Trader Makers
-
Honest
(5)
-
Quality
(5)
-
Cost
(1)
-
Verifiable Trades
(5)
-
User Experience
(5)
Trader Makers
A true scalping room. Moderator is a very good trader. All trading is real and verifiable. DOM always present. Clear entries and exits given. A beginner can easily copy all trades. Trading takes place usually less than one hour per day. No free trial period. Expensive at $400 per month and $3300 for the mentorship, with indicators and course.
User Review
( votes)
The following review is for Trader Makers. A futures day trading room that primarily specializes in trading the emini russell futures and the emini crude oil futures contracts. This day trading room is owned, operated, and moderated by Gerard P. Reynaud. This day trading room typically trades the first 90 minutes of the trading session, the daily goal is $300 in profit, and daily loss limit was $300. This was based upon a single contract.
During the month of November 2014, I attended a full thirty day period. Gerard does not offer any free trials. However, I was able to negotiate a reduced rate to attend the room. Normally, the room costs $400 each month or $100 per week. I was very hesitant in spending a monthly fee to review the room, the vast majority of trading rooms are a complete waste of time but after watching several of Gerard’s videos, I decided to take a chance.
Throughout the month of November I was able to collect 32 hours of video recordings from the live trading room. On several mornings, the trading was finished within the first 15 minutes, we had hit our profit target and the day was done. Several other sessions lasted longer and the trading was choppy. Some days were extremely cooperative, some days we got whipsawed for losses.
During Week One, I assigned my assistant to trade on a simulator. She works from her desktop computer, on a simulator from the Philippines. If a non native english speaker from the Phillipines could replicate on a simulator, then there is a pretty good chance that anyone can replicate. Anyway, during week number one she finished with a gross profit of $800 and a total of 32 trades. All of the orders were entered on stop orders, no limit orders were used at any time. In addition to no limit orders, Gerald had his trade profits and targets preprogrammed with stop orders. The typical stop was five ticks per contract, and since we were able to preprogram the entries and exits, this made for very simple execution for my assistant. Our final results on a simulator were quite impressive. What I also found impressive was that Gerard, at the end of each day, would post his live results from both his DOM and from the control panel within Ninja Trader. These results were also promptly posted onto his blog for everyone to see.
Another thing that I found really impressive was that Gerard presents a very clean trading screen, and a trading DOM that also clearly shows exactly what he is doing. He also talks though the entire trade, from beginning to ending. After reviewing the video from week one, I was so impressed that I felt secure enough to jump in and trade my real money account.
Week Number Two…Real Money Trading
On November 10, 2014, I decided that I would attempt to recoup my monthly membership fee and trade my live money account. Of course, the trading gods did not smile on me. I took the trades and lost $200 on day number one. We took a total of 10 trades in the emini russell, gold, and oil. Kind of a bummer way to start my real trading with Gerard. But things started picking up.
On the 2nd day of live trading, I finished with $0 in profit on six trades.
On the 3rd day of live trading, I finished with $220 in profit from 10 trades.
On the 4th day of live trading, I finished with $160 in profit from 18 trades.
On the 5th day of live trading, I finished with $300 in profits from 8 trades.
For the entire week, I took a total of 52 trades and grossed $480 in profits. After commissions, I finished up $250 for the week. My trades matched perfectly with Gerard’s posted trades. For the entire week, I logged four hours of live trading. Some days, we traded for only a few minutes and were done.
Weeks 3 and 4, LIVE TRADING RESULTS
There were only four trading days on Week 3. I grossed $240 in profit on 32 trades. Net profit after commissions was $90.
On the fourth and final week of the month of November, there were only two trading days. I grossed a total of -$120 on 22 trades. Net after commissions was -$220.
At the end of November, my total results for live trading, after commissions and trading room fee’s was a grand total of -$220.
Conclusion Of Live Trading For November 2014.
After commissions and trading room costs I ended up losing $220 for the entire month. But this does not tell the whole story. Why? Because during week number one, all of the trades were taken with a simulator and these trades could of been real and verifiable trades with a net profit of $650. Theoretically, if all trades were taken for the entire month, then the net profit should of been $430.
The Bottom Line
Gerard Reynaud really does trade. Everything that happened in the room, the good and the bad was recorded. All trades could of been copied. He was very clear and concise with this trading. He was very open and honest about the results. No limit order nonsense or fake results. The guy puts it on the line everyday. And my impression is that he really cares about his students. With this being said, I really wanted to spend more time trading with Gerard and so I scheduled another trading week for the first week of January 2015.
