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Is School of Trade legitimate? (www.schooloftrade.com)


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Is School of Trade legitimate? (www.schooloftrade.com)

  #41 (permalink)
 
ThatManFromTexas's Avatar
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
Posts: 2,265 since Feb 2010
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I've had friends ask if they could come over and watch me trade.. and I always say no. Having someone I know watch what I'm doing is creepy enough... can not for the life of me imagine a real trader agreeing to let a bunch of folks on the internet watch and ask questions while he's trading real money... maybe it's just me

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #42 (permalink)
 
tickvix's Avatar
 tickvix 
USA
 
Experience: Intermediate
Platform: Infinity
Broker: Infinity
Trading: ES, Euro
Posts: 232 since Feb 2010
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ThatManFromTexas View Post
I've had friends ask if they could come over and watch me trade.. and I always say no. Having someone I know watch what I'm doing is creepy enough... can not for the life of me imagine a real trader agreeing to let a bunch of folks on the internet watch and ask questions while he's trading real money... maybe it's just me

I agree with you. I have been on one room now for more then 10 months. In my room moderator trading in SIM and we all know that she is trading in SIM.
We also know every rule of the trade since every rule is posted on her website.
She also now posting her trading rules on the screen so everyone can follow where and how she is trading. We can also see her DOM as she is placing her orders and taking her targets, or taking stop losses.
There are very many trading rooms on the net, but this is the only one where I could truly follow and that helped me to improve on my trading.
I think I have posted the name of the room before, but if anyone in need of the info please let me know would be glad to provide.

Thank you
Gregory

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  #43 (permalink)
 
rtrade's Avatar
 rtrade 
Paradise, USA
 
Experience: Beginner
Platform: Big Charts
Trading: E-mini, Forex, Futures, Equities, Options
Posts: 499 since Nov 2010
Thanks Given: 578
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I am having a very hard time in understanding how anyone would PAY an individual that trades the LIVE market, BUT is only SIMULATING trades...WTF?!!!! Can we get real here?

If this individual is soooo confident in his/her trading methodology, then TRADE it LIVE, with REAL MONEY!!!

I truly believe this is an example of Like Attracting Like...these unsuspecting traders who follow these CHARLATANS...ya, that's right I SAID IT!!! Will only end up like these Charlatans...nothing but a Paper Trader, a Simulation Trader....never ever going LIVE...WAKE UP!!!

"Faith is the substance of things hoped for, the evidence of things not seen." --- "Therefore, I Believe it and I will see it. And every day and in every way, I am healthier, wealthier, and wiser."
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  #44 (permalink)
 
Linds's Avatar
 Linds 
Victoria, Australia
 
Experience: Intermediate
Platform: NT, MT4
Broker: NT
Trading: Bund , ASX 200
Posts: 417 since Jul 2010
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Scott305 View Post
I paid to become a member of SofT last spring. I regret that decision. It really bothers me that JJ doesn't show his DOM so you're left with his version of play by play. He always seems to be in winning trades and when it moves in his favor he says did you guys get in with me instead of saying ahead of time exactly where he was entering.

Conversely, he has also has said he was in a trade then hemmed and hawed and said he wasn't in, that it was too risky. You wonder if anyone else just heard what transpired and you type it in and ... nothing. Ignored question.

Also, you can't see what other members in the room are thinking/saying since GoToWebinar blocks comments and only he can see what's what.

One of the ways he lured me to part with my cash was by selling this great secret he had concerning entering trades thru the NinjaTrader DOM. I watched his video on that subject and was just left with... huh? That's it? Fool me once...

Bottom line, if I could get a refund and never go back I'd happily take it. Live and learn.

I give him some kudos for creating the environment and the hooks that lure people in but thats about it.

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  #45 (permalink)
 
tickvix's Avatar
 tickvix 
USA
 
Experience: Intermediate
Platform: Infinity
Broker: Infinity
Trading: ES, Euro
Posts: 232 since Feb 2010
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rtrade View Post
I am having a very hard time in understanding how anyone would PAY an individual that trades the LIVE market, BUT is only SIMULATING trades...WTF?!!!! Can we get real here?

If this individual is soooo confident in his/her trading methodology, then TRADE it LIVE, with REAL MONEY!!!

