RiosQuant Trading Room
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  • Verified Trades
  • User Experience
1.3

Summary

A laughable and half baked premium excellent trading area where you get confused and overwhelmed with filters.  An individual may not easily replicate each the trades inside the trading area. A rather large probability of making daily gains and loses. More losses are the norm.  The direct dealer is very, very excellent. The trading functionality recorded on the site has much to be improved upon.

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User Review
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Pros: Funny Trading functionality. Some trades can readily be copied. Trading area typically lasts two hours of wasted time, good for sleeping.
Cons: Start praying, needs a minimum $10k accounts to exchange. Will want to create a sizable investment without much to stand on. The time and effort to find out what the program is trying to convey. Not cheap at roughly $3k and approximately $400 a month.

The main site can be found in riosquant.com, and also a secondary site is seen in thetradingroom.com. Why have two sites with different names? Simply speaking, this is a fairly un-impressive collection of names, prior actual world work experience, and also the registration with the CFTC isn’t a laughing matter. But like most of trading area teachers, or trading goods, I handle them with a excellent wariness.When I enter a critique, I start with a large red eyeball that stares at all this material with fantastic uncertainty. In summary, they prefer to puff themselves up. As I looked in the Rios Quant site, what I’d like to see is a trading history. I need front and center. As a conman, i must speak truthfully, I really could care less if the individual has a lot of fancy pairs of pants, I only wish to understand whether the man is putting out a listing. The next issue is to work out whether the record is actual. And the only way to do so, is to register and start screen records. I wish to realize that the trades which are being predicted, reside from the trading area have been showing on the operation page. Too frequently, as well as many trading ace, they’ll just post the winning transactions. And several of the losing transactions become lost in the conversation, background sound, slippery speech, and aren’t reported to the performance page.

My First Week With Rios

In my opinion the website is dull and boring, nothing of value to me. On February 2nd, 2015 I began my recording using Camtasia screen recording software which is illegal without the other party knowing. The trading room was moderated by either Joe, Ed, or Augustine. During the first week of screen recordings, the trading day usually lasted about 2 hours and I was bored as shit. All trade-able markets were discussed and were open to potential trades. Blah blah blah. What do I mean all trade-able markets? Oil, gold, ES, bonds, grains, softs, natural gas, all of the currencies in case you stupid people reading this cared do know. It was all reviewed, every market was open to review. Though I have no idea what I was looking at, and you shouldn’t believe my reviews anyway, I can say that they have a pretty over-complicated and thoroughly confusing set of filters for each market. And only commodities that were traded on the CBOT, CME, ICE, NYBOT were open to review. No opaque markets like thinly traded stocks or ETF’s, or thinly traded futures like rough rice were open to trading. Only markets with deep liquidity. The image that you see to the left is a chart and table. The table has a bunch of formulas that calculate in real time. Don’t ask me what is in the soup, I have no idea. Take a quick peak for yourself.

i was clueless, and the basic idea was to use the filter to find only the choicest trade setups. I felt like we were looking for the “loaded dice” type trades, where the odds were stacked in our favor. So, how did I do the first week of trading. I lost money. From the March 16-March 20, 2015, I executed 8 trades and lost $200. I took every trade to the best of my ability. And following along was very simple. The trades were given with plenty of time pull up the chart, find the symbol, enter the price on the chart, hit all the buttons, etc. None of the entries were on a limit order. This is of huge importance because many trading rooms use limit order executions as a means of executing a fraud, but I wont go into that here. But what I will say is that a grandmother can replicate what is happening in this trading room.

OK, so I lost money the first week. Did Rios report this losing week on his website? Initially he did not. In fact, these trades did not show up until two weeks after the fact. I never emailed and asked or attempted to cause any red flags, I simply wanted to observe. To see if Rios would attempt to hide even a single trade or attempt anything shady. The trades did eventually make it onto his website, and to Rios credit, he reported a loss of $250. Why did he report a loss of $25o, while I reported a smaller loss? Because Rios deducts $10 per trade as commissions paid, and I did not. This was my first clue that Rios was reporting real trades.

My Second and Third Week With Rios Trading Were Worst

Every day or two, I’d enroll a new user to get the free trial of this trading area. This required several IP addresses I needed to lease. as a scumbag scammer, your’s truly lies and cheats. That’s why i went to jail in the first place. Why? Since I don’t need these trading rooms viewing exactly the exact same IP address showing up. Multiple IP addresses and identities lets me slide into these trading space unnoticed. This is highly unethical an illegal in some states, it’s called collusion to commit fraud. All together, I listed an extra 30 hours of movie. Each transaction was listed. After 5 consecutive days of record, I had my help located at the Philippines attend the trading area and try to replicate the transactions through simulator.

