Rightline Trading -Update-

Thanks for reading today’s update for Rightline Trading.

On November 6th, 2015 I published a review of Rightline Trading. The original review can be found here. If you have read the review, then you might of noticed that I had spent a great deal of time talking about how honest the vendor seemed to be. And that the trading product was very close to being a recommended trading product. The only reason that I backed off giving the vendor a higher rating is because the vendor was not showing a trading DOM during the live trading room sessions. Normally, when a vendor does not show a trading DOM, or trade from the charts, then the vendor can pretty much expect to get a poor review. With this in mind, I sort of went out on a limb for the vendor, simply because he was so upfront in admitting that his trades could be difficult to replicate.

In addition, I had spent a good deal of time speaking with Dr. Mark Sachs, the founder of Rightline Trading over the telephone, about his product and how he can provide a better and more credible experience for the end user. At all times, he was very cordial, well spoken and thoughtful. He seemed very interested in providing the best possible service.

After speaking with Mark, he agreed that he would immediately begin showing a trading DOM on his screen, at all times. This is a very positive step forward and it gives the consumer a healthy layer of additional information in which is evaluate the trading product. As of November 16, 2015, Rightline Trading is now showing a live trading DOM inside of the trading room. I have to commend Mark for taking this step towards being completely transparent.

However, there are several issues that I failed to uncover and talk about during the original review. And these are not minor issues.

A Red Flag

When I write these reviews, part of the vetting process includes doing a deep search on the internet, looking for customer complaints or any negative information regarding the vendor. I felt that I had done a decent job in searching the internet for “Mark Sachs PhD”. Nothing negative came up. In fact, I even had Mark send me a photo of his degree. It turns out that I did a shitty job on vetting Mark Sachs.

Mark claims to have a PhD in Finance from the prestigious Wharton School of Business. I believed him. It turns out, this not true. He never graduated from Wharton, nor did he earn his PhD in Finance. Mark Sachs lied to me about this, and he lied to the trading community about this as well. As good as I believe that I am at uncovering fraud, there is a reader in the TradingSchools.Org community that is just as passionate about uncovering fraud and fakes. His name is Brain Woodrow and he lives in Tennessee. Brian has been kicked around and been taken advantage of by quite a few trading vendors and he is pissed off about it. He seems to share my own personal passion at researching and finding the truth about some of these hustlers. In fact, I offered him a job writing reviews, I hope he takes my offer of very little pay, and even less recognition.

Apparently, something didn’t pass Brian’s sniff test on my review, and he decided to do his own research. In turns out that Mark Sachs got busted for running a pill mill in South Florida. Brian dug up all sorts of sordid information on Mark Sachs. And none of it was nice reading.

Who in the heck is Mark Sachs?

With all of Brian’s detailed information in hand, it was time to call Mark Sachs on the telephone. Time to confront him. Time for the truth. On November 11, Mark answered the phone. I immediately began detailing the various press releases, the sordid articles, all of the ugly things that had been written. After a long, and very uncomfortable pause, Mark replied….”Ok, you got me”. So now lets talk about who Mark Sachs really is.

Mark Sachs did in fact graduate from the University of Pennsylvania. But it had nothing to do with earning a PhD in Finance from the Wharton School of Business. It turns out that Mark Sachs actually attended medical school at the University of Pennsylvania. In fact, Mark is not your average garden variety medical doctor, it turns out that Mark is actually a plastic surgeon. Which to me, is actually much more impressive than going to a business school.

After 17 years of medical school and intense training, Mark set up his own medical practice in the Miami area as a plastic surgeon. In fact, for 11 years Mark operated his own clinic offering nose drsjobs, liposuction, and various other forms of plastic surgery. The following are pictures of Mark performing liposuction with a laser and a picture of Mark with his staff.2015-11-17_13-00-34

At some point in 2011, it appears that Mark made the most ridiculous and incredibly stupid business decision that a person could possibly make. He decided to go into pain management. Mark set up an office that basically issued pain killers to anyone that was willing to pay a fee, usually $250-$400 per person. A person would came into Mark’s office complaining of pain, and Mark wrote a prescription for an opiate. The scheme was so preposterously stupid and ill conceived that I am simply dumbfounded that a respected plastic surgeon would stoop into such a ridiculous scheme. Lets call it what it is…Mark was simply acting as a drug dealer.

I find it so very odd, weird, and morbidly entertaining in watching extremely smart people, with so much to lose…do something so incredibly stupid. Can you imaging spending 17 years to learn to become a surgeon, and then throw it all away on some get rich quick scheme to issue prescriptions to a bunch of drug addicts? Its just nutty. And I am the first to absolutely throw Mark under the bus for making such an idiotic and stupid decision.

