Smart Money Room

SmartMoneyRoom.com
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1

Summary

Smart Money Room is the latest trading hustle from Mr. Steven DeWitt. For the past 15 years, Mr. DeWitt has cycled through a multitude of failed and fraudulent trading ventures. A long, sad, and pathetic history of quick, one-off trading scams where Mr. Steven DeWitt claims that “anyone can easily earn thousands of dollars each week”. A supposed “real time, 100% verifiable track record” that cannot be verified. Claims to be the worlds greatest trader and 15-time world trading champion. No proof exists. A complete and total charlatan. Avoid.

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Pros: Nothing to recommend.
Cons: 15 years of failed and fraudulent trading ventures promising massive returns and no losses. Proclaims to be the "World's Greatest Trader and 15-time World Trading Champion", yet can provide no proof or reference to supposed greatness. A complete and total fraud, the quintessential trading charlatan. A pathetic individual.

Thanks for reading today’s review of Smart Money Room

What is SmartMoneyRoom? The service is a live day trading room that is owned and managed by person named Steve DeWitt. The cost of the live trading room is $197 per month.

SmartMoneyRoom maintains a YouTube channel at the attached link. TradingSchool.Org viewed all of the recorded videos and webinars. The “live” trading video’s are primarily recordings of NinjaTrader market replay, where Mr. DeWitt claims that he typically earns between $2,000 to $5,000 per week trading futures.

Steve DeWitt makes some amazing claims about his live, day trading room. On the SmartMoneyRoom.com website, Mr. DeWitt claims a fully verified profit of 135% for 2015.

In addition to these amazing claims of profits, Steve DeWitt also claims the following:

  1. Winner of over 15 International Trading Contests including the largest Forex trading contest ever.
  2. Steve DeWitt is the Author of over 100 articles for several trading publications.
  3. Today, professional trader Steve DeWitt threw down the gauntlet challenging any and all traders to a one-on-one $100,000 winner take all trading contest.When asked about his trading style, Mr. DeWitt stated, “Simply put, the trading system I use is so powerful that I know I can out trade anyone in the world and I challenge anyone to prove me wrong.”If you are up to the challenge and you have $100,000 to throw away, ante up and contact Mr. DeWitt directly at smartmoneyroom@gmail.com

TradingSchools.Org reached out to Steve DeWitt, seeking verification of of the supposed 135% “fully verified” returns for 2015. Unfortunately, Steve Dewitt could not provide anything that verifies these amazing performance claims.

We also asked for references regarding claims of articles that Mr. DeWitt has written for “several trading publications.” Once again, none could be provided. In fact, a search of Google returned zero articles attributed Steve DeWitt.

In addition, Mr. Steve DeWitt claims that, “I am the worlds greatest trader and in the past 6 years, nobody has the guts to challenge me to the $100,000 trading challenge.

And finally, Mr. Steve DeWitt proclaims that he is the world champion of 15 international trading contests. Once again, TradingSchools.Org asked for references or articles that proclaim or reference his amazing trading victories…however, none could be provided by Mr. DeWitt.

Steve DeWitt: a closer look.

Mr. Steve DeWitt has been making outrageous claims of superman-like trading abilities for a very long time. A deep web search reveals a multitude of failed and fraudulent activities.

Prior to SmartMoneyRoom.com, Steve DeWitt owned a day trading educational company named ForexConfidential. The following link highlights, once again, his supposed trading performance.

https://web.archive.org/web/20110714022418/http://www.forexconfidential.com/

A review of the Forex Confidential website reveals that Mr. Steve DeWitt claimed the following:

I am making 1.9% on my money every business day – so will you – it’s easy!!! We conduct meetings every Wednesday night (Wealth Wednesdays) at 8pm eastern where we talk about your wealth. I show you how to earn 20%to 45% on your money EVERY month and how to compound it daily.

Of course, a daily compounding rate of 1.9% is truly remarkable. In fact, if a person had invested only $5,000 with Mr. DeWitt and continued to compound daily for a single year, then a person would of realized a profit of $4,814,446. I dont know about you, but those types of returns get me excited.

In addition to these amazing claims, Mr. DeWitt claims that “anyone can profits thousands of Pips each month by simply following my amazing system. Unfortunately, for those that were foolish enough to believe such nonsense received nothing but losses and blown up trading accounts.

A long and sad history of trading scams…

Apparently, Mr. DeWitt has been running these trading scams for many, many years. Some of his other trading gems include, DeWitt University, where your trading dreams can come true. If your dreams did not come true with DeWitt University, then perhaps your trading could of improved with 4XRiches.com, where Mr. DeWitt once again claims hundreds of thousands of dollars of easy profits.

If my 4XRiches.com didnt work out, and you did not get rich. Then perhaps try out LearnFXTrading.com, where once again, Mr. DeWitt claims that anyone can earn $10k each month, trading Forex.

Truth be told, I have probably only scratched the surface with Steve DeWitt. The more I searched, the more Steve DeWittridiculous nonsense turns up on this con-artist. What seems even more pathetic is that in his most recent promotion, he touts his Christian faith and even has the audacity of posting pictures of himself and what appears to be several children. Who know if they are his kids or just some “props” that make him look more trustworthy.

Wrapping things up

Sometimes you have to laugh at the nonsense that some of these trading charlatans try and pass off. For over 15 years, Mr. Steve DeWitt has gone from fraud to fraud, website to website, leaving a trail of unhappy people that trusted him. Yet, he continues to march forward, enabled by crooked Steve DeWitt Tradingpromotors like OnlineTraderCentral, that have promoted Mr. DeWitt  several times over the years. Or, NinjaTrader Broker/Ecosystem that continues to provide a platform and environment where these charlatans can thrive.

Well, that’s it for today. Thanks for reading. And sorry for yet another sad and depressing story of a human turd that
continues to latch himself onto the heels of good and trusting people. Don’t forget to leave a comment below.

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169 Comments
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chaim
3 years ago

Steve was affiliated with Todd from academy day trading using the pro 9 software. I used smart money for a week as a trial and lost $1500. Now I am wondering if the pro 9 software is also a scam?? Because you can never figure out which markets to go with, at the time they are happening. You are wiser after the move happens. All the indicators line up after . Do you have any feed back on this software?

BrianP
BrianP
3 months ago
Reply to  Emmett Moore

I know this is old but just ran across it. Todd is a total scammer. I joined a room of his for a month for $400 back around ’12, ’13, somewhere in there and he couldn’t trade to save his life. Later I saw a report on him at a scammer report site from people in that room I was in. Todd was on their calling them liars, etc, but I know the truth because I was in there. Everything they were saying was true.

Now he’s selling options software and training that he’s been doing ‘for 20 years’. lol. He never mentioned stocks at all back when he was doing futures. Another scam. This time he doesn’t tell you the price but you have to set up a call with him to ‘see if we’re a good fit.’ As I said, total scammer. You really should do a review on his latest gig.

Arthur
3 months ago
Reply to  BrianP

I wish like HELL I would have found out about this site PRIOR to me purchasing his Options Trading Course. I SHOULD KNOW BETTER and am ANGRY AT MYSELF!!

BrianP
BrianP
3 months ago
Reply to  Arthur

What did that cost you? From his webinar he seemed to imply he was charging up to 10k for it. Or at least threw that out there that that wouldn’t be a large amount to start a business.

mlfl
mlfl
2 months ago
Reply to  BrianP

they want $6000 for the software and training. Just too expensive

mlfl
mlfl
2 months ago
Reply to  Arthur

I had a call yesterday and would have joined if it was a little less expensive. What are you results have been having?

BrianP
BrianP
2 months ago
Reply to  mlfl

Read my review above. Todd is a total scam artist. He’s been around for years with different things. Don’t walk away, run.

mlfl
mlfl
2 months ago
Reply to  BrianP

$6000 for software I’ve never even used before (that’s for the options trading.) I might have done it if I could pay a $1000 just to try it for a month. But it’s just too much money up front

Biotechy
Biotechy
4 years ago

wow!! This is crazy. I can’t believe these people get away with their lies. Thank you for exposing them!! You are providing a much needed breath of fresh air to the trading community. Thank you for your honesty! It’s almost impossible to find these days.

major mongo
major mongo
4 years ago

You know something Emmett and speaking of TURDS (as you reference below), yer the biggest turd on the planet…The mindless lemmings that follow your opinion (on this worthless blog) are obviously mental idiots who most likely can’t trade and need people like you to give their life purpose and meaning.

