View My Trades
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Honesty
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Quality
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Verified Trades
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User Experience
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Summary
Tommy actually provides a pretty lively and interesting market commentary. The only problem is that he is not trading, just talking about trading. Truly wish I were wrong, because I really like Tommy, but at the end of the day I cannot endorse the product.
User Review
( votes)View My Trades-The review I didn’t want to write.
Some trading reviews are just plain difficult to write. Not everything is simply cut and dried, black or white.. Scam, or no scam. Telling the story of View My Trades wont be easy because the owner is such a nice guy. The guy that owns the trading room is named Tommy. He is a nice person. And both of us have had nice long conversations about some of the worst of the worst trading rooms available on the internet. Tommy genuinely is disgusted by some of the hustlers that pray upon newbie traders. And he wants View My Trades to be a great service to traders. Keep reading to find out what you will like, and most importantly what you will not like.
What you will like about View My Trades
Undoubtedly the best thing about view my trades is the blaring transparency of trading results. All over the web pages of View My Trades, you will find an extensive list of trades called live in the trading room. Row upon row, you will see an impressive string of positive results. No, the results are not super awesome with incredibly huge winners. Rather, its the consistency of the positive results that make you feel warm and comfortable. You are left with the feeling that finally you have found someone that can help me get consistently profitable with your trading. Perhaps you can quit that day job after all. Perhaps there is a future for you in trading. Perhaps, until you learn how to trade on you own, you can simply copy Tommy’s trades and earn a small living. Wouldn’t it be great to have a couple of positive months in a row? Wouldn’t it be nice to show the wife, finally, that your trading has turned a corner?
What you will not like about View My Trades
There are three things actually.
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Every night Tommy sends out an alert to either buy or sell the market a predetermined level. Included with the level is the stop and target. However, the level is not really a level, instead he give you a range to enter the trade. The problem is glaringly obvious to an experienced trader. But hidden and deceitful to the novice. The problem is that Tommy reports each trade with the BEST case scenario, which assumed he was actually able to get filled at a limit price, and exit with a limit price. The whole thing is pure fantasy.
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The second thing you will not like is that there is no set structure to Tommy’s trading. He flies by the seat of his pants. In his trading room, he calls out “bounce points” that he is thinking about entering at. No explanations of what bounce points are, just levels he feels where the market will bounce. Sometimes it bounces, sometimes it slices through like a hot knife through butter. No explanations for you! If you took the “bounce points” and it bounced then good for you. If not, well then you are screwed mightily. When Tommy gets really going he will get excited and make a call like, “OK, THIS IS IT, I AM IN!” It happens lightening fast and he always, always always gets his limit price, while the rest of us sit there scratching our balls.
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Tommy doesn’t trade. At the end of the trading week, I chatted with him and kindly asked him if he would send me over a screen shot of his fills. I wanted to see if what I suspected was true. Tommy asked me to call him personally and that we should talk over the phone. I called Tommy and as usual we had a cordial and fun conversation, I asked for that screen shot. He responded that he doesn’t actually trade, rather he considers himself a market commentator providing entertainment.
Providing Entertainment?
“A market commentator providing entertainment”. It just stuck in my ear and refused to move. It then crawled down into my t shirt and began rubbing my nipples, not in a fun way. It crept down into my underwear and cozied up. And it drove me freaking crazy with irritation. Imagine how a person would feel if they saved up $5k and then opened a brokerage account, not knowing much and actually attempted to make a living from a “Market Commentator providing entertainment”. People with real money on the line are taking advise from a person who does not even trade. This is just crazy to me. What’s worse is that anyone attempting to copy Tommy’s trades will be stuck in a hopeless cycle of catch up, with no hope of replication. If a person were crazy enough to attempt to replicate Tommy, at the end of two months, the trading account would be close to zero while Tommy’s fantasy track record of trades would continue to show a slow and steady increase. Sad stuff folks.
My advise to Tommy.
Tommy, if you are reading this, you are a nice guy. I really enjoy our conversations and I feel that you care about people, but you very much remind me of my alcoholic father, Emmett Sr., who lived his life in denial and personal deceit. My father spent the first 25 years of my life as a functional alcoholic. He could work during the day, but needed to be drunk by bed, just to cope. My mother pleaded with him to stop, the alcohol was destroying our family. But my father refused to believe that he was an alcoholic because he continued to function by day. Eventually my mother had enough and ended the marriage. It was painful for all. Mom and us kids grew up healthy and free from the angry tirades of a drunk, while my father continued a life of extreme isolation, but moderate business success. However, as with all alcoholic’s, the lies and destruction of alcoholism destroyed my father. At the age of 62 my father was arrested for his 4th DUI which carried a one year mandatory sentence. It took him a long, long time time before he finally came to the truth of his personal deceit. Tommy, your problem is that of personal deceit, you are not really trading and yet you truly believe you are giving something of value to folks. You despise the conman, yet you do not even realize that you have become the very thing you despise most. Perhaps nobody has told you, but I will do it now.
I was a customer at home: This guy is a jerk, and does not know trader.
I lost my time and money.
Too much fake, and dishonest person in trading.
Hey Tommy, whats happened? I see you’ve closed up shop. I take it you’ve now comfortably retired before hitting 40 due to those miraculous bounce points!? Somehow I doubt it, and look forward to you popping up somewhere in the dark world of trading chat rooms soon
So this clown now charges 750.00 a month for his trading room that only runs for 2hrs…. 3 days a week!!!
VMT is back after a long summer break. Update – Tommy has slimmed down the membership options from 7 to 3. Now the room focusses solely on the ‘Bounce points’ . Email alert has been scrapped. Get this – He has reduced the trade room days to 3 a week BUT increased the price to an eye watering $750 a month. Oh – and forget anymore free trials – its now $100 for a (three day) week to have a peek.
So the first struggle is to make the $750 back during the 12 days of trading each month. As previously stated here, he can’t be followed using real money. He does SIM trading and Market if Touched.
I am a old client of Tommy email alert for 2 months.
I think he is honest, sympathetic men but I am really surprised to learn that not even its own trade signals: s I understand better now!
I am French / Swiss
I speak bad English, sorry
Concerning my subscription at Tommy, the result table is fair, but impractical. I also have a small capital. It would open a trade at the start (stop 2.15) and another in the middle of the box. (Stop 1.5)
Also I absolutely agree with the reasoning and stop 2pts +
I wanted to return home, but after reading this article I will look elsewhere, not that Tommy is a scam, but it is too difficult for me to follow it precisely. And made it not trade itself leaves me speechless.
be an analyst and trader to be real, it’s totally different. And for proof I was losing while Tommy recorded a gain for the month or I was client. It is very complex for me to follow him, because you never know when it close the trade, to the BE etc!
I prefer to find a real trader trades are possible. This is disappointing, since 2010, I have not found any serious seller!
In short, for one that has a large trade capital and already a little, Tommy can be a good solution. Otherwise, not for beginners
VMT Still the worst I see. I can’t Believe this guy is still taking money from people.
I will start by clearly stating they are a solid online educator, trading room and not a scam. I have been a member off and on for about 3 years as my work allows. I travel a lot and Tommy has been very cool with me letting me start and stop and providing for future credit. The things I see as being very good with their site is that they do not BS people and they do not play games. When you are in the trading room you clearly know what is being said and what they are planning to do at all times. There is no fuzzy talk allowing for the trader to worm his way in or out of a winning or losing call. They are very thorough and repeat things many times so everyone knows what is happening and more importantly when it is happening. As for other offerings, I took some training with Tommy for some problems with my stops. It was not a formal offering but about 90 minutes of personalized help and I benefited a lot from it. Not expensive and well worth the coin I paid. That is the good stuff and I only have a few small vents on things that could be better. He only shows 3 charts in the room and does not show the indicators they have. I think it would be very beneficial to see all his charts he uses and to show the indicators. It can be frustrating not knowing ” the why” for entering and exiting a trade and he and I have spoken about this. That is really the only 2 things I would like to see done differently. Overall I think they are really solid as I said at the start of the review. I am grateful for what I have learned and what presumably I will continue to learn i the future. And guess what? — I am trading mostly profitable at about 70%. Happy camper here.
Thanks James, your comments are appreciated very much.
Pack it up and take it somewhere else Tommy. No one here is falling for your BS.
That means a lot coming from dog, no wait a stray dog at that. Another internet troll that never took a trial and never was a member. Maybe stray dog is Rob.
Brokerage statements Tommy, where are your brokerage statements?
Hey Stray Dog, the guy that hides behind a stupid name….just because you or anyone else demands to see a brokerage statement from a business does not mean you are entitled to getting that personal information. And because a business does not cave to those demands does not make it a scam. The arrogance of some, including you, demanding we change, alter and delete or add certain aspects of our business model to suit your opinions of what our business should be is outrageous. Go start your own trade room and run it how you think it should be done and stop trolling us. Again the stray dog, nameless guy has never been a member and never taken a free trial. I guess like some of us have hobbies like playing gold for enjoyment he a few other enjoy posting negatives reviews over and over again. Move on,
Your business model says, “We will never show proof we can trade profitable as we claim we do”. Interesting business model.
Do you read what you write? Really!
“just because you or anyone else demands to see a brokerage statement from a business does not mean you are entitled to getting that personal information”
That statement is mind blowing and no honest business would refuse to show proof they can do what they claim they can do.
Could you imagine hiring someone to build a house for you and you ask to see their license and see some other homes they built and the said;
“just because you or anyone else demands to see my license or proof I actually built a home does not mean you are entitled to getting that personal information”
I will actually agree 100% with you. You do not have to show proof you can actual trade profitable. But I think this speaks volumes about your business. And my advice is still if he refuses to show any evidence he can trade profitably, why would you pay a dime to this person.
That’s an excellent analogy. Its just common sense.
I remember when I was a kid and I bought my first car. Promptly got into a fender bender. Some guy approaches me at a convenience store and offers to fix the dent for $200. The repair shop wanted $500, and so I gave the guy a chance and let him fix the dent. Oh my, what a terrible job this guy did. It was a mess of bondo and patchwork. Absolutely terrible. I ended up taking the car back to the repair shop, and they laughed at my folly. Ended up paying $500. Lesson learned.
Getting a car fixed, or a house built, or a root canal? Age and experience has taught me to “trust but verify”. Its just common sense to check the credentials of service providers.
The trading educational industry is very odd. People place their trust and retirement savings into the hands of folks that have no business giving investment advice. I am not saying that Tommy is a scammer, hustler, con man, etc. Would prefer to keep those esteemed titles to myself. However, Tommy would be doing the trading community a great favor by taking the next step and providing more transparency in his trading. And I have to give Tommy credit, he is willing to come on this blog and defend himself. Most don’t have the courage.
At the end of the day, to get an excellent review from me is quite easy. The bar is so low that a person only needs to break even. Considering that most folks fail at this game, a vendor that can make only a small profit is highly valued. And they can build sustainable businesses with only moderate personal trading success. Hopefully, Tommy comes around.
Emmett
That’s like demanding from your account he show you his tax returns to prove he got money back for himself. Anyone reading this might note there are 2 people who can never stop the negative reviews, neither of whom have ever taken a free trial and nor have been a member, or maybe it is one person posing as 2. As for you Emmett, you love to chime in here and there. You you self are so misleading. You are a convicted felon that seems almost to brag of his crimes in your post about your own history. Your promised me many times to re-write your blog post as 3 stars saying your whole gripe was we did not show a dome and that you used a entertaining review and description of us because that was good for your blog. You of course never followed through with what you said. All you do I try to damage a business as one person’s opinion and have the google search show 1.5 stars and not the 3.6 all the users rated us. VERY misleading Emmett and you are NOT a man of your word. You do not do what you say you will do.
Redacted brokerage statements please.
Didn’t you read the opening paragraph where it said Tommy does not trade? Then how do you expect brokerage statements…dw
Like so many other people running a con game in this industry you are comparing apple and oranges. Every business has its own litmus test. For someone to do your taxes I would tell someone the Litmus test is that person should be a Licensed CPA or Licensed Tax Prepare. In fact the IRS is making new tougher rules on anyone preparing another person’s taxes.
https://www.irs.gov/uac/irs-proposes-new-registration-testing-and-continuing-education-requirements-for-tax-return-preparers-not-already-subject-to-oversight
But for the trading industry I say the Litmus test is you have to show proof you can trade profitably. Remember unlike mutual funds and etc. this industry is unregulated and unlicensed. If it was regulated my guess is you would absolutely have to have evidence to back up your claims.
Now you may not agree with the Litmus test, that is fine. You have made your argument many times that you do not have to show any proof what so ever you can trade profitable. Gosh for me I do not even hire someone to cut my grass unless I know he cut other peoples yard and I see the work he has done.
I seriously doubt you would use your own logic on any unlicensed unregulated business you hire.
Personally I think that speaks volumes about your business. Any honest business would be more than happy to show proof of their past performance.
To me it is obvious you do not trade live and you cannot trade profitably.
You do not have to agree, but I advice anyone that wants to become a profitable trader not go to some unlicensed unregulated educator that refuses to show any proof what so ever they can trader profitably. It really is that simple.