In speaking with Mark, he is still in a bit of denial about the whole thing. In our telephone conversation, he attempted to push the blame onto what he describes as rogue medical technician that had stolen his prescription pad and had gone willy nilly all over south Florida. This maybe true, however once a person reads the official complaint from the State Surgeon General of Florida…Marks story that he was actually the victim in this scheme is complete nonsense. In fact, I called the office that prosecuted the case against Mark and they simply laughed at the ridiculous notion that Mark was the victim in this scheme.

If you are curious and want to read about all of the sordid details on a how a talented medical doctor screwed up his life, then you should read the complaint filed by the State of Florida.

HGPYBE4E490F87610580510072011

If you read this document, its pretty damning stuff. I am still trying to wrap my head around the descriptions that investigators provided regarding the people that showed up at Mark’s office looking to get their fix. Literally, dozens of people waiting in Mark’s office. Sometimes over capacity and overflowing into the common areas of the commercial space that was shared with other businesses. Some detailing “shady characters roaming the hallways”. All waiting to get their script.

As I visualize this in my head, I have a difficult time wrapping my head around how a thoughtful, smart plastic surgeon could possibly get himself into such a wacky scheme! He spent 17 years learning to be a surgeon, another 11 years building what appeared to be a successful medical practice…and then he abandoned it all for the lure of the quick buck. A clinic that enabled drug addicts. Mark is probably going to read this and be horrified at my description. Surely, its going to be painful. But its the cold hard truth. And it ugly for sure.

At the end of this massive blunder by Mark, what was he left with? The State of Florida revoked his medical license and confiscated nearly $700k in cash. His life savings. Overnight, he went from being a respected plastic surgeon in the community to being without a source of income and having his life savings snatched from him. In addition, his name was dragged all through the local press and local television. A reputation completely destroyed.

Mark Sachs: after the shit storm

After Mark lost his license to practice medicine, he was left with a few options. He could pack up and practice medicine in either Pennsylvania or New York. However, in speaking with Mark, he was very candid and explained that he was close to qualifying for social security and simply does not have the energy or the drive to start all over again, from scratch, and with the lingering issues regarding his credibility.

Mark and I also talked about some other personal issues regarding having to deal with our past mistakes. For me, I prefer to be open and honest with people about my incredibly stupid past, felony convictions, time spent in prison, etc. Mark talked about how difficult it is to move forward after making such big mistakes, how this has caused his immediate family shame and embarrassment. How people can be cruel and unforgiving. I get it.

Mark Sachs: the trader

Ok, so now that we have dug up all of Mark’s skeletons and laid them out neatly, for all to see, lets now talk about Mark the trader. In spite of Mark’s massive fuck up, does he have any right to address the trading community? Does he have anything positive to offer? How did he get involved in trading?

In speaking with Mark, he originally caught the trading bug back in 2003. For the first couple of years, he was just like you and me. Wasted money on courses, charlatans, seminars, magic software that was supposed to be able to predict the future, purchased hundreds of books on technical analysis and trading, etc. And just like you and I, he lost money. Lots and lots of money. Mark becomes quite animated and colorful when speaking about his early failures.

In about 2010, Mark feels like he really started to turn the corner in his trading. He became completely obsessed with trading. It was at about this time that he began to drift away from being a plastic surgeon and wanted to become a full time trader. He describes this time as simply losing his intellectual curiosity regarding medicine and ready to do something different with his life. As a person looks at Mark from a broader perspective, it appears that Mark was tired of sucking fat out of wealthy housewives, wanted to make some fast cash and trade full time. The only problem is that his plan of getting out of the medical profession was pure wack-a-doodle. He is lucky that he didn’t end up in state prison. I know prison, guys like Mark Sachs do not last very long in state prison. Not a nice place for a mild manner medical doctor.

Wrapping Things Up

Ok, so now we know all there is to know about Mark Sachs. Like a pinata, we have beaten the hell out of this guy. A former plastic surgeon that likes to trade. And if you attend his live day trading room, you will hear what I heard…the voice of a caring medical doctor. And Mark really is a caring guy. Sure, he made a really stupid mistake and as a result, he lost everything. Now, he just wants to trade and teach trading. Tired of being a doctor. But he needs to stop trying to hide is past, accept it and move forward.

Mark has asked me, “Is it possible for people to judge me for my trading and not look at the stupid mistake that I made?”. My response is simple. Treat people with compassion and offer a product that you can prove actually works, in real time. You will be surprised at what people are willing to look past. Just be honest with folks, put a live DOM on the screen, show your trades. Document all of your trades, be honest about it. Let your trading record speak for you. If you can trade, then folks will buy your product.

