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Selling Snake Oil


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Selling Snake Oil

  #1 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102

Would like to build a nice collection of promises made by snake oil sellers. Whenever you stumble upon one of those wonderful statements that can be frequently seen on website and spam mails, here is the place to put it so everybody can enjoy it.

This collection is not intended to discredit the whole industry feeding on retail traders. There are serious traders and coaches, and there are those who a not serious, and typically it is easy to find out who are the bad ones.


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  #3 (permalink)
 
Anagami's Avatar
 Anagami 
Cancun, Mexico
Legendary Market Hustler
 
Experience: Advanced
Trading: MES
Posts: 978 since Dec 2010
Thanks Given: 707
Thanks Received: 2,300



Fat Tails View Post
Would like to build a nice collection of promises made by snake oil sellers. Whenever you stumble upon one of those wonderful statements that can be frequently seen on website and spam mails, here is the place to put it so everybody can enjoy it.

This collection is not intended to discredit the whole industry feeding on retail traders. There are serious traders and coaches, and there are those who a not serious, and typically it is easy to find out who are the bad ones.


Spam Mail from ForexImpact.com


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Get on This Free Online Trading Event:

“How To Build Your Own Winning Trading
System in 5 Minutes or Less – That Makes
You Money”

Don’t stand me up, click the link below now...



Apparently, not all snake oil is bad. It is high in EPA, which sounds suspiciously like some kind of an indicator.

From Wiki:
"Richard Kunin, a proponent of orthomolecular medicine, wrote a 1989 letter to the editor arguing that oil made from Chinese water snakes is very high in EPA. This substance is known to be a pain reliever, and Kunin argued that it might provide an explanation for the traditional use of snake oil. Snake oil does not have the dubious reputation in China that it has in the US and elsewhere in the Western world, and it is used widely in traditional Chinese medicine. However, it is not seen as a panacea in China either; there, it is used only as relief for arthritis and joint pain."

So, much like technical analysis, snake oil has its defenders.
(Nothing against either one. )

You are never in the wrong place... but sometimes you are in the right place looking at things in the wrong way.
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  #4 (permalink)
 
gfg1's Avatar
 gfg1 
USA
 
Experience: Intermediate
Platform: NinjaTrader
Posts: 71 since Sep 2009
Thanks Given: 21
Thanks Received: 75


Fat Tails View Post
Would like to build a nice collection of promises made by snake oil sellers. Whenever you stumble upon one of those wonderful statements that can be frequently seen on website and spam mails, here is the place to put it so everybody can enjoy it.

This collection is not intended to discredit the whole industry feeding on retail traders. There are serious traders and coaches, and there are those who a not serious, and typically it is easy to find out who are the bad ones.


Spam Mail from ForexImpact.com


The webinar is about to start.

Get on This Free Online Trading Event:

“How To Build Your Own Winning Trading
System in 5 Minutes or Less – That Makes
You Money”

Don’t stand me up, click the link below now...



Your discount link for 100percentwinners is now LIVE...

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Now I don't know about you guys.. winning every single time surely does take the thrill out of our gambling, right?

...on the other hand...

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Click HERE For Your Time-Sensitive Offer NOW

To your success,
Unlimited Forex Wealth

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  #5 (permalink)
 
ThatManFromTexas's Avatar
 ThatManFromTexas 
Houston,Tx
 
Experience: Advanced
Platform: NinjaTrader
Broker: Mirus Futures/Zen-Fire
Trading: TF
Posts: 2,265 since Feb 2010
Thanks Given: 1,206
Thanks Received: 4,348


Anagami View Post
Apparently, not all snake oil is bad

Tastes like chicken....

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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  #6 (permalink)
 
Private Banker's Avatar
 Private Banker 
La Jolla, CA
 
Experience: Master
Platform: Sierra Chart, X_Trader Pro, OptionsCity
Broker: Advantage, Trading Technologies, OptionsCity, IQ Feed
Trading: CL, NG
Posts: 1,038 since Jul 2010
Thanks Given: 1,713
Thanks Received: 3,863

I get tons of these ridiculous emails. I'll add a few that really stick out as they come along.