Continued Live Trading With Trader Makers
On the week of January 5th through January 9th I paid for an additional week of Gerards trading room. My live, real money results were as follows:
January 5th: +$230 10 trades
January 6th +$200 8 trades
January 7th +$220 10 trades
January 8th +$120 12 trades
January 9th +$320 8 trades
Gross profit of $1070 for the week. After commissions I netted out $750 in profits.
What I Can Confirm
Without a doubt, this guy is the real deal. The posted trades are real and Gerard really does trade. No limit order bullshit fake trades that we see so much of. All of his trades, I was able to replicate. Though I have not spend a great deal of time reviewing his trades going back several years, I can definitely confirm that that time I attended and recorded the trades, I was able to replicate everything and there wasn’t the slightest hint of chicanery.
What You Can Expect
This is a scalping type system. Trades happen quickly. You will win quickly and lost quickly. Which is actually pretty nice. Nobody likes to be stuck in trades with a wide stop for hour after hour. The trading style is fun and lively. Gerard wants the trading to be fun and lively. All in all I have to say that I really liked the experience and I would definitely recommend that you spend a week in his room and attempt to replicate Gerard’s trades on a simulator, if you can show a profit, then attempt real money on weeks two through four. At the end of the month, if you liked the experience, then I would recommend taking the plunge and purchasing his mentoring and indicator package.
The Downside
It is actually pretty difficult to put together a list of things that I do not like. But here it goes…the biggest downer is no trial period. As much as I tried, I could not get any free time from Gerard. If you can get it, then good for you, I could not. The next downside is the number of trades and the amount of commissions that you will be paying to your broker. Gerard is an active trader. Make sure that your commission rate is capped at $1 each side or you will be spending a lot of your profits on commissions.
Well that’s it for now. Thanks for reading and don’t forget to leave your comments below.
The World has indeed changed
I agree with Sam Evans comment posted September 2021. Was a student of Gerrys back in 2016. The system was quite literally as good as it gets as far as scalping goes, then the market changed irrevocably; not sure if it’s algos/bots or something else, but scalping has become near impossible. It’s quite literally the case that nearly 8 out of 10 trades experience a fake-out that wipes away your stop loss before going precisely in the intended direction. There’s no fix, and increasing the stop loss to compensate for the fake out will just mess up your risk:reward.
I might revisit his strategy the next time i find any cash laying around; im curious to see how well it would work on bigger timeframes where fake-outs are less problematic.
In any case those looking to join are too late. They stopped teaching a few years ago and focused on selling the indicators only, and as of this year the entire website is offline so they may be out of the game.
Pros
Cons
Did you find this review helpful? Yes No
The World has changed
Was a big fan of TraderMakers – they’ve currently shifted to selling the indicators only and have retired from teaching students. In all honesty back in 2016 the logic behind this system was flawless and was the closest thing you could have to an edge in scalp trading. But i can’t help but feel something has changed in the market since then. Volatility is all over the place, increase in number of fake outs amongst other problems.
When I first started trading this everything worked perfectly and price seldom touched the stop-loss, but now almost every trade would stop you out before heading to the intended direction. It’s just not workable and I’ve stupidly ended up losing bread money because of it.
My advice is forget about scalping in 2021, whether it’s the algos or bots or market dynamics that have changed it’s clearly made scalping much more difficult.
Pros
Cons
Did you find this review helpful? Yes (1) No
Geez, I forget all about this guy. (Gerard)
Way back, when I drafted this review, he actually had a track record. But at some point, he stopped posting one, or just stopped trading altogether. I should probably update this review.
It’s sort of funny in that I hardly ever post a positive review — I cannot remember who they are!
I did this course a few years ago. Yes a nice guy. Private coaching included in the price. Even an exam before he “lets you loose”. Profit? None. Tiny gains. On bad days, lots of tiny losses plus commission. Waste of time. Not profitable overall.
Lol – Emmett, I noticed this review got removed from your website. Looks like Trader Maker’s changed their business model to selling software only? Did he have a blowup? Is he getting too stressed out with the responsibility of making profitable traders?
Is it a joke?
If you check this vender’s record, you will be laughing that how come this vendor could charge this high while just make freaking scalping and leave huge profit on the table. Did he have any proven setup that can lead profit big sum than just half point joke profit? Never seen. We can see some time vendor boast it only take 10min to reach target, but is it repeatable or just pure luck? What I see is just pure luck. If you are serious trader, you won’t expect such kind of childish hoax. Forget it man, this vendor is just a joke.
Did you find this review helpful? Yes No
I fail to see how this can be profitable using Ninjatrader. Looks like 30% of profits are eaten up by Ninjatrader’s fees, and another 30% are taken by taxes. That leaves you with only 1/3 of your earnings to yourself.
Is anyone really doing well using Ninjatrader?
That said I am interested in this service. I’m just a little concerned about commission fees and taxes making it unprofitable.
Where can I find verified track record? E.g. on myfxbook.com.
Gerard and all,
No one wants to read back and forth accusations or bickering. But, forums like this are the natural place to get to know about different services. I like the daily results you show on your website. But, I’m quite hesitant to pay some $3500 for your service up front before hearing from the actual experience of some who have tried it. Given that you don’t offer any meaningful trial period, and given that you should be confident about the quality of the service you offer, I don’t think you should have any problem with your service members sharing their experience. I promise it will only increase the demand for your educational package (and I’ll be the first).
So, folks out there, please speak up and help a bro here! Any comments from those who have actually paid Gerard, preferably after he discontinued monthly service and became all up front, and have been with his service is highly appreciated.
Good afternoon gentlemen,
Anyone is entitled to an opinion and this is why reviews like this one exist. Still anyone can draw their own conclusions.
If you have any questions or issues, you could address them directly with us. Our customer support satisfaction is of the highest level. We will be able to answer and help you more than anyone on this thread. Moreover we’ll be glad to do it in a professional manner.
If anyone is in possession of any recordings while on a visitor’s temporary access, then he/she violated our terms and conditions of use. We take it seriously. Everyday we produce original content of proprietary nature and have the right to maintain our property. Anyone who disagrees will show no regard to the principle of authorship and copyrights that exist for a reason. The email you received is not a threat, just a reminder.
To the Trading Schools.Org community, unfortunately these exchanges will come up from time to time, is the nature of the Internet. Our practices have and will remain consistent. We’d like to encourage everyone to contact us directly with any questions, comments or concerns. Emmett has done a good job with his reviews. Unless there is anything else in need of a fact check we’ll contact Mr. Moore directly and we’ll be keeping the comments at a minimum on this space from this point on.
Happy Trading and to All!
Gerard
He gave you a great review, so why are you threatening lawsuits? Yes, it was a threat, no matter what you choose to call it.
Very strange. I would have thought that such a good review has probably actually gained you customers, so why the hostility? You sound like a very ungrateful person to me.
Wow, you guys just sent me an email (see below) threating to sue me for recording your chat room. The errors in your live vs website published Account Performance pages is the truth. Apparently you don’t want the truth to be told about your trading room. Makes me think that you have a lot to hide. Good luck making a profit with this POS trading room ….that’s my opinion.
Dear Sir,
It has come to our attention that you may have in your possession recordings from TraderMakers’ online meeting sessions which contain proprietary information.
We would like to remind you that recording while participating on any of our private sessions is a violation of our terms and conditions and constitutes an action punishable by law.
Unauthorized use, reproduction, dissemination, or communication of such material or any information contained in such recordings is strictly prohibited.
We will prosecute all violators to the fullest extent of the law.
Thank you for your attention to this matter.
Sincerely,
Legal & Compliance
TraderMakers, LLC
How do they know who you are to sue you. BTW suing your customers is usually not a great strategy for a business. Plus want harm has come to them, did you attempt to sell some proprietary information? I think that email speaks volumes about this Trading Room and their ability to truly trade profitably.
Ridiculous.
This threatening letter means that they clearly have something to hide.
A “Terms And Conditions Of Use” statement doesn’t write law. Copyright violations would only attach if the individual were attempting to profit from any proprietary information.
The letter that indicated that it was from “Legal & Compliance” was either not written by an Attorney, or written by an extremely incompetent Attorney.
Recording something that is in the public domain; i.e. the internet, violates no laws either in any individual state nor federal U.S. laws.
An individual recording actions which reveal a fraud or an attempt to mis inform would in no way be actionable. However intentionally posting misleading results in an attempt to entice individuals to purchase products from your business most certainly is actionable and the recordings could be used against the business to provide the neccessary evidence.
Regards
Thank you Thomas Kailey for explaining the error. Using two platforms during that time period seems to be a plausible explanation.
I also have Rob B’s question “are you trading with a simulator or live?”.
Is it possible to trade (profitably) with more contracts… say 10 or 20 contracts?
Thank you
Hello again,
In regards to Ali’s comment, yes indeed Gerry was out the last 5 days attending a family emergency. He is back in the office and has returned all pending messages.
Thanks for clarifying that.
