Smart Money Room

SmartMoneyRoom.com
  • Honesty
  • Quality
  • Cost
  • Support
  • Verified Trades
  • User Experience

Summary

Smart Money Room is the latest trading hustle from Mr. Steven DeWitt. For the past 15 years, Mr. DeWitt has cycled through a multitude of failed and fraudulent trading ventures. A long, sad, and pathetic history of quick, one-off trading scams where Mr. Steven DeWitt claims that "anyone can easily earn thousands of dollars each week". A supposed "real time, 100% verifiable track record" that cannot be verified. Claims to be the worlds greatest trader and 15-time world trading champion. No proof exists. A complete and total charlatan. Avoid.

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Pros: Nothing to recommend.
Cons: 15 years of failed and fraudulent trading ventures promising massive returns and no losses. Proclaims to be the "World's Greatest Trader and 15-time World Trading Champion", yet can provide no proof or reference to supposed greatness. A complete and total fraud, the quintessential trading charlatan. A pathetic individual.

Thanks for reading today’s review of Smart Money Room

What is SmartMoneyRoom? The service is a live day trading room that is owned and managed by person named Steve DeWitt. The cost of the live trading room is $197 per month.

SmartMoneyRoom maintains a YouTube channel at the attached link. TradingSchool.Org viewed all of the recorded videos and webinars. The “live” trading video’s are primarily recordings of NinjaTrader market replay, where Mr. DeWitt claims that he typically earns between $2,000 to $5,000 per week trading futures.

Steve DeWitt makes some amazing claims about his live, day trading room. On the SmartMoneyRoom.com website, Mr. DeWitt claims a fully verified profit of 135% for 2015.

In addition to these amazing claims of profits, Steve DeWitt also claims the following:

  1. Winner of over 15 International Trading Contests including the largest Forex trading contest ever.
  2. Steve DeWitt is the Author of over 100 articles for several trading publications.
  3. Today, professional trader Steve DeWitt threw down the gauntlet challenging any and all traders to a one-on-one $100,000 winner take all trading contest.When asked about his trading style, Mr. DeWitt stated, “Simply put, the trading system I use is so powerful that I know I can out trade anyone in the world and I challenge anyone to prove me wrong.”If you are up to the challenge and you have $100,000 to throw away, ante up and contact Mr. DeWitt directly at smartmoneyroom@gmail.com

TradingSchools.Org reached out to Steve DeWitt, seeking verification of of the supposed 135% “fully verified” returns for 2015. Unfortunately, Steve Dewitt could not provide anything that verifies these amazing performance claims.

We also asked for references regarding claims of articles that Mr. DeWitt has written for “several trading publications.” Once again, none could be provided. In fact, a search of Google returned zero articles attributed Steve DeWitt.

In addition, Mr. Steve DeWitt claims that, “I am the worlds greatest trader and in the past 6 years, nobody has the guts to challenge me to the $100,000 trading challenge.

And finally, Mr. Steve DeWitt proclaims that he is the world champion of 15 international trading contests. Once again, TradingSchools.Org asked for references or articles that proclaim or reference his amazing trading victories…however, none could be provided by Mr. DeWitt.

Steve DeWitt: a closer look.

Mr. Steve DeWitt has been making outrageous claims of superman-like trading abilities for a very long time. A deep web search reveals a multitude of failed and fraudulent activities.

Prior to SmartMoneyRoom.com, Steve DeWitt owned a day trading educational company named ForexConfidential. The following link highlights, once again, his supposed trading performance.

https://web.archive.org/web/20110714022418/http://www.forexconfidential.com/

A review of the Forex Confidential website reveals that Mr. Steve DeWitt claimed the following:

I am making 1.9% on my money every business day – so will you – it’s easy!!! We conduct meetings every Wednesday night (Wealth Wednesdays) at 8pm eastern where we talk about your wealth. I show you how to earn 20%to 45% on your money EVERY month and how to compound it daily.

Of course, a daily compounding rate of 1.9% is truly remarkable. In fact, if a person had invested only $5,000 with Mr. DeWitt and continued to compound daily for a single year, then a person would of realized a profit of $4,814,446. I dont know about you, but those types of returns get me excited.

