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How I Trade For a Living
Started:August 30th, 2016 (10:48 AM) by rocksolid68 Views / Replies:49,384 / 662
Last Reply:November 7th, 2016 (02:55 PM) Attachments:94

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How I Trade For a Living

Old November 2nd, 2016, 10:01 PM   #551 (permalink)
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Big Mike View Post
Uhm, no. Seriously? If I knew someone was a scammer, WTF would I allow them to be associated with the site? To me, this implies that you think very little of me and have no respect for my decisions, and/or strongly dislike what our community works so hard to do. Please clarify your statement if I am wrong.

Since you named Al Brooks specifically, then I will respond and say that just because I don't personally agree with Al's trading methodology does not mean that I think he is running a scam. I do my best to provide a range of content to our members, and that includes content I don't always agree with (for example: scalping is extremely popular, despite me strongly advocating against it).

Like with any vendor, all members of our community are encourage to post feedback in the Vendor Review section about their experiences, including experiences with people that give webinars on FIO. I hope you would realize that if a lot of people start showing proof that someone that gives a webinar on FIO is a scam, that I would no longer invite them back to the site. In addition, I always create a discussion thread for each webinar event and ask for feedback so that members can tell me what they thought. This feedback is used to decide future events and whether or not a presenter is invited to return.

In the past, I have removed webinar content after-the-fact from a vendor that I felt was running a scam, and I did everything I could to distance FIO from them (this was many, many years ago and that vendor was banned). Unfortunately, this was very early days of the forum and my "spidey sense" was still developing, so I got caught up with someone I shouldn't have.

There are one or two other examples where guest speakers will NOT be invited back to do webinars because I strongly disliked how they conducted themselves in the webinar (for example: strong selling to our members, despite being told in advance our strict rules against such things).

I don't recall what the "Rock Star Journals" are, but suffice it to say that yes -- I have uncovered many stealth vendors in the 7 years of running the site, and banned all of them I am aware of.

Mike


Here is the problem. No one can prove a vendor is a scammer. There is no way unless you are a regulator with authority to get a judge to force them to produce their results and acquire their brokerage statements.

So yes I think there needs to be a Basic standard set and that standard is they have to show they can do what they claim. Is that seriously asking to much? Al Brooks claims to be profitable trading ES, yet has never shown a live trade or provided any proof he trades live or can trade profitable. In fact, he refused to show Emmett any proof what so ever even knowing he was going to give him a review. IHMO, it is clear to anyone with any common sense Al Brooks is a scammer and should not be allowed to do webinars without showing proof he truly scalps the ES market as he claims.

Now that might be an interesting poll to take. I mean do you hire a roofer that refuses to show they are licensed or ever installed a roof, but they say they are a super great roofer?

If you are going to allow Al Brook's the priveledge of promoting his system and thus his educational books without any verification what so ever he trades profitable then where does it end. Why ban anyone? What Alex is doing is far less damage than what Al is doing IMHO. By that standard anyone should be allowed to do a webinar. What is the standard. After all if proving you can actually do what you claim is not a standard then what is?

And if you highly advice against scalping, why is that if you think Al and these other scalping vendors are legit. Yet not one can show any proof of their claim. I mean not a single one.

So put up that poll. Should vendors like Al Brooks actually have to show they can trade a live account profitable? This is not a tough standard. To be it is the basic entry point standard and simple for them to show their brokerage statement. But here is the rub, they know if they put out fake statements, the regulators can then go after them and they have no real statements to show, as they are not profitable traders, but educators. I wonder if Al is even a Doctor. That is how bad this industry is. Don't believe me read Emmett's site and these Trading Rooms.

Because if a vendor can not trade their own method or software profitable, there is zero chance anyone else will be able to do it.


Last edited by rwbil; November 2nd, 2016 at 10:28 PM.
     
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Old November 2nd, 2016, 10:51 PM   #552 (permalink)
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If you don't like Al Brooks ask him for a refund. If you have an issue with any of the webinar presenters collect your evidence and PM @Big Mike or me. Hosting the webinars I have been privy to see the amount of work Mike takes to ensure the content of this site is top notch. You have no idea the amount of time, money, or resources Mike puts into this site.

And this is my last post here.

     
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Old November 2nd, 2016, 10:57 PM   #553 (permalink)
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tturner86 View Post
If you don't like Al Brooks ask him for a refund. If you have an issue with any of the webinar presenters collect your evidence and PM @Big Mike or me. Hosting the webinars I have been privy to see the amount of work Mike takes to ensure the content of this site is top notch. You have no idea the amount of time, money, or resources Mike puts into this site.

And this is my last post here.

Refund????

You seem to have missed my entire point. Do you think member want to see webinars by Actual proven profitable traders or by people who claim to be profitable. I could right now make up a trading method, write a book and say I am a profitable trader. It means nothing. Bernie Madoff did it. It means NOTHING. Do you not understand that. If not I cannot help you see the light.

And as I stated no one can prove a vendor is a scammer, they have to prove they are legit as any business does. The best you can do is ask for brokerage statement and when they refuse that tells you all that you need to know. And that has already been done

https://tradingschools.org/reviews/al-brooks-trading/


And BTW, I use Al Brooks as just an example as he is one of the top webinars on here. But it applies to all. So TTturner what exactly is your standard??????????????


Again put of the poll. Would you rather watch webinars by proven profitable traders or by educators that claim they can trade profitable, yet refuse to show any proof. According you you TTurner, the latter will take the win.

     
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Old November 2nd, 2016, 11:29 PM   #554 (permalink)
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To be clear, I never attended his room but I did hear his side of the story (or at least most of it).