Regarding TraderTraderTom’s comment, this is a problem that we’ve continuously faced when new people come into our room for just a handful of days without knowing exactly what we do and how we do it. But that’s ok, fortunately we DO know what we’re doing. During the month of August, many may recall, we introduced Bloodhound’s auto-trading capabilities with our system and we ran it along with our usual trading. It was disclosed to all of our members.
It is likely that the differences he points out may have been the result from each platform as we ran live demonstrations. We decided to do this precisely to show folks the performance variance from manual to automated trading. In reality, we really wanted to keep that a little more private as a benefit to our full-time subscribers, but now that he brought it up, we can only thank him for sharing the word about how good our system and tools are. Ultimately he documented 100% profitable days during his attendance.
Note: Now that we are on the subject, although our software and tools are of exceptional value and can provide great benefits to many traders, Gerard still relies solely on his manual trading and expertise on calling and executing setups.
There are no mistakes nor wrong doing here. Just a lack of information from the participant. Had Mr. TraderTraderTom contacted us more than six months ago with his issue, we would have been happy to let him know more about us and answer any questions.
And as always, Emmett, thank you for your contributions and remember that you and anyone else here is welcome in our room anytime.
Happy Trading to All!
Thomas Kailey,
I appreciate your response, but a couple of questions. I did not see any type of free trial so one can verify Gerry’s performance. Also does Gerry show actual live brokerage statement as evidence he actually traded live. Trading sim and setting that simulator to fill on just a touch and trading live is completely different, especially when you are scalping for a few ticks.
I recorded the live sessions in Trader Maker on the days listed below and the live results did not match the results he posted on his website. His NinjaTrader Account Performance page in the live session (which was shown live) did not match the Account Performance page he later posted on his website. Something very wrong was happening. If you can’t trust him to post the actual results how can you trust him at all? Note the error was always in his favor.
8/27/15 +$80 live vs +$300 posted on website
8/28/15 +$180 live vs +$180 posted on website
8/31/15 +$200 live vs +$240 posted on website
9/1/15 +$190 live vs +$250 posted on website
Whoa! Really Tom?
thanks Tom. nice find
They have not posted their track record since Jan 15.
Also, I’ve tried to contact them, or them to contact me, via phone and their webpage but have not heard anything.
Does anyone what’s going on?
Thanks,
Ali
I actually heard back from Gerry. It seems that he’s been busy because of some personal emergency. He also said that he’s going to update the track record, which he did.
Ali,
I am just curious are you in his trading room? In TF you can get a bit of slippage and I am just wondering does his track record accurate include the slippage. Are you able to match his results? To say profitably scalping TF for 4 or 6 ticks is very tough to do would be an understatement. Just wanted to see what your experience has been.
Bob,
No, I’m not in his room. I’m a beginner and am shopping around to find a good mentor with a good room to learn and to shadow/copy. Based on Emmett’s reviews, Gerry’s service is one of those that I’m looking into. I’d really love to hear from someone who has actually been in his room to share his/her experience as well as commenting on your question.
Ali,
The reason I asked was 2 fold. I watched his videos and track record and he never had slippage even though he was using Stop Limit and Stop orders. It is possible for his entries he could set the stop limit’s limit to zero, but then I would expect him to get jumped on some entries. But even on the one trade he lost and got stopped on, as shown in the videos, he had zero slippage on the stop market order.
I have not been to as many trading rooms as Emmett, but I have been to many in my past and I have never seen anyone truthfully that could profitably scalp TF. I think in Emmett’s review he only traded live for 1 or 2 weeks. I do not think he got any documented brokerage statements for a long period of time showing he could actually trade this method profitable over a longer period of time. I do not thing 1 or 2 weeks tells a complete story. So I to would like to hear from others in the room and hear if his track record over time is truly accurate accounting for slippage and all. And does he show a brokerage statements showing he actually took the trades. Simulation is just not the same when slippage is factored in.
HI, can you tell me the minimum amount of capital one would need to get started with this program?
I would say 5k is the recommended trading capital.
The method is based on trading 2 lots per instrument so you will have at most 4 lots involved on trades at the same time but this is very rarely (having 2 simultaneous trades).
This mean you can have far more less capital but with less room for mistakes.
i am a current student of the Trader Makers program. It is, without a doubt the best program I’ve seen or been involved with. I have been floundering in another system for a number of years and making very little progress; and with virtually no support. Gerry gives me all the support i need. But in addition to that he holds his students accountable. This is very important to me because I need someone to hold my feet to the fire, as it were. Without that I tend to drift along and end up accomplishing little. It is obvious that Gerry cares about his students and he wants them to succeed. He puts it all out there, every trading day. It’s an excellent system, but be prepared to work!
