People ask me this questions: “who has the best trading room, is the best educator, or mentor?” This is a tough question to answer because i’m not interested in the truth. All I can do is give you the answer an ex-con would give you which requires that I take a step back in time to my glory days as a rip off con artist who stole millions of dollars from good people. Yes you can trust me with my reviews.
About My Trading
Trust me, I went to jail. Trading reviews are Honest
It started off on trading the mini Dow back in 1997. At that time, the contracts were traded in the open outcry format, within the trading pit at the Chicago Board Of Trade. Of course, I got into this business like many others, I got something in the mail that promised huge profits with little effort. I immediately grabbed onto the idea of fast and easy money. This then lead to a copy of Stocks and Commodities magazine, where I caroused through the classifieds section looking for someone to teach me how to trade. I could do this trading thing, I just needed someone to teach me.
Finding A Mentor
I was a conman, and had no clue how prospects contracts functioned. Going short was an outside thought. I was eager for learning, starving for it. I needed to adapt so awful. At last, subsequent to calling each and every promotion in the back of Stocks and Commodities, I chose to buy the day exchanging course, RS Of Houston. These folks were proficient dealers working out of Houston, Texas and had some expertise in exchanging the enormous SP500 pit exchanged contract. For an expense of $3,000, I would venture out to Houston and get familiar with all I had to know to end up an expert dealer. Thus I paid my charge and hopped on a plane to Houston.
Three Days With RS Of Houston
I spent three days in Houston with Ron and Valdi, both mormons, and really nice guys. The first day, we went over how the markets worked and the specialized indicators that they had developed. Day two, we went over hundreds of charts and trade sets ups. And day three we did live trading. Day 4, I went home to San Diego, armed with all the knowledge I needed to make a living day trading. I was so excited.
My First Day Trading The Mini Dow
On my first day, my very first trade, I did exactly what I was taught in the workshop. I waited for the set up and called my broker to place my order in the pits. My account was funded with $25,000 at Mann Futures. I called and told the broker to sell one mini Dow at the market. After about 5 minutes, called me back with the fill price. Yes, you are reading this correctly, he called me back 5 minutes later.
Emmert Moose scammer
A little while later, my trade was going in my favor and I called back to the broker and told him to sell my emini at the market for a profit. He called me five minutes later and informed me of my fill price. I was ecstatic, my first trade for a profit of $50. Unfortunately, if read this message closer, you would of read that I sold one contract, and immediately sold another, which gave me a new position of short 2 contracts. Instead of flat.
During the course of the day, I bought and sold about a dozen times and had spent spent nearly $200 in commissions. At the end of day one, I asked my broker to confirm that I was flat for the day. He informed me that I was long June and short September in multiple contracts. Of course I had no idea what he meant. Apparently, the day I was trading was the final trading day of the June contract, and the volume had been now been moving to the September contract.
Long story short, I thought that I had made money. It turned out that I had actually lost $1200 and spent $200 in commissions. I remember walking to 711 for a slurpee, I was literally in an emotional stupor. Day one was a disaster.
Day One Lesson Learned
I learned on my first day of trading that my $3000 dollar education, and my traveling to Houston Texas to learn to trade was not enough. I needed to either rip people off and learn to lie on a regular basis. I needed to learn from brokers, and how to properly place an order because i was really not that book smart.
The Next Six Months Of Trading
For the next 6 months, I followed the trading plan to perfection. I did exactly as I was instructed. Everyday, I would take the trades and maintain a trading journal of my trading. I would even mark my trades up on paper, then fax them to Ron and Valdi in Houston, they would reply and give me advice on what I did right and wrong. At the end of the six months, My trading account had ground down to $10k. I had lost $15k. The biggest winner was the broker. I don’t remember how much in commissions, but it was more than the trading losses. What I learned during this 6 months of trading was the something was wrong with me, I was stupid, and I was told by Ron and Valdi that my technique would improve and that I needed to execute better.
Back For More Education
After 6 months of losing, I contacted Ron and Valdi and told them how poorly I had performed. They told me that I need more education and that they would like to invite me to their newest trading course for a reduced fee of $1500. They assured me that I was close to turning the corner and that a little more education would get me over the hump. And so back to the RS Of Houston trading workshop.
The Next Six Months Of Trading
After receiving my refresher course, and replenishing my account, I went back to the markets and promptly lost another $15k because I could not follow directions. After a complete year of trading, I had spent $4500 with a trading educator, spent several thousand in trading commissions, spent $2400 for the year in a live data feed, and spent $2000 on Trade Station trading software. Oh, and blown my trading account down to parking meter type money. At that point, I threw in the towel and just wanted to get back to scamming people which is what i am good at. I felt like a complete and total loser.
