School Of Trade and Sideways Markets ***Update***

Thanks for reading today’s update of SchoolOfTrade.com and SidewaysMarkets.com

On November 22, 2015, TradingSchools.Org published a negative review of SchoolOfTrade.com and SidewaysMarkets.com.

The review was direct, concise, biting, and downright nasty. Over a 3-month investigation period, TradingSchools.Org recorded dozens of hours of highly questionable activity within the “live trading room” and interacted with many individuals that had been allegedly scammed by SchoolOfTrade.com and SidewaysMarkets.com.

The response from SchoolOfTrade.com/SidewaysMarkets.com was predictable. The owners of the company claimed extortion by TradingSchools.Org. That they were being threatened with a negative review unless they paid a fee. That they were the victim. And they refused to pay, “out of principle, courage, morality, and a sense of justice.” Some individuals quickly came to their defense and posted highly complimentary comments of SchoolOfTrade/SidewaysMarkets on the TradingSchools.org blog. However, the overwhelming majority of comments came from individuals that had experienced extremely negative results.

Many of the individuals that were interviewed by TradingSchools.Org also took the additional step of registering a complaint with the United States Commodity Futures Trading Commission.

The CFTC responds

It appears that the cluster of complaints from various individuals triggered an official investigation by the CFTC. What the CFTC uncovered was shocking. The following is a list of bullet points from the official investigation:

  • The owners of the company were using fake names. There is no Joseph James, or Meghan James. The real owners of the company are a husband and wife team named Joseph Dufresne and Megan Renkow. Currently residing at 1521 Addison Road, Palos Verdes Estates, Ca 90274.
  • Since 2011, the company has sold at least $2.776 million dollars of trading educational materials and live trading room memberships.
  • June 2016 through April 2016, the company was averaging $60k per month in sales volume.
  • The company claimed that purchasers of the $4,999 educational package could expect to recoup those costs within an average of 16 trading days, by simply following the live trades within the trading room.
  • Joseph Dufresne claimed to have started trading in the year 2000. And after 3 years of successful trading, he opened his first hedge fund in 2003. Claimed to be a “Professional Day Trader” at Vantage Capital Advisors LLC in Los Angeles since 2000.
  • Claimed to have received an award, “Trader of the Year” in 2001; and was named “Top 30 under 30” by Professional Trader Monthly in 2006.

The CFTC discovered that all of Joseph Dufresne and Meghan Minkow’s claims of performance history were fraudulent, the employment history and hedge funds claims were bogus, and no awards were ever issued.

Furthermore, the CFTC discovered that prior to September 2007, Joseph Dufresne had no trading experience whatsoever.

Prior to September 2007, through 1999, that Dufresne worked as a maintenance worker at a country club, worked the front desk at a fitness center, a student worker at Arizona State University, and a salesman at various mortgage companies. In fact, from November 2007 through October 2008, Dufresne was altogether unemployed.

The CFTC also discovered that Dufresne had been incarcerated for 6-months in 2005, a felony conviction for attempting to sell narcotics in Maricopa County, Arizona.

Joseph Dufresne Trading Performance

Joseph Dufresne claimed to be a hugely profitable day trader. The CFTC discovered that Joseph Dufresne was a terrible day trader. In fact, in a review of his trading records, the CFTC discovered that between September 2007 and April 2016, that Joseph Dufresne was a complete and total failure at trading. His total net losses were over $119k.

A deeper review of his trading records revealed that from December 9, 2014, through July 20, 2015, Dufresne had not placed a single live trade. Yet, his daily marketing materials claimed that he was consistently profitable. During the TradingSchools.Org investigation, we discovered that Joseph Dufresne was using the following spreadsheet as proof of supposed performance. Notice the claims of nearly $500k profits for 2014.

The CFTC’s investigation revealed that Dufresne claimed the following, real money results to purchasers of his trading products:

  • 2011, $411,715
  • 2012, $433,861
  • 2013, $491,145
  • 2014, $626,864
  • 2015, $716,104

All of these claims of profits were fraudulent.

Ninjatrader Brokerage/Ecosystem

The big question that readers should be asking, how did this douche-bag double-team, Joseph Dufresne and his wife Megan Renkow pull off this scam? Did they spend massive amounts of money on Google advertising? Did they advertise on AM radio or direct mail? Nope.

The root of SchoolOfTrade.com/SidewaysMarkets.com can be traced back to the earliest promotional efforts of NinjaTrader Brokerage/Ecosystem. In fact, for several years, NinjaTrader Brokerage/Ecosystem was the feature promoter for SchoolOfTrade.com/SidewaysMarkets.com.

Ninjatrader Brokerage/Ecosystem exposed their prospective customers, numbering the thousands, directly into the arms of these scam artists.

Some readers might be thinking to themselves…”Oh, there he goes again, picking on NinjaTrader”. Maybe I am being unfair. But in the past 2+ years of writing reviews of trading educators, the reoccurring theme is that the overwhelming majority of trading scams are originating from the direct promotional efforts of NinjaTrader Broker/Ecosystem. Sorry folks. But that is just the reality.

Until someone starts calling out NinjaTrader Ecosystem/Brokerage, they are going to continue with their terribly irresponsible promotionalal behavior.

Thanks for reading. And for those that like to get into the nitty-gritty details of the CFTC investigation…the following is the court filing:

SchoolOfTrade/SidewaysMarkets

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196 Comments on "School Of Trade and Sideways Markets ***Update***"

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Tom
Guest
99% of this so called industry is an utter and complete scam. These business models are nothing more then late night get rich schemes wrapped around trading. All you need is to think about is this. If they are able to make 10-50K / month trading this system, why even sell it. Just do it, dont tell anyone , and collect your cash. Common sense people … I mean even the clowns on CNBC never show their P&L because the media knows that will destroy their entire network. Last but not least , INDICATORS … Another milk machine for software… Read more »
Crooked Hillary
Guest
Crooked Hillary
Yes- USE YOUR HEAD- and THINK! That is what is in short supply here and everywhere else it seems. People seem not to want to think for themselves so these fraudsters will gladly do that for you- for a fee. Then when the non-thinkers realize they have been deceived what do they do? They whine- Then they start the entire cycle again. and again. Indicators- As you say another illusion- People think the more indicators the higher probability of a trade which total BS. This leads to more emotion being tied to a total arbitrary setup. But people seem to… Read more »
dtchurn
Guest
So far we have seen two kinds of rooms. 1) complete sham rooms that fake spreadsheets and results and do sim or fake trading on screen. They haven’t touched a live account for years as evidenced by the cftc reports in the reports lately, just as I’ve suspected. 2) “breakeven” trading rooms where no way they can make a living from trading but they can put on a show for newbs trading so small, or limited sacrificial account where even just losing a small amount per month is considered realistic breakeven struggling trading. You wont’ ever see a trader who… Read more »
Rob B
Guest
Amen, It is so nice to respond to a post from someone living in reality as opposed to someone like Paul who is completely delusional. Thank God there are others that get it. It is like Alex in the other thread who is going to teach his method to scalp ES profitable. If he could and that is a big if to put it nicely, the second it was out every hedge fund would be doing it and by default it would no longer work. There is no Mother Teresa out there. All these folks have ulterior motives even if… Read more »
Paul
Guest

Rob ,
Must have been a huge moment when you found this website. Something akin to one finding NIRVANA. Can just imagine you saying to yourself and looking in the mirror. WOW, I finally found a place within the trading fraternity where I fit in.

dtchurn
Guest

Paul is another majormongo shill. They must be losing members in his room.

Rob B
Guest

dtdchurn,

That is so funny. I swear I just posted the same thoughts before I even read you post. Great minds think alike.

