Quote from wally1950:
Saw this in topic menu and must comment. I have been trading with Jay for over 2 years now, since before he was calling trades for Global Brokerage. Jay used to trade in the same room at Global as I did and let me tell you; Global was so impressed with his system, they hired him to take over the trading room using this same system. He left Global as they were pushing for him to move to their California headquarters and because he was caring for his terminally ill mother in his home, this was not an option.
He then opened a room on Paltalk at the request of fellow traders from Global who wanted to stay with him. vanquish if you had been around in those days, you would know the room was totally free. Jay was getting more and more pressure to sell his model. Because the training required to know the in and outs of his model was time consuming, he found that he, himself was trading less and asked if we would mind paying a fee.
vanquish, did you stay with the room for the 6 weeks free time they offer? I know Jay recommends that trained members take full advantage a free time to become familiar with his style of trading before going off on their own.
I do know he makes No promises on expectations of the daily profits; in fact the only thing he says about expected daily profits is that he hopes to give every member the opportunity to make a $250.00 target each day if the market conditions are favorable. Hence name of his room Jayâs Double Nickel ES School 250 Target
His model does make anywhere from 5-30 handles per day, but he is first to tell all members that they are NOT going to get a fill on every order.
âJay will tell you that he has traders that are trading his system on 100 lots, scalping for 3 tics.â
Not totally correct again vanquish. He does say that he has traders who trade in 100 lots, as I have told him to use myself as an example, I trade a 100 lots at a time. He then explains to room, some traders only like to scalp and some like to wait out for the completed model trade.
âOne guy was in the room last week and asked if Jay really got those fills and off course the prospect got booted, for asking hard questions..â
Jay very rarely bans hecklers, in fact he generally lets them sit and see his style of trading. Only bans he makes if they are saying vulgar things about other room members or they constantly take the microphone saying derogatory garbage distracting those wishing to trade.
âHe once mentioned that he has trained alot of people and turned them into sucessfull traders, his goal is to have 20 people paying $149 a month and then the room would go private.â
Again not the complete truth, Jay said his goal is to have 20 people paying $149 a month and then he would not sell his model any more or do training, but would be able to just devote his time to just 20 members.
âHe doesnt even have a professional websiteââ¦.â Also, the email addresses are yahoo and gmail. Once again, not very professional.â
Jay has never made any claims to be a professional broker; he is just an ordinary day trader like all of you, who worked over 10 years to prefect a system that works well. Further more if anyone really knew him, they would know that he spends countless hours with members in the room during and after trading hours or weekends if they express that they are having difficulties with the system.
âAfter purchasing the course I got his real address and googled it and he lives in a trailer park.â
Real address is provided before you purchased course, when you send Jay email asking for additional information about membership, I am assuming you were sent same packet as rest of us. His address is included on the documentation plain for any to see whether they take membership or not. As far as having to Google to find out he lives a trailer, he tells people openly he lives in a trailer, as he wanted to be on a lake.
âIn all his emails he has quotes from the bible and I thought he would be a straight shooter.â
Now this is an out right lie!!! None of Jayâs emails ever contain any biblical quotes nor anything remotely religious.
â⦠I googled him, looked on ET, mypiviots.com and trader's laboratory and there were no complaints. probably all the suckers before me were to ashamed to post, that they have been scammed.â
Or has any one here thought maybe there are no complaints because short of this thread there havenât been any??
Plus if as much effort was put into truly learning Jayâs system as has been put into bad mouthing him, the possibilities of this someone seeing a profitable day would bode better.
Me personally thinks you canât please everyone and some people you canât ever please. Plus little suspicious here as many of these misquotes I am reading are same ones made over and over by a room owner who is a competitor of Jayâs. Kingfish, who is constantly coming into the room scoping out whom of his former members are in Jayâs room and making same comments I am now reading.
My recommendation to all of you is remember there are two sides to every matter and if vanquish is unhappy with his ability to use Jayâs system that is fine, but you should know not everyone feels the same.
