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Leo Gindin Training
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Leo Gindin Training

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Elite Member
Portland
 
Futures Experience: Beginner
Platform: NinjaTrader, TradeStation, MultiCharts
Favorite Futures: TF
 
Posts: 23 since Jun 2010
Thanks: 3 given, 10 received

Leo Gindin Training

Leo Gindin offers training in trading the Russell 2000. Like Bill McDowell, he has no website. He advertises in classified ads:

Goal $1000+/day
Trading only few hours Russell 2000.
No previous knowledge is required, trading futures is a skill.
Free training in exchange for profit sharing.
russell2000futures@gmail.com




So I emailed to see what his offer was. He offers 2 day live training for $5000 OR free training by webinar for 25% of your profit. My first question was why didn't he just increase his contracts and get 100% more income. His answer was that he wanted to create a residual income so that he could do other things. Odd, considering only a few hours a day was needed for $1000+ per day.


The catch comes in that you need his indicators that he leases for $500 per month! It made more sense now. I see it as essentially an offer to sell his indicators disguised as free training. I figure he hooks people into paying for his indicators for at least a couple of months, netting him $1000 per person. Getting just one per week, brings him $4000 per month. Not bad, and that's his residual income.


Anyway, when I question him on the cost of the indicators, which by looking at the chart he sent, seems like a few moving averages and a simple oscillator, the tone of the reply got a lot more curt.



Maybe someone else would like to investigate further or has a different experience.

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Site Administrator
Manta, Ecuador
 
Futures Experience: Advanced
Platform: My own custom solution
Favorite Futures: E-mini ES S&P 500
 
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Someone that doesn't have a website and advertises in classifieds seems to be to be clearing targeting uneducated, uninformed people and limiting the negative publicity that can be linked or associated to a website.

That is your first sign to run, far far away, as quickly as possible and don't even waste a second of your time on such junk.

Your second sign was someone that places so much importance on indicators that he needs to sell them as "valuable".

Mike

Due to time constraints, please do not PM me if your question can be resolved or answered on the forum.

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5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers.
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