thomasanderson

Bad news bears. How long ago was that steve?

Apparently they are recently under new management, with a new moderator. Maybe the old one was bad?

Can you elaborate TAMS?

Just wondering if anyone has tried these guys out, and if so, what was your experience like? Good, Bad? I was thinking to give their free trial a go this week, but just wondering if anyone has opinions on them first... Thanks in advance.

I am a former Zaner Group client. I had horrible experiences with them, and as a consequence i now hate them with the burning passion of seven suns. There was once incident which put things over the top for me. I was in a trade on the TF, a long, and the market was going up nicely for me. When it hit my target and went through it, but i did not fill. i hit the CLOSE button on my ninja DOM, my position remained open. I called up Zaner immediately, and got on the phone with their service guy. I told him my account number, and my problem, and he tried to work his magic. He could not close the position for me either! He said there was a problem between them and the exchange. He called the exchange to get it resolved, but could not get through to them. I was nervous because my position was still open, however the market was still moving in my favour, and instead of being up 10 ticks, i was now up 30 ticks. He said there was nothing he could do until he could get through to someone at the exchange. He suggested that we get off the phone and he would work to get the problem resolved as soon as possible. In the interest of letting him do his job efficiently and close my position quickly, i got off the phone. I watched the TF as it kept climbing. From my initial position i was now onside 60 ticks. About 15 minutes later (i was still up 60 ticks) he called me back and said that their connection problem with the exchange was resolved. He said 'i see that you're short now, are you supposed to be?' I said "NO. My DOM is not showing me short, i have not been entering new trades, and i'm just waiting patiently for you to fix this problem!!" He then closed me out of my short position at a net loss of 40 ticks. Apparently i had been short for quite some time before he called to say so! My DOM certainly did not say that i was short. I asked him about resolving the issue with my account and he said there was nothing i could do. He said that they are NOT responsible for losses that occur because of technical errors on their end. I fought with him over this for a while on the phone, but he just said 'tough luck'. I was feeling ripped off because i was long the market from 60 ticks below where it was currently trading, yet had lost several hundred dollars on the trade. I emailed Matt Zaner to see if he would resolve the problem. He wrote me and said he'd look into it. I didn't hear from him for several days, and wrote him again. No response. Wrote him a week later, he said he'd look into it and resolve it. No resolution. I wrote him a month later, no response. I wrote him two months later, no response. I would highly recommend staying away from this group. They are awful! Please don't give these a**holes your money! Cheers.

I tried pagetrader for about 6 months a couple of years ago. I have honestly been dying to write a review of this trading service for a while. I feel like it's one of the biggest scams going. I lost thousands of dollars trading his exact signals, which were totally aweful. The problem, or the 'scam' part of pagetrader is that the system recommends going long or short at a particular price, PLUS OR MINUS two ticks. When they report the results, and advertise them on their site, they assume the best possible entry price. This effectively exaggerates all their results by two ticks, and if you go through ALL their posted results (which i have), you'll see they average two ticks per trade!!! I went back over months and months of their results and did the math myself. Here's an example to illustrate what i mean: They will recommend a buy limit order on the ES at 1332.0, and suggest that you could get up to two ticks earlier than that. IF the price comes down to 1332.5 and bounces up from there, they assume that you DID get in 2 ticks earlier (even though you likely wouldn't have filled), and made money on the trade. They report this as a winner. If the price comes down to 1331.5, they assume you got filled at 1332.0 (even though they suggested you could get in as early as 1332.5). So, if this trade happens to be a winner, they report that they got in at 1332.0 (again, even though they suggested you could get in as early as 1332.5). See the problem? In addition to that, of course if this trade was a stop out, they report a loss of two ticks less than what it would really be if you got in at 1332.5. So, they have a methodology which seems to break-even, and they exaggerate all the results by two ticks because they're assuming best-case scenario, so overall it looks like their results are profitable. TOTAL SCAM ARTISTS. I have been a member of many many trading rooms, and lost thousands of dollars with lots of them (like i did with pagetrader), but i REALLY hate these guys in particular because i think they are completely dishonest. I would highly recommend staying away, and not getting sucked in by their reported results, because they are total BS. Cheers.