Trading Mission ***UPDATE***

Trading Mission Updated Review

What is happening at Trading Mission?

On January 31st, 2015 I published a review of the Trading Mission day trading room. At that time, that room had been broadcasting since August 2014. Prior to January 31st, I had collected 49 hours of live trading video. I was impressed with the truth and candor of Carlos Diaz.

During the review period, I was able to replicate, in a real money account a profit of over $1,000. After my review was posted, google then quickly pushed my review up the search engine rankings. In fact, if you google search, “Trading Mission, or Trading Mission Review”, you will find that my written review is actually outranking Carlos Diaz own website.

During the month of February and March, I personally received confirmation from over 20 people that became paying subscribers, only because they had read and believed in my review. I immediately began to think about my role and the personal responsibility in recommending any trading service. Its one thing to write a blog post and express your opinion, but I had people contacting me with heart felt messages and thank you’s.

Things Start To Break Down

On the first week of April, I began to receive private messages from subscribers. They were expressing concerns that they could not match the trades inside of the trading room, and that some of the trades were not being reported exactly like what was happening inside of the trading room.

How could this be? This did not sound like what I had experienced back in January. I went back over the record of trades posted at Trading Mission, the only thing that I noticed was that the ES trading results where poor, and most of the profits were coming from crude oil. Shortly thereafter, Carlos decided to just focus on crude oil futures, which is OK. I did not find this suspicious. However, during the month I began to receive more emails from upset subscribers. And, some were beginning to post messages on my blog that described the situation. There was obviously smoke, but I could not be sure if a fire existed.

More Recordings

From April 20-24, I attended the trading room anonymously and once again began recording video. I immediately could see what was happening. On Carlos website, he was reporting results trading only a single contract, yet on the screen recordings he was clearly trading two contracts.  However, I did not detect any real fraud or abuse, he was trading profitably, but not reporting correctly.

In addition to not reporting correctly, I really took a very close look at his entries and exit prices. This was not easy. However I did notice a few “mystery ticks”. Carlos was starting to stray from the principles that he had set for himself only a few months prior.

In addition to me noticing the “mystery ticks” and the non-reporting of the second trading unit, a few people on my blog got into an exchange with Carlos promoter, Tommy, about these “mystery ticks”. Tommy did his best to explain, but in reality, at that moment, the trust was broken.

Another Complaint

On May 1st, I got a very compelling complaint from a lady that reads my blog. She was distressed because Carlos was making money, but she was not. I knew that sometimes Carlos will jump into a trade, or out of a trade with little notice. But I had no recent data to suggest that things had actually gotten to a breaking point. The point where I need to rewrite a review.

Once More Into The Breach

The nice lady (you know who you are) that sent me the email compelled me to get back into the room. I replied that I still think that Carlos is still pretty good, but maybe she just could not get into and out of the trades quick enough. She did a good job of convincing me otherwise, via a telephone call to my home. And so, on Sunday night, May 10 2015, after speaking with her. I agreed to attend the trading room and trade with my real money, live trading account. You cannot bullshit a live account. She challenged me to follow along the best I could, how could I refuse?

Live Trading

And so this morning, I attended the Trading Mission trading room with my screen recording software fired up, and my money on the table. I was going to prove her wrong! The trading session lasted 3 hours. The video below is that trading session. However, nobody has three hours to review and be granular. So, I edited the video down to the exact moments that Carlos entered and exited his trades. In addition, I also kept my live trading DOM right on top of the screen, so that my lady friend could see that I was actually trading live. The video below is only about 3.5 minutes. Its contains all of the information that you need to know. Enjoy the viewing.

So, if you watched this video you can clearly see that I lost $840 by taking the trades exactly as Carlos recommends in real time. One thing that I discovered with the real money trading account is that slippage in the crude oil market is a really big issue. On a single trade, my stop order was hit, but was not able to fill until $60 dollars slippage later. Wow. I was surprised at how slippery the slippage is in trading crude. This sort of slippage is nonexistent in the stock index futures or the bond futures, but hey, this is part of the game. I cannot blame Carlos because of the slippage.

However, I can blame Carlos for the trade reporting. Immediately after the room closed, I went to the performance page on located at Trading Mission and Carlos had posted the following:

Trading Mission results

As you can see above, trade #478, Carlos is only reporting trading a single unit. On the screen recording, he clearly trades 2 units for a loss of $500, on the very first trade. So why only post a loss of $230 on a single unit?

