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Report: #388109

Complaint Review: Edge Traders, Sam Baum - Marlboro New Jersey

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  • Reported By: london Other
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  • Edge Traders, Sam Baum 61 Rutledge Rd Marlboro, New Jersey U.S.A.

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Edge Traders is an educational trading service operated by the nefarious scamster Edan Aharony aka Sam Baum. He is charging $6300 to learn trading techniques that are available in four books for about $125. In fact, these books are actually more thorough than Edge Traders course and you can read them as much as you want at any time of the day, unlike those amateur web-videos Edge Traders produces and restricts the viewing time.

There are 2 aspects to trading: successful setups and psychology.

To learn 95% of the setups taught in Edge Traders, read John Persons' Candelstick and Pivot Point Trading Triggers and Suri Dudella's trade Chart Patterns Like the Pros. Only use a 15 or 60 minute chart for those setups like Edge Traders teaches.

To get your head on straight from a pyschological perspective, read Mark Douglas' Trading in the Zone and John Hayden's The 21 Irrefutable Truths of Trading.

I'm happy to have saved all of you $6175 by joining Edge Traders. Let Aharony find another way to line his pockets.

Good luck and God bless Ripoffreport for having the integrity to not cave in from the pressure of scamsters like Aharony and his high priced lawyers who threaten will baseless lawsuits.

Mastapredata
london
United Kingdom

This report was posted on Ripoff Report on 11/05/2008 06:21 AM and is a permanent record located here: https://www.ripoffreport.com/reports/edge-traders-sam-baum/marlboro-new-jersey/edge-traders-sam-baum-6300-ripoff-get-it-for-100-instead-marlboro-new-jersey-388109. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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REBUTTALS & REPLIES:
0Author
11Consumer
5Employee/Owner

#16 REBUTTAL Owner of company

Your true colors do show up

AUTHOR: Sam Baum - (U.S.A.)

POSTED: Sunday, November 16, 2008

I thought your name is 'Frank' and your sole purpose is to find about the Om novia thing??? I guess your name Scambum, TraderJ, Mastapredata or any other name you might call yourself for that matter because you are the disgruntle employee who's sole purpose it to try and get even with me for the fact I fired you. And you are the one who posted all the other posts in this forum. For 5 years since we've been in business - nothing - no posts what so ever.

If you were to quit the job, then I can see your credibility in trying to expose me. But since you were fired and given your history of shameful behavior, in other forums, to the degree that you were banned from other forums for trying to do to other people what you are trying to do to me, than I'd say your credibility is 0, 'AHK' as you are called somewhere else

Up to a week before you got fired you were telling people I'm the greatest trader you came across, what changed? you got fired? Can't I just move on without you? and can't you move on without trying to vindicate yourself?

Are you that obsessed with haterate? that that is all you are consumed with?

Edge Trader does not make any claims of profit or losses, it serves no purpose what so ever. we do however project our dom for everyone to see and they can make their judgment. Real trades, real money.

Time frames have nothing to do with the method although there are easier ways of pinpointing our entries

I do say that for getting at least 1 point out of every call we make, there is about 80% success ratio. and again no one has to take my word for it you can come in to our room and sample it for yourself

I did ask for permission to post the testimonials and just like the fact that their membership was carried over to the new endeavor and wasn't terminated, I can assume that their testimonial still hold, after all they were written to me.

But you, and you hanger for revenge, tried to turn it against me, calling people and enticing them to look at the fact I posted their testimonials saying 'How dare he do it to you, look at what he is doing!!!' even though we put a disclaimer all the way at the bottom of the testimonials not to deceive anyone.

And yes some people did fall for your dirty little vindictive tactics and did pull their testimonials, no big deal we still have plenty top show for. I know you want to turn it into an issue after all every little detail you try to scrutinize even to the point you were still a member in my room yet you disguised yourself to a guest and went out on some of the forums and said we trade fake money with a sim dom even though the dom shows clearly an account number...how low can you go???
when I had execution problems with the dom you said 'only sim dom have execution problems like I reported', yet you saw a real dom infront of your eyes, didn't you? And then you had the audacity to ask me why I banned you from the room??? Go figure... this is the person I'm dealing with right now folks

I do use an edge print
and I disclose it in the orientation, its a variation of time and sale that is the only indicator I use throughout the day, we are tape readers, thus the little use of time frames, I SAY TAHT IN THE ORIENTATION but again you try and use it against me, a razor is a very low impact indicator I developed and in very rare cases I use it, I'd say it doesn't hold more than 2% of our trading methodology, although it is very reliable and I'm willing to share it with every member. You can also be a very good trader without that indicator and I say it in the free week trial as well so I'm not misleading if the indicator fires I let people know, how exactly am I deceiving?