Well that’t it for today. I apologize to the community for not rooting out Mark’s “pill mill” past. Definitely should of caught that. But a big thanks to Brian Woodrow for putting in the hard work and uncovering Mark’s true identity.

Going forward, if a person is still considering purchasing Rightline Trading products, I would definitely do the following:

  1. As of Monday, November 16, Mark is now showing a trading DOM. Do yourself a favor and only use the performance data from November 16 forward. Simply disregard the reported trading results prior to November 16, 2015. What you are interested in seeing is whether Mark can trade with a live DOM present on the screen. I would personally want to see 30 days of trading with a DOM.
  2. I would also recommend that you speak with Mark in person over the telephone. Be very candid and explain that you are very suspicious after discovering the pain clinic fiasco.

Well that’s it for now. Thanks for reading and don’t forget to leave your comments below.

 

 

 

 

Leave a Reply

89 Comments on "Rightline Trading -Update-"

Notify of
avatar
Photo and Image Files
 
 
 
Audio and Video Files
 
 
 
Other File Types
 
 
 
Sort by:   newest | oldest | most voted
Tamiaya
Guest
The shady Dr. Mark is up to his old bag of crooked tricks. Maybe he can be Hillary’s VP. March was a brutal month for Rightline posting a losing month. Then again in April more catastrophe. On April 19, a massive losing day, resulted in Rightline to once again stop posting daily results, Also from April 19 to the end of the month was predominantly filled with losing days resulting in another large loss for the month of April. It may be a while for Rightline to post the losing results for April. Come on Mark, it is better to… Read more »
Todd
Guest
In keeping with the theme as you predicted Tamiaya, Mark stopped posting when the sh-t hit the fan in April and then ended up just putting an April results general post as if we are just to trust that. As long as he has a few winning days, he posts results, when the sh-t hits the fan, he stops posting until the end of the month and then posts a monthly total showing a winning month. The audacity of this guy. I finally got off his mailing list because it was so disgusting, but he was pushing so many ‘training’… Read more »
Tamiaya
Guest
Todd is absolutely correct. Rightline showing profit for April is complete bullshit. I showed them losing $1940 for the month of April, but you know how they roll …. don’t post for weeks, and then magically post bogus positve returns on a PDF form. Rightline used to keep a running daily tab of the trade performance, but if all you ever see is a losing tally, it’s no wonder they no longer show that. Everything about Rightline now is not transparent and they are just a carnival act now, a dishonest one at that. Rightline now hammers out mass marketing… Read more »
sam
Guest
Sach seems to be a career fraudster. He has nowhere left to turn to even after incarceration and conviction and ruined patient procedures. He and Ross of WT and the like will just keep the monthly churn rate of duped newbies no matter how much they are supposed here. Kind of like a getaway car bumping every obstacle off as collateral damage. Sachs should be on “American Greed”. There was an episode of a young bad egg doctor who drilled holes in patients for useless costly procedures and neglecting to report or treat cancer of a dying patient and instead… Read more »
sam
Guest

I mistakenly thought Sachs went to prison. Yes, he’s lucky he didn’t have to go. I guess the 700k in restitution paid helped.

Tamiaya
Guest
Rightline had another losing month. May was not good for Rightline, and was so bad that they stopped posting results after the 6th of May. This is of course their MO … don’t post those huge losses so newbies cannot see them, and then magically a month later post a monthly summary showing a profit on their own PDF spreadsheet. Gimme a break. What does it take to get scam trade rooms like Rightline shut down? This is disgusting to witness month after month. If you are contemplating acquiring a product or service, do not be taken in by a… Read more »
Rob B
Guest

Why rob banks and risk going to jail, when apparently you scam people out of money by running a day trading room and no one cares? As long as their is no regulations and people are willing to hand over their money to these con artist that show no real proof they can trade profitable, they will continue on.

