A list of all scam unregulated 3rd party educational vendors

Quote from BrianRTS:

I do not normally post to forums, however I have heard that some information that I have distributed has been misinterpreted. My name is Brian from Robotic Trading Systems, the exclusive distributor of the CoolTrade software.

I have had many email correspondences with David, who goes by Lindq on this post. I met his wife at a networking event and spoke to her about the CoolTrade software. I gave her a report that began on August 18, 2011. She indicated that she would pass the report along to her husband.

The next day, I received an email from David asking many questions. I answered all of them to the best of my ability in an email, and I invited him to an online demo of the software so that I could better answer any additional questions that he might have.

I also sent him a link to a second CoolTrade simulated account (working in real time) so he could see additional reports. His reply was:
“Brian, none of this, as you know, is answering the question I posed regarding the list of trades being handed out in your promotional materials.__As regards a "system" running since Jan 26, you could have bought anything and made good money in this timeframe.__ As you could have with the "system" you are showing in your promotional materials.__ The S&P itself has made great gains in those timeframes._No need getting back to me with more canned responses._ I understand the score here.__ I will introduce myself at your next networking meeting, and we'll continue the conversation at that time._
David”
I did answer his question. He did not understand the answer, so instead of calling me and getting a full explanation, he now seems to have a “score” to settle?

This is when he stopped answering my emails and began this post. He then edited and posted my responses on this thread as follows:
"The strategy is a swing trade strategy and holds positions overnight or until they become profitable. "

My actual answer was: “The strategy is a swing trade strategy and holds positions overnight or until they become profitable. On the report she was given, the trader is holding approximately $7,500 in open trades as inventory.” For some reason, David left off the rest of my explanation?

He also posted “Were the results presented as hypothetical or actual?”
“Presented as actual trades, not historical. This was the response from the company's rep when questioned about it.”

My actual reply “Not historical. The report was_started_on 8/18/11 and uses a live feed from TD AmeriTrade. It is a simulated account that uses a real time feed.”

The reason I am answering this thread is because of David’s misleading post. Bloggers like bwolinsky stated:
“bwolinsky: Certainly a violation, though I doubt they're NFA registered. No disclaimers anywhere? If so then that would qualify.”
Robotic Trading Systems sells the CoolTrade software that automatically trades the stock market based on the users rules. At no time do we imply that we are financial advisors, so no, we are not NFA registered and there is no violation of any kind. Once you download the software, all transactions are strictly between the user and their broker partner.

Also the last page of EVERTHING we hand out says “Disclaimer: The example strategies are for demonstration purposes only. Robotic Trading Systems and CoolTrade do not make buy, sell or hold recommendations. Unique experiences and past performances do not guarantee future results.”

And BlueTrutle “Do you have proof he said this about real trades.” Again if he posted my entire reply “It is a simulated account that uses a real time feed.” There would be no confusion. And “Did you then use the software and lose money.” No, he has never even taken me up on an over the phone computer linked demo. I have invited him to either come into our office or have an online demo 5 times.

From my emails to David:

2/16/11: “I would be glad to give you a live demo via Join.me where you can view my computer and I can walk you through the front and back end of the system. It takes about 15 minutes.”

2/17/12: “I would be glad to give you a live demo via Join.me where you can view my computer and I can walk you through the front and back end of the system. It takes about 15 minutes.”

2/17/12: “I would be glad to do a demo for you so you can see exactly what the software is capable of. It takes about 15-20 minutes and can be done in front to your computer with me on the phone with you.”

2/21/12: “Give me a call at your earliest convenience and I will be glad to walk you though the front and back end of the system.”

2/21/12: “I would be more than happy to meet with you at the next marketing meeting, unless you would prefer to come by our office to see the trader working during market hours or I can also do an over the phone demo at your convenience.”

CoolTrade is not a scam, I am proud of the company. I don’t understand David’s animosity toward a product that he has never even seen?

He hides behind “My friend told me…” when it was actually him. I am being completely honest, and David is misleading the people of this fine post.

I would gladly give David, bwolinsky, BlueTrutle or anyone else who would like to see our fine product a demo of CoolTrade.

Thank you,
Brian
Robotic Trading Systems

PS. This will be my only post on this thread, as it is reserved for scams. If anyone would like to discuss CoolTrade, I will be happy to do so on the Strategies thread.
More...

Good answer, and this is what I was thinking....."Once you download the software, all transactions are strictly between the user and their broker partner." The word "scam" doesn't apply here at all. I didn't think it did. You may not think the software will give you returns like some hedge fund you follow; whatever. Don't buy it. I suggest others use their energy towards the people that sell online classes for $5000 and say things like, "I will teach you secrets only the professionals know. The ways of a master hedge fund. The holy grail. How to turn 10k into 1 trillion dollars. Secrets never seen in books. Magic from indicators only I know. Guaranteed rules that, if followed, will make you rich beyond comprehension. Now buy my class.....blah blah blah."
 
