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My Investtosuccess.com Experience


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My Investtosuccess.com Experience

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  #1 (permalink)
 tolico 
Medford Oregon/United States
 
Experience: Beginner
Platform: Ninja Trader
Trading: CL
 
Posts: 4 since Dec 2013
Thanks: 0 given, 1 received

I just thought I should share my personal experience with Investtosuccess.com.

Back around October 2013 I got some info on a course called Time Trader by John Ondercin. I watched the sales pitches and it seemed like a good course for a fairly new trader like myself.

Well it had a price of $2400 but it had a 4 month payment option too so I jumped in and started the course with the first payment.

I also joined his 20-tick trading room to learn as well. First I have to say the 20-tick trading room is a joke. I have been in several trading rooms and the moderators were always there for at least 3 hrs showing multiple trades. In this room John Ondercin pops in at about 5:50am pacific time, does the 9am eastern oil trade and then maybe one more trade and then he is gone. That means he is there for maybe 30 at the very most. Pretty much a useless trading room for sure!

Now about the course. The main time trade that he shows and also does in his trading room is the 9am oil trade. I tested about 100 trades using the market replay option in Ninja Trader and did fairly good. So I opened a live account and started some real trading. Needless to say this was a bad idea.

He teaches multiple time trades throughout the morning so I tried several of them as well. The only trade that shows any real promise (or that produced any real profits for me) is the 9am eastern oil trade. After about 2 weeks of trying several time trades I had lost about $1000 and decided it was enough.

The sales page for time trader says 100% satisfaction guaranteed! That is a joke too. I asked for a refund after making the second payment on the course but they denied my request.

I had been through the entire course and found that it is not nearly the training I had hoped it would be. It is simply a "Shot in the Dark" trading system. There is no real reason for entering and exiting your trades with this course. If you are the type of person who likes to drop $100 at the roulette table and let it ride then maybe this course is for you, but that is not me.

The only real value I got for my investment was some good Ninja Trader training that I could have gotten for free on Youtube.

So to make a long story longer I would NOT RECOMMEND this course to anyone.

As many traders have learned psychology is very important and this course is the most stressful attempt at trading I have ever seen. Once you have entered the trades you simply never have a real clue of what direction the market is going to go. You just have to enter and hope for the best.

I also was annoyed that I started getting emails from them trying to sell me on many other info products related to options and other trading things. It really seems to me that these guys simply make their money from info sales and not real trading profits.

Do yourself a favor and learn a real trading methodology from a proven trainer. Avoid this course!

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  #3 (permalink)
 Tasker_182 
Cedar Rapids, iowa
 
Experience: Intermediate
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Thanks for your well written evaluation. It is good to read a review that is written without the normal emotional drivel that distorts the viewpoint. Sorry that you had to have the experience and cost and appreciate your warning to others.

Note: I think this thread should be put under Vendors reviews.

"Money is better than poverty, if only for financial reasons." - Woody Allen
 
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  #4 (permalink)
 tolico 
Medford Oregon/United States
 
Experience: Beginner
Platform: Ninja Trader
Trading: CL
 
Posts: 4 since Dec 2013
Thanks: 0 given, 1 received

Thank you for your response to my post.
I agree that it should be in the vendor review area but the system would not let me post there since I am a new member of this forum.
Maybe in the future this will get moved there, we'll see.

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 Big Mike 
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