I always feel like futures.io (formerly BMT) has such a strong and powerful knowledgeable group that contributes articles, valuable lessons indicators, observations about platforms, asking the right questions, etc and another group that wants to be "popular" by simply bashing vendors,brokers, and anything on site. They rarely contribute anything of value. But, Mike gets to hear from the vendor because of comments like this and the "threat" of legal comes because it's his site. Essentially, he pays (literally legal bills) because of someone's els's thread that starts with "Hey, what do you guys think of..."
Let's resume to being professional, and every time you are about place sarcasm or criticism please keep in mind that every post is your legacy and things stay online forever.
PM with any questions about optimusfutures (800) 771-6748 (561) 367 8686. THERE IS A SUBSTANTIAL RISK OF LOSS IN FUTURES TRADING.
The following 8 users say Thank You to mattz for this post:
I don't know Jam at all. Never been in his room, never used any of his indicators, though I have looked at them I think I could use a couple of them in my trading methodology. But, I do feel they are a little to pricey. I like that he stands up for being Christian and an American, not to put down any other religion or country. It is just good to see someone stand up for America and Christianity, since it seems to have become politically incorrect in this country to do so. What makes America so great is that it was built upon Christian values. Everyone created equal, everyone is born with certain rights, whether you are Morman, Muslin, Atheist, Jewish, or Christian. It is the Christian values that gives us our freedom and is why we help other countries and people who are not like us, more than any other country has done in the history of mankind, yet we are a new country.
Thanks for standing up Jam.
The following user says Thank You to click03 for this post:
I was with JAM more than 6 months involved in his Black Belt program and also the Automatic Trading at the begining of 2011.
Together with his son he ran the Black Belt program until he (son) left this business and open his own non trading business (guess why) . At that time me and other which were interesting only on manual trading had to switch to automation since practically we had no support for manual trading JAM being absorbed to test his automation tools and becoming obvious he can not run 2 trading rooms and conduct the Black Belt program anymore.
The automatic trading was a failure with very few days in profit. He used to trade 4-5 instruments and if one of them was in profit the day before that one would be weighted the next day with no mention of the sum of P/L for all the instruments.
I finally quit but kept an eye on his site because thought the manual system had a chance
When he started again with the manual system he used to put on his site the performance of this system and updated daily.
Soon this trade log was not anymore available on the site.(again, guess why)
1.careless teacher tempted to see his own path not the one of his students
2. over priced provider
3. lack of proof the system is consistently profitable (certified trade log of a live account)
4. over complicated system
The following 4 users say Thank You to Cristian for this post:
What you are writing here is really very old stuff (starting 2011) and should not be published here, see Home
JAM's new MMA system with the new AutoTraderProIII is one of the simplest and best system I know and ever used (I started trading 2004 and I'm trading for living and it's going better and better especially since 3 weeks when I start using the new JAM MMA System and Autotrader III.
Please take MMA free trail and afterwards you should come back and give an objective commentary and report after a 1 week trial with the new JAM MMA Systems..
I have tried and purchased JAM AutoTrader Pro a year ago ( paid a couple of thousands!!). Never could get a reliable setting from him on a single instrumnet that showed any consistent profit. It was clear my account was heading towards the Zero mark..I quit using it....
Worse part, as an OWNER of AutoTrader Pro you were supposed to have LifeTime free updates...Guess what..I have nver received a single update or upgrade or evern email since I refuse to keep funding his retirement fund by subscribing to his ever "Improving" trading room...
At this point, I wasted enough money and time on this JAM...I have a list...He is certainly on it...
The following user says Thank You to flyg for this post:
Ive said it before and Im not holding back. The truth is what it is. why this guy would even try to defend this scamer is beyond reason. Ive brought up in the past the failure to update his results page and the facts that Jam was totally full of crap and did nothing but make numerous excuses why he could have a winning week or weeks. He didnt offer any support for his worthless crap just tried a new approach to make some quick cash. I took the time to examine his traing room and soon saw all his scams.. When his failings were addressed point by point he did nothing but try to change the subject and discredit my concerns. The scammers always find their way to either Florida or Texas and often use religion as part of their hoax. I even asked for long term proof he was profitable with his system and guess what... no proof... It's a shame anyone lost their hard earned money to this ja@@@ss...
The following 2 users say Thank You to ironman07 for this post:
I suppose you have an audited account/trading log endorsing your excitement abut JAM's products.
Since JAM never provide one I suppose those of his students are even more valuable.
Even more, my big concern is not only about the profitability of the system but the dishonesty of JAM and his incapacity to recognize his failure not only as a trading system creator but as a business manager also.
Even his new system is very profitable , which I doubt, I would not pay anymore a person who proved being unable to recognize his failure on delivering what he was paid for.
Last edited by Cristian; November 12th, 2012 at 04:36 AM.
The following 2 users say Thank You to Cristian for this post:
I wouldnt hold the man's faith against him, although he does it from a place of arrogance. However, Jam is no better or worse than your average guru/mentor despite the arrogance. We should keep the discussion to that. I will offer my 2 cents:
First and foremost, the simple truth of the matter is that successful traders are able to attract outside money to trade to capitalize on their knowledge. They are rare but you can find them. Their websites will generally have a Managed Account structure for participation. The other vast majority of them are counting on newbies to signup by offering them dreams of working from home etc. etc.. 10 new signups a month for a couple of grand a pop for their magic indicators and what you have is a better living than what they ever managed in their non trading careers.
