We have a 500 seat GoToWebinar license, the cost is $249.00 per month. Alex originally said he was going to charge $429 per person per year for the room. Breaking that down monthly that would work out to $36 per person. He would need 7 people to break even. If he has just 7 people, why does he need a 500 seat license? Lower seat capacity is dramatically cheaper.
I'm just trying to state some numbers, not offer an opinion. As for "keep the riff raff out", the concept is not lost on me (see: FIO Elite).
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From what I can tell, he was looking into the signing up for the room (as a customer) at the time he made the posts. He didn't end up being a moderator until after the fact.
I really shouldn't speak for him though because I don't know. I'm just basing this off of what I've read and what I understood he described in the room this morning. To me, the bottom line is that he seems like he's genuinely trying to help people and doesn't appear to be a phony from what I can tell. I feel that if nothing else, he at least deserves a chance to defend himself.
think that this was/is headed to vendor status for sure. I do wonder at the notion of a guy with such little experience and without an audit able track record (industry standard) being in a position to charge for anything. I was/am concerned by lack of specifics and very few specific answers to questions BUT I was not interested in Alex for his trading advice. I wanted a chance to vet the kid as a salesman and a front guy for a fund aimed at millennials.
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So, I feel like in my opinion the evidence @Rory brought up changes a few things. Although he did not promote anything during the duration of the trading room at all, however, I am quite shocked by the crossfiretrading result that shows a relation to RockSolid68's account as the account is used by Alex and his father interchangeably.
We have crossfiretrading, streamdream, now zerohedgetrading, and god knows how many more in the past, and a possible theory is that this trading room could be a small jist of what is offered in the future on a subscription basis? idk, its my theory, although he has never forced anything on anyone at all or even mentioned selling anything in the room.
But if you clearly have some relations to sites like crossfiretrading, stream dream, which is owned by his father, and they both used this account at one point, then it should be disclosed that yes you have these sites even if you don't sell or force anyone to anything.
I feel there were some corners cut and things unmentioned on purpose, which should have been disclosed from beginning knowing the rules of this forum.
Although I really like the place where a lot of us got together and just chatted around, I think that ignoring the rules of the forum are not acceptable, and I feel in my opinion the ban should remain (this doesn't mean you should vote like me as well). No doubt he has put in his genuine effort to put up with a free room for us to visit if you'd like, its not forced, it was totally optional. But I also feel betrayed to an extent when I saw the external roots connected to this account, which we wouldn't have known about if none of this ever happened.
I feel it is a good decision by @bigmike, a little bit of digging by FIO members and we have found 3 sites affiliated with this account, this is ringing a big red bell in my head, and i feel its a good call. we shouldn't even have the voting in my opinion, that would mean everyone else in the future would also deserve voting then.
This is all of my personal opinion and by no way am I trying to persuade anyone, so you guys form your own decision and vote accordingly to your decision (that's if you'd like to vote).
Edit: Also, I feel maybe 1/1000 people would uptake a cost of $50 / month to host a free room for everyone. It was strategic in my mind to keep it on a thread where even guests can see. Anyone who has many sites offering trading subscriptions and services and then say they are holding a room just to genuinely help people out for free sounds really to good to be true. I applaud whoever tipped this to moderator for this forum.
No wonder why he asks anyone whose name isn't familiar since they weren't regular people, and he'd ask them "how'd you find me and this room? " Who knows how many sites he has, but we know so far of 3. You also have the question, why have more than 1 website, streamdream, crossfire, zerohedge. In the morning I really gave him the benefit of doubt and now we see how cleverly this has been executed. I'm also deeply hurt.
Last edited by noobforlyfe; November 2nd, 2016 at 05:31 PM.
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Enough people can still go into his room without any connection or detraction here on FIO and work out for themselves how profitable they are from what they learn in the room. If it's good then great. If not, then situation normal. There is no conflict, just pending clarity.
If he wants to, Alex can provide proof of trading statements and real profits at any time. For my own dumb-hat wearing I made a massive assumption that his profitability and real trading were not even in question. He gets my respect back if it was all legitimate, but I voted ban stays unless proved otherwise.
I didn't partake of the room as I don't trade the ES and also could not see how his scaling method was going to help new starters with small accounts get going anyway. Plus the fact that he's 18, no disrespect, he may be a real smart cookie but is 'bear market' even in the vocabulary?
Trading aside it was even simpler, as @Rory pointed out a while back, just too many !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!'s.
A car insurance company today had to back-track on some social media account scanning, (usual fox in the hen house cobblers when Facebook says the privacy of its users is important,) but the real message was simple - excessive use of exclamation marks correlates with overconfidence.
Let the future happen, it will do anyway.
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I concur, it was a bit hard listening to him, his voice was breaking.
Still not sure why he was allowed to run a room when it was obvious from his website (in his profile) that it was geared towards educating. Though it stipulated it was free, that's clearly BS, every single page was about mentoring/educating. It was a matter of time/or private messages. If the room wasn't allowed from start he would still be contributing here.
And second, why not hear the person out? He stipulated many times that if the room compromises this forum then he would close it down immediately. Perhaps because he lied? Which I can understand, but would still like to hear what he has to say.