And if Paul thinks I am bad he better hope he never gets in a fight with the Stray Dog

http://screencast.com/t/eNReygPL2

Rob B
Guest

Another non sense post by Dilution Paul. Now he has to fill up all threads with his nonsense. Paul are you defending Sideways Market TR as this is the topic of this thread. I will keep things simple for your apparent low IQ.

GOT PROOF OF ANY OF YOUR BS CLAIMS??????

Paul
Guest

Dilution is a good word,,,lol

Crooked Hillary
Guest
Crooked Hillary
I noticed some of the links posted here regarding Ninja willing to speak to Emmett so I thought I would contact them, I can bitch about the eco system which I have done or I can also try and remedy the problem so I contacted them. I spoke to John who is the VP of customer service and before speaking to him I was able to confirm that he would be someone who had the authority to do something. Apparently John is a co-founder of Ninja. I told him I have no connection to Emmett but that I did file… Read more »
Paul
Guest
I also contacted Ninja some time ago. Here is there response. Wed 7/09, Wed 7/09, 6:50 a.m. ## Reply ABOVE THIS LINE to add a note to this request ## Hello ******, and thank you for your note. NinjaTrader has an initial vetting and ongoing audit process for ecosystem directory participants. This includes but is not limited to risk disclaimers required by regulatory bodies, background investigations and general complaint searches. If a vendor passes these checks they receive conditional approval for a listing in our vendor directory similar to other companies that support 3rd party apps or add-ons. Specific to… Read more »
Winter Is Coming
Guest
Winter Is Coming
You see, this for me is where NinjaTrader slip back into the water of the cesspool and are quite happy wallowing in the shit. That shit being Plausible Deniability. I think Emmett is right, all NinjaTrader do is give us some lip service about how they are going to become more diligent within their ecosystem, but it is all bullshit. They may not receive direct compensation, but you can bet your bottom dollar they are compensated in other ways (links to their trading platform download, new traders signing up to their brokerage, advertisement banners etc. etc.). NinjaTrader already claimed over… Read more »
Crooked Hillary
Guest
Crooked Hillary
In my conversation with him that was my initial thought and response. The canned crap that they are not responsible- that they had disclaimers – that people are advised to do their own diligence ad-nausea. The 1st part of our conversation was quite colorful. He really seemed to not have a clue to how much weight people give to Ninja with their recommendations and associations with Ninja. When I provided the numbers who attended one vendors I attended a few years earlier ( over 1000) and the number of sign-ups he seemed quite surprised. Especially since Ninja probably did not… Read more »
Winter Is Coming
Guest
Winter Is Coming
Agreed. As a trading platform NT7 was great. NT8 will be great too once it comes on full stream. My loyalty ends there too. Any vendor associated/promoted by Ninjatrader via the EcoSystem or an “Education Partner” should be regarded as pure fantasy horseshit belony. Why? Because NinjaTrader have been complicit in promoting vendors that have been proven fraudulent and/or have charges laying against them. Who knows how many more are sitting there waiting to be busted. NinjaTrader will quickly remove them once the shit floats to the top and they are exposed and claim all is good, nothing to see… Read more »
Crooked Hillary
Guest
Crooked Hillary

He did say that Trade Station has a similar situation and felt they (Ninja) were being unfairly singled out.

I am not familiar with Trade Station so I do not have
a point on reference. Anyone know?

I know MultiCharts has a few like Roy Kelly but nothing to the extent of the eco system of Ninja.

Pete
Guest

Al Brooks implies his high IQ and exceptional analytyical ability is why he is so consistently profitable unlike 99.999% of futures traders.

Rob B
Guest
Not to mention it is easy to be a self-proclaimed consistently profitable trader when you never show a live trade in your life or any proof of profitable trading. I tell you if I ever hit rock bottom I am going to open up a Scam TR. After watching all these con artist; my room will be the best most over the top ever. Pictures of me growing up dirt poor in the Appalachian Mountains with me having to take a shit in the outhouse. And then I discover day trading and now want to be Mother Teresa and share… Read more »
rtchoke
Guest
Oh Rob!!!!! I’ve followed all your posts since I started watching this forum and agree with almost everything you say, especially about showing brokerage statements (the only real proof). But I have to now draw the line . . . You kicked Kim Kardashian out of bed for eating crackers. Jeez. You must either have been lying too dormant for too long and are some sort of super gigolo. Crackers! Please. Next super model. What then? You’ll kick her out for Tootsie Roll Lollpops!? C’mon man. Life’s too short, take advantage of all those opportunities before it’s too late.
Rob B
Guest

When I am start my TR and making all the money my BS TR says I am making Kim and her 8th wonder booty is just a drop in the bucket.

dtchurn
Guest

To digress away, I never understood what was so sensational about Kimkardashian. She isn’t attractive. Isn’t a model, except supposedly for a standard of lower living. And is a disgrace to armenian-americans.

Rob B
Guest

A picture is worth a 1000 words

http://screencast.com/t/9EyDYYYpl

Tell me that is not the 8th wonder. LOL!

dtchurn
Guest

I visited the zerogravityroom. man was I underwhelmed. It was the same kind of talk I’d seen before ad nauseum for years. if they are not willing to show broker statements, they aren’t trading live. It was nowhere close to trading for a living. But then again you won’t find a trader who makes a living i.e. > 200k a year showing broker statements. They wouldn’t be teaching or running a room. To be positive, it was a pleasant room and may be ok for newbs who want someplace to hang out.

Pink Panther
Guest
Pink Panther
Alex is not called Alex Zobell. His real name is Alex Sielaff. Just type into Google search alexsielaff129_ta61vdz9 and it will bring up part of his Zero Gravity Trading website. Then just google search alexsielaff129 it will then bring up his other website alexwon the dream eater. Look under affiliates and have a laugh. See if you fit the category he is targeting. Then search Alex Sielaff 129 and it will bring up his twitter account Alex @mr pink 129 you will find 3 or 4 postings of his trades probably in sim but no posting of losing trades. All… Read more »
Alex
Guest
That IS my real name! I go by Alex Zobell for marketability reasons. My other website was for a web design class I was in. Look at the website, it is obviously not active. I did work for GTR for a bit. I disagreed with some certain business practices so I left them. That is also my Twitter handle! Thank you for posting it here! Free “advertising”! My screenshots were PnL’s for an entire day, not a single trade. But good try! Your last sentence makes no sense, but I will try to address it. My bio mentions my age… Read more »
dtchurn
Guest

unbelievable. this is really him? “sample page”
http://www.lexwon.com/sample-page/
http://www.alexwon.com/membership-costs/

dtchurn
Guest

this is the same person? unbelievable. “design plan”
alexwon.com/sample-page/
alexwon.com/membership-costs/

Alex
Guest

Lol. As previously stated, this was for a web design class with business integration. This was my idea! Look at when the site was last edited! Nothing to hide here guys. You all think you “busted” me when all you did was Google my name.

I must say, I underestimated the ability of you all to get so worked up over fairy dust. 🙂

Rob B
Guest

Emmett needs to start giving out awards for the best Journalist Investigators. I nominate you. And man when I was arguing with this 18 year old kid claiming to scalp ES profitable everyone was like give the kid a chance.

But after seeing he is associated with GTR, the biggest con room ever, I think he has had his chances.

http://screencast.com/t/Ot18XnVi

And people wonder why my post about TR are 99% negative. Just once I would like to be wrong about these Day TR con artist.

dtchurn
Guest

You’re right as usual RobB. amazingly it seems like futuresfx.ca is some kind of canadian sister site version of GTR.
futuresfx.ca/services-and-specials.html
just what the ‘industry’ needs, a new protege of simonjousef. and I thought zerogravity was going to ‘change the industry’ too. shame on me.

Pink Panther
Guest
Pink Panther

I have another one for you here. Remember Emmetts review of MES he said the website was owned by Sattam Alsabah.

Well this new website for funding new traders is coming SOON is also owned by him https://oneuptrader.com

http://www.bizapedia.com/trademarks/ONE-UP-TRADER-87091781.html

Pink Panther
Guest
Pink Panther

I have another one for you here. Remember Emmetts review of MES he said the website was owned by Sattam Alsabah. Well this new website for funding traders is coming SOON is also owned by him www dot oneuptrader dot com
www dot bizapedia dot com forward stroke trademarks forward stroke ONE-UP-TRADER dash 87091781 dot html

Alex
Guest

futuresfx.ca is the original site for GTR, not a sister site. GTR was the new and improved version. Futuresfx.ca is still in use though. I am not a protege of Simon’s. Quite the opposite. I quit because we fought too much over business practices as well as other things.

Not only that, I do not use his methods of trading nor will I ever.

Pink Panther
Guest
Pink Panther

Alex you are a CRANK. I am a good detective I am the Pink Panther. Yes I am advertising you as a CRANK. Don’t dig the hole any deeper. Just move on. BYE Mr Sielaff. Go and play with your teddy’s.

Stray Dog
Guest
I don’t see how you can call Alex a CRANK. He isn’t charging anything to be in his room and on the times that I’ve attended it I’ve found it to be an informative experience. I think that if his intention is to help educate people then it would be better to formalize his core teachings into either videos or PDF documents but since it’s not costing anyone anything you can’t complain about that. If I had paid to be in the room then I would expect lessons about core concepts of this approach to trading but once again it’s… Read more »
Pink Panther
Guest
Pink Panther

See my reply above to Alex/Chris

Alex
Guest

Thank you very much Stray Dog for the honest thoughts. I am not so sure why everyone here is so angry at me when I have done no wrong. The information that they found is not anything bad. I have all of it public as I have nothing to hide. Not only that, the stuff they “found” was not even bad? I am not so sure why the hostility. Anyways, thanks again. I hope that these people will lose the bitter attitude at some point…

dtchurn
Guest
Well to be fair it seems to be a nice room and so far it’s free. Sorry, all I can say that it’s just not for me. I’ve seen too much, done my share of modded indicators and scores of strategies for NT, tried other markets and platforms besides futures, and been to too many rooms and been around bmt close to when it started and been on elite before that. And the old thread on GTR (which for some reason has been deleted by Emmett when it has the real meat of the amico fiasco, not the current review… Read more »
Alex
Guest

Lol. “I am a good detective”. You sure are a stellar user of the Internet! Congratulations! I sure am a CRANK! I will go play with my teddy’s!

Pink Panther
Guest
Pink Panther
Hey Alex how is Chris or are you Chris or are you Alex? Or are you Charles IX (anagram) Or are you just using your Son’s name. Just found another website registered at your address called crossfiretrading dot com. Owner is Chris Sielaff. It was registered 1 year ago in the state of Minnesota. Why would anyone call their business the same name as a business in the same State as the one which was prosecuted by the CFTC back in 2009 for running a Ponzi Scheme. Unless Charles Chuck Hays is their dad. I see Chris/Alex you is still… Read more »
Alex
Guest
Lol. This may be the most comical post yet! My father works in an office space for one of the largest healthcare providers in the nation. I, Alex, am not my father. I think it is funny though! Thank you for the laughs. What you mention on FIO is widespread knowledge there? My dad and I share an account. I am the one who regularly posts there. The crossfiretrading was the original idea for a trade room. However, we decided to not follow through on it. Regarding the Charles Chuck Hays, I am not even sure what you are trying… Read more »
Alex
Guest

Then don’t come to the room Rob! If you don’t like it, don’t come! No one is telling you to!

I have gotten absolutely nothing but positive feedback on the room!

Read the other comments on the “breaking news” you all “found”

If we are giving medals away to people that know how to use Google, can I get one? 😉

GemBow
Guest

Will someone mention this in his room today?

Alex
Guest

Go for it! I have literally nothing to hide! Read my other comments. Everything you guys “found” was public information for a reason. Everything was either stated on my website or here on this blog.

So I implore you to say something in the room if you would like me to reiterate the same thing again! 🙂

Rob B
Guest
If you have nothing to hide why in the room do you only show your chat box and members can only chat with you, so they can not scroll through the questions or post chats to everyone and also members do not have the ability to see all members present and PM if they wanted to. Maybe you are posting all test you get, but one certainly could filter using this method. There is one other thing that bothers me. Look you might be for real and trading a live account, but the way you are using chart trader could… Read more »
Stray Dog
Guest

I think your point about setting the gold standard for trading rooms is valid but you could reframe how you talk to Alex about it.

As for the chat setup and display issues, I think that this has more to do with not knowing everything about the software and how to configure the chat than deception. I keep coming back to “if the room is free what’s the scam?”

Rob B
Guest
Maybe no scam. Maybe a scam. For the same reason his journal on BMT might be scam. I have seen it before done by scammer, that does not mean he is doing it even though he was affliated with GTR. So how do they scam. Many ways. People PM them and then they well you trading education on the side. I know as one of them did that to me or in so case they are brokers and try and talk you into using them. There are tons of way to scam with a supposedly free room But I will… Read more »
Rob B
Guest

I thought I would give a perfect example of a Broker giving free chart analysis:

http://www.ltg-trading.com/

You know the old saying nothing is as expensive as when it is free.

Alex
Guest
Thank you Stray Dog for the continued honesty. Rob, I am grateful for the lack of hostility and the benefit of the doubt. I know that there are ways I could try to “scam” people. But listen, if I were to do so, you know how quick it would all fall apart? One person talks and I would be done. Not only that, I have no interest in scamming people. I don’t even have too much interest in making money off of others! As far as the PM thing goes, Big Mike and I have chatted quite a bit to… Read more »
Rob B
Guest
“But listen, if I were to do so, you know how quick it would all fall apart? One person talks and I would be done.” I wish that statement was true in this industry. First before this site there was no place you could even get an honest review and even with tons of people calling warrior trader a complete scam he continues to scam right and left. That statement has nothing to do about you, but the comment. As for Big Mike I know members that have a fantasy journal and then sell trading education as they tried to… Read more »
Alex
Guest

Hey Rob, I figured out the chat box thing! I told you I would do it if we could figure it out! 🙂

Rob B
Guest

Indeed you did. I am pulling for you believe it or not.

Alex
Guest

Thank you very much. I am very grateful for that. You have very good reason to be a cynical person in this industry, but let time show that I am not like the rest. Thanks again, Rob. I hope to see you in the room again! 🙂 (maybe under your real name? ;))

Cyn
Guest

So how does one get into the room?

Alex
Guest

Either go to the website, email me, or go to my journal on FIO!

Alex
Guest
Rob! Thank you so much for the genuine response! I am very happy to respond! 🙂 The chat box. Someone asked something similar before. I honestly am not sure how to get it so the viewers can see the chat! I am being serious. I can not find it in any of the settings to allow the attendees to see the chat. That being said, I am open for receiving help on this! The chat you see on the screen is the real one. I do not think I can edit stuff out of it. If I could, you would… Read more »
Rob B
Guest
Alex, Just saw this post. I am not sure how to respond without being harsh. The point I was making, which I am sure you are aware of, is that if you are trading sim one can set a sim generator to give you fills that you cannot get trading live. In fact I have been to TR that have sim generator that will actually give them positive slippage. It is a great con artist tool to make it look like they are trading. When you use a sim generator that gives you positive slippage and pay no commissions you… Read more »
GemBow
Guest

How did you find “alexsielaff129_ta61vdz9” to begin with?

Pink Panther
Guest
Pink Panther

I just put the full address into a Google search box and clicked on the one that says Hello World then clicked on the uncatergorized section. On that page to the left you will see alexsielaff129_ta61vdz9. The rest was easy.

GemBow
Guest

I put “zerogravitytrading.com” in Google search, but I don’t see anything in the results about Hello World. What am I missing?

Pink Panther
Guest
Pink Panther

Use the http : / / zerogravitytrading dot com

Pink Panther
Guest
Pink Panther

4th Search down

Jewel
Guest

The kid is running a free trade room and you guys are spending this much effort to dig into his past? He did briefly work for Global Trade Room and I think he mentions something about that on his site. Free room is a free room, nobody getting scammed or ripped off for a change.

GemBow
Guest

thanks!

Stray Dog
Guest

Good back story there Rob but I think it needs a little work. I like it up till the part where you were taking a shit in the outhouse but then you got bitten on the ass by a copperhead or a black widow spider. While trying to such the poison out of your own ass you discovered the full head but empty wallet karmasutric position and then Jesus and Buddha and gave you the trading holy grail and commanded you to go and do good works.

Cyn
Guest

Only?!? No Ferrari, Lamborghini and a good ol’ Rolls? No expensive fake wine vintages? No truffles on the barbie?

Pete
Guest

Feigned humility, not bling-bling, is how you win a client’s trust for a trading educator like Al.

Cyn
Guest

And reading in context and being able to recognize hyperbole and irony/sarcasm is how you let people know that you can write and read idiomatic English.

Stray Dog
Guest

Ha ha – clever Cyn and very droll 🙂

Pete
Guest

Al Brooks talks about growing up poor as well. AL has woven a very intricate web, which will take much skill to unravel.

Ben
Guest
These guys really have some balls. Faked like I was trying to sign up yesterday and they were pushing the $5,000 course. Then accused me of being another site. I was surprised to see that they were still trying to sell the courses after landing in hot water. Asked for statements and they said “they could not release at this time.” I was almost waiting for them to make up some BS about not being able to release because “they were in an investigation.” They were really pushing the course. When I brought up the civil suit they told me… Read more »
Kim Klaiman
Guest

I’m glad those scammers are finally busted. Great job Emmett! I mentioned your excellent work in my latest article – https://steadyoptions.com/articles/schooloftrade-another-guru-busted-r218/

John
Guest
CFTC Charges, Open Range Trading LLC, with Commodity Trading Advisor Fraud – CFTC case: http://www.cftc.gov/PressRoom/PressReleases/pr7465-16 CFTC Charges Schooloftrade.Com, with Fraudulently Marketing Commodity Futures Trading Strategies and Systems – CFTC case: http://www.cftc.gov/PressRoom/PressReleases/pr7464-16 CFTC Orders Advanced Trading Workshop “ATW”, Inc. of Jamesville, New York, to Pay a Total of $940,000 in Disgorgement and a Civil Monetary Penalty for Solicitation Fraud and Failure to Register – CFTC case: http://www.cftc.gov/PressRoom/PressReleases/pr7453-16 TradeMasters USA, LLC with Fraud and Failing to Register with the CFTC – CFTC case: http://www.cftc.gov/PressRoom/PressReleases/pr7429-16 CFTC Orders “Shadow Traders” to Pay a $140,000 Penalty for False Statements to the CFTC and for Not… Read more »
Philip
Guest
Excellent job Emmett. You are the man!!! No doubt NinjaTrader is a good platform/software but people need to understand that the company is using its popularity/credibility to make more money by being advertiser or recommender for anyone who pays them. People need to understand that if someone is good in developing/getting developed good software does not mean that person would be good in trading or good in recommending about trading. This reminds me of trade-ideas. Same is the case with Trade-ideas (i think you mentioned somewhere you would be reviewing them ), they have a good piece of software/scanner &… Read more »
Paul Iglesias
Guest

To Emmet and all others here. My name is Paul Anthony Iglesias. I was a big supporter on this forum of SOT and JJ. I spent $5,600 on his course and ultimately stopped trading with him as my trading results did not materialize. I have read the CFTC complaint and feel totally duped. I stand corrected.

Paul

Stray Dog
Guest

You’re doing really good work Emmett, keep it up. Geezs you don’t get much of a home for 1.7 mill in Palos Verdes Estates. Check out picture 31. Is that our dastardly duo?

Pete
Guest

He was not busted, hehas already been sued and has lots of complaints as a rip-off conman since 2010 or earlier, well before TS. I am surprised by how much money he makes from “trading education” though. Perhaps fellow Cali bro Al Brooks is paying off his daughter’s ivy league student loan debts with his JJ-like sales skills?

toto
Guest

Who knows if Brooks (not his last name by the way) even has a daughter…im questioning everything by that slick “doctor” with fake deep-bass- voice

Dave
Guest

His daughter ( reportedly ) went to Harvard Business School, which is in the middle of the price range for top schools and 50% of students get financial aid. NYU Stern is about the same as HBS, but you would not bring it up if she went to Stern..

Pete
Guest

Joseph James is the head-trader and educator at SchoolOfTrade. Known to his students as ‘Professor JJ’, he is well-known in the industry for his unique style of teaching, trading, and price-action analysis. JJ, as his friends call him, specializes in intra-day trading of Crude Oil, the E-minis, Gold & Euro Futures. Joseph’s network of traders & clients cover all corners of the industry and reach more than 95 different countries. Replace Joseph James and J.J. with Al Brooks and Al and I see an identical match…am I the only one who sees this?

Dave
Guest

Pete, that has nothing to do with my comment. We know you don’t like Al Brooks. We get it. Please stop. Make an argument, not just a contradiction.

Quoting Monty Python, “Argument is an intellectual process. Contradiction is just the automatic gainsaying of any statement the other person makes”

Pete
Guest

My argument is clear and it is relevant to the Al Brooks dicussion so I replied to the discussion. My thesis: Al Brooks and Joseph James share many similarities in their trading-education business…yet Al Brooks has a cult following of pretentious and semi-sophisticated aspiring traders, unlike J.J…why the double standard?..Why is Al given a free pass unlike J.J.? Clearly Al uses more sophisticated marketing techniques than J.J. to hook clients and I believe they end up blaming themselves due to the cult-like manipulation tactics.

Rob B
Guest

Hmm, Man you are obsessed with Al. Everyone of these Day TR are similar IMHO in that they are all scams. I guess the difference is in degree and blatant they are. Easier to catch criminals who state they trade live and show completely false results over ones that are murky and show nothing like Al. Even hard to go after educators that sell a system that no one could ever trade profitable, but hard to prove that.

Winter Is Coming
Guest
Winter Is Coming
Yeah, take MTPredictor for example. Those clowns still post videos claiming their software is catching the tops and bottoms of the market. Of course at the same time failing to tell you about all of the losing trades it triggered too. The problem is, they hide behind “context of the market at the time” and of course the classic “plausible deniability”. MTPredictor software is a pile of rotting horseshit that they keep pumping and presumably people keep buying. So yes, I agree it is hard to go after educators that sell a system and/or software that is not profitable because… Read more »
Winter Is Coming
Guest
Winter Is Coming

And I might add that in MTPredictor’s latest video, they have added a ‘Disclaimer’ to the header, highlighting that everything in the video should be considered hypothetical and no trades were actually taken.

BOOM. BINGO.

