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I happened to just see this thread, so my response is a little late. I have been a member of the GTR for several years. I have also been an elite member of Big Mikes for longer than that. If you have any questions regarding my experience with the GTR, I would be happy to give my opinion. I will say my experience with GTR has been positive and much of what has been written seems inaccurate or inconsistent with my experiences with Simon and GTR.
No, I'm not joking. Nor on the payroll. I would be happy to discuss.
Upon reviewing your and others comments, it seems to me you are judging the room negatively because it is not the holy grail. You cannot judge this room or any other method of teaching against a shortcut to guaranteed success. I would think everyone here would agree that chasing that holy grail is unproductive. I'm not particularly interested in making a broad pitch for the room but if you state what your experience and problem was, I would be happy to comment only because I find the room far superior to most of what is out there.
What I will say is that Bob and Sandy are no longer affiliated with Simon. Bob and Sandy were good guys. Bob was the salesman for Simon and sold pretty hard. And sometimes I felt he emphasized ticks per day in a way that portrayed the room primarily as a trade signal service. As a trader, he had some good runs, but in my opinion his personality was not consistent with Simon's. On many occasions I felt that his loud style and tendency to talk over everyone created some stress and confusion. So I won't argue with some of the complaints about the environment being confusing. But those days were for a relatively short time and the GTR is back to its natural tone.
Regarding the comments about magnets, indicators and names he uses, I can't speak for Simon, but if you pay attention to what he is teaching, I think you would find that the names are shortcuts for subsets of his methods. For instance when he refers to a "knife", it's not a marketing gimmick. It's simply a way to describe a certain set of circumstances and how he trades them. Its all part of his teaching style. If you spent any amount of time in the room or in his teaching sessions, you would see first hand how these names come about. They are mostly made up casually on the fly, in front of the students as discussions on a certain trade and his description of how he sees the market.
I just want to give a little more thoughtful perspective for anyone considering the GTR. It's not for everyone, but believe that Simon is sincere in his efforts to teach and absolutely not a scam. Again, if you have a specific complaint or question, I'd be happy to respond.
Hello Sharmas,
I think the suggestion that my trading performance is confirmation of the GTR misses my point.
I'm simply offering my assessment and experiences of the GTR for those that are seeking insight into trading. A little background: I consider myself very competent and analytical. I also admit I had a hell of a time when I first started trading. I was convinced there was something fundamental and quantifiable about the market that I was missing and just needed to find it. Not the holy grail per se, but a hidden trade secret or something that was keeping me from seeing the market correctly. Joining Big Mikes was a good start. But what really started waking me up from my misguided attempts to create an entirely mechanical trading system was 1) spending some time with Discovery Trading Group after seeing their webinars on Market Delta's site; then 2) I found FT71's webinar series and continue to follow him; and finally 3) joining the GTR. (wasn't called that back then). The most significant contribution to my trading was Simon's room. Why? Because it allowed me to witness first hand, a profitable trader using the volume profile and simple trade management that worked. And it was live every day. Before this, I was starting to doubt whether any retail traders were making money consistently and it was very important for me to see it done live. It also was a much needed compliment to the way I had started to see the market.
So, respectfully, my trading records are not particularly relevant. And I am not claiming GTR will guarantee you will become a profitable trader. But if it doesn't, its not because there is a problem with the GTR. The GTR provides you an opportunity to watch traders trade a live market, explain what they see and why they are trading it. Yes, it is possible to catch some of their trades. It is also possible to anticipate and catch almost all their trades if you have the ability to focus. And they will follow up with any questions and try to bring all members up to speed on how they trade. But the type of complaints I read here do not lead me to believe that they gave it enough time or effort to benefit from the GTR. Becoming a good trader requires lots of work, the GTR does not pretend to change that. But I argue it will provide traders a good resource if they choose to use it.
Shamas, if you want me to address specifics, let me know. [for the record, I have not been trading consistently over the last year. I am only slightly positive after fees. I attribute that to a life changing distraction that has kept me from the proper focus and an inability to adhere to my trading plan. But it is not a reflection on the GTR.]