Quote from BrianRTS:

I do not normally post to forums, however I have heard that some information that I have distributed has been misinterpreted. My name is Brian from Robotic Trading Systems, the exclusive distributor of the CoolTrade software.

I have had many email correspondences with David, who goes by Lindq on this post. I met his wife at a networking event and spoke to her about the CoolTrade software. I gave her a report that began on August 18, 2011. She indicated that she would pass the report along to her husband.

The next day, I received an email from David asking many questions. I answered all of them to the best of my ability in an email, and I invited him to an online demo of the software so that I could better answer any additional questions that he might have.

I also sent him a link to a second CoolTrade simulated account (working in real time) so he could see additional reports. His reply was:
“Brian, none of this, as you know, is answering the question I posed regarding the list of trades being handed out in your promotional materials.__As regards a "system" running since Jan 26, you could have bought anything and made good money in this timeframe.__ As you could have with the "system" you are showing in your promotional materials.__ The S&P itself has made great gains in those timeframes._No need getting back to me with more canned responses._ I understand the score here.__ I will introduce myself at your next networking meeting, and we'll continue the conversation at that time._
David”
I did answer his question. He did not understand the answer, so instead of calling me and getting a full explanation, he now seems to have a “score” to settle?

This is when he stopped answering my emails and began this post. He then edited and posted my responses on this thread as follows:
"The strategy is a swing trade strategy and holds positions overnight or until they become profitable. "

My actual answer was: “The strategy is a swing trade strategy and holds positions overnight or until they become profitable. On the report she was given, the trader is holding approximately $7,500 in open trades as inventory.” For some reason, David left off the rest of my explanation?

He also posted “Were the results presented as hypothetical or actual?”
“Presented as actual trades, not historical. This was the response from the company's rep when questioned about it.”

My actual reply “Not historical. The report was_started_on 8/18/11 and uses a live feed from TD AmeriTrade. It is a simulated account that uses a real time feed.”

The reason I am answering this thread is because of David’s misleading post. Bloggers like bwolinsky stated:
“bwolinsky: Certainly a violation, though I doubt they're NFA registered. No disclaimers anywhere? If so then that would qualify.”
Robotic Trading Systems sells the CoolTrade software that automatically trades the stock market based on the users rules. At no time do we imply that we are financial advisors, so no, we are not NFA registered and there is no violation of any kind. Once you download the software, all transactions are strictly between the user and their broker partner.

Also the last page of EVERTHING we hand out says “Disclaimer: The example strategies are for demonstration purposes only. Robotic Trading Systems and CoolTrade do not make buy, sell or hold recommendations. Unique experiences and past performances do not guarantee future results.”

And BlueTrutle “Do you have proof he said this about real trades.” Again if he posted my entire reply “It is a simulated account that uses a real time feed.” There would be no confusion. And “Did you then use the software and lose money.” No, he has never even taken me up on an over the phone computer linked demo. I have invited him to either come into our office or have an online demo 5 times.

From my emails to David:

2/16/11: “I would be glad to give you a live demo via Join.me where you can view my computer and I can walk you through the front and back end of the system. It takes about 15 minutes.”

2/17/12: “I would be glad to give you a live demo via Join.me where you can view my computer and I can walk you through the front and back end of the system. It takes about 15 minutes.”

2/17/12: “I would be glad to do a demo for you so you can see exactly what the software is capable of. It takes about 15-20 minutes and can be done in front to your computer with me on the phone with you.”

2/21/12: “Give me a call at your earliest convenience and I will be glad to walk you though the front and back end of the system.”

2/21/12: “I would be more than happy to meet with you at the next marketing meeting, unless you would prefer to come by our office to see the trader working during market hours or I can also do an over the phone demo at your convenience.”

CoolTrade is not a scam, I am proud of the company. I don’t understand David’s animosity toward a product that he has never even seen?

He hides behind “My friend told me…” when it was actually him. I am being completely honest, and David is misleading the people of this fine post.

I would gladly give David, bwolinsky, BlueTrutle or anyone else who would like to see our fine product a demo of CoolTrade.

Thank you,
Brian
Robotic Trading Systems

PS. This will be my only post on this thread, as it is reserved for scams. If anyone would like to discuss CoolTrade, I will be happy to do so on the Strategies thread.
More...

Not a single word of your post negates my claim that your marketing materials are designed to mislead the public as to the capabilities of your software.

The FACT is that your promotional materials show 11 pages of trades without a single losing trade, and show this as the SINGLE example of CoolTrade.

Is this not a fact?

And at no place on your materials do you state that there are still open trades...or that this is just one example of many systems that you have run.

Is this not a fact?

This is clearly, clearly, misleading to the public, and you know it to be so.

And unless I am mistaken, the only reason CoolTrade was ever mentioned on this thread was an initial posting by your CEO. And the only reason why I posted was in response, because I won't let members of this board have the wool pulled over their eyes by misleading performance claims.

