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Emini Day Trader - Eminidaytrader & Dave Johnston & Justin Weinraub

For those of you reading these concerns the first time I recommend that you start with the first one. This is the third one in a series that will continue until the problems with their software are addressed and fixed. I have stated I will post weekly but when situations arise like it did yesterday it can't wait. Again, I can provide charts to support my allegations and even video's. Now, the problem with yesterday. The software fired a trade (short) at 1144.75. The market came up to that price and filled the trade short. No problem so far. The market then went down 4 points to 1140.75 before a retrace. The market moved back up to 1144.00 (3 ticks below our entry of 1144.75) before moving on back down for some 13 or 14 more points. Dave in his recap this morning made the statement that it was a very nice trade and that they captured all of that move due to paint bar stop strategy. This amount of money that this trade theoretically won will be posted on the results page for potential clients to observe when making a decision whether or not to buy this software. In fact, this trade was stopped at + 5 ticks. I even have a video from Dave on how we manage these trades. In short, when a trade goes in your favor at least 3 points then you must capture at least a third of that move. The market went in our favor 4 points. That is 16 ticks. The stop goes from break even to +5 ticks at a minimum. The reason is that the market could come back to our entry price and stop the last contract even and the strategy designed by them and that they count everyday is that if it goes at least 3 points the stop must be moved a third to make something from it. This means that if you add 5 ticks to the 1144.75 entry your stop will get moved to 1143.50 at a minimum to salvage at least that third. The market came back up 2 ticks above that to 1144.00 so the trade got stopped. Dave conveniently counted 14 more points on that trade and that is what will e counted on the results page. A potential buyer of the software would never know that. As I have stated from the beginning of these concerns. A trader can't sit here like today and lose money and Dave and Justin say the system made money. Happens about everyday. Want to know more? My email is janno1951@***.com. I can assure you, my intent is to improve this product and not hurt Justin and Dave. But this is ridiculous how far off real results are from what they post.
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ID
#254264 Review #254264 is a subjective opinion of poster.
Location
Tampa, Florida
Loss
$3500
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Emini Day Trader - Dave Johnston & Justin Weinraub & EMDT Software

For those of you who might have read or missed a previous concern I have posted stating that the "EMDT Doesn't Deliver" you might want to read it again. I have informed Justin of my intent to post a weekly concern that can be googled so I can inform the public that in my opinion the trading results of this software are manipulated daily, weekly, and monthly. As you might have read in my previous post, I have been an owner of the software for over 3 years. When I purchased the software it was implied that my results should soon exceed the software results. In 3 years this has not happened and I want to weekly educate potential purchasers of the software why this will never happen. I have asked Justin to make changes to the software to help owners in trade selection but have been told that it would not happen. Changes would make decisions on trade selection easier to read and more difficult for EMDT to manipulate. I will state this, or attempt to, in every concern which will be posted weekly. I have OWNED this software for three years and I feel that is enough time to be able to choose the logic trades that seem to keep the results page in the black. I have been unable to do so and the reasons are clear. Dave and Justin can't claim that I am just stupid and just can't seem to get it. For those of you interested to see how you will not be able to obtain results from this software I will devote some time to explaining it to you not only in words but in pictures. My email address is janno1951@***.com. You need to talk to me before making any kind of decision.
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2 comments
#547091

I have to agree with the author of this post.

I can assure that EMDT is not fraud or anything, but the fact is that their method just doesn't work anymore or as good as before(comments on this by emdt would be highly appreciated!!!).

the mechanical trades do not generate profits

sorting out the winners is almost impossible

(btw: any trading technique is profitable IF I can reduce the losers, I don't need to buy a system from someone)

#326592

We do not wish to get into a debate on this forum. However, we disagree with these claims.

We stand behind everything we do and our integrity. We can verify everything we do and we're happy to dispute any particular claim this person makes. We're surprised this individual is saying this as we have many, many emails from this person praising our program time and again, going back several years. We go out of our way to be transparent, offering full access to our course and we are willing to show anyone our software in live trading.

We never want anyone to buy without being fully confident.

We have hundreds of satisfied clients. Please contact us at info@***.com or at eminidaytrader.com and you can make up your own mind.