On the second trade, #479, Carlos is reporting a single unit loss of $260. The screen recording clearly shows a best case loss of $320. I actually had a loss of $380. Carlos never mentions whether he is experiencing any slippage.

On the third trade, #480, Carlos is reporting a single unit gain of $130. I was able to only produce a single unit gain of $80. WTF?

On the fourth and final trade, #481, Carlos is reporting a single unit loss of $110. I reported a two unit loss of $120. WTF!?

As I go back and look at the screen recordings, I am sitting here asking myself just what in the hell is Carlos looking at, and what is he reporting on his website. There appeared to be 200 people in today’s trading room, and I am sure that they were thinking the same thing I was thinking. In fact, my lady friend texted me, “I TOLD YOU SO!!!”. So, the final tally is that Carlos reported a $470 loss for the trading day, trading only a single trading unit. However, as the recording above clearly shows…the loss for the day was over $800.

Pulling The Plug

Obviously, the trades are not being reported by Carlos with complete honesty. He is obviously inflating, confusing, using slight of hand, whatever you want to call it. But the sad and simple truth is that Carlos is now more interested in keeping subscribers than reporting his actual trading results. This is sad because his room started off with so much promise, but appears to be off the rails and no longer dependable at reporting the truth. One more thing I want to add, the Trading Mission trading room is a signal service, meaning we are not there to learn how to use indicators or interpret the markets…we are there to copy the trades and hopefully make money. We don’t care why the markets go up or down, only that the signals that we are paying for are replicable and reported with absolute honesty. Based upon what I saw today, and the reports that I have received from my readers, it is now time to pull the plug on Trading Mission.

Carlos, After You Read This

I hope that you make changes and get back to running the trading room that so many of us enjoyed and prospered from last year. In my heart, I do not believe that you are a bad person. But I believe that the pressure of producing profits on a daily basis and not losing subscribers has caused you to drift away from your core values. I honestly hope that you begin, from this moment forward to report all units traded, exactly as you trade them. At the end of the day, us subscribers can accept our loses and move forward with you…but we cannot move forward if you continue to report trades such as today. I sincerely hope that in the not too distant future, I can once again review Trading Mission and provide an excellent review. We just want accurate reporting.

To My Readers

I apologize. As I sat there today, and watched the massive amount of people in the chat room, I could not help but think of how many where there because of my original trading review. I am sure there were many. And I sure that many of you made the exact same trades today that I made, lost money, and are confused by how Carlos is now not reporting the trades with accuracy and authenticity. My sincerest apology. Below is an image of today’s loss. Thank you for reading, and don’t forget to leave a comment below. I even appreciate and answer the angry comments. Everyone’s voice is heard.

Account Statement

 

 

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Mike
Mike
7 months ago

Thanks for the great review!

Mike
Mike
4 years ago

I attended the two trial days to get an insight. Carlos is a self-confident trader with the necessary patience to make his calls. It has been easy to follow him on most of his trades. He never did get loud or angry and the overall atmosphere during the trading sessions was relaxed and good. After the two days i decided that his trading style doesnt match with my way of trading and that i would feel some discomfort by following his trading method even if he made money every day. It looks like the method he is trading needs to wait for confirmation in form of a price move in the direction of the trend. The stop is then placed above the recent high or below the recent low, which depending on the confirmation candle, can lead to pretty big stops. If you want to follow him on his trades, you have to accept this and as long as he follows his trading method and rules, everything is fine.

There have also been a few other small personal things i didnt like about Carlos and his trading but
its always easier to criticize somebody than to make live trades in front of about 300 traders what certainly needs some balls.

Douglas Ragan
Douglas Ragan
4 years ago

I received an email ad today inviting me to join his trading room. The email claims he averages 20% a month.
After reading your review, it makes sense that what he posts is different than reality. I have noticed that a lot of trading rooms use a demo account versus a live account. This is dangerous, especially in a thin market like CL. There simply is not enough volume being traded to handle stop orders.
Your demo account may show you getting stopped out at one price, but in a real account you will certainly have slippage.
This is something that retail traders need to understand and Carlos should be warning his students.

