wow....lot at their money back guarantee like shredder had..... I am not affiliate with them but I will love to check them out if the guarantee stands
MONEY BACK GUARANTEE
If our Pro Trading Codes results (updated daily) DO NOT produce profits of 100% in excess of the purchase price trading ES, GC, CL and HG between the hours of 8 am ET until 11 am ET within 30 days from date of purchase we will provide a FULL Refund.
I'm just a new trader and all of you guys have experience far beyond mine, so please explain what I'm missing here.
I went to the mastersoftrading OTC webinar and thought their system sounded great. Would love something like that with a lot of hand-holding for a while that makes great profits consistently. "80% successful" they said.
But when I checked them out, I came here as part of my research. On this thread I found that two members who also attended the webinar were able to identify the speaker as Mark Katzenberger. I found a Ninjatrader series youtube video introducing the presenter as Mark Katzenberger. He WAS also the presenter of the mastersoftrading webinar, I can verify that myself.
So, I googled Mark Katzenberger and there's plenty of info. None of it good.
For me, the case was closed. Mark Katzenberger in the past has promised what he can't deliver. Mark Katzenberger in the past has failed to honor his money back guarantee. Mark Katzenberger is mastersoftrading.
Since past behavior is the best predictor of future behavior, mastersoftrading therefore can be predicted NOT to deliver on its performance promises and NOT honor its money back guarantee.
But this is only the analysis of a beginner. I need to understand the perspective of the advanced traders who still think this even might be a good way to spend $1000. I've just been feeling quite fortunate that Shredder and rptrader came forward quickly with their experiences to spare others the same fate.
What did I miss?
The following user says Thank You to nquisitive for this post:
Be skeptical of EVERYONE selling any kind of trader education. Google them, look for independent reviews, etc. Don't be seduced by glamorous looking equity curves. You did all that - that is great!
The fact is probably 90% of stuff for sale out there is junk. Maybe it is even 95% or 99%. Lots of wannabe or failed traders have found out that selling the gold mining supplies is a lot easier than actually mining for the gold.
So what did you miss? I don't think you missed anything, although you probably are still asking yourself "how do I figure out this trading game?"
My advice would be to get all the information you can, while spending as little money as possible. Read thru futures.io (formerly BMT), and if you find value there, sign up for Elite membership (where there is plenty more value). Read as many books on trading as you can - you can probably borrow most from the local library. Keep an open mind, and soon enough you will:
1. Be able to distinguish between absolute garbage and what might be possibly good info
2. Find what you like, and what you don't like, in trading (styles, general methods)
3. Possibly find a trusted mentor for further work, or maybe you'll decide to go it alone (that was what I did, and many others do).
After that phase, you can focus on what excites you (chart reading, discretionary trading, mechanical trading, long-term, short term, futures, options, ETFs, stocks, etc.).
Next, either seek out mentors in your desired area, or gather all the information you can on that area, and work at creating an edge - a way to win long term. Without an edge, nothing else matters. Then, start trading small with real money. Don't waste too much time on a simulator - the benefits of sim trading are small and fleeting. Refine your method. Work on your psychology. Repeat ad infinitum and you'll slowly get better.
If you have any questions please send me a Private Message or use the futures.io "Ask Me Anything" thread
The following 3 users say Thank You to kevinkdog for this post:
"We DO NOT provide free Trial access to the trade room. The reason is, we have no crazy proprietary indicators, magic 10 key systems, complicated entry techniques or multiple order flow analysis using multi time frames. We use the lost art of chart analysis which is explained everyday in the trade room and once you hear it you know exactly what the profitable trading technique codes are"
You don't want him to give away his secret code do you?
There is a market for whatever a swindler has the cojones to sell...
A married couple in Florida, Tito and Amanda Watts, were arrested a few days ago for selling “golden tickets to heaven” to hundreds of people.
They sold the tickets on the street for $99.99 per ticket, told buyers the tickets were made from solid gold, and that each ticket reserved the buyer a spot in heaven — simply present the ticket at the pearly gates and you’re in.
Tito Watts said in his police statement: "I don’t care what the police say. The tickets are solid gold… And it was Jesus who give them to me behind the KFC and said to sell them so I could get me some money to go to outer space. I met an alien named Stevie who said if I got the cash together he’d take me and my wife on his flying saucer to his planet that’s made entirely of drugs. You should arrest Jesus because he’s the one that gave me the golden tickets and said to sell them. I’m willing to wear a wire and set Jesus up...."
Amanda Watts said in her police statement:" "We just wanted to leave earth and go to space and do drugs. I didn’t do nothing. Tito sold the golden tickets to heaven. I just watched."
Police said they confiscated over $10,000 in cash, drug paraphernalia, and a baby alligator.