Day Trading Power
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Honest
(5)
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Quality
(5)
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Verified Trades
(3)
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User Experience
(4)
Summary
A surprising good stocks day trading room. Moderator really trades and keeps an honest daily log of trading results posted on website. Was able to copy the moderators trades with >95% accuracy. If you want to learn how to scalp day trade with a small trading account, this is a good option.
User Review
( votes)
Indepth Review of Day Trading Power
Writing trading reviews can be really depressing. Its difficult finding a gem. I found one. Today’s review is about a company named Day Trading Power. A stocks day trading room run by Chris Grosvenor out of Canada. This room originally came onto my radar in the summer of 2014. What caught my eye and really piqued my interest was the list of trades taken by the moderator. The list was long and thorough and looked great, but probably too good to be true. Rows of winners and very few losers. Admittedly, I thought that this must be a hustle. Nobody could be this good. And another red flag, if the moderator was so good, then why the cheap monthly cost of only $79?
The Review Process Begins
Late in the summer of 2014, I contacted Chris using a pen name and requested a trial subscription. He complained a little about offering the free trial, but I got it. I then had my assistant begin recording the trading sessions with Camtasia. Over the next 14 days, we collected nearly 80 hours of video recordings. We simply logged into the trading room, began recording and then stopped recording after the New York trading close. The recordings are typically replayed and processed within a couple of weeks of recording. The processing then requires that we watch the video and mark each entry and exit point that the moderator calls in the room. Each trade must be marked and then added to a spreadsheet. The spreadsheet is then compared to the posted performance on the website. Since Day Trading Power was highly active, and I was highly skeptical, the video did not get processed until December 2014.
Late 2014, my assistant processed the first week of trading video that we had captured. I was pretty amazed to see that the trades called in the room matched at over 95%, which is great. The second week we also got over a 95% match. We processed several hundred trades, which took a huge amount of time and effort on my assistants part, and all I remember was she telling me that we had found a good one. Keep in mind that she works remotely from the Philippines and her English is not perfect, yet she was able to understand the video with clarity and was able to clearly capture the trades. The fact that she could do this is a pretty good harbinger of how well a native English speaker is going to be able to follow the moderator in the trading room.
The Next Step In The Review
The next part of the review process is where we actually log into the trading room and attempt to copy the trades using a simulator. Many people would say that using a simulator is not really a realistic way to do this. However, a simulator is actually better than a real, live money account. Why? Because a simulator can be set so that no orders can be filled on a limit price. In other words, the entry and exit price must actually trade through and not just touch. A real live money account will sometimes fill a limit order, but a conservative simulator will not, which makes it a much better way to determine the authenticity and expectancy of future trading performance. Anyway, back to our simulator account and what we experienced at Day Trading Power. The first 2 days, my assistant copied each trade on a simulator and to our surprise, she actually performed better than Chris. It was not by much, but she actually got better fills on a 6 different occasions. This was probably do to the fact that Chris got a fill at Exchange A, while my assistant got a fill confirmation on Exchange B. Regardless, we were pleasantly surprised. Next step is for me spend a few days in the trading room and take a close and critical examination.
My Personal Experience With Day Trading Power
I spent the week of January 5th through January 9th sitting in the Day Trading Power trading room. I had no idea why Chris was entering or exiting, he teaches the set ups separately. All I wanted to do was enter and exit on a simulator and record what happened. On Day 1 I recorded 34 trades, with 29 winners and only 5 losers. I traded a standard 100 share lot, and made a meager sum of about $100 for the day, after commissions. Chris was trading about 500 shares average and made about $500 for the day.
Days 2, 3, 4 and 5 were more of the same. About 30-40 trades each day, with profits averaging just short of $200 for the day. This might not sound like much, but considering that I had nearly no draw down, and that the room was active, easy and pretty fun to trade, its really hard to find something to be critical about. I was really impressed that a simulator set on the most conservative settings could actually replicate very closely what Chris was doing.
One thing that sort of concerned me was the amount of commissions that were being paid out to trade this type of trading style. I emailed Chris and discovered that he spends an average of about 15% of his profits on trading commissions. Folks, you cannot make any money with this if your account is with Schwab, Scottrade, Etrade or any normal retail broker. You need to go for the thinnest possible trading commissions to make any real money with this.
Another Consideration
This is a highly active stocks day trading room. And stocks day trading means that if your broker is located in the United States, then you must either keep and maintain a balance of $25,000 or keep your day trades to three or less. Most people do not have $30,000 in available minimum money. So then this leaves two possible solutions. The first is get a series 7 license and trade through a prop firm. The second option, and the easiest option is to open a prop trading account in a another country that is not bound to US trading regulations. If this seems sketchy to you, it does for me as well.
What Does Day Trading Power Recommend?
In speaking with Chris, he uses a prop shop located in Ontario, Canada. The name is Nonko and you can read more at www.nonkotrading.com. If Canada seems a little too sketchy, then please review my United States based stock trading prop shops. They do require a series 7 but at least you have an extra layer of security knowing that the company is located in US. Regardless, I do not believe that this should not be a major hindrance to getting into the game.
Wrapping Things Up
At the end of the day, I am really impressed with Day Trading Power. Chris is honest and he really cares about his “tribe”, he takes his time to make sure everyone knows exactly what he is doing with his trades. Everything is very transparent and open, no limit order fake trading that we see so much of in the trading education community. This guy really trades, and he really does make money. Yes, he trades a scalping style that can be faster paced and expensive, but the upside is that the trading days moves pretty quickly and is quite entertaining.
Advice For The Newbie
If you take the plunge on Day Trading Power, I recommend that you start with simulator for the first week. Do your best to copy exactly what is happening. Do not focus on the why, just focus on being a clerk. Copy and master your entry and exit orders, you will thank me later. If after a week, you were able to copy and make a profit with the simulator, then I would recommend purchasing the manual which contains all of the set ups. The cost is $150, which in my opinion is hardly anything. Once you have the manual, then you can start to really synthesize the what and why of Chris’s methods.
Once again, thanks for reading. FYI, I am in the process of opening a prop account and will be trading a live account in the weeks ahead at Day Trading Power. Check back with me for an update on how things are going with my trading. And don’t forget to leave comments below.
He puts out high volume picks, trains you one on one with a demo account that he has access to, asnwers private message questions when you’re down or need advice when to sell, and consistently picks stocks that go up 20%- even 1000%. I’ve been a member of his room for about a year. He says invest an amount of money that makes you unemoti0nal, and tells you not to trade until you’ve demoed his trades for AT LEAST A WEEK. I don’t know what else you want in a room….The stock market is inherently risky, and nobody can change that for you, but from what I’ve seen in being a member of his room for so long, is that he does care. He’s not just outright scamming people. You just suck at trading, or took way too much risk. To the guy who lost all that money, too bad for him, shouldn’t of bet more than he was willing to lose . Day Trading is very risky if you arne’t careful. Mike always trades in a risk averse fashion. He doesn’t tell you to go all in. All these people are just butthurt they lost money in his room by trading irresponsibly
Emmet, give more options to people, they can open multiple broker accounts. Trader, if you read this comment go to your broker and ask if they can open multiple accounts. Interactive Brokers allows this.