Joe
Joe
4 years ago

I attended another of Carlos’s trial days today. One thing worth mentioning is the way he reports performance has changed since Emmett wrote his original review. Carlos now reports HIS (rather than previously a nebulous room average) performance, but only for the first contract (he normally trade 2 contracts) . This is he says because 80% of his members trade 1 contract and therefore is more relevant. (NOTE: Its not obvious from what I can see when this changed so the website performance figures should still be treated cautiously) . This is an improvement on before.
I think some of Brian’s points about Carlos’s risk management are correct – Two of his trades today were short entries after a significant down candle that were subsequently stopped out on the pull back. However I’m reluctant to be overly critical of another man’s strategy without knowing the long term performance. What was noticeable was that the results of room members often varied considerably from Carlos’s own figures, perhaps due to them entering / exiting early based on their own reading of the situation and risk which is commendable but also perhaps indicates their doubts about Carlos’s targets and stops(?). On the plus side, there is no doubt that Carlos cares about his members and his concern that the room followed the rules, understood why and what he was doing was very obvious and a real positive. Finally I would encourage Jimmy to re-engage with this forum.

Brian Woodrow
Brian Woodrow
4 years ago

After reading the original review of Trading Mission, and reading this update, I see a problem with Carlos’s risk management. He seems to be mostly trading breakouts in the direction of the trend, but this means that often he is making the amateur mistake of buying after a large move up when price is high, and selling after a big move down when price is low. This works when there is a very strong trend, but he will get whipsawed in choppy markets, which happens most of the time. His risk reward ratio is less than 1:1, and most of the time it is extremely low. He is risking way too much to make a paltry 12 ticks. As John Carper commented above, “You will notice some pretty ‘man sized stops’ he uses (70 ticks on one trade the other day) and the market seems to pull away from his entries real fast. But, I was easily able to catch his calls and usually the faster his call was the better MY entry because the market would go against him on almost every trade.” Risking 70 or even 97 ticks to make 12 is astounding. This kind of trading will give you an excellent win/loss ratio, but such small targets will not pay for the losing trades, slippage, commissions, trade room subscriptions, etc, over time.

Of course, most of the time he closes losing trades way before hitting his initial stops. I believe he does this because his initial stops are not reasonable and not thought out to begin with. While watching the video above with Emmett’s four live trades, I see him moving entries around, and also he moves his targets and stops after getting in, not before. Maybe it’s convenient for him to have bracket orders placed automatically upon entering the trade, and then adjust them according to his plan, but I see no indication of a well-planned execution of a trade. His entries are mostly spontaneous, and this is why Emmett complained over and over again about the little to no warning when Carlos entered his trades.

What I would look for in a moderator is someone who can call the entry, initial stop, and maybe profit targets all before entering the trade. In a trade room, this is essential so that people are not caught off guard and scrambling to enter after the moderator. This also eliminates the chance of front running. By stating the entry of a trade minutes before the actual entry, along with the reasons for making the trade, there is no way he could be accused of front running his members. This is more important in markets with less liquidity like crude oil.
On the other hand, if someone were to “short Carlos” and take the opposite side of all his trades on a simulator, the risk/reward would be good, and it would probably make some SIM cash. It would be interesting to find out.

Paul
Paul
4 years ago

Hey Carlos , belated congratulations Mon Ami on being hand picked – (cough cough- paying ) to join the trading elite, the special forces of the trading universe. You are now a Galactic Trade T-I-T-A-N I see.

Does this mean you will finally report YOUR accurate performance figures (rather than some spurious room average) ? – or will you follow your illustrious colleagues from EMini volume trader and Global Trade Room down the path to extinction by continuing to demean room subscribers and potential recruits by this odious slight of hand reporting nonsense ?

Singh
Singh
5 years ago

The trading results are just plain stupid, what does the average of people have to do with anything? People lie.

Carlos should be posted his own results, that’s it. No BS.

