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Veritasfuturestrading.com looks great!


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Veritasfuturestrading.com looks great!

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  #1 (permalink)
 futurestrader1 
New York City, USA
 
Experience: Advanced
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Trading: ES, CL, 6E
 
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I Get email from https://www.veritasfuturestrading.com/ and have seen his youtube videos here: [yt]https://www.youtube.com/channel/UC71nlnm5EyufhCKW-S9hNUQ[/yt]

Trading a real account he says. It does look good! Does anyone have input?

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  #3 (permalink)
 Obelixtrader 
Slovakia
 
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futurestrader1 View Post
I Get email from https://www.veritasfuturestrading.com/ and have seen his youtube videos here: [yt]https://www.youtube.com/channel/UC71nlnm5EyufhCKW-S9hNUQ[/yt]

Trading a real account he says. It does look good! Does anyone have input?

Ask him for track record audit,if he can provide evidence from audit company.

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  #4 (permalink)
 phantomtrader 
Reno, Nevada
 
Experience: Advanced
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Didn't you post this once before? Looks like the same folks to me. Just sayin........


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  #5 (permalink)
 dk27 
Europe
 
Experience: Intermediate
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Trading: ES
 
Posts: 162 since Jun 2009
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Just another fraud by Bob Amico, first Global Trade room then Trading futures in action now Veritas. Plus other frauds don't remember details, google TradingSchools.org for more.



futurestrader1 View Post
I Get email from https://www.veritasfuturestrading.com/ and have seen his youtube videos here: [yt]https://www.youtube.com/channel/UC71nlnm5EyufhCKW-S9hNUQ[/yt]

Trading a real account he says. It does look good! Does anyone have input?


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  #6 (permalink)
 phantomtrader 
Reno, Nevada
 
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The guy has a 1 lot "on the line" - mostly trading the NQ. Making big money. And is asking $3497/yr.


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  #7 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,003 since Jul 2012
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The fact that he refers to Gold and Soybeans futures as "indices" pretty much tell me all I need to know.

If that doesn't set off red flags, this statement should: "My knowledge base and expertise is like a Rosetta Stone"

And this piece of gibberish has to be the most interesting way to justify showing Gross P/L instead of Net P/L: "Gross P/L values are used to avoid negative statistical bias that occurs when evaluating net P/L" - Huh?


But I suggest you contact him, and ask him to prove he trades by showing brokerage statements. The answer you get will undoubtedly be enlightening,

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  #8 (permalink)
 SawDr 
Washington, DC
 
Experience: Intermediate
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phantomtrader View Post
Didn't you post this once before? Looks like the same folks to me. Just sayin........


Yep - I was thinking that post was familiar - looks a little fishy to me.

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  #9 (permalink)
 futurestrader1 
New York City, USA
 
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LOL,

it's not the same site,..this one is new.....Just saying. It's only run by Bob. Forget it probably more of the same.




SawDr View Post
Yep - I was thinking that post was familiar - looks a little fishy to me.


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  #10 (permalink)
 nightangel0203 
Yonkers
 
Experience: Intermediate
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Posts: 8 since May 2016
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I signed up for a trial and I can see with his dom that it was a real account. He trades 3 lots and I saw t of his lots get filled and those other 2 got filled on the next bar. Plus real accounts have a "!" in them which he has. I have seen him trade down $2,000 and still end the day plus $1,500. Just saying

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  #11 (permalink)
 ignacio90 
Madrid - Spain
 
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nightangel0203 View Post
I signed up for a trial and I can see with his dom that it was a real account. He trades 3 lots and I saw t of his lots get filled and those other 2 got filled on the next bar. Plus real accounts have a "!" in them which he has. I have seen him trade down $2,000 and still end the day plus $1,500. Just saying

"!" This is not real proof that is trading a real account

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  #12 (permalink)
 Silvester17 
Market Wizard
Columbus, OH
 
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ignacio90 View Post
"!" This is not real proof that is trading a real account

this is actually interesting

with nt 7, you can't create a sim account with a punctuation mark like a "!". so when you see a "live dom" account with a "!", I would say it is a real account.

on the other hand with nt 8, you can use punctuation marks to create a sim account. wonder why that is? maybe @NinjaTrader could clarify.

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  #13 (permalink)
 NinjaTrader  NinjaTrader is an official Site Sponsor
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Silvester17 View Post
this is actually interesting

with nt 7, you can't create a sim account with a punctuation mark like a "!". so when you see a "live dom" account with a "!", I would say it is a real account.

on the other hand with nt 8, you can use punctuation marks to create a sim account. wonder why that is? maybe @NinjaTrader could clarify.

Sure, the clarification comes in the form of C# programming:

In NT7, the “!” is a character that delimited three field of data, FCM Name, Account Name and Display Name. NT7 relied on this character to be able to parse out these three fields thus it wasn’t an allowable within user defined simulation account names. Since NT8 was redesigned, we added these three fields of data as properties of the Account class eliminating the need to parse strings and ultimately having cleaner code design.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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  #14 (permalink)
 prisoner6 
Dallas, TX
 
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I've been in the Veritas trading room for a month or so, and have to say I'm somewhat disappointed.

Bob relies on Order Flow, and has a $995 piece of software that will show you what he is watching. He doesn't push the software much, unlike some rooms. I personally have not been able to make much heads or tails out of what is being displayed - looks like a graphic representation of the number of buy and sell orders clustered around the current market price, and there usually seems to be about an equal number of green and red bars ranged around the current price, just as you'll see on your DOM.

His style is trading is heavily based on momentum. On a day when trends don't extend, he will do badly. On a big trending day, he can do very well.

The problem is that he's always buying or selling at or near highs or lows, respectively. As an example today, Cattle (he likes to trade cattle) was moving up, peaking at around 108.375. He talked about buying it there, it pulled back to 108.150, and then rallied to the days high at 108.900. At that point (108.850), he was talking about buying it AGAIN, for a scalp move to 109.075. Of course, 108.900 double top was the high of the day, and cattle proceeded to fall to 106.600, a move of 2.3 points (!). Finally, at around 107.4, he mentioned that cattle "might be" a sell, a full 1.5 points from the top. Yes, it did drop another .80 points, but he missed 2/3rds of the move before calling it. And continued calling it a sell near the lows, when it rallied into the close.

I'd like to ask him, with this much vaunted order flow, why can't he see order flow changing from the buy side to the sell side near or after a peak, and then get short much closer to the top with a lower risk, than buying or selling breakouts, after much of the move is over? As gold was making new highs today at 1331-1332, he mentioned that gold was a buy. Where was he when gold was at 1326? or 1328? Gold did peak at 1334.5, so it was possible to make something off the trade, but he's only going for 10 ticks on his first 2 lots, and then let the 3rd go for a runner. Oftentimes, he'll take a trade off for 3-4 ticks, and then make a big thing about it. Gold peaked at 1334.5, and then dropped to 1330. Now, there was no sell signal at 1334.5, but there was a good opportunity to short it after the top around 1333, giving a $3 downmove. But he kept calling gold a buy as it was going up, until he stopped mentioning it.

It's funny, he talks all the time about how he's not a "breakout trader", but that's exactly what he's doing. Something is making a new high - yep, it's time to buy! Making a new low? Time to sell! When there's a lot of volatility and things are trending that kind of thing can work, but most of the time, it's a recipe for getting whipsawed.

Most days it seems he starts off with a substantial loss on the first couple of trades (down $600-1000), and then works his way back to break even, or even some profit. So, perhaps letting him get the losers out of the way first is the thing to do.

Like most trading room moderators, he blames the markets quite a bit. Today, he continually bemoaned how "dead" the markets were. And yet, Cattle had a 2.3 [point downmove that he missed most of, the NQ went up 25 and down 25 points, Gold had a $9 range, Crude had a 65 point upmove followed by a 80 point downmove, etc. Plenty of movement there to make good trades off of, unless you're buying the highs and selling the lows.

He's like a kid who wants instant gratification. If he doesn't get his move in a minute, then he's mentally moved on to the next chart. If he's not seeing movement RIGHT NOW, then the markets are dead and there's no volatility.

Good points about the room are that he doesn't spout a bunch of nonsense, for the most part. Mostly he stays focused on the markets, and keeps an eye on a number of them, including some esoteric ones (cocoa, coffee, FDAX, natural gas). He doesn't push his software or add-ons. And he tends to stay in the room for most of the trading day - this may be because he has to keep trading to overcome his early losses to end up in the green (which he often does, but it can be an exhausting process), but at least if you're not there first thing in the morning, he's still likely to be around, unlike many rooms which close up shop at 10 AM central, whether they win or lose. He will try his best to get anyone who's not profitable on the day into profit, if you advise him of such.

It seems he gets around $1000 a day average, trading 3 lots, but I must say, so far from what I've seen, it can be a tough road to hoe. Personally, I don't think it's the style of trading I aspire to.

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  #15 (permalink)
 BeastModeTrader24 
Seattle Washington/United States
 
Experience: Advanced
Platform: NinjaTrader
Trading: Mini ES
 
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Posts: 9 since Jun 2016
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Hi everyone this is my experience over the past few months with the Veritas Trading Room.

Overview: The moderator/owner Bob is a very good trader who uses order flow to gauge short term market direction. He follows roughly 15 markets but places the majority of his trades in the NQ, CL, LE, GC, FDAX, and NG markets. He also trades to a lesser extent some currencies, coffee, sugar and the eMini S&P.

His trading style is reactive to what he is seeing at the moment and it can be difficult to adjust to his movement from instrument to instrument. He normally trades 3 contracts (6 for the NQ, or 2 for ZB) and has a 10 tick target where he sells 2 contracts while leaving a runner and moving his stop to break-even. His losses tend to be reasonable except for the occasional stinker.

His knowledge of the market is quite good, especially to anyone (like me) who is looking to follow a successful trader.

He trades in full view with his DOM and accurately accepts losses as part of his performance record. He also calls out verbal trades and helps traders in the room manage trades that he has not taken and are not part of his room total/record.

His manner is pleasant and does not grate on me as have some room moderators.

He can be reached via telephone as well as by email. He's accessible and generous with free room trials (now $10).

His style of trading can be a bit daunting to try to emulate even though he is very good about giving notice when possible about entering trades. I think following him while sim trading during a trial week or two would best suit most traders.

In my opinnion he is a very good trader who would be well worth looking at for any trader who needs to either learn a successful approach or wants to sit in the co-pilot chair instead of making their own trade calls.

The Veritas Trading Room is not inexpensive but you more than likely can make an arrangement for a monthly payment that is agreeable to everyone.

The hours are good and getting better. Soon they will be 3:30 AM 'til about 12:00 then re-open again after roll-over for about 90 minutes. There is also a Members Skype where members talk and Bob will suggest trades.

Bob also frequently holds saturday morning educational webinars.

