One Response to “Any one heard about the emini academy? as a day stock trading course / system?”

1. Robert M says:

   August 13, 2010 at 6:37 am

   My first couple of weeks with Oscar were pretty good. I was totally thrilled to find somebody to do the heavy lifting for awhile. I didn’t have a futures trading account and much of my trading capital was custodied in such a manner that it could not be moved, nor could I use it for futures trading. I followed along with Oscar’s recommendations using ETFs tied to the S&P 500. I began the process of opening a small account just to trade one lot and see how I felt about it. I went thru all the paperwork, asked everybody in the room how much the trade commissions were -’ ask Oscar’ was the reply. Talked to the staff — ‘ask Oscar’. When Oscar finally showed up in the trading room, I private-messaged him several times and asked — what’s the cost. He never answered me. So I’m a schmuck. Figuring it would ten bucks or so at most, I placed my first trade. The trade confirmation arrived and I nearly fell off my chair. The charge for 1 lot round-trip was $50. When Oscar showed up again in the room (mind you, you could wait around all day before the great man made an appearance), I sent him a private message saying that $50 wasn’t going to fly. He replied ‘k’ and closed the chat window. I kept opening the window back up, telling him we needed to have a conversation before I placed any more trades. He kept giving noncommittal answers and closing the chat window. I wrote that I was willing to pay $10 each leg. He wrote no prob. It’s all good. But you can’t discuss it with other room members. Don’t want a mutiny here. Most of the others pay $50. I didn’t put that in quotes, but it’s pretty close to word for word. I said I wanted an agreement it in writing. He said he had ‘guests in town’. I wrote that I wanted it by the end of the day. It took a boycott on my part of one week (not participating in the trading room) before Oscar contacted me. He was full of excuses as to why it had taken so long to reply. Friends in town, birthday party, etc., etc. He wanted me to let him know when I was ready to ‘rock and roll’. The thing that was missing was a written disclosure of trading charges but – I ‘had his word’ on it.

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