United Business Servicing - My experience with SchoolofTrade.com

Abilene, Texas 7 comments
Not resolved

Like the gentleman who started this post I lost several thousand dollars trying to make the SOT methods work. That of course was after I spent over $3500 on the SOT membership.

For anyone who is thinking of joining SOT let me give you my experience because I hope it will help you avoid the mistake of joining and worst of all believing that an SOT membership will help you be successful.

I was a struggling trader trying to figure out a way to make a living. I stumbled onto the SOT youtube page and was amazed by the results he was claiming. I looked back over the many videos he has and thought it was worth a try to test the 2 week trial. I tried to follow along with what he was doing each day but everything happened fast and I could never truly tell when he was actually taking a trade. I thought to myself...if only I was a member I would have all of the charts and indicators he has and he would be able to educate me on how to be successful so I joined.

Here is what I quickly learned....he lies about his results. If you randomly enter trades on your own and only count the winners anyone can show big profits on a bogus spreadsheet. For those that have used NT which is what JJ uses to enter his trades you know how simple it is to generate a very detailed report of all trades and profitability. The spreadsheet only has the winners with a few small losers spread throughout to make it look more legitimate.

When you take a free trial you will be overwhelmed with all of the charts and random hot air that JJ will talk about. He is great at sounding like he knows what he is talking about!!! By the time you figure out that is nothing more than a bloated fancy show you are already out your $3500+ and your pride will force you to keep "trying to make it work" After several months of losing money you will eventually have to admit you were duped by a very clever scam artist.

I have completely given up on getting my money back but I do want JJ stopped because he will continue to fill people with false hope with his bogus youtube videos. I only want him stopped so he can't hurt any more people.

I hope people aren't duped by his auto trader either because in case you haven't noticed the last update was May 6th and today is May 20th. Why no updates.....because the auto trader is getting creamed right now. He puts on the site that you can have an account with only 2K or so in it and use the auto trader but a person would get a margin call in a hurry with that plan so PLEASE DON'T FALL FOR THIS! I am confident the clever JJ will change the auto trader settings and "curve fit" soon to improve the results.

He also lists on his site that you can "manage accounts" and if this is true this is illegal by everything I can find because you have to be registered and certified to manage anyone else's money. I fill sorry for anyone who puts any money with these folks to manage. The SOT members area lists that even if the results are on a simulator for only a month you can "qualify" to manage money. If the CFTC won't do anything about that nonsense then they aren't doing their job.

I am thankful this gentleman put up this review to reveal SOT as bogus and I hope that will help others avoid the financial and emotional pain that will surely follow if they become SOT members. Please don't make the same mistake I did!!!!

Review about: Sot Membership.

Comments

ethanchall
Dallas, Texas, United States #604884

Re-posting this here since it is the second SoT complaint:

All,

I joined the advanced program back in February of 2010 after watching the room as a guest. I traded in the room with JJ every day for just over a year...until I launched another business which consumed too much time for me to focus properly on trading. Since then my visits to the room have been a bit sporadic just to stay in touch.

I have also traded Forex and Stocks since 1997. Unlike most of the commenters on here, I really know what I'm talking about regarding trading in general and SoT.

First, let me address the "scam" claim. My understanding when I joined was 1) that JJ would teach me his methods for trading price action based on technicals and order size flows and 2) that these methods work, period. I also understood very clearly that my success would be determined by MYSELF, not JJ. I was not *** enough to believe that I could shadow trade him, especially with the latency on a video feed from almost 2,000 miles way.

And regarding this "JJ better entry" issue, this has been addressed as well. Every different feed is going to vary slightly, especially with transmission latency. You need a very low latency connection to the feed in order to get in with the trap technique and a good level like he does. Also, he does have a bit on an instinct about pulling trigger where the entry level nets him a an extra tick or two...which can make a big difference. Either...

All gains and losses over that year were clearly MY fault. JJ told us repeatedly to take a disciplined look at our own goals and situation to formulate and strictly follow a daily plan. JJ clearly demonstrated from day one how to use his methods to make consistent profits. I saw every winning and loosing trade he took, displayed there on the chart for over a year. So was I "scammed"? Absolutely not. Many on the internet love to throw this word "scam" around and few know what it means. I never paid him to be "honest" about his trades. I know he has been 100% honest in the way he has dealt with me and the market truths he has conveyed in the room. Beyond that, I don't care whether he trades sim or live. But I will say he told us on a number of occasions that he does not trade in the room to make a living for himself, but strictly to teach his methods. I think most people are just not very bright and expect to follow him like lemmings and avoid all the extremely hard work JJ puts into his analysis and trading. Of course it is possible he has been dishonest on occasion to get a little extra business jsut like about everyone else on the planet has...I can't say for sure. But I do know for sure that if you pay the membership money, follow the instructions in the course materials, ask for help on details, and execute the right plan without emotion, you will be successful. A "scam" is when someone was intentionally deceived into not receiving what they paid for; and with SoT, members do get what they paid for regardless of their trading results. Everyone should take a good look in the mirror.

Second, I do believe that JJ has become a bit of a victim of himself over the past couple of years. Things were much simpler in 2010. Back then there were the basic patterns and easy going trade decisions. The concept "700 bucks a day" was great in that there were not the extreme highs and lows you see today.

JJ does the mental work of 5 traders every day. I've never seen anyone else perform tasks at such a high level of output over time. So as he hungered for more, I believe he introduced too many additional systems and methods in a attempt to move forward and chase evolving markets. His original methods were solid; but since then it has seemed impossible for one person to perfect all the stuff he has available.

And so my assessment of the current situation is that people are overwhelmed and confused because they don't understand the big picture and the roots of his trading systems. They focus on the wrong priorities like whether he is live or sim, or whether he treats every loss or gain with the same attention. In my opinion he is spread way too thin with too many systems and too many members.

I also believe many (most?) members are guilty as they do not start with the very beginning of his core methods and stay on sim until they are making good, consistent, dispassionate trading decisions. Only then after time controlling your emotions and cutting losses early will consistent profits materialize.

All of these "I lost all my money in the first month or two" stories are irrelevant. That was their fault. If they did what they were instructed to do, they would have lost all of their SIMULATED money and decided TRADING WAS NOT FOR THEM during the free trial period. If you do it properly, nothing changes from sim to live...trading is the same. Emotional hang-ups regarding the switch to live are the fault of the trader, not the teacher.

So take this as you will - but my advice is to put the energy into learning to trade JJ's methods instead finding fault as if he is supposed to be inhumanly perfect.

Regards,

Ethan

Show more
Anonymous
to ethanchall Mililani, Hawaii, United States #902453

It's been awhile. What are your current thoughts about SOT?

Anonymous
#503604

Why have I made thousands trading with SOT?

Anonymous
to KEvin Mililani, Hawaii, United States #902456

It's been awhile. What are your current thoughts about SOT?

Anonymous
#495050

I will not give my real name.I can report that after joining this scam artist's room, I have been thrown out with no recourse, because I kept asking questions about his fills.

Unfortunately for Joe, it is very easy to trace a person's location online, if you know security.

Bouncing your signal off a third party application site doesn't help.Joe should be careful about taking walks in his current area, because he can be videotaped, identified and exposed quite easily.

LloydH
#459547

This needs confirming by someone (which should not be too difficult). I believe the two main individuals behind this scam at www.schooloftrade.com are :

Joseph Donald Dufresne , born Mar 25th 1981 of Tempe AZ. Last known address was 2475 Pecos Rd Chandler, AZ 85224. Prevously at 4278 Jasper Dr

Chandler, AZ 85226.

and his brother

Perry J Dufresne, Scottsdale, AZ.

Anonymous
#364514

So far,I had just one day in his room called sidewaysmarkets.com and after the day his recap showed no losers when i saw with my own eyes he had at least 3.The guy seems to purposely talk so fast that you think he is saying one thing yet he is saying another.

Also.....what trader can follow 4 or 5 different markets on an 89 tick chart and make good decisions? No one can do this in real life. You would have to have a heart attack in 3 months if you tried doing his method for a living it would seem. I cant prove anything from one day, but it smells like a scam to me.

