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www.theoilmoney.com and www.eminipivottrading.com


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www.theoilmoney.com and www.eminipivottrading.com

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  #1 (permalink)
 futurestrader1 
New York City, USA
 
Experience: Advanced
Platform: NinjaTrader
Trading: ES, CL, 6E
 
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Posts: 149 since Jun 2010
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Hello, I was looking at the NinjaTrader partners page on the education section and didn't see guys these until today.

The Oil Money : Watch Video and EMini Trading System, High Win Rate, No Indicators

The first looks rather cheesy with no statistics but only promises, while the latter shows a reasonable basis for profits. Does anyone have any insight on these?


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  #3 (permalink)
 creasy 
Cleveland, OH
 
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Looks rather shady.
You would think, if it were so good they would invest some of the amazing profits into upgrading the website.

ι ηεvεя sεε ωнαт нαs вεεη ∂σηε; ι σηℓү sεε ωнαт яεмαιηs тσ вε ∂σηε.
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  #4 (permalink)
 mbhsi 
Colorado Springs
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Oil
 
Posts: 9 since Apr 2011
Thanks: 11 given, 5 received


futurestrader1 View Post
Hello, I was looking at the NinjaTrader partners page on the education section and didn't see guys these until today.

The first looks rather cheesy with no statistics but only promises, while the latter shows a reasonable basis for profits. Does anyone have any insight on these?


Funny, the oil money website spells members wrong: memebers area

don't know if that is a flag on their services but you would think that they would be more careful about what they present to the public

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  #5 (permalink)
 mbhsi 
Colorado Springs
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Oil
 
Posts: 9 since Apr 2011
Thanks: 11 given, 5 received

on the other hand, the cost for the oil room is inexpensive and does have a 30 day money back deal. i might try it out and will post my experiences with it.

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  #6 (permalink)
 tdmtrader 
Jacksonville FL
 
Experience: Master
Platform: NinjaTrader
Trading: ES, Currency Futures, Stocks
 
Posts: 8 since Mar 2011
Thanks: 12 given, 5 received

The Oil Money site is a joke....

The "SX3 Protocol" is just Scott bracketing CL with buy and sell stops then hitting the close button almost immediately after getting filled to make 1-10 ticks. He also trades in simulation mode so he lets losers run until they get profitable for screenshots.

He also has some new strategy where he waits for the first minute after 9am est and whichever way that bar goes, he fades the market and goes the opposite way. For instance, the 9:00 EST bar is an up bar, he shorts at 9:01... if it's a down bar, he goes long.

Also, has some guy named Greg that is slightly more advanced and does the same thing, brackets Oil on news events and has an ATM strategy to trail by 5 ticks.

Oh, and also there is some marketing scheme where you do affiliate marketing and get commission. Here's an excerpt from an email:

Quoting 
So, I decided the best way to do that is to bribe existing members to get out there
and spread the word. So here is my proposal.
In addition to the 60% commission you get as an affiliate to The Oil Money, you
will also get one free month of membership for every new member that signs on
in the month of June and July.
This means every new member is worth $75.20 with a recurring $28.20 each month
thereafter as long as they stay in the program.

So in summary... all he does is bracket the market and scalp 1-10 ticks. Don't waste your money. Nothing special here.

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  #7 (permalink)
 researcher247 
Chicago, IL
 
Experience: Advanced
 
Posts: 426 since Oct 2009
Thanks: 260 given, 751 received

Agree with last poster.

Succinctly put.

I downloaded some of his videos; wow--just wow.

But his smooth voice and verbal mannerisms will help the affiliate program.

All he has to do now is setup webinars or teleconferences and have his 'shills' do the testimonies and there it is; a day's pay.

peace

r247

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  #8 (permalink)
sidney7g
Philadelphia
 
 
Posts: 114 since Jun 2011
Thanks: 33 given, 26 received

I hate get rich quick trading schemes, It takes the art out of trading. Someone trying to sell you a system is ludicrous considering if they really made a lot of money with it why need to sell it. Good systems should be kept private and only told to the deserving. but hey, if it adds more liquidity to the market so be it.

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  #9 (permalink)
 superpete 
Montreal, Quebec
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Optimus Trading Group/Rithmic
Trading: CL
 
Posts: 69 since Oct 2009
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Since they were offering 1 month for 5 dollars, I couldn't help but register just to see what it was all about... Well people are going to get poor fast. Although bracketing seems like a good idea when you don't want to make a responsible choice about the market going up or down...