You can trade along with Bob either with or without having an order flow indicator but you won't be learning too quickly without it. This is a personal decision. I have held off for now.

I've experienced all the good and bad of the room and quite honestly the good does far outweigh the bad. Try a few $10 weekly trials and answer all of your questions for yourself.

Thanks for reading, BeastModeTrader24...

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  #16 (permalink)
lorenzoP
venice
 
 
Posts: 18 since Feb 2017
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here i see 2 people speaking well about Veritas Trading Room, with 2 post each since 2016

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  #17 (permalink)
 phantomtrader 
Reno, Nevada
 
Experience: Advanced
Platform: NinjaTrader
Trading: ZN, ZB, CL
 
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BeastModeTrader24 View Post
Hi everyone this is my experience over the past few months with the Veritas Trading Room.

Overview: The moderator/owner Bob is a very good trader who uses order flow to gauge short term market direction. He follows roughly 15 markets but places the majority of his trades in the NQ, CL, LE, GC, FDAX, and NG markets. He also trades to a lesser extent some currencies, coffee, sugar and the eMini S&P.

His trading style is reactive to what he is seeing at the moment and it can be difficult to adjust to his movement from instrument to instrument. He normally trades 3 contracts (6 for the NQ, or 2 for ZB) and has a 10 tick target where he sells 2 contracts while leaving a runner and moving his stop to break-even. His losses tend to be reasonable except for the occasional stinker.

His knowledge of the market is quite good, especially to anyone (like me) who is looking to follow a successful trader.

He trades in full view with his DOM and accurately accepts losses as part of his performance record. He also calls out verbal trades and helps traders in the room manage trades that he has not taken and are not part of his room total/record.

His manner is pleasant and does not grate on me as have some room moderators.

He can be reached via telephone as well as by email. He's accessible and generous with free room trials (now $10).

His style of trading can be a bit daunting to try to emulate even though he is very good about giving notice when possible about entering trades. I think following him while sim trading during a trial week or two would best suit most traders.

In my opinnion he is a very good trader who would be well worth looking at for any trader who needs to either learn a successful approach or wants to sit in the co-pilot chair instead of making their own trade calls.

The Veritas Trading Room is not inexpensive but you more than likely can make an arrangement for a monthly payment that is agreeable to everyone.

The hours are good and getting better. Soon they will be 3:30 AM 'til about 12:00 then re-open again after roll-over for about 90 minutes. There is also a Members Skype where members talk and Bob will suggest trades.

Bob also frequently holds saturday morning educational webinars.

You can trade along with Bob either with or without having an order flow indicator but you won't be learning too quickly without it. This is a personal decision. I have held off for now.

I've experienced all the good and bad of the room and quite honestly the good does far outweigh the bad. Try a few $10 weekly trials and answer all of your questions for yourself.

Thanks for reading, BeastModeTrader24...

It's really very simple. Why don't you post your live results since you've been in his room so we can see how good he is. Better yet, why not ask him to post his live account results. Reality is the only thing that counts in this life. BS doesn't count.

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  #18 (permalink)
 BeastModeTrader24 
Seattle Washington/United States
 
Experience: Advanced
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Trading: Mini ES
 
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Posts: 9 since Jun 2016
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Yep, I figured atleast someone would attack me... I have to say I was warned by a few members of such.

Look I'm not selling or promoting Veritas Futures Room. I just described my experience there.

Get a trial or don't, it doesn't matter to me. What works for some may not be good for others.

Honestly this is why I was tentative about posting and normally just lurk on this site.

Best of luck,

BeastModerTrader24

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 wyz00888 
Longyan Fujian/China
 
Experience: Beginner
Platform: Multicharts
Trading: ES
 
Posts: 56 since Apr 2015
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It is very funny that almost everyone in this forum will require a live record whenever there is a discussion about trading vendors. Have you actually ask yourself that even if the vendor provides a valid positive trading record , will you come on to buy the vendor's product? Who cares one or two people will buy the their programs, other than you , there are bunch of people willing to buy they services. If I am a vendor, and somebody ask me to provide my trading records, I will just ignore this kind of request, it is a provocation to me.Who cares you buy or not.There are many trustable vendors who will not provide any records.You can just analyze their words when you communicate with them to judge if what they say is true.If you hope to see the trading records to see if his method works,that idea is too naive,who can make sure his method can make money in the past will continue to make money in the future?

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  #20 (permalink)
lorenzoP
venice
 
 
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wyz00888 View Post
It is very funny that almost everyone in this forum will require a live record whenever there is a discussion about trading vendors. Have you actually ask yourself that even if the vendor provides a valid positive trading record , will you come on to buy the vendor's product? Who cares one or two people will buy the their programs, other than you , there are bunch of people willing to buy they services. If I am a vendor, and somebody ask me to provide my trading records, I will just ignore this kind of request, it is a provocation to me.Who cares you buy or not.There are many trustable vendors who will not provide any records.You can just analyze their words when you communicate with them to judge if what they say is true.If you hope to see the trading records to see if his method works,that idea is too naive,who can make sure his method can make money in the past will continue to make money in the future?

i dont get, would not you sell more providing real proof??

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 kevinkdog   is a Vendor
 
 
Posts: 3,003 since Jul 2012
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wyz00888 View Post
It is very funny that almost everyone in this forum will require a live record whenever there is a discussion about trading vendors. Have you actually ask yourself that even if the vendor provides a valid positive trading record , will you come on to buy the vendor's product? Who cares one or two people will buy the their programs, other than you , there are bunch of people willing to buy they services. If I am a vendor, and somebody ask me to provide my trading records, I will just ignore this kind of request, it is a provocation to me.Who cares you buy or not.There are many trustable vendors who will not provide any records.You can just analyze their words when you communicate with them to judge if what they say is true.If you hope to see the trading records to see if his method works,that idea is too naive,who can make sure his method can make money in the past will continue to make money in the future?

Please list even one. (Then I'll ask, how did you verify there are even "trustable?")

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  #22 (permalink)
 wyz00888 
Longyan Fujian/China
 
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Trading: ES
 
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kevinkdog View Post
Please list even one. (Then I'll ask, how did you verify there are even "trustable?")

How much money you pay me if I list one?

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  #23 (permalink)
 kevinkdog   is a Vendor
 
 
Posts: 3,003 since Jul 2012
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wyz00888 View Post
How much money you pay me if I list one?

What kind of response is that? You made a strong assertion "there are many trustable vendors"

In case you did not know, this is a trading community based on freely helping each other, not paying money for responses.

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 phantomtrader 
Reno, Nevada
 
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wyz00888 View Post
It is very funny that almost everyone in this forum will require a live record whenever there is a discussion about trading vendors. Have you actually ask yourself that even if the vendor provides a valid positive trading record , will you come on to buy the vendor's product? Who cares one or two people will buy the their programs, other than you , there are bunch of people willing to buy they services. If I am a vendor, and somebody ask me to provide my trading records, I will just ignore this kind of request, it is a provocation to me.Who cares you buy or not.There are many trustable vendors who will not provide any records.You can just analyze their words when you communicate with them to judge if what they say is true.If you hope to see the trading records to see if his method works,that idea is too naive,who can make sure his method can make money in the past will continue to make money in the future?

This is a pretty stupid statement. When you go to a doctor, you want to know that the person graduated from medical school and is accredited by the medical profession. When you bring your car into be serviced, you want to be sure that the people working on your car know what they're doing and can do the job. When you fly on a commercial airliner you want to have confidence that the plane is capable of flying and that the captain and crew are trained and competent.

When you buy the service of a trading vendor, it's logical to ask the vendor what proof he/she has that their methodology makes money. After all, that's why you're buying the service, right?? The only proof that a trading system vendor can offer is live performance in their own accounts or accounts of others who have followed him/her.

It's quite obvious you know this vendor. Don't hide behind a black curtain. Customers have a right to ask these questions and are entitled to an answer. You're asking for their money.

Seems to me you've been around here before????............. under another name????...............

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 kevinkdog   is a Vendor
 
 
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phantomtrader View Post
This is a pretty stupid statement. When you go to a doctor, you want to know that the person graduated from medical school and is accredited by the medical profession. When you bring your car into be serviced, you want to be sure that the people working on your car know what they're doing and can do the job. When you fly on a commercial airliner you want to have confidence that the plane is capable of flying and that the captain and crew are trained and competent.

When you buy the service of a trading vendor, it's logical to ask the vendor what proof he/she has that their methodology makes money. After all, that's why you're buying the service, right?? The only proof that a trading system vendor can offer is live performance in their own accounts or accounts of others who have followed him/her.

It's quite obvious you know this vendor. Don't hide behind a black curtain. Customers have a right to ask these questions and are entitled to an answer. You're asking for their money.

Seems to me you've been around here before????............. under another name????...............


Agreed. Really, the only reason for a vendor to get mad is if he has something to hide.


Although, I will admit, as a vendor, a few times I have gotten irked at people who, after I give them a track record, claim I am making it up, or state that it is not in their desired format, and therefore invalid.

Even with being transparent, you can't please everyone, I have found...

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  #26 (permalink)
 wyz00888 
Longyan Fujian/China
 
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phantomtrader View Post
This is a pretty stupid statement. When you go to a doctor, you want to know that the person graduated from medical school and is accredited by the medical profession. When you bring your car into be serviced, you want to be sure that the people working on your car know what they're doing and can do the job. When you fly on a commercial airliner you want to have confidence that the plane is capable of flying and that the captain and crew are trained and competent.

When you buy the service of a trading vendor, it's logical to ask the vendor what proof he/she has that their methodology makes money. After all, that's why you're buying the service, right?? The only proof that a trading system vendor can offer is live performance in their own accounts or accounts of others who have followed him/her.

It's quite obvious you know this vendor. Don't hide behind a black curtain. Customers have a right to ask these questions and are entitled to an answer. You're asking for their money.

Seems to me you've been around here before????............. under another name????...............

Then continue to ask a vendor to provide the records,I am sure one day you will find it(although it seems not one provides this)

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  #27 (permalink)
 Devil Man 
Legendary Capt. Johnny Jameson
Fort Lauderdale
 
Experience: None
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phantomtrader View Post
....When you fly on a commercial airliner you want to have confidence that the plane is capable of flying and that the captain and crew are trained and competent................




...oh boy!...don't get me started, much like many trading vendors lol! ...but not funny!

Johnny

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  #28 (permalink)
 phantomtrader 
Reno, Nevada
 
Experience: Advanced
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kevinkdog View Post
Agreed. Really, the only reason for a vendor to get mad is if he has something to hide.


Although, I will admit, as a vendor, a few times I have gotten irked at people who, after I give them a track record, claim I am making it up, or state that it is not in their desired format, and therefore invalid.

Even with being transparent, you can't please everyone, I have found...

