* You are a forex brokerage that lures small accounts with enticing promises of huge leverage;
* You are a "prop firm" that requires traders to pay big bucks to join, drastically limit the size that can be traded, charge ridiculous commissions to traders, and toss traders (or ask for more money) when you've milked them dry;
* You are a trading guru that touts your trading prowess (with no evidence of success), but offer nothing more than off-the-shelf technical "setups" that are readily available in the public domain;
* You are a trading coach that promises success without offering substantive trading guidance (and without showing evidence of substantive trading knowledge);
* You are a brokerage house that executes a fixed income trade for me and then busts the trade and offers the same trade now at a much worse price (yes, this happened to me this past week);
* You sell inferior trading software with breathless promises and faulty logic;
* You offer seminars that offer nothing but infomercial sales pitches to attendees;
All of you have solicited my partnership and support in the past month.
Go f*** yourselves.
.
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87 comments:
Nice.....I like it....This might be the years best post !!
Perhaps the years best post !! lol !
heh heh
Your best post ever IMO. Please include names of these "whores".
AWESOME POST!
Boy somebody ticked you off. Very few people have the balls to say what you said but I am sure alot of people deserve it.
One of the best posts this week!! LMAO
oo, I like that...my man, now you are talking...
Dr. Steenbarger,
Fuck those whores!
Feel better now? I do!
Best trading, many thanks for keeping it real,
Jorge
PS: (Sorry, no asterisks - hey, I'm European)
Why don't you tell them how you really feel? As always, GREAT post Dr. Brett! Thanks!
brett..what can i say..perfection
You're one cool nerd!
Love the bluntness!
The Good Doctor:
That is one of the reasons I enjoy and read your blog religiously...
thanks
Dave
Well said Dr Brett, your integrity and insights is what keeps me coming back daily!
Sometimes you just have to tell it like it is. Thanks;)
Wow! It's nice to see you show some emotion every now and then! Best of luck warding off all the crooks!
the internet is full of stock related cheats, books that point to paid sites, chats that are run by paid pumpers,methods that are for daytrading when you paid for an EOD system, remember this though if you can prove that you were cheated, you did not get as advertised, save all correspondence, report the offender to your FRAUD department of your credit card company, they will get your money back.
Not pulling any punches!
DJF
My condolences. One of the prices of being well known and having a great rep on the web.
Dear Doctor, Amen to that!
I fell for one of that seminars which turn out to be 100% sale pitches for the next level which was more expensive. Learned only one thing from it: watch out for the crooks!
Hahahaha......love it!
wow.
you must be very pissed to talk like that.
Easy doc. Life´s short.
LMAO! Go get them! Persistent buggers! Thanks for your hard work! Best SSK
Well, it's good to know that the same guy who posts such insightful things can "work blue" when he needs to....
Haha love your work Brett!!
Beautiful!
Sadly, you've probably described about 95% of the offerings.
keep up the great work Brett. It is a priviledge to be able to visit and learn from someone with very high standards for the content presented here.
Brett ~
Don't hold back, let us know how you feel!
And why do I feel like I've met these guys?
Adam
I love you.
They are disgusting. It's great to show that they are.
I couldn't agree more Brett. Life's too short to side with those who'd rather sell their soul for a dollar than do something of real worth.
Now what sought of desperate post is this??? It offers nothing to the reader, no names, it could be about 1 of 100 companies out there??? Really I think this blog should be taken off of Finvis?????
Right on!
Hee, Hee. Nice, Dr. Brett. Very nice...
Dr. Steenbarger, thanks, as always, for an informative article about some of the things that brokers are capable of doing. I could not even imagine these shenanigans!
In light of the above, I have been very fortunate to be with Interactive Brokers. I have done hundreds of trades with them and never had to need to even talk with them on the phone, so far!
Way to go!
right on Doc. right on
Such an outastanding post I can't tell you. Thanks for telling the truth and being selective with your partnerships.
Great post Doc, you are the man. And since probably none of these rats are going to post a comment, I would take this free space as an opportunity to thank you for your honesty and integrity and for all the time and energy you spend in this blog.
Also I am also going to post this link where all your readers can find the VWAP indicator in real time for free. http://www.freestockcharts.com/
Everybody make sure that the Microsoft plug in called “silverlight” is installed in your computer and enjoy.
Thank you very much doctor.
cheers!!!
LOL
I agree, these firms make more money from us then they ever will trading for themselves.
Right F******g On!!
Holy moly! True or not, that's fairly uncharacteristic of you. Did someone hack your blog today or something? Yikes.
Hilarious post. And I believe it comes from the heart.
One thing I have always felt when reading this blog is that I can trust what I read. The highest integrity is maintained at all times. And content-wise this is probably the most generous blog Ive ever seen.
Best post. Ever.
Just remember that there are good people like you out there to balance things out, Doc.
Wow. Surprised to see you get emotional. I really enjoy your books and it's good to see you show that human side. :)
Go get em! Nothing finer on the web for trading knowledge than trader feed. They can't hold your jock strap. I have seen steady impovements thanks to you.
Like your message.
I hope you really respond to their offers that way.
Warning!
Good Dog.
But Will Bite.
Dr. Brett, could you please expand on "a fixed income trade for me and then busts the trade and offers the same trade now at a much worse price?"
wow ......
