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Would not give bam bam or any other system whereby he changes his name one penny.
A convicted con-man remains a convicted con-man. There are a few, like Frank Abagnale who turned his life around and now contributes to society, but 99% of them remain crooks.
Here is the thing about "auto systems" that trade for you so you do not have to do a thing.
If you developed such a system, why on earth would you sell it for $3,000?
The standard answer is "so you can help the poor slob who can't afford to pay more.
Big time trading is the realm of some very big amounts of capital.
Why sell a Holy Grail system to some poor newbie when there are whales willing to pay a Million Dollars for such a system.
If you have such as system that you bought for a few thousand dollars, and it makes you consistent money, LET ME KNOW ASAP.
I will pay you a Million bucks for it tomorrow. And if I get hit with "too many" Holy Grail offers I know a few big time institutional money people who will pay you truly big money for such a system.
Every fund manager I know would not look twice at something that has been offered for peanuts. They will think Scam immediately.
TB
It is in poor taste (And may very well be a violation of forum rules though certainly etiquette) for one vendor to comment on the veracity of another vendor unless perhaps the former is privy to unique information which upon it's disclosure will serve the public (trading community) good; OR unless the later has somehow publicly maligned the former it would then seem appropriate for the insulted party to respectfully defend themselves.
Ok, so I had a bit of fun with the above semi-legalese ( no Latin words or phrases so not full blown legalese imo, in case you are wondering) nevertheless I believe my stance is the correct one.
I hope I am not accused of playing baby moderator, I just did not like
what I was seeing irrespective of the presupposed guilt of any party. Though if the second half of the above applies then I am sorry for my lecturing tone.
I have no relationship with any trading/investing related vendor.
Done and done. Though my initial comment stands irrespective of what a moderator decides to do, just think thru the ramifications
of your post were it allowed to exist, we would have vendor on vendor flame-wars without end, most of these kinds of posts would assuredly be in contradiction to the ethos of this fine forum, apart from smacking of self-interest.
There is more than enough vendor deception transpiring in this business, why create another problem ?
Done again.
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Edited several times for grammar/punctuation/stylistic components .
To me it depends on the severity of the crime. For instance, if a broker comingles his funds with that of his client, but for good reason (In a moral sense), then I personally believe this broker should be allowed to work in the financial industry though if the broker in question has tried to embezzle client funds then he or she should be banned for life or at least a good long time.
It happens all of the time. I knew of a guy (I parted ways with him many years ago) that got booted off a number of exchanges and fined numerous times. I was going to post some links about him but that would be too off-topic for this thread.
Anyway, he went on to become an "entrepreneur", essentially creating 'in vogue' tech startup companies, securing millions of dollars of funding, creaming as much money off of the top and then folding the company. All this within the bounds of the thick grey line of law that these kinds of people tend to walk on.
You just need to Google his name and all of his wrongdoings are on the first page, but how many investors do you think did that? Slim to none.
So, if these kinds of people fall foul in one capacity, they'll just pop up somewhere else with a twist on the original. It is too easy to do and happens all of the time.
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- Trade what you see. Invest in what you believe -
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