My name is Joe Colaianni. I go by the member name of coolriverjoe in Ed's Jaguar trading room. I have been a member in the club for 13 months now and it has been one of the best decisions I have made with regard to becoming a better more consistent trader.
I own a small restaurant and was getting tired of being married to the business. So I decided I wanted to change my lifestyle. I decided to try once and for all to follow my dreams and become profitable at trading. Which in turn would free up time for me to enjoy my life and start living again.
I have tried all the boxed systems and indicators you could imagine like everyone else. With no luck and lots of money lost. But I was determined to find the answer, if there was one. I knew from being a college golfer that practice and mentorship were the true answer and there was no shorts cuts to success. So I combed through every trading mentor website I could find. Looked at all the hype regarding unreal results and projections. And found nothing. Everyone wanted to teach me but no one wanted to put the time in. What I mean by that is, there were time restrictions and limits on most every course. By chance one day I found this very forum and started combing through this site. By luck, I found Ed and his site. I read his posts and philosophies on trading. For some reason, his writings made sense to me. I knew and felt this was not some fly by night trader. And for me to be successful, Ed would help me but ultimately it was on me to do the work and that there would be no instant gratification. Ed will show you his methods, drill you on the discipline required and give you goals and milestones to reach before he will let you even consider trading a cash account.
Ed will not hold your hand and push you along. He will not baby you and sugar coat things just to make you feel better. Trading and Cash are a very real thing. Ed is a very REAL AND HONEST person with regards to trading and mentoring. He will push you and ask the tough trading and mental questions. He will put you on the hot seat(MIC work) in the trading room and watch/comment while you trade, while the other members in the room watch you trade as well. Ed will ask you the most important question and that is WHY. Why did you take the trade? Why do you need this trade? Why do you want this trade, etc.? He will not force feed you.
Needless to say, it has been a rough journey for me these last 13 months. I haven't put all the time I wished into my trading and working with Ed. But Ed has never left my side and everytime I ask for help, Ed is there. Its nice to know he will always be there (until he retires) and gives me confidence when I need it. Right now, I am very close to reaching my training goals and numbers with Ed. Hopefully soon I can take Ed's ACID TEST. Pass the ACID TEST. And then start trading cash. Until then, Ill keep working on my trading and working with Ed for however long it takes. That day may never come but I know I have Ed and the Jaguar Trading Club to help for as long as it takes.
My advice to anyone that took the time to read this. Take the trial membership Ed offers. See what Ed is about. Listen and read his essays and trading philosophies. People this is not a get rich make you master trader over night deal. This is work and hard work and its for life. But with Ed as your mentor and the club members in there fighting with you, you will have a great chance at success, if you honestly work. I know this is obtainable because I see Ed trade everyday and know his results. I have also seen in the last 13 months a couple of his students become very successful at trading. It makes me try harder and want to join those students and Ed at trading cash. Remember this, "What one man can do, another can do."
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This post has motivated me to finally stand up and share my experience with the Jaquar Club. My experience has been nothing but disappointing. Sadly you will have a better chance of making money at Vegas than you will have becoming a success trader through Ed’s teachings.
I like many other students were lured in by Ed’s blog where he shows an amazing 80%-100% win rate, no losing days and averages over 200 ticks a day. After being a member I now believe the blog is fake and unless you get a broker’s statement I would not believe any of it. But I will admit Ed is a marketing genius and everything he does is designed to lure in new members. Even his statement that he will be retiring soon is a method to elicit a sense of urgency to join before it is too late to be trained by this amazingly profitable trader. Unfortunately, as I have come to learn, it is all smoke and mirrors as I will detail below.
The site states you can watch over his shoulder as he trades. But the fact is by the time
Ed opens the room he is mostly done trading and when he does trade on mic he loses money on trade after trade. At first I thought he was just having a bad week. After all how could this amazing trader showing 80%-100% win rate lose money again and again when he actually trades live in front of you. But sadly it was not a fluke, as I watched him lose money day after day and month after month.
