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  • Report: #1092861

Complaint Review: TARGET DAY TRADING

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  • Submitted: Fri, October 18, 2013
  • Updated: Fri, October 18, 2013

  • Reported By: Michael — Los Angeles California
TARGET DAY TRADING
848 N. RAINBOW BLVD, #451 Las Vegas, Nevada USA

TARGET DAY TRADING TODD RAMPE Todd Rampe of Target Day Trading is an Account Drawdown Pro Las Vegas Nevada

*Consumer Comment: Put Your Money Where Your Mouth Is!

*Consumer Comment: Disappointing and flippant response from Todd Rampe

*REBUTTAL Owner of company: I wish you the best.

*Author of original report: Target Day Trading Drawdowns Exposed !

*REBUTTAL Owner of company: Todd Rampe's Rebuttal

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 Target Day Trading by Todd Rampe is a Futures Trading Signal Service.  Tood has a website and slick video on it, but DO NOT be fooled.  If you enjoy losing trades, if you enjoy drawdowns, if you enjoy another internet marketer who makes empty promises, then Todd Rampe is your guy.  After seeing his video sales pitch, I signed up to my dismay.  After only 3 week of his signal service, I had to pull the plug. 

This is how the scam goes.  On his videos, he will show what I call the "spectacular results page" of his trading.  However, you will note that the spectacular results are inputted by him on a Excel spreadsheet.  Of course he will not show any broker statements of his performance, just an excel speadsheet.   Spreadsheets are easy to plug in numbers, where a broker statement is the real proof.  So what we have here is a guy who markets his service showing a dummy results page, and then charges a new group of recruits $500 a month to give consistent losing trades.  Within a 3 weeks period of time after subscribing, he had losing trades every day of the week except for one day.  At the end of each week, he would say it is the worst week he has ever had.  After 3 weeks of taking Todd Rampe's trade signals, my account had lost almost 40% of its value.  Horrific I know.   He would have about 85% large losers, and 15% of small winners.  At this rate, the account would be completely wiped out after about 2 months.  But Todd keeps on going, charging $500 a month to give losing trade signals day after day after day.  But a sucker is born every minute, so when the new recruits accounts take a beating, Tood can pull the same scam on a new group of recruits the next month.  While Todd may show Excel spreadsheets with manually inputted results, the actual results with a Live Account will leave you with large losses.  Todd Rampe should call his company what is really is ... "Target YOUR MONEY Day Trading."  Here is the best day trading advice I can give .... STAY AWAY FROM TARGET DAY TRADING and TODD RAMPE.  A coin toss would greatly outperfrom a signal service coming from this company.  I understand that their are risks in trading, but no one should be subject to losing their money at the hands of someone who claims they are "all that" when it comes to trading, but in reality should definitely not be trading, and most definitely should not be giving trading advise at any price.


This report was posted on Ripoff Report on 10/18/2013 10:02 AM and is a permanent record located here: http://www.ripoffreport.com/r/TARGET-DAY-TRADING/Las-Vegas-Nevada-89107/TARGET-DAY-TRADING-TODD-RAMPE-Todd-Rampe-of-Target-Day-Trading-is-an-Account-Drawdown-1092861. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
1Author 2Consumer 2Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Put Your Money Where Your Mouth Is!

AUTHOR: Nick - ()

I have just watched Todd's "Customer Acquisition" Video so thought I would do some due diligence before looking into it further. I along with most people have been ripped off before when all we simply wish to do is find a legitimate way to create a suitable ROI so that we can create a level of lifestyle that will allow us to provide a very comfortable standard of living for those who are important in our lives - "Our Family and close friends"

I have been cold called and emailed as well as responded to some online ads that promise the world and yet don't deliver!