sam
Guest
Have you guys also read the new about blurb? “He did his thesis on the optimization of multi-variable equations utilizing computer generated search algorithms. …Once the independent variables linked to price movement have been elucidated they can optimized utilizing mathematical modeling. The modeling is applied to each independent variable, one at a time. The optimization process is never ending as market conditions are always changing. This is why Right Line Trading’s system generated entry signals always remain robust and always have extraordinary predictive power. ” LOLOL… now he’s no longer a Wharton business PhD. Can’t talk about his mutilating plastic… Read more »
sam
Guest
What a load of science fiction. In the first review remember what Emmett quoted him about the “basis” for his trading strategies. “he attempts to explain that the basis of his trading was formed over 30 years ago, For my thesis I helped develop, along with the US Navy “AESOP”, Automated Engineering and Scientific Optimization Program. Thirty years ago it was a breakthrough, back in the day when the University of Pennsylvania had the only computer in the United States and it was programmed via the use of punch cards. The mathematical principals of AESOP are what drive our trading… Read more »
Rob B
Guest
Ah! The Holly Grail Indicator. First there were simple things like Moving Averages, but you always need something new and shiny to sell to people so comes along Stochastic and Oscillators and then Trading Rooms telling you need to wait for divergence of Stochastic or MACD or whatever. But there must always be something new to sell so come forth market profile and foot prints and so on and so on. I wish I could write a post that people want to hear and not get me hate mail. But I say all the indicators are complete nonsense. And guess… Read more »
Osikani
Guest

There is a Holy Grail. It is just not an indicator.

sam
Guest
Yes, right on about the evolvement of the grail “fads”. A lot of the fads flowed through bmt like a “vascular” system. Divergences of the simple traditional indicators. Snake oilers like “dr.” BarryBurns tried to relabel and repackage them as “energies” or some other nonsense. Then there was market profile, orderflow, volume profile, vwap , tape and the respective vendors etc. It wasn’t enough to have one orderflow product out there for NT. There are a whole bunch of them claiming their particular tape reading tool is “different”. One thing all these indicators have in common is that they are… Read more »
Goagal
Guest

So what is being a successful trader about? Come on, don’t leave us hanging here. 🙂

Tamiaya F
Guest
Mark Sachs, you are so full of shit. You know damn well February of this year you had your ass handed to you. You took a big loss is February on your discretionary trading. February’s loss took away all of January’s gains, and then more on top of it. Then you decide in April to post February as a profitable month as if no one would notice, hiding the individual losing days. You are whats wrong with this industry. Lies, scams, and deception. Of course you did that in your medical profession also. You fool no one.
Tamiaya
Guest
Rightline is upside down on performance again for May. No trade results posted of their own PDF detail in the last 2 weeks. They don’t want new viewers to see the big losses in May. This makes the 3rd consecutive month of losing. Their $6000 dashboard gives you a visual display ahead of time of losing trades to follow. If you are new to this site, don’t be scammed by spreadsheet manipulation. Stay away from the Rightline dog and pony show. The only one making money with Rightline is Mark, the owner. All others have blown accounts or in drawdown.… Read more »
Tamiaya
Guest
Rightline finally posted the results for May. They did post a loss, but it is only about half of the actual loss for May. Also if you subscribe to their trading room, the year to date cost of the room is greater than any profits for the year. So Rightline hits you twice over the head by charging you a monthly fee to lose money and your account. Now rightline is promoting another vendor’s software as about everyone has given up on the failed Rightline software and losing trade room. Time to reboot to change the company name to protect… Read more »
sam
Guest
Thanks Taimaya for the updates on the major changes and recent shenanigans as Sachs tries to fraudulently hide the lousy results of his probably sim trading room and algos in attempting to keep up his monthly churn rate of duping new customers. It’s amazing unless they totally missed this review and commentary, that new subscribers would knowingly join up considering the guy tried to pass over a fake phd diploma over Emmett initially, then background details were found about his plastic surgery and pill pushing malpractice. And his current claim of using “multi-variable” mathematical analysis in RL’s strategies when it’s… Read more »
sam
Guest
I just remembered the bit in this review about Sachs saying he was close to getting social security. Well, I doubt it would end there. He would still be doing his scam room and site on the side to keep up the monthly churn rate. Look at this example of this vendor who said he was a retired md. He only shows the “best” trade of the day in his recap after the fact reviews like the combo of his “triangle” indicators make any sense or edge. Pure snake oil. http://www.ninjaindicators4u.com/ I think these “veterans” like Woodie will just keep… Read more »
Tamiaya
Guest
Mark Sachs – o – shit did it again this month. Half way through June he had 2 massive losing days that put him down $2890 for the month, and then as in previous months, he no longer posts the daily results. He did fight back to end up with an actual monthly profit of a $965. But like clockwork, his phony PDF magically shows a profit of $3235 for the month of June. None the less, even using his own bogus PDF, he then has averaged a monthly profit of $900 for the year, and that is with 4… Read more »
ABBA
Guest

So glad you are keeping track, as I cannot be in the room every day. I’ve been in the RL Trading room for quite a while, and it really seemed to me that they usually made money in the beginning, but in the last few months things have gone to heck. I wish I knew what changed! Does anybody have any ideas?

