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Lifestyle Trader

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Billy Bob aka Aussie rip off Rob, the snake oil salesmen. Looks like u lose!
If what I have just read in the last posts is true then, BUYER BEWARE.
 
Trade_It said:
Billy Bob aka Aussie rip off Rob, the snake oil salesmen. Looks like u lose!
If what I have just read in the last posts is true then, BUYER BEWARE.
Click to expand...

I am happy to supply my results from paper trading using the Aussie Robber product for all forumites to view.

Also I am happy to supply the CTTT's (Consumer Trader, Tenancy Tribunal) decision on my case against Aussie Robber's representatives.

investa
 

Actually, it sounds like you're smarter than you give yourself credit for - very few buyers of black box systems would be smart enough to actually test the systems before proceeding to lose great wads of money with them.
 
MichaelD said:
Actually, it sounds like you're smarter than you give yourself credit for - very few buyers of black box systems would be smart enough to actually test the systems before proceeding to lose great wads of money with them.
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Well, I guess it's just my professional instinct to:

1. Always read the contract/agreement and understand what I am getting myself into and what my exit strategy is.

2. Always make sure the products do what the promoters say they do.

investa
 
The following post is for the purposes of transparency. A few minutes with Google and Aussie Rob's website brought this to our attention. If you're a regular ASF reader, it's worth keeping this following post in mind when reading things posted on the internet. If you're anything like billyboy, you really ought to know better.

billyboy said:
I am not selling a black box system
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Really?

I want to start of by saying billybob isn't Aussie Rob. However, billyboy is listed as a licensee for aussie rob on the website. According to the section of the website that describes the affiliate program, licensees make money from aussie rob, presumably for flogging their software.

It may also be handy to know that every AFSL holder is required to be a member of a registered External Dispute Resolution body. Most AFSL holders are registered with FICS (http://www.fics.asn.au/). FICS is a good port of call if you have a valid complaint against an AFSL holder.
 
This thread really shows the silliness of software/system spruikers trying to spam fora as "satisfied customers".

a/ It is totally transparent and an insult to the intelligence. People see through it immediately
b/ It is difficult to hide your true identity from the administrator/mods.

Mr billy van boy didn't cover his tracks very well at all and might as well have left his passport at the scene... you know, like the "terrorists" always do.

Furthermore, instead of this thread languishing in the bowels of the site's archives, Mr billy van boy has dragged his principal's business up for a further shellacking, managed to illicit some truly negative "but real" testimonials, and further damaged the business's reputation.

Well done!

 
And now when you Google "lifestyle trader" this thread shows up at number 3.

What an idiot!!

I'm going to link to this thread on my blog. I would love to see everyone else with a blog do the same we maybe able to get it at number one on the search.
 
kennas said:
Oh dear.

:bricks1:
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Tell me about it, he came in here all guns blazing defending his little commission cash cow and now were is he? Reading it all off line with a red face I guess.

I would not be surprised if you saw Billy Bob plugger at elite trader or HotCopper selling dreams. What a tosser!

TH, I like your idea of getting it to number 1, jeez I would hate to be in BillyBob pluggers shoes when Aussie Snake oil Rob found out what's going on. geezzzzzzz I can hear the cries of crikey already! crappy testimonials and a crap marketing image! :screwy:
 
Couldn't resist having another look at the thread...

I wonder if this guy knows he has probably breached s53 of the Trade Practices Act, the section that prohibits deceptive and misleading conduct?

I would say he has probably breached it by coming in here and posing as a customer of the firm, when he is actually an authorised representative of the firm. I wonder if The International Securities & Derivatives Group Pty Ltd. ABN 22 103 552 683. Australian Financial Services Licence 227544, who provide the license to Aussie Rob Lifestyle Trader, know that one of their reps is in breach of the Act? And, of course, that he is of unethical character?

I see vendors on this forum who are at least are up front about what they do and who make positive contributions. I suppose, though, when you are flogging software that, at best, may find use as a passable paper-weight, being honest is not an option.

ps. Just in case Google has any trouble indexing the thread.
Aussie Rob Lifestyle Trader, deceptive and misleading conduct, breach of section 53 Trade Practices Act, unethical conduct, misrepresentation, conduct that is deceptive or misleading or likely to be deceptive or misleading.
 

The Aussie Robber mob is promoting the product as an out of box product that any idiot can use it. As a result, a lot of the Aussie Robber software users/licensees know nothing about trading.

When I was fighting for my case against the Aussie Robber mob, their Sydney licensee said the following to the judge:

"We cannot refund the money to these people because the results of their paper trading were not recorded on paper"

As you can imagine, the judge was trying very hard to look serious while we were holding our breath trying not to burst out laughing in the court!!

So, I am not surprised at all that this billyboy dude claimed that the Aussie Robber software is not a "blackbox".
 

Well, the CTTT tribunal judge after carefully consider the evidence supplied by us and Lifestyle Trader (which they didn't have any) had come to the conclusions that:

1. Lifestyle Trader has indeed breached s53. Lifestyle Trader promotes the product as a product that improves your lifestyle and yet their purchasers are required to "sit in front of the computer all day long to trade every single signal generated for every instrument" - this is misleading and deceptive.

