If you are serious, wait for version 7 which should (they say) be out shortly. Same holds true for WizeFinder. It's new additions might be of interest.
Not only do I use it, I have success with it. I have trained others to use it also. As a tech/trainer I had many clients with tons of different software products that they needed help with. So I took the opportunity to add another profit center to my skill set. I took the opportunity to learn to use many financial software products and then pass that knowledge on. It became a challenge to help out those who were stuck. In the process, I learned how to make the best of many seemingly bad software situations. When one has spent a few grand on a software product, the last thing they want to hear is that they have made a mistake. So I learned to help in the WizeTrade arena. Now, a few hundred customers later, I am having a pretty good time.
I just bought WiseTrade this past week and went to the followup one day seminar. I have to say I am impressed with what I saw so far. I am excited to try using it in paper trading and them move over to real trades. I have to say, most people here sound like they have an agenda and I really can't believe anyone has anything legit to say on this program other than they love it or hate it. I can say I put up my money to buy it and I didn't do that in hopes of losing money. There are some very powerful features that I find attractive. As a visual person, this feeds my need to see. I am not new to trading or to the software market. I use point & figure from Dorsey, have worked at Omega Research and help in the creation of SuperCharts and TradeStation and use VestorVest. The point to trading is it has to be a craft you develop for yourself. There is no black box or holy grail. At a Larry Williams seminar I watched Larry make 170,000 profit in a live morning trade with the S&P's. During lunch, the people at my table nit picked apart whet he did right after the man successfully made a $170k profit. I was amazed and what I was hearing. So I developed the following mindset, if God Himself gave a group of people the prices that would occur the next day, I think that roup would still find a way to not make money with that information. So WiseTrade, TradeStation, VectorVest are all just tools that will either aid or hinder our ability to take a successful and profitable trade. ~Pete
Conatact George Thompson???--This is the biggest snake oil salesman on the planet! If you really thinks he cares about anything other than taking people's money, you're sadly mistaken. What a horrible SOB.
Like most people selling crap like this to newbies it should be made a crime if it doesn't produce. They should be made to at the very least be forced into giving full refunds. I have a friend who is trying to learn trading. Like thousands of other new people, he thinks because he is having a problem, if he could only get the right tools or get advice from the right person, he would become successful. These rats take advantage of them. My friend trusted their bullshit and within two weeks he lost close to 10 grand. In his case it pretty much put him out of trading altogether. These guys talk a great line and tell you they have the answers, and for a modest fee they'll tell you or in this case provide you with the software that will do it for you. And it's their way of giving back, and the only reason they charge a fee is to cover their expenses. Such bullshit. By the time they find a board like this and many others they have already bought in to the bullcrap. And in cases like this they not only lose the money spent on whatever product that's currently being pushed they lose a small fortune in the market. It's impossible to protect everyone but some limitation could be and should be put on these outfits that claim it's easy if you just send them a few bucks. This outfit is worse then many because they charge so much 4, 000 plus.
Sorry to hear about your friend's experience. I have had several students (with many financial trading software packages) give me the same basic story. And in many of the instances I have found a standard need to understand the markets a bit better has been a source of some recovery. Maybe you should take some of your EXPERT trading advice and fortify your friends' market understanding. Make sure that your friend understands that at this time there are NO infallible software products out there. With even the best packages that you can buy, you still need to have the understanding of when and how to use that info that they generate. I would also say that you emphasize that your friend get his actual initial experience through paper trading. No, it's not really the same as real trading (for many). But in doing so, it will give you some examples of how he is making his trading decisions and possibly you can help him develop a better logic for those decisions. Lastly, your friend lost $10,000. I am sure there are many folks who can explain to you how their portfolio lost a ton of value based on some broker's trading advice. Your friend needs to understand that some of the best traders, advisors and brokers out there, armed with knowledge, software, capital, etc., were also able to match his performance. This pursuit is a difficult skill to master. He needs to suck it up, and get back in the game. Hopefully, with some assistance from a good friend.
-------------------------------------------------------------------- canyonman00 Maybe you should take some of your EXPERT trading advice and fortify your friends' market understanding. Lastly, your friend lost $10,000. I am sure there are many folks who can explain to you how their portfolio lost a ton of value based on some broker's trading advice. Your friend needs to understand that some of the best traders, advisors and brokers out there, armed with knowledge, software, capital, etc., were also able to match his performance. This pursuit is a difficult skill to master. He needs to suck it up, and get back in the game. Hopefully, with some assistance from a good friend. -------------------------------------------------------------------------- I got your sarcasm, but my friend did not pay me $4,000 plus, he paid you and other members of, (Wizetrade?) I don't know your full connection with this outfit, you claim a just trainer, but are you listening or reading what you are writing? Have you ever listened to the info commercial. I have to admit I did not listen or watch the whole thing, but what I did observer, I don't remember anyone STRESSING that "even with our software this is a difficult skill to master". Nor do I remember any STRESSING of "at this time there are NO infallible software products out there" What I do remember that was being stressed was how much money one would make by following (Wizetrade). I would imagine most of your customers are new, underfinanced, and I would not have the balls to tell someone who may have been wiped out or nearly so, "to suck it up"
No sarcasm intended. Nor did your friend pay me $4,000. I personally would have advised him to look into another group of products before he made his final decision. Not because the product doesn't work, but because of his experience level. Having made the decision though, I would have been willing to help him learn to make use of his purchase. I would have explained ALL of the pluses and minuses (as I saw them) in advance of his acquisition. And having done so, I would (as a software trainer) be ready to assist my client in his learning curve. I have no connection with the company other than to help train individuals who have the product in the ways that I have found to use it. You see, they have purchased the product. They have spent good money, and now need to make it be more than another failed expenditure. They need little help feeling the pain of a poor decision. Am I listening to what I am writing? Yes! Have I watched the videos/infomercial, been to the on-line archives, listened to the internet broadcasts? YES! And I have also sat down with the staff (including George Thompson) and explained that the marketing/training needs to be vastly improved, changed, upgraded, etc. As recently as last week. I went down to see if the new upgrades included training refinements. And I am still not a happy camper in that regard. Now understand, I am not advocating that I have the bible on WizeTrade. And all of my selections don't always go the way that I expect either. And I can easily make that statement for ALL of the software products that I am using. And my active client base spans the experience/capital universe. Many of them are very well financed. And for whatever their reasons, they have these products (WizeTrade included) in their trading tools. And I try to help make their use of them a good, rewarding experience. So to your friend, I would say examine why you are in the markets, learn that it is not as simple as red and green lights, and make sure you know that you CAN win after you have lost. But to do so, you have to return to the field of battle.