Thanks for reading today’s update for Rightline Trading.
On November 6th, 2015 I published a review of Rightline Trading. The original review can be found here. If you have read the review, then you might of noticed that I had spent a great deal of time talking about how honest the vendor seemed to be. And that the trading product was very close to being a recommended trading product. The only reason that I backed off giving the vendor a higher rating is because the vendor was not showing a trading DOM during the live trading room sessions. Normally, when a vendor does not show a trading DOM, or trade from the charts, then the vendor can pretty much expect to get a poor review. With this in mind, I sort of went out on a limb for the vendor, simply because he was so upfront in admitting that his trades could be difficult to replicate.
In addition, I had spent a good deal of time speaking with Dr. Mark Sachs, the founder of Rightline Trading over the telephone, about his product and how he can provide a better and more credible experience for the end user. At all times, he was very cordial, well spoken and thoughtful. He seemed very interested in providing the best possible service.
After speaking with Mark, he agreed that he would immediately begin showing a trading DOM on his screen, at all times. This is a very positive step forward and it gives the consumer a healthy layer of additional information in which is evaluate the trading product. As of November 16, 2015, Rightline Trading is now showing a live trading DOM inside of the trading room. I have to commend Mark for taking this step towards being completely transparent.
However, there are several issues that I failed to uncover and talk about during the original review. And these are not minor issues.
A Red Flag
When I write these reviews, part of the vetting process includes doing a deep search on the internet, looking for customer complaints or any negative information regarding the vendor. I felt that I had done a decent job in searching the internet for “Mark Sachs PhD”. Nothing negative came up. In fact, I even had Mark send me a photo of his degree. It turns out that I did a shitty job on vetting Mark Sachs.
Mark claims to have a PhD in Finance from the prestigious Wharton School of Business. I believed him. It turns out, this not true. He never graduated from Wharton, nor did he earn his PhD in Finance. Mark Sachs lied to me about this, and he lied to the trading community about this as well. As good as I believe that I am at uncovering fraud, there is a reader in the TradingSchools.Org community that is just as passionate about uncovering fraud and fakes. His name is Brain Woodrow and he lives in Tennessee. Brian has been kicked around and been taken advantage of by quite a few trading vendors and he is pissed off about it. He seems to share my own personal passion at researching and finding the truth about some of these hustlers. In fact, I offered him a job writing reviews, I hope he takes my offer of very little pay, and even less recognition.
Apparently, something didn’t pass Brian’s sniff test on my review, and he decided to do his own research. In turns out that Mark Sachs got busted for running a pill mill in South Florida. Brian dug up all sorts of sordid information on Mark Sachs. And none of it was nice reading.
Who in the heck is Mark Sachs?
With all of Brian’s detailed information in hand, it was time to call Mark Sachs on the telephone. Time to confront him. Time for the truth. On November 11, Mark answered the phone. I immediately began detailing the various press releases, the sordid articles, all of the ugly things that had been written. After a long, and very uncomfortable pause, Mark replied….”Ok, you got me”. So now lets talk about who Mark Sachs really is.
Mark Sachs did in fact graduate from the University of Pennsylvania. But it had nothing to do with earning a PhD in Finance from the Wharton School of Business. It turns out that Mark Sachs actually attended medical school at the University of Pennsylvania. In fact, Mark is not your average garden variety medical doctor, it turns out that Mark is actually a plastic surgeon. Which to me, is actually much more impressive than going to a business school.
After 17 years of medical school and intense training, Mark set up his own medical practice in the Miami area as a plastic surgeon. In fact, for 11 years Mark operated his own clinic offering nose 
jobs, liposuction, and various other forms of plastic surgery. The following are pictures of Mark performing liposuction with a laser and a picture of Mark with his staff.
At some point in 2011, it appears that Mark made the most ridiculous and incredibly stupid business decision that a person could possibly make. He decided to go into pain management. Mark set up an office that basically issued pain killers to anyone that was willing to pay a fee, usually $250-$400 per person. A person would came into Mark’s office complaining of pain, and Mark wrote a prescription for an opiate. The scheme was so preposterously stupid and ill conceived that I am simply dumbfounded that a respected plastic surgeon would stoop into such a ridiculous scheme. Lets call it what it is…Mark was simply acting as a drug dealer.
I find it so very odd, weird, and morbidly entertaining in watching extremely smart people, with so much to lose…do something so incredibly stupid. Can you imaging spending 17 years to learn to become a surgeon, and then throw it all away on some get rich quick scheme to issue prescriptions to a bunch of drug addicts? Its just nutty. And I am the first to absolutely throw Mark under the bus for making such an idiotic and stupid decision.
In speaking with Mark, he is still in a bit of denial about the whole thing. In our telephone conversation, he attempted to push the blame onto what he describes as rogue medical technician that had stolen his prescription pad and had gone willy nilly all over south Florida. This maybe true, however once a person reads the official complaint from the State Surgeon General of Florida…Marks story that he was actually the victim in this scheme is complete nonsense. In fact, I called the office that prosecuted the case against Mark and they simply laughed at the ridiculous notion that Mark was the victim in this scheme.
If you are curious and want to read about all of the sordid details on a how a talented medical doctor screwed up his life, then you should read the complaint filed by the State of Florida.
HGPYBE4E490F87610580510072011If you read this document, its pretty damning stuff. I am still trying to wrap my head around the descriptions that investigators provided regarding the people that showed up at Mark’s office looking to get their fix. Literally, dozens of people waiting in Mark’s office. Sometimes over capacity and overflowing into the common areas of the commercial space that was shared with other businesses. Some detailing “shady characters roaming the hallways”. All waiting to get their script.
As I visualize this in my head, I have a difficult time wrapping my head around how a thoughtful, smart plastic surgeon could possibly get himself into such a wacky scheme! He spent 17 years learning to be a surgeon, another 11 years building what appeared to be a successful medical practice…and then he abandoned it all for the lure of the quick buck. A clinic that enabled drug addicts. Mark is probably going to read this and be horrified at my description. Surely, its going to be painful. But its the cold hard truth. And it ugly for sure.
At the end of this massive blunder by Mark, what was he left with? The State of Florida revoked his medical license and confiscated nearly $700k in cash. His life savings. Overnight, he went from being a respected plastic surgeon in the community to being without a source of income and having his life savings snatched from him. In addition, his name was dragged all through the local press and local television. A reputation completely destroyed.
Mark Sachs: after the shit storm
After Mark lost his license to practice medicine, he was left with a few options. He could pack up and practice medicine in either Pennsylvania or New York. However, in speaking with Mark, he was very candid and explained that he was close to qualifying for social security and simply does not have the energy or the drive to start all over again, from scratch, and with the lingering issues regarding his credibility.
Mark and I also talked about some other personal issues regarding having to deal with our past mistakes. For me, I prefer to be open and honest with people about my incredibly stupid past, felony convictions, time spent in prison, etc. Mark talked about how difficult it is to move forward after making such big mistakes, how this has caused his immediate family shame and embarrassment. How people can be cruel and unforgiving. I get it.
Mark Sachs: the trader
Ok, so now that we have dug up all of Mark’s skeletons and laid them out neatly, for all to see, lets now talk about Mark the trader. In spite of Mark’s massive fuck up, does he have any right to address the trading community? Does he have anything positive to offer? How did he get involved in trading?
In speaking with Mark, he originally caught the trading bug back in 2003. For the first couple of years, he was just like you and me. Wasted money on courses, charlatans, seminars, magic software that was supposed to be able to predict the future, purchased hundreds of books on technical analysis and trading, etc. And just like you and I, he lost money. Lots and lots of money. Mark becomes quite animated and colorful when speaking about his early failures.
In about 2010, Mark feels like he really started to turn the corner in his trading. He became completely obsessed with trading. It was at about this time that he began to drift away from being a plastic surgeon and wanted to become a full time trader. He describes this time as simply losing his intellectual curiosity regarding medicine and ready to do something different with his life. As a person looks at Mark from a broader perspective, it appears that Mark was tired of sucking fat out of wealthy housewives, wanted to make some fast cash and trade full time. The only problem is that his plan of getting out of the medical profession was pure wack-a-doodle. He is lucky that he didn’t end up in state prison. I know prison, guys like Mark Sachs do not last very long in state prison. Not a nice place for a mild manner medical doctor.
