Quote from gmst:
BMT is like an overhyped stock and I am an activist - Think Carl Icahn. So, based on my thread, either Big Mike changes his attitude and becomes more open to criticism on his site or else - I hope to bring to the fore overvalued and overhyped current state of his site. To some degree, its like shorting an overvalued stock. [/B]
long ago, I was a BMT Elite member, not only that... I was a "Market Wizard"... I was banned because some idiot started an argument with me over something he knew little about and the "community" was offended by one of my responses to the guy/gal, which wasnt offensive(I dont curse or anything like that) but it certainly was demeaning..
I will make it simple... everyone on BMT are new traders... nothing wrong with that, I am still a newbie trader myself and will always be... the site is targetted to the masses, just like this one, and everyone for the most part is focusing on paper trading...
yes, BMT provides lots of webinar, etc... and as such is a great facilitator, but for whom? I view it as a middle man between those who want to learn something (aka. via shortcuts) and all the educators of the world...
when I got banned I did a brief amount of research on Big Mike and the address I got for him was tied to some credit repair businesses and the such... as I see it, BM is an astute business person.. he profits from the ads, the clients he brings to his vendors, his "elite" fees, etc... but a trader? not sure... pretty much everyone on BMT will show sim trades, but never a real blotter...
to me, getting banned was the best thing that happened... it stopped the distractions of contributing to a community that yielded little in return... BMT is all about indicators and coding... little about what will make someone actually successful...
just my 2 cents on the subject.