bill mcdowell - Trading Reviews and Vendors | futures io social trading
futures io futures trading


bill mcdowell
Updated: Views / Replies:29,198 / 68
Created: by nqcruiser Attachments:4

Welcome to futures io.

(If you already have an account, login at the top of the page)

futures io is the largest futures trading community on the planet, with over 90,000 members. At futures io, our goal has always been and always will be to create a friendly, positive, forward-thinking community where members can openly share and discuss everything the world of trading has to offer. The community is one of the friendliest you will find on any subject, with members going out of their way to help others. Some of the primary differences between futures io and other trading sites revolve around the standards of our community. Those standards include a code of conduct for our members, as well as extremely high standards that govern which partners we do business with, and which products or services we recommend to our members.

At futures io, our focus is on quality education. No hype, gimmicks, or secret sauce. The truth is: trading is hard. To succeed, you need to surround yourself with the right support system, educational content, and trading mentors – all of which you can find on futures io, utilizing our social trading environment.

With futures io, you can find honest trading reviews on brokers, trading rooms, indicator packages, trading strategies, and much more. Our trading review process is highly moderated to ensure that only genuine users are allowed, so you don’t need to worry about fake reviews.

We are fundamentally different than most other trading sites:
  • We are here to help. Just let us know what you need.
  • We work extremely hard to keep things positive in our community.
  • We do not tolerate rude behavior, trolling, or vendors advertising in posts.
  • We firmly believe in and encourage sharing. The holy grail is within you, we can help you find it.
  • We expect our members to participate and become a part of the community. Help yourself by helping others.

You'll need to register in order to view the content of the threads and start contributing to our community.  It's free and simple.

-- Big Mike, Site Administrator

Reply
 4  
 
Thread Tools Search this Thread
 

bill mcdowell

  #41 (permalink)
Elite Member
Portland
 
Futures Experience: Beginner
Platform: NinjaTrader, TradeStation, MultiCharts
Favorite Futures: TF
 
Posts: 23 since Jun 2010
Thanks: 3 given, 10 received


nqcruiser View Post
i am still on and off in the room. 2 students seem to average 90%.

it would be nice to hear from current paid up members how they are performing. most people seem unwilling to share experiences,especially when they have losses

Why don't you set the example? What are your results?

Reply With Quote
 
  #42 (permalink)
Trading Apprentice
Templeton, CA
 
Futures Experience: Beginner
Platform: Ninja
Favorite Futures: eminis
 
Posts: 4 since Jan 2011
Thanks: 4 given, 2 received

Trading Mentor

Martin Dunne,

You mentioned in a prior post finding a good trading mentor. Would you be willing to share your experience and his name?

Reply With Quote
 
  #43 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,553 since Jun 2009
Thanks: 1,151 given, 2,012 received


I did McDowell's mentorship program a while ago (maybe 2 years ago). After a few weeks I quickly realized there was nothing there. At the time Bill did not show his DOM, ninja chart markers, trade list, or anything else that would prove he was profitable. All he showed was an excel tradelog. His method was based on buying breakouts of cup patterns, but he had a keen ability to skip the losers and only take the winners. When I asked why he'd just say "that didn't look good". When he got a winner he'd show a screenshot showing the winning trade only. One could not see the previous trades. I felt he was hiding his losers. I was willing to part with my $3k but I was not willing to waste 3-6 months on it. So I left.

My advice is this: Without seeing actual broker statements, run away from any trading room / coach. They're all scams. I did two trials last week and will be posting more about them on my blog but the fact is I have yet to see one honest. Actually Kam from L2ST did show his DOM for a few weeks and he did make a little money but it was not very impressive. It was no where near the $4k/day he claims to make.

So just run away from these and save your money. Read the Dalton books & watch his free webinars and practice. It takes a few years. There are no shortcuts you have to put in the time.

This is the first time I write about my experience in Bill's room and that's because I was ashamed of having lost my $3k on it. I felt it was my fault for falling for a scam. But now I see they're all scams so I don't feel as bad and I want to warn others.

The only proof is a brokerage list of executions. There is absolutely no reason why a real coach wouldn't show this but they will all come up with a variety of excuses. If they don't show them then just assume they're a scam and move on.