Btw I lost money in the room , month after month

Rob
Rob
5 years ago

I tried the trading room the last 2 days for the free trial. I only watched and did not take any trades, but here is what I saw. First I have to give Carlos credit he shows his trades on the chart and they were fairly easy to follow, but he can move the order quickly. I looked at the results posted .vs the actual trades and no slippage is being shown. At a minimum CL is going to have 1 tick of slippage and and with a room of traders copying your calls I think slippage would be a lot more than 1 tick. Slippage can be the difference in making money and losing money. It is one thing not to report commissions, but you need to report slippage. There was another thing I notice which I thought was odd and might explain why the room average results are better than Carlos’s results. In the chat window there were members posting their results and somehow achieved better results than Carlos, yet I did not notice a single member posting worst results. I would also add only a small number of members even posted their results. With 100% confidence I can say there is no way all members are getting better results than Carlos. After all if you are not entering or exiting per Carlos’s instruction then you have equally as much chance of performing worst than Carols. I am not saying these are his cousins posting the results, but maybe the average room results are biased by certain member who did unusually well. In other words maybe members who do worst are embarrassed to state their results. But from what I saw I do not see how you can give any credibility to those members posting so much better results as they clearly were either fictitious or they are not executing Carlos’s trades as he shows. To Jimmy, I would consider trying this room but not unless you show Carlos actual results after slippage and if you are going to post a room average results they cannot be better than Carlos’s results including slippage, as I view that as very very suspicious. And if you want to be really honest you would show net results after commission. I would also encourage others who have tried the room to post comparison of their results with Carlos’s results.

Finally If I can ever find a trading room that can truly trade profitable without Hugh DD, so far an impossible task, I would want to learn the method so I could eventually trade on my own. Carlos has certain indicators on his chart I am not sure if these are proprietary or if he teaches the logic of them in the room. He also has no education. So a question for Jimmy, does Carlos teach his trading method and indicators as part of the room?

Rob
Rob
5 years ago

Jimmy TM,

I had to respond to your comments. I have not tried Carlos’s room, but the only time I would want to see the room average performance over the trader’s performance would be if I consistently under performed the trader. For example, maybe he is front running orders. Over time I would expect the traders performance to be better than the members, but it seems that is not what was happening. Instead consistently better performance was being documented as room average results. The problem is no one knows what other students are doing, maybe they are just sim traders, or if those numbers are even accurate at all.

I do not think you have to create 2 results sheets, just 2 columns: 1) actual trader’s performance and 2) room average performance, with a simple footnote as an explanation. I think 99% of traders could follow that and understand.

Just one last comment. If Carlos has a certain style he trades and you get a bunch of new members that want to see another style; larger targets and etc., I think it is best to tell them that is not his style than change the whole room to accommodate a trading style he has not shown he can successfully do in the past.

Ben
Ben
5 years ago

He’s pretty bad,
I just watch a random video:
https://www.youtube.com/watch?v=7n0583hmpv4#t=10m25s
He asks his friend in SPANISH what’s the SL risk on the trade is and say’s 97 ticks in SPANISH.

And he’s okay with it.. shrugs it off.. he’s no pro and anyone that doesn’t know SPANISH should even consider.
He didn’t even take TP he recommended.
AVOID.

Ben
Ben
5 years ago
Reply to  Emmett Moore

Don’t waist your time on this guy.
You think his subs speak spanish and english? They’d need to.
You think having a 97 tick sl for a 5 tick win sounds right?
Why does he demo trade at all?

He’s a sales man/web guy not a trader.

Ben
Ben
5 years ago
Reply to  Ben

And why doesn’t he measure the distance from entry to SL himself on screen, instead of asking in SPANISH to the other guy to do it?
He’s clearing marketing to english speakers and not Spanish speakers.
I wouldn’t want to follow his trades ‘live’ or demo trades.. how would you know the difference?

He’s a nice scammer, all scammers want you to think they’re nice!
The scammer is scamming you now.. how many chances does a scammer get?

Please review http://www.tradethemarkets.com/

Alexander
Alexander
5 years ago
Reply to  Ben

Carlos Diaz, no brokerage statements or tax returns available, another scammer making money from the $300.00 membership monthly membership and not from trading.

J Bird
J Bird
5 years ago

Emmett, since you have pulled the plug on Trading Mission does that mean that there will be no more posts?

