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PlinytheTrader
Registered: Nov 2011
Posts: 69 |
06-12-12 10:41 PM
Quote from 1a2b3cppp:
You can also end up not spending any money but wasting a ton of your time trying to make sense out of some of the over-complex nonsense "systems" people have posted here over the years.
It depends on how much your time is worth. I do enjoy occasionally reading some of the "systems" or journals on ET, but only for entertainment purposes. Nothing beats some self proclaimed guru starting a journal and spewing paragraph after paragraph of senseless self propaganda, only to have their account lose 50% by the 3rd page of their journal.
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BlueTurtle
Registered: Feb 2012
Posts: 554 |
06-12-12 10:44 PM
Quote from PlinytheTrader:
It depends on how much your time is worth. I do enjoy occasionally reading some of the "systems" or journals on ET, but only for entertainment purposes. Nothing beats some self proclaimed guru starting a journal and spewing paragraph after paragraph of senseless self propaganda, only to have their account lose 50% by the 3rd page of their journal.
if a real guru, they would NEVER reveal the true loss in the journal.
I would simply say that some emergency came up and the system didn't trade that day.
Or they actually were (position) in this stock and made well more than any loss people think they might have taken.
first ask for a picture of their house.
then of their car
and keep going until they get so mad they have thrown their computer out the window and can't log-in.
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Ol' Yella
Registered: Jul 2012
Posts: 200 |
09-11-12 11:08 PM
Better watch out for people who claim to make live calls! Some will cheat! For example calling entries but not always calling the exit when it goes against him. But always gloats for hours/days when he does get a good call. There was a guy on TOS who would do that--he'd have a couple of losses in a row then the 3rd trade starts going against him and he disappears. Then he reappears a half hour later announcing a profitable exit for a trade he never announced the entry for. Also after a good day there'd be a flowery gloating email recapping the days successes, but after bad days there would be nothing!
LOL
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BlueTurtle
Registered: Feb 2012
Posts: 554 |
09-11-12 11:51 PM
Quote from Ol' Yella:
Better watch out for people who claim to make live calls! Some will cheat! For example calling entries but not always calling the exit when it goes against him. But always gloats for hours/days when he does get a good call. There was a guy on TOS who would do that--he'd have a couple of losses in a row then the 3rd trade starts going against him and he disappears. Then he reappears a half hour later announcing a profitable exit for a trade he never announced the entry for. Also after a good day there'd be a flowery gloating email recapping the days successes, but after bad days there would be nothing!
LOL
of course. their job is to make money and be looked upon favorably. why shoot yourself in the foot if you can somehow escape that. your boss would rather you get their money at all costs, since nobody is going to sue. if i was doing a class and trying to sell it for $1,000, of course you do all the games. buy ES and sell NQ and then only look at the one that worked.
unless it's total disclosure, you are being lied to. they would rather talk to you for 100 hours then show statements. throw 100 people into a seminar, sell maybe 5, get their money, and then who cares if they lose it all. if they win, get a testimonial. if lose, tell them it was their fault and sell them more stuff until they have no money. this is a game of selling!!!
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1a2b3cppp
Registered: Sep 2008
Posts: 2535 |
09-13-12 05:47 PM
Quote from BlueTurtle:
of course. their job is to make money and be looked upon favorably. why shoot yourself in the foot if you can somehow escape that. your boss would rather you get their money at all costs, since nobody is going to sue. if i was doing a class and trying to sell it for $1,000, of course you do all the games. buy ES and sell NQ and then only look at the one that worked.
unless it's total disclosure, you are being lied to. they would rather talk to you for 100 hours then show statements. throw 100 people into a seminar, sell maybe 5, get their money, and then who cares if they lose it all. if they win, get a testimonial. if lose, tell them it was their fault and sell them more stuff until they have no money. this is a game of selling!!!
You understand "get rich" marketing very well.
Same thing happens with those guys who sell real estate investing courses. Do you know how they made their millions? Hint: it wasn't from real estate investing (the thing which they claim to be experts at).
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