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CyberTrading... University?
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CyberTrading... University?

  #1 (permalink)
miami,florida
 
 
Posts: 21 since Feb 2019
Thanks: 3 given, 18 received

CyberTrading... University?

Fausto Pugliese from Cyber Trading University , good salesman, relentless marketer (he is all over the space), not a good trader. Good for him ,not for the student /trader.
He makes his money selling the strategy that if you use Levell III you will see the big block orders in the Matrix(Trade Station)
.Do you honestly think the institutions are going to display their big block orders so everybody jumps in front of them? Fat chance! ,also "Spoofing " will render this guy's strategy worthless.
It cost me $2000 to find out all that ,plus to see this guy suffer to make a few points in a stock trade in his Friday room .
Then a huge fight with support to cancel my membership and Not get my money back (they resort to not pick up the phone, or respond to cancel request emails, resulting a charge for an extra month) .
. Better pick a credit card with good dispute center for the fight if you go.

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  #2 (permalink)
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  #3 (permalink)
desert CA
 
Trading Experience: Intermediate
Platform: NT7, TOS, TWS
Broker/Data: AMP, DT, TDA
Favorite Futures: CL,NQ,YM
 
Posts: 2,104 since Jul 2011
Thanks: 2,343 given, 1,671 received


Thanks for posting your experience. Sorry you got scammed, and you may have missed the tradingschools review back in 2016 :

https://www.tradingschools.org/reviews/cyber-trading-university/

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  #4 (permalink)
desert CA
 
Trading Experience: Intermediate
Platform: NT7, TOS, TWS
Broker/Data: AMP, DT, TDA
Favorite Futures: CL,NQ,YM
 
Posts: 2,104 since Jul 2011
Thanks: 2,343 given, 1,671 received

"Some trading vendors have caught onto this promotional stunt and have just made up their own “World Champion Trader” competitions, where they are the only person trading and the guaranteed winner. A perfect example would be Fausto Pugliese of the popular CyberTradingUniversity.com.

Fausto Pugliese claims to the 12-time world champion of a trading competition named, The World Trader Challenge. Had an entire website that acted like a personal shrine to his supposed trading greatness. Even hired a Playboy model to be his star student and spokesperson. Complete ridiculousness from a pathetic fraudster."


More here: (https://www.tradingschools.org/reviews/rob-hoffman-become-a-better-trader/)
have fun reading

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  #5 (permalink)
Mumbai, India
 
 
Posts: 153 since Jan 2019
Thanks: 169 given, 290 received

Unfortunately trading world is where everyone is selling you something, so I hope you have learned from this experience. Take it as paying learning fee for that, I was defrauded too by "course" sellers. But that experience thought me lot of things and set me on path of searching my own way.


In future if you do decide to pick up a mentor, please ask these 3 things
1. Trading account detailed P&L, yes its easy to photoshop but if you are observant enough you can still find signs of it.
2. Live videos (not prerecorded) of this said person trading with same strategies that he is selling to you
3. If the person is making so much money, why is he teaching/training? That sounds simple, but this is where most trip and try to flip flop like "giving back to community" or "Teaching was my passion" etc etc

If you find these type of people, run away, don't even allow them to contact you. These people have subtle way of talking you into doing things you otherwise wont do.

Hope you better luck next time

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  #6 (permalink)
Legendary Market Wizard
Cleveland Ohio/United States
 
Trading Experience: Advanced
Platform: Tradestation
Broker/Data: Tradestation, DeCarley, others
Favorite Futures: futures
 
Posts: 2,663 since Jul 2012
Thanks: 1,367 given, 5,092 received


LastDino View Post
Unfortunately trading world is where everyone is selling you something, so I hope you have learned from this experience. Take it as paying learning fee for that, I was defrauded too by "course" sellers. But that experience thought me lot of things and set me on path of searching my own way.


In future if you do decide to pick up a mentor, please ask these 3 things
1. Trading account detailed P&L, yes its easy to photoshop but if you are observant enough you can still find signs of it.
2. Live videos (not prerecorded) of this said person trading with same strategies that he is selling to you
3. If the person is making so much money, why is he teaching/training? That sounds simple, but this is where most trip and try to flip flop like "giving back to community" or "Teaching was my passion" etc etc

If you find these type of people, run away, don't even allow them to contact you. These people have subtle way of talking you into doing things you otherwise wont do.

Hope you better luck next time


I'm curious, what would you consider an acceptable answer to #3?

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  #7 (permalink)
Mumbai, India
 
 
Posts: 153 since Jan 2019
Thanks: 169 given, 290 received


kevinkdog View Post
I'm curious, what would you consider an acceptable answer to #3?

There is no set/acceptable answer to it, its just how you would react to it, its just there to rattle you. Most aren't hardened criminals or pathological liars, so they get shifty if they know deep down that they are just scamming people.

Sounds absurd but its playing on guilty conscience.

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