So "sidewaysmarket.com SCAM" will hopefully come up soon for people trying to do research on this company. What a shame, with his energetic personality,this Joseph James owner of sidewaysmarkets.com could really help a lot of people if he would just stop all the smoke and mirrors and double talk. And I already saw a post where one poor guy said he paid $4000 for the course and then get booted out of the room for asking too many questions.If thats true, that sounds criminal to me! To join sidewaysmarkets.com you have to put up 4 grand up front.

Thats scary! They have no monthly memberships from what I can see. Also a red flag. I admit, myself included, anyone who has had to make one big upfront payment to get into any chatroom, prop room or supposed "educational trading room" has gotten scammed on the Internet.

I pray the attorney general and the CFTC, SEC and all law enforcement...

Being most of this is interstate and a continuing criminal enterprise, I would think that would involve the FBI and be a RICO case which federal law enforcement guys love to prosecute.So far all the scammers selling trading systems 10 years ago are all still in business from what I see.

Show more
View more comments

United Business Servicing - Www.schooloftrade.com (SOT) & Joseph James

London, England 57 comments
Not resolved

BEWARE! www.schooloftrade.com & www.sidewaysmarkets.com is a scam and Joseph James is a fraud now desperately trying to cover up for years of deceit and lies.

SOT has recently updated their license agreement with statements like this,

"Do not make actual trades based on information or alerts based on any information from SchoolOfTrade.com nor our live Signal services. The signal service, for which you are enrolling sole purpose, is training." See the full article here http://www.schooloftrade.com/terms.php.

WHAT A JOKE! When I was defrauded by JJ he was banging on all day about earning a fantastic living and growing your account. He would often say things like

"if you take 2 losses in a row make sure you switch back to SIM trading" "You will need $1500 minimum capital to start trading with 1 contract"

"once you have made your daily profit goal switch back to SIM trading, no point giving back all that hard earned cash to the markets"

I could go on and on...

Please watch a video of my story at http://www.youtube.com/watch?v=jxFRI-j4SX4 or visit the SOT Review Facebook page at http://www.facebook.com/pages/schooloftradecom-Review/126853970701406.

I have been building a case against SOT for over a year now and I am certainly making progress. Please join me to get this guy shut down and held to account for defrauded hundreds of people with his live trade room scam now being re-branded as "training".

JJ promotes massive monthly trading profits luring the unsuspecting novice with the promise of riches, the truth is his system is utter garbage and cannot make any money whatsoever in live trading. He has deliberately deceived and defrauded people and now the heat is on and and the CFTC are no doubt on his case he is trying to cover it all up.

I am not going away JJ until you and SOT are shut down and everyone you have conned over the years is fully compensated.

Review about: James Wave Trading System.

Comments

LloydH
Manchester, Manchester, United Kingdom #1222720

CFTC Charges California Residents Joseph Dufresne, Megan Renkow, and Their Company, United Business Servicing, Inc., Doing Business as Schooloftrade.Com, with Fraudulently Marketing Commodity Futures Trading Strategies and Systems

http://www.cftc.gov/PressRoom/PressReleases/pr7464-16

Anonymous
Manchester, Manchester, United Kingdom #1222714

http://www.cftc.gov/PressRoom/PressReleases/pr7464-16

Anonymous
#898415

So since I'm a member and if anyone else is a member then if he is doing it in Sim mode then the way to check it is to have a live chart as long as it is not delayed of Meta Trader or something familiar while he is trading live.

I do it with my binary trading as I can watch the movement the market.

As I have joined his Full Time Membership and only have $600 left to pay it's a bit too late but since i have not used his indicators and have not traded then I have a good reason now to check if this site is genuine so at this point I am neutral.

It won't be too hard too check as JJ only does Crude, Gold and Mini Russell most of the time, but if you are mainly only trading 3 stocks would you not be well educated on the movement of the markets?

Or at the same time if you have joined and wanted to jump straight in then lose your money isn't that gambling?

So as I am a cautious person and not a gambler but I see him as an educated professional when listening to him.

So why not check on a live chart while he is trading with just a renko chart. If it is Sim Mode you will find out very quick the difference. So tho, what do you mean exactly by Sim Mode as no one has really questioned what it is? Thank you for the advance notice but checking is easy and did you gambler before you learn't anything is the other question.

So you know what to do people.Check!!!

ethanchall
Dallas, Texas, United States #604790

All,

I joined the advanced program back in February of 2010 after watching the room as a guest. I traded in the room with JJ every day for just over a year...until I launched another business which consumed too much time for me to focus properly on trading. Since then my visits to the room have been a bit sporadic just to stay in touch.

I have also traded Forex and Stocks since 1997. Unlike most of the commenters on here, I really know what I'm talking about regarding trading in general and SoT.

First, let me address the "scam" claim. My understanding when I joined was 1) that JJ would teach me his methods for trading price action based on technicals and order size flows and 2) that these methods work, period. I also understood very clearly that my success would be determined by MYSELF, not JJ. I was not *** enough to believe that I could shadow trade him, especially with the latency on a video feed from almost 2,000 miles way.

And regarding this "JJ better entry" issue, this has been addressed as well. Every different feed is going to vary slightly, especially with transmission latency. You need a very low latency connection to the feed in order to get in with the trap technique and a good level like he does. Also, he does have a bit on an instinct about pulling trigger where the entry level nets him a an extra tick or two...which can make a big difference. Either way, if you do your trade management as taught, the risk is pretty...

All gains and losses over that year were clearly MY fault. JJ told us repeatedly to take a disciplined look at our own goals and situation to formulate and strictly follow a daily plan. JJ clearly demonstrated from day one how to use his methods to make consistent profits. I saw every winning and loosing trade he took, displayed there on the chart for over a year. So was I "scammed"? Absolutely not. Many on the internet love to throw this word "scam" around and few know what it means. I never paid him to be "honest" about his trades. I know he has been 100% honest in the way he has dealt with me and the market truths he has conveyed in the room. Beyond that, I don't care whether he trades sim or live. But I will say he told us on a number of occasions that he does not trade in the room to make a living for himself, but strictly to teach his methods. I think most people are just not very bright and expect to follow him like lemmings and avoid all the extremely hard work JJ puts into his analysis and trading. Of course it is possible he has been dishonest on occasion to get a little extra business jsut like about everyone else on the planet has...I can't say for sure. But I do know for sure that if you pay the membership money, follow the instructions in the course materials, ask for help on details, and execute the right plan without emotion, you will be successful. A "scam" is when someone was intentionally deceived into not receiving what they paid for; and with SoT, members do get what they paid for regardless of their trading results. Everyone should take a good look in the mirror.

Second, I do believe that JJ has become a bit of a victim of himself over the past couple of years. Things were much simpler in 2010. Back then there were the basic patterns and easy going trade decisions. The concept "700 bucks a day" was great in that there were not the extreme highs and lows you see today.

JJ does the mental work of 5 traders every day. I've never seen anyone else perform tasks at such a high level of output over time. So as he hungered for more, I believe he introduced too many additional systems and methods in a attempt to move forward and chase evolving markets. His original methods were solid; but since then it has seemed impossible for one person to perfect all the stuff he has available.

And so my assessment of the current situation is that people are overwhelmed and confused because they don't understand the big picture and the roots of his trading systems. They focus on the wrong priorities like whether he is live or sim, or whether he treats every loss or gain with the same attention. In my opinion he is spread way too thin with too many systems and too many members.

I also believe many (most?) members are guilty as they do not start with the very beginning of his core methods and stay on sim until they are making good, consistent, dispassionate trading decisions. Only then after time controlling your emotions and cutting losses early will consistent profits materialize.

All of these "I lost all my money in the first month or two" stories are irrelevant. That was their fault. If they did what they were instructed to do, they would have lost all of their SIMULATED money and decided TRADING WAS NOT FOR THEM during the free trial period. If you do it properly, nothing changes from sim to live...trading is the same. Emotional hang-ups regarding the switch to live are the fault of the trader, not the teacher.

So take this as you will - but my advice is to put the energy into learning to trade JJ's methods instead finding fault as if he is supposed to be inhumanly perfect.

Regards,

Ethan

Show more
Anonymous
Harrisonburg, Virginia, United States #584369

I read his morning blog each day, and I'll have to say that it has helped me in

my own trading. I have been a trader for a long time and I do believe JJ has made

some good calls about the markets. His morning blog has become my first read

before entering the market place. It's packed with info and I have done very well

following this blog.

