Yes, I can't deny he did mention he blew a 15k account, sigh. I was hoping he had sustained profitability with his new method.
Bobby, were your losses using your new methodology , or was it experimenting? Have you been able to sustain profitability for some stretch of time, say 10 trading sessions or so? Are you planning to test out your new method showing it can achieve consistent profitability with a journal record, before publishing it?
Please don't put out a method that hasn't been proven. I'm just saying, and that's my sentiment. While a lot of vendor methods are surely scams, not all of them are. We've had plenty of proof of other traders on futures.io (formerly BMT) who are consistent traders and some are trading for a living.
Overall I just think you've had bad luck with vendors who turned out were not helpful to you in your initial $10k trading education expense. Maybe you missed objective reviews of the vendors or they were too good in hiding their scamming on the web. Anyways, good luck.
Well we've had Monpere, Sharky, Deucalion, and some others who said they make a living trading. A lot of former pit traders, or retired folks who invest in stocks successfully being introduced everyday on the "welcome to bmt" thread. And there was someone who posted broker statements saying she made $2k or greater a day. And then some vendor guests and their webinars like Futurestrader71 who stated they make a living from trading.
About Wgreenie. I thought it was a mistake she dismissed Al Brook's original book as just "dry". And ZCard kept recommending it. If she went through it and all the examples page by page, she would have a much better feel of market price action than what her free NT "price action" indicators and other lagging ones told her imo. Anyways, nomb and just imo.
Last edited by Cloudy; February 11th, 2012 at 05:05 AM.
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I thought the 15k was what he has blown altogether, not an additional 15k.
But I am absolutely stunned that he would have the audacity to sell whatever he has developed in such a short time. It means either he does not have the capital to trade the system himself, or more likely it is a bogus system in which he has no real confidence.
"You don't need a weatherman to know which way the wind blows..."
Cloudy, I blew a 15k account while building on the knowledge that led me to my current skill level. Over time, I have found that from an emotional level demo trading is not good enough to prepare you for the real thing, anymore than monopoly can really prepare you for the world of investing. For anyone that has found a method with a positive expectancy, and has demo'ed it for at least 100-200 trades with a fair net profit, I suggest opening a micro account and proving out your skills and your trade setup.
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