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Is Mike Verifiably Profitable?
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Is Mike Verifiably Profitable?

  #51 (permalink)
Elite Member
Bala, PA, USA
 
Futures Experience: Intermediate
Platform: NinjaTrader
Broker/Data: Mirus, IB
Favorite Futures: SPY, Oil, Euro
 
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truman2 View Post
Thank you for caring enough to reply, all. It's not about the $50 at all. It's about my time. There are probably thousands of good and great trading ideas at this forum and elsewhere. I could spend 1,000 hours in 2013 reading posts and watching webinars here hoping that something will advance my trading education. How to make the best use of our time - to try things out for a while and see if it feels good? It's a better use of my time to ask someone who knows (Mike) to show me some proof that what is being presented (at least by them) is factual. There's no harm in asking for facts in the trading services industry. More of us should insist on knowing facts about our teachers / mentors before investing our most precious commodity: time.

When did Mike become your teacher/mentor? This is a dangerous frame of mind for newbies, it is almost idol worship. The person with the most prominent status by default is the subject matter expert. Mike's opinions doesn't matter more then any others on this site. He could be the worst trader that ever lived, he could be the best. Regardless, that doesn't change the rest of the content on the site.

Mike could give you his trading method on a silver platter, which made him a gazillion dollars last year, it's very likely that very same method will deplete your account. The thing that makes Mike profitable or un-profitable is Mike. The thing that will make you profitable or un-profitable is you. So, verifying Mike's profitability is pretty much an exercise in futility.

What you should be doing is analyzing Mike's trading approach, and the other 1000 other approaches here, and determine what fits your personality, makes sense to you, resonates with you, and fits your psychology, regardless if the originator of the idea is profitable with it or not. When you find that approach, it will make you your gazillion, but not necessarily the next guy reading this thread.

For most of us, there are no shortcuts, you are going to have to go through those 1000 great trading ideas, and put in the 1000's or hours of screen time to hopefully reach the goal, and even then there are no guarantees. Hopefully, you'll get lucky and find your niche on trading idea number 3.


Last edited by monpere; November 21st, 2012 at 01:54 PM.
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  #52 (permalink)
Trading for Fun
Boise Idaho/US
 
Futures Experience: Beginner
Platform: NinjaTrader
Favorite Futures: Guitar
 
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It's like my Pappy used to say...

Don't feed the trolls.

 
  #53 (permalink)
Elite Member
cali, colombia
 
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BlackSwan04 View Post
Don't feed the trolls.

+2

 
  #54 (permalink)
Elite Member
Colorado, US
 
Futures Experience: Advanced
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monpere View Post
When did Mike become your teacher/mentor? This is a dangerous frame of mind for newbies, it is almost idol worship. The person with the most prominent status by default is the subject matter expert. Mike's opinions doesn't matter more then any others on this site. He could be the worst trader that ever lived, he could be the best. Regardless, that doesn't change the rest of the content on the site.

Mike could give you his trading method on a silver platter, which made him a gazillion dollars last year, it's very likely that very same method will deplete your account. The thing that makes Mike profitable or un-profitable is Mike. The thing that will make you profitable or un-profitable is you. So, verifying Mike's profitability is pretty much an exercise in futility.

What you should be doing is analyzing Mike's trading approach, and the other 1000 other approaches here, and determine what fits your personality, makes sense to you, resonates with you, and fits your psychology, regardless if the originator of the idea is profitable with it or not. When you find that approach, it will make you your gazillion, but not necessarily the next guy reading this thread.

For most of us, there are no shortcuts, you are going to have to go through those 1000 great trading ideas, and put in the 1000's or hours of screen time to hopefully reach the goal, and even then there are no guarantees. Hopefully, you'll get lucky and find your niche on trading idea number 3.

Very well said.


truman2 View Post
Thank you for caring enough to reply, all. It's not about the $50 at all. It's about my time. There are probably thousands of good and great trading ideas at this forum and elsewhere. I could spend 1,000 hours in 2013 reading posts and watching webinars here hoping that something will advance my trading education. How to make the best use of our time - to try things out for a while and see if it feels good? It's a better use of my time to ask someone who knows (Mike) to show me some proof that what is being presented (at least by them) is factual. There's no harm in asking for facts in the trading services industry. More of us should insist on knowing facts about our teachers / mentors before investing our most precious commodity: time.

truman2, you are very correct in that when we're considering plopping down a considerable amount of cash for instruction we should be more inquisitive; nothing wrong with that. It's just that this isn't one of those situations.