And for my part as long as you do not continue to post glowing review under alias without showing any proof to back up those glowing review, I will not post a rebuttal.
The people have heard all sides, let them decide for themselves.
Hey Tommy. What kind of name is Tommy for a grown man? Fortunately my name is a pseudonym and I’m not stuck with it in real life.
You are mistaken. If you are selling a product based on your ability to trade or to teach trading then people have the right to demand to see proof that you can trade profitably. Refusing to show this proof, in the form of brokerage statements, screams scam. If you are so worried about your personal information contact Emmett and get the robot but you won’t do that because that would expose the truth.
Move on stray dog. Find another business to bash for which you have never been a customer. You must be retired since you have endless amounts of time to troll blogs.
Just sitting here waiting for those trading statements Tommy. Think it’ll be a loooong wait.
the dog pound is looking for you.
Tommy,
Your like a Green Bay Packer fan going on to a Chicago Bears blog site and telling everybody how great the Packers are. Your BS doesn’t fly here – I mean you don’t even have the guts to trade! You won’t even eat your own cooking! I can smell BS a mile away and you my friend are full of it!!!
We don’t need to take your stupid trial and waste our time. Why don’t you go to Investomonials and post all your BS there. Leave Emmett’s site for honest discourse.
talk about dishonest…who are you chuck? again another fake name, “chuck” never took a free trial, never been a member, in fact the way he writes his words and forms his sentences is exactly the same as the other anonymous people here, again the same person posing as someone new???….You know nothing about me or our company, the past 3 weeks has been 2 – 3 people relentlessly saying untrue things about us, over and over again. Could they run another trade room and try to bash their competition as pretend to be ex members? hmmmm….They are probably the same person. Funny how you and they all know as a fact I do not trade because I do not send personal brokerage statements to strangers on the internet. What normal person trolls blogs and posts endless negative reviews for weeks upon weeks for a business for which they have never been a customer and hide behind fake names. This is the typical internet lies, slander and garbage at its best.
Tommy, have a cup of tea and lie down. When you’re composed open you computer and log on to your brokerage account. Download 3 months of statements. Redact you account number etc and email them to Emmett. Problem solved. You’re welcome.
Tommy ignore these people. You can’t argue with the haters and irrational types everyday of your life. If some people want proof of brokerage statements and you choose not to provide them then Viewmytrades.com is not for them. End of story period. For those day trading futures that only care about win ratios and timeliness of the trading room calls your room is outstanding. Keep doing what you are doing my friend. Some good advice never waste another key board stroke here again. I know I won’t.
“If some people want proof of brokerage statements and you choose not to provide them then Viewmytrades.com is not for them. End of story period.” Yes if you are one of those “Haters” who has the audacity to ask for proof, from the person who is selling you his or her product, that it works then it’s not for you. Obviously asking for proof in the viewmytrades world is unreasonable and there is something wrong with you for expecting that it should be forthcoming.
Please explain Chuck how this live trade room recording from today is BS or how it is a scam? As always we call everything out before it happens. Every single person can and does get a fill. We deduct for scaling, trailing stops and reduced position sizing and the spread on both entry and exit when we record accurate results every day, Oh but wait that is all a scam and BS per 2 – 3 on this blog people that have never been in our trade room. See live trade room video from 5/19/16 and if you cannot follow that go back to school. https://youtu.be/_VYAWtkyJW0
https://youtu.be/_VYAWtkyJW0
“We deduct for scaling, trailing stops and reduced position sizing and the spread on both entry and exit when we record accurate results every day, …”
Finally confirming that you did not take an actual trade: you are reporting hypothetical entries and exits for the trades called. What makes that obvious? If you took the trade, the trade record speaks for itself as to all prices, so there should not be any need to deduct anything for any reason. The price of entry is the price of entry, and the price of exit is the price of exit: no need to deduct anything.
You should have quit when you were thinking that you were ahead. Now you have yourself finally given the proof that there was no actual trade. That is why you are deducting crap in an attempt to create what you think is a fair report.
Next time you try to pull this one, remember that: “It is better to be silent and thought of as ignorant, that to open your mouth and remove all doubt.”
Okisani another fake name of someone that has never been in our trade room, but bashes a company while hiding behind a keyboard. Same person above with a new name. People do not join a trade room because the moderator shows a DOM or posts a brokerage statement on a blog like this filled with fake internet trolls. They join a trade room and stay in a trade room if the trading calls are made clearly and in advance and can be profitably duplicated whether the moderator takes and trade or not. I wonder why so many of our members have been with us for years? Because they can follow our calls and they work. We have never claimed we take every trade we call out and we state that on our website. That also does not mean we do not take any trades either.
So we’ve had the “We won’t show you our trading statements because we don’t want to release personal information” excuse. The “Our business plan doesn’t allow us to share that information” excuse, that was a good one. Now it’s the “We never said we take all the trades we call, but we do trade some of them” excuse. Tommy, redacted brokerage statements or get Emmett’s robot. If not that then I suggest you let this thread die quietly.
I do not need to become a victim of your scam by becoming your client before I can comment on your obvious mistake when you claim to be deducting ticks. Now I see that you are attempting to backtrack. Again, no need to deduct anything from the trading record, as a REAL trading record is a record of actual prices paid, so there is no need to deduct anything.
Your expecting me to come into your room where you are calling trades that you are not taking is like expecting me to take your armchair quarterbacking instructions that you give me while I am plumbing my new swimming pool, based only on your assertion that you are an expert plumber, who refused to provide any evidence of any plumbing ability when asked and who instead keeps insisting the I follow those instructions before I can tell that they are bunkum.
You may be fooling a lot of people. It must hurt so badly when the folks on here see through your chicanery and call you out.
Finally, your stupidity shows when you assert that I am not using my real name. How do you know that?
Even then, that does not matter. Exposing your shenanigans does not require one to reveal who they are. You are not trading, and you have just admitted it. Claiming to trade only SOME of your calls is beyond ridiculous, when you are claiming to be demonstrating (I presume) and teaching how to take trades. Are you also telling the room which trades not to take?
I suppose the trades that you do not take are the ones that lose, and the ones that you take are all winners. You are worse than Bernie Madoff, you charlatan.
OKI I did not say I do not take any trades I said I do not take every trade. My risk management plan dictates what I take when and how. When you run a trade room, which you obviously know nothing about, you set up it up to appeal to a broad range of traders from intra-day swing traders to scalpers. Thta is why we have 2 trading systems during our trade room. By your rational, Vince Lombardi had no use as a football coach since he was not playing in the games. With your pool analogy, which holds not water, pun intended, is ridiculous. I show people every day how to build a quality pool before there very eyes in real time. Just because it is not the pool in my own backyard every time I build one does not make the quality of the build any less. Like a few of the jerks on this blog you resort to hurling insults which shows your immaturity, ignorance and anger. Oh yeah, I am Bernie Madoff, Your like a person who flings around the word Nazi at every turn you need to get some help.
Tommy,
I am going to respond to your coach analogy, because it urks me when people make apple and orange comparisons. A Day Trading Room (TR) Operator and educator is not the same as a Sports Coach. A more reasonable comparison would be to a money manager. When one decides to hire someone, you use some sort of Litmus test even if subconsciously. For a TR operator or Money Manager I would say the Litmus test is real proof they can trade profitably.
But for the heck of it, I will go with your sports coach analogy even though it is not equivalent. Off the top of my head there might be 2 reasons I might hire a sports coach. Reason 1, I just want to learn to play the game and have fun for purely entertainment purposes. For this reason my Litmus test for hiring such a coach would be a lot lower. But I really do not think most people start day trade for entertainment and purely for fun, instead they day trade to make money. So that leaves me with my 2nd reason to hire a sports coach and that is I am a professional athlete and want to make the professional team or maybe get on the Olympic team or even win the gold at the Olympics. In this case I am not going to hire some sports coach that says he has trained other athletes. I am going to look at the actual athletes and see their accomplishments and who they used for a coach. My proof is that I can actually see those athletes compete and win. I can see the basketball player in a game or the Olympic athlete winning the gold. That is my Litmus test for hiring a sports coach.
To continue with this analogy, first most Day Trading Operator show the jet style lifestyle and claim or imply they trade profitable. So there litmus test is to prove they Really trade profitable. But let’s say a TR operator says I cannot trade profitable but have taught others to trade profitably, then the Litmus test is those students must show proof they trade profitable. I am telling you a bunch of fake testimonials is meaningless. Until people demand actual proof they will be scammed again and again. It amazes me how many people throw money at these TR operators who show no proof what so ever and sadly yes I have fallen into that camp. I am sooooooooooo ashamed. But that is why I a post here to warn others so they are not ripped off like I was.
” I show people every day how to build a quality pool before there very eyes in real time. Just because it is not the pool in my own backyard every time I build one does not make the quality of the build any less.”
It is always surprising when people expose their moribund thinking. In riposte to this, yes, you are asserting that you build these quality pools. Then I ask you to show me some pools that you have built, and you are telling me that it is none of my business. Let us see some of these self-described, high quality pools, not just you asserting that you can build them. To skip out of the analogy, SHOW US SOME PROOF that you trade profitably, instead of indulging in these ridiculous arguments. Just show the darn proof, not some videos of nebulous calls in price zones; trades that you were not willing to put your money on the line to take, but instead expect your sheeple to just do as you say, instead of do as you do. All the arguing that you are doing here shows just how cynical you are.
But I digress: I have read the original review again, and you have already admitted clearly to Emmett that you do not trade; you consider yourself an entertainer!! I quote: “Tommy does not trade. Period. I recorded our telephone conversation and was honest in telling me that he is old providing market commentary and entertainment. “(sic). Heck, it was right at the top of the review, no less.
“Like a few of the jerks on this blog you resort to hurling insults which shows your immaturity, ignorance and anger. Oh yeah, I am Bernie Madoff, …”
Insults? I described what you are doing, and drew a conclusion. If it looks like a duck, walks like a duck and talks like a duck, for sure bloody hell, it is a darn duck. You may not yet have displayed anger, but you sure as hell are making ignorant arguments, devoid of the most elementary logic.
I did not say that you are like Bernie Madoff: I said that you are worse. Bernie swindled the rich. Whereas it is debatable if they could afford it, at least they had money that was disposable income: you are conning folks who can really not afford it. That indeed makes you a con man of the lowest kind; a miscegenation of the worst qualities of the open-air third world markets and the slums.
Remember when I told you that it was better to remain silent and be thought of as ignorant instead of to open your mouth and remove all doubt? Has it occurred to you that had you just slunk away, you would not have at least 3 people exposing your chicanery multiple times, in a blog that is the first to come up in Google? Do you really think that you are doing yourself a service, when you repeatedly make ridiculous arguments that are continually getting exposed for your potential victims to see?
Show proof or shut up. Continuing to allow us to expose your reality is not in your best interest.
I think it is time to change your name to the Junk Yard Dog as you must be taking a Big Bite out Tommy’s business. That name brings back memories:
https://www.youtube.com/watch?v=i9eQm6QOkiM
Tommy, you never give up. They should call you the Stray Dog.
First, I am not aware anyone claimed to be a student of yours. Second you do not have to pay money and be a student to advice would be traders not to pay a trading educator who shows no evidence what so ever they can trade profitable. It like when my sister asked me about selecting a builder to do her addition. I told her the Litmus test I would use for selecting a builder.
The video you show, shows nothing! Great marking and charts to the left with a million indicators. I have been to tons of TR and all have been scam. Talking about trades and actually trading have nothing in common. First the video is only a small segment of the trading day. It shows no type of track record, which would be meaningless anyway based on what I saw. The only thing that matter is if you can actually place real money with real entries, exits and stop losses and trade profitable. Everything else is noise.
It is obvious from your post you do not trade. And I would say anyone paying money to learn to trade from someone that can not trade profitable themselves is a complete fool. It is one thing before this site to be fooled, but now you are aware this whole industry is 99% con artists.
Tommy, if you are so scared to trade ES them maybe trade an ETF that matches to ES. For goodness sake try and take a trade based on your own trade calls and lets see how that goes. I am 100% sure I know how it will go. And if you are still too scared, how about getting one, I am just talking one, of your students to sign up for Emmett’s robot and show how successful they are.
My advice has not changed. If some is trying to sell you a TR or Trading education and they are not trading live, showing brokerage statement to confirm their entries and posting accurate results, run, do no walk away!!!!! And the sad part is that should be the minimum baseline, yet in this industry that minimum if virtually non existent, which speaks volumes about this industry.
If regulations came down on this industry 99.9% would have to close down.
There are hundreds of readers who see through the scam now. Adjusting for ticks and admitting you just take some trades sounds like a complete sim game that dupes are expected to pay a sub for to keep up the monthly churn rate. Those of us posting were burned before by other vendor scams and frankly for far less obvious shenanigans. The record of viewmytrades could just be another bmt journal where most post fictional or sim videos in denial and selectively omit losers.
As he has now clearly admitted, he is armchair quarterbacking, talking about trades but not taking them himself.
