The Wolf in Sheep’s Clothing Giving Trading Advice

By | September 4, 2015

The Wolf in Sheep’s Clothing Giving Trading Advice

Via Twitter last night I came across TradingStory, a website which ‘aims to bring NEWER traders the most practical & inspiring trading podcasts (interviews & tips) anywhere.’ Browsing around a little bit, just to see what I missed some 8-9 years ago when I was a new trader, I got to this page: How to Shop for a Trading Service, where the BS really hit the fan. Sending new traders to scammers like Joe Ross or Markus Heitkoetter or to shady outfits like Maverick Trading is akin to letting a pack of hungry wolves guard a herd of sheep.

Regarding Joe Ross, he made a fool of himself on this forum thread and there’s also this review of him, basically questioning his supposed +50 years track-record (which no one ever saw) and trading expertise.

As to Markus Heitkoetter and his Rockwell Trading, a simple google search will reveal the huckster that he really is and the kind of shenanigans he’s up to.

Maverick Trading is just an ‘educational’ firm masquerading as a prop firm. I’ve written on this type of charlatans before so I won’t get into the particulars of this firm. One observation that I’d like to make though is this: look at the results tab and notice how they try to take advantage of the confidence and respect that the Reuters logo inspires. You’d think that those claims were verified and/or endorsed by Reuters, when in actuality, that’s just a PR Newswire release coming straight out of the wolf’s mouth.

Deceptive

I’m not giving this Brandon Clay guy, the author of the TradingStory website, any benefit of the doubt when in his own words, he’s been following the financial markets for almost two decades.

Listen, if you didn’t know you were being scammed you’re too fuckin’ dumb to keep this job. If you did know, you were in on it. Either way, you’re out. Get out. – Robert De Niro in Casino

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