John Carter - Hubert Senters - tradethemarkets.com SCAMS?

[EPrado]

Quote from LeeD:

They say they do trade. They are just not allowed to trade the same exact methodology for which they post live calls on the Web-site.

For example, such trading can be considered "front-running" because the person who posts a live call can trade on it before any of the readers.

We do trade, we just don't do the trades we tell you. That's priceless.


They should be posting their "live calls" somewhat in advance. That would eliminate the front running thing. I remember reading that the clowns from puretick would put on a position, give out the signal, then sell into their clients buying.

I see no reason why they can't say "We are looking to get long the russell at 851" as it begins to trend towards there. The only problem would be if there guys all put in buy stops at 851....could cause for some slippage. If that's the case they should have their guys trading something like ES, where slippage will never be a problem.

 

[LeeD]

Quote from marketsurfer:

Are you sure about this? Front running has to do with clients of a broker not chat room followers to the best of my knowledge.

The reasonS some of the scammers use to justify things are frankly ridiculous.

See, for example, this story about a TV presenter who on the air recommended to buy stocks some of which he owned. Pay attention to the severity of the punishment for a person who dropped a few company names in a TV bradcast.

http://economicsnewspaper.com/polic...arkus-frick-sentenced-to-probation-13711.html

There was a similar case with a British radio presenter a few years back but I can't seem to find the story now.

 

[MaxxHeatt]

Real or sim? You decide.
http://www.tradethemarkets.com/public/Live_Day_Trading_Chat_Room.cfm

 

[LeeD]

Quote from EPrado:

We do trade, we just don't do the trades we tell you. That's priceless.

Apparently, under cetain circumstances doing the same trade as recommended to readers/viewers/listeners is considered a crime on its own. (See my reply to marketsurfer above.)

Quote from EPrado:

They should be posting their "live calls" somewhat in advance. That would eliminate the front running thing. I remember reading that the clowns from puretick would put on a position, give out the signal, then sell into their clients buying.

I see no reason why they can't say "We are looking to get long the russell at 851" as it begins to trend towards there. The only problem would be if there guys all put in buy stops at 851....could cause for some slippage. If that's the case they should have their guys trading something like ES, where slippage will never be a problem.

I am not a legal expert in the area. However, given the severity of the prospective punishment I guess the online "gurus" think it's better to be safe than sorry. Exchange-held stop orders are executed in the order they have been submitted, same as limit orders. So, gaining a position in the order queue in front of the readers is likely to be considered a form of front-running again.

 

[stock777]

4 u englis majers


"Watch Rob's setups and execute live trades in a REAL account. "

This does not say he trades a real account. It says YOU can execute in a real account while watching Robb pull his pud.


Anyone that pays clowns like this DESERVES to lose it all.

problem is, after they piss their money away, they go on food stamps and YOU support them.

 

[marketsurfer]

Quote from LeeD:

See, for example, this story about a TV presenter who on the air recommended to buy stocks some of which he owned. Pay attention to the severity of the punishment for a person who dropped a few company names in a TV bradcast.

http://economicsnewspaper.com/polic...arkus-frick-sentenced-to-probation-13711.html

There was a similar case with a British radio presenter a few years back but I can't seem to find the story now.

Interesting, thanks Lee.

 

[marketsurfer]

Quote from stock777:

4 u englis majers


"Watch Rob's setups and execute live trades in a REAL account. "

This does not say he trades a real account. It says YOU can execute in a real account while watching Robb pull his pud.


Anyone that pays clowns like this DESERVES to lose it all.

problem is, after they piss their money away, they go on food stamps and YOU support them.

Someone shouldo out these guys if it is indeed a scam. I really don't care, but I know some of you do.

Their name is uncannily close to trading markets. Wonder if that is deliberate?

 

[JackR]

Quote from stock777:4 u englis majers
"Watch Rob's setups and execute live trades in a REAL account. "

This does not say he trades a real account. It says YOU can execute in a real account while watching Robb pull his pud.

777:
Are you familiar with the acronym - RTFQ?
It seems to fit to your misleading interpretation of the TTM web site - Perhaps you missed this sentence:
The reason for this is simple. Rob is a real trader and he only trades his real LIVE account, no demos or simulated trades.

Not defending Hoffman, he screwed up. But you did as well. However, your mistake didn't cost you $300,000+.
Jack

 

[stock777]

Can you read English. That quote I gave is designed to weasel out of any claim of realtime/real $ trading.

If its just really bad grammar then they should fix it. After they fix his account.


The room is officially open Monday thru Friday from 8:15 am to 12:00 pm ET.

wtf is that?

 

[marketsurfer]

Quote from JackR:

777:
Are you familiar with the acronym - RTFQ?
It seems to fit to your misleading interpretation of the TTM web site - Perhaps you missed this sentence:
The reason for this is simple. Rob is a real trader and he only trades his real LIVE account, no demos or simulated trades.

Not defending Hoffman, he screwed up. But you did as well. However, your mistake didn't cost you $300,000+.
Jack

I don't support the misstatements either. Regardless, does rob provide any proof that he is indeed trading live? Shouldn't be too hard to prove.

Thanks
Surf