And the students that have become profitable traders from his guidance are far and few between. In fact, I am only aware of one student in the last year that has become successful and he mostly trades the DAX using different charts and different trade management than Ed teaches. I would say he became successful not because of Ed, but in spite of Ed. In fact from what I have seen and Ed himself has stated his student’s failure rate is higher than the industry standard failure rate. How is that possible? How can this guy with any conscious take $3500 to mentor you to produce a failure rate higher than the industry standard? The reason is, “ THE METHOD EDWIN TEACHES CANNOT BE TRADED PROFITABLY BY ANYONE INCLUDING ED”.
But here is the nice thing you do not have to take my word on it. Ed will give you a trial membership. And I will tell you exactly what happens every day in the room and you can see the truth for yourself (of course after reading this maybe he will do something different)
1) Ed will open the room after he has made most of his trades for the day. He then does everything possible not to trade live. He will try to get a student to come on mic instead. But no student wants to do mic work; I will explain why later.
2) In order not to make any trades in front of you, Ed will then say it is not endless winnings and that is why he does not want to trade live. But the fact is he does continue to make trades off mic, so him not wanting to trade has nothing to do with, “there is not endless winning” and all to do with the fact he does not want you to watch him lose money trading live.
3) Finally Ed might take one or two trades and even using an inverted risk to reward he will lose money 70% of time. That is right this self-proclaimed trading GOD will lose money trade after trade. Apparently he mysteriously can only make money trading off mic when no one is around. Which leaves me to 2 possible conclusions; 1) his Blog and results posted are fake or 2) he trades another method off mic, which he does not teach,
4) Speaking of fake results, I must point out I have seen his live trading loses mysterious not appear on his blog which is supposed to be showing “ALL” his trades,
5) Then after continuing hammering on the students, eventually he might get some poor student to do mic work. Mic work is supposed to be this great opportunity to have Ed guide and teach you. But instead it is just more of his marketing plow. He just belittles the guy on mic while he and sometimes one of his shills will call out winning trades in hindsight and then he tells the student in hindsight’ “why didn’t you take that one”. And on top of that, Ed makes fun of the student for the trades he does take which lose money. You will watch his students just lose money day after day. But as I said Ed is a marketing genius; he will come on the air and set the stage whereby the student is just not following what Ed has taught him and if only the student listened to Ed he would be profitable. Absolutely BS to convince people on trial to join. But I must admit he knows how to market and get new members.
6) If no member goes on the mic, Ed usually gets upset and closes the room and many times close the room for the rest of the week; which brings me to another marketing scam. Ed says Fridays are member only days where he teaches you to trade. When I joined I waited for those Fridays to actually be taught something. Well you are lucky if he ever opens the room on a Friday and on the rare and I mean rare chance he does; Friday is just the same as every other day. There is absolutely no difference.
After being a member I am so convinced Ed’s blog is fake, I will put my money where my mouth is. I will put up $100, maybe @Big Mike will be willing to hold it in escrow, and donate it to the charity of Ed’s choice if he can trade profitable for just one week.
Heck I would go further; make an announcement right here on Big Mike that you will open the room to all to watch you trade live for one week. And lets post the results right here for all to see. This should be a no brainer for a person claiming to have a 80%-100% win rate, no losing days and averaging over 200 ticks a day. Plus you state at your site members can watch over your shoulder as you trade. In a week you should be up an easy $10K in profits. A win to the charity and a win for your club.
But after watching Ed trade I doubt he will take the challenge. In which case I say get a conscious. Offer all your students their money back. Of course if he did that I am sure 99% of the student would want their money back.
One final note Ed got mad at Tiger45 for his post, and sent out an email asking everyone who Tiger45 was and that he should have come to him instead of posting on Big Mike. Well I cannot speak for Tiger45 but the reason I came here is to inform others about this club before they wasted their hard earned money.
All I can say is when it come to the Jaguar Club; Caveat emptor, Let the Buyer Beware!!!!
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Wow. Some of the guys just skyped me about this post. You do have some valid points. Yes, I have been trading larger leverage the early hour sessions more and not much in the room lately. Yes, I have been taking a lot more time off this year than ever before. Seems it is affecting more of you guys than I realized. This kind of stuff has never happened to me before. Would have been less traumatic to you guys had you voiced things earlier. The last 2 years have been fantastic, and it has been tough " coming to work everyday " the last 6 months, when I got what I needed in about an hour, for the same number of ticks. So, I guess I do have to make a decision. Thanks for the wake up call and the push.