Who’d really follow or take value in a one-sided, unsubstantiated and unfounded reviews that you spew on this blog…idiots, that’s who. You jump into a room, you come out and trash talk them because YOU didn’t get to see their trading journal? Really dude so that alone make them worthy of your trash talk? what a tool you are. BTW, if these instructors/teachers are such scam artists, then WHY aren’t the very people who actually join their rooms in HERE backing your story? cuz they don’t exist that’s why? The only people who talk shit are the uninformed, blog minded numb-nuts that seem to have nothing better to do than trash talk people they do NOT know – what a pathetic existence.

Oh by the way, in one of your many “turdish” reviews you reveal to some lemming that you’re not that intelligent and somewhat uneducated…NO SHIT Sherlock! I believe it, especially after reading MOST of your crappy reviews. Find a new career because you suck at this one.

And yes the link below is about someone ripping you a new A-hole…do I believe it? Who cares…it just goes to show you that you can believe NONE of what you read/hear and only 1/2 of what you see – which pretty much sums of the VALUE of the shit you write.

Rise up people, think for yourselves…leave this imbecile to rot in his own abysmal existence or idiocy and trash talking.

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

BTW, opinions are like assholes, everybody has one, some just stink more than others…Yours Emmett is the smelliest of all. Nice work you turd.

XOXOXO – MM

Cyn
Cyn
4 years ago
Reply to  major mongo

He is the one doing the review. Who else do you expect to be the one to look at the verification documents? Your logic is so defective that it is hardly surprising that you have now degenerated into hurling insults.

Warrior Trading must have really misled you so badly that you have blown your account, which would account for your anger towards the person who told you the truth that you ignored.

Pete
Pete
4 years ago
Reply to  major mongo

We are here demanding reviews of Brooks’ trading webinars, course, books, and trading expo appearances because we are legitimately injured, we want no one else to get hurt, and we demand closure.

Cyn
Cyn
4 years ago
Reply to  Pete

Why don’t you contribute a review, based on your own experiences? That would be an even more effective review than Emmett could make with his more limited exposure to the vendor.

Pete
Pete
4 years ago
Reply to  Cyn

Are you saying he would publish my review on this site? Have any reviews by readers een published on here before?

Cyn
Cyn
4 years ago
Reply to  Pete

There is always a first time, Just write it up and send it to him. Let him publish or not.

Pete
Pete
4 years ago
Reply to  Cyn

Al Brooks wears no clothes, get ready to read and SEE all in this shocking expose soon to be released.

Stray Dog
Stray Dog
4 years ago
Reply to  major mongo

Am I understanding you correctly Major. Anyone who demands proof of the claims made by trading vendors, in the form of verified trading statements, is a lemming. And the person who has exposed their lies and scams is a TURD. What a nasty confused world you have created for yourself. Thankfully most people who contribute to this blog have more sense than you do.

Jeff Boaz
Jeff Boaz
2 years ago
Reply to  major mongo

They trade a Sim account after the fact. I have yet to see a live money trade. They pick the best market for the day after close and show the wins and losses. Crap a monkey could do that.

majormongo
majormongo
4 years ago

Here you go again Emmett – JUST because someone doesn’t show YOU proof, you trash talk them. Since you’re so much into the truth, let your readers see what kind of a POS you really are.

https://www.tradingschools.org/reviews/ace-trades-review/

Why don’t you idiots think for yourselves instead of following the bottom feeders like Emmett Moore – y’all are sad.

XOXOX – MM

Pete
Pete
4 years ago
Reply to  majormongo

I guess Emmett can redeem himself from bottom feeding with an overdue takedown review of Al Brooks.

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Pete

That would be a great idea. Emmett has limited time why not set up an area where folks can submit there own reviews and then Emmet can provide an official one when he has the time.

Stray Dog
Stray Dog
4 years ago

I think that the number of posts and the amount of discussion generated in this review that is not related to the Smart Money Room shows that a forum would be a useful addition but what a lot of work to moderate/monitor it. I think that Emmett already has more than enough on his hands.

Jerry
Jerry
3 years ago
Reply to  Stray Dog

Steve Dewitt is the real deal!
It’s only $7 trial folks, don’t like it, get out, if you like it then pay monthly .
You can quit anytime. It’s only $197 per month.

Also, who cares what Brooks did, this isn’t about him

Chris
Chris
3 years ago
Reply to  Jerry

I signed up for the trial this week (10/17) only to find that Steve Dewitt is no longer with them. They didn’t go into detail other than to say they had a contract with Steve and it was not followed… 🙁

Jerry
Jerry
3 years ago
Reply to  Chris

Hi Chris,
Email me at brainbiz13@gmail.com
About Steve Dewitt’s room.
Anyone know where he went

Chris
Chris
3 years ago
Reply to  Jerry

Hi Jerry,
All I know is when I went in Monday, Todd Rampe was presenting and he said that Steve was no longer with them and then introduced Scott Dahlquist as the new moderator. I stuck around for the day but I wasn’t too impressed.

Granny Nelson
Granny Nelson
3 years ago
Reply to  Chris

Steve had a few WTF moments in his room…but, he isn’t a shitty trader. He made money most of the time…using the Pro9 software…which is pretty good imo. It’s about 80% accurate. Not perfect, but, not crap either.

Chris
Chris
3 years ago
Reply to  Granny Nelson

Granny, are you the ‘Granny’ in the testimonial section of his smart money room site? Are you staying with Scott in the pro9 room or are you going to get with Steve in his new room?

Mike
Mike
3 years ago
Reply to  Granny Nelson

Granny
How do I reach Steve

Mike
Mike
3 years ago
Reply to  Jerry

I was in Smart money room with Steve Dewitt. I saw him call 6 winners in a row. Never a losing day with him. Not all winners but easy %80 winners. I am trying to reach him also .email me at mchl6912@gmail.com

Chris
Chris
3 years ago
Reply to  Mike

Mike, how long were you in the room? Just a trial week or a subscriber? If a subscriber, how did you do? Thanks

Mike
Mike
3 years ago
Reply to  Chris

Chris
I was in the room for @ 2 months with Steve. Because of my work I couldn’t stay in the room for more than an hour and missed a lot. I missed some good calls by steve because of my inexperience. Sim trading, I was up @$2500–Real money, I had a +$950 day , +$550 day and a +$700 day trading 3 contracts. One of the worst days of my life was when I got the email saying Scott D was in charge of Smart money Room.I think Steve is going to open his own room but I haven’t been able to find that info. If any one knows how to contact Steve, please let me know. Contrary to what Emmet says Steve is probably one of the best future traders around. I wouldn’t be surprised if SMRoom loses a big percentage of its older traders

Chris
Chris
3 years ago
Reply to  Mike

Mike, From what I’ve learned Steve is opening his new room Monday. 10/24. You can get in for $99/month if you sign up by midnight tonight (10/23) after that it’s $149. His email is steve@yourtradingday.com

Stray Dog
Stray Dog
3 years ago
Reply to  Chris

Chris, if after reading Emmett’s review you fall this bunch of malarkey from Mike without getting proof in the form of brokerage statements then I’m afraid that you deserve to lose your money.

Cyn
Cyn
3 years ago
Reply to  Stray Dog

Just stop it, please. You dreamcrusher, you. They want to give their money away, and you keep telling them not to. Why? It is their money. Let them do as they will. They need no proof. Just leave them alone.

They want to trade on faith, not evidence. Let them. Faith is as heady a drug as hopium. As Moses would put it: “Stop not they that will indulge the hopium, for it giveth much comfort to the addled and afflicted.”

