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.

 

 

 

 

0 0 vote
Article Rating
Subscribe
Notify of
guest

This site uses Akismet to reduce spam. Learn how your comment data is processed.

101 Comments
Newest
Oldest Most Voted
Inline Feedbacks
View all comments
yd
yd
14 days ago

Mark was not educated or trained as a surgeon. He was an infectious disease doctor. The laser machine companies trained him to do liposuction. Mark did go to prison for almost a year. For incident surrounding his lies and insteps if hiding docs and was found in contempt by the judge involving his divorce and child support with his second wife who was a victim of his as well.

Steve
Steve
1 year ago

Mark is a POS and if you’ve lost money, you should definitely reach out to your credit card company. Years ago I did and got my money back. I uncovered more than just the pill mill and him lying about his degree. Someone should report this guy to the CFTC which you can do online. He’s out there continuously defrauding people and he should be stopped. He’s basically stealing people’s money. My issue was 5 years ago and was hoping this POS was put out of business but I guess the combination of him being a good marketer and people being too trusting keeps him in business. Like to think he’ll get his one day, but we’ll have to wait and see.

Aspen
Aspen
2 years ago

Hello
I am the latest victim of his “PUFFERY ADVERTISEMENT”. I sat in his room from Jan 2nd 2018 to Jan 11th,2018. He would loose well over 1,000 in several trades and his daily PnL was always negative yet he still advertises by showing few trades that had winnings of over $600. What he does not reveal is that he has big losses too. As for his automated trading system it was a disaster. Had 1 trade that his tech person said was not triggered by RLT system and the other had a complete price discrepancy. Again his tech was not able to explain why it was so. Then there was trade in Gold which too had a big looser. I was not at all happy with the performance and the lack of system integrity that I refused to login or sit in his room and asked for full refund.
He holds that I signed a NON-REFUND policy and my Visa credit card company now wants a THIRD PARTY assessment.
Can someone help me please on how to deal with this situation.
I already paid US$1,899 and I am not using the product nor the services.
Thanks to all who are writing the reviews about RLT. Wish I knew this before putting my money to his product and services.

Skyla
Skyla
2 years ago

I find this all quite hilarious! Seriously though, I suppose everyone is entitled to one serious mistake in our lives. Thanks Emmett once again.

Jeremy
2 years ago

Who are you? Please pay attention of what you’d just said: “I know prison, guys like Mark Sachs do not last very long in state prison.” You’d just confirmed that you know prison, so I imagine that you were arrested!

Shame on you!!!

Connie Weismen
Connie Weismen
2 years ago
Reply to  Emmett Moore

Emmett. Yes People do make mistakes. I’m one of them. But you are giving an animal like Mark Sachs the benefit if the doubt. You need to look further into the court records. He went to jail for a year for contempt and fraud which was BEFORE the pill mill situation. He screwed his second wife out of tons of money and alimony. He defrauded patients and staff . He defaulted on leases and loans. After he got out of jail-THEN he did the pill mill thing. He needed money. He is a predator. groping women, using women, defrauding women. Karina was his girfrirnd and she was wiped out financially. I saw daily her pain at work. His kids are messed up. While in jail he bloomed as a sick homosexual and impersonated women at times on line. His jail buddy died under suspicious circumstances. This was all before right line trading got rolling – he works all night and sleeps thru the mornings. His poor patients would wait for him for hours while he slept. He’s a sick bastard. He was never ever a surgeon. He was an infectious disease doctor who accidentally became a surgeon and weight loss guy. such a scammer.

You talked to him? That makes me feel dirty just thinking about it. His lady friends are vast and such victims themselves. Poor Karina- i’m sure she wasn’t the last victim. He ruined so many people. I know his one son moved far away and became a lawyer. Probably out of necessity to keep dad free . His daughter is a serious head case. there was another small child but didn’t know much about him. Very sad. If you believe his bull shit about being sick of medicine—- it was the other way around. Before the plastic surgeon thing. he lost his medicare billing abilities. No hospital would accept him. If you are using his trading? beware. he is a guy in a basement with no staff, means or office. just a few computers and a printer and his porn ! sick!

kathy mills
kathy mills
3 years ago

Good research. But you missed a whole bunch of facts. Mark was a trained DR in infectious disease. Not a surgeon. Not one class or any time in surgery.

