more »
Tom
Guest

This site brings down another one.
Keep digging folks, it pays off. Just like Global Trade Room, the more you dig the more dirt piles up …

Hommie
Guest

Good job, guys. This website is so good. Why no tweets are posted?:(

Judy
Guest

Mark Sachs is the same M.D. Dr. that got convicted for some kind of scam with drug prescriptions. He’s smart he’s has degrees but he’s also a convicted criminal that does do shady stuff with his trading. I think sociopath a really good taLker I think fooled Handley and almost this review. Great blog caught it!!!

Ron
Guest

Wow! And I thought I was going to do OK using Right Line. Just goes to show you. There isn’t too many truthful traders out there. I wish there was just one that didn’t ask an arm and a leg to learn this deceitful business. Any answers out there in Investigation land? You guys are the balls for digging up dirt. There must be at least 2 or 3 that are reputable. If you know of any besides this craig hill’s trading concepts. Please share them with the room. Great fishing guys.

tony cavallo
Guest
tony cavallo
WOW.. reading all these negative comments and hatred toward Prof. Mark Sachs makes me laugh..Yes I laugh all the way to the bank. I bought his system about a year ago and am in his room at least a few times per week.. I make money on a consistent basis for the first time in my trading career. I can trade on my own because the system is easy to follow. It’s hard to get a loosing trade if one follows the rules. I also take some of Mark’s trades in the room.. Sometimes I trade more contracts and trade… Read more »
Stray Dog
Guest

Personally the good doctor’s past isn’t the issue regarding his trading ability but he’d have been better off if he owned his past mistakes and didn’t try to deceive people. I do wonder though if you’re making so much money trading why do you need to be funded by Topstep? Why not just roll your profits into your account until you get that $25,000 – $30,000?

tony cavallo
Guest
tony cavallo

I plan to have more trading accounts and also a Roth Ira which my wife can trade.
I like Topstep because it will shorten my goal since it gives me more buying power now and I can trade more contracts.. Also trading other people’s money makes me feel at easy and is a good combination in my opinion.. I like Topstep..

tony cavallo
Guest
tony cavallo
Hey Emmett.. I I think that you are doing a Great job and providing a great service to the traders by your work.. I hope you continue and check out some of the TITAN rooms that Dr. Handley has recommended. I suspect that some don’t show their performance and don’t meet the 50k a year goal any more. You know what they say about past results.. I know that Dr. Handley is very negative about you. I do respect all he has done and continues to do. He is doing an EXCELLENT job and I respect him.. However I disagree… Read more »
tony cavallo
Guest
tony cavallo
I’m more impressed now and have more respect for Prof Sachs after learning of his long career of a respected, talented and caring medical doctor and thank him for bringing his intelligence and talent to the world of trading.. Maybe his business mistake was a blessing in disguise.. Trading is one of the best businesses in the world and I’m also passionate about it. One can trade and travel etc.. His mistake has absolutely no pertinence and should not influence anyone’s from joining his training room and/or having his software.. I think some mistakes have been made by almost every… Read more »
Tom
Guest

OK , we all understand that Tony likes it.

All I will say Tony, don’t expect your fills in a combine (SIM) to be anything like a real trading account.

Will be a wake up call for sure….

tony cavallo
Guest
tony cavallo

Thanks Tom.. why you say that? have you been funded at Topstep and trading a live account.. what instruments are you referring to?
Please elaborate further..

Paul
Guest

Tony, how has it been going lately with Right Line? Are you trading both CL and ES, and which one is working better for you? Have you tried the new stock trading room?
Thanks.

tony c
Guest
Hi Paul.. Yes Right Line is working excellent for me.. I do take loosing trades especially last December. But that is ENTIRELY my fault. I still take risky trades, trade at the wrong times, and overtrade because I have fear of missing out.. I’m still a crazy cowboy and love to trade. I’m confident and determined to overcome this and be more disciplined. It’s hard to get a loosing trade if one follows the rules of Right Line. There are about 3 trade setups that have well over 85% success rate… The C trade, The power signal AFTER an MA… Read more »
Paul
Guest

Okay, thanks, Tony !