I wasn't going to say anything in this thread as I honestly liked rocksolid68, but I think @Big Mike might be making the wrong decision by letting the community decide whether or not to unban.

One of the things that makes FIO such a great community are the rules that are in place to protect its members. Those rules aren't always popular, and that's proven to be the case in this thread.

We don't all like the rules, but look at the other trading communities and you'll understand why they are so important.

I think we should all respect the decision that Big Mike made on this topic and move on for now.

If he is a young, highly profitable trader who wants to help others, this ban won't stop him from doing any of that. And he will be here in a year or so. Then Big Mike can make a decision on whether or not to revoke his ban. Let time prove who he really is.

Regarding the whole profitability question. Rocksolid68 mentioned that he wasn't going to post his statements because it wouldn't benefit him in any way, and people would think it's photoshopped, etc.

Are there not third party neutral sites that can verify results? Isn't that the purpose of FundSeeder? Can someone enlighten me on why it's not as easy as hooking your broker up to FundSeeder, and linking your FundSeeder profile to prove that you are indeed a profitable trader?

Yesterday's excellence is today's standard and tomorrow's mediocrity
     
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Old November 2nd, 2016, 11:30 PM   #555 (permalink)
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Guys, let's not reduce this thread into an argumentative one.


Neo1 View Post
The Kid is "18", been trading for 2-3 years. Hardly the credentials for running a trade room.

The writing style in his posts portrays someone much older than 18.

Either way, something is off.

Just my 2cents.

As Neo1 stated above, whatever it was "something is off".

Alex should have come clean about his initiatives, so he would not have to be banned in the first place.



kevinkdog View Post
My motto in the Internet age is: "verify, then trust."

That makes me a cynical middle aged skeptic, but it has saved my skin many a time.

We're all adults, so it is up to us to make our own judgement calls or adopt a practical one, as mentioned by kevinkdog.


Having another poll or other forms of "safe-guards", as suggested by rwbil, won't stop a fool from parting his money again. I know coz I've been one of those fools.

These vendors will just pop up again in various forms, like weeds in a garden.

     
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Old November 2nd, 2016, 11:42 PM   #556 (permalink)
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I really like the way this forum is run and moderated, it is unlike other forums out there. Credit goes to @Big Mike for keeping it the way it is and enforcing the rules.

Lets all be adults, respect the decision and move on. I don't know about you guys, but I'm here to learn Trading in this forum, not learn Arguing.

     
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Old November 2nd, 2016, 11:42 PM   #557 (permalink)
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SoftSoap View Post
To be clear, I never attended his room but I did hear his side of the story (or at least most of it).

I wasn't going to say anything in this thread as I honestly liked rocksolid68, but I think @Big Mike might be making the wrong decision by letting the community decide whether or not to unban.

One of the things that makes FIO such a great community are the rules that are in place to protect its members. Those rules aren't always popular, and that's proven to be the case in this thread.

We don't all like the rules, but look at the other trading communities and you'll understand why they are so important.

I think we should all respect the decision that Big Mike made on this topic and move on for now.

If he is a young, highly profitable trader who wants to help others, this ban won't stop him from doing any of that. And he will be here in a year or so. Then Big Mike can make a decision on whether or not to revoke his ban. Let time prove who he really is.

Regarding the whole profitability question. Rocksolid68 mentioned that he wasn't going to post his statements because it wouldn't benefit him in any way, and people would think it's photoshopped, etc.

Are there not third party neutral sites that can verify results? Isn't that the purpose of FundSeeder? Can someone enlighten me on why it's not as easy as hooking your broker up to FundSeeder, and linking your FundSeeder profile to prove that you are indeed a profitable trader?


You are right anyone can fake statement, but the minute you do that it opens you up to fraud like happened to Open Range Trader. A better solution is just show your brokerage account and the trades taken that day live right in the room. Just hide your account number. No personal information is given out and not very hard to do. Now that can also be faked but much more effort to do such.


BTW what happened to the poll. I no longer see it.

     

Old November 3rd, 2016, 12:03 AM   #558 (permalink)
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rwbil View Post
BTW what happened to the poll. I no longer see it.

Still there, on page 50.
Currently it is split exactly 50\50.

     

Old November 3rd, 2016, 12:07 AM   #559 (permalink)
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rwbil View Post
BTW what happened to the poll. I no longer see it.

Polls are randomly shown on the page, along side other content such as our Twitter feed. It is not missing.

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
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Old November 3rd, 2016, 12:45 AM   #560 (permalink)
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rwbil View Post
You are right anyone can fake statement, but the minute you do that it opens you up to fraud like happened to Open Range Trader. A better solution is just show your brokerage account and the trades taken that day live right in the room. Just hide your account number. No personal information is given out and not very hard to do. Now that can also be faked but much more effort to do such.

I had a very long post all written out. Then I realized, there is no point. Some people get it, some do not, and I've tried my best to explain it before already (just read my thread).

Here is the shortest post I can make: stop chasing vendors of any kind, and in the process of doing that, stop obsessing over brokerage statements. And when you say no one posts statements - remember who you are talking to, the guy that posted them every day for months (real live cash, real-time trades).

Please take my advice if you think that I have learned anything in the 7+ years of watching people on this forum repeat the same mistakes. Stop chasing vendors!

And now, just because I spent so much time on my other post, here is a screenshot of it before it's deleted forever

Please register on futures.io to view futures trading content such as post attachment(s), image(s), and screenshot(s).


Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

Need help?
1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first.
2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses.
3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make.
4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance.
5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
6)
Help using the forum? Watch this video to learn general tips on using the site.

If you want
to support our community, become an Elite Member.

     
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