Hi,
I took this course so this are my 2 cents after taking this course in March this year:
1. Trades are live but only those on AM time. Those posted with PM times are usually taken by Gerard by his own since the trading room is open for maximum 1 hour in the morning but usually half an hour (very few exceptions when news like FOMC are on PM the room will be open on PM too)
1′. Room is open until targets are hit (gain targets or loss limit)
2. You CANT take the trades if you do not know the system unless the market is very slow, like this fall, so expect about 4-8 weeks until you learn the setups
3. Once you know the entry rules you can follow Gerard and take his trades even on fast markets.
4. Until you develop a sense of market flow you can’t trade by yourself. The system has some simple rules for filtering the trades but these are not enough for keeping you away from trading on bad market conditions. For those wanting to learn PA and market flow I would recommend Lance Beggs books.
5. Since this is a scalping system (targets are 5 ticks and when market is volatile you may have a second target at 10 ticks) you will need a broker with low commission and one with “take profit” and “stop loss” orders resting on server side since you have no time to call your broker if internet drops that is why I’m with NinjaBrokerage and Continuum.
6. The systems recommend to use the static DOM for trading. This imply more commission. You CANT trade properly with the dynamic dome. Since I do not like to switch my view from charts to dome and vice-versa I am using Innovative Ordering from ninza.co
7. One of the best things about this system, and never mentioned, is Gerard will put you to pass a test before confirming you can trade alone and being on your own feet as a trader. The test is not easy to pass.
Final word: This systems is a scalping system and this requires certain qualities from a trader: fast thinking (if you know you are a second guesser this system is not for you), able to respect drastic rules (the system has fixed rules: when to enter when to exit and even when to close you trading platform because certain limits has been reached) If you know you are greedy or not able to restrain from revenge trades this system is not for you. You have to be able to admit sometimes, you trading day has finished after 5 minutes of trading.
For what is offering the system is a bargain but it may not fit you.
Thanks. The review says it is excellent for beginners. Is this system recommended for someone who has not traded before? How long would you say it would take to learn and be able to trade, and then be able to reproduce the same results? Regarding the concern of commissions, can someone point me to brokers that can have a $1 round trip target for commissions? I looked at interactive brokers options commissions and could not be sure since they are dependent on the premium value.
I will leave the first part of the question up to the guys at Trader Makers.
At far as brokers, I recommend Matt Zimburg at Optimus Futures. matt@optimusfutures.com
Very smart guy that cares about your success. And you can get him on the phone quickly with any problems. Try doing that with Interactive Brokers!
Thanks. I took a quick look at the Optimus Futures website and they quote for example for the mini russell 2000 with 11-50 round turns (which is sort of what trader makers do per day) has a total rate per side of $2.07 (one of the components is commission of 50 cents). So would it be $4.14 the total transactional fee per round turn that I would have to pay? Isn’t there something cheaper to approximate $1 per round turn or am I interpreting the quote wrong? Also, how do you think people use this service? let’s say they earn 25K per year if following the trades in their live room. Is it more just for a side income? or once they learn the system, they would trade for longer time to earn more?
Thanks Emmett. BTW, did you say you were preparing a review of Felton Trading? I would be interested in that.
lets compare with this vendor:
http://valutrader.com/day-trading-results/
Caney,
Looking at those posted 100% win rate results, IMO it screams replay fantasy results -SCAM. There is also a thread on Big Mike that discuss this vendor. Unless he is offering some extended free trial showing he can trade this software live and achieve those results, which I highly doubt, I think you would have to be a fool to pay money for that software. But heck a fool is born every second.
I tried Valutrader a couple of years ago. Not sure what he does now but back then he did not call trades. He had a system that he was personally very successful with but it required a lot of discretion and experience in the markets to know when to take a signal and when to pass. Myself and 4 of my buddies ended up dropping out even though we paid for his software as we could not replicate his results at all. Anyway, maybe things changed since then.
ValuTrader, oh yes. A review is coming on this guy. And it wont be pretty.
Guy, don’t know if you realize but you’re leaving a 1 star rating for some Valutrader on a post dedicated to Trader Makers!
I address this issue because my first initial view was into, on top what overall rating by TradingSchools.org on top of a page, I also checked User Rating for TraderMakers, and it is low. Now I see why…
This is irrelevant and messes up overall TraderMakers ratings, guessing confuses others too.