In Fla you can call yourself a plastic surgeon when you use lasers. He had no experience in surgery or any training other than a demonstration from a sales person who sold him the laser. He did go to JAIL!!!!!!! For contempt of court and fraud resulted to his divorce. He swindled tons of money from women whom he promised to marry but is actually GAY! He portrays himself online as a woman to meet men. he’s sick. very sick and dangerous. His cell mate and buddy in jail got out and “worked” for him. Unfortunately he died under strange circumstances. Per his police files.

His two ex wives are very nice. He has 3 kids. a normal older son who is an atty in new jersey and a wracked daughter who is exactly like him. he has a 17 year old from the second marriage who seems sweet but us messed up by mark going to jail.

Yes he had a pill mill. the worst ever. bringing people in from jacksonville for anything.

He swindled women out of $$ in his laser practice. They found out he was in jail. They never got refunds.

very sick stuff. plus he damaged women physically because he was not a board certified plastic surgeon. he was board certified in infectious disease. do better research and read the files at the state medical board.

he’s a real piece of work.

oh and the atty he uses- was addicted to pills that he wrote for him and in exchange this guy gave him tons of free legal services.

JamesBrown
JamesBrown
3 years ago

What. An. Idiot. Here in California the Armenian Mafia-types ran the pill mills and hired doctors who were already retired to run the clinics. They got paid loads of cash every single day and then, when they got their license revoked, they didn’t give a shit because they were already retired.

dtchurn
dtchurn
3 years ago

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
Todd
3 years ago
Reply to  dtchurn

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 signed up because of the guarantee. If their trading software worked, great. If not I got my money back. The cost of their software was $1699. Their technician set it up on my computer and their server sends the trades to automatically run on my computer. The software is called Transition Zone and it lost money so I requested my money back. The owner, Mark Sachs refused to return my money. When I continued to press him for a refund he said quote “If you complain to any organization or demand a refund from Visa I will refer this matter to my attorney to prosecute you to the fullest extent of the law”. In summary a simple no strings attached guarantee was given. The software wasn’t profitable as he claimed. Mark Sachs would not return my money and he threatened to sue if I went to any authorities or agencies. Its up to you to determine if this is the type of person or company you wish to do business with. It is important that traders share experiences, good or bad, about vendors so you can avoid the many software vendors that scam traders and support the few vendors that don’t.

Mark
Mark
3 years ago
Reply to  Todd

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 you cannot interfere, slander and libel a business because you did not get a refund you are not entitled to. We do not roll over in the face of clear-cut written letters of extortion.

See you in court.

Sincerely,

Mark Sachs
Right Line Trading
http://www.RightLineTrading.com
Phone: +1 (855) 765-6681
Skype: RightLineTrading

My “clear-cut written letters of extortion.” was continuing to ask for a refund backed up with too many actual facts. While I was in the room I also noticed that he had lost his butt on many occasions but it wasn’t showing up on the daily performance as the daily performance wasn’t being done. I asked Rory about this and he said they were just behind posting. Somehow a month later those horrible trading days turned into a profitable month. Imagine that.
Anyway, thanks again and I look forward to hearing the latest.

dtchurn
dtchurn
3 years ago
Reply to  Mark

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”.

Aspen
Aspen
2 years ago
Reply to  Mark

Hello
I am the latest victim of his “PUFFERY ADVERTISEMENT”. I sat in his room from Jan 2nd 2018 to Jan 11th,2018. He would loose well over 1,000 in several trades and his daily PnL was always negative yet he still advertises by showing few trades that had winnings of over $600. What he does not reveal is that he has big losses too. As for his automated trading system it was a disaster. Had 1 trade that his tech person said was not triggered by RLT system and the other had a complete price discrepancy. Again his tech was not able to explain why it was so. Then there was trade in Gold which too had a big looser. I was not at all happy with the performance and the lack of system integrity that I refused to login or sit in his room and asked for full refund.
He holds that I signed a NON-REFUND policy and my Visa credit card company now wants a THIRD PARTY assessment.
Can someone help me please on how to deal with this situation.
I already paid US$1,899 and I am not using the product nor the services.
Thanks to all who are writing the reviews about RLT. Wish I knew this before putting my money to his product and services.