Wrapping Things Up
Ok, so now we know all there is to know about Mark Sachs. Like a pinata, we have beaten the hell out of this guy. A former plastic surgeon that likes to trade. And if you attend his live day trading room, you will hear what I heard…the voice of a caring medical doctor. And Mark really is a caring guy. Sure, he made a really stupid mistake and as a result, he lost everything. Now, he just wants to trade and teach trading. Tired of being a doctor. But he needs to stop trying to hide is past, accept it and move forward.
Mark has asked me, “Is it possible for people to judge me for my trading and not look at the stupid mistake that I made?”. My response is simple. Treat people with compassion and offer a product that you can prove actually works, in real time. You will be surprised at what people are willing to look past. Just be honest with folks, put a live DOM on the screen, show your trades. Document all of your trades, be honest about it. Let your trading record speak for you. If you can trade, then folks will buy your product.
Well that’t it for today. I apologize to the community for not rooting out Mark’s “pill mill” past. Definitely should of caught that. But a big thanks to Brian Woodrow for putting in the hard work and uncovering Mark’s true identity.
Going forward, if a person is still considering purchasing Rightline Trading products, I would definitely do the following:
- As of Monday, November 16, Mark is now showing a trading DOM. Do yourself a favor and only use the performance data from November 16 forward. Simply disregard the reported trading results prior to November 16, 2015. What you are interested in seeing is whether Mark can trade with a live DOM present on the screen. I would personally want to see 30 days of trading with a DOM.
- I would also recommend that you speak with Mark in person over the telephone. Be very candid and explain that you are very suspicious after discovering the pain clinic fiasco.
Well that’s it for now. Thanks for reading and don’t forget to leave your comments below.
As of May 2022 this is posted on his site:
“The Right Line Trading Team is led by its founder Mark Sachs, a 25-year Wall Street insider who 2 decades ago pioneered new mathematical algorithms for the optimization of closed systems. He is recognized as an innovator and developer of trading strategies and automated systems. He is a former Professor at Jefferson College in Philadelphia and has published 15 articles in top tier journals.”
In a marketing video to promote his new “system” he uses the death of his spouse to explain why he “came” to Florida…
It’s just disgusting the fact he still operates.
As of May 2022 Mark has this posted on his website:
“The Right Line Trading Team is led by its founder Mark Sachs, a 25-year Wall Street insider who 2 decades ago pioneered new mathematical algorithms for the optimization of closed systems. He is recognized as an innovator and developer of trading strategies and automated systems. He is a former Professor at Jefferson College in Philadelphia and has published 15 articles in top tier journals.”
Mark was not educated or trained as a surgeon. He was an infectious disease doctor. The laser machine companies trained him to do liposuction. Mark did go to prison for almost a year. For incident surrounding his lies and insteps if hiding docs and was found in contempt by the judge involving his divorce and child support with his second wife who was a victim of his as well.
Mark is a POS and if you’ve lost money, you should definitely reach out to your credit card company. Years ago I did and got my money back. I uncovered more than just the pill mill and him lying about his degree. Someone should report this guy to the CFTC which you can do online. He’s out there continuously defrauding people and he should be stopped. He’s basically stealing people’s money. My issue was 5 years ago and was hoping this POS was put out of business but I guess the combination of him being a good marketer and people being too trusting keeps him in business. Like to think he’ll get his one day, but we’ll have to wait and see.
Hello
I am the latest victim of his “PUFFERY ADVERTISEMENT”. I sat in his room from Jan 2nd 2018 to Jan 11th,2018. He would loose well over 1,000 in several trades and his daily PnL was always negative yet he still advertises by showing few trades that had winnings of over $600. What he does not reveal is that he has big losses too. As for his automated trading system it was a disaster. Had 1 trade that his tech person said was not triggered by RLT system and the other had a complete price discrepancy. Again his tech was not able to explain why it was so. Then there was trade in Gold which too had a big looser. I was not at all happy with the performance and the lack of system integrity that I refused to login or sit in his room and asked for full refund.
He holds that I signed a NON-REFUND policy and my Visa credit card company now wants a THIRD PARTY assessment.
Can someone help me please on how to deal with this situation.
I already paid US$1,899 and I am not using the product nor the services.
Thanks to all who are writing the reviews about RLT. Wish I knew this before putting my money to his product and services.
I find this all quite hilarious! Seriously though, I suppose everyone is entitled to one serious mistake in our lives. Thanks Emmett once again.
Who are you? Please pay attention of what you’d just said: “I know prison, guys like Mark Sachs do not last very long in state prison.” You’d just confirmed that you know prison, so I imagine that you were arrested!
Shame on you!!!
Hi Jeremy,
Thanks for commenting. Regarding your comment…I did go to prison. For securities fraud. You can read all about my experience here.
I am really open about my past. And my past mistakes.
Thanks for commenting.
Emmett
Emmett. Yes People do make mistakes. I’m one of them. But you are giving an animal like Mark Sachs the benefit if the doubt. You need to look further into the court records. He went to jail for a year for contempt and fraud which was BEFORE the pill mill situation. He screwed his second wife out of tons of money and alimony. He defrauded patients and staff . He defaulted on leases and loans. After he got out of jail-THEN he did the pill mill thing. He needed money. He is a predator. groping women, using women, defrauding women. Karina was his girfrirnd and she was wiped out financially. I saw daily her pain at work. His kids are messed up. While in jail he bloomed as a sick homosexual and impersonated women at times on line. His jail buddy died under suspicious circumstances. This was all before right line trading got rolling – he works all night and sleeps thru the mornings. His poor patients would wait for him for hours while he slept. He’s a sick bastard. He was never ever a surgeon. He was an infectious disease doctor who accidentally became a surgeon and weight loss guy. such a scammer.
You talked to him? That makes me feel dirty just thinking about it. His lady friends are vast and such victims themselves. Poor Karina- i’m sure she wasn’t the last victim. He ruined so many people. I know his one son moved far away and became a lawyer. Probably out of necessity to keep dad free . His daughter is a serious head case. there was another small child but didn’t know much about him. Very sad. If you believe his bull shit about being sick of medicine—- it was the other way around. Before the plastic surgeon thing. he lost his medicare billing abilities. No hospital would accept him. If you are using his trading? beware. he is a guy in a basement with no staff, means or office. just a few computers and a printer and his porn ! sick!
Dang Girl. You know better than me!
I didn’t know he went to jail for a year for contempt. And the ex-girlfriend? Just wow.
I need your sleuthing abilities. Please come back!
Good research. But you missed a whole bunch of facts. Mark was a trained DR in infectious disease. Not a surgeon. Not one class or any time in surgery.
In Fla you can call yourself a plastic surgeon when you use lasers. He had no experience in surgery or any training other than a demonstration from a sales person who sold him the laser. He did go to JAIL!!!!!!! For contempt of court and fraud resulted to his divorce. He swindled tons of money from women whom he promised to marry but is actually GAY! He portrays himself online as a woman to meet men. he’s sick. very sick and dangerous. His cell mate and buddy in jail got out and “worked” for him. Unfortunately he died under strange circumstances. Per his police files.
His two ex wives are very nice. He has 3 kids. a normal older son who is an atty in new jersey and a wracked daughter who is exactly like him. he has a 17 year old from the second marriage who seems sweet but us messed up by mark going to jail.
Yes he had a pill mill. the worst ever. bringing people in from jacksonville for anything.
He swindled women out of $$ in his laser practice. They found out he was in jail. They never got refunds.
very sick stuff. plus he damaged women physically because he was not a board certified plastic surgeon. he was board certified in infectious disease. do better research and read the files at the state medical board.
he’s a real piece of work.
oh and the atty he uses- was addicted to pills that he wrote for him and in exchange this guy gave him tons of free legal services.
What. An. Idiot. Here in California the Armenian Mafia-types ran the pill mills and hired doctors who were already retired to run the clinics. They got paid loads of cash every single day and then, when they got their license revoked, they didn’t give a shit because they were already retired.