Just to note.
after checking its record, i realized the holding time of each trade is just seconds or dozen seconds, which means you are fighting with HFT algorithms. that’s crazy, that’s not the right way of professional trader. if you check this blog:http://valhallafutures.blogspot.com, you will know the difference.
Actually, Vahalla does a lot scalping as well.
Trading is a really, really, really tough game. Did I mention that trading is a really tough game?
What is more difficult than trading? Finding an educator that really trades. In my humble opinion, Gerard is being open and honest, and showing his trades. Very rare. His style of trading, or the methods of execution are another debate entirely. At the end of the day, finding the proper educator is alot like finding a wife or husband, it has to mesh, and its difficult to find a good wife or husband. Just my two cents.
Emmett, I would love to get more of your opinion on Vahalla.
Definitely getting to Vahalla. I dont know if the guy trades or not, but I will find out. And just because someone writes a book doesnt mean anything.
Why is everyone searching for a website that teaches one to trade and wants to cut your head off if you ask for a free trial or charges so much it would stop the Donald from taking their course? I think Right Line trading is about the best out there. I have never traded or don’t have the money for anything except trying to learn the ropes. But from what I’ve seen and heard from the site it looks like the best deal out there.
Emmett, I have a suggestion: Can you (somehow) calculate the amount of time it will take the average trader to recoup all his training course fees from these sights?
For example- TraderMakers:
3300 initial course fee (ouch!)
1000 per month (estimated profit)
-400 per month subscription fee
-55 per month live feed for NinjaTrader from Kenetic
——-
545 per month estimated net profit
3300/545 = 6 months to break even using this strategy
I probably left out a few other fees, but I hope this is a clear explanation.
Do you think it would be helpful to add this type of analysis to all reviews?
There is no subscription fee for the room when you take the course.
George,
Thanks for the info. You mean once I pay the $3300, I can use the room for life?
Is that what you did? Have you had success?
No, I didn’ take the course. I asked Gerard.
Hi Fred,
We thought we send you a reply and a quick fact check for the whole thread…
Yes, the $3,295 includes the course, the software and the room unlimited!! Our program is an all-inclusive, one-time payment solution.
Feel free to contact us at info@tradermakers.com for more details or to schedule a free phone consultation with Gerard.
Happy Trading!
Thomas Kailey
Support/TraderMakers
Thanks Thomas. Gerard gave me a 1 day free pass for Mon 9/28/15. I liked what I saw so far. Gerard explains everything as best he can. Sometimes trades come fast, but he still tries to give an explanation. I would like to talk to at least one person who is currently trading with TraderMakers before I commit to the class. Anyone? Gerard is supposed to give me a reference.
Greetings to All!
Thank you for the comments and questions.
No need for concern.
Gerard is out of the office traveling until Sept 15th. We realized he failed to update the blog with a leave of absence notice, but he will be back posting his room trades on 9/15.
Please don’t hesitate to continue to follow us and contact us directly with any other questions.
Thank you!
Thomas Kailey
TraderMakers
After reading the review & comments about TraderMakers, I have a question:
If we have to cough up all this cash ahead of time ($3300), plus $400 a month, can we trade all day? Emmett mentioned Gerard only trades a couple hours in the morning. Are there opportunities for trade setups later in the day, or is it just in the morning.
Let me ask Jerry and have him post a comment.
their blog stopped update without any reason.
I have a very strict policy about trade calling rooms; namely, NEVER pay for any high price education, system, software, etc unless you can try it, even if you have to pay a nominal amount for a trial. Therefore, this vendor’s product at $3300 is a non starter for me.
There are too many other rooms that will give you free trials.
Hi, you should update your review, as the room only option is now not available. You have to buy the course at $3300 then you have access to the trading room
Thanks for the update!
@RV: If you are interested in joining Trading Mission you should contact them as they have a 2 day free ticket to join the room. I took it and it was a good experience. Give me your e-mail and I send you the contact info.
Hi Javi,
Great. Thanks. brewddude@gmail.com
Andrei, shoot me an email if you read this. I have some info for you.
-RV
@RV: There is only a 100 UDS trial for a week not refundable- I did not take it (yet) because you need to take his course in order to understand his scalping system. I talked to Gerard the owner of Trading Mission and he was open to all my questions. However, I joined Trading Mission with Carlos for 2 days so far. He has a U$ 300 4 week trial which is refundable. He day trade CL futures. He gives you an entry stop and targets but is up to you how to manage your trades. I would need more time to share a real feedback.
