bummer...It showed some promise. After reading through the facts shared, it is clear that the intent is there to charge in the future. I was hoping for a real-time chat community to share potential opportunities in different instruments and make trading more socially interactive.
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I gotta vouch for Alex. I found the room very useful.
I attended every conference and he never said anything about other sites, charges, or the like.
Had nothing but good things to say about FIO and Elite membership.
It was great being in a room with other experienced traders. If anyone else has a trade room, invite me <3 Not looking to shadowtrade, just want to see how a professional trades. pst Issac hit me up <3
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I’ve been running a beta room for a small group of traders since May and will launch my regular room with a 2-day free test drive next Monday and Tuesday 10th – 11th.
Here is how I operate:
I trade ES – most liquid true market.
All entries are via Market order to minimize discrepancies between my calls and others in the room.
A market context approach is used in determining entries/exits.
I trade using a mental stop – not a physical one.
Targets are determined as the trade develops.
I am not an indicator hustler – no gimmicky Ninja indicators for sale.
In fact I use Sierra Charts – much better product than Ninja.
Cost of my room is cheap – $427 for an entire year.
Room is open 5 mornings each week from 8:00am – 10:30 cst.
I trade to earn money – not to get rich.
I welcome all the doubters/haters (well founded of course) to come and give me a look.
I’ve been in touch with Emmett as I will gladly allow The Robot to run in my room to verify my results.
Thanks for your time and I hope you give me a look before you flame away 🙂
I think Alex was less than honest with the FIO group. In another post he said he used Zobell for marketability reasons.
Using Zobell for a last name does not increase his marketablility imho. Rather it reeks of him trying to hide something that his previous name was associated with. Maybe past room affiliations?
Secondly he was looking for sheep to cull $427 from. The free room was just a teaser imho before as Mike said the switch was tripped to make it a pay room.
To build a website is not free. Sane business people aren't gonna spend $200 just for the experience of building a website unless it generates revenue to offset the expense.
And judging by the pics on his twitter account - many of which contain pics of stacks of money, money meant a great deal to Alex.
Alex at no time laid out his plans to his fellow FIO members as to where the free room was going to lead. Rather he came across as a nice guy persona willing to pay $50? a month for a chat room to encourage greater participation among traders so perhaps he might learn a thing or two as well. At least that's what i got from a comment or two he made.
That and his failure to mention his real name are what i call lies of omission. We were lied to and he was grooming some of the FIO members here for a $427 charge.
Thanks to Mike and others some people have saved $427 and quite possibly their entire trading account.
I am not even gonna discuss his lack of experience and the luck factor.
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yes agree, there was a lot of talk about asymmetrical returns yet i think his strategy was to preserve capital - whether it be demo or live, so that he could prolong the marketing and snare as many people as possible.
I am with you @bobwest, but at same time its pretty hard to measure everyones value on a forum especially when some very good traders want to share their knowledge but not their pnl nor live entries (for various reasons). Yet they have an awful lot to give.
This guy sums it up pretty well in 2 posts (from one of Mikes links):
Alex – I just looked at your site. You say you are an 18 year old college freshman (I apologise – 18 years and 4 months) with 2 years experience of trading.
Is this some kind of joke?
With 2 years, your experience extends to a little over one quarter of the current bull market.
Having hired a bunch of analysts over the years, had I received it, your CV would immediately have gone into the trash, not through unkindness but simply as you aren’t experienced enough to be able to be trained in professional trading, let alone be ‘available to help members grow in their trading careers’. (direct quote from your site).
Laughable and laughably naive.
I wasn’t trying to be unjustifiably harsh. If this room was set up as ‘join me in my journey as I gain more experience trading and maybe we can learn from each other’ then I would be the first to say all power to you and I wish you the best. The problem I have is that this isn’t how the room is set up – Alex has clearly set it up as a profit making venture in which others pay and can then be trained, and that is a completely different proposition altogether. As to your point about 18 year olds, I agree entirely – for certain professions but not ones where experience is absolutely key. An 18 year old passionate artist, builder, chef – fantastic. An 18 year old defending me in court, performing open heart surgery on me or training me to be a successful trader – forget it!
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There also isn't really any way to know if someone did or did not pass TST unless they used the same screen name there as they use in FIO, and their name is on one of the TST announcements that are sent out now and then. And who can keep track of all that? And obviously, that's not actual proof; it's just a name.
Another way would be if they were journaling on FIO and they published a screenshot of their trade report -- and he was not, and didn't.
Otherwise, we don't have anything but the person's word for what they did, which is all we have, I think.
And, yes, passing it does not ensure future results.
So it doesn't matter anyway.
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