@vytasm
I use Trade Ideas scanners. They have the best trading software in the market in my opinion. They also have a free trading room that is live. Can’t go wrong with that. This has been a life saver and I recommend them to everyone I know. http://www.trade-ideas.com/
I took a trial. I counted on average about 50 or so members in the room. The winnings were on average barely breaking $100 a day not counting a lot of commissions sometimes just breaking even. I didn’t see the 85% success rate. Yes, it has been a terrible market starting this year. It was fair enough that the entries and exits were called out and the results updated on notepad window on the desktop. Unfortunately I felt it wasn’t for me and discontinued.
hi Emmett,
if this DTP has really more than 85% of success trading rate as you verified, why he want to run this chat room and only $100 +/month per person? only $10k/month even there are than 100 subscribers? why not he keep his strategy himself and make more money himself?
hi all, i was part of Mojo day trading. he is a scammer, i made a FULL and honest review of this BS.
this is my full video: https://www.youtube.com/watch?v=u1KItogUtU0 .
watch this before you join this scam! don’t be naive. i m his former client.
lot of information about mojo in my review:
1. his customer service.
2. fake disclaimer he changed
3. assault on old golf player
4. mojo university BS
again, dont’ join this guy
hi Erjan,
this is the review for DTP, why you put the review for Mojo? do you mean Mojo and DTP are the same trading room?
they are not the same, i have never tried DTP, there is no separate thread review on mojo, somebody mentioned it in this thread. so the discussion on mojo started here
Why did you take down this video? Do you stand by what you said in the video? Did MOJO Mike pressure you to take it down?
I made a deal with Mojo Mike a year ago. If he gave me open access to his trading room and gave me open and full access to everything, then I would give him first right to refuse the publishing of the article. I didnt publish the article. What does that tell you? Read between the lines.
1.yet you did not make a separate review page on mojo – it seems to me you and mike just had a deal, he sent you an email, offering a deal or cash if you don’t make ANY review.
2. “read between the lines” – instead of vague comments like this, why dont you just show all details of the deal you had with mike?
writing comments like this is only confusing.
I have nothing to say about Mojo Mike. You should make up your own mind. Sorry that’s not what you wanted to hear. Maybe you should write a review and I will publish it? Does that work for you? It works for me.
there is no contact us page on this website.
i can’t contact u. how can we talk tet-a-tet?
do u have email? pls reply to my email.
How can you have nothing to say about MOJO Mike? What about his MOJO Fund he is always bragging about? You had a lot to say about the Clique Fund run by your nemisis Cammy Fous. I respect you a lot, but it does seem fishy you don’t want to say anything about MOJO Mike.
Somebody posted a video with legitimate criticism from their experience and he threatened a lawsuit?
Willie, I disagree with the deal Emmett made with Mojo, but Emmett said he made the deal and he is living up to his word.
My 1st request would be for Emmett to release all the trading rooms he made a similar deal with. And my second request is for Emmett not to make such a deal in the future. If they are running a con they get no immunity
I am curious as to the exact reason why he would want to protect MOJO Mike? Surely Emmett Moore, who we can all agree is an expert on finding the rat, can look at the MOJO website and realize that month after month of 95-99% accuracy is just a joke! I have even seen MOJO Mike claim on Twitter to have 600 winning days in a row. We are made to believe that this is not a problem?
I would agree about keeping up with the transparency showing which trading sites tradingschools.org has a deal with. The reputation would be superior to other popular trading forums. I noticed a more cookie tracking links today. Among the usual facebook, and google Ajax cookies, there was “Lijit” , http://www.sovrn.com/company/
I agree! It was a crappy deal. And the only time I made it.
I don’t mean to diminish Emmett. He can write whatever he pleases and make any deal he likes. It is his website I understand that. I just dont get why he would go easy on MOJO Mike when so many in the community have had bad experiences? Why would he choose to make a deal with him of all people? He gets on people for many things MOJO M flagrantly does and I think thats a strange double standard.
he pressured me to take it down, said he would start lawsuit on me.
I cant imagine you could get in any legal trouble for posting an honest review of your experience with a company but im not a lawyer.
Hi Willie,
The bigger issue is that of journalistic integrity. If I make a deal with a vendor, I have to stick by it. Its obvious that I don’t like the guy. Else I would of drafted of positive review. The deal was straight forward, I gave him final input of my review. It was a terrible review. He got final input and we could not agree on the review. However, does it really take much effort to figure this guy out?
I have a great idea! Lets start a forum thread on this blog dedicated to Mojo. This way people can write about their experiences and how upset they are. Does that work for you?
Emmett
Start one lol thats a funny idea and Im sure it would bring you plenty of traffic. A win win ?
To Willlie, and Emmet: great conversation you had here.
Emmet, i m looking forward when you start a separate thread on forum of the mojo.
to willie: when you join the room you electronically sign a disclaimer that says something like ” i will not post negative review online”.
so if a user does, he can sue him. stupid thing.. anyways i hope this review i have online will help people to avoid this bitch.
Actually this is a big issue as hotels and every business will put in some disclaimer stopping people from posting a negative review. Personally except for a few exceptions, I think you a contract cannot overwrite ones 1st Amendment. In fact I know in Real Estate in a Lease you cannot enforce some clause that goes against the law. I will have to check but I thought there was a law they were trying to pass on this matter, otherwise I guess it will be up to the Supreme court to decide.
Interesting Topic.
What do you think about his 98% win rates? How accurate do you believe this to be?
98% win rate. He must be micro scalping for 1 tick. Win rate means nothing as the 2% lose rate can wipe out all the wins and your account. Go for small little gains with hugh stop losses and you will have a high win rate. Tells you nothing about profitability. In fact when I see a super high win rate I think super high commission costs.
Rob makes a good point and its important to consider these factors. Not enough traders do.
mojo review online again
i have found the review was uploaded again
https://www.youtube.com/watch?v=LgwgF2qFF54
Did you find this review helpful? Yes No
WOW! Glad Erjan decided to repost that. It is sad, but the truth needs to come out about MOJO Mike. He is really onto something if only somebody would dig deeper. I can’t think of anyone who would fit that bill though, as Emmett has been bough out by the man himself.
https://www.youtube.com/watch?v=LgwgF2qFF54
Bought out? Laughable.
