Happily for those Americans of European descent (and not so happily for the indigenous population), Columbus managed to present a cogent argument to a controversial theory and get his funding.
Not so with David.
Sammy, maybe arguing with a crazy person is crazy. Then again, warning the world about not wasting money on crazy schemes is a worthy endeavor.
Then again, maybe David isn't really crazy. Maybe he is just stupid enough to think that his affectations of unknowable intelligence will bring him more clients.
I'll based my assumption that he's not just 100% crazy on some facts. Our AsstModerator send me copies of all of David's emails and asked me to do a little websurfing to find out more about him. It seems that OilTradingAcademy.com isn't his only endeavor to make money online with wild and unsupported claims. He's got a history of online businesses where he wants your money for his so-called expertise.
David Kuvelas also owns daytrading-gapping-swingtrading.com, which sells stock trading videos and signals. It looks like the unverifiable trading results he claims haven't been updated since 2006. On that website, there are also so-called trading records from a couple of other services he seems to have run, Day Traders R Us and Gapping Stocks R Us. The records displayed are for 2001 and 2004.
Just to be sure this is really the same David, I checked the Whois record for daytrading-gapping-swingtrading.com and found this:
Administrative Contact:
Kuvelas, David
David@oiltradingacademy.com
251 S. Green Valley Pkwy
Unit 4421
Henderson, Nevada 89012
It looks like it's a fairly nice, but small 1 bedroom condo. Details are here:
251 Green Valley Parkway, Unit: 4421, Henderson, Nevada 89052 | BlockShopper Las Vegas
Let's get back to David the professional stock trader. I don't see any signs of his current insanity on that site. It's just another signals and education site with a table showing claimed trading records. This in and of itself isn't a scam, but the profitability claims are so large that he should have retired long ago. Then again, it's easy to claim profits if you create the records after the fact.
Let's assume that David really was successfully making large gains in the stock market while running one or more stock signals services. That should be full time job, even for a super-genius. He couldn't possibly have some other full time job making a pile of money at the same time, right?
No, David's genius seems to have extended into yet another field. He used to own playblackjackprofessionally.com, but the website has since expired.
He didn't do blackjack in his spare time. In September of 2004, he's quoted as claiming "
I have been playing on these tables every day for 14 years professionally, I've played on thousands upon thousands of tables, I have yet to this day see anyone who had any clue whatsoever what they were doing playing blackjack."
So, while selling his hot stock tips from Day Traders R Us and Gapping Stocks R Us, he was also spending the whole day playing blackjack in casinos.
Some more Google searching for his name shows so many entertaining posts.
He claims to have an IQ of 186. So much for him being 1000 times as intelligent as anyone who trades forex. He makes the same pathetic threats to ruin others that he's made against the FPA. Just go to this page:
John Reese’s Blog Blog Archive The Biggest Myth About Building Wealth!
and search inside the page for "David Kuvelas Says"
I'll wager that if David ever did take an IQ test and got a 186, he did it as a child. Those tests tend to over-estimate IQs (and make parents happy to pay the testing fees to prove how smart their little genius children are).
David emailed the FPA and admitted that he didn't even know what an investor password was. He then claimed that read-only investor passwords didn't exist. Finally, he claimed that those wouldn't ever exist on reliable brokers. This is his excuse for never showing any real records. I think the real reason is that he's never had a live trading account anywhere.
He claims those tables on his stock trading website prove he's a successful trader. Guess I should open a stock trading website, look up some old price action, and make a table showing that I'm a better trader than David. By his logic, he'd have to then admit that I'm smarter than he is and buy my system.
David claims to be a scientist. He's admitted to never getting a degree in anything. He claims to have a superior understanding of the functioning of the universe compared to all the college professors in the world. He claims to be an expert in all of these areas:
Quantum Chaos
Quantum Consciousness
Quantum Mechanics
Quantum Theory
Neuro Science
World History
Biology
Physics
Computer Science
Atomic Particle Theory
Cosmology
Human Physiology
General and Special Theory of Relativity
Brain Sex Theory
How Time Slows Down The Further You Get From The Surface Of The Earth
Using the Mathematical Concept Of Measuring Rods And Clocks
Unlike David, I actually have taken real science classes with real professors. I'm quite sure that distance from the Earth's surface and the rate that time passes are unrelated. Relativity covers alterations in time based on velocity, not on distance from the Earth's surface. NASA has sent probes everywhere from Mercury to past the outermost planets of the solar system. None are traveling at relativistic velocities and all have their onboard clocks working in sync with their Earthbound counterparts.
David has a video here that he claims explains the scientific nature of good and evil (and shows his continued obsession with
The Matrix):
From the video, it appears that David thinks that since galaxies and planets are both round that there is some cosmic significance to this shape. He ignores the fact that most galaxies are more or less disk shaped, whereas planets are approximately spherical. This is the equivalent of finding deep significance in the fact that coins are round (disks) and balls are round (spherical). The part of the video about opposites also contains a number of misconceptions.
David's video does point out that evil seems to embrace hatred. I wholeheartedly agree with that point. The problem is the amount of pure hatred David shows both in emails the FPA forwarded to me as well as things he's posted elsewhere online. By his own definition, David is deeply evil.
Here's David having a fight with another person in comments on a CNBC finance video on YouTube:
The hatred he displays towards anyone who disagrees with him is amazing. Real scientists have rivalries and can dislike each other. They don't resort to name calling and threats (at least not in public). Instead, they publish details of experiments that others can read and verify.
It's almost March 1st in New York. If David is as smart as he says, if David knows more about computers than any college professor of computer sciences, and if David is good (not evil), then he's got only a few more hours to end the Evil Forex Computer before midnight arrives where he lives or will fail what should be a simple challenge for him.
My final take on David:
His disconnect from reality is obviously there, but he's also got a history of selling money making schemes online. His level of discourse is completely inconsistent with his claims of high intelligence. I personally believe that he does know that the systems he sells online don't really work, and thus qualifies as a scammer. He probably really believes in his supposed super-human knowledge, thinks that it will eventually give him the edge he needs, and that he just needs to keep refining his system - or needs to change it to yet another market instead of his previous attempts at casinos, stocks, forex, or oil.