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ID
#254044 Review #254044 is a subjective opinion of poster.
Location
Tampa, Florida
Loss
$3500
Advanced Reviewer

Six Figure Trader - Brian Heyliger and Six Figire Trader

I have posted several concerns in an attempt to enlighten traders of my experience with this guy. They can certainly be read and I have no bias here in my concerns. Everything I have experienced I have posted. For those of you wondering about how much this guy is into taking others money read the following.http://stockgumshoe.com/2008/09/i-gave-up-my-fbi-security-clearance-to-send-you-this-letter.html When you read this and still think he can make you a "six figure trader" then please contact him. I am absolutely certain he would appreciate it.
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ID
#252548 Review #252548 is a subjective opinion of poster.
Location
Tampa, Florida
Loss
$1500
Advanced Reviewer

Dave Johnston & Justin Weinraub Emini Day Trader

I purchased the software and the recap 3 years ago from EMDT. I spoke with both Justin and Dave on the phone prior to completing the purchase. I have had many interactions with Justin via team viewer as well as email. Any questions I had I received a response and the learning curve at the time was steep. The trades needed to be learned and learned well as there wasn't an intelligent assistant to populate the trade. It was very difficult to catch each trade and replicating any kind of stated results was pretty much impossible. As the market began to be more choppy in the last three years the results being obtained by the software were losing quite often. A change was needed and to Dave and Justin's credit they continued to enhance the software. Now we have the potential trades populated. What has changed is that they have 2 trading systems. One is every trade fired by the software and they track those results. Unless you are an owner of the software you will not be able to see these results. These are an accurate reflection of what does transpire as they are unequivocal unless the software has a glitch. These results are very poor and after commissions do not make money. The other, (and this is the important part) is discretionary and strictly chosen after the trading day by using their entry logic. Sounds simple right? Well I am pretty far along in trading and have watched this software daily and I still can't get it right. About half the days one can determine the entry's that will be chosen by Dave and Justin but the other half if you were successful it would be luck. Three criteria must be used to decide each entry that the software fires but I won't go into that on this concern. But basically if you have 2 out of 3 criteria going for you then take the trade. I am sure you might think that sounds easy. But when you watch Dave and the recap you will find you just never get it right. You will NEVER replicate the system results. Dave and Justin like to state you should be able to exceed their results but that will never happen. If you have traded for any length of time you will know that missing just 2 winners in a month and taking 2 of the losers that they won't count as logic trades will make your personal results lose money. One day a trade can be called a winner and an acceptable trade (in other words fit the logic they teach) then two days later the same trade would fail and it will not fit the logic and not be counted a loser. But it is the same trade and same circumstances. The discretion they have built into the system to ensure it makes money would not be tolerated anywhere by anyone. I can see WHY they do it. They are in the business to SELL software. If that software loses money the WHO will buy it? This "built in" discretion allows them and even encourages them to ensure that losers sometimes do not get counted and winners that should not be counted are indeed counted. I am NOT angry and trying to destroy them. But after three years and seeing this manipulation over and over I did inform them the public needed to know. Lastly, they take trades as winners that do not fill. I have been on the end of that many times. If they absolutely NEED a trade to win, and often they do, then when price hits the entry and you are sitting there waiting to get filled and do not and then watch the recap and they said that they did and you KNOW it didn't happen it is difficult to swallow. This system is not worth what they are asking for it and you will not achieve their posted results. I have tried for 3 years. If you want to talk with me my email address is janno1951@***.com. You won't find me angry but you will find me with many examples. They NEED to eliminate the discretion so traders who invest in them can realize the results they post.
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2 comments
#1193190

I've had Justin and Dave's software for 4 months now and after much study and market replay I finally started trading it in my TopStep Trader account when my 50K account was eighteen hundred in the red. After 2 weeks I'm in the black by four hundred dollars. This review is unwarranted.

#326590

We do not wish to get into a debate on this forum. However, we disagree with these claims.

We stand behind everything we do and our integrity. We can verify everything we do and we're happy to dispute any particular claim this person makes. We're surprised this individual is saying this as we have many, many emails from this person praising our program time and again, going back several years. We go out of our way to be transparent, offering full access to our course and we are willing to show anyone our software in live trading.

We never want anyone to buy without being fully confident.

We have hundreds of satisfied clients. Please contact us at info@***.com or at eminidaytrader.com and you can make up your own mind.