According to the description, the TSO robot duplicates the trades taken. Ergo, he cannot sign up for the robot because there are no trades being taken: at least not in real time.
In this industry words mean nothing. That is how this industry has just scammed people again and again. Make up a bunch of fake alias and post glowing reviews.
In nuclear treaties it is trust but verify. In this business it is don’t believe a thing they say unless they show REAL Proof, otherwise you are guaranteed to be scammed.
So being you are doing so well why not show Emmett some evidence of profitable trading or get your friend Tommy to do so.
It is just mind boggling in any honest industry the vendors are quick to show proof, but in this industry is just blah blah blah and run to the hills when asked to show any proof of profitable trading.
No one wants to hear endless ads. SHOW PROOF!!!!!!!! Honestly it would be a 1000 times easy to show Emmett actual proof than make up all these alias then complement yourself on your alias post. I actually get quite a laugh from it. And I doubt I am the only one laughing.
https://www.youtube.com/watch?v=As6y5eI01XE
Emmett,
This industry is just so corrupt, it is beyond belief. I am saddened by the post I have to post, because this is not the crap we should be posting about. Let me explain. Trading live, showing proof of your trading with actual brokerage statements and posting accurate results of your trades should be the baseline standard, not the 1 miraculous in 1000 find. We should not have to be posting, “Show actual proof”. Maybe you can change this industry, but I doubt it as I believe there are inherit built in issues.
But like Martin Luther King said, “I have a Dream” and in that dream all trading rooms meet the baseline requirement mentioned above and the things people would be posting would be stuff like this:
“Just remember with his method historically he gets a 50% drawdown so make sure you use proper money management so you can withstand that drawdown.”
Rob still trolling us here and it seems to never end. He has nothing been a member and never taken a free trial unless of course he uses fake names like so many here. What good use of your time Rob, spend hours upon hours badmouthing a business you have never been a client of and do so with a fake name. Nothing better to do with your life? We still do not know who “Rob” is. Not sure what endless ads mean? You say “no one wants to hear endless ads from us.” Again Rob stating comments that make no sense. We have not one ad on our website. This blog has tons of paid ads. The same fake named people can criticize us over and over and over again like Rob a person who relentlessly badgers us, and gets counted many times on the blog as multiple negative reviews. yet somehow the vast majority of people that comment here approve of our trade room and other offerings. Our user rating is 3.5 stars, yet one person named Emmett gives us 1.5 stars and that is all that shows up on Google search. not the 3.5 stars. Get a life Rob, move and find something better to do.
Well that is good news. Finally Google search is helping people avoid your BS site. Trot out those brokerage statements of yours Tommy and we’ll all eat humble pie.
Tommy,
The only place I have commented regarding your business is here. Lets say every horrible thing you say about me is 100% true, it doesn’t matter and it surely does not make you a profitable trader. And that is the point. I am a business man and investor and I know a scam when I see it. By your logic the people that started to figure out Madoff was a scam should have kept their mouth shut.
This is not about me or anyone else this is about you selling day trading yet refuse to show an ounce of proof that you can day trader profitably. Do you really think a bunch of people want to learn day trading from some day trader that could not trade profitable if his life depended on it. This is like someone saying they want to build a house for you yet they are completely unlicensed and refuse to show any evidence they ever built a house before. If you are going to pay someone in a completely unlicensed & unregulated industry then you better due your due diligence or you are guaranteed to be scammed.
I find it so funny that your argument against me is how dare I tell people they should get actual proof you can trade profitable. Really think about that for a second and maybe do some self reflection. If you do not want me warning people to get actual proof you can trade profitable then you can do 1 of 2 things.
1) Show Emmett proof you can trade profitable. In fact be nice if you showed it to your members each and every day with real broker statements and then keep an accurate record of your real trades. Making trading calls with out placing real trades is just a con game used again and again by scammers. I have seen it too often. Just way to easy to fake those results. I could write a paper on that scam in itself.
2) Put a HUGH disclaimer on your website that says, “This site is for entertainment purposes only. I can not day trade profitably and neither can any of my students, but heck you might luck out and figure out how to do it with my teaching even though I could not. GOOD LUCK!!!” Now that would be an honest statement.
Short of doing those 2 things I really do not see me coming out and telling people to stop ask for actual proof and instead just go on blind faith, drink the Kool-Aid and hope and prey. But Tommy cheer up most people do the latter. So I am sure you will still be able to con people out of their money.
There’s always Emmett’s robot too Tommy.
I had initially wrote in a positive review for VMT about a year ago. I said my piece and that hasn’t changed. They run a great trade room and I have been there for years as a client. I came back to this blog for some unknown reason to see what was being said. How ugly some recent posts are from people on this blog! My goodness, a few of them throw the word scam around like it is a meaningless word. It reminds of our political landscape these days. Very sad what can be said about businesses or people online with no accountability. VMT may not be for everyone, but it works well for me and always has and is in no way deserving of such language. To call them a scam is reprehensible whether you use a fake name or not. –Bethany.
Bethany your continued support is appreciated. You know that from our communication. You are awesome. Thank you.
I was in the room and was troubled by this one problem. The room and the track record uses MIT (Market if Touched) to record a fill. The fill price gets recorded at the MIT price which is not real life. So the only way to ensure a fill is to front run the price by one tick. Of course there are times it will go through the price and get you filled. But you risk not getting in the trade. This changes the entire track record as a result. This is why Tommy can’t show you a DOM as it will reveal this discrepancy. For me, on his track record, I just deducted one tick on every trade to get the true results.
Yes, this is the exact problem. Newbie traders do not understand this. Getting a limit order filled is like cutting to the front of the line at the Welfare Office. Sure, you can do it! But you wont do it very often.
Kramnor like some others fail to TELL THE WHOLE STORY. We deduct one tick of slippage on the entry and exit 100% of the time that happens on every trade set-up. Yes agreed if price runs down to a long trade set up and kisses to the tick for a second and runs back up we do NOT cunt the results from the ticked entry, we slide it up one tick in front of the entry. The results are accurate. If you want to critique then do it thoroughly and tell the whole story.
Touche’
Though I would love for Tommy to participate in my Robot trading program. This way, I can write a new review based on some sort of realistic performance metric. This is the future Tommy, you should get with it.
It’s up to the prospective trader to decide. Do you want to pay good money each month and at times have the moderator call a trade and not one person in the room gets filled at that price, yet, he counts it as a good trade and you sit and watch it go on for a big winner? Emmett gave a 4 star review to a room where I found out that the moderator will not put it on his track record unless people in the room say they were filled. Good for Emmett to find the good rooms.
https://youtu.be/CcQVfz9V1VE
instead of arguing back and forth, this link will take you to a LIVE TRADE recorded from yesterday in our trading room, the same day these latest discussion was posted Kramnor. You will see and hear how we handle the entry and exits with the spread. Funny, if no one could duplicate our trades why do we have members for with us for over 40 consecutive months? Also again as usual with any negative review on this blog, Kranmor has never taken a free trial nor been a member unless of course they are using a fake name.
Tommy,
You have got to be kidding. I am curious; Do you realize you are a scam artist or are you completely delusional and think the fantasy world you are showing has any correlation to the real world of trading? This is worse than sim trading. You are talking about trading and trading areas. And talking about fills on touches. I suggest you actually look at a time and sales chart.
Watching this video made me so angry. There is absolutely NO NO NO NO NO relationship between talking about trading and actually placing real trades in the real world with real entries and exits and experiencing slippage and commissions. No relationship exits. Tommy, DO YOU GET IT!!!!!!!!!!!!!!!!!!!!!!
This is the kind of absolute BS crap designed to scam people out of their money as they watch their trades get stopped out again and again and are shocked how they are losing money while you talk about your profitable fantasy trades.
Ah but Rob B is clueless he does not understand my fantasy world is the same as the real world. Heck, maybe you are right. Let Emmett run his robot and for once in your life actually place a trade and let’s see the results. Based on that nonsense video, I am 100% (that is right 100%) confident you will lose your shirt. Please Please proof me wrong.
Any to everyone else out there, unless the Trading Room operator shows Real proof they can trade profitable do not waste your money. Both Sim trading where they use a lienient Sim generator and worst talking about trades has no relationship to results obtained during real world trading. In fact anyone can make money doing the former, while the latter is very difficult to do profitably.
Rob not sure how ALWAYS calling out every trade set BEFORE it happens and calling the exits trailing stops all IN REAL TIME makes it a scam to quote you. I understand if you disagree with a double entry range and you prefer a single entry point. However, that does not make what we do a scam. When ever a trade gets touched to the tick and does not probe through our area, which happens about 30% of the time, we deduct one tick on the entry and exit if applicable for the spread. People can easily follow what we do and have for years. We would not be in business if that was not the case. Our room is not for you. Go find one that fits your needs.
Tommy,
I stand by my remarks 100%
I have just been to enough trading rooms to see the scams. It is just too easy to make a losing trader look like a brilliant trader by calling out areas. They lie about the trades and then have the shill in the room say how much money they made on the trade that actually lost money.
But I challenge you to prove me wrong. In fact I bet of you to prove me wrong. You have time to post here, then you have time to show Emmett your live brokerage statements. Even though that can be faked, it is harder. But somehow I doubt you will do it.
You see calling trades and actually trading are not the same. These TR operators sing long and loud on their winners and quickly brush their losers under the table. Only a brokerage statement showing real trading means anything. That is the only way to tell if a TR operator can trade profitable. Who want to learn trading from some unprofitable losing trader turned educator. BTW that is 99% of this industry.
If you cannot do that, then I suggest you put a big Disclaimer on your website saying:
“I cannot trade profitable if my life dependent on it, but I will call out trades and maybe you will get lucky and figure out how to do it profitably”
Because that is exactly what you do. Maybe you feel that is a legit business model. I think it is a scam.
Emmett is finally finding a few traders that show actual trade a live account (what a novel concept) and they show their broker’s statements to prove it. My suggestion to all, is follow those folks, otherwise be prepared to be scammed. Wake up want to be traders, if the TR operator is not trading live; THERE IS A REASON!!!!!! And I guarantee it is not the BS one they will give you.
Tommy, your ass just got handed to you. Good job Rob B.
another fake name
Well yeah! How many people do you know who are called Stray Dog?
This is one of the best summaries of the scam trading room/educator industry and the “business model”. It’s not industry pc but it’s the “trumping” truth so this kind of post will never be seen on stickeyed topics on filtered forums like bmt. kudos RobB
not sure who Sam is??? another fake person on this blog?
https://youtu.be/_IhE8gcf3gA
how is this a scam Sam? The link above is a live video from today’s trade room showing how we call out trades in real.
Please, all it is one instance of talk about trading ideas. No dom, no trade executions shown, nothing. The problems with this was already explained by Emmett, RobB and others. It’s disgusting to realize that Emmett found out no real trades were made, but the talk in the room is constantly making up a fantasy about how somebodies made “profits” , or got in here or exited here. no track record, no overall show of p/l. You could have a hundred instances of discussion where the “trade” went your way in the video, and two hundred where it went south and was silently glossed over and new dupes to the room won’t know the truth until they already paid a month and contributed to he monthly churn rate.
Sam,
Excellent post could not have said it better myself. The best thing is for Tommy to close shop. First no one else will be scammed and 2nd Tommy can go get an honest job that would be productive and stop scamming people.
Sorry Rob, but we do NOT call out “areas”, we call out specific entry points, stops and profit targets with our specific trade set-ups. Watch the video from today’s trade room here for an example of a live trade called before it happens
https://youtu.be/_IhE8gcf3gA
If you can’t follow that and be profitable there is a problem with the trader not the room.
The bounce points which is something totally separate, have a 3 tick entry area and 3 tick stop for a whopping 6 ticks entry to stop. That is far less than a typical 3 point stop most traders use off a single entry.
Yes it is a fake name. I was surely in your room as a paid subscriber. I can tell you the sad news about your dad and how your daughter shares a bed with you and your wife. Discussing me is just fallacious arguing. Stick to the issues presented.
This raises a good question, Why don’t you supply any information about you on your site and in your room? I only found out your name from Emmett. Why is there no business address or trading bio on you? I’m surprised Emmett didn’t bring this up as he did on other reviews. You want to be considered this legitimate site, so just supply this information and use Emmett’s robot. Any prospective subscriber should demand this.
If you don’t want to do the robot, why don’t you be a seller on Collective2? There, only real trades get put on the track record. Those are the real traders. It even displays the prices the followers were filled at and deducts commissions and their fee before posting the track record.
Another thing some room moderators do is get qualified as a Top Step Trader. That adds legitimacy.
To say no to all three options, and even the option to only report actual fills tells me that person either has a failed system that he is trying to disguise or has an ego problem.
Understand that missing one trade here and there is usually the difference between a profitable or unprofitable system. People demand that your room moderator only count trades where someone in the room got a fill at that price, not front running the trade!
Jim Morgan one a person above caught in a lie, here is his direct quote verbatim…”But first I thought I would be look under the hood since there was so many “Live Trade Room” recordings posted. However, the videos may be titled “Live Trade Room Recording” but are just a recap.” The proof is here. Here is the link to the LIVE TRADE ROOM video we posted yesterday. This is not a recap video, but we do show both each day on YouTube and our website. See the link; https://youtu.be/vexV2HIPT44
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Manu’s use of English grammar might not be the best, but his math appears to be better than VMT’s. VMT gives a 1 point entry “zone” with the stated stop one point behind that. 1 point plus 1 point does indeed equal a 2 point loss. I think VMT is saying that people bracket the entry to the middle, but that means MANY trades will not trigger or have less than full position. But VMT starts counting if the prices just touches the front of the box. If the trade is on, then it is on. You cant count it as triggered from the front of the box and only count stops from the middle. Total rubish accounting.So 82% win rate posted, even if it’s accurate is meaningless as average win size is reduced for no/partial fillson both entry and exit while you will always participate in full losses.
We do not even know who “Jim” is but he certainly was never a member of the email alerts nor has he read our website or called with any questions. If Jim took the time to read the email alert rules and understand them he would know we clearly state the expectation and the goal is to get a portion of the move for that very reason of staggered entries and exits along with trailing stops. The portion of the move should be about 30% or so and that is very realistic. So if the email alerts make 40 points in a month a trader can expect to bag about 10 – 15 points. That is 100% doable and is done by many members who have been with us for years. Some trades will have a 2 point stop for a trader and others may have a 1 point stop depending on their entry strategy. It depends how every trader decides to trade the email alerts. The alerts go about at 8:00am every day and often trigger 1 hour later, that is why there is a one point entry zone with a 1 point stop behind that zone. A 2 point stop is certainly not risky and is very conservative. It is impossible to send out an email alert with a to the tick entry when moving averages, divergence and trend lines etc are changing every few minutes. Anyone can take a free trial to see for themselves without risking a penny. As we always say, sometimes we have people like Jim, who we do not know, was never a member and writes a scathing review about a service he never took the time to understand. That is the internet for you.
Lets sign you up for “The Robot” Tommy.
I watched the intro video and was very interested in taking a trial. I mean how could you not get excited about the numbers posted. But first I thought I would be look under the hood since there was so many “Live Trade Room” recordings posted. However, the videos may be titled “Live Trade Room Recording” but are just a recap. Okay semantics maybe but..Then the second thing I noticed was the “fuzzy math” accounting for the email alerts. I already stated my case and stand by it. VMT response has a lot of fluff but doesn’t address my point. Curiously, the “bounce point” numbers count profit AND loss from the front of the entry zone. Why would the Email alert then count profit from the front and loss from the rear?
“unknown” jim
This blog review is starting to get filled with utter non sense and lies. Jim for example says the “Live Trade Room” recordings are just recaps. NOT TRUE. Anyone reading this go to our website and on the home page in the middle of the page you see 3 videos boxes. The left is the daily recap, the center is the intro video and the right are the LIVE TRADE ROOM RECORDINGS. They are 100% live unedited recordings from our trade room. Also Jim states we count the email profit from the back of the box, another outright lie by Jim. We count only from the front of the box. There are many days the email alerts probe into the box by 1 point and we leave that off the table in terms of profit. Funny, we do not even know who Jim is. I guarantee many of the negatives reviews are the same person writing the same dishonest garbage. I was warned by many people in the industry to just not respond to people that try to harm your business with dishonest reviews. They said most are fake, most are also from competitors. They said you will be writing counter reviews and waste time and these people like Jim, we just keep at or like Manu. Remember Manu the reviewer that in fact never was a member nor took a free trial, and to quote him, “I am not looking for a trade room, I am looking for a friend,” Maybe Jim is Manu and they are the same person? Emmett do you even verify who writes what??? This blog has deteriorated into nonsense and lies. We always offer a free trial for anyone wanting to check us out for free.
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Tommy,
You should give The Robot a try.Really, you should.
Emmett
Now who’s lying? I never said any such thing. I clearly said the STOP should be be counted from the FRONT of the box. Instead, you count the trade as in play if it touches the front of the box and if it stops only count from the middle of the box. I never said anything about where you count the profit from.
cheers
Thank you @Jim!
Yes, my English grammar is very small: I am German ^^
the entry to the middle = stop 1.5
the entry just touches the back of the box = stop 1…
So…
the entry just touches the back of the box = stop 2…
Simply…but he pretended not to understand.
But excellent idea with the robot … (Bravo Emmy ) we will see later ^^
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More lies from Manu….who is Manu??? Is it Jim? Why is Manu continue trolling this website over and over again??? Hmmm very interesting.
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To quote Manu, ” I do not want any trading room. I look for a friend.”
Question for Emmett (the creator of this blog) Why do allow ridiculous and obviously fake reviews like this on your blog?
Tommy
Tommy, I let people say whatever they want. Only time I moderate are sexist’s, bigots, jew and muslim haters, and religious whack-a-doodles.
Hey, and I am still going to give you that awesome review when you start showing me a DOM! Is that really so much to ask? Heck, I will even let you write your own blog post rebuttal. Has to be a minimum of 1000 words, no more than 3000 words. That way you can tell your side of the story.
Emmett,
Have you thought about trying to get an article published in a major financial publication. I will give you the title, “The Scam of the Day Trading Industry” . Talk about all the dirty tricks from hindsight calls to the shill that constantly post how they are making a killing. All geared to sucker in the naive investor promising fantasy returns and the jet set lifestyle. And then tell people what to really look for in a honest trading room.
Hello
Instead of being constructive, only the guards. -_-
thank you to tell me that my images are annoying… just that ….
Nice spirit ۞
I do not want any trading room. ۩۩
I look for a friend. And now, I see better the personality here.
Lots of points to you
Byebye
Hello
I speak bad English, sorry.
Thank you for this site, and this article!
I find VMT …
I have a question about the performance displayed for exemple email
After watching videos. The performances are strange and not coherent.
He counts the points on the minimum entry of zone alert, but this stop = 1.5 p from the middle of the zone alert ! lol Instead a stop to 2 points ..
So there is already a floating 0.5 points for his fine performances …
Nothing beats a real live statement ….
Manu you completely wrong with your comments. Most traders enter our email alerts with a staggered entry providing for a 1 points stop, which is less than the 1.5 point stop we show for email alert losses and certainly less than the 2 points you claim. I will also note, which of course you failed to state, we only count the gains from the first touch of the box not the probe inside the box up to one tick of the stop. So in many cases we do not count 1.50+ points traders earn on top of what we record because we choose to count points very conservatively. Finally you neglect to comment on how we clearly state on our website performance page for the email alerts the goal is to get a portion of the move we record due to people trailing stops and scaling out at different intervals. The internet is an interesting place where anyone can post anything about any business or person, truth or fiction, full facts or partial facts, as in this case, and people believe what they read.
Hello Tommy. ஜ
Even a simple “Hi”, is extremely rare. -_-
I’m not talking about how your customers trade your alerts.
But on the way to count your points. ^_^
Which is illogical…
-If you open your trade in the middle of the given area, then the stop = 1.5 point
-If you open your trade at the end of the zone (the farthest) then stop = 0.5 points
-If you open the trade at the beginning of the nearest given area (like you) then the stop must be 2 points …
Logical right?
Otherwise, you have a floating 0.5p in your favor in your performance
I love only the live statements and real ….
to avoid slipping spreadsheet error ۩۩
you have errors in your tables. (I see currently 4)
I give you the first ۞
line to be deleted in your bounce-point performance on 03.03.2015
Have a good day
Manu
ஜஜஜஜஜ
The way your write does not even make sense and your little images do not help with clarity but certainly are annoying. In a round about strange way you just made our point for us. The majority of bounce points do get probed inside the very small 3 tick entry box and we still count a 1.50 point on every losing trade. So yes I would agree the performance numbers do have some errors as you say. Our performance on the bounce points is MUCH BETTER than what we record. Please move on to another trading room better suited for you. There will not be another response with you.
As a veteran inconsistent trader and member of many rooms in the past, I think maybe I have found a room I can stay in for years to come. I did a 3 day free trial then I paid for a month which I am 4 days into that first paid month but for this small time period of 7 days trader is clear on his calls and mentions many times that some traders front run his entries and profit exits by a tic. This will assure you of being in every trade that is counted. It then all comes down to contract and money management. How many contracts do I trade, when do I take profit, etc. Trader does give suggestions but you do need to figure that out based on your account size, emotions, etc. The lines and boxes on the chart are hard to see an exact price so It would be nice if trader had a place where the trades could be written so I have a place to reference when I forget what he said about an entry or stop cause things do move too fast to ask sometimes but I understand screen space is limited so I try to listen closely and note stuff down.
In summary I am impressed with Viewmytrades early on and personally I do not care whether he trades or not, the bottom line is honesty and can I make money following and so far the answer to both are yes!
I was a member of VMT a few years ago, only for a month as I quickly decided that it was not for me.
I am a doctor working nights so I was able to attend most days though not every day.
My issues were a complete disengagement between the published results and what actually happened (whether you got filled or not if a level was tapped for a nanosecond). Any real trader knows you cannot trade like that. You do not trade IN THEORY. Yo trade in practice. Does not need to be live account, I would be happy with SIM. But it HAS to be trading not talking about it. This can literally mean the difference between a success and an account being blown away.
I talked to Tom before joining, nice enough guy. In those days I was a very inexperienced trade and whatever the excuse was for not actually showing the DOM or chart trader, I bought it. I would never do so now.
Tom needs to show live trades on DOM or chart trader (live or SIM) and then statements that match the results obtained live. This will reduce the success rate ( that at present only takes into account the best possible scenario) but will add the credibility. If the room is still profitable, Tom will have a winner. No one will question anything else. It is not Tom’s problem that someone did not put a trade on quickly enough or pressed the wrong button. He cannot be responsible for any individual. But he is responsible for showing that his own trade room is REAL. That what is claimed really happened.
Let us remember that people pay these rooms to really trade. To MAKE MONEY. That is the point. Because the income from the membership is risk-free for the owner, his duty is to ensure he has done all in his power to increase transparency for his paying members.
Hi Nadina,
I remember you from a long time ago with View My Trades. First off a lot has changed since then and second if memory serves correct you were in our trade room for a very amount of time. A few comments to address your past concerns. Are results are absolutely achievable. We have members with us for many years. We did change how we calculate points. nothing is counted to the tick and everything takes into one tick of slippage. We altered are entry and exit points a bit to try and not squeeze everything out of trade and allow for price to clearly probe though our strike points by at least 2 ticks. I think you would find our room very much improved and contrary to what people have said we do not count the “very best scenario” on our trade set-ups that is on the bounce points and we state if a trade can get 30% or so of that total that is the goal. Example the bounce points as of late have been averaging close to 100 points per month would comes to around 30 points or so…very doable. I hope to you come by for another free trial. Thanks Tommy.
There is talk about showing the DOM….i agree that is not needed and DOES take up chart space. However showing simply the CHART TRADER is the BEST option because i will not take up space! Tommy, can/will you show the chart trader?
We are working on some changes for this year and showing the trades on the charts is one thing we are considering. Thanks
I have subscribed to VMT twice in the past. I will say that the results posted are 100% accurate. Yes they give you best case scenario but they are honest and upfront about it and they have never claimed anything that didn’t happen, in fact I would say their results are actually better than what they report because if there is any doubt they won’t take credit for a winner and will take the blame for a loser. I like Tommy, his customer service is a 10 and his honesty is a 10. I have joined 5 different rooms, one of which is owned by my best friend and I will tell you that VMT result are accurate. I am more of an options trader and just don’t have the appetite for futures. I also joined them both times at a funky time so I quit but if my appetite changes I would definitely give them another try. To be honest the only thing about VMT that bothers me is the only information you get about Tommy is his first name. We the users have to give first and last names, credit card numbers, addresses etc, it would be reassuring to know who we were giving it to.
One last thing, these sites have legal restrictions as far as investment advice so NONE of then will show you their live real money DOM or claim they are trading real money, it’s “for entertainment” to get around SEC rules but even if they don’t trade their own money it shouldn’t matter if the results are acceptable to you.
Andy M
The whole thing with not being able to show live results is pure bunk. Whenever a vendor claims that they cannot show real results….run away quickly. This excuse is truly the last desperate refuge of a cornered trading scoundrel. WatchHimTrade.com shows his account statements, so does B12Trader.com, and a whole list of reputable vendors. Heck go to collective2.com and you will find hundreds of vendors showing live results.
The only time its illegal to show live results is when you are soliciting to trade someone else’s money. Or start an investment fund.
Fair enough. I will say that when I looked into these services everyone I spoke to had the same reason for not showing their DOM and not showing their actual live trading screen. I was skeptical of their reasons so I tried to look out up, I saw where they feared showing them as the language was very open to interpretation. I have no affiliation to VMT, I even clearly state that I am no longer a customer but I think being fair in a review is important.
Just to clarify further, I never mentioned statements, just the DOM.
