A list of all scam unregulated 3rd party educational vendors

Hi everyone,
I spent there at Puretick.com .
I 've posted this elsewhere- no need to repeat.
Yes, some of the things posted about them as a negative
is true: obnoxious, high pressure, not exactly true fills.
Ok. nuff said.
I personally had a good experience there. Dropped out only
because of current work demands.
Ok, nuff said.

Hey can anyone tell me about worthwhile sites that are not on this list ?
I ask this only to be positive, and I am focusing in a pos. direction only ? As I am only trading part-time now. Love to get back into it - full time.

Please post a list of worthwhile vendors, trading rooms.
I look forward to your replies.
Let's drop the chat about Puretick.com - enough has been said- let's move on.
Big traders will want to move on..
Thank you,
G.
 
Quote from Greg88:

Hi everyone,
I spent there at Puretick.com .
I 've posted this elsewhere- no need to repeat.
Yes, some of the things posted about them as a negative
is true: obnoxious, high pressure, not exactly true fills.
Ok. nuff said.
I personally had a good experience there. Dropped out only
because of current work demands.
Ok, nuff said.

Hey can anyone tell me about worthwhile sites that are not on this list ?
I ask this only to be positive, and I am focusing in a pos. direction only ? As I am only trading part-time now. Love to get back into it - full time.

Please post a list of worthwhile vendors, trading rooms.
I look forward to your replies.
Let's drop the chat about Puretick.com - enough has been said- let's move on.
Big traders will want to move on..
Thank you,
G.
More...

You can check out Covestor.com for real money stock trades with 180 models to choose from, or you can wade through collective2.com and pick the next bit of random outperformance by people who have a habit of starting new systems under different aliases just to have their bad systems implode while keeping their good performing ones in front of investor's faces.

C2 and Covestor are the only sites you should pay any attention to, because they are as real as it possibly gets.
 
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.
More...

So continuing to deny this is an excellent track record:

http://covestor.com/timothy-sykes/contra-hype

Doesn't make sense, because it is a great system and if people are subscribing to his alerts outside of Covestor then they probably can short whatever he recommends, or else they wouldn't subscribe in the first place.

Much of what I understand about his methods is only by his equity curve, and even though Covestor doesn't allow IB to place trades that are outside of market capitalization constaints I'd say he knows what the hell he's doing, and anybody who subscribes probably finds brokers that'll let them trade his alerts, again, or else no one would subscribe, and he's not a broker or IA so if you subscribe and find you can't follow his trades then switch brokers. IB definitely handles his trades well, and I would say anybody subscribing to him or his model will quickly figure out if it's worth subscribing, and that isn't any different for anybody putting out newsletters while having a 3rd party verify an actual track record of those recommendations.

All thumbs up to him, and even though you believe he's perpetuating a scam the inability to follow his trades is not a consideration to claim fraud because otherwise nobody would subscribe or follow his lead.

Think about that, emg.
 
Thanks for your input.
I will add this to my list.
Let's have more positive sites.
Tim Sykes - is a scam. No broker will let
you short penny stocks; Unless you are a
broker, that is underwriting that very stock.
An experienced trader can see quickly
through Tim's blurb on his website.
He's just hooking in gullible investors.
Thanks for contributing.
Cheers,
G.
 
Quote from Greg88:

Thanks for your input.
I will add this to my list.
Let's have more positive sites.
Tim Sykes - is a scam. No broker will let
you short penny stocks; Unless you are a
broker, that is underwriting that very stock.
An experienced trader can see quickly
through Tim's blurb on his website.
He's just hooking in gullible investors.
Thanks for contributing.
Cheers,
G.
More...

If IB won't let you short penny stocks, I have news for you: Yes, they will!

Every broker who wants commission, (think about how many who don't), must do anything an investor submits to them.

You can do his trades, but he has first mover advantage as a leader, but that's like with every newsletter but rarely does that newsletter have a 111% return in the past 3 years verified by Covestor.
 
Sorry to mislead you Bwolinsky. Agreed penny stocks can be shorted,
but- not all. It depends on many issues .
You're playing with fire on thinly traded stocks, too easy to
manipulate the price. Not my style.
I'm more of a futures day trader- no long holds.
I'm interested in contributing positive thoughts- so, I
don't suggest penny stocks for heavy investing- too many
failures happen with them. Fwiw.
Cheers,
G.
 
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
 
Last edited by a moderator:
Hi Emg,
I guess the above list is the scam list ?

Could you post a title of scam list, just so people won't think
you're recommending the sites on that list.
fwiw.
Thanks for all,
Greg
***
 
Been a while since I visited this forum. Been busy trading and celebrating the holidays.

Good to see that the list is still going strong! Concerning the Rockwell Trading scam, there is actual proof in writing from a rockwell trading insider (an Infinity Futures employee) that the "powerful daytrading strategies" rockwell trading sells are completely worthless. Besides that Markus Heitkoetter (CEO rockwell trading) is now handling client support at infinity futures. Isn't that hilarious haha!!

You can read al about this and more on:
www.rockwelltradingscam.wordpress.com

Enjoy and keep up the good work guys!

Shaka :cool: ,

Frits
 
I see that there are many "scams" ....God knows I've been to a lot of them....It usually doesnt take me long to figure the con or scam. You guys did a great job of listing them..

But on the other side...Is there a list of endorsed sites...? There must be a few around ....Right...?
 
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