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Vinny E-Mini & Algobox Review TRADE ROOM


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Vinny E-Mini & Algobox Review TRADE ROOM

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  #21 (permalink)
 researcher247 
Chicago, IL
 
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He's a vendor that makes money on paying subscribers.

Simple as. He's deflecting.

Sad guy in a giant room of monitors.

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  #22 (permalink)
 bobwest 
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Big Mike View Post
Wake up people. Wake up!

Sent from my phone

Don't pay someone on the internet to show you how to trade. If someone knows how to trade, they don't need your money. If they want your money, they don't know how to trade....

You're not going to find an exception to this.

Bob.

---------------

UPDATE: I should point out that, for instance, there are authors who write books that can be useful, especially to newcomers to trading. Or who even put out good information on the internet and want some (modest) payment for it.

But the basic equation still holds. It's a matter of what they promise and what they charge for it. If someone promises a huge result, they won't provide it. If they want a large payment, their advice won't be worth it. It's just supply and demand: why would they need you?

I would pay any amount of money I could get together for direct, personal lessons in investing from Warren Buffet, but I'm not going to get them. There's a simple reason for that.

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  #23 (permalink)
 PK 1 
Kassel / Germany
 
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yesterday I've seen the thread here and was quite curious after the initial posts here.
In the end I'm almost speechless about the thread starting like advertising and one guy on youtube said he did positive posts regarding the Vinny-Guy on futures.io, looking to me like exchanging favors in first place and insulting thereafter on youtube.

Either way, I've thrown a look to see the way he is trading and also checked his interactions with other users.
What I've missed:
  • Riskmanagement
  • A trading approuch
  • Maturity when interacting with supporting / not supporting people
  • Mental ability to trade (not only one post here with phrases from Vinny-Guy also his comments on youtube make him look like a little kid with a god-complex)

Altogether I understand that he needs paid subscribers, trading doesn't seems to be his gift.

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  #24 (permalink)
edward40
Chicago
 
 
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Well, certainly I cannot defend that email from Vinnie, however, he seems to be doing more than others have posted here. I certainly have no clue if he trades live or sim.

I have watched some of his videos and used some his Ninjatrader tools on a trial basis.
I have seen the Elliot Wave indicator work on market data and I am sure if I took his "training" there would be other items that "may" work to a degree..
He discretionary trades certain patterns, fib levels, Elliot Wave and other market anamolys.

He appears to have robots monitoring and trading multiple markets at once. One robot reports back market conditions to help optimize the others.

Some of his free videos are basically him chatting while he optimizes all his robots and charts. Most of the time those videos do not provide much useful info.

He uses Renko and or Range bars and optimizes the bar size depending on recent market conditions.

He proposes that he is trying to create a community of coders and traders that can work together.
Option 1 - this is true and he is looking for friends and ways to increase profits.
Option 2 - It is a hoax to collect money.
I think the truth is somewhere in between.

He calls his company Ecclesiastes Global Investments and occasionally quotes passages from that area of the bible related to his thoughts or trading.

I always ask the same thing...if someone could make x trading daily everyday, why charge for a room?
I used to think it was always a scam, but I think we are all being short sighted to say that.
This is a very odd and solitary endeavour. I certainly could see reaching out to others to teach or learn and even charge to generate passive income and attract serious people.

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  #25 (permalink)
inverter633
canada
 
 
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I watched this video, so he adds up to 50 contracts when the market goes against him the entry price, is it a professional trading? yes but just a simulator.live certainly not

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  #26 (permalink)
 fminus 
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I took a look at this guy's trade room and looks to be a fairly young guy trying to hustle. I respect hustling but not when it's at the expense of others and especially not by using a religious platform.

So we look at this guy Vinny and ask "Cui Bono?" (latin for who stands to gain). No matter how you slice this thing, all roads lead to Rome and in this case to Vinny's pocket. If he wants community, then that's where FIO is for and there is a wealth of knowledge in this forum with people who will tell it like it is.

As someone else has posted I feel sorry for the guy. He has to sit in front of a webcam all day and put on a dog and pony show to keep his operation afloat while staying under the radar of scrutiny. My guess is that he's using the room fees to fund his account and pay the bills while he figures out the trading game works. Talk about pressure...