My standard response to anyone who promises me fabulous results is. "Well put your money where your mouth is"! In other words Todd, if your Day Trading program is as successful as you make it out to be, then offer if for free for the 1st 30 or better yet, 60 days! You are doing the same amount of work and making your own trades anyway so there's very little risk of enduring additional costs. Let people trade a paper account if they wish on your recomendations so that they can confirm in their own mind that the insight and recommendations you offer will make them $.

Trust me, if anyone could prove to me in this manner that if I were to part with my hard earned $, I would get a reasonable ROI, I would be signing up with them in a heartbeat!

That type of offer would show me that the promoter has total confidence and integrity in what they offer! Anything less than that, I personally am not interested in wasting my time exploring and for that matter, neither should you as a consumer.

All the best to those who are seeking legitimate ways in building their financial future! ;-)

 

 

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#2 Consumer Comment

Disappointing and flippant response from Todd Rampe

AUTHOR: Ann - ()

My name is Ann McLaren from the UK and I've been a subscriber to the Target Day Trading room for just over 7 weeks. I've chosen to file a rebuttal rather than a ripoff report because at this stage I genuinely don't know whether I've been conned or not. The jury is still out.

What I DO know is that I am very disappointed with Todd's flippant response to the ripoff report filed by Michael.  

Starting with the positives:

Todd APPEARS to be genuine. As he says in his first rebuttal, he is easily accessible, answers his phone and replies to emails. 

Before I began trading I spoke to Todd's broker at Infinity Futures for reassurance, who told me he has successfully traded his own account with them for over 10 years. 

On one occasion in the trading room Todd mistakenly called out the wrong entry price for a trade before correcting himself, which led to a few of us with fast trigger fingers getting filled at the wrong price, getting stopped out and losing money on the trade. He asked us to send a screenshot showing our P/L and promised to cover the loss. He honoured this promise. 

It also makes no sense for Todd to make false claims in order to recruit a new set of "suckers" each month to pay his monthly subscription of $497. As I retired marketer myself I know that with so many offers and so much "noise" on the Internet that it's really hard to get people's attention and I doubt there's much profit left from the first month's subscription after deducting his marketing costs. 

Not to mention the fact that the "suckers" are going to come to places like this and warn off the next set of suckers, making his job that much harder.

No, it would make much more sense for him to have happy subscribers paying $497 month in, month out rather than branding himself as just another scammer and ruining his own reputation. 

And now for the negatives:

As correctly stated by Michael in his report, Todd recruits subscribers to his trade calling service by means of a webinar, i.e. an online presentation. He has a great manner and if he IS a scammer, then I'd like to give him the accolade of being the most accomplished one I've ever encountered. 

During the presentation he showed Excel spreadsheets of past results of every trading day from 1 January to 16 August 2013. I took screenshots of these. 

According to his spreadsheets, in exactly 32 weeks of trading he had just 8 losing days and not a single losing week. Or put another way, 32 consecutive winning weeks. 

The total profit for these 32 weeks, trading with 2 contracts, was over $81,000. 


In the 7 weeks I've been in the trading room we have had 4 losing weeks, 2 winning weeks and 1 break-even week. After  my account was down over $2000 I switched back to simulated mode but had I continued using real money I would now be down a further $1000. 

It does seem very odd that the results suddenly fell off the cliff as soon as he opened the trading room. Either it's a terrible coincidence, maybe a quantum physical phenomenon or, my least favourite theory, Todd has lied to us about his trading successes.

The fact that he has not published any of our recent losses and also the way he went on the attack when faced with Michael's truthful points has made me wonder about him and is the reason I've stepped into the fray. 

Call me naive but I still want to believe that Todd is genuine and that the past 7 weeks are just a blip in his otherwise exemplary trading record.  

I would like nothing better than to return here after a few more weeks in the trading room with a fat account balance and eat humble pie. And I won't hesitate to do so.

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#3 REBUTTAL Owner of company

I wish you the best.

AUTHOR: Todd Rampe - ()

I wish you the best. 

P.S. Remember, there is no such thing as bad press, my new friend. 

