Ever wonder what would happen if you crammed almost 7,000 day traders onto a single website? Sounds like a good idea, right? Big Mike’s Trading Forum is an example of just that; a paranoid support group of misguided traders posting daily experiences to mislead each other on the markets.
In the public domain, it is of no benefit to a trader to directly help his or her competition, yet Big Mike’s Trading seems to disregard this simple fact. Can you actually trust any advice that’s posted there? Well, maybe if you want to shell out $50 for an Elite Membership, you can read the exclusive experiences of traders and use knock-off indicators based on an amateur’s interpretation of the real deal. Then again, you’d still be in the same boat, only this time obtaining both software and advice you can’t trust.
Well, what are the checks and balances that keep the members and content in line? Surely, there must be an ample staff of knowledgeable traders who can discern worthwhile posts from garbage. Unfortunately, most of the staff at Big Mike’s are all too eager to jump on the self promotion bandwagon.
Here’s a list of the Big Mike’s staff at their best, promoting the sites own content over legitimate research.
Moderator Jeff Castille promoting the forum’s own knock-off indicator of the Paintbar Factory:
http://www.bigmiketrading.com/vendors-commercial-products/549-paintbar-factory.html#post4029
Source: http://www.bigmiketrading.com/vendors-commercial-products/549-paintbar-factory.html
Moderator Fat Tails promoting more its own knock-off versions of Nexgen T3 Fibs / MACD BB, Keltner Channels, Fib lines, etc. over those offered at EMini Academy:
http://www.bigmiketrading.com/vendors-commercial-products/4733-has-anyone-tried-eminiacademy-com-2.html#post55117
Source: http://www.bigmiketrading.com/vendors-commercial-products/4733-has-anyone-tried-eminiacademy-com-2.html
Moderator perryg promotes another knock-off indicator called Jeff ADX (modeled after the original ADX), only available for Elite members:
http://www.bigmiketrading.com/vendors-commercial-products/3440-boomerang-indicator-system-indicatorwarehouse-com-3.html#post33679
Source: http://www.bigmiketrading.com/vendors-commercial-products/3440-boomerang-indicator-system-indicatorwarehouse-com-3.html
Blatant negativity regarding the products of other vendors is apparent in nearly every thread within the Vendors and Commercial Products section. Big Mike’s advertising policy states that slanderous statements are not allowed and self-promotion is restricted. Surely, just the opposite occurs in all of the other sections of the forum, aside from Vendors and Commercial products. It is reasonable to expect one to conduct business for self-benefit, however, repeatedly biased posts such as those above show the true motives of Big Mike’s Trading Forum, a community of deception and losers.
It appears the Big Mike's Trading Forum is a place for people to go to learn many things regarding trading. There are threads on money management, psychology of trading, methods and lots more. All on the forum will help in anyway they can and answer questions. For all in tense and purposes it is free for a wealth of information and help. Some don't even use indicators and just trade price action.
There are indicators that are free and the Elite membership may be $20 or $50 for life to help pay for the cost of running a forum.
One thing is for sure. You won't pay anything for the indicators like Nexgen which charges something like $15,000, or the Daytrade to win guy that charges $1800 for a line on your chart. One question, if its so good, why sell it?
The world relies on idiots like you with a good heart and NO BRAINS! $50 from each member to keep a forum?
It takes about $15 to pay for hosting, and he collects on those idiotic google advertising! Sure why pay $1,800 and $15K when you can collect $50 from the masses, create BS conversations that would be highly optimized and distribute plagiarized material and promotes the violations of copy rights.
This is not the "Robin Hood" of the trading community. stop being naive.
You're a joker and you probably post all of the neg comments yourself. Can't afford $50?? Boo hoo! Trading is not the best career choice for you.
[...] discover about the products, good and bad. One more thing, someone just sent me a site they found: http://tradinglosers.com/forums/big-mikes-day-trading-forum/ Is this from the same people? Thanks! Gary Last edited by Gary; Today at 09:45 [...]
Hello
None of those members you mention is an actual moderator, but I am – ZTR.
Check out one of my trades: http://www.bigmiketrading.com/psychology-money-ma...
I was the 1st one, you did not post it. Why? Are you one who says the thing that is not?
Since Big Mike takes in many thousend of dollars a months as "donations", I hope he reports this as income and pay the tax on from it……..
100% with you on this Bro!
I agree Forum trolls who live in the mom's basement and are losers like to cause misery to others .I stay out of forums for that reason, Drama Drama Drama
More Drama I live for it.
Big Mike´s Forum is a crook he doesn´t work and only think about money
Seems there are a few folks here from the “Entitlement Class”. News flash!! You are not ENTITLED to be a successful trader.
BigMike lost all his money trading, I know this for a fact, lost his whole account.
Gave up trading and now sells forum subscriptions using a sly “let us support each other” method.
Which over the last year he has gotten very rich from.
The whole idea of his forum is to make him rich, not you.
Its not if you can afford $50 or not, its why the hell should you give free money to Mike!