Daytrading Truth

Tuesday, October 30, 2007

Diamond Rose Shears - Business Scam and Rip Off

It has come to our attention that the latest business scam is by a company called Diamond Rose Shears.


They sell you a scissor sharpening business and a brand of scissors called Musashi for $25,000! In return, you get a territory where you are able to sell this unknown poor quality scissor that is made in China. If you do not order at least 4 pairs of Musashi scissors a month, you are cut off! They in turn will sell your territory to someone else for 25k!


We have talked to many people that have bought this so called wonderful, once in a lifetime business opportunity that have lost all their money. The company will not buy back the territory so they are forced to try to sell the territory to another poor soul. If you look on Craigslists, you will probably find two or three Diamond Rose businesses for sale.


If you go to their website, you can pretty much tell the owner is nothing more then a used car salesman. He talks about how you can make a 6 figure income working from home. Come on people, if it sounds too good to be true, you know its not! My hope is that some unsuspecting poor sheep will read this blog and it will prevent them from making the same mistakes that many others have.



Another obvious rip off tatic by Diamond Rose Shears is that he has about 15 different websites all with different names. Here is just a few of the names: hairscissorspro.com, lucrativebeautybusiness.com, http://scissors-sharpening.com/, http://scissorsharpeningpro.com/. Here are the some of listings on craigslist of some poor folks trying to dump their business: http://savannah.craigslist.org/spa/423819339.html, http://hiltonhead.craigslist.org/bfs/423812272.html.

Please do your due diligence before laying out your hard earned cash. Stay away from Diamond Rose Shears!


consumer watchdog

Friday, December 31, 2004

Amway and Daytrading

Daytrading reminds me of Network Marketing also known as Multi-Level Marketing. You know, Amway, Herbalife, etc. etc.Everyone says they are making money and you believe the idea that if you work super hard, become super disciplined, you will make alot of money also. Now, I really don't know what the exact numbers are as far percentages of who is actually making a living in Network Marketing or daytrading but all I can say is that from my many years of experience in both, it appears like its less then 1%. I have gotten to known some well known chat gurus, as well as experienced daytraders that really know their stuff and they confess that they really arent able to make a living from daytrading. I am currently doing a little better then breakeven after 3 years of working this thing 10 hours a day. Now the really sad part is that if I factor in how many hours I spend a week trading, studying charts, etc etc I would be rich if I had just gotten that minimum wage job at Mcdonalds. You know its the same with network marketing, I met all these people that were so excited that they were making an extra 1k to 2k a month but if you factored in how many hours they were putting in, it was less then min wage!!Daytrading is more addicting then alcohol. Its pretty sad.

Monday, December 27, 2004

Chatroom egomaniacs

Why is it that so many traders in chatrooms post bogus trades?
You all know what I'm talking about. 12 trades, 12 winners, 24pts. And of course the range for the day has been 5pts and all of us veteran losers, know it's total bs. But of course, they continue to post it over and over again. yes, I have confirmation from research that these guys are bogus. My friends and I have taken the time to watch their posts and have caught them with fills that never occurred. Such a sad pathetic industry we are addicted to. Daytrading is the ultimate in deception.

Who is really making money??

The one thing I have found is that most traders lie in this industry. The big question is "who is really making a living daytrading?.
After 3 years of investigation, I don't believe anyone who isn't willing to show their broker report. I have found out that all the gurus that sell books, run chatrooms, etc actually don't trade or they are not making money. Is this business a total scam??