In addition to these amazing claims, Mr. DeWitt claims that “anyone can profits thousands of Pips each month by simply following my amazing system. Unfortunately, for those that were foolish enough to believe such nonsense received nothing but losses and blown up trading accounts.

A long and sad history of trading scams…

Apparently, Mr. DeWitt has been running these trading scams for many, many years. Some of his other trading gems include, DeWitt University, where your trading dreams can come true. If your dreams did not come true with DeWitt University, then perhaps your trading could of improved with 4XRiches.com, where Mr. DeWitt once again claims hundreds of thousands of dollars of easy profits.

If my 4XRiches.com didnt work out, and you did not get rich. Then perhaps try out LearnFXTrading.com, where once again, Mr. DeWitt claims that anyone can earn $10k each month, trading Forex.

Truth be told, I have probably only scratched the surface with Steve DeWitt. The more I searched, the more Steve DeWittridiculous nonsense turns up on this con-artist. What seems even more pathetic is that in his most recent promotion, he touts his Christian faith and even has the audacity of posting pictures of himself and what appears to be several children. Who know if they are his kids or just some “props” that make him look more trustworthy.

Wrapping things up

Sometimes you have to laugh at the nonsense that some of these trading charlatans try and pass off. For over 15 years, Mr. Steve DeWitt has gone from fraud to fraud, website to website, leaving a trail of unhappy people that trusted him. Yet, he continues to march forward, enabled by crooked Steve DeWitt Tradingpromotors like OnlineTraderCentral, that have promoted Mr. DeWitt  several times over the years. Or, NinjaTrader Broker/Ecosystem that continues to provide a platform and environment where these charlatans can thrive.

Well, that’s it for today. Thanks for reading. And sorry for yet another sad and depressing story of a human turd that
continues to latch himself onto the heels of good and trusting people. Don’t forget to leave a comment below.

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58 Comments on "Smart Money Room"

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Stray Dog
Guest
Stray Dog
4 days 3 hours ago

T rusting
U ndocumented
R esults is
D angerous and
S tupid

rtchoke
Guest
3 days 13 hours ago

Well said, Stray Dog.

Pete
Guest
Pete
2 days 20 hours ago
What if it’s someone who has the opposite personal attributes of a Steven Dewitt or a Joseph James, but still produces no proof of their successful trading? The best example of this type is Al Brooks, he apparently was a highly successful doctor so people believe everything he says without evidence. I watched Joseph James school of trade videos and he makes very similar analysis as Al Brooks does but charges a lot more and has no personal background/credibility. So Al Brooks is legit because he doesn’t charge $5000 a month or because he is a doctor? This is the… Read more »
Stray Dog
Guest
Stray Dog
2 days 19 hours ago

Al Brooks has been mentioned several times in posts on this blog. I can’t recall anyone saying that he was legit or the real deal.

Lucky7
Guest
Lucky7
2 days 18 hours ago
Al Brooks is legit in a sense that his price action approach is sound. I have his books and they were useful. He does not give you a system, he walks you through on how he interprets price action. It’s a great help for those who want to learn how interpret price. Will it make you profitable? That’s up to you. It’s a bit like learning to read sheet music, that doesn’t mean you will become a good music composer but at least you will have a way to interpret the notes and symbols on the page. And as most… Read more »
Pete
Guest
Pete
2 days 15 hours ago

He is legit in the sense that most trading teachers are legit, a small fraction of their teachings have some kernels of truth for consumers to extract, there’s bad info mixed in as well if you backtest his claims about close of bars/moving avgs/etc. His sales of books/webinars/courses are predicated on his outrageous claim he takes up to 100 trades a day on the ES emini using his “sheet reading music” method of analysis and that you too can scale size up to 1000 ES contracts intraday as well to attain “income of your dreams”

Lucky7
Guest
Lucky7
2 days 26 minutes ago

You obviously don’t know what you’re talking about.

Pete
Guest
Pete
1 day 22 hours ago

Al Brooks doesn’t know what he’s talking about, but he’s making good money nonetheless. None of his ideas are original, he shouldb’t be charging money for offering basic trading analysis or suggesting there’s an edge following his outdated and appropriated teacings

Lucky7
Guest
Lucky7
1 day 17 hours ago

So why am I making money using his teachings?