Thanks for the comment Andy. Actually, I have had a few conversations with Tommy. A nice enough person. I offered to redraft the review, remove some language, and improve the score…but I am only asking that he show a trading DOM inside of the room. He can trade simulated, thats OK with me. As long as I have something where I can track performance, even in sim mode. If his simulated DOM matches his published results, then he gets a great review with a high rating. And a high rating makes these vendors a ton of money. But he refuses to budge. What else can I do?
The problem is Emmett, you promised to rewrite a review regardless of the whole DOM issue. You said and I quote, “I will redo the review based on the overwhelming user feedback VMT’s has gotten. It will be a 3 star review and largely based on user rating, but I will still state you do not show your DOM.” You promised to get rid of a lot of the unprofessional sarcastic junk that you know I feel is totally inaccurate. That is what you said about a year ago now and I am still waiting for that revision. You have not done what you said you would and have now based any rewrite 100% on showing a trading DOM which was not what you told me nor what I agreed to. With all the user response her which is mostly very good, you are way off base giving us 1.5 stars. Tommy
Emmett,
I know this is a bit off topic, but that link to Collective2.com is golden. It clearly demonstrates 2 of the things I tell traders until I am blue in face. First their expectant return on investment is unrealistic and second that the higher the return, the greater the risk. Sadly most do not get it but maybe that chart will help some see the light.
First you know the results they are showing are the best of the best. They are not going to show the average results and certainly not the worst results. And I am not even sure if these results are obtained with live trading. So remember you are looking at the results from the best traders. Below is the 1st 5 traders:
http://screencast.com/t/ZEW5Iixf0
The 1st trader results I think is realistic. They go all the way back to 2011. You notice he has an annualized 36% return with a 38% drawdown. There are traders out there that think they are going to make a living on a $5,000 account. So at 36% return you will be living off $1,800. You better sell the house and buy a tent. You are not going to make a living off a $5K, $10k, $25K, or $50K account. That is how the real world works.
Now you notice the 2nd trader has a 261% Return, but suffered a 47% draw down. The question here is after you blow almost half you account are you really going to be able to take that next trade?
Now you might notice the last trader with a 185% return with a 17.4% draw down. Ah, but that account is only since Dec 2015. The longer your account the harder it is to make this type of return. I am one of the 5% profitable day trader out there and I am telling you I would die to get that type of result.
The result that comes closes to what I shoot for is actually on the 2nd page as shown here:
http://screencast.com/t/fzy45YEo
See the last result on that page. 22.3% return since 2012 with a 11.3% drawdown. I know nothing about that person, but he is who I want to emulate. Sadly most traders want to emulate the person making the highest return and that is why they end up losing money.
I love collective2. They have been around for awhile and I have a lot of respect for the developer. Both Collective2 and myself are all to aware of how difficult it is find good public products.
I own a small businesses and honest reviews matter, I wanted to clarify something in my post, VMT only reports best results from entry to absolute top of the trade for bounce point trades. They use actual results including scaling, lot size and clearly given exit points for the live trade room.
Yes, very true on both comments Andy and thanks for clarifying that. Many people who read a review that is not detailed and just states overall we do this or that, does not shed light on the fact we have 3 distinct strategies, the live trade set-ups, the bounce points and the email alerts. Your honesty and thorough reviews are appreciated. Tommy
I’ve tried many different trade rooms over the last five years and i always end up leaving, mainly due to bad calls or the orator letting you know how much money they just made after the fact. I’ve been a member with View My Trades now for just one month, but already i know that this is going to be where i stay. Tommy let’s you know well ahead of time what he believes is going to happen and exactly where he enters and scales. It’s entirely up to you if you want to follow, but more importantly Tommy explains why the market moves the way it does and why sometimes it doesn’t. I highly recommend VMT.
I’ve tried many different trade rooms over the last five years and i always end up leaving, mainly due to bad calls or the orator letting you know how much money they just made after the fact. I’ve been a member with View My Trades now for just one month, but already i know that this is going to be where i stay. Tommy let’s you know well ahead of time what he believes is going to happen and exactly where he enters and scales. It’s entirely up to you if you want to follow, but more importantly Tommy explains why the market moves the way it does and why sometimes it doesn’t. I highly recommend VMT
After trying several day trading systems, I finally found one I really like . Easy to follow instructions – high percentage of winning trades – and with very small risks.
Thanks Tommy, great job!
Fred
Thanks Fred your comments are appreciated. We had another great week. Tommy
Tommy
I suspect you read these comments regularly, so I am asking you a direct question that I would appreciate an answer to;
You state very clearly on your website that you (VMT) demonstrate “absolute honesty and integrity in every aspect of how we run our business”. I do think you do a lot of things right and I applaud you for it. BUT – why don’t you trade directly on the charts or use / show a DOM when trading? I don’t care if it is a Sim or real account I just want the added clarity that this brings to the calls and confidence that I am paying for a bona fide service. I just don’t understand why if there is nothing to hide you would not do this. I look forward to your response.
George,
We were very surprised to hear you give us some deserved praise after your previous multiple negative reviews above. To answer your question; There are few reasons for not showing the DOM. First no one dictates to us how we run our business. Second we feel like showing more charts and using up less space for a DOM provides more visual and educational information for the user. We also have the bounce points, email alerts and trade set-ups which makes it impossible to show all trade executions on a DOM. Doing it for some entries and not others would thoroughly confuse some people and I have explained this to Emmett the creator of this blog. Lastly and most importantly we do show are colored lines showing the clear entry, stop and exits on all trades in real time before they happen so it is crystal clear for everyone watching us. We are considering ways to change this and perhaps show the DOM or trades on the charts if we change our trading model, but that has not happened at this time. As we said, none of this matters of course because everything we do is called out verbally and marked visually on the charts before it happens and every user can easily follow. Contrary to what you have said or Emmett, we do deduct 1 tick for slippage on entries and exits where applicable and we also created a long in depth welcome video on our home page explaining every aspect of what we do and how we count our points. Our services are the best they have ever been and yes the results our honest, straight forward and consistent. Of course Emmett has failed to rewrite the review which he has promised he would do with a 3 star rating. That rating is far too low in our opinion. Emmett has promised to rewrite this review for over 7 months now and just does not follow through with what he says he will do. Thanks, Tommy.
Tommy
Thanks for your reply. I appreciate you taking the time to respond to my query. Just for clarity’s sake, I am a different George to the one who has previously posted above. Best regards George (II)
Haha, thought your were the same guy. My apologies. Do come check us out for a free trial. Thanks for your interest. Tommy
View My Trades offers a very nice service. For the life of me I cannot understand how a few people and namely the blogger Emmett can say what they have said. Patently false. All calls are before they happen and they are clear. The pages and pages of results are accurate and in some cases very conservative as to what could have been a more profitable day on any given day. Funny how View My Trades gets a 1.5 star rating from this website and gets just about all 5 stars, including 5 stars me, from those people that actually pay for and use their services. View my Trades is better than 99.9% our what is out there. take that to the bank along with your profits from their trading room!
Thanks for writing this nice review. My only gripe is the lack of a DOM.
Hi Emmett,
This is the owner of View My Trades here….
Emmett as you just stated in your response to Daniel on 9/9/15….”your only gripe is the lack of a DOM” ….why don’t you you rewrite a fair review for us stating that is your ONLY gripe. Why don’t you remove the terribly unfair review you wrote which is largely inaccurate and highly misleading. The readers of this blog have no idea that you promised me numerous times in mid 2014 that you were going to rewrite your initial review based on the overwhelming support the day trading community has shown here. You also stated you would change your rating to 3 stars from your initial 1.5 stars which was your sole opinion. In our opinion the 3 stars is still too low based on the fact we get a 5 star rating from nearly all the people that are actually clients of ours. I emailed you saying there is noting worse than someone that promises to do something and then doesn’t and that is precisely what you did. I have been professional and fair in all communication with you and am very frustrated you did not follow through with your promises. Let’s see if you have the integrity to post this on your blog and if you will in fact do what you said which was to rewrite our review fairly and give a rating of 3. I also ask you provide the user rating of 5 which does NOT show in the google search. Let’s see what happens.
Ok, I will do a new review. But you need to show the DOM. That is only fair to the audience. I have had this same conversation with many other vendors, and just about everyone has made the change. You are holding out, and I just dont understand why. Just put a DOM up and do your best!
I’m definitely going to check it VMT out now! Looks like a quality room which one CAN follow along with trades. Will see after a trial.
I spent at least an hour reading the initial review from the person running this website and they additional comments and opinions. I was glad to see most people didn’t agree with the initial negative review which started a firestorm of comments defending the exceptional website Viewmytrades.com and I will add to those defending them. They do a damn fine job. They are the most transparent and calssy trade room and online educator I have seen. How anyone can say they are anything but is pure and simple a lie. They tell it like it is, they records results that are accurate and in most cases under perform what can be achieved. Anyone that says they cannot make money or follow what they do is either a complete moron or a liar and neither is good. If you sense some anger is this review it is so. I am shocked by what couple wrote and how disingenuous and dishonest those reviews are. There are some bad people in the world that take joy in smearing good companies for no reason based in in reality. My personal experiences with Viewmytrades.com have been exceptional 3 steps above all the other online trading rooms I have experienced. Tommy the guy that runs the room and does the training personally taught me the morning bias. He was an excellent trader and teacher and showed experience and patience. What ha taught me works just about everyday. I make money and so do most people with any reasonable amount of grey matter between their ears. They are excellent, they are for real and they are good people and anything written on this website short of those accolades is not accurate. Fact.
OK Terry! My lord.
Everyone, it’s me again. I noticed I had 1 STAR for viewmytrades from my June 17th post. In my book, they are a 5 STAR! thanks bryan
Bryan thanks for clarifying your 5 stars in the review.
View My Trades
PS: I looked at the web site. I don’t know, I don’t want to slam the review, but I’ve got a sneaking suspicion this guy’s legit. We all know what the bad sites look like, but this one?
First and foremost, he doesn’t demand your email address. You cannot survive as a snakeoil salesman without a huge email list. This is a very big tell. That’s how the business works.
No assertions you can make money consistently
No assertions you won’t lose money
No claims you’ll get rich quick
No ridiculous claims you can live off a small account
Not one pretty girl (gotta fix that)
No pictures of the beach
No pictures of gold bars, mansions, or Rolex watches.
No mention of immediacy: “Limited time only”
No mention of scarcity: “we are only selling x copies, so you’d better move fast”
No assertions of exclusivity: “Our very selective club is only available to xyz”
Nothing building anticipation: “Only 17 days until Hydra is released”
No overpromising.
No name dropping or pictures of the trader with Obama or George Bush
What, no baby Jesus? Where’s the references to religion?
Tommy doesn’t have a silly title like Dr. so and so.
No links to known scam artists/scam sites.
No links to Amazon. How do you sell snake oil if you don’t get traffic from the world’s most important search engine to reach people ready to buy?
THE HOME PAGE IS EMPTY? Where’s the snake oil and hard sell? Where are the ads? The whole right side of the page is empty.
This guy has to be for real or else he’s the worst snake oil salesman in history. I’m going to tell the Mrs. to test drive the site, she scalps the ES.
Oops, I assumed the allegation of using simulator was true, well I’m not reading this whole thread over, it’s too long. LOL
Simulators: Not to be an appologist, but in 1000 dogfights, who is going to fight better, the guy in the cockpit or the guy flying against him in a drone? I’d say the guy flying the drone is going to fly proficiently because he’s not under the same stress. Now that I think of it, leading your trading room with a simulator is a type of edge, provided you could devise some sort of instrument to keep an eye on slippage and fills.
Thanks for a great discussion.
1. If I hold myself out as a cardiac surgeon, and you survive my bypass operation, something transpired that was wrong. Whether or not the customers are making money misses the point, they should be told the truth, and this can be a good thing. Back to this later.
2. Making the customer the most money: If the methodology used in the trade room works, and generates money for the customers, that’s great. But if I can’t teach as effectively using a live account, the proper thing for me to do is tell them why. The customers are paying for clarity of thought and efficiency of execution and live trading will never measure up to a simulator in both these departments, so of course the guy calling out the trades should not have a live account up and skin in the game, his judgement will be clouded and his product won’t be as effective in making paying customers money. The issue is to tell the customers that fact, and hope they have the intelligence to understand why.
3. Product safety: If this makes money, that’s great moving forward, but let’s look back first. If Tommy doesn’t personnaly trade it, and assuming this system makes money now, who was it tested, on the consumer? That’s what the FDA does, and it hasn’t worked out well for most of America. (He MUST have traded it successfully if it works now.)
Overall, a very good review. I have read all the arguments, and suspect Tommy just needs to make a few adjustments, like how he posts his results. My take away is, assuming what he does makes money now, logic tells me if Tommy couldn’t trade it profitably himself, there’s no frigging way it would mysteriously morph into a money manker in the trade room. If I were him, I’d just tell everyone I use a simulator because it works better for calling out trades, that’s the obvious truth anyway.