I'd been paying $24 per month to om novia plus credit card fees and other small fees that amounted to $26 per month, what happened I though you had spoken to om novia about us, I guess that was another lie of yours

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#15 Author of original report

Sam, we're patiently waiting

AUTHOR: Mastapredata - (United Kingdom)

POSTED: Saturday, November 08, 2008

Sam, since you spent so much time here writing rebuttals that don't answer any of our questions, I'll repeat them for you. We understand you had a divorce with an ex-employee, but that doesn't help the trading community get to the truth of what appear to be serious concerns. Next time you stop bye, please take time to focus on and answer these:

1) Were the performance results you posted on the Trading Zoo website real trades as you represented or paper trades? If real, post your statements to back them up.

2) Why did you delete the performance of the week of March 10, 2007? Did you have a $40,000+ loss on March 11?

3) Did any of your investors you put money into your so-called hedge fund, Magnolia Capital, during 2007 make a profit at year end? How is Magnolia doing in 2008? Please post results.

4) Did you get written permisson to change the testimonials from the Trading Zoo members so you could post them on Edge Traders website? If so, why did over 6 members ask you to take theirs down from the site?

5) Please provide any proof of your claim that Edge Traders system produces an '80% win ratio' as you claim on the website.

6) Why do you state in your soundbites on Edge Traders website that you use only one timeframe and no indicators, when, in truth, you use 3 timeframes (daily, 15 and 60 minute), and 2 indicators (EdgePrint aka Zoopulse and Razor aka Roach).

7) Did you tell your all your prospective members and students they would have to pay YOU a $26.00 monthly fee for Omnovia conference room that simply covered your cost directly from Omnovia? Please tell us what you actually pay to Omnovia on average per each member (not Guest) seat on a monthly basis.

We look forward to hearing from you on these important matters.
_________________
"if you can't dazzle them with brilliance, baffle them with BS"

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#14 Author of original report

Evasion, Evasion and Evasion

AUTHOR: Mastapredata - (United Kingdom)

POSTED: Thursday, November 06, 2008

How many times do I have to tell you, I'm not Barry. I know English is not your native language, but this is getting annoying. By the way, I respectfully urge you to use spellcheck when you post.

Anyway, the more you post here the more hits go to Google and when people do a search of Edge Traders, Sam Baum, Edan Aharony or Trading Zoo, they will find themselves here and will then learn the truth about you, so that is a good thing.

And if anyone did any damage to you, crybaby, it is you. How? By concealing the truth about your pathetic trading record as a hedge fund manager and bragging you are one of the best traders in the USA. You failed at both as a dozen Zoo members who lost a fortune can attest. Let alone the scores of members who still can't employ your system on a consistently profitable basis.

The purpose of an owner coming here is to repair your reputation, not go on a paranoid rant about people no one cares about. You, not anyone else, are charging $6300 so we are entitled to answers. So let's give you the benefit of the doubt and see if you are man enough to answer these questions without getting off topic:

1) Were the performance results you posted on the Trading Zoo website real trades as you represented or paper trades? If real, post your statements to back them up.

2) Why did you delete the performance of the week of March 10, 2007? Did you have a $40,000+ loss on March 11?

3) Did any of your investors you put money into your so-called hedge fund, Magnolia Capital, during 2007 make a profit at year end? How is Magnolia doing in 2008? Please post results.

4) Did you get written permisson to change the testimonials from the Trading Zoo members so you could post them on Edge Traders website? If so, why did over 6 members ask you to take theirs down from the site?

5) Please provide any proof of your claim that Edge Traders system produces an "80 win ratio" as you claim on the website.

6) Why do you state in your soundbites on Edge Traders website that you use only one timeframe and no indicators, when, in truth, you use 3 timeframes (daily, 15 and 60 minute), and 2 indicators (EdgePrint aka Zoopulse and Razor aka Roach).