On a more serious note, am drafting a new review for Day Trading Power. Its not looking good.
Why dont you review MOJO then? Its not laughable. You know he is full of shit and hurting people. Id love to see your comments on his 98% win rate on 300 trades. Any trader knows how realistic this is.
I think Emmett made a mistake giving the Mojo guy too much leverage in order to get access to the room. However he said it was the only one of the kind, and in recent reviews he hasn’t done a deal like that again. A lot of these scammy vendors have clamped up like a stinky uboats on red alert and trying to lay low. Like Yousef said on his GTR rant, he actively tracks IP’s of all members. Some rooms now make new clients sign NDA’s to even attend the room. They are on to tradingschools and paranoid their scam will be busted. That , said your posted videos of Irjan reviewing Mojo are appreciated. I think most visitors can see those links while reading this thread.
after reading about this deal between mojo and Emmet, i guess i see what happened: mojo mike asked Emmet to not post anything – nor negative, nor positive review and paid him money. Initially Emmet wanted to post a negative review, but mojo opposed it and decided to not post anything!
in any case this scammer mike got busted on this website and deservingly so!
Did you find this review helpful? Yes No
I should be getting paid for this crappy public service work. Lol.
If I only got paid for the negative reviews, I would be rich! Seriously, I have been pretty clear on Mojo Mike. We had a deal and I kept my word, no monies involved. With that being said, MojoMike is a ridiculously easy trading room to figure out whether its real or not.
Truth be told, MojoMike is a ridiculously entertaining person. The golf course incident, the wacky videos, the constant fighting with just about everyone, he is like the Jerry Springer of trading rooms. Its all scripted zaniness. Does anyone really believe any of his antics? Wake up people, its a daily talk show masquerading as a day trading room.
Part 2! LOL Erjan went in on MOJO https://www.youtube.com/watch?v=QOAq6C3PZK8
He is not masquerading. He is clinically insane.
typical. The worst of these scammers result to thug and fear tactics. I remember David Kuvelas of oiltradingacademy.com often threatening every trading forum he was kicked out with lawsuits. Often mentioning how he would knock offender’s teeth down their throat LOL.
https://www.youtube.com/watch?v=EmhmyBbo_Ms
“sue you, and you and you ….. ……”
I dont think the court case would turn out well for MOJO
Yes, Mojo Trading is not only a scam..he is totally mean to people in his chat room and all he does is try to get you to pay more money for his classes.
Seriously mean guy and didn’t make any money. I also suspect the traders he keeps talking about who he claims made money are fictitious.
Has anyone here purchased the course (Daytrading Course: Learn the DTP System – $349) and viewed all the components of it? If so, does it accurately teach what he’s doing each day in the room, and can it be replicated without Chris being present? I’m in the business of learning how to trade this scalping style, not to simply mirror him. Why don’t I want to mirror him, even if it works? For one, I’d like trading to become my primary source of income, and I’m ready to work hard for it. Two, I have pride in my income and don’t want to blindly copy someone and not know what to do when he’s gone. What if he decides to retire, or, God forbid, gets hit by a truck? What are his subscribers going to do? If they haven’t learned how to maintain his consistency and accuracy without him holding their hands, we have a problem. I know it won’t be easy, but with study and practice, it should be doable before I’m willing to purchase. I read through all the comments (very helpful by the way, thanks for your thoughts everyone) on this review and I recall one of the comments mentioning – “Chris was out seeing his grandma one day and no one in the chat knew what to do”. Huge red flag for me. Hopefully the majority of his chat users are just sheep looking for easy money (which is what most rooms are filled with), for my sake. I’m very interested in this style of trading, and want to pursue it. I already know a good amount about trading and know my way around active software. I have a reliable brokerage with good commissions for active trading, and of course I have $25k+ to work with.
If you’ve purchased this course, please let me know how it went (I’m aware of how Chris’ room works, mainly interested in his scalping course). Every detail would be much appreciated.
Best regards,
Jake
Jake, Your not going to learn anything from his course that you can’t learn online yourself for free. I took it last year when he offered it for free. His strategy is basically making 10-20 trades a day to make a profit. There are better and less stressful ways to trade. I would not recommend his course or “system”. He used to brag about making 1-2k/day on stocktwits and now he makes a fraction of that if you look at his self reported “spreadsheet” results (which don’t even include commissions).
Mike,
Thanks for the info! I’ve also noticed that his winnings are much smaller than they used to be, but he’s also significantly lowered his position sizing. I’m not sure why – maybe it’s because his room is getting more and more popular, and he’s trying to make it easier on his subs by using a size that they can relate to. Or maybe it’s something completely different. Either way, his statements show some pretty good accuracy and consistency, even though he doesn’t show commissions. I’m also aware (like, surprisingly, a lot of people aren’t) that having a broker that provides a per-share charge, along with a liquidity rebate system will significantly lower the commission costs when actively trading. And, when you’re better at the system and up your share size, your profits will outweigh your commissions by quite a lot.
There’s no system or strategy out there that can suit everyone, and is the absolute best. No matter how good a trader is, or their system is, there’s always going to be something better or worse they could be doing – in my opinion. In my case, I love active trading. I’m comfortable with the risk, I have the time to dedicate to it throughout the day, and I think it’s one of the best ways I can make money. I’ve never been in Chris’ room and not sure I’ll ever be, but watching his room (https://youtu.be/Uv9E7OmFqjA) on YouTube makes it seem like his style matches mine quite well.
One more thing, are you sure his course hasn’t been updated at all since you viewed it for free? If you could do me a favor and check these bullet points (http://daytradingpower.com/p_daytrading-course-learn-the-dtp-system_p/) to make sure they match the course that you obtained for free, it would be much appreciated. Maybe you got a simplified version, or something different than what he offers now for $350. Like I said, I’m decently well-versed in technical analysis, so I’ll find no use out of some course that teaches broad topics that I’m already aware of.
Regards,
Jake
looks exactly the same as what I remember from a year ago. Just Google most of the topics yourself and you will get better info than what he offers for $349, the ones with silly names like slippery peet and infinitrend have no value and I don’t think he makes $ using them but I guess it makes it seem like he’s offering something unique and of value. I actually thought the other guy in the room bones who’s also has a course was a much better trader than him. I never took his course though.
Okay, I see what you’re saying. Thanks for the info, I’ll do some research and continue to look around. Any recommendations for good courses out there?
Jake
Jake… i would highly recommend taking a look at the SamuraiTrader course… look up SamuraiTrader on youtube… if you find it interesting… shoot me an e-mail and I can give you some details! Good Luck and Happy Trading!
