Righline Trading
  • Honesty
  • Quality
  • Cost
  • Support
  • Verified Trades
  • User Experience
2.3

Summary

Please read update dated November 17, 2015

An extremely honest trading dealer, with what seems to be a fairly excellent trading merchandise, however he won’t demonstrate a live trading DOM within the trading area. Vendor should make that last step to complete and complete transparency by revealing the live trading DOM or trading in the graphs. I recommend the trading community group together, reach consensus, and convince seller to take this last step. Prospective buyers currently in the analysis period should demonstration by asking more transparency.

Pros: Very credible trading vendor, very honest, very smart, and is a warm and engaging person that cares about the welfare of his customers.
Cons: No live trading DOM inside of the trading room. No trading from the charts. The industry is rapidly and irrevocably moving towards this new minimum standard, the vendor is attempting to hold out.

Please Read UPDATE Dated November 17, 2015

Thanks for reading today’s review of Rightline Trading

What’s Rightline Trading? Rightline Trading is a live trading area, an accompanying index package, a private mentorship bundle, and also a Ninja DOM commerce implementation add on module. Every one of those products can be bought individually.

The live trading area has been moderated Monday-Friday from 8:15 am EST till 12:30 pm EST.. The expense of this live trading area is $299 a month, or even a life pass at $2,499. The index package comes in a price of $3,999 and comprises: two months of their live trading space, indexes, videos which explain the way the indicators must be utilized, in addition to telephone and email service. In the end, there’s a Ninja dealer auto implementation module in which a few intriguing entry and exit mixtures can be automobile programmed to Ninja Trader.

They’re recorded as a Ninja dealer educational partner. A deep search also reveals a parallel site tagged: Rightlinetrading-Forex. com.

Rightline Trading Online Reputation

A deeper search of Rightline Trading, specifically looking for any negative information pertaining to the company could not be found. I searched the usual sites where negative comments can usually be found: BigMikes (futures.io), RipOff Report, as well as ten levels deep searching on Google for any negative commentary or red flags. None could be found.

Next, I searched the owner’s name, Mark Sachs, specifically looking for any negative online commentary. Once again, I went several levels deep on Google and could find no negative information whatsoever. This is not too surprising considering that the company has only been in operation since 2013. I also searched for variations in the company name and as well on Mark Sachs at the CFTC, NFA, SEC, and any prison records at BOP.Gov. (Bureau of Prisons). Once again, I could find nothing.

Finally, I did a background search on a few specifics regarding Mark Sachs. He claims to have a Phd in Finance. Whenever I see PhD, the red flags starts flying. The last PhD trading educator that I reviewed turned out to be Dr. Vance Cast, a charlatan scam artist that got a mail order Phd and spent 18 of the past 20 years in prison for two separate drug trafficking convictions. When I saw PhD in finance for Mark Sachs, the alarms began howling in protest. In addition, Mark Sachs claims the following: “Mark Sachs has a PhD. in Finance from the University of Pennsylvania, Wharton School of Business. He is a former professor at Jefferson College, Philadelphia”. This is pretty loud resume, the Wharton School of Business is a very famous business school the turned Donald Trump, Warren Buffett, Elon Musk, etc. You can read the names here.

To be quite honest, I was 99% sure that this Mark Sachs character had no PhD in Finance from Wharton, and so I picked up the phone and did what I do best…ruffle feathers and make people feel uncomfortable. However, my phone call was met with quite a nice personality named Rory, whom then passed the phone to an equally nice personality…the PhD himself, Mark Sachs. I quickly explained to Mark that I have had more than a few people lie to me regarding resumes and I would appreciate if he would please take a picture of this supposed PhD and send it over. Approximately 10 minutes later I got the following picture…

Mark Sachs PhD

Ok, so I guess Mark Sachs is actually a PhD and went to Wharton. Yep, I was pretty shocked and little embarrassed. But at least everyone now knows the truth. Let’s move to the live trading room.

Inside of the RightLine Trading Room

From October 5th through October 16th, we recorded each live trading session in its entirety. During this time, we used 3 different alias’s to gain access as trial members. We also logged into each trading session using three different IP addresses to remain anonymous.

