I have been a member of the IOAMT room in the past (I am no longer in there). I have been through many trading approaches of his. I have come to 1 conclusion. He is not a very profitable trader. Most people in the room usually claim they are making money, but that is because nobody wants to admit how poorly they are doing.
Billy is a good salesman. That is about all he is good at.
His Money management involves scaling in, which is both an irresponsible way to trade, especially for new traders. Scaling in is good for someone teaching a room, because it can make them appear right more often than wrong, but it can be the source of blowing accounts, etc.
He is also has a high ego, tries to make you believe he has all the answers, and can lead you down many wrong paths. Every other day, he has a new "idea" that he uses for a month or so, before he moves on to the next best thing.
He is also unclear in the room about entries, how he exits (when he is filled on multiple levels), and he sometimes claims he gets out of trades that you know is almost impossible.
Honestly I think traders should stay away from this room. If you must us a trading room. Use someone with discipline, someone that sticks to their entries and exits, and someone that is clear always.
One other note, I know traders that sat next to him live, only to see him churn his account, never making any money over long periods of time.
Again he is a good salesman, but ask anyone in detail. Does anyone know he makes money trading? Does anyone make consistant money following his trades?
I invite responses...
-MPETrader