ABBA
ABBA
4 years ago

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
4 years ago
Reply to  ABBA

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 as soon as the price got touched. We all know that slippage and no fills are the reality. So this is the main thing one should take away from their trading room. You will never get his results!

Tamiaya
4 years ago
Reply to  ABBA

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
ABBA
4 years ago
Reply to  Tamiaya

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 am not Mark.

Tamiaya
4 years ago
Reply to  ABBA

No problem ABBA. Thank you for clarifying.

Kramnor
4 years ago

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
4 years ago
Reply to  Kramnor

Here is the pic

Tamiaya
4 years ago

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.

Tamiaya
4 years ago

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 contracts per trade. Now to participate in his buffoonery, he will charge a trade room sucker $400 a month. The net result then is that by following Rightline using their own shady PDF spreadsheet accounting, you can quit your job, become a full time day trader, and net $500 a month on a Sim account. Less than the minimum wage, well below the poverty level … so the lifestyle you can have with Rightline would be living in a cardboard box, pan handling for food, cruising the streets on your bicycle to get to an internet cafe from which to trade so as to maintain this jet set lifestyle. Thank you Flat Line Trading. Beeeeeeeeeeeeeeeeeeeeeeeep.

ABBA
ABBA
4 years ago
Reply to  Tamiaya

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
4 years ago

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 June’s losses, you are upside for the year. No wealth is created by Rightline, no profit is generated by Rightline, so do not fall victim to smoke, mirrors, or lies. How about making it a goal to disclose all those losses, and to stop manipulating your PDF spreadsheet. This is like the Hillary private server in the bathroom of trading.

Rob B
Rob B
4 years ago
Reply to  Tamiaya

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.

Osikani
Osikani
4 years ago
Reply to  Tamiaya

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

I love it!

Todd
Todd
4 years ago
Reply to  Tamiaya

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 copies for people to use…. then… no mention of it ever again… GONE

This business is incredible and the longevity of these con artists selling a pipe dream is just amazing

Tamiaya
4 years ago
Reply to  Todd

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
sam
4 years ago
Reply to  Todd

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 out about truths of trading hardly ever discussed on any other forum especially when they have dubious vendor sponsorships. Like if Sachs claims his “multi-variable” methods work now, why just trade for himself? Because I would wager he hadn’t found a way to be consistently profitable just trading after all his years of trying. It’s going down a terrible road again, fudging results and using a fake sim dom made to look live. Makes me depressed about the world. It’s not just these scam retail vendors either. Too much of the system is corrupt and money seems to override it all and the most wealth is concentrated at the top than anytime in history. One can’t even enjoy a stroll in the park or a plaza without homeless or bums bumming and some of them are fake panhandlers too. I actually feel sorry for Sachs and even David Adams with his poor health. It doesn’t help that every other TR seems to be 99% scammy. Have a good night all.

Rob B
Rob B
4 years ago
Reply to  sam

“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 member webinars. Seriously BM how about asking one of those lying clowns to show actual proof before you give them a platform to spill their lies.

These self-proclaimed profitable traders on BM that never show any real proof. We all know NT results can be faked and prove nothing. Some of them get PMs and then sell their education or maybe some are ego fanatics. But people want to believe. If you take the same chart they show you can find tons of trades that meet their criteria that fail and if you ask them about it they can not even proved a coherent answer. I know as in my earlier days I followed some of those rock star posters and asked. And if you dare ask for proof you are the “EVIL” one as their mindless followers, post, “they do not need to show proof it is their journal”

Really people need a public journal!! The question is why. The answer is to sucker people and scam them. I dare one of those rock star traders to ever show any real proof. And fine they want to have a public journal to scam people, but seriously BM is part of the problem when he gives these folks a webinar forum without getting any proof what so ever they can truly trade profitable.

Now tell me honestly how many sites or people you see call BM out just like I did. And all I am asking for is he gets proof. Only in this industry is that a “BAD” word.

Tamiaya
4 years ago

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 to sign up for the trade room or to continue with it if a subscriber.

