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Target Trader (www.proequitytrader.com)
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Target Trader (www.proequitytrader.com)

  #21 (permalink)
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Felton Trading

Zoethecus, did Roger Felton really do that with his wife? I was in his webinar tonight and he seemed like a slick salesman. He gave several excuses of why he doesn't trade live in the room (but at least he admitted to trading in SIM in the room). He asked if anyone thinks that Tiger Woods should be training someone to play golf while playing in the Masters. He also mentioned that he would need to be licensed as a CTA which I know for a fact is bs. I can understand not wanting to be distracted by teaching while you are trading but if you can't do this effectively, then why bother teaching if your methods are so good?

Sorry for being off topic on this thread.

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  #22 (permalink)
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Pro Equity Trader Free Trial

I forgot to mention, in the webinar John Gifford mentioned that there was a free 5 day trial and he provided the URL which brings you to their order page which has a link to a $19.95 5 day trial. Since when is $19.95 free? Hopefully the 95% winning trades isn't really 59%, lol.

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  #23 (permalink)
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skf42005 View Post
I was in a Pro Equity Trader webinar tonight and I have several comments. First, I was really rubbed the wrong way when John Gifford told us about his religious background and said that he had asked the good lord that if he was shown a way to make money that could be duplicated that he would show people how to do it as a way of giving back.

The Good Lord might be laughing.

I think that He might be neither interested in the business of redistributing money nor in selling snake oil.

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  #24 (permalink)
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proequitytrader

I have been in the room for one week. They took trades and never had one losing trade. The issue with such trading is after the fact.
Moderator in the room had no DOM up. He had his charts with indicators and when indicars would fire he would say etry long, or short. Well all is good when trade is going in your direction, but when indicators fired and trade did not go in your direction moderator was no where to be found!!!! LOL
For $6K hire your self a pro to teach you how to trade. I would say several traders in this forum who do know how to trade would teach for less and one would get more. I hope I'm right.
Just my view on proequitytrader.

TickVix/Gregory

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  #25 (permalink)
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skf42005 View Post
Zoethecus, did Roger Felton really do that with his wife? I was in his webinar tonight and he seemed like a slick salesman. He gave several excuses of why he doesn't trade live in the room (but at least he admitted to trading in SIM in the room). He asked if anyone thinks that Tiger Woods should be training someone to play golf while playing in the Masters. He also mentioned that he would need to be licensed as a CTA which I know for a fact is bs. I can understand not wanting to be distracted by teaching while you are trading but if you can't do this effectively, then why bother teaching if your methods are so good?

Sorry for being off topic on this thread.

My understanding is this woman was exposed by a member of ET. First, he learned she was Roger's secretary, who also turned out to be his wife.

The Tiger Woods analogy is ludicrous. Felton has never demonstrated he can profitably trade with cash; Tiger Woods is one of the best golfers of all time.

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  #26 (permalink)
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Okay... so being a woman in the trading market is slim and few, but being a housewife as well, I must be a hoax? BS! Well, guess what... I'm a housewife, a mom, and I TRADE! OMG! ludicrous, right??!!!!
Obviously, this male dominated forum is not the right place for me!! I joined to learn more from others, and share my success... I assume that is what this is all about! Do I pitch the product I purchased? damn right. I bought it, it works, I'm happy and it makes me money! Who wouldn't?!?!?!
Guess I will go back to observing, learning, and NOT sharing!



Fat Tails View Post
The housewife idea is not bad marketing. They try to lure inexperienced traders, so they need a sample customer who triggers the purchaser's confidence in the product. It is a bit like the testimonials on the websites.

The reaction is supposed to be: If that housewife can be successful, I can do that as well,. No losing trades in several weeks! after all the product is not that expensive.

But the housewife story and the statement that there were no losing trades over several weeks - with a stop loss of 2 or 3 ticks - reveals that they are hunting for credulous beginners.


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  #27 (permalink)
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TraderBee View Post
Okay... so being a woman in the trading market is slim and few, but being a housewife as well, I must be a hoax? BS! Well, guess what... I'm a housewife, a mom, and I TRADE! OMG! ludicrous, right??!!!!
Obviously, this male dominated forum is not the right place for me!! I joined to learn more from others, and share my success... I assume that is what this is all about! Do I pitch the product I purchased? damn right. I bought it, it works, I'm happy and it makes me money! Who wouldn't?!?!?!
Guess I will go back to observing, learning, and NOT sharing!

You offered to post your trading statements to support your claims on the success you had with this vendor. So far, you haven't done that. Perhaps you skipped my post about that.

https://futures.io/vendors-commercial-products/4746-target-trader-www-proequitytrader-com-2.html#post55552

I'm afraid without proof, you're really not "sharing" anything. The reason proof is required is because you said a vendor helped you. Experience has shown that people who make claims of extraordinary trading success due to a vendor's methods are not credible. In fact, most are shills. Coupled with the fact this is the only thread you choose to post in further raises the red flag about your intent.

So, instead of getting indignant about any perceived sexists comments from FT, post your statements if you really want help here.


Last edited by Zoethecus; August 19th, 2010 at 03:46 PM. Reason: typo
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  #28 (permalink)
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TraderBee View Post
Okay... so being a woman in the trading market is slim and few, but being a housewife as well, I must be a hoax? BS! Well, guess what... I'm a housewife, a mom, and I TRADE! OMG! ludicrous, right??!!!!
Obviously, this male dominated forum is not the right place for me!! I joined to learn more from others, and share my success... I assume that is what this is all about! Do I pitch the product I purchased? damn right. I bought it, it works, I'm happy and it makes me money! Who wouldn't?!?!?!
Guess I will go back to observing, learning, and NOT sharing!