I gave it a trial. Way too little to be worth it trying to trade like that the whole day without counting commissions and going for such small scalps often like Warrior. So the only way to make money is if you are the host trading and also getting monthly subs. not worth it imo, irrespective of history of previous success. Maybe the stock market isn’t sclapable anymore the past few years.
hi Joe and who had ever in the chat room:
in the chat room people just follow the instruction Chris gives out and can make money by putting the limit order or market order?
does anyone has the idea that how many subscribers in DTP chat room? more people with more buying /selling power will definitely affect /decrease the opportunity to make money if every time all people are buying /selling the same one stock.
Hi Joe Smoe,I have a question concerning account size. I am guessing most people in Chris’s room have account size larger than 25K ( minimum required to day trade, if they are US residents), won’t him bumping everyone up to 1000 shares per trade not have any significant impact? 25k account has a lot of purchasing power.
bigLou,
Most of the stuff they trade is pretty liquid. They will trade stocks as low as $2, but they are def not penny pumpers. They will typically rather buy Fibonacci pullbacks on any pumps. Not enough power to initiate a pump really. they also seem honest enough not to do it.
Hey Andy,
I am actually a member in the room. Chris is a very skilled scalp trader. The results posted on his website are very close to actual trades he calls out in the room. Why does he not post actual brokerage statements? Well the obvious reason is he doesn’t want you to see commissions and slippage. The slippage is real, and is likely to become more of a problem for his subscribers in 2016 as he strives to bump everyone up to “1,000 shares per trade!!” yikes, you heard that right! Even if you have a small account, Chris wants to help you find a way to leverage as much as possible.
I would assume Chris uses stop limit orders vs. stop orders, for example, to help offset some of the slippage effect. And given that his orders show up in exchange ques before subscribers, slippage is likely less of a problem for him.
Also, occasionally, he is unable to call out a trade in advance, and price has already moved a few pennies after he’s announced. Then, as a subscriber, you have to decide if it is still worthwhile to get in. Considering that the average SKILLED day trader makes only an average of 3 pennies per share (6 pennies per trade)!, it is typically better to pass on the trade. I would assume Chris being a top trader is no better than 3 pennies per share (maybe 4 max).
I am concerned about Chris’s plan to get subscribers up to 1,000 shares per trade. It sounds great in theory because Chris is very accurate and drawdowns are minimal. However, the only person that is, for lack of better word, guaranteed to make money is Chris and George. Why? Because they are first in line for every trade (at the actual brokerages, where their limit or stop order get there before yours). Also, the fact that they are not showing their brokerage statements means they can cheat and sell a little on the initial move that would be created by volume from subscribers. In my opinion, Chris is entering a dangerous game w/ regulatory (i.e. frontrunning, security price manipulation) by encouraging more volume to wherever he places his trades.
So what will happen when everyone increases their size to 1,000 shares? We all make more $? Chris is hoping that is what we will believe, but there are some smart fish in the room. I do think it is possible that everyone can make more $ on the large caps–like NFLX and TWTR, for example. But anything that trades less than even 750K share? on the day will not be profitable for subscribers.
What will ultimately happen, you can already see happening in the room. Cheating. As one example, it is people cheating on limit orders. Chris is missing more profit exit targets lately. In my opinion, that is partly because some subscribers are placing their profit target just a penny below the room target to ensure they are hit. Hmm.. See where this is going? It’s like the prisoner dilemma, where each subscriber including Chris & George cheat more and more, until the inefficiency becomes more of a flat line.
Chris and George are excited about the prospect of everyone making more money, and I think their intentions are at least 50% genuine. But what they should know, is that we know, it may not work. Given that this whole site is about honest services, imo, they will eventually realize they should encourage subscribers to go full size on large caps, but only small size on small to mid caps. Because even capping the room at 100 subscribers will not solve the problem when large share size.
Please anyone feel free to refute this opinion!
Joe,
how liquid are the stocks you guys are scalping? Are they triggering long and short on momentum or TA? I guess its up to the trading strategy and risk management, I hope they are not penny pump and dumps on those 1000 shares. GL
Test…
I got two posts not visible. So there is a strict policing on this site??
Does anyone here believe that someone claiming that they can profit consistently week after week month after month with no fails would bother opening a chat room? Also when they post results, why not just post actual trade logs from their trading platform? Why the spreadsheets that can may be fabricated? At least I was not able to get ones from Day Trading Power.
I believe that trading can be profitable, but it is almost impossible to make “sure” income.With tested and proved strategies people would inevitably suffer drawdown at unknown time, not to mention mediocre or even lousy traders. Extra bucks from wanna be dreamers surely can make up this income gap, hence the chat room, education, mentoring, etc. There is another guy recommended by this site charges almost $3000 for monthly one day course on how to develop a “potentially” good trading system. Think about it, if there were 10 idiots globally every month getting hooked, it will translate into $30,000 monthly income. An the probability of fishes getting hooked is way higher than winning trades.
My point is that trading can be profitable at times. However, the uncertainty will be here to stay until you figure out a way to squeeze money out of day dreamers…
I signed up for a lot of trading chat rooms and decided I would spend the money initially to weed out for myself what worked for me and what didn’t. Out of about 10 chat rooms this is one of the two I am keeping. Everything is user friendly for a new trader like myself. The bids are announced and posted before the trade, and clear exit and target amounts are also posted. This is one room I can follow and duplicate on 90% of the trades. You do need cheap broker fees because when you are in and out for $10-20 dollars on some plays it would not be worth it if you had to pay larger commissions. At the level I trade (beginner with small amounts and low risk) I am not making “big” money but small consistent profits each day which are within my comfort level and never an amount that I cannot afford to lose on the few losing days. This is a hobby and not a living for me so if I bank $50 to $100 per day I am happy and this room is perfect for my needs. Also since everything is posted in a clear fashion I can hide the screen under my other windows at work and trade between clients or as I can without losing money as after the trade is executed I put my stop and stop loss in.
In reply to Main Hun Don, first of all let me say that I am a member of a few rooms for a few different reasons. Chris’ DTP is one of my rooms I’ve been with for a long time. I find it unfortunate you are willing to call his room a bust based on a small sample of George’s trades. MBA George has only been calling out trades for 3 months, and he averages maybe 1 trade a day alerted vs the 20-30 you get from Chris every single day.
George is not advertised as a protégé, he is simply there for added insight into bio tech stocks, and to announce an occasional trade. To be honest, I think George has only gotten maybe 5 trades wrong out of maybe 30 or so I kept track of, which is a pretty good average. For you to base your entire review on what George did 1 afternoon, while Chris visited his grandmother that he never saw his entire life for the first time is weak. Chris is very accountable and present, and the room is very active all day. Just wanted to clear that up because obviously you have a bone to pick with George for some reason and I don’t think it should translate into a negative review for Chris’ room.
Firs off let me start by saying that Chris at DTP is an excellent trader but that’s where this story ends. When Chris is not in the room identifying scalps the room is dead and no money to be made. Secondly the scalps are very small. On Oct 9th we traded around 20 times with a net of $300 total for the day excluding commissions. The max on a winning trade was $60.
The worst part of this trading room is Chris’ protege someone called MBA George. Day 1 while Chris was away for a lunch meeting with Grandma, MBA George lost us about $200 in two trades. The guy is gun shy and not sure about what he is doing. He is great at telling stories though about his personal life and food and eating Pizza and chips while talking into the microphone but when it comes to picking trades I think my 6 yr old can do a better job. His favorite lines being ” this is weird”, “interesting” , “oh I completely missed that move” and that’s the only thing you can count on from this guy.
Another thing which I noticed was when we are having a losing day Chris will just say “”OK I am done for the day” and leave while there are still 2 hours remaining the trading day. Then you are left with MBA George losing you more money and telling you more stories on how to treat women while a stock on the watch list jumps a dollar and he totally misses the move.
Overall if you have time to waste and money to lose and listen to odd ball stories all day from a person who thinks he can trade while losing your money this is the place to be.
I am not sure what Emmett was smoking while giving this service such a high rating.
Main Hun Don,
Found your comments interesting. Maybe Emmett is grading on a curve. Most Trading Rooms are such a complete joke, even one that seems half way honest is a 5 Star. But I do think you have a point. Maybe there should be some stated criteria by which star ratings are given. After all what is the difference in a 3 star .vs 5 star. My guess is there are sooooooooooooooooooo few even 3 star rooms; Emmett has not worried about it. In fact in my opinion most of these rooms deserve minus 5 stars. But I am a bit tougher than Emmett.
Main Hun Don ,
I just spoke to George online and he told me about this post. To which he was laughing hysterically at some of the things you pointed out (primarily the “missed it” and “pizza” comments. MBA George is tepid on trades, I will give you that, since he doesn’t gamble on entries, rather uses specific tools to target his entries. However, he did not cost the room $200. In fact, to his merit, there has only been 3 to 4 trades since he has been a mod in which he had to average down a bit to get us out break even/ profit out of 50-60 trades. I can’t even count how many times I’ve made full dollar+ scalps from him announcing info to the split second on a stock that is moving rapidly, or playing some of his bio picks where you could swing a buck or two scalp easily. What I am missing is his input on playing Earnings. When he was playing them, we would average $500 to $1000 a week alone from those after hours plays. But that’s the thing. he would spend hours researching and since he has been taking care of his pop, that time is now limited. He is extremely well educated, has a heart of gold, and has even provided us with books on day trading. He brings so much value to the room and lifts everyone’s spirits up (which is worth its weight in GOLD when you factor in the stresses of being a day trader) , that if he were to leave, I’d follow instantly. Furthermore, the room has other people in it that share expert information and bring more value to the table. Many of the people in the room have grown knowledge from being there and now run their own scanners, call out supports and resistances, and even call out their own plays to share. Chris is great at what he does, and the other mods are as well.
Still I think the fact that Chris was pushing people to nonko and banking the commissions was wrong!
Agreed. However, the trading rooms that were pushing Nonko did not know that Nonko was a scam. They found out, after I published the update.
Don’t forget to file a complaint against Mike Rich from mojodaytrading.com also as he was the trading room owner that started promoting Nonko the most in the first place. At one point Mike had over 100 traders with Nonko. If you traded with Mike in the past and had a Nonko account, please make sure Mike gets reported also as he is a US citizen he is heavily liable.
ShirleyD, you are obviously Mojo Mike Rich in disguise. Pathetic. Chris is a winner and big time. Your the phony. For every negative comment you put on here disguising yourself, I will get a room member to post a positive one Karma will get you in the end. Happy to see you lost your twitter account lol. Loser.
Hey Alex,
its funny I’ve been in Chris’ room since day 1 and I made lots of money and I’m prepared to prove it. Another funny thing is I don’t remember there every being an “Alex” in the room. Yes Chris has admitted to losing over 100K in a year day trading, but he’s made it very clear time and time again that was his very first year day trading and his motivation now that he is successful to help traders avoid those pitfalls and become profitable. There’s no doubt in my mind you are just a troll from another trading site struggling to keep traders. Re: the Nonko thing, if you knew him you would also know he is not under investigation as his role was simply an affiliate and he dropped them pretty fast when the accusations started flying around. I invite anyone on here to identify themselves, then join Chris’s room, copy his trades, and come back here and say you lost money. I think the odds of that happening are pretty much zero. Chris just showed us Friday that he is registered as a guru on the website peeptrade.com where guru’s results come directly from their brokerage statements. He is currently the highest earning guru on the website. He’s returned 8% after commissions in less than 1 month since the site has been tracking his brokerage statements. Chris’ new trading system the 3D-Select is going to put everyone else in this industry to shame if he already hasn’t. Thanks for your phony input Alex, but go troll elsewhere, the proof against you unfounded comments is too strong.
Alex is my nephew, Victor show me your brokerage statements and tax returns to prove you are not a fraud.
Chris is liable due to the fact that he received $$$ from the NONKO fraud, that is not going away.
To any trader that has been affected by the NONKO scam that Chris pushed very hard on his chat room and site, take action by filing a complaint
FTC Hotline:
1-877-FTC-HELP (877-382-4357)
SEC Hotline:
1-202-551-4790
Alexander,
It is impossible to just find a trader that shows their actual true entries and exits and keeps their DOM up so you can see the trades and P/L. Even though each trader’s commission will vary I do think an honest trader would show commissions, as that can be a major factor in whether they are profitable or not. I think if most people could find a truly profitable trader that did that they would be happy to pay the taxes from their profits. You can not expect any trader to show after tax returns, that would be like a job opening saying $50K a year, but after taxes and social security and etc. you only get $25K. Nobody knows what someone else tax rate is.
The problem is every one of these traders I have seen lose money so the loses are a tax write-off.
Chris has lost over 100K “day trading” within one year period, that’s a nice “tax write off”. Trading is a business not a job (the brokers are the only ones making the $$$), I would love to prove Burton Malkiel wrong, so far he is winning. You have guys like Jim Dalton that after “40 years of trading experience”, he will show you the secrets for $2000 or $3000 bucks (a sad affair) and younger horses like John Carter making couple of millions by selling “indicators and courses” . It’s a confidence game and sheep are too dumb to understand that only 1% of these “traders” will make some $$$ by pure randomness (Nassim Taleb the Black Swan) and the bulk of the millions by “educating you”.