Sharmas, after re-reading your post I'll try to make my point more concisely:
To claims that no one should join rooms because they only can teach but not actually trade: Nonsense. This is verifiable without even joining. Just attend some of the free trial days.
Simon is only front running: Watch carefully. I think you will see that he is not trading in a way that would be conducive to that. More importantly, no matter what some might think is trickery, have you ever been in a room that someone was calling trades at the entry point? Even if he wasn't taking his own trades, try calling trades yourself or trading sim. Can you match his consistency? Would you stay in the trades as long as he does to capture the runners? How can he or anyone fake this in a live trading environment daily? Impossible!
Post results to prove it works: Wrong question. "it' implies a black box type system or set of trade signals that should be able to be switched on and get results. One of the first things I picked up largely here at Big Mike's, is the idea of an off the self trading system is essentially searching for the holy grail and would not be a legitimate goal for traders. Simon is not claiming to teach a holy grail system. He is showing you how to trade like he does so you can incorporate that into your trading method. Its discretionary and requires work to read the market the way he does. Yes, he has some tools he developed but he is the first to emphasize that they are not necessary for success.
Regarding the site that claims fraud: Dishonest site.
Disclaimer: I am certainly not speaking for Simon. As a matter of fact, I have only spoken to him via email about 3 times over the last 4 years. So as far as I know, he may have an issue with some of what i am saying here.
I find your comments very patronizing. No one said they were looking for 'the holy grail' because it does NOT exist.
Everyone is entitled to their own opinion of the GTR, mine was very negative and I believe they are a scam.
After getting sucked into the scam a few years back I started to question the trade results after a few months in the room as I was NOT getting the fills or results that they claim they were getting.
Simon , Bob or Sandy would NOT prove to me they were getting the results and made many excuses.
Why don't you ask yourself that same question? you have been a member for many years and you say you are only just positive this year. If you have been with the GTR then maybe you should be up 1000's of ticks as Simon claims or are you deluded.
Simon , Bob & Sandy are NOT good traders and NOT worthy. Bob & Sandy are doing their own thing and I hear its just as Bad as the GTR. The only thing Simon cares about is money.
FxFutures1976:
Tone is difficult to express in print, but I wasn't intending to be patronizing. But your tone of accusations and insult is quite clear. I assume it is because you are frustrated or feel you have been deceived. I get that. Knowing what Simon's room is really like, I thought my willingness to discuss might shed a different light on what is happening in the GTR. But I am not interested in responding to all the negative comments by providing proof that if you join the GTR you can just follow trade signals and make money. That is essentially the standard you put forward. I am only interested in defending the truth from my perspective.
Going back to my basic premise: If there is someone out there that can trade profitably and let you watch while he's doing it live, isn't just that alone a potentially valuable resource? Simon does that. And he offers to teach you how he does it. Without a time limit. What about this do you think is not true? Whether it works for you is a different question. But it is certainly not a scam!
I don't want to get too deep into the topic of Bob, but I will grant you that his trading was very difficult to follow, and yes, some trades impossible unless you knew in advance. He was very energetic and approached trading aggressively. I don't believe he had any ill will or was trying to do anything but help students, but his style certainly brought a change to the room compared to the way it was prior to his joining. In my opinion it was a mismatch for Simon's teaching personality. He is no longer there. Assuming you are a member, I would suggest you give it a second look.
Your wrong again. The standard I put forward is to get an honest and transparent trade room that I could learn from and profit....isn't that the least we should expect from a trade room for $8000??
I have been learning the art of trading for many years and only recently found consistent results.
I know a scam when I see one.
If you are happy to pay that money and not make progress then more fool you.
Simon's call are impossible to follow and I doubt very much that he does NOT get filled on more than half what he says.
For you to defend him so vigorously I believe you have some affiliation with him , like many do in his trade room that back him to the hilt.
If Im wrong, then ask him to show his DOM or get his trade history from his ninjatrader platform. very easy to do, but he will make excuses.
As you said, do NOT respond to my 'negative' comments because that is all you will get regarding the GTR and I wont bother responding to your comments.