The important thing is that you are a man of integrity. Who knows how people think - you give them the best you've got and rest is up to them. I wouldn't worry about it. If you pleased everyone - that would be suspicious!!

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 sam028 
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  #30 (permalink)
 tradermark2009 
Concord, CA
 
Experience: Intermediate
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I am sorry, but what a stupid post. @kevindog is 100% correct. If a credible vendors is one, you'll know. So far,
I have seen very few. The toughest thing is consistency in all markets types is hard. Being a vendor you must prove you are worthy, cost isn't the only price, time wasted must be one.
Just say no to this. Since when has a commodity become an indices? Yes, rook move !


wyz00888 View Post
It is very funny that almost everyone in this forum will require a live record whenever there is a discussion about trading vendors. Have you actually ask yourself that even if the vendor provides a valid positive trading record , will you come on to buy the vendor's product? Who cares one or two people will buy the their programs, other than you , there are bunch of people willing to buy they services. If I am a vendor, and somebody ask me to provide my trading records, I will just ignore this kind of request, it is a provocation to me.Who cares you buy or not.There are many trustable vendors who will not provide any records.You can just analyze their words when you communicate with them to judge if what they say is true.If you hope to see the trading records to see if his method works,that idea is too naive,who can make sure his method can make money in the past will continue to make money in the future?


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 tradermark2009 
Concord, CA
 
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Beast, you have 4 posts in over a year. For me enough said!
Post more about trading to be at least a credible source. We have seen this happen for years here, so yes we are going to critical. Get involved it will help your trading.


BeastModeTrader24 View Post
Yep, I figured atleast someone would attack me... I have to say I was warned by a few members of such.

Look I'm not selling or promoting Veritas Futures Room. I just described my experience there.

Get a trial or don't, it doesn't matter to me. What works for some may not be good for others.

Honestly this is why I was tentative about posting and normally just lurk on this site.

Best of luck,

BeastModerTrader24


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  #32 (permalink)
 prisoner6 
Dallas, TX
 
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BeastModeTrader24 View Post
Hi everyone this is my experience over the past few months with the Veritas Trading Room.

Overview: The moderator/owner Bob is a very good trader who uses order flow to gauge short term market direction. He follows roughly 15 markets but places the majority of his trades in the NQ, CL, LE, GC, FDAX, and NG markets. He also trades to a lesser extent some currencies, coffee, sugar and the eMini S&P.
His trading style is reactive to what he is seeing at the moment and it can be difficult to adjust to his movement from instrument to instrument. He normally trades 3 contracts (6 for the NQ, or 2 for ZB) and has a 10 tick target where he sells 2 contracts while leaving a runner and moving his stop to break-even. His losses tend to be reasonable except for the occasional stinker.
His knowledge of the market is quite good, especially to anyone (like me) who is looking to follow a successful trader.
He trades in full view with his DOM and accurately accepts losses as part of his performance record. He also calls out verbal trades and helps traders in the room manage trades that he has not taken and are not part of his room total/record.
His manner is pleasant and does not grate on me as have some room moderators.
He can be reached via telephone as well as by email. He's accessible and generous with free room trials (now $10).
His style of trading can be a bit daunting to try to emulate even though he is very good about giving notice when possible about entering trades. I think following him while sim trading during a trial week or two would best suit most traders.
In my opinnion he is a very good trader who would be well worth looking at for any trader who needs to either learn a successful approach or wants to sit in the co-pilot chair instead of making their own trade calls.
The Veritas Trading Room is not inexpensive but you more than likely can make an arrangement for a monthly payment that is agreeable to everyone.
The hours are good and getting better. Soon they will be 3:30 AM 'til about 12:00 then re-open again after roll-over for about 90 minutes. There is also a Members Skype where members talk and Bob will suggest trades.
Bob also frequently holds saturday morning educational webinars.
You can trade along with Bob either with or without having an order flow indicator but you won't be learning too quickly without it. This is a personal decision. I have held off for now.
I've experienced all the good and bad of the room and quite honestly the good does far outweigh the bad. Try a few $10 weekly trials and answer all of your questions for yourself.
Thanks for reading, BeastModeTrader24...

I agree with all you've said. Personally, I've not been able to make money with Bob. I just can't take trades at the high or low of the day, in the direction of the high or low, and be happy with scalping 4 to 6 ticks on a momentum play. Initially, he was shooting for 10 ticks on 2 contracts, but lately, he's been happy with getting 4-6 ticks. He's generally making 750-1100 a day, but that's on close to 20 trades, on 3 lots per. So transaction costs can eat you up pretty quickly. He is very helpful, totally agree with that, and accessible. Today, he's up 800, and his ticket fees are 350-some, over 20 trades. He's very risk adverse, but that can keep him out of big moves. He was short in the NQ yesterday at 6064, got out break even, before it dropped 50 points. He's got 100-125 people in the room, so at 300/month, that's a pretty sweet income for him, 360,000 a year. But he certainly works hard, I'll give him that.

He will make about the same amount even when the markets are making big moves, because he doesn't stay in for runners. Yesterday the NQ went from 87 to 11 and back to 60, and he missed all of those moves. His total for the day was 1115, and most of that came from natural gas, apparently, plus lots of other small trades. So, if you're looking to learn to trade and stay in large moves in the market, this is not the place for you to learn to do that.

He does tend to get distracted by watching all the different markets, and can miss good moves in 1 market because he's scanning all the other markets that he watches (he follows 14-16 markets). That can be frustrating. His direction calls are generally good, as his targets can be for support or resistance. He has a particular affinity for trading cattle, which can be a slow market, and he can miss good NQ trades while he's messing with a cattle trade for 5 ticks.

As you mention, he's very reactive to the moment, and looks almost solely at what the order flow is at the price point at that second. Very little reference to any longer time charts or fitting the trade into the context of a larger trend.

I think he posts his results on his website, but doesn't break it down into number of trades, amount per trade, etc. He shows what he makes every day on his DOM. He does help people get through the TopStep combines as well. He is OK to listen to, no berating the markets, no crowing, no yodeling, no blaming market riggers, etc. So it's OK, if that's your style of trading, but after being in for 3 months, and not being able to follow his trades and make money, I think I'll move on. He is transparent, and accessible, and overall profitable, but scalping for 4-6 ticks and buying and selling breakouts (although he refuses to call it that, though it's exactly what he does) is just not the style of trading I'm looking for. He is in and out of trades in minutes, if that appeals to you. He's incapable of sitting in a trade for any length of time, even with a winner, or letting it run.

He's apparently close with Dr. Dean Handley, as a matter of fact, he has him speaking in the room right now. Dean says he monitors 4-5 rooms a day, and I guess this is one of them.

He will do his best to keep trading until everyone is green for the day. His trials are pretty reasonable. But it is about 300 a month for a quarterly membership. The people in the room seem to be pleased with the results, so you may be as well.

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  #33 (permalink)
 BeastModeTrader24 
Seattle Washington/United States
 
Experience: Advanced
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Thanks for offerering your insights. I too agree with everything that you stated. Bob's frantic scalping style is not for everyone, that's for sure. I'm disappointed that he posts his Gross profit for the day and not his Net. It would be a much more realistic view of his performance.

He does make money, but each day can feel like a root canal at times.

Best of luck to you and all other traders that read this post.

Kindest regards,

BMT24

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  #34 (permalink)
 aircal 
Keller, TX USA
 
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He sometimes trades thin markets - can everyone in a trading room get in on a copper trade? Probably not...


Sent from my iPad using futures.io mobile app

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  #35 (permalink)
 BeastModeTrader24 
Seattle Washington/United States
 
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Yeah Bob does trade the thin ones such as Copper (HG), Cattle (LE), Cocoa (CC) and Sugar (SB). Lately he is interested in RTY and EMD as well. No way everyone gets filled on his trades, he's trading on NT sim so he gets filled easily.

The more I'm in his room the more I know that the pace is too quick for me. Too many instruments being followed. I wish he concentrated on just the NQ, ES, and one or two others.

But listen Bob works hard, he is honest and ethical and as transparent as they come. And he seemingly really understands order flow. He also serves a room from beginner to advanced traders. Seemingly many are in Top Step combines. So I know he feels compelled to trade even when the markets are unfavorable. Personally I think he's a good person and a solid but hyper trader. He's also easy to listen to which is important, and clear about his market entries/exits.

As I've said before people should try his room for $10 if that is of interest to them and draw their own conclusions. I've done the room route and he's the closest I've found to being the real deal.

Ok again my thoughts. Feel free to disagree but let's keep it civil.

Go Seahawks!

BMT24

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  #36 (permalink)
 estrade 
Austin/TX
 
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The last 5 days I did a trail once again.

Really you need to look at the live trading, at how he is not transparent and do not believe what is said by him or on his site.

On Wednesday I complained to reviewer, Dean Handley that he was not fully transparent taking his DOM off the screen and magically reversing his horrible losses at times. You can catch him doing this but it is very difficult because he is always shifting his DOM's on and off the screen. I asked him to leave only his DOM's on and forget the charts, he says he can't do it because he is "teaching". (who know's how many lots he is trading off screen) (when he traded other accounts a couple of years ago he accidentally showed a huge lot size in a loss (trading for others that I saw!)
He lost almost every trade on Thursday,over -$3500. Bob was saying that it is the ES,the Futures and how he should be trading coffee and the dax. Really bad trades all week. If you do the trail and do the opposite and report it here.
I ask Dean the other promotion/review website about statements because there is no "!" in the DOM indicating real money. It only says "Veritas" Also a good friend of mine said, a couple of years ago that Bob lost 50k of his money and he wouldn't touch Bob Amico with a 15 foot pole.
I do like his website, his statistics stable record and his manner is okay. Bob seems nice enough.
But after this 3rd or 4th trial of 5 days of live observation I could never count on this and put money on the line.
And if you want a camtasia recording, I might still have it. Amazing how when he is down, puts up his "break" sign and the next time I saw his DOM it was only down -$375 (made $800 at some point). And then at the end of the day his DOM $575 flipped instantly to $1200 (from another DOM off screen that was NEVER shown or told).
I wasted my time and another $10 bucks.
It is too bad we have another failed attempt here for a decent trader/room. From live observation.

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  #37 (permalink)
 BeastModeTrader24 
Seattle Washington/United States
 
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Hi EStrade I thought I would chime in since I started (I think?) this post to this thread. First off, thanks for sharing your experience. I wasn't in the Veritas Trading Room last week so I can't comment on what you saw or what might have occurred. What I would like to do is add to my own previous observations.

There have been many times when I've tried to trade along with Bob and for a variety of reasons I just couldn't. Some due to his frantic approach and often due to my own lack of commitment to following him. I have been unable to match Bob's trading. And, once in a trade it's unrealistic to expect to manage your trades as he does because he does so by instinct/gut/volatility and usually doesn't inform viewers of his actions until afterward. Basically once the first target is hit your on your own. "Trade 'em as you see fit, right"? "I got you ticks" right? Hahaha...

