For the benefit of any reader browsing this thread I wanted to point out a couple of more things worth noting about SOT.
JJ was caught red handed pretending to be a satisfied client, posting positive comments about SOT on a forum thread just thread like this one, details can be found in post #26 the following Aussie stock forums thread : Question about SchoolOfTrade.com - Aussie Stock Forums
SOT has desperately been trying to silence me from sharing my experiences and facts uncovered about the SOT scam. SOT tried to have my review videos taken down from You Tube using false claims of copyright infringement. Following an investigation by You Tube my videos were re-instated.
Asking for a Ninja Trader performance report will reveal the true picture, I would expect to see plenty more trades than he actually shows on screen listed in there. JJ is quite skillful at talking over them. You might hear a him often say something like "Yes Joe, good question Joe what is the Fast Track", this is him buying time and changing the subject because he never continues to answer the question. I recorded an example of JJ in action calling a trade which goes bad an then it gets glossed over with alot of talk and waffling, YouTube - FakeTradingResults
I know it has now already been proven that JJ trades in SIM mode and SOT even admit this themselves but I'm interested in getting some other opinions on this quote from "Pico Trader" regarding Time & Sales data.
I understood the Zen Fire servers to be co-located on the exchange floor and all data on the connection with NT to be unfiltered. So in my video we saw 2 entries on the Time & Sales window at the price of 79.44 , one for 62 contracts and the other for 1 contract.
Is it really the case that JJ's 4 contract order would not be individually listed on the Time & Sales window but instead would be hiding inside the entry for 62 contracts as suggested by "Pico Trader" ?
If any trader who is experienced with this Time & Sales window stuff out there could advise on this situation it would be very much appreciated.
I believe it was in October '09 that the Exchange changed the way they transmitted data. Before then they were bundling data and thereby obscuring individual orders. Traders, who understand how to read the T&S window and thereby attempt to track institutional orders cried foul as the information that was being sent out by the exchange was misleading. In October '09 they unbundled the orders and the orders coming across the T&S window are the actual individual orders as they go through the exchange.
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I paid to become a member of SofT last spring. I regret that decision. It really bothers me that JJ doesn't show his DOM so you're left with his version of play by play. He always seems to be in winning trades and when it moves in his favor he says did you guys get in with me instead of saying ahead of time exactly where he was entering.
Conversely, he has also has said he was in a trade then hemmed and hawed and said he wasn't in, that it was too risky. You wonder if anyone else just heard what transpired and you type it in and ... nothing. Ignored question.
Also, you can't see what other members in the room are thinking/saying since GoToWebinar blocks comments and only he can see what's what.
One of the ways he lured me to part with my cash was by selling this great secret he had concerning entering trades thru the NinjaTrader DOM. I watched his video on that subject and was just left with... huh? That's it? Fool me once...
Bottom line, if I could get a refund and never go back I'd happily take it. Live and learn.
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