Complaint Review: Doug West Kosoma Pub

I think it's only right I do come back and clear the air. Bruce is right I have now done a 180 on my feelings about the DTME program offered by Doug West and Kosoma publishing. I feel bad for anybody that wasted any of their money based on my defence of the program. I realize now that the reason I was so successful with it was that I had 8 years of trading under my belt before using this system and as such I was not trading it exactly as taught.

It was shocking to me that every single one of the 12 people I referred have either lost their accounts or have move on to real trading systems and are now having the type of success promised by doug and his sheep.

I should also point out that my first reply where I stated what at the time were my honest opinions were posted at the request of Doug West, another business practice of this that leaves me cold.

I highly suggest you look at any one of a number of sites out there that have more and more people showing up all the time with the same story about how they were unable to make this system work. Worse they were recruited into this system by people demo trading or people lying about live trading.. it's a catch 22 and hopefully this house of cards will fail soon.

I think it's only right I do come back and clear the air. Bruce is right I have now done a 180 on my feelings about the DTME program offered by Doug West and Kosoma publishing. I feel bad for anybody that wasted any of their money based on my defence of the program. I realize now that the reason I was so successful with it was that I had 8 years of trading under my belt before using this system and as such I was not trading it exactly as taught.

It was shocking to me that every single one of the 12 people I referred have either lost their accounts or have move on to real trading systems and are now having the type of success promised by doug and his sheep.

I should also point out that my first reply where I stated what at the time were my honest opinions were posted at the request of Doug West, another business practice of this that leaves me cold.

I highly suggest you look at any one of a number of sites out there that have more and more people showing up all the time with the same story about how they were unable to make this system work. Worse they were recruited into this system by people demo trading or people lying about live trading.. it's a catch 22 and hopefully this house of cards will fail soon.

I think it's only right I do come back and clear the air. Bruce is right I have now done a 180 on my feelings about the DTME program offered by Doug West and Kosoma publishing. I feel bad for anybody that wasted any of their money based on my defence of the program. I realize now that the reason I was so successful with it was that I had 8 years of trading under my belt before using this system and as such I was not trading it exactly as taught.

It was shocking to me that every single one of the 12 people I referred have either lost their accounts or have move on to real trading systems and are now having the type of success promised by doug and his sheep.

I should also point out that my first reply where I stated what at the time were my honest opinions were posted at the request of Doug West, another business practice of this that leaves me cold.

I highly suggest you look at any one of a number of sites out there that have more and more people showing up all the time with the same story about how they were unable to make this system work. Worse they were recruited into this system by people demo trading or people lying about live trading.. it's a catch 22 and hopefully this house of cards will fail soon.

I think it's only right I do come back and clear the air. Bruce is right I have now done a 180 on my feelings about the DTME program offered by Doug West and Kosoma publishing. I feel bad for anybody that wasted any of their money based on my defence of the program. I realize now that the reason I was so successful with it was that I had 8 years of trading under my belt before using this system and as such I was not trading it exactly as taught.

It was shocking to me that every single one of the 12 people I referred have either lost their accounts or have move on to real trading systems and are now having the type of success promised by doug and his sheep.

I should also point out that my first reply where I stated what at the time were my honest opinions were posted at the request of Doug West, another business practice of this that leaves me cold.

I highly suggest you look at any one of a number of sites out there that have more and more people showing up all the time with the same story about how they were unable to make this system work. Worse they were recruited into this system by people demo trading or people lying about live trading.. it's a catch 22 and hopefully this house of cards will fail soon.

Six months later, and the complaints all over the internet continue to pile up about Doug West and his "Day Trading Made Easy" emini program.

His ONE AND ONLY defender here on Ripoff Reports is 'Jody' from Canada, who was also his 'star' student all last year. Well, I just learned that now Jody feels very differently about Doug's deal according to his own daytradingkingcom.

He now feels and says pretty much what I and many others realize (too late unfortunately) that Doug is not telling the truth about his students success/failure with this simple system.

Want to hear a shocker? Probably 95 -98%+ of the people who take his course are UNABLE to trade successfully with real money. MOST LOSE ALL THEIR TRADING ACCOUNT. Thats' because the simple system is all hype - absolutely no substance. Nothing more than a simple oscillator indicator available at a free web site featuring a DELAYED chart.. That and a couple of free ebooks available all over the net.

The Thursday nite sales calls are just a bunch of new demo traders trading with 'play money' bragging about how great they're doing. And Doug does STRONGLY encourage them to come on and help pitch the course. He also DISCOURAGES students who are not doing well to STAY OFF THE CALLS. (If Doug wants to challenge me on this I'll post the emails)

And some will talk excitedly about how they;re planning to quit their jobs in a few weeks. All from learning this system in a few days - sounds unbelieveable right? - IT IS UNBELIEVABLE.

Virtually NONE of the MLM-type Affliates selling this deal even trade at all, but they send out email after email making it sound like they are making THOUSANDS every week trading. Completely deceptive.

Of course, they make $700 for every sucker they bring in, so The Simple System does pay off for them!

Doug says he has over 500 students now, so where are all the 'REAL MONEY' SUCCESS STORIES OF DAY TRADING MADE EASY on the the internet? (BTW, most of the published testimonials on the internet he's been using forever - they either have lost all their account money or never really traded to begin with)

(To Chad from Texas, I can only say, I would recommend you FIRST ACTUALLY TAKE A COURSE, before you come on a site like this and defend it.

