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TradingSchools.org

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  #1 (permalink)
Argentina
 
Experience: None
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Posts: 262 since Jan 2017
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Fraud or Not. You be the judge.

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  #3 (permalink)
Site Administrator
Swing Trader
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Manta, Ecuador
 
Experience: Advanced
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Big Mike's Avatar
 
Posts: 49,360 since Jun 2009
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Again I'm going to point out that site is complete and utter BS, created by a pissed off vendor -- I know from experience that Day Trade Academy creates these types of sites and uses toxic backlinks to try to alter their rankings in Google.

It's important to know the motivation behind the site, and also behind the person that is posting this site here in our community.

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  #4 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
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Big Mike's Avatar
 
Posts: 49,360 since Jun 2009
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I don't know Emmett, we've only exchanged a few emails over the years -- I believe in regards to fighting BS lawsuits from scam vendors, something we have in common.

However, I am vaguely aware of his site and his concept. I applaud his efforts to educate traders about the overwhelming majority of false/scam vendors out there.

While some have only the best intentions, and end up miss representing the truth solely by lack of experience -- many others purposely lie and mislead, with the sole purpose of luring in inexperienced traders looking for help.

I can't speak to his criminal background and history. But I do believe he was open about it and never tried to hide it. I also believe in judging people by their actions, and it seems to me his actions of late are genuinely in the interest of helping traders.

In another thread, you levied an accusation that he extorts vendors by demanding payment in exchange for positive reviews. What proof do you have of this? It's a substantial claim, and if you cannot back it up then one of two things needs to happen: a) delete your post making that claim immediately, or b) you'll be banned for libel. We simply cannot tolerate libel in the community.

However, if you have proof, we encourage you to share it. That's what the community is about, and I'm not afraid of any vendor or any lawsuit.
jmh13 View Post
Pay attention to how apologetic he is to the people he hurt:

As many readers are aware, I was once a stock swindler that got busted for securities fraud and went to Federal prison for three years. I orchestrated a penny stock Ponzi scheme for $400 million, or $600 million, or some outrageous number. But they are all wrong. It was actually closer to one billion dollars. Yep, nearly a billion with a capital B. Get it correct people.

Actually, it was $956 million to be exact. But hey, what’s the difference in a few hundred million?

Regardless, I was awarded the much-coveted “prison ID card” and given a job washing dishes for three years. I went from living in a mansion and eating unlimited shrimp cocktail to living in a concrete box and eating way too much ramen noodles. My prison paycheck was also an embarrassment of riches — forty cents per day.

Our mans own words.

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  #5 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
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Posts: 49,360 since Jun 2009
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Would you please state for the record, are you in any way affiliated with any vendor?
jmh13 View Post
Fraud or Not. You be the judge.

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  #6 (permalink)
Argentina
 
Experience: None
Platform: Ninja
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Posts: 262 since Jan 2017
Thanks: 17 given, 123 received

I don't not have ANY association with any trade COMPANY OR VENDOR. Not anyone. I have purchased numerous products from vendors and try to expose the fraudsters. I DO NOT ENDORSE,SUPPORT,WORK FOR OR IN ANY WAY PROFIT OR DERIVE ANY BENEFIT FINANCIAL OR OTHERWISE FROM ANY VENDOR.

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  #7 (permalink)
Argentina
 
Experience: None
Platform: Ninja
Broker: Ninja
Trading: DC
 
Posts: 262 since Jan 2017
Thanks: 17 given, 123 received

Here is a link from Tradingschools.org's website.
https://www.tradingschools.org/order-flow-spoofers-and-how-to-avoid-them/

Here is a part of what was said: The scam of Order Flow Analysis
If you Google search Order Flow Analysis, you will be presented with a range of software providers that supposedly can predict the future by analyzing order flow. The most popular include:

Market Delta
Order Flow Analytics
Jigsaw Trading
Noft Traders
Volfort
Order Flow Trading
Order Flows
Delta Scalper
Financial Mind
Zone Trader Pro
Book Map
Ninjacators
Since 2014, I have written about many of the companies listed above. They all offer the same Order Flow ‘snake oil’ pitch where they promise that their day trading software predicts the future by looking at institutional trading volumes entering and exiting the market.

However, not a single one of these providers have been able to develop a definable and systematic approach to their software.

In the past several years, I have gone around and around emailing with nearly all of these Order Flow software providers and asked for a systematic approach…not a single provider has answered the call.

