Trading Mission Review

Trading Mission Trading Room
  • Honesty
  • Quality
  • Cost
  • Support
  • Verified Trades
  • User Experience
3.3

Summary

PLEASE READ UPDATED REVIEW

An all around excellent trading room. The focus is 100% on making money as well as mitigating risk. Carlos Diaz is an excellent trader. He trades with patience, discipline, and cares about the audience. No high pressure gimmicks to entice you to purchase an expensive indicator package, trading course, or trading system. Trades are easy to copy and consistently profitable.

Pros: Very honest room moderator that really trades. A trading style that is risk averse. Very easy to follow trades. No salesmanship or attempts to sell a multi thousand dollar trading course. All trades are verified. A consistent performer. Very experienced trader.
Cons: 7 months of verifiable results might be considered light. Not cheap at $297 a month. Took an average of two days to get questions answered via email.

***PLEASE READ UPDATED REVIEW***

Trading Mission Review

download (1)Today’s review is a futures day trading room that I originally discovered back in August of 2014. At that time, the trading room had been in business for only 2.5 months and my initial screen recordings showed promise. However, the trading room had very little history, a rough looking homemade website, and the head trader was a guy fromPuerto Rican ES Trader Puerto Rico. Now I have to admit, I have not met many people from Puerto Rico and maybe I carry around a few racial stereotypes of the average Puerto Rican. In truth, people with a heavy latin accent remind me of my gardener or maid. Please excuse my ignorance and subtle bigotry. Lets jump into the review.

Last September 2014 I contacted the room owner, Carlos Diaz and managed to get a free trial for a week. During the trial week, I recorded approximately 23 hours of live trading. The following week, I again contacted Carlos with a pen name and a new email address, I again requested a free week of the trading room. The following week, I recorded approximately 26 hours of live trading screen recordings. Since the trading room was new, I put the 49 hours of screen recording aside until January.

My Initial Assessment

Carlos reports his trades on a spreadsheet that his embedded on his website. Of course, we have seen many spreadsheets from many different trading room vendors, and have learned that they are mostly worthless, made up nonsense. So, my approach is to review the screen recordings and then match up the trades from the spreadsheet that the moderator posted. Specifically, I want to make sure that the moderator is not creating a “live” trading video from a recorded playback of a previous market session. This is an old trick where they have the market session recorded, they then execute trades over the recorded session, of course they know where the turn points will occur and hence produce amazing  trading results. The next thing I look for is to see if the trading room vendor is placing his trades directly on the chart or directly on a DOM. This gives me an idea of whether the moderator is posting trades clearly and concisely, where the rest of us can actually copy what is happening.

During the two week trial period, I live recorded and was able to clearly identify 14 trades in the Crude Oil contract. The gross profit for the crude oil trades was $1080. For the ES emini 500 contract I recorded 4 trades for a gross of -$325. The total net profit after commission for the two week period was $645.

During this two week trial period, I was actually quite impressed with how well the trades were clearly called  and executed on the charts. Another impressive aspect was how the trading day never lasted more than two hours. And I was receiving no pressure to purchase any subscriptions or trading products whatsoever. However, since the trading room had a very limited track record, I decided to come back a few months later and conduct a follow up review.

December 2014 – Continued Review

I returned to the Trading Mission trading room on December 1st, with the intention of having my assistant in the Philippines trade on a simulated account from December 1st through December 12, if she produced a positive result, then I would trade my live account from December 15 through December 19.

I have to admit, I was a little nervous about my assistant. Firstly, she is located in Cebu City, Phillippines and her english is not perfect. How would she perform on a simulator while the room moderator was speaking with a latin american accent? To my surprise, she executed each trade with perfection. With the ES she executed 5 trades for -$25, and with crude oil she executed 15 trades for a gross profit of $1750. After commission paid, my assistant netted $1625.

Trading LIVE

I was really impressed with how well my assistant performed on a simulator, and since I had over 100 hours of live trading recorded and verified, I was comfortable trading my live money account. However, during the week of  December 15 through December 19, I had to visit relatives in Idaho for the Christmas holiday. And so, I decided to let my 13 year old son, who lives at home with his mother, trade my live account on my behalf. I dont this very often, but I trust him (mostly), and he has his own account that he trades every morning before school.

Anyway, he traded Trading Mission with my live account and reported -$100 in the ES on 4 trades, and +$1060 on crude oil with 15 trades. A pretty good result. I gave my son half the profit, which of course he quickly squandered on Xbox games.

What I Like About Trading Mission

There are several things that I really like. The first, and most obvious is that I made money and put forth little effort. I also find it very impressive that my assistant was able to replicate the trades, considering that Carlos speaks with an accent. My teenager was also comfortable taking trades and he mentioned that it was super simple because Carlos trades directly off of the chart. With a chart present, and the open orders sitting on the chart, things are easy to understand. Carlos also is not frenetic about moving around profit targets and stop losses. The few exceptions would be when he decided to just close out a trade at the market. These market orders to close an open position also included the average slippage of one tick, which would be considered the norm.

