Three things happened over the past few days that reminded me once again how much BS and deceit there is in the trading world. I care because these guys bring the entire profession into disrepute — and since they are either unregulated or fly under the radar, someone has to call them for what they really are. Burton up to since I wrote that in October ? Has he provided any verified performance on his website ezeetrader.

No, he started another site , which has sleazy salesmanship written all over it. Rumor has it that Sven Henrich aka NorthmanTrader lost some big money for people that trusted him to manage their accounts apparently in an unregulated manner. I really like this quote from the CNBC piece:. Northmantrader has written this article telling his side of the story and answering Twitter critics.

Below are some fragments selected by me, alternatively you can read the whole proceeding here:. He sells various training materials, as well as access to some sort of exclusive trading club that he runs. I came across him a while back after watching what I thought was quite a decent, informative interview with him on YouTube. These are the videos I watched: The problems I see with him: Also a Trader FX desk Trium Capital Management.

After following and testing the recommendations of Francis Hunt, the Hunt Volatility trader, on his Youtube channel for 2 years I have encountered two main problems. The VAST MAJORITY of trades that he supposedly takes and recommends fail. The ones that actually deliver are so few and far between that in the end you lose more than you make.

My take is that he started teaching, because it is easier to find suckers than it is to get profitable trades… And he also seems to enjoy indulging in the guru trip. I would be very cautions about handing him any money. At the very least I would insist on viewing the success of his trading account…. The Property company I was involved was called Honey Badger Property Investment, and has been dormant for almost a decade, during one of the periods we changed the annual reporting term for tax timing reasons, and so you may need to annualise that year.

I have not kept records of this that i can locate:. Knock yourself out buying returns between , I suspect you may attain more than one qualifying year for that stated.

I have been trading for a couple of years and I can tell you no one will make you money in trading unless you understand the game you play.

It should all be about your development!

This method is a complete strategy with all the principles that are needed. Not every setup is suppose to be traded, and you would know what to look for if you mastered this methodology. So I felt the need to set the record straight here and defend someone that has developed his own trading strategy that works very well for us. So I had someone highlight this post, and if the board is pure of intent to sort wheat from the chaff you may value some detail from me, as I appear to have been mentioned.

Has been about as long as he states? Did He ever Trade with Trium Capital? Was there a FireBird fund? I teach else I would starve, my performance sucks 3.

Person C who I am aware of, and provides quite a measured and fair response in my view. Also, if the person I believe he is, he is known to me and has a decent to better than decent understanding of the methodology. He Is highly aligned and passionate, as opposed to being a smooth salesperson 2. If you have applied the trading pattern rules HVF properly, it more often than not works out 3. Not for day Traders, thrashing in and out. I am satisfied with all 3 of the comments made by person C, and thank him for bringing a sense of accuracy to the posts here, as someone with some known HVF Method experience.

As far as i know Francis, he is very good analyst. I never felt that i am been compelled to buy any thing from him. Rather he replied to me on twitter about some thing i asked and he has given his opinion and never asked to join any program.

First of all always appreciate free knowledge ppl are giving away. Second if you do not agree with the person explain the technical reason which is not working for you and come up with the charts and lot of charts where his strategy is not working.

In this way you can have the credibility against the fraudulent person. Further more he is showing the evidence by showing the charts. If he is cherry picking, you should come up with the real response and show him that his system does not work. But throwing just allegations and bad comments is not fair. What if you have not learned it properly and applying it wrongly?

How many time you have complained him or showed him what you are doing? You have just claims and he is again showing you evidence. I foolishly paid Francis for his metamorphosis program.

The sales pitch is you will learn a successful strategy HVF that will turn you into a successful trader. He offers you the option to follow trades on a copy platform and suggested to me that there was the potential to make back course money while on his course via copy trades and suggestions on his Basecamp site.

He encouraged me to sign up early to get a discount and added 2 months on his services such as Basecamp and pelican copy trade system. This was extremely expensive so I declined. Which I eventually accepted but with concerns. Straight off the bat, I was unhappy with what I saw. I was sent links to Basecamp. There was no structure to this site for a solid education and the learning content was all several years old and buried away in what is essentially a social blog site for all students to speak to each other with minimal input from francis himself.