Ron
Ron
5 years ago

Hi Emmett. Thank you for the review. I had got a few invites to join in Carlos trading room. I found it interesting but had a hard time following along with him. Maybe because I have never traded before. At that time I believe that his trading room was $195.00 a month. I was going to join and try to do some simulation on Ninja Trader. I was going to spring for a month membership. But when I decided to join his membership had jumped to $295.00. I didn’t think that his room was worth the 295 a month. With the way he called the trades and the amount he lost told me to stay out. I am glad I did. I think the Father and Son team are a better bet. Just my opinion. Thanks for your time.

Tom
Tom
5 years ago

Hi Emmett,

I like your site and I want to make a comment on this article as I joined trading mission on your advice (the original article).

I have now been a member for a while and I really enjoy the service. Carlos does genuinely care (or at least that is the impression I get) and it isn’t just the trades in the room that we get but he gives us target levels for later in the day which we can use to keep trading through the day (I have found these levels to be more accurate than trades taken in the room as he is skilled at predicting the overall trend for a particular day).

I have been profitable but because of my trading outside the room I have ignored the published results so I can’t comment on how accurate they are.In fact I would suggest to others not to get too hung up in the results. All that really matters is how you personally do when using the service.

I wouldn’t have found Trading Mission if it wasn’t for you, so for that I thank you, but if I came to this article first I would have passed up the opportunity. This makes me sad for Carlos and the people who are going to miss out. It is just my humble opinion, and I hope this doesn’t offend, but this article really doesn’t cover the reality of what trading with Carlos is really like over the long term. It’s much more than just basic signals. These guys are working their ass off to cater to a large crowd of traders who all have different account sizes and needs. Sure it takes to get used to it and to figure out how to use it for your own personal gain but once you do that it is smooth sailing (or as smooth as trading can ever be).

Do keep up the good work though.

Tom

Fer
Fer
4 years ago
Reply to  Tom

Im going to make it simple …I am a member of tradig mission and Carlosand Juan are honest and very profecional..sometimes we lose some times we win. And yes. His targets are sooo accurate!!! Its amazing!!

David
David
5 years ago

I find it interesting that I left a comment the other day and now it has disappeared. Also many of the comments that were posted have likewise disappeared. Well my comment was that I tried the room because of the money back guarantee and I had not yet received even a reply to my email

Well I want to update I finally received a reply and my refund was received.

Now for my experience in the room.

I was in the room for only 3 days when I realized it was not for me.

When I go into a room I am trying to see if there is anything that I can learn to add to my tool box, so I forget my charts and methods and blindly follow the moderator.

The first day I was waiting for Carlos to enter the room and while doing so I had to go to the bathroom. When I came back he had entered the room and already was in a trade. I couldn’t believe it. And then he said there we go we hit 10 ticks and gave a pep talk about how everyone hit the target and some people posted their results and then he was gone and closed his charts. So I was totally disappointed by the whole thing.

So the next day I thought I’d go ahead and make sure I was there during the time period he tries to open. I was and he quickly entered a trade which I blindly followed. After I was in the trade I looked ant my charts and indicators I use and decided to exit because I believed it was a bad trade. Which it was. Carlos held longer and achieved even a greater loss than I had. After he said he was “going to make up for the loss”. So he stayed in the room and did another trade which made his 10 tick target and he immediately closed down the room.
Day 3. This was Wednesday, crude oil inventory report. He had a losing trade and then said we were going to trade the report. He consistently warned everyone that it is very risky so only trade if you could deal with the risk. Carlos got the initial direction of the trade correct so if you got in and out you would have made a profit; however, he continued to predict the market would continue higher and it reversed and went rapidly south and those who relied on his judgment were getting hit for loses over 100 ticks. The reason was he really doesn’t know how to trade the oil inventory report nor does he know how to correctly read the market as the trade is setting up.

Overall if you are inexperienced and trying to squeeze 10 ticks out of oil per day this might be the room for you Just don’t trade the oil inventory report.

It is a little disappointing that someone who claims to be so experienced doesn’t hang around for at least 4 hours of trading. Makes me feel he isn’t too confident in his methods.

