1. Explain how making 20 ES points a day is really easy, using past charts and showing where you would have bought and sold.
2. Tell everyone that everyone else likely blew up trading because they are dumb, and not following your method
3. Explain how trading is hard, yet easy, and will let you live the life you wanted.
4. Tell them you spent 10,000 hours looking at charts, and that must be worth something.
5. Tell them you don't like systems, yet your simple way of trading is like a system and can be used to trade anything on any time frame.
6. Give them guarantees on your performance, but make it very hard to really understand so you win no matter what.
7. Tell them you have traded everything and have tons of money, but really only teach because you like people.
8. Make them think your special cost will run out very soon and you will never offer this crap every again.
9. Tell them you will teach them stuff nobody has every taught them, and it will be 10 hours of some of the best stuff they ever seen -- totally new!!
10. Most important: NEVER, NEVER, NEVER show them an audited Profit and Loss statement for the last year or more. Tell them how un-important making money really is, since they won't have the exact losses, errr..i mean wins... as you. Make it seem like you don't really need the money, but keep begging... err..asking.. for their money. Then use their money to open up a trading account.
LOL
-------------------------------
If you think some clown on the internet can teach you how to trade, you might as well send me 10,000 immediately.
There is a reason prop traders from Goldman don't sit around and market their skills.
LOL
Holy cow Batman!
I just took a free 3 day seminar by Markus Heikotter of RockWell Trading and he mentioned almost all the points above.
He traded sim for 3 days,lost money on 2 days and made money 1 day on 1 lot ES,still down by about 150$ overall-blamed the market conditions for losing trades and urged all of us to buy the Easter Egg DVD course as it would be a good investment as it is on sale for limited time only.
Wish I had seen this thread above and saved 3 days of 2 hours sitting through a subtle sales pitch by some guru.
I just took a free 3 day seminar by Markus Heikotter of RockWell Trading and he mentioned almost all the points above.
He traded sim for 3 days,lost money on 2 days and made money 1 day on 1 lot ES,still down by about 150$ overall-blamed the market conditions for losing trades and urged all of us to buy the Easter Egg DVD course as it would be a good investment as it is on sale for limited time only.
Wish I had seen this thread above and saved 3 days of 2 hours sitting through a subtle sales pitch by some guru.
Cheers,
Max
You do know the real identity of the thread starter (TheBestGuruEver) ???
I'll give you a big hint...some of EliteTrader.com's biggest vendor bashers are vendors, gurus themselves and/or spammers at other forums (seriously).
The issue is not that they are a vendor or guru...the issue is that they are bashing others for the same thing.
Edit: Out of curiosity, would you have been less offended (not wasted 3 days of your life) had they lied and said it was real money and the trading day resulted in a profit considering you attended the seminar on your own free will ?
I don't know who or why this thread was started but the guruism rules put here are kind of useful.
The mentioned characteristics will be easy to detect when anyone starts their guru behavior.
Cheers,
Max
Max,
I edited my question while you were responding, sorry about that.
Edit: Out of curiosity, would you have been less offended (not wasted 3 days of your life) had they lied and said it was real money and the trading day resulted in a profit considering you attended the free seminar on your own free will ?
With that said, most gurus are giving it away for free via sharing their advice, journals, trades, methods, trading tips, resources, tools etc cetera...easily noticeable via the many threads here at ET in the sections call Journals, Technical Analysis, Strategy Trading and so on...without asking for a single penny in return because they're not vendors.
My point is that just because someone is a guru doesn't imply they are a vendor. Also, just because it's free...it can still be a waste of time (seminar, articles, library books, forums and so on) or just as harmful if applied considering 98% of these types of free gurus do not provide any verifiable proof...similar to the fee-base vendors.
I'm 16 and I had this guy rant for 50 minutes on skype how he could help me SO much, but he would need monetary compensation. If you're so great at the market, why do you need to scam a teenager?
lol.
your not even allowed to have a stock account until 18
and futures accounts until 21
what was he thinking 16 year old have no money this guru has much to learn...
I edited my question while you were responding, sorry about that.
Edit: Out of curiosity, would you have been less offended (not wasted 3 days of your life) had they lied and said it was real money and the trading day resulted in a profit considering you attended the free seminar on your own free will ?
With that said, most gurus are giving it away for free via sharing their advice, journals, trades, methods, trading tips, resources, tools etc cetera...easily noticeable via the many threads here at ET in the sections call Journals, Technical Analysis, Strategy Trading and so on...without asking for a single penny in return because they're not vendors.
My point is that just because someone is a guru doesn't imply they are a vendor. Also, just because it's free...it can still be a waste of time (seminar, articles, library books, forums and so on) or just as harmful if applied considering 98% of these types of free gurus do not provide any verifiable proof...similar to the fee-base vendors.
Mark
Well,it was mentioned on first day that most probably trades will be with real money on final day,no guarantees but sure to get anyone who is attending a free seminar to get hooked onto.
What I certainly did not feel right was that after losing money,he mentioned that "market is all crap right now" and even worse turned towards the broker representative(the firm who sponsored the seminar) and asked his opinion convincing him to agree with his views.
Other lame ass attitude was that after being whacked around in ranging market and remaining short on a breakout thereby losing about 4 ticks of sim money,he assured the viewers "we did good,right? It is very difficult to make money in this kind of market" - his exact words.
By the way Mark,common sense now tells me that those who make decent coin with real money don't really advertise much asking others to take a look at what they do.
I had read Heikotter's complete guide to daytrading book which was of zero depth technically and covered basics but still found ok for someone totally new.
I really had an opinion that Heikotter was an ok trader,a guru maybe and hence attended the seminar but I left with my opinion completely changed.
So no,I would not have been less offended even if they traded real money because I find it disgusting that someone who claims to have been trading from 1996 still blames the market after getting hammered with a 3 tick target and 7 tick stop strategy claiming its an extremely high win strategy even if it seems "counter intuitive".
Trades taken with so called strategy lost money overall but still it was because of the crap market excuse.
Out of curiosity - are you a vendor or guru too Mark?