So many day traders I talk to have such an unrealistic expectations of day trading. They think they will make a living off a $5K investment. There return on investment is just fantasy IMO. I have never tried Chris’s room and have no opinion on it, but if you have concrete evidence he lost $100K last year. Then you should put together a spreadsheet showing all his trades and the actual results with commissions and etc. This would be helpful to all looking for a room. Or if you do not have that. Do his room for a month, make the trades and then post your actual results to his claimed results. I think that would also be useful
Chris told me told me himself he’s lost over $100k day trading, he also does his own taxes and used to work for a bank in Canada and stopped answering questions after the NONKO fraud as he pushed this fraudulent broker very hard in his trading room and site.
Chris is a fraud. I was in his room for 6 months. He owes a lot of people an apology for pushing that Nonko fraud. But good luck getting one because it ain’t happening. Furthermore his trading is garbage and those results are fictitious. When he takes a huge loss on a stock he’s day trading he’puts it as a “swing” trade loss and not a daytrading loss in his results. If you like losing money then this room is for you. Karma is catching up to him for his dirty and dishonest Nonko shananigans. I’d be worried about the SEC if I were him, he’s complicit in stealing from good, honest traders. Dude is a fraud and I caution any newbies to stay far away from his room.
That seems to be the average shtick coming from all these guys, some sob story of how they lost x amount of dollars or the other side of how they turned the few pennies they had in their piggy bank into a gazillion dollars. The shit is nauseating.
Emmett,
I’d like your brief take on DTP still endorsing the use of NONKO – as recent as last week, they continue to further their partnership with Logix (http://www.pr.com/press-release/623770) despite all the ongoing controversy.
Thanks in advance
Chris is involved with the NONKO fiasco, hiding and not answering questions possible under investigation by the regulatory agencies. No brokerage statements, the performance shown on his site is pure video game fantasy does not account for commissions and taxes , over 50% of what he shows goes to commissions plus wherever your tax rate is and the video game fantasy will show you how to lose not only your $$$ but most important your time. Just another money making scheme from subscribers, “courses” and the NONKO fiasco
Would be interested in hearing any views on the book/course (price is now $349). In particular whether it has enough substance to help develop a more personal strategy derived from DTP rather than being in the Live room all day long. I.e as mentioned before..avoiding thin stocks, less frequent trading to avoid large commissions etc.
Hi Emmett,
Did you ever end out joing the site and trading with a real money account? If so how have your results been?
Thanks very much
Hi Jay,
Sometimes I do. Sometimes I have my research assistant trades my live account.
But in all honesty, I have about 400 live trading rooms that I am attempting to cover. And I have to re-review many of these rooms.
Website is down during hosting changes. Was told in the room yesterday.
I was interested in checking out DTP today. However is website is disabled today??
Says..
My Sites Templates Wix.com
Looks Like This Domain Isn’t
Connected To A Website Yet!
Looks like its back up. Although it never looks good when a website goes down, for any reason!
Wow DTP prices shooted up so much. more than a double. thats a shame! Now the question is whether its because the service is great or just another money making from subrcribers?
Matt
If this helps.
I was one month in Chris room, December 2014, he is genuine, Made some money with him.
He calls most of trades in advance, you will have time to prepare.
I quit because it took to much of my energy and focus and I have better results trading alone. But mainly, mirroring someone is not my style. Quickly get bored with that.
I only trade TQQQ/SQQQ and XIV/VXX, and have more time and energy to focus.
You can always ask for a free one week trial, and see if his service will be any good to you.
In my view, if you can make clean 200 $ every day, 140 per month is no problem.
Thing that Emmett said, be very careful trading thin volume stocks. When 200 or 300 people get the same alert, on stock with 100 k volume, strange things can happen.
Take calls only on high volume, great liquidity stocks, like FB, TWTR, AAPL, INTC, MSFT.
It may seems silly now, but when slippage hits and no liquidity turns your gain to loss, it won’t be silly. There is no way you can replicate some “guru” trades on stock which has 0.05 $ difference between bid ask on 100 or 200 stocks. Now try getting in with 1000 stocks, and selling it. Almost every time, you will loose much of “profit” you had was all yours.
So true on the slippage. Chris is no longer offering a free trial either. Lots of demand for his product. Hope he doesnt fuck up a good thing.
Emmett Moore May 9, 2015
I do not believe that Chris is able to execute these scalp trades on low float stocks. Furthermore, I do not believe that a legitimate record of trades exists. Chris accepted monies for his service, and he claims that he made these trades in his personal trading account. Let him prove it. End of discussion.
I would like to reprint your quote here Emmet in an attempt to prod Chris to produce proof. Nice guy or not I have my doubts as well. What do you say Chris? This would be a great opportunity to increase your subscriber base.
Whoa! This comment was supposed to be posted on the Warrior Trading page! Oops! I got mixed up and confused Chris from Day Trading Power with Ross from Warrior Trading. Definitely not the same.
With that being said, and regarding Day Trading Power…it is vitally important that you validate Chris’s trades via simulator. Why a simulator? Because a simulator requires that a price fully pass through the BID/ASK and not simply touch the BID or the ASK. With scalping, especially stocks, the volume greatly varies moment to moment, so while one person can get the fill of 100 shares with ease, the person attempting to fill 3,000 shares will only get 300 shares filled. However, if the price completely passes though a price, then we know that all of the shares were filled at a particular price. I hope this makes sense.
A simulator is also important because it helps to build confidence. If you can replicate via simulator, which is actually at a disadvantage to a real account, then you can definitely replicate via live/real money account.
For me, when I review a room. The first thing I look for is whether the trades are being called in advance. If I can confirm this over N sample size, then I move to the next phase. The next phase is dropping my Filipino assistant right into the soup. She just sits there and attempts to replicate via simulator. If she can get an 80% replication rate, working from her tiny apartment in Manila, with crappy internet, I would consider the room to have a good chance of success.
When I was kid, on Saturday’s my father would take me to the horse races. Sometimes there would be traffic or we would be delayed. I hated being late. I would tell my Dad, come on drive faster. He would just sit there and smugly reply, “You should never be in a rush to lose your money”.
Hi Emmett,
I don’t know why you bothered to use simulator and assistance to track records. A brokerage report says it all. For example, DTP now is using Interactive Broker and TWS platform. On TWS platform there is a “Trading Log” functionality that can generate all kind of summary reports on screen and for exporting for the most recent week trades. The log shows every trade, to open or to close, profit or loss for an instrument, at what time, etc. I use IB too, and I know that it only takes a few minutes to have screen shots of trade logs.
When you talk about track records, transparency, etc, this is the only and simple thing one should look at and count on. I have asked around for this kind of report, no need to be long just past week, and none of the vendors would respond, including DTP. Currently only the WatchHimTrade vendor is honest according to this standard(posting real brokerage report week after week; win or lose) . I do hope you use this standard to take a hard look at all the potential fraud out there in terms of whether they really trade with real money and whether they worth what they claim. For day trading service, two weeks of records will be more than enough; for swing trade service or other education/system/mentoring service, a month of report should be provided.