Jimmy TM
Jimmy TM
5 years ago
Reply to  David

This is a response to David above.
.
You request for a refund was processed immediately despite our ‘no refunds’ policy as a goodwill gesture. You just didn’t realise it because your email kept bouncing our emails back for some reason. You will see this on my reply to your previous comment on the other page. Anyway I’m glad this is sorted out now.
.
To anyone who is considering joining a trading room I would urge you to be a member for more than 3 days. You really cannot make a balanced judgement on 3 days. You need to trade it for at least a month to really get a good understanding of whether the trading strategy really works or not. For example David experienced a very bad day on the report day. However over the previous 10 report days Carlos had only had 2 fairly minor losses (just to be clear on some of those days he called a ‘no trade’ day so I’m not saying they were all winners but they definitely weren’t losers for the most part).
.
Also when Carlos says he will make up for losses he is really talking about over a month. He doesn’t mean he will literally do another trade that day which will make things right. We cannot offer 100% winning days. So it might seem annoying to take a big loss followed by a small win on a particular day and then finish up but that just means Carlos wasn’t happy to carry on in the current conditions. However on a better day bigger profits can be made they go towards the total for that month which should overall be a winner when all trades are taken into account. I personally don’t really think about wining/losing days at all when trading. I judge ONLY at the end of the month and I would urge anyone reading this to do the same.
.
I would like to also make a point about shutting the room early. This is supposed to be the point of our trading room. It’s one of the things that sets us apart from others. We decided to make it target based rather than time based. The idea being that you get one good trade and if that goes well you finish for the day. If you make it 4 hours then there will be pressure on to keep trading and “performing for the crowd” and this could lead to giving back the profits made early on because of over trading. It’s nothing to do with confidence it’s just the whole ethos of the room. Most long-term members love the fast days most because it means profits are locked in with minimal stress and you can get on with your day. Since this room is only about trading and not teaching we believe this makes perfect sense. However, regardless of whether it is a fast or slow day Carlos still gives targets before he closes up which is like a trading plan for the rest of the day for those who like to trade on through the day and this is a huge selling point for the room as many have said they would happily pay something for those levels alone since they are so accurate. The other reason we run things this way is because Carlos manages funds for private clients after the room closes. This is where his main income is coming from. The room is very much a side business for him. It’s one he loves and takes very seriously but it was designed so he can run it along side managing funds.
.
I hope this clears up any confusion of why we do things in the way we do it. David, thank you for trying our room and I’m sorry it didn’t work out.

Bob
Bob
2 years ago
Reply to  Jimmy TM

Hi Jimmy,
You are yet to provide me with the verifiable proof of the 120% return on investment made in two months(Dec 2017 &Jan 2018) from trading NQ by your Erick under Carlos guidance.It’s now more than four days after my request for redacted copy of the brokers statement of account,but all I got was a terse email that Erick may not be willing to provide the proof after you personally guaranteed to me via PM that you have the proof.
I replied your email reminding you that not only did Carlos endorsed the unsubstantiated 120% ROI in 2 months claim but congratulated Erick as a testimony of Carlos’ trading room,and a reason for guests like me to join. I went ahead demanding for a verifiable proof,but Carlos response was banning me from attending the 2nd day of the trial,and blocked my email address.Funny enough Carlos still went ahead marketing his trade room with same discredited 120% in 2 months claim the following day(6th Feb 2018).
Remember my email of 11th October,2017 ” Waqar And His Mates Entertained Me Today”, about the bloodbath and massive bleeding of most of your members on that fateful October day,and how Carlos reacted angrily about my advice on the need for your paying subscribers to be trained to stand on their own feet.

Bob
Bob
2 years ago
Reply to  Jimmy TM

Hi Jimmy,
You are yet to provide me with the verifiable proof of the 120% return on investment made in two months(Dec 2017 &Jan 2018) from trading NQ by your Erick under Carlos guidance.
yogen: ok thanks 13:47

erick: I recommend carlos woa amazing system great job carlos.Im making manoey carlos my account is 120 % up 13:48