Stray Dog
Guest

“Mark is the most professional and honest person that I’ve ever encountered in this business.” – except of course for all of the lies that have been pointed out by Emmett and other posters in this thread. I mean apart from all those lies he’s the most honest person on the planet.

tony c
Guest
OK Stray let me try to explain so that hopefully even a five year old can understand.. This is where I’m coming from… First of all I’m assuming that Tradingschools is a site that evaluates trading systems/rooms and how accurate/profitable they are so that hopefully we can decide to join or not. I place ABSOLUTELLY NO importance on the past, present or future personal/business life of the person who running the room… I have followed Prof Sachs for close to 2 years.. I bought his indicators and been in his room most of the time.. It is profitable and getting… Read more »
Rob B
Member
Let me get this straight you think Mark the pill pushing doctor who lied about his Ph.D from Warton is honest and trustworthy? Just out of curiosity do you think Benedict Arnold is a war hero and Bernie Madoff is a humanitarian? Fine you say forget the past. The one thing I noticed is Mark never showed Emmett any actual brokerage statement that he can truly trade profitable. The sad fact is it takes the smallest manipulation to turn a losing trader into an amazing winning trader. It is just so easy to fake profitability and people fall for it… Read more »
tony c
Guest
Hey Rob..First of all I DID NOT state that I or RL have a 85% win rate. I said that there are certain trade setups that have an over 85% success rate. However Winning rate is meaningless. One can take 10 trades with 9 $100 winners and one $1000 looser and have a 90% winning rate. Regarding broker statements. I would like to see and It’s nice that one shows past brokerage statements.. However they are not absolutely necessary in my opinion. There might be one or 2 who shows them. However I don’t know of anyone.. and I’m NOT… Read more »
Rob B
Member
Anytime you vet someone it only reflects the past. If you invest in a mutual fund that had great returns in the past it is no guaranty of future success. But you cannot be naive enough not to realize the Trading Room industry is full of scam artist whose sole goal is to depart you from your money. If you are not going to vet you get what you deserve. I agree win rate means little but I was not going to bring up that issue as it is a discussion in itself with invested risk to reward trades and… Read more »
tony c
Guest
You say.. “So the Trading Room operator actually showing any proof what so ever they can trade profitably is not important to you. What can I say. Let me know how that works out for your over time.” I did not say that.. Mark Does show the trades and can trade profitable and does shows the DOM Even a system that has a 85% success rate does not guarantee profits. We are humans not computers. We tend to overtrade, trade at the wrong time, take risky trades etc.. Only a computer program that has been programmed properly has a change… Read more »
Rob B
Member
Sadly, I do not drink but after dealing with so many dilution people in this business I might start. I do not know what to say. Maybe Emmett words will be better than mine to help you see the light. I am sure all those people that invested with Madoff now wished they ask for some actual proof. So instead of demanding any proof your plan is to spend hundreds if not thousands of dollars on this trading room and education and then try and see if you can make it work. To me that is just insane. if the… Read more »
tony c
Guest
OK Rob.. I appreciate your noble goals and to try and warn people about the many mines in this minefield of trading.. I think most of us are already aware of this.. But you seem to be stuck and obsessed in wanting to see statements. This is a prime requirement and deal breaker for you. Well there are hundreds and maybe thousands of rooms out there. Maybe only a handful of Futures rooms show statements.. Now does that mean that there aren’t any successful and profitable trading rooms and systems out there of the ones that do not show statements?… Read more »
Ryan
Guest

hey, it is a no brainer. Broker statement is the only way to prove whether the guy is legit. This is it, simple. Do you not get it? Do you work for this guy?

Rob B
Member
The funny thing is if your statement, “Now does that mean that there aren’t any successful and profitable trading rooms and systems out there of the ones that do not show statements?” was sincere I would say you are finally getting it. Yes I am saying 99% of the trading room are complete scams. Think about what you are saying. You are saying the industry standards of showing no proof what so ever they can trade profitable is Great. So people join the trading room or pay for the education all on blind faith and they get screwed again and… Read more »
Stray Dog
Guest

Thank you Tony C I consulted a 5 year old and he told me that if someone lies about every important detail in their past then they are likely to continue to be a “liar, liar pants on fire” person in the future. No brokerage statements from Mark and none from you – liar, liar pants on fire.

tony c
Guest

OK stray.. i also consulted a fifth grader and he told me… Why don’t you put your money where your mouth is and set an example and show us your track record and your winning system so that all of us can learn and benefit from???
Since you’re so obsessed with track records
as being a deal breaker in evaluating a system/trade room; it should be easy for you.. Right?