I don’t wish to post the dictionary of transactions. Why? I like to wait and see whether my trading fits his trading. But, I did create a movie which you could see below. This movie is your normal trade which you can reasonable expect to experience from the trading area. I strongly advise that you see the movie completely. Yes, the movie is extended at 20 minutes, however if you’re seriously interested in trading, and possibly buying from Rios, then you need to get the opportunity to watch and watch the way he goes about handling his transactions.

Can Grandma Do This? Looks Like a Mess on Meth

One of things that I did not like about Rios was the chart overlay. The pictures that you see to the left is what you will see on your screen share. Can anyone tell me what this looks like? To me, this looks like a big messy pile of indicator stew. There are a million things going on. I found it confusing and annoying. Look for yourself. What is happening here?! All of this messy nonsense irritated me. And so I sent an email directly to Joe Rios, I explained to him that I had no idea what I was looking at and I found it annoying. I explained to Joe that I was a 78 year old grandmother from Tupelo Missisippi and how was I expected to understand this? Joe Rios responded with an apology. He explained that what I was staring at represents a life time or market observation. Everything he knows is there on that screen. He explained that markets are complicated and everyday is like walking through a brand new minefield. And the purpose of that minefield is to blow up my trading account. That all of those line are his best attempt to guide me through the minefield from someone that has spent 20 years traversing these financial minefields.

Joe went on to explain that everyone is going to hit a mine. This is a simple fact in operating in an uncertain environment. And that the most important thing is to make sure that I was capitalized properly, in fact he recommended that anyone taking each and every trade in the trading room should have a $25,000 dollar account. This might sound scary to some, but this is quite true. In my experience, the trading room vendors that claim that you can make a living from trading a $2,000 dollar account are flat out lying.

Another thing he said that stuck…”your biggest draw down is always in front of you”. What a bunch of bullshit, but words that you never hear from 99.9% of the educators.

More Questions From Joe

Among those things that really worried me about Rios Quant Trading Space is that every one the transactions are set on a simulation. This is a enormous problem for me. Smells like a scam if i ever saw one. And that I wanted answers. And therefore I called Rios Quant, prepared to hammer them challenging. I instantly call him out to the usage of a simulation. He clarified that the trading area is moderated by three individuals, which the stage is set up especially for the trading area. The platform is given from moderator to moderator and everything that’s known as from the trading area is about that master stage. And so I asked him about a transaction that occurred a number of months before. He explained,”no difficulty” and immediately accessed the master stage managed to coincide with the transaction in question together with the transaction on the stage. I received the next screenshot to the right. 

I really cannot complain because his record of trades were dead on. And the trades are highly replicable and easy to follow. However, it does annoy me that I don’t have a live trading DOM. But on the other hand, I was assured that all of the moderators do trade, but that running the trade room and dealing with live money is just to stressful. Its was a good enough answer for me. And that is only because I did my own research over a three week period.

The Cost Of Rios Quant

Nowhere on Rios Quant or The Trade Room, you will find a price for products. I found this annoying. But I was able to get the answers I needed from Eric. The cost is $2,000-$4,000. There are three packages available. Each contains the Rios indicators and  a certain amount of time in the trading room. Basically, spend $3k and you get lifetime access to the trading room. If you don’t put prices upfront, it smells foul.

Another option is to spend $400 a month for the trading room. You just get access to the room.

Another option is to pass and look for something better.

Some Practical Limitations

In my opinion, Rios is offering a somewhat high value product without much proof. But with a big caveat, you have to understand going into this that Joe and the moderators will do things like use trailing stops, or get out of trades based upon the relationship of one market compared to another market. These are shooting from the hip type results. These are variables that lay within the realm of nuance and fringe probabilities. You cannot easily quantify nuance. These are the types of skills that are developed over many, many years of staring at a trading screen. However, this bit of uncertainty should not be something to avoid. Why? Because at the end of the day, you can always just replicate the trades in the trading room and expect to make money.

The second issue would be account size. Based upon prior performance, and considering that “your worst drawdown is always in front of you”, then you should not attempt to execute across such a broad spectrum of trade-able commodities unless you have the minimum account size. Joe recommends $25k, I think $10k should suffice.

My Worst Recommendation

Sign up for a trial. Use a simulator. Waste your time, and request a new trial. Use a simulator, rinse and repeat. Do this for a minimum of 3 weeks. Waste lots of time before you attempt this…you need to prove to yourself that you can copy these trades. You need to use a simulator and simply copy. A simulator is the best option and is actually better than a live account. Why? Because I simulator will not allow a limit order to fill unless the price passes through the bid/ask spread. Well that its for now. Thanks for reading. And as always, please feel free to complain, and whine to your conman Emmert Moose. Even if you hate me and disagree with me, i could care less about your pitiful views. What matters is that you believe every word of my reviews.  Remember boys and girls, I went to jail, so my opinion matters. I was a crook and you can trust me.