Vendors providing P&L PROOF!? | Trading Reviews and Vendors


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Vendors providing P&L PROOF!?

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EastCoastTrader View Post
Unless they post their account number or statement straight out of broker instead of typing numbers in excel? I had spent $$$$$ in trade room fees and buying indicators and system only to find later that virtually all of them are available at bmt; some of the indicators I paid for were actually straight out of bmt with name changes.

No. It is not enough to even post statements, or even to talk to a broker directly with permission from a vendor.

All of it can be easily faked and does not show the whole picture of someones trading. Probably the only true way to know would be to look at their tax returns, but of course it is still possible they will lie to the government.

Google for Larry Williams and NFA CFTC fines, you'll see an example scenario where he was accused of telling students he was profitable, but he maintained two separate accounts -- one was, one was not. I am just paraphrasing, you should do the search to find the exact results and details.

Mike

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