Rob B
Rob B
3 years ago
Reply to  Cyn

Come on even if putting the blinders on and walking off the cliff does not work, it seems so exciting:

http://screencast.com/t/gVhc6ouztJWT

Cyn
Cyn
3 years ago
Reply to  Rob B

For the fool who downvoted this, thank you for displaying your ignorance.

Cyn
Cyn
3 years ago
Reply to  Cyn

For the fool who downvoted this, your display of stupidity does you well.

Chris
Chris
3 years ago
Reply to  Stray Dog

Stray Dog, I didn’t sign up for the room, I was just wanting more information. There’s no harm in that. As for Emmett’s review, as far as I can tell, he didn’t even trial the room, so how does he know if Steve can trade or not?

To be honest, I don’t know how well Steve Dewitt trades futures, but I do know for a fact that back in 2008 when he was trading forex he doubled my account.

Stray Dog
Stray Dog
3 years ago
Reply to  Chris

I know for a fact that if DeWitt could trade he’d have brokerage statements to prove it but he has zilch in the way of proof. I also know for a fact that people can make any fictitious claim they like about doubling their account but again without a shred of evidence those claims have to get filed in the BS basket especially when they are made by person who is attempting to talk up a trading room operator who has been shown to be thoroughly untrustworthy.

Stray Dog
Stray Dog
3 years ago
Reply to  Stray Dog

I don’t want to give any more oxygen to these shills but I have to point out the utter nonsense of Chris’s claim that DeWitt was responsible for doubling his forex account balance. Let’s assume that Chris begins 2008 with a modest $5,000 trading account and he turns it into $10,000. He starts 2009 with $10,000 and it grows to $20,000. 2010 his account doubles to $40,000, 2011 $40,000 becomes $80,000, 2012 $160,000, 2013 $320,000, 2014 $640,000, 2015 he cracks the millionaire mark turning $640,000 into 1,280,000. Chris, if any of your claims were true, right now in 2016 you’d be on your way to a trading account of $2,560,000. If DeWitt could do even half of that for your trading account you’d have never left him but let’s face it, if he could do that he wouldn’t be flogging trading room memberships for $149 a month. If he could achieve even a quarter of your claim he’d be trading for himself and have nothing to do with trading rooms, he’d sure as hell be able to provide evidence of it to Emmett. Your claim is pure fantasy, it’s pure bullsh#t. Rob B pointed out a similar flaw in the logic behind Mike’s claim of making $2,500 in 3 days. I think it’s a better than even chance that both Mike and Chris are DeWitt trying to do damage control and direct people to his latest sham trade room.

Chris
Chris
3 years ago
Reply to  Stray Dog

Stray Dog, I’m not trying to convince you or anyone else on here of anything, just stating what happened to me. I don’t care if you believe me and I sure as hell ain’t pulling out broker statements from 8 years ago (even if I could find them) to prove some random dog on the internet wrong. I did double my account with Steve in ’08, but I didn’t continue trading with Steve. Why? Well that’s my own business. You don’t know me or what I was going through at that time and I’m not much for telling you.

I’ve commented on only a few different posts on this site and from what I remember, they are all from rooms I have actually been in or vendors I have dealt with. Yet on nearly every post I read I see you and Rob bashing any and everyone who says anything positive about a vendor. So you see, I could make the same claim that guys like you and Rob are in charge of damage control on this site. Hell, you could even be Emmett himself for all we know. Do you even trade? How about a brokerage statement from you? You both talk a lot of shit, but no one I know of on here has ever seen a statement from you.

Please don’t tell us you guys are here for the greater good and to warn us about all the bad guys out there. Walk the talk and pony up, dog.

Stray Dog
Stray Dog
3 years ago
Reply to  Chris

Pointing out the obvious, that a vendor who makes great claims about profitable trading but refuses to produce any proof in support of those claims is probably not someone you should trust or give your money to is “bashing” is it? It must be an interesting world that you live in where asking for proof that someone can do as they claim is an unacceptable thing to do.

As for me sharing my brokerage statements I should do this why? Am I selling a product? Am I running a trading room? Am I making any claims about my trading? However, I was happy to send scene shots of my trading account and the bank account where I keep additional trading capital to Emmett to prove the claims I made about those two accounts in the MES thread.

Perhaps you’d like to do the same to back up your claim of doubling your account in 2008.

Bottom line; if DeWitt traded anything at all like he claims he’d shove his brokerage statements in Emmett’s face and make him, me and everyone else eat humble pie. He doesn’t because he can’t back up his claim. If as a proxy you are claiming that you achieved some great success because of his teaching then there is an onus on you to support that claim too or you have to accept that some people who are capable of critical thought are going to call BS.

Chris
Chris
3 years ago
Reply to  Stray Dog

Didn’t you read what I wrote? I haven’t had anything to do with Steve since ’08. I have no idea if he can trade futures. He was no longer in SMR when I trialed last week so I don’t know anything about him now, only asking for those who might have had experience (which Emmett doesn’t). You say you sent Emmett screen shots, but that’s just your word. Like i said before, for all we know you’re Emmett.

Say what you want, but no vendor is obligated to show Emmett, Dean Handley, you or I anything. At the end of the day it’s every one for himself. If I share my experience with a vendor I’m not obligated to show if I made money, no more so than I’m obligated to show if I lost my ass. I’m not encouraging anyone to sign up with anyone, just sharing what happened to me. I thought that’s what this site was about?

Rob B
Rob B
3 years ago
Reply to  Chris

Chris,

Really????

You did not try his room but this guy doubled your account in 2008, but you have no proof of that. Your post is hysterical.

If this person doubled your account in a million years you would not have left him and as Stray Dog pointed out be very rich by now.

Let say for a second you are legit and not a shill. Do you not see how coming heer and saying this person doubled your account, but refuse to show any proof what so ever makes you look like a promoter.

Chris
Chris
3 years ago
Reply to  Rob B

Rob B,

Yeah – really.

Since I already dealt with this above I’m not gonna waste my time trying to explain it to you (that is if you’re not all the same person). For personal reasons, I left trading after ’08. I lost all track of Steve and had no idea he was in SMR until just a couple weeks ago, right as he was being released from his contract with them.

If I was a shill for Steve don’t you think I would have been on here from the start declaring how great Steve and SMR are? I just found this thread a week or so ago and thought I’d ask to see if anyone had REAL experience in Steve’s new room since Emmett clearly didn’t.

Look – I get it. There are a lot of frauds out there in the trading biz, but just because I won’t give you broker statements, a bank account screenshot, my SS# and my Netflix password doesn’t mean I’m a liar. No more than you saying you’re Rob B doesn’t mean you’re not Stray Dog or Emmett. See how easy that is?

Rob B
Rob B
3 years ago
Reply to  Chris

Absolutely right. Easy to be a fraud. That is why we here ask for actual proof of ones claims. You can go to all the other scam sites like investo-scam-u and post advertisements. This is the only and first place that demands proof.

Emmett stated these clowns refuse to show any proof what so ever they can trade profitable. That speaks volumes.

If he really doubled your account why do you need to ask anyone about Steve. You should join his room Today and then trade his method live and then provide some actual proof. Now that would be useful. Saying he doubled your account with absolutely no details and no proof what so ever not so useful IMHO.

So take the challenge, join his room and then report back with evidence.

Cyn
Cyn
3 years ago
Reply to  Chris

Faulty logic. You are making a specific claim of making money. You are being called on that to prove it.

Those you are attacking are not making any claims, as a prelude to selling their expertise, so what is the point of challenging them to prove they can trade profitably?

Any claims that they do make still have no relationship to your claims. You claim a profitable outcome. They do not believe you. Shut them up by shoving the proof in their face or slink away like the troll that you are behaving like.

Stray Dog
Stray Dog
3 years ago
Reply to  Chris

Despite making a 100% gain in 2008 you left trading for personal reasons! Those personal reasons being …
1. You were in a coma.
2. You were in prison.
3. You joined a monastery.
4. The color of money clashed with your eyes.
5. Money made your ass look big.
It must have been some very compelling reason to walk away from 100% returns and why has it taken 8 years to decide that you’d like to start making 100% on your money again?