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ID
#252007 Review #252007 is a subjective opinion of poster.
Location
Tampa, Florida
Loss
$5000
Advanced Reviewer

Emini Day Trader - Just Plain fail to Deliver

Update by user Jul 27, 2011

Dave Johnston and justin

Original review posted by user Jul 26, 2011
I purchased the software and the recap 3 years ago from EMDT. I spoke with both Justin and Dave on the phone prior to completing the purchase. I have had many interactions with Justin via team viewer as well as email. Any questions I had received a response and the learning curve at the time was kind of steep. The trades needed to be learned and learned well as there wasn't an intelligent assistant to populate the trade. It was very difficult to catch each trade and replicating any kind of stated results was pretty much impossible. As the market began to be more choppy in the last three years the results being obtained by EMDT's trades were losing quite often. A change was needed and to Dave and justin's credit they continued to enhance the software. Now we have trades populated. What has changed is that they have 2 trading systems. One is every populated trade and they track those results. The other, (and this is the important part) is discetionary and strictly chosen after the trading day by using their entry logic. Sounds simple right? Well I am pretty far along in trading and I still can't get it right. About half the days one can deterime the entry's that will be chosen by Dave and Justin but the other half if you did do it it would be luck. Three criteria must be used to decide entry and I won't go into that on this concern but the gist is if you have 2 out of 3 going for you you take the trade. I am sure you think that is easy and it sounds easy. But whn you watch Dave and the recap you will find you just never gwet it. You will NEVER replicate the system results. Dave and Justin like to state you should be able to exceed thiers but that will never happen. If you have traded for any legnth of time you will know that missing just 2 winners in a month and taking 2 of the losers that they won't count and your results are totally upside down. One day a trade can be called a winner and an acceptable trade but the next day it can be aloser and not counted. There is too mcuh discretion on the total of their system and totoaly in the control of what they decide and not what they or the system does. Lastly, they take trades as winners that do not fill. I have been on the end of many. This system is not worth what they are asking for it and you will not achieve their posted results. I have tried for 3 years. If you want to talk with me my email address is janno1951@***.com.
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1 comment
#808449

Yes I have also been payed money for this information...it is really nothing new and it was not helpful to me in my trading.

The guys are nice, but fail to show any consistency with what they claim are system trades.

William Johnston

ID
#251394 Review #251394 is a subjective opinion of poster.
Location
Tampa, Florida
Loss
$5000
Advanced Reviewer

Six Figure Trader - Get an EXAMPLE of what Brian Heyliger is REALLY like

For those of you who are doing your due diligence after listening to Brian Heyliger talk about how you can take a small amount of money and he will show you how to turn it into one hundred thousand dollars a year then listen up. If your webinar was like the one I listened to then let me summarize his tone. He spoke with a mild tone and was confident and matter of fact. In fact, after that webinar you would consider this man very level headed and unemotional about his trading. Your greed or maybe desperation might lead you to believe that maybe this man has this figured out. But his "tone" was light and confident. In fact it was almost as if he really didn't care if you used his service or not. If you really want to know what the real Brain Heyliger is like and how he conducts himself emotionally and professionally then you need to contact me and just read 2 days of ranting this man conducted by my asking for a refund on my card that was charged on my card without my permission. You read it and see if you want to do business with someone who is seemingly so easy to get out of control. Email me at janno1951@***.com and I will share this with you.
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ID
#241625 Review #241625 is a subjective opinion of poster.
Location
Tampa, Florida
Loss
$1400
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Six Figure Trader doesn't Deliver

For any trader out there that had your eye caught by making a six figure income by subscribing to Brian Heyliger's call service there are things of which you need to be made aware. My experiences with Brian and his service were very very unsatisfactory. I wasted my money on his inadequate ability to make trade calls. Along with his claims to be a six figure trader which of course is NOT happening he is was petty, arrogant, and extremely childish. You need also t be very careful about your credit card. He will re-charge you at the time your service has ended and then want you to pay the 5% surcharge he claims comes from the credit card company. Email me and find out what 6 months with Brian was really like if the results he claims but only publishes weeks and months later is accurate. He changes his rules to ensure the service is profitable. Think about it folks, if he REALLY makes that kind of money tell him to PROVE it and you will get all kinds of excuses how that can't happen. Don't get fooled as I did. Email me at janno1951@***.com and I will share all of the story.
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ID
#239937 Review #239937 is a subjective opinion of poster.
Location
Tampa, Florida
Loss
$1400
Advanced Reviewer

