SkipperX

skipperx….My final say! says: August 21, 2009 at 7:25 am I found Oscar’s site, while looking on the internet, as I was interested in day trading. Man, I had no experience; I didn’t even know how to close out a long contract. I watched the videos, hung out in the Copper Room, and was sucked in on the bait dangled by Oscar, to enter the Premium Room. I would get to trade beside the great man, learn how he got in and out of trades, and also get the famed AD…which supposedly had an 80 – 90% success rate. So I ponied up my $50k, as I wanted to trade 4 to 5 contracts, because I wanted to be a ‘multi lot trader’. I set up a Dorman account, paying $50 r/t. I very quickly found that this was making the AD impossible; paying a 1 point fee on a 3-4 point trade, with a 4 point risk. Don’t add up! Anyway, I found others were paying below $10, and I cut the same deal with Oscar. I wasn’t allowed to tell anyone about this. As the trades rolled by, my trading results RARELY matched the results Oscar was posting in his rec’s and flashes. I would never get the LOD’s or HOD’s, like Oscar. I would have many more stopped out trades than him, even following his advice. Something was just not right. Well, my account kept going in one direction, DOWN. $1k, $2k, $3k….$7k down. At the $7k point there were about $3k in fees to Oscar, and $4k in trading losses. It was hard to follow his advice in the chat room. If I got it wrong, it was because ‘I didn’t know how to read between the lines’. I saw an endless stream of people come in and leave, leave , leave. I just kept having this uneasy feeling….the secret OMNI entries; not being allowed to mention anything about STOP levels; the secret AD machine; not being able to ask Oscar too many questions without being labelled a BASHER, and being booted. And then there was always the same request by Oscar…”Please leave favourable comments on my YouTube videos, directed to new traders needing help”. Easier to get them innocent and foolish, ah Oscar? When I first found Oscar, I googled all over to find critics, there were none. Then I found this site. I realised all my suspicions were true. Many, many other people who had left, been booted, or were still there, were voicing the same concerns and complaints that I had. I started “bashing”…..it’s been pretty funny at times, but it’s run it’s coarse, like all things. Oscar’s time may be running out, he OMNI business may survive, but his reputation is doomed if he continues like this. Can’t fool all of the people, all of the time, Oscar. ALL the traders, which I consider to be any good, have left, in anywhere between 2 and 6 months. There are now 4 or 5 trading chat rooms, full of ex-Omniacs. The Premium Room use have 120 traders, now it’s down to 60 odd, maybe that will pick up a bit in September. The Gold Room is basically empty, and Oscar couldn’t give a shit about the Copper Room, as he gets no money from that Chat Room. The Copper Chat Room is used as a feeder room to up sell the other PAYING services. “Vpops” is the next latest and greatest up sell. Fair enough, everyone has to make a living. A business is a business. My concerns and criticisms are how money is made, at the Omni Trading Academy. Others have expressed the same views over and over again, here on this, and other sites. This site is not about ‘cry-babies or ‘bashers’, or ‘children’,….although there has been some of that. It’s about business methods, unanswered criticisms, and very, very poor customer relations. Once again, thanks to Danny, for providing this forum. I did learn basic chart patterns, trade set-ups, and how to handle a trade. I learnt nothing about why to enter or exit at a certain level….you are not allowed to know the secret of the OMNI. After studying many, many rec’s and entry levels in ES, NQ, Russell, Dow, etc….the correlation between the OMNI entry points and PIVOT point analysis, more than suggested that the OMNI is Pivot based. But, hey that’s Oscar’s secret black box Those reading this, and are going to join Oscar, please do. There are things to be learnt, but also be aware of some of the pitfalls. Now, this brings to one last point, and Oscar I hope you have the chance to read this……and it’s about an Omni trader from Italy, called Emilio. He was a wild, wild trader, throwing money all over the place. Lots and lots of trading losses. From talk in the chat room, it transpired that at times, Emilio had a drinking, and / or other related emotional problems. These problems, combined with out of control day trading are an explosive mix. Emilio ended up in a mental institution, to calm down. He wasobviously super, super stressed out. It was a time he needed to get better. Everyone was quite concerned for him. Really, not a time to be doing any trading. But, Oscar, kept taking his trades from the metal institution. That is just an unbelievable unconscionable action by you, Oscar. That certainly was the low point for me. I believe Emilio has since stop trading. I stand to be corrected on any of this.  So that’s it from me, skipperx, over and out.