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mastersoftrading.com - Stay away at all costs


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mastersoftrading.com - Stay away at all costs

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  #1 (permalink)
 Shredder 
Winnipeg Canada
 
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Hi everyone,

I just attended the OTC event presented by Masters of Trading ( Master of Trading ) and I wanted to warn any fellow members of this site and his offer.. I was pretty excited to attend the OTC webinar after reading the summary, which sounded almost too good to be true, but wanted to check it out anyways.. But to my surprise (or maybe lack of ) this was a previous presenter using another new business name.. His name is Mark Katzenberger, but he won't mention that, he only calls himself "lead trader" and his previous company names are XMAtrading.com, Bouncetrade.com, SuperScalpTrading.com, and EZProTrading.com ..None of those sites exist anymore.. I gave him money back in the EZProTrading.com and BounceTrade.com days. And have since seen him go on to have a couple more "scam" sites. The XMATrading.com site was his last venture and he was promoting it through a OTC webinar just a few months ago, and upon membership purchase it was supposed to include another lifetime membership, however that site no longer exists either.. Also his performance pages that he provides just prior to these webinars have some pretty high numbers, but that all changes after he sells more packages to unsuspecting buyers. The numbers/results page will quickly change and seem to stop being updated after just a couple weeks.. His current Masters Of Trading site is boasting some pretty big results, but I'm sure that will quickly change as it has previously.. I asked him a few questions today, but he avoided answering anything about xmatrading.com , and anything about the money back guarantee specifics was also avoided.

You can also search Big Mike Trading for a review of Bouncetrade.com which was one of his previous businesses( that again no longer exists).. Also on ripoffreport.com there is a complaint filed about his ezprotrading.com business.

I always come here to read reviews on vendors and services, and the reviews are always helpful.. And I just wanted to do my part and warn any fellow members about this one, and hope that no one else gets suckered into another one of his ventures.. "Buyer Beware" is very applicable here.


Thank you,

Shredder

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  #3 (permalink)
 estrade 
Austin/TX
 
Experience: Advanced
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Big webinar today...

anyone else from the current room.. I was about to join.. but looking for more comments...

His posts for the last 2 months are very excellent! So I'm not sure what to think but to give it a shot.

Anybody currently in this trading room?

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  #4 (permalink)
 Big Mike 
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Given your experience, you should be reporting everything to the CFTC.

Also, how did you pay him? That information could be used to file a suit

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  #5 (permalink)
 rptrader 
MN
 
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I agree 100% with Shredder. I knew it was the same guy the second I heard his voice. I purchased his system a year ago because there was a guaranteed refund if the system didn't make money. The system did not make money, it actually lost a lot, and he never issued my refund. I paid through Paypal but it was after their 45 day window so I couldn't file a claim with them.

Stay away at all costs!!! I have the emails going back and forth about him saying he would issue a refund then coming up with excuse after excuse. So he let me try his new "system" for free. Same thing. I also know others who purchased the old systems and lost a lot of money.

It's the same guy. Same exact 4 markets, same promises of trading for an hour and being done. None of it is real. Feel free to PM me if you have any questions.

rptrader

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  #6 (permalink)
 nquisitive 
Greenville SC/USA
 
Experience: Beginner
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Trading: Currency Futures
 
Posts: 6 since Oct 2014
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There is a youtube video presented by Ninja from EZProtrading.com with the presenter identified as Mark Katzenberg by the Ninja rep. This presenter definitely did the mastersoftrading webinar yesterday. The voice is unmistakeable.

I spent some time digging through youtube videos for XMAtrading.com, Bouncetrade.com, SuperScalpTrading.com, and EZProTrading.com. I heard two voices in them, one was Mark Katzenberg and the other was the same person who did the two mastersoftrading youtube videos purported to demonstrate trades from March 2015.

Many thanks to Shredder and RPtrader for helping others who are trying to do their due diligence.

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  #7 (permalink)
 Big Mike 
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Make sure you also file grievances with @NinjaTrader since that is how they are bringing in new customers.

Mike

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  #8 (permalink)
 rptrader 
MN
 
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Big Mike View Post
Make sure you also file grievances with @NinjaTrader since that is how they are bringing in new customers.

Mike

Will do. Thanks @Big_Mike!

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  #9 (permalink)
 estrade 
Austin/TX
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
Posts: 48 since Jun 2010
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Masters Of Trading

Hi, I'm still looking for someone in the room the last two days since the seminar.

they posted
March 26th, 2015
Slow day again but had two small runners. 4 Trades 1 loss. HG +29 Ticks, ES +21 Ticks, GC +20 Ticks. Net Gains +61 Ticks.

