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Stock Market Funding Mario Marciano Hostility, lying and deception Internet
I watched many traders lose a lot of money while under the "master's" guidance. Mario promises the world, but fails to deliver. If a trader makes a profit, he or she has often done it without Mario's guidance. Mario is not completely honest to people in the trial lesson. During the free trial, it is a set up. Certain people are designated to talk to the newcomers while all others are forbidden to contact the new people.
The only thing consistent about this school is that it is always changing. Mario has no lesson plan, he just talks and shows how everyone should have go in on a trade. He says that no one else has his delta formulas (previous days highs minus the lows) and this is his main promotion. Nowadays, he promotes his school using his new trading platform, but many of the people in the free trial quickly realize that it does not work. The school and the system are constantly changing. There is no foundation on which his school was built, so Mario is always coming up with a new gimmick to sell rather than taking care of his students.
Mario Marciano is a control freak. His frequent bursts of anger and emotion are a distraction for anyone serious about learning. He belittles people.
The cost of the school varies from person to person. He will take as much money from anyone that has the cash, while making others do his dirty work who don't while they pay it off. He has various charges that not all people pay. Some of the charges are useless and are just another way he rips off people.
He uses exaggeration as a way to fool people too. When they are in the free trial, Mario makes it seem like there is more going on than there really is. He talks up the money that was made, but in fact, there was none made by anyone in the class. Mario says, "we were long" or "we are short" but he says it after the fact. His videos are the same.
I know he will reply to this as he is scared stiff that his little game will end. He is going to keep it going as long as he can. He is more interested in the sound of his own voice than the real concerns of his customers. Stay away from him. He is selfish, greedy and conceited.
5 Updates & Rebuttals
chino-smf
Henderson,Nevada,
United States of America
Its a scam stay away
#6UPDATE Employee
Wed, May 11, 2011
I am going to make sure as many people know the truth about this place. It is a scam and you want to go in for the 5 day trial and then leave. Maybe if you go in during an options expiration you will get some advice to make a bit of money if that happens do not be tempted. The school is expensive and no one makes any money. All of the staff are rude and unhelpful. Just staying away is your best bet. I was in the school and know first hand.
stakhi
United States of AmericaStockmarketfunding Trial
#6Consumer Comment
Wed, May 04, 2011
I recently took part in the 5 day free trial offered by Stockmarketfunding. I found it to be a great learning experience! I was able to interact with anyone of the participants, but did not do so too often, as many of them are focused, trying to trade the market. Mario was concerned that I was able to follow along, and regularly checked in with me as I observed the live trading. He exudes passion for what he does, and I would recommend this to anyone!
If you want to participate in their program after the free trial, it will cost. I have not participated in this portion of the program, due to my personal financial situation, however I hope to do so eventually. You get assistance from other members, and Mario himself! They even fund a trading account for you! You get to go live with this account once you are ready! This is amazing!
Overall my experience has been quite positive! My eyes have been opened to the manipulative practices market makers engage in, and if you are serious about trading, you'd better understand how they work. Mario is a great teacher, and I strongly disagree with the sentiment expressed by the previous person!
doesitmatter?
Kingston, NY,New York,
United States of America
In Response
#6Consumer Comment
Thu, February 17, 2011
I am a ex-student. Though, not kicked out, but had to leave because I couldn't afford the monthly payments.
I have to refute the claim that Mr. Marciano "Designated" people to come into the free trial. That is absurd. There is is no way to prove that claim and Mr. Marciano offered the full disclosure terms, as well as requiring people coming into the room to sign disclosures of which he/she fully understood the terms they were about to adhere to.
Although the complaintant says that he has no 'foundation of which he is an expert on trading' It is understandable to question the instructors background and 'qualifications', that is why, during the 5 day trial, you were given the opportunity to explore said credentials.
Due process is up to you, in the hopes that you make an independent decision as to what you perceive as legit.
"Mario Marciano is a control freak" I have to agree, but also, it is you that is in his 'territory', you consented to be in the room. Some people have difficulty with controlling people than others. I do recall that there were trades where you did not announce to the group of which you were required to announce. It was standard protocol to announce each trade.
There were times where I made money, and there we times where I lost money. It is equivalent to my experience as an independent day trader. The MARKET is an unforgiving beast that swallows the unattentive investor who has high hopes while trades with a daydream. It is not for everyone. While I too have been frustrated by Mr. Marciano, I have taken responsibility for my losses. Additionally, you have read the contract(s) that say, NO REFUNDS, so while I agree that some of your $30,000 should be refunded, on a prorated basis on portions you were not in the room, you can not honestly expect money refunded for your losses.