Mike
Mike
3 years ago
Reply to  Stray Dog

Stray Dog
You talk like a real a**hole. You don’t even make sense. You are probably being paid by someone to act and talk stupidly because no normal person would say the stupid things you do. You ignorantly start telling someone that they were in a coma, prison, monastery. God was very unkind to you when you were born, besides making you a jackass he left you with a warped mind and very little brains

Rob B
Rob B
3 years ago
Reply to  Mike

He makes perfect sense to anyone that has experience the scam of trading rooms and their endless shill.

You see the shills have a monetary motivation to continually post nonsense. They have money on the line. So they are very motivated to lie and deceive.

Stray Dog
Stray Dog
3 years ago
Reply to  Mike

Hi Mike, I think you meant to say that I “write’ like a real a**hole. You may be correct and I guess I would come across as an a**hole to shills that I challenge to prove their claims of doubling accounts and making $2,500 in 3 days from a trading room operator who has demonstrated that he’s dishonest and unable to support his claims of trading profitability.

dtchurn
dtchurn
3 years ago
Reply to  Stray Dog

The pattern seems to repeat often with reviews on TS. The reviews comes out. The vendor ignores it and refuses to show proof to Emmett (because they have no live trading records for years since the last failed losses). Then the current client noobs and potential new clients ask questions referring to this review. Then the clients and newbs leave and drastically impacts the monthly churn of the sham site. Then the shill comes to TS comments here to do “damage control”. Check this out where the trading room mod puts down 2007 as start of trading experience. http://www.smartmoneyroom.com/bio/
Then “chris” says he started with sm since 2008. My guess is the vendor ordered the shill to do damage control. And now since it’s the same old bs about being profitable we got another “voice”, “mike”. And on archive.org, pro9trader site,
web.archive.org/web/20141219031405/http://academydaytrading.com/
has the title ‘trade like the Smart Money”. sounds more than coincidence. Both pro9trader and smartmoney seem to have been around for the same length, five years. Kazana’s old site on archive.org also said “tricks of the pros” as his current site says.

Chris the supposed shill
Chris the supposed shill
3 years ago
Reply to  dtchurn

dtchurn, learn to read. The bio is for Scott Dahlquist. I only took a one week trial in the smr when he was there. I didn’t like it so I canceled. I was with Steve Dewitt in 2008 when he was running Forex Confidential.

Btw, smart money room IS the traderoom for academy day trading and their pro9 trader system, genius. So yes, they’ve been around the same length of time.

Rob B
Rob B
3 years ago
Reply to  Mike

You made $2500 in 3 days, but:

“Because of my work I couldn’t stay in the room for more than an hour and missed a lot. ”

F’in take vacation and you would now be able to quit your day job.

More than likely you would have lost all your money back, of course that assumes you made $2500 in the first place.

Of course you are always free to show Emmett those brokerage statement on how profitable this TR is so he can re-evaluate it. Until that happens, I will refer to you as BS Mike.

Actually I have enough BS shills promoters I am fighting with. I will just stick the Stray Dog on you:

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

Stray Dog
Stray Dog
4 years ago
Reply to  majormongo

The trouble is Mongo that you can’t accept that people are thinking for themselves. They think that claims made by people like Ace Trades need to be proven by verified trading statements to prove that the product works. Without it Ace falls into the same category as people selling cures for baldness. The person arguing that a vendor shouldn’t have to prove their claims is the only idiot here and that would be you.

John Dakota
John Dakota
4 years ago

I bought the Pro9 system and was referred to this clown. Couldn’t stand listening to his juvenile remarks. Great assessment of this waste.

Tamiaya
4 years ago
Reply to  John Dakota

Not that Todd Rampe at Pro9 needed any help, but he shot himself by associating with Steve DeDimWitt

Dumpin donnie
Dumpin donnie
4 years ago

Sure looks like this guy attended trump university school for flim flam. Any comments on the software this guy uses…I think it is academy day trading.

dtchurn
dtchurn
4 years ago

Some comments about smartmoney. DeWitt’s new site uses Ninjatrader so it’s probably a new member of the ecocesspool. The photo of the blindfolded guy looks like from the same photo set used by Jousef’s GTR front page. I guess not many would disguise themselves like WT Ross with glasses and beard to look like a farmer’s market bread loafer guy. $200/month is a bit lower than the average legacy rooms. Netpicks continues with $300/month. Kongzana is $300/month also. Valdemar also peppers his site with “top trader” placement “competition lists’. My guess is smartmoney guy got caught one too many times so he’s trying to get part of the monthly churn of newbs at $200.

Don
Don
4 years ago

Hopefully you can shed some light on it Emmett!?

Don
Don
4 years ago

Comment for Emmett!! Can you please tell my why you have taking that scum of a chat room Warrior Trading review down? The reviews are from honest people and they should know the truth!

Stray Dog
Stray Dog
4 years ago
Reply to  Don

Warrior Trading review is still displaying for me when I search for it. I think one of the negatives of making this site more secure than the average blog is that it’s a bit glitchy from time to time.

Jonathan Shabazz Muhammad-Sanchez
Jonathan Shabazz Muhammad-Sanchez
4 years ago
Reply to  Don

Warrior Trading is still there. Something must be up with Google, but if searched in this website it is still there.

Fred Bradley
Fred Bradley
4 years ago

While I have not done an exhaustive investigation on Mr. DeWitt, I have spent several days in his trading room, and I can say, without reservation, that on most days, profits are being made. Of course, the amount of profits made by an individual trader depend on his/her experience and number of contracts traded. The last time I was in the room I heard one trader state that he had made $900 in that day, so it is not that people are not making money. Whether or not his background is shady, I have no idea. I am only speaking from my own experience without any preformed bias.

Chris
Chris
3 years ago
Reply to  Fred Bradley

Hi Fred. I haven’t been in Steve’s new room, but I can attest for a fact that when I was with him when he was trading forex around ’07-’08 (Forex Confidential, if I remember correctly), I was auto trading his signals and he doubled my account.

What I find particularly odd about Emmett’s review is that he is reviewing the site not the room. Unless I’m mistaken, it would seem he never even took the trial and went into the room, so how could he give an honest review?

Stray Dog
Stray Dog
4 years ago

And now we return you to the discussion about “Smart Money Room” and “Steve Dewitt”

Stray Dog
Stray Dog
4 years ago
Reply to  Stray Dog

Woops – wrong place.

trading in seattle
trading in seattle
4 years ago

Adams isn’t the friendliest guy in town, so he is not a guy you would want to choose to be friends with. He doesn’t seem to be looking for friends. I have been in the room for a while now, and the first 2 months he seemed to be on the wrong side of a couple of large trades, but has come back and been on fire for the last couple of months.

I share the same broker as him and can say they he didn’t blow any accounts out as my broker Jimmy just laughed at the question when I was seeing whether he was on the slide or not. He trades on sim some days and live other days, I just take the trades either way. Jimmy said he manges some family money, a lot of family money.

I was in the room when the guy with the website guy was trading and Adams wasn’t really that nice to him, but the guy was gonna be a problem and the room saw straight on. I don’t know the guy but he was from Europe or something and you coudl tell it wasn’t going to work out. Adams don’t do refunds and if asked gets pretty mad about thequestion. He just moved to Chicago and is working for a hedge fund now and does the room in the morning. Don’t think he is trying to get more room members though, he said he would honor our paid room memberships but didn’tpromise to keep doin the room after that.

Stray Dog
Stray Dog
4 years ago

@trading in seattle I’m calling bullshit on this post. If any broker devolved any information about one of his clients to another of his clients that broker wouldn’t have a job next week.

Dumpin donnie
Dumpin donnie
4 years ago
Reply to  Emmett Moore

Academy day trading pro9 trader connected to this guy

Tamiaya
4 years ago
Reply to  Dumpin donnie

The Academy Day Trading Software Pro 9 Trader and Todd Rampe … They charge newbies $2000 for their software. Let me tell you what the software is and how it is primarily traded: It is 10, 20, 50, 200 ema’s. The strategy: When the 10 > 20 > 50 > 200, buy pullbacks, when the 10 < 20 < 50 < 200, then sell bounces. There you have it. You can put $2000 back in your wallet.