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  #10 (permalink)
 markw 
California
 
Experience: Intermediate
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Broker: zen,dtn
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Got this email from the Oil Money Trading for JOBB(Joe Bracket Breakout)trading the news. I guess this guy is one of there students. What surprised me was that he showed his p&l and broker statement for Q1.

JOBB Memorial Weekend Special

JOBB:Emoney Q-1 Results 2013: Part 1 of 2 - YouTube
JOBB:Emoney Q-1 Results 2013: Part 2 of 2 - YouTube



Is this for real?

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  #11 (permalink)
 Cloudy 
desert CA
 
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sidney7g View Post
I hate get rich quick trading schemes, It takes the art out of trading. Someone trying to sell you a system is ludicrous considering if they really made a lot of money with it why need to sell it. Good systems should be kept private and only told to the deserving. but hey, if it adds more liquidity to the market so be it.

was checking if oiltradingacademy channel on youtube was still gone which thankfully it was, and
found "theoilmoney" which popped up.

I went to the theoilmoney.com and immediately saw the ludicrous, amusing marketing video and the dubious link to "click here" no doubt to get one signed up to affiliate marketing ad signups. sad.

https://theoilmoney.com/

Anyways, looks old and retaking the OTA vacant space now on youtube.

edit: here's the (few amusing minutes of a Sun. afternoon) youtube video:

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  #12 (permalink)
 Kujo 
Boise, ID USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: oil
 
Posts: 45 since Nov 2010
Thanks: 44 given, 103 received

Scott is a marketing guy that puts a lot of videos together and lots of marketing lingo in trying to sell everything from memberships, to software packages, to 1 time only coaching etc. He is formerly a marketing guru peddling real estate investing which he will tell you he made millions and then eventually lost it all. I think he actually briefly explains that in a video and you can find his old company online and some not too happy clients with him... Anyway... It is online stuff and you can't always tell what the real story is so will leave it at that.

Somehow, he stumbled onto trading, and trading oil specifically, though I think he may do other stuff on occasion in his latest version of what he is up to. When he first started theoilmoney, it was to get as big of an audience as possible and then eventually convert them to paying more and more money for products and services which is typical of an internet marketer, or any marketer. If you see his early stuff, it is apparent he had no idea what he was doing. However, eventually he latched onto a guy that actually does seem to have strong knowledge of the markets as far as technical analysis and so forth and Scott has since focused ALL if his efforts in promoting Aldo and his talents.

Aldo LaGrutta is a world class guitarist that seems to have worked hard to understand trading the markets in recent years. I have followed what has been going on since Scott hooked up with Aldo and what has happened is they have gone from running various marketing seminars and videos to push everything from packaged video training, to selling someone else's software, back to general video training, to I believe leasing their indicators (look like anything else you can find here for the most part) and paying a monthly fee to be in their room where general discussion goes on with general market comments, and now he is offering a ONE TIME ONLY personal coaching for 6 months for those willing to pay a chunk of change for it. I don't know how much but I am sure it isn't cheap.

The last update I got, which was today, basically says Aldo is going back on the road to do concerts after this ONE TIME ONLY personal coaching offer so folks need to GET IN ON IT. If I had to guess, I don't think this is taking off as they hoped it would as the content just isn't there to justify what they want to charge etc. It is a hard market to break into and make money as far as selling subscriptions or software etc. I think you have to be a VERY strong personality and marketer and I am not sure Scott and Aldo fit the bill.

Personally, I think Aldo does decent job of understanding trading and technical analysis. I would say, from what I have observed, he has about 50 different things he will teach you from patterns, ABC123 analysis, EMAs, RSI, divergence, some MACD, maybe FIBS and a number of other aspects of trading. It is A LOT of stuff and like anything, so much stuff can be overwhelming AND, the information can be ALL be derived here, on futures.io (formerly BMT). Of course, the difficulty with futures.io (formerly BMT) is thousands and thousands of pages of information to have to sort through but futures.io (formerly BMT) also has videos from various trading gurus which is VERY helpful etc.