I was not going to insult anybody, but as a trader I have learned to think in terms of probability. Let us have a look at some facts:

(1) Your first post ever in this forum is related to ProEquityTrader. So far you have not shared anything, but you came to this forum to defend your position. If I was a trading houseman, I would never come to BigMike's forum to defend ProEquityTrader with my first post, even if I was a satisfied user of that product.

(2) On the ProEquityTrader website ther are the following links:

- What is a futures contract? -> shows that the website aims at inexperienced traders (target)
- Why Trade E-mini Futures? Answers: "Easier than stocks". -> any seasoned futures trader knows that this is false, and again this shows that the website aims at inexperienced traders.

(3) The website does not contain valuable information on the trading method. All serious websites that I know do not hide what they do, and have published information on the methods used. There are no charts or information whatsoever. The Target Trader Video is temporariliy unavailable.

(4) Earn up to $ 500 for referring a friend. Looks like a structured marketing vehicle. Would serious websites like TTM, emini-watch, NEXGEN do this?

(5) Some further posts from TraderBee:

1st ever post on Trade2Win (May 14):

My Experience w/David Marsh and eminitradingstrategies.com
Many of my families members purchased Dave Marsh's auto trader for the emini and we were not impressed. We lost quite a substantial amount of money. We have found another product since then and it is AMAZING! It is great and they even gave us a 7 free day preview to see how it works before we purchased. www.proequitytrader.com
It is HANDS DOWN the best I have seen/traded! So easy!

2nd post (June 19)

Re: Some Advice please
If you are looking for something super easy to understand and incredibly accurate, check out www.ProEquityTrader.com
You can go to their website and join their Trading room free for a week and even try out their indicators before you buy... they don't really advertise that, but they let me, so mention it.
I'm just a housewife who trades for daily income, yet I I have not had a losing trade for weeks! The accuracy is great!

Good luck!

3rd post (June 19, same thread, after the 2nd post provoked a negative reaction)

Re: Some Advice please
Well I bought it and trade it everyday and it works... so there must be substance. You've obviously looked in the wrong places and had bad experiences. I'm not going to pretend to know a lot about the industry, but I know how much my account increases each week and those numbers are real!
Best of Luck!

4th post (July17)

Trailing stop advice????
Hi Everyone!

I am trading off indicators from Pro Equity Trader and I am wondering if anyone else uses a trailing stop on their system? The TF seems to move very quick so I have it set to move every 3 ticks behind the current price. Sometimes It'll come back and stop me at 3 ticks profit, other times I'll fill 10+ ticks profit. Should I give it more room with my stop? Should I be happy with 3-10 ticks each trade? Any recommendations would be much appreciated.
Thanks and happy trading!
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5th post (July 17, same thread)

Re: Trailing stop advice????
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Thanks for the feedback!!


Shadowninja- Yes, I am scalping ticks on the TF. I have a 9-10 winning ratio, but I get more 3 tick wins than 10+ tick wins. I wonder if I should make the gap larger so I don't get stopped out so quickly at only 3 ticks profit?

William- Yeah, maybe I should be happy with just taking 3 or 5 ticks every trade? That is how I was mentored, but I was fascinated with the trailing stop and thought I would experiment a bit.

Thanks a bunch!! I really appreciate the feedback!

Looks, like a promotional tour. The threat of NOT SHARING above is not really threatening, LOL.

(6) Domain was registered in Octobre 2009. Domain had been previously deleted for spam and abuse. The product has been recently launched. There is no known history for the product. It has never been mentioned on EliteTrader or T2W (with exception of the promotional tour of TraderBee). Unlike other well known professional websites, next to no information is given on the trading methods.


If you google the name of the Executive Head Mentor you will also find this:

Proven Online Marketing Ideas

About The Author, Timothy Mcgaffin

About the author: Subscribe to the authors' online marketing newsletter wealthy marketer where he will reveal the two biggest secrets to earning $10,000 or a month within 30 days. Also see: wealthy marketer to receive two valuable gifts the author uses daily in his online marketing.

I do not know however, whether the 2 Timothy McGaffins are the same person or whether this is mere conincidence, caution please!

As a trader I am thinking in probabilities, and with the information available to me, there is something like a 99% probability that this product is worthless, as all the alarm bells that can ring are ringing loudly.

Nevertheless, 99% is no certainty, so if somebody proves me wrong, please come in and lay out your arguments. As a trader I am willing to change my mind, if there is any new evidence. I am waiting.


Last edited by Fat Tails; August 20th, 2010 at 03:52 AM.
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  #29 (permalink)
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FT, that is some investigative job! Perhaps you missed your calling as a forensic crime detective.

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  #30 (permalink)
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Zoethecus View Post
FT, that is some investigative job! Perhaps you missed your calling as a forensic crime detective.

I just wanted to show that you can evaluate a service before paying a couple of thousand $$. I am certainly not going to do this for every website, which is mentioned on this forum. I just wanedt to show that you can judge most of the offers by information available to everyone, and TraderBee just contributed to my motivation with her post.

Maybe I will start a thread on websites that are recommended. But for sure some vendors will then try to hijack the thread and use it, as it is an open invitation to do so.

Preliminary work would be required to establish a set of fixed rules that a website should match to be admitted to that thread.


Last edited by Fat Tails; August 20th, 2010 at 03:54 AM.
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