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dv007
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Content Count
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Personal Information
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First Name
TradersLaboratory.com
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Last Name
User
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City
Boston, MA
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Country
United States
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Gender
Male
Trading Information
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Vendor
No
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I have sworn off rooms until i find somene that will show actual trading statements. None will because they are either not trading or they are not profitable. The idea of "I just like to teach" is crap. I trade a stochastic system I learned from Buffy in dacharts.com - I do slightly better than break-even.
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Have you been in the room everyday, marking up your charts based on what he says are the entries? i did and his bogus videos showed winners that were not there during the day (and many losers were NOT shown). I hope it works for you. i have been trading for 7 years and I know B.S. when i see it. I will never work with another vendor unless they show me statements - this eminijunkie does not trade his own stuff - I can tell by his comments in the room. You might be defending him now, I predict you will be signing a different tune soon enough.
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When I was there (4 months) someone kept asking him about specific trades that were in the videos (suggesting they were innacurate) and he would quickly say that he thought they were accurate and move on to another subject. He would NEVER go over each trade in question in order prove that they were accurate. this would have been a big help to the people in the room. Maybe you have not been there long enough, in time you will see. Why would he put a trade on the video as a win that was a loss in the room - he did that every week and that is unethical at best.
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His video recaps are quite simply an effort to deceive potential customers. The fact that he doesn't let you question them tells you how dishonest and ingenuine he is. He feigns transparency when there is none.
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Wow - looks like we've got a hot head here. I gave you my feedback AND my experience about junkie - and I told you that SIM results don't mean anything...it all changes when you go to real money. Stay in the room for all I care, I warned you...and peace out (whatever that means).
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You were in SIM - trade real money and post your statements.
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I'm not in a room right now...I get distracted too easily by the moderators comments - and I'm convinced most of them are not trading so why should I listen to them (HAHA!).
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I was a eminijunkie room member for 4 months. I have been trading for over 5 years and was looking for a mechanical method in order to combat some psychological demons getting in the way of my discretionary trading. Here are my thought on his method and room: 1. His video results are bullsh#t. There are ALWAYS at least 4-5 full stop outs per week that mysteriously don't show up on his videos. Many days he shows as +20 tick winners are barely break even and break even days can easily be -20 losers. When I emailed him about losses he missed he'd sometimes say "yeh, I missed that one" or he'd draw the fib from a different spot than he normally would just to try and defend the trade. 2. His trade management and risk/reward is terrible. A full stop for the suggested 2 contracts is -14 ticks, his average gain is +2 ticks for T1 and about +7 ticks for T2. You need 2 winners for every loser to get back to even after commissions. He boasts that when you get your T2 +2 ticks you then move your stop to -4 ticks to "reduce risk". It might make you feel good but that usually means its wrong and in this case it is wrong. 3. He has other trades he's call "range trading" he NEVER says "I'm in a range trade right now at x price, my stop is x and I will exit at x. All he says is "I've been range trading this and making money"...sure your have. 4. He is a great salesman - he was a salesman for Tradethemarkets.com before starting the room. He's able to brainwash people into thinking that every market move is based on a 50% retracement...bullsh#t after the fact chart reading is all it is. Show us your statements and I will believe you are a profitable trader and can make those ticks in your videos. Guess what, he'll never do that because he is not making anything close to what he shows on the videos (if he is even trading at all). When he has shown "live trades" on video THEY WERE IN SIM !!! (you can tell by the infinity DOM). Since his plan and room are cheap people stay in for a while...believe me, they are wasting their time as his risk/reward will eat them up eventually. I've seen that some room moderators are getting transparent these days and showing their trading DOMS live. If any "junkie" is reading this post you should suggest it to him in the room one day - see what he says
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Of course you can...in this case, if he is manually placing dots after the fact then he is committing fraud. Since he has been in business for a while I'm guessing there is another explanation. He could be sending out only the time frame charts that look good. Only someone that has used it live would know.
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How does it perform differently live then it does in the static charts he sends out? I'm always skeptical but the charts he shows look promising. I was thinking of looking at something like this to confirm my existing signals but if they don't perform reasonably in real time there's no sense wasting time/$ on it. Let me know - thanks!