In the long run, you have to create your own set of entry/exit rules, not to mention good money management. Never rely totally on someone else to totally trade for you.

If you are a bit skeptical about SOT, I would suggest to first read the morning blog and then watch the markets for a bit. This will give you an idea of JJ's knowledge of the markets.

Anonymous
#540422

Disclaimer: I'm not a member.

I have watched tons of the youtube videos they post and read the morning updates on the site. I think there is some good info about the futures markets, but the site itself, in my opinion, is a scam.

Five things make it pretty obvious.

1- How he seemingly never has a losing day. To anyone who trades, this is preposterous. Ask anyone who trades for a living, stocks, futures, options, etc. It can't be done.

2- I can look at the charts at the end of each day and easily be able to tell which trades he claims he took, because he will conveniently only take the ones that work. One note on this, he trades 4 contracts and takes 2 at 5 ticks profit, 1 at 10-12, and last a runner. But a couple times recently he's shown in his youtube video that on days where there has been a huge selloff on oil for example, he will somehow know to (beforehand) do something different, which is to get short early, then add a contract like 20 ticks lower, then add another, and another, and by the end he will say he made 100 ticks per contract and made a +$4,000 trade. Somehow he knew exactly when to add each contract as well. It just seems fishy how I never heard him talk about that strategy, but it pops up after a day when it worked perfectly.

3- What makes it obvious, and has been mentioned several times already: His so called trades. On his videos he says this over and over again, "Can you place a limit order? Because...

4- The price for membership is clever. $4,000 is a lot of money for something like this all at once. They claim "our goal is to have you as members for life, not a monthly charge because sites that do that only want to take peoples’ money for a while, and they don't care if you come back." Think about that, it is completely backwards. If you have a service that works, you’d get much more business charging a small monthly fee (~$50). It’s MUCH easier to get $50 from 20 people for 4 months than it is to get $4000 from one person. Why the large one-time fee? Because they promote their website as this fantastic, can’t miss, easy to learn, extremely consistent method where you can make $1000/day. So obviously their information is very valuable, right? I imagine new traders get duped by this constantly with the dreams of getting rich. It seems great, until, of course, you realize it’s not even close to true. If he charged $100 monthly fee, people would be members for 2 months then quit.

5- Come on people, if there really was some kind of system or method for trading that worked as well as this one claims to, everyone would be using it, and then it wouldn’t (COULDN’T) work.

Overall I think there is some good info about the futures markets, but it would be infinitely more believable if they would post vids of losing trades, losing days, or mistakes made. Like I said before, anyone who trades knows you will never make money each and every day.

Show more
Anonymous
#458519

My Experience with SchoolOfTrade.com has been very positive for a few reasons.

First, the customer service I received was top-notch. I always get my calls answered and emails are quick responses. this was very important to me because I wasnt confident loading charts for the first few weeks and they really did a good job at answering all my questions and making it easy on me to start the correct way. made a huge difference.

Second, I love the trade room. I learn so much every day, I have fun, and I seem to be getting better by the minute while I listen to JJ talk about what he's seeing, etc. Very exciting place to be, and for an old-timer like me im trying to find someone to work with every day besides the dog :) Love the trade room, the education, and JJ has the energy of 100 people, really amazing stuff in my opinion and ive been to a million other trade rooms.

Third, most important....I have been profitable for over 6 weeks now almost every day. I wanted to wait to write my review until after I had experienced everything that JJ and SOT offers, but now im really excited for each day. I earned my initial investment back in 2 weeks of trading 1 contract and now im trading 2 contracts. I have only had 3 days over 6 weeks with a loss end of day, and the losses were only a few hundred dollars TOTAL, nothing like the old days of my trading when I would lose thousands, this...

I have been making money with JJ, and even though it required a little bit of work in the beginning I am SO glad that I joined. I attend the trade room every day, and im SO excited for the new members trade room next week.

I recently recommended this course to my brother so he can manage his IRA account, and I would encourage anyone looking to earn some money in the markets to join up too.

Hopefully I will see you some day in the members room. In the meantime I will be studying my patterns. have a good day everyone.

Show more
LloydH
#457422

JOSEPH DUFRESNE is uncovered as the real man hiding behind the alias Joseph James at SOT.

Now, can anyone assist in tracking his California address down?

Anonymous
#441490

I’ve been a member for over 18 months with SchoolOfTrade.com and JJ, and I have continued to be impressed by how hard JJ works for us as members, how easy it is to ask questions and get support, and how well the Fast Track Method prepared me for my trading career.

I graduated college without any real direction when I met Joseph at SchoolOfTrade.com and I was impressed right away like I think a lot of people are. Not really knowing what I was getting myself into, I jumped in and started learning.

I made the rookie mistake that I think everyone makes, I tried to learn all of it at once, and ended up blowing my first account because I tried to scalp every move in the market, even as JJ reminded me over and over again to complete the ‘custom’ trade plan worksheet…I just never thought I needed a trade plan…boy I was wrong. I just didn’t realize how important it is to be patient for the best patterns at the right times of the day.

Fast forward 12 months later and I am making money almost every day. After I blew my tiny trade account, I had a private training with JJ and he reminded me of the Fast Track method ( I knew about it the whole time, but never took it seriously). After reviewing the fast track method I realized it wasn’t a bad idea to follow Joe’s plan, I tried to be a ‘bull in a chine shop’ and that didn’t work, now I needed to LISTEN to JJ…and off I went.

10 days to learn, 10 days on demo, and then I went...

I took my first 3 months on 1 contract with the fast track method, then moved to 2 contracts, and now a year later I'm trading 6-8 lots during the day, and even put my profits into the auto trader and have made money there as well. I guess I can say that in the end I'm the happiest trader in our live trade room most likely.

The team at SchoolOfTrade.com and JJ have dramatically changed my life, I cant even think of where I would be right out of college without the whole package. He provides me with daily discipline and motivation, even eating healthy has been something he rubbed off on me too :) On top of the ‘intangibles’ I'm making real money to pay my bills, and for that I am forever grateful.

I got an email from a friend of mine this week talking about how upset he was in another trading chat room for stocks. I told him he needs to go see JJ at the very least to get himself back on track…but I know he wont leave once he sees the value that I did.

Thanks for letting me share this with you guys. Hope it helps new people understand the value the I saw in this program. It may not be for everyone, but learn from my mistakes, if you put some effort into it, listen to what JJ is telling you to do, you’re going to do very well.

Email me if anyone has any questions, id love to share more.

Show more
LloydH
#438042

Readers, search this in google "schooloftrade.com court battle" and read about how SOT has been ordered to repay membership fees to an ex-member after losing a case in the California small claims court.

Those comments from "Peter" & "Donny" are posted by JJ & friends. JJ goes round all the forum threads that expose his SCAM and posts positive comments pretending to be a happy customer of SOT. Everytime fresh evidence gets posted he will be straight on the thread posting nonsense praise about how great he is.

Anonymous
to LloydH Harrisonburg, Virginia, United States #584378

You joined for only thirty days, then quit and never asked for help.

What happened is you blew your account on your own and are now

pouting.

Anonymous
#433826

90 days as a member,glad I joined and I wanted to provide my feedback as well.

I am indeed making money with this trading method, and I would indeed recommend it to a friend.

The real value is that JJ teaches me to fish every day (as he says) so that I can be a trader on my own some day. that is a huge value for me.

No, this is not a get rich quick, that needs to be assumed.

You will need to apply a LITTLE effort to learn first :)

Yes, you will need to learn how to use the information that JJ gives you.

Yes, it will take about 2 weeks to get earning with these methods.

With that said, I have had good results. I have had a few losing days, but my results are positive week to week.

I am using the auto trader flex strategy and using it to provide me with automated entries, and then I am taking profit on my own. I earned my enrollment fee back in the first 3 weeks of using the auto trader, pretty cool.

I also attend the live trade room, and I take the fast track trade calls. Again, you need to learn how to trade the fast track first, come to any of the daily trainings and JJ will show you, its not hard, but you do need to learn it.

