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Vinny E-Mini & Algobox Review TRADE ROOM

  #31 (permalink)
 dk27 
Europe
 
Experience: Intermediate
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I just know the name John Carter, nothing more about him, is he sharing his broker statements year to year?


planetmoto View Post
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.

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  #32 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
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It's funny how much good stuff will come out sometimes in a thread like this.

So:


planetmoto View Post
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.

Right. Buffet is an example of someone who shares freely, knowing that he will keep on making money anyway. Of course, you aren't going to get his latest buys and sells before he has to put out a quarterly report for Berkshire Hathaway, his investment vehicle. I was reaching for an example of someone who is very successful and he came to mind. Also, unlike some, he has to publish his actual results, and does.

But put in the name of any other really near-legendary trader/investor, because my only point was that they usually aren't selling their advice -- possibly with exceptions, not to get into a discussions of this or that particular guy.


Quoting 
Now as far as trading rooms and educators Bob is both right and wrong.

Of course. I do generalize too much sometimes.


Quoting 
For example let's take a well known guy like John Carter.... I don't know ow any traders that are consistently using his squeeze setups to make m one in the markets

This would be my take. Also, I think the "Squeeze" can be a useful tool (I don't use it, but it can help you see what is going on sometimes), but it is not a ticket to richness. Also, any two people are going to use any tool at least two different ways, and have different results, which consumers of these sites do not usually understand. Basically, at best you can learn from someone, but you can't just apply his/her method and be automatically successful. This applies to every single thing you'll see being sold on the internet or anywhere else, by anyone. At best, it can be useful if you make it your own. Sometimes, it's just another gimmick. Either way, it will not make anyone rich just by following its "signals."

I have lingered on his site a few times, some while ago. All of his stuff seems way overpriced (and some is available elsewhere for free.) He did write a book, which was reasonably priced, and in fact it discussed the Squeeze so you don't really have to buy it from him (or, you can get a good implementation from the Download section in this forum.) But suppose you did, and suppose you made money with it. That would be great, but it would be because of what you put into it as you used it. As is always the case, I believe. (Not an endorsement or recommendation of the Squeeze or any other indicator, technique or trick.)


dk27 View Post
I just know the name John Carter, nothing more about him, is he sharing his broker statements year to year?

On the general question of "Is X sharing his broker statements" or any other proof of results, all I can say is, you're kidding, right? Buffet does, because he has to, but you can't hire him.

This doesn't mean they're crooked, but "Buyer Beware" is the best advice. If you find what they say about the market plausible, that's about as much as you'll get, usually. Also, anything can and sometimes will be faked. How could you know that the image of his statement he puts up is real? Do you get a signed auditor's statement sent to you directly from a known audit firm? Not usually. You have to already trust him to believe it, which is going around in a circle.

Again, nothing against Carter or anyone else. Just be careful, with anybody. Don't spend much money. It probably will not be worth it.

And then (not about Carter):


Quoting 
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.


Sazon View Post
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.

Shows how there's always more than one opinion about anything and anyone. Glad there is some agreement, anyway.



Bob.

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  #33 (permalink)
 dk27 
Europe
 
Experience: Intermediate
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Broker: IQfeed, IB
Trading: ES
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Thanks Received: 144


Previous poster mentioned Carter is profitable year after year and trading big, hence my question if there any evidence of that. Fake statements would be already something.


bobwest View Post
It's funny how much good stuff will come out sometimes in a thread like this.



On the general question of "Is X sharing his broker statements" or any other proof of results, all I can say is, you're kidding, right? Buffet does, because he has to, but you can't hire him.

This doesn't mean they're crooked, but "Buyer Beware" is the best advice. If you find what they say about the market plausible, that's about as much as you'll get, usually. Also, anything can and sometimes will be faked. How could you know that the image of his statement he puts up is real? Do you get a signed auditor's statement sent to you directly from a known audit firm? Not usually. You have to already trust him to believe it, which is going around in a circle.


Bob.


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  #34 (permalink)
inverter633
canada
 
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bobwest View Post
It's funny how these old threads will sometimes suddenly revive for a while.

