Quote from Rodney King:
Whatever one's view of Mr Covel's strategies and techniques, he's due gratitude and respect for his sponsorship of the site. The sponsors make the site possible for everyone. And I admire his forthrightness about the products and services he's vending. Not everyone lurking on the site is willing to come out of the closet as a vendor -- let alone pay the sponsorship fee.
I appreciate Mikey's sponsorship of this site as I do all sponsors. I know for a fact that there are sponsors on this site that you do not like and have stated your comments about them openly. So making a comment like you just did is hypocritical. This is just how you are though. You constantly criticize individuals for doing the exact same thing you do yourself. I don't like all of the vendors here either but I don't stalk them, ridicule their posts and call them names.
Yes, I have a website and the only thing sold on the site is a book. I used to teach classes but I haven't done so in well over a year. I simple trade and develop software now. Oh, the software isn't yet publicly available. I have been in recent contact with Baron on setting up a sponsorship of my own in the near future but until then there is nothing I have to sell. I have loved to come onto ET and share my tools and ideas with anyone that asked. I have given away my proprietary indicator to hundreds of individuals here for NinjaTrader, MultiCharts, Tradestation, eSignal and Amibroker. I have even supported those free indicators with my time. For this I get called a "closet vendor". And get called this from someone banned on this site literally a hundred of time. Not a single free indicator I gave out was attached to any stipulations that the person buy something to keep it. Each of those individuals that asked still have it and they still work.
It is individuals like Mikey, Surf (you know who he is) and a few other individuals that have posted my site address. If it weren't for them no one would know I have a site. Funny you stick up for the exact persons that don't follow the rules of this site (sponsors or not) and condemn those that do.
Mikey sells stuff one could find for free on the internet if one just searches for it. I know Mikey sells books he writes as well. Books of information of the thoughts and ideas of others. Absolutely nothing original from him though in the way of techniques or even a clear definition of defining the trend of a chart. I give away my indicator that no one can get anywhere else. Whether that indicator is worthwhile or not, that is up to the user to simply validate themselves but it costs them nothing to do so. As the other poster stated, why pay $3k for something they can get for free? I do not fault Mikey for earning a living re-selling information available elsewhere. Many successful people have done the same thing. I do fault him for his attitude toward people that look at different research paths. He has never tested or validated what I do yet openly condemns it because it simply would mean he would have to do physical work to justify his comments.
Mikey simply made a comment that he didn't know the answer to a question that someone posted so I interjected with an answer. Not an answer I pulled out of my butt but one given to me by a large hedge fund manager in California. That was of the way they used a combination of technical analysis and fundamental analysis together to improve their profit results. For this comment I was called an idiot. Anytime someone puts up a conflicting viewpoint to Mikey, his canned reaction is to berate them, belittle them and begin tirades of name calling. There will always be different viewpoints to any question but they should be all dealt with by civil discourse. Those are two words seemingly not in Mikey's vocabulary.