At the end of the day, Scott is trying REALLY hard to use his marketing background to make a nice living peddling Aldo as well as a few others over time and I WILL say what he is peddling NOW is FAR different than when he first started which was a joke. So I WILL give him that.

If you have ANY experience trading and a good knowledge of various kinds of technical analysis, you probably would learn little. If you are NEW, I am sure you would learn a lot. The question is the cost of what it would take to learn it.

Also, it is my understanding he does NOT call out trades in the trade room... Just general analysis and observations. Like oiltradingacademy, Scott DOES use the technique of occasionally showing an after the fact trade and shows it in a video to impress upon you how easy it is but of course, it is after the fact and it isn't very often, which is like everyone else does.

If you want to pay for something, I don't think this is a bad thing and if I am not mistaken, and this could have changed, he might let you in the room for a week or two for free. I am not sure if he changed that or not. He may have.

Anyway, all of his stuff is now under:

eVolution Trading Protocols |

I thought I would let you know in all fairness a lot has changed over time with Scott Morris and what he is doing and I think Aldo is pretty sharp but it is up to you whether you think it would serve you. Scott is just a marketer and I actually think he would admit that if asked.

For me, it is nothing new BUT I have been learning for a few years now so like so many of you here, there is RARELY anything new someone is peddling.

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  #13 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
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Thanks Kujo. That update was very informative and up to date. If Scott Morris' story is true about losing his real estate empire in the 2007-8 crash I can somewhat sympathize because I know of a friend whose father lost a billion in today's dollars total in real estate(mid 20th century) in a bad big project deal who died soon after heartbroken.

I know little about classical guitarists although I have a little background in classical, but I respect that they are highly skilled performers in the traditional acoustic guitar way. Would be a shame if Aldo is famous and world class musically talented yet involved in something that is truly a scam (if it is).

I see what you mean about the common NT looking indicators. In the quick intro video, there is a flash of instructions where one is supposed to "follow to the letter" where for a moment says buy/sell on this blue/yellow dot or something. A lot more evolved than the old theoilmoney.com videos. Now there is talk of discipline and precision etc.
I agree the old youtube videos look like a joke

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  #14 (permalink)
 WilleeMac 
Prospect, KY. USA
 
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
 
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Posts: 687 since Jan 2012
Thanks: 309 given, 614 received

Here's his latest gig

Joint Venture ? iSCALPER

Attended a webinar today

It was so so, I'm not interested

-Bill

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  #15 (permalink)
 Kujo 
Boise, ID USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: oil
 
Posts: 45 since Nov 2010
Thanks: 44 given, 103 received


WilleeMac View Post
Here's his latest gig

Joint Venture ? iSCALPER

Attended a webinar today

It was so so, I'm not interested

-Bill


He has touted so many products now he is like just an infomercial guy touting whatever he thinks he can make money on. His last email is touting investing in actual previously producing oil wells! What will be next?

-----Original Message-----
From: theoilmoney@getresponse.com [mailto:theoilmoney@getresponse.com] On Behalf Of The Oil Money
Sent: Friday, January 09, 2015 12:01 PM
To: xxxxxxxxxxxxxxx
Subject: In every Bust there is a Boom $$$$

This Yahoo article below that just came out today spells out exactly why the projects available through EnergyFunders.com are so awesome.

Energy Funders doesn't mess with "drilling"
or "exploration", only existing "producing" wells.

So, as oil prices remain low, more over extended producers will go broke leaving more superb opportunities for us to scoop up an get rich on.

Even at $40 a barrel we are profitable with the deals at Energy Funders.

Read this article and open your eyes, and get the information you need to join the fun.

Call Casey now at xxxxxxxxxxx or hit the web site at https://www.energyfunders.com/ and get registered.

A year from now I will be getting regular checks from my oil investments, will you join me?

Scott

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  #16 (permalink)
 WilleeMac 
Prospect, KY. USA
 
Experience: None
Platform: Sierra Chart
Broker: Infinity
Trading: /CL
 
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Posts: 687 since Jan 2012
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@Kujo

Thank you

++++++++++++++++++++++++++++++++++++++++

This is not directed at you

"Even at $40 a barrel we are profitable with the deals at Energy Funders."