Rob B
Member
Really!! What is wrong with you???? Stray Dog is not the one saying a drug pushing Doctor who lied about having a Ph.d from Wharton is honest and trustworthy. Your are!!! Stray Dog is not the one who stated and I quote, ” It’s hard to get a loosing trade if one follows the rules of Right Line. There are about 3 trade setups that have well over 85% success rate” and who says they take Marks trades, yet can show absolutely no proof of making a dime. Again you are. What would seeing Stray Dogs brokerage statements prove about… Read more »
Stray Dog
Guest

Absolutely Tony C I’ll put together a statement of my trading for January. Do you prefer a word document or an excel spreadsheet? I mean if you’ll accept this “Latest RL results summary” as proof of profitable trading then I can knock together something in a few days for you. January was a fantastic month for me. Not a single losing trade and 1.2 million in profits. I’ll sell you my system for $3,000 and you to can buy you own private jet and island paradise.

tony c
Guest

Latest RL results summary

Rob B
Member
So instead of showing any proof what so ever you show a link to an advertisement showing a Spreadsheet that shows results based on who knows what. Seriously I would hope the time of people being naive enough to believe crap like that would be in the past. The only thing that means anything is “ACTUAL PROOF” of real trades accurately documented. Again I ask the same question you Got Proof?????? And proof is brokerage statement showing real trades made, not hypothetical results. The fact that instead of showing any real proof you show an advertisement link screams BS Shill.… Read more »
sam
Guest

Interesting the summary of the video tries to dole out advice such as don’t buy “software or gimmicks” without a posted track record. What’s the definition of a “posted track record”? A bunch of on-the-fly or after-the-fact doctored spreadsheet “records”? Many scam sites post track records. Warrior trading had to stop showing their spreadsheet “results” after years of posting due to “compliance”. It’s a sad fact that the scam industry still thrives on a significant proportion of newbies who are still in the want-to-believe the spreadsheet lies phase.

Rob B
Member
I actually get it. These trading rooms, vendors and their friends and family are in shock. Now that there is a new sheriff in town, Sheriff Emmett, they do not know what to do. They are so use to showing their straight up equity curves and fake spreadsheet results and having naive people just hand over their money they are just clueless what to do when someone actually ask for proof. They are like proof, duh why do you need that. They do not know how to respond. Kinda of like when the regulators came and asked good old Bernie… Read more »
Mark Sachs
Guest
I believe that Emmett provides a valuable service. His conclusions are based on a systematic evaluation of the trading room and software in question. None of his comments are based on conjecture or speculation. He was in our trading room and provided me with some very valuable feedback. We now project Chart Trader into the trading room so that everyone can see the gross profit we make on every trade. The net profit/loss we place in our spread sheet comes directly off of chart trader. This number is the actual day by day, Ninja Trader back end tally of the… Read more »
Patrick
Guest
The only way anyone could undoubtedly review RLT is to run a test on a live account. I’ll give my feedback from live trading. First when looking at the results posted they are without deduction of commissions. I traded a live account for a few days short of a month, for the month RLT reported a $2800 profit on their site. My commissions were around $1400. and my actual result after commissions was at -925 negative. the results calculate profits based on touch of targets and not trading through them. My loss would have been significantly larger if I didn’t… Read more »
Rob B
Member
Patrick, Excellent Post. If the Trading Room provides no proof there is a reason for that. This is the problem with Tony C and other naive investors thinking and I know because I was the Fool once. You will lose thousand in order to find out the truth for yourself. It is not just the cost of the education and cost of the TR, but the only way to know is to trade live and that is when the really losing of money begins. Hundreds of dollars becomes thousands down the tube and you are like how can I be… Read more »
tony c
Guest
Hi Patrick.. Thanks for sharing your trading experience with RLT.. I’m sorry that it did not work out for you.. I give you credit for at least trying…Contrary to some on this forum who haven’t even done that. Mark is very generous like I haven’t seen in any other room in that he gives a free trial and let’s one take it even more than once.. I don’t advice one to trade live on the trial however.. I think that you may have given up too soon and not done more to learn the software and make it your own… Read more »
Rob B
Member
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… Read more »
Bill
Guest

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 …

Paul
Guest

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
Guest
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… Read more »
Rob B
Guest
” 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… Read more »
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 »
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.

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 »
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 »
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 »
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 »
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.

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

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