I signed up for “Mentor Mike’s” trading class at PTA. His daily blog made it look like he had an amazing trading record, and I wanted to learn how he did it! Unfortunately his expensive class taught me very little of value that I had not already learned or figured out from his blog and free promotional webinars. My trading did not improve one iota. So I was excited when he announced the opening of his new trading room. He used the phrase “earn while you learn” – implying to me that I could make money by following his trades live with him, while also learning how to do this style of trading on my own. During my 6 months in the trading room, I recorded every trade that he took. The exact time the trade was opened and closed, the entry price, the closing price, the total gain or loss for each trade, and his reason for taking the trade. The trades taken in the trading room LOST MONEY EVERY MONTH (an average of – $10,000 a month). Basically he proved to me for 6 months in a row, that his system does not work – period. How could I possibly make money with this system if they guy teaching it to me could not make it work? In addition to the trades taken in the trading room, he would take additional trades in the morning before the room opened, and in the afternoon after the trading room closed. These trades taken outside of the room “magically” worked much better. These trades were generally included on the final charts that he posted for the day (making his system look much better overall). When my 6 month subscription ended, PTA called me to renew. They told me that “the trading room makes $10,000 a month!” Having just witnessed in detail that the trading room LOOSES $10,000 a month, I could only conclude that THESE PEOPLE LIE. .
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This complaint and/or review was posted on Defaulters.com on 18:11 pm, September 19, 2018 (CST) and is a permanent record located at: https://www.defaulters.com/scam/pacific-trading-academy-llc-review/.
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