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Trading Reviews and Vendors

Created August 12th 2017 by futurestrader1
Updated March 16th 2020 by Cloudy
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  #111 (permalink)
Legendary Market Wizard
Cleveland Ohio/United States
Trading Experience: Advanced
Platform: Tradestation
Broker/Data: Tradestation, DeCarley, others
Favorite Futures: futures
Posts: 2,736 since Jul 2012
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jmh13 View Post
Pay attention to how apologetic he is to the people he hurt:

As many readers are aware, I was once a stock swindler that got busted for securities fraud and went to Federal prison for three years. I orchestrated a penny stock Ponzi scheme for $400 million, or $600 million, or some outrageous number. But they are all wrong. It was actually closer to one billion dollars. Yep, nearly a billion with a capital B. Get it correct people.

Actually, it was $956 million to be exact. But hey, what’s the difference in a few hundred million?

Regardless, I was awarded the much-coveted “prison ID card” and given a job washing dishes for three years. I went from living in a mansion and eating unlimited shrimp cocktail to living in a concrete box and eating way too much ramen noodles. My prison paycheck was also an embarrassment of riches — forty cents per day.

Our nice guy we all like to believe.

You are great at making accusations, but then avoiding, deflecting and obfuscating when someone asks you to back up your accusing statements.

I find that interesting.

Sorry Mike for calling this guy out, but he should produce proof of his accusations, or not post at all.

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  #112 (permalink)
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No more posts here about trading schools.

There is another thread for that. I'm on my phone, someone please link it for me.

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  #113 (permalink)
Trading Experience: Advanced
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I just don't have time for trading if someone wants the bots. I haven't loaded my LIC. yet. Discounted.

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  #114 (permalink)
desert CA
Trading Experience: Intermediate
Platform: NT7, TOS, CQG-trader
Broker/Data: AMP, DT, TDA
Favorite Futures: CL,NQ,YM
Posts: 2,125 since Jul 2011
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Here are some facts:

Amico was second main room host besides the owner, Simon, and sales head for GTR (Global Trade Room) around the period of 2015. The CFTC did an investigation last year with findings reported in September which included subpoena of broker statements that showed GTR's chatroom never had a live trading account so were using sim feeds. The CFTC document: ( In the comment section of a site which we can't reference now there were 22 pages , many with comments of former customers who complained their trading did not improve even following Amico's trading room, nor made profits but lost money. Several spent $7k to 10k or over for dubious education and subscriptions.

Interestingly (but not surprising for rats ditching a sinking ship) due to the 2015 review and a surge of customer complaints as more spoke out, Amico and Sandy Seaghal jumped ship and ditched Simon Jousef and GTR and promised they would start showing their dom for every trade live with their new site "futurestradinginaction". Just months later clients on the review site comments complained after an initial demo carrot stick period, Amico was obfuscating the same way he did on GTR and just occasionally showing his dom again. Since 2017 or so, it seems Amico had left Sandy and started his own site "veritasfuturestrading". Since 2019 or so, Veritas has stopped the monthly subscription and now charges quarterly with no refunds. Their prices have increased. Now it's at least 1.1k to subscribe to their autotrader bot. The veritas site now shows since Jan. that most all of their chat room trading is SIM only, and obfuscating with differing types of "sim track records". Which confirms more recent comments in the last two years on the site we can't reference now that customers were complaining Amico wasn't showing his dom for the most apart anymore despite a posting earlier not by jmh that claimed Amico was showing the dom with a supposed live account all the time.

Yes , on the front page of veritas it shows that stupid backtest graph chart of supposed increasing profitablity, but veterans to trading should well know enough a generated backtest in sim hardly means proof. And there are signs of glossing over losers compared to the spam email of so many "winners" in the spam email ads and there are no broker confirmed proven statements. And the signs are the past Amico shenanigans are going on again in the comments on review sites.

Yes, I get that someone could want to respond to my 'witch hunting' mode due to opinions or biases, but I've been duped before by previous scammers in my past ten years of learning and trading futures, and I'm not backing down with reminding of these facts shown and evidenced. And I was especially triggered feeling about the comments of the plight of those relative newcomers who had wasted tens of thousands and even lost money. Amico's site veritas has all the signs of many other dubious vendor sites with a pattern of the usual dream marketing, with no proof of actual profits despite claims otherwise, much less even the idea of being able to trade for a living while charging up to thousands again to numerous clients on the site. They even have their cftc "Hypothetical" disclaimer at the very bottom that most of us veterans to vendor fakery surely know about. And I was warning newcomers of this past history and even the proof with authorities as referenced in the review site. So I warned and warned again, and my relevant posted links keeps getting shifted to back pages of this thread now (just go back to page 10 of this thread to see the relevant links: and I think my warning points are very valid for discerning newcomers wanting to do due diligence in researching a trading education guru/vendor, particularly this one. Fin.

Oriole View Post
If you watch the video he has about the settings, it looks at first glance to be a simple MA crossover that he sets to 8 and 21. You can see the 2 lines on the chart and the buy and sell noted on the cross.

Thanks, I recall back since the 2015 review of GTR checking out videos by Amico and later of his tradingroom "futurestradinginaction". And it looked somewhat discretionary but also very simple and crossover like with a slapped on profile. I guess a sufficing enough carrot stick show for newbies. Even the trading journals here by members can have more involved strategies and journaling thought into them.

Others have done due diligence and posted on or related to this thread, lest we forget, or may have missed:

Last edited by Cloudy; March 16th, 2020 at 05:24 PM.
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