Favorite Futures: Currently European and US equities
Posts: 432 since Dec 2013
Thanks: 221 given,
Interesting thread. I'd echo Big Mike here in saying don't use trading rooms instead pick up a book or 10 and learn by doing as all the info you need is on Amazon and online for free. Bottom line there are no short cuts..and there's a reason this is one of the most challenging professions out there.
I was looking at trade rooms when I first started out to help with understanding more about NT7 if nothing else and did look at this chap JJ actually. I thought better of it though. Especially when I read so many clearly fake posts written of forums online. To be honest it does sound like some of the users on this post where vendor affiliated as the language is very similar to the other posts from JJ (of perhaps that's the conspiracy theorist in me surfacing). And given they were allegedly selling indicators from futures.io (formerly BMT) that kind of makes sense as they would have had to have a membership here. Piracy is bad for the business especially given the time and effort the contributors/developers here have put in. Just wanted to give a shout out to those that contribute their work!!! Big thank you.
The following user says Thank You to sands for this post:
Be very careful with JJ as he is a scam and he trades in SIM.
Here is the daily profit levels he and Megan send to poor vulnerable traders.He trades in SIM and loves to listen to himself.
He only does around 500.00 per day with 4 contracts per day. His method is nothing better than anything else you can get here or on You Tube.
Be very careful and save your money and run as fast as you can....He markets his program using JJ Bars and in his room he doesnt even use them, instead he uses Tick charts and is always looking to take trades against the trend.
Last edited by sharmas; November 16th, 2014 at 05:16 PM.
JJ has GOMI indicator and we all know where GOMI uploaded his indicators at...futures.io (formerly BMT)
JJ sends daily video updates with trade plans and what a shock....he doesnt use them in is room.... he uses tick charts to look at first and second fails
School of trades methods are no different to Traders International and JJ loves to talk and my be thats why he thinks he is so good.
Also his website states
Advanced Membership Information :
Are you ready for the Opportunity of a Lifetime?
Shadow-Trade with Professionals in our Live Trade Room
Trading Plan + Nightly Members Newsletter + Live Trade Room = Long Term Profit!
This is so not true... you wont get any of this at all.... you have to go through 100s of videos and you will come out confused at the best.
Method changes all the time ...and he is scared to show his JJ bars in the room as he stated that people like JD Needham will hack it... He uses the JJ bars in his marketing promotional videos and they are in market replay mode and all those trades are in SIM.
wow ..amazing facts about a 5k plan.
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This long thread on SOT is very, very interesting. i have attended a number of his afternoon reviews and have found him really interesting. He is definitely "on fire"...probably drinks 30 cups of coffee a day but I have back traded many of his huge trades on Replay and came up with similar numbers so I do know that AT LEAST the trades he SHOWS are legit. His DOM is white which indicates a live trading account, not SIM and he really knows his trend lines, S/R's and is funny. I kinda like the guy but I have been burned before by likable guys so I am super cautious. I was so ready to join that I put $5000 in a special account to send to him and decided to check out some reviews before I joined. I was horrified by what I saw and not just the negative comments on Big Mikes but EVERY other forum out there. So, I decided to further look into this and also try to see who started all this commotion.
It seems as though a guy called Llyod H or something from the UK started it and just went peddle to the metal with it. He has not responded to any inquiries by me and everything he did was quite a few years ago. Then on one site (probably shouldn't name it here, but it is pretty easy to find) I saw a letter by LlyodH, with his same handle, apologizing as part of his 12 step program for MAKING IT ALL UP! Seems he was a student and started his own Trade Room then was bent on destroying Joesph James. Llyod does not respond to any inquiries and hasn't been active here for quite awhile.
WOW!!! This is like "Days of Our Life" or something. I REALLY want to find out the TRUTH. I would hate to see a good man ruined nor would I want to see good people ruined by a bad man. There have been a lot of super positive comments posted and all the negative comments seem to be posted by a small group of people. The BOTTOM LINE would be is there anybody MAKING MONEY from SCHOOL OF TRADE? A lot of super successful people have "unique" personalities. I would like to find out the TRUTH here as I think personal assassination is a very serious thing and I have seen it before. Anybody remember the Mary McMartin pre school scandal?
Here is the apology from LloydH as printed in another forum;
I am a previous member of SchoolOfTrade.com, and I am now a competitor selling day trading education online.
The reason I am posting this today is because I am working through my 8th step in Alcoholics Anonymous, which requires me to make amends to people I have harmed in the past, and this is my sincere attempt to apologize for causing so much harm to SchoolOfTrade.com and anyone associated with that website.
In all honesty, SchoolOfTrade.com is where I learned to become a successful trader. I saw how much success they have at SchoolOfTrade.com and I thought that I could have more success with my website if I slandered their good name in this industry.
I know what I did was wrong, and I know what I have done has stolen thousands of clients, and millions of dollars from the owner of SchoolOfTrade.com.
I hope that SchoolOfTrade.com will forgive me for this horrible behavior, I am truly, truly sorry for causing them harm.
Last edited by JCHAWAII; December 8th, 2014 at 08:47 AM.
Reason: grammer mistake
The following 3 users say Thank You to JCHAWAII for this post:
I told myself I wouldn't get involved in this thread again...
If you decide to join the school of trade would you do all of us a favor and share an unbiased (no need to capitalize certain words) review of your results?
Because even when you take guys like Lloyd out of the equation, you still have a vendor who is:
1. "accused of" pirating indicators created by other vendors and members of futures.io (formerly BMT).
2. Booting members who disagree with him, and in my personal case - booting members who provide proof of his indicator pirating.
3. According to my experience, both in provided excel sheets and trade room experience, along with the information provided by him on youtube, and the information provided from other members of futures.io (formerly BMT) who have become involved with School of Trade -- Joseph James is able to trade for months and months and months without having a single losing day (see spreadsheet provided by sharmas in previous posts, I have some too from when I joined) and the simple matter of fact is that this is bullshit. There is no one, not even virtu who can do this.
So, JOIN! and share your EXPERIENCE with US because I am INTERESTED in the RESULTS!
One of the ways that success in trading is kept out of your life, is by this desperate need to over complicate your trading and think that things should be harder. - Bob Iaccino
The following user says Thank You to Fibbee for this post:
I definitely have put SOT on hold until I find out the truth, but I have back traded a lot of his daily reviews and they have all been right on. As far as stealing indicators, I don't know about that I make surfboards and all of us surfboard shapers come up with similar stuff about the same time and we all claim to have invented it.
I definitely don't like, if true, the being kicked out of his room stuff and not getting your money, or a portion of it, back. But then, I almost got kicked out of Big Mikes because I didn't understand how to post when I couldn't post (figure that one out). That would have been a bummer but then this room is free. I am sure he would have given me my money back.
I don't buy into the SIM stuff because I can plainly see the white live DOM. I always have a SIM DOM up even when I trade live, and it will often be behind my charts, so if I slide a chart over quickly, a SIM DOM would be visible.
As far as calling trades too quickly...that is trading. another "character", ACE, yodels and calls them so fast your head spins but I had my best day of the year following him (on SIM, of course) during his trial. I had to take numerous trials to figure it out with him...so go figure.
I know a lot of people here don't like Trade Rooms, but I have been very successful as a surfboard shaper and for the first few years I copied all the masters, even to the point of finding out how they held their tools or what music they played while working. After a few years I took what I learned and created my own style. I was an art student in college and copied Michael angelo, Da Vinci, Picasso. Pollack...all the great masters and I can also call myself an artist.
Just as there are many ways to skin a cat, there are many ways to learn to trade. I am not telling anyone what to do. I just want to search out the truth plus I find this thread super interesting and it takes a lot to hold my interest these days...lol.
ps...I am not a beginner trader as someone in this thread said. I can hold my own. I see that, if true,JJ knows what he is doing and even if he cherry picks his trades to show people, his stops are so small, that getting stopped out won't wipe out an account quickly, but like I said I have not made my mind up and am just searching for the truth in this soap opera.
I believe a recent School of Trade account was banned on futures.io (formerly BMT) after I found them out (see prior piracy comments), and definitely would not be surprised if this new guy JCHAWAII was just another SOT account to drum up more business from uneducated clueless people.
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The following user says Thank You to Big Mike for this post: