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


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

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  #81 (permalink)
hampton bays
 
Experience: Master
Platform: ninjatrader , TOS
Broker: CQG
Trading: FUTURES
 
Posts: 85 since Mar 2012

I don't want to start a fight in hear but do you people understand what your saying ?

Why would it matter if he trades live , imagine how hard it is to run a chat room and explain every trade and trade live at the same time ,

I did 2 free sesions and he made over $1000 every day so finally the last week I shadow traded him and I made the same but I only uses 2 contracts so I made half but he's calls we're clear and legit.

All he's tring to do is teach you how to trade I mean he even gives health advise and life advise . He's live every day , yes he talks alot but he is also a yOung guy , I like it gets u pumped for trading .

As with any product there will be people like Lloyd that don't like it and cause a problem so I wouldn't let him steer u away , just like Toyota with throttle sticking but they make a great car stilll.

Take a free coarse and look at his profit , he makes money for you that is all he works for is you .

I called global futures and spoke to his broker and he does trade live most of the time and that's all they could tell me on the phone . The fact if he trades live or sim dosent matter cause he trades for you

Just sick of all these people hating on someone tring to help us , yea his fee is a little high but it's negotiable and the auto trader makes that back in a month anyway , look at other sites , some guys charge thousands just for a strategy that might it work .

Anyway check it out for yourself but go into it with a positive head and see if it's right for you. I'm going to join this week and I'll keep u informed

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  #82 (permalink)
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
 
ThatManFromTexas's Avatar
 
Posts: 2,302 since Feb 2010
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LloydH View Post
Joseph James is in fact really called Joseph Dufresne and he works his scam with his brother.


Fibbee View Post
That whole thing about his real name being Joseph Dufresne was totally irrelevant to what I was trying to say.

ThatManFromTexas is NOT my real name ....

My real name is Handsome Stranger ...

My mother said she named me after my father....

I'm just a simple man trading a simple plan.

My daddy always said, "Every day above ground is a good day!"
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  #83 (permalink)
los angeles
 
Experience: Intermediate
Platform: nt
Trading: cl
 
Sunil P's Avatar
 
Posts: 292 since Jan 2012



benrock View Post
I don't want to start a fight in hear but do you people understand what your saying ?

I called global futures and spoke to his broker and he does trade live most of the time and that's all they could tell me on the phone . The fact if he trades live or sim dosent matter cause he trades for you


I bet they did,brokers are very good at telling what others are doing with others trading.

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  #84 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
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Posts: 48,914 since Jun 2009
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benrock View Post
Why would it matter if he trades live

My thoughts:



Skip to 4 minute mark if you don't want to watch the entire thing.

Mike

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  #85 (permalink)
hampton bays
 
Experience: Master
Platform: ninjatrader , TOS
Broker: CQG
Trading: FUTURES
 
Posts: 85 since Mar 2012

I don't want to start a fight in hear but do you people understand what your saying ?

Why would it matter if he trades live , imagine how hard it is to run a chat room and explain every trade and trade live at the same time ,

I did 2 free sesions and he made over $1000 every day so finally the last week I shadow traded him and I made the same but I only uses 2 contracts so I made half but he's calls we're clear and legit.

All he's tring to do is teach you how to trade I mean he even gives health advise and life advise . He's live every day , yes he talks alot but he is also a yOung guy , I like it gets u pumped for trading .

As with any product there will be people like Lloyd that don't like it and cause a problem so I wouldn't let him steer u away , just like Toyota with throttle sticking but they make a great car stilll.

Take a free coarse and look at his profit , he makes money for you that is all he works for is you .

I called global futures and spoke to his broker and he does trade live most of the time and that's all they could tell me on the phone . The fact if he trades live or sim dosent matter cause he trades for you

Just sick of all these people hating on someone tring to help us , yea his fee is a little high but it's negotiable and the auto trader makes that back in a month anyway , look at other sites , some guys charge thousands just for a strategy that might it work .