My concern is that you'll see everyone rushing to defend Mike and miss what's really important here and that is, that this is a great group of guys who are here to help whoever needs help. The advice, the programming and sometimes more importantly the ears are free. Nobody is saying you have to do this or that they're just offering up their conversation, time, effort and experience to hopefully help someone. And, you will most certainly learn something of value if you allow yourself to.

I encourage you to just jump in and start asking questions. Throw up a journal and let others offer what they will. You won't regret it. Eventually you will see the value and maybe become an Elite member. If not that's OK too, nobody is going to treat you any different.

Again, best of luck.

Michael

 
  #55 (permalink)
Elite Member
denver, colorado
 
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Surly's Avatar
 
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losing the plot

@truman2 - I think the biggest problem with your question is that it is premised on the idea that you are going to learn to be profitable at trading by following someone or by reading posts on futures.io (formerly BMT). Certainly a true mentorship scenario is one of the best ways to learn trading but that is NOT because of the methodology being taught - not at all. The reason mentorship is so effective is that it forces accountability, adherence to discipline and risk management, and regular, systematic review of trading decisions. You may learn the importance of these things on futures.io (formerly BMT) - but you will not learn these things here, you can only teach yourself these things on your own because they are not facts, they are verbs.

The idea that you are learning something here on futures.io (formerly BMT) that will make you a profitable trader is false - you may learn directions to becoming a profitable trader, but, like it or not, you will need to walk that road by yourself. Big Mike, or anyone else save a true mentor (i.e., one standing over you day after day and forcing you to adhere to the points above), will no more be able to help you become a profitable trader than a road map will pick your car up and move it from california to las vegas.

This idea that some guru will come down from the internet clouds and show you the way is simply misguided - the quicker you learn that fact, the quicker you are on your way down the difficult road of becoming a consistently profitable trader.

Seek freedom and become captive of your desires. Seek discipline and find your liberty. - Frank Herbert
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  #56 (permalink)
Elite Member
Philadelphia
 
Futures Experience: None
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well the webinars are worth the 50 dollars alone. Mike could probably charge a few dollars for each. The indicators are definitely worth the 50.

Besides, There are other profitable traders with journals on here.

I'd suggest to open some threads of your own interest and get some good feedback. Make your decision after a few months. No one is forcing you.

 
  #57 (permalink)
Elite Member
london/england
 
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For the sake of $50 who cares if @Big Mike makes money from trading

I have spent over £15,000 in educators and mentors since i started trading 5 years ago

I wish i had found this community before i had wasted a lot of time with people who will not be named and shamed

If your dedicated you will find everything you need to be successful on this forum

Mike i believe has been trading for over 15 years

i image he would have gave up by now

or gone broke from dog food and vet bills

+ last i head he is retiring and moving to paradise

.....what are you mike mid 30`s


@truman2 ................ Why are you questioning the info available on this site if you’re already an advanced trader?

" I will follow my rules, I will take my stops, I will be disciplined and i will work with the market....NOT AGAINST IT! Professional mind control is the key"
 
  #58 (permalink)
Elite Member
Dartmouth NS
 
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Sometimes takes the absurdity of a question like this to cause us to evaluate our assumptions so it wasn't wasted. But holy cow, what a dumb question.

Done evaluating, back to trading.

 
  #59 (permalink)
Elite Member
Singapore
 
Futures Experience: Intermediate
Platform: NinjaTrader
Favorite Futures: ES
 
Posts: 3 since Apr 2012
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it is not a dump question, it is question to test how much futures.io (formerly BMT) is useful?
And the answer is clear, next user will not ask it any more.
the info in futures.io (formerly BMT) may not help me to be profitable, but it is more than enough to prevent me from trading real money hence not losing money...it is worth much more that 50 buck IMO.

 
  #60 (permalink)
Elite Member
Los Angeles, California Republic
 
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Platform: Sierra Chart
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Fat Tails View Post

I am a member of Elite Trader, Trade2Win, Trader's Laboratory and Big Mike's. Out of the time which I dedicate to these four networks, over 95% goes to Big Mike's. Why? Because it corresponds to my needs as a trader. My questions were answered here...


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