Is School of Trade legitimate? (www.schooloftrade.com) - Trading Reviews and Vendors | futures io social trading
futures io futures trading


Is School of Trade legitimate? (www.schooloftrade.com)
Updated: Views / Replies:101,975 / 259
Created: by Aragorn Attachments:24

Welcome to futures io.

Welcome, Guest!

This forum was established to help traders (especially futures traders) by openly sharing indicators, strategies, methods, trading journals and discussing the psychology of trading.

We are fundamentally different than most other trading forums:
  • We work extremely hard to keep things positive on our forums.
  • We do not tolerate rude behavior, trolling, or vendor advertising in posts.
  • We firmly believe in openness and encourage sharing. The holy grail is within you, it is not something tangible you can download.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.


You'll need to register in order to view the content of the threads and start contributing to our community. It's free and simple, and we will never resell your private information.

-- Big Mike

Reply
 24  
 
Thread Tools Search this Thread
 

Is School of Trade legitimate? (www.schooloftrade.com)

  #31 (permalink)
Elite Member
london uk
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: Stocks
 
tellytub's Avatar
 
Posts: 409 since Jun 2009
Thanks: 333 given, 118 received

LloydH

SOT POT indicator is something he wrote, he did not take the code from cunparis, If you look back at when SOT started out, its well before cunparis version.

Reply With Quote
 
  #32 (permalink)
Trading Apprentice
Manchester
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: zen
 
Posts: 31 since Feb 2010
Thanks: 0 given, 13 received

Thanks tellytub, I understand it is different code and when I went to take a look at the differences between them I discovered the SOT PaceOfTape indicator is distributed by SOT as compiled code.

So my question for Pico Trader was where did he get the source for it?



tellytub View Post
LloydH

SOT POT indicator is something he wrote, he did not take the code from cunparis, If you look back at when SOT started out, its well before cunparis version.


Reply With Quote
 
  #33 (permalink)
Elite Member
london uk
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: Zen-Fire
Favorite Futures: Stocks
 
tellytub's Avatar
 
Posts: 409 since Jun 2009
Thanks: 333 given, 118 received



LloydH View Post
Thanks tellytub, I understand it is different code and when I went to take a look at the differences between them I discovered the SOT PaceOfTape indicator is distributed by SOT as compiled code.

So my question for Pico Trader was where did he get the source for it?

Hi LloydH

Sorry I don't know, sorry I can't be more of a use.

Reply With Quote
 
  #34 (permalink)
Trading Apprentice
Manchester
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: zen
 
Posts: 31 since Feb 2010
Thanks: 0 given, 13 received

More on SOT & JJ

For the benefit of any reader browsing this thread I wanted to point out a couple of more things worth noting about SOT.

JJ was caught red handed pretending to be a satisfied client, posting positive comments about SOT on a forum thread just thread like this one, details can be found in post #26 the following Aussie stock forums thread : Question about SchoolOfTrade.com - Aussie Stock Forums

SOT has desperately been trying to silence me from sharing my experiences and facts uncovered about the SOT scam. SOT tried to have my review videos taken down from You Tube using false claims of copyright infringement. Following an investigation by You Tube my videos were re-instated.

For those interested in more details on the SOT scam please take a look at these links also:
schooloftrade & James Wave | Trade2Win Forums
United Business Servicing - www.schooloftrade.com (SOT) & Joseph James

Reply With Quote
 
  #35 (permalink)
Trading Apprentice
Montreal
 
Futures Experience: Advanced
Platform: NinjaTrader
Broker/Data: CannonTrading /
Favorite Futures: Crude, TF
 
PiCoTrader's Avatar
 
Posts: 40 since Mar 2010
Thanks: 148 given, 47 received


LloydH View Post
Pico Trader, I know you usually respond quickly to emails and forum posts so its a little out of character for you to leave this one for a few days.

Unfortunately I am still trying to clarify this situation with the PaceOfTape indicator. I remember you mentioned to me that you had reprogrammed the POT indicator to add audio alerts. Given your last comments I take it this was not the cunparis code you modified? So I guess you must have obtained POT source code from JJ after all? I think it is interesting that SOT let you take their indicator source given you are now setting up your own Skype Trading Room.


Hi Lloyd,

I reprogrammed the PriceAlert indicator default with Ninja7 ( not the POT) to work with my own sound files
and use it to add audible alerts to the PaceOfTape.

I am still thinking to add my PriceAlert to the download section here.
Anybody could use it as a volume alert or any indicator level breaks.


I do not have JJ's code and though I am a programmer, I have no intention to crack it as I respect his proprietary rights.

Reply With Quote
The following 3 users say Thank You to PiCoTrader for this post:
 
  #36 (permalink)
Membership Temporarily Revoked
POrtugal
 
Futures Experience: Advanced
Platform: Ninjatrader
 
Posts: 54 since Nov 2009
Thanks: 0 given, 21 received

SOT indicators

You can ask him to turn on the chart trader!
I have already asked him for this but his anser whas NO.
So he is trading on the back ground and he only shows the chart when his first target is hit!

Can some one explane what kind of indicators and settings he uses?

What is the so called triger line? yellow line?

Is it an EMA and what kind of settings?