#ICALLBS

-Bill

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  #17 (permalink)
 SirNicolaus 
Rochester, NY, United States
 
Experience: Intermediate
Platform: NinjaTrader
Trading: Futures
 
Posts: 6 since Dec 2012
Thanks: 8 given, 0 received

His "Newest" indicator is pivot scalper... Looks interesting to say the least... here is a screen shot from his page

not sure what that bottom indicator is... i hate not knowing how things work... black box etc

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  #18 (permalink)
 cory 
the coin hunter
virginia
 
Experience: Intermediate
Platform: ninja
Trading: NQ
 
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SirNicolaus View Post
...

not sure what that bottom indicator is... i hate not knowing how things work... black box etc

stealing ideas, look and coding from here, no doubt.

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  #19 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
 
Posts: 764 since Apr 2010
Thanks: 3,793 given, 736 received

Guys i used the oil money pivot scalper and its a scam ...Not sure how Ninja Trader allows such products to be associated with them.

It is nothing but a simple HL and LH indicator...your losses will be huge. Dont trust Scott as he will promise you everything but never do anything. He is a failed trader who takes videos in hotel lobbies and pretend that he is sitting at his home...

His system is useless and no different to any other snake-oil salesman trying to take money off poor traders..Run away as fast as you can...Scott ..you are a failure and will remain that way and you will continue to rip people off...that's your DNA...

Ray@ NinjaTrader you need to be more responsible in selecting your vendors....quality matters Ray and seems like you take on anyone who moves...


Sharmas

Attached is a chart and you can see the signals are not based on any Pivots.... plain old HL and LH....

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  #20 (permalink)
 Kujo 
Boise, ID USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: oil
 
Posts: 45 since Nov 2010
Thanks: 44 given, 103 received

I will give Scott this... If you have listened to him enough and been on his list, he will at least ADMIT in his words, in between all the other stuff he says, he is a professional MARKETER. Marketing in our world by definition is someone who dramatically stretches the truth to get sales for a product or service. It is the very nature of marketing. He is actually not a bad marketer and if you are not used to seeing snake oil salesman, you want to believe he is sincere in what he is doing but if you have watched him over the last several years, the product keeps changing and so do the vendors and that will only continue. Trading is a venue where desperate people will always be looking for a magic bullet and as long as people put up videos showing successes after the trading day is over, or old charts and mark them up and show what WOULD HAVE HAPPENED on this particular day on this particular instrument and make it sound like it is like that EVERY single day, there will be buyers.

There are so very few that seem transparent and would appear to be excellent traders but it seems in those cases, which are so very few, it is near impossible to follow or learn because while they say then can TEACH YOU, what they do is more arbitrary than a real method in the end.

Finally, if you are an excellent trader with a great method, the question always begs, why would you work SO HARD to sell your system? If you know where the pot of gold is, why would you work SO HARD to sell maps to show everyone else?

Anyway, he is entertaining but it is just so difficult to find real people doing REAL stuff in this business

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  #21 (permalink)
 Dionysus 
Monterey, CA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: CL
 
Posts: 80 since Jan 2014
Thanks: 28 given, 99 received

I'll try to keep this brief, as I think it'll be my first truly negative post on futures.io (formerly BMT), and one of the reasons I so love these forums is the fact that negativity is kept to such a minimum, and positivity/encouragement usually carry the day.

However, I think there is a time and place for being critical and negative, and this strikes me as the best example of that.

I had some dealings with Scott awhile back, unfortunately, through a friend that was claiming there might be some potential to his 'Oil Well' tool. This friend isn't the type to be easily drawn into hype trains or scams, and as shrewd and off-putting as the website was, as well as all I could gather from the man himself (Scott), I struggled to keep an open mind, knowing that absolutely anyone can stumble upon something of value. . and that perhaps that was the case here. Perhaps in his list of 'slop' products, he had accidentally stumbled upon something that was having reasonable success. .

My associate had documented his live trades with this tool for many months, and the data pool was growing, so I was willing to take a look. I purchased, and also contacted him, almost immediately, asking if I could get more info about what the indicator/trading-trigger was actually doing, wanting to know the actual logic behind what causes a 'trigger'. I was in the stage of testing anything and everything out there, the goal being to retain the concepts that seem to have some testable/repeatable success, and discard everything else, and thus move further down my own path in my trading career.