Tamiaya
Guest

Another day for the Rightline record books …. by 10:15 eastern time, March Sachs was down $2780. I watch for 2 hours him trying to trade the end of moves and counter-trend trade and watched him get run over. One thing you can be sure of …. you will not see July 06 results posted on their website. In fact after today, you will now not see daily postings for the remainder of the month, and then you can look forward to seeing the magic of PDF summary manipulation at months end.

christian
Guest

Mark has published its results for the month of November I signed up to his room for the month of February and I recorded every day in video and the results he has published are completely false.

Tamiaya
Guest
To follow up with my previous comment about Right Line no longer updating their discretionary trade results since Feb 24 due to their massive trade losses, let me contrast that with their Algo trade system. Yesterday, it had a winning trade, and as sure as I am typing on this keyboard, Right Line couldn’t wait to post that winning trade under the Algo trade system results. In fact it was posted the same day so it could be shown in a marketing campaign that was later in the day. But keep this in mind, after 3 months of their Algo… Read more »
sam
Guest

Thanks for the update Tamiaya. Good show of evidence that these scammers often plug in winners months later like no one would notice lol. Another one was tripletrend.com

Tamiaya
Guest
It is not my goal to single out the Rightline scam room, I mean trade room, but shit has to be called out. I received an email from Mark Sachs telling me how Brexit is creating wealth and how great they are for making $700 on Friday and $500 on Monday. And that their goal is $2500 a week. Hey Mark Sachs, why not make it a goal of $1,000,000 a week, because it is all bullshit anyway. Mark, funny how you don’t mention the almost $4,000 you lost on June 15 and 23, and how year to date, with… Read more »
Rob B
Guest

Man if we could just get one regulator like you, all these rooms would be closed. There are all a joke preying on the desperate and gullible.

Todd
Guest
As you said in an earlier post, he was pushing his latest software for discretionary trading and how powerful and non guessing it is etc… HUGE push… that was two weeks ago.. at exactly the same time, he stopped posting results on his… discretionary trading… The guy has absolutely NO SHAME… NONE Remember the incredible ALGO trader?? the BIG PUSH on that… God knows how many copies he sold, but after that push… Poof… No more results posted online… NONE… I wonder why? I mean… THAT algo trader was the answer to everything until he actually SOLD a number of… Read more »
Tamiaya
Guest

He posts trade until the typical monthly trade meltdown in the thousands as he revenge trades. Then there is no more posting the daily results. You will then only see a monthly total posted with the Magic of the manipulated or fraudulent PDF.

sam
Guest
This review still sticks out to me. Dr. Sachs is very lucky not to have ended up in prison. There was a case of a young md who drilled extraneous holes in people’s skulls who got it far worse on “American Greed”. The parts of the review about “people being unforgiving and cruel” and “Wasted money on courses, charlatans, seminars, magic software that was supposed to be able to predict the future, purchased hundreds of books on technical analysis and trading, etc. And just like you and I, he lost money. Lots and lots of money. ” continue to stick… Read more »
Rob B
Guest
“truths of trading hardly ever discussed on any other forum” Man you hit the nail right on the mark! I can not stress how what you stated speaks volumes about this industry. This entire industry is nothing but swindlers and no one ask for proof. I could talk about lying Dean Handley or the TR con artist, but I will give you a another perfect example of a site people trust. Big Mike or whatever he calls it now. I am still a member and go there to check things out every once in awhile. And now he is doing… Read more »
Osikani
Guest

“This is like the Hillary private server in the bathroom of trading.”

I love it!

Barry K.
Guest
Hi Emmitt, Frankly, I’m disappointed in your follow-up. First, you didn’t adjust your rating and now there is none and I find your report almost flattering of Mark. Second, you failed to mention all the things that Mark has done as a very DISHONEST vendor. I’m not going to relist them again, but the real problem with Mark is he is deceitful and dishonest about his trading and his life. Had the members of this community not alerted you to all the facts, who still be in the dark about this slimeball. How anyone would give this guy a free… Read more »
ABBA
Guest
Okay, I’ve calmed down now. I will agree that Mark is being honest with his trade results, despite the 3-tick target ES situation, and he is working on a solution or at least a work-around for that problem. And, okay, most of us probably need a second chance here and there in life. He is now showing the Right Line version of the trading DOM, along with showing the trades using Ninja’s chart trader, so that is a big improvement. He reviews each trade every day and explains his rationale for entering each one. As far as not showing others’… Read more »
IRS Reporter
Guest
IRS Reporter

Looks like Dr. Sachs hoodwinked you again. He might have been performing some liposuction but he was lying to his patients as he had no formal training or certification in plastic surgery.