Hey, you, yes you the Google searcher looking for a review on MTPredictor. Do you get it yet?

dtchurn
Guest
good point about MTPredictor. They’ve gotten a free publicity ride for far too long. Just clean enough on the web, and the right dosage of black box mystery. No trial before you buy. Most people who bought into it are probably shamed by it, and with no recourse except shill so called review sits like investiscamma, keep their thoughts of the scammy software to themselves or try to justify the exorbitant purchase occasionally showing screenshots of “trying to make it work” on bmt. Al Brooks is more the intellectual type of smokescreen. His voluminous work of his books and journal… Read more »
Pete
Guest

Actually I’ve found numerous contradictions, misuses of language and poor and muddled reasoning in Al Brooks’ books. I think Wiley saw his credentials (if they are real) and saw a money maker.. It’s remarkably verbose and substandard writing and exposition for someone with his claimed educational background.

dtchurn
Guest
Not all researchers are the best at writing prose. Brooks does have his own hard to read jargon and contradictions ie. “failed flag”, “failed failure”. . He and Miner are two of the most dogged chart scribers ever seen in the sham vendor world. They are far from being a circus entertainer like SoT so have to work harder at mumbo journaling to keep the newbs hooked. .Brooks claims he makes next to nothing off his books but he has a livable monthly churn of forty or so average number of members in his room. The dept. of sham trading… Read more »
Pete
Guest

Brooks is not a researcher and the content of his writings and his reasoning processes is just as weak as his prose. Read John Murphy’s and Edwards and Magee’s earlier and voluminous wriings on price action and it will be clear Brooks how unoriginal Brooks’ for-profit “research” is.

dtchurn
Guest

My main point of my post was Brooks was like a researcher with a plethora of material written and I was being sarcastic about him being a professor. Of course it’s been talked ad nauseum about how his writings don’t make sense and how price action authors decades ago did it first. I’ve wasted enough time on his books and don’t need you blathering on about things former Brooks readers already know too well.

Pee
Guest

I’m tired of the negativity from regular posters here directed towards me. Tell the people who have been complaining about Joseph James as a ripoff since 2010 on Ripoffreport.com and those who sued him that they were obsessed with him and should have just gotten over it, so idiotic and hypocrticial.

Stray Dog
Guest

Who the hell is Pee? How many post have you made? If you’re Pete then you’ve got to face the fact that you’re letting Al Brooks screw you over multiple times. Once when he ripped you off with his price action course and room fees and every day since then because you are obsessed with him. Seriously dude, how much money was it and is it really worth this amount of aggravation?

dtchurn
Guest

So you decide to pick apart my post when I’ve particularly haven’t been on your case about Brooks prior where I just happened to voice my own thoughts about Brooks in my response to CrookedHillary. Like I should get some burn for mentioning Brooks too just because you do? real nice.

Pete
Guest

I am disputing the assertion that Brooks is analogous to a researcher and more observant and skilled than Joseph James. IMHO Brooks is myopic and obfuscatory as part of the sales pitch, however School of Trade daily videos show Professor J.J. is more skilled than Brooks with daily analysis, if you compare the details to those mentoned on Professor Brooks’ blog. P.S. this is not blather but fuel for the inevitable Brooks review..the guy is still riding the gravy train, Vegas Traders Expo next month, need the review ASAP.

dtchurn
Guest
School of trade videos is more skilled than Brooks? Dufresne is complete con malarky, a circus act. I’m willing to bet JJ and Megan have done more financial damage to duped clients than Brooks has. Whatever your opinion nothing changes the fact that Brooks does a room for the whole nyse session, writes up a daily journal anaylsis without fail since 2010 and puts out voluminious books. Most all other cons take off after an hour or so of a room. As I said, I was being sarcastic and making a joke how he could pass as a professor at… Read more »
Pete
Guest
Brooks’ daily predictions derived from analysis on his blog of the EURUSD and ES is more often wrong and vague “Bulls want a major trend reversal. Bears are expecting a pullback and trend resumption” compared to J.J.’s daily analysis. It’s easy to underestimate how much damage Brooks has done to people, just because he charges much less than SoT. Blown accounts and his professional indifference were ubiquitous in his trading commentary room and on on Futures.io as he boasts of terrible trading tacics.. adding to losing trades, using wide stops and claims to be profitable nearly every day while never… Read more »
klemmm
Guest
Brooks room is just another available resource for learning. If you can’t read his book you buy his video course. If you can’t study his video course enough times and want live learning you join his room, but you need to be in it for at least 6 months to understand what he is saying. If you think you can trade based on his commentaries you are wrong. Your edge is small when you are at your best and you must have no distractions when trading, room will just disturb you. I have studied trading for 2 years now and… Read more »
Pete
Guest

If your edge is small when you’re at your best then there’s no way you can trade for a living, as Brooks claims to, with the high income tax on futures income, commissions, data and fee expenses. Brooks can lie and claim he trades for a living to manipulate new traders and be given carte blanche because of his social status, sexual orientation, and the fact that he is less dishonest than Schooloftrade? Where did you learn your ethics, girl scout’s camp?

Rob B
Guest

Man,

You are now just randomly posting Al Brooks hate post. Do you have this automated where you automatically post about Al Brooks every 2 days or so.

And they say I do not have a life.

Pete
Guest

Are you suggesting that Al Brooks’ unsubstantiated claims of day trading for a living are highly probable, making my assertation that he is lying qualifies as “hate” and that I am lying not Al?

Rob B
Guest

We all know Al Brooks is a Con Artist and we all know your view from your first 1000 anti Al Brooks post.

But at some point when you post again and again Al Brooks this or that in every single thread it gets to be, hmmm, what is political nice way to say it.

I will be nice and just say you are a bit over obsessed.

Jesus looking at all the people Emmett conned. He made Al Brooks look like Mr. Rogers. Why not post anti Emmett post every 10 minutes.

Stray Dog
Guest

Hey Pete, it’s been a few days since you made an “I hate Al Brooks” post. I was beginning to wonder where you were. Have you been sick? On holiday? Or just quietly seething away until you reached boiling point? We’re going to have to start calling you “old faithful.”

Pete
Guest

This guy is a dangerous lone wolf who will be unleashing his fury on the Vegas Traders Expo. A lot of innocent people will come limping out of that Expo and suffering from pain where the sun don’t shine for years if no review is published to stop this wrecking ball known as Al Brooks.

Pete
Guest

All roads lead to The Vegas Traders Expo Thursday, November 17, 2016. Room. TBA. All roads lead to Al Brooks.

Stray Dog
Guest

I’m glad I live in countries that have strong restrictions on gun ownership. Better stay away from Vegas everyone. You need professional help Pete.

Pete
Guest

The pain from Brooks’ teachings will hopefully decrease once we have a review published. I hope the good folks in Vegas will not follow our path of torment by following this guy’s dangerous teachings.

dtchurn
Guest

AlBrooks looks like a stand-in for Mr.Rodger’s ‘hood. If he let go of his falsettobaritoni, lol.

Jang Hyun Cho
Guest

thank you for the update.

GemBow
Guest
Rob B
Guest
So Sad, averaging $60k per month selling their fantasy crap to people who never checked if these self-proclaimed traders ever made a live trade in their life. This story just echos what I keep saying. It is not just this room, but all the trading rooms. Yes all of them. I use to say 99% of them. Now I think 100% of them. If you can make $60K a month or nearly $1M a year selling pure fantasy non sense to people and they are willing to buy it, then how can any real vendor survive. And I do not… Read more »
dtchurn
Guest
This is one example of why it’s important to have review sites like tradingschools that show the truth of how hard retail trading is. Having seen what a former vendor said it’s all too easy and tempting as a retail trading vendor to stop trading live and coast along on fake and sim results especially if they are a good salesman or marketer and able to sell dreams and put blinders on newbs. I had contacted vendors in the past where I was assured they were using live accounts only to realize it was all a sim sham. There was… Read more »
Pete
Guest

If someone’s boasting of their educational credentials that should immediately be a red flag. Dr Handley, Dr Brooks, etc. If they are suggesting they switched careers and can prove that they are making a living trading then that is different, credentials are ALWAYS used in place of evidence of trading success by these guys. Even Duchefresne probably had a framed G.E.D. in his office, LOL.