I thought this was telling:



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.

the site and the room are full of flashes of monitors, the alarms are constantly overwhelming. I do not see any specific 1 contract or 50 inexpensive strategy. just click add contract without plan and program. and just wait for the plus or close with a lot of negative positions. It is not for me a professional access to the market.
neither to clients.

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  #35 (permalink)
 usdivers 
Darwin
 
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Thankyou Paypal...you are awesome.

After putting a complaint in, Paypal assisted me in recovering a full-refund from Vinny Emini trading room.

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  #36 (permalink)
 
rintin2x's Avatar
 rintin2x 
salt lake utah
 
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@VinnyEmini Just wondering, did you sign up as a vendor? Might need to read the forum regulation here to get the approval first from admin.

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  #37 (permalink)
 
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 Anagami 
Cancun, Mexico
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VinnyEmini View Post
lol ... Couldn't help myself... been silent for years - Big Mike, I'm a big fan and well aware and respectful of your no ad policies - I'm a Coder and a Trader - Not here to advertise, but felt the desire to drop a quick note to go ahead and lay out some facts and straighten out this hate thread at least a bit. All are entitled to their opinions, but you might wanna seek out facts. Feel free to drop in the public room any time and "Ask me anything". And yeah... I'm an A-hole. Not perfect, but forgiven. And for the record Mr. usdivers, I gave you your refund without dispute (as we always will). I don't need your money, I say that in the room all the time, but we don't have time for trolls and hand holding while we are in the middle of trading. And there's only room for one A-hole on our team, and I already claimed that roll. And yes folks, I didn't have time to baby sit this troll who couldn't read email instructions, use YT, or listen to our moderators in the live room and refused to try what they walked him thru, then throws a temper tantrum in the room and got under my skin while I as in the dead middle of 2 open trades. SO. WHAT. Also, for the record, I'm nearly 40 years old for those calling me a youngster, I say thank you <3. Anyhow, these trolls aren't telling the whole story, as they never do, and there are plenty on our small but lively team who know better. Back to the markets ladies and gents. BTW - jerks are great traders - it's science <3 Drop by the public lobby sometime and I'll buy you all a round o coffee on the house to simmer yer' britches. I'll even throw in 90 days of premium for you to simply see and judge for yourself, and yes, sometimes we even have a little fun. However, still a #TrollFreeZone so leave your tears and whining before you arrive or Curtis will likely ban you again lol. Seeeee yaaaaa!
SCIENCE:
https://www.cnbc.com/2013/09/20/science-proves-why-the-best-traders-are-jerks.html


Yours truly,
-Mr. Emini.



Good God.

BAN.

Now.

You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
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  #38 (permalink)
 
fminus's Avatar
 fminus 
Washington DC
 
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VinnyEmini View Post
BTW - jerks are great traders - it's science

If CNBC is your guide for human interaction and decency, you need to get your head checked. Your aggressiveness to tear people down and resort to name calling do nothing but confirm your lack of confidence in your own ability. If you are so "great", who cares what other people think, just keep trading your 80 cars or whatever you trade because you don't need the subscriptions right? If you think great traders are assholes and treat people like dirt, you've been watching too many wall street movies.

In trading, shortcuts lead to the longest path possible.
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  #39 (permalink)
 
bobwest's Avatar
 bobwest 
Western Florida
Site Moderator
 
Experience: Advanced
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I see Vinny got banned.

If anyone doesn't know, the way to deal with this kind of thing is to click on the little exclamation point ("!") inside a triangle that you will see at the top right corner of any post. You'll go to a page that asks you for a message, you put in whatever the problem was with the post (vendor promotion, rudeness, whatever) and send it off. Either @sam028 or @Big Mike will get it, assuming they haven't already seen the problem post, and they will decide what, if anything, to do. If the moderators don't do anything, they didn't think there was enough reason to.

Often they will see it and act first, but this is how to report a problem.

Simple, no muss, no fuss, no getting into arguments. Problem handled.

Bob.

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  #40 (permalink)
 
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 Big Mike 
Manta, Ecuador
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rintin2x View Post
@VinnyEmini Just wondering, did you sign up as a vendor? Might need to read the forum regulation here to get the approval first from admin.

No, he did not.

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