Brian Heyliger & Six Figure Trader

Are these trade calls a scam? For those of you interested in possibly paying for this service you need to consider the following. But first of all let me admit I paid for 6 months of this service to my dismay. Brian will get your attention (as it is meant to) by implying that if you pay for his service that you can make 100K per year as he states that he does. First of all let me state categorically that the 6 months I paid for the service we LOST money. Now he will say that wasn't the case but let me assure you that the only reason he would state this is due to him changing rules to meet his individual needs. He also states he trades 10 contracts. Folks, if you haven't traded long enough to know that you don't need to trade more than 4 (which is industry average) to make considerable money then you need to stop trading now anyway. If you are a trader already able to trade 10 contracts then you wouldn't even consider Brian and his service anyway. But, ask him to send you his statements and PROVE he makes it. I believe he makes close to that on suckers who pay him to get NOTHING. I can assure you there will be some personal or legal reason he can't produce this proof.If you want to know who this guy really is then email me at janno1951@***.com and I will forward an email exchange between he and me that will show you who he really is.
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ID
#238853 Review #238853 is a subjective opinion of poster.
Location
Tampa, Florida
Loss
$1400
Advanced Reviewer

Six Figure Trader & Brian Heyliger

For those of you just doing your do diligence I want to ensure you get some feedback from a previous subscriber. My experiences with Brian have been extremely poor. My experiences with Brain were a demonstration of "I don't like the way you play so I'm gonna take my marbles and go home". I'm am not really certain a grown up is making these calls as my communications were with someone who represented himself to be about 12. The results (which we never see) are always different from actual results. If 5 points were lost he states the next day it was "about" 4 points but never shows an updated PNL. He allows no one to take a picture and document. All we know is that his results never match ours. He changes the rules to suit best what he can advertise. I have several emails from Brian you need to see before you spend money.
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4 comments
#529200

I live in Tampa as well. Call me at 813-347-**** and I can tell you exactly why my concern was posted. If you are interested in telling me I screwed up then maybe you can call me and when I explain we can see if you still feel the same.

#529192

Sounds to me like you're being Brian's tool....or that you are just a tool. Perhaps you should *** the BIG ONE. Oh, and *** to whomever deletes this post.

#487547

The guy lives in the basement of his parent's home in Tampa. It's a $110K home.

You can Google his records. It's a nasty scam.

#288325

Not sure where your mis-guideed anger has come from with regard to Brian Heyliger at Six Figure Trader (SixFigureTrader.com).

Brian has done nothing but offer me the utmost trading advice. My trading was going nowhere until I stumped upon his services. The guy even went as far as to trade with me one-on-one without charing me a dime!

Sounds like you guys didn't follow the rules he gave you and you screwed up what otherwise would have been very good trading advice.

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ID
#238137 Review #238137 is a subjective opinion of poster.
Location
Tampa, Florida
Loss
$1400
Advanced Reviewer

Six Figure Trader - Is Brian Heyliger a FRAUD?

Brian Heyliger is not someone with whom you want to do business. Email me at janno1951@***.com and I will detail my experiences with him and his trades. This guy is immature and hot tempered. In my opinion you should not spend any money before talking to me. His trade rules will change like his socks. Whatever keeps him making some kind of money is his over riding rule. He trades 10 contracts and his risk is outrageous. You can do much better with less risk. If you know anything at all about trading you will waste money that you can leave in your account. Email me and I will show you an email exchange he and i have had if you want a demonstration of his temperament and business nature. He is the worst I have seen on the web. Email me at janno1951@***l and get an honest assessment.
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3 comments
#582409

The guy is a great marketer but very underhanded.

#487548

I second Boe Jensen and Janno1951. A marketer, and no long-term proof of actual trade results.

#287907

Brian Heyliger is a marketer, not a trader. Do not even let your curiosity get the better of you and trial this worthless service.

You cannot get confirmation of cancellation. I canceled the service during the trial, yet they continued to charge my card.

Also, be prepared for 3-4 spam emails per day touting "super" and "can't loose" trading systems. This guy is a pusher selling worthless bills of goods and laughing all the way to the bank.

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ID
#237957 Review #237957 is a subjective opinion of poster.
Location
Tampa, Florida
Loss
$1400