Lately, I have noticed an increased focus on the ES which I had welcomed. I like the ES though Bob doesn't necessarily.
Calls it the Extra Slow...

I live on the west coast so there were times when I would join the trade room at 6:30 AM PST and see that he was up $1,000 or so and he would then trade the US session in a guarded manner as he wouldn't want to give back much profit. So be it... Or close perhaps earlier than I would have liked since I didn't participate in the earlier trading.

Bob will frequently have CL, KC or other instruments on as longer-term daily plays. I've always felt he was fair with assigning profit or loss to these trades. In many ways these were my favorite trades in his room.

Bob will usually point of the verbal winners that he has given throughout the day but ignore the verbal losers. None count as part of the "room total". He's a bit of a promoter, I can't blame him too much there.

He has a bad habit of asking in the room if "everybody is good" after a successful trade of his but not after his losers, which is really when he needs to be doing so. Trade rooms tend to be very Alpha...

I wish he would give his net at days end and not the gross because he takes many trades throughout the day and commissions are a significant expense. He chooses not to, his room his rules I guess...

As for trading ability and transparency I may be wrong but I am still going to give him strong passing grades in both categories. I've seen enough of his good days and the bad to state with conviction that he is honest and overall profitable, even if not as transparent as you would like him to be and not profitable every day (who is?). If you don't agree that is OK, I totally respect your oppinions.

Maybe he's not for you? Bet it his style, manner or results? Nothing wrong with that. He's not for me either but I find myself defending him because I think he's one of the good people in futures trade room industry. He's generous with his time and helping a lot of traders learn to trade.

Anyway thanks for sharing your experiences and for allowing me to add to mine.

Private message me if you want to talk about this.

Kind regards,

BMT24

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  #38 (permalink)
 estrade 
Austin/TX
 
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BeastModeTrader24 View Post
Hi EStrade I thought I would chime in since I started (I think?) this post to this thread. First off, thanks for sharing your experience. I wasn't in the Veritas Trading Room last week so I can't comment on what you saw or what might have occurred. What I would like to do is add to my own previous observations.

There have been many times when I've tried to trade along with Bob and for a variety of reasons I just couldn't. Some due to his frantic approach and often due to my own lack of commitment to following him. I have been unable to match Bob's trading. And, once in a trade it's unrealistic to expect to manage your trades as he does because he does so by instinct/gut/volatility and usually doesn't inform viewers of his actions until afterward. Basically once the first target is hit your on your own. "Trade 'em as you see fit, right"? "I got you ticks" right? Hahaha...

Lately, I have noticed an increased focus on the ES which I had welcomed. I like the ES though Bob doesn't necessarily.
Calls it the Extra Slow...

I live on the west coast so there were times when I would join the trade room at 6:30 AM PST and see that he was up $1,000 or so and he would then trade the US session in a guarded manner as he wouldn't want to give back much profit. So be it... Or close perhaps earlier than I would have liked since I didn't participate in the earlier trading.

Bob will frequently have CL, KC or other instruments on as longer-term daily plays. I've always felt he was fair with assigning profit or loss to these trades. In many ways these were my favorite trades in his room.

Bob will usually point of the verbal winners that he has given throughout the day but ignore the verbal losers. None count as part of the "room total". He's a bit of a promoter, I can't blame him too much there.

He has a bad habit of asking in the room if "everybody is good" after a successful trade of his but not after his losers, which is really when he needs to be doing so. Trade rooms tend to be very Alpha...

I wish he would give his net at days end and not the gross because he takes many trades throughout the day and commissions are a significant expense. He chooses not to, his room his rules I guess...

As for trading ability and transparency I may be wrong but I am still going to give him strong passing grades in both categories. I've seen enough of his good days and the bad to state with conviction that he is honest and overall profitable, even if not as transparent as you would like him to be and not profitable every day (who is?). If you don't agree that is OK, I totally respect your oppinions.

Maybe he's not for you? Bet it his style, manner or results? Nothing wrong with that. He's not for me either but I find myself defending him because I think he's one of the good people in futures trade room industry. He's generous with his time and helping a lot of traders learn to trade.

Anyway thanks for sharing your experiences and for allowing me to add to mine.

Private message me if you want to talk about this.

Kind regards,

BMT24


Thanks and I understand what you are saying. My review is ONLY based on LOOKING at what I saw with the DOMS.
"Really you need to look at the live trading, at how he is not transparent and do not believe what is said by him or on his site." Maybe it was not clear.

If you enter the room and see his DOM is in profits and you didn't see every trade at the end of the day, it is not transparent. Most of the time he is transparent, but not when he gets into trouble. This is not the first time that I observed this and actually trading on his other screen.

If you are giving him passing grades then does that indicate you are willing to risk your account and agree with the way he thinks and make his trading decisions.

I am only posting what I saw and could not see (his DOM increasing profits due to trades not seen (or called)).
This is why on the winners and winning days,, it is easy. After I complained to Dean then the next day Bob lost $3500 trying harder to be transparent (possibly). Dean showed me Bob's notes which he send Dean everyday (no statement). Also, if you don't see a ! in the DOM it is not real money. It does not mean that Bob did not make 300k, but there are times when he can be trading off screen with unknown lot size.
This is not a style or method that is working for me at the moment. If it works for you in real or sim money then you should post your experience here. That is all.

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  #39 (permalink)
GuyMM
miami florida
 
 
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Sure, the clarification comes in the form of C# programming:

In NT7, the “!” is a character that delimited three field of data, FCM Name, Account Name and Display Name. NT7 relied on this character to be able to parse out these three fields thus it wasn’t an allowable within user defined simulation account names. Since NT8 was redesigned, we added these three fields of data as properties of the Account class eliminating the need to parse strings and ultimately having cleaner code design.

So, just to clarify, are you saying that with NT8, there is no way to know if an account field with the "!" character is a real money account or Sim?

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GuyMM
miami florida
 
 
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Folks, listen up.

Having spent time in the room on multiple trials (paying $10 a pop), I can say with 100% conviction that Bob is all smoke and mirrors and isn't trading with real money; and why should he? He's making over $300K playing the Wizard of Trading Oz with order flow. The sad truth is he's simply a breakout trader looking for a few ticks before getting stopped out. If making money in the long term trading this simple method was possible, there would tons of trading millionaires starting with $10K accounts. Statistically, breakout trading has no edge. Professionals are known to fade breakouts leaving the novices holding the bag. Google it if you have doubts.

Furthermore, there is no way on God's green earth a room member can emulate all of Bob's trades. There are too many in markets that trade by appointment with no liquidity. This is by design to allow him to show a scalping profit while the markets you traded, with some liquidity, generate a loss. Also, there is an Internet lag between the room and the time it shows on your screen, so shadow trading is a mirage.

Bob happliy employs Dean Handley as in house shill, to tell everyone how great Bob's calls are without a shred of evidence either of them are trading with live, real money accounts. Handley claims he's trading in 5 rooms at the same time. Anyone with knowledge of what it takes to trade profitably knows that is a crock.

It's well documented, but worth repeating, that Handley has been exposed as a bad actor who manipulated FDA patient trial data when he worked for a drug manufacturer to push the drug for approval, knowing that the data was false and thereby putting the health of the American public who may need this drug at serious risk. He was censored, tried, and found guilty by the FDA and SEC; and, in disgrace, was unceremoniously terminated by his employer. Shamed, unemployed and unemployable, "Dr." Dean reinvented himself as the Einstein of trading rooms, giving out glowing recommendations from all room operators who would pay him a monthly fee. Pay for Play if you will.

Last but not least, Bob has had his own run in with the law as an admitted felon in the largest mortgage scam in NY resulting in tens of $ millions in losses to banks and individual investors. That's not to say a crook can't redeem himself and turn over a new leaf, but many say a leopard doesn't change his spots. Same old wine in a brand new bottle? You decide for yourself.

Save the $10 and donate it to a worthwhile charity, not Bob Amico and Dean Handley's bank accounts.

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  #41 (permalink)
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GuyMM View Post
So, just to clarify, are you saying that with NT8, there is no way to know if an account field with the "!" character is a real money account or Sim?

That is correct.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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GuyMM
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That is correct.

Thank you.

This is an invitation for fraudsters like Bob to do what they do best; namely, dupe the public and make false representations. All the more reason to get copies of broker's statements from those who claim they trade with real money in front of your eyes.

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  #43 (permalink)
 chrisumerie 
ikeja, lagos, nigeria
 
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.... seems like some people have personal scores to settle with a good man (Bob Amico). I don't think that this is the right forum for that.

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  #44 (permalink)
 BeastModeTrader24 
Seattle Washington/United States
 
Experience: Advanced
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I've supported Bob here in the past and I'll continue to do so. All this crap about providing statements and does he or doesn't he trade a live account is secondary to whether or not some people find that he is very helpful both as a trade leader and a mentor who is teach people to trade using order flow. Bob has also helped many traders achieve funded status with both Top Step Trader and One Up Trader.

I can't say for sure that he is or isn't trading a live account nor do I care. He treats his trading as though it is real money and has the pressure to perform well on a daily basis for the 100+ traders in the room. This is not an issue for me.

His style works for him and he teaches it as best he can to those who join his trade room. At times it's too frantic for me but for the most part it's a joy to be in his room and to follow his lead as best I can.

For those of you who don't like his approach or insist that he is somehow deceptive if you think you are helping other traders by bashing Veritas Trading I would argue that you are doing them a disservice. You should state your concerns/issues but encourage other traders to experience his room for themselves in order to draw their own conclusions.

In closing is there are better trade room than Veritas Futures? Sincerely is there? Who?

I'm sure I'll get "pitched high and tight" again for this post so fellas let's just keep in civil. Thanks...

BMT24

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  #45 (permalink)
 mayazoro 
tucson
 
Experience: Advanced
Platform: Sierra Charts , Sceeto andTOS
Broker: AMP-Rithmic
Trading: ES
 
Posts: 24 since Feb 2010
Thanks: 3 given, 34 received

Think for one minute Why a good trader will open a trading room and have to deal with 50 to 100 students and miss so many trades helping all his students when he
can make money trading his own money with no distractions
Well you will said he wants to help traders, yea right. I take one week trial and paid for one month to see if someone can make money with him. Bob has a very good personality and he can express himself very well he is charismatic and sure of himself . All good qualities of an excellent seller and that what all the educator in this business are, they make his money
from you and they make good money, why do you thinks are so many gurus, Bob is not honest he make so many calls and only talk very highly of the good calls and silence on the bad ones and keep jumping from one instrument to another and stay with the calls that are looking good, no one can mimic his trade forget about it. I toll him that he care more about his glory and the money than really help new traders . and this is not only Bob doing this is probably 95 % of the educators.
If you are a good trader you can make the money trading and if you want to help traders help them .if you have a room is because you can not make Money trading and that the true.

