Quote from nyc-hotshot:
Seriously, so many people willing to post and bash the guy. Why doesn't someone of you bashers put up the measly $200 and try the room? It's not like that's alot of money a trader can make it in one decent trade easily. Then come in here and say whether it's worth it or not. I can't believe supposedly educated, smart people make such ignorant bashing posts with no real knowledge.
Obviously, anyone who has the time to make 10-20 posts a day is not a real trader. I know plenty of "real" day traders including myself and none of them have the time to post all day when they should be watching the market for trading opportunities. There are so many posers in here that just waste time pretending to be usefull or that act like they know how to trade and nobody else does.
As I said before, the site's profitability claims aside, most traders who are not successful or new can probably learn something from a mentor type and also definitely by being in a room chatting with 50 or more people (guessing: I don't know how many traders are in their room) who are trading.
I don't really care to try the room because I have my own strategy, but come on a little civility and some educated (that means knowing what you're talking about) responses would be nice, but apparently too much to expect.
I don't post 10-20 times per day, and sometimes I am lucky to post once a week. But, to be realistic, posting 10-20 times a day would not preclude someone from being a succesful, full-time trader. Seriously, it probably takes a few minutes to make a post, which would equate to 40 minutes out of a 12-hour day. I spend more time than that in the bathroom! (ok, I am getting older...)
The reason for my post, though, is to address what seems to have come up a few times - why don't you just spend the money and try it out. Well, the money is not the real reason - I could live without the $200-$400 dollars, but it would hurt to dedicate a week of full days to seeing if the service and the claims were real. So, the risk is not necessarily in monetary terms, but time.
And, someone else made a good point earlier - the $400 will not bankrupt you, but if some newbie signs up for this service going in and thinking they are going to have 90% winners (read the claims), and stupidly puts money into the picks, they could very well lose their shirts.
That - to me - is what ET is all about. Helping others - newbies also - avoid scams that are so prevalent in this business. These people prey on those who could not figure it out (which, is most), and lure them in with outrageous claims or promises of the "holy grail". It can be tempting for even the strongest, but when you have fellow ET'ers questioning the scammers it could save some people A LOT of pain. (note - if you don't give a crap about your fellow man, this argument will mean nothing to you)
Finally, I did not see much in the way of mindless attacking of "BestDayTrader" in this thread. I saw some good questions, that STILL have not been answered.
And, Snoop, you are right about the exits brother.
I do think the advertising is overdone.