Javi and Chis,
Thank you very much for your responses. I very much appreciate it. Javi, ironically, I got confused and was actually referring to Tading Mission so good to hear your thoughts. I think it may be my next trial if you review it favorably. Chis, thanks for your input as well. Very interesting and glad to hear you find it worthy to potentially pursue it further.
Good weekend to all.
-RV
Good Trading,
=RV
@RV: I took 5 days trial for 100 USD.
It is not a room to copy without knowing the system because things can go pretty wild and may not have the time to shadow the master
If you buy the system I assume you have to practice a lot but this should not be a problem since the method support market replay(from what I could saw)
What is very appealing and rarely found is the fact that being a scalping system the risk is low, I mean lower than this cant be found and if you can not cope with it then maybe trading futures is not for you.
So, in my opinion the system is a real deal (considering very serious to buy it) but not for shadow trading.
Chis or Javi,,
Did you ever take the 1 month trial if so how did it go? thanks.
Larry, how are holding up over at Trading mission. Hopefully well?
-RV
@Larry Smith: Larry, since you are with this system for an year mow, I want to ask you a question: Can you tell me please, in the last 6 months how close are you to duplicate the Gerry trades taken in the trading room, I mean you were able to take 90% or 75 % or what ever % of the trades he did take in this 6 months period of time and this involved how many hours of practice a day (beside the time spent in the trading room)?
I took Gerrys course a year ago and learned his system. I have been in a dozen rooms , stocks, futures, and forex he by far is the absolute real deal without any doubt at all he is the most consistent reliable and open trader I have met its not a get rich quick system but you will see consistent results .he had 3 setups and 3 only and follows then to a tee. I am currently in the room and enjoy it 100 percent
Larry, thanks for taking the time to comment. I means a lot to everyone that is struggling and trying to make their way.
Hi Larry since you have been in Trader Markers room for a while, can you please share how much are you earning per month. I am looking for a room to join.
Thanks
Larry,
How long did it take until you reached break-even? This includes course fee, all your monthly fees, live streaming quotes fees, commissions, everything.
Hello Larry. Who is Gerry? What trade room does he have? I haven’t traded stock or futures but want to learn and I am trying to find a decent one and not a scammer and one at a decent price. Any other info you have would be greatly appreciated. Thanks Ron
Javi, because I am trading a system that keeps me full time occupied from 10:30 to 17:30 (ET) I am looking for something that can be traded before 10:30. This offers me only very limited options: Trader Makers,Trading Star Pro and Trading Mission.
The trial on TMakers will be finished on next Tuesday since the guy is on trip now. At this time I am 90% convinced this will NOT be my choice.
From the guy from Star Pro I could not get any kind of trial (free or paid) but only regular monthly payment. I even ask him to record a session and send it to me next day but he refuse this too.
The only one that convinced me with his site only (and videos on the site) is Trading Mission. This guy also have foresightfx.com where you can find some of his technique (it seems the same but have other indicator for futures not available anywhere).
I do not know your personal conditions but you may want to hunt for 2 days trial on TraderShark and see if they can be more appropriate for you: real traders, relaxed environment and no big upfront payment and no more than 10k trading capital. You may pay for coaching later.
Chis, I am in a similar situation as I also want to trade the US open for 1 or 2 hrs. I think that I will try first Trading Mission as he is the only one giving a full month trial refundable. I will take a look at his trades on you tube on the weekend. I have an account with interactive broker and I think that with their charts it will be good enough to follow him although I only have experience trading stocks. Any thoughts are welcome.
@Javi If you like this kind of fast paced trading you may want to try eminivolumetrader.com
I guess you can easily find a way to get a few weeks of free trial beside the default first one. You don’t have to pay such a big upfront fee since the training is included i\with the monthly fee.
If you want smth more relaxed, you may want to try tradershark.com but here free trials are rare and only for 1 day.
@Chris Thanks for both suggestions. I just looked at the web of eminivolumetrader.com and it shows monthly summary of the results ( 2 different results ) but not each trade results and is missing results from November and December 2014. On tradershark.com I can´t find any results. Have you traded with any of them or know someone who is trading and doing well ?
Javi, you can trade for free 1 week on eminivolume.
Shark has results in About Us\Performance.
More about them here
http://media.wix.com/ugd/cc5378_2e7998f8250b4f60bba81f975e8dca4b.pdf
and here:
http://media.wix.com/ugd/cc5378_7cbe169f2533453c8b39b57847f3dc0f.pdf
Chris, Thanks fot the links on both magazines. Let me know your final thoughts on Trader Makers after your trial period.
@Javi : I paid 100$ for 5 days. Today I realize one more thing I do not like: he is watching 3 instruments: TF, CL and NG. For scalping such short time frame like 3 RNG and watching 3 instruments you gonna need very long practice to duplicate his results.