Jimmy TM ADMIN: http://foresightfx.com 13:48

erick: thanks for your aDVISE nq IS MY BREAD AND BUTTLER. 13:48

charles: Erick- how long to grow 120% 13:48

erick: 2 MONTHS 13:49

fred: well done erick

charles: how many years 13:49

Jimmy TM ADMIN: ????? 13:49

Mark V: y 13:49

happyman: y
It’s now more than four days after my request for redacted copy of the brokers statement of account,but all I got was a terse email that Erick may not be willing to provide the proof after you personally guaranteed to me via PM that you have the proof.
I replied your email reminding you that not only did Carlos endorsed the unsubstantiated 120% ROI in 2 months claim but congratulated Erick as a testimony of Carlos’ trading room,and a reason for guests like me to join. I went ahead demanding for a verifiable proof,but Carlos response was banning me from attending the 2nd day of the trial,and blocked my email address.Funny enough Carlos still went ahead marketing his trade room with same discredited 120% in 2 months claim the following day(6th Feb 2018).
Remember my email of 11th October,2017 ” Waqar And His Mates Entertained Me Today”, about the bloodbath and massive bleeding of most of your members on that fateful October day,and how Carlos reacted angrily about my advice on the need for your paying subscribers to be trained to stand on their own feet.

Bob
Bob
2 years ago
Reply to  Jimmy TM

Hi Jimmy,
You are yet to provide me with the verifiable proof of the 120% return on investment made in two months(Dec 2017 &Jan 2018) from trading NQ by your Erick under Carlos guidance.
It’s now more than four days after my request for redacted copy of the brokers statement of account,but all I got was a terse email that Erick may not be willing to provide the proof after you personally guaranteed to me via PM that you have the proof.
I replied your email reminding you that not only did Carlos endorsed the unsubstantiated 120% ROI in 2 months claim but congratulated Erick as a testimony of Carlos’ trading room,and a reason for guests like me to join. I went ahead demanding for a verifiable proof,but Carlos response was banning me from attending the 2nd day of the trial,and blocked my email address.Funny enough Carlos still went ahead marketing his trade room with same discredited 120% in 2 months claim the following day(6th Feb 2018).
Remember my email of 11th October,2017 ” Waqar And His Mates Entertained Me Today”, about the bloodbath and massive bleeding of most of your members on that fateful October day,and how Carlos reacted angrily about my advice on the need for your paying subscribers to be trained to stand on their own feet.
Jimmy,below are few of the comments made by Erick,and my request for verifiable proof before you PM me to stop further exchange with Erick,but to email you for the verifiable proof.
yogen: ok thanks 13:47

erick: I recommend carlos woa amazing system great job carlos.Im making manoey carlos my account is 120 % up 13:48

Jimmy TM ADMIN: http://foresightfx.com 13:48

erick: thanks for your aDVISE nq IS MY BREAD AND BUTTLER. 13:48

charles: Erick- how long to grow 120% 13:48

erick: 2 MONTHS 13:49

fred: well done erick

charles: how many years 13:49

Jimmy TM ADMIN: ????? 13:49

Mark V: y 13:49

happyman: y
Bob: @Erick,can you please provide me with a verifiable proof of the 120% ROI you made from trading NQ in the last 2 months under Carlos ? 13:51
erick: BOB YES 13:52
Bob: @Erick,that’s good.I will like to see a verifiable proof. 13:53
charles: Eric- Tx 13:54

billyg: thanks Carlos 13:54

erick: in CL i WAS NEGATIVE FOR $3500 13:54

erick: my SYSTEMN WORKS PERFECTLY IN nq 13:54

Bob: @erick,just tell me the safest means that is acceptable to you.I need the verifiable proof . 13:55

charles: Eric- Can I be included, pleaseeee 13:56

@erick,I’m still waiting for your response.Can we exchange email address for the verifiable proof of your 120% ROI in two months? 14:06
.

Jeff
Jeff
5 years ago

My first question was not a knock against you but I believe it was a fair question.
I do think you provide honest reviews.

It is nice of you to do the reviews but if I found a room that actually made money then I would not stop trading in it.

If I could afford an assistant to do what you have them do then I might do that.
Good luck on your future reviews.

John Carper
5 years ago
Reply to  Emmett Moore

Your writing skills are awesome. English is my second language…unfortunately I don’t have a first language, but I loved 10th grade English so much I took it twice.

You are doing a great job here and hopefully a few of these rooms might actually clean their acts up. Most of them are total slimeballs.

Jeff
Jeff
5 years ago

Emmett,

I have a question for you.
If you were making money with Carlos back when you first reviewed his trading service why did you stop taking his trades?

