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Seems they are going for a just a few ticks with no real pattern to entry.. just hoping for a counter bounce. and they keep saying i am in. .i know and we know.. this is not how things work unless u are hitting the market..and then u are always loosing a few ticks..
the idea of a real trader and a real room is great for us trying to get consistent.. but there has to be some method.. anyone post a video of where he took a trade and explained his methodology for that?
Bill I believe you answered Sharmas question as to your profit in saying you were only marginally profitable over the course of a year in the GTR room. Obviously you couldnt follow his trades because he isnt trading a live account and won't share any statements cause none exist. If you feel is fun to spend $8000 because Simon might rub off on you then you've missed the whole point of learning any method-- to make $$$$. If your trading full time and not making a minimum of $50000 then you are just wasting your time .Trying to constantly defend GTR without any concrete proof of a trading statement showing profits they claim is like constantly running in front a a truck.
As I have stated, I have no affiliation with GTR/Simon other than being a member. At the beginning of this thread, some wanted opinions from members. Thats all I was offering. Good luck.
I've traded for 20+ years in Futures and in FX as an institutional manager and CTA.
I can see how the GTR method may be appealing if you are relatively new to trading (say less than 5 years experience) BUT........
The education they offer can be had by reading about market profile or volume profiling. Don't send this guy money ! If he runs a special membership rate less than $500.00 ALL IN per YEAR, then it is worth it, but for any amount over this it is a waste.
before someone thinks about wasting his money, just ask yourself:
- why did Simon change the website ?
- why is Simon not trading a real account, just SIM ?
Simon never claimed to trade real money. There was a statement from him where he clarifies he`s trading SIM. If my mentor ist not able to trade for a living because he´s only on SIM,why should i think he`s trading is profitable?
Lerning to put an order on a lvn is not worth the 8K.
GTR has been exposed!
Thanks to tradingschools and people who filed CFTC complaints,
"On September 10, 2019, the CFTC filed a formal complaint alleging fraud against Simon Jousef."
"In the complaint, the CFTC investigated Simon Jousef and discovered the following:
.
That Simon Jousef claimed to be trading “live.” Yet, the CFTC discovered that he never even had a trading account.
.
.
That he had never earned a profit trading Futures or Forex.
All of the customer testimonials were fraudulent.
The spreadsheet of supposed “real” trades were all fraudulently created."
(what I'd often suspected of these marketed expensive dubious trading room vendors, that they never traded live or had old losing accounts)
By affiliation, it seems likely Dean Handley & Bob Amico (now Veritas futures trading) were all in on it also and are all now under investigation.
$8,900
who the fuck would give this guy money based off that shitty website, he spelled "blew up" like blue up...
sometimes you feel bad when people get ripped off but almost 9k for a trading room and a course .. god help these people
( not targeted at you cloudy)
-P
"Truth is not what you want it to be; it is what it is, and you must bend to its power or live a lie"-Miyamoto Musashi
Yes, it's sad that many were suckered. "From 2014 to 2016, Simon Jousef sold consumers a total of $1,300,000 in live trading room subscriptions and magical magnet trading indicators." Fortunately for myself I had wised up before coming across GTR and the like. It may be another good first step by the CFTC to make inroads exposing this overall sordid business of selling dreams. Syke's empire and bought out shilled review sites has made far more many millions and Warrior Trading is getting up there as new hapless newbs continue to start to discover "trading vendors".