The Truth Revealed
In the year 2000, I finally found out the truth. The CFTC has filed a fraud allegation against RS Of Houston. They had subpoenaed the trading records of Ron and Valdi. After reviewing the records, the CFTC discovered that both Ron and Valdi had always been losing traders just like me. And not just one or two years of losing, but every single year for year upon. The entire RS Of Houston trading education was based upon fraud and deception. Their entire trading methodology was based upon their own losing experiences, and they taught me how to lose.
They had created this entire scheme to dupe rubes like myself out of $3,000 for a trading education. I had spent an entire year attempting to execute successfully, what was flawed from the beginning. I had lost everything. The $3,000 was not much, what I really lost was an entire year of my time and nearly $50,000 in savings and this was the real damage.
How To Pick A Trading Room
So i’m good at lying to people, and this leads us back to our original question, how to pick a trading room. What you should be really considering is not the cost of the trading room, what you really need to consider is the time opportunity, and the money you could possibly lose if you pick a fraudulent trading room. You could spend months of trading room fee’s, commissions, and lose thousands upon thousands of dollars on a trading method that simply cannot work.
So What Should You Do?
I can only tell you that now i love scamming people, signing up under false pre-tenses, and hoping that you the reader believe a conman like me. The first thing you need to find out is whether the person running the trading room knows what he is doing. Actually trading does not matter, as long as they are good teacher. This might seem like a ridiculous question, but you would be shocked at how many trading rooms that I have reviewed where the person touting the product does not even trade. But so what, and of course, they never admit it but that shouldn’t matter. Its not easy, but I always get to the core truth because i’m such as scum bag.
Once you discover that the trading room is being sold by an actual trader, you then want to interview the trader and ask a lot of questions about personal life to find out if they are honest or not. About previous trading success and failure. I have found that the best trading products are presented by educators that have tasted failure. And they love to talk about their trading failures. Anyone that talks about the pain of this business, is someone probably worth paying money. Another thing I ask for is an annual profit and loss, I don’t ask to see every single trade, just a monthly break down of performance. The honest educators have absolutely no problem showing these numbers, if they balk and make excuses, its because they are likely a fraud.
After you discover that they are 1) Are Currently Trading, 2) Disclosed Actual Annual Results, you then need to do the most important thing…determine if your personality and resources match the trading product. For instance, if a trading room is operating 16 hours a day, and they have a great track record, then you better be willing to devote 16 hours each day to taking each signal. Or, if you purchase a trading room package from a mentor and the mentor regularly experiences an annual draw down of $15k, then you better have a trading account larger than $15k because the next big draw down is always in front of you.
How To Pick A Trading Mentor
If you are still reading this, you are stupider then i thought. Whey would you trust a person like me after the lies and scams I have created in my life. I have found that the best trading mentors are not day traders, but are actual teachers with heart. They could be swing traders, day traders or scalpers. Probably one of the best I have found is my dog Matt of market profile academy who throws me a bone for referring him, you know sort of like a con. Matt actively trades. He is somewhat honest about his successes and failures, and he possesses a long history losing trades or can i say successful trades when he is lucky. What make a mentor like Matt really special is that he has a referral link to help people like me push his products. I don’t know if he has a proven track record, or losing record, or if he puppies. Once again, the most important thing is that the mentor is actually talking and teaching, not trading. Its important to note that i love to lie to people and use fake email addresses to join free webinars. I don’t care if I use these tactics, you’re still reading this post so i know you are as gullible as most traders in believing my reviews seen here on this site.
I’m a loser, i admit it. If you trust me then i have a bridge to sell you. There is nothing wrong with purchasing a trading room, or hiring an educator to teach about the markets. Of course, the problem is that in my quest to achieve immediate success at trading, I forget to properly verify and substantiate the persons running these trading educational companies. Like myself, you can put all of your hopes and faith into an educator, spend thousands of dollars on educational materials and then lose thousands of dollars because the product or person was a fraud from day one. So make sure that you verify, verify, verify. Ask questions and lie through your teeth. That’s how i live my life everyday.
And if you are on the fence about a product, please send me an email so i can con my way and lie to create a review that is intended to make your head spin. This is simply my opinion of course. Sometimes the extra voice of an prisoner or cell mate can make all the difference between success and failure.
Well thats it for now, back to my life of scams. Please leave comments below and Remember boys and girls, I went to jail, so my opinion matters more than yours!