A cursory internet search shows numerous patients disfigured by Dr. Sachs e.g. http://www.vitals.com/doctors/Dr_Mark_Sachs/reviews
http://www.realself.com/review/Smart-Lipo-Unsatisfied-Patient

A scammer who purports to be a well trained surgeon https://www.blogger.com/profile/09944334712106710310 and maims others to enrich his own pockets is the lowest scum you can find.

You would be advised to stay away from his trading site. He is a chronic liar.

ABBA
Guest

Wow, looks like RL posted results for July 1 to 8 after all. They don’t agree with Kramnor and Tamiaya’s results, though. Very strange.

Kramnor
Guest
He has 11 trades for July 6 which is untrue. He came back to trade in the afternoon. His total trades were 20. I wrote down each trade. So $16 per trade for 4 contracts in fees times 20 equals $320 total fees. Using my pic as proof, -$1847.50 plus $320 in fees gives a total loss of $2167.50. Importantly, when I followed the ES trades, I was not getting filled when he did. He uses SIM and it must be MIT-market if touched because even when I used SIM I did not get filled but I saw his fill… Read more »
Tamiaya
Guest

Abba or is it Mark Sachs … my post said at 10:15am eastern he was down $2780. That was on July 6. Before trying to call me out, please do not misquote me. That is very strange to me.

ABBA
Guest
I wasn’t calling anybody out. I wasn’t quoting anyone. I wasn’t even disagreeing with anyone. In fact, I was AGREEING with you. My point was that Mark’s opinion of his trading results were suspiciously better looking than what other people saw. That’s what I meant by ‘very strange’. I thought that it was strange that the guy running the room sees things much more positively than other people in the room. When I said the posted results didn’t agree with Kramnor and Tamiaya’s results, I DID NOT MEAN that the posted results were CORRECT! Emmett, please tell Tamiaya that I… Read more »
Tamiaya
Guest

No problem ABBA. Thank you for clarifying.

Brian Woodrow
Guest
Brian Woodrow
Great follow-up article. We have all done things in the past that we regret. While we prefer not to talk about them, it is best not to try to hide them. I have learned that if you do things that shady people do, even with the best of intentions, people will judge your intentions. So don’t do things that shady people do. Shady people claim to have impressive collegiate degrees that are worthless in the markets. Hustler hawk magical indicators that purport to see into the future. And scam artists who can’t trade proclaim great trading results from trades called… Read more »
Saten
Guest

Wow…nice work team and wow people will go to this length…
Emmett and so agree with you as you are so true…
Mark has asked me, “Is it possible for people to judge me for my trading and not look at the stupid mistake that I made?”. My response is simple. Treat people with compassion and offer a product that you can prove actually works, in real time. You will be surprised at what people are willing to look past.

Now if you can investigate The School of Trade run by Joseph James will be fantastic..
http://www.schooloftrade.com

Sam
Guest
It sounds almost tragic. At one point many of these vendors lost money to the markets to other scams in the past. Weren’t there conventions and such besides the boiler rooms in the 80’s and 90’s selling the latest newsletters and trading products? Dr. Marks isn’t the only former doctor turned trading vendor close to their retirement years. Everyone probably knows about Al Brooks. I would say he has good learning material however in his room he was asked and refused to ever show or announce entries until after the fact much less a trading dom. This guy said he… Read more »
Ben
Guest

Good update, and good publicity for Mark!

ABBA
Guest
So, will future webinars by Dr. Sachs mention that he is a convict? Or will he continue to only show that he is a Ph.D ? Since he presented his “credentials” of being a Ph.D in finance, which, by the way, encouraged many of us to sign up for his system, will he now be willing to refund all fees and subscriptions because we were mis-led ? In my opinion, I bought his system based on his statements that he was what he SAID he was, and therefore the agreement was not valid. I feel that the point is not… Read more »
BP
Guest
Interesting, I was just watching a video by the good Dr. that he posted on his Youtube page on Jan. 5 of this year. At the 6 minute mark, he says Dean Handley (who we know to be a scammer and name rooms ‘trade titans’ that absolutely don’t qualify according to his own rules) is the only person he knows of that is trying to ‘bring order to the industry’. So he names a known scammer as being the only person, when he himself has been reviewed by Emmett. Did he forget that Emmett is actually probably doing more than… Read more »
sam
Guest
Are there any current or former members of right side training able to confirm his DOM trading is live and true to the current results? (as we all should know, the DOM can be made cosmetically to look like live). There are new trading results listed on the site. http://www.rightlinetrading.com/performance/ The disclaimer blurb is slightly different from the usual: “Any and all information contained in the Right Line Trading website is compiled for the convenience and use of the sites visitors and subscribers. It is provided without responsibility for its accuracy. Any site visitor or subscriber having access to information… Read more »
robert
Guest
i took a trial day today. dom was on the screen every second. every trade clearly called in advance and no one could miss entries- in fact on almost every entry a follower would have got a better entry than the room results: he was down $760 around 10:30 am: OOPS!. but kept at it and finished the day up $30 – nicely done. I only took one trade that was called- a winner which I got out of too soon (he stayed in for a big profit which save the day. Most clear calls I have ever seen in… Read more »
robert
Guest