He is probably more well read than your average trade room guy. Atleast 50 books.
Is able regurgitate some common wisdom all day long in his trade room, to the benefit of inexperienced traders and help with developing good habits like shutting down after a daily target, good R/R etc.
Has his own version of almost every indicator known to man, with a Jam prefix to claim as his own. You get that when you become a member.
He will keep you from blowing up your account by stopping you from trading if things are not going well.
Total inability to condense and internalize the vast amount of knowledge from all his readings. You can see his videos created in the past 12 months or so and know that his charts at any given time bear no resemblance to what he was doing just 4 months ago. He will, of course, blame it on markets changing or the fact that he is only improving things. The reality is that he is 'lost' as a trader evidenced by his need to go from taking trades off of 4 different moving averages and balance point trades, to a hideous moving fibonnacci box, to this new Woodies rip off MMA system. Even his bar types dont stay constant and undergoes a new senseless change to compensate for other deficiencies.
He is not a scammer, and wants to do the best for his rooms. He just hasnt figured out how to condense his knowledge into something that will survive markets over a 6 month to a year period.
His real money maker is his programmer who he can count on without fail to come up with the next shiny feature on his indicators, his latest being sliders to turn on features on an indicator in Ninja, without having to click through the dialogue box.
At his worst, he comes across as an indicator peddler first and a real trader last. At his best, I think he does enjoy teaching.
Finally, the trade room epidemic is so painful to watch from afar. I wish the NFTA or CFPB would come up with some guidelines for this sub industry soon.
The following 3 users say Thank You to FalseProphets for this post:
I'm always blown away at the negative comments people sling at each other in these forums...the egos, what a joke. What's the ole saying, if you don't have anything good to say just shut up. Had a friend a while back that saw my charts and told me to come to the forum and start posting charts, etc. My first few experiences in places like this was so bad with the idiots that want to talk down to people for whatever reason was almost enough for me never to come back. What's the end goal here with all your bull spewing...trying to put someone else down to make yourself look better...or is this some holy mission to save new traders from the grips of some evil trading company...I mean come on give me a break.
I stopped looking in other peoples threads because of this type of ego and arrogance and just started posting my own analysis not so much for others but more so for myself to help refine my craft. I've seen Jam's thread...I see a guy trying to pass along some free knowledge to other beginning traders, etc. Where do you guys get off talking all this trash about someone sharing his ideas like this...businessman selling trading software what's new about that...oh too pricey...try paying a programmer these days to do customized software sometime and see where you end up. I've seen his stuff, I've watched the program evolve as you say over the years, refining improving on systems that already work. I think that's the obligation of the developer. From what I can see I think most of you are missing the mark here, they are an education room not a live trading room/"signal service", using live markets to teach the members how to execute a trading plan...classes in the afternoon, etc. to follow up, most of which are based on reading price action, market structure in conjuction with a great set of indicators for confirmation. I don't know what kind of trading you pokey joes do but that's a pretty sound foundation in my book. I feel fortunate to still be a part of this program...I saw the value and potential from my first trial 4 years ago.
That's my 2 cents...lol
Last edited by bayfisherman; November 25th, 2012 at 04:08 PM.
The following 5 users say Thank You to bayfisherman for this post:
Many thanks, as a developer and forum moderator for the Strategic Day Trading site. Clear identification of: Issues that are true Problems = Opportunity for growth. (the true IPO of trading). My contributions and work is free to the room members and no monies are paid to me nor do i expect to be paid at some future date. The ongoing development of the room, it's training strategies and it's indicators, comes as a direct result of feedback from existing members.
One of the primary strengths of this site is a continuing focus on training, trader skill development and education. Each individual trader has their own learning strategies, consisting of combinations of the four basic modalities (visual, auditory, kinesthetic, and auditory digital [self talk]. This is further compounded by the brain pattern recognition strategies. As an example:
[I cdnuolt blveiee that I cluod aulaclty uesdnatnrd what I was rdanieg. The phaonmneal pweor of the hmuan mnid, aoccdrnig to a rscheearch at Cmabrigde Uinervtisy, it dseno't mtaetr in what oerdr the ltteres in a word are, the olny iproamtnt tihng is that the frsit and last ltteer be in the rghit pclae. The rset can be a taotl mses and you can still raed it whotuit a pboerlm. This is bcuseaethe huamn mnid deos not raed ervey lteter by istlef, but the word as a wlohe. Azanmig huh? Yaeh and I awlyas tghuhot slpeling was ipmorantt!]
Only about 53% of the people can read this scramble on the first try. When you add numbers to the mix, you might be one of the 17% to read: 7H15 M3554G3 53RV35 7O PR0V3 H0W 0UR M1ND5 C4N D0 4M4Z1NG 7H1NG5!
The key is to find a pattern structure that matches your existing eye/brain patterns flow and/or show trader's how to expand their their recognition skills? Only you know if this is the type expanded awareness that you need to become a successful trader, or you don't need to expand your awareness!
In the end analysis carefully consider this matrix of questions in just two simple dimensions:
+ / + : What will happen if I do this?
+ / - : What will happen if I don't do this?
- / + : What won't happen if I do this?
- / - : What won't happen if i don't do this?
Again thanks and trust this may shed some light on how this site continues to evolve.
Even when you stand firm in the rushing waters of life - only your Spirit is Perfect!
Last edited by nanook77; November 26th, 2012 at 04:25 PM.
Reason: continuation of information flow