In trading, shortcuts lead to the longest path possible.
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  #27 (permalink)
 bobwest 
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It's funny how these old threads will sometimes suddenly revive for a while.

I thought this was telling:


inverter633 View Post
I watched this video, so he adds up to 50 contracts when the market goes against him the entry price, is it a professional trading? yes but just a simulator.live certainly not

50 contracts, huh? If he's live he won't need subscribers if he's trading that size. But I think this sums it up well.

Bob.

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  #28 (permalink)
 forgiven 
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there is a new cool looking indicator package with a can not miss education package rolled out.... from 3 to 10 grand every month. they even will sweeten the deal with a life time trade room. order flow was hot for a while with majic foot print charts an holy grail domes. be for that auto fib software was the grail of the month. trend following systems with moving average crosses and a momentum indicator used for a bias line has also been repackaged and sold over and over. this B.S. WILL come and go too.

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  #29 (permalink)
 planetmoto 
freasno, ca usa
 
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bobwest View Post
Don't pay someone on the internet to show you how to trade. If someone knows how to trade, they don't need your money. If they want your money, they don't know how to trade....

You're not going to find an exception to this.

Bob.

---------------

UPDATE: I should point out that, for instance, there are authors who write books that can be useful, especially to newcomers to trading. Or who even put out good information on the internet and want some (modest) payment for it.

But the basic equation still holds. It's a matter of what they promise and what they charge for it. If someone promises a huge result, they won't provide it. If they want a large payment, their advice won't be worth it. It's just supply and demand: why would they need you?

I would pay any amount of money I could get together for direct, personal lessons in investing from Warren Buffet, but I'm not going to get them. There's a simple reason for that.

Let me just add a few thoughts to Bob's comment; Warren Buffet is very transparent about how he trades so I would never recommend you spend a dime on him teaching you, he shares it willingly for free, he buys what he knows, with very competent management and holds for a very long time that's about as far as you will get with a Buffet strategy. Now as far as trading rooms and educators Bob is both right and wrong. For example let's take a well known guy like John Carter he sells more stuff than a clearance makeup counter, and he's not shy about bragging about it. Yet the guy also trades large and makes decent money year to year on top of whatever he rakes in from selling courses and webinars. So is he a scammer well no, but.....I don't know ow any traders that are consistently using his squeeze setups to make m one in the markets, it's maybe 50% + win/loss so some guys might be profitable but most will lose yet he still keeps selling year after year his insights which people will pay for. This Vinny guy I dont k ow enough about him but I used to trade with a guy on Pal talk that went by Secretariat, well known years ago had a house in the Hamptons and would trade with a small group of guys he charged a pretty penny to. He was the meanest bastard I ever met if you got on his bad side but he could trade. He didn't advertise or anything and he would show 30- 50 lot trades on CL and ES so you will run I to guys like that in this world. SMB is another example the used to have an excellent trading education program for people who wanted to work there. They realized they were giving away valuable information and started charging for it $2k-$3k for a course. Is it worth it, are they scammers??? No! They run a firm and saw an opportunity to monetize their information which you would learn for free if you were hired at any trading desk on wall street. So again Bob is both right and wrong you just have to research and research and if you decide to pay someone to teach you the should be able to show you something concrete like trading accounts, trades and other students as references that have paid them for training.

Sent using the https://futures.io%20mobile%20app

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  #30 (permalink)
 Sazon 
Roswell, GA
 
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planetmoto View Post
...I used to trade with a guy on Pal talk that went by Secretariat, well known years ago had a house in the Hamptons and would trade with a small group of guys he charged a pretty penny to. He was the meanest bastard I ever met if you got on his bad side but he could trade. He didn't advertise or anything and he would show 30- 50 lot trades on CL and ES...

Yeah I remember him...he would take tons of trades in the ES (like more than 30-50 per day) and would call winners if ES simply touched his profit target and would somehow get entries if prices just tickled his entry level. It was quite obvious that he was full of shit and not trading live...but I do agree that he was a mean old bastard.

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