 

    

 

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#4 Author of original report

Target Day Trading Drawdowns Exposed !

AUTHOR: Michael - ()

This is in response to Target Day Tradings Rebuttal.

Todd Rampe's rebuttal addresses none of the issues in the Ripoff Report.   The ripoff report was written by a real user of Target Day Trading service and not any competition.   I felt it a duty to inform the world that when you brag about results back them up with provable facts.  Not BS excel statements. 

You see, Target Day Trading signals given resulted in a 40% drawdown in 3 weeks.  That is real.  Phony excel printouts given by Target Day Trading are not. 

And your damned right, I did cover all the basis because people are tired on internet BS ... ala Target Day Trading.

Any yes, I was in your professional account drawdown room.  And no I did not contact you ... for what?  To hear more BS from you.  What you are going to give back my 40%.  Contacting you will not change the facts.  The facts are historical results that cannot be changed, and NO you cannot buy me off to keep quite.  So there is no point in emailing you.  I only posted my comments to protect other innocent folks on a bragging internet marketer and the TRUE drawdown results of live trading, not a slick video. Nothing more and nothing less.

So Target Day Trading can respond with cliche's and whine and moan, but facts are facts.

In fact Mr. Todd Rampe, please shut me up and prove me a liar one and for all and I will eat all my words with a follow-up post.  ALL YOU HAVE TO SIMPLY DO IS POST YOUR REDACTED STATEMENTS.  IN FACT, MAKE IT SIMPLE, JUST SHOW YOUR REDACTED BROKER STATEMENT FOR THE MONTH OF OCTOBER 2013 SHOWING ALL THOSE GREAT TRADES AND PROFITS AND I WILL REDACT MY PREVIOUS POST.  BUT TODD, YOU AND I BOTH KNOW THAT ISN'T GOING TO HAPPEN.

Instead you will offer up some other distraction or cliche so typical of marketers when called out, but never addressing the REAL ISSUES....

1) BOGUS EXCEL SPREADSHEETS

2) LOSING TRADES

4) LIVE ACCOUNT DRAWDOWNS.

5) HIDNG THE REDACTED BROKER STATEMENTS.

You see Todd, all the chest pounding and whining about real user results does not nor will ever substitute for Redacted Broker Statements.

Yes Todd, you may think of it as unfair to be thought of as guilty and having to prove your innocence.  Will that should be alot less painfull to do that having a client suffer through losing trade after losing trade and the subsequent huge drawdown. 

 

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#5 REBUTTAL Owner of company

Todd Rampe's Rebuttal

AUTHOR: Todd - ()

"Todd, your COMPETITION is going to hate you... they get really jealous, and will badmouth you at every turn." 

 

I was told to expect this. 

 

A very well written piece... too well written, in fact.

 

The headline lists my: COMPANY NAME and then MY NAME

Then the second heading has them in reverse:  MY NAME - COMPANY NAME

 

Very SEO savy... this will certainly get picked up by the search engines, no doubt. (a dead give away)

 

The entire text was clearly written by a professional, covering all the bases, weaving a detailed story about this experienced huckster... me!  Unhappy customers typically complain to the company, demand a refund, or threaten to post to sites like these if they don't get any satisfaction.  

 

If this is from a real person, that was hiding their true identity, why have I never received so much as an email from someone this unhappy... EVER?? 

 

Here's the problem... when people can anonymously post things without even having to put their name, email or phone number for verification, it's just wrong. Furthermore, the accused must be 100% transparent, showing their information in order to be credible.

 

This is the OPPOSITE of "Innocent until proven guilty."

 

Fact is, I checked my records, and I NEVER even had a "Michael from Los Angeles" in the trading room.

 

If you are a real person, and I am totally wrong, call me, email me, do something.

 

If you really were in my room, then you know how simple it is to contact me.

 

So there you go... my rebuttal.

 

Sincerely.

 

P.S. If you have any questions about my service or software, pick up the phone and call... it really is that simple. 
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