He is basically reselling old content and getting students who have come to learn to talk to each other. Not at all the kind of mentorship I was expecting.

Shortly after paying for this course he went on holiday overseas and there was no updates from him. With the pelican copy trade systems there were endless technical issues which they kept promising to resolve so I was not able to copy his trades. This was actually a blessing in disguise as I eventually found a page to show performance of all traders in the group. Francis was the worst in terms of PL.

Not second last not somewhere in the middle, last. Every student in that group had performed better than him. I took a screenshot of this and will try find it and update.

Within less than a full month and when Francis was back from his holiday I contacted him and asked for a refund. He declined saying it has to be within 14 days of when I first agreed. So whilst he was on holiday was when I should have cancelled. Bear in mind I joined 2 months before the course started so still 1 month before the course I requested a refund and he refused.

The course weekend arrived and this is really the only time you get education. If you attend in person you get a print out of the course but are not allowed to keep it. So learn on the day and if you forget, tough. The course is OK if you have no technical background education. If you do have training there was very little to gain from this course. He just rebrands know technical points. His famous HVF theory is just his spin on symmetrical triangles rebrands. He then teaches you to scan for a wedge pattern on websites to find HVF opportunities.

During 1 day of the course he had his screen online and I could see him flirting with an eastern European girl. His response was this is not something I have done yet but have been meaning to do. I will task you with it.

So I ask him for clarity on what to check for and he throws it back to me? I asked during the course how to tell if we are looking at an upward HVF or an inverted HVF. As for the accuracy of his theory, I only saw 1 trade from him succeed in my several months of following him.

I saw so many go the opposite way. With regards to the pound, he called pound strength before Brexit regardless of the vote and we now know this was very much a bear market. Within days, Theresa May made a speech after becoming PM and pound went up and up.

With courses online at much lowere prices offering in my opinion more education and his lack of interest in fully educating individuals, i feel I was scammed. It is my belief his main income is from these courses not from being a successfull trader.

Most of his claims are from years ago, oil, gold etc. His content is from years ago and he tasks students to update it. I would not have felt scammed if he honoured his claim to refund. My guess is he already spent my money on his holiday. More people that have thrown money away at this guy need to speak up too. I have not found any more success since his course, actually I was somewhat profitable before and I started making a loss since his course.

I have now started using his knowledge for what not to do rather than what to do. I have personally bought many snake oil potions. Eventually, you DO find some good medicine — usually when the patient is ready…. I think, before you can critique something you must first understand it. Anyway, I am a student of The Market Sniper and I can wholeheartedly say that the system does work.

Then you lose money and call it a fraud while us insiders who follow the system correctly make money. In my view, making money from trading is like any other profession.

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Plumbing is easy right?.. Knowing Francis I can tell you he is the real deal. What you see on YouTube and elsewhere is who he is. There are no sales tricks, scams, etc.

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Some of it worked for me, some less so. After a while you get good at spotting a good potion between all the poison ones. His style is not your traditional in-out day trading style but more akin to swing trading. He teaches money management and not blowing up your account unlike some of the other educators out there.

It can be unnerving when the trade goes against you but if you have applied the trading pattern rules HVF properly, it more often than not works out. Trading across 1 hr, 4hr work but even better are larger time frame patterns and his trades pattern hit target. I think you are unfair to Sven Henrich and his wife Mella. I subscribe to their live twitter feed and can say that they definitely make calls ahead of the market that turn out very well. But the reason they went off twitter was that several weeks ago Sven became seriously ill and was told to take a break from hrs of following the market and commenting on it on twitter.

It was obviously taking a huge toll on him. Ironically this happened the same day the Brexit vote results came in and he made a lot of money playing the bear side.

But it cost him health-wise. He and Mella did not abandon their clients but simply shifted the service off twiiter and conduct it by email and through their websites. You can choose not to believe me if you want. I just saw your comment and thought I woud fill you in on what actually happened. My 2 cents for it is worth.

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Secondarily, if Valletutti is your main source I would highly question the value, accuracy and motivation of this particular source. He seems as concerned with their success as he is with is own, if not moreso, and spends a lot of time tweeting about them.

