Hi @pvlee, thanks for the correction on the 71-2 for the week, you are correct, I miss typed. Still the times being traded are way out of the room time for the most past, so what good it that. Hey, look the worlds greatest sim trader is killing it. Which trades are lives?, what ones are being hidden, does the room even know? Who knows, I guess only Oz.
As Ed’s post in the Jaquar Trading Club have gone from amazing to truly unbelievable, I felt compelled to update my experience since my original post. I am not even sure where to begin.
Right after this thread began Ed got upset and tried to get other members to rat out anyone posting here and then he said he and Big Mike went way back and he would get Big Mike to tell him who the posters were. I guess he does not want others expressing their experience and was planning to throw them out of the club. Then he stated he did not need this abuse and would stop taking new members. I had already awoken from my Kool-Aid induced state and realized (IMO) that Ed makes his money from memberships and not from trading, so I skyped several member that I had no doubt Ed would not stop taking new members. And guess what he is back offering memberships and with a 50% discount to boot.
But the reason I am updating my post is things have now just gotten to point of being ridiculous and I am going to do my best to bring the truth forward. I just wished someone had warned me before I threw my hard money away and joined. Ed posted a new video in his public area as shown here:
You will notice he has 4 contracts on both his limit and stop loss order yet the DOM show only 1 contract. Also when he adjusts his target and stop loss the DOM does not adjust at all. In addition, the total profit / loss shown on the DOM starts at zero; so where are the trades he took early in the day as he shows in his log? Therefore this has to be replay or a different account. I could go on and on but the inconsistencies are too numerous to mention.
In addition to this he is now posting his trades which are so over the top they are just not even believable. Here is his post from 12 2 2014.
500 ticks in a single day with one loss. His only loss was the trade he made on mic where his trades could be witness and all the other winning trade where done off mic with no witness.
And he is showing these type of days day in and out across all market conditions. In fact last week he self-proclaims he did over $20,000. Pvlee stated GS would not take the over side of his trade. I will up that and say GS would hire him in a second and pay him a $100 million dollars. I have never met, read about or even remotely heard of anyone that can trade like this. He could enter the International Trader’s Expo, beat Rob Hoffman and the other top trader’s butt and have 1000 of subscribers. Yet as Tradermark2009 stated, ”he is hidden in a blog” speaks volumes abut what is really going on here. And he is offering discounted memberships to boot. Just common sense tells you that if you can really trade like this wealthy individuals would pay a fortune for private tutoring or pay someone of this caliber to manage their money.
The whole thing is complete smoke and mirrors. Tuesday of last week one of his students gets on mic and then precedes to takes every trade as Ed tells him and ends down over 140 ticks on mic. Even though the student is trading exactly as Ed instructs him to do; for any trade that goes against him, Ed is in the background stating, “why did you take that”. And during this same time while the student is taking the trades exactly as Ed instructs him and is losing money somehow Ed is making money during the same time trading off mic.
I am going to address something that Tradermark2009 asked about and that is why more members do not call Ed out. Well some do ask questions, but you have to remember most of these members have been trying to trade profitable for years and they came here based on Ed’s blog thinking they finally found a mentor that can help them. And they paid this guy $3500, and I was one of the folks that drank the Kool-Aid and I am telling you the brainwashing is powerful. Ed is very convincing. And you feel like it is just you and you just need to work harder to get it. But eventually you come to realize there is nothing to get. Believe me I know personally is it hard to accept you could be that gullible. I skype with several other members. The members that come to realize this is a complete falsehood feel betrayed and leave the room not wanting anything else to do with Ed.
In talking to members one of the things they tell me is he post his trades right afterwards so how could he fake it. I tell them it is easy to fake if one wants to and then post amazing summaries and they are like; how did you do that.
Here are my live trades from yesterday and I even include commissions: