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A list of all scam unregulated 3rd party educational vendors
- Thread starter emg
- Start date
,Quote from bone:
No need to bring your Mother into the conversation - that's personal between the two of us consenting adults.
hi bone
wishing you a merry christmas and an even more prosperous new year, K? it is the year of the dragon, you know? pix attached.
in reference to your answer to f, you really ought to be more professional than that.
professional traders, teachers, trainers and what not; having to do with multi-billion dollars entity.... really ought not stoop so low to not only degrade yourself and that also negatively affects everyone else in the profession as well.
if not for yourself, then for your own family members and all of us who trade and are in the same kettle with you also. K? pls?
Attachments
Quote from emg:
Puretick is under review.
I need a good reason why PureTick should not be on the list. If there is no reason or good reason by Monday after the market closes, puretick will be back on the list.
The reason to reconsider putting puretick back on the list is fET members strongly believe puretick is a scam.
Quote from bwolinsky:
Eprado, yes he does have that website, and depending on your broker I don't know of any stocks that cannot be shorted. Even if they have no short tables you can short anything and your broker will do it no matter how small it is.
What makes Eprado think that they cannot be shorted? Every broker who wants to earn commission will do absolutely anything anyone wants them to.
He has a very good track record, so please cross him off the list of the scams.
if there is nobody willing to challenge bwolinsky claim by monday, tim skyes will be taken off the list.
Quote from emg:
I need a good reason why PureTick should not be on the list. If there is no reason or good reason by Monday after the market closes, puretick will be back on the list.
The reason to reconsider putting puretick back on the list is fET members strongly believe puretick is a scam.
Well, since nobody gave good reason on why puretick should be on the list, puretick is back on the list. As for tim sykes, he will be off the list
Updated List
Rockwell trading
TraderInternational
DayTradeToWin
eMiniDayTrader.com
nexgen
priceactionroom.com
eminitradingcourse.com
blackjacktrader.com
Millenium-Traders
tradingonlinemadeeasy.com
easyeminitrade.com
vantagepointsoftwares.info
winborntraders.com
Mike Baghdady of Training Traders
http://www.3minutetrader.com/alerts/
http://www.2stocktrading.com/index.php
http://www.killingstocks.com/
bill duryea of ioamt.com
Rhythm of the Markets
Options Magic
TradQuest Systems
eminijunkie.com
Dave Wright "Wave Rider/Trend Catcher"
Bullseyetraders (Franz Shoar)
ShadowTraders (not the TDAmeritrade)
School of Trade SOT
http://www.james16group.us/
http://www.neweratrader.com/
ktrader.com Oliver Velez and Greg Capra, founders of Pristine.com and Mastertrader.com,iFundTrader.com
Woodies CCI Club
Larry Levin Secrets of Traders
ORDERFLOWANALYTICS.COM
the Pro Trading LLC Richard Regan
gorillagaps.com
3stepislandtrader.com
forex-trading-made-ez.com/
lmt-forex-formula.com/welcome.html
topdogtrading.com
tradingstarpro.com
robwessels.com
rs of houston
PureTick
Rockwell trading
TraderInternational
DayTradeToWin
eMiniDayTrader.com
nexgen
priceactionroom.com
eminitradingcourse.com
blackjacktrader.com
Millenium-Traders
tradingonlinemadeeasy.com
easyeminitrade.com
vantagepointsoftwares.info
winborntraders.com
Mike Baghdady of Training Traders
http://www.3minutetrader.com/alerts/
http://www.2stocktrading.com/index.php
http://www.killingstocks.com/
bill duryea of ioamt.com
Rhythm of the Markets
Options Magic
TradQuest Systems
eminijunkie.com
Dave Wright "Wave Rider/Trend Catcher"
Bullseyetraders (Franz Shoar)
ShadowTraders (not the TDAmeritrade)
School of Trade SOT
http://www.james16group.us/
http://www.neweratrader.com/
ktrader.com Oliver Velez and Greg Capra, founders of Pristine.com and Mastertrader.com,iFundTrader.com
Woodies CCI Club
Larry Levin Secrets of Traders
ORDERFLOWANALYTICS.COM
the Pro Trading LLC Richard Regan
gorillagaps.com
3stepislandtrader.com
forex-trading-made-ez.com/
lmt-forex-formula.com/welcome.html
topdogtrading.com
tradingstarpro.com
robwessels.com
rs of houston
PureTick
Last edited by a moderator:
As for Tim Sykes, just because his name is off the list does not mean he is a scam. In fact, I do believe he is running an unethical operation. Let me give u the reasons:
According to the SEC:
Penny stocks may trade infrequently, which means that it may be difficult to sell penny stock shares once you own them. Because it may be difficult to find quotations for certain penny stocks, they may be impossible to accurately price. Investors in penny stocks should be prepared for the possibility that they may lose their whole investment.
http://www.sec.gov/answers/penny.htm
In other word, it is legal to short penny stock if your broker allows it or have them.
Many brokers do not carry penny stocks because they are worthless. Who wants to carry no value stocks? In a salesman/saleswoman point of view, they need to ring a sale in order to pay their bills. If they can't ring a sale and not be able to pay their current bills, the next month, they will do anything unethical to ring sales and that means pitching "guarantee" while it is not guarantee. Once they see that works, they will continue to do it. Keep in mind, it is not regulated meaning they can do whatever they want to do.
Back to tim sykes, not everybody can short penny stock. Tim is promoting how he became a millionaires and continue making millions shorting penny stocks. If he is selling how to make millions shorting penny stocks, he must recommend a specific broker that allows to short penny stock or shadow his trades. Fail to do so becomes false and misleading promotional material and sales solicitations that overstated the advancement opportunity and profit potential. The fact is, not everybody can shadow his trades or SHORTING PENNY STOCKS. If he is ringing sales with no specific broker recommendation knowing that all of his subscribers can't short penny stocks, that becomes false and misleading.
That is what i believe.
According to the SEC:
Penny stocks may trade infrequently, which means that it may be difficult to sell penny stock shares once you own them. Because it may be difficult to find quotations for certain penny stocks, they may be impossible to accurately price. Investors in penny stocks should be prepared for the possibility that they may lose their whole investment.
http://www.sec.gov/answers/penny.htm
In other word, it is legal to short penny stock if your broker allows it or have them.
Many brokers do not carry penny stocks because they are worthless. Who wants to carry no value stocks? In a salesman/saleswoman point of view, they need to ring a sale in order to pay their bills. If they can't ring a sale and not be able to pay their current bills, the next month, they will do anything unethical to ring sales and that means pitching "guarantee" while it is not guarantee. Once they see that works, they will continue to do it. Keep in mind, it is not regulated meaning they can do whatever they want to do.
Back to tim sykes, not everybody can short penny stock. Tim is promoting how he became a millionaires and continue making millions shorting penny stocks. If he is selling how to make millions shorting penny stocks, he must recommend a specific broker that allows to short penny stock or shadow his trades. Fail to do so becomes false and misleading promotional material and sales solicitations that overstated the advancement opportunity and profit potential. The fact is, not everybody can shadow his trades or SHORTING PENNY STOCKS. If he is ringing sales with no specific broker recommendation knowing that all of his subscribers can't short penny stocks, that becomes false and misleading.
That is what i believe.
Quote from emg:
As for Tim Sykes, just because his name is off the list does not mean he is a scam. In fact, I do believe he is running an unethical operation. Let me give u the reasons:
According to the SEC:
Penny stocks may trade infrequently, which means that it may be difficult to sell penny stock shares once you own them. Because it may be difficult to find quotations for certain penny stocks, they may be impossible to accurately price. Investors in penny stocks should be prepared for the possibility that they may lose their whole investment.
http://www.sec.gov/answers/penny.htm
In other word, it is legal to short penny stock if your broker allows it or have them.
Many brokers do not carry penny stocks because they are worthless. Who wants to carry no value stocks? In a salesman/saleswoman point of view, they need to ring a sale in order to pay their bills. If they can't ring a sale and not be able to pay their current bills, the next month, they will do anything unethical to ring sales and that means pitching "guarantee" while it is not guarantee. Once they see that works, they will continue to do it. Keep in mind, it is not regulated meaning they can do whatever they want to do.
Back to tim sykes, not everybody can short penny stock. Tim is promoting how he became a millionaires and continue making millions shorting penny stocks. If he is selling how to make millions shorting penny stocks, he must recommend a specific broker that allows to short penny stock or shadow his trades. Fail to do so becomes false and misleading promotional material and sales solicitations that overstated the advancement opportunity and profit potential. The fact is, not everybody can shadow his trades or SHORTING PENNY STOCKS. If he is ringing sales with no specific broker recommendation knowing that all of his subscribers can't short penny stocks, that becomes false and misleading.
That is what i believe.
Because of the illiquidity of penny stocks, nobody will get the prices Tim gets, he is frontrunning and making money at the expense of others, his followers, that is why he is a scam
Quote from emg:
Well, since nobody gave good reason on why puretick should be on the list, puretick is back on the list. As for tim sykes, he will be off the list
Quote from emg:
Updated List
Rockwell trading
TraderInternational
DayTradeToWin
eMiniDayTrader.com
nexgen
priceactionroom.com
eminitradingcourse.com
blackjacktrader.com
Millenium-Traders
tradingonlinemadeeasy.com
easyeminitrade.com
vantagepointsoftwares.info
winborntraders.com
Mike Baghdady of Training Traders
http://www.3minutetrader.com/alerts/
http://www.2stocktrading.com/index.php
http://www.killingstocks.com/
bill duryea of ioamt.com
Rhythm of the Markets
Options Magic
TradQuest Systems
eminijunkie.com
Dave Wright "Wave Rider/Trend Catcher"
Bullseyetraders (Franz Shoar)
ShadowTraders (not the TDAmeritrade)
School of Trade SOT
http://www.james16group.us/
http://www.neweratrader.com/
ktrader.com Oliver Velez and Greg Capra, founders of Pristine.com and Mastertrader.com,iFundTrader.com
Woodies CCI Club
Larry Levin Secrets of Traders
ORDERFLOWANALYTICS.COM
the Pro Trading LLC Richard Regan
gorillagaps.com
3stepislandtrader.com
forex-trading-made-ez.com/
lmt-forex-formula.com/welcome.html
topdogtrading.com
tradingstarpro.com
robwessels.com
rs of houston
PureTick
Thank you for removing Tim Sykes, emg.
Those people that don't understand trading track records, and newsletters, of course, have no idea how profitable anything they might subscribe to actually could be, and that's no reason to shun him or think he's out to get you.
The whole point of newsletters is to make money for your subscribers, not get a nickel everytime someone makes a trade you just recommended. People wouldn't have it, and as far as I'm concerned he runs a tight ship, and if you don't want to see how he does he's let his trading techniques speak for themselves on Covestor, but if he weren't there being audited I probably would not be as vocal about treating him as unfairly as all of the other con-artists on this list, so please go forward and think rationally. No one putting out alerts like Tim's are meant to exploit fallability just for the sake of 1 or 2 months of unprofitable subscription revenue recommendations.
Come on, guys!
Pick on someone you're own size, because it's very easy to criticize and this thread has shown some positive results in ending certain scams but at least with regard to this one I am happy to stand up for a fellow model manager.
His model is excellent, and that's the only reason I'm speaking up for him. Besides, the front running danger is prevalent and a possibility in nearly every single subscription based newsletter, but only the ones with staying power making good recommendations ever continue, and Tim's probably will. He chose his market for exploiting inefficiencies by fools that invest in penny stocks, and I think it is a very valid trading accumen than buying those lottery tickets.
Last edited by a moderator: