John A.
I would avoid.
I am a very successful day trader, but not because of the BBT "community" Frist, let me make clear that, contrary to the other reviews, Andrew is a very successful trader and is totally transparent. I have no idea what the other reviews are talking about when they claim he doesn’t make money daytrading but from his products, because you see him trade whenever he is there. Not sure how often he is in the room at this point, when I did enter the chat, he wasn’t there a lot, but often traveling. But when he is there, you see him win and lose, he doesn’t hide any of it. My problem with BBT is that you can not learn from him. He wrote a book talking about his setups, waiting for volume, and not being tempted in the first 5 minutes, etc. All very good advice. But he follows none of this and he does not trade as he explains in his book, because he is a scalper. He will take 2000 shares of a stock just for 15 cent move, something I can not do. A lot of his trading is based on intuition from watching the market for so many years, and his trades almost never resembled the set ups from his book. I was expecting him to explain his outlook every morning, and then explain what he was looking for at the open, etc. But he just watches the market, then says he is long $MU, and after a small move aggressively takes profit. Like I said, it works for him, but this is only for a small group of people to try, and the vast majority of us neither have the capital or personality to adopt this trading style. You can also not learn from him about trading temperament, which is the most important thing a trader can have. When I was attending the chatroom, he would show up 5 minutes before the market opened, take the other moderators watchlist, and not do any research or anything, or explain his mind set before the open, just trade a one minute ORB and be done for the day. He lives in Vancouver so he had to get up at 5ish to trade the NYSE, so I understand, but it all seemed so unprofessional…plus, there were times Andrew would talk about his drug use in the chatroom. He would “trade high”, either because he just got back from burning man or was micro dosing. He apparently wrote a book on psychedelics but didn't publish it because he didn’t want his name to be associated with drug use. But the vibe in the room didn’t seem right for day trading, like it was not a serious atmosphere. Another issue I had was that, when I joined a long time ago, when you could become a lifetime member for a flat fee..BBT does not offer that anymore, I did so to access their scanners. The way he promoted it was that you get access to his morning scanner which would eventually pay for you membership within a year or two. But then he started a new product and moved his scanner there, and was asking for another payment. When I tried to explain my issue with this, I guy named Ardi Aaziznia wrote back to me in a very condescending and arrogant tone telling me that if I wanted access to the scanner I had to pay for a membership to the new product. I pushed back and told him when I initially joined this is what was promised me, but he just snaped at me and basically told me to get lost. It was after this exchange I just decided to be done with them and decided that if I wanted to learn how to day trade, I had to look somewhere else. I will say that there was one guy named William H Dog who was a wonderful human being and I still remember his kindness to this day, 5 years later. He left but chatting with him was the best experience I had with BBT.