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  #46 (permalink)
 mayazoro 
tucson
 
Experience: Advanced
Platform: Sierra Charts , Sceeto andTOS
Broker: AMP-Rithmic
Trading: ES
 
Posts: 24 since Feb 2010
Thanks: 3 given, 34 received

there is a strong urgency to defend the leader of the clan this is normal nothing wrong when you want to protect what you believe but you have to be honest with your self so you can see more clear. I had been there when I was learning.
If you are student and believe in him is nothing wrong to come and defence him but if you try to advertise and promote him that another thing

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  #47 (permalink)
 mayazoro 
tucson
 
Experience: Advanced
Platform: Sierra Charts , Sceeto andTOS
Broker: AMP-Rithmic
Trading: ES
 
Posts: 24 since Feb 2010
Thanks: 3 given, 34 received

We know it is important to decide whether a mentor is worth your investment of trust, time and resources. So you may want to ask yourself and them:

Have they fully achieved what you want help with?
Do you see the same results in their community?
Is there a clear system and roadmap to get you those results?

Then you’ll know what you can expect.

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  #48 (permalink)
 estrade 
Austin/TX
 
Experience: Advanced
Platform: NT
Trading: ES, TF
 
Posts: 48 since Jun 2010
Thanks: 3 given, 19 received

I got some good looking emails so went on another trial.

EMAILS like this "After watching me trade, IN FULL VIEW to a total of (so far) +$" 4k 5k 6k

OKAY. Here is what happened.

On his winning trades the DOMs were not on the screen until they were winners.
FULL view? NO. And he has 6 monitors.

He said that he "doesn't care if you (members) only make $50"
"there is no way I will ever leave my DOM's on the screen and line them up"
Prior his reason was that he is teaching. A lot of his winners are after the fact.

Now he is going for his Classed licence so that he can promote trading your money.
I have a friend who told me that Bob Amico of Veritas (different name before Veritas) lost his 50k in a fund trading the same method.
I remember back then I was in the room and he accidentley pulled the fund DOM over and it was down big with big lots in a trade. But the members small trade was totally different (the trade).

My friends words, "I wouldn't go near Bob Amico with a 15 foot pole and that he doesn't trade real money".
I've checked for a statement from his promoter Dean Handley and I got a pic of some written notes from Bob. Nothing real.

Skip this one. I don't see the honest FULL view or real statistics for the last 3 years as promoted on his websire. no ! Not Transparent or FULL view. One monitor with DOM off and on randomly but surely if he hits a winner. Multiple accounts.

Why does he need your money for his fund? Why not only triple up the lot size on his own account?

I would give it a 6/10
Sales 10/10 and emails

Very difficult to trust your money here otherwise I wouldn't be doing a review.

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  #49 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,727 received

To get the full story since when tradingfuturesinaction, followed by veritas started, see the several pages of comments from this page onward. Very enlightening.

http://www.tradingschools.org/reviews/global-trade-room/

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  #50 (permalink)
GuyMM
miami florida
 
 
Posts: 40 since Aug 2015
Thanks: 30 given, 47 received


estrade View Post

Now he is going for his Classed licence so that he can promote trading your money.

Bob Amico will NEVER get a CTA license from the NFA to trade other people's money. Why? He is a convicted felon who cheated banks and investors out of $60 million in the largest mortgage scam in NY.

Amicos Plead Guilty in Connection With $60 Million Mortgage Fraud Conspiracy Case | RealEstateRama

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  #51 (permalink)
GuyMM
miami florida
 
 
Posts: 40 since Aug 2015
Thanks: 30 given, 47 received


chrisumerie View Post
.... seems like some people have personal scores to settle with a good man (Bob Amico). I don't think that this is the right forum for that.

With all due respect, I doubt you would call Bob Amico a "good" man if you were a victim of this fraud he perpetrated with his father, brother, and a few other co-conspirators. Was Bernie Madoff a good man, too?

Amicos Plead Guilty in Connection With $60 Million Mortgage Fraud Conspiracy Case | RealEstateRama

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  #52 (permalink)
 TheBenefactor 
Pensacola FL
 
 
Posts: 57 since Jun 2016

People.

People.

Watch American Greed. If you look at most of the stories Stacy Keach is not only going after the con man, there is a little pointing out of the greed and stupidity of the victims.

When you tell the interviewer that the STRANGER, you gave your complete $289,000 life savings to the "nice young man who seemed nice" and was wearing a gold watch: YOU DESERVE TO LOSE ALL YOUR MONEY.

I am only sorry they didn't give half to the con men and half to me.

Send me $1,000 and I will have God come down next week and wash your car and grant you 3 wishes.

Bob, "Bam Bam" Amico is a con-man. He only got out of jail because his brother died in prison and the judge felt a bit sorry.

He, like Wall Street Wolf Jordan Belfort, still owes money to the victims. If he is telling the truth about even having a futures account, someone in his ROOM should yell out, "Hey Bob, pay off your *%&)$#@ victims before buying cattle.

Instead of giving this fraud money, better find a "nice" date for your daughter, someone like nice looking, smooth Ted Bundy.

Another sign that Bob Amico is a fraud? LOOK AT THE CON MAN PROMOTING HIM. Dean the scheme Handley, another professional extortionist. Handley still promotes Bam Bam and the other TITAN True North Trading. That one was set up by his wife.

There are so many "half scams" out there. How about the I will fund you trading education site.

We are so good you can learn to trade from us then we will trust you with our money.

OK step right up to the Barnum trading room. I will teach you for a cost of about $10,000 unless you fail a couple of my courses and I have to charge you for retaking the classes. Don't worry. I will stop charging you when your stupidity is overcome by the declining balance in your checking account and the rising balance in your credit card account.

Then you can trade my money. You will not get possession of my money but I will link an account for you to trade with a strict 'CLOSE THE ACCOUNT PERMISSION' to the broker if you are ever down 30%.

Then we will help you regain your confidence by training you some more. Dont worry. Pay me. Because some day, you will be able to trade without using any of the money you don't have once you have paid me all the training fees.

HAVE A good weekend. I was going to the gym but a door to door sales guy just sold me a pill that will let me gain 30 pounds of muscle, lose 20 pounds of fat, and make the next NFL first round draft without the bother of nasty sweaty workouts.
TB

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  #53 (permalink)
 centaurer 
south africa
 
 
Posts: 169 since Dec 2018

There is a ton of credible and brilliant people in this industry.

They work at hedge funds and get 6-8 figure bonuses.

If someone says they are making a ton of money mining gold with one of these I don't care what they say their track record is, they are full of shit.



Mining gold is a very capital intensive business that in 2019 is done by machines(gee what other business does this describe in 2019 we all might be interested in?). If you want to pay a con artist to show you how gold was mined 100 years ago then you will get what you pay for.

It is also amusing if you think back to the gold rush it is easy to see how such a situation would attract con artists like flys. Gee what other business does this describe in 2019 we all might be interested in?

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  #54 (permalink)
 jmh13 
Argentina
 
Experience: None
Platform: Ninja
Broker: Ninja
Trading: DC
 
Posts: 262 since Jan 2017
Thanks: 17 given, 126 received

Have been in Bob's room for awhile and Bob is slowly grinding it out makin some $$.

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  #55 (permalink)
 mediaboy 
Durham, NC
 
Experience: Beginner
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: ES
 
Posts: 31 since Nov 2009
Thanks: 6 given, 15 received

Scam -- i was a member of the other group he was in with some dude from Iraqi ... They had some falling out Bob started up his own group. Dont bother .. .waste of money. Directional trading doesn't have any secrets

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  #56 (permalink)
 tiaulu 
ROME ITALY
 
Experience: None
Platform: NinjaTrader
Trading: Futures
 
Posts: 14 since Jul 2013
Thanks: 0 given, 4 received


NinjaTrader View Post
That is correct.

Ninjatrader so you are a real disappointment you are accomplices of the scammers themselves that you affiliates as a partner

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  #57 (permalink)
 JonnyBoy 
Market Wizard
Montreal, Quebec
 
Experience: Advanced
Platform: NinjaTrader 8
Broker: Kinetick
Trading: ES
 
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Thanks: 706 given, 3,751 received


tiaulu View Post
Ninjatrader so you are a real disappointment you are accomplices of the scammers themselves that you affiliates as a partner


NinjaTrader View Post
That is correct.


GuyMM View Post
So, just to clarify, are you saying that with NT8, there is no way to know if an account field with the "!" character is a real money account or Sim?

Hold on a minute before slamming NinjaTrader

As far as I know, if you create a new SIM account and name it something to resemble a real account, it will always prefix SIM before the account name. This is hard coded into NinjaTrader 8 is it not?

If it is a legitimate account you are connected to, it will display the actual account number and no SIM prefix. So to put another way, I don't know how you would show a fake account as a real account in the latest version of NT8, but I am prepared to be enlightened. As you stated this was a scam tactic in NT7, where you could make a SIM account appear like a LIVE account with a few clicks.

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
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  #58 (permalink)
 NinjaTrader  NinjaTrader is an official Site Sponsor
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Web: NinjaTrader
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JonnyBoy View Post
Hold on a minute before slamming NinjaTrader

As far as I know, if you create a new SIM account and name it something to resemble a real account, it will always prefix SIM before the account name. This is hard coded into NinjaTrader 8 is it not?

If it is a legitimate account you are connected to, it will display the actual account number and no SIM prefix. So to put another way, I don't know how you would show a fake account as a real account in the latest version of NT8, but I am prepared to be enlightened. As you stated this was a scam tactic in NT7, where you could make a SIM account appear like a LIVE account with a few clicks.

Client side NinjaTrader created simulation accounts start with "SIM", that is correct. NinjaTrader does not always know if a broker/ISV provided account is real or simulation. To NinjaTrader, its just an account.

Disclosure: This communication is sent to you by NinjaTrader, LLC, a software development company which owns and supports all proprietary technology relating to and including the NinjaTrader trading platform.
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  #59 (permalink)
 jmh13 
Argentina
 
Experience: None
Platform: Ninja
Broker: Ninja
Trading: DC
 
Posts: 262 since Jan 2017
Thanks: 17 given, 126 received

Hi, Bang Bang Bob has a deal you you.

$500,000.00 In Gross Special Offer!
Traders,

Each of you are receiving this email because you have trialed with us at some point. Maybe you sat in several years ago, are an old member or recently trialed but you have ALL seen the room.

In less than 4 years as a room we have almost attained a gross number unimaginable in this business, that of half a MILLION dollars (currently we sit at $498,495.00) which should be eclipsed this week!

To commemorate this special occasion I am offering discounted membership on both the ANNUAL and QUARTERLY membership..

