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Anyone know of this service- newfuturestrading.com
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Anyone know of this service- newfuturestrading.com

  #51 (permalink)
Elite Member
Moscow
 
Futures Experience: Beginner
Platform: Trade Nav., NinjaTrader
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vovan348's Avatar
 
Posts: 460 since Mar 2011
Thanks: 612 given, 405 received

I'm not their student, I only took free trial.

After I took a trial I got e-mail from them that all information I need is in those videos.

I think their way of trading can be very profitable when you master it.

I cannot say anything about Henry because I don't know him and I've never talked to him. All I can say that it's not enough just show people what are you doing. You have to be a teacher to teach people. Some people can learn just from watching someone, but others can't.

Being honest and profitable is very good, but can he teach? That's a good question and I don't know the answer.

Other people saying something about their cheesy videos and cheap website. If you are good with math it doesn't mean that you are good in history, right. He can be genius in trading' but has no idea about marketing or programming.

Every mentor says that 90% is trader and 10% is strategy. Everything is personal. You can have 90% winning strategy, but keep loosing money until you understand how it works. Some people get it fast, but others never.

Why people selling systems or strategies if they are profitable trading? That's a good question. I think when you make enough money you get bored. Trading is lonely business. After you have money you want to create something. For exp why Horst started tutoring. Because he has free time and he's bored. Another thing I think by selling you don't have to risk money to make money. Like E-mini Academy. He built a business that brings him a lot of money just from selling his software. He hired people that are not even traders teaching you how to use it. He got programming team that make that software because he doesn't know how.

There is a lot of reasons to sell and teach people, but I think the biggest is "lonely".

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  #52 (permalink)
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bluemele's Avatar
 
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Like I mentioned before about the training going downhill, their website isn't even up anymore when I just checked?

Henry is a great trader if he could just focus on that. I KNOW that for CERTAIN. I lived it, saw it whatever... Best trader I have ever 'met'.

But as far as good trader = good business man. Rare...

Seems like Masters Palace, then NFT has run its course, but in the end, I think Henry has imparted a lot of good information and done the best he can to create a good course.

If Henry could find a good business person to team up with that he doesn't rub the wrong way, then I think he could have truly built a world-class enterprise, but self-sabotage is such a common theme for gifted people.

I owe him a big thanks, but I don't owe him more than that. I traded dollars for knowledge, but I put in the sweat and continue to do so.

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  #53 (permalink)
Elite Member
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Gosh, well, it seems Henry is definitely under investigation and a lot of good friends have some significant capital invested with him.

I am sorry to see so many people get hurt by dealing with Henry. I was never a big fan of the guy, but to see this is just downright terrible.

I hope everyone gets some of their investment back.

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  #54 (permalink)
Site Administrator
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bluemele View Post
Gosh, well, it seems Henry is definitely under investigation and a lot of good friends have some significant capital invested with him.

I am sorry to see so many people get hurt by dealing with Henry. I was never a big fan of the guy, but to see this is just downright terrible.

I hope everyone gets some of their investment back.

Red flag for me was the great lengths he took to 'prove' he was trading live which is why he was stopped from posting on futures.io (formerly BMT) a while back and all that...

Bottom line: by all means, use other peoples ideas on trading setups and/or use their wisdom and fold it in to your own trading style... but don't use a trade calling service or a 'system' to copy. Better to just find a good solid reputable hedge fund, and write them a check if all you want is a trade calling service or a method to try and emulate or copy.

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  #55 (permalink)
Market Wizard
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for those not in-the-know what are you talking about? any link?

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  #56 (permalink)
Elite Member
Moscow
 
Futures Experience: Beginner
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Posts: 460 since Mar 2011
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bluemele View Post
Gosh, well, it seems Henry is definitely under investigation and a lot of good friends have some significant capital invested with him.

I am sorry to see so many people get hurt by dealing with Henry. I was never a big fan of the guy, but to see this is just downright terrible.

I hope everyone gets some of their investment back.

Wow.!.!!!
Do you know why? Was that just a financial pyramid or what?

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  #57 (permalink)
Elite Member
Honolulu, Hawaii
 
Futures Experience: Intermediate
Platform: NinjaTrader
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bluemele's Avatar
 
Posts: 2,547 since Jun 2010
Thanks: 3,806 given, 2,825 received


vovan348 View Post
Wow.!.!!!
Do you know why? Was that just a financial pyramid or what?

I can't say what specifically, but I invested for a short while as well and o-so glad I got my money out a LONG TIME AGO.

I was the 2nd one out who invested as I saw some issues but also needed my capital for a Real Estate deal in Hawaii.

He was borrowing money from investors (students) and not paying them as promised. I do not judge and it is not my place, and these are facts.

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  #58 (permalink)
Elite Member
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Futures Experience: Intermediate
Platform: NinjaTrader
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cory View Post
for those not in-the-know what are you talking about? any link?

No link. Just investors (friends) who have confided in me and wondering if I am still investing.

As per Big Mike's comments, yes, I agree, but the system isn't just Henry's it was organic through each of the students over time and incorporated into Henry's teaching deal. I know he reads some threads on here occasionally, but I hope Henry sticks to just trading and out of people's lives.

I am in the process of revamping my thinking. Making it my own. Good advise.

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  #59 (permalink)
Membership Revoked
Oslo, Norway
 
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@bluemele

I thought he only sold his "mentoring" services?

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  #60 (permalink)
Elite Member
Moscow
 
Futures Experience: Beginner
Platform: Trade Nav., NinjaTrader
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vovan348's Avatar
 
Posts: 460 since Mar 2011
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I've heard about investing deals before and I know one of his students that invested some money also. I hope he can get his money back.

About system. It become personal because of the traders. You can use the same indicators and the same idea but trade very different from others. Everybody sees things different way and it has nothing to do with Henry.
For example Horst doing very well with that system. Sure he uses a lot of other knowledge he has so can do everybody else to make it personal!

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