I love the fact that in exposing the fact that Mike Baghdady has
1. Convictions for fraud, unpaid bankruptcy debts (which he got from trading so unsuccessfully),
2. Lied in his advertising (if he wasn't lying in his advertising then he committed perjury pertaining to the court documents filed with Robbins Futures as the two accounts contradict each other),
3. Convinced a load of people to leave their jobs & careers to be underfunded as Turtles (without proper training from Baghdady as he couldn't train them)
4. Used the false advertising claims to convince members of the public to part with £5000+ for his courses & software
5. Was never the head trader at NYBOT (they never had such a position, but he was a non-trading analyst there)
etc etc ad infinitum
Yet LaserTrader, for all his/her wisdom, still thinks that PipsPlease & myself should take the blame for bringing down Baghdady's House of Cards? Well slap my wrist for being such a naughty boy in the face of the Mike Baghdady's open & honest nature....
I think that LaserTrader is being Baghdadyish (a new adjective to add to the lexicon) with the truth by claiming that no-one complained about what they were taught by Baghdady. There were a large number of people who rented desks to trade from the great smeg-hole of the Training Traders office. Very few of them hung around very long because they kept losing money, their software was frequently broken and they decided to give up because it was obvious that Baghdady's methods did not work.
But what do I know? I'm the bad one for pointing all of this out. Surely Training Traders was built on more solid stuff so that a few website postings on a forum would not bring it down? Surely the house that Mike built, with honesty, money and integrity had better foundations than that?
Oh no, that's right, the house of cards, built on a foundation of lies, crumbled, Mike ran off to NYC (but told everyone he was visiting his sick mother in Egypt) and is now telling people that Training Traders fell apart because of PFG, which happened about 4 months later.