Instead, they give the usual soft response like, “we design tools and visualization techniques that help traders better understand order flow.”


Can anyone provide Proof that orderflow works? Please share your proof so we all can decide for our self. Thx

Full disclosure, I do not endorse, support, work for tradingschool.org for in any way, profit or derive any benefit for any vendor.

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  #8 (permalink)
Argentina
 
Experience: None
Platform: Ninja
Broker: Ninja
Trading: DC
 
Posts: 262 since Jan 2017
Thanks: 17 given, 123 received

According to tradingschools.org. Proof of it working would be a verifiable track record. Thx

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  #9 (permalink)
Site Administrator
Swing Trader
Data Scientist & DevOps
Manta, Ecuador
 
Experience: Advanced
Platform: My own custom solution
Trading: Emini Futures
 
Big Mike's Avatar
 
Posts: 49,360 since Jun 2009
Thanks: 32,046 given, 96,617 received

@jmh13 your next post needs to address what I said above, which I'm repeating again here:

In another thread, you levied an accusation that he extorts vendors by demanding payment in exchange for positive reviews. What proof do you have of this? It's a substantial claim, and if you cannot back it up then one of two things needs to happen: a) delete your post making that claim immediately, or b) you'll be banned for libel. We simply cannot tolerate libel in the community.

However, if you have proof, we encourage you to share it. That's what the community is about, and I'm not afraid of any vendor or any lawsuit.

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  #10 (permalink)
Argentina
 
Experience: None
Platform: Ninja
Broker: Ninja
Trading: DC
 
Posts: 262 since Jan 2017
Thanks: 17 given, 123 received


Yo boss man it was deleted

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  #11 (permalink)
Argentina
 
Experience: None
Platform: Ninja
Broker: Ninja
Trading: DC
 
Posts: 262 since Jan 2017
Thanks: 17 given, 123 received

Yo boss man where is the post where i can delete it?

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  #12 (permalink)
Bridgeport, Ct
 
Experience: None
Broker: Tasty
Trading: STONKS
 
TheShrike's Avatar
 
Posts: 505 since Jun 2012
Thanks: 1,526 given, 813 received

The accusation that he extorts vendors for good reviews doesn't really make much sense as there are only like 3 good reviews on the entire site. One of them being our own Kevin Davey. Seems like a bad business model to maintain a site for years on end to only be able to extort 3 good reviews out of vendors. The truth is that the ratio of good to bad trading vendors probably closely mirrors the good to bad review ratio on TradingSchools.org.

Maybe @kevinkdog could weigh in here since he has one of the positive reviews on the site, although it's probably a waste of his time.

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  #13 (permalink)
Argentina
 
Experience: None
Platform: Ninja
Broker: Ninja
Trading: DC
 
Posts: 262 since Jan 2017
Thanks: 17 given, 123 received

all the pro's here tell me where the post is that the big man wants deleted and how do i delete it?

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  #14 (permalink)
Legendary Market Wizard
Cleveland Ohio/United States
 
Experience: Advanced
Platform: Tradestation
Broker: Tradestation, DeCarley, others
Trading: futures
 
Posts: 2,917 since Jul 2012
Thanks: 1,534 given, 5,717 received


TheShrike View Post
The accusation that he extorts vendors for good reviews doesn't really make much sense as there are only like 3 good reviews on the entire site. One of them being our own Kevin Davey. Seems like a bad business model to maintain a site for years on end to only be able to extort 3 good reviews out of vendors. The truth is that the ratio of good to bad trading vendors probably closely mirrors the good to bad review ratio on TradingSchools.org.

Maybe @kevinkdog could weigh in here since he has one of the positive reviews on the site, although it's probably a waste of his time.

Regarding this, I mentioned this in another thread:

"I am well acquainted with someone who has received two 5 star reviews on trading schools, and has offered to gladly testify in court that he was never been shaken down by Emmett or anyone at tradingschools to get those reviews."

Of course, this only proves that getting five star reviews does NOT require any compensation, at least in two cases.

I would think that anyone who was truly extorted would contact authorities, and get the site owner thrown (back) into jail - IF IT WAS TRUE. Yet that has not happened.

That should tell you something.

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  #15 (permalink)
Reno Nevada
 
Experience: Intermediate
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Trading: in Flux
 
Posts: 35 since Dec 2016
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kevinkdog View Post
Regarding this, I mentioned this in another thread:

"I am well acquainted with someone who has received two 5 star reviews on trading schools, and has offered to gladly testify in court that he was never been shaken down by Emmett or anyone at tradingschools to get those reviews."

