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He has violated futures.io (formerly BMT)'s terms and conditions by not declaring himself as a vendor before posting and has now been permanently banned.
He then further violated futures.io (formerly BMT)'s terms and conditions by lying about his identity, saying he was "a trader in the room", as opposed to his true identity, Brian Padgett, Senior VP of Puretick.
Guys, if you are considering doing any business with this company, be careful. You can see how the founder of the company acts.
Last edited by Big Mike; October 17th, 2013 at 04:04 PM.
I spent some time in the room, actually under two different ID's at two separate times too take advantage of the $29.00 offer
You will find that their is tons of talking by the moderator, it is annoying. But back to the track record, it claims to have that, I did see quite a few winning trades, but the loses are there as well, just not talked about as much.
You will find you can never match or come close to his calls, their are times they are in, and then no one knows or no call is made, and by the time they do say something, they are scaling out.
Kinda of like, "Did you guys all catch that?" WTF? you just said there was no set up, or it was a poor set up, then all the sudden it is a 30 Tick winner.
Try for yourself, but the best way to to learn and never rely on one to give you the calls. There are a few good rooms out there, but you still must use your best judgement and discretion on the calls.
In my opinion, It was not for me, they take in the newbies and sell them a bunch of indicators, mentoring ect. You may find it suits you.
I remember when I first inquired, they hit me with relentless emails of marketing, never a good sign. Then when you reply to one of those emails (they make the email seem it is right from a trainer, who has your best interest at heart, bit is is all automated) they always say call the 800 number and anyone can help you. When I did that, I got the run around on answers by a phone admin. and never a strait answer. They also use affiliate marketing to promote, Once again is why I stayed away. I did do two trials just to be sure and investigate, and I was right, it was just not for me.
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They add to losers. I stay away from any day trading system that adds to losers, because the amount loss on trades that lose are huge compared to the amount on trades that win. So you can have 90% win rate, but if you loose 2 or 3 times as much on every loser, then that win rate becomes less impressive. Win rate is misleading, and that is why they advertise it. What matters is expectancy. There are plenty of traders making tons of money with a 40% win rate, they have more small losers, but big winners.
Last edited by monpere; June 8th, 2011 at 02:47 PM.
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I concur with the feedback on this room. I took a trial with them and i found it very difficult to keep up with the moderator, the way he trades. There is an alert system in the room but you cannot wait for that to take the trade or you will likely miss the move imo. I never showed the same results at all so their performance is definately misleading. I know this is par for the course but some posted peformances are in the ballpark not this one. He also doesnt take questions well. He often chastizes newbies who either question the trades or just don't understand his methodology. Not an endearing trait imo.
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