I will treat wisdom offered by posters parading themselves as innocent traders on Traders Laboratory with extreme caution, care and a little bit of suspicion. threads are started as informercials for various websites and people r out to catch the 'little man or woman', who appreciate the philantropic ambitions of contributors. I posted extensively on the VSA related threads but much of what exist there, is a means to an end i.e. to rob u of your hard earned cash by paying for training course or system or tradingroom.
its she and no, she is busy concentrating on making a living and growths her account beside there are thousand of pages already posted, every conceivable questions had been asked and answered. There is no use in rehashing the method here or anywhere but somehow somewhere someone will try.
I am much better a teacher than a trader its no coincident that all my student were females. I suffer from common male afflictions, over committed to my entry, wanted to be right, aggressive in my dominant stand etc... but thing works out in the end I will continue in my pursuing of a perfect trade with a perfect indicator and the best student will take over my account, a win-win situation all around.
ps. yes I trade Jack's method and then some (can't help myself there).
pss. more on male affliction http://business.timesonline.co.uk/tol/business/law/article2648586.ece
Ok, I had to post this. I've followed the touted EL blog for a couple of months. Bellow a few thoughts on it.
Why this could be true:
- He is tired of trading and wants to get another type of income or use leverage
- He likes to teach more than to trade
- It makes sense, I think (without proof) that his method could be put to work. I mean not just the technical trading, but the whole learning method.
- The money is needed for the disease, the money from trading wouldn't be enough.
- He donates money to charity and want to increase his donations without taking a cut on his income
Why this could be a fake:
- No one knows him, no one knows any student who learned from him and is now making money
- Even if he is successful as a trader, there is no guarantee that he can transfer his know how.
- I found small "details" on the blog, we wouldn't bother to answer them, a couple of comments weren't published. No proof, though.
- Looking only at the outer aspect, you can't tell if it's a fake or not. It is the same site selling something. I must admit I am overly cautious on someone selling things.
- The price of training class and now of DVDs is well researched. I found methods, DVDs, classes that ask the same amount. He is about to start a new business, quite different from trading.
- I did a small research on the selling company. Perhaps just a coincidence, a London based company with the same name was closed a few years ago.
On the data I have I couldn't reach any definitive conclusion...
Regards EL - I have followed the blog, and I think he offers good advice on the blog - ultimately that you need to put in the hard yards, develop a personal method (even if its based on someone else's - I mean is anything really that new?) and so much of what he is teaching is about discretion, and feel.
so for me, regardless if its for real or not, and to me this applies to a lot of trading seminars.....
its too expensive.
A CFA exam is probably just as time consuming, will teach you a lot and is more likely to have a higher payoff for the majority of people. And its cheaper.