Reply With Quote
The following 12 users say Thank You to cunparis for this post:
 
  #44 (permalink)
Elite Member
London, England
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: EUR
 
Trafford's Avatar
 
Posts: 337 since Sep 2010
Thanks: 379 given, 227 received

Cunparis,

I know Kam and he does not strike me as a liar. If he says he makes $4k then I would tend to believe that is what he makes. He trades the DAX and so does most of his trading prior to teaching in the L2ST room.
Trading is a journey and I firmly believe if you have the desire to learn something you will. Is it likely to to be a costly affair, more than likely. Like you I have spent loads on education and wished I met someone like me when I first started but we evolve as proceed and I am still learning but I know a hell of a lot from when I first started. I have never met a successful businessman that never lost money or made mistakes and more importantly was afraid to fail in his attempt to learn. Put it all down to experience.

Reply With Quote
The following user says Thank You to Trafford for this post:
 
  #45 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,553 since Jun 2009
Thanks: 1,151 given, 2,012 received


Trafford View Post
Cunparis,

I know Kam and he does not strike me as a liar. If he says he makes $4k then I would tend to believe that is what he makes. He trades the DAX and so does most of his trading prior to teaching in the L2ST room.
Trading is a journey and I firmly believe if you have the desire to learn something you will. Is it likely to to be a costly affair, more than likely. Like you I have spent loads on education and wished I met someone like me when I first started but we evolve as proceed and I am still learning but I know a hell of a lot from when I first started. I have never met a successful businessman that never lost money or made mistakes and more importantly was afraid to fail in his attempt to learn. Put it all down to experience.

If Kam makes $4k/day then all he has to do is post a few brokerage reports showing his trades. Or the execution log from his X_Trader. He prefers not to do that. I'm not saying Kam is a scam, I learned a lot in his room despite the fact that his "method" didn't work for me. But I don't believe he makes $4k per day. I'm saying I do not believe ANY trader until I see proof. That keeps me out of trouble.

Reply With Quote
The following user says Thank You to cunparis for this post:
 
  #46 (permalink)
Trading Apprentice
Templeton, CA
 
Futures Experience: Beginner
Platform: Ninja
Favorite Futures: eminis
 
Posts: 4 since Jan 2011
Thanks: 4 given, 2 received

Trading Educators

Thank you for your replies and honesty. There are certainly a lot of empty promises out there in the trading training arena.

And, I fully agree that for the sake of honesty and transparency whoever is teaching should project their charts and their dom live.

I'd love to hear more about any trainers that are both successful traders and able to transfer that skill consistently to students.

Reply With Quote
 
  #47 (permalink)
Elite Member
London, England
 
Futures Experience: Intermediate
Platform: Ninja
Broker/Data: Mirus Futures/Zen-Fire
Favorite Futures: EUR
 
Trafford's Avatar
 
Posts: 337 since Sep 2010
Thanks: 379 given, 227 received

I think the key component is whatever it is the person is teaching you resonates with you and are you are able to apply it and make money from it over time. You hit it on the head when you said his “method” did not do it for you, which is the only thing that really matters not seeing his DOM or account, but whether you can implement it, modify it if need be and then make money from it. After all we are only ever trading our beliefs - according to Van Tharp. That is why you can give someone a system that you are making money from and when someone else trades your system they lose with it. The best way is as you said find a method and style that suits you and then that is the key to your success. Know Thy Self and Thy Plan.

Reply With Quote
The following 2 users say Thank You to Trafford for this post:
 
  #48 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,553 since Jun 2009
Thanks: 1,151 given, 2,012 received


Trafford View Post
I think the key component is whatever it is the person is teaching you resonates with you and are you are able to apply it and make money from it over time. You hit it on the head when you said his “method” did not do it for you, which is the only thing that really matters not seeing his DOM or account, but whether you can implement it, modify it if need be and then make money from it. After all we are only ever trading our beliefs - according to Van Tharp. That is why you can give someone a system that you are making money from and when someone else trades your system they lose with it. The best way is as you said find a method and style that suits you and then that is the key to your success. Know Thy Self and Thy Plan.

I agree 100%. I think everyone has to learn their own method. Can be based on others' ideas but the method has to be your own. There is no right or wrong answer. I've tried trading like other people and it just never worked. But over time I have been able to come up with my own method that is unique to me.

