dmitry M.
Pure liars, absolute nonsense strategies
I accidently removed my review about these liars which I posted a few days ago. I suggest people who are still considering "trading for a living" read this and make the right decision. I first started reading about trading in 2016, in 2017 I bought this 2ndskies course. After not being happy how my questions were dealt with on their forum by these liars, I stopped asking questions but continued watching the videos. The so called strategies did not work, I lost money. But most importantly I lost my mental health and wife partially because of all this. Anyway, read on please. After realizing that 2ndskies strategies are not real, I started to dig real deep and ended up investigating the markets for a few more years. And I arrived at a certain conclusion (backed up by trading experts I met by chance, and by the way they don't sell any courses). The conclusion is - you can make money trading, but you cannot do it for a living. The reason is - market conditions can change for very long periods of time and a winning strategy can become a break even strategy for more than a year (that is without taking into account transaction costs). That is NOT trading for a living. Where are you gonna get the money to live on while your strategy is not working for such a long period of time? And there is no way to predict when the market conditions change in your favour again. I backtested a breakout strategy on multiple currency pairs obtaining many hundreds of samples over many years. That strategy was a winning one before the so called "volatility crunch" kicked in around 2014. After it kicked in, the strategy stopped working. After the volatility crunch was over and the market conditions were back in a trader's favour, the strategy started working again. That backtest covered only several years. If you want to trade for the rest of your life, you could potentially have a 3 year period of time where you are not making any money (even with day trading). Now, you may wonder, what does all these have to do with 2ndskies? Well, firstly, their strategies don't work at all. Secondly, it is Chris Capre who has always been an advocate of "trading for a living". Nial Fuller and that singaporian guy Rayner for example (whose strategies also do not work by the way) at least openly tell you that you do not trade for a living, that there is no such thing. Chris and his crew on the other hand have always been backing the non-existent concept of "trading for a living". There are many other reasons I could list why you should not trust these liars, no matter how legit they look. They mention things such as "you can skip the backtesting part" (quote by Sasha Gogolin, one of Chris's boys). Really??? Skip the backtesting and just trust you bros?! No, thank you, i will pass on that advice. Guys, do yourself a favour, do not trust them and do not get involved. Yes, you can make money trading, but you cannot trade for a living, you will need to keep your job/business. I hope Chris and his crew answer for their sins. I know its been a long time, but all the worst to you. Thanks for ruining my life, it was partially my fault, i should have listened to my inner voice, but you are partially responsible for sure. One addition: I know that eventually this review will be replied to, liars like these are well trained to write responses and use all kind of tricks to make you look wrong. But i will not be getting involved in that conversation, I am above that (chatting with a liar).
Response from 2nd Skies TradingSep 19, 2023
Hello Dmitry, I apologize for the late response. You’ve changed it so many times, I’m having a hard time keeping up. Be that as it may, I have a few comments I’d like to add to your review. RE: Winning strategy can become a break-even strategy We agree, which is why we teach more than strategies, but skills that allow you to adapt to changing market conditions. This is why we focus so heavily on these skills because environments change, but order flow patterns repeat themselves, and if you can read them, you can adjust. Just like in basketball – while the game may evolve, the core skills of passing, dribbling, footwork, etc. will always be necessary to adapt. We teach the same approach here. RE: Trading for a living part It seems you really didn’t listen carefully to our teachings, because we don’t advocate for trying to trade for a living right off the bat. What do we tell you in the course? Have a separate income while you learn to trade. Only after you’ve demonstrated you can profit on demo, should you try live acct trading. And only after you’ve established a solid track record building an income well above your current salary should you consider ‘trading for a living’. Thus, your portrayal here is completely inaccurate. RE: Skipping Back testing It seems you misunderstood what we were saying here. Back testing only tells you if something worked in the past, but does not tell you if it works now, or in real time. That is why we suggest trading real markets in demo to establish that your strategy and skills work in this market today, not in markets of the past. Your own statements in the review about the ‘volatility crush’ affecting strategies confirms not all strategies last. As we said in the course “strategies come and go, but skills never die.” So you seem to have misunderstood our comments here. RE: Wishing the ‘worst’ to us… As someone who has suffered a lot in life, I never wish that upon anyone else. I cannot see why you’d wish suffering upon others - wishing such a harmful thing to others only brings more upon yourself. There is no grace nor positive outcome that can be accomplished from wishing suffering or the ‘worst’ to others. As a side note, we'd like to note the number of disturbing emails we've received from you since you posted this review. You wished that "you and your kids burn alive or die in some other horrible way" and "wish you all the most horrible suffering deaths". You followed that up with another email with the following "clarification" - "I hope you don't burn alive. I hope someone who has nothing to lose and purchases your course and realizes how BS you and your entire crew are sets you on fire. I wish you specifically that, because if someone just shot you, that would be nothing, you would go without suffering". While we understand that we can't please everyone, wishing this much harm on others is beyond reprehensible. We have saved all emails from you as proof that you've communicated those things. With that being said, I hope the obstacles to your suffering are cleared and that more positive karma is with you from today forward. Kind Regards, Chris Capre & the 2ndSkies team