I’d have to disagree with Emmett on the point of “having skin in the game” is of great importance. I believe the opposite in fact. If the guy calling out the trade front runs it each time my price point will in theory be negatively effected. Secondly, I don’t necessarily want my football coach to be a player as well as the guy calling the plays. Cool headed decisions based on data not emotion often make for the best environment to make a tough call. I never encountered a problem with VMT relative to honesty and integrity. In the old days when I was just starting out I got burned several times by trade room scams. Now I am careful regarding false promises by any traders/investors/CNBC etc. Tommy has always been up front with what the trade room is trying to accomplish. I honestly don’t see what you claim to see. I have consistently made money with VMT. It hasn’t always been stess free but that’s trading.
Emmett,
I’ve read many of your trade room reviews and i believe you are providing a service that many of us need. Thank you.
That being said… Having been in viewmytrades trade room for almost 2 years, i do think it’s hard to judge him in only a few short days.
i do believe there are a few things Tommy could improve upon to make this a great trade room, but there are a many things that make him different than any other room I’ve belonged to in the past.
For starters… 1) He’s honest, this is rare as you know. 2) Stats don’t lie. It’s a fact you aren’t going to get exactly what he does because of slippage, but it’s close. i don’t see any other trade room providing results like he does. 3) He does follow trading rules and he sticks to them. Gut feelings are not involved in the trades.
If there is one big negative, his trading room is only open in the morning.
Emmett, Thanks again for your work, but i just wanted to add my 2 cents.
Take care, bryan
This is too funny, after my comment, when he was unsuccessful at intimidating me with legal threats via email, if i did not take down my comment, he apparently asked anyone in his room to come here and write a good review. I wondered why the harassing emails stopped.
Didn’t work very good either, only 1 guy showed up.
Please see our response to George’s initial review above.
Thank you,
View My Trades
Please see our response to George’s initial review above.
Thank you,
View My Trades
I have had a chance to review the reviews here and I will offer my opinion here now.
Emmett, I suggest you trade another vehicle other then spoos or ES.
You have no clue what the heck your talking about dude.
I have extensive training in several methodologies on trading futures on the S&P 500.
I also have been part of really bad trade room and really good trade rooms.
I have been a subscriber to ViewMyTrades for several years now and:
I personally trade the Bounce Points.
ViewMyTrades trade room is exceptional.
The results are exceptional.
The EXECUTION is up to the person between the keyboard and chair.
Futures are exceptionally fast and unless one front runs entries yes you will be left on sidelines sometimes but the bad reviews here are missing the point here all together.
You WILL NEVER obtain exact duplication of Bounce Points as these are areas based on certain criteria (THAT YOU CAN PAY TO LEARN BY THE WAY) that the futures market should have a reaction (BOUNCE). Once a Bounce Point area is called out the trader if he or she is a good trader will front run a contract(s) (scale in area) then (scale in) at the back end which gives the trader a reasonable entry level as it pertains to the called out Bounce Point. If the trade fails then yes your out the PREDETERMINED risk set by the individual trader. However, when the trade moves positive then the trader should scale out quickly moving your risk to break even as soon as possible and have a professional top line brokerage service platform that can be used to move stops and targets effectively.
What any successful trader should target on called out Bounce Points is 30% to 40% to as high as 50% of what the actual results recorded.
Since I have been a subscriber to ViewMyTrades I have developed a stat sheet for my own personal use that I use for trading the Bounce Points.
The winning percentage as of Friday May 29, 2015 is running 85%.(KEEP IN MIND I HAVE ONLY BEEN A SUBSCRIBER SINCE NOV/2013)
I also have the stats for every bounce point but those stats are for my use only and I will not divulge what I record each day for some morons personal opinion regarding a trade room.
All I will tell you is the Bounce Points are running 85%…PERIOD
Do the math folks and if your a good trader with all the right tools then its IMPOSSIBLE to lose money over time trading the Bounce Points….PERIOD
By the way I could give a damn whether a moderator is trading the signals or not. Who cares. The signals are running 85% and if you do the math and effectively manage the trades and obtain the minimum results then the profitability of ViewMyTrades Bounce Points are Exceptional.
My suggestion is to decide first of all if futures trading is for you. It is NOT for everyone. Then take a free trial to ViewMyTrades.
Give yourself a few weeks on sim mode to gather confidence in how they work.
Then put your money to use responsibly and shoot for what I shoot for target wise as to total bounce point profits of 30% to 40% on a consistent basis. Does it matter if you get only 25% on average? No because if one does the math and achieves 25% of all bounce points and your running at a 85% success rate then what can you complain about?
The service is very reasonably priced as well.
Emmett has his opinions as do all the others listed within this thread as do I.
All I can say is the ViewMyTrades Bounce Points are a total 5 out of 5 star success and hope anyone reading this thread of opinions take the opportunity to take a free trial and see for yourself over time how effective ViewMyTrades trade room can help you succeed in your futures trading.
Typo on date folks…Stats thru May 22,2015 NOT May 29,2015 are 85%
Sorry for typo on date in original post
Alrighty then. The mob has clearly spoken. The pitchforks and torches have been chasing me for weeks on this review. I will do another review.
Rich has been with us for 2 years. He exclusively trades the Bounce Points which is what George’s negative and inaccurate review above covered. He has had solid and continued success with them which mirrors very closely to what we state on our website. He is a perfect example of an experienced trader that puts in the time and does his homework and found a way to benefit greatly from the bounce points. The bounce points are not the trade set-ups and not for everyone. We are not perfect at View My Trades and we do have losing days and very candidly cover every losing trade every day. We do not just talk about and focus on our winners. The simple fact is win a whole lot more than we lose and provide value to our members. Thanks Rich for your review and continued support.
View My Trades
I read the review written above. I believe your review is heartfelt, but my experience differs. I’ve read there is no “holy grail” of trading, I my experience confirms the same. I’ve been trading with Tom for a year or so. Whether he trades his own my or not, I have no idea nor do I care. I only care about the results I get. I have made money. Yes it’s true that I don’t always get filled and I miss some trades- that’s the way it goes. There are losses-that’s the way it goes, but again, I’ve made money. The reporting of his results are accurate from the trades I have seen him call, losses and all. He calls the trades clearly and sometimes things change quickly–again, that’s live trading. I can only comment on my experience, and that’s as honest as I can be,
Thanks Fred your feedback is appreciated.
View My Trades
As a former VMT customer, I believe your reviews are spot on. The moderator has had no problem admitting to me that it is physically IMPOSSIBLE, not un likely, not hard, but in his own words “Impossible” to replicate. This is due to the fact that A. Entering a trade usually requires either a 1 tick probe, or a long stall at the entry price. He calls a trade triggered if if simply taps the entry point for a nano second. B. His results show the total market movement, not where anyone could enter and/or exit a trade. For example. he says enter long between 2001.25 and 2000.25. It taps 2001.25, and goes up 1 point. While a trader has not even been entered into the trade, and even he has not “exited” (which is not him exiting as he does not trade, but rather, when ever the market stops going his way) he has now gotten a point of profit for his results page.
5 minutes down the line, showing a point or 2 profit on a trade that no one could have entered, say the market turns against you, and goes down a point. Showing 1 point of profit now right?
WRONG.
His results magically give him credit for the entire market move, down to the tick. Never mind the fact that it is impossible to know when to get out, or where.
At this point 1 of 2 things will happen. the market will go up, or down. If it goes against him, he just counts the 2 points that it hit in that nano second as if he was able to get in, and out in the impossible to do spots. If he gets lucky and it goes in his favor, he just continues to count it until he feels, and i’ll quote, “the average trader might have gotten taken out here” To use a quote he uses to describe the market any time he loses, his system is “complete and utter un trade able garbage” Which brings me to my next point. This guy is wayyyy to emotional. I have witnessed many rants that Included words that made me mute the computer when my kids come into my office to tell me good morning. Also, any time I have seen him criticised his response is usually “well, you know, who are you to tell me, im the mighty powerful expert here, rarr rarr” obviously that is not exactly what he says, but you get the point. On a side note, I did witness and record atleast 2 seperate ocasions where he said a trade was done/finished, than a minute later say it was still a live trade because it was suddenly winning. Also, on a much more common occourance, he would call a trade, than seconds after it got triggered take it away and cancel it. He just erases the blue box he draws, while us trading have to lose money.
Great work on there reviews man.
take a look at http://www.trading4change.com/
I lost 20k on that system back when it was called Make Your Future
These guys actually hosted a trading room and not only showed winning results when the room was losing, But they even scammed thier own employees. The guy talking in the room, and the guy trading were two different people, but long story short, they traded a live account using the talking persons money, lost all thier money in thier account, than fired them without telling them by just starting a new room with new people, and never even paid him.
God I could go on for hours.
Atleast Rios looks good so far.
Before we address George’s review there are a few things that anyone reading this should know up front. George took a free trial before investing a penny. He was very happy with his free trial as evidenced in his email below. Once becoming a member he almost always showed up late and left early from our trade rooms. He was in our trade room for an average of 42 minutes the days he was present. He missed many days altogether, so he does not have a full picture of what we do. We know all of these stats because we have to the minute reports of every attendee for our webinar company and we pulled those reports. He also never received any training from us. He was very happy as a member and again is evidenced by his email below. Here are the 2 very positive emails we mentioned he sent to View My Trades praising our services and these are word for word exact quotes. Keep in mind we did not include things in the email that had nothing to do with trading, but these are unedited exact clips from his 2 emails;
Email sent to us by George on December 14, 2015 ( after his free trial )
“….of all the trading rooms I have been in, your appears to be the most professional, clear and concise. Also, you seem to have a way of keeping my attention without filling in the empty time with a bunch of gossip and B.S. and I definitely respect that. I intend to finish the year trading how I do now and some time in January I will be joining VMT with a 3 month package. Thank you for allowing me the opportunity to see your product live and in action, another thing no one else offers as a trial to my knowledge.”
Email sent to us by George on March 25, 2015 ( after being a member )
“….I have a great amount of respect for you and your knowledge of the market and plan on doing a lot of training with you in the future. I would definitely like to learn how to manage stop losses better for starters and I also intend to buy the the training with you in the future….he signed the email”with much respect, George”
2 trading days after this email was sent to us he cancelled his service. We asked why and he never responded until he wrote this review on May 18, 2015. We then had a long string of emails back and forth and we asked why he would write such a terrible review after having written a praising email a few days prior. He claimed he did not have the heart to turn us down, yet somehow writing a terrible misleading review is OK. It of course makes no sense,
For any prospective VMT customer please read this entire review as it is long, but it addresses all of the inaccuracies of what George wrote. We will address each of his points with facts and try to keep things professional. Just so everyone knows George’s entire review is in regards to our Bounce Points which he fails to state. That misleads anyone reading his review to believe we operate our specific trade set-ups the same way we call out the bounce points. They are two very different systems with very different rules. Our trade set-ups walk through every aspect of the trade. The exact stop, the exact entries, the exact scale out points and profit areas and even how we trail our stop tick by tick. The trade set-ups are duplicated every day by our members. They are for the newer trader that needs help such as George. The bounce points are for the more seasoned trader that needs to know the entry zone and stop and then manages that trade somewhat by themselves. We make suggestions of where to take profits also. George mentions none of that in his review. He fails to mention that our systems are strictly rule based because he either does not know the rules or chooses to leave them out of his review and neither is fair to us. Now lets give you some facts in regards to what he wrote.
1. George states we told him it is impossible to replicate our results. He claims we count the results to the best possible scenario making it impossible to know when to get out. He states we give a one point entry range for our members watching. He states we take credit for the best possible result and that we do not trade.
FACT #1 – Our specific trade set-ups are replicated every day by our members. Keep in mind his review was about our bounce points. The bounce points have a 3 tick entry box not 4 ticks as he states. We suggest all traders enter on a staggered entry, but they can do what they wish. The stop is always 3 ticks behind the box which is very tight. We suggest where to take profits on the bounce points as well so it is false we do not disclose exit points, they are just not as specific as the trade set-ups. If the 3 tick entry zone gets probed a full point for example, we still only count the points from the start of the box which actually lowers our points. We told George and we clearly state on our website the goal of the bounce points is to get a portion of the total move as you scale out and manage your stop. The bounce points generate about 75 points per month on average. If you can grab say 30% – 40% of that per month that would be 20 – 30 points or more per month and that is very doable. We told George to take only the specific trade set-ups until he was comfortable learning and watching the bounce points. George told us he wanted to get bounce point training but he never did. We have nearly a decade of real live futures day trading experience and been trading in general and investing since 1987. We clearly state on our website we do not take every trade set-up we call out. We do trade, but in some cases our desire for taking a trade may be different than that of our numerous members so we call out everything we feel is valid. George knows nothing about us or our background yet states thing as fact.
2. George states every time we lose we use the excuse “this market is complete and utter un-trade-able garbage.” He states we are way too emotional and we rant with words that cause him to mute his computer in front of his kids. He claims we are arrogant and have an attitude of who is he to question us.