Best regrads,
Joćo


Last edited by jsengxx; January 27th, 2011 at 04:56 PM.
Reply With Quote
 
  #37 (permalink)
Trading Apprentice
Manchester
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: zen
 
Posts: 31 since Feb 2010
Thanks: 0 given, 13 received

Asking for a Ninja Trader performance report will reveal the true picture, I would expect to see plenty more trades than he actually shows on screen listed in there. JJ is quite skillful at talking over them. You might hear a him often say something like "Yes Joe, good question Joe what is the Fast Track", this is him buying time and changing the subject because he never continues to answer the question. I recorded an example of JJ in action calling a trade which goes bad an then it gets glossed over with alot of talk and waffling, YouTube - FakeTradingResults

Reply With Quote
 
  #38 (permalink)
Trading Apprentice
Manchester
 
Futures Experience: Beginner
Platform: NinjaTrader
Broker/Data: zen
 
Posts: 31 since Feb 2010
Thanks: 0 given, 13 received

I know it has now already been proven that JJ trades in SIM mode and SOT even admit this themselves but I'm interested in getting some other opinions on this quote from "Pico Trader" regarding Time & Sales data.

I understood the Zen Fire servers to be co-located on the exchange floor and all data on the connection with NT to be unfiltered. So in my video we saw 2 entries on the Time & Sales window at the price of 79.44 , one for 62 contracts and the other for 1 contract.

Is it really the case that JJ's 4 contract order would not be individually listed on the Time & Sales window but instead would be hiding inside the entry for 62 contracts as suggested by "Pico Trader" ?

If any trader who is experienced with this Time & Sales window stuff out there could advise on this situation it would be very much appreciated.


PiCoTrader View Post
I am a SOT member since January 2010.

I am very satisfied with my membership and all the help JJ gave me.
I wanted his PaceOfTape, autoLineFiles, chat room access and his mentoring support.
That's what I bought, that's what I got.

I 'd like to bring to your attention that the video Lloyd made is based on bad knowledge as I wrote back to Lloyd.


"
I watched your YouTube video Lloyd and just can't believe how newbie you are with the Time/Sell window.

Only a Newbie trader would expect the Time/Sell to display the 4 contract order used by JJ.
Come on Lloyd, you should know that orders are sent to the broker 'Mirus' and Mirus order book is sent to the market then Zenfire gets the market data back to our time/Sell window.
No individual is connected to the CBOT.
"

So the turning point for Lloyd as said in pic1, is not valid to me .

Lloyd may have some good points though, yet to prove, since I just can't trade JJ's way with the time/Sell window use for last confirmation...way too stressful.

Lloyd also pinpoints some concerns we have about how strangely quick JJ is at entering or exiting the market.

I love SOT and don't want to lose my membership but I subscribed when JJ was saying "start making money now" and this never happened, not because he may trade live or sim , I don't care, but because I have a big psychological issue from my stock trading experience.

Trading is about you, no one else can do it for you and subscribing to SOT helped me a lot.


Reply With Quote
 
  #39 (permalink)
Elite Member
Salt Lake City, UT
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: NinjaTrader Brokerage
Favorite Futures: ES, 6E
 
Aragorn's Avatar
 
Posts: 169 since Aug 2010
Thanks: 128 given, 219 received

I believe it was in October '09 that the Exchange changed the way they transmitted data. Before then they were bundling data and thereby obscuring individual orders. Traders, who understand how to read the T&S window and thereby attempt to track institutional orders cried foul as the information that was being sent out by the exchange was misleading. In October '09 they unbundled the orders and the orders coming across the T&S window are the actual individual orders as they go through the exchange.

Reply With Quote
The following user says Thank You to Aragorn for this post:
 
  #40 (permalink)
Elite Member
Columbus OH
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus/Zen-Fire
Favorite Futures: CL
 
Scott305's Avatar
 
Posts: 13 since May 2010
Thanks: 27 given, 4 received

Buyer's remorse


I paid to become a member of SofT last spring. I regret that decision. It really bothers me that JJ doesn't show his DOM so you're left with his version of play by play. He always seems to be in winning trades and when it moves in his favor he says did you guys get in with me instead of saying ahead of time exactly where he was entering.

Conversely, he has also has said he was in a trade then hemmed and hawed and said he wasn't in, that it was too risky. You wonder if anyone else just heard what transpired and you type it in and ... nothing. Ignored question.

Also, you can't see what other members in the room are thinking/saying since GoToWebinar blocks comments and only he can see what's what.

One of the ways he lured me to part with my cash was by selling this great secret he had concerning entering trades thru the NinjaTrader DOM. I watched his video on that subject and was just left with... huh? That's it? Fool me once...

Bottom line, if I could get a refund and never go back I'd happily take it. Live and learn.

Reply With Quote
The following 3 users say Thank You to Scott305 for this post:

Reply



futures io > > > Is School of Trade legitimate? (www.schooloftrade.com)

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

FIO Journal Challenge featuring NinjaTrader ($2,000+ of prizes)

May

An overview of volumetric analytical tools w/Sergey Sokolov @ PTMC

Elite only

John Hoagland (TBA)

Elite only

FuturesTrader71 Extended Ask Me Anything (AMA)

Elite only

Pete @ Jigsaw Trading (TBA)

Elite only

John @ No BS Day Trading (TBA)

Elite only

An Afternoon with FIO member Softsoap (being rescheduled)

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Anybody use Jake Bernstein DSI (www.trade-futures.com)? supermht Trading Reviews and Vendors 8 March 17th, 2016 08:03 AM
Trade 2 Live (www.trade2live.com) review gg80108 Trading Reviews and Vendors 20 December 23rd, 2015 02:47 PM
emini trading school (www.eminitradingschool.com) review drdam1 Trading Reviews and Vendors 29 October 28th, 2015 02:32 PM
Trading School Recommendation Request plethora Trading Reviews and Vendors 37 September 4th, 2012 12:02 PM
Thoughts on Back To School Zondor Off-Topic 0 August 14th, 2011 02:01 PM


All times are GMT -4. The time now is 11:10 AM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-05-28 in 0.13 seconds with 40 queries on phoenix via your IP 54.162.184.185