The live trading room is moderated by Mark Sachs. Before the trading day commences, Mark gives detailed instructions on how each trade should be exited. In fact, he has a web page dedicated to how each trade should be managed, he refers to these as ATM configurations. Below you will see two screen shots. The first screen shot is for the ES, please notice that Mark builds the ES chart as a 5 tick range bar. Each trade is entered using 4 contracts, with a 6 tick initial stop. The trades are exited as per below. What I really like about this disclosure is that I was able to very clearly build out the automated exits on my own trading platform. The following screen shot would be for the CL and the TF configurations.

atmCLTFATMes

After I built out the auto exits for each market, I then created the charts as described by Mark. Once everything was set up and ready to go, I then assigned my assistant, Reyna, to do her best and attempt to replicate the trades as per Mark inside of the live trade room. It is important to note that Reyna is located in the Philippines and so we can usually expect that with limit orders, such as what Mark prescribes, are going to have a bit of performance slippage. In other words, a trader that is collocated with a box within the CME’s Aurora, Colorada data center can expect to get better limit order fills than a trader located in Manila, Philippines. Regardless, Reyna did her best to copy the trades as they were called within the live trading room.

What You Will Not See Inside The Live Trading Room

If you have spent any amount of time reading my reviews then you know that I am very critical of trading rooms that do not show a live trading DOM, or do not trade directly from the charts. At no time during the review period were we able to witness the use of a trading DOM or trading from the charts. Big red flag. All of the trades that are called within the Rightline trading room are called out in a verbal manner. To Marc’s credit, ample time is given for order entry. He describes the entries as, “on next bar enter at price X, on a stop”.  However, on several occasions the market gapped past the entry price. Sometimes Mark would call the trade as missed, and other times he would take credit for the trade. To Mark’s credit, on one particular trade in crude oil, we were able to get a fill using a simulator and Mark called the trade as missed. However, we managed the trade as prescribed via the ATM (automated trade management) and the trade turned out to be a big winner of $450.

Overall, during the two weeks of watching and attempting to execute the trades called by Mark, we noticed a disturbing trend. For whatever reason, Mark would get nervous and begin hollering, “GET OUT GET OUT”. This created lots of confusion as the automated exits were already pre-programmed to exit at certain price points. Every time we took his advice and liquidated at the market, we had to take a one tick hit to execute at the market. All of these market order exits robbed of us hard earned ticks from from prior trades. Another thing, after watching hour upon hour of Mark trading, he gets nervous pretty quickly and has a delicate psyche. This might be construed as a person of weak emotional fortitude, however it was my impression that he just wanted everyone to make profits, even small profits, and felt responsible for the performance of the room members.

My general opinion of Mark Sachs is that he’s honest and wants room associates to be successful. Sort of like a shepherd tending to his flock, he’s somewhat too fearful that each shadow is really a wolf seeking to cause injury to the flock. Far too frequently, the wolf arrived and when he would of only stuck with all the automatic exits, then he’d of seasoned more winning trades. Specifically, on October 13, it is a busy trading afternoon and we implemented 12 trades. If someone had followed Mark just because he predicted the transactions reside from the trading space, then this individual would of earned about $240 grossprofit, and just $100 gross following commissions. But if a individual just took Mark’s entrances and handled the transactions in an automatic fashion, then the exact same individual would of earned $920 after commissions. A large difference.

Mark perhaps a very wise man with a PhD, but after seeing him exchange for a few months, you immediately realize he is completely human and gets the exact same psychological reactions as the man with no PhD. Not sure he’s the dude I desire with me at a pub fight.

Tracking Performance

During the trading day, as each trade is exited, Mark will add a snippet of text onto the chart. Each snippet of text would give the performance for the last trade. For instance, he would mark +10 or -10 that signifies if the trade made or lost 10 ticks. I found that his marking up of the charts with text to be completely useless. Why? Sometimes he would mark the charts with the correct amount of ticks and other times he would get it all wrong. For instance, one time he marked the chart as +17 ticks, but only 30 seconds prior, the trade was clearly a winner at +45 ticks. This went both ways, on winning and losing trades. Is he being dishonest or manipulative? No. There was no intentional dishonesty. However, his memory is either getting a little slippery with age, or the markets and managing the room for so many hours is just too much for him to remain an effective thinker.