March 25th, 2015
Not much movement today. No big runners. 9 Trades 1 loss. GC +34 Ticks, ES +23 Ticks, CL +3 Ticks and HG N/T. Net Gain +60 Ticks.


This is unheard of in the industry. I'd like to get a current update. I do understand all of the old systems and video's.
But I want to know what is going on live. They will not do a trial, no matter what which is a concern.
Why can't they just do one day on MUTE, and not teach. So we can see the DOM and statement.
Who wouldn't pay $1000 and $300/mo after 60 days.

The only other red flag is that today is the last day for the "deal" as said before!

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  #10 (permalink)
 Big Mike 
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Mike

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  #11 (permalink)
 billsingh 
San jose
 
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wow....lot at their money back guarantee like shredder had..... I am not affiliate with them but I will love to check them out if the guarantee stands

MONEY BACK GUARANTEE

If our Pro Trading Codes results (updated daily) DO NOT produce profits of 100% in excess of the purchase price trading ES, GC, CL and HG between the hours of 8 am ET until 11 am ET within 30 days from date of purchase we will provide a FULL Refund.

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  #12 (permalink)
 nquisitive 
Greenville SC/USA
 
Experience: Beginner
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Trading: Currency Futures
 
Posts: 6 since Oct 2014
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I'm just a new trader and all of you guys have experience far beyond mine, so please explain what I'm missing here.

I went to the mastersoftrading OTC webinar and thought their system sounded great. Would love something like that with a lot of hand-holding for a while that makes great profits consistently. "80% successful" they said.

But when I checked them out, I came here as part of my research. On this thread I found that two members who also attended the webinar were able to identify the speaker as Mark Katzenberger. I found a Ninjatrader series youtube video introducing the presenter as Mark Katzenberger. He WAS also the presenter of the mastersoftrading webinar, I can verify that myself.

So, I googled Mark Katzenberger and there's plenty of info. None of it good.

For me, the case was closed. Mark Katzenberger in the past has promised what he can't deliver. Mark Katzenberger in the past has failed to honor his money back guarantee. Mark Katzenberger is mastersoftrading.

Since past behavior is the best predictor of future behavior, mastersoftrading therefore can be predicted NOT to deliver on its performance promises and NOT honor its money back guarantee.

But this is only the analysis of a beginner. I need to understand the perspective of the advanced traders who still think this even might be a good way to spend $1000. I've just been feeling quite fortunate that Shredder and rptrader came forward quickly with their experiences to spare others the same fate.

What did I miss?

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  #13 (permalink)
 rocksolid68 
Duluth MN
 
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In this humble traders opinion - spend the $99 here for Mike's membership (if you haven't already) and keep your other $901 for a rainy day.

Everything you need to know exists on this forum and/or otherwise will be learned through trial and error.

Best of luck to you.

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  #14 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,002 since Jul 2012
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nquisitive View Post
I'm just a new trader and all of you guys have experience far beyond mine, so please explain what I'm missing here.

I went to the mastersoftrading OTC webinar and thought their system sounded great. Would love something like that with a lot of hand-holding for a while that makes great profits consistently. "80% successful" they said.

But when I checked them out, I came here as part of my research. On this thread I found that two members who also attended the webinar were able to identify the speaker as Mark Katzenberger. I found a Ninjatrader series youtube video introducing the presenter as Mark Katzenberger. He WAS also the presenter of the mastersoftrading webinar, I can verify that myself.

So, I googled Mark Katzenberger and there's plenty of info. None of it good.

For me, the case was closed. Mark Katzenberger in the past has promised what he can't deliver. Mark Katzenberger in the past has failed to honor his money back guarantee. Mark Katzenberger is mastersoftrading.

Since past behavior is the best predictor of future behavior, mastersoftrading therefore can be predicted NOT to deliver on its performance promises and NOT honor its money back guarantee.

But this is only the analysis of a beginner. I need to understand the perspective of the advanced traders who still think this even might be a good way to spend $1000. I've just been feeling quite fortunate that Shredder and rptrader came forward quickly with their experiences to spare others the same fate.

What did I miss?


Be skeptical of EVERYONE selling any kind of trader education. Google them, look for independent reviews, etc. Don't be seduced by glamorous looking equity curves. You did all that - that is great!