Bruce

For what it's worth, Doug West is indeed conducting the live information calls contrary to what Bruce stated above. I participated in a live call Thursday Feb. 23. My question and questions of others were answered promptly and honestly by Doug himself. Also I'd like to state that in no way was Doug or the other students on the call "hyping" the system. In fact, Doug was rather honest about the risks of day-trading. I've been doing due diligence on Doug's system and I can say that I've found two negative opinions on it; this guy Bruce and one other ex-student. Otherwise , students are positive. It would be crazy for these students to simply focus on recruiting when there is SO much money to be made if this system can be learned. So far I'm fairly impressed. I am not a student of Doug's yet, have not paid him any fees, nor will I receive any compensation for this reference. Just stating what I've seen so far. Thanks.

I am always disappointed when I read people claiming that becuase something did not work for them that it is always the fault of the program as Bruce does in his complaint. He claims outright that Kosoma's trading system does not work, but what he really means is that it didn't work for him becuase he either did not understand it or didn't give it a fair chance.

The system being offered by Kosoma is not rocket science nor is the first time this type of Technical indicator has been used for trading. They do work, with varying degrees of success.

No trading system is right 100% the time. The system that Kosoma offers (which I use) is right a fairly high % of the time for the day trading game I'd say upwards of 75% is not overstating the case.

Also Bruce incorrectly states that people "have" or have some great interest in promoting the system for the 700 dollar commissions, well I stopped trying to promote the system some time ago, I didn't need the 700 per referral as I was making that and more on a daily basis using the system to trade.

As for testimonials Kosoma has NEVER in the just over a year that I've been involved with them begged me to give any testimonals.. there was a day last spring where I made over 6k on one trade and the owner did ask if I planned to be on the call as that was a great day of trading, but at no time was I made to feel that I had to be there or that anybody was asking me to state things that weren't true.

As for purchasing this program being the mistake of my life, I look at it as the exact opposite, I quit a high paying full time job to trade full time using Kosoma's system as the basis for my trading experience. Much like the owner states in his rebuttal, trading is not easy.. you can't just purchase a program sit back and think it's the holy grail. You have to learn and get a feel for the market and understand that every trading indicator every piece of software whatever is going to be wrong sometimes..but if you've learned how to manage your money and trading properly those downtimes wont' effect you...

Please add me to the list of VERY happy and satisfied cutomers of Kosoma Publishing's

I'm sorry that Bruce has chosen this Forum to attack our simple day trading system. It is news to me that he was having problems with it.

For ANY trading system you have, there will be those who don't follow the signals and lose with it. The fact is that there is sooooooo much psychology involved with trading.

Even if you had a system that was right 100% of the time (and there is no such creature) there would be those who would not follow the signals and initiate trades at the wrong time. These folks then typically blame the system and bounce around from system to system looking for the holy grail, when they had something in their grasp that would have worked for them all along!

There are no guarantees or certainties in trading. Reliability of trading signals for mechanical systems are in probabilities only. Trading involves hard work, risk, discipline and the ability to follow rules and trade through any tough periods during a system's off times (and all systems have off times -nothing is right 100% of the time). If you are looking for guarantees, trading is not for you. Most people lose trading. One of the reasons is that they are not consistent and lack discipline. A system can help you become consistent, BUT you have to stick to the system like a formula. The ability to be disciplined and control your emotions is even more important than any technical indicators a trader may use. Worrying about the money aspect of trades (which is an emotion) can contribute to and cause a trader to make errors. It is important to trade only with true risk capital. (the above statement/paragraph is on all of our websites, and similar statements are made on the enrollment form, in email notices and in other communications we have with students and prospective students).

We have ongoing support for those who take advantage of it. Unlike what Bruce is claiming here, we have MANY students who choose not to get involved with the affiliate side of our program at all. Some are ONLY interested in trading, and they are NOT interested in referral income. Yet they are still willing to tell folks of the success they are having with our system.

We even have a few folks who have spent LOTS of money on very expensive & complicated systems who praise us for the simplicity of our system, and the low cost. Compared to other things out there, our $1297 enrollment fee is a great deal even if there were no affiliate program associated with it. The Free Charting system we train ones on, the no-cost trading platform, and brokerage deal we offer have saved MANY traders TONS of money just on unnecessary fees.

Also, unlike Bruce would have you believe, we have a number of folks who have done GREAT things with our system. Even a few who have walked away from full time jobs to become traders.

We wish Bruce all the best, and would love to help him work through his trading problems, but this is NOT the venue to get help.

At the time of this writing, we actually have only had 2 others offer ANY complaints about our system, and we have now trained well over 300. That comes to less than 1% who have complained about ANYTHING having to do with our system. I think that record speaks pretty well for us. I've dealt with the public for YEARS in biz, and you will Always have some that complain no matter what product or service you are offering.

Bruce also claims that we have quit our unscripted calls which is untrue. We have been playing a recording for a couple weeks to get through the holidays. Those calls will resume soon.

It also is a FARCE that we BEG folks to give testimonials. We never know who is going to tune into our calls, and we have plenty of folks who are willing to give their positive results.

Bruce, we are here for you when you want to quit blaming the world for YOUR losses, and are ready to put the work in that it takes to become a successful trader.