Rob B
Guest
These trading room operators are brilliant criminal masterminds. I am embarrassed how long it took me to figure it out. That was before this site. They have their fake testimonials, there fake results and then have their shill screaming how they just made 20 ticks on 3 car on that last CL trade that you took and lost money. All fake. The shills are just the TR operator himself. And they all sound so sincere and caring. It really is a brilliant scam. I tell you a true story, I was in a room and the TR operator made a… Read more »
Crooked Hillary
Guest
Crooked Hillary
“In fact it is so brilliant that the people being scammed think it is just there fault they cannot trade the method profitable. Something is just wrong with them. After all the TR operator and his shills are hitting it out of the park. So they just disappear and never even post a negative comment. I know as I Skype with these people and tell them it is not you, the scum bag TR operator could never trade profitable in the first place. ” This sounds identical to how Big Mike himself operates futures.io He will set the narrative- and… Read more »
Winter Is Coming
Guest
Winter Is Coming

@ Crooked Hillary

I hear you man.

It is a shame because there are some really good people on there. The majority of the red badge ‘Market Wizards’ I respect.

They have decent things to say and are usually receptive to PMs.

Moving FIO to Panama means he can’t get sued, but shame on BigMike to promote Al Brooks (and others) without a shred of fucking evidence he has ever traded in his life.

That is a classic BIgMike narrative change if I ever saw one.

Crooked Hillary
Guest
Crooked Hillary

It has actually been my experience on that site that the majority of ” red badges” are anything but Market Wizards.

There used to be a few really good traders lurking in the background making real $$ who would contact people privately behind the scenes if they were on the right track.

There were only a few- but they left quite a while ago.

It’s not just the $$ you lose it’s also the time. Big Mikes is the biggest waste of time- In respect to that it is the biggest sham of them all.

Crooked Hillary
Guest
Crooked Hillary

The exception to this is Fat Tails.

Winter Is Coming
Guest
Winter Is Coming

Fair enough.

And yes I agree about FT.

toto
Guest

“Even BMT who claimed to be so honest and ban vendors allowed scum bags like Al Brooks to give Webinars.”

Cant wait for Doctor Brooks,MD to get exposed..his fraud has been going on for too long..
when you start review on him make sure you point out his last name and its not Brooks lool..i see a big can of worms from this one

James
Guest
I agree, BMT is a potentially dangerous place for new traders. In fairness, there is a lot of good advice from Mike and others such as don’t scalp, don’t try to trade for a living unless you have a very large account, don’t trade futures in a 10k account, etc. It’s also good that he keeps rude behavior out of the site. But there are some significant problems for a site that is pushed as a ‘different kind of trading forum’. First problem is that despite banning rude people he always allowed people of poor ethics to remain part of… Read more »
James
Guest

Another thing about Big Mike is that when he was sued by AMP he was asking the forum members to pay his legal fees for him. He had a donation link and kept updating it as the total money raised increased.

I couldn’t believe that despite the fact that he and no one else was responsible for the disagreement with AMP, and he and no one else was reaping all the income generated by BMT….. that he didn’t think he should be responsible for any of the legal defense fees.

Crooked Hillary
Guest
Crooked Hillary
Who are you- and who is Big Mike to tell people how they should trade? Do not scalp- Minimum account size etc. Scared money aside – account size is the business of no one except the trader. Why should people be forced to trade and believe in certain ways? Why do some of the bigger names on that site get a pass for not following Big Mikes advice? FT71 and jigsaw for example. People need to learn their own method and style of trading and work within their own mental and physical constraints. It is not your or Big Mikes… Read more »
James
Guest

The acct size stuff comes from the many noob traders who show up with 10k to their name, ready to quit their jobs and trade for a living. In that case I believe Mike is doing them a favor telling them to forget making a living for now.

Fair enough on the scalping, you have a point. Short term or long term is a matter of preference.

Crooked Hillary
Guest
Crooked Hillary
I agree completely that one should not be trading with scared money- Trading capital is all risk in my book. We never know when our broker may be the next MfGlobal or PFGBest. If you need to trade to put food on the table then you are absolutely correct – Get a job because psychologically there is no way you will win in the market. But Big Mike and his cronies criticize others for their style of trading because they are different than his. He has to control the narrative. As you pointed out with the AMP lawsuit it displayed… Read more »
George\'s bro
Guest
George\'s bro

Can Big Mike even trade or is he all mouth and forum?

avgdwner
Guest

finally some questions for real proof:
futures.io/vendors-product-reviews/26325-futurestrader71-ft71-morad-askar-ask-me-anything-ask-me-anything-49.html#post578814
futures.io/vendors-product-reviews/26325-futurestrader71-ft71-morad-askar-ask-me-anything-ask-me-anything-50.html#post579565
futures.io/vendors-product-reviews/26325-futurestrader71-ft71-morad-askar-ask-me-anything-ask-me-anything-50.html#post579606

Rob B
Guest
As a long term BMT member, I can tell you it is mostly Kool-Aide drinking individuals looking for that Holly Grail system and a few Rock Star Journals with ulterior motives such as being RIAs who then offer to invest money or offer training on the side. The members seldom ask the most important question of all and that is, “Can you show a lick of Real evidence your method can be traded profitable?” Because they do not want to hear the answer. I asked that very question on one of those Fake Rock Star Journals a long time ago… Read more »
Rob B
Guest
There are many things BM does I disagree with such as allowing vendors and con artist to do webinars without vetting them. But if everyone that jumps off a bridge dies then BM certainly might warn them that is not a good idea. And if every underfunded person that thinks they will make a living by micro scalping CL bust there account, he certainly has a right to warn them. I am sure he knows a lot of them. You say people can decide for themselves. Who says they cannot. But people also need truth information to make an informed… Read more »
Crooked Hillary
Guest
Crooked Hillary
If you look at what you just said it describes why so many people fail. Everyone is looking externally for the answer to trade. Everyone wants to get the answer from someone else. What if the perfect method was inside you ( assuming you have market experience). People keep searching outside for answers that are inside. As long as you do this you perpetuate the real issue of not honoring yourself- and you will never succeed in trading. Trading requires you to be bold and to do the things that are uncomfortable. If you follow someone- anyone- you are already… Read more »
Rob B
Guest
I agree with this post, but when people are being told complete nonsense trading by trading rooms and shills and others, it becomes hard to know the truth .vs the fantasy. I have written about this many times. And I am the only one here that I aware of that has stated I will show my brokerage statements to Emmett showing profitable trading if and only if he gives me a thread where I talk about the reality of trading .vs the fantasy world the day TR present. One person responded to one of my post saying so you are… Read more »
Crooked Hillary
Guest
Crooked Hillary

You manifest your beliefs- Plain and simple. There are people who trade small accounts profitably everyday and have for years. Some of these same people have been funded with large accounts and blown them.

Likewise on large accounts. Everyone is different there is no one who determines who is right.

People get what they want from the markets. Despite what they say.

Rob B
Guest
“There are people who trade small accounts profitably everyday and have for years.” Who said there are not. You bring up general statements. I am being specific to what the day TR teach. I do not have to jump out a window and try and fly to know it cannot be done and warn others you might not want to jump out that building with out a parachute. There is enough evidence to show what they teach is nonsense. As I have stated many times I am a full time investor that includes Real Estate. I can show you Real… Read more »
Pete
Guest

Do you have any evidence to suggest an individual’s beliefs determine or are highly correlated with their trading success?