When I reached out to Scott, I told him a bit about my setup, my thought processes in regards to the markets, etc. Namely, that I like to exhaustively test every concept, over data pools and time periods as large as possible. . . a straight-forward, objective test, showing that 'if I had acted upon every single trigger produced, exactly according to the manner in which the site/product seems to describe, approximately how much would I earn/lose, per trade'. This approach, of course, has the benefit of stripping away all BS, and objectively and definitively measuring the strength and predictivity of the core logic itself. I had my associates excel data for his live trades stretching back almost a full year, but I wanted a far larger data pool than this. So, when I reached out, I made him this deal. . . I told him I have the means to exhaustively test his ideas, at least over the past decade, in an objective manner, and that this is all I wanted to do. If it did even better than breakeven, after slippage and commissions, I would not only refer several associates his way, but I'd post on a forum or two that I'd tried his tool, and it HAD been profitable, over a long period of time, and seems to actually work. I even tried to sweeten the deal, by saying that I would stay mum if his product proved to be unprofitable, unless asked directly, and that I'd just toss it on the scrap heap of all of the other snake oil crapshoot products, and move onward (I didn't use those words, of course, I do try to be civil!).

The way he reacted to this let me know pretty definitively that he had zero faith in his product, and I could tell he hadn't tested it, in any objective way, and didn't care to do so. . . is simply didn't matter to him. And this, in a nutshell, is Scott Morris. . and I have to say, speaking honestly, this type of individual makes my skin crawl, and it very much bothers me hearing anyone defend him by saying 'hes a marketer'. I think the translation of this sentence, in this case, is 'hes a liar, but an effective one, and willing to do so for financial gain'. I'm struggling to understand how this could possibly be tolerable, to anyone. Here is a man who knows, full well, that nothing he's selling has any substance, worth, true predictive value. . and furthermore, that he is preying on the overly trusting, and knowingly hurting them financially, sometimes to an extreme degree. . and he has done this for YEARS, and only seems to be increasing the pace (I've stayed subscribed to his email list, for the same reasons that one slows down to view a car wreck. . . I find myself sickly fascinated).

I have zero tolerance for this type, and I felt the need to voice my opinion here. . . and I sincerely hope that actions like this are never tolerated under the umbrella of 'marketing'. I don't know how unique I am in this, but I can hardly think of a more ignoble and dishonest and manipulative act than aggressively marketing products you know full well will lose money for those who purchase it. As an individual, the best I can do is keep people like this at arm's length, but I sincerely hope that someday he is prosecuted for his fraud. If this is what being in 'marketing' is like, I honestly don't know how those involved in such a pursuit can sleep soundly at night. . .

Ok, back to positive-mode I go!

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  #22 (permalink)
 sharmas 
Auckland
 
Experience: Advanced
Platform: Ninja Trader
Broker: Zen-Fire
Trading: CL and ES
 
Posts: 764 since Apr 2010
Thanks: 3,793 given, 736 received

@NinjaTrader and Ray
Wake up with some sense of respect to yourself and off course to your own company and Ray you must take this seriously as association with Scott Morris clearly shows your vetting process is flawed and you only care about how many partners you get and thus get new clients
Seriously Ray you need to front up and show true leadership here
You hurting people here with your continued association

Sharmas

Dionysus View Post
I'll try to keep this brief, as I think it'll be my first truly negative post on futures.io (formerly BMT), and one of the reasons I so love these forums is the fact that negativity is kept to such a minimum, and positivity/encouragement usually carry the day.

However, I think there is a time and place for being critical and negative, and this strikes me as the best example of that.

I had some dealings with Scott awhile back, unfortunately, through a friend that was claiming there might be some potential to his 'Oil Well' tool. This friend isn't the type to be easily drawn into hype trains or scams, and as shrewd and off-putting as the website was, as well as all I could gather from the man himself (Scott), I struggled to keep an open mind, knowing that absolutely anyone can stumble upon something of value. . and that perhaps that was the case here. Perhaps in his list of 'slop' products, he had accidentally stumbled upon something that was having reasonable success. .

My associate had documented his live trades with this tool for many months, and the data pool was growing, so I was willing to take a look. I purchased, and also contacted him, almost immediately, asking if I could get more info about what the indicator/trading-trigger was actually doing, wanting to know the actual logic behind what causes a 'trigger'. I was in the stage of testing anything and everything out there, the goal being to retain the concepts that seem to have some testable/repeatable success, and discard everything else, and thus move further down my own path in my trading career.