I am using the fast track trade plan, and im making money with that today. last Thursday I took all of the Gold trade calls and made over 100 ticks on 2 contracts with those, which is my best day...

I make money with the trading methods provided by JJ and SchoolOfTrade.com, and it looks like there are a lot of others making money with this method too so congrats!

I would like to thank JJ and the SOT staff for making this all possible, im excited for tomorrow's trade room!

Show more
Anonymous
#430805

I can only speak for myself on this, but my experience with JJ and schooloftrade.com has been great.

For the record:

I AM MAKING MONEY WITH S.O.T TRADING METHODS EVERY DAY/WEEK/MONTH. ITS SAD THAT PEOPLE WOULD POST THESE LIES ABOUT SUCH A GREAT SERVICE THAT JJ AND SOT PROVIDES. I HAVE SEEN HIS TRADING STATEMENTS, I AM A MEMBER. THESE FOOLS POSTING ON THIS PAGE ARE CLEARLY NOT MEMBERS...ILL BET THEY WISH THEY WERE RIGHT ABOUT NOW!

JJ is a true professional who has committed so much time to me and other members' success I feel that I owe it to him to tell my story here too.

First, his education in his trade room is 100-times better than anyone else I have ever seen.

Seriously, this guy is superman in the way he calls trades, show us where to enter/exit/targets, and still makes sure to take questions and trade himself! incredible stuff, never seen anything like it before.

Second, he offers training EVERY DAY. So every day we get to ask questions and he shows us in his training room, that to me is such an advantage over other education I have tried in the past that is nothing more than a PDF and a trade room with poor trade calls and NO long term education.

Third, im making money almost every day with his trading methods.

It took me 3 weeks to take the time and learn to trade like him. Yes, I said it, i had to WORK a little to learn it, and im amazed at how many people on these forums are lazy...

four, the auto trader has changed my life. I have been making money with the fast track method which he calls live in the trade room, but this auto trader is so cool. I downloaded the strategy, I used his templates, and I attended the trainings to learn how to use it. I used it demo for 10 days and then 90 days ago I started trading it live. This auto-trader takes the trade for me, and all i need to do is move my stop and profit target to where our trading plan tells me. Again, it took me 10 days to learn, i know, effort needed im sorry, but after I learned it was very easy.

Im retired, almost 65, and this is something that has really helped my lifestyle, and i would be happy to communicate with anyone who has any doubts this stuff works. Since the well never runs dry i would be happy to share my experiences with anyone interested.

Show more
Anonymous
#415749

IN response to the comments Written by RYAN_G g on September 13, 2011. I see that Ryan has started his own Professional day trading education website charging $500 for a lifetime membership. Does this site look to be developing into a perfect copy of SOT to anyone? His charts even have powered by SOT on them! Ryan insists he trades live but told me that he , and I quote

"just want a secure income on the side of my trading, as the thought of relying on my trading for the rest of my life scares me as it is such hi risk".

I found Ryan after he started a trading journal on big mikes trading forum quoting SOT as his background. If you search for RGFUTURES on You Tube and you will find him there.

Anonymous
#415740

IN response to the comments Written by RYAN_G g on September 13, 2011.Your opinions make perfect sense now!

Ryan has started his own Professional day trading education website charging $500 for a lifetime membership! Just search for RGFUTURES on You Tube and you will find him there. Does this site look to be developing into a perfect copy of SOT to anyone?

His charts even have powered by SOT on them!Ryan insists he trades live but told me that he , and I quote

"just want a secure income on the side of my trading, as the thought of relying on my trading for the rest of my life scares me as it is such hi risk"

Anonymous
#405214

I learned to trade from JJ.Is he totally honest?

Probably not. But if you forget about his P & L claims and instead focus on the methodologies, you will learn one *** of a lot about day trading. I did.

I mean, come on people, grow up.Nobody is going to do it for you.

Anonymous
#349003

Just do the math:

JJ says, that it is possible to start with 2500$ per contract, to make 10K a month. Based on his sheet he is presenting every day and if you calculate this all thru you would be making???:

OVER 2000% per year!!!

...if you really think that you could make such returns, then you deserv it to loos money, that's all i have to say!

But probably the ones that start with his *** are newbys. And they are not at the stage of trading to calculate realistic returns. And exactly these customers are the ones that geht f.... up!

- why is he not showing the results in NJT it self? NJT has, as you probably know, very good statistics implementet that immediately shows the results.

- why is he not showing hes superdome and instead manage hes trades thru a chart?

- why are the contracts he trades NOT SHOWING UP IN THE REAL TIME AND SALES WINDOWOWS??? (everybody can doublecheck that!)

- why is he not giving PNL statistic from hes broker?

I give you a hint how to make 2000% a year:

STAY AWAY FROM THIS GUY!!!

octagon

Anonymous
#347010

RYAN_G or JJ?, this post looks strangely like more propaganda from the SOT camp to me, so funny

"yes he might cheat a little, he might over excaudate his PnL" and you’re not asking for your money back then RYAN_G?

This is a garbage post in my opinion. Question for you JJ is simple, are you prepared to go stand in front of a Judge and try to defend yourself?

This is the real test for you JJ!We all know you will not!

Anonymous
#343387

right i have been a member for a year, i have not made any money trading. the money i have made i have lost.

i spot thing that JJ does wrong all the time, in how does he get the price, how has he confirmed his entry so early, how does he always beat my price ect

but at the end of the day of he is trading sim or live he had provided a trading service to teach and obviously sell his course

im only 23 and i have not been trading long, but i got a good head on my shoulders and when i look at his methods.

its makes sense!

yes he might cheat a little, he might over excaudate his PnL

but at the end of the day, his goal is to sell his courses and show how it works! His trade room is not for you to shadow. It’s to show you how it work and to teach you all the good stuff he knows! U cant blagg that

His course is worth so much more, if u can learn and understand it. You can take it and use it to fit your personality and make your own trading edged!

Its hard work but making good money always is!!!!!!!

I am basically there, I just need more exp in the markets because they are violent, fast and if it catches you slipping it will take your money, iv learnt that and I have no one els to blame but myself and my emotions!

Yes it has frustrated me I cant see his DOM ect, but like I said there is so much more to his course! Learnt it like the back of your hand and apply you thoughts and methods and take your...

That’s all I have to say

Loyd I have been flowing you for a while now and personally u need to sort you life out! U cant trade a method for a month and expect to make money and be a professional trader or everyone in the world would be doing it, some people will never be able to do it no matter what and some people it will be natural

As every one know`s only 10% of the people in the world actually make a living of doing this, so u really think its that easy to put your self in that 10% na I think no buddy

Get your head down and work hard like evey one els has had to pal and stop blaiming every one els!

JJ`s method will work if you apply it properly and you become a trader! Not a noddy like you obviously are

And people yeh this is coming from some one who has not made any cash yet trading this method!

But owww god I will soon 100%

Thanks JJ :-D see you in the room soon

Show more
Anonymous
#339612

I have tried his 2 week trial and I don't think he is a scam.He is simply giving a method that he uses and based on his method of trading, the tools he uses and the patterns he looks for all corespond with the info on his blogs and they make sence and have given good results from taking selective trades.

You do not have to follow his advice and you can do what ever you want.

You should learn the method then practice on a sim account for 1 month then tell me how you did!post here.

Anonymous
#288714

Like the gentleman who started this post I lost several thousand dollars trying to make the SOT methods work. That of course was after I spent over $3500 on the SOT membership.

For anyone who is thinking of joining SOT let me give you my experience because I hope it will help you avoid the mistake of joining and worst of all believing that an SOT membership will help you be successful.

I was a struggling trader trying to figure out a way to make a living. I stumbled onto the SOT youtube page and was amazed by the results he was claiming. I looked back over the many videos he has and thought it was worth a try to test the 2 week trial. I tried to follow along with what he was doing each day but everything happened fast and I could never truly tell when he was actually taking a trade. I thought to myself...if only I was a member I would have all of the charts and indicators he has and he would be able to educate me on how to be successful so I joined.

Here is what I quickly learned....he lies about his results. If you randomly enter trades on your own and only count the winners anyone can show big profits on a bogus spreadsheet. For those that have used NT which is what JJ uses to enter his trades you know how simple it is to generate a very detailed report of all trades and profitability. THE SPREADSHEET ONLY HAS THE WINNERS WITH A FEW SMALL LOSERS SPREAD THROUGHOUT TO MAKE IT LOOK MORE LEGITIMATE.