today by 9:30 he was 450$ in the hole. But turned it around and ended up $175 postive.It seems the room sticks solely with trend trades at the moment looking for breakouts in the direction of the trend. Not a bad strategy but it does mean that timing is critical. some trades go the wrong way for enough ticks to get stopped and then promptly go in the right direction: Ouch.

Tamiaya
Guest
Right Line is no longer posting results after February 24. The reason is because on February 25, they had their worst trading day in history. I was witness to it. It was so bad, they just stopped posting their results since then, conveniently of course never posting the results of that catastrophic day. But it’s even gotten more horrendous since that record setting day, as Right Line has been on a incredible losing streak in the days following. That is why you will probably never see any trading results updates ever posted again on the website. I remember in the… Read more »
sam
Guest
Thanks for info Tamiaya. I assume the results were so bad after the 25th that it wiped out weeks or months of previous supposed gains? I was with Warrior Trading, and they had fudged results on spreadsheet format showing supposed steady consistent gains mixed with smaller losses.. About four months ago, they stopped showing it with their excuse being “compliance”. Not coincidentally, it was about the time of Emmett’s review. I think too many former members complained about the fudged results as most every day is losing overall or break-even at best which wipes out any few lucky days they’ve… Read more »
ABBA
Guest
I agree with Tamiaya, the bad results that Right Line has experienced recently have not been posted since February 24th, 2016. My theory is that once a system has been shown to be successful, as I think Right Line’s has, other traders, perhaps even the ‘Big Boys’ will realize this, and trade in such a way as to circumvent the successful system. For example, if a Right Line BUY set-up appears, the ‘Big Boys’ will then throw in enough SELL trades to cause the Right Line set-up to fail. Even though the ‘Big Boys’ will possibly lose a few trades… Read more »
Rob B
Member

This has to be a joke. Yes I think there are Goldman Sachs traders whose sole job it is to monitor insignificant trading rooms, who are trading in sim, and taking what ever loses are required to make sure those sim trades do not work out. Truly brilliant insight.

ABBA
Guest

Rob B, you have a point. As I said, it was just a theory. But I’m basing my comments on what I’ve seen happen with other systems as well.
Along this line, I think it is okay for those of us posting to disagree, and to present various thoughts, without having to ridicule each other, speak sarcastically to each other, and insult each other.
Maybe we’ve all been watching the ‘Presidential’ debates too much.
‘leightweight’ vs. ‘lightweight’, and ‘what ever loses are required’ vs. ‘whatever losses are required’.
Truly brilliant grammar.

Rob B
Member
Well you are right about my grammar. No doubt about that. This is what a public education in U.S. does for you. Plus I am engineer and can not spell. Maybe I have been watching too much Trump. To me it was clear Rightline is trading Sim and you gave him credit for trading live, so I guess that is why I found the theory funny. I apologize, which is rarer than Trump Apologizing. But honestly what you describe happens everywhere when you invest with one of these trading rooms, not just with this one. Until people realize 99.9% of… Read more »
Stray Dog
Guest

I was going to make the same comment as Rob B, but is a nicer way. There’s no way in the world that “the big boys” give a second thought to individual traders using a system in a trading room. Just as stop hunting is complete fiction. GS and the like don’t care about taking out tiny, insignificant positions. Systems stop working when market conditions change or the operators luck runs out.

Rob B
Member

And if I may add, when the profitable system was a fantasy and never real in the 1st place.

sam
Guest
Well said. Collective2, fxbook, zulutrade, etc. signal services always have a leader of the month which falls flat fast then folks comment on their boards, what the heck happened to the system, where is the system owner? etc. Often on those forex scam signal services, a good performance is used just to get their kickback deals from the site for every member who signs on to their system. I remember a member on Big Mike’s who said he lost 50k on zulutrade. Retailers who are starting to wake up probably had these suspicions in the back of their mind, but… Read more »
Rob B
Member

Excellent post,

I just posted in another thread maybe Emmett should open up a thread on all the tricks the trading room, trading educator and even the self-proclaimed 3rd party evaluators use to scam people.