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Tamiaya

Buy high and sell low- Quite the strategy 🙂
Trade it all on the ES LOL.

Thanks for the post- Amazing the chit these people peddle.

Stray Dog
Stray Dog
4 years ago
Reply to  Emmett Moore

T estimonials supporting the
U nfriendly, non-
R efunding
D ave Adams are very
S uspect

Stray Dog
Stray Dog
4 years ago
Reply to  Stray Dog

And now we return you to the discussion about “Smart Money Room” and “Steve Dewitt”

David Adams
4 years ago
Reply to  Emmett Moore

I don’t recognize trading in seattle, nor do I have a broker named Jimmy. It is true that I am trading for a prop house these days. (A real prop house not a Top Step trader type of thing) They are former colleagues when I traded at the institutional level. I have no comment on how much money I trade. I did have a 28% drawdown this summer, which has been recouped. I am running the trade room until the current paid members get tired of me. While I no longer use the website and have taken it down, the NO REFUND policy can be found on the internet archive for uniquethinkingtrading.com.

The money involved with William is $1066 not a couple of thousand. I explained the situation quite some time ago to Emmett and the NFA arbitration office, and the CFTC. Whether you care for me or not, in a business that features a nearly unbelievable failure rate (90%+), it makes little sense to guarantee anything but inevitable failure for those who are unable to commit fully to years of failure, frustration, and hard work. I run both sim and live trading DOMS while I trade and record every day. If you are in the room you can see exactly what has occurred each day, the DOM stays up the entire session so I don’t know where William fell off the boat. I keep the DOM up while winning and losing, which can be quite embarrassing if you are in a drawdown.

A trading room is no way to learn to trade and most individuals who enter trade rooms (with some exceptions) are looking for a way to make money without expending effort. Their money would be better spend learning to trade, not copying trading from a system they don’t understand. As this blog has uncovered, the chances of finding a competent mentor may be an extraordinary chore if not impossible.

From time to time, I have had the wrong ideas about market movement and lost some trades, that is called a drawdown and if you have never had a drawdown, you will. It’s part of the trading game.

I haven’t blown an account out in recent memory, and the 5k loss was part of the summer drawdown. It was simply the DOM from a larger account. In terms of actual dollars the drawdown was much more than 5k. It is true that I let some trades run but that is more a reflection of the percentage of the account total than the dollar amount.

I obviously don’t have the personality to trade with retail traders, as I was trained that trading is like walking with the Gods and every chance to trade on the floor was the greatest honor the profession could bestow, not visa versa. I tried to take advantage of those moments to trade. That being said, most traders expectations for their potential profits are unrealistic and usually overstated by potential trading mentors. Shame on both parties. You aren’t going to get rich the first couple of years and unless you are willing to put it all on the line (trade live) you don’t have a chance to win, ever. The idea that you are going to win most trades in preposterous. Ultimately, most of the commentators have it right…many of these rooms have betrayed the shiny challenge of trading and taken advantage of individuals who are desperate to make money.

As a trader, I have no time for retail traders who take the half-ass approach to trading and want to be spoon-fed profits. I suppose my refund record is a direct reflection of that belief. I never was a babysitter and expect any new trader to be as committed as I am…I am also not a big fan of the retail traders who think they know what’s going on when they have never made a trade of 100 contracts in their life…talking to you Sam.

Ultimately, the prop house is where I need to be and feel like I am back home where I should be…listening to ear-shattering rock music while going 1×1 with the market. it is the one place I feel comfortable in this business. That’s it for me…

Stray Dog
Stray Dog
4 years ago
Reply to  David Adams

A long post Dave, allow me to summarize. Dave couldn’t cut it as a retail trader.

David Adams
4 years ago
Reply to  Stray Dog

You are right, retail is not for me.

Lucky7
Lucky7
4 years ago
Reply to  David Adams

“I obviously don’t have the personality to trade with retail traders” You make it sound like you gave it a shot for a week and couldn’t handle it LOL You were peddling your shit since 2010 so why are you acting like some bigshot trader who never needed to sell courses or run a trading room?

http://www.trade2win.com/boards/futures-options/149498-david-adams-eminiprofessor-extreme-caution.html

Truth is, you needed that income, badly… From having seen you trade live you definitely do need a full time job. You obviously can’t make a living from this trading thing and being a “guru” is just too stressful at your age. Smart move David.

dtchurn
dtchurn
3 years ago
Reply to  Lucky7

A great summary of what really went down. Adams also talks out both sides. http://tradingschools.info/2015/08/05/a-review-of-emmett-moore/#comment-107
Probably didn’t trade live for years. If these scams could make a living , they would be building up an account and not even have to do a room. Also, his site http://www.uniquethinkingtrading.com is “suspended”. Along with not paying refunds to many clients over the years, looks like he left the web host hanging too. What a riot. At this point, if he still wants to play the vendor sham game, maybe he could join Ross Scameron’s team over at WT. What would likely happen is his sim and pretend trading would be even worse than the WT team’s.

Calvin
Calvin
4 years ago
Reply to  David Adams

Here’s your email david, you POS.

Well, I broke the news to the other fellas, to some grumbling I might add. So here is what you need to do. Send $1599 minus the cost of sending the money. Here is the address to use:

David Adams
231 State Road 1A
Westport, MA 02790

Then, you have to tell them that I am currently visiting florida and the money needs to be picked up in Orlando, FL.

Finally, send me the MTCN, along with your License number, and data feed passcodes, which can be done after you send the money and we can be off on our way to success. I really appreciate the trust you have placed in me. I won’t let you down.

There is also a 15 day refund policy for your protection.

David Adams
Unique Thinking Trading Solutions
Office: 309-336-3353
Skype: david.adams.trader7757
Primary Email: trader7757@outlook.com
Support E-mail: support@learn-to-trade-and-invest.com

“I hate the weekends because the markets aren’t open”
-Renee Rivkin

Cyn
Cyn
4 years ago
Reply to  Emmett Moore

He paid for education. He got the education. If it was useless that it not the educator’s business. If you pay for a degree in architecture, and cannot get a job designing buildings because you do a crappy job, you do not get to demand a refund from the university. Same thing. One must do due diligence before paying for ANY kind of education.

That being said, it is also well known that I am highly critical of David Adams claims and practices, especially after he demonstrably martingaled a 5k account into oblivion on as single trade.

Stray Dog
Stray Dog
4 years ago
Reply to  Cyn

@ Cyn – You do get to demand a refund if that was promised to you when you joined or to induce you to join.

Cyn
Cyn
4 years ago
Reply to  Stray Dog

Touche. I did forget that piece. Oops (hiding my face). I agree with you. You do get one if that was promised.

Calvin
Calvin
4 years ago
Reply to  Cyn

When one clearly initiates they will refund you and you get nothing, no trading education ever, not once entering their trading room, and then ask for the refund they told you they would do…..you Cyn too would expect a refund.

Calvin
Calvin
4 years ago
Reply to  Emmett Moore

David did it to me a couple months ago and now laughs about it

David it scam loser

George
George
4 years ago
Reply to  Stray Dog

I was there the whole time and it is bullshit. He was nice to the guy but you could tell he was never going to make it. No one can trade for you and after Sim for at least 6 months and you cannot be consistent go to Vegas, I spent 5 years as a weekend crap shooter and at the end I was even and had lots of fun. Sorry, but you have to figure out your own method and aggressively keep going.

David Adams
4 years ago
Reply to  George

Thanks George. It was an unwinnable situation for me.

Haze Nihil
Haze Nihil
4 years ago
Reply to  David Adams

Typical horseshit wall of words reply from Adams. Collect your Social Security and fade away please.

trump scam con man
trump scam con man
4 years ago
Reply to  Haze Nihil

Joined there room and it was like I was in ripoff trump university. The scamming, lying and cheating was really bad. stay away..

fake teeth donnie
fake teeth donnie
4 years ago

Not worth the money stay away

fake teeth Donald
fake teeth Donald
4 years ago

How is academy day trading connected to this guy?