When you take a free trial you will be...

I have completely given up on getting my money back but I do want JJ stopped because he will continue to fill people with false hope with his bogus youtube videos. I only want him stopped so he can't hurt any more people.

I hope people aren't duped by his auto trader either because in case you haven't noticed the last update was May 6th and today is May 20th. Why no updates.....because the auto trader is getting creamed right now. He puts on the site that you can have an account with only 2K or so in it and use the auto trader but a person would get a margin call in a hurry with that plan so PLEASE DON'T FALL FOR THIS! I am confident the clever JJ will change the auto trader settings and "curve fit" soon to improve the results.

He also lists on his site that you can "manage accounts" and if this is true this is illegal by everything I can find because you have to be registered and certified to manage anyone else's money. I fill sorry for anyone who puts any money with these folks to manage. The SOT members area lists that even if the results are on a simulator for only a month you can "qualify" to manage money. If the CFTC won't do anything about that nonsense then they aren't doing their job.

I am thankful this gentleman put up this review to reveal SOT as bogus and I hope that will help others avoid the financial and emotional pain that will surely follow if they become SOT members. PLEASE DON'T MAKE THE SAME MISTAKE I DID!!!!

Show more
Anonymous
#288254

Allow me to chime in here. As Ed (JJ) has stated, JJ is not a *** guy.

Once Lloyd started exposing him for what he is, he made sure to have the appropriate "disclosures" and "terms and conditions" so as to operate the way he does and get away with the lying he does in his room as he runs his ***.

It is kind of like those commercials for growing your wiener by taking those pills. Obviously it is not true and they basically say as such in their fine print but because they have those disclosures, they can "strongly imply" anything they want to and reel in those desperate blokes that are desperate to increase their manhood.

That is basically what JJ does. He spins his plates with all of his videos he makes, pretends he talks to loyal members in his webcasts that are complimenting him, only shows his trades after he is in profit and well after he called it in the room or lies about not taking it if it is a bad trade, adds his pips that he won't show via the Ninja accounting etc.

He takes advantage of people "hoping" to make money easily and that is also why he does the big lump sum payment vs monthly payments. Once he has your money from you,he accomplished what he set out to accomplish and it is on to the next unsuspecting person who isn't lucky enough to run across this site.

Is it "legally" a scam? Maybe not legally, I don't know. Is it morally and ethically a scam? Likely.

Legal vs ethical and moral can be very different...

Show more
Anonymous
#288126

Good luck with that D gibbs, read the terms and conditions. Its not a scam, JJ is in the trade room everyday working hard for ungrateful members like you. Please let us know how your "suit" goes.

Anonymous
#287900

I was a memnber of SOT for 60 days and I must say what a scam... All I ask for was help and I never got any so I ask for a refund and was told no, I file charges with several Goverment officials on SOT and hired a lawyer yesterday. I plan to take suit as soon as I get written documentation back from these officials...

Anonymous
#271491

I had been member for schooloftrade for 10 months before JJ kicked me out from his trading room as well as advance level course for asking honesty from him. I started suspecting him couple months ago, but i did not want to confront him directly at that time hoping that he would change, oh well it never happened. I sent him email on 03/24/2011 telling him a story about another trading room that got busted using SIM account to trade (well at least that traderoom was honest by showing DOM when taking trades). I was hoping that he would learn from that accident and change to be more honest. He did not change then I sent him another emails telling him about my opinion that he is not honest, but he never addressed that. I was observing him few days afterwards, nothing change from him.

One day he called for a fastrack short, he put the entry, target and stop loss on the screen as well, after the price hit the entry price, then the price was up and down, kind off stalled, then he said to the room, for whoever took it, you can get out (few tick losses) if you don't feel comfortable. It turned out to be a loss trade. Then he called another short trade afterwards and it was a win. I was waiting for him to acknowledge the earlier lost but he never did. I was very dissapointed at him and then i asked him about that earlier trade call. You know what he said? you guess it right. He said it was a skipped trade since it was a high risk. I confronted him directly, then he booted...

After that accident i convinced him to be more honest and transparent, and i would be happy to join him again. He said he does not trust me anymore. He is afraid that i would ruin his hard work like everybody else here. What's an excuse. I told him whatever complains people wrote here are not groundless since i witnessed it with my own eyes and ears. I told him if he is honest there is nothing to worry about. I clearly told him that if he is running an honest business and he caught me ruining his hard work, please feel free to prosecute me to the fullest extent of the law, but before he caught me doing harmful to him, i want him to give me back my access to the trading room as well as advance level course, otherwise refund my money. He refused to give me back the access nor my money. You all be the judge.

I want to recap my opinion about him:

PROS: - JJ has a possitive attitude (at least that what he shows during the trading time)

- JJ is funny sometimes

- JJ is knowledgeable and he produces daily video to learn.

- JJ is very smart and creative

CONS: - JJ is not honest. Period.

If you are a current member or somebody using his 3 weeks trial please do these below:

- Please DO ask him if he is using a SIM account or real money account. If he says he is using real account, please ask him to proof it

- When he calls a trade, watch very carefully when when the big order shows up. When you see his entry price does not match with the big or oder, please ask him why.

- Ask him to be more transparent by showing his DOM when taking trades. FYI for you who don't know yet, JJ Only shows his chart trader if he hit first target already (well sometimes he showed that he had 6 ticks full stops, but it is rare)

- Ask him if he is willing to manage your account if he is as profitable as his claims. I personally asked him couple times to manage my account given that he is very profitable. I told him that i am willing to share 30% profit. 30% is much higher that big hedge fund charges (usually big hedge fund charge 20%). He never answered to me regarding this. If he is truly profitable, wouldn't 30% profit sharing without bearing the loss, is a very good side income for him? You all be the judge.

Last but not least, what i wrote here is totally my true experience and observation about him. I hope people will not loose a lot of real hard earned money like me.

Show more
Anonymous
#270501

he also hides the loosing trades even with his auto trader.

Anonymous
#266724

jfame, Let the Facts remain clear, SOT is defrauding its clients using fake trading results and deception.SOT claims their system is making an average of $10K every week, which of course it is not.

The reason being is that JJ hides most of his losing trades and publishes results based on SIM trades not LIVE trades. If you follow SOT methods and trade using a LIVE account you will not be able to hide the losing trades from view, they will be on your live account. You claim "i took another month to get it right and now it’s showing results". IF this is true then it means you are now avoiding these (hidden) loosing trades.

I very much doubt that, what logic are you using to filter the losing trades from the winning ones? I am sure JJ & SOT would love to know what it is!

LOL.Regardless your results are irrelevant to this thread as whatever you claim to be trading now, it is not SOT methods.

Anonymous
#266453

his advanced trades are not for beginners its too overwhelming his fast track makes money ive taken his fastracks but its still not up to what he reports back as profit he tells u to take a loss and than changes the subject i purchassed the course i was doing great on sim *** great!than i switched to live my 1st day i lost 600$..the next day i won back the 600$ with my trades using the tools he gave me.

the next day up 300$..this was on a wendsday which was opex week and since i was inexperienced i messed up.. jj specifaclly told me to let my swing trades run and dont trade thurs and friday i lost 1300 those 2 days ..i did the total opposite and i blew out my account by the following week. You cant really complain he teaches you alot im not trying to stand up for him cuase he did no respond to alot of my emails and than when i got his attention using some nasty words you cant really take his trades you have to use the info and basically implement it yourself.

So i did excactly that i took another month to get it right and now its showing results.dont get me wrong i thought he was a *** but the truth is ppl can only help you so much if ur trying to make money you have to take your own trades or unless your with the dude hes sitting right next to you you cant take a live trade call over the internet there like atleast a 2 second lag from when he calls it and theres probably an even biggger lag as he identifies the trade and than presses the button and than...

Show more
Anonymous
#257913

There is little question JJ is closely following these posts as he is gradually changing his style in how he calls trades and using different excuses all the time to cover for he fact he is not transparent.