I joined DTP 2 weeks ago and disagree with your comments. I have logged most of Chris’s calls and they match his results charts and my IB trades report. Yes, lots of calls and I can’t follow them all with 3 at a time my limit. Most of the calls are made well in advance with only a few needing instant response. I’m relatively new at this and have a lot of years behind me, DTP works for me. Making money and enjoying doing it.
Please stay in touch Bo. Its important to hear from actual subscribers. At some point, things should start to break down. Why? Because more and more subscribers are going to distort the market. This happened with Tim Sykes room, people would pile into a trade and everyone that got in late, got stuck with losing trades. Its important to keep the moderator well informed, as well as me. The moderator then will be forced into capping subscribers or raising prices to cull out subscribers.
So please stay in touch.
Emmett,
I entirely agree with this analysis. That must be a frustration for your reviews as well–that the ensuing potential greed from the service to accept more subscribers causes returns for subscribers to become distorted. I am considering starting a stock day trade room (small to large caps), and i was thinking of setting a limit for # of subscribers. Where do you think it starts to get distorted? Specifically, I was thinking only 50 subscribers, 75 at most. I think some services are well in the several hundreds.
FYI: I prefer to use John Smith as my pen name for now.
Emmett,
The problem with raising prices is that the service retains subscribers with the biggest accounts. So really they need to do a head cap imo.
John
Hello “John”,
You can reach me at moore.emmett@gmail.com.
If you have a proven track record that I can verify, then I can push you 50 subs in a single day. My readers are starving for verifiable and honest trading vendors.
Emmett
Hi Emmett,
Did you ever do any more live trading with Daytradingpower? and if so how were your results?
Thanks
Wow Pink Panther that is one heck of an endorsement, Do you mimic the trades given or do your own trades? Can you really make a thousand a day mimicking them?
Tnx.
-RV
1 pink panther
Are you using nonko or IB? I’m going with Nonko maybe, but are not happy with the bad reviews. Overall they have a nice support, but there is no security.
I bought the DTP Lessons, and so far it is cool stuff.
been trading with DTP since day 1
quit my job to trade full time with him
proud to be one of the DTP 100
Hi Chris , did you open a prop account and started trading live with DayTrading power?
Thanks
Hi Emmett
Thanks for all your reviews. I have been missing a site like this for a long time.
Hi Emmet,
Could you please advise on any trading simulator to follow his trades on live?
Thanks
Hey Rob,
I agree that a lot of his trades are small scalps, but I thought I should mention his co-moderator Matt is a gap trader, and has a good gap play almost every morning for a large scalp. So I’m getting the best of both worlds for my money. I’ve been in several rooms but this is the only room I have ever made money with. FWIW. Anyways DTP can have a losing day here or there but I’ve never had a losing week. Are you still trading with him?
Not quite as good as my first week Jay.
I had some major losses early on one day (over $600)- which was honestly admitted by the moderator- and wasn’t up to taking more trades . But the room went on to get back most of the money that day (minus me:( ).
Another issue that rubs is that most of the trades are for small amounts whereas I prefer to look for larger runups: an imbalance between my inclinations and how most of the trades are run.
Also I am more of a breakout trader looking to get onboard as a stock breaks up or down but the room sets a target price where they are looking for a pullback and then when it triggers hope it goes back up: not so compatible with how I trade.
Despite this the trades are easy to enter at the exact price they give and the percentage of winners is high. Most importantly the owner is honest as far as I can tell.
So for now I have tried
1. tradingclan (left the room before the end of my paid month- see my review).
2. Trading mission- very small win/wins and then they are closed for the day – didn’t feel like i was getting value.
3. tradermakers- might try them for a month in the future. Not fully convinced after my trial but some promise.
4. oiltraders- good and bad. I had some days where the small losses in first hour were adding up but then caught a big winner. Worth another look but expensive.
5. Trading professor with Dave Adams: well this is where I am for now and my profits are slowly mounting. I find him very compatible with my own view on the markets* and seeing his dom at every second – whether in the red or green is confidence building. He invites questions and general market banter and really listens to anyone’s ideas. Plus he trades a big account and is a genuine longtime professional.
*He sometimes holds onto losing trades longer than I can bear – but then almost always it eventually goes his way. Not something I feel comfortable doing especially when every tick of the CL is $10 but he looks at the daily range and sets his stops outside of any spikes. I see the logic
Thanks Robert for the very detailed response! i was only able to try them for a short period but they seemed pretty legit compared to others out there. The only thing that kind of put me off was the disclaimer that basically says the trades are simulated? , ” CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.”
However despite this the trades and stops did seem legit. Maybe this is a standard disclaimer? I’ve seen it on another site I’ve tried, DaytraderMike at Mojo trading and that guy is a COMPLETE SCAMMER!! unlike my experience at daytradingpower
Not including this disclaimer can open up a big can of worms for these guys. Why? If they include the disclaimer, the chance of an audit from the CFTC is greatly reduced. If they do not include the disclaimer, they will definitely be audited. If audited, and they prove performance, then they will be asked to register as a CTA. Its basically a lose/lose situation for the educator.
I joined the room a week ago after reading Emmetts review.
So far I have had a reasonably positive experience and made a little money.
The trades are posted well in advance unlike some of the futures rooms ( trade mission and tradermakers).
Also the flexibilty in position sizing – it being a stock room- gives it an advantage over futures trading.
My account with Interactivebrokers has almost 40,000 segregated for equities , which allows enough enough size for now but I may add another 30,000 if I decide to up my targets.
At any time there will be zero to 4 trades running at once and with all 4 I am close to my limit..
Chris is a very pleasant trade caller, and willingly answers questions .
and
Robert, how has your experience been for the rest of February? How about you Emmett? Thanks
Hi Emmett,
i have a few questions for you. At what time do they open the trading room ? Until what time do they trade ? Can you trade only one or two hous ? What time frame do they trade ? Did you find any Prop Firm with .003 per share ? Thanks
Day Trading Power opens at 630am EST. And he is very active. Trades usually the entire day. You can trade for one or two hours, but of course your performance is going to be more varied because you will be missing a lot of trades. Personally, I do not enjoy being this active. I might do 6 trades each day, for my own account.
Regarding Prop Firm Pricing. I forget to mention in the review that I asked each Prop Firm what would be the pricing if I traded 300k shares each month. All prop firms were required to give me an actual average share price, so that I could provide a baseline comparison table. If you view the table, the column labeled “300k Shares” will display the corresponding pricing for each Prop Firm. The profit split means that the firm keeps the corresponding amount of profit. For instance, Avatar Securites is 90/10, meaning they keep 100 of every 1000 that you earn.
