I also purchased JAM's AutoProtrader system and I also have been in the room over six months on and off because I have a day job as well. One thing that irks me is the fact that JAM does not have an archived library of the teaching sessions of webinars and presentations that members can access anytime. I would like to watch on my days off from work so I can get up to speed if.
JAM has a habit of changing the rules after the fact to suit himself. At one time he was pushing Motive Wave software ad nauseam as a replacement for NinjaTrader 7 and how all his strategy and Indicators will be written for Motive Wave.
How he stopped the Black Belt Program for a couple of months then restarted and charged an additional fee on top of the membership dues to participate once again in the same program. I got tired of nickle and dime fees and changing of the rules in the middle of the game.
The following user says Thank You to 4xmaster for this post:
Perhaps if you spent the time in the room and listened and left your ego at the door you might have made it! Instead of taking responsibility for your trading you blame someone else! Anytime you want to spend the time needed to learn how to trade come back in the room and I will spend the time to help you, I just expect you to listen, do the homework and attend my FREE classes that I give to all members.
BTY, go check out my testimonials, no I dont have 17000 like other sites, but mine are real and these are traders still in my room (Except You), but here is the one you wrote!!
"After Purchasing your JAM Auto ProTrader System I attended a few online education classes and I got to see what was under the hood and I started trading a single method. I used a "LIVE" account instead of a "DEMO" because a live account is real not play money. With the help of the Strategic Day Trading I was able to grow my micro account by more than 17% in a month. I already feel calmer than I ever have about identifying the strongest points in the market and having a simple, easily executable system for trading it. I'm certainly not new to trading--this is my sixth year as a serious market trader. I've been in the market trading nearly every day for the last three years. Thank you,
You have 90 days free gratis use it wisely this time and you might just learn something !
The following user says Thank You to JamTheTrader for this post:
I read many threads and this one has some peculiarities. JAM himself answers questions and challenges the nay-sayers. Best thing is JAM proposes that real users of the room should be entitled to post views. I second that. But most importantly, he proposes that all other rooms should offer free pass for genuine reviewers. And it isn't just one to three days that some offer as trial. Boy, that would save me a lot of money, as I have paid my dues over and over to get the inside view of a room. My last experience (this month) was a disaster: I was tempted by the awesome results (hypothetical disclosure was not enough to convince me that those results could be fake) posted by ezprotrading.com. Was I in for another painful lesson to swallow hook and sink on the damn purchase! It turned out I could detect the exact piece of fraud in the hypothetical results.
Anyway, I've been in dozens of trading rooms and buying more systems that wouldn't fit on my bookshelf if they weren't digital bytes. I always took statements like "80k in 4 months" (as mentioned in this thread) with a grain of salt. But this was the FIRST time ever that I caught the vendor (Ezprotrading) with specific example of fraud by the textbook definition. (If you wish to read my details, search this forum for Ezprotrading).
In conclusion, Charles (newbie on this thread looking for an honest way of learning and profiting from trading, blacklist ezprotrading). As far as JAM, I was in the room over two years ago and I didn't learn anything useful during the week trial so I was not excited about paying to go any further. Just tonight I saw JAM's email about the AutoTrader. I am a fan of autotrading, but at $3,500 I must be extremely sure this thing can pop $80k in four months (granted 5 markets as explained by someone else on this thread). Come to think of it, 40k with high probability of sureness will do. Nevertheless, even more appealing would be a nominal fee for two weeks to trial the Autotrader. If it makes me money, I'll be hooked on this *"drug." After all, a (system) junkie always a junkie. Vendors in general don't seem to grasp this and they want the dough upfront before one can 'snif' it.
*I am a Christian and absolutely clean (never done any drug whatsoever). My analogy here is only an attempt to express my thinking.
The following 3 users say Thank You to joaobucks for this post:
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
If you want to support our community, become an Elite Member.
The following 2 users say Thank You to Big Mike for this post:
F*cking classic. Maybe he should rename himself to Creflow Dollar? I mean no offense but don't believe in religion and my experience has been people that point out that they are Christian are the biggest hypocrites and scam artists alive.
The following 2 users say Thank You to dandxg for this post:
As a former participant in Jam's room, I thought I'd throw my two cents in. Overall, I liked it. Jam focuses on trading with very few distractions (politics, religion, etc). He emphasizes market structure and patience. He makes no claims about getting rich quick.
Here's what I didn't like about it: He doesn't trade during the session, but instead calls out the trades. Almost all trades are called out before hand (sometimes he's distracted answering a question and misses a call), so you do get a warning on upcoming setups. He will mark up the chart with arrows showing the trade. Here's where the slight of hand comes in. He will utilize his discretion and very often say that he wouldn't take a particular trade because of something (market structure, S/R near by, etc). If that trade happens to work, he will add that winner into the recap to show how many ticks it was possible to make that day. If it doesn't work, well, there you go. He didn't recommend it. He also slightly exaggerates the tick count at times (I don't know if this is deliberate, or just the result of trying to count bars quickly). These issues could be completely eliminated if he actually traded during the session (even in sim).
Occasionally he will briefly show "statistics" on some trade setups. These are a summary of how many ticks a particular setup ran for, for example he'd say setup X ran for over 20 ticks 30 times, over 10 ticks 40 times, etc. He doesn't show the losses, nor how the trades would have done using the money management rules he proposes. Also the data sample is small, typically only a month's worth of data.
I took his recent webinar with the hopes of being able to write a trading plan, since he advertised that he would be spending a lot of time on that. It was the worst part of the webinar, and overall, I was very disappointed with it.
I think if you spent a month or two in his room, you'd walk away with some valuable info. I'm not sure if you can just pay the room fees or if you have to buy the black belt program.
The following user says Thank You to Tiger45 for this post:
Please come in and I will take you through my tools before you make negative comments!! No promises about a holy grail, we are very realistic in our trading and with our members! As for price , you should re-read the site entry as price starts at 599.00 and can add modules after you get comfortable so people do not have to pay 3500 plus at first!
Again, I challenge you as I have in the past to come in and let me walk you through the program and why we do what we do! Then you can comment.
And yes, I am A Christian, and an American and very proud of it! Morning prayer is for everyone and separate from my room, I realize that some will bash this and not believe it, but... that is where I stand period!
May God bless our country!
The following 4 users say Thank You to JamTheTrader for this post: