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I have an idea that might help clear up the reputable vendors vs non reputable.
Here are my thoughts
1. start a section on the forums for vendor review, but the reviews must be done by a panel of unbiased traders that volunteer to spend at least a month in each room.
Each of the volunteers can then write up there findings and rate each vendor accordingly.
No reviews in this particular area from unknowns due to the fact that some vendors will enlist family members or friends to give false write ups.
This is a much need service and you would need to make sure the reviewers are completely unbiased and can give grades based on several criteria.
The vendors that refused would be listed as non participating and all vendors have to accept honest reviews and would be able to have a bad review adjusted by periodic revisits by the reviewers. This would be a huge service and would get rid of most of the crap out there, and would also let us as vendors know how we are doing!
everything sounds like a great idea until you find out there is no such thing as 'unbiased' trader. Every trade is bias depending on his own experiences. Just take a look at Amp vs Mirus thread for an example.
Unbiased in this case simply means an objective view of each program, honesty in the room, what is being taught, is the vendor trading live for themselves or clients, are there students making money and growing in their trading.
Not all that want to trade will make it trading once they realize the work involved and that the perfect system does not exist. All we can do is show a path and help them not blow out.
JAM,
Since, you read this thread can you address my points?
Actually, it would be good for you to see that you should respond to all questions, not only when your ego hurts.
Your potential customer.
This has nothing to do with ego, it is about protecting the quality of training and integrity of my trading room. When posts are made that have no bearing on what we do in an attempt to generalize all trading rooms in the same category with little to no knowledge of each room you are discussing, vendors should have the same opportunity to set the record straight.
No, not every student will make it period, that is the nature of trading! It is very hard work and takes a lot of time and practice to learn. All we can do as mentors is help shorten the learning curve and point our students in the right direction. Should we be paid for that mentoring? Of course we should it is our time and our time is valuable as well!
Any room that does not tell you coming in that not everyone will make it and it will take a lot of work should be looked at with caution. In fact everything you do in life especially in this day and age should be looked at with some skepticism and decisions made to the best of your ability based on the information that you can obtain. Be careful who you listen to especially on forums where disgruntled and ten feet tall behind a computer seems to be the norm! And don't forget, as much as the forums would like to claim they are not biased, they make money off of advertising and the more participation they have the higher the advertising revenue regardless of the quality.
The only forum that I have ever recommended to my students and in fact have a link from my site is Big Mike's because I have always felt that he has the traders interest at heart. While I don't always agree with his sentiment about vendors, I do understand why he would be skeptical and that is why I suggested a vendor review board.
As to the points that I believe you are talking about, I completely agree that you should learn to fish for yourself due to the fact that anything can happen. Yes, I could theoretically get hit by a bus and where would you be then? I would hope that I had taught you enough by that point that you could go on trading without me.
The object is not dependency on me and my room, but in fact independence.
Platform: Ninjatrader, Motivewave, tradestation and metatrader
Trading: eur/usd, Oil, ES
Posts: 16 since Sep 2011
Thanks Given: 3
Thanks Received: 12
Hi guys,
I have been a member of Jam's room for few months now. I had tried quite a few systems and rooms before and I was very hesitant to join but glad I did. The reason i joined was because he was very honest and straight forward about trading and his system when i was on trial with him. I could see their trades live and trades of the members in his room.
I am surprised to see so many negative posts from people who haven't even been with him in the room. I am not here to advertise his room but I just wanted to share how I think of his services since I have been in the room everyday for the last 2 months. As far as I can remember, he has not promised me that i will get rich quick or any other fake promises most of them out there make. I learnt quite a lot from him and still learning.
Please don't take my word for it. Do your own research and at least try out a service before posting about it.
Jam, Great work on the new discretionary room by the way. Can't wait for the black belt program to start.
I had been in the room and purchased JAM's AutoProtrader, Idicators and Black Belt ( 3 months in the room)!
NO Holly Grail!
Nice job in the room by JAM, Kris, and KC..JAM does not promise easy road to riches and emphasizes the hard work needed...
You would have to be a fulltime trader to follow...Nice indicators and education
I had no benefit paying further for the room as basically I have another "Day job"
One caveat...I was unhappy with changing rules and and extra fees..Three months after I purchased the Autoprotrader, he added a yearly license fee of $25 and fees for upgrade.. Of course, those upgrades where free if you join the room again!
I did not think that was fair ( He could have just applied the CHANGE to new buyers but not those who already owned the system). Basic business practice..Do NOT change the rules in the middle of the game..
Fly G,
I hear you loud and clear and I will not be charging the 25.00 annual fee! You speak we listen
You were not the only one upset, so I cancelled it and chocked up to a learning experience for us! Thank you for you input.