Calvin
Calvin
4 years ago

David is full oh crap. He sent me email after email outlining his “15 day refund for MY protection” then BS’s you, lies and gives excuses. He say he will refund you and sometimes says he did and look for check, but its BS and then laughs to you about it. Total loser…

avgdwner
avgdwner
4 years ago

Adam’s exposed. Emmett should bring back the deleted David Adams review and include this page. http://davidadamseminiscam.com/
The blog writer originally believed Adams’ lies and spam from the reading the comments here on ts.

avgdwner
avgdwner
4 years ago
Reply to  Emmett Moore

Sounds good Emmett. You have seen Adam’s new shit blog he posted a few weeks ago. The last photo on this review reminded me of it.

Lucky7
Lucky7
4 years ago
Reply to  Emmett Moore

I know the author, William, as I was on the trial period when David Adams blew his 5000$ account and started acting shady as hell. Had a great time fading David’s entries as he had a knack for entering on the right side of the market. I tried to warn the room members about covering their shorts when I could see NQ was about to breakout (it did). David didn’t like that and posted some shit on his blog aftwerwards lmao

dtchurn
dtchurn
4 years ago
Reply to  Emmett Moore

I was re-reading the “warning” story to refresh myself. that was amazing, 600 million. Makes me wonder how much money people are losing to the markets through the internet vendor scams for the period say 2008 to now. I noticed the same stuff about Adams over a year ago so it’s just the same ol story. https://www.tradingschools.org/warning/#comment-1907

Stray Dog
Stray Dog
4 years ago

T rusting
U ndocumented
R esults is
D angerous and
S tupid

rtchoke
4 years ago
Reply to  Stray Dog

Well said, Stray Dog.

Pete
Pete
4 years ago
Reply to  Stray Dog

What if it’s someone who has the opposite personal attributes of a Steven Dewitt or a Joseph James, but still produces no proof of their successful trading?

The best example of this type is Al Brooks, he apparently was a highly successful doctor so people believe everything he says without evidence. I watched Joseph James school of trade videos and he makes very similar analysis as Al Brooks does but charges a lot more and has no personal background/credibility.

So Al Brooks is legit because he doesn’t charge $5000 a month or because he is a doctor? This is the attitude on trading forums and I want jEmmett to honor (with a review of Brooks) those who bought into and lost following Al Brooks since 2008 without any evidence ever being produced.

Stray Dog
Stray Dog
4 years ago
Reply to  Pete

Al Brooks has been mentioned several times in posts on this blog. I can’t recall anyone saying that he was legit or the real deal.

Lucky7
Lucky7
4 years ago
Reply to  Pete

Al Brooks is legit in a sense that his price action approach is sound. I have his books and they were useful. He does not give you a system, he walks you through on how he interprets price action. It’s a great help for those who want to learn how interpret price. Will it make you profitable? That’s up to you.

It’s a bit like learning to read sheet music, that doesn’t mean you will become a good music composer but at least you will have a way to interpret the notes and symbols on the page. And as most people know you don’t even have to know how to read sheet music in order to be a great musician but it helps.

Pete
Pete
4 years ago
Reply to  Lucky7

He is legit in the sense that most trading teachers are legit, a small fraction of their teachings have some kernels of truth for consumers to extract, there’s bad info mixed in as well if you backtest his claims about close of bars/moving avgs/etc. His sales of books/webinars/courses are predicated on his outrageous claim he takes up to 100 trades a day on the ES emini using his “sheet reading music” method of analysis and that you too can scale size up to 1000 ES contracts intraday as well to attain “income of your dreams”

Lucky7
Lucky7
4 years ago
Reply to  Pete

You obviously don’t know what you’re talking about.

Pete
Pete
4 years ago
Reply to  Lucky7

Al Brooks doesn’t know what he’s talking about, but he’s making good money nonetheless. None of his ideas are original, he shouldb’t be charging money for offering basic trading analysis or suggesting there’s an edge following his outdated and appropriated teacings

Lucky7
Lucky7
4 years ago
Reply to  Pete

So why am I making money using his teachings?

Pete
Pete
4 years ago
Reply to  Lucky7

Because you’re a new trader who stumbled onto Brooks’ reappropriatons of common knowledge (edgeless or a small edge) trading ideas and you’re fooled by randomness. Within several years your profits are likely to revert to a mean of 5% or less yearly. due to random nature of market (which Brooks cult refuses to accept, randomness, degradation of edges)

Lucky7
Lucky7
4 years ago
Reply to  Pete

I’m not a new trader. You’re assuming a lot of things it seems. My personal experiences show otherwise so there’s not much you can say to disprove it.

Pete
Pete
4 years ago
Reply to  Lucky7

Ok, so you traded for years before finding Brooks’ books. What did you learn from his teachings that makes you think his teachings resulted in your profitability? I and most traders I know find little original and nothing unique in his teachings that has any positive expectancy.

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Pete

I agree that Brooks did not invent price action and there are plenty of others that implement it with success.

I have read Brooks books and consider that in itself a success-
I also have purchased Brooks videos. I have spent $$ on a lot worse trading products.

Oh- I am also a graduate of the Steve Nison candlestick university
– so I am an expert with candle patterns as well. LOL.

The $$ I have pissed away!

Compared to most of the buggers out there Brooks is the least of the crooks IMHO.

Brooks provides so much info that it is easy to get overloaded and in any given day you could make an argument for any one of his setups long or short at the same time.

Whoa- Was that a second entry long- No! it was a failed 2nd entry short with a 2 tick trap! So at 1st glance you could say it is all BS-

Once I started to recognize traps I started to better understand the market. I am sure Brooks is not the only person to teach them but he was one of the 1st I learned from so I give him credit.

Something happens when you add screen time and you start to see things develop at the right edge. And as Brooks say’s it typically takes a few years.

There are also people like John Persons who uses and teaches his own version of PA combined with pivots. Another course I took and benefited from.

Of course there are people who believe turning your monitor sideways and looking at volume profile is the way to go, and others that claim they see Jesus watching the tape.

But for those who do not believe in price action there is one simple indicator that would make a believer out of you within an afternoon of testing it’s only available with Ninja though.

I would share it but I consider it an edge or people would call me a shill for the vendor so I won’t but I will include an example from yesterday.. Btw- Each signal in the enclosed pic also generated an audio alert which is why I entered trades on a holiday. Normally I was not going to trade so I went in small because I had a signal- and that’s what traders do right? 🙂

Lucky7
Lucky7
4 years ago

I’ll bite. What’s the name of the indicator?

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Lucky7

I call it the Price Action doesn’t work indicator LOL. Seriously I don’t want to promote a vendor product here as awesome as it is.

I wouldn’t want to break any rules and be banned like they do at some sites 🙂

Trades for today… With brooks info added. Gold – Sell- Blue Buy – But you still need to know how to trade it.

Tamiaya
4 years ago
Reply to  Lucky7

The number one all time downloaded indicator at Big Mikes is the Price Action Pro Indicator for Ninjatrader. If you don’t have it and want it let me know and I will send it to you also with a link on how to use it..

Larry Warshauer
Larry Warshauer
4 years ago
Reply to  Tamiaya

Please send me the info on the price action pro trader from Ninja trader. From my experience trading is relatively simple. There is a relationship between gold silver treasuries and stocks. If is a verifiable relationship. When stocks VTI (OR THEIR TRIPLE LEVERAGED
versions tqqq, upro, tna go up in gnerall ugld, uslv and tmf go down and visa versa. SO THAT IS YOUR FIRST EDGE – KOWING THAT REALITY. I am giving you that information in exchange for you telling me about this price action pro indicator. by ninja trader

Stray Dog
Stray Dog
4 years ago

Crooked Hillary, Jesus wants you to share the name of the vendor.

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Stray Dog

It’s not like the indicator is magic- It only helps if you understand price action. The ES chart today- One tiny sell signal at the open and all those buys. If you don’t understand PA you get chewed up in the sausage grinder. The ES was simply going through support resistance levels this am – all of these levels were on the chart before the open. No magic numbers needed LOL.

All I am trying to say is price action works if you understand the context. If you don’t you are screwed.