Looks like the “nice” former plastic doc with the fake wharton diploma has also become a WT, Adams-like refundscammer.
http://www.elitetrader.com/et/threads/be-careful-doing-business-with-right-line-trading-company.306550/
I know you posted a link but I thought I would cut and paste what the original post said just so it gets more exposure… The guy is such a slimebag
Be very careful doing business with Right Line Trading, RLT owned by Mark Sachs. They gave the following guarantee which is from their ad copy; “To demonstrate our confidence in the system we are now offering the WEBINAR SPECIAL PACKAGE with a two week, no questions asked, money back guarantee” “We take all the risk and we are 100% confident that you will take all the profit.”
I only signed up because of the guarantee. If their trading software worked, great. If not I got my money back. The cost of their software was $1699. Their technician set it up on my computer and their server sends the trades to automatically run on my computer. The software is called Transition Zone and it lost money so I requested my money back. The owner, Mark Sachs refused to return my money. When I continued to press him for a refund he said quote “If you complain to any organization or demand a refund from Visa I will refer this matter to my attorney to prosecute you to the fullest extent of the law”. In summary a simple no strings attached guarantee was given. The software wasn’t profitable as he claimed. Mark Sachs would not return my money and he threatened to sue if I went to any authorities or agencies. Its up to you to determine if this is the type of person or company you wish to do business with. It is important that traders share experiences, good or bad, about vendors so you can avoid the many software vendors that scam traders and support the few vendors that don’t.
He cannot sue you under “terms of service” agreement.
https://www.engadget.com/2016/12/15/president-obama-signs-the-consumer-review-fairness-act-into-law/
Hello, Thank you for posting my comments from elite trader above. I didn’t know this site existed as I would had done it here. Also if I had known this site existed I wouldn’t have had anything to do with Right Line Trading. I have found Mark Sachs to be a man totally devoid of honesty.
Yesterday I received an email with this quote from Mark Sachs.
“I am making you a special project of this company.
After you lose the law suit I am going to garnish your wages, your car and your furniture.
I will teach you that you cannot interfere, slander and libel a business because you did not get a refund you are not entitled to. We do not roll over in the face of clear-cut written letters of extortion.
See you in court.
Sincerely,
Mark Sachs
Right Line Trading
http://www.RightLineTrading.com
Phone: +1 (855) 765-6681
Skype: RightLineTrading
My “clear-cut written letters of extortion.” was continuing to ask for a refund backed up with too many actual facts. While I was in the room I also noticed that he had lost his butt on many occasions but it wasn’t showing up on the daily performance as the daily performance wasn’t being done. I asked Rory about this and he said they were just behind posting. Somehow a month later those horrible trading days turned into a profitable month. Imagine that.
Anyway, thanks again and I look forward to hearing the latest.
wow, in the review Emmett says a guy like Sach wouldn’t last long in jail, but he sounds like a ruthless litigation threatening punk here with no shame of his pill pushing or unlicensed plastic.
That’s one of these rationalizations these scammers always do, that conning with a shamshow is a “legitimate business”.
Hello
I am the latest victim of his “PUFFERY ADVERTISEMENT”. I sat in his room from Jan 2nd 2018 to Jan 11th,2018. He would loose well over 1,000 in several trades and his daily PnL was always negative yet he still advertises by showing few trades that had winnings of over $600. What he does not reveal is that he has big losses too. As for his automated trading system it was a disaster. Had 1 trade that his tech person said was not triggered by RLT system and the other had a complete price discrepancy. Again his tech was not able to explain why it was so. Then there was trade in Gold which too had a big looser. I was not at all happy with the performance and the lack of system integrity that I refused to login or sit in his room and asked for full refund.
He holds that I signed a NON-REFUND policy and my Visa credit card company now wants a THIRD PARTY assessment.
Can someone help me please on how to deal with this situation.
I already paid US$1,899 and I am not using the product nor the services.
Thanks to all who are writing the reviews about RLT. Wish I knew this before putting my money to his product and services.
Wow, looks like RL posted results for July 1 to 8 after all. They don’t agree with Kramnor and Tamiaya’s results, though. Very strange.
He has 11 trades for July 6 which is untrue. He came back to trade in the afternoon. His total trades were 20. I wrote down each trade. So $16 per trade for 4 contracts in fees times 20 equals $320 total fees. Using my pic as proof, -$1847.50 plus $320 in fees gives a total loss of $2167.50.
Importantly, when I followed the ES trades, I was not getting filled when he did. He uses SIM and it must be MIT-market if touched because even when I used SIM I did not get filled but I saw his fill as soon as the price got touched. We all know that slippage and no fills are the reality. So this is the main thing one should take away from their trading room. You will never get his results!
Abba or is it Mark Sachs … my post said at 10:15am eastern he was down $2780. That was on July 6. Before trying to call me out, please do not misquote me. That is very strange to me.
I wasn’t calling anybody out. I wasn’t quoting anyone. I wasn’t even disagreeing with anyone. In fact, I was AGREEING with you.
My point was that Mark’s opinion of his trading results were suspiciously better looking than what other people saw. That’s what I meant by ‘very strange’. I thought that it was strange that the guy running the room sees things much more positively than other people in the room.
When I said the posted results didn’t agree with Kramnor and Tamiaya’s results, I DID NOT MEAN that the posted results were CORRECT!
Emmett, please tell Tamiaya that I am not Mark.
No problem ABBA. Thank you for clarifying.
On July 7 there was a $1847 loss not counting fees. I tried uploading a pic and it didn’t work. Let’s see if he posts this on his performance report or waits until the end of the month to just post the monthly profit/loss.
Here is the pic
Another day for the Rightline record books …. by 10:15 eastern time, March Sachs was down $2780. I watch for 2 hours him trying to trade the end of moves and counter-trend trade and watched him get run over. One thing you can be sure of …. you will not see July 06 results posted on their website. In fact after today, you will now not see daily postings for the remainder of the month, and then you can look forward to seeing the magic of PDF summary manipulation at months end.
Mark Sachs – o – shit did it again this month. Half way through June he had 2 massive losing days that put him down $2890 for the month, and then as in previous months, he no longer posts the daily results. He did fight back to end up with an actual monthly profit of a $965. But like clockwork, his phony PDF magically shows a profit of $3235 for the month of June. None the less, even using his own bogus PDF, he then has averaged a monthly profit of $900 for the year, and that is with 4 contracts per trade. Now to participate in his buffoonery, he will charge a trade room sucker $400 a month. The net result then is that by following Rightline using their own shady PDF spreadsheet accounting, you can quit your job, become a full time day trader, and net $500 a month on a Sim account. Less than the minimum wage, well below the poverty level … so the lifestyle you can have with Rightline would be living in a cardboard box, pan handling for food, cruising the streets on your bicycle to get to an internet cafe from which to trade so as to maintain this jet set lifestyle. Thank you Flat Line Trading. Beeeeeeeeeeeeeeeeeeeeeeeep.
So glad you are keeping track, as I cannot be in the room every day. I’ve been in the RL Trading room for quite a while, and it really seemed to me that they usually made money in the beginning, but in the last few months things have gone to heck. I wish I knew what changed! Does anybody have any ideas?
It is not my goal to single out the Rightline scam room, I mean trade room, but shit has to be called out. I received an email from Mark Sachs telling me how Brexit is creating wealth and how great they are for making $700 on Friday and $500 on Monday. And that their goal is $2500 a week. Hey Mark Sachs, why not make it a goal of $1,000,000 a week, because it is all bullshit anyway. Mark, funny how you don’t mention the almost $4,000 you lost on June 15 and 23, and how year to date, with June’s losses, you are upside for the year. No wealth is created by Rightline, no profit is generated by Rightline, so do not fall victim to smoke, mirrors, or lies. How about making it a goal to disclose all those losses, and to stop manipulating your PDF spreadsheet. This is like the Hillary private server in the bathroom of trading.
Man if we could just get one regulator like you, all these rooms would be closed. There are all a joke preying on the desperate and gullible.
“This is like the Hillary private server in the bathroom of trading.”
I love it!