When I reached out to Scott, I told him a bit about my setup, my thought processes in regards to the markets, etc. Namely, that I like to exhaustively test every concept, over data pools and time periods as large as possible. . . a straight-forward, objective test, showing that 'if I had acted upon every single trigger produced, exactly according to the manner in which the site/product seems to describe, approximately how much would I earn/lose, per trade'. This approach, of course, has the benefit of stripping away all BS, and objectively and definitively measuring the strength and predictivity of the core logic itself. I had my associates excel data for his live trades stretching back almost a full year, but I wanted a far larger data pool than this. So, when I reached out, I made him this deal. . . I told him I have the means to exhaustively test his ideas, at least over the past decade, in an objective manner, and that this is all I wanted to do. If it did even better than breakeven, after slippage and commissions, I would not only refer several associates his way, but I'd post on a forum or two that I'd tried his tool, and it HAD been profitable, over a long period of time, and seems to actually work. I even tried to sweeten the deal, by saying that I would stay mum if his product proved to be unprofitable, unless asked directly, and that I'd just toss it on the scrap heap of all of the other snake oil crapshoot products, and move onward (I didn't use those words, of course, I do try to be civil!).

The way he reacted to this let me know pretty definitively that he had zero faith in his product, and I could tell he hadn't tested it, in any objective way, and didn't care to do so. . . is simply didn't matter to him. And this, in a nutshell, is Scott Morris. . and I have to say, speaking honestly, this type of individual makes my skin crawl, and it very much bothers me hearing anyone defend him by saying 'hes a marketer'. I think the translation of this sentence, in this case, is 'hes a liar, but an effective one, and willing to do so for financial gain'. I'm struggling to understand how this could possibly be tolerable, to anyone. Here is a man who knows, full well, that nothing he's selling has any substance, worth, true predictive value. . and furthermore, that he is preying on the overly trusting, and knowingly hurting them financially, sometimes to an extreme degree. . and he has done this for YEARS, and only seems to be increasing the pace (I've stayed subscribed to his email list, for the same reasons that one slows down to view a car wreck. . . I find myself sickly fascinated).

I have zero tolerance for this type, and I felt the need to voice my opinion here. . . and I sincerely hope that actions like this are never tolerated under the umbrella of 'marketing'. I don't know how unique I am in this, but I can hardly think of a more ignoble and dishonest and manipulative act than aggressively marketing products you know full well will lose money for those who purchase it. As an individual, the best I can do is keep people like this at arm's length, but I sincerely hope that someday he is prosecuted for his fraud. If this is what being in 'marketing' is like, I honestly don't know how those involved in such a pursuit can sleep soundly at night. . .

Ok, back to positive-mode I go!


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  #23 (permalink)
 Kujo 
Boise, ID USA
 
Experience: Intermediate
Platform: NinjaTrader
Trading: oil
 
Posts: 45 since Nov 2010
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Dionysus View Post
I have zero tolerance for this type, and I felt the need to voice my opinion here. . . and I sincerely hope that actions like this are never tolerated under the umbrella of 'marketing'. I don't know how unique I am in this, but I can hardly think of a more ignoble and dishonest and manipulative act than aggressively marketing products you know full well will lose money for those who purchase it. As an individual, the best I can do is keep people like this at arm's length, but I sincerely hope that someday he is prosecuted for his fraud. If this is what being in 'marketing' is like, I honestly don't know how those involved in such a pursuit can sleep soundly at night. . .

Great post. Just to be clear, when I had been ripping on this 'oilmoney' in my earlier posts, I did attempt to offer a little bit of more positive observations when he was peddling Aldo Lagrutta. As far as knowledge and education, I felt Aldo was decent but that was the only positive thing I could say about Scott. Unfortunately, Aldo is VERY low key and a very difficult guy to PUSH I think. He is not a HYPE guy so that didn't work out. He is now finding people willing to say whatever needs to be said to push product.

When I mentioned he was a 'good marketer', I meant it for everything it is worth. Unfortunately, most brilliant marketers are liars at one level or another. It is the nature of being a marketer. Whether you are grossly exaggerating the truth, omitting a great deal of very relevant information, or just outright lying, marketing is hardly a field where integrity is an ingredient. Trying to find a marketer that has integrity is like trying to find an injury or criminal attorney with real ethics. It is a myth.

