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Have any of the people writing on here ever had a one to one with Ed? I have. I learnt more from that 2-3 hours than I could of done from any blog or web site. What it showed me is that he is genuine and has an enormous knowledge of the market which he is willing to pass on. The hardest part of trading is in your own mind and until you conquer that aspect you will never make it.
Are his trading results real? Trading with him during the one to one's I have to say I believe they are as he seems to have a brilliant trading brain. He continually calls the market and tells you when not to enter, the most important part for me. What Ed isn't is a sales man, more a grumpy old man at times but isn't it better to have someone tell you the truth rather than sugar coat it.
Dont normally get involved in forums but this thread seems to be misrepresenting what Ed is providing so I though I would add my experience.
You don't normally get involved in forums...which is why you registered at Big Mike's and it took 2 years for your first post...and to defend this shill. Laughable.
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I'm sure a 1:1 with Ed would leave you feeling impressed with his advice. No one is saying he doesn't talk a good game and he is correct in saying that dealing with the psychological aspects of trading is vital. The problem is that his phenomenal success just cannot be verified. People who have been in his trading room observe break even trading but his off screen trades are nearly all successful. I personally witnessed this and suspected something was amiss because I couldn't reconcile his trading results with what I saw with my own eyes, but I thought the ninjatrader performance page does not lie. It was only when it was pointed out on this thread that it was very easy to delete trades from ninjatrader, that everything fell into place.
Before his results were removed, I would say 280 of his last 300 trades were winners. This is not feasible and I should know. I have spent 2 or 3 years slowly losing money or breaking even. It's only in the last 6 months that I have become consistently profitable on a weekly basis.
I hope Ed can show that his results are real because there is a lot of ill feeling towards him on this thread and If he is fixing his results to lure new members, he deserves much worse than he's got here.
Gordon, I had not planned to post again, but I will answer your question, because I understand where you are coming from. In fact there was a time I could have seen myself making the same post. I want you to understand for me to come to the realization that Ed is a fraud was a painful process.
Not only did I do the 1 on 1 with Ed, I spent hundreds of hours watching the recorded one on ones; some of them 2-3 times. At first I thought this guy must be a trading genius. As hard as it is to believe, his one on one trading was even more amazing than his blog. He called every turn in the market. He would be up hundreds of ticks in 2 hours. I was truly amazed. And he even had explanation why he took that specific trade. But as time passed and I replayed data again and again (I literally spent thousands of hours replaying) things just did not add up. I started to ask him why did he take the trade here but yet under the same market structure and conditions he does not take it here. He could not give an answer. Nothing was consistent or repeatable. There was just nothing I could take away, apply and trade profitable.
On top of that I started to see all the other inconsistencies that just did not add up. How could his videos and blog be so amazing day after day yet when he trades live he loses money, why when he trades live and loses money does he say there is no endless winning and then gets a student on mic and then continue to trade and call out winning trades in hindsight, why would there be a student taking the trade exactly as Ed instructed and then when the trade went south, Ed would say: “why did you take that one“. I could go on and on. You have been in the room you must have seen some of the things I am talking about.
But even with the inconsistencies and things not adding up to me, I just could not believe anyone would fabricate all this, until I hit a point where it was like the straw that finally broke the camel’s back. I just realized this whole thing was an illusion. And once I did that everything, all the inconsistencies, made sense to me. Some of the conclusion I drew.
1) He could not trade live profitable, because he cannot trade profitable,
2) His amazing videos (as I documented) were replay not live,
3) His Blog results were faked, which is why they were so amazing,
4) He had to get a student on mic because he could not trade profitable, he needed the time to fake his trades, plus he could call out winners in hindsight to impress the trials to join,
5) His one on one trading was so amazing because he was looking at the chart and he knew exactly what the market was going to do.
This explained why his student failure rate is higher than if you just bought a day trading book and studied it.
And believe me this was not easy to accept. After all, what kind of person would do this and why? Did he get so hooked on the money or was it an ego thing. I have no idea.
And as I said coming to the realization for me was painful. I had been ripped off by others selling courses and trading rooms. Here I was being ripped off again and now I have to start all over again after wasting thousands of hours studying this method. As I posted previous I just eventually came to the realization there was just nothing to get. Ed may have helped some people. In fact some of the members seemed to be trading profitable before they even joined. So maybe Ed helped them with the psychological aspects. I can only express my experience.
Just one final thought. No one innocent responds the why Ed did. Someone in the room stated they were calling him a fraud on BM and asked him to show his DOM. He refused and closed the room. Now he has hidden everything and closed the blog. What innocent person does this?
As many have posted here there were easy ways he could have come out and showed he was a real trader. One person even offered to shave his head. Ed all you had to do was pick a market and put your DOM up where we can see it. The DOM should say $0. Now just trade what you see for the next couple of hours. Don't move your DOM or stop the recorder. You should be up at least 100 ticks within a couple of hours, just like you've done every day for the past several years. And BTW your original blog stated you can watch over my shoulder as I trade so I think that is a pretty reasonable request.
In addition he might be able to get his broker to provide a statement that his trades were executed as he showed. You know in the room he repeatedly stated he trades live.
To me this would be like you hire a contractor to build a sun room and he says he has done 100’s of sun rooms and then you ask for 3 references and instead of giving you those reference, he changes his number and closes his business.
I talk to fellow members and I know even now there are still a few members that defend him. Each person has to evaluate the facts and come to their own conclusion.
I am wondering if his weekly log of the 71-2 week will re-appear inside, will the 6k day with 2 small loses, are they gone for good.
I like how Ed totally changed his site and trading room once we pointed out what he was doing and really the biggest thing was HOW.
This will just show he will never be able to become a NFA member, since we still have all those logs.
Once a newbie reads this and if they give him a second thought then they deserve to have their money separated from themselves.
When you pay for a trader to teach you his profitable way, just because they can talk and chew gum in market replay doesn’t mean they can trade for a living.
Looks like lil Gordon12 hasn’t understood that….yet, that’s understandable. Gordon12, it was not us who misrepresented Ed, clearly it was Ed who wanted to become larger than life in his world. If you want to trust your trading life to such a person as that then good luck.
Sooner than later everyone finds the truth about that. Mainly its after a lot of money is spent before they see the truth. For most it comes much too late.
The last post Ed made was a defiant “Absolutely Not” which he later deleted.
See the jpg from his now deleted web page. The top box for me it pretty much says all it needs to say, well at least for me.