He deserves the same respect Bernie Madoff deserves, IMHO.
I just wonder when Al states what everyone one of these con artist states and that is I do not need to show any proof, are you still going to defend him? I will even step up to the plate. If Al Brooks shows live long term brokerage statements that he is trading exactly as he claims I will eat crow. But as someone who actually understand money and realistic returns on money, there is no way Al is doing what he claims.
This post has been selected as an answer to the original posters question
My guess is Al will not provide anything in the way of "proof" other than vague reassurances. The reality is he is not under any obligation to do anything especially for a few posters on some internet forums.
The real question is what will Big Mike decide to do if no proof is offered. The final decision is his, but I would predict the number of webinars here will drop to practically zero if some strict proof of performance is required. That will be everyone's loss.
Learning to trade is not getting proof of performance from someone and then blindly following them. Truly learning to trade is a process of being exposed to and trying many different approaches, mixing and matching, experiencing and learning until one finds what works for them. Yes, there are crooks and cons mixed in with the good stuff out there but that is no different than anything else in life, one needs to wise to the possible scams at every turn, there are no guarantees as in life, (actually there is one guarantee of not being scammed by trading rooms, DO NOT GO TO TRADING ROOMS THEY ARE A WASTE OF TIME AND MONEY).
The webinars here are a helpful element for learning to trade and it would be a shame to lose that resource especially for new traders because a few insist on guarantees.
The following 5 users say Thank You to Seahn for this post:
Wouldn't that tell you something Important?? Every regulated financial business must show proof and it is funny how all the ones that do can not accomplish what these Trading Rooms claims to do, yet the Trading Rooms who make these amazing claims can not show proof. That tells you something if you listen.
No one is saying blindly follow some vendor. That is just distraction talk from the real issue. There is one and only one issue here and distractions will not change that fact. And that issue is the person selling his trading method able to even do what he claims. Heck does he even trade live? Because if he cannot do it, there is no way you are going to do it.
What other business do people just blindly follow without demanding proof. No wonder this industry is so corrupt.
And for the poster who said just a few posters demanding proof. You must be kidding. Those posters are the silent majority. You really think members would rather see webinars by self-proclaimed profitable day traders who can show no proof of their claims or webinars by proven profitable traders (and yes that might well be zero). Members want to know the truth. So I say:
Let the Truth be told!!!!!!!
And if you think I am nuts and members just want to blindly follow unproven con artist, then I challenge BM to put up a poll and ask.
The following user says Thank You to rwbil for this post:
One more post since I am done trading for the day, really boring market today.
I agree with you 100%, this lack of proof does tell me something about trading rooms.
It tells me I should not be going to and paying for trading rooms and that is exactly what I do.
I suggest you do the same and get on with your life instead of going on this tirade about trading rooms, seems to me you may have been burned too many times by trading rooms. Now doesn't that tell you something?
The following 3 users say Thank You to Seahn for this post:
First once again you know nothing about me. After I realized that trading rooms were ran by con artist, I left them far behind. But I hate scammers and will do everything in my power to let the world know they are scammers and demand they show proof. So I absolutely will go on a tirade about trading rooms, until the regulators get serious and shut these scammers down. If that bothers you so be it. But once again you miss the point or distract from it. It is not about me or any person that has ever been scammed by trading rooms operators. It is about NT or BM allowing these con artist to present a webinar without ever showing a single lick of evidence they have ever traded the method they sell profitable.
Anyone can write a book and be a self-proclaimed successful ES scalper on a 5 minute chart. That is really not hard to do at all. Ah but showing proof of such claims is the hard part.
I wonder when the regulators eventually come in and crack down on this industry and put good old Al in jail will you same the same thing about them.