Having said that, if we were to analyze the hundreds of people in this space peddling garbage, I don't think it would be an exaggeration to say over 98% are in fact garbage. The MOST successful peddlers are the best marketers, period. They make strong money peddling the 'dream'.

Scott is an excellent marketer of garbage. He is now touting live seminars he charges several thousands for in both Austin and Vegas and says he limits his class to 15. Well 15 times $4000 for example, is $60,000! Do that once a month on top of your product sales and you have a heck of a business! He even does the video testimonials from class members, during the seminar, which as far as marketing goes, is extremely effective. I admire his marketing abilities. I don't admire what he markets.

His style of marketing is stellar as far as marketing goes in this day and age as far as putting a lot of videos out there and developing mailing lists etc..

Does he trade? No! Does he care? No! do people like him rationalize why something doesn't work for 'CERTAIN PEOPLE'... ABSOLUTELY... He did the same peddling real estate seminars. That arena is every bit as scum baggery as trading is... The PROMISE OF EASY MONEY available to EVERYONE and ANYONE can do it! Who doesn't want that? This market will continue to attract a lot of EXTREMELY unethical people. It is very unfortunate but it is what it is.

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  #24 (permalink)
 Dionysus 
Monterey, CA
 
Experience: Intermediate
Platform: Ninjatrader
Trading: CL
 
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Kujo View Post
Great post. Just to be clear, when I had been ripping on this 'oilmoney' in my earlier posts, I did attempt to offer a little bit of more positive observations when he was peddling Aldo Lagrutta. As far as knowledge and education, I felt Aldo was decent but that was the only positive thing I could say about Scott. Unfortunately, Aldo is VERY low key and a very difficult guy to PUSH I think. He is not a HYPE guy so that didn't work out. He is now finding people willing to say whatever needs to be said to push product.

When I mentioned he was a 'good marketer', I meant it for everything it is worth. Unfortunately, most brilliant marketers are liars at one level or another. It is the nature of being a marketer. Whether you are grossly exaggerating the truth, omitting a great deal of very relevant information, or just outright lying, marketing is hardly a field where integrity is an ingredient. Trying to find a marketer that has integrity is like trying to find an injury or criminal attorney with real ethics. It is a myth.

Having said that, if we were to analyze the hundreds of people in this space peddling garbage, I don't think it would be an exaggeration to say over 98% are in fact garbage. The MOST successful peddlers are the best marketers, period. They make strong money peddling the 'dream'.

Scott is an excellent marketer of garbage. He is now touting live seminars he charges several thousands for in both Austin and Vegas and says he limits his class to 15. Well 15 times $4000 for example, is $60,000! Do that once a month on top of your product sales and you have a heck of a business! He even does the video testimonials from class members, during the seminar, which as far as marketing goes, is extremely effective. I admire his marketing abilities. I don't admire what he markets.

His style of marketing is stellar as far as marketing goes in this day and age as far as putting a lot of videos out there and developing mailing lists etc..

Does he trade? No! Does he care? No! do people like him rationalize why something doesn't work for 'CERTAIN PEOPLE'... ABSOLUTELY... He did the same peddling real estate seminars. That arena is every bit as scum baggery as trading is... The PROMISE OF EASY MONEY available to EVERYONE and ANYONE can do it! Who doesn't want that? This market will continue to attract a lot of EXTREMELY unethical people. It is very unfortunate but it is what it is.


Aye, certainly didn't mean to come down on you, Kujo. . you made valid points.

I do believe there are some 'marketers' out there who actually believe in their product, and have a reason to. . . bothers me that 'marketer' now seems to be a synonym of 'liar', and I think they're so often let off of the hook by saying they're merely good at what they do.

Scott is far from brilliant, in my opinion, as many of his spam marketing emails to me are long drawn out novels berating his enemies (like aldo), and seem childish and angry. . . I think the key to his success is that hes just incredibly aggressive, and absolutely shameless.

Anyyhow, I've said enough on this topic. . no more negativity from me. Just wanted to make sure you knew, Kujo, that the post wasn't meant to reflect negatively on you in the least, and I strongly agree with most of your points.

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mluka
Montréal, Canada
 
 
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It's not over yet...


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