My question remains: If ACE can teach you his method in less than six months, then why you need to spend close to $10,000 for life time room membership?
Here is tradingschools.org’s summary:
“Ace does not trade. And he admits it. He just talks about how great his system is. And that his system works in all markets, and in all time frames. Ace provides no proof of trading success whatsoever. Ace records raw market footage. Then he records a "live" trading session over market footage. Total nonsense. Charlatan.”
... and some details …
“The Ace Trades trading room offers three items for sale. A “Gold” package that costs $3,500, a Platinum package that costs $5,500, and a Diamond package that costs $9,800. All three packages include the same set of special Ace Indicators. The only difference between the three packages is the allotted amount of time that is included with the Ace Trading Room. The gold package includes 6 months, platinum includes one year, and the diamond includes lifetime access.”
“In all honesty, there is no sense to this man, he reminds me of an out of control sportscaster. One minute he is professing how the “The Bulls are Charging! I told you!” and then the next moment, “TAKE HALF OFF, and NOW YOU NEED TO REVERSE!!!”. It was borderline insane and out of control commentary. But the more and more I listened to Ace, and as the days progressed, I began to see the genius of the marketing. And the truth about this whole Ace Trading marketing scheme is that Ace has learned that excitement is contagious, and excitement sells. And who can deny that most people that attend a trading room are looking for fun and excitement, unfortunately this is not how money is made.”
The following user says Thank You to justtrader for this post:
Thanks, forexoil, for your post. My experience with Ace, like yours, is that in his trial sessions, he does seem to call levels somewhat accurately, and at the end of the day, he's made points, not ticks. He does not, however, teach his "method" in the trial days; to learn it, you have to fork over at least $3,500 upfront on the promise that you'll learn the protocols/keys, etc. He calls out the keys during the trial trading session, but unless you've taken the class you don't really know what he's talking about. How he sets his opening bias, how he picks and changes his levels -- that all comes after you've paid the freight. Interestingly, most who have taken the "course" say that you actually learn the methodology in the first month or so, maybe less, and the rest is daily practice under his supposedly watchful eye. So the actual learning, which I'm told is accomplished largely on videos, amounts about $3500 for a month of real info. When the six months is up, you can pay for the room monthly for about the same $300-350 or so that many other rooms charge.
That's ok; lots of guys charge for their courses and methods. It is a little misleading to suggest that you can learn the methodology from watching the trial days; he gives away virtually nothing (except maybe the trader's probe thing, which is relatively new to the trial room). And the "members" in the "room" really just do a lot of rah-rah and are nearly religious in the fervor of their thank you's -- not any real conversation about their experience. To the wary, it may almost sound staged. Then again, I'd be pretty rah-rah with what appear to be consistently strong results. I just wish Ace would be a little more traditional: show us his DOM, his actual trades, his account summaries, a week of real room experience instead of a demonstration -- all the stuff that other guys do to lend credibility.
Moreover, don't make the mistake of thinking that the trial is a live call room. You can't really follow his trades however much he shouts long and shorts and continuations and rings bells and plays music and all that entertainment. It's really not a trading room, but a demonstration. So if that's what turns you on, and you believe the promise of a highly staged bucket of salesmanship, go for it. Like any system, it probably works for a lot of people. For me, I'm way undercapitalized anyway, and while education in trading is critical, I'm just not $3,500 ready. I really don't think Ace is dishonest. I wish he just didn't seem so.
The following 2 users say Thank You to podowitz for this post:
i see all this talk about ace and guess what all of you that are talking smack have never even been in for a trail so how can you say this or that about ace i am not a member but i have been in the trade room about six times and every time that is have been in the room i have made money just by taking a trade from the blue line now i do use a volume ladder from nijnatraders so i allways take a trade from the line when the volume ladder is in my favor and allso when the price has moved one tick in my direction and i have never been stoped out with this method before it went to the one point or the take half profit which ace calls i have not took the course only been in the trails, my business will not let me have the time to trade full time , if i could i would take the course. so if you want to talk about ace take the trail first and then talk what you have experienced first hand
The following 2 users say Thank You to jerryjerry for this post:
the way the quote works is to click the white triangle next to the quote name to back track to the prior quote then read all surrounding posts to understand context of that post. This is the primary function of why using the quote.
The following user says Thank You to cory for this post: