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Report: #1277718

Complaint Review: Blue Wave Trading - Hawaii

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  • Reported By: Transparency — USA
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  • Blue Wave Trading Hawaii USA

Blue Wave Trading Randy Sorrow Be Careful with Blue Wave Trading. Don't Believe YouTube Videos & Testimonals Hawaii

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Blue Wave Trading: Randy Sorrow.  Be careful.  Youtube Videos are NOT transparent and likely dishonest at best--or at least deceptive.  Should always be a warning and I fell for this.  Deception, fancy testomonials, and sales tactics are not what you need when picking an auto-trader.  That shoudl have been my first clue, the testomonials.  Second, should have known better to watch every youtube video to know that after purchasing and learning more about Ninjatrader, that he isn't showing everything (which is suprisingly states he thinks he is doing us all a great service and verfiying his trades).  The problem is that the charts constantly change--and the Ninjatrader strategy control center is often not shown, or 'selectively' shown.  Service is horrible and no follow-up.  You could lose alot of your money using his auto-traders.  Be Careful.  You will not likely duplicate, or be able to reproduce what he is showing on his Youtube Videos.  He is deceptive at best.  I agree completly with another review--nailed it completly on the review, I agree not likely a Scam, but darn near it.


My major reason for writing this review and the bitterness and resentment I have is, (and potentially a major Ripoff for the average consumer) are his deceptive Youtube videos.  Hindsight and knowing how much his youtube videos have changed irritate me everytime I watch them.  Never, ever:  have I ever been contacted by BWT with new chart settings, follow-up--something informally promised.  "we share all this with you".  I was under the impression you could log into his website and view settings/paramaters/education and get exactly what BWT suggests, or has worked on.  For all the money you spend--I thought I would receive the benefits of all BWT trading experience and research to try what they trade themselves, etc.  He cherry picks the best days and attempts to lure customers to him with his Youtube Videos.  The chart settings and parameters he shows constantly change.  I should have known better.   Anyone could run auto-trading templates on multiple Ninjatrader platforms and deceptively portray them.  He will show some days with huge gains--and interestingly, his daily updates are missing charts/settings from prior days, weeks back.  They are sales videos.  The deception is that Randy makes is sound like you will have a trading program to follow.  He does provide initial templates and 'coaching'-useless after a few weeks and months.  This is where you can start losing bigtime with no support.  He has moved on to something else and will not share all the updates--how could he?  Impossible.   You will soon observe that his Youtube charts, parameters change.  The same trading strategies are not showing continously.  He is 'always' working on something new. He never shares these with you as a member of BWT--as he somewhat claims.  "everything is shared"--no, they are not sharing anything.  If you ask, poor response times, and a lack of follow-up.  Almost as though you are annoying him and bothering.  "I share it all in the Youtube Daily Updates".  As a member:  his updates are worthless.  

 

Stay away from his alert services.  I signed up for alert services as well and no response at all for like 4-5 days after Blue Wave Trading took money from paypal.  This was returned through a dispute with Paypal--but, seriously, after receipt no contact or anything related.   I asked for a performance report and it took like 2-3 days to get some sort of historical trades and something resembling a perfomance report to at least make an educated decision on this.

 

I have used 4-5 different autotrading programs.  I think his indicators and auto-trader could be used effectively--but be forwarned--Randy will not be around to help you long-term to find a trading strategy that will be effective.  There will be significant days with major losing and drawdowns if you aren't careful.  He only responds with concerns that you should set your profit loss as being lower.  However, long-term, he will not share or demonstrate that using the autotrader with his settings produces any sort of longitudinal profit.  

 

I was under the understanding that Randy and BWT would be trading the autotrader routinely.  That there is log-in area for members where you can view updates and suggested trading settings.  None of this is available.  You will be left to your own to figure this out.  I will tell you, there are a few auto-traders that do provide settings, better transparency.  

This report was posted on Ripoff Report on 01/03/2016 04:31 PM and is a permanent record located here: https://www.ripoffreport.com/reports/blue-wave-trading/hawaii/blue-wave-trading-randy-sorrow-be-careful-with-blue-wave-trading-dont-believe-youtube-1277718. 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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