This is a site for and by traders. Not all of us just fell off the potato truck.

CoolTrade may, in fact, have some value to some investors. I don't know. But IMHO your company is doing itself a huge disservice by spending time posting on this board, and on others. If you have satisfied customers, let them speak for themselves. There is no better marketing than word-of-mouth.
 
Quote from dietsoda:

That is fine, you should assume some responsibility if any more victims surface after this. It's called collusion by silence and sites like this who enable these predators should be held accountable as well.
More...


if Affinity is a scam, another ET member will post it in here. Don't have enough info to place affinity on the list as of yet. But your comment will be counted.
 
Quote from BrianRTS:

I do not normally post to forums, however I have heard that some information that I have distributed has been misinterpreted. My name is Brian from Robotic Trading Systems, the exclusive distributor of the CoolTrade software....

....CoolTrade is not a scam, I am proud of the company. I don�t understand David�s animosity toward a product that he has never even seen?

....I would gladly give David, bwolinsky, BlueTrutle or anyone else who would like to see our fine product a demo of CoolTrade.

Thank you,
Brian
Robotic Trading Systems

PS. This will be my only post on this thread, as it is reserved for scams. If anyone would like to discuss CoolTrade, I will be happy to do so on the Strategies thread.
More...

alright, brian.

i surely want to take you up on your generous offer.

it appears that you are very confidence of your software, correct?

i would be very much interested in seeing you et al using your software to prove your confidence and points put forward here in your rebuttal..... by trading NOT ONLY LIVE feed but also real money on real time and real account.

by trading a live account to show david and everyone else on this forum that your confidence and acclamation of your highly valued software is not just sale talk and that your software that you are very proud of, could really be put into action and test--to prove your point and shut up all the critics once and for all.

would you be able to rise to that occasion to put your company and software to real test by going live?

over the years, i have already heard tons and tons of explanations and excuses as to why a trading trainer, coach, ceo, cfo, proprietors et al would not want to demonstrate his/her highly valued tools in real time with real live account. however, there are a handful of trainers who have already gone on to trade live to prove that their software is really workable and tradeable AND that those trainers really know how to trade profitably and consistently.

how about your own valued software and your trading experiences--do you have enough confidence to put everything on line to go live just once, without any excuse or hypothetical verbiage like many many other trading educators? since i do not know you personally or biz wise, so i have no reason to pick on you or your software or company, correct?

let us know WHEN YOU WOULD BE ABLE TO TRADE LIVE ACCOUNT to prove to yourself and all your critics, and also to enlighten all the readers on this forum? i surely hope i did not offend you in anyway, K? thx brian for posting and explanation.

NOW, it is entirely up to you whatever you choose to do, OK? there is absolutely no pressure whatever from this end. cheers and happy and profitable trading, brian.

succinctly, if you are for any reason unable to take your software to the next level by using it to trade on a live account, then there is really no reason for you to post any further which we all would understand that you are exercising your rights, K?
[/B][/QUOTE]
 
Quote from emg:

if Affinity is a scam, another ET member will post it in here. Don't have enough info to place affinity on the list as of yet. But your comment will be counted.
More...




Noted!
 
The trading educational arena can become a very slippery slope. If you manage a website, you are soo worried about a brand new client seeing the page for the first time....so you have to be positive 99.99% of the time. they can't see you lose if you don't have an honest track record in plain view.

i only glance, not read, a few blogs, and everyday they seem to make thousands.

I know this thread is doing good for new traders or traders really "wishing, hoping" to turn things around....you really want to believe in someone and trust they can take you on that profitable path. it's like a psychic who meets an emotionally damaged person. it's easy to take their money. i read a story the clients bring in bills and the psychic keeps all money with 6's on them. haha. and then switches them with paper and burns the paper. the client thinks it's money being burned.
 
@emg and all fellow traders

BEWARE of what is looming and trying WITH A NEW FACE AND NAME to seduce many unaware--APIARY FUND and several other names, from the state of utah.

attached are some copies of what is available on the net about this company, whose chief trader, is the same as the ceo, is the same as everything else on different pages on the net.

questions that were directed to the proprietor(s) went to date unanswered:

1--who is acting as its clearing house?

2--which financial institution(s) is holding the funds that will be used for funding individual traders as they said they would finance?

3--why apiary is not willing to release original actual real time and real money trading records of its claiming trading officials that were used in the ads to entice interested novice traders?

just be cautious alright?

read over the attachment and decide for yourself--apiary funds and what not, per attached. have a wonderful remaining weekend everyone.
 

Attachments

Quote from nakachalet:

@emg and all fellow traders

BEWARE of what is looming and trying WITH A NEW FACE AND NAME to seduce many unaware--APIARY FUND and several other names, from the state of utah.

just be cautious alright?

read over the attachment and decide for yourself--apiary funds and what not, per attached. have a wonderful remaining weekend everyone.
More...
 

Attachments

You must log in or register to reply here.
Back
Top