again if you are making millions of $$'s every year traidng why: 1) Waste your time showing people 2) Give away your method? PLEASE, do not tell me it will do no harm showing your system..the fact is it will. EVERY method has a life span and the more you tell the shorter that life-span becomes WHY doesn't R.Federer give $20,000+ tennis coaching boot camps then? I mean he could easily make another $1m+ per annum. OH yeah I forgot...those that can..can and those that CAN'T teach.
I love these thread titles. The responses show, both how long it's been since the individuals commenting here have sat in a college classroom or any classroom for that matter. If they have taken ANY course study (not just a trading seminar), whether they stayed awake during that particular class is critical. A wise man said, âAny day that doesnât involve learning is a wasted dayâ. Where do new inroads or advancements come from in any technique, theory or science? They come from the stimulated minds of the participants (students). If the instructor is any good their sole job is to simply lay the groundwork for the student to, at some point, surpass the instructor by taking the information provided by the instructor and advance or improve on it. A good instructor takes the questions and feedback from their students to constantly improve on the content of the material offered. That is THE MAIN reason any one teaches. It improves what is offered as a whole. Under the rational of some posters here, anyone spending money to gain information is a fool. It's ok to spend money on book after book of worthless information but to take a class is foolhardy? Colleges and, I guess any institution of higher learning is a total waste of time. The absolute best teacher in this environment is screen time. That costs money as well though. The problem comes that without the initial direction prior to dedicating even a minute of screen time makes the screen time unfocused and nearly worthless. Every journey begins with a single step but that step must be taken in, at least, the correct direction or the destination will almost never be reached in a timely manner. I agree that randomly taking any seminar or trading instruction is a crap shoot because of the vast range of individuals teaching them. It is near impossible to KNOW what is good and what is not unless someone you respect and is trading profitably recommends a particular class or seminar and even then take that information with a grain of salt. It is irresponsible though to make a blanket statement that all instruction is bad. PS. Brandon is correct that a majority of all students have a real problem following instruction. On that note . . . I do hope you are doing better Brandon. A lot of us are still praying for a complete remission.
Book: $50 Course: $1,000+ Content coverage: All else being equal, Book wins. Fair enough. But how does a newcomer decide before the fact whether the money he must spend on instruction has even a chance of being useful? There is no lack of gurus to choose from. I would think that a good and stable P&L would speak volumes. It may not guarantee that the seminar or course will have any value, but it provides a useful indication and serves as a litmus test to eliminate outright charlatans.
Sadly you are imposing your own emotional state upon others. Sometimes it is best to be silent than revealing. regards f9
Quite right Gnome. It is an uneducated generalization that any fool can make. Each case stands upon its individual merits regards f9.
That is why I said to take the recommendation of a referral. That is the only way to be, even a little more confident of the course content.
But that referral would have to come from someone I know personally for it to have any meaning. I place absolutely no weight on the testimonials of people I don't know. Larry Williams has no lack of testimonials from the likes of Stan B. or Linda W. or Frank N. and so on, etc., ad infinitum. But, from an article I read a while back, none of the attendees at his seminars seem to have actually had such success; they always seem to be on the verge of profitability...always within view, amost within reach, but always just outside of their grasp. However, I will concede your point that if someone who I know and whose opinion I respect took a course and recommended it, then I would not summarily dismiss it. Regardless, do you not think that a good and stable P&L serves a useful function in the absence of such personal referrals? Surely you agree that most trading seminar promoters have dubious credentials.
LOL, I'd definitely say that it has a lot more merit. It's the acid test ... and no one should think of plunking down their hard-earned ducats without it.