Rob B
Rob B
4 years ago
Reply to  Tamiaya

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.

sam
sam
4 years ago

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
https://www.youtube.com/watch?v=rrntvPyZLOQ
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
4 years ago

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 the guilty. With a new company, they have the ability to start the scam all over again with some more manipulated PDF spreadsheets, and newbie and gullible trade room members.

sam
sam
4 years ago
Reply to  Tamiaya

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 far easier to imprecisely predict the weather than the markets. Now your update shows RL trying to pass off a 3rd party deal when RL’s strategies and “trading stoploss” ideas have all failed to be better than flipping a coin. Exactly, more new made up spreadsheets, and a website revamp coming up. I recall one of the indicators shown in his old site was actually a bmt contributer’s indicator on volume. I guess any NT code with more than one variable in it is what Sachs calls “multi-variable” analysis, lol.

sam
sam
4 years ago
Reply to  Tamiaya

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 doing this even post retirement until either the feds force them into prison away from running a site, or until they physically can’t run a trading site anymore..

Tamiaya
4 years ago

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 clever video, promo, or speech. Rightline is selling an illusion, certainly not a pathway of profits.

Rob B
Rob B
4 years ago
Reply to  Tamiaya

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
sam
4 years ago
Reply to  Tamiaya

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 surgery and pain pill pushing past. Now he was a former professor at Jefferson college! Talk about another long list of credentials ala Dean Handley. Now all he needs is the J.D. What a riot using the word “elucidated”. I guess writing science fiction about polynomials fools some newbies who haven’t had college level math, when the actual trading is iffy scalping for 4 ticks for 8 tick stoploss, a very bad r/r. Yes, I’d agree it’s disgusting, but I guess who cares in this economy and society going down the drain. The last years of “entrepreneurship” in western society in the form of the scammiest wild west of snake oilers since the 19th century before everything went down , banks finally froze and riots and fires blasted the news. sad sad times.
https://youtu.be/N3q5NyxI8nk

sam
sam
4 years ago
Reply to  sam

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 software today.” And then the lies about the wharton business PhD and the imaginary rogue medical assistant supposedly writing ‘scripts. Putting this out there as the “AESOP” and the “multi-variable” analyses fictions could be overlooked on this page. I think what really happened in 2010 was Sachs got a load of bmt indicators and the Ninjatrader cesspool yet-another-NT-indicator grail fad which took off then. lol, even the “ice cream truck” orderflow lady, Ms. Roussos had a comment on bmt on the rightline thread before she was banned probably because she tried to hide she was a vendor.
https://futures.io/vendors-product-reviews/29709-right-line-trading-method.html#post371841

Rob B
Rob B
4 years ago
Reply to  sam

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 what you know what indicator I now use in my trading? NONE. Not a single one.

The funny thing is I still have a MA on my charts, but I do not use it. I guess it is like a comfort blanket.

I saw BM do a random line test once and price reacted to the random line as much as it did to any indicator. I now believe they are non sense and something once again for the educators to sell you and the trading room to make you think they have discovered some great secret that only they know. What a joke, virtually all of their indicators are just some minor modification of existing indicators.

But I challenge anyone to the following test. Lets take a basic trade, the Pull Back. Do you wait for PB to the MA, maybe to VWAP, maybe to some Stochastic number or so forth. I say put your chart up on the wall, set lines between the entry and where your stop loss will go and throw darts at it and the first one that lands in the area buy there and you will do just as well as any indicator.

Being a successful trader is not about some mysterious indicator, which is why no one would be interested in subscribing to my trading room. Who wants to hear their is no Indicator Holly Grail.

Osikani
Osikani
4 years ago
Reply to  Rob B

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

sam
sam
4 years ago
Reply to  Rob B

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 most all derived from price. Sure I still have a bunch of MA’s and the vwap on, and price will eventually tag them again at some point, but I’m not smart or can visualize the forest enough to take the “training wheels” off. Nowadays it seems bmt talks about some vague gobbledgook about “global macro factors” while the popular journals tout “s/r” levels yet again there are so many ways to come up with “s/r” and pivots. Sachs and others are in the camp of those vendors who plagiarize indicators from bmt, and redress them and have the gall to try to sell them as something “original” or add some “aesop multi-variable” science fiction story about them.

Goagal
Goagal
4 years ago
Reply to  Rob B

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

101
0
Would love your thoughts, please comment.x
()
x