As you said in an earlier post, he was pushing his latest software for discretionary trading and how powerful and non guessing it is etc… HUGE push… that was two weeks ago.. at exactly the same time, he stopped posting results on his… discretionary trading… The guy has absolutely NO SHAME… NONE
Remember the incredible ALGO trader?? the BIG PUSH on that… God knows how many copies he sold, but after that push… Poof… No more results posted online… NONE… I wonder why? I mean… THAT algo trader was the answer to everything until he actually SOLD a number of copies for people to use…. then… no mention of it ever again… GONE
This business is incredible and the longevity of these con artists selling a pipe dream is just amazing
He posts trade until the typical monthly trade meltdown in the thousands as he revenge trades. Then there is no more posting the daily results. You will then only see a monthly total posted with the Magic of the manipulated or fraudulent PDF.
This review still sticks out to me. Dr. Sachs is very lucky not to have ended up in prison. There was a case of a young md who drilled extraneous holes in people’s skulls who got it far worse on “American Greed”. The parts of the review about “people being unforgiving and cruel” and “Wasted money on courses, charlatans, seminars, magic software that was supposed to be able to predict the future, purchased hundreds of books on technical analysis and trading, etc. And just like you and I, he lost money. Lots and lots of money. ” continue to stick out about truths of trading hardly ever discussed on any other forum especially when they have dubious vendor sponsorships. Like if Sachs claims his “multi-variable” methods work now, why just trade for himself? Because I would wager he hadn’t found a way to be consistently profitable just trading after all his years of trying. It’s going down a terrible road again, fudging results and using a fake sim dom made to look live. Makes me depressed about the world. It’s not just these scam retail vendors either. Too much of the system is corrupt and money seems to override it all and the most wealth is concentrated at the top than anytime in history. One can’t even enjoy a stroll in the park or a plaza without homeless or bums bumming and some of them are fake panhandlers too. I actually feel sorry for Sachs and even David Adams with his poor health. It doesn’t help that every other TR seems to be 99% scammy. Have a good night all.
“truths of trading hardly ever discussed on any other forum”
Man you hit the nail right on the mark! I can not stress how what you stated speaks volumes about this industry. This entire industry is nothing but swindlers and no one ask for proof. I could talk about lying Dean Handley or the TR con artist, but I will give you a another perfect example of a site people trust.
Big Mike or whatever he calls it now. I am still a member and go there to check things out every once in awhile. And now he is doing member webinars. Seriously BM how about asking one of those lying clowns to show actual proof before you give them a platform to spill their lies.
These self-proclaimed profitable traders on BM that never show any real proof. We all know NT results can be faked and prove nothing. Some of them get PMs and then sell their education or maybe some are ego fanatics. But people want to believe. If you take the same chart they show you can find tons of trades that meet their criteria that fail and if you ask them about it they can not even proved a coherent answer. I know as in my earlier days I followed some of those rock star posters and asked. And if you dare ask for proof you are the “EVIL” one as their mindless followers, post, “they do not need to show proof it is their journal”
Really people need a public journal!! The question is why. The answer is to sucker people and scam them. I dare one of those rock star traders to ever show any real proof. And fine they want to have a public journal to scam people, but seriously BM is part of the problem when he gives these folks a webinar forum without getting any proof what so ever they can truly trade profitable.
Now tell me honestly how many sites or people you see call BM out just like I did. And all I am asking for is he gets proof. Only in this industry is that a “BAD” word.
Here we go again. From June 1 to June 14, Rightline was posting their daily results because they were proud of their 14 day achievement. Then once again, like every month, the super losses occurred again. On the 15th, the loss equaled all the gains for the entire month. So the daily posting stopped. You won’t see any more daily postings for the month of June You will have to wait until July when Rightline will magically post a winning PDF spreadsheet for a losing month. This act is really played out and I cannot imagine anyone being stupid enough to sign up for the trade room or to continue with it if a subscriber.
I would say change your name to Stray Dog, but being that is taken I think Junk Yard Dog. Emmett should just let you take over this thread, you are on them like white on rice.
Here is the proof where Sachs tried to pass off a member’s contributed indicator on bmt before he got caught.
https://futures.io/vendors-product-reviews/34956-best-ninjatrader-trader-paid-indicator.html#post479045
https://www.youtube.com/watch?v=rrntvPyZLOQ
To be completist on the review, the indicators are priced at the following.
RLT-Order Flow Indicator $299
RLT-Market Profile $299
RLT-Bias $399
RLTQuantAnalysis Indicator $699
Rightline finally posted the results for May. They did post a loss, but it is only about half of the actual loss for May. Also if you subscribe to their trading room, the year to date cost of the room is greater than any profits for the year. So Rightline hits you twice over the head by charging you a monthly fee to lose money and your account. Now rightline is promoting another vendor’s software as about everyone has given up on the failed Rightline software and losing trade room. Time to reboot to change the company name to protect the guilty. With a new company, they have the ability to start the scam all over again with some more manipulated PDF spreadsheets, and newbie and gullible trade room members.
Thanks Taimaya for the updates on the major changes and recent shenanigans as Sachs tries to fraudulently hide the lousy results of his probably sim trading room and algos in attempting to keep up his monthly churn rate of duping new customers. It’s amazing unless they totally missed this review and commentary, that new subscribers would knowingly join up considering the guy tried to pass over a fake phd diploma over Emmett initially, then background details were found about his plastic surgery and pill pushing malpractice. And his current claim of using “multi-variable” mathematical analysis in RL’s strategies when it’s far easier to imprecisely predict the weather than the markets. Now your update shows RL trying to pass off a 3rd party deal when RL’s strategies and “trading stoploss” ideas have all failed to be better than flipping a coin. Exactly, more new made up spreadsheets, and a website revamp coming up. I recall one of the indicators shown in his old site was actually a bmt contributer’s indicator on volume. I guess any NT code with more than one variable in it is what Sachs calls “multi-variable” analysis, lol.
I just remembered the bit in this review about Sachs saying he was close to getting social security. Well, I doubt it would end there. He would still be doing his scam room and site on the side to keep up the monthly churn rate. Look at this example of this vendor who said he was a retired md. He only shows the “best” trade of the day in his recap after the fact reviews like the combo of his “triangle” indicators make any sense or edge. Pure snake oil.
http://www.ninjaindicators4u.com/
I think these “veterans” like Woodie will just keep doing this even post retirement until either the feds force them into prison away from running a site, or until they physically can’t run a trading site anymore..
Rightline had another losing month. May was not good for Rightline, and was so bad that they stopped posting results after the 6th of May. This is of course their MO … don’t post those huge losses so newbies cannot see them, and then magically a month later post a monthly summary showing a profit on their own PDF spreadsheet. Gimme a break. What does it take to get scam trade rooms like Rightline shut down? This is disgusting to witness month after month. If you are contemplating acquiring a product or service, do not be taken in by a clever video, promo, or speech. Rightline is selling an illusion, certainly not a pathway of profits.
Why rob banks and risk going to jail, when apparently you scam people out of money by running a day trading room and no one cares? As long as their is no regulations and people are willing to hand over their money to these con artist that show no real proof they can trade profitable, they will continue on.