Pete
Guest
Pete
1 day 15 hours ago

Because you’re a new trader who stumbled onto Brooks’ reappropriatons of common knowledge (edgeless or a small edge) trading ideas and you’re fooled by randomness. Within several years your profits are likely to revert to a mean of 5% or less yearly. due to random nature of market (which Brooks cult refuses to accept, randomness, degradation of edges)

Lucky7
Guest
Lucky7
1 day 10 hours ago

I’m not a new trader. You’re assuming a lot of things it seems. My personal experiences show otherwise so there’s not much you can say to disprove it.

Pete
Guest
Pete
1 day 10 hours ago

Ok, so you traded for years before finding Brooks’ books. What did you learn from his teachings that makes you think his teachings resulted in your profitability? I and most traders I know find little original and nothing unique in his teachings that has any positive expectancy.

Crooked Hillary
Guest
Crooked Hillary
15 hours 37 minutes ago
I agree that Brooks did not invent price action and there are plenty of others that implement it with success. I have read Brooks books and consider that in itself a success- I also have purchased Brooks videos. I have spent $$ on a lot worse trading products. Oh- I am also a graduate of the Steve Nison candlestick university – so I am an expert with candle patterns as well. LOL. The $$ I have pissed away! Compared to most of the buggers out there Brooks is the least of the crooks IMHO. Brooks provides so much info that… Read more »
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Lucky7
Guest
Lucky7
11 hours 28 minutes ago

I’ll bite. What’s the name of the indicator?

Crooked Hillary
Guest
Crooked Hillary
9 hours 58 minutes ago

I call it the Price Action doesn’t work indicator LOL. Seriously I don’t want to promote a vendor product here as awesome as it is.

I wouldn’t want to break any rules and be banned like they do at some sites 🙂

Trades for today… With brooks info added. Gold – Sell- Blue Buy – But you still need to know how to trade it.

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Tamiaya
Guest
8 hours 30 minutes ago

The number one all time downloaded indicator at Big Mikes is the Price Action Pro Indicator for Ninjatrader. If you don’t have it and want it let me know and I will send it to you also with a link on how to use it..

Stray Dog
Guest
Stray Dog
10 hours 1 minute ago

Crooked Hillary, Jesus wants you to share the name of the vendor.

Crooked Hillary
Guest
Crooked Hillary
9 hours 22 minutes ago

It’s not like the indicator is magic- It only helps if you understand price action. The ES chart today- One tiny sell signal at the open and all those buys. If you don’t understand PA you get chewed up in the sausage grinder. The ES was simply going through support resistance levels this am – all of these levels were on the chart before the open. No magic numbers needed LOL.

All I am trying to say is price action works if you understand the context. If you don’t you are screwed.

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David
Guest
David
9 hours 1 minute ago

Ok, I see auction bars, the lines not sure, where are they from? 🙂

David
Guest
David
8 hours 27 minutes ago

Free Dynamic SR indicator can draw these lines, but if you purchased them, hmm I remember Rios Q is selling exactly the same. No? 🙂

Pete
Guest
Pete
8 hours 24 minutes ago

Brooks it could at providing a description of price action and providing labels. This has nothing to do with having a positive expectancy, which is a favorable probability of being able to select profitable trades. Brooks has deluded you like all other semi-sophisticated traders, this cult really is amazing. Why doesn’t he run a charity with a small % of his trader education profits if he’s as good as trading forum people think?

Pete
Guest
Pete
8 hours 23 minutes ago

*Brooks is good at providing a descrition of price action*

Crooked Hillary
Guest
Crooked Hillary
8 hours 18 minutes ago

@Pete- You have very strong beliefs and you will manifest those for as long as you hold them.

That’s the reality. If you think the market is always random then that will manifest for you. It’s simply the way life works – Best of luck.

@David the SR indicator is free- Only paid for one indicator.

Pete
Guest
Pete
1 hour 47 minutes ago

Not beliefs, data derived from backtesting and years of experience not beliefs. Brooks cult is able to manipulate and exploit semi-sophisticated consumers based on certain non-random features that have no probability-based frequency which can be foreseen except in hindsight, that’s why he’s selling same ideas as Joseph James and other less savory types without the cult appeal Brooks has, shocking Brooks lovers are on here!!!

avgdwner
Guest
avgdwner
4 days 2 hours ago

Adam’s exposed. Emmett should bring back the deleted David Adams review and include this page. http://davidadamseminiscam.com/
The blog writer originally believed Adams’ lies and spam from the reading the comments here on ts.