This is a good start. There are many more, but we'll wait to see what you say. And please, spare us your rants about kelski. You made your bed, now sleep in it.

May the truth set you free.

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#13 REBUTTAL Owner of company

This is in respond to the damage you did

AUTHOR: Sam Baum - (U.S.A.)

POSTED: Thursday, November 06, 2008

This post for your information came after the damage you have done through your dirty little tricks of trying to lure people to the zoo. I was bad mouth because of you AHK or Barry Kellner. I have respect for Bruce M for exposing you for the dirty little man you are. Keep on with you revenge.

One would only wonder why spend so much time and effort to try and bash me if it wasn't for the fact you are seeking revenge for being fired.

You got kicked out of all the forums because you are no good of a man. I'm trying to stay positive and not get into all the negativity you cause.

I told you GET A LIFe BARRY! move on your day in court is coming.

You got fired it's not the end of the world trying to be vindictive and get back at me just expose you for who you really are. I can't imagine anybody would want to be close to you.
You have been employed by me and made a lot of money. I guess now you can't get over the fact you wont make that kind of money any more and your self image is so shuttered that all you want is to get revenge.

I should put the post on how you were exposed on the forums but it's not what I'm after I want nothing to do with your pathtic little life of yours. go back to try and hassle for money you'll never be a good trader because you have no integrity, had you had integrity you wouldn't have done what you are doing. If I was such a bad person why did you keep your mouth shut, why did you stay with me until I let you go???
It's only after I fired you that you gathered some information about my fund and started publish bashing posts to try and get even I sent you a nice letter saying I wont be needing you services anymore although I could have been much more explicit for what you have done to us, I sent you a check for $2400 and a thank you letter. You cashed the check, waited for it to clear and then started posting things about me a day later what a great guy you are.

I'm so sorry I ever listened to you when you hassled your way into becoming my employee what a back stabber you are.

I never knew what I got myself into

And just to make one thing clear you told my lawyer you wanted to come back into my room I didn't invite you back.

The fund is in existence since May of 07 get your facts correct when I spoke to Bruce we had a couple of great months under our belt. Oh and just so you know because you obviously have no knowledge in managing money if you have a 20% return per month and someone adds more funds in the middle of the month it will reduce your bottom line because it's the aggregated sum of the fund at the end of the month Vs the amount of profits at the end of the month

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#12 Author of original report

Sam's Post from mypivotsdotcom using MP as alias

AUTHOR: Mastapredata - (United Kingdom)

POSTED: Thursday, November 06, 2008

Sorry this got deleted from the last post of mine. Here is what he wrote on July 13 2007:

Tell Bruce M, this is MP, I was just told about this pathetic thread that you are running here by one of my students. Who are you? Bad mouthing me like that over here, do you even know me? Do you know what I'm about? You have some nerve questioning my integrity. I never told anyone of my students to come in here and post any solicitations, I give you my word on this. in fact I always preach my traders to stay out of those chat rooms because all they can do is harm themselves by associating themselves with negativity and peering themselves with losers. Obviously you have no life and posting here is what gives you a great pleasure. I'm not going to get into a war of words with you so save the reply, you are way beneath my status to even worry about. I don't only teach I trade as well and run a very successful hedge fund. I don't just talk the talk but I walk the walk I average for my clients, and I, about 10% return a week. I'm one of the best traders in the US and you really think I'll be bothered by someone like you? just don't bad mouth me and keep your thoughts to yourself, you don't know a thing about me and to do something like that is uncalled for...get a life! I wish you would invest the same energy you spend over here helping poor children or your local church. Have a good life and concentrate your energy in a more positive direction, you'll be less bitter with life. Chao.

Well we sure know a thing about you now Sam Baum. Things you never wanted others to learn so you could continue your charade.