Have you guys also read the new about blurb? “He did his thesis on the optimization of multi-variable equations utilizing computer generated search algorithms. …Once the independent variables linked to price movement have been elucidated they can optimized utilizing mathematical modeling. The modeling is applied to each independent variable, one at a time. The optimization process is never ending as market conditions are always changing. This is why Right Line Trading’s system generated entry signals always remain robust and always have extraordinary predictive power. ” LOLOL…
now he’s no longer a Wharton business PhD. Can’t talk about his mutilating plastic surgery and pain pill pushing past. Now he was a former professor at Jefferson college! Talk about another long list of credentials ala Dean Handley. Now all he needs is the J.D. What a riot using the word “elucidated”. I guess writing science fiction about polynomials fools some newbies who haven’t had college level math, when the actual trading is iffy scalping for 4 ticks for 8 tick stoploss, a very bad r/r. Yes, I’d agree it’s disgusting, but I guess who cares in this economy and society going down the drain. The last years of “entrepreneurship” in western society in the form of the scammiest wild west of snake oilers since the 19th century before everything went down , banks finally froze and riots and fires blasted the news. sad sad times.
https://youtu.be/N3q5NyxI8nk
What a load of science fiction. In the first review remember what Emmett quoted him about the “basis” for his trading strategies. “he attempts to explain that the basis of his trading was formed over 30 years ago,
For my thesis I helped develop, along with the US Navy “AESOP”, Automated Engineering and Scientific Optimization Program. Thirty years ago it was a breakthrough, back in the day when the University of Pennsylvania had the only computer in the United States and it was programmed via the use of punch cards. The mathematical principals of AESOP are what drive our trading software today.” And then the lies about the wharton business PhD and the imaginary rogue medical assistant supposedly writing ‘scripts. Putting this out there as the “AESOP” and the “multi-variable” analyses fictions could be overlooked on this page. I think what really happened in 2010 was Sachs got a load of bmt indicators and the Ninjatrader cesspool yet-another-NT-indicator grail fad which took off then. lol, even the “ice cream truck” orderflow lady, Ms. Roussos had a comment on bmt on the rightline thread before she was banned probably because she tried to hide she was a vendor.
https://futures.io/vendors-product-reviews/29709-right-line-trading-method.html#post371841
Ah! The Holly Grail Indicator. First there were simple things like Moving Averages, but you always need something new and shiny to sell to people so comes along Stochastic and Oscillators and then Trading Rooms telling you need to wait for divergence of Stochastic or MACD or whatever. But there must always be something new to sell so come forth market profile and foot prints and so on and so on.
I wish I could write a post that people want to hear and not get me hate mail. But I say all the indicators are complete nonsense. And guess what you know what indicator I now use in my trading? NONE. Not a single one.
The funny thing is I still have a MA on my charts, but I do not use it. I guess it is like a comfort blanket.
I saw BM do a random line test once and price reacted to the random line as much as it did to any indicator. I now believe they are non sense and something once again for the educators to sell you and the trading room to make you think they have discovered some great secret that only they know. What a joke, virtually all of their indicators are just some minor modification of existing indicators.
But I challenge anyone to the following test. Lets take a basic trade, the Pull Back. Do you wait for PB to the MA, maybe to VWAP, maybe to some Stochastic number or so forth. I say put your chart up on the wall, set lines between the entry and where your stop loss will go and throw darts at it and the first one that lands in the area buy there and you will do just as well as any indicator.
Being a successful trader is not about some mysterious indicator, which is why no one would be interested in subscribing to my trading room. Who wants to hear their is no Indicator Holly Grail.
There is a Holy Grail. It is just not an indicator.
Yes, right on about the evolvement of the grail “fads”. A lot of the fads flowed through bmt like a “vascular” system. Divergences of the simple traditional indicators. Snake oilers like “dr.” BarryBurns tried to relabel and repackage them as “energies” or some other nonsense. Then there was market profile, orderflow, volume profile, vwap , tape and the respective vendors etc. It wasn’t enough to have one orderflow product out there for NT. There are a whole bunch of them claiming their particular tape reading tool is “different”. One thing all these indicators have in common is that they are most all derived from price. Sure I still have a bunch of MA’s and the vwap on, and price will eventually tag them again at some point, but I’m not smart or can visualize the forest enough to take the “training wheels” off. Nowadays it seems bmt talks about some vague gobbledgook about “global macro factors” while the popular journals tout “s/r” levels yet again there are so many ways to come up with “s/r” and pivots. Sachs and others are in the camp of those vendors who plagiarize indicators from bmt, and redress them and have the gall to try to sell them as something “original” or add some “aesop multi-variable” science fiction story about them.
So what is being a successful trader about? Come on, don’t leave us hanging here. 🙂
Rightline is upside down on performance again for May. No trade results posted of their own PDF detail in the last 2 weeks. They don’t want new viewers to see the big losses in May. This makes the 3rd consecutive month of losing. Their $6000 dashboard gives you a visual display ahead of time of losing trades to follow. If you are new to this site, don’t be scammed by spreadsheet manipulation. Stay away from the Rightline dog and pony show. The only one making money with Rightline is Mark, the owner. All others have blown accounts or in drawdown. This industry of so called experts in trading is most sickening.
fdfdfdfdfdffdf
The shady Dr. Mark is up to his old bag of crooked tricks. Maybe he can be Hillary’s VP. March was a brutal month for Rightline posting a losing month. Then again in April more catastrophe. On April 19, a massive losing day, resulted in Rightline to once again stop posting daily results, Also from April 19 to the end of the month was predominantly filled with losing days resulting in another large loss for the month of April. It may be a while for Rightline to post the losing results for April. Come on Mark, it is better to be honest and post those losing trades rather than trying to hide them as if no one is noticing. We are all on to the game. I feel bad for those with live accounts taking those trades called out in the trade room. Mark collects those monthly trade room fees and he profits while the trade room members suffer the losses. Mark should refund those monthly trade room fees as well as any other trade room guru that entails losses on its members.
In keeping with the theme as you predicted Tamiaya, Mark stopped posting when the sh-t hit the fan in April and then ended up just putting an April results general post as if we are just to trust that. As long as he has a few winning days, he posts results, when the sh-t hits the fan, he stops posting until the end of the month and then posts a monthly total showing a winning month. The audacity of this guy. I finally got off his mailing list because it was so disgusting, but he was pushing so many ‘training’ type educational ranging from day trading, to swing trading, to options, to stocks to whatever. I can only imagine him getting a book on the subject and basically creating a seminar on it and acting like he is providing values for hundreds of dollars per client. I know there was high hope for Mark doing a legit business, but so much for that.
Todd is absolutely correct. Rightline showing profit for April is complete bullshit. I showed them losing $1940 for the month of April, but you know how they roll …. don’t post for weeks, and then magically post bogus positve returns on a PDF form. Rightline used to keep a running daily tab of the trade performance, but if all you ever see is a losing tally, it’s no wonder they no longer show that. Everything about Rightline now is not transparent and they are just a carnival act now, a dishonest one at that. Rightline now hammers out mass marketing for their failed system like they are desperate for survival.
Sach seems to be a career fraudster. He has nowhere left to turn to even after incarceration and conviction and ruined patient procedures. He and Ross of WT and the like will just keep the monthly churn rate of duped newbies no matter how much they are supposed here. Kind of like a getaway car bumping every obstacle off as collateral damage. Sachs should be on “American Greed”. There was an episode of a young bad egg doctor who drilled holes in patients for useless costly procedures and neglecting to report or treat cancer of a dying patient and instead kept the patient on costly useless procedures. He fled to Germany but was reported and extradited by the feds.
I mistakenly thought Sachs went to prison. Yes, he’s lucky he didn’t have to go. I guess the 700k in restitution paid helped.
thanks tamiya
i had been checking the perfomance oage also, after your post about the huge feb losses to see whether it would be updated. it wasnt: until now
I agree. Good job Tamiaya F. Sometimes, Some of these threads die out a bit, and the vendor, like in this case RLT, stopped posting results in late February when he started to crash and burn. That is a HUGE red flag obviously, but he counts on people like you, who were tracking him a bit, to walk away and ignore him, and many weeks later, he then puts up BS results in the hopes he will get away with it and no one will notice. But you did, and I am sure he is not happy about it, but we appreciate it.
After the rough Feb blowout, and a rough March, with questionable updates on the website since he stopped posting daily for several weeks, his marketing campaign was all about the algo trader. All of his language was about why one would be essentially irresponsible not to invest in this product. It was years in the making and several emails went out just 2 weeks ago.. His updates were fairly consistent about its performance since mid January, though no way of verifying those at all, but suddenly he stopped posting about 9 days ago. You think a few of his clients bought it and were losing money forcing him to stop posting? hmmmm… Just a thought. Now it appears he is back to updating his discretionary trading daily. It’s a work in progress that is for sure and since Emmett forced him to be more transparent, I am guessing that is when he actually really first started learning to trade, even though it is in SIM. He did promise he would start LIVE trading (real money) a couple of months ago, live, but that never happened
Calling members “irresponsible” not to invest in the product? As if $3999 for the indicator suite wasn’t enough? This guy should be featured on “American Greed” if he hasn’t been so already!
It keeps getting better Sam. Today, I got an email where he wants $5000 for the ‘dashboard” and “algo trader” and includes lifetime membership to the trade room, the same one he hasn’t posted ANY results for the algo trader, which he stopped posting results for 3 weeks ago, when he first started selling it… Results were posting consistently, UNTIL he made his first sales of the algo trader and then POOF, no more posting. Gee… I wonder why?
He also seems to be laxing on posting discretionary results again in the last week. Results lacking but heavy promotions on ‘training’ sessions for clients at a cost and products had huge cost… Hmmmmm
This is such a great example of what happens when Emmett gets involved and pushes for transparency and on the very rare occasion vendors actually have to do it, things can change dramatically.
The good news is among so many shady people out there, Emmett is finding some gems
Thanks for the update Tamiaya. Good show of evidence that these scammers often plug in winners months later like no one would notice lol. Another one was tripletrend.com
Mark Sachs, you are so full of shit. You know damn well February of this year you had your ass handed to you. You took a big loss is February on your discretionary trading. February’s loss took away all of January’s gains, and then more on top of it. Then you decide in April to post February as a profitable month as if no one would notice, hiding the individual losing days. You are whats wrong with this industry. Lies, scams, and deception. Of course you did that in your medical profession also. You fool no one.
To follow up with my previous comment about Right Line no longer updating their discretionary trade results since Feb 24 due to their massive trade losses, let me contrast that with their Algo trade system. Yesterday, it had a winning trade, and as sure as I am typing on this keyboard, Right Line couldn’t wait to post that winning trade under the Algo trade system results. In fact it was posted the same day so it could be shown in a marketing campaign that was later in the day. But keep this in mind, after 3 months of their Algo trading the system is up $1000. Right Line will charge you $4000 for the system. Based on those numbers, it will take you 1 year to break even given its cost. So after 1 year, the only one making money is Right Line. Also, Right Line keeps saying they have to limit the number of people who can buy the system due to the potential slippage factor … yeah right … they market it everyday week after week month after month. Your slippage is not their concern I can tell you that. As a final side note, the trade room had another losing day today.
I agree with Tamiaya, the bad results that Right Line has experienced recently have not been posted since February 24th, 2016. My theory is that once a system has been shown to be successful, as I think Right Line’s has, other traders, perhaps even the ‘Big Boys’ will realize this, and trade in such a way as to circumvent the successful system.
For example, if a Right Line BUY set-up appears, the ‘Big Boys’ will then throw in enough SELL trades to cause the Right Line set-up to fail. Even though the ‘Big Boys’ will possibly lose a few trades this way, they will successfully convince the subscribers of the system that it no longer works.
For the record, the situation that Tamiaya points out, that is, that sometimes, losing days do not get posted, (although, in all fairness to Right Line, the monthly totals have included the losing days), has happened, in my opinion, several times in the past.
Finally, there is no possible way that Mark of Right Line could not be reading all of our posts. So, in my opinion, if he does not respond to our comments, he would be cowering from the issues put forth.
This has to be a joke. Yes I think there are Goldman Sachs traders whose sole job it is to monitor insignificant trading rooms, who are trading in sim, and taking what ever loses are required to make sure those sim trades do not work out. Truly brilliant insight.
Rob B, you have a point. As I said, it was just a theory. But I’m basing my comments on what I’ve seen happen with other systems as well.
Along this line, I think it is okay for those of us posting to disagree, and to present various thoughts, without having to ridicule each other, speak sarcastically to each other, and insult each other.
Maybe we’ve all been watching the ‘Presidential’ debates too much.
‘leightweight’ vs. ‘lightweight’, and ‘what ever loses are required’ vs. ‘whatever losses are required’.
Truly brilliant grammar.
Well you are right about my grammar. No doubt about that. This is what a public education in U.S. does for you. Plus I am engineer and can not spell. Maybe I have been watching too much Trump. To me it was clear Rightline is trading Sim and you gave him credit for trading live, so I guess that is why I found the theory funny. I apologize, which is rarer than Trump Apologizing.
But honestly what you describe happens everywhere when you invest with one of these trading rooms, not just with this one. Until people realize 99.9% of this industry is a con this will happen again and again. I can not tell you how many traders I know who try out Collective2 and the second they invest with one of the winner they start to lose. Who knows how accurately they really track those traders or if those traders had 1000 other methods running at the same time that were all losers and the one winner is just luck of the draw.
I can not even begin with how these con artist scam people. I am talking about ways beyond the simple scams of sim trading and not showing real slippage and not keeping accurate results, but more complicated methods like not selling their losers and holding them so their P/L statements look good while never selling the loser, but yet you have to maintain margin for those losers.
The only way you can really find out the truth is you have to trade real money and follow them for a long time, but being most if not all will lose money who is going to do that. I see people post in here they took a trial for a day. That says nothing. Not only do you have to take a trial for longer time but you have to trade live and then compare real results. When I hear people defend these trading rooms who show no proof they can even trade profitable it reminds of a quote from a judge I just heard again the Republican Debate about people being scammed.
“victims of con artists sing the praises of their victimizers until they realize they have been fleeced.”
I have been trading for years and have met many traders and fought with many at this forum and that quote is so true, no other words can describe it better.
I am in a trading room right now that claimed to trade live and show their brokerage statements. The whole thing is a complete joke. These guys could not trade profitably if their lives dependent on it yet they brag about their winners every day and worst shill after shill saying how they are making money everyday. The only way they are making money is selling their trading room and education course. A complete scam. I try them to see if it can bring me diversification, but so far all I have found are scam after scam.
I was going to make the same comment as Rob B, but is a nicer way. There’s no way in the world that “the big boys” give a second thought to individual traders using a system in a trading room. Just as stop hunting is complete fiction. GS and the like don’t care about taking out tiny, insignificant positions. Systems stop working when market conditions change or the operators luck runs out.
And if I may add, when the profitable system was a fantasy and never real in the 1st place.
Well said. Collective2, fxbook, zulutrade, etc. signal services always have a leader of the month which falls flat fast then folks comment on their boards, what the heck happened to the system, where is the system owner? etc. Often on those forex scam signal services, a good performance is used just to get their kickback deals from the site for every member who signs on to their system. I remember a member on Big Mike’s who said he lost 50k on zulutrade.
Retailers who are starting to wake up probably had these suspicions in the back of their mind, but have yet to fully wake from the brainwashed dream foisted by these cons’ kool-aid marketing and red herrings. “moneyshow”, ecosystem, stocktwits, investiscamma are full of these scams. Same here, RobB, I trialed another room for diversification outside of what I usually trade and all the scammy signs showed up as well as new tricks. So I got duped again in the trial. Only here on trading schools, are folks finally voicing evidence of the old tricks as well as some new ones these cons discover. I don’t quite think GS and HFT firms completely ignore trading rooms. There has been evidence of HFT spiking up or down spoofing candlesticks to long fake tails at common “entry points”. Many systems often come to the same conclusion at an “optimal” entry point for a trade. But I would agree it’s probably more of a general countertrading against the combined trading of retailers. Since 2008 HFT really took off, and more books and more trading vendor sites came to existence I suspect in one part due to HFT taking over. So the liquidity is mostly HFT and top trader activity while attempts at retail trading mostly get squashed and accounts blown. However anyone with enough experience to have blown a retail account should be wary of setting Ninja ATM settings to take a scalp at three ticks as Rightline trading shows in their ATM strategy settings. I hear you RobB about public education. We have teachers in public high schools that play games and pick favorites while not teaching what really works in English composition while Europeans learn and become fluent in English and multiple languages since grade school.
About trials and short time periods and ditching before trading room ruins one’s account. It’s laughable in the Warrior room. I happened to see a few newcomers who had been around just a month or less ask each other how their trading was. As usual it was the same, just breaking even , but saying they felt “they were making progress”!. Then one of the fake member shills in the room encourages them and spouts off some generic trading quote like it’ll get better with practice , control your emotions or some other claptrap when I had seen proof the hosts had been using sim servers all this time and still do. To top it off, they said it was the last day for their special limited discount on their training packages. And now, get this, there were three new offers. “$1500 off for the first ten students who purchase the warrior pro bundle “, “20% off any trading course “, and “$50 off quarterly plan ($249 vs. $299) “! Well they the same offers last fall at even better rates.
I think it was due to Emmett. Now that the WT review is lower on the list and probably seen by less visitors to this site, the WT crew now feel “safer” to raise their prices adjusted after “special offers” again, lol. And who are these offers for? Not the long time students and room members. I can see many of the old names gone. They even changed one of their shill member’s names to make it look a new active member(another new trick). And now there are like 200+ dummy members who say nothing. The only people who ask questions are usually the new trialers or those I mentioned who have trialed for a month or less. One of them even said it was his own fault for not being disciplined after major losses. The shills often hedge for the room saying they lost some days also to make it look realistic. To sum up, these new offers are for the new trialers. WT doesn’t care about longevity of the room as very few stay after week after week is a “tough” market with occasional winners shown in all their glory on their front page like trophies. It’s all about churning in the new members to get some hapless dupes to make a bad decision in signing up for one of their “special offer” packages.
Excellent post,
I just posted in another thread maybe Emmett should open up a thread on all the tricks the trading room, trading educator and even the self-proclaimed 3rd party evaluators use to scam people.
BTW, I should hire you as my ghost writer.
“Big boys” have absolutely no need to follow anyone; they are the ones moving market. Rest assured they are not calling a non-institutionally educated teacher of questionable background for trading tips. Ugh…I shudder at the hilarity of that thought. But if you want to believe it, that’s up to you, but there never has been or will be any interaction between the good doctor and Wall Street.
Right Line is no longer posting results after February 24. The reason is because on February 25, they had their worst trading day in history. I was witness to it. It was so bad, they just stopped posting their results since then, conveniently of course never posting the results of that catastrophic day. But it’s even gotten more horrendous since that record setting day, as Right Line has been on a incredible losing streak in the days following. That is why you will probably never see any trading results updates ever posted again on the website. I remember in the past that whenever they had a winning trade day, the results were posted on the same day. They couldn’t wait to post the result. Now for the last 2 weeks, they purposely avoid posting any longer to hide the massive trading losses they have incurred. If they ever recover from these massive trade losses they may one day post results again. That day could be a day way off in the distant future. Right Line Trading … not transparent and disingenuous.
Thanks for info Tamiaya. I assume the results were so bad after the 25th that it wiped out weeks or months of previous supposed gains? I was with Warrior Trading, and they had fudged results on spreadsheet format showing supposed steady consistent gains mixed with smaller losses.. About four months ago, they stopped showing it with their excuse being “compliance”. Not coincidentally, it was about the time of Emmett’s review. I think too many former members complained about the fudged results as most every day is losing overall or break-even at best which wipes out any few lucky days they’ve had. Now Warrior maintains they never showed results. And it looks like they just churn in new members duped into signing up while the older ones have left in disgust and they are also silenced in the room. It’s supposedly a big room with average over 500 members yet, no private messaging to one another is allowed. So it sounds like rightline made some effort to be more transparent after Emmett’s reviews but it’s not working? All after Emmett’s reviews not coincidentally so tradingschools.org is having a great effect cleaning house. Thanks.
Are there any current or former members of right side training able to confirm his DOM trading is live and true to the current results? (as we all should know, the DOM can be made cosmetically to look like live). There are new trading results listed on the site. http://www.rightlinetrading.com/performance/
The disclaimer blurb is slightly different from the usual:
“Any and all information contained in the Right Line Trading website is compiled for the convenience and use of the sites visitors and subscribers. It is provided without responsibility for its accuracy. Any site visitor or subscriber having access to information contained within this website is under the strict condition that any errors or omissions shall not provide the basis of any claim, demand or cause of action against Right Line Trading or anyone affiliated therewith.
Trade Signals: Performance relied upon by Right Line Trading is intended solely for educational and demonstration purposes only. Certain aspects of Right Line Trading trading results are based upon hypothetical trading performance information, performed on simulated account without any consideration for commissions or slippage. And with respect to such performance, please note the following:”
So it says “certain” results are on a sim account without counting for commissions and slippage. Yet its says ” COMMISSIONS HAVE BEEN DEDUCTED BEFORE WE POST NET PROFIT ($4 PER ROUND TRIP)” There ninja auto target/sl management is listed: http://www.rightlinetrading.com/rightline/ATMs.pdf
Seems like a scalping method on the ES
i took a trial day today.
dom was on the screen every second. every trade clearly called in advance and no one could miss entries- in fact on almost every entry a follower would have got a better entry than the room
results: he was down $760 around 10:30 am: OOPS!.
but kept at it and finished the day up $30 – nicely done.
I only took one trade that was called- a winner which I got out of too soon (he stayed in for a big profit which save the day.
Most clear calls I have ever seen in a room (but the charts are another matter)
today by 9:30 he was 450$ in the hole. But turned it around and ended up $175 postive.It seems the room sticks solely with trend trades at the moment looking for breakouts in the direction of the trend. Not a bad strategy but it does mean that timing is critical. some trades go the wrong way for enough ticks to get stopped and then promptly go in the right direction: Ouch.
I have the system, but it not good enough alone to trade with. I filter its signals with another vendor’s product and one of my own. Mark is an awful trader, but the software is solid. Very often the case with exacting, clever people. They can analyze well, but can’t wrong out actual profits. Use it paired with something else you trust, and only trade when the 2 agree is my method. Just my 2 cents.
Interesting, I was just watching a video by the good Dr. that he posted on his Youtube page on Jan. 5 of this year. At the 6 minute mark, he says Dean Handley (who we know to be a scammer and name rooms ‘trade titans’ that absolutely don’t qualify according to his own rules) is the only person he knows of that is trying to ‘bring order to the industry’. So he names a known scammer as being the only person, when he himself has been reviewed by Emmett. Did he forget that Emmett is actually probably doing more than anyone on the internet to ‘bring order to the industry’? Unless he’s on Handley’s list to become a trade titan sometime in the future. Just thought it was interesting. Go to the 6:00 mark here and listen for 30 seconds.
https://www.youtube.com/watch?v=sfuHTNFFQgc
I can see how Mark would not like me very much. LOL. Actually, all things considered, I gave Mark a pretty good review. The dude lied and lied and lied…
Looks like Dr. Sachs hoodwinked you again. He might have been performing some liposuction but he was lying to his patients as he had no formal training or certification in plastic surgery.
A cursory internet search shows numerous patients disfigured by Dr. Sachs e.g. http://www.vitals.com/doctors/Dr_Mark_Sachs/reviews
http://www.realself.com/review/Smart-Lipo-Unsatisfied-Patient
A scammer who purports to be a well trained surgeon https://www.blogger.com/profile/09944334712106710310 and maims others to enrich his own pockets is the lowest scum you can find.
You would be advised to stay away from his trading site. He is a chronic liar.
Mark has published its results for the month of November I signed up to his room for the month of February and I recorded every day in video and the results he has published are completely false.
Okay, I’ve calmed down now. I will agree that Mark is being honest with his trade results, despite the 3-tick target ES situation, and he is working on a solution or at least a work-around for that problem.
And, okay, most of us probably need a second chance here and there in life. He is now showing the Right Line version of the trading DOM, along with showing the trades using Ninja’s chart trader, so that is a big improvement.
He reviews each trade every day and explains his rationale for entering each one. As far as not showing others’ comments in the chat, that may be due to the fact that they recently converted to GoToWebinar, and they may not have gotten that to work yet.
I have not yet seen enough ES trades in the room to determine if the 3-tick targets are still an issue.
Thanks for the update ABBA. I was starting to get a little worried that the DOM. He promised me that he would. Glad to read that he is.
My instincts tell me two things:
The first is that the 3 tick trades are probably going to disappear altogether. Its really tough to get those scalp trades with any consistency. Maybe he can pull it off. Time will tell.
