Logicmaster is a scammer. He is all bullshit. He system is basically a hindsight system to confuse his payees with. It is all smoke and mirrors. Stay away from this guy. John PS All those stupid tick charts he comes up with is just to confuse people more so they can think he has a system when he doesn't.
Well, I gave up $300 for access to Prof's site and I can say conclusively it's been a colossal waste of my time. Here's why: -Like others have said he flip-flops on his "perfect rules" all the time. Maybe he's settled on a system for now but I guarantee he'll change it in a month or two. Since September his rules have changed three times, all major revisions, barely recognizable from the last iteration. He's constantly making changes. -His rules are convoluted to the point that you can interpret them however you like. "Simple" is the last word I'd use to describe them. "Perfect" is a joke, in this regard. Bill, however, makes it sound like it's a one-sentence system that any ol' idiot can follow. -What he says in the chatroom is unbelievably vague. Definitely not too close to what his rules pages say (which, by the way, have gaping holes regarding entries and exits). If you question him or a "system" entry he flies into a rage instantly and brow-beats you. If you ask him to post a live trade he'll go off on you for 15 minutes straight. All the while he's implying you're a complete idiot for not understanding his "perfect" and "simple" rules. He never has and never will post a single live trade. -NOT A SINGLE PERSON in the chat room makes money. I've PM'd countless people in the room and they all say the same thing. "Still learning," "not sure of the entries," etc. I signed up for the website in Sep/04, and the chat room has been open since about Feb. If the system were actually simple, people would be making money by now. Someone would be. They're not. On the plus side, he is rather generous with his time, accepting phone calls to help anyone with trading. Now that he's charging several thousand a pop for his seminar, though, it all makes "perfect" sense to me. I don't believe Bill trades the system he teaches (if he trades at all). He claims he only goes for 2 points a day and then has a neat little section on his site that spells out how riches can be yours if you scale up your contract size while making 2 pts a day. If that were the case Prof should be worth in the 9 figure range, having supposedly traded this way for a decade. Bill is full of BS. Prof has been around ET for a long time and has been part of countless threads. Usually, people attack him and his methods. How come no one has EVER stepped up and said "yes, I've learned Bill's system and make money with it." Shit, I'd be all over anyone like a rabid dog who dared question Bill's qualifications if I had made money using his ideas. The one thing I thank him for is a relatively cheap lesson in snake oil sales. I know that I will not learn trading from someone selling something. Since leaving this crap behind the system I've worked out for myself, with no one's help, is coming along very nicely. Thanks, Bill! Hope you make lots of money from your seminar suckers. --opm8
Have you seen the fools new web site .... LOL Snoop, you got to check it out it's absolutely hilarious!
I thought he would be in jail by now. Seriously. edit - I just looked at it, and oh my God. WTF? And, I think the way he depicts himself in the animation at the end is just hilarious and sad.
That's wishful-thinking, my friend. These scumbags know well that it's not so easy to put them in jail. They are much better at the risk-reward analysis than you might think...
One final post in this thread since clearly no one here is weighing in my response and things are still deteriorating rapidly. I see I am being misquoted often and that apparently, the bias is tremendously heavy on this thread. The Very thread title is biased. I will state one final time, all the information you need is scattered in ET. Papertrade and see what works for you. We all have different trading appetites and thus many things will work for some and not others. It is impossible for something to work for everyone since everyone will experience interpret and see things differently. Nonetheless, kindest regards to all...
It's got to be the funniest thing I have ever seen. I see he is into astro cycles now too... :eek: As far as jail goes I tried but Canada is a socialist country, he never would of got away with this in the States.
I pretty much agree for the most part. I also antied up the $300 fee to see what the "logic" method was about and can't say that I got much more than $300 worth of value from it. I certainly would not attend one of his seminars. I don't think that one can take the perfect rules and really be profitable however if you're willing to think for yourself and take some of the concepts Bill presents and devise your own trading plan with rules for trade management on whatever your time frame is there there is some value in the concepts he has documented. I'm not sure too many in his chat room are profitable other than this mystical Randy person who they always talk about who makes almost as much $ as Bill but never joins the room. I visit occasionally and as others have stated I've received pm's from other members who were frustrated and having a very tuff time. Maybe there are silent participants making money but nobody posting profitable real time entries/exits and Bill does not discuss trading setups as they occur in real time. He likes to rant/rave alot which I find totally distracting so very seldom will I enable the voice component of the chatroom. I had voice enabled at one point and he was carrying on and my wife overheard, her comment was 'my god he's obnoxious'! pretty much sums it up
Classical description of a guru. If you do some digging on ET, you will find at least two more almost identical descriptions of two other individuals who also offer 'trading advice'... One is the Kingfish guy and the other some sp500_guru or something similar... 'Live and learn', as George Castanza said to his girlfriend after his pre-emptive break-up.... I have witnessed scenes in chatrooms run by gurus like that that were the best testament to the validity of Einstein's remark on the Universe and human stupidy one can ever find... Live and learn...