Crooked Hillary
Guest
Crooked Hillary
Sorry to keep you waiting I have had appointments all day. Beliefs and ideas are everything not just in trading but in life. You may think this is all BS and that’s fine. I post for some who it may resonate with. Let’s talk about physical death: When you die a few things happen. 1. Your body becomes a flesh salid for various bacteria maggots and vermin 2. Your Pure consciousness ( Beliefs/thoughts) separate from your physical body 3. Your false or little self ( Ego) separates itself from your pure consciousness. At this point realize who you thought you… Read more »
Rob B
Guest

I do not think I will be very controversial, when I say that was a unique post.

Stray Dog
Guest

@ Crooked Hillary I use to live in the rain forest (for real) in a commune (also for real) and your post reminded me of a guy I gave a lift to one day. He spent 40 minutes telling how he knew that the Earth was a transitioning base for aliens to travel to other worlds and dimensions. How did he come by this knowledge I inquired of him. He saw it with his own two eye when he was on an LSD trip. Lay off the green buddy.

Crooked Hillary
Guest
Crooked Hillary
Ha Ha Sorry to disappoint I am a beer type of guy. Your rain forest experience sounds like a great one. LSD has been used as a shortcut to enable ego death. My equations indicate without ego involved one may apply clearer thought with emotion for the benefit of creation. If my theory is correct and if LSD is indeed an ego eliminator then perhaps some of the most creative minds of our time have used it? Any of these names sound familiar? Beatles- Eric Clapton- Ray Charles- Chris Farley- Jerry Garcia – John Belushi – and of course- Steve… Read more »
2016-10-07_0640jobs.png
Pete
Guest

The funny thing is I agreed with this stuff about ego and beliefs from Mark Douglas years ago when I thought I had a chance to make a good income at day trading. I now realize feel-good beliefs don’t alter the concrete reality of competing with superfast computers. Emmett must review Mark Douglas posthumously, it’s appalling how his wife rushed some notes to publish multiple kindle books at Amazon after he died to make money, clearly altering beliefs didn’t let Mark Douglas conjure that ATM which the market is supposed to be once you “master the market”.psychologically.

Rob B
Guest
Pete, I was not going to comment on the feel good nonsense as I am already fighting with enough folks. I know people that have paid Trader’s Psychologist hundreds of dollars an hour thinking that is their problem. Is Psychology a factor. Obviously, but not the major issue. The major issue is these TR are teaching non sense. That is why they can never show any proof. Not some other BS reason they give. First you have to stop the non sense trading the TR are teaching. That is the first step to recovery. But even when these a-holes scammer… Read more »
Pete
Guest

Well, Dan Zanger verifiably turned 10k into millions in a year day trading in the 90s, it can be done. The markets are fully automated now though so you can’t do what he did anymore. so he makes a living as a vendor in need of a review as well as Mark Douglas and Al Brooks.

Rob B
Guest
Yes and someone one the Powerball also. In fact more win it I would say. Most of these folks took a wild shot on something hot or did it during the NASDAQ bubble when everything just went up and up. I read one of these guys did it by betting it all on cocoa futures or something like that. As I have said it can be done for short periods or during the NASDAQ bubble. The funny things is a lot of these people who do it just lose it all back. Look at Larry Williams. Do I need to… Read more »
Rob B
Guest

Gosh, 2 seconds after my post I find this. Just as I expected bought high flying internet stocks during the NASDAQ bubble. Lots of people did that and they then lost it all in the bust. This is not my idea of wise investing. But that is me.

http://www.chartpattern.com/about_dan.html

Crooked Hillary
Guest
Crooked Hillary
ROFLMAO, You two are the original misery Brothers. I was going to respond with something positive but it’s quite interesting to watch you wallow in your own misery. If you spent 1/2 the time looking for ways to positively change instead of all the time you spend today in misery you might actually get somewhere. lol. LSD perhaps? What have you got to lose?? http://www.alternet.org/personal-health/14-habits-highly-miserable-people Let’s get right to it and take a look at some effective strategies to become miserable. This list is by no means exhaustive, but engaging in four or five of these practices will help refine… Read more »
Rob B
Guest
I think Stray Dog nailed this one. Your comments are so far out there I cannot even respond. I cannot even understand what you are saying. Maybe it is an age generation thing. Is this the way young people talk now-a-days. BTW, I am not miserable. Spent most of the day working on a rehab and the other time mostly talking to people in Florida checking if they and their family where safe. Only takes a minute of my time when I am the computer to pop in here and respond to post. As others point out I do not… Read more »
Paul
Guest

Rob.

Let me guess your favourite movie and band.

1. Grumpy Old Men.

2. Clockwork orange.

3. One flew over the cuckoo’s nest.

Favourite Band,

Black Sabbath

Album. Paranoid.

Here’s a link so you can get some help.

Paranoid Personality Disorder Treatment

Stray Dog
Guest
I agree with you that having a positive attitude is more likely to lead to success or at least feeling like you’re successful than a negative attitude. It’s also likely to lead you to enjoying life more. And it’s better to feel positive going into a trade than not but that in and of itself won’t determine whether that trade or the trader is profitable. Personally I think the psychological advantage comes from having a solid reason for entering the trade and a plan for managing it and exiting it. Mark Douglas “Trading in the Zone” – had some truths… Read more »
Crooked Hillary
Guest
Crooked Hillary
I am going to expand on this- I do not disagree but there is much more to it. Emotions and feelings are ALWAYS coupled to an underlying belief. Road rage as an example- Someone cuts you off- Requires you to make an evasive action perhaps. You feel the emotion of rage throughout your chest. You may react to the emotion in a hostile way. If you were to observe the trail of that emotional feeling you would discover it is attached to a belief. It could be that the underlying belief is that the person believes the other person performed… Read more »
Rob B
Guest
Nobody is going to argue that having a positive attitude in life is a good thing. But when it relates to trading rooms what I see far to often is that term being used to replace using one’s brain. I talk to trader’s who go from one con artist TR to another and when I say did that TR show any proof what so ever they can trade their own method profitable, far too often the reply I get is, “I want to be positive”. I do not care how positive you are trading the fantasy that these TR teach… Read more »
Paul
Guest

Hey Crooked, That’s another excellent post.

Cyn
Guest

Please, folks. No need to vote it down just because Paul writes it.

That really was an excellent post from the Crooked One, albeit a bit overly mumbo-jumbo pop psychology. Once one gets past the pop psychology stuff, that is the real truth about trading.

Ultimately trading is simple.
1. Find your own path and faithfully follow it.
2.Ruthlessly cut your mistakes, and leave the hopium in the bag.
3. Never stop seeking to better your trading.

Crooked Hillary
Guest
Crooked Hillary

Absolutely you can have a belief and call it pop psychology – No worries there.

Here is a video describing my view
of pop psychology and how
Beliefs- and emotions work together- In this case to heal someone with cancer.

Rob B
Guest

Sorry in advance for being so un-insightful, but his is what come to my mind.

http://screencast.com/t/nJlsMbjX

Maybe pass on the next Colorado vacation.

Cyn
Guest

Huh? Nobody has ever managed to diagnose a case of MaryJane poisoning or overdose.

Crooked Hillary
Guest
Crooked Hillary

Just another weekend at Rob’s place lol.

Paul
Guest

I thought this can’t be Rob’s place, everyone’s too happy, then it went to custard around the 1minute mark.

Paul
Guest

@Rob, Without going too far into it I would say the above screencast is more than likely a reflection of your miserable , negative personality.

Rob B
Guest

I understand Paul you are living in the fantasy land, but one day when you actual take a trade you might make up.

In the mean time I gladly will continue to warn people of shill and the TR you promote.

Paul
Guest

WOW, what a great post.

They should look at color therapy also. Must be challenging seeing everything from the darkside.