Of course, this only proves that getting five star reviews does NOT require any compensation, at least in two cases.

I would think that anyone who was truly extorted would contact authorities, and get the site owner thrown (back) into jail - IF IT WAS TRUE. Yet that has not happened.

That should tell you something.

I'm not sure you could get any authorities to care. They usually need a LOT of complaints from a lot of people before they become interested.

I can't speak to your first statement. I will take your word for it.

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  #16 (permalink)
Legendary Market Wizard
Cleveland Ohio/United States
 
Experience: Advanced
Platform: Tradestation
Broker: Tradestation, DeCarley, others
Trading: futures
 
Posts: 2,917 since Jul 2012
Thanks: 1,534 given, 5,717 received


Prototyper View Post
I'm not sure you could get any authorities to care. They usually need a LOT of complaints from a lot of people before they become interested.

I can't speak to your first statement. I will take your word for it.


I would think that if an ex-con - convicted of financial swindling - tried to extort you, there would be people at the FBI more than willing to listen to even one complaining person. I'm sure they would love to put this guy away again if did so much as jaywalk.

The fact that has not happened speaks volumes.

And for my first statement, you can take that to the bank - it is rock solid.

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  #17 (permalink)
desert CA
 
Experience: Intermediate
Platform: NT7, SC, ToS
Broker: AMP, DT, TDA
Trading: CL,NQ,YM
 
Posts: 2,132 since Jul 2011
Thanks: 2,384 given, 1,716 received

The CFTC and FBI watch and even make use of tradingschools. They know all about Emmett and even work with tradingschools occasionally in investigations. True that Emmett had a sordid past, and he got off easy by pleading guilty to everything with the over $500 million in damages to clients of his past boiler room businesses he admittedly acknowledges. He's like the unsung Jordan Belfort who didn't get a bestseller book and Caprio movie deal and segue into a motivational speaker career later. He's got nothing left to hide, probably under surveillance by the FBI, and is attempting to do whatever he can to save newbs from being caught up with retail trading education scams with the time left in his life with a blog site that can hardly make maintenance rent because he is under conditions of restitution.

It's just ironic, it takes a former crook that knows the depths of the sordidness of these shenanigans, to finally speak out since 2015 against all these scams including major ones that we've probably known or suspected inside in our minds all along here, and he takes the personal sacrifice for it with tons of lawsuits by these scam vendors funded from their ill-gotten sales of selling dreams. (https://www.tradingschools.org/reviews/scammer-got-busted/) And also being accosted and tracked by hired stalkers and thugs. ((https://www.tradingschools.org/government-shutdown-your-money-is-not-safe/)) (Of course it's not perfect, but it's the best service and resource to the retail newcomer public for due diligence there is by far.) His exposing reviews often highlight CFTC and FBI action, and if that isn't proof enough from authorities (not just Emmett who often relays or assist them in investigation), or the fact that the vendor refuses to show proof confirmed with brokerages after attempts by Emmett to obtain (often the truth comes out when the CFTC subpoenas the accounts) then what is due diligence. No one else out there was going to stand up to these retail scams at this public level and consistency. Of course it's not perfect, but it's the best service and resource to the retail newcomer public for due diligence there is by far.

An example of the recent exposure of Suretrader: (https://www.tradingschools.org/sure-trader-now-we-know-the-truth/)
And the thug lawyer the scammer hired to attempt to scare Emmett: (https://www.tradingschools.org/attorney-adam-ford-2/)
Tradingschools also recently exposed a few of the major old mainstays such as the upselling OTA ("online trading academy") scam as well as a few long time talking ad heads on CNBC: (Trading Schools.Org - Live Trading Rooms, Trading Software, Trading Mentors, Brokers)

Yes, Emmett has opinions, like not believing in orderflow, or thinking his shaky backtesting with Tradenavigator is substantial, but traders with experience are free to disagree on his blog site, or not consider Emmett as a good trader anyways. Anyone is free to comment or vote without being overspammed by shilled posts or have comments deleted or put in the back due to a deal with a scammer guru for a review site , examples: "trustpilot", Syke's "investimonials", ripoffreport's "consumer advocacy"(bribes to delete bad reviews). And of course, his few chosen "good" reviews are mostly vendors who still can't make a living trading for themselves, but at least show proof they can get close to break-even which is a heck of a lot better than most all publicized vendor ads out there and may be useful for newcomers to trading at earlier stages in their journey.

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