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Academy Day Trading (Todd Rampe) www.academydaytrading.com review
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Academy Day Trading (Todd Rampe) www.academydaytrading.com review

  #11 (permalink)
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stevemuch View Post
Anyone interested in starting a free room trading futures and everyone put in what they have learned or what works or does not work for them. I am not paying thousands for these sites that claim they have developed special software and take your hare earned money.

You're already here my friend.

Drink deep and drain your cup to its dregs.....

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #12 (permalink)
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nolanjt2 View Post
Well, I had a judgement lapse and paid the $2000 to get into the Pro9 Elite group and have been sorry ever since. Todd has refused to give me my money back, I guess I am just another sucker that failed to use good judgement. In his sales pitch I don't recall him ever saying that they do not trade live with their system. They follow several different futures contracts including oil, EMD, NQ, TF and others. They show tantalizing results, but they look at charts of the entire field of 6 or so commodities that they are following and then pick the best one to say, see how much money you could have made following our rules. The problem is picking the right commodity to trade for that day. If one could always pick the right one, there would be money to be made. Unfortunately this is much harder in real time than it is after the fact. I would suggest staying away from Academy Day Trading and their expensive system. It will take me a few Social Security checks to cover this one along with my living expenses. Trying to trade their system with a small account just hasn't worked for me.

I believe that PA is probably the best thing and if one can stay on top of that, it will work and doesn't require the $2000 outlay.

Once again, my advice is to stay far away from Todd Rampe (Academy Day Trading).

I said this before and I will say it again. In the NBA an advantage is height. As a NFL lineman it's being 300lbs. As a ballerina it's being 100lbs. In gymnastics a shorter stature has an advantage. In the trading business a large account is a huge advantage!

With a small account trade FOREX!!!!!!!!!!!! Worry about futures later. Open a FOREX account today. A $75 stop is a huge range with a micro lot! If you don't know what I'm talking about ....well at least you now know what to study.

There is no magic system or magic software! IT IS A BUSINESS. Develop a BUSINESS sense. Tis why most small businesses fail. Most people do not understand simple business practices.

Would you buy a regular cup of coffee for $25? Of course not. But you should sell one for that. ...Why am I saying this????????????????????????

Ron

It is an axiomatic fact that while you meditate you are speaking with your own spirit. In that state of mind you put certain questions to your spirit and the spirit answers: the light breaks forth and the reality is revealed.
The steed of this Valley is pain; and if there be no pain this journey will never end.
Buy Low And Sell High (read left to right or right to left....lol)
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  #13 (permalink)
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Blash View Post
You're already here my friend.

Ron



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  #14 (permalink)
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They are associated with Steve DeWitt, perhaps this fact can help to stay away. Even though I don't understand how could anyone consider them seriously.

https://tradingschools.org/reviews/smart-money-room/
https://smartmoneyroom.com

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  #15 (permalink)
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A day later Steve DeWitt was replaced by Scott Dahlquist

https://smartmoneyroom.com/bio/

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  #16 (permalink)
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okc
 
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Same as Nolan

I did a trial during which I made a lot of "sim money". You will need those kind of days, because you can easily lose $2K in one day following their trade plan with huge stops (22tics) and relatively small targets (6-8 tics plus a runner). You will have to have a huge account to trade this thing.

Their "recaps' prove they don't actually trade their system. There are many big winners they claim that were either small winners or losers in actual trading. When I pointed that out, they said "recaps are not meant to show what you would have made, just to show the setups".

These guys are just salesman, not traders. They are outstanding salesmen with a lousy trading system.

They fired DeWitt because he wouldn't trade their system as advertised. The new guy, Scott, is a nice guy, but the system is not holding up when traded as instructed by Todd, so he has been given permission to put his own spin on it. Seems like the guy who claims to have traded this thing for 7 years would know what works by now.

In any event, save your money. Don't buy this thing.

BTW, another reason not to trust these guys. They will not allow people to post phone numbers or email addresses. Only reason has to be they don't want us suckers to get together and find out it isn't working for anybody else


Last edited by deanoky; November 28th, 2016 at 07:22 PM. Reason: Forgot something
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  #17 (permalink)
Trading for Profit
Atlanta GA USA
 
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Platform: thinkorswim/Ninja Trader
Favorite Futures: stock options; ES, TF, 6E, 6J
 
Posts: 208 since Aug 2013
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Todd started a trading room himself in around August or September of 2013. I had gotten promotional emails, and of course he had 'evidence' of his successful trading, and it looked pretty good (this was still before I realized that 99.9999% of rooms are scams). I believe I signed up for $500 a month.

To make a long story short, Todd sucked at trading. His trades in the room were the total opposite of the results he had posted in his promotional materials (go figure). I would be sitting there talking to my trading partner, and Todd would put in an order for a trade, and I'd be saying to them, 'based on price action alone, I wouldn't go short here. I'd do just the opposite'. And sure enough, Todd's trade would be bad. The room didn't last too long.

Anyway, the guy is a con, plain and simple. I looked into the new software knowing this, just because you know how us traders are. As someone said in another review, he cherry picks the markets. At the end of the trading day, they just look back over their software and found what market their software would have been successful and and then send you an email of what you could have made in that market that day.

There were some reviews of the room I was in posted on the Ripoff Report site, and they were right on. Todd came in attacking accusing them of being other vendors, etc, but they weren't. The reviews were spot on. If you Google his name, the Ripoff Report is the first thing that comes up. Trust me, everything said in these reviews are true.

Just stay away.

Ripoff Report | Todd Rampe - Day Trading Advice Complaint Review Las Vegas, Nevada: 1124061

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