Academy Day Trading, promoted by Todd Rampe, is a self described provider of training for trading. They are not active traders themselves. They have put together a glitzy piece of software called the Pro9 system. Their marketing speel is very enticing and sucked me right in. This is what I found. They watch several instruments during the trading period and then report on the one that made the most money had one successfully followed the rules and traded it. Since they are not actively trading, the fills are not realistic. For example the EMD futures market is thinly traded and so getting filled usually means 2 or more ticks slippage (sometimes as many as 4 ticks). They always show an optimum fill since they are only looking at a chart and not actively trading it. The trick is to be able to spin the wheel of fortune each time and pick the right instrument for the day. For live trading they are pushing a site “smartmoneyroom.com” which was being run by Steve Dewitt who has been involved in several schemes reported as not worth participating in. Now the room is being run by Scott Dahlquist. I was looking at his reults using the Pro9 system and they seem to be dismal. I paid Todd Rampe and Academy Day Trading $1999 for the Pro9 elite system and lost money and asked for a refund. They refused to honor my request for whatever their technical reason was. I would advise that you hold on to your money and use those resources that successful traders who are actually trading provide through YouTube and other Internet sources. Of course, one could probably be successful if one were lucky enough to choose the particular instrument each day that ends up making money. That crystal ball is not provided by the system being sold.
Academy Day Trading, LLC