Market charlatans


Thanks for that. One more evidence that the BMT forum is just one gigantic garbage generator. And to think that he banned me for "posting BS". Never got banned from any forum but only there. Should have known better I guess.
 
Quote from goodvintage:

Thanks for that. One more evidence that the BMT forum is just one gigantic garbage generator. And to think that he banned me for "posting BS". Never got banned from any forum but only there. Should have known better I guess.
+1
And not only that, if memory serves, he requires a one-off payment for you to acquire 'Elite' membership so that you can peruse the phat bastard's 'Elite' garbage :p
 
Quote from Brighton:

This takes the cake:

http://www.ezcolortrading.com/partners.html

scroll down to what she calls 'outdoor advertising' -- she seems to be proud of the fact that she plastered telephone poles with her business name.
LMAO ! :D :D :D

Beth is the founder of EZ Color Trading. She is a dynamic lady with extensive life experiences in both Eastern and Western environments. She has gained substantial insight into different organizational cultures and management practices from her various management positions and consultation projects in Bahrain, Canada, Hong Kong and PR China.

LOL :p Clearly, the ultimate in professionalism, especially when one resorts to these methods of advertising:

3203583.jpg


http://www.therecord.com/news/business/article/600987--day-trading-business-wasn-t-ez-to-set-up

ed4a3b00483aa30ef0df1e9b21da.jpeg


To quote the late great Rodney Dangerfield "Last time I saw a mouth like that, it had a hook in it!"

People must be really really stupid. Anyone who gives this CHARLATAN any money, deserves what they get.
 
LOL that's her --- she's worse than a used car salesman..... at least they sell you something that works

Don't know how any one can defend her, unless they are vendors themselves.

But she's not alone.....

Check out this thread
http://www.bigmiketrading.com/forex...ur-usd-futures-contract-trading-strategy.html

Now the same CJ Booth clown has started a service:
http://www.tradeeurofx.com/
http://www.bigmiketrading.com/vendors-product-reviews/26466-tradeeurofx-com-charles-booth.html
(he won a BMT contest and he looks nothing like the guy on his webpage - LOL)

He was already a scammer anyway because once he got enough people interested in his BMT thread, he started selling indicators right there in the forum. And Mike, the guy who's so tough on vendors, didn't ban him for it!

No one became profitable with his method in the forum, and he disappeared. The one guy Bobby who claimed to be doing ok with it, ended up blowing out an account and then said he came up with a better version of it that he was going to try and sell.

And just to prove what a joke this is--- check this out

http://www.bigmiketrading.com/forex...sd-futures-contract-trading-strategy-104.html

Using the trade results he gave for his 6E scalping method...
a 77% win rate with a profit factor of 7
avg win: 18.9 --- avg loss: 9.5

BULLSH*T !!
 
Quote from Equalizer:

LMAO ! :D :D :D

Oh yeah, the advertising was mind-blowing.

But how about this:

"For example, she spent hours in reading a 250-page thread just to better understand an indicator that caught her eyes. During her pursuit, she had a stress attack. Her doctor had recommended her to take a break."
 
Quote from NoDoji:

Oh yeah, the advertising was mind-blowing.

But how about this:

"For example, she spent hours in reading a 250-page thread just to better understand an indicator that caught her eyes. During her pursuit, she had a stress attack. Her doctor had recommended her to take a break."
And it gets better. Again from her FAQ:

"Q10. Can I use EZ to trade FX and stocks?
A10. We have not tried EZ on FX and stocks. Do not have access to their live data."


:D Aaaaaaaaahhh, the professionalism
 
Quote from MarketOwl:

There are quite a few bad trading authors/educators out there, I just wanted to point out a few who make more money off selling books, educational material, and subscriptions than actual trading.

Books by charlatans:

Trend Following (turtletrader.com) - Michael Covel
The Art of Contrarian Trading (carlfutia.blogspot.com) - Carl Futia
Mastering the Trade - John Carter

Anyone have any more authors to add?



Using the same analogy to traders as was used analyzing classical musicians in the book "Outliers" by Malcolm Gladwell i.e.

top tier musicians - soloist

2nd tier musicians - symphony orchestra members

3rd tier musicians - music teachers

thus if we use the same analogy to traders

top tier traders - hedge fund partners, bank prop desks and CTAs

2nd tier traders - trading own and perhaps friends & family money

3rd tier traders - teaching noobs to supplement trading income

Imagine if you went to David Tepper or any other top trader and asked him/them to teach noobs for a small fee, I have no doubt
he will kick you out of his office quicker than you can say David.
 
Quote from dealmaker:

Using the same analogy to traders as was used analyzing classical musicians in the book "Outliers" by Malcolm Gladwell i.e.

top tier musicians - soloist

2nd tier musicians - symphony orchestra members

3rd tier musicians - music teachers

thus if we use the same analogy to traders

top tier traders - hedge fund partners, bank prop desks and CTAs

2nd tier traders - trading own and perhaps friends & family money

3rd tier traders - teaching noobs to supplement trading income

Imagine if you went to David Tepper or any other top trader and asked him/them to teach noobs for a small fee, I have no doubt
he will kick you out of his office quicker than you can say David.

I hope everyone believes you.

I mentor for free locally.

My goal is to "take".

The capital I take out of Wall Street goes to Main Street to help solve local problems.

Why can't the your top tier people do this? They can't afford to.

Now give some thought to violin inventors and piano inventors.

Then think about the folks who wrote the music.

Do you know how minds are built?

Purposeful practice in a specific filed. There is no chance you could mentor anyone simply because you could not tell them what and why to practice anything.

Dealmaking is the bullshit of the FI.
 
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