I truly believe this is an example of Like Attracting Like...these unsuspecting traders who follow these CHARLATANS...ya, that's right I SAID IT!!! Will only end up like these Charlatans...nothing but a Paper Trader, a Simulation Trader....never ever going LIVE...WAKE UP!!!


First of all never judge a book by its cover!!!

is WTF= way to fortune!!! ???? or you had something more to say?

Oh I did not say I pay nothing!!! Zero free room, training and advise and phone consultations when I have additional questions. Yes there are rooms where you can get help from. Hence I do not care SIM or not, since I'm not looking for trades to take from others I have other goals when I'm in the room.

Have you ever traded when someone was looking over? I guess not. Try I would like to see if you would make it. Ops you are just starting out so you still have time to learn.

all the best to you in your future trading.

TickVix/Gregory

TickVix/Gregory

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  #46 (permalink)
LloydH
Manchester
 
Posts: 31 since Feb 2010
Thanks Given: 0
Thanks Received: 13

Aragorn, thanks for this information, it makes sense to me when watching T&S with lots of small 1 and 2 contract orders listed that it was showing everything.

"Pico Trader" it now seems that your newbie comments regarding T&S and my video need retracting? I have to say you sound remarkably like JJ in your post!


Aragorn View Post
I believe it was in October '09 that the Exchange changed the way they transmitted data. Before then they were bundling data and thereby obscuring individual orders. Traders, who understand how to read the T&S window and thereby attempt to track institutional orders cried foul as the information that was being sent out by the exchange was misleading. In October '09 they unbundled the orders and the orders coming across the T&S window are the actual individual orders as they go through the exchange.


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  #47 (permalink)
LloydH
Manchester
 
Posts: 31 since Feb 2010
Thanks Given: 0
Thanks Received: 13

The reason I spent so much effort trying to expose SOT & JJ is because I have the truth on my side and I know it is only a matter of time before more and more people join me, the end result for JJ is inevitable. Please review the latest comments posted on this thread : United Business Servicing - www.schooloftrade.com (SOT) & Joseph James

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  #48 (permalink)
 jsengxx 
POrtugal
 
Posts: 52 since Nov 2009


tickvix View Post
I agree with you. I have been on one room now for more then 10 months. In my room moderator trading in SIM and we all know that she is trading in SIM.
We also know every rule of the trade since every rule is posted on her website.
She also now posting her trading rules on the screen so everyone can follow where and how she is trading. We can also see her DOM as she is placing her orders and taking her targets, or taking stop losses.
There are very many trading rooms on the net, but this is the only one where I could truly follow and that helped me to improve on my trading.
I think I have posted the name of the room before, but if anyone in need of the info please let me know would be glad to provide.

Thank you
Gregory


Gregory,
Can you tel me what the site is for that live trading room?

Thanks,
Joćo Soares

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  #49 (permalink)
azjeff
Los Angeles California
 
Posts: 6 since Jul 2010
Thanks Given: 5
Thanks Received: 1

Hello tickvix,

Would you mind passing on the name of that room as some people like myself have not made enough posts to pm you.

Regards,
Jeff


tickvix View Post
I agree with you. I have been on one room now for more then 10 months. In my room moderator trading in SIM and we all know that she is trading in SIM.
We also know every rule of the trade since every rule is posted on her website.
She also now posting her trading rules on the screen so everyone can follow where and how she is trading. We can also see her DOM as she is placing her orders and taking her targets, or taking stop losses.
There are very many trading rooms on the net, but this is the only one where I could truly follow and that helped me to improve on my trading.
I think I have posted the name of the room before, but if anyone in need of the info please let me know would be glad to provide.

Thank you
Gregory


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  #50 (permalink)
MadTr8r
Chicago
 
Posts: 12 since Dec 2010
Thanks Given: 6
Thanks Received: 3


It should be really simple for anyone willing to invest alot of money for training, your teacher should be willing to show you his actual brokerage statements and live trading DOM not an excel spreadsheet that anyone can make it really is that simple! JJ does not show either and when asked simply says he can't do it, no explanation other than why should he. That tells me all I need to know, dont spend a dime there are plenty of legitimate traders who sell training and show their live accounts thats the way to go.

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