Bill is a perpetual fader and unless you are T Boone all faders get smoked. Why doesn't he show his DOM is he is so confident? Cause he ain't even trading. What does he charge now? 250 last time I checked times 50 plus people and an omnovia room. Good ROI the way I see it. Some of his ideas are decent, MP is a decent method, but you have to know when to fade and not. He faded left and right and then cussed and screamed, not emotionally balanced at all.
I have only seen 2 educators that will show their DOM, the rest are trading on the stimulator. TradeTheMarkets ain't much better trading with 1 0r 2 contracts.
I think you stated things pretty well hippie. Most rooms charge way too much for what they charge. When I joined IOAMT it was during it's last month as a free room. I then paid $39 mo. + purchased Hotcomm lite @ $29 & when the room changed to Omnovia I paid $65 mo. for room & Omnovia. What I was taught is more than worth those fees AFTER I adapted the knowledge to my personality. I don't mind paying for learning. I paid a small fortune to go through college & grad school. It was investment in my future. Bill taught what he said he would, so I got what I paid for. I did have some problems with his rants when trades went against him. BTW, Bill did show his DOM, but to me now that's neither here nor there. I'm looking to learn info that fits my personality and style, not copy. I've learned something in every room I spent much time in. If I didn't like what I heard in the free trial, I didn't have to join. There are liars and charletons out there but don't lump everyone together. In my opinion, anyone who will not take responsibility for their own losses, and hops from room to room looking for someone to tell them where & when to buy or sell deserves to lose. Most people fail not because they can't find a method to win, but because they can't manage their emotions. To me showing a DOM tells me nothing. What they make is none of my business. I take a trial to see if I can learn from their teaching and I make my decision to invest in their teaching or not. Currently I'm in JPJ Trading & he doesn't show his DOM but he teaches his setups (which is all he promised) and he also teaches on market behavior. I can't trade exactly like JP because I don't have the capital to trade the size he trades. But I know he's honest because what he says comes true. Still there are people who come into the room and lose and blame JP even though he says wait a year or so until you learn the methods before putting real money into the trade.
imo there are two main benefits for someone to attend a live trading room: validation and education Showing a live dome is part of the validation process, it solidifies hope = faith = belief that something can work and actually does work. However, the other edge of that sword is people tend to fixate on the dome long-term and tune out what's happening on their chart. They need to learn reading the chart, anticipating the setups and trusting the execution on their own without following a "leader" who enters first. So imo it's valuable to run a live trading operation short-term for brief periods of time to validate and solidfy belief. That serves one purpose for value. Long-term imo it's more important to mark up streaming charts, show where AND why a setup is actionable, discuss options for entry - stops - exits, etc The surest waste of time for any live room is trying to be a signal caller that subs are supposedly expected to follow along and take the trades in blind faith, robotic fashion. That has never worked, can never work and will never work because of basic human nature regardless whether any room leader makes profitable calls or not. Fact: trading is a damn tough business which takes time, effort, more time and more effort to master than anyone ever expects in the beginning. Lots of different paths to that end result, relatively few people make it there from all the half-hearted attempts that try.
No response? Hello NFA, educator makes claim to have fund. go fish? http://www.nfa.futures.org/basicnet/Complaint.aspx startraitor Registered: Jan 2008 Posts: 2761 03-19-11 10:07 PM You have no active status and you have a fund? Even if you are exempt you still have to register as such. Help us here mighty torpedo of trading enlighenment! http://www.nfa.futures.org/basicnet...CgGVTEg=&rn=Y -------------------------------------------------------------------------------- Quote from austinp: My fund is limited to clients only... people who know me: family, friends and clients who have been inside for quite some time. I am not soliciting for new fund clients, so I can post whatever I want wherever I want. If and when that situation should change, I'll operate within the guidelines set forth by NFA. What... do you honestly think I don't know the rules and paramters involved? Give me a little bit of credit for knowing this profession --------------------------------------------------------------------------------
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