If you are new to trading, before you go out and buy into to someone that claims to have the holy grail take a day and read thru this blog. If it sounds to good to be true, well it just might be. Why put your money on the line following someone when all you really need is to find your own way....there is a lot of crap out...
CFTC RULE 4.41 - HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE ANACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL, OR IS LIKELY TO ACHIEVE PROFITS OR LOSSES SIMILAR TO THOSE DISCUSSED WITHIN THIS SITE, SUPPORT AND TEXTS. OUR COURSE(S), PRODUCTS AND SERVICES SHOULD BE USED AS LEARNING AIDS ONLY AND SHOULD NOT BE USED TO INVEST REAL MONEY. IF YOU DECIDE TO INVEST REAL MONEY, ALL TRADING DECISIONS SHOULD BE YOUR OWN.
Posts
16 comments:
Dennis,
If you look on Woodie's Website you will see the results of his shiny new automatic trader. Funny how it is trading Forex not the YM and ER the chatroom has been trading for years. Guess that is because Neil has a Forex website.
Not really impressive so far, but maybe that is his way of reacting to your challenge. It would figure he wouldn't do a face to face challenge. He knows he wouldn't win.
If you had a challenge on who could LOSE the most money, well then I would be up for THAT challenge. What do you say Dennis? Would you like to pick up my gauntlet?
The only make-a-wish kid getting anything from CCi club is woodie
Hi Cathy,
I see that the auto-trader results that they are posting now are based on the "CCI Velocity Method" which of course is proprietary. It's funny that they aren't going to be trading good ole CCI patterns in the room, but it's gotta be something totally different yet again.
I also note that it's interesting that recent posts/comments here talking about how the auto-trader seemed to be just a big piece of "vapor-ware" for almost 9 months has all of a sudden showed up on the their site as something that is now tangible.
If wonder if PFG is still going to be charging the "overhead fee" of $200 per month to be involved in the auto-trader program. That fee added on top of all the commissions and other fees of course. At least that's the fee they were touting was going to be charged for members for as long as I heard talk of it.
Oh those silly folks at the PFG CCI Club....er, I mean the Woodies CCI Club, ya, that's it.
The two trade a longs I went to, Monterey and Anaheim, Woodie was trading live. I know because I was looking over his shoulder for 1-2 hours watching. He had an IB account in those days and had not been using eSignal for very long. Tonyuk was also trading live but he told me he just stuck to ZLR like gb007. Woodie now does a lot of options and I know he has slowed down on day trading; his diabetes has taken a toll. Woodie believes auto trading is a good adjunct for everyone especially beginners. I have never been able to make the income I wanted until I went to auto trading (my own program written in Excel for Sierra Charts).
Hey all you readers of Sport’s blog. I want you to ask yourself this question. You all have left Woddie’s for something better. You didn’t make any money with Woodie and have lost hundreds or thousands because Woodie fleeced you. Well….are you now making lots with a better system, web site, books, lectures, etc. If not it’s time to go look into the bathroom mirror for the answer. Just by chance you may be one of the 90 out of 100 new day traders that go busted within 2 years and go back to their day job.
LOL
It looks like woodie reads your blog. Last time I was in the chat room I got yelled at but not banned. I tried loggin today and suprise I got banned. This is how I figure it. I posted on your blog, woodie read it along with my name, saw my name entering the room and ***voala*** trader-b-gone.
Anonymous...there ya go again, blowing off at the, hip trying to convince readers of this blog a different version of the fact. I guess you are going to vote for Hillary.
She wasn't at the Washington Press club dinner the other night because she was afraid of spier fire.
Anyways, if you check the achives of this blog you will find a receipt from Paypal where I had paid for the Monterey Woodies CCI Club Trade-a-Long. Woodie didn't trade live at that event. They spent the entire morning trying to get the hotel to up the number of users allowed on the internet. the hotel IT department didn't come in until 8:00am that morning and that means it was yes.....11:00am in NY. By the time, they got the internet up for everyone, so to speak, it was about 1.5 hours before the close.
No he did walk around and say, Great trading everyone, did you get that ZLR, it was a great one...yada yada yada....
BUT TRADE LIVE.....ROTFL
You must be thinking of GIO.
Let keep the facts straight, but good try....anonymouse
Woodie has on his web site direct links to the CFTC and SEC for reporting complaints. Why is it that those who leave the room and slam the door on the way out never file prosecutable complaints? There is one and only one reason; there is nothing for them to discuss except misguided impressions and hurt feelings.
Anonymous said "...lost hundreds or thousands because Woodie fleeced you."
Maybe Woodie had nothing to do with it. If they lost money all by themseves who could they blame?
I looked at both those sites to file complaints about Woodie's Club but did not find anything that they actually cover to complain about. If the above poster actually read those websites he would have known that.
Sheesh, why would they put the gun to shoot themselves right on the mantel? LOL.
Now if he put the FCC there and the BBB, you would have a place to complain. Ooops, did I let some information out? Silly me!
Anonymous,
You stated that no one has filed complaints with the SEC or CFTC. How is it you know no one has filed any complaints?
For the record, complaints have at least been filed with the Arizona Attorney General's office and I have received word that they are conducting an investigation. Of course they won't spill any info to me about what they are looking into exactly, but they are aware of complaints and are indeed following up.
...They spent the entire morning trying to get the hotel to up the number of users allowed on the internet....
ah Monterey, the day I supposedly single handedly screwed Woodie's CCI eSignal program. Until they found the bandwidth wasnt enough at the hotel. But I was still the bad guy. Oh well, this is getting better by the minute. Thanks. dloomis514
Anaheim - I remember that one. I went with Carolyn Boroden to show how the fibonacci work could improve on using CCI alone. Amazing that Woodie would permit that much even. I think he felt that CB's CTA status loaned credibility to what he was and is doing. But we were all informed that if Woodie wasn't up to trading live because of health issues, Tony or Shaner would do it. Nope. The whole thing devolved into most people who attended huddling together and sharing ideas, which is not in itself a bad thing but not what people were promised. No one from Woodie's camp ever traded live at that event. Gio wasn't there. If she had been, she may have given it an effort if not discouraged by the whole free for all. Tony spent most of his time fiddling with the networking aspects and complaining about how someone had skipped out on a bill at the hotel restaurant. Woodie wandered through the room on occasion and said things like "gotta love the ghost!". Tony pointed out a couple of patterns in hindsight. We had another projector going with CB's charts and CCI and I pointed out some patterns as they occurred. Those few interested sat close. Most of the time that Woodie spent interacting with CB and me was to try to convince us of just how bad of a person Dennis is. Woodie can be very convincing and charming. That's his strength. I hope that he finds something to sell that doesn't do people harm. Mark
I attended the Monterey and Seattle TAL's. I did not watch Woodie every second but I do not remember him trading at Monterey> My time was spent walking around the room meeting and talking to other traders.Barbara a text moderator was trading live a 250 volume and different entries from Woodies. Oh and some 16 year old kid kicked ass on the Euro. At the Seattle TAL Woodie did not trade and gb007 did not trade,in fact Woodie had traders come up and trade on his computer. Nicktrader was there and was trading live a real cool cucumber.If you go to a TAL go there to meet other traders and see what they are doing and not doing and I think you will get more out of it.
I won't comment on Woodie, but I will say this, over the years of being loosely associated with the room, I met some damn fine people.
Post a Comment