Got an email from Scott's website soliciting reviews. The original poster may want to post a review here: https://www.trustpilot.com/review/www.scalpiustrading.com Note that you don't have to purchase a service to leave a review, but reviews must be based on real experiences or they'll get deleted.
I did buy 3, of which 2 were more of methods than systems. Both the methods are working perfectly till date. The system worked for 2 years after which it's performance deteriorated badly, but I recovered the cost many times over. In 2009 there was a "surefire trading" something website. He used to conduct monthly forex trading competitions with prize money for the top 5. To get the prize money the trader had to disclose the system. The forum was subscriber only. Most of the winners were from Indonesia, Malaysia, Brunei, Ghana, Latvia, Bulgaria. The normal winner % was >250% for the month. Subscribers would get the winning systems of the top 3 and transcripts + videos of their interviews. The systems didn't work very well on stocks but I was able to contact a forum member who was developing systems and sold one to me. I still have the transcripts, videos and systems. Prolly all worthless now.
Just to be sure I understand. Any random person can leave a review about at trading service/vendor on https://www.trustpilot.com/. So I can just create an account on trustpilot and leave a review on www.scalpiustrading.com even though I never used the trading service? Thanks
According to Trustpilot terms of service they have to be real experiences. Like let's say you emailed Scott with a pre-sales question and he called you a "wankmaggot" like the original poster. You can leave a review without having paid for the service. Or if you used the free email newsletter or YouTube video, you can write about that. Or even if you stole the course you can write about that. It just can't be fake.
I just spent hours reading this forum after stumbling on Big Scotty in a quora forum. I feel like i had to comment something because that was a fantastic read! Haha. Big scotty must have spend countless hours on this whole thing, its incredible. Truly think of the time he has put into this. I counted about 5 random accounts that were most likely him. He must be making decent money for this scam to continue. Thanks for the laugh lads!
I can put this Scott thing to bed: he is a scam, his scalping manual is worthless, the video has been taken down, there is no formal track record, just scam garbage.
Young guys may well try pull off this sort media sensationalism; 'look at me, follow me, subscribe to me' caper, they do this probably because they have energy to burn and the wonderful new wide world yet to be explored (by them). But when you get to be an ol' bastard with many years of trading under the belt, none of this shit appeals. The reason it doesn't appeal is because succesful trading by and large is a 'one man band' affair, the satisfaction in trading life is trading a system day in day out with the least amount of distractions, noise and hooplah, just getting on with the (pleasurable) job and minding your own business.
Horses for courses. Or more appropriately phrased, courses for horses. LOL don't think you got the only raw deal out of a "how to get rich with stocks" course. $250? I can't even count the days I have lost that much trading. Okay yeah I could, but I don't keep track because it happens. $250 losses are part of the game. You learned something about taking courses, and that is that they are seldom worth the price, maybe never worth the price. It has often been said that those who CAN, DO. Those who CAN'T, TEACH. And there is definitely some logic behind that, if not empirical data. A good trader will be trading. A lot. At least half the day, most days. When is he going to find time to put a course together, or give individual instruction or feedback? So it stands to reason that most of these instructors are not actually very good at trading, but are better at selling courses. Now I will not say all or everybody, because maybe there is someone out there who out of the goodness of his heart wants to raise the bar and create a new race of super traders. Remember, day trading in particular is for the most part a zero sum game. Wealth is not created, at least not much. Rather, wealth is transferred from bad traders to good traders. When one guy makes more money, another somewhere has to make less. And so I say altruisim in offering instruction just isn't a thing. It is all about making money. And for some, there is more money in teaching than doing, and knowing how to do is not a prerequisite for teaching. Au contraire. Truly knowing how to trade should keep one from ever spending the time to teach others. UNLESS it is to gather followers. Hey everyone, I just bought $20k shares of this stock cause I believe so strongly that it will triple before the day is out. YOU NEED TO BUY BUY BUY THIS STOCK TOO!!!! Then, a couple hours later, "Gee, I hope everyone sold their shares cause this stock is headed for China, by the shortcut." After he already sold his position naturally. A good chatroom can make the owner an awful lot of money. Disciples naturally spend a lot of time in their guru's chatroom, and pay an entry fee as well. Again, not saying EVERYONE uses such tactics but I can point to a couple that definitely do. And you are disturbed because the guy is a horse's behind and talks rudely to you. This is the internet. Not excusing the guy, no. If it is as you say, then he definitely get's the ******* award. But you should not be overly surprised, disappointed, angry, or hurt. It's just the internet. If your goal was to drive business away from this one particular guy, well, I don't see the point, when he is just one among many. What about all the rest? A course will never make you a good trader. It might teach you how to become a good trader but the onus is still on the individual to actually become that good trader by putting best practices into practice. The same basic information is parroted in a dozen books out there. On trading in general, and on specific areas or disciplines. Grab a couple from Amazon and read them carefully with your trusty sticky notes and highlighter close at hand, and then read them again, and one more time just to be sure, then trade a bit and read them one more time. You will have learned more than any course can teach you. And you didn't have to get solidly cussed and badmouthed in the process. Anger. Revenge. I am sensing this from your opening post in this thread. Counterproductive, and not really all that satisfying, either, I bet.
you get a D minus for verbosity and an F for incoherent, run sentences loaded with grammatical errors. PS: no one is going to read what you wrote and practically anyone could have written it in half the words. And don't bet - you will lose.
I have bought the Scalpius system after following Scott his mails for about a year. I studied it in detail for a couple of months before taking it to real trading. I did make my detailed spreadsheets with screenshots and wrote down everything in detail. I was very enthousiastic because lots of things he says make sense, and I do believe he knows a lot about trading, but... The system does not work in my experience. I did 60 trades in about a month and a half. It is not profitable. Even if I take out the few mistakes I made, it still was not profitable. I pay to my broker 5.98 $ per lot commission round trip on a ECN account with FXDD broker. I compared and finding a lot cheaper with a trustfull broker is dificult. Even if I make e winner with 1.1R as a benefit and make a loser with as low as 0.8R (in case of the minimum viable R rule he uses ) as a SL, I still am not profitable, because of the commissions of the broker. In Scott his statistics with his R curve he does not include the commissions, so your positive R curve can go slowly up and you still can be loosing! Too bad, because this was like the last hope for me that a mechanical system could work. I really was looking for something mechanical for years, but I think for now I don´t believe in it any more. Anyway I think I learned some things on the way, listening to Scott and other traders looking to alle the videos... I learned stuff, interesting stuff, but not a strategy that works. So I will keep on studying and trying untill I get there. Good luck to all of you