Another thing I really like is that Carlos Diaz is a trader first and a marketer second, not even a close second. In fact, he is a terrible salesman. No fluff or nonsense with this guy. He just trades. I have seen and heard hundreds of these trading room moderators come and go, Carlos Diaz is a skilled trader and a not so skilled salesperson. He lets his trading do the talking, the results speak for themselves, and I can confirm that he definitely is pulling the trigger on his trades.

Another thing I believe that is quite remarkable is that he offers an interesting money back guarantee. Of course, there is no money back on any losing trades, but he does offer an unconditional money back guarantee. For whatever my opinion is worth, I do believe he would honor it. He has shown me nothing but honesty, reliability, aversion to risk, and a heart of compassion to attendees within the trading room.

Well thats it for today. Its nice to write about what I believe to be a good trader and a good person. Best of luck with your trading. And dont forget to leave your comments below.

 

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74 Comments on "Trading Mission Review"

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Christian
Guest
I was a member of the trading room for a month and had the same problem with the registered results that did not match with Carlos trades shown. Take profits were rarely what could be seen on his charts. He encourage you to take 10-12 ticks profits but when he lose his loses are usually 30 ticks and beyond. Another frustrating thing was his trades shown next day because were taken after the trading room (these are not recorded) closes the previous day, These are usually big runners taken especially after a losing day. Considering the amount he charges for… Read more »
KP
Guest
One thing I didn’t care for with tradingmission.com — is that the performance results that they post on their site are apparently an average of what everyone in the room achieved for each trade. Here is what Jimmy (from the site) wrote to me in an email ….. “Members then post their results in the chat window and we take an average of what they made and use that for the results so it’s as accurate as we can make it to what members are actually achieving.” Quite frankly – I am not very interested in what others do in… Read more »
Jimmy
Guest
Hi, it’s Jimmy here from TM. Let me clarify what is going on. When we first opened the room the idea was for clients to exactly copy Carlos and his exact trades would be what were listed on the results. This is what we always wanted. However we ran into a problem. There seems to be 2 types of trader in the room. Those who play conservative and those who like to stay in longer and take bigger risks. In the beginning Carlos always played it very conservatively and this meant he would be out of trades while some members… Read more »
Stuart Sugden
Guest
You may have caved in to members’ requests to record average results. This does not make sense to me. So now Carlos is “forced” to coach some members through trades he hasn’t recommended himself. If his best results come from being conservative then this is what he should stick to. Trading 2 or more ways on the same trade is tricky in a trading room and tricky to follow. So I am in the room, paying $297 a month and now I am spending some of the time watching Carlos coach people thru trades he hasn’t recommended? Is this the… Read more »
sam
Guest

Have you seen the updated review? https://www.tradingschools.org/trading-mission-update/
It’s all a sim sham. Anyone having read most of the reviews and comments at ts.org should have learned these vendors have not traded live for years if they can secure a monthly churn of subs out of members. In this case it’s 300/month.

Andrei
Guest

Jimmy, the solution is very simple. Just publish Carlos trade results (on his 2 contracts) in a separate table. We all see Carlos live trades on the chart trader, but there is no way to verify student’s results. You are assuming that everyone of them is telling the truth, i.e. nobody is bragging and nobody is shy to report a loss. Fat chance! I cancelled my subscription because your reporting made no sense to me. I presume that you lost some more subscribers for this reason. As I said just publish two tables and the problem gets solved.
Andrei

Jay
Guest
Hi, I’ve been told about this review yesterday from a trial member in the above mentioned trade room’s chat. I’m trading with Carlos live since January 15 this year and can 110% confirm what’s being said here. Carlos (and last but not least his co pilot Juan) are constantly managing to sail us members through the rough seas of Oil Futures trading (actually they don’t really trade the ES emini anymore). Do I sound like a marketer for the trade room? Quite possible, but that’s because I’m very grateful for having found a honest, real, true person sharing his trades… Read more »
Patrick
Guest
After viewing through the trading mission videos including a day of trading reviewed on their facebook page I saw the targets were different based on account size. if you have a small account -1 contract he would encourage you to take profits around 10-12 ticks and be done…larger of multiple contract accounts could take partials at 10 or so and hold for the posted target. so unless I missing his message you would have diffeernt profits or losses than posted results on results page based on your account size or trading style. anyone using them feel free to chime in… Read more »
kaly
Guest

Thanks Emmett. It’s hard to find good reviews. For some one new to futures (trading stocks, options), what would be the best trading room to start of trial.

Milt
Guest

Is there a trial period of a few days available for TradingMission? If so, how do I sign up for it?.
Thanks.

Cindy
Guest

Emmett,

Are your personal (and assistant) results based on one contract per trade or more? Thanks.

diego
Guest

hi , i would like to know how much money do i need to start with as a beginner using trading mission signals ,thank you .

Donna
Guest

I want to second many of the comments here and thank you for this website. I was days away from signing up with global futures for the george whatshisname, trade2live, emini scalping system when I read your review. Now, I’m wiser. Thank you.

Jimmy
Guest

You made a mistake on the opening time. It’s 08:30am EST.

Chis
Guest

Hi,
Can you tell me please what time frames does he trade and at what time he begin his 2 hours of trading ?

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