ARLTexposed
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This is my experience using Lifestyletrader and I think a few things need to be exposed here. Firstly, I lost a years salary trading Aussie Rob's Lifestyle Trader and rarely saw profitable times.
I cannot recommend spending 10-15K on this product, this money could be better spent..... yes I would invest that money into learning to trade but not with them! and if you are considering buying it, please get on the simulator asap and see for yourself before the 90 days is up, so you can try and get your money back when you change your mind. The clever marketing system they have at Aussie rob lifestyle trader encourages you to paper trade for 90 days before going live. What they also don't encourage you to do is to get on the simulator, for many reasons.
I followed their recipe for success, followed the rules and lost almost half my account. I have traded, softs, grains, Forex and options (vertical spreads). Have any of my trading buddies become profitable consistently?..... NO! Do I know of certain affiliates who don' even trade the product but sell it, YES!
When they say you don't need to be a technical guru to trade lifestyle trader successfully, and everything is easy when you have the right tools it's plain old bs. Okay, firstly they encourage you to trade the basic rules, in and out on a cross from the green (buyers) and red (sellers) lines (which so happen to be just "moving Averages 3 and 5"). The problem with their system is that the signals are always quite late and without "tweaking" the rules you will be lucky to realise the profits on the table. Quite often... choppy markets will take your profits which were supposed to offset your losses.
The first thing the support crew do when you ask for help is blame you for breaking your rules. The help desk, is not all that helpful and apart from a select few are not very experienced or successful at trading. They won't tell you how to get profitable as they can't give you specific financial advice, and what may have worked last month, probably wont work now...... so basically after the 90 days it is all up to you and you may get that cold hard feeling that you really are out on your own and making this system work is entirely up to you.
I have been to many traders clubs and the same theme keeps echoing..... they focus on retaining novices through their 90 day apprenticeship to get their affiliate bonuses and then after that, further on-selling. For example, when you realise your strategy is unsuccessful and that the system is not going to work 70% of the time and/or you were lucky to start in a good month and you ask for help, you will be told to spend even more money to go to "advanced seminars" or "advanced event overseas".... where the real secrets are passed on. In fact, without doing these extra courses there is a good chance you wont be profitable..... Please save yourself the worry and just spend your money learning to trade with professionals, and develop the skills necessary to be successful as a trader. I chose not to poor even more money into this company and believe 11K+ is more than enough to see some results.
Their training emphasizes that no technical analysis is required but the bottom line is without it you wont succeed long term. I was told, "well are you looking at support and resistance, or ways to identify choppy markets in your rules"? My answer was, well no you said not too.... I was told to just follow the signals and take every trade as you know it works!. There seems to be a lot of conflicting advice given. On the one hand they say take every trade within your rules, but then when things go sideways they put the emphasis back on you to have different rules for these times or defined rest periods to ride out the unprofitable times. Every moment is unique in the market and trading a strategy that worked 3mths ago does not guarantee success. So Aussie Rob's lifestyle trader is misleading to the uniformed, and I believe if they were more upfront about their clients real results, it could have saved me thousands.
The positives, yes there are some. Firstly, they do make you think you can do it and help you take the leap into the world of trading. I developed the right mindset, focused on my trading psychology. 80% mindset, 20% strategy! ...read "trading in the zone" 3 times, followed all the training, kept a trading diary, and poured hours of effort and tears and made this my focus for 12mths. However, apart from my first week live where I was up, uncertainty with the markets (thanks Greece) allowed me to fail using lifestyle trader.
A positive of Lifestyletrader is that it opens your eyes up to the world of trading and attracts people who probably would have never gone down that path. I know I will persist and make trading work in the long term, but I don't see it happening with ARLT. Perhaps one day when markets trend well again it may become profitable, but I no longer have faith in it a system I have been unable to make work both live and one the simulator.
The people that have made it work, the mythical legends they talk about at the traders' clubs miraculously disappear and the reasons given are because they are too successful and go out on their own, travel.. blah blah blah...pfffft! I am yet to meet one successful consistent ACTIVE trader using this system, Aussie Rob Lifestyle trader. I have networked with other lifestyle traders and anyone who has made it has either vanished or are unwilling to share their holy grail... or too embarrassed to admit they are also in the same boat as me.
Anyone who claims this system works for them, please email me and I would be happy to exchange experiences.
PS.
Would I be less cynical and a touch less bitter if their product had a descent money back guarantee ...such as" make money trading live for your first 90 days or your money back less a few administration fees... books, postage etc...)
I cannot recommend spending 10-15K on this product, this money could be better spent..... yes I would invest that money into learning to trade but not with them! and if you are considering buying it, please get on the simulator asap and see for yourself before the 90 days is up, so you can try and get your money back when you change your mind. The clever marketing system they have at Aussie rob lifestyle trader encourages you to paper trade for 90 days before going live. What they also don't encourage you to do is to get on the simulator, for many reasons.
I followed their recipe for success, followed the rules and lost almost half my account. I have traded, softs, grains, Forex and options (vertical spreads). Have any of my trading buddies become profitable consistently?..... NO! Do I know of certain affiliates who don' even trade the product but sell it, YES!
When they say you don't need to be a technical guru to trade lifestyle trader successfully, and everything is easy when you have the right tools it's plain old bs. Okay, firstly they encourage you to trade the basic rules, in and out on a cross from the green (buyers) and red (sellers) lines (which so happen to be just "moving Averages 3 and 5"). The problem with their system is that the signals are always quite late and without "tweaking" the rules you will be lucky to realise the profits on the table. Quite often... choppy markets will take your profits which were supposed to offset your losses.
The first thing the support crew do when you ask for help is blame you for breaking your rules. The help desk, is not all that helpful and apart from a select few are not very experienced or successful at trading. They won't tell you how to get profitable as they can't give you specific financial advice, and what may have worked last month, probably wont work now...... so basically after the 90 days it is all up to you and you may get that cold hard feeling that you really are out on your own and making this system work is entirely up to you.
I have been to many traders clubs and the same theme keeps echoing..... they focus on retaining novices through their 90 day apprenticeship to get their affiliate bonuses and then after that, further on-selling. For example, when you realise your strategy is unsuccessful and that the system is not going to work 70% of the time and/or you were lucky to start in a good month and you ask for help, you will be told to spend even more money to go to "advanced seminars" or "advanced event overseas".... where the real secrets are passed on. In fact, without doing these extra courses there is a good chance you wont be profitable..... Please save yourself the worry and just spend your money learning to trade with professionals, and develop the skills necessary to be successful as a trader. I chose not to poor even more money into this company and believe 11K+ is more than enough to see some results.
Their training emphasizes that no technical analysis is required but the bottom line is without it you wont succeed long term. I was told, "well are you looking at support and resistance, or ways to identify choppy markets in your rules"? My answer was, well no you said not too.... I was told to just follow the signals and take every trade as you know it works!. There seems to be a lot of conflicting advice given. On the one hand they say take every trade within your rules, but then when things go sideways they put the emphasis back on you to have different rules for these times or defined rest periods to ride out the unprofitable times. Every moment is unique in the market and trading a strategy that worked 3mths ago does not guarantee success. So Aussie Rob's lifestyle trader is misleading to the uniformed, and I believe if they were more upfront about their clients real results, it could have saved me thousands.
The positives, yes there are some. Firstly, they do make you think you can do it and help you take the leap into the world of trading. I developed the right mindset, focused on my trading psychology. 80% mindset, 20% strategy! ...read "trading in the zone" 3 times, followed all the training, kept a trading diary, and poured hours of effort and tears and made this my focus for 12mths. However, apart from my first week live where I was up, uncertainty with the markets (thanks Greece) allowed me to fail using lifestyle trader.
A positive of Lifestyletrader is that it opens your eyes up to the world of trading and attracts people who probably would have never gone down that path. I know I will persist and make trading work in the long term, but I don't see it happening with ARLT. Perhaps one day when markets trend well again it may become profitable, but I no longer have faith in it a system I have been unable to make work both live and one the simulator.
The people that have made it work, the mythical legends they talk about at the traders' clubs miraculously disappear and the reasons given are because they are too successful and go out on their own, travel.. blah blah blah...pfffft! I am yet to meet one successful consistent ACTIVE trader using this system, Aussie Rob Lifestyle trader. I have networked with other lifestyle traders and anyone who has made it has either vanished or are unwilling to share their holy grail... or too embarrassed to admit they are also in the same boat as me.
Anyone who claims this system works for them, please email me and I would be happy to exchange experiences.
PS.
Would I be less cynical and a touch less bitter if their product had a descent money back guarantee ...such as" make money trading live for your first 90 days or your money back less a few administration fees... books, postage etc...)
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