With the shoddy, in market reporting from within the trading room, I very nearly decided to just scratch the room as a waste of time. However, at the end of each trading session, a person named Leo would come onto the mic with Mark. They would then go over each trade in a verbal replay. I found that Leo’s reporting was really accurate. Very often, Leo and myself would have each days trading session match perfectly. Other days, the ticks reported would be out of whack by +-5 to 10 ticks. Overall, when Leo came onto the mic, I knew that the real results were about to expressed, and not the marked up charts that Mark produced during the trading day. Leo’s end of day reporting is quite good.

If you would like to see the performance for the Rightline Trading room, the results are posted here. How accurate are these results? On average about 85% would be a good and conservative point of reference. In other words, if Mark is reporting $5k in profits, then a more accurate reflection would be $4,250.

Another major issue that is not talked about, nor is mentioned on the performance page is the cost of commissions. The Rightline trading room averages about 35 trades per week. Each of these trades averages 3.5 contracts per trade. So if a trader is paying $4.25 per round turn, and executing 122.5 trades per week, then they would be spending $520 in commissions per week. This big bite of commission will consume about 25% of any profitable trading week. Do not underestimate the cost of commissions. Its spendy, and Mark should mention this.

A Telephone Call To Mark Sachs

After I had recorded the trading sessions, collected the evidence, reviewed everything, made a list of positives and negatives…I will usually call the trading vendor on the phone. I introduce myself and explain that I am writing a review and that I have a few questions. What the vendor does not know is that I have all of my bullets ready to be fired off. Some of these vendors get really touchy, clam up, and some even get downright nasty and begin screaming like a lunatic (That would be you, Mr Rev). Most have heard of  me, that nasty ex-convict at TradingSchools.org and its quite shocking to hear that I have already spent a couple of weeks inside of the trading room, recording every little detail. They know a grilling is about to commence. I have to say that Mark took it like a champ and we actually agreed on most every point of contention.

I grilled him on the use of verbal limit orders and how I quite often was not able to get filled at specific price targets. I was totally shocked what he said next, “Yes, I am aware of this and agree with you. At the end of each trading day, Rory will come into the trading room and report what he was actually able to get filled”. How can I argue with someone that agrees? As we went through the list, I was quite surprised that he was absolutely aware of each point of contention. Refreshing to have such brutal honesty coming from a trading vendor.

My Overall Impression

Mark Sachs is not a hustler. The guy is honest. Really honest. And he is really, really smart. He doesn’t proclaim to have any magic indicators or “hidden order within the universe” or Gann crystal ball, magic order flow analysis, or any of that BS. Rather, in speaking with him, he attempts to explain that the basis of his trading was formed over 30 years ago,

For my thesis I helped develop, along with the US Navy “AESOP”, Automated Engineering and Scientific Optimization Program. Thirty years ago it was a breakthrough, back in the day when the University of Pennsylvania had the only computer in the United States and it was programmed via the use of punch cards. The mathematical principals of AESOP are what drive our trading software today.

Mark Sachs is plausible, and he receives in that dwell trading area regular, in front everybody. On this barbarous point and does his very best to direct everybody to a daily gain. Its hard. He does it reside for everybody to see. He wants to make that last thing, that one last push that many others have taken. That last bit of supreme credibility and transparency…the live trading DOM.

Wrapping Things Up

I desperately want to give Mark an awesome, 5 star review. But I cannot. In the past year, I feel like I have done an effective job at convincing many trading vendors to make the leap and show the DOM or trade from the charts. I dont know what’s holding Mark back, but at this time, he just wont commit to doing it. The trading educational industry is now quickly adopting this new standard, and the folks that resist are going to see their businesses suffer. I hope to bring just enough suffering  and pain to Mark so that he makes that final move into the grand pantheon of complete transparency. I hope that my review is warm and bright, but not so glowing that Mark continues on the current path. Come on Mark!

The path to sustainability for this wretched industry needs to be begin with a standardized minimum of showing a trading DOM for all live trading rooms. Once the trading rooms are on this path of transparency, then the focus needs to be an all out, brutal offensive on the indicator salesman.

Well that its it for today. Thanks for reading. And don’t forget to leave your comments below. Even the most vicious, hateful, vulgar ornery trolls with find that their voices are heard.