FACT #2 – We say occasionally when the market chops and grinds that is not trade-able, or the movement is garbage. We do not say this every day and we do not make any excuses. Anyone that has watched our over 500 videos on YouTube knows we beat ourselves up very nicely when we have down days. We make comments that reflect what is happening in the markets. Not sure why that would bother him. We are not emotional traders and we do not rant. We provide professional on point commentary 99% of the time. It’s ironic because George praised our market commentary in the email shown above then criticizes the same thing in his review here. There was one instance that caused all of this with George. On March 25, 2015 the market was tough to call for us and it was one of those frustrating rare days and we said the following, “the market movement today is shit guys.” George took great offense to that and texted us to stop swearing in front of his daughters during the trade room. We said it one time and did not swear again and sent George an email that day addressing it. George also commented other times in our trade room about how we addressed another free trial guest to please keep his comments on trading and not on sports. George felt we were rude to that person and again texted us during the room. Yes it was irritating for George, a new member, to be advising us on how we need to communicate, but of course we kept things professional as we always do. We are never arrogant and in fact quite humble in our communication. Just listen to any one of the 500+ videos on YouTube and you be the judge on our supposed attitude as George claims. This situation of offending his daughter with a bad word is, in our opinion, the real reason why George quit View My Trades. It was just 2 trading days later that he left and never came back, yet he praised our “knowledge of the markets” 2 days before he quit. We never heard from him again until he wrote his scathing false review.
3. George states in his review he has witnessed AND RECORDED on 2 separate occasions we had losing trades and then just erased them. Also that we had trades that lost and we exited then said we were still in the trade after they went in our direction. This is an outright lie and outrageous.
FACT 3# – George crossed the integrity line in his review and this part is the most egregious. We NEVER do any of that, it has never happened and it will never happen.
We record every single webinar start to finish and have all of them stored on our cloud. We asked George in email to simply email his recording he stated he had and we will post it ourselves if it is true. He said the file was too big and he did not have time to find it. We then emailed again and asked him to simply provide the day and time it took place and we would find it and email him the recording ourselves and he could post that clip to prove he correct and we are scammers. George then emailed us saying it did not matter whether he recorded it or not, it did not matter whether the Pope saw it or he saw it does not matter because it happened. The fact is George got caught lying we called him out and now he changes his story. We do not mind free speech and we do not mind honest criticism. We welcome that so we can improve and get better, but when you simply fabricate things for some apparent personal reason that is 100% unacceptable. George has said so many conflicting things in email to us we cannot count. We do expect George to respond and post more nonsense and we will NOT waste our time responding to him. If you are reading this and have any questions please reach out to us. Our contact information is clearly available at http://www.ViewMyTrades.com and we can talk. We will address any and all concerns and by all means take a free trial and see for yourself.
Thank you,
View My Trades
This is just too much. You have twisted the things I have said in our emails so much its funny. Your information is very innacurate as well. I dont know who you think I am, but I was there early enough to trade the email trade (well before the rooms open), and typically stayed until the ranting and raving started. And yes, it was just about every day. I can tell you all about your fathers health problems, and the trips you went on, and so on and so forth… why? because durring the month I was a member, it was all you talked about, that, and the un-tradable garbage. Honestly, after dealing with all the threats you have sent me via email if I did not remove this review, I really don’t want to point out every lie in your review. Suffice it to say that anyone with a brain will hopefully realize during your free trial that it is worthless, and impossible to replicate, as you told me. You still have fake results, and false advertising on your website. You still lie and say I was never there, when I in fact was not only there, but have back-tested every single bounce trade you have made in the last year and a half, and recorded all your results, plus the best results of multiple experienced traders attempting to replicate it. Simply the fact that you don’t account for the 1 tick probe necessary to enter and exit trades, makes your results inaccurate. For some reason in all your threatening emails, and even here, you refuse to address that point. In addition to that, there are many times that by the time you call out a trade, bounce point AND set-up trade, that it is too late to get in. This has nothing to do with my experience, doubling or tripling the years I have traded would not effect the speed at which you call out your trades. Bah, here I go wasting my time on you again. Anyone that wants the real deal on VMT, including video proof of thier lies, email me at steidellg@gmail.com
Now that they have posted thier lies on a public forum that they can not delete, I would be more than willing to share the proof I have. In fact, in a few days, I think I will compile thier BS and make a video review on youtube, including the inappropriate emails where they (they = him, its just 1 guy…) threaten me, and insult my family and the way I raise my children.
Again refer to our lengthy in depth response to George above. He is obsessed with us for some reason and just keeps coming back and writing more and keeps this going. Note how personal gets. We responded to George one time here and he has written 4 posts. This is now our second. We never insulted his family. What we did say in email was if he is so concerned about his daughter hearing the word “shit” once, he also ought to think about honesty and integrity and lead by example which is far more important. As for us threatening him we ask in a professional way via email for George to adjust or remove his review as it just not honest. We stated in email that while he has every right to post a negative as long as it was honest and he was not honest that part is not acceptable. We told him our law firm was reviewing what he wrote and they did. I will not get into why we chose to drop it as that is personal for George and a public blog is not an appropriate place for that kind of thing. Of course George brings my dad into it which is beyond evil. Anyone reading this please go to YouTube and watch the hundreds of recap videos, but more importantly watch the live trade set-ups recordings over the past 60 days or so, there are a lot of them. You can see exactly call things out in live trading environment and in a calm way and clear way. You will see when we calls things out and if there is time to follow us. Over 90% of the time yes you can, on occasion you may miss something and of course that is futures trading. You will see how we are NOT emotional and unprofessional as stated by George. Again free trials are always welcome. George of course will respond again and try and bait us, he apparently has endless hours to do this. We do not. Thank you.
I have many questions about the review posted by this website. I have been a member for almost a year of nearly every product offering from view my trades and all were very good. I have spent over 400 hours in the trading room they run and I do not find anything close to the negative claims from the author of this website? I ask how many hours did you spend in their trade room? When did you spend that time? Do you trade yourself or do you just spend all your time writing endless reviews of trade rooms when you in fact do not trade? How does that make you qualified to judge anything? I can attest that when they call out trades I almost always have ample time to execute my order and get filled either at the price stated or better since often times they take an entry more than one time. There is a tick or so of slippage once in a great while and of course that all has to do with how familiar a trader is with executing transactions from their trading DOM, their broker fill prices and whether they go with market or limit orders. There is so much of what you said I categorically disagree with and it’s your tone that is most bothersome as if you are the supreme judge of if a business is run well. I have gotten to know Tommy both personally and professionally as I live near his office and he has helped me tremendously. He is fine person and I do believe he does trade although never sat and looked over his shoulder. If he does or if he does not, I do not see the relevance when I am able to profit from his calls and trades. You make it seem as though he calls a trade 2 minutes after it executed leaving people in the room with no possible way to get filled and that is just NOT true. That is not the determining factor when judging if a business can help you make money. Do you ask a mutual fund manager or a stock broker if they personally take every position they suggest? I am pretty sure view my trades does just fine with the memberships they have and hopefully this wrong review of yours does not impact their business in a negative way as it is not deserved. I would give them more than 5 stars but that was your maximum ranking.
Dave,
Thanks for commenting. You obviously have a great admiration for your trading mentor. And I appreciate that. Let me attempt to respond to your reply, which I humbly believe to be flawed:
1. Are the Navy Seals trained by ex-Navy Seals? Or are they trained by a guy that watches a lot of action movies? If I were going to war, and trading is very much like going to war, I want training from the Navy Seal. In fact, I would make the bold assertion that my actual training from the Navy Seal to be of a greater quality that your training from the person watching action movies.
2. If you want to learn how to sky dive, you are given the choice of two instructors. As you are sitting in the airplane hanger, out walks a person with 5,000 confirmed jumps and 100% rate of survival, next out walk dear old Grandma. Sure, Grandma also has a excellent survival rate, she is really sweet and tender and always say’s nice things. But at this very moment, you need the person with the proven experience to get you through this scary experience.
And this is the fundamental problem with 99% of the trading educators on the internet, they are failed traders. They have lost their money. They cannot jump out of that plane and survive. They cannot go to war and survive. And so they decide to teach. And the teaching sounds good because they know just enough to sound competent, they sound smart and knowledgeable. But the knowledge that is being given to you is not enough to survive. In fact, if you follow the flawed advice of an unsuccessful trading guru, then you will fail at trading.
The bad news is that Tommy is not a successful trader. But he knows just enough so sound like he does know a lot about trading.
So what should you do? You should ask him the following question, “Tommy, do you trade?” And then he will reply “Dear Friend and Subscriber, of course I trade”. And then you should very kindly ask him to prove that he trades. Is this really so much to ask.
I personally like Tommy very much, he is a fun character to speak with. And I am not questioning how nice he is, or how much he really wants to help you or me. He does. But Dave, Tommy should not be giving trading advice to anyone until he learns how to trade profitable himself.
Thanks for the comments and I have a great deal of respect for you and your opinion.
One last comment…I would be more than happy to draft a new review for View My Trades. But only under one condition, that Tommy either trades from the charts, or displays a DOM. This way I have something that I can record and measure. As the room is currently managed, he uses words like “bounce points”, and “This looks like an excellent spot”. This type of room moderation leaves everything open to interpretation, imagination and differing opinion. This is the problem. So go and talk to Tommy, have him reach out to me. I will even give him the final edit before I post the new review. This is more than fair, wouldn’t you agree?
Emmett
Thanks Dave, what you wrote is very much appreciated.
View My Trades
I agree with Todd who posted earlier on View My Trades. View My Trades is very solid and I personally find a lot of value there. Their customer service and ethics are second to none, at least in dealing with me personally. I have been a member for over one year to both trade room, the email alerts which you get for free when part of the live room and I also signed for a day trading strategy. I was happy with all the membership options and have increased my trading account size which is something I probably would not have done on my own. The live trading room is live and probably 90% of the trades are called with ample time to mimic them. Yes I know what you are saying when he might jump into something saying, “I am in,” but that is rare and really does not bother me as most times it works out anyway. No trade room is perfect and most are downright awful. Tommy is a very nice person as you say, but I differ strongly if your description calling him a dreamer and comparing him to your alcoholic father. It seems highly inappropriate to me and probably most reading your review, that on a public website you are comparing someone you presumably do not know to your own personal family issues. I was really turned off by this review. Let’s see if this positive review I write of View My Trades makes it on to your website to counter the negative review you wrote. I have no idea View My Trades even knows this is up here, but they will now as I will tell them.
Hi Bethany,
Thanks for taking the time to comment. Tommy is a nice guy. It really pained me to write a bad review. But the truth is a hard thing, and the truth is that Tommy is trading on a simulator. But he expects you, the trader, to trade with real money. He wont trade with real money, because the truth is that deep down he does not believe in himself. This is painful stuff to write, but if Tommy wants to teach how to sky dive then he needs to be willing to jump out of the plane with us.
When you say, “no trading room is perfect”, this is a false argument and implies that you are willing to settle for something just OK. This is OK for picking a spouse, but a disaster for picking a trading room. Only pick a trading room where the moderator is willing to lead by example, someone trading on a live account, and that account is verified, and the members are making money. They exist! Dont settle for less.
Sorry if my family history makes you feel uncomfortable. If you really want to feel uncomfortable, then you should read the “Warning” page on my website, this goes into detail about me. My personal family issue is an issue that many also deal with, I find that talking openly and honestly about painful things to be a good thing, at least for me. There is a saying, we are only as sick as our secrets.
You should contact Tommy. He has read this review. In fact, if you were to Google either View My Trades, or View My Trades Review…you will find my review before you even find Tommy’s website.
There is a way back for Tommy. I have written bad reviews of other vendors before. And I always offer to remove the bad review and replace with a new and great review…but they need to start trading with a real account, they need to practice what they preach. My site has several such instances where I wrote a scathing review, then wrote a positive review…and the room moderators sales exploded with success! A positive can come from this, but Tommy needs to start trading with a real account, he needs to prove that his methods work in real time. Demand it from him Beth. You deserve better. Thanks for reading and I respect your opinion and hope you come back to visit, even if its just to complain or disagree.
I hate to say it, but Emmett is correct. Tommy is a real nice guy, but he needs to show the DOM and trade for real and not on a sim.
Bethany,
We thank you also for comments and feedback.
View My Trades
I think your review and rating is unfair to ViewMyTrades because you are setting the criteria for a good service on the premise that they have to trade their own trade setups. Who cares if they trade or not? The only question that should be answered is, “Does the service make you money?” And the answer is “yes” they make me money. And to be honest, I’d rather they not trade their own accounts because then they will have more interest and spend more time on making me money instead of making themselves money. I think at a minimum you should consider increasing the Quality rating since that should address the ability to make their customers money or not. I appreciate and respect your work and article, but I respectfully disagree with the premise that the service providers must trade or they get a horrible rating from you.
Valid point. Hey, if the signals work, and you are doing OK, then it works. And you should write about it.
You know, I do updated reviews. Why dont we do an updated review? I wont do it personally because I have so many rooms to review, and Tommy has not asked me too. However, whom better to write a new review than yourself? You dont need to write anything fancy, just a little story about yourself and your trading struggles, and then how you came into View My Trades, and then how its working for you. I will publish as a new review.
Okay that sounds good Emmett, thank you for the opportunity. I will do that for sure but I’m still trying various products with ViewMyTrades and would like just a little more time with them so I can do a good thorough well informed review. Is that okay with you? Or I can do it now and then add later?
Thanks,
Todd
I want to review ViewMyTrades (VMT) based on criteria that is important to me, and I feel to other traders. The primary purpose of trading services is to make its customers money. Then, sub-factors of that primary purpose come into play such as 1) Affordability, 2) Return on Investment, 3) Honesty of Provider, 4) Subjectivity of Indicators and Strategies and 5) Compatibility with various trading styles and platforms. Of VMT’s 9 service options, I have tried Option 1 Emini Live Trading Room, Option 2 Custom Proprietary Indicators, Option 3 Morning Bias, Option 6 Morning Email Alert Trade Set-ups and Option 8 Charting Service.
My background related to trading/investing is that I’ve been trading futures, forex and stocks for 9 years, I have a Master’s degree in finance, and spent 4 years in the US Army (significantly helps with discipline when trading). During that 9 years of trading I made a small fortune short selling during the market collapse a few years ago, and then lost about 70% of that fortune in the 12 months that followed. That roller coaster ride gave me the best trading education anyone can ever get and has allowed me to be in a position now where I make solid respectable gains consistently with minimal risk.
The following reviews VMT based on the criteria I previously established:
1) Affordability: This is relative of course, so each service needs to be weighed by what trading style and account size is being used. Crunching the numbers is key as you have to ensure you will trade large enough contract sizes and frequently win enough trades to make enough money to cover fees and still show a profit. However, VMT offers several 9 options with different pricing and various discounts. So the variety of services and pricing and discount options make it accessible to all trading account sizes. So I give this category 5 out of 5 stars.
2) Return on Investment: The Trading Room has been difficult for me to turn a profit, but this is based on my own trading style which isn’t as short term as Tom’s is, and the fact I work a 9-5 job and can’t sit throughout the whole 1 hour or so session every day. For those who can sit through his whole Trading Room session, trade very short term trades and scalps, and have multi-monitor high speed computing (good processor and lots of RAM), this is a good option and you can easily develop a style/strategy to consistently make a nice profit on top of the fees. The Proprietary Indicators I was only able to use for about 10 days since I ended up in NinjaTrader hell and got cut off from the charting service (I’m a Tradestation user). But in those 10 days I saw a lot of good potential with the ES. However, I did not see good potential with spot forex, mainly due to the spreads and the short term nature of the indicators’ setups. But for the ES, the indicators worked real well and were one of the best forward looking indicators I have ever seen. The Morning Bias was an excellent purchase. Virtually anyone can use it and make money off of it. The Email Alerts are probably the best as far as value, ease of use and return on investment. They have a lot of rules tied to them which must be followed, but they are very simple outside of that and produce very high probability trades that will easily get your money back plus a profit. The Charting Service I don’t believe offers a good return on investment. I like simple and clean charts, and a minimal quantity of charts, but Tom likes numerous charts with tons of trendlines and Fibonacci levels that makes the charts very cluttered. So for me, it doesn’t work, but for others who like Tom’s style of charting, it is a great shortcut to get key levels to watch for throughout each trading day. Overall, I would give return on investment potential for VMT 4.5 out of 5 stars.
3) Honesty of Provider: I have interacted with the owner, Tom, numerous times through email and a few times on the phone. Everything he has said has been 100% true as far as I can tell. I have no proof, or even a gut feeling, that anything he has told me is not the truth. As far as not trading himself, I could care less if he does, but he told me that he does trade. That’s fine, I believe him since I have no reason not to. And he is not obligated to provide his statements to anyone. Again, the key is whether or not VMT can make you money, not whether Tom trades and makes himself money. Additionally, he clearly states several times, and even in my email inquiries, that his posted results are of the full move of the trade and are impossible to mirror in their full potential. This is typical in trading services and understandable. You merely have to know the percentages, stop levels, and average or minimum profit potential and you can get a good piece of that move and make money. Nothing dishonest there. So, as far as honesty goes, it’s an easy 5 out of 5 star rating. Anyone who disagrees with Tom’s honesty should post solid proof of dishonesty, not gut feelings, or things you “interpret” as dishonest.
4) Subjectivity of Indicators and Strategies: this is a big one for me for trading services and indicators as I know there are a ton of slick salespeople that love to sell subjective services and indicators to traders. This way when people don’t make money on them the seller can just say they are not experienced enough and need more help trading. VMT does not do that intentionally for sure. However there is subjectivity involved in the Trading Room only when it comes to what trades to make and what position size to use. The setups themselves are not subjective and are clear a day. The Custom Indicators are a bit subjective but VMT developed them in a way that it’s pretty clear where and when to enter and exit trades. Tom told me through email that there is a little subjectivity in establishing the Bounce Points on your own, however I have not purchased that service so I can’t state specifics beyond that. The Email Alerts and Morning Bias are not subjective. Overall I give VMT a 4.5 out of 5 star rating for subjectivity in general, but compared to others in the industry VMT is a solid 5 star rating here.
5) Compatibility: Now here’s the one kink in the armor of VMT that is quite frustrating for me. I am a Tradestation user and have to stick with them as I am already invested in various custom indicators and semi-automated strategies. VMT’s Charting Service, Custom Indicators and therefore the Bounce Points service, all require NinjaTrader. If you have NinjaTrader already, or don’t mind paying for their software and datafeeds, then ignore this. But if not, like me, then you’ll find that the lack of compatibility with other platforms quite frustrating. I understand a lot of time and money and support is involved in developing indicators for a particular platform so it’s understandable. So for compatibility I still give them a 4 out of 5 star rating since most of their services do not require NinjaTrader.
Overall, VMT is an excellent service, and although not a perfect 5 star in every category, I don’t believe any service I have tried would even come close to these ratings I gave them. So relative to the industry, from my experience, VMT is top tier overall. Only one other service I know of comes close. VMT is not a get rich quick or Holy Grail service. You will not win 90% of trades and get every point posted in the results (Tom clearly states that at every opportunity). Your goal is to simply get a piece of that pie and make a profit through a sound trading plan. Get the data, crunch the numbers, develop a plan for each service, and get a solid piece of those posted results on the website.
Thanks for reading, and thanks to Emmett and his site here for giving me an opportunity to post this review.
Todd
Thanks Todd.
We appreciate your comments and honesty and thank you for your continued support.
View My Trades
When you have no skin in the game, things change DRASTICALLY. My first futures account was a paper trading account with TOS, and I took the 100k in paper money and turned it into 350k in about 3 months. Try doing that in real life with real money at risk, it is MUCH harder. Calling out trades that you don’t take is paper trading, nothing more
Unfortunately 99% not trade in real not transparent
….
Did you find this review helpful? Yes No
Emmett
Many thanks for this review – albeit it makes tough reading. I feel like the kid who has just found out Santa is not real! I have been a long term regular viewer of Viewmytrades videos on youtube and have always liked the open transparent of calling trades and well kept performance record, albeit always had an issue I couldn’t quite put my finger on with the bounce points. I never got further into the room that a free trial but as you describe so well, I had the exact feeling that if my trading career hit the buffers I could retreat into the room, copy the trades and all would come good!
Does your revelation that he doesn’t trade immediately thrust him into the ranks of the worst sinners? I’m not too sure. The clarity of the calls still impresses me and the performance records are still largely worthy. Its just that without having any skin in the game – the whole thing feels like a big con trick ; people are sweating over their own P&L whilst Tommy just sails on with the 1000s generated in fees.. Its all a bit sad really.
On a separate note – have you ever come across daytradewarrior in the stocks world? Maybe worth a look; they seem pretty good from first sight.
PS – I love your site and am most grateful for taking the good Dr Dean’s work to another level of investigation.
Hi Joe,
Thanks for taking the time to write, it means a lot. Tommy is not really a sinner. He is a dreamer. And he is a really nice guy. It really pained me to write the review as I really betrayed his trust. After I found out that he was not trading a live account, I even offered to give him access to a small portion of my account, so that he could be truly honest with his audience and more importantly himself. I truly believe that he could be a very good trader. But he has to get into the game, just like the rest of us.
Nothing would make me happier than to take the negative review down and rewrite a positive review. Surely my review is hurting his business, the review continues to move higher in the search rankings and at some point is going to suffocate his traffic. I am hoping to force him into trading a real account. In the end, it might be the best thing to happen to him.
Do I rewrite reviews? Absolutely. I rewrote CFRN after we got account statements. Yesterday I took down a really negative review on Real Life Trading, the owner sent me account statements and I am doing new recordings now. The goal is more transparency.
Regarding Day Trade Warrior. Am in the middle of reviewing now. I wont reveal too much, but we were not able to replicate the intraday because he moves too quickly. And no DOM is present on screen, so I am trying to force him into DOM placement. The swing trades, I will be writing about that as more results are verified. Still trying to verify everything, sometimes things can get complicated. For instance, with stock scalping you have latency issues. A trader in New York, close to the datacenter is going to get better fills than a trader in Brazil. Some types of short term scalping is not going to work depending on the location of the trader, and the volume of the stock.
Planning on writing a review on Dr. Dean. I should not have to as he seems so damn honest, but I have been fooled before. He has his own room and is selling a product, which is OK. Someone please shoot me if I ever start a trading room.
Hi Joe,
Much of the negative information written here is just not accurate. The bounce points have very specific rules, but of course that is not mentioned. They are for the more seasoned trader and not the novice. The specific trade set-ups are geared towards the novice trader. We explain all this on our website. You mentioned you were impressed by our calls and we thank you for recognizing the value in what we do in some way. You are welcome to come back and take a second free trial.
Thanks,
View My Trades
I eventually got round to Tommy’s invitation to go back for another free trial, which I did this week. i thought I would pen my updated thoughts. This quick review is of course on the basis of only a few days in the room so obviously is very much an initial snapshot review rather than any longer term performance assessment. It is worth saying I am a long term viewer of VMT’s daily youtube videos, so was familiar with the room’s style in advance of visiting.
First the positives. Tommy’s commentary is insightful, measured, analytical and sincere. I thought his daily bias thoughts as to how he thinks the day’s market movements will pan out is an excellent example of a positive expectation mindset upon which to set up the execution of the trades that follow. The best rooms I have been in have this positive expectancy (whilst maintaining flexibility if things don’t pan out as envisaged). Tommy displays this.
Secondly – he is disciplined . Risk management and capital preservation is at the fore of his approach. Withstanding the positive expectancy, he is a cautious (though not nervous) trader with relatively tight stops which suits my trading personality and the bad days are managed well with minimal risk of a blown account. For new traders with smaller accounts this is a very important point to recognize. Unlike some other rooms, Tommy doesn’t hide losing trades (in fact he is very open and sanguine about them just being part of trading). The days I was in the room were difficult trading days. I was impressed by the way he stopped trading one day after two initial losing trades.
His trade calls (trades and to a lesser extent the bounce points) are in the main relatively straightforward to follow. He annotes his charts with the setups and scale points clearly (albeit see DOM point further down). I would say about 80% are comfortably in advance with the other 20% v quick before his entry which would probably cause additional slippage or a missed trade. Lastly, compared to the last time I was in the room, it was good to see the technical indicators he uses being shown occasionally to help members understand his evolving thoughts during the session.
One other aspect that I highly commend Tommy for (not directly part of the room) is his free (youtube) daily recap videos and videos of actual trades playing out. They are a great way to help review one’s own trades and generally assist learning.
In terms of negatives or drawbacks. The main one is as Emmett has covered – is the lack of a DOM / chart trader. The room would no doubt be a better experience with improved clarity- and trade following – if this was present. However well intentioned Tommy is, without a DOM there is always going to be ambiguity with some calls which only causes frustration and can undermine trust in the moderator. Quite a few trades (especially the bounce points) were considered live trades the second they momentarily touched the entry level. As we all know in real trading this is not the case. (To be fair he does talk about this and says he counts them as live trades because most of his members front run them by a tick and therefore they have probed through the ‘actual’ entry by the time the trade is called live) . Tommy takes great care and prides himself on recording his trades accurately and honestly. Of course – the use of a DOM / chart trade would only improve this.
Its probably worth drawing the distinction between a trade and a bounce point. The trades are carefully detailed and managed on screen whereas the bounce points are left largely to the members to determine how to manage. The recorded performance of the bounce points are based on a best case basis, albeit Tommy is open is saying a member will at best probably aspire to gain 30-40% of the actual recorded points. I actually think the bounce points are great – but would love them to be managed and recorded on screen similar to the official trades.
One of my initial reservations (on reading Emmett’s review) was the disclosure that Tommy doesn’t trade a real account. I have come to realize that this is not particularly relevant . His general approach is as sincere and genuine as if he was trading live and I concede that as others have commented , the fact that he may not trade live is likely to be a bonus for those following as he maintains a sangfroid demeanor that may be difficult to pull off if he had a lot of skin in the game.
Overall a positive few days but I would humbly urge Tommy to seriously consider the use of a DOM / chart trader to take the room to the next level of transparency and clarity that we all desire from the industry. If this was to happen I would think it would merit a minimum of 4 stars.