The fact is probably 90% of stuff for sale out there is junk. Maybe it is even 95% or 99%. Lots of wannabe or failed traders have found out that selling the gold mining supplies is a lot easier than actually mining for the gold.

So what did you miss? I don't think you missed anything, although you probably are still asking yourself "how do I figure out this trading game?"

My advice would be to get all the information you can, while spending as little money as possible. Read thru futures.io (formerly BMT), and if you find value there, sign up for Elite membership (where there is plenty more value). Read as many books on trading as you can - you can probably borrow most from the local library. Keep an open mind, and soon enough you will:

1. Be able to distinguish between absolute garbage and what might be possibly good info
2. Find what you like, and what you don't like, in trading (styles, general methods)
3. Possibly find a trusted mentor for further work, or maybe you'll decide to go it alone (that was what I did, and many others do).

After that phase, you can focus on what excites you (chart reading, discretionary trading, mechanical trading, long-term, short term, futures, options, ETFs, stocks, etc.).

Next, either seek out mentors in your desired area, or gather all the information you can on that area, and work at creating an edge - a way to win long term. Without an edge, nothing else matters. Then, start trading small with real money. Don't waste too much time on a simulator - the benefits of sim trading are small and fleeting. Refine your method. Work on your psychology. Repeat ad infinitum and you'll slowly get better.

Good Luck!

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  #15 (permalink)
 zxxaxz 
Springfield
 
Experience: Intermediate
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Master of Trading has this message now "Sorry, Master of Trading is unavailable at the moment while we are testing some functionality.

We will be back soon..."

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  #16 (permalink)
 billsingh 
San jose
 
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zxxaxz View Post
Master of Trading has this message now "Sorry, Master of Trading is unavailable at the moment while we are testing some functionality.

We will be back soon..."


Seems like you have the wrong URL Masters Of Trading

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  #17 (permalink)
 US Bond Trader 
Chicago, Il
 
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I really don't understand how people can sign up to sites like that? I mean what makes one do that? The webinar? His website? I could understand if it was like $9, but it is $997? yikes?

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  #18 (permalink)
 estrade 
Austin/TX
 
Experience: Advanced
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I asked to see the webinar,, they sent me a link.

I asked for a free trial - Absolutely not!

I asked to only see the room for the morning (and explained the benefits of a trial,, even if they don't speak!) so that I can pay them today!!!
Absolutely no response!

Bad sign to never respond back to my simple friendly email. I'm staying away at this point after doing my homework. UNTIL they prove a statements or any stability.

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  #19 (permalink)
 zxxaxz 
Springfield
 
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Platform: Ninjatrader, TOS
Trading: eMicros
 
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Posts: 126 since Sep 2009
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"We DO NOT provide free Trial access to the trade room. The reason is, we have no crazy proprietary indicators, magic 10 key systems, complicated entry techniques or multiple order flow analysis using multi time frames. We use the lost art of chart analysis which is explained everyday in the trade room and once you hear it you know exactly what the profitable trading technique codes are"

You don't want him to give away his secret code do you?

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  #20 (permalink)
Bullzeye
Portland OR/ Multnomah
 
 
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US Bond Trader View Post
I really don't understand how people can sign up to sites like that? I mean what makes one do that? The webinar? His website? I could understand if it was like $9, but it is $997? yikes?

There is a market for whatever a swindler has the cojones to sell...

A married couple in Florida, Tito and Amanda Watts, were arrested a few days ago for selling “golden tickets to heaven” to hundreds of people.

They sold the tickets on the street for $99.99 per ticket, told buyers the tickets were made from solid gold, and that each ticket reserved the buyer a spot in heaven — simply present the ticket at the pearly gates and you’re in.

Tito Watts said in his police statement: "I don’t care what the police say. The tickets are solid gold… And it was Jesus who give them to me behind the KFC and said to sell them so I could get me some money to go to outer space. I met an alien named Stevie who said if I got the cash together he’d take me and my wife on his flying saucer to his planet that’s made entirely of drugs. You should arrest Jesus because he’s the one that gave me the golden tickets and said to sell them. I’m willing to wear a wire and set Jesus up...."

Amanda Watts said in her police statement:" "We just wanted to leave earth and go to space and do drugs. I didn’t do nothing. Tito sold the golden tickets to heaven. I just watched."

Police said they confiscated over $10,000 in cash, drug paraphernalia, and a baby alligator.

https://www.facebook.com/photo.php?fbid=10152900959623925&set=a.414538113924.190117.557793924&type=1&fref=nf

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