I think this is why we consider shelling out the $5k. To get some insite into whats choppy, whats good, whats bad. Maybe they have an answer for everything...maybe they dont.
Some people teach because they have a passion for teaching. Some teach because it solidifies thier skills and thoughts on the system over and over. Some teach for money. There are TONS of trading systems for sale. If I was a great trader and thought I could make another 50k a year teaching or selling a book - why not do it? Its capitalism. They take the signals into the live market in the free seminar and online everyday. You cannot really ask for more than that. Nothing is 100%, but some of thier traders are 70% and 80%. Considering you can trade very well at 50% accuracy with decent money management - I would say some of this bashing is uncalled for.
I have seen Traders International for the last couple of years. I would never buy thier trading method. They don't even trade thier own money. Why would I buy something they don't use. Now, they do have live data which they comment on... But who cares...! After going to the NY Trade show, there were about 2 other companies I saw just like them. They all claim to trade live. www.dtitrader.com www.ftacademy.com Now DTI showed live trades with real money. FTA gives a free trial to watch them put in trade and see there P&L. Who would you want to learn from? Maybe we should get all three together at a show and have them trade live with real money with an audience watching.
Side note: AT the NY Trade show, during the Traders International presentation, they still were showing charts from 2002 What does that tell you
Dow Mini today 35 points Short - 9:53 central time - thats a 2005 chart. Are you actually suggesting thier method only worked in 2002? I would guess thier presentation has not been updated for some lazy reason.
what i am saying that hindsight will always show good trades I can show all the trades you want that were winners. Just cause you have a long listed and the chart shows two points doesn't mean jack... Limit orders are not always filled, and with market orders you can't tell the price because of slippage.
The astute trader would not pay $5K to get stuff that everybody knows about and most people lose money with.
I have heard recently that they charge $200 per month to keep on after the 6-month support period is over but if you sign up to be a "reference" you get to be in the room for free.
If looking at a live chart and taking the signal they showed me and it putting money in my account is PR - then I guess I am a PR guy. Ill be a PR guy all the way to the bank. Nighty Night.