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#11 Author of original report

Sam's Post from mypivotsdotcom using MP as alias

AUTHOR: Mastapredata - (United Kingdom)

POSTED: Thursday, November 06, 2008

Sorry this got deleted from the last post of mine. Here is what he wrote on July 13 2007:

Tell Bruce M, this is MP, I was just told about this pathetic thread that you are running here by one of my students. Who are you? Bad mouthing me like that over here, do you even know me? Do you know what I'm about? You have some nerve questioning my integrity. I never told anyone of my students to come in here and post any solicitations, I give you my word on this. in fact I always preach my traders to stay out of those chat rooms because all they can do is harm themselves by associating themselves with negativity and peering themselves with losers. Obviously you have no life and posting here is what gives you a great pleasure. I'm not going to get into a war of words with you so save the reply, you are way beneath my status to even worry about. I don't only teach I trade as well and run a very successful hedge fund. I don't just talk the talk but I walk the walk I average for my clients, and I, about 10% return a week. I'm one of the best traders in the US and you really think I'll be bothered by someone like you? just don't bad mouth me and keep your thoughts to yourself, you don't know a thing about me and to do something like that is uncalled for...get a life! I wish you would invest the same energy you spend over here helping poor children or your local church. Have a good life and concentrate your energy in a more positive direction, you'll be less bitter with life. Chao.

Well we sure know a thing about you now Sam Baum. Things you never wanted others to learn so you could continue your charade.

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#10 Author of original report

Sam's Post from mypivotsdotcom using MP as alias

AUTHOR: Mastapredata - (United Kingdom)

POSTED: Thursday, November 06, 2008

Sorry this got deleted from the last post of mine. Here is what he wrote on July 13 2007:

Tell Bruce M, this is MP, I was just told about this pathetic thread that you are running here by one of my students. Who are you? Bad mouthing me like that over here, do you even know me? Do you know what I'm about? You have some nerve questioning my integrity. I never told anyone of my students to come in here and post any solicitations, I give you my word on this. in fact I always preach my traders to stay out of those chat rooms because all they can do is harm themselves by associating themselves with negativity and peering themselves with losers. Obviously you have no life and posting here is what gives you a great pleasure. I'm not going to get into a war of words with you so save the reply, you are way beneath my status to even worry about. I don't only teach I trade as well and run a very successful hedge fund. I don't just talk the talk but I walk the walk I average for my clients, and I, about 10% return a week. I'm one of the best traders in the US and you really think I'll be bothered by someone like you? just don't bad mouth me and keep your thoughts to yourself, you don't know a thing about me and to do something like that is uncalled for...get a life! I wish you would invest the same energy you spend over here helping poor children or your local church. Have a good life and concentrate your energy in a more positive direction, you'll be less bitter with life. Chao.

Well we sure know a thing about you now Sam Baum. Things you never wanted others to learn so you could continue your charade.

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#9 Author of original report

Sam's Post from mypivotsdotcom using MP as alias

AUTHOR: Mastapredata - (United Kingdom)

POSTED: Thursday, November 06, 2008

Sorry this got deleted from the last post of mine. Here is what he wrote on July 13 2007:

Tell Bruce M, this is MP, I was just told about this pathetic thread that you are running here by one of my students. Who are you? Bad mouthing me like that over here, do you even know me? Do you know what I'm about? You have some nerve questioning my integrity. I never told anyone of my students to come in here and post any solicitations, I give you my word on this. in fact I always preach my traders to stay out of those chat rooms because all they can do is harm themselves by associating themselves with negativity and peering themselves with losers. Obviously you have no life and posting here is what gives you a great pleasure. I'm not going to get into a war of words with you so save the reply, you are way beneath my status to even worry about. I don't only teach I trade as well and run a very successful hedge fund. I don't just talk the talk but I walk the walk I average for my clients, and I, about 10% return a week. I'm one of the best traders in the US and you really think I'll be bothered by someone like you? just don't bad mouth me and keep your thoughts to yourself, you don't know a thing about me and to do something like that is uncalled for...get a life! I wish you would invest the same energy you spend over here helping poor children or your local church. Have a good life and concentrate your energy in a more positive direction, you'll be less bitter with life. Chao.

Well we sure know a thing about you now Sam Baum. Things you never wanted others to learn so you could continue your charade.

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#8 Consumer Suggestion

Sam's Post from mypivotsdotcom using MP as alias

AUTHOR: Mastapredata - (United Kingdom)

POSTED: Thursday, November 06, 2008

Sorry this got deleted from the last post of mine. Here is what he wrote on July 13 2007:

>>

Well we sure know a thing about you now Sam Baum. Things you never wanted others to learn so you could continue your charade.