I think the only way to learn to trade someone's method is to have private lessons or at least a very small group, see the persons DOM all the time, see all his charts all the time, ask questions, get feedback on your own trades, etc. I'd even say it should be in person. That is very time-consuming for a profitable trader to do all that and most don't because they don't need to. That leaves the scammers. They have no choice, they have to do it in order to have an income. So they hide things, get as many people in the room as possible, etc. And they can't give good answers because they really don't know how to trade themselves.

I plan to do a whole blog series on this. I've uncovered several scams lately. It's really pathetic that people stoop that low and the sad thing is no matter what, there will be lots of people ready to hand over their money and sign up. The people at futures.io (formerly BMT) should know better but all those traders just getting started don't. They get hooked by a "free webinar" and it's like signing up for the next Tony Robbins seminar. You feel great about it and do it and then when you have second thoughts you realize there is no refund and you've been had. Even sadder is some stay in these rooms for a year or more, not knowing they're being suckered.

Anyway.. can't save the world but I at least like to put the information out there so if people good it they'll find it. When I googled Bill McDowell there was nothing out there. And now there is.

Reply With Quote
The following 7 users say Thank You to cunparis for this post:
 
  #49 (permalink)
Elite Member
Germany
 
Futures Experience: Intermediate
Platform: MT4, StrategyRunner
Favorite Futures: ES,EUR/USD,Oil
 
TheSeeker's Avatar
 
Posts: 123 since Dec 2010
Thanks: 64 given, 64 received

I have trialed the L2ST room. I like their setups.

It is true, however, most of the trades were called after the fact, i.e. " we had a lovely divergence here, there was a great entry there" etc...while Kam was chatting away during the trading session, making it hard to focus.

I have also been following FT71 and he is probably THE trader you can trust on the internet !

Reply With Quote
The following user says Thank You to TheSeeker for this post:
 
  #50 (permalink)
Trade with the flow
Paris, France
 
Futures Experience: Advanced
Platform: Market Delta & Ninjatrader
Favorite Futures: ES
 
cunparis's Avatar
 
Posts: 2,553 since Jun 2009
Thanks: 1,151 given, 2,012 received



TheSeeker View Post
I have trialed the L2ST room. I like their setups.

It is true, however, most of the trades were called after the fact, i.e. " we had a lovely divergence here, there was a great entry there" etc...while Kam was chatting away during the trading session, making it hard to focus.

I have also been following FT71 and he is probably THE trader you can trust on the internet !

I have found that commenting on trades & setups and actually placing trades are two completely different things. PLacing a trade you have to time entry, determine your stop, manage your trade once it's on, etc. It's easy to call them in hindsight.

For a few weeks Kam was trading showing his DOM (supposedly real money) and the results were not impressive. Just above breakeven. For some reason he stopped that, I assume because he wasn't able to trade profitably, otherwise he would have continued.

Be careful of "setups". That implies a mechanical way of looking at the market, which is dynamic. Each situation is unique.

I learn a lot from FT71, in a more conceptual nature. He often tweets things before they happen rather than commenting in hindsight. And it's free. I can't see any reason to pay someone to comment in hindsight when you can follow FT71 for free.

Reply With Quote
The following 6 users say Thank You to cunparis for this post:

Reply



futures io > > > bill mcdowell

Thread Tools Search this Thread
Search this Thread:

Advanced Search



Upcoming Webinars and Events (4:30PM ET unless noted)

July Journal Challenge w/$1100 in prizes from TopstepTrader

July

John @ No BS Day Trading (TBA)

Elite only

An Afternoon with FIO member Softsoap (being rescheduled)

Elite only
     

Similar Threads
Thread Thread Starter Forum Replies Last Post
Poll: Health Care bill, for or against? Big Mike Off-Topic 99 March 25th, 2012 02:57 PM
House GOP Moves Toward Vote on Boehner Bill GridKing News and Current Events 0 July 26th, 2011 08:05 AM
BILL GROSS: Bond Investors Are Frogs kbit News and Current Events 0 June 1st, 2011 05:33 PM
House Bill 1716 - Is the End Near? estrader14 News and Current Events 2 February 21st, 2011 02:24 PM
US Senate Aims to Take Up Final Reform Bill This Week Quick Summary News and Current Events 0 July 12th, 2010 01:50 AM


All times are GMT -4. The time now is 09:40 PM.

Copyright © 2017 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
no new posts
Page generated 2017-06-22 in 0.14 seconds with 20 queries on phoenix via your IP 54.158.245.70