Report: #458610

Complaint Review: Mark Deaton - Renegade Trader

  • Submitted: Thu, June 04, 2009
  • Updated: Tue, November 15, 2011
  • Reported By: Houston Texas
  • Mark Deaton - Renegade Trader

    Twin Falls, Idaho

Show customers why they should trust your business over your competitors...

I ordered Bollinger Bands Matrix from him. Within hours of the order, he wouldn't answer the phone and his web site went blank. He did, however charge my card.

After three days, his voice mail box was full and no other method of finding him worked.

Houston, Texas

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This report was posted on Ripoff Report on 06/04/2009 01:16 PM and is a permanent record located here: 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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#1 Consumer Comment

Tips for Trading Behavior

AUTHOR: Nial - (Romania)

Being a successful trader isn’t easy. In addition to sickening discipline, patience and passion, it requires the kinds of habits that most people simply don’t possess. Whilst every pro trader is different, we all have a lot in common, because there are certain behaviours that all successful traders must have to make consistent money in the market. This is by no means an all-inclusive list, but the following six behaviours or traits, are shared by all ‘unstoppable’ traders and you’ll need to adopt them if you want to become a successful trader yourself… All kinds of thoughts and feelings can consume you after a trade finishes. You may feel discouraged, distraught, even desperate after a losing trade, conversely, you might feel cocky, super-intelligent, or feel like you’re ‘on top of the world’ after a winning trade. If there is one roadblock to trading success that you need to get past in order to become an unstoppable trader, it is being affected by the outcome of any one trade and reacting emotionally because of it. Professional traders treat each trade as simply another execution of their trading edge, with little to no emotional attachment to its outcome.

This is easily accomplished by remembering the following facts:

Trading success is not the result of one trade, but is determined over a large series of trades. You must be disciplined enough to execute your trading strategy without emotional reactions over a large enough sample size / series of trades to see it play out in your favour.

Maintaining your risk per trade at or below a dollar amount that you have pre-decided you’re OK with potentially losing on any one trade, will prime you to not be disappointed or feel other negative emotions when you have a losing trade. It will also keep your emotions in-check after a winning trade. Control your risk via position sizing so that you don’t suffer huge losses or have huge ego-expanding wins, as both of these things can lead to emotional trading mistakes. Confidence is critical to become a successful trader. You have to believe in yourself, in your trading strategy and in your ability to follow it and remain disciplined. Confidence means you behave in-line with the realization that if you stay true to your trading method and stay disciplined, over a large enough sample size of trades you will come out profitable. Confidence means that when you hit multiple losers in a row, as happens to even the best traders, you don’t second-guess yourself or your trading method, but you stick to the plan and keep executing. As I stated above, you cannot become overly-affected by the outcome of any one trade, this means you have to be confident and ignore the impulses to over-trade or load up on risk. You have to be confident that you have the ability to be a ‘badass trader’ who can outlast all the weak people who give in to their emotions and blow out their accounts. If you don’t believe this in your heart, you will give in as well, and fall prey to your own shortcomings. Confidence also means you know what you’re trading strategy is and what you’re looking for in the market. You know when a high-quality trade setup worth risking your money on is present.

You can only gain this confidence by learning how to trade properly and getting a solid trading education like the one I offer in my price action trading course. Once you learn how to read and trade the price action, you will be off and running. I can provide the ‘training wheels’ and when you’re ready, you can take them off and trade on your own. Only true understanding of price action and market dynamics will make you a confident trader. Confidence does mean feeling invincible or like you’re the ‘best trader in the world’. All traders have losses, and the best traders know it and plan for it, even in the midst of a winning streak. They do not become arrogant, but they remain at a steady even-keeled mental state with a happy balance of confidence and respect for the inherent semi-randomness in the market. Knowing when not to trade is just as important as knowing when you should trade, they are functions of each other. Successful traders know that they will be out of the market more than they are in it, and they are fine with that. They have mastered the art of patience and have come to realize that patience is profitable.

You do not make money by always being in the market, exposing yourself to risk of loss. You make money by taking carefully planned and timed risks that have a good risk reward and a high probability of working in your favour. This doesn’t mean every trade will work out, as even the best looking setups can and will fail sometimes. It means that as a trader, you are playing a game of probabilities, and to put the probabilities in your favour, you shouldn’t always be in the market, because if you are, you’re just gambling. If you know anything about gambling at the casino, the probabilities are not in your favour, unless you have an edge (like card counting in Black Jack). Trading is no different, if you don’t use your trading edge (price action) properly, you will be trading with the odds against you, not in your favour. In order to trade with the odds in your favour, you have to wait patiently for obvious trade setups to come along, and as they don’t come along every day, you will be out of the market, doing nothing, or something else (hobbies, day job, etc.) more than you’re in the market. Unstoppable traders don’t mind doing nothing for days or even weeks, waiting for that next good setup to take a stab at. Sleep is important for everything, trading included. Sleep gives your brain and body the rest they need to be in the best possible condition to trade successfully.

Also, if you’re trading properly, i.e., not risking too much, not over-trading, following your trading plan with discipline, you will have no problem going to sleep with a live trade on and not worrying about it. If you stay up all night worrying and looking at your trades, you’re going to lose valuable sleep and you’ll increase your chances of making a stupid trading mistake both as a result of over-thinking the trade and being tired. Go to bed and get some rest, the market will be there tomorrow, let the market do the ‘work’ while you relax; be a ‘lazy trader’. Unstoppable traders are trading ‘nerds’. They love talking about the charts and about various markets with other traders (my trader’s discussion forum is great for this). But, and this is a big BUT, they are not addicted to trading. These are two different things… Loving trading means, you love trading properly. Meaning, you love the discipline, the patience, the observation of charts while waiting for a trade if there’s no obvious one to take. There’s nothing wrong with watching the markets and observing the price action as long as you don’t let it influence you to take what I call a ‘stupid trade‘. The best traders love trading, but they don’t let this love become tangled up with being addicted to being in the market, because they know that trading success is the result of discipline and patience, and trading success is what they want. Any seasoned trader will tell you that trading is the ultimate test of one’s ability to control themselves. If you decide to take the journey of a trader, you are going to learn not only about the market and price action, but also a lot about yourself.

Traders are by nature thinkers and are usually somewhat solitary people, but they must also become masters of self-control and logical / objective thinking, which is very hard for most people to achieve with their hard-earned money on the line. So, to become an unstoppable trader, you have to know yourself and you have to master yourself in addition to your trading strategy. You will never stop learning about yourself or about the market, as long as you trade. But, you have to start somewhere and you have to build a solid foundation under you to get started properly. If you’re committed, you might consider taking my trading course and learn how I trade and what has worked for me over the years… doing so will set you off on your trading journey with the proper tools and knowledge you need to develop into the best trader and version of yourself that you can be.

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#2 Consumer Comment

Mark offers great value to Traders

AUTHOR: Andrew - ()

I'm a recent Customer of Mark Deaton's (Renegade Trader).  I have just bought a second Product offered (after receiving a link to not one, but two free information packed Videos); I was very impressed with the first Product (and Mark is still adding further content to it).  Mark delivers more than he promises (really unusual with all the Marketing hype these days).

Mark does respond to emails requesting help, and seems genuinely willing to assist aspiring Traders with his obvious expertise.  Even experienced Traders will likely learn new techniques.  The materials are high quality in my humble opinion.

The One Man Hedge Fund I first bought mainly consists of hour plus long Live Webinars, filled with excellent content.  These were high quality rendered and available for download in the Members Area.  Mark has followed up most Webinars with one or more further Video Recordings, answering questions raised during, and subsequent to the Webinars.  Quite a good Teacher.

I've bought many Trading Systems, and none have come up to the standard of Mark's material for anything like the modest price he charges.


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#3 Consumer Comment

Mark Deaton NO SCAMER

AUTHOR: Jim - (U.S.A.)

I have been dealing with Mark Deaton for over 3 years.. EVERYTHING he said worked and when it didn't I called and he helped me out on the spot, it usually was my not understanding the material.. His material is on the money and he even throws in free bees at times.. The webinars are free, highly educational and you can contact him through his home telephone number if you ever have a problem .. He does return your calls.. Mark has proven his word to be as good as gold.. Study his techniques and you will make money....He is NO SCAM ARTIST!!!!

Jim LoScalzo
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#4 Consumer Comment

Very easy man to deal with.

AUTHOR: Ben P. Ireland - (Ireland)

"No other method of finding him worked" hmmmm  He's all over the internet, you tube as well. You obviously didn't try very hard or didn't want to find him. You probably lost a load of money trading with an attitude like that and are happy to blame everybody but yourself !! I live and work in Ireland, I am now a full time trader and people posting lame comments like "Jim" really annoy me. I have in the past, used and paid for  Mark Deatons services and advice. I only had a problem down loading software on 1 occasion. The problem was rectified the next day and I received an email apologising and giving me updated instructions. Download was then successfully completed. Every time I have sent him an email it has been replied too, which is more than I can say for larger institutions, banks or my ex-broker (TOS).

 If you have been directed to this site because you are considering buying something from Mark and did a search before you bought thats wise. All I can say is I would be happy, as a customer, to recommend Marks services to anybody, honest, sensible advice at a fair price.
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#5 Consumer Comment

I don't believe Mark Deaton is ripping people off!

AUTHOR: Robert - (United States of America)

I have been ordering from and studying materials authored by Mark Deaton for three years. I have never known him to be anything but VERY honest, helpful and knowledgeable.
Robert in Houston, Texas

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#6 REBUTTAL Individual responds

Dissapeared ? Vanished ? What are you talking about???

AUTHOR: Mark - (U.S.A.)

People amaze me!! YES it's true I don't usually answer my phone because it rings all day long. But I do answer emails, I do refunds when requested, and my BB Matrix system was a download and links were sent to everyone.

If you would put your last name in this report Jim I would refund you now and remnove you from my list PERMANANTLY but I have 500 Jims on my list so I cant help you.

Why dont you send me an email ???

HELLO !!!!

PS - Id like to add that Jim posted this just hours after purchase, even if I replied in a timely manner (which I didn't because I never heard from him.) he got the complaint up before I could even help him.
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