You going to be around for Ken's anniversary report? You should ask him about things. Maybe some of the old timers and other cash guys will show up. You can ask them too. Like I said, it is not about me.
Joe, there is no need for Arafg to state his full name. His description is exactly what I have heard from many who have dropped out of Ed's program and my own personal experience. Each and every person whom I had conversations stated in one way or another the same exact thing. That Ed was at best a 50% plus trader in the room and did everything possible not to trade live. He would make others take the so-called mic, and then beliitle them. When he states look over my shoulder....that really is his main thrust thats gets people, yet that is rarely the case.
If you look at his posts you will see inthe early spring that his logs where not clear, like he used a cheap program to re-write his trades. People have stated on many occassions that trades did not appear in the room, when he was to be in cash. Again the look over my shoulder is truly bogus...think about it....did you ever see these things while in the room? Is this just made up garbage by others who want to discredit Ed?
Another thing is that Ed has been adding to losers (only recently, taht I have seen) and has been turning off his MAE and MFE...why, he doesnt want to show people who are looking for a trainer to show he goes against his method. Is that 100% transparentency and 100% honesty? No it is not. I am glad that Arafg has stood up to Ed and has called him out. These things have been going on for over 4 years while Ed has signed up one after a another to only be disappointed that what is marketed as an 100% honest trader...may be not the truth?
Before anyone gives me heat for this...be responsible and do your own research of the facts as they are laid out.. by Arafg..and I'm sure others will step forward....Look carefully at his blog...just open your eyes and look very carefully the clues are there.
I have posted a few jpgs from his blog, and carefully look at the january post, not clear between the line, not all but some...why? The MAE amd MFE change...just recently...why he has been cost averaging...which he says not to...do you think this was done in the room...which his students are watching? Remember...look over my shoulder.
If traders pay 3k to 3.5K for some training, we expect that person to do as he states in any marketing or promotionals. If you say t\you show your trades, then show then and not come inthe room stating you make you target for the day, and have a student take the mic. People pay to watch the trainertrade, we reallyt want to see someone trade and be profitable. Then we can trust that the method is worthy of our time and effort..that we know it can be dupicated. When that is known, then it is possible for a lot more traders to be as good as the trainer...if they put the time in to it and practice correctly as the money making trainer does. Anything in between really is not what people pay someone with there hard earned cash. We want to mimic a winner not just a talker....anyone can talk about trainng and doing the correct things to become a real trader, but the real question is...can that person who we paid do what he says he does...sadly I haven't seen one person do it as yet. I have paid over 20K, in teaching...and yes Ed was one...back in 2011.
Your experience is your eperience and if it has helped you then good for you.
The following 6 users say Thank You to tradermark2009 for this post:
I don't see nothing wrong with asking for people's names and club names. If you want transparency, as we all do, then this should not be an issue. Because if one demands transparency, then one must be transparent themselves. That is why I furnished my name without any hesitation and would expect the same from all parties that post good or bad on this subject.
It is his choice...my futures.io (formerly BMT) is my club name...which I have been remove from do to inactivity...I'm sure. I asked for transparency when I paid my 3k and I did not get it. I believe others will come out and state the same here regarding this topic. If others post and do not want transparency by using their name is that wrong...no, its a choice. Transparency should come from Ed simply because Ed said he would deliver it when it came to training his traders...most did not get it. I say most because it seems like you did, which is great. But, I can assure you most do not feel that way. I also must say, Ed did provide some good stuff...but it was not worth it for the time, effort spent and the overall cost. But I was looking to look over his shoulder to see how to mentally see how he traded and how to handle a fast or slow market, how to use morning prep, then use it during the day...when to change when the market changed during trading hours. I wanted Ed to show me while trading, and that happened on few occasions...really too few.
Last edited by tradermark2009; October 20th, 2014 at 06:40 PM.
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