Big Mike Trading on Ripoff Report

There is this site called Ripoff Report. It is a site where questionable online and not only online business practices are reported. Along with the companies that engage in these practices. In other words, these are primarily public complaints on various businesses with more or less crappy business manners. At least, that’s the idea behind the site that has been around since 1998 and hence it has built some credibility.


(Click on this or any other image on this blog to see them in greater detail.)

It’s not obvious, though, how much credibility individual complaints should be given, but it seems very reasonable to assume that the companies mentioned in the reports are doing something wrong, not to mention that those reports amount to a really bad PR for them. No company that cares about its reputation should remain indifferent to negative reports posted on what seems to be a very popular site run by the people who brand themselves as consumer advocates. At the very least, the businesses named in the complaints should publicly respond to them. There is indeed a form provided on the site to file a rebuttal.

We checked if the Big Mike Trading forum is mentioned on that site. Sure enough, there are 2 complaints. Not a shocker at all considering how sleazy that forum is. It’s actually not a forum but a vendor business operating under a facade of a trading forum, which makes it more questionable than most vendor businesses that operate quite openly as such.


The complaints on this so-called business run by a recidivist Texan loser come from two companies, two trading vendors: Puretick and Oil Trading Company. Let us say right away that we do not endorse any vendors here and we would not be inclined to do business with about 99% of them, so the fact that we mention these two vendors here should not be seen as anything but just factual reporting on the matter at hand.

But that is not to say that these two vendors are not right. They are absolutely right, especially from an ethical point of view. Their complaints are totally legitimate and they portray the nature of the Big Mike Trading forum very well indeed.

What has been Big Mike’s response? Well, none, so far, even months after the reports filing dates.

More precisely, instead of the proper rebuttal, Big Mike chose to use his trusted tools (his members), as he often does to manipulate the Elitetrader forum, for instance. Some of these willing, pathetic tools could easily be his paid shills. We suspect that some posters on the site do work for him. Or perhaps they found in Big Mike that father figure they had been missing all their lives, which, needless to say, is infinitely creepier than just being a paid shill.

Big Mike’s failure to respond properly to these complaints does not surprise us at all. It’s very typical of sociopaths to use others to do their bidding. That’s one more example of that.

Still, while we have been very suspicious of Big Mike and his business for over 3 years now, even we could not anticipate to come across this little gem that alleges that Big Mike is an extortionist (see the next image). Yes, that’s right! Now, that’s really big. No, we take it back. It’s huge! It also shows how careless, thoughtless, and reckless a sociopath can be.


Let us add a standard disclaimer that we really don’t know if this allegation is true. However, considering its gravity and the fact that Big Mike has not rebutted it, it stands to reason that it really is true. In any case, we are simply reporting what is said on a reputable site and what has yet to be denied by the party accused of this act of extortion. Moreover, let us not forget that Big Mike got recently sued, which shows how far he can go in flouting  the law and even flaunting this fact through his site as if no publicity was really a bad one.  And if it were not enough, he can even use it as an opportunity for another questionable action, a blatant scam of funding his legal coffers under false pretenses.

Let us mention one more post about the Big Mike Trading forum from the Ripoff Report site written by someone pretty familiar with that forum and as critical of it as we are. We must admit that we were not aware of Big Mike’s call to his faithful followers to manipulate the Internet in Big Mike’s favor, but what this author states (see the first of the next 3 images below) is, sadly, eerily typical of Big Mike and his sociopathic personality that we elaborated on in our last article. It also perfectly confirms our opinion about this twisted, sleazy Texan loser. Still, unless you are a sociopath, you are very likely to find it disturbing.




The other two parts of this eloquent and elaborate article by ES Trader are no less telling. We applaud him for his integrity. It is indeed a sad reflection on the modern world that so few people are willing to stand up against Big Mike, but those who do, truly stand out!


Big Mike or let’s talk about sociopaths

That Big Mike, the owner of the Big Mike Trading forum, is a sociopath should be obvious to everyone with half a brain who has read our previous posts dedicated to this loser and his dubious enterprise of sleaze, smear, and glorified piracy (or knock-off peddling) that can pass for a business only in the state of Texas known largely for its fabulous long-farting cows and the rednecks who find these farts as alluring as if they were siren calls.

But let us strengthen our case and talk a little more about traits typical of sociopaths so that you can see our point more clearly still.

One of them, perhaps most telling, and certainly the easiest to spot, is the sense of self-importance or even the delusions of grandeur that sociopaths exhibit. How hard are they to spot in Big Mike and his business? Not hard at all. His forum is “fundamentally different” and “the best trading community on the planet” (no kidding at all!).