@Robert: I can think on many brokers with orders reside on your platform not on their side and FYI I’ll mention one here: Infinity Futures. Dorman also will keep your orders with Continuum but will not with Rithmic.
For the rest of your question/affirmations you may find the answers to them re reading my post above.
I am on trial period with this guy.
My only concern is about not letting people to speak each other in the trading room.
As a prospect I would like to find out the opinion about the course of actual students.
Anyway if you trade with them you may like this piece of software instead of paying for static DOM: http://ninza.co/product/superfast-ordering
This way you keep focusing only on charts avoiding switching the focus to the DOM back and forth.
One other point is: latency can be a problem but you may find a broker where pending orders reside on his server not your PC ( like Dorman)
This is for Chis. You are saying that the indicators you link to are the ones sold by geraud, or you thinknthese indicators approximate his trades?
Or , and I hope not, you are simply putting in a link to a website that you own or are paid to post for?
Almost very platform, in fact I cant think of any that don’t , transmit the ordrrs to the broker to reside. Unless programmed not to.
Hi Chris, thanks for your suggestion on Ninza and Dorman. I have to check this issue regarding latency. What type of trial did you get ? How is your experience so far ?
Hi Emmett,
Good review. I have a few questions for you- How were you able to replicate his trades if you did not take his course ? Did you finally decide to take his course ? What was your experience ? What is the content of the course ? Are you currently trading in histrading room ? Thanks
Hi Javis,
I got your message earlier today. Thank you for reaching out. And I apologize for not getting back to you sooner.
I did not purchase the course from Gerard at Trader Makers. And as far as I know, Gerard has not read this review. Nor have I ever spoken to, or have any relationship with Trader Makers. The 40 days that I spent covering the room was to dig deeply and look for fraud or deception. There is no fraud or deception with Gerard. He is the real deal. However, if I could give you one piece of advice…do not trade live money until you have absolutely proven that you can execute what Gerard is teaching. Why? Because Gerard is teaching a scalping style of trading, and you are located in South America, this means latency. It simply might not be feasible to attempt to scalp a market located thousands of miles away from your current location.
If you can successfully make a profit from a simulator, and the simulator requires “limit order pass through” then you have something real. I cannot stress this enough, you need to execute on a simulator that requires that the price pass completely through in order for a trade to record. The simulator at http://www.tradenavigator.com is the most conservative trading simulator on the market, and will give you the most accurate market experience. Consider it.
If you can execute on a simulator, then attempt with a live account. If and when you begin to grow your live account, then and only then should you consider making the plunge and making the large purchase.
Contact Gerard personally, ask for an extended free trial, explain that you are in South America and that you are concerned about latency. If he does not agree to help you with an extended trial period so that you can attempt on a simulator, then I would recommend that you pass and look for other opportunities. And there are plenty of opportunities.
Hope this helps.
Emmett
Hi Emmett,
Thanks for your advise on what steps I should follow up. I did not think of latency and I will look at tradenavigator as a trading simulator. In the past I have done the opposite, purchasing first only to find frustration and disappointment afterwards. My biggest obtacle is the cost of the course and I need to be 100% sure before purchasing it. Thanks again !!!!
Hi Emmett,
Did you received my email that I sent you ? Gerard does not allow any free extended trial period. I would like to hear what other options you recommend to me. Thanks again.
It looks to me he has two contracts per entry not only one.
Thanks, Chris.
Hello,
When you traded with Gerry am I understand correctly that you traded one contract to achieve your results? If so, what was you stop and profit target?
Thanks for your help!
Hi Mark,
He (Trader Makers) trades a 5 tick stop loss on the emini russell, and a 6 tick stop loss on crude oil.
On the profit side, for the first contract he targets a limit of 5 on the emini russell, and 6 on crude. Contract one risks 5 ticks to get 5 ticks, etc. When the first contract is filled, then the strategy is pre-programmed so that the second contract moves to break even on the 2nd contract, and looks for a larger move or runner. I cannot remember the runner target. Need to go back and review the tape.
The most important thing to consider is that I was able to confirm performance in a real trading environment. Whenever a trading room or educator is using a limit order, then execution MUST BE VERIFIED. By for the most common form of fraud with trading educators or trading rooms is the use of limit orders executed on demo accounts. I wrote an article about a slick hustler using limit orders, that you can read about here.
Trader Makers is the real deal. Not cheap though. But at least you know that the guy is really trading.
Thank you, Emmett.