Well,it was mentioned on first day that most probably trades will be with real money on final day,no guarantees but sure to get anyone who is attending a free seminar to get hooked onto.
What I certainly did not feel right was that after losing money,he mentioned that "market is all crap right now" and even worse turned towards the broker representative(the firm who sponsored the seminar) and asked his opinion convincing him to agree with his views.
Other lame ass attitude was that after being whacked around in ranging market and remaining short on a breakout thereby losing about 4 ticks of sim money,he assured the viewers "we did good,right? It is very difficult to make money in this kind of market" - his exact words.
By the way Mark,common sense now tells me that those who make decent coin with real money don't really advertise much asking others to take a look at what they do.
I had read Heikotter's complete guide to daytrading book which was of zero depth technically and covered basics but still found ok for someone totally new.
I really had an opinion that Heikotter was an ok trader,a guru maybe and hence attended the seminar but I left with my opinion completely changed.
So no,I would not have been less offended even if they traded real money because I find it disgusting that someone who claims to have been trading from 1996 still blames the market after getting hammered with a 3 tick target and 7 tick stop strategy claiming its an extremely high win strategy even if it seems "counter intuitive".
Trades taken with so called strategy lost money overall but still it was because of the crap market excuse.
Out of curiosity - are you a vendor or guru too Mark?
Cheers,
Max
Max,
All traders complain even the few making money. Heck, even folks making millions on other careers (CEO's, professional athletes et cetera) all complain about something in their profession and/or make excuses when things don't go their way.
That's human nature and not something that should be disgusting as you specifically stated. However, it is very unprofessional and disgusting to do such in front of an audience which is what I think you meant to say. However, don't misunderstand, I'm not defending them nor do I care about your experience with them because it's none of my business.
My response was about the OP of this thread and others like him that are cloaked vendors or trying to hide such when questioned about it while bashing others for being vendors.
Simply, there's a reason why this thread was started by this particular person.
As for myself, ET management and many others know my identity and I follow their rules. My former user name (allowed to be change with their permission) is NihabaAshi...nothing to hide.
To answer your question about me specifically, accordingly to my tax accountant that's currently preparing my 2010 taxes...about 3.8% of my 2009 income via trader website business vendor, 14.5% via investments, 22.8% via darkroom lab business vendor and 58.9% via my own personal trading (day trading, swing trading and position trading).
Therefore, yes, I'm a vendor as most at ET already know nor will you see me deny such nor see me publicly bash the competition for such via some hidden agenda. By the way, I see lots of traders complaining at many different forums, financial TV networks, institutional trading pals about how tough the markets have been since 2008...my trading income is down in comparison to prior years and I'm lucky because I have other sources of income to easily compensate. Thus, I complain but not as much as others.
All traders complain even the few making money. Heck, even folks making millions on other careers (CEO's, professional athletes et cetera) all complain about something in their profession and/or make excuses when things don't go their way.
That's human nature and not something that should be disgusting as you specifically stated. However, it is very unprofessional and disgusting to do such in front of an audience which is what I think you meant to say. However, don't misunderstand, I'm not defending them nor do I care about your experience with them because it's none of my business.
My response was about the OP of this thread and others like him that are cloaked vendors or trying to hide such when questioned about it while bashing others for being vendors.
Simply, there's a reason why this thread was started by this particular person.
As for myself, ET management and many others know my identity and I follow their rules. My former user name (allowed to be change with their permission) is NihabaAshi...nothing to hide.
To answer your question about me specifically, accordingly to my tax accountant that's currently preparing my 2010 taxes...about 3.8% of my 2009 income via trader website business vendor, 14.5% via investments, 22.8% via darkroom lab business vendor and 58.9% via my own personal trading (day trading, swing trading and position trading).
Therefore, yes, I'm a vendor as most at ET already know nor will you see me deny such nor see me publicly bash the competition for such via some hidden agenda. By the way, I see lots of traders complaining at many different forums, financial TV networks, institutional trading pals about how tough the markets have been since 2008...my trading income is down in comparison to prior years and I'm lucky because I have other sources of income to easily compensate. Thus, I complain but not as much as others.
Mark
IMHO no one really forces anyone to trade at gunpoint so losing money as a whole to be blamed on markets is kind of shying away from being responsible for adapting to changing market conditions/lack of edge or losing it/not accepting own's mistakes etc.
A guy who claims to be 10+ year trading veteran should have been able to adapt or even get better by now instead of whining when stops are getting hit or not being able to detect changes in market conditions after claiming to have been trading for such a long time.
That's what I was meaning to say.
Appreciate your frankness though Mark regarding the breakdown of your income as well as in being clear about having your own trading website.
And I can relate to what was said earlier about Markus Heitkoetter from Rockwell Trading. I was green enough back then to fall for their scam. Oh well learned my lesson !
Here is a live recording of me uncovering the rockwell trading scam on November 1st last year lol!! http://www.youtube.com/watch?v=JnWzBw7h1y0 Underneath the video you'll find a URL to the full story and updates of what happened since that day. Recently two of Rockwell Trading staff members left the company. Their Marketing Manager and the Manager of the Personal Coaching Program.
!