(Click on the above images or any other image on this blog to see them in greater detail.)

That’s way more bombastic than you can see on many sites out there, and obviously, there is nothing about this forum that would back up this grandeur claims. They ring utterly hollow.

A forum run by a repeat loser that panders to the least intelligent (smart people are either banned there in no time or leave convinced there is no point in being part of it) can hardly impress. A forum that denigrates vendors or promotes stealing from them is fundamentally different from other forums in only one way: by being more legally questionable than most, which explains also why it is the only trading forum we know of that got sued, the fact we mentioned on this site on another occasion. That’s hardly something to impress either, unless you are a criminal.

Another thing that characterizes the sociopath is his manipulative nature. Big Mike offers a real case study in this respect. For starters, this guy is a pathological lair. He lies even in his forum’s Terms of Service (TOS), which is supposed to be a legally binding document. Or, at least, he wants you to abide by it.

A good example of it is where he claims that all vendors are treated on his forum the same way, implying basic fairness. That is a blatant balderdash, if there ever was one. If that were the case, his and our favorite German douchebag, Harald Steinhaus (Fat Tails) would have been banned from that forum on multiple counts and a long time ago too. Hence, Big Mike is either lying about that or he is lying about following the forums rules.

Either way he is lying, and in fact he is lying in both ways: the vendors are treated there as it suits him and he violates the forum rules as it suits him too. The rules are there to abuse and to manipulate the forum to his likes. If you don’t like it, if you question any of his abuses or his dubious wisdom in general, you get banned. Banning people, which is very common there, and, what happens often too, expunging their posts is how the manipulation really happens. What remains is what suits his agenda and not the result of the free expression his forum claims to defend.

Not only does he claim to be a defender of free speech, but he uses this claim to justify soliciting money for his legal defense fund. That’s a scam, as we pointed out recently for he is asking for money under false pretenses. That’s an act of manipulation too. The free speech on his forum is a myth, to put it charitably. It is rather natural for sociopaths to engage in scams. They gravitate towards them, may even feel attracted to them, just like the moths feel attracted to the light. For two reasons, at the very least. One is their manipulative nature and the other is their love for a risky, dangerous behavior, another trait quite common among sociopaths. Let us remind you that Big Mike blew not one, but two of his trading accounts, which is a pretty good indication that this guy’s behavior is seriously on a risky side.

Yet another trait that distinguishes sociopaths from ordinary mortals is their penchant for taking credit for the work done by others. Big Mike stands out in this respect too. He is the only vendor who charges $100 for the work that is not his, and that, in most cases, can be obtained free, such as the free indicators created by other vendors. To most people this would be reprehensible, but not to the parasites like Big Mike, and, apparently, not to many of his dimwitted, unscrupulous followers who may even think that they are getting a good deal by participating in Big Mike’s knock-off peddling. And that’s yet another way he takes advantage of the work of other people, except that it’s much more questionable, also from a legal point of view.

Last, but not the least, sociopaths tend to be paranoid. We imagine we too would be if we had so much to hide (all the manipulation, for instance). Big Mike’s paranoia manifests itself in two principal ways: accusing others of doing things they deny while providing no support for his claims and expunging the posts that contain an inconvenient truth usually after previously banning their authors.

Let us sum up these traits of sociopaths for your take away message. Here they are:

1. self-importance and delusions of grandeur,
2. mendacity and manipulativeness,
3. reckless behavior,
4. taking advantage of others,
5. paranoia.

We plan to return to this issue, maybe even more than once, as there is plenty to talk about yet. Big Mike seems to be a clinical case of a sociopath definitely worth further exploration.

New articles coming soon!

We are now working on a few new posts to be published here over this summer, maybe even sooner. We usually work on a few at a time if they happen to be related and this is often  the case.

Expect at least 3 more new articles by the end of the summer, and perhaps some more later this year.

Please consider following us on Twitter and spreading the word about us. We follow everyone back! Our Twitter feed is easy to remember:

Moreover, unlike Big Mikes of this world, we have no plans of the world domination nor do we peddle anything here. No “elite” section will ever be offered here and you will never have to pay us for free indicators because we don’t plan to sell anything. Ever!

We also don’t “plan” on having too many Twitter followers. Yes, you can actually “plan” this and you can have as many of them as you, well, “planned.” To put it in a less sophisticated manner, you just buy them. It’s old-fashioned manipulation, if you use this to enhance your guru image or for similar purposes, and it’s a topic this blog covers often.

We may talk about how trading vendors, and marketers in general, manipulate search engines and social media, which in turn influences search engines, in one of our future articles.

Meanwhile, you may as well check out this article:

Thanks and come back!