The second is that Mark really fucked up his medical career. I am sure that he regrets it. My impression is that we are not dealing with a fundamentally dishonest person. I have a ton of baggage that I have to carry around with me, for the rest of my life. It sucks. I am bit more understanding of those that have screwed up.
Emmitt,
You wrote, “I am bit more understanding of those that have screwed up.” Very self serving, but not really helpful. There’s a reason convicts are in jail and it’s not for sympathy. Please try to be more objective and less emotional in reviewing vendors. Thank you and keep up the hard work.
Thanks for correcting me Barry. Yep, jail is for fuck ups.
So, will future webinars by Dr. Sachs mention that he is a convict? Or will he continue to only show that he is a Ph.D ? Since he presented his “credentials” of being a Ph.D in finance, which, by the way, encouraged many of us to sign up for his system, will he now be willing to refund all fees and subscriptions because we were mis-led ? In my opinion, I bought his system based on his statements that he was what he SAID he was, and therefore the agreement was not valid. I feel that the point is not whether he has a good system or not, the point is that he sold the system based on his LIES that he was an honest man. I know this will never happen, but, I wish I could regain all of my subscription fees, as well as all of the losses I have suffered due to slippage, targets not getting filled, etc.
He, by the way, continues to report that his ‘3-tick’ targets on the ES are winners, despite the fact that most of the members of his trade-room do not get filled at a 3-tick target due to so many resting orders already sitting there.
Another red flag: The chat room/trade room is not open for members’ comments, so we cannot see what problems others are finding with his system.
Also: If a man is found to be a liar, can we ever trust anything he says ??? I expressed my concern to him, that if too many people sign up for his system, that there would be too many people entering with too many contracts at the same time and that would render the system ineffective. He said that he had a limit on the number of new subscribers that would be allowed to join. Since he continues to hold Webinars (“Sell-I Nars”), is it really true that there is a limit to new subscribers ?
When Right Line has winning days, they are posted immediately to their website page. When they have losing days, those results will not be posted until the point where they have a few winning days. That is, according to Mark, because “Leo had a day off”.
Hi ABBA,
Thanks for taking the time to write about everything that you are experiencing. This is the reason why I created this site, so that purchasers of products can have their voices heard.
Regarding the “3 tick” fantasy trades…is he showing a trading DOM inside of the trading room, and is the DOM showing those trades getting filled? The trading DOM present on the screen is the lynch pin. Please let me know.
Regarding the PhD credentials and the lying. Yep, you are correct in that respect and there is no getting around that. I was willing give him a pass, simply because of my own personal baggage. A lot of folks have given me a second chance, so I am willing to give anyone a second chance if they are willing to be transparent and change. But I can certainly understand that you are feeling betrayed.
Perhaps you would like to write a guest post? Something along the lines of “My experience with Right Line Trading”. You can say whatever you like or are feeling.
Hi Emmitt, Frankly, I’m disappointed in your follow-up. First, you didn’t adjust your rating and now there is none and I find your report almost flattering of Mark.
Second, you failed to mention all the things that Mark has done as a very DISHONEST vendor. I’m not going to relist them again, but the real problem with Mark is he is deceitful and dishonest about his trading and his life. Had the members of this community not alerted you to all the facts, who still be in the dark about this slimeball. How anyone would give this guy a free pass is beyond me.
If his only crime was peddling prescriptions–which has nothing to do with trading as we know–then one could possible look ahead to see what he’s done in the trading vendor world and all we find there is a man who “sounds” like he cares but the evidence shows he will lie through his teeth for other peoples money.. Perhaps you felt a sense of camaraderie given your baggage? Your credibility has taken a hit in my eyes because of this kid glove treatment to Sachs.
I agree with a lot of what you are saying. Specifically, the part of relating to my own personal baggage. You hit that on the head for sure.
However, I attempted to take into account that Mark agreed to start showing a DOM inside of the trading room. Which is a big step for a lot of these guys.
Another thing that needs to be considered is that this guy has really taken a big hit personally, professionally and financially. Imagine being a respected plastic surgeon and then falling all the way down to having nothing. Thats a tough bit of punishment.
We dont have to agree on every review, and I definitely respect your opinion on this. Now that we have a tracking mechanism for Mark’s room, we can now observe and evaluate. Time will tell.
He was not a respected plastic surgeon. Another lie. No training or certification in plastic surgery. I will detail in another post to follow.
IRS Reporter!!! You are back! I missed your twitter feed…until it got taken down. IRS Reporter is always welcome here. Finally a bigger and nastier troll than myself.
Indeed! Twitter’s never been the same since IRS Reporter left! Used to love the way he dug up dirt trolled those IU bullshit merchants!
Thanks for the “warm” welcome.
Dr. Sachs seems to be a congenital liar.
He lied about Wharton, He lied to patients regarding his training and skills as a purported plastic surgeon and it now looks like he is lying about his trading prowess and success.
If it’s the same Mark Sachs, it appears he is currently in foreclosure proceedings and maybe losing his house (if you followed IRSReporter twitter feed you would have noticed this same pattern among many trading gurus (e.g. they proclaim trading acumen but have had recent bankruptcies, foreclosures, financial distress etc)
Sounds like Emmett might want to write another update re Mark Sachs perpetual lies.
Good update, and good publicity for Mark!
It sounds almost tragic. At one point many of these vendors lost money to the markets to other scams in the past. Weren’t there conventions and such besides the boiler rooms in the 80’s and 90’s selling the latest newsletters and trading products? Dr. Marks isn’t the only former doctor turned trading vendor close to their retirement years. Everyone probably knows about Al Brooks. I would say he has good learning material however in his room he was asked and refused to ever show or announce entries until after the fact much less a trading dom. This guy said he was also a former physician. I wouldn’t waste time reviewing him though. He only shows after the fact videos of multi-point ES winners from a “confluence” of generic indicators. http://www.ninjaindicators4u.com
Wow…nice work team and wow people will go to this length…
Emmett and so agree with you as you are so true…
Mark has asked me, “Is it possible for people to judge me for my trading and not look at the stupid mistake that I made?”. My response is simple. Treat people with compassion and offer a product that you can prove actually works, in real time. You will be surprised at what people are willing to look past.
Now if you can investigate The School of Trade run by Joseph James will be fantastic..
http://www.schooloftrade.com
Great follow-up article. We have all done things in the past that we regret. While we prefer not to talk about them, it is best not to try to hide them.
I have learned that if you do things that shady people do, even with the best of intentions, people will judge your intentions. So don’t do things that shady people do. Shady people claim to have impressive collegiate degrees that are worthless in the markets. Hustler hawk magical indicators that purport to see into the future. And scam artists who can’t trade proclaim great trading results from trades called in the past.
Great traders, in my opinion, read supply and demand in the charts, or in the tape, and trade with the trend, always using good money management. High probability, low risk, high reward trading is the way to consistent profits.
I sincerely hope that Mark will come completely clean and transparent. Certainly showing his trading DOM is a great start. It will take vigilance from his members to keep him honest. Trading is tough, and resisting the siren song of quick money is even tougher.
Thanks for the great comment Brian.
Regarding Mark Sachs, I am still in a bit of shock how a person that spent 17 years going through really tough schooling, then spent 11 years as a plastic surgeon, then decides to be go into “pain management” and enable drug addicts? The worst career move since I thought I could be a professional singer, and then went onto American Idol. It turns out that my mother was wrong, I am not a very good singer.
I know prison, guys like Mark Sachs do not last very long in state prison. Not a nice place for a mild manner medical doctor. Hey I have a question, how do the other inmates treat snitches who try to extort people in prison. The author of this article is a common crook burying people unless they agree to pay him . I think that guy you roasted would make out a lot better than you in prison. I am sure you are already turned out, what a piece of shit you are. You get five stars biggest phony that ever tried to be credible.
Jesus loves you.
@ Forexwifetrailertrash accusations are easy to make and they’ve been made by other scam education providers who, like you, have failed to provide a single shred of proof. Emmett has done more than anyone to force honesty and transparency on financial education providers. Not exactly the hallmark of a common crook and if you had read Emmett’s detailed criminal past you would know that he was never a common crook, he was a crook of the highest order, a Da Vinci of crookedness.