I would say 80% of his trades or more he calls "high risk" trades and he very nervously calls those. Now, he STILL takes those trades ONLY when he is in profit as he always does of course. In other words, he waits for his trade to be positive before he says he is GETTING IN even though he is ALREADY in. So of course he shows his chart when his high risks start working out. Now, if the trade does not work, of course, he didn't take it.

Then, he will get in an argument with someone trying to interpret when to take his trades and when not to and he belittles them because they don't understand when he doesn't mean to take a trade. He is basically saying "Don't take the high risk trades, I told you that". But of course he does take some of them and others he doesn't.

He belittles that person not understanding when to take them and when not to take them even though he sometimes takes high risks and sometimes he doesn't and of course, that is decided after he is in profit or not. So he hasn't changed BUT he is trying to work differently in order not to be as overt about his lack of transparency.

BUT, and this is in his defense, you can tell he is really trying to get better now. He is working hard to overcome critics. Is he transparent?...

Again, if he is actually profitable on his own, all he has to do is ADMIT FULLY he is trading in SIM the entire time as he says in a deeply buried disclosure on his site and simply show is DOM or charttrader to see what he is doing and what he is not doing and BOOM, he has a legit business he is running. Very simple.

So JJ, if you are reading this, and I know you are, start trusting what you are preaching and be TRANSPARENT. It is not that difficult. It will be a MUCH easier sale and you will have a lot more people who actually respect you and aren't pissed off at you for being a liar.

So let's see if this can get through to you and you can understand a concept I am sure your Mother taught you. BE HONEST instead of attacking people for calling you and trying to garner support from your lackies for how you are with hiding your chart trader.

What do you say JJ?? Make it happen man. You have been doing this long enough so surely at some point you can have enough confidence in yourself so we can really see what you are up to. Right? Can you argue with this logic? I don't think so.

Show more
Anonymous
#256724

OK. I read this blog and others regarding the observations of this guy named Joseph James. It isn't like I didn't believe what was being said, but I had to see it for myself. I mean, how can this guy pull off what he is up to when his website with all his videos and writeups etc actually seem pretty good. How bad can it be? he seems really professional with all that stuff after all.

Well, it is worth a visit just to observe this guy for sure so I actually recommend it.

First of all, he has 4 charts dedicated to whatever instrument he is trading and then each chart has a combination of perhaps 15 indicators that he calls things like momentum, trigger line, big money line, a ton of support and resistance lines he draws, other support and resistance lines the software places for him, pace of tape, scrolling orders, and more! I have never seen so many indicators for a trader that calls himself a professional trader in my life. Truly, if he were to take all into consideration that he teaches, he would never make a trade.

So my conclusion is the reason he has all of that garbage and all of those videos and talks about a 1000 different things, is to appear to have value of the $4K he is trying to get from people.

In reality, what you will realize is he basically trades 2 patterns with one called the wave and the other called the 2 step and sometimes he claims to use the momentum indicator and sometimes he completely ignores everything and claims...

I was amazed to hear him throw out so many observations and stories of what to expect and and such and as mentioned in earlier posts, he talks about so much stuff that on the occasion he is right about something, he beats that point to death about how he was right about something all the while ignoring all the points he was wrong about throughout the day. I would guess someone is keeping track of all the things he says and then reminds him about the points he got right so he can use that as selling points about how smart he is. He is careful not to discuss the stuff he got completely wrong of course.

Next, as mentioned by others, he doesn't let anyone observe anyone that is in the room instead choosing to apparently repeat positive things being said and he will often cut and paste those comments into the window for people to see but of course there is no way to determine whether he typed them himself or whatever. If he really was as good as he says he is, then it would serve him well to show everyone in the room and let them comment, but he doesn't do that so there is no way to tell what is being said and what isn't.

Next, yes, it appears he takes anything that looks like a trade and then as it looks like it is strong he will call an entry for the room and then he will say he WILL JOIN ON THE TRADE also as soon as there are more buyers or sellers or whatever. If you listen to him talk, you gather that he will enter at let's say 80 on a long AT BEST case, but when the trade is going well, he brings his screen over showing he got in at 75 which he didn't call and that could have been at that price 2 minutes ago. He will only confirm he got into a trade he called in the room when the trade is working out well and is about to hit his first target. Others that aren't looking good, he will claim he didn't take even though he called it and he will talk about how his "members" knew better than to take that trade also etc. Other times, if the trade eventually does work out he will brag that "see, I told you it would work out" and then he will mention often how members are always chiming in (supposedly) about the big ticks they are making and he then uses that as fodder to sell his $4K member package etc. Again, no way to verify anyone is saying anything at all.

He probably mentions a dozen times per session that if a guest is considering membership, they can just trade 4 contracts with him and pay for their membership in a matter of a few days which of course sounds very appealing if it was true.

Here is the thing. Of course he is not showing his losing trades and only showing his winners etc. That is a no brainer. If he was even remotely transparent, which there is absolutely no reason not to be unless you are hiding something, he MIGHT even be profitable. But there is no way of knowing if he is or not because he is not honest. He may do well, just not anywhere near what he claims to do with his BS. As he always takes time to add up his winning trades, he never uses the Ninja chart that would clearly show what he did because after showing is winning trade, he takes the chart back off the screen. If he is asked to bring back that chart and scroll back to observe the last several trades or any reason at all to keep that chart up, he has various excuses of which the one I heard him say was that the chart is so cumbersome and he has OTHER LONG TERM TRADES going on and he doesn't want to confuse people! Yes, he actually used that as an excuse. First of all, that is not even possible to have other trades going on while he is trading. Second, if it was, it wouldn't interfere with anything. He works very hard to not be transparent and not tell truth. He is a master double talker and BSer and any reasonably experienced trader will see through it very quickly. The issue I have is inexperienced people that have no idea will want to believe so desperately in what he is saying and they will feel like they can quadruple their account every month if they be an "advanced member" that they may be inclined to shell out the $4K he is asking. If this guy was for real, he could charge $1000 a month and have hundreds of members or someone would pay him millions to run a fund.

As Lloyd mentioned earlier, if there are any REAL defenders of JJ and you want to prove he is for real, just show us 3 days of a demo account from the Ninja Trader that even gets 25% of the profits he claims to make. No one will because no one can show that.

Like I said, he may very well be able to make money trading the market if he actually traded the market. He may make 20% or 30% a month or more or whatever, but not per day. It is common knowledge he trades on demo however though he truly acts like that is not what he is doing. Why would you trade on demo if you can rake in the kind of money EVERY DAY that he does? The shame is you will never know what he really does performance wise because he won't be transparent and I hope this writeup, along with the others, gives you training as to what to watch for from this guy so you can see how blatant his BS really is and then you can decide to take the risk of spending $4K on something you can learn for free elsewhere. Don't let the hundreds of videos and dozens of "proprietary" indicators fool you. Professional traders don't have so many indicators and number of charts for each instrument and he doesn't use 90% of it anyway as you will see. It is merely a ruse to make you think all of that stuff somehow really does create a holy grail of trading. It doesn't. I hope this helps before you give up $4K.

Show more
Anonymous
#255456

Tomcat, if you make money with SOT, prove it, provide a Ninja Performance Report and broker statement that matches JJs daily recap. I guarantee to all the readers you cannot and your comments are just lies.

Anonymous
#254874

I for one learned and am using SoT's (JJ's) system and it WORKS,..i really make money

Anonymous
#250130

I can exactly echo the descriptions of the room here..exactly.It is a clever scam, quite intricate and clearly effective in separating new traders from their $$.

It a bit hard to believe he can be so consistently deceptive and fraudulent really.Support your efforts 100% Lloyd - trading is hard enough without having to screen out thieving vendors.

Anonymous
#249737

Hello Lloyd. Where do I begin?? First, I discovered your writings about SchoolofTrade in Big Mikes Trading and also Invest2win forums. Even though your claims seemed to be quite legitimate in what you were saying with how you were explaining what you were claiming etc., I have to admit, I was “sucked in” by Joseph James with his Post Trade analysis videos he sends out every day. I mean, how can you not get sucked in? How can a guy send these videos out claiming what he did in his room with 150 ticks a day or more with 80% to 90% plus accuracy if there wasn’t some “reasonable” truth to it?? It can’t all be BS can it?? Even if he did half of what he claimed it would be of some value right?