Annual Membership: Normal pricing $3,997.00 discounted to $1,997.00 (order flow indicator will not be included) but does include;

1) 12 month's in the room
2) Access to the Member Area which contains numerous educational videos
3) 1 on 1 education as you need
4) 1 week to sit with me at NO charge
5) Indicators I use aside from the order flow


Quarterly Membership: Normal pricing $997.00, discounted to $697.00!

1) 3 month's in the room
2) Access to the member area
3) Indicators I use aside from order flow

Use the BUTTON below to email me and I will send a discounted PayPal invoice and you can be with us as we eclipse this historic number!


These specials will not be offered again and will END June 3rd!

Probably no takers

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  #60 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,727 received

Aw come'on, beside the $60 million mortgage fraud indictment, Amico had already been exposed in GTR's review and comments where angry past room members who wasted and lost thousands called him out on his part of the fraud and then saw the same shenanigans in his new room.

http://www.tradingschools.org/reviews/global-trade-room/


"I too attended a fair few of the trial days and they were a total sham as reported by Emmett’s review. Bob – you ran a fraud service , your claims at having 100% verifiable trades was utter BS and many traders lost or wasted money on the back of your lies. It would be nice to hear a bit of contrition before you try another route to get back in the game. . You have much work to do to convince readers that you’re an honest reformed man selling a decent product."


http://www.tradingschools.org/reviews/global-trade-room/
http://www.tradingschools.org/reviews/global-trade-room/
http://www.tradingschools.org/reviews/global-trade-room/
http://www.tradingschools.org/reviews/global-trade-room/
http://www.tradingschools.org/reviews/global-trade-room/

"BarryK February 12, 2016

Bob Amico’s new room https://www.tradingfuturesinaction.com is an extension of the shenanigans he played with Global. Amico lies through his teeth in the room claiming (1), he always shows a DOM (only sometimes); (2) he calls trades in advance in time to get in them (not easily done since the price has already moved in his favor AFTER he announces it, and (3) perhaps the biggest lie of all; namely, he’s “trading his own live, real money account as shown in his projected DOM with 100% transparency.”

After an in depth investigation with Dorman Trading and Ninja Trader, I learned the account depicted in Amico’s DOM was indeed a Sim (not real money) account and doctored up to appear as though it was a live, real money one with Dorman Trading. When Amico was confronted via emai whether the DOM he displayed in the room was real money–as he stated multiple times each day–or Sim, he danced around the question every which way he could with answers that weren’t relevant and finally stopped the email dialogue never answering after multiple attempts by me to get a simple yes or no to this straightforward question..

Some say a leopard doesn’t change his spots and in this case, I conclude Amico is back to doing what he does best–lying to separate aspiring traders from their money.

My advice is to stay away from https://www.futuresinaction.com. There is no transparency, only deceit.
"

http://www.tradingschools.org/reviews/global-trade-room/
http://www.tradingschools.org/reviews/global-trade-room/

" steve July 24, 2017
Veritasfuturestrading.com ,,,bob amico
"



GuyMM View Post
With all due respect, I doubt you would call Bob Amico a "good" man if you were a victim of this fraud he perpetrated with his father, brother, and a few other co-conspirators. Was Bernie Madoff a good man, too?

Amicos Plead Guilty in Connection With $60 Million Mortgage Fraud Conspiracy Case | RealEstateRama

http://www.tradingschools.org/reviews/global-trade-room/

"
BarryK February 19, 2016
For those of you having trouble downloading the link from sendspace, this may be better.
( )
"

^
"Mr. Amico was ordered to pay $15,544,169.00 in Restitution. As of 03/31/2015, he has paid $286,157.21 and has an outstanding balance of $15,264,712.94"

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  #61 (permalink)
 TheBenefactor 
Pensacola FL
 
 
Posts: 57 since Jun 2016


prisoner6 View Post
I agree with all you've said. Personally, I've not been able to make money with Bob. I just can't take trades at the high or low of the day, in the direction of the high or low, and be happy with scalping 4 to 6 ticks on a momentum play. Initially, he was shooting for 10 ticks on 2 contracts, but lately, he's been happy with getting 4-6 ticks. He's generally making 750-1100 a day, but that's on close to 20 trades, on 3 lots per. So transaction costs can eat you up pretty quickly. He is very helpful, totally agree with that, and accessible.

He's apparently close with Dr. Dean Handley, as a matter of fact, he has him speaking in the room right now. Dean says he monitors 4-5 rooms a day, and I guess this is one of them.

He will do his best to keep trading until everyone is green for the day. His trials are pretty reasonable. But it is about 300 a month for a quarterly membership. The people in the room seem to be pleased with the results, so you may be as well.

OMG.
Dean Handley?

All he needs now is Jordan Belfort and Bernard Madoff's endorsement to complete the "Veritas."

C'mon people do your homework. One of my functions through the years is being an expert witness at trials regarding money - like you know SEC, NYSE, Attorneys General. Civil and criminal.

I know a lot of the players.

Think about the 4 to 5 rooms per day claim.

There was a civil action brought against Handely by a former New York prosecutor Alex Wasilewski and during the deposition of Handley the claims of "room monitoring" were brought up.

This is the gist of attorney Jose Lorenzo deposing Handley:

JL So Mr. Handley ...
DH Dr Handly ...
JL OK Dr. You claim per your writings and on your web sites that you have monitored over 920 rooms over 5 years is that correct?
DH Correct.
JL Do you have a staff helping you, such as Consumer reports? Someone else who reports to you that perhaps you were not able to verify the performance of such trading rooms?
DH No. I do all the monitoring myself. I don't leave anything to chance. My numbers are based on mathematical statistical analysis. I trust my expertise alone.
JL OK. Let me ask you, do you think it is fair . . . let me rephrase, do you think you can validly analyze any kind of performance if you only spend an hour or even a day in any particular room?
DH Per statistics one needs at least 30 samples to become valid. Not only do I spend at least 30 days of intense monitoring, in most cases I spend 3 months in each room, recording or taking the trades that the monitor calls.
JL Hmmmmm. Let me get my calculator.
3 months per room lets you do 4 rooms per year.
900 rooms divided by 4 equals 225 years to evaluate all those rooms.
So you claim you started evaluating trading rooms when George Washington became President - in 1789?
DH I dont monitor 1 at a time.
JL Well you only have 2 ears. Do you monitor 2 at a time?
DH No 4 most of the time.
JL Ah great. So 225 divided by 4 equals 56 years.
So you began to monitor trading rooms in 1956 when Eisenhower was President?
DH Whatever!

Frauds like Handley and Amico rely on desperate people who want to believe that there is a Holy Grail that will make them rich by following some Pied Piper in a home office trading room, that even when they check out these clowns, they defend the ripoffs.

So sad.

Here is one thing you should all learn. Trading and teaching are two different animals.

Goldman Sachs does not have "Bam bam Bob" calling out trades and then running back to a class room and teaching setups to recent new hires.

Linda Raschke used to trade while her partner then Chris Terry would moderate the trading room and discuss setups etc.

Trader separate from teacher.

I have traded for major financial institutions. I have also taught financial management, including trading.

I DID THEM SEPARATELY. I did not hold a lecture in front of 15 students then say "Hold on the YM just broke below 26807, got to put on a short trade. Be right back."

Treat trading like you would any other profession. Pretend you are going to start Harvard Law School next semester.

TB

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  #62 (permalink)
 jmh13 
Argentina
 
Experience: None
Platform: Ninja
Broker: Ninja
Trading: DC
 
Posts: 262 since Jan 2017
Thanks: 17 given, 126 received

If you go into a room and you can see the trades that person is taking and you can duplicate the trades and you make $$$ who really cares about anything else. You pay the fee and if not you split?

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  #63 (permalink)
 TheBenefactor 
Pensacola FL
 
 
Posts: 57 since Jun 2016


jmh13 View Post
If you go into a room and you can see the trades that person is taking and you can duplicate the trades and you make $$$ who really cares about anything else. You pay the fee and if not you split?

It sounds great but real life does not work that way.

The problem lies again that if you put on a trade "YOU ARE STILL RELYING ON YOURSELF."

How is a favorite guru allegedly showing "real trades" any different from any other indicator?

Doesn't your favorite indicator, let's say a moving average, show you when to buy and when to sell?

Why doesn't everyone then learn of a "profitable setup" and all make the same amount of money?

Let's say you take a course by GURU SUPER DUPER TRADER, OR WARREN BUFFET and you learn the rules.

Why doesn't everyone just buy when the "signal fires?"

Your system says go long with a 20 tick stop and a 45 tick target. Why do you get 10 traders with the same system and 8 will lose money and 2 will make a fortune.

Richard Dennis had a system where they bought a 20 day high and shorted a 20 day low. The whole world knew the rules. Why didn't everyone make 100 Million dollars like Richard did until trends disappeared?

I know 3 different people right now who run "trading alert rooms." They all have profitable trades over 75% of the time

When they post a trade about 1 in 10 in their rooms take the trade.

They have done extensive research. Some clients say, "Oh the risk was too big on that trade" or "Why were you going long? The trend was down." etc etc etc.

What happens when your favorite guru calls 2 losing trades in a row?

Of course you skip the third which makes more than the previous two losses. It all comes down to confidence and overcoming the conditioning to losses that we have.

TB

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  #64 (permalink)
 jmh13 
Argentina
 
Experience: None
Platform: Ninja
Broker: Ninja
Trading: DC
 
Posts: 262 since Jan 2017
Thanks: 17 given, 126 received

I agree with you 100%. There are a lot of scams people and rooms out there but if each person cannot trade they blame the room for everything even if the trades are good but they cannot become successful because of their own issues.
People use every excuse in the book for failed success. This guy was a crook 10 years ago...that's why I cant make money...ect…
That's same goes for Profile the new guru in town, webinars and other stuff that's advertised and promoted on this site and others. People are led to believe its all great but not everyone will be successful using it no matter who promotes it.
I have paid for dozens of rooms in the past. Most were trash, but I did take their trades documented at least a few hundred trades, evaluated it and made a informed decision if it worked for my style of trading and didn't make excuses for not making $$. Honest reviews are great but trashing someone or something without doing you own factual evaluation is ridiculous.

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  #65 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,727 received


jmh13 View Post
Hi, Thx for your candid , honest review of Gann Edge trading room. People who purchased these program have the most valuable insight to these rooms.
Dr Dean Handley put this room on the Global Trade Titan list as a good room. So I will stay away.

VeritasFuturesTrading has also been on Dean Handley's "Titan" farce list for a long time.

Not to mention: , and
,
,
.

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  #66 (permalink)
 jmh13 
Argentina
 
Experience: None
Platform: Ninja
Broker: Ninja
Trading: DC
 
Posts: 262 since Jan 2017
Thanks: 17 given, 126 received

Bang, Bang Bob has a new BOT. Anyone try it or check it out. Is it the real deal or a money grabber?