Anyway check it out for yourself but go into it with a positive head and see if it's right for you. I'm going to join this week and I'll keep u informed

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  #86 (permalink)
hampton bays
 
Experience: Master
Platform: ninjatrader , TOS
Broker: CQG
Trading: FUTURES
 
Posts: 85 since Mar 2012

Call global if u don't believe me not that it matters cause it says right in his disclaimer that there simulated , but he also tells u to paper trade for a few months before live trading to learn the system

It's funny how you guys hate on people making money , nobody forced you to trade

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  #87 (permalink)
Site Administrator
Manta, Ecuador
 
Experience: Advanced
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Posts: 48,914 since Jun 2009
Thanks: 31,587 given, 94,554 received


benrock View Post
Call global if u don't believe me not that it matters cause it says right in his disclaimer that there simulated , but he also tells u to paper trade for a few months before live trading to learn the system

It's funny how you guys hate on people making money , nobody forced you to trade

@benrock, out of curiosity, why are you even searching for a trading room signal service? You've listed in your profile that you are a Master trader. Why would you want to copy or shadow someone else?

As a Master trader, surely you understand that saying something like "I made $1,000 two days in a row" means absolutely nothing. That is like saying "The system wins 90% of the time". We are missing a huge piece of information. A win percentage is worthless, without knowing what the risk/reward or total expectancy is. Just like saying you made profit two days in a row, without knowing the other days of the trading year and their results.

I hope you find what you are looking for.

Mike

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  #88 (permalink)
hampton bays
 
Experience: Master
Platform: ninjatrader , TOS
Broker: CQG
Trading: FUTURES
 
Posts: 85 since Mar 2012

I call myself a master because I sit home for a living and trade so to me I'm ahead of the game , my house cars boat are paid for , I was interested in the autotrader that's why I was looking into his service .and I'm new to futures so it was a good way to learn .

And all I was doing was saying that I thought this guy was good to go , that's all

I used to have an eBay store and I had 4500 flawless transaction and 8 negitives and every day people focused on the bad , just bugs me how the little bad outways tons of good .

But no disrespect to u mike I will keep my mouth shut and leave it at that

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  #89 (permalink)
hampton bays
 
Experience: Master
Platform: ninjatrader , TOS
Broker: CQG
Trading: FUTURES
 
Posts: 85 since Mar 2012

Now that I think about it , ur right mike I'm not a master by far and I'll change my profile , I'm looking at it like if it works for me and I made avoid living then I mastered it but that's not what it mean , thanks for helping me out

And if my words are inconsistent cause I'm on my iPhone driving with 4 kids in the backround , lol

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  #90 (permalink)
Boston, MA. United States
 
Experience: Intermediate
Platform: Ninja
Trading: Futures and Forex
 
Fibbee's Avatar
 
Posts: 143 since Sep 2011
Thanks: 95 given, 150 received


@benrock

Automated Trading Systems: Proven & Profitable Automated Trading Strategies

This is the link to the automated trading strategies blog offered by schooloftrade.com

You may already be aware of this so I apologize for the redundancy.

I want to make a couple points about this aspect of his business.

1. The blog has not been updated in months, several months, the only reason I can see for him not updating his blog periodically is because the automated strategies have been performing poorly.
2. The results shown are just screen shots of the Strategy Analyzer window following a strategy optimization. I could probably take the Sample MA Cross strategy from Ninjatrader and optimize it, then post similar results. Those results are completely unverifiable.

If you are looking to join for guidance, information, education, and insights that's one thing. I joined the SOT as a complete newbie to futures trading, coming from FX and equities I needed some guidance. And, as much as others contributing to this thread don't want to hear, I did learn quite a bit about the futures market as well as many little tidbits of information from him, that I would probably have not picked up from conventional sources. I Personally think that his course is overpriced and his system has holes in it that you can not see yet, but that's irrelevant.

My point is simple, if you are looking to join just for the automated strategies you may want to look into other vendors with more transparency.

That's my piece,

Fibbee

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