Not the most rational voice, I would say. Reason mike calling them out is because one of their subz had his account blown up by them and told mike about it.

Northy been a bear forever and been run over constabtly. Mella is one of of the all time worst market scammers. She is really the donald trump of finance twitter. Not surprised at any of this. Those guys will always exist as there will always be plenty of people who truly believe in fairy tales.

When I saw Charlie Burton on BBC I thought he was a real trader. It turned out there is zero proof and his website is a cheap scam. All those people should be taken to court. Why in the world would anyone who is truly successful at trading teach others how to trade? They would be to busy steadily increasing their leverage through position sizing and exposure to more markets!

There are plenty of reasons to teach others and many documented cases of successful traders having taught other people to trade. Just a few documented cases of successful traders that have paid services: Mark Minervini recently together with David Ryan , Mark Cook, Dan Zanger.

There are funds which: First off let me say I love your up front honesty on your site! I apologize if this is a redundant question but since we are on the page of smooth salesmen, have of the site Trade empowered with Jason Stapleton? Unless I am being fooled by that too? This guy blocked me on Twitter a while back after I challenged him to verify the results he shows on his site anybody can make a page listing the months of the year next to double digit profits http: As a member I can see all his trades and analysis, and decide if I want to copy trades or not.

The trading results on his site seem to be legit, but I do not know why he does not use a third party verification tool. It would make things a lot more transparent. Unfortunately the last months he has been in his worst draw-down period ever. I am sure that he will recover overtime, but it is not a nice thing to see if you just joined. Those make him profitable over the long run.

He does have a tendency to sweep losing trades under the carpet, highlight his occasional winners and put only those on YouTube. As a professional retail trader you need nothing less than phenomenal results in order to stay in the game. Sam Morton generates a base income with selling courses, his trading room, coaching and other stuff. It is understandable, because a retail trader does not have a base salary like guys from institutions.

I will continue to follow him, despite this dry patch, simply because there are no alternatives I believe in. On the topic of TradeEmpowered, they do share their trading results on occasion in the weekly updates by Akil Stokes, although it is only a picture of their trading room equity curve. But since it often shows draw down negative results , it is a good sign that they are not lying. I took Francis Hunt The Market Sniper course learning HVF method back in November after watching his Youtube channel for about a year.

This is what I can report so far: This can be emotionally tough to lose so many trades, especially if you are on a bad streak. If you are in it for the long haul and willing to put some time into it it is definitely worth it. As far as the track record of Francis and what his strike rate is, I am not sure. What I can say though, is that since I started trading I have made money following the method. The key to making money in this system and any other system is to follow it thoroughly and sticking to the money management rules.

I had the opportunity to go through the trades of a guy who had tried to piece together the HVF method only by looking at Francis Hunt Youtube videos. What I saw was that he had some setups drawn correctly, while others were completely wrong.

Some of those that were drawn correctly and winning trades, he had either cut the profit short or got out at the wrong price according to the method. Another thing that I noticed was that he was chasing trades and therefore lowering the Risk-reward-ratio substantially. Sadly, if he had fixed the flaws in the drawings and stuck to the method, then he would have been in profit.

Why some People fail on it: The link leads to: Your email address will not be published. Currently you have JavaScript disabled. In order to post comments, please make sure JavaScript and Cookies are enabled, and reload the page. Click here for instructions on how to enable JavaScript in your browser.

Notify me of follow-up comments by email. Notify me of new posts by email. Cautionary Tales About Trading Gurus By JLTrader July 18, I really like this quote from the CNBC piece: Below are some fragments selected by me, alternatively you can read the whole proceeding here: In August , Kawamura started a website kawamurafinancial.

Kawamura posted screenshots of portions of a brokerage account statement on her Twitter account, which many of her investors followed, that suggested that she was obtaining incredible returns in her own brokerage accounts. This part once again underscores why I beat the drum on third party verified performance.

She has never worked in the investment banking industry and has never worked for any financial institutions. Leave a Reply Cancel reply Your email address will not be published. The material provided by JLTrader.