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#7 Author of original report

Master Trader? Honest Teacher? You Decide

AUTHOR: Mastapredata - (United Kingdom)

POSTED: Thursday, November 06, 2008

Sorry to dissapoint you, but I am not kelski and I don't care if you have my IP. I am simply one of the traders in your room who spend $6000, learned very little trying to make failed methods work and then got conned in putting money in your so called "hedge" fund that had no hedge, and no stops. So now I am exposing you for what you are and yes, I am angry and so are about a dozen others in the room who lost a small fortune with you, let alone all the others who can't seem to find consistent success with your system. When I asked you to at least return some of the commissions you earned to ease my pain, you told me to pound salt. You should be ashamed of yourself.

Your trading style sucks. You try to catch the falling meteor with a limit order because a candle wick is down there and stop a soaring eagle with the same foolish strategy. Contra trend trading doesn't work and when it failed for you, you doubled and tripled down on your bet. In other words, you chased you lossers and prayed they would come gack to get you out even. You preach discipline and yet there were many days in which you took over 25 trades in 30 minutes, frantically calling trades so fast no one in the room could keep up with them. You were like a trader on crack. Where's the discipline in that?

And here you come back again with this paranoid delusion that all the posters are kelski when you know otherwise. But you have yet to address any of the complaints about your deceitful marketing tactics.

At the end of the day, you are nothing more than a systems vendor charging $6300 for information that's available for free on the Internet or for $100 in books. You've already shown you can't trade well through Magnolia Fund (are you going to blame kelski for that too?) Like all vendors in this slimey business, you can't trade profitably so you sell a system. If you were making $1million a year like you bragged in the room, you wouldn't need the $6300 from newbees. And why wouldn't you simply increase your size if your so d**n successful trading and make $3million? Don't give us the BS that you love to teach. That is the oldest and least sincere answer in the vendor's bag of tricks. Besides, you don't teach, you have pre-recorded webinars that are so cheesy, they look like they were made in the basement of a 13year old kid.

You have not answered any of the acussations against you here. You refuse to post your tradind statement so we can see if they foot with the trades in the Performance History of Trading Zoo. You have provide no data to back up your ridiculous claim that Edge Traders has an "80% win ratio." You deceitfully took old testimonials, change the words in them and posted them on Edge Trader's website without prior written permission from the writers. You refude to post your entire tracj record from Magnolia Capital so we can really see how the teacher trades with others people's money. You have avoided anything that would help a propsective student of Edge Traders make an educated decision based on due diligence. You have avoided the facts so you can rant and rave like a madman in the night about kelski as if he is casuing you all your current problems and you also have no proof of that.

And now we learn that after bashing kelski here and blaming him for everything under the sun, you actually invited him back to co-moderate with you after J. Edward walked out. I know this is true because kelski sent me a copy of your email. How do you explain that?

There is a Trading Zoo member who operates a forum called wwwaskatraderdotcom. I urge all the readers to sign in to that site and see what others have to say about Sam, including the owner of the site. sam begged him to take down the negative posts, but this member has integrity and believes in the truth as well as freedom of speech.

Last, but not least this is what you posted in mypivotsdotcom site.

>>

I swear folks, you can't make up stuff like this. This statement by Sam (MP as he called himself during the Trading Zoo era). Allow me to point out the lies. First, the so-called hedge fund didn't commence until June, about 1 month before Sam posted this and for the month of June the fund was up 9.12% according to the Disclosure Document filed with the NFA. Does 1 month of performance make this a "very successful" hedge fund? And how do you get to a 10% a week profit when the entire month was less than 10%? Are you, the reader getting the picture of how this man deceives? He claims he was one of "the best traders in the US" but we know according to the Disclosure Document that every single investor in his fund during the 2007 year lost money if they left it in the account for Sam Baum to trade until the end of the year.

Look at his incoherent rebuttals folks; look at his threats of lawsuits to people who tell the truth about him; look at his bald-faced lies in light of the facts; look at how he refuses to deal with any of the allegations and instead blames eveything on a disgruntled member, when in fact the room is full of disgruntled members many who have taken to the Internet to help others from getting hurt. And then ask yourself if this is the type of person you can trust with your $6300 to teach you how to make money trading.

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#6 REBUTTAL Owner of company

You are pathethic

AUTHOR: Sam Baum - (U.S.A.)