Crooked Hillary
Guest
Crooked Hillary

Always remember, Whenever you point a finger at someone you always have 2 pointing back at yourself. If ever you decide you don’t want to be a victim – you might find that investigating the psychological side is the only thing that will help you.

Here is a video that may help explain the journey or at least why you can’t pump yourself up with bullshit and expect positive results.

You need to think- Obstacles are there to help you achieve your goal.

Rob B
Guest

“Whenever you point a finger at someone you always have 2 pointing back at yourself.”

Wouldn’t there be 3 fingers pointing back.

http://screencast.com/t/GSxSxau47

Normally I can respond to almost any post but your insight (see I can be nice) is way over my head.

Maybe the Stray Dog can understand.

Crooked Hillary
Guest
Crooked Hillary

At least 2 fingers- How’s that ? Sheesh- Your comment is revealing. lol

Sorry- This is over your head. Nothing I can do about that.

Apparently you also did not realize that Stray Dog threw a big soft ball
with his earlier response only
proving my theory that you don’t understand.

He likely understands now very
well. But I would love to hear more
of his commune lifestyle and living in the rain forest.

I get the feeling if we only discuss things you understand it will be a very short and boring conversation.

Maybe you should get out more?

Rob B
Guest

I have no response except I think you would be shocked at all the places I have been. I was an Air Force contractor in my youthful days. Been all around.

Best of luck in your trading.

Pete
Guest

Joseph Douchefreshe and Gal Brooks have created a positive reality through convincing themselves they are helping and educating people with one hand while reaching around and snatching their cash with the other hand. Emmett took down this punk Douchefreshe in 2015 leading to the SEC involvement, Gal Brooks will probably run for early retirement when the aftershocks from the Douchefreshe lawsuit and when more is revealed.

Crooked Hillary
Guest
Crooked Hillary

As i explained it is how life works.
Beliefs are what emotions are created from and when adding energy creation is formed.

So- If you believe you are unworthy at your core – and you do something that opposes this your subconscious will change things to match the core belief in your subconscious.

Losing $$ goes to the core of very survival. When you lose money you are losing much more than just money- It may represent every bad thing any embarrassing thing that ever happened to you in your life.

Everyone has their own set points

Rob B
Guest
I will make one other point. I can only say what I say do to this site. Before if you even mentioned a TR was nothing but smoke and mirrors you were immediately blasted by the shill saying you just did not spend enough time or know what you are doing. Yet now one after another is having charges brought against them. I am sorry and I know this is hard to believe for people who are desperate to believe in the fantasy, but this whole industry is nothing but one big swindle and I am slowly but surely being… Read more »
dtchurn
Guest
Good honest discussion on bmt. We don’t have to stoop to “tradingloonies” personal vendetta aginst bm, yet it’s hard to find a public popular blog/foum to freely voice what many surely feel about bmt. I’ll just add before one would often get warned or even banned for talking the truth about these sham vendors. Now folks are able to post about vendors more freely on bmt/fio most likely thanks to Tradingschools’ proven legitimacy and support by the watchdog authorities, and the fact that bmt has moved offshore to panama and ecuador. bmt “advice” has long been doubletalk. Advised not to… Read more »
Chuck
Guest

What or who is BMT ?

Rob B
Guest

You must be knew to trading. Big Mike Trading now called futureIO or something like that.

Chuck
Guest

Been trading for about 20 years – You must be “knew” to writing English.

Rob B
Guest

You are correct. My spelling when typing fast is horrible. I will take that as a thank you for informing a 20 year trader on who Big Mike is. BTW, I also typed this fast and am not going to spell check. Sorry!

Stray Dog
Guest

Eye red yore post Rob Bee and it makes cents two me, know worrys.

Rob B
Guest
LOL! when Chuck gets to be my age he will be lucky to still be alive. But I must admit I wish I had taken a typing class in my day. But I do not wan to distract from the real issue here and that is how not only these TR are all run by con men, but how there is an entire network of support for them. Are we suppose to believe NT (that is Ninja Trader Chuck, LOL I should not make fun) and BM and everyone else does not really know what is going on. And I… Read more »
Rob B
Guest

I forgot to mention invest-o-scam you where they can post all their fake review.

dtchurn
Guest
Exactly. Sykes investi-scammu where all dissenting posts are blogged won by shills or the vendors themselves. They thought they could get away with it for so long. There were only honest review comments scattered about in obscure threads in various forums. TS seems to be making history become a central review crux where folks can finally come out. Emmett made a good point in his recent review where ironically 99% of folks who were duped by these trading shams are too embarrassed or discouraged from even coming out about it because it was typical to be derided and told you… Read more »
Paul
Guest

Don’t worry Chuck, you will always get negative insults and putdowns from Rob B. It helps him to feel endowed..:)

Philip
Guest

Emmett I don’t see my comment posted why?

George\'s bro
Guest
George\'s bro

bery, bery good, what kind of penalty could they get? fines or jail or both?

Brian P
Guest

Emmet, Ninja Trader left this post to you on the thread at Big Mike’s about the School of Trade Scam.

There are a lot of inaccurate statements about NinjaTrader being construed as facts in various articles published at tradingschools. Emmet, I know you are listening…Your website is void of your contact information. Can you kindly reach out to us at platformsupport@ninjatrader.com, reference this post attention to John. We want to ensure that what you write about us is accurate.

https://futures.io/vendors-product-reviews/4964-school-trade-legitimate-www-schooloftrade-com-20.html#post599948

dtchurn
Guest

Ninjatrader is pretty crafty these days. Now the list of educators in the ecosystem only show up in a search instead of a page with links. Not how vendors are just called part of the “ecosystem” when before they used to be called “partners”. Someone said they never heard of SoT? Emmett is correct in saying they used to be a partner.
https://web.archive.org/web/20130622075145/http://www.ninjatrader.com/partners#Education

GemBow
Guest
GemBow
Guest
Rob B
Guest

“Improving how vendors are listed and continually audited has been a high priority project for us over the last few months.”

Man, was that good for a laugh. They do no vetting!! How about asking those con artist to actual show a brokerage statements proving they ever made a live trade; more less trade profitable. NT will never vet any of these scammers as if they did they would have no more educational partners.

GemBow
Guest

Reported their site to youtube, including reference to CFTC complaint. Youtube reply: “We’re unable to identify a violation of our Community Guidelines within your recent report to our Safety and Abuse Tool.”

dtchurn
Guest
One of the room mods of SoT did the “Amico split” and started his own site. “lifetime” fee. http://www.slingshotfutures.com/product/lifetime-membership/ hilarious “about” bio blurb: “I started right where everyone else did, in the gutter. Working jobs all over the place with more W-2’s in my history than I would like to admit. I understand what it is like coming out into this profession with nothing to your name and having to build from scratch. Buying some crazy course for ten’s of thousands of dollars like the ones advertised online just doesn’t cut it for folks with barely that much in their… Read more »
Mike
Guest
What happened to this guy getting prosecuted. He is still selling his BS to retail traders as of 2/17/17. I mean really!!! I thought that finally one of these charlatans went down. How can a man wake up every morning knowing his goal is to separate people from their hard earned money in a fraudulent manner. He talks nonstop about nonsense. These people don’t have an honest cell in their body. Don’t know how they live with it. I am a true believer in karma and I know his day of reckoning will come whatever that may be.
Mike M
Guest
Emmett, Can you please explain to me as of yesterday this guy has the balls to post on you tube and sell his bs online again? Doesn’t this create new legal issues for these husband and wife scam artists? They have the audacity to thumb their nose at the regulators and peddle their waste as if nothing happened. I really don’t know how this guy lives with himself. He evaluates trades like he knows what he’s talking about. If one doesn’t know any better he may seem knowledgeable with his used car salesman pitch. Please explain to me how he… Read more »
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