1) The research on the funded trader interviews and funded traders concludes that your net yearly income is not only break-even but it is negative from all the combine costs. Even if you "pass" the combine, after taking 10, and then get moved back to the combine, you made less money than a person working in McDonalds.
So you cannot meet the misleading information that TST provides. If you get funded it does not mean you are a successful and a consistently profitable trader, as you cannot pass 20k annuay
That is why when you want to get BACKED by a prop firm they ask you for a TWO YEAR TRACK RECORD. Without this document they will not even RESPOND to you. When you walk into a Dentist office they have their certification hanging on the wall proving they are a Dentist. That is why if you want to get backed by a Prop firm or work in a managed fund, you need to send them your PROOF that you are a consistently profitable trader. There is no other certification that you can get to prove you are a consistent trader in this industry.
Am I right or right? Take your pick of those two choices, it is one or the other
2) "They provide a professional chatroom with professional market commentary:Â
in reality they have a failed screen traders commentary (Eddie Horn) and educators/marketers selling you their education materials, promoting it on a scheduled basis."
=They are lying about their professional chatroom and education to lure and trick novice traders to steal their money ON PURPOSE
Am I right or right? Take your pick of those two choices, it is one or the other
3) They have a professional trader with 25 years experience in the pits, John Hoagland, provide educational trading classes:Â
In reality John is a failed screen trader who is providing his failed screen trading wisdom to other screen traders
=They are lying about their Professional education to lure and trick novice traders to steal their money ON PURPOSE
Am I right or right? Take your pick of those two choices, it is one or the other
As I have PROVED these statements with SUPPORTING EVIDENCE are you going to ignore them like the other 2 times? Or disprove them with nonsupporting evidence? Its your choice, but the people who read this will know and understand the truth. This is the purpose, I have seen too many newbies get tricked up to the point of devastation and keep trying and listening to the wrong people
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That is well said. It is a fantastic statement were you say that these traders are just losers and if they can't pass the combine what do you think they will do on their live accounts? They may not be losers but it is because trading is difficult, so the results are reflective of trading itself, how only 5% make money consistently.
In fact I used to be just like you. Whenever I heard someone say that trading is a scam I would just tell them: "If you can't do it, don't talk for everyone. Yes trading is tough but it doesn't mean because you failed it is impossible for everyone." It makes sense doesn't it? That is why I said it and you are right,
HOWEVER.
Everything changed when I got disgusted with that positive type attitude of mine BECAUSE I would look at my own performance and say, I am unsuccessful myself, why is it? Why am I defending these ppl if I myself am unsuccessful, what right do I have? I have kept a journal, recorded my trading, took pics of my trading, stayed disciplined, understood risk, statistics and why wasn't I successful? It clicked that everything I listened to and everyone I learned from were unsuccessful themselves. They were great people but were all educators, it was time I made decisions by myself.
I began to look for Verified traders with Verified track records. You can imagine that 5% of traders make money consistently, most of them don't care about teaching someone or being your mentor and you had to find one.
But I came across a verification service that is called Profit.ly. On there there are ways to upload trades one by one to Fake them and cherry pick them (you can see by the different timestamps). Or you can upload your whole year or month to month trading results at one time and add a video on top showing you are doing that, that way your trades are 100% Verified(no way to fake it). And I found Nathan and his chatroom that has REAL traders who SHOW ALL of their accounts, and all VERIFY their accounts on Profit.ly the right way.
I also came across a trader called Vad Graifer who provided a verified statement from his brokerage of a 1 year track record, showed me his account, let me follow him in his trading room (trial) where he calls trades live that are Time-stamped. He uploads the chat log everyday to his blog as well.
But I stuck with Nathan so I don't know Vad close. As a result I had learned to trade profitably from PROFESSIONALS.
How did I know these were PROFESSIONAL traders?
1)They VERIFY their trades(no matter how, you make sure you know how the verification service works in order to know it's legit) (if it's a brokerage statement you call the brokerage and ask them)
2)And they can show me their accounts anytime I ask. I can follow their trades and they don't say: "why should I show you my track record? you want my passport too? My SSN# ? My car keys? How dare you challenge me?"
There is no bs like that. You get all of your FACTS, your SUPPORTING EVIDENCE.
Why do they have chat rooms? because that sht is $200 a month and they make cash from their trading and from their subscribers.
Become a consistent trader, create a chatroom and people will see that you actually make real money and stay with you through out years, and you have yourself 2 sustainable business.
As I have experienced this difference in education I say that TST makes false claims about trading at TST and their education. You cannot "DEVELOP" into a professional Trader at TST and you are not taught by Professionals.
Who is the majority that come to TST? the Novice traders who are unsuccesful. What does TST do? they tell them thay can develop at TST and become professional traders and even do it full time. They do this in order to trap these people and take their money, because they are a company and have their expenses that need to be payed for. They are a LEGIT company in that you wil get funded, but they ARE NOT an education/ trader development company. So they should not trick all these Novice traders to "Learn" from them and their fake professionals.
I have experienced real education, and know the difference between learning from PROFESSIONALS vs learning from liars. That is all. These novice traders should not believe these false claims. and should never be intimidated to ask for proof.
You are as well a failed trader and do not make more than 20k/year from trading at TST or by yourself, what right do you have to justify them?
It is funny being accused for something you have not done. I am NOT an alias and this is my first time joining this forum. However, I cannot prove that and neither can you. Only if you tell me who you are referring to and see if we match in knowledge and in tone. It is sad that you say I am someone else because that tells me there was only one person who came to this similar realization.
Hence, there should be no further conversation about this as any further accusations are futile without PROOF (I see you don't like to use supporting evidence, Have you graduated college? as I know some traders have not since there is no required degree to be trading)
The only thing you should be concerned about are my statements and agreeing with them as they are backed with supporting evidence.
If you do not, you will be severely punished
haha (now I am testing your sense of humor, see what I did there?)