POSTED: Wednesday, November 05, 2008

Look at you Kelski, or Barry Kellner as your real name is I guess you are also a rock star, you are so pathetic, would you do us all a favor and stop addressing yourself in the third body?

it is pathetic still hiding behind your name, no one could stand you in our room in fact I have so many e mails thanking me for the fact I fired you. Who wanted you to come back that is the biggest joke in the world you really think I wanted you back? Don't flattered yourself I couldn't wait to get rid of you for your behavior... you were waiting for the market to go 2 to 3 ticks in your favor to announce you were long or short,,, and you are such a bad trader,,, that you weren't even able to pull a single point with the fact you announced a trade once it was 2 to 3 tick in the money for you... and once it went against you all of a sudden you would say "I'm flat at entry" once the trade was already a point against you... what a pathetic little liar you are ... maybe thats the reason you still think we use support and resistance. I thought you were telling people in the room you use the print and the pulse to use determine entries, I guess that was also a lie...

No wonder that at the age of over 50 you still weren't able to do anything with your life because all you do is driven by revenge for the fact I fired you. FACE IT, YOU ARE FIRED!!! -- MOVE ON WITH YOUR LIFE!!! its time you do something meaningful with your life rather than go on these forums and try and bash me or any other vendor for that matter.

Get a life, you are over 50 now you tell me what kind of person spend his time on those forums to have a sole purpose - Bash people - Ok we got you - YOU WANT REVENGE - we got that... move on.

You are like a bulldog barking and biting at every direction. Trying to deceive people to satisfy a personal vendetta. My name is Sam, it's a name I've carried with me for over 10 years and every body addresses me by this name I don't change it and the fact of the matter is I didn't change it when I moved to a different endeavor,,, if I was such a snake oil like you try to portrait me I would have changed my name once I started a new endeavor but I carried it with me everybody in the industry address me by this name. Face it my name is Sam but you wold like to explore it because it's your only way to justify your vindictive behavior by trying to show that somehow I'm doing something wrong. The NFA know about this name and like I said there is nothing wrong with that.

Move on with your vindictive behavior and channel it toward more meaningful ways. Maybe, just maybe you'll be able to make something with your life and move on... you don't have much time. It's probably the best advice anyone gave you in a long time.

BTW the losses you are talking about happened a year ago I fired you 2 and a half weeks ago and all of a sudden these pathetic posts started to surface after I gave you a $2400 check. You cashed it! and exactly 2 days later started with you posts. The sad thing is we got your IP address on one of the posts and now you are in trouble. If that is not low I don't know what low is. Please don't let the word integrity come out of your mouth, you have no idea what this word means. Some employee to have... what a mistake to have ever hired you.

Sam.

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#5 Author of original report

Post script

AUTHOR: Mastapredata - (United Kingdom)

POSTED: Wednesday, November 05, 2008

In the public interest, it should be noted that Edan Aharony aka Sam Baum has been reported to the CFTC and NFA. For those of you wish to contact the regulatory authorites, please visit the CFTC and NFA websites.

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#4 Author of original report

Desperate and Deceitful

AUTHOR: Mastapredata - (United Kingdom)

POSTED: Wednesday, November 05, 2008

No, look at you.

Scam, you are the desperate one, coming here into this forum and lying through your teeth. The whole method is predicated on support and resistance, which you mislabel as price action, and all the setups except for a couple are based solely on chart patterns aka technical analysis. Even your last moderator, J. Edward said so in the room and you did not correct him. Is that why he left after a week on the job? Because he got reamed by you for telling the truth? That baloney about price action may dazzle your guests during a free trial, but those of us who are members know the truth. You can put lipstick on a pig, but it is still a pig.

Yes, Kelski was sincere and helpful to those of us who needed it. You were unaccessable most of the time and were more interested in watching soccer, talking about sports, and giving food recipes than teaching. Teaching is much more than telling people to watch poorly made videos again and again.

Many of us were truly saddened by his departure, but after we learned the facts about your effort to hide your massive losses in your fund from the members (so you could continue to make them think you were a masta trada), we understood why he chose to leave. He left because he had integrity and couldn't listen to the BS from one who had none--you. And that is the reason, he turned down your offer to come back and co-moderate after J. Edward left. He wouldn't take your money at any price.

The purpose of an owner making a rebutall is to make a convincing argument against the factual information presented by the unhappy consumers of your program. If you can't or won't provide hard facts and would rather come here try to convinvce us your a nice guy with your whining and ranting, then don't post. If you do want to show people where those of us are wrong, why not start with publishing the data you have on the Edge Traders homepage to back up the claim that you have an "80% win ratio." That is a bold claim and easy to make, so I'm sure you can provide hard evidence and proof, if it is truthful.

We're waiting, Scammy, and we have plenty of time. And stop calling yourself Sam Baum. You're name is Edan Aharony and you're not a rock star.

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#3 REBUTTAL Owner of company

Desperate

AUTHOR: Sam Baum - (U.S.A.)

POSTED: Wednesday, November 05, 2008

Look at you, you are so desperate that you are talking about yourself in the third body. Beloved? you are one of the most cynical people I've ever met. Keep up with your lies. We don't use support or resistance in our methodology. Keep misleading, only to feed up your vindictive appetite. You are sick, move on with your life already.

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#2 Author of original report

Edge Traders, A simple Support and Resistance method, Nothing Proprietary

AUTHOR: Mastapredata - (United Kingdom)

POSTED: Wednesday, November 05, 2008

There is absolutely nothing proprietary about the Edge Traders methods--they are the same as TradingZoo. Simple support and resistance based on a 15 and 60 minute chart over a 2 day timeframe. Sell the high bars, buy the low bars, head and shoulders and double bottoms. Support becomes resistance and vice versa. The same old worn out stuff that's been around for years. Again read those books and save yourself a lot of money and dissappointment.

And the sad truth is Edan is a horrible teacher. 90% of the traders who join his room end up losing money and you will too. Now that, you can take to the bank.

Even his preferred broker, Mirus dropped his website from their Education Partners list because his students were losing, not making money trading his "methods."

As far as his so-called employee is concerned, this trader was one of the most beloved and admired people in the room. Even though Sam Baum had no integrity, this trader did and he is now sorely missed. So much so, that Sam invited him back to be a co-moderator last week, but the guy had too much integrity to come back after he learned that Edge Trader's Sam Baum lost hundreds of thousands of dollars of his students hard earned money in his Magnolia Capital fund.

He keeps up this charade of being the world's greatest trader when he has a published track record through Magnolia as a lousy one. And now he invites to see his Las Vegas magic act in his room to seperate you from your $6300. If only he could make so much money trading for himself, he wouldn't need yours now would he?

Before you give Sam Baum a nickel, ask him to produce his personal trading statements for at least three months duirng which he posted those results on the Trading Zoo website. He claimed those posted results were his own real trades in a personal trading account. Then compare the two to see if they are the same. You can get those results by going to the Internet Archive Wayback Machine website. And then, ask him to give you permission to speak to Mirus to confirm those statements are authentic. If he refuses to do that, run, don't walk away.

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#1 REBUTTAL Individual responds

Lies Lies and More lies

AUTHOR: Sam Baum - (U.S.A.)

POSTED: Wednesday, November 05, 2008

The truth be told that I have fired a disgruntle employee, a washed out trader in his 50's who still lives in a rented apartment in Queens, who joined our room in 2007. He in turn came back to me with an offer that he can get people to come and sample our methods and in return he'll get 20% out of everyone who signes up, I guess he couldn't trade for a living so he wanted to find a different source of income, well as it turned out his idea of getting people to sample our course is to go to trading forums and disguise himself as a regular Joe who is "just trowing our company's name out there" to entice the curiosity of the bloggers, I didn't know about his shameful acts and when I found out I put a stop to it right away. After that he had no other way of bringing in people and the relationship became strenuous. Well 2 and a half weeks ago I put an end to our relationship with a thank you letter and a check of $2400. He cashed the check and then a day after started his sick twisted vendetta crusade after me. He is a liar and all he does is looking for ways to try and embellish my reputation. He is the one who comes out with all this posts. We have a proprietary system with proprietary set ups you can see me trade everyday live. I charge $6300 to teach a trader how to make 2 to 3 points a day given the fact I think it's cheep if you can learn to make $100,000 a year and much more. He has no integrity because even though he signed a confidential agreement he still try and go on various forums and embellish us lying about the way we teach and so forth. He is being sued by us for defamation and tortuous interference. He is a no good human being and you can see his malicious intent. Move on with your life.

Let the truth be told,
Sam.

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