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Anton Kreil Annihilates Retail Brokers and "Trading Educators"
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Anton Kreil Annihilates Retail Brokers and "Trading Educators"

  #61 (permalink)
Reno, Nevada
 
Trading Experience: Advanced
Platform: NinjaTrader
Favorite Futures: ZN, ZB, CL
 
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smtlaissezfaire View Post
This is also slightly off topic, but...I have been rattling this idea around my head, although I'm not sure where it belongs.

Learning to trade has been a very difficult thing. The hard part hasn't been sitting down to the work, or even to learn the markets, but the web of lies + BS that is involved in a retail trader trying to learn the markets. And more frustrating has been the money, but even more so - the time invested - in things that don't or haven't worked.

I've noticed that almost every site for retail traders has some sort of promotion. Even futures.io, which I believe is largely above board, is sponsored by others (I regularly see ads for Jigsaw, Topstop, etc.) This may or may not cause a conflict of interest by futures.io, but it sometimes leads me to wonder / question if there are fake accounts, posts, or people who aren't totally above board on here (are they receiving money from others etc?). Same goes for certain "free" chat rooms. Of course that's not necessarily futures.io _fault_ per se.

If nothing else, (for futures.io) it obviously creates a conflict of interest between the members (who pay) and the sponsors (who also pay). "You can't serve two masters" as the saying goes.

Since I'm a developer, I've thought about setting up a site which is just video reviews of trading products, but I'd need some way to filter out potentially bogus reviews. I like the idea of video reviews because it's hard to fake a video of someone talking who has obviously taken the course.

I also like the idea of splitting up these reviews into two parts: 1) objective. here's what the course contains and 2) subjective. here's my opinion of the course, if I'll use it, etc.

Curious on what others think of these ideas.

I've run across two main review sites - one which seems OK, the other seems largely bogus. Also - that site mentioned above ("rip off report") is obviously garbage. They didn't even get the website right! And the review had zero substance.

I'll disagree with you here. This industry is loaded, absolutely loaded, with fakes, frauds, wanna-be's and every other kind of scoundrel you can imagine. However, the sponsors on this site are genuine and in business to do business and have worthwhile tools to offer. I've been a member here for years and have never seen a sponsor who was suspect. Big Mike and the mods do an excellent job of weeding out the aforementioned scoundrels.

Traders need worthwhile references. It's a very solitary business. Without references to research and test, traders would really be out in the cold with nothing but their wits to guide them - and untrained wits are not the way to go in this business. I only wish there were more genuine articles in this business - there's far too few.

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  #62 (permalink)
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@smtlaissezfaire, I have taken your previous post down.

Futures.io policy flatly forbids anything being posted here that has even a hint of solicitation or promotion of any service or business, or that may lead to members being offered such a service, even if it is purely exploratory. The only exceptions are site sponsors, who are still under restrictions about what they can do. Because the membership is a potential gold mine, very few are accepted as sponsors.

From reading your other posts, I think you probably meant no harm and may not have been fully aware of the policy, but we take this very seriously. Otherwise, this forum would no longer be a safe place for traders to come to.

Now that you know, just be aware that anything that resembles self-promotion or a commercial purpose will lead to a ban in the future.

I wanted to give you an explanation, in the belief that you were inadvertently, rather than deliberately, overstepping our bounds.

Bob.

When one door closes, another opens.
-- Cervantes, Don Quixote
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  #63 (permalink)
Oakland, CA
 
Trading Experience: Intermediate
Platform: Phone
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Posts: 80 since Jun 2018
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Thanks @bobwest. Certainly meant no harm!

My goal is just to share what I've learned so far (and hopefully to learn from others as well).

I'm glad there's such a community here and understand why futures.io has those restrictions. (I understand those restrictions help create such a community).

Also thanks for being a class act and responding privately. It would be easy for a moderator to just ban senselessly, and clearly you didn't do that. So thanks for being upfront with the why behind it all.

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