Complaint Review: Schoofoftrade - Los Angeles, CA 90036 Internet

I had been member for schooloftrade for 10 months before JJ kicked me out from his trading room as well as advance level course for asking honesty from him. I started suspecting him couple months ago, but i did not want to confront him directly at that time hoping that he would change, oh well it never happened. I sent him email on 03/24/2011 telling him a story about another trading room that got busted using SIM account to trade (well at least that traderoom was honest by showing DOM when taking trades). I was hoping that he would learn from that accident and change to be more honest. He did not change then I sent him another emails telling him about my opinion that he is not honest, but he never addressed that. I was observing him few days afterwards, nothing change from him.  

One day he called for a fastrack short, he put the entry, target and stop loss on the screen as well, after the price hit the entry price, then the price was up and down, kind off stalled, then he said to the room, for whoever took it, you can get out (few tick losses) if you don't feel comfortable. It turned out to be a loss trade. Then he called another short trade afterwards and it was a win. I was waiting for him to acknowledge the earlier lost but he never did. I was very dissapointed at him and then i asked him about that earlier trade call. You know what he said? you guess it right. He said it was a skipped trade since it was a high risk. I confronted him directly, then he booted me out. I paid a lifetime membership and he took my access to his trading room and advance level, for asking honesty and transparency. You all be the judge. 

After that accident i convinced him to be more honest and transparent, and i would be happy to join him again. He said he does not trust me anymore. He is afraid that i would ruin his hard work like everybody else here. What's an excuse. I told him whatever complains people wrote here are not groundless since i witnessed it with my own eyes and ears. I told him if he is honest there is nothing to worry about. I clearly told him that if he is running an honest business and he caught me ruining his hard work, please feel free to prosecute me to the fullest extent of the law, but before he caught me doing harmful to him, i want him to give me back my access to the trading room as well as advance level course, otherwise refund my money. He refused to give me back the access nor my money. You all be the judge. 

 
I want to recap my opinion about him: 

-PROS: - JJ has a possitive attitude (at least that what he shows during the trading time) 

- JJ is funny sometimes 
- JJ is knowledgeable and he produces daily video to learn, but whether his daily video can help you to be more profitable, that's a different story.
 - JJ is very smart and creative 
 

CONS: - JJ is not honest. Period. 

 
If you are a current member or somebody using his 3 weeks trial please do these below: 

- Please DO ask him if he is using a SIM account or real money account. If he says he is using real account, please ask him to proof it 

- When he calls a trade, watch very carefully when when the big order shows up. When you see his entry price does not match with the big or oder, please ask him why. 
 
- Ask him to be more transparent by showing his DOM when taking trades. FYI for you who don't know yet, JJ Only shows his chart trader if he hit first target already (well sometimes he showed that he had 6 ticks full stops, but it is rare) 

- Ask him if he is willing to manage your account if he is as profitable as his claims. I personally asked him couple times to manage my account given that he is very profitable. I told him that i am willing to share 30% profit. 30% is much higher that big hedge fund charges (usually big hedge fund charge 20%). He never answered to me regarding this. If he is truly profitable, wouldn't 30% profit sharing without bearing the loss, is a very good side income for him? You all be the judge. 

Last but not least, what i wrote here is totally my true experience and observation about him after being a member for 10 months. I hope people will not loose a lot of real hard earned money like I did. I can send you all my email conversations with Joseph James, if anybody ever doubt my testimonial. Just make a comment on the thread, leave me your email address, and you will get all my emails with him.

There are many similar complains about www.schooloftrade.com in this link below:
(((link redacted)))

FYI, Joseph James claims he gives you free software but as a matter of fact you can get a free Ninja trader by going to www.ninjatrader.com directly.

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.