Winter Is Coming
Winter Is Coming
4 years ago

@ Crooked Hillary

Why the white out of indicators so nobody can see? I am sure you realise (based on the fact you state when used correctly this setup is profitable) that you could give all of this away and it wouldn’t make a single bit of difference to the market. Institutions drive the market and they create the footprint that your indicators work from.

If they are proprietary to you then sure, but if they are not (and from looking at them I don’t believe they are) I am sure just stating what you are using and where you got them is not breaking any forum rules. The other traders on here can then make up their own minds if it works for them.

Emmett is not Big Mike!

Crooked Hillary
Crooked Hillary
4 years ago
Chris
Chris
4 years ago

Fat Tails is one of the good guys over on Big Mike’s.

dtchurn
dtchurn
4 years ago
Reply to  Chris

I would agree. Fattails and his indicator contributions are one of the few legit things about bmt. Some advice for newbs would be to play around with fattails’ best indicators and make up your own system.

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  dtchurn

Yep- I don’t think anyone could ever say anything bad about Fat Tails. A stand up guy from every post to every indicator he has ever produced.

I believe many of his greatest hits indicators are published over at his commercial site at Lizard Trader.

Maybe start there and save the $100 and wasted time at BMT.

Pete
Pete
4 years ago

BS. his Indicators don’t have any positive expectancy in navigating a random walk and he writes his indicators for-profit without being a verified trader. He’s a shithead.

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Pete

What if the random walk is a myth? What if there are obstacles invisible to you that the market must respect in order to move?

What if your belief is based on
selective brain filtering?

As is demonstrated in this famous experiment:
https://www.youtube.com/watch?v=vJG698U2Mvo&feature=youtu.be

What if the answer is inside you but your ego stubbornly refuses to allow access? What if the guru within really means releasing the chains created by the ego?

Why does Van Tharp have a spiritual component to his program?

It took me a long long time- and I have data going back 3 years now and once you know – it’s easy to spot in addition to others who know reveal hints.

Just like a new model car- 1st it is amazing and then you start seeing them frequently.

But guys who believe in random walk’s and Big Mike with his random line theory will forever be in the pits of darkness.

I only post this because there is at least one person who reads this site that knows what I am speaking of. He made a post a while ago revealing it and no one picked up on it.

Cyn
Cyn
4 years ago

“I only post this because there is at least one person who reads this site that knows what I am speaking of. He made a post a while ago revealing it and no one picked up on it.”

What did the one say, and how do you think it was missed?

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Cyn

He mentioned it took him several years figuring this out but knew it could be done after witnessing it first hand.

He mentioned the market doing the same thing each day- it always has a destination and will reach it
with exceptions of course and I believe he named them.

I think it was missed because there was zero response- No thumbs up or down no comments- Only crickets.

Chris
Chris
4 years ago

Any direction you can provide for us masses lost in the darkness?

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Chris

I would recommend trying this product. If you can’t tell a difference in the 1st 30 days send it back for a refund.

http://neurohacker.com/

You need a method that is profitable and that you trust.
But you need to first trust yourself.

Everyone I know who is a success
took thousands of hours of hard
work with no guarantee of payoff.

Be honest with yourself if you are
not willing to do what is required
( most aren’t) you will not make it.

This is what creates the market for these “Training companies”.
But even a good one will likely result in your failing because of
the psychology.

There is one question I used to
start and built upon.

That question is: ” How do you
determine whether the instrument you are trading will be in a trending day or a range day?

Act like a mad scientist try using everything you know to solve this problem. Test test test. Pour your focus and energy on answering this and then before you go to sleep each night ask yourself ( and expect to receive) an answer or something that will lead you to it.

As you progress you will get strange ideas and thoughts – GO WITH THEM no matter how stupid they may sound they will be your best source. Most people ignore them- and that’s the ego holding you back. Once you recognize this
your world will start changing.

Answer that question and you will have your trading plan.

Once you have a trading plan the
hard work begins- Psychology.

But at least you will have a method you can trust that you
created and that’s a fine start.

It is important to honor and trust yourself.

Your beliefs are the software not
who you are and they can be
changed-

Beliefs are those patterns running
in your head – a good example you have likely seen is the homeless
person talking to himself or with tourettes syndrome.

We all have patterns running just
at a much milder level. In trading
these patterns make us over trade- revenge trade FOMO etc.

But that’s another topic all in itself.

The product mentioned earlier does a great job of allowing you
to observe these patterns.

I am just a happy customer- I get nothing for referring it.

Crooked Hillary
Crooked Hillary
4 years ago

I tried to publish links but have been placed in limbo I guess.

Lizard trader- auction bars Written by Fat Tails.

Winter Is Coming
Winter Is Coming
4 years ago

Thank you,

I thought so.

I know Harry very well. One of the best coders out there. Very good choice.

🙂

David
David
4 years ago

Ok, I see auction bars, the lines not sure, where are they from? 🙂

David
David
4 years ago
Reply to  David

Free Dynamic SR indicator can draw these lines, but if you purchased them, hmm I remember Rios Q is selling exactly the same. No? 🙂

Pete
Pete
4 years ago

Brooks it could at providing a description of price action and providing labels. This has nothing to do with having a positive expectancy, which is a favorable probability of being able to select profitable trades. Brooks has deluded you like all other semi-sophisticated traders, this cult really is amazing. Why doesn’t he run a charity with a small % of his trader education profits if he’s as good as trading forum people think?

Pete
Pete
4 years ago
Reply to  Pete

*Brooks is good at providing a descrition of price action*

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Pete

@Pete- You have very strong beliefs and you will manifest those for as long as you hold them.

That’s the reality. If you think the market is always random then that will manifest for you. It’s simply the way life works – Best of luck.

@David the SR indicator is free- Only paid for one indicator.

Pete
Pete
4 years ago

Not beliefs, data derived from backtesting and years of experience not beliefs. Brooks cult is able to manipulate and exploit semi-sophisticated consumers based on certain non-random features that have no probability-based frequency which can be foreseen except in hindsight, that’s why he’s selling same ideas as Joseph James and other less savory types without the cult appeal Brooks has, shocking Brooks lovers are on here!!!

Lucky7
Lucky7
4 years ago
Reply to  Pete

Brooks teachings take a while to sink in and apply but once it clicks you can make a lot of money. You’ll get it if you keep trying, don’t give up.

Pete
Pete
4 years ago
Reply to  Lucky7

Brooks is high-class caviar shit in an ivory-league toilet. Joseph James and Steven Dewitt are McDonalds shit. It’s still all shit and even caviar shit should be reviewed and flushed!

toto
4 years ago
Reply to  Pete

You have to be a newbie idiot with not many years experience trading thinking that you can take money from most sophisticated firms in world trading on a 5min candle chart. Entering like magician Al Brooks on Limit orders and scalping 1point all day…

If you told all to trade a Real Account with his real money on line on 5min chart he would shit his pants!

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  toto

Let me tell you my experience with how one of these sophisticated firms traded my account. It was a large account for me > 6 figures.

I personally know the quant and he is a really smart guy- He is contracted by all the big players globally. People in the biz all know him.

6 months less than 2% return and the the equity curve in was scary. But when I looked at the trades – My god- a 4 year old could trade better. But according to you and Pete’s thinking these were likely the most significant trade areas statistically.

In the meantime I have these funds tied up with an automated sophisticated fund going nowhere inside a brokerage that although is good you never know if it will be the next MFglobal or PFGBest
( Oh- I had an account there at one time as well- Highly recommended by the pro’s at the time)

So today I have a small percentage size of this fund and each week on average I earn more than what I did with 6 months when it was in the hands of the ” sophisticated professionals”.

One day I may blow this account – Or the broker may go out of business- and guess what- It won’t really matter! I trade my method and I trade in peace.

I know how the professionals do it I have experienced the risk and seen the madness. I will do it my way thank-you-very-much.

But again thank you for worrying about my well being- telling me what is right and how to think.

Been doing this since 2003 and it took a long time to become profitable.