Well... has this been enlightening to say the least! Lloyd, I want to apologize for even remotely doubting you but you have to understand that sometimes it appears when one is so steadfast in taking someone down, it is either absolutely legit for the person to be doing so, or that person is just going overboard and perhaps exaggerating your claims. I felt that maybe you were exaggerating but you are not at all.

I know I am about to write quite a bit but I did want to make sure I tried to give some perspective on my experience so people can save $4000.

First of all, I wanted to say that it isn’t like he doesn’t provide some value. The guy has a TON of videos going into a million things about trading that are actually pretty well done etc. A newer...

I now understand why he charges such a significant amount. If he only charged $200 to $400 a month or something like that, I think most people would leave after the first month because all the promises of “what members will get when they join” vs what you see and get in your trial period will come to light quickly and he wouldn’t have much of a residual income stream. This way, he can do the trial, do his fast talking, constantly remind people about how they “would have known” not to take a trade he just called and went South on him because they would have had the information from the Advanced course to stay out of his losing trades he constantly takes but then says he didn’t take it after all. Imagine selling just 10 people a month (newer people that are caught up in something they don’t quite understand but have JJ with his fast talking and mountains of videos etc doing hundreds of ticks a day according to him) at $4K a pop. That is $40K a month which is NOT a bad living for working 5-6 hours a day! He is obviously very slick at throwing those videos together with fancy charts and providing all of this perceived “value”. Do you see how many trends lines he has? How can you ever trade? You are always hitting resistance aren’t you??

OK. Let’s get back to the room experience.

I don’t know how many trades he called out where he was getting in and the trade went past that entry 2 ticks and reversed and then he would explain that he not only didn’t take that trade, but he knew not to take it because of some indicator doing something and if you were a member, you would have known not to take that trade as well. I mean, he does that a lot and it is actually quite comical when he is always trying to get away with saying that.

Then, there were the trades that he said he was “in” so now he couldn’t lie and say he didn’t take it but then it would go like 5 ticks in his direction and then reversed right away and he would say he got out with break even trying to convince us he took profit off right away and moved the stop to break even because something happened with one of his proprietary indicators to tell him to do that and if you were a member you would see that also. So this excuse presents itself often when he can’t say he didn’t take the trade like so many others so then somehow he gets breakeven on those. No proof of any of this of course.

Then there are the times where he just starts ranting and raving and shouting out numbers like a mad man that you can’t understand what they mean so there is no way you could possibly interpret where to get into a trade. Those are times when PA is moving and he wants you to believe he got into it and he wants to take credit for taking the trade he didn’t take.

Finally, there are the occasional trades that he is actually in, as you know he doesn’t trade real money, and he may show that trade as he is finding places to get out etc so you can see him successful navigate the occasional trade to make you believe he is consistent at making money in trading. Those aren’t very often where he shows that and of course, those are only where he actually took one that is safely into profit etc.

I have to laugh at how many times something like oil or gold move big time and he makes no mention of it until the move is over but he will act like he is talking to a member on the IM and say “Hey Joe, you got that 25 cent move in oil? Good job Joe… Good job. I can see you took that based on our rules of XYZ from the advanced course so that was a great set up. Good job Joe. Way to go. I didn’t get that because I was over here explaining this setup over here with Gold that never quite transpired so I didn’t have my eyes on that. That is what you get when you are trying to teach and at the same time trading live. Good job Joe. Way to go! That is great Joe! Guests, that is what you can expect when you become a member. I don’t always see everything when I am teaching but when you become a member, you get to take your own trades and you would have got that 25 cent move on Crude just like Joe did. Way to go Joe! Good job This is what we do at SchoolofTrade, we equip you to be your own independent trader for life.” This is the kind of thing JJ constantly does.

He will say things like, “Hey Sandra, how are you? Thanks Sandra… I appreciate that. I really do… Yes, thank you very much. It is always great to hear my members doing so well. You are up 187 ticks today? Wow! Great job.. Great job Sandra! You got those big moves on Gold and Crude? Excellent Thanks for sharing. I love to hear that… Great job… Congratulations!” Of course, there is no way of verifying any of this at all as no one can see any other members in the room or any sort of dialogue or anything like that. Even if you would just see dialogue it would be great wouldn’t it?? But you can’t because then you could see some real commentary of what people are asking about but being ignored etc and calling him out when he is contradicting himself etc. It really is something else to experience.

Also, he will talk about a dozen things or more to “look for” that day in trading and as the day progresses, if 2 things come true, like “look for the Euro to come down from the highs” or “I expect this to be a rough day” or some vague statement like that, he will make sure to bring it up a dozen times during the room to make sure people think he predicted something. Of course he will not mention the several other vague things he said that were completely wrong. Or he will make comments with an announcement of oil where basically he is covered if it goes up or it comes down. He will say something like “this news could be interpreted two ways… Either this way or that way and therefore the price can do this or that based sentiment and interpretation etc.” So when the price does go up, he was right. Then when the price comes back down, he was right again and he will actually have the nerve to say that he was right both times! It is so over the top with this guy!

I realize I am going on and on here and Mr. X’s explanation is very much the same as is Lloyd’s etc. I just figure the more people that share their details explanations of this clown the better it will be for saving as many people as we can about Joseph James and the SchoolofTrade or SidewaysMarket etc. It is so easy to get sucked in by this guy if you are new and decide to believe the BS he is telling you and the excuses he is giving when it is obvious he is taking every move that appears to be a good move and only shows you the few that actually did something positive and the others he either didn’t take at all, got stopped out with break even or a small loss. The only ones you will see are the good ones and when they are well into the run of the trade.

Worthy of note is that if you go back and watch his older videos circa 2009, you will notice a lot of things have changed on his charts and many of the things he talks about over time. Of course, the obvious answer to that is that he is constantly improving what he does for the benefit of all etc but I would lean toward he is trying to have as many “proprietary” indicators as he can to make you believe you MUST be a member to now only learn from him, but in order to execute you have to have his proprietary indicators you can only get from him and you will have those for life, etc. I am here to tell you. There is nothing you need that is not provided in your trading package with Ninja Trader or whatever if you need indicators but of course that is not what he would have you believe. Also, his indicators are just like everyone else’s in that they are delayed just like everyone else’s etc. There is nothing special about them at all.

Finally, as Mr X is very clear about, JJ is just a used car salesman who has put together a very flashy product promising you riches for what would appear to be a meager amount of money because he can make you $20K to $30K a month on 3 contracts on 2-3 hours a day right with a $5K or less account right? Let me tell you guys something. If he could really do that, he would trade real money, show all of hits trades in transparency, and have his chat shown live so people could see each other fawning over the God that he is. Use your head. Ask yourself the last time you heard someone talk like he does and what kind of person they were. Understand the psychology he uses to get into your head so you send him your money. You will realize this guy is nothing but a dirt bag for doing what he does and making a very handsome living as a result. Stay away. Stay far away. Lloyd, you are doing a good thing here. You have my permission to cut and paste this and put it into any forum you like whether Big Mike’s Trading or wherever if you would like. No, I didn’t give my full name as I don’t want to get INVOLVED anymore than this. I did however provide enough detail so that someone could recognize what I am saying if they take a free trial and hopefully they can understand what is going on before they part with the hard earned money enriching this guy.

Show more
Anonymous
to TTT #1161862

Hi TTT.can you contact me please i want to ask you som questions about schooloftrade.

Thanks.Yota9797@gmail.com

Anonymous
#241632

Watch out for SchoolOfTrade. When you do the trial and look carefully you can see lots of things are not right about his claimed trades!!!!!!!

Anonymous
#239567

I enrolled on the 3 week trial and after several days i became pretty suspicious that jj´s entry price was always 4-5 ticks inside where the market was trading at the time he says he is entering.I asked many times for him to explain how he is doing this, if he´s using limit stops to enter, and if so then the pace of tape or presence of big money buyers/sellers is irrelevant to his entry as his order is already in the market.

He never answered any of my qns re:entry price. I then asked him to show me the DOM or the trade entry screen before entering the trade so i could see the process and stated that i would pay the 4k usd to join immediately if he would show me one trade with the trade entry mgt screen displayed before he enters the trade. He completely ignored these requests.