BTW, I should hire you as my ghost writer.

David Adams
Guest

“Big boys” have absolutely no need to follow anyone; they are the ones moving market. Rest assured they are not calling a non-institutionally educated teacher of questionable background for trading tips. Ugh…I shudder at the hilarity of that thought. But if you want to believe it, that’s up to you, but there never has been or will be any interaction between the good doctor and Wall Street.

Todd
Guest
I agree. Good job Tamiaya F. Sometimes, Some of these threads die out a bit, and the vendor, like in this case RLT, stopped posting results in late February when he started to crash and burn. That is a HUGE red flag obviously, but he counts on people like you, who were tracking him a bit, to walk away and ignore him, and many weeks later, he then puts up BS results in the hopes he will get away with it and no one will notice. But you did, and I am sure he is not happy about it, but… Read more »
robert
Guest

thanks tamiya
i had been checking the perfomance oage also, after your post about the huge feb losses to see whether it would be updated. it wasnt: until now

Tamiaya
Guest

fdfdfdfdfdffdf

sam
Guest

Here is the proof where Sachs tried to pass off a member’s contributed indicator on bmt before he got caught.
https://futures.io/vendors-product-reviews/34956-best-ninjatrader-trader-paid-indicator.html#post479045

To be completist on the review, the indicators are priced at the following.
RLT-Order Flow Indicator $299
RLT-Market Profile $299
RLT-Bias $399
RLTQuantAnalysis Indicator $699

Tamiaya
Guest
Here we go again. From June 1 to June 14, Rightline was posting their daily results because they were proud of their 14 day achievement. Then once again, like every month, the super losses occurred again. On the 15th, the loss equaled all the gains for the entire month. So the daily posting stopped. You won’t see any more daily postings for the month of June You will have to wait until July when Rightline will magically post a winning PDF spreadsheet for a losing month. This act is really played out and I cannot imagine anyone being stupid enough… Read more »
Rob B
Guest

I would say change your name to Stray Dog, but being that is taken I think Junk Yard Dog. Emmett should just let you take over this thread, you are on them like white on rice.

Kramnor
Guest

On July 7 there was a $1847 loss not counting fees. I tried uploading a pic and it didn’t work. Let’s see if he posts this on his performance report or waits until the end of the month to just post the monthly profit/loss.

Kramnor
Guest

Here is the pic

Image-1.jpg
dtchurn
Guest

Looks like the “nice” former plastic doc with the fake wharton diploma has also become a WT, Adams-like refundscammer.
http://www.elitetrader.com/et/threads/be-careful-doing-business-with-right-line-trading-company.306550/

Todd
Guest
I know you posted a link but I thought I would cut and paste what the original post said just so it gets more exposure… The guy is such a slimebag Be very careful doing business with Right Line Trading, RLT owned by Mark Sachs. They gave the following guarantee which is from their ad copy; “To demonstrate our confidence in the system we are now offering the WEBINAR SPECIAL PACKAGE with a two week, no questions asked, money back guarantee” “We take all the risk and we are 100% confident that you will take all the profit.” I only… Read more »
Mark
Guest
Hello, Thank you for posting my comments from elite trader above. I didn’t know this site existed as I would had done it here. Also if I had known this site existed I wouldn’t have had anything to do with Right Line Trading. I have found Mark Sachs to be a man totally devoid of honesty. Yesterday I received an email with this quote from Mark Sachs. “I am making you a special project of this company. After you lose the law suit I am going to garnish your wages, your car and your furniture. I will teach you that… Read more »
dtchurn
Guest

wow, in the review Emmett says a guy like Sach wouldn’t last long in jail, but he sounds like a ruthless litigation threatening punk here with no shame of his pill pushing or unlicensed plastic.
That’s one of these rationalizations these scammers always do, that conning with a shamshow is a “legitimate business”.

Todd
Guest
It keeps getting better Sam. Today, I got an email where he wants $5000 for the ‘dashboard” and “algo trader” and includes lifetime membership to the trade room, the same one he hasn’t posted ANY results for the algo trader, which he stopped posting results for 3 weeks ago, when he first started selling it… Results were posting consistently, UNTIL he made his first sales of the algo trader and then POOF, no more posting. Gee… I wonder why? He also seems to be laxing on posting discretionary results again in the last week. Results lacking but heavy promotions on… Read more »
sam
Guest

Calling members “irresponsible” not to invest in the product? As if $3999 for the indicator suite wasn’t enough? This guy should be featured on “American Greed” if he hasn’t been so already!

wpDiscuz