In the room, you will hear a lot about hindsight trading. Yes, his accuracy was high based on hindsight theory. If i remember correctly, the turnover on his members list was high. Meaning people come and go real quick.
I think maybe for once, I saw what claimed to be a real trade from his autotrader. Then, the chart only showed execution, it may even be on SIM since the charttrader part wasn't shown.
His latest autotrader programs were no more than fib clusters that could be found on forum(just different visual)
Now, back to reality. If someone had a money making machine, why would he be selling it? If it's really at a high percentage win ratio, he can easily grow from 5 lots to 20 lots, then to 50 lots then to 100 lots. perhaps even bigger size in a year time. Why have 20-50 other traders splitting that liquidity from the market while he can own it all?
I made a mistake by going with it. it's like a trading mistake. You live and learn from it. I see you have only posted twice on futures.io (formerly BMT). Rather than searching for whose trade room is good or whose autotrader works, read more about other member's idea. You have your own idea, get someone to write codes on it. At least your methodology is buying or selling based on what you know.
The following 5 users say Thank You to typer77 for this post:
He will post a trade in in the room THAT DID NOT WORK and go on for like 20 minutes !! DURING TRADING HOURS ! Saying that it did work!! THEN =-= When a lot of people in the room started commenting that that trade did not work --- HE WOULD GO AND TELL THEM TO SHUT UP OR HE WOULD KICK THEM OUT OF THE ROOM. He is INSANE!
He would tell a new guy or a member to SHUT UP or HE WOULD KICK THEM OUT OF THE ROOM... WTF..!
Insane is the word that comes to mind when I think of that fool. Insane and destructively negative. He would not like other people if they were right and he was wrong.
He would straight LIE about a trade working - when IT CLEARLY did not work according to his rules - and the evidence is right there on the chart!! Yet he will get on the mic and say that it worked. INSANE and Ultra negative.
STAY AWAY from that guy is all I can posibly tell you. He will bullshit like crazy.
ALL OF HIS "MEMBERS" that were with him when I was there are now gone - and have gone to other rooms or are on their own because they couldn't take his attitude anymore. :O
I dropped his B.S. and worked on my own thing... I couldn't take his INSANITY for too long.
He would also interrupt during live trading times!!! He would move the charts and cover them up and interrupt YOUR TRADING whenever the "F" he wanted. Extrememelly disrespectful...
HE WOULD NEVER EVER SHOW HIS TRADES or his trading. HE BARELY TRAINS. YOU WILL NOT LEARN HOW TO TRADE WITH HIM.
HE ONLY CARES ABOUT TAKING $250 PER MONTH FROM YOU AND NEVER TEACHING YOU HOW TO TRADE REALLY.
He never wants or EVEN PRETENDS to ever make you an independent trader like real teachers do. HELL I think there are members here that teach MORE than that Psycho did.
ONE TIME :
A professional female trader came to the room. He had managed rooms before... and she basically started schooling that Crude OIL was going to start going down based on fundamentals... And he started saying that he didn't believe in fundamentals at all and started to get mad that she was "arguing" in "his" room.
Crude Oil did start a down trend and he still was arguing. A real person will know that there are different point of views and yes Chart Analysis is ( In my Opinion ) than Fundamentals == but when they both line up -- it will be super super strong move !
EVERY OTHER TIME:
HE WILL KEEP INFORMATION FROM THE MEMBERS AND CONTINUOUSLY TRY TO EXHORT MONEY FROM HIS PAYING MEMBERS... INSTEAD OF ACTUALLY HELP THEM. Let me explain.
He will NEVER EVER Show his trades.. only MAYBE after the fact.
He will NEVER EVER Show his Chart Trader - so all of his trades could be in SIM. Most of them probably are.
POSSIBLY WORST ONE: He will get on the MIC and want to start selling you some complete Bullshit TRADING PROGRAM.
DURING TRADING HOURS ! AND HE WILL NEVER SHOW YOU THE ACTUAL STATS OF THE PROGRAM. HE WILL NOT SHOW THE LOSSES. HE WILL ONLY SHOW BULLSHIT TRADES. Oh and by the way... his supposedly Magical Trading program -- is nothing more than the SuperTrend indicator that is available in the downloads section... that doesn't really work anyway.. so..
WOULD YOU TRUST A NUTCASE LIKE THAT?? With YOUR money?!
Seriously -- My official end of story review for this guy is: That he found some market profile thing that sort of works sometimes... AND THEN HE CLAIMS LIKE HE INVENTED IT. LIKE HE DISCOVERED IT.
HE CONTINUOUSLY SAYS IN THE ROOM THAT HE KNOWS AND TALKS WITH THE "INVENTOR OF MARKET PROFILE" - yet never has produced evidence of this. He keeps talking like he invented everything. Like he invented futures practically.
I would say stay the hell away from that guy and invest your 250/month on a better teacher. End of story. Don't know what else to say.
The following user says Thank You to OpalDragon for this post:
You have said enough but I want to add my own experience being only attracted to his webinar and follow up "training". He scheduled training for late afternoon so it suited me as it was early morning our time. I have joined the room and I am waiting, waiting... When I asked about promised training he finally showed up and said it was already done as anounced earlier (apparently as soon as I went to bed) - so I missed out and he would not repeat it. I showed my disappointmnet so he went 'agro' and ended up kicking me out of the room!
If this is the way the potential client is being treated then what type of treatment one can experience once the payment is done? Now I can see from your experiences that I was right not to go any further.
In recent webinar for NT he stated that he uses only 3 methods but from what I have seen so far every few months he comes with 'new, brilliant idea and program'.
And, inicators truly can be easily found here on this forum (BIG THANKS to Big Mike for running it! and all contributors submitting to this forum) even the latest craze with Renko bars - looks like many vendors try to come with their own - can be found here for free.
Looking at Symmetry's latest invention I have put together SuperTrend, Derivatives Oscillator and UniRenko bars to get very similar visual results.
I am not saying that there are no good traders and educators out there - just Jay Wireman IMO is not one of them.
The following 2 users say Thank You to romus for this post:
This is what I meant - agro as aggressive.
I was really frustrated at the time as I wanted to use that opportunity to learn and try their system so I stayed a little longer at night and woke up early in the morning to find out it's all over!
And the attitude - no apologies - well I felt as I was to blame as I just missed it!
Anyway, one of the "potholes" on the road to becoming a trader...