Pete
Pete
4 years ago

If you’ve been day trading since 2003 then it’s surprising you think Al Brooks’ books actually had much influence on your view of price action, he just described stuff any intelligent and observant person would know after a few years of watching price. There’s a guy who own a brokerage on futures.io who doesn’t believe Al Brooks trades. He has the data, mass student failures, to show how Al Brooks is a master of BS or he’s trading opposite of how he teaches. Either way it’s appalling, what Brooks is doing to people while smart traders kiss his ass. It needs to be exposed by this site!

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Pete

Perhaps you could try reading my responses for content.

“Compared to most of the buggers out there Brooks is the least of the crooks IMHO.”

Brooks provides ways to look and identify price action and that is a start- Did I ever say it was everything? No But at least it gets you looking in the right direction and at things you can build from.

I purchased some books and a video series years ago. I use some of the things from these resources daily which is much more than I can say for some of my other training investments. But I want to remind you that I am a Steve Nison graduate . LOL

Pete
Pete
4 years ago

Brooks says he trades for a living. Therefore whatever he makes from selling products is a very small fraction of what he makes daytrading. He must make like $500,000 a year from day trading to be consistent with this logic.

Where’s the evidence of his students having success like that? Big Mike is a millionaire because of the lies he and his bedfellow Brooks are selling, not because he mastered Brooks’ teachings with 5-15 minute charts on the ES.

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Pete

I have said what I want on Brooks- Whether profit comes from his info or in spite of them may remain the mystery.

You do however bring up other points regarding the bigger fraud at futures.io and Big Mike.

You say a broker is displaying private account stats on futures.io ?

That is sleazy- A quick search on privacy and Big Mike indicate this is common complaint.

If he thinks you are a threat or may know more than him he monitors your private email is the accusation.

That is scum of the earth sleaze that only a unstable boy living in Ecuador could live with.

I see little difference between futures.io and the Ninja Ecosystem. Big Mike just drains your wallet slower that’s all.

Personally I know a few really good trainers. I attended one seminar training over a weekend and live trading following his method the following Monday.
Real trading on his live account
Where he made $350 if I recall on Hog Belly’s.

His family was there and throughout the weekend we got to know them- there was no BS with any of them. The conversations about the economy- their neighbors businesses etc. Stuff that is hard to script let alone get congruence with all family members.

Admission was $800 – A major former sports figure came for a visit to say hi (not to us- but to him) – The GM of the MGM grand came by to greet the man and to insure everything was okay with his suite and the room In addition 2 of the 12 attendees who were long standing students arrived by personal plane.

They came to the seminar not to learn but to have fun and honor the guy with their respect.

Almost forgot he also brought along his PHD statistician and during the breaks you could ask him anything you wanted.

You do the math he lost big $$ on the seminar – Oh meals were also included. This guy is awesome.
Students walk the walk and you will never see a hint of him at futures.io.

So I reflect on that experience and look at the actions over at futures.io and it just makes me laugh. People don’t know what they don’t know and place their mis-guided trust with Big Mike.

The bottom line there is if Big Mike benefits you will see it displayed on his site- It is all about HIM.
Nobody seems to want to think for themselves So he gladly leads them to slaughter. HOG BELLYS! LOL

Chris
Chris
4 years ago

Care to share the name of the mentor?

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Chris
Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Chris

If you look at his presentation charts you will see the resemblance to the charts I posted.

I don’t use his indicator’s I use Lizard traders- Look at both sites you will see the similarities of
what real traders use.

The huge benefit of John’s seminars is you get to build a belief that you can be profitable.

For 3 days you get to eat- drink and talk with other traders at all levels and some at the very highest levels.

If you believe the best you can make is 5% a year you may be able to shatter that old belief.

The social networking portion of this seminar was equally as valuable as the technical analysis. IMHO.

Chris
Chris
4 years ago

Thanks 🙂

Pete
Pete
4 years ago

Most futures.io members know BigMike is a conman. It’s like joining a gang, the leader and other members offer you something in return for the front money (elite membership). Big Mike’s voice is a raspy sociopath’s tone,Al Brooks’ voice is a mellifluous bass with hints of empathy, that’s why he’s so dangerous.

Al’s been teaching for 8 years, Where are his successful traders making six-seven USD figures per doing this crapshoot “trading for a living”?

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Pete

Yes- They usually learn this when they get banned LOL

David
David
4 years ago
Reply to  Pete

Just wondering what is Al’s real name and why would anyone quit medical career to trade.

dtchurn
dtchurn
4 years ago
Reply to  David

There could be any number of malpractice reasons or a big blunder to force a md to lose his license. Another example is righlinetrading’s plastic mutilator and pill pusher Sachs. If I recall Brooks had a daughter or two that went high tuition ivy school. Ssomeone in elite posted Brook’s google maps house which looked similar in value to Valdemarre Kazangaganana’s meagre abode.

Pete
Pete
4 years ago
Reply to  Emmett Moore

Are you going to write a review on Brooks? I e-mailed you with my issues with him weeks ago and never heard back from you.

toto
4 years ago
Reply to  Pete

Yes..would be nice to get a review on Brooks Emmett…guy is one of the biggest vendors out there yet no review on him.

Also runs a Live room for $99 where he regurgitates some Limit Orders he took and maybe/but what market might do..almost comical if one has any trading experience

Pete
Pete
4 years ago
Reply to  toto

I sent Mr. Moore another email about this Brooks. This Brooks must be exposed for what he is and what he has done to new traders since 2008 without yet a peep of respectable negativity.

dtchurn
dtchurn
4 years ago
Reply to  Pete

I don’t think BigMike is that big a con as the worst exposed here on ts. However, most elite members eventually realize how useless it all is and the journals are a joke since they are either daydream sim shams that never post their losers, or hidden vendors trying to build up an audience to refer to contacts later. Many are deluded showoffs that blow up their account and every few years, there is a different set of outspoken members. Al Brooks has such a forced and fake bass voice. He must have spent as many hours forcing his vocal chords as he does his trading session hours.

Pete
Pete
4 years ago
Reply to  dtchurn

This video of Brooks https://www.youtube.com/watch?v=JRKT9uZiiDc is as creepy as the Heaven’s gate cult initiation videos on Youtube. The fake bass voice theory does a lot to explain the overall cult of deception. I have received MSGs from several subscribers of Al’s webinar who said he legally changed his last name for ease of pronunciation. GL to Emmett following the smoke trails.

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Pete

This thread forced me to dig out the seminar notes and manual to determine who likely helped me today Brooks or Person.

Having read the Brooks material prior I bundled the credit in with him.

But a quick review of this simple manual can be put right up against those Fat Tail indicators and the evidence is quite clear.

So I withdraw my support for Brooks and keep things simple.

Thanks for making me research this it actually helps.

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Pete

Well thank goodness you are here to tell us how to think and to save us from ourselves! LOL

And thank you for providing market liquidity.

Crooked Hillary
Crooked Hillary
4 years ago
Reply to  Pete

This is from my buddy Avery- AKA The rumpled one- Enjoy!

“Look, for example, at this elegant little experiment. A rat was put in a T-shaped maze with a few morsels of food placed on either the far right or left side of the enclosure. The placement of the food is randomly determined, but the dice is rigged: over the long run, the food was placed on the left side sixty per cent of the time. How did the rat respond? It quickly realized that the left side was more rewarding. As a result, it always went to the left, which resulted in a sixty percent success rate. The rat didn’t strive for perfection. It didn’t search for a Unified Theory of the T-shaped maze, or try to decipher the disorder. Instead, it accepted the inherent uncertainty of the reward and learned to settle for the best possible alternative.

The experiment was then repeated with Yale undergraduates. Unlike the rat, their swollen brains stubbornly searched for the elusive pattern that determined the placement of the reward. They made predictions and then tried to learn from their prediction errors. The problem was that there was nothing to predict: the randomness was real. Because the students refused to settle for a 60 percent success rate, they ended up with a 52 percent success rate. Although most of the students were convinced they were making progress towards identifying the underlying algorithm, they were actually being outsmarted by a rat.”

and a few quick market open hi probability trades for me. LOL

Biotechy
Biotechy
4 years ago
Reply to  Stray Dog

haha that’s right!

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