This one is pretty good. Sorry for the formatting, this is the way they sent it to me:


How Would You Like to Trade
$5,000 Into $100,000 in Just 1-Year?

The Key to true we.alth in trading is knowing
how to compound your pr.of.its while minimizing
your risks.

Quest 2012 Trading Plan

We are going to give you the Quest 2012
Trading Plan that was designed with the
step by step goal to take a $5,000 account
and compound it into $100,000 in just 1-year.

In this trading plan, you are going to see how
it only takes an average of $350 in net pr.of.its
per week to compound into $100,000 in just
a single year.

This is possible because of a very powerful
mo.ne.y management strategy contained within
the Q-2012 Trading Plan.

We are also going to give you 5-High Probability
Strategies that can be applied to virtually
any market and any time frame.

Coupled with the powerful money management
strategy included in the Q-2012 Trading Plan,
you will have a very clear roadmap to your trading
goals.

In fact, I took a trade based on one of these
high-probability strategies this morning and
made $100. According to the trading plan, I
only need 3 - 4 of these a week to achieve
$100,000 by the end of 1-year.

The Q-2012 Trading Plan (which is unlike
anything you have seen), and a group of
5-High Probability trading strategies are
yours, absolutely F.R.E.E just for becoming
a member of:

TradeSavin.com (its F.R.E-E)

Become a member today (its F.r.e.e) and
you will immediately receive both the
Q-2012 Trading Plan AND the 5-High
Probability Strategies in your email.

What is TradeSavin.com?

TradeSavin.com is about providing valuable
trading benefits to its members. In addition
to the 2 great bonuses just for signing up as
a member, TradeSavin also gives members
exclusive deals on popular trading products
and services (12 - 15 each and every month).

These deals are anywhere from 50% - 90% off
the provider's website price, and they are
guaranteed exclusive to TradeSavin members.

And, since becoming a member is f.r.e-e, and
since by becoming a member you also receive
2-great bonuses, this is a win-win-win situation
for you.

Just for becoming a member of TradeSavin,
you are going to receive:

Detailed 11-Page Q-2012 Trading Plan
Giving You Step by Step Instructions on
How to Trade and Compound $5,000 into
$100,000 in Just 1-year.

5-High Probability Trading Patterns,
Complete with multiple Chart Examples
and Specific Entry and Exit Signals
The 11-page trading plan and the 5-Strategies
are just a few examples of some of the bonuses
that TradeSavin members receive from time to
time, in addition to the exclusive, deep discount
deals on other popular trading products and services.

And, the more members we have, the more
negotiating power we have bring you even
bigger and better offers from trading product
and service providers.

Don't miss out, become a member of TradeSavin
today.


Your TradeSavin Team
Keith
Working for You

P.S. I haven't mentioned the 3rd big bonus you
will receive. If you check us out and remain a
member for 30-days, you'll also receive an 8-hour
online trading course that many traders have
stated is the best trading course they have ever
taken. It normally runs $495, but will be yours
absolutely f.re.e...this is exclusive to TradeSavin
members. Become a member right now.

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  #7 (permalink)
 
Fat Tails's Avatar
 Fat Tails 
Berlin, Europe
Market Wizard
 
Experience: Advanced
Platform: NinjaTrader, MultiCharts
Broker: Interactive Brokers
Trading: Keyboard
Posts: 9,888 since Mar 2010
Thanks Given: 4,242
Thanks Received: 27,102

A reputable trading coach does not promise a cure demand advance payment- advertise.



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  #8 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,175
Thanks Received: 101,541

More for you, this snake oil just spammed the site he is so desperate for business. All his junk posts have been deleted now.

WARNING - SCAM!

 
Code
                            
http://www.customizedtrading.com/ 

Mike

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