Up over 120 ticks in less than 2 hours. I am ready to start my blog and charge $3500.
The bottom line is I can make this trade summary be anything I want it to be. I could continue and be up 500 ticks or 1000 ticks if I wanted to.
My goal is not to teach you how to fake Ninja Trade Summaries, but the fact that if someone wanted to they can fake the summaries and make videos with replay data and claim they are trading live. You cannot take this stuff as gospel. I wish someone had warned me of this stuff before I joined.
If you believe Edís blog to be factual then at least watch and insist he trades in the live market; whether it be sim or live and get out a pencil and paper and track his results over a reasonable period of time (do not take what is written in the blog or his word on what he earned while on mic). You cannot fake live on the mic trading with witnesses. And you will see this self-proclaimed great trader doing 500 tick days little to no losses or heat will he not be able to trade on mic profitably.
And let me tell Ed who is making $1million a year trading is offering no one their money back, because if he did I would be the first in line.
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ARAFG- you're actually up about 100 ticks. But, I get what you're saying. Ed is a fraud. Here is how he does it:
1) take a bunch of trades
2) if any trades are losers then those will be eliminated
They are eliminated on NinjaTrader by going to:
3) on the control center, go to the executions tab and delete any losing trades
I am now a trading God just like Ed!
I was told how to do this by another trader friend that knew Ed was doing something to create incredible results. It is also why Ed wants other members to take the mic and display their screens. If he would display all trades from start to finish and record it all, I would believe him. Any trader that has been trading for more than 6 months knows that IT IS IMPOSSIBLE to trade w/out losses. The video he put out was a complete joke. That is fantasy trading.
He is a fraud. Here is what I think is funny. Traders that buy his course and go into the live market with real cash are going to lose money. Some of that money is going to end up in my account.
Good Luck to anyone that gives this guy $1,750 or $3,500 or whatever amount.
Last edited by opentrdr; December 10th, 2014 at 10:40 AM.
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Every member I have spoken with believes there is something going on. All of us (yes I bought his course and quickly learned that he is maybe 48% profitable trading his method) just want 2 things to happen:
1) a complete refund
2) an inquiry by the SEC or NFA or someone that puts an end to this guy stealing money from people
Last edited by opentrdr; December 10th, 2014 at 10:37 AM.
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Good Job Guys, great stuff, since I am no longer in the room, its nice to hear, and sad that he is his same old self. I like all the others feel the exact same way. I never gave it a thought on why he traded a outside the room and did $350-600 a day when I signed up. I was too busy being wrapped up in how he did it. Then doing the 1 on 1's, seeing him trade poorly when he did trade, then having him just chew people out. He called a lot of people lazy brains. Yet, no one could figure out how he actually traded. The ones who have made it out successful the few, took like me the little we did learn and learned to do it ourselves.
The funny thing is that I think Kenneth, taught Ed more than Ed taught Kenneth.
So we know now how he fakes his trades. Using various so-called strategies, and when one is a loser he goes to the next one (he has the option to use it or not when he posts). He will stay on that strategy until till its a loser. When a loser starts a new one, if it's a loser right away will not use that strategy template for his records. This actually came from a recent member, great job BTW. Opentrdr, I just saw your post on faking the trades, I didn't know that, good job, as well.
What we know, he does watch this thread and it bothers him. The key to remember about that is all he had to do, was show is live account, and state live or sim. He goes through great lengths to bully his room (remember how he is when a new trader takes the mic and gets killed, he shames them, constantly). He could never teach by example in the live room, just talk. He shows NT trades/summary records that are bogus with insane numbers.
Can someone tell why it would benefit him to pull his summary's off the blog and behind additional links, that one I do not get. Instead of proving he's not a fraud/liar he is doing the same....remember the Jim Jones saga from my religious and ethic studies, sounds the same. Blame, blame and more blame, and never show a shred of factual evidence.
On his new low price, is he offering any software with that? He has told others that he wasn’t going to offer the software with any new sign ups. Just seeing if that is the truth also? I know Kenneth codes and he may have taken over the duties in that area.
He has done a lot to get more newbies, as others have mentioned when he stated he was done with that. It's really a shame! What can be done, is go the NY DA and report his fraud, make him prove his numbers.
Not sure NFA will do anything since he is not a member.
Getting SEC to do something, well look a Maddoff. But, it doesn't mean it cannot be done. Need to look into the Nexgen situation, I think if I remember correctly he was sued and someone won a judgment against him, so it can be done.
I guess the key for me is that others do not throw money at him, like we have.
Concerning BM, this forum was started just for this purpose, and I am glad Mike controls it to his liking, IF he has a problem we would get an email, so no worries, there. As long as we are not flaming and/or speaking not based on firsthand knowledge, I am sure he is ok with it. Remember, we have actually seen what went on when we were in the room and nothing has changed today, same as it ever was. We saw that no one here on futures.io (formerly BMT) saw the same thing so nothing was said. Now our eyes are open, and I will not go quietly in the night (one of my favorite movies-Independence Day). This industry is full of liars, if one leaves that is for the better.