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  #67 (permalink)
 nightangel0203 
Yonkers
 
Experience: Intermediate
Platform: TradeStation
Trading: CL
 
Posts: 8 since May 2016
Thanks: 1 given, 6 received

Moving avg cross over with time frame filters. Nothing ground breaking

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  #68 (permalink)
 Cloudy 
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,135 since Jul 2011
Thanks: 2,388 given, 1,727 received

Oh please..

"Veritas Order Entry BOT: $2497.00 (<-- newb "money grabber")
.blah...
No refunds; see no refund policy"


nightangel0203 View Post
Moving avg cross over with time frame filters. Nothing ground breaking

() (yep)

"
Monthly Membership: $397.00
​All morning, afternoon and evening trade room sessions.
Access to member area NOT included in monthly membership.
NO LONGER OFFERED
"
|
|
\/
"Quarterly Membership: $997.00
All trade room sessions.
Weekly live education
Profile and range indicator
Skype room overnight trades
"

"Yearly Membership: $3997.00
..
Includes Veritas Order Entry BOT ($2197 value)
..
Payment plan offered
No refunds; see no refund policy
"




(http://www.tradingschools.org/reviews/global-trade-room/)

"Emmett Moore

If I were to publish the private emails from very upset people, it would make you squirm with sadness. The majority of these people are extremely nice, very embarrassed and simply want to forget about the horrible experience. People that get hustled in scams are ashamed and embarrassed. The most read quote is, “how could I have fallen for this, it was so obvious."

"Back in 2015, TradingSchools.Org exposed this triple trifecta for what it truly is — a complete and total fraud. You can read our original review about Simon Jousef, Dean Handley, and Bob “Bang Bang” Amico here."


GTR & Dean Handley, under investigation by the CFTC incl. during the period Amico was with GTR

(https://www.tradingschools.org/reviews/the-trader-institute-global-trade-room-dr-dean-handley/)

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  #69 (permalink)
 jmh13 
Argentina
 
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I use a bt trigger lines indicator set to 21/8 with the same indicator on higher time frames for trend filter. If trading 3 min 5,10,15 for filter ect. trading 500 tic, 1000,1500,2000 trend filter ect. I use a simple 100 ma as trend filter. Any coder can code these indicators for a few hundred bucks in you need auto trade. Nothing new, repackaged indicators. Works some times. Diversification in many markets will improve outcomes.

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  #70 (permalink)
 TheBenefactor 
Pensacola FL
 
 
Posts: 57 since Jun 2016

Anyone considering buying bam bam's robot system can do some good:

Ask for the court information and send funds directly to the fraud victims, who were scheduled via court order to receive restitution.

If bam bam refuses I am going to wait for the Madoff "I am a fibber noce" system designed to break your bank.

Now let's get that rat Dean Handley in Federal prison.
TB

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  #71 (permalink)
 jmh13 
Argentina
 
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Targetstradingpro.com anyone try it out?

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  #72 (permalink)
 TheBenefactor 
Pensacola FL
 
 
Posts: 57 since Jun 2016

Would not give bam bam or any other system whereby he changes his name one penny.

A convicted con-man remains a convicted con-man. There are a few, like Frank Abagnale who turned his life around and now contributes to society, but 99% of them remain crooks.

Here is the thing about "auto systems" that trade for you so you do not have to do a thing.

If you developed such a system, why on earth would you sell it for $3,000?

The standard answer is "so you can help the poor slob who can't afford to pay more.

Big time trading is the realm of some very big amounts of capital.

Why sell a Holy Grail system to some poor newbie when there are whales willing to pay a Million Dollars for such a system.

If you have such as system that you bought for a few thousand dollars, and it makes you consistent money, LET ME KNOW ASAP.

I will pay you a Million bucks for it tomorrow. And if I get hit with "too many" Holy Grail offers I know a few big time institutional money people who will pay you truly big money for such a system.

Every fund manager I know would not look twice at something that has been offered for peanuts. They will think Scam immediately.
TB

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  #73 (permalink)
 ss108 
Chicago Illinois USA
 
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kevinkdog View Post
The fact that he refers to Gold and Soybeans futures as "indices" pretty much tell me all I need to know.

If that doesn't set off red flags, this statement should: "My knowledge base and expertise is like a Rosetta Stone"

And this piece of gibberish has to be the most interesting way to justify showing Gross P/L instead of Net P/L: "Gross P/L values are used to avoid negative statistical bias that occurs when evaluating net P/L" - Huh?


But I suggest you contact him, and ask him to prove he trades by showing brokerage statements. The answer you get will undoubtedly be enlightening,

It is in poor taste (And may very well be a violation of forum rules though certainly etiquette) for one vendor to comment on the veracity of another vendor unless perhaps the former is privy to unique information which upon it's disclosure will serve the public (trading community) good; OR unless the later has somehow publicly maligned the former it would then seem appropriate for the insulted party to respectfully defend themselves.

Ok, so I had a bit of fun with the above semi-legalese ( no Latin words or phrases so not full blown legalese imo, in case you are wondering) nevertheless I believe my stance is the correct one.
I hope I am not accused of playing baby moderator, I just did not like
what I was seeing irrespective of the presupposed guilt of any party. Though if the second half of the above applies then I am sorry for my lecturing tone.

I have no relationship with any trading/investing related vendor.

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  #74 (permalink)
 kevinkdog   is a Vendor
 
 
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ss108 View Post
It is in poor taste (And may very well be a violation of forum rules though certainly etiquette) for one vendor to comment on the veracity of another vendor unless perhaps the former is privy to unique information which upon it's disclosure will serve the public (trading community) good; OR unless the later has somehow publicly maligned the former it would then seem appropriate for the insulted party to respectfully defend themselves.

Ok, so I had a bit of fun with the above semi-legalese ( no Latin words or phrases so not full blown legalese imo, in case you are wondering) nevertheless I believe my stance is the correct one.
I hope I am not accused of playing baby moderator, I just did not like
what I was seeing irrespective of the presupposed guilt of any party. Though if the second half of the above applies then I am sorry for my lecturing tone.

I have no relationship with any trading/investing related vendor.

Flag the post and let the moderators decide. And then put me on ignore. Problem solved.

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  #75 (permalink)
 ss108 
Chicago Illinois USA
 
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kevinkdog View Post
Flag the post and let the moderators decide. And then put me on ignore. Problem solved.

Done and done. Though my initial comment stands irrespective of what a moderator decides to do, just think thru the ramifications
of your post were it allowed to exist, we would have vendor on vendor flame-wars without end, most of these kinds of posts would assuredly be in contradiction to the ethos of this fine forum, apart from smacking of self-interest.

There is more than enough vendor deception transpiring in this business, why create another problem ?

Done again.

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

Edited several times for grammar/punctuation/stylistic components .

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  #76 (permalink)
 jmh13 
Argentina
 
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How can some one convicted of financial crimes be allowed to work in the financial industry?

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  #77 (permalink)
 ss108 
Chicago Illinois USA
 
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jmh13 View Post
How can some one convicted of financial crimes be allowed to work in the financial industry?

To me it depends on the severity of the crime. For instance, if a broker comingles his funds with that of his client, but for good reason (In a moral sense), then I personally believe this broker should be allowed to work in the financial industry though if the broker in question has tried to embezzle client funds then he or she should be banned for life or at least a good long time.

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  #78 (permalink)
 JonnyBoy 
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Montreal, Quebec
 
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jmh13 View Post
How can some one convicted of financial crimes be allowed to work in the financial industry?

It happens all of the time. I knew of a guy (I parted ways with him many years ago) that got booted off a number of exchanges and fined numerous times. I was going to post some links about him but that would be too off-topic for this thread.

Anyway, he went on to become an "entrepreneur", essentially creating 'in vogue' tech startup companies, securing millions of dollars of funding, creaming as much money off of the top and then folding the company. All this within the bounds of the thick grey line of law that these kinds of people tend to walk on.

You just need to Google his name and all of his wrongdoings are on the first page, but how many investors do you think did that? Slim to none.

So, if these kinds of people fall foul in one capacity, they'll just pop up somewhere else with a twist on the original. It is too easy to do and happens all of the time.

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
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 jmh13 
Argentina
 
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Works just like a 2495 model. NQ 500Tic and 15 Range. ES 987 Tic, Test for yourself and compare.

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  #80 (permalink)
 jmh13 
Argentina
 
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Bang bang has competition. BFFT Rapid Fire. I will watch take live trades and provide my 2 cents. I am not a subscriber and do not own the software.

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  #81 (permalink)
 JonnyBoy 
Market Wizard
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jmh13 View Post
Bang bang has competition. BFFT Rapid Fire. I will watch take live trades and provide my 2 cents. I am not a subscriber and do not own the software.

It is strange that you have shone praise regarding BTTF Trading in 2 threads now, but you are not a subscriber nor do you own the software.

I am sure you have seen this review

https://www.tradingschools.org/reviews/back-to-the-future-trading/

--------------------------------------------------------
- Trade what you see. Invest in what you believe -
--------------------------------------------------------
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  #82 (permalink)
 jmh13 
Argentina
 
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Correct I am not members of any room/vendor.
But when they offer trials my method of evaluation is to traded the trades they are calling, placing giving and to determine if what they are saying or doing is valid. For instance BTTF sends out their calls every week for 2-3 days. I take them and evaluate if they are good or bad. This is my way of evaluating a vendor. Most traders read reviews and make their decision. If there trades are rubbish or good I give my 1.5 cents based on their calls.
My overall objective is to always finding a new edge in a constant evolving dynamic market.

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  #83 (permalink)
 jmh13 
Argentina
 
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bt trigger on 15R 2 good trades today

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  #84 (permalink)
 jmh13 
Argentina
 
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The clone bot trades on the 500t and 15 R...Get some?

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  #85 (permalink)
 jmh13 
Argentina
 
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ES 1000tic

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  #86 (permalink)
 JustinIsHere 
Montreal, Canada
 
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Some comments on Veritas trading room

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  #87 (permalink)
 estrade 
Austin/TX
 
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I have the Bots.

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  #88 (permalink)
 TheBenefactor 
Pensacola FL
 
 
Posts: 57 since Jun 2016


jmh13 View Post
How can some one convicted of financial crimes be allowed to work in the financial industry?

Collecting money from stupid people and pretending one is trading when that person has zero experience and got out of prison is not working in the financial industry.

You can start a trading consulting service right now.

All you need is a web site and stupid people.

People who have served 10 years in prison for serious theft and fraud are not permitted to work for any registered legitimate broker dealer or NYSE member.

Period.

Mike Milken was just pardoned. He probably will not be working for Goldman Sachs this year.

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  #89 (permalink)
 Oriole 
Naples FLA
 
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estrade View Post
I have the Bots.

Do you actively trade them and are they profitable?

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  #90 (permalink)
 Cloudy 
desert CA
 
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Besides the past history of being a mortgage fraud felon to the tune of tens of millions. It sounds like some reading this thread may not be aware that Amico was the main trading room host working for globaltraderoom back in 2015. He cajoled chat members back then to dole up to over $10k for GTR's worthless trading course. Emmett's review and the comments stopped GTR in its tracks then, and since GTR, has been further exposed by the CFTC and their investigation.

The 22 page of exposing comments here: http://www.tradingschools.org/reviews/global-trade-room/

Amico also did a yt video rant for GTR against Emmett's review. The video has long been taken down , but it was hilarious. Reading the comments continuing on for 22 pages on the review comments, one can easily see dupes of the $10k+ course and as of the more recent review it was shown GTR chat room hosting never traded live and was a sim scam. Amico tried to weasal out of the recriminations posting there a lot in reaction to Dr. Nadina, another multi $k course victim as can be seen in the comments.

Amico and Sandy Seaghal soon quit GTR and started "tradingfuturesinaction" claiming they would be transparent and show a live account dom. Then later it seems Amico quit the team and started Veritasfuturestrading. The pretense at showing a live dom has long been dropped, where they probably lost live funds putting on a live demonstration, but now he can just get more victims and continue just faking in sim as usual.

If this is not enough history and exposure warning with the 22 pages of comments of victims lashing back at Amico for selling 10k+ courses in the chat room for Simon Jousef while trading sim, to stay way from this felon's current sim fakery "Veritas" site, then I don't know what is. And yes, Dean Handley was paid vig to include GTR as one of his "titans" also back then.

The GTR review and report of the CFTC's investigation and subpoena of supposed broker accounts which showed GTR never had live accounts, so in that following logic, Amico was never trading live as a host in 2015 GTR's rooms either. Here at: https://www.tradingschools.org/reviews/the-trader-institute-global-trade-room-dr-dean-handley/

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  #91 (permalink)
 Oriole 
Naples FLA
 
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Cloudy View Post
Besides the past history of being a mortgage fraud felon to the tune of tens of millions. It sounds like some reading this thread may not be aware that Amico was the main trading room host working for globaltraderoom back in 2015. He cajoled chat members back then to dole up to over $10k for GTR's worthless trading course. Emmett's review and the comments stopped GTR in it's tracks then, and since GTR has been further exposed by the CFTC.

The 22 page of exposing comments here: http://www.tradingschools.org/reviews/global-trade-room/

Amico also did a yt video rant for GTR against Emmett's review. The video has long been taken down , but it was hilarious. Reading the comments continuing on for 22 pages on the review comments, one can easily see dupes of the $10k+ course and as of the more recent review it was shown GTR chat room hosting never traded live and was a sim scam. Amico tried to weasal out of the recriminations posting there a lot in reaction to Dr. Nadina, another multi $k course victim as can be seen in the comments.

Amico and Sandy Seaghal soon quit GTR and started "tradingfuturesinaction" claiming they would be transparent and show a live account dom. Then later it seems Amico quit the team and started Veritasfuturestrading. The pretense at showing a live dom has long been dropped, where they probably lost live funds putting on a live demonstration, but now he can just get more victims and continue just faking in sim as usual.

If this is not enough history and exposure warning with the 22 pages of comments of victims lashing back at Amico for selling 10k+ courses in the chat room for Simon Jousef while trading sim, to stay way from this felon's current sim fakery "Veritas" site, then I don't know what is. And yes, Dean Handley was paid vig to include GTR as one of his "titans" also back then.

It's nuts. Thank you for that.

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  #92 (permalink)
 Cloudy 
desert CA
 
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Oriole View Post
It's nuts. Thank you for that.

Your welcome. I edited it late where I'd forgot to post the link to the more recent GTR review and report of the CFTC investigation and subpoena of GTR's supposed brokerage accounts which showed there was never any live trading. Their investigation tracked back the GTR 2014-2016 years of which Amico was head room host in 2015 so by that logic, he never traded on live accounts running trading rooms for GTR either.

The review link and CFTC report and indicting documents: https://www.tradingschools.org/reviews/the-trader-institute-global-trade-room-dr-dean-handley/

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  #93 (permalink)
lightsun47
Toronto, Canada
 
 
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Are you talking about back then in 2015?

Because he does trade live these days (since at least a few years) clearly showing the DOM with his live trading account whenever and wherever he enters any markets. (He trades like 20 instruments.)

That being said, not a fan of him either not because of his history, but most importantly, whenever he enters the trades:

'C'mon NQ go lower.'

'Ok guys, trade it as you see it fit because this trade may or may not work'.

'Ah! The buyers disappeared after that initial push on the order flow!'

All these negative comments and uncertainty does not make him a good trader as an average person will consider all this to be just a speculation based on order flow. Not actual and factual trading.

Of course, the profit and loss are visible on his DOM. But what's the point if it's just guesses?

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  #94 (permalink)
 Cloudy 
desert CA
 
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It's easy to mockup ninatrader to look like a live account, changing colors, even some tricks behind the scenes so that it's actually a sim account even pretending to be live. Regardless, there had been more recent comments on tradingschools about veritas where members last year are saying he (Amico) only shows the dom for a few occasional demo times as the usual "carrot stick", and gets testy when others ask him to put up the dom again, so who or what to believe? why still give benefit of the doubt again and again when it's been so failed before and GTR made over a million in course sales and chat room fees(by Amico as chief sales manager also) during that 2015 period. Anyway, newcomers can do what they want, eventually everyone learns how much of a typical scam they are like many others out there, and one will never learn to be consistent following these snakeoils and felons still owing restitution to prior victims.

"From 2014 to 2016, Simon Jousef sold 300 consumers a total of $1,300,000 in live trading room subscriptions and magical magnet trading indicators." , "That Simon Jousef claimed to be trading “live.” Yet, the CFTC discovered that he never even had a trading account."
-> https://www.tradingschools.org/reviews/the-trader-institute-global-trade-room-dr-dean-handley/

"Hypothetical" disclaimer on the veritas site:

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  #95 (permalink)
lightsun47
Toronto, Canada
 
 
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Cloudy View Post
It's easy to mockup ninatrader to look like a live account, changing colors, even some tricks behind the scenes so that it's actually a sim account even pretending to be live. Regardless, there had been more recent comments on tradingschools about veritas where members last year are saying he (Amico) only shows the dom for a few occasional demo times as the usual "carrot stick", and gets testy when others ask him to put up the dom again, so who or what to believe? why still give benefit of the doubt again and again when it's been so failed before and GTR made over a million in course sales and chat room fees(by Amico as chief sales manager also) during that 2015 period. Anyway, newcomers can do what they want, eventually everyone learns how much of a typical scam they are like many others out there, and one will never learn to be consistent following these snakeoils and felons still owing restitution to prior victims.

"From 2014 to 2016, Simon Jousef sold 300 consumers a total of $1,300,000 in live trading room subscriptions and magical magnet trading indicators." , "That Simon Jousef claimed to be trading “live.” Yet, the CFTC discovered that he never even had a trading account."
-> https://www.tradingschools.org/reviews/the-trader-institute-global-trade-room-dr-dean-handley/

"Hypothetical" disclaimer on the veritas site:

It's easy to change colors on the DOM, but is it easy to show the trading account in the same DOM as well? Because he used to show the DOM WITH the account (not blurred or SIM).

Not defending him or anything, but just curious. Thanks.

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  #96 (permalink)
 Cloudy 
desert CA
 
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lightsun47 View Post
It's easy to change colors on the DOM, but is it easy to show the trading account in the same DOM as well? Because he used to show the DOM WITH the account (not blurred or SIM).

Not defending him or anything, but just curious. Thanks.

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Sure, it's been done before with background configuration of NT, where one can change what appears in the text in the dom representing an account even if it was a sim feed. I recall seeing an example years ago using nt7 dom . I don't have nt8, but I would assume if NT can be modded or added on to with 3rd party products such as bookmap or jigsaw, a coder with knowledge of nt's internals and addon dev capabilities could mock up a dom showing a "live" looking account name for a fake sim feed for a vendor.

Alternatively, a scam vendor can also have a dummy live account to use occasionally for the carrot stick show, and accept some limited losses that are glossed over or never truly lined up with supposed posted website or email spam ad results when only provable by confirmed broker confirmation. (or subpoena of broker account results by the CFTC or some other legal authority). Because the fees, sales, and subs of fooled newcomers far outweigh in profit "live" performance if any. (usually none by most all of these "hypothetical" disclaimer trading rooms). They have a myriad of tricks and their hired coders can and continue to develop new ones.

And Amico had already helped Simon Jousef amass over a million in sales selling expensive ($7k to $10k+) sub or "education" material in the 2014-15 period investigated by the CFTC which also subpoenaed brokers related to the case, proving GTR had no live trading at all during Amico's invovlement. It was all foolery traderoom. (https://www.tradingschools.org/reviews/the-trader-institute-global-trade-room-dr-dean-handley/)

http://www.tradingschools.org/reviews/global-trade-room/


EDIT: Just looked at the veritas site. Now it basically says SIM trades "demonstrated" on the dom. -> And supposed "carbon-based", "silicon-based" sim trading for "track records" obfuscation and distraction. So it confirms recent comments and complaints on tradingschools last year by veritas room members that the dom or anything live is hardly shown. Now it looks like the dom is coming back but mainly in sim. So it's the second type of vendor trickery strategy , which is use of a small dummy-account of occasional sacrificial live trades for the carrot-stick purpose , while the rest of the time is sim and the ongoing email spam ads are full of trading "winners" alerts and supposed profitable bot performance.

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  #97 (permalink)
 jmh13 
Argentina
 
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Ex crook or whatever his Bot and trading systems works 70-75 % of the time like many others. Trade management is the key.

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  #98 (permalink)
 Cloudy 
desert CA
 
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jmh13 View Post
Ex crook or whatever his Bot and trading systems works 70-75 % of the time like many others. Trade management is the key.

A sim backtest, or sim period often looks good enough in that range. I'd doubt Veritas or Amico has much of a significant forward live testing record.

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  #99 (permalink)
 jmh13 
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Does the 30-35 % that it doesn't work consume your profits? Only your trade management will prove it.

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  #100 (permalink)
 jmh13 
Argentina
 
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Platform: Ninja
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Posts: 262 since Jan 2017
Thanks: 17 given, 126 received


Cloudy View Post
A sim backtest, or sim period often looks good enough in that range. I'd doubt Veritas or Amico has much of a significant forward live testing record.


What he posts is suspect. He posts winners and doesn't post losers like all other stuff sellers.

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futures io Trading Community Trading Reviews and Vendors > Veritasfuturestrading.com looks great!


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