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-   -   Anyone subscribe to firsthourtrading.com (http://www.elitetrader.com/vb/showthread.php?t=128194)

scubadia May 30th, 2008 09:37 AM

Anyone subscribe to firsthourtrading.com
 
I'm wondering if anyone has used his service and could provide some feedback?

The guy who runs the service is Manny Backus. He basically walks you through the trade via a chatroom, letting you know when to buy and sell as he is making the trade for himself.

50_Bip May 30th, 2008 09:59 AM

Re: Anyone subscribe to firsthourtrading.com
 
Just do it and let us know how it goes.

Quote:

Quote from scubadia:

I'm wondering if anyone has used his service and could provide some feedback?

The guy who runs the service is Manny Backus. He basically walks you through the trade via a chatroom, letting you know when to buy and sell as he is making the trade for himself.


TraderZones May 30th, 2008 04:07 PM

Re: Anyone subscribe to firsthourtrading.com
 
Quote:

Quote from scubadia:

I'm wondering if anyone has used his service and could provide some feedback?


1) From his website: "FACT: Only 3% of all traders make money consistently in the stock market."

Actually, that is a wild guess. So much for his credibility.

2) His website looks like most of the spam emails I get, trying to sell trading services.

I would bet he spent $10 on buying from EBay "Templates that Sell!!!!"

Just based on this, I would say his mother was a snake oil salesmen and his father was a retard.

There is a saying, that those who can't...teach. Or in this case, hope to drum up enough fresh meat so they can give up their job at Burger King...

We will get to his good points later...

scenic58 Jun 10th, 2008 07:22 AM

I have just taken the 30 day free trial, and will be paper trading it using the TOS platform to see if there is any truth to the claims.

If there is any interest I can post the results here.

austinp Jun 10th, 2008 07:28 AM

<i>"Just based on this, I would say his mother was a snake oil salesmen and his father was a retard.

There is a saying, that those who can't... teach. Or in this case, hope to drum up enough fresh meat so they can give up their job at Burger King..."</i>

Would the easiest path to profitable trading include buying an unproven mechanical system for $250,000.00 from an anonymous chatroom hack?

There is an even older saying that those who can't do OR teach merely settle for bitching the loudest.

zdreg Jun 10th, 2008 07:37 AM

[QUOTE]Quote from austinp:

[B]<i>"Just based on this, I would say his mother was a snake oil salesmen and his father was a retard.

reminds me someone once said to me that his parents were in the iron & steel business:his father irons and his mother steals.


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