StockMarketFunding
Spencer,Massachusetts,
USA
Don't Believe a Self-Admitted Loser Who Believes in Magic
#6UPDATE Employee
Sat, September 25, 2010
Steve, why dont you start addressing the specific issues you articulated all so well in the above trading plan prior to try to make erroneous deformational claims. We never told you to ride any of those trades down and you admitted it. You are stubborn, you dont use the system, and you think magic will happen, those are your words not ours.
SMF Pro Trader Weaknesses: Attributes of the trader that are harmful to achieving their ability to consistently and profitably trade the SMF Pro Trader Formula. SMF Pro Traders Weakness #1: emotional. I feel like I missed the boat and I want to rush in to buy a stock. I worry that I missed a move. Impatience.SMF Pro Traders Weakness #2: I seem to think that I know something no one else knows. I dont accept reality.
SMF Pro Traders Weakness #3: I dont always get the facts. Somehow I think magic will happen. I cant listen to others. I seem to think I will be right always. I dont want to accept defeat and say someone else knows more than me. I am stubborn.From: steve hakkarainen [mailto:hakkman@yahoo.com]
1. When I first called and talked to Mario in February of 2010, he told me how I would make money in the upcoming options expiration. I believe he told me that in order to push me to join rather than taking my time to decide. Of course when I joined, I proceeded to lose money on trades he told me to get into.Sent: Wednesday, September 22, 2010 3:55 PM
To:
Subject: SMF and Mario Marciano defrauded me
2. His payment structure is unfair and dishonest. Why did I pay more than other people in the same program?
Steve Hakkarainen3. I paid a Risk Management Fee of 1225.00. It "is to watch all account utilizing capital when trading." Well no one ever watched my account. I asked Mario to get me out of a trade twice and he never did. The first time I asked he told me to do it myself. I had just begun and did not understand the trading platform well enough. "In times of panic, people freeze up", he said. The second time, I was overseas and had asked him to get me out of some call options I was holding. He never did. When I returned and asked him about it, he just yelled at me and tried to make me look like I was the one who was in the wrong. Actually, if he would have sold them like I had asked, I would not have lost as much money as I did. So, why did I pay for his services?
4. I also paid for his Managed Account Services Program $2500 per year. In order to get me to join his school, he said that he would make some trades for me. This was one of the biggest reasons I joined. Since I live overseas, I was not able to be at my trading desk. He was nice to offer a solution, but he never made a single trade for me. It was very deceptive of him to say that to me.
5. Some other deceptive tricks Mario uses are: "Someone offered me $200,000 to use this formula, but I said no." and "I wouldn't sell this platform for a million dollars because it is more valuable to you guys." "If someone wants to rent it, like a bank, they would have to pat 250,000." We never hear a person making these offers. Mario just says things like this to hype up the conversations. His talk of big money is not necessary. We are just trying to learn how to trade.
6. He designates certain people to talk to people on the trial lesson. Other people are told not to have any contact with them. I was never designated, so the only reason I figure he does this is because he has a specific agenda and also because other traders might tell the truth and scare away his would be customers.
7. 4 months into his school, he started making big changes. He started the MMT division and Apprenticeship Program. I was told I could remove the funds from my account and be in the apprenticeship program, so I did. Then, last week Mario and Scotty (an SMF trainee) told me that the contract states I cannot be in his school if I remove the funds from my trading account. 2 days later, Mario removed me from his trading school.
I am sure there are other things I want to add, so I will add later and post it elsewhere for others to read.
I paid over $30,000.00 USD into SMF and Mario's personal bank account. After that, I heard him bragging about his new car. I heard it's the best money can buy, Mario. $30,000 for a 12 month course and then he kicks me out of his school after only 8 months. That money was my family's future. We have a 2 year old and a baby on the way. We drive a tiny 15 year old car. My wife and I both work hard every day. She saves and I try to invest for our future. We'll continue, but Mario Marciano has left an imprint that will take years to heal.
Sendai, Japan
http://greenhakka.com
StockMarketFunding
Spencer,Massachusetts,
USA
This is a rebuttal to this bogus report from a disgruntled former student who was removed from our school for several reasons.
#6UPDATE Employee
Wed, September 22, 2010
This is a rebuttal to this bogus report from a disgruntled former student who was removed from our school for several reasons.
#1 Steve did not follow our trading rules about keeping stop losses and disclosing his positions.
#2 Steve proceeded to buy and long risky options positions without consent incurring massive losses without direction from SMF.
#3 Steve was put on verbal warning for his actions for his trading behavior and for being verbally abusive to other students in the room. teve was asked to close down his trading account with SMF for nonpayment and because his lack of respect for other trading students in the room.