Analytic 

Thank you Bob. I also don't recall Dr. Dean ever being flagged as a scammer. His video reviews are very helpful and he exposes a lot of retail trading vendors who are frauds and outright scammers. His videos have been very helpful in the past. He saved me a ton of money. I also find his techniques for evaluating trading performance very helpful.

Vinny was also "helpful and exposed retail trading vendors". It's all of their marketing plan.

Vinny's traders post their results on his        , are all the great results made by straw men, meaning fake traders? He'd be a very busy person if he was posting results for all the "allegedly fake traders" on his        .

Charley1 

Vinny's traders post their results on his        , are all the great results made by straw men, meaning fake traders? He'd be a very busy person if he was posting results for all the "allegedly fake traders" on his        .

Based on my understanding and recollection, he makes them do that or they risk getting banned from the group.

Maybe someone else can confirm. But I think I read that way back in this saga of a thread.

planetkill 

Vinny was also "helpful and exposed retail trading vendors". It's all of their marketing plan.

I can summarize the entire trading vendor industry in one sentence:

Any trading vendor who claims to make money from trading one or more strategies and doesn't produce an independent 3rd party verified 2 year trading track record is most likely a fraud.

planetkill 

Vinny was also "helpful and exposed retail trading vendors". It's all of their marketing plan.

Vinny's exposure videos are mostly nonsense. There are much better people exposing trading scams who show the numbers without all the drama. That's what I did with ICT.
I took ICT's trading performance numbers from his 2 months of live trading on TOS and explained why his performance was not very good.

Big Mike 

Based on my understanding and recollection, he makes them do that or they risk getting banned from the group. Maybe someone else can confirm. But I think I read that way back in this saga of a thread.

Confirmed. When I was in Vinny's         room back in 2019 he would request/demand that all algobox traders to post their daily trading results with price charts in his room "so he can help them"
However I do recall him saying once something like "Just post your winners, I'm not interested in your losses" . Then at other times he did seem ok with people posting their losses
as long at it was not every day and as long as they blamed themselves for their trading losses and not him or Algobox.

Analytic 

I can summarize the entire trading vendor industry in one sentence: Any trading vendor who claims to make money from trading one or more strategies and doesn't produce an independent 3rd party verified 2 year trading track record is most likely a fraud.

How exactly does one get an independent third party to audit the broker statement?

It's not hard to fake or edit PDF files. I'm genuinely wanting an answer because I need to make use of it.

Big Mike 

How exactly does one get an independent third party to audit the broker statement? It's not hard to fake or edit PDF files. I'm genuinely wanting an answer because I need to make use of it.

There are companies that will do it if you trade with them like collective2 (Trader John Netto has a 2 year track record with them, Vinny also has a track record with them) and Robbins Trading (Traders: Andrea Unger, Kevin Davey). Alternatively traders can hire an accountant to do it like John Netto did for 5 years of his trading. His audited results are published in his book "The Global Macro Edge"
Some retail trading brokers like AMP won't allow accountants to audit their broker statements even with customer written and signed consent.

Vinny has a 3rd party verified 1.5 year track record with C2 and a 10 year 2nd party verified track record with Amp Futures.

Analytic 

I can summarize the entire trading vendor industry in one sentence: Any trading vendor who claims to make money from trading one or more strategies and doesn't produce an independent 3rd party verified 2 year trading track record is most likely a fraud.

Al Brooks has never produced records like this, and he's the real deal. He's assembled a murderer's row of very successful traders who learned from him and attribute their success to him. Ali Moin Ashfari, Tim Stout, Tim Fairweather, & Rose (from his trading room who I watched kill it for months in a row day after day real-time) as examples.

People I've talked to close to who are very close to Al say he has very few losing days EVER. Al's said himself he hopes to go through an entire calendar year without a single losing day, but hasn't done it yet. He often talks of his "friends" who have a success rate of over 90% scalping. As in, the proverbial friend we all turn to, usually when asking an embarrassing question. "For a friend".

So yes - The majority of people out there are scammers. But not everyone. I only happen to know about Al b/c I've studied under him but I'm sure there are other honorable folks who don't produce the records you think they should, who are legit.

The clearest hallmark IMO is you can see what they're selling and how they position it. In this case it's obvious most Guru's are doing it to support their lifestyle and to get their gamble on in the markets. But some, like Al, are pretty much giving away decades of hard earned knowledge, and making no promises to students beyond a lot of hard work and heartache along the way to profitability.

CamTrader96 

Al Brooks has never produced records like this, and he's the real deal. He's assembled a murderer's row of very successful traders who learned from him and attribute their success to him. Ali Moin Ashfari, Tim Stout, Tim Fairweather, & Rose (from his trading room who I watched kill it for months in a row day after day real-time) as examples. People I've talked to close to who are very close to Al say he has very few losing days EVER. Al's said himself he hopes to go through an entire calendar year without a single losing day, but hasn't done it yet. He often talks of his "friends" who have a success rate of over 90% scalping. As in, the proverbial friend we all turn to, usually when asking an embarrassing question. "For a friend". So yes - The majority of people out there are scammers. But not everyone. I only happen to know about Al b/c I've studied under him but I'm sure there are other honorable folks who don't produce the records you think they should, who are legit. The clearest hallmark IMO is you can see what they're selling and how they position it. In this case it's obvious most Guru's are doing it to support their lifestyle and to get their gamble on in the markets. But some, like Al, are pretty much giving away decades of hard earned knowledge, and making no promises to students beyond a lot of hard work and heartache along the way to profitability.

How do you know that Al or any of his traders have a long term net positive expectancy? It doesn't matter what anyone says, it's what they can prove. Some vendors may have trading info that you find helpful which is fine of course but we should be careful about saying that certain traders are profitable without having any proof to show. Unfortunately many retail traders will believe 2nd or 3rd hand "here say" which is one of the big differences between retail traders and pro-traders (prop, fund).