I asked again how he was able to beat the market price by 5 ticks EVERY time - to please explain to help me understand and he said that i was annoying him and then booted me out of the trade room!The only logical conclusion is that he´s trading in simulation and although there´s probably a lot of useful stuff in the membership for beginners on trend lines, moving averages, patterns, use of support and resistance, momentum and other indicators etc much of this information is available in other places for free or much cheaper than 4k usd and his claims about trading live and making huge profits every day appear to be false.

Anonymous
#235432

I can confirm that JJ is a scam.I´am not a member but have followed JJ at the live trade room for almost a year and have submitted questions to him.

Why is he not showing the trade DOM. He always do the same trick. Trade and when his first target is hit then he is showing the trade live. Yes Yes....

sorry that I haven´t show the trade....

a *** excuse!

SO JJ...TURN ON THE CHARTTRADER SO EVERONE CAN SEE THE TRADES YOU ARE REALLY DOING!!

Anonymous
#222725

I can confirm Lloyd is completely correct.JJ is a total fraud and ***-man taking advantage of human greed.

If anyone complains then it is their fault, either they are a wimp cause they can\'t deal with the loss or they are not following the system etc. However that is why they want to get educated and if you ever want help learning JJ will not have time for you, if you ask specific detailed questions about the how to get the same execution as him he will get upset and loose patience. If you are paying for education then you should get it, this is not just a bad customer experience this is fraud. JJ scalps in the room, he enters on every breakout on his range chart, if it works then you see the trade.

His first target is only 3 ticks and then stop goes to breakeven...on something like crude price can wobble 3 ticks in no time. Of course at some point a breakout is going to work, so yes the strategy does work sometimes, but who has counted how many stop out of 3-5 ticks will occur before that.BTW JJ goes on about his episode of becoming profitable about blowing his account twice. It is so close to his heart etc. make me want to vomit in his face.

Switching from demo to live is impossible with his system, because he trade 3 contracts and takes 3 tics and move stop to breakeven...if you go from demo to 1 contract, you risk 5-7 ticks and just take 3 ticks profit? so 1 contract trading is not possible with this system...everything is left to this flurry...

Then the money, he plugs into that greed factor that all humans have, and exploits it to the full. It is psychology, he is a salesman, he makes you like him, but you will see the true JJ once you have purchased it and have questions. No support, no time, emails unanswered....JJ must know that his ship will sink, there is only so long that he can perpetuate this fraud, surely he is ready with a new company name and when sot goes under he will spring up somewhere else....the issue will be the hard evidence...does his system work or not? well for sure he was deceptive about live versus demo trading, hopefully the cftc will be getting harsher about this sort of thing.Of course there will be some who claim he is great, but they are probably just friends of his who just hang out in his room but trade their own system.

If there is a looser well something just told them not to take the trade, perhaps they already have some education from somewhere else, these are the SOT groupies - for them JJ can do no evil, everything is wonderful, but in truth they don\'t even use his strategy or have just taken parts of it and combined it with other things....for them the worst thing is to admit that paying JJ was a mistake, so they would rather delude themselves about JJ and be chummy, they think that it is not good to be seen to complain so they just go along with things...perhaps some already are retired millionaires who made their money on other things, so paying JJ 3-4k is no big deal for them and trading is just a bit of a side hobby for them.

Plus they can listen to JJ yap endlessly about the markets each day and they think that is great value.Also if anyone complains they talk down to them from their high-horse, but in truth they don\'t even use the system so the are basically just blind groupies.

Show more
Anonymous
#214322

John, same for me, I agree with all your comments. I have just published some live audio footage captured while in a session of the SOT live trade room which demonstrates exactly what you write about here. Please search for "sot fake trading results" on google to get a copy of the audio clip.

best regards

Lloyd

Anonymous
#213682

I aggree with every thing u said John

Anonymous
#213153

I have taken the 3 week trial, and I have my honest review.(Bottom line, Be very careful and suspect of SOT stated "trading" room results, ask for Ninja trader trade summary reports to back up their spreadsheet claims) .

Here's my opinion based on my experience -I am always on the lookout for a profitable system, and his spreadsheet/video recaps of profits each day , many times in the thousands of dollars, I needed to find out how to also do that consistantly. However, with each day of the trial, I seen more and more of the holes and weaknesses being quickly and artfully hidden or glossed over by the moderator. Its easy to miss the fact that you dont see his physical entries on screen all the time "before" he calls out the trade. By day 3, I found out why that is, I believe he is gaming the timing difference between his calls in the room, and his "offscreen" entries.

He enters a setup "offscreen" in simulation and then delays his verbal calls in the room to ensure a cushion in price (i.e. waiting for confirmation of big money in T&S) and then and only then brings out the trade management chart to the room, but with his price (surprise, surprise) already back several important ticks. He has the benefit of hindsight that it will likely work out (at least to the 1st target) for him by doing this. See this trick being done for yourself with your own free trial if you dont believe me.

Pay attention to the time he calls out his trade and look at the Time...

I also read in his Terms and Conditions on his website, that this is not a trade room, but a educational room, that is traded in a simulation account, with only real time charts and data. I dont remember seeing the videos and spreadsheet say that they are hypothetical dollars/profits hes claiming to the public, but its clear by the terms and conditions statement that they are simulation.

So, if you want to spend 3.8K on a fake money educational room where only the fake money winners are pointed out in hindsight (and most of the losers are conveniently ignored), then you might like it with this room.However, if you want real world world live account trading , like I was hoping for, then be careful with this guy and SOT.

Show more
LloydH
#208865

afr, try searching for schooloftrade.com scam on google

Anonymous
#208854

not mem.but about to be

ive been watching his video,tradingroom, and webn,for sure there are stuff for beginner like to learn.

Trading is quite hard,ive try it with many so call GURU....ending blowup my acct. manytime...

LloydH
#208695

Nate Smith, Are you affiliated with SOT or if not are you are member? If you are a member then please provide some evidence to back up you point of view.SOT is a proven and well documented fraud. Now who are you ?

Anonymous
#208462

it seem it only one peoson complaining,trading is a skill. if SOT is not doing what they promise it should be a lot people complainingX

Anonymous
#208365

@Nate Smith, have you traded this system with real money?

No point is saying he is a "honest businessman" when he is NOT! yes the trial period "looks" great, but does he show you the DOM? wait let me answer that, NO he does not!

why does he use a crappy excel file to show the winners/losers? when you can do it all in Ninja! Ask yourself that question before you say he is a "honest businessman"

please try real money, love to hear what you say in the near future.

Anonymous
#208272

He seems like an honest businessman, and in the futures business, losses are possible read the risk disclosure from your broker.I have yet to see hime do anything but call small losing trades that are turned to profits by larger winning trades.

It's takes $5k to get in the game, if you can't deal with that trade eminis.Other then that he seems very honest and approachable you must be retaded

Anonymous
#207141

@Harold - did you see the DOM?I guess no because he does not show the DOM.

In which case, he is NOT telling the truth.Anyone can say there trading real money.

Anonymous
#206613

THE RENT IS TOO *** HIGH!!

LloydH
#205774

Harold, all I can do is laugh , I'm sorry , maybe you can make his be for him in prison, LOL, LOL, LOL

Anonymous
#204655

@Nano yes he trades real money.But he starts on a SIM everyday right in the morning.

Then switches to his live account. Don't get confused and make sure you ask him in the trade room if it was live.

He likes to switch and not really announce it.But yes he trades live daily.

Anonymous
#204305

Are you sure there making money with real money and not SIM?

Anonymous
#204270

On his mailing list, follow his live trade calls.Bought the beginners course a while ago.

Still debating on the advanced course.Looks like some people are making money and some people aren't?

Anonymous
#204258

I think anyone would if you paid $3000+ for stuff that dont work!

And when you've been conned into thinking he does this with real money!

Anonymous
#204256

This is an obvious and well known scam. Quite frankly, every one should see through this snake oil salesman.

I remember him spamming my you tube in box all the time.

Listen, if some one had a great system that made money, they would go to work for Goldman Sachs, they wouldn't sell it over the internet.

Anonymous
#203830

Sounds like a personal problem

View more comments

You May Also Like