Jimmy TM
Jimmy TM
5 years ago

Before I start this reply I want you to understand 2 things. Firstly this reply is not intended to be a list of excuses (because I agree that mistakes have been made). This is just an explanation from our side of things. Clearly people want a response and so this is my best effort to provide that. Secondly it’s important t note I’m not just an admin or employee of Carlos’s. I’m a partner on the trading room, I’ve been involved from day 1 and I’ve worked closely with Carlos for over 5 years.

In the early days (since our focus was put on Oil trading) we called the room “Trading Mission” because the idea was to make every day a mission to make 10 ticks profit or more and then close up. Since this room is aimed at traders with smaller accounts like $10,000 we would be using 1 contract. This is how things ran happily for quite a while. However as the room grew more popular we started to get requests from guys with bigger accounts who wanted Carlos to stay in trades longer so he could talk them through managing their trades to much higher targets.

Carlos agreed to do this and for a while he used 1 contract but verbally gave exits while staying in longer in order to cater to the bigger players. Later on he started using 2 contracts to achieve this same result but more clearly instead of the verbal signal and it was explained to room members that the results would still be shown for 1 contract since that is the mission for the day and the second contract is only there for the use of a couple of highrollers in the room and should be considered entertainment only for most members. This was explained to members on numerous occasions and we had no complaints (as far as we knew).

This approach kind of derailed the original vision we had for the room but the pressure of trying to please everyone is what brought this about. In fact I can say with absolute confidence that listening to feedback and constantly trying to adapt and please members has been a big mistake despite having the best of intentions.

I agree that this approach is confusing as hell for new members (and people like Emmet who just attend the odd session here and there and aren’t a real member of the community). If you are not a regular member of the group then you do not sit in on the tweaks and changes that come about as part of the discussions that go on in the chat or via email.

The plan was to make a video for the website members area explaining this new approach but at this point it just hadn’t been done – a big mistake for which we apologise!

This 2 contract approach worked well (or so we believed since nobody complained) and at some point a member suggested it would be better to show actual member results by taking an average of what people were posting from the chat room. Carlos floated this idea to members and they were cool with it and so it happened. This is another example of the room being run like a democracy (which we now realise has now backfired). It was made clear that results posted are 1 contract only as not to skew the overall outcome (that’s why members report results in chat like this: +21 x 2 instead of +42). Carlos liked this approach as he believed it to be the most true reflection of what a new member might achieve with us and so we tried it. This explains why what Emmet shows on screen doesn’t match the reported figures.

Since our retention is excellent and we receive very few negative comments in the room or via email we assumed everything was hunky-dory until this article came to light and gave us an insight into how “outsiders” see things.

Now before you all hit the ‘reply’ button and start calling me every name under the sun please remember that, although Carlos has been trading over 20 years, he has never actually run a trading room before and neither have I. This has been and continues to be a learning experience for everyone involved and we are just trying to do our best for the paying members. Yes we make mistakes along the way but we also hold our hands up and admit it when things are wrong. If you subscribe to this blog and follow Emmet then you know he has a chequered past which he writes about publicly but since he admits to it and explains it we give him the benefit of the doubt. I truly hope you will extend the same courtesy to us.

Finally . . . after speaking to Carlos about this we have decided to simply go back to the original way of reporting as Emmet has requested. The report sheet will show what Carlos actually gets himself onscreen and will ignore member results. It does seem a little odd to me that we are going against what paying members requested in the first place in order to satisfy non-paying members commenting on a blog but hopefully they will understand that we don’t want the bad PR and changing things is the easiest and quickest way to fix this problem so we can just move on.

If you have any questions I would be happy to answer them. Please email Carlos’at’TradingMission.com as I monitor this email most of the time.

Jimmy

IsItJustMe
IsItJustMe
5 years ago
Reply to  Jimmy TM

Jimmy, just post both! meaing post: 1) What you are doing now and 2) Carlos’ actual results. Simple. No excuses. Do this and I among many others would join.

jimmy TM
jimmy TM
5 years ago
Reply to  IsItJustMe

We discussed this but decided against it because it would be too confusing for people who first find us. They suddenly now have to wade through and make sense of 2 sets of results and in many cases most just wont be bothered and will move on. Everyday we will receive emails asking “which result will I get.” I already answer between 20 – 40 emails per day from people who want to know exactly how much they will personally make trading. They are new to this and don’t understand the reality of doing this day in and day out. Over complicating things is what caused this issue. We’re going back to simplicity.

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