What happened?
BRAVO...I couldn't have said it better!!!
Sweet~
Brett, i´ve been thinking to my self why so many hoax folks come into markets not to trade, but to teach poorly common crap.
Of course, trading is far more harder than manipulating people.
I´ve just set some Rage Against The Machine with your post.. and it was a helluva of entry point!
you´ve rocked, my man.
keep it coming
dr brett: as a frequent contributor to all the "institutions mentioned in your article, i can assure you that without names given they will continue to flourish. with or without your help.
as someon with some legal background. i can tell you "truth" is an absolute defense. check with your lawyers.
as a practical person, i can only agree with the chosen format. sadly, once more, they prevail.
on a separate note, could you publish how you calculate your daily levels?. i find them very helpful, i'm sure i'm not alone.
Awesome Post !!!! You go !!!
Nice !!
Love it :)
You just get better and better (if that is possible)
Dear Brett, G'day
I have been swamped with my trading & work. I accept your facts. But I couldn't believe those words that you used. It simply shows your attitude. I'm sorry to be very blunt with you. I choose not to sugar coat my words. But I still remember your great posts. I just remembering the Tom Hanks in Forrest Gump when he left his fellow runner in the middle of the street, I was the only one laughing in the cinema hall. You are a great man, and please be yourself. When you lose your innocense, the intelligence disappears.
Be you, Be Awesome
Raj, DreamJOBZ
Dr. Brett rocks!
Dr. B rocks!
Well said, these parasites inflict plenty of damage on their victims
Hahaha, I love it when you go on rants :)
The people mentioned totally deserve it and account for the bad reputation of traders.
Hell, yeah, Dr. B!
Other than obviously striking a nerve with many traders, the take-away public service message here...
"Warning Will Robinson"
Thanks for a great post. The sharks are out there...buyer beware.
Brett, you have said in a few choosen words what a group of traders could not say in 2116 posts about an unscrupulous marketeer, coach and broker. He is still sucking in newbie futures traders and emptying their accounts. Thank you!
http://www.fadethetrade.com/
(I realize you will remove the URL, but thought it might be of interest.
F*** YEA. I like it. Over my currently short 4 years of teaching myself to trade, I have experienced many of these and had to find out the hard way. All part of the learning process I guess. Wall Street: Devour to survive, so it is and so its always been. There are very few legit, honest sources of information in this industry; thank you for being one of them.
You are the man Dr Brett!
I didn't know you could swear.
Disturbing post. Doesn't rise above the behavior you describe. You can do better.
Dr. Steenberger - we need a follow-up post...wtf happened??
I'll be honest, I was shocked at first, and not quite sure if/how to react. I slept on it. This morning, the amazing list of comments is fabulous, and so many of these are so applicable and appropriate. Well done to stand up and be heard, seems like there are many of us that agree wholeheartedly with you. As always, splendid work.
Brutal honesty, public service, venting, courage...all in one concise post.
A beautiful assault on political correctness - LOVE IT.
charleS
amen.
You are human ...so, sometimes, we need to vent. Thanks for giving us the privilege to share your venting.
It's been said that 95% of people who begin trading drop out again after losing all their money or giving up in frustration. I think those statistics, if true, are a direct result of the rapacious predation practiced on all the innocent novice traders by all the unethical schools, tipsters, pumpers, prop shops, and every variety of cheap whore that you mention and more.
None of the schools will ever admit that only 5% of their graduates will ever be profitable. And the ones who are profitable probably do NOT owe it to the school.
The ongoing slaughter of innocent novice traders reminds me of one of those nature shows that illustrate how the local predators will hang around the nests and pick off the nestlings as they hatch, leaving only a few survivors.
I salute you, Dr. Brett: one of the few mentors that seems to truly care about truly educating and uplifting your followers. I hope the brief mention you made last year regarding "What would be an ideal training program for new traders?" will someday result in the formation of a school that will teach trading as true career, in all the many facets required for success.
Defiantly don’t follow someone with no track Record who is just out to sell seminars and trading courses...
Milking dry foolish trading shops and traders... with nonsense and useless hind-site Indicators.
Go Brett!
Dr. Steenberger,
AMEN
I am a self employed new trader ( 1 year 2 months) and have attended so many dubious sales pitches ( did not fell for any sales pitch yet) that I almost gave up till I found your blog by luck and start trading with thinkorswim ( thier educational service is EXCELLENT).
I wish you will start a training program for traders like me.
Best Regards,
Tariq Malik
Hopkinton, MA
Great post. I would like to see a top 10 list that gets updated monthly.
I've been away from the markets (and your blog) for couple of weeks, so I just read this.
Very needed.
Thank you Doc, for being an integrous psychologist and trader. It helps the rest of us succeed as well, which in turn I'm sure makes your work and effort very meaningful and rewarding.
Keep callin' it like you see it, Dr. Brett. That's why I read you, and why I bought your trader coaching book. Good stuff!
Way to go Doc! Thank you for keeping it real in your blog!
Gustavo
3 Letters...L O L
BRAVO
...let me quickly check if I have not solicited your business last month...
LMAO! +1000
I couldn't of said it better myself. +1
AMEN BROTHER!
My stomach muscles are now sore with laughter. My cheeks are close to it too.
We're going to miss your style Brett.
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