2. The product is not fit for purpose.

investa
 

If it's just simply a supply and demand indicator, then why can't you just create your own charts (chart number of bids and asks on the EOD data)? Why do you need to spend $4000 to buy something you can do by yourself?

billyboy said:
The selling point to me was the option scanner. I used to trade bull put spreads using the AD strategy over the Aussie market. Never again though. I now do bull put and bear call spreads over the US market.
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Well, not only the FX and Commodities were not making money for me on paper, I didn't have much luck with the options scanner either. It was promoted as a fire and forget system but I found out that I had to manipulate the trades quite a fair bit. Even though my win/lose ratio averaged out to be 85%, overall I still lost money in options during my 90 days paper trading.


Trading system? What trading system?


investa
 
Aussie Rob asks of all Lifestyle Traders that we give something back:-
Well I am giving it back now for you Mr Robert Wilson. To the moderator I have read the ASIC notice and yes this is a true account the things that I am not sure about are preceded by the words "probably" .

In Response to Other Previous Posts I have no idea what a "Black Box" trading system is but this was found on the ASIC site and yes I think his package is definitely a black box (it is only a modified MS Access database-but this has his "secret recipe of algorithms" that are a leading indicator of prices)
From the ASIC site - PLEASE CHECK IT IF YOU ALSO KNOW NOTHING
http://http://www.asic.gov.au/fido/fido.nsf/byheadline/buying+and+selling+shares+using+computer+programs?opendocument

Other programs are called 'black boxes' because they do not tell you how they work out their advice. If you rely on these programs, you put complete faith and trust in the skill and reliability of the programmers. If their reasoning is wrong or if their program is unreliable, you won't know and you will have no control. You will also not be able to properly assess the level of risk in the program, and whether it matches your own risk tolerance.

It should be remembered that I like most probably 95% of the people who have purchased this package have no knowledge of trading at all, they are most probably computer illiterate also. The catch is that he tells you - you dont need to know anything as his crosses tell you all you need to know. Then to make you feel that you are getting something for the huge amount of money that you are required to hand over, a "Home Study Course" is included. This for us consisted of a few documents from the "Exclusive Members Area" of the website that we had to view online or download, these now have been updated and consist of some dodgy selections of the computer labs on DVD's and a few spiral bound notes that are very scanty in content that he sends out - the course is still incomplete with empty containers.

The included DVD's are snapshots of the Computer Lab that you too can attend for around $1,ooo a day!!!! If i knew how to post on you tube or something similair I would love to give out some free advertising for him.

We have never been told anything about risk management or how to formulate a trading plan - you need to fund your trading account with them before you even get a chance of being one of the first 20 people per month to join in with the brokers lessons. Do you think I gave them any more money after already being shown how reliable they were when I may never get the help as they could always say sorry you were not one of the first 20 for this month???? We signed up with another crowd that have been promoted at their Perth Traders Club that uses the sonnray platform and their website has much more information on it than what supplied by this dude. Interestingly the charts when showing price in the top panel and MACD in the bottom panel with axis adjustments to match his time frames are usually very close to what we receive in our exclusive download for $129 a month. We have drawn our conclusions from this that yes it is just a moving average.

He then confuses the issue by telling everyone that the US is a day behind us and we can get in on their market before them because they are sleeping while we are awake!!!-Dont be confused by this they are also awake and trading while we are sleeping and unless you can time travel you can never take advantage of different time zones. A great marketing man is our Rob I wont dignify this with adding the Aussie tag as I am an Aussie he is a con man.

Thats it Saturday morning has begun I have finished the weeks work as a cleaner which I had to take up to make up the money we lost using his stupid system.
 
Hmmm - wonder if this is the same Aussie Rob from the Optionetics forum. Not sure if he still posts there now, but when disgruntled students would post their frustrations, you could almost bet your bottom dollar that Aussie Rob would be posting a reply to sing their praises. Never seemed to post much else except in the joke thread

Whether the Aussie Rob mentioned in this thread is hooked up with the apparent Hubb/Optionetics/SITM conglomeration or not, in my experience, he appears to share the same slick marketing necessary to flog overpriced products.

They all make you "feel" you cannot succeed without their course or their "secrets".

He may not be the same Aussie Rob - but it raises the question in my mind and the name still irks me . IMO, Nothing Aussie about either Rob.

So sorry to read of those who have lost money - hopefully by sharing your experiences will spare others the same grief. There is such a wealth of info here at ASF...
 
Just received my Mar/Apr copy of "Your Trading Edge" and guess who's cd is on the cover?
 
Thought I would bump this thread up just so it didn't get lost.

For all the Idiot spammers out there thinking of trying this trick consider this.

Since posting a link to this thread on my blog and a little spiel I have been getting AT LEAST 2 hits a day from Google search with "Aussie Rob" in the search. A very popular Google search is "aussie rob lifestyle trader scam". The record hits from Google so far being 15 one day. Also had a lot of hits about three weeks ago from New Zealand Google. Them must of being doing a sales pitch there. Anyway brilliant work Mr Spamster.
 
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