LOL, how funny is this, yes I'm sure he will come back or maybe 2015 is a time for inner contemplation, its obvious he has ripped lots of people, so good luck with all the demons he has to face, and I'm sure there are lots!
On a positive note, thank you guys for everything, hope you have a lovely Christmas and a Happy New Year!
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Merry Christmas to all those who have contributed to this thread. I hope all ex club members can move forward with their trading. Obviously money and time has been lost but it is possible to be successful in this business.... It's just not as easy as Ed made it appear.
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Just....wow. I have to say he did a good job pulling the wool over my eyes. I never looked incredibly closely due to the price but I had the incorrect feeling he was "legit". I do wonder if he was at some point above board or trading well and just had it all slip away. Markets changed or whatever... Not an excuse of course. This whole thread is a brutal read.
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At least the word is out here on Big Mike's. What a worthless farce this guy is. I see he is still doing webinars with Ninja. Too bad. I wish the SEC would catch up with him for all the bogus trading results he use to post to "prove" what an incredible trader he was.
Lesson for anyone wanting to try a trading room, mentor, training program, etc. Ask them to put you in touch with 5-6 former students that have been through the program and are now using the techniques successfully to trade for income. I have never found even ONE that would/could. People can be trained to be physicists, engineers, doctors, they could be trained to be a successful trader if anyone actually had a program with decent instruction. It is a shame this profession is so full of charlatans and crooks.
If a bad vendor is a @NinjaTrader "approved" vendor (listed on their website) then you should not cease contact with NT until you have demonstrated to NinjaTrader they should be removed from their list.
Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.
Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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I've received an email from ProTraderEd telling me he is about to retire after 15 years trading. Everyone who knew he was a fake, managed to get him to close down his website a few months ago, but apparently a few of his die hard members, having already paid the one off membership fee, wanted him to continue with the room - After all, they'd paid for life time membership.
I assume he has soldiered on in the room with no new business for a few months but now he seems to have given up on that. I just hope he had the morals to pay his few remaining fans their membership fee back.
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