Thanks Emmett. ,
I understood wrong or they start trading on pre-market 3 hours before the opening ring on US Stock Exchange ?
You did not answer what time frame do they use in their charts ?
Are you currently trading with them ?
Do they use a Gap trading Strategies ?
I like the results that they show every month, although I dont know much risk they are taking in each trade.
Hey guys, just wanted to weigh in on the comparison between Mojo and daytradingpower. They are definitely not the same. Chris rarely scales into his trades by adding more shares to his picks when the stock moves in the opposite direction whereas the Mojo guy is always adding more and more shares and is much more difficult to follow.
“Adding more and more”. Yikes.
How is it going over there at daytrading power Emmet?
I like Day Trading Power. But one big caveat…make sure you using a prop firm, or not paying more than .003 per share. If you are paying more than .003, then the only person making money will be your broker. Check back on Sunday, I will be publishing a comprehensive list of prop trading firms, as well as bring some clarity to what can be a confusing trading arrangement.
They are clearly not the same guy
Hi Arnold,
Sorry I have been MIA, have been swamped reviewing videos. Am getting close to completing Ace Trades. Interesting room. I dont want to say anything yet.
Mojo day trading is definitely not the same personality as Day Trading Power. This mojo guy seems pretty zany on his videos. Of course, I have learned to have absolutely no opinion until I watch the recordings of live trades. Some of the guys I thought that I could trust turned out to be great salesman. And some of the guys that I thought seemed very shady, turned out to be good.
I have Mojo on my list.
daytradingpower looks the same as mojodaytrading.com I think its the
same guy, the website is the same setup.
Mojo blows
I have been following Mojo day trading for about a week. So far, he has entered trades below prices that were ever reflected on my IB account, told the room repeatedly that he entered and exited trades .01 to .02 cents above the highs and lows (backdating his entries and exits), and constantly refers to his imaginary friend named Alan. Google his name with the word assault (Michael Rich assault) and you’ll get to read all about him beating up some 65 year old guy on a golf course with his golf club(picture included in case your wondering). Hey Mike, I have a great idea, how about you call your entry and exit point before the trade is over instead of telling me how much money you made after the trade.
completely agree he is full of shit, disrespectful to anyone who disagrees with him and will ban you on a whim, it’s all a sales tactic to pressure you into joining. I believe he makes ALL of his money suckering idiots to join his group and pay him $100 to $150 month (extra $50 for swing trades which are usually 60% red until the last day of the month when he miraculously labels 95% green! Most are at 2 cents above buy so unless you are buying $50,000 worth of stock there is little to no money in the trade. @$1000 x 100 traders he makes $10g’s a month. I dont believe he trades anything. He also teaches Mojo University and charges $2k er person around 20-30 month so do the math. He rarely calls his clear trades buy or sell so anyone can get in ie he will claim he bought and sold 4 trades literally within 3 minutes of the opening bell. Dont fucking believe him. He is a good talker thats all. Mojo my balls.
I agree, it’s a 3 card Monty Game, he tells people to Buy things he has already bought, getting him out of his position. All the while “Trader Alan” says he made money every day and on every trade (3 Card Monty like) Anyone who says they lost is ridiculed and told to take a $1,700 course to improve their trading (a series of pre-recorded Videos) Also he has however many fake people in the room it takes to get to 100, yet only 30-40 people take the Poll, and if someone says they lost on the Poll, they redo it!
About mojo, you said the mojo university just let you watch pre recorded videos. Was it worth it? Thanks so Much
Mojo Day Trading SUCKS! Sure you need a prop firm to trade it and that is fine. The horrible part is Pro Trader Mike is an asshole, thinks everyone is going to steal his shitty ideas that he stole from books claiming its his strategy. I took mojo university, what a waste of money. the 6 months I was with Mojo I actually won on his trades about 1 out of 10. He even emailed me giving me free months of his service if I write him a good review and that’s the only reason I was there that long… What a mistake.
I tried mojo last year for a month, pure nonsense, cheap low volume stocks with .25 spreads…the BS in this industry is mind boggling.
Can you say SCAM! He has a “free” xmas special on for a week this week Dec 21-24, 2015. I joined at 11:30 am to check it out. Apparently they are done by 10:30am daily :0>. In any case scrolling through the chat I could only see PTMike’s commentary and it was VERY vague about entry and exit points, if no one else saw this I am very concerned all he was saying is sold at x price, but without an entry the trade can not be verified. After calling him out on why he was not disclosing entries just exits and being vague about it ….wait for it….. he banned me!!!!!!! Yup. If that doesn’t say it all nothing does. AVOID LIKE THE PLAGUE IT IS ALL 100% SHAM TO RECRUIT MORE DOPES. Just learn how to trade properly and join a free chat group where you can safely share ideas no BS.
Agreed on of the biggest crooks out there! Ive watched him kick people out of chat then brag about how he wont refund there money. When he loses on a trade a just hides it, and when you ask a question about that trade? He claims your raising a red flag, and kicks you out of the room. He is not professional at all. Even beat up a old guy at the golf course with a golf club Google Michael Rich youll see. Not recommended a complete fraud
Shame on Emmett Moore for letting innocent sheep be slaughtered by ProTrader Mike and his nonsensical obsession with SUNE.
OMG does Mojo suck. I was a member for about 3 days until I just couldn’t stand another minute of it. It’s run by an effeminate douche named Mike that blurts out a number of entries right after the open and then walks off to practice his golf swing while the newbies accounts are blowing up. Needless to say I never took one of their trades. I watched in horror as newbies tried to get out of trades that they were upside down in by 2% after the the douche called it. Instead of helping, Mike goes to his minion “Alan” who always confirms that he’s already made a f*ckload of money and can’t understand why everyone else hasn’t.
It’s hard to keep a straight face with these 2. The daily “results” are cooked beyond anything that would be considered moral. As an example if Mike called TWTR at $16.54, it goes up to $16.56 and then goes to $15.20, well obviously that’s a $.02 win.
Right???
A SCAM of biblical proportions. You’ve been warned.
Thank you for the reviews, It is saving my lots of time looking for honest trading advise.
I would like you to remember that the taxes are a pain with this many trades too. You need to record every day in spread sheet or some other method. $5 -7 dollars per trade very low and lots of risk for little money. I heard about a trading school in Austin Texas trading like similar.
Hey Craig,
You are right about the recording of trades and dealing with taxes. This can certainly add to trading costs. To me, if the profits are right then I can put up with tax headaches.
Regarding Day Trading Power, just make sure you have the time to devote to this room, they trade the entire day. Make sure your trading costs are extremely low because you are going to be moving about 300,000 shares a month. And then of course, you need an account greater than $25k or a prop account which requires a series 7. A few hurdles to jump, but the income is consistent and the moderator is the real deal.