Stray Dog
Guest
Stray Dog
3 days 6 hours ago

And now we return you to the discussion about “Smart Money Room” and “Steve Dewitt”

Stray Dog
Guest
Stray Dog
3 days 6 hours ago

Woops – wrong place.

Fred Bradley
Guest
Fred Bradley
2 days 23 hours ago
While I have not done an exhaustive investigation on Mr. DeWitt, I have spent several days in his trading room, and I can say, without reservation, that on most days, profits are being made. Of course, the amount of profits made by an individual trader depend on his/her experience and number of contracts traded. The last time I was in the room I heard one trader state that he had made $900 in that day, so it is not that people are not making money. Whether or not his background is shady, I have no idea. I am only speaking… Read more »
dtchurn
Guest
dtchurn
2 days 17 hours ago
Some comments about smartmoney. DeWitt’s new site uses Ninjatrader so it’s probably a new member of the ecocesspool. The photo of the blindfolded guy looks like from the same photo set used by Jousef’s GTR front page. I guess not many would disguise themselves like WT Ross with glasses and beard to look like a farmer’s market bread loafer guy. $200/month is a bit lower than the average legacy rooms. Netpicks continues with $300/month. Kongzana is $300/month also. Valdemar also peppers his site with “top trader” placement “competition lists’. My guess is smartmoney guy got caught one too many times… Read more »
John Dakota
Guest
John Dakota
8 hours 36 minutes ago

I bought the Pro9 system and was referred to this clown. Couldn’t stand listening to his juvenile remarks. Great assessment of this waste.

Tamiaya
Guest
8 hours 11 minutes ago

Not that Todd Rampe at Pro9 needed any help, but he shot himself by associating with Steve DeDimWitt

Don
Guest
Don
2 days 22 hours ago

Comment for Emmett!! Can you please tell my why you have taking that scum of a chat room Warrior Trading review down? The reviews are from honest people and they should know the truth!

Jonathan Shabazz Muhammad-Sanchez
Guest
Jonathan Shabazz Muhammad-Sanchez
2 days 2 minutes ago

Warrior Trading is still there. Something must be up with Google, but if searched in this website it is still there.

Stray Dog
Guest
Stray Dog
2 days 19 hours ago

Warrior Trading review is still displaying for me when I search for it. I think one of the negatives of making this site more secure than the average blog is that it’s a bit glitchy from time to time.

Dumpin donnie
Guest
Dumpin donnie
2 days 11 hours ago

Sure looks like this guy attended trump university school for flim flam. Any comments on the software this guy uses…I think it is academy day trading.

Don
Guest
Don
2 days 22 hours ago

Hopefully you can shed some light on it Emmett!?

trading in seattle
Guest
trading in seattle
3 days 15 hours ago
Adams isn’t the friendliest guy in town, so he is not a guy you would want to choose to be friends with. He doesn’t seem to be looking for friends. I have been in the room for a while now, and the first 2 months he seemed to be on the wrong side of a couple of large trades, but has come back and been on fire for the last couple of months. I share the same broker as him and can say they he didn’t blow any accounts out as my broker Jimmy just laughed at the question when… Read more »
Stray Dog
Guest
Stray Dog
3 days 6 hours ago

@trading in seattle I’m calling bullshit on this post. If any broker devolved any information about one of his clients to another of his clients that broker wouldn’t have a job next week.

George
Guest
George
2 days 16 hours ago

I was there the whole time and it is bullshit. He was nice to the guy but you could tell he was never going to make it. No one can trade for you and after Sim for at least 6 months and you cannot be consistent go to Vegas, I spent 5 years as a weekend crap shooter and at the end I was even and had lots of fun. Sorry, but you have to figure out your own method and aggressively keep going.

David Adams
Guest
2 days 14 hours ago

Thanks George. It was an unwinnable situation for me.

Haze Nihil
Guest
Haze Nihil
10 hours 14 minutes ago

Typical horseshit wall of words reply from Adams. Collect your Social Security and fade away please.

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