If you were to buy a car etc for $7000, surely it would be alive, and not a demo in trials, , so whats the difference in paying for a 7k course, yet you don't know if its a monopoly course or the real deal, surely there must be some disclosure.
Whats the law on this? does anyone know? Any lawyers on the forum please respond.
Sean is constantly mentioning that he trades in a SIM account. He states that he is a licensed trader in Canada, but does not have a CTA license. He has mentioned that it is too much paperwork. He trades Sim in front of hundreds of room attendees which is very stressful in itself. He meticulously keeps a record of Every trade he takes using his methods, and his methods have very little discretion to them.
Oops now i sound like a fan boy. Sorry, but there are a lot of Bad educators and Marketers out there and Sean is NOT one of them.
I have purchased software from his company and attended several months of his trade room.
As with all educators you will have to decide if you like his style of teaching and trading.
Thats great to hear, However when i had a pass to his traderoom and asked if he was on sim or live, he never responded. >I wish he did.
But he is still selling a $7000 course. If it was the real deal wouldn't you get whatever license you need? Or is it just about selling a product, perhaps one made in China? Excuse the pun.
Its easy to pull the trigger on a demo and just go, Well that's trading, if its a loss, But if its a real account your emotions are totally different and on the big winner, would you still have pulled the trigger? As you did on the others, Gun happy trading, no emotions, come on, be real.
Trading on a simulator (aka ‘paper trading’) is highly overrated. I frequently tell people they need to get off the sim as fast as possible. It offers an illusionary blanket of security which is actually counterproductive. No one trades the same way on a sim as he does for real money.
The idea behind the simulator is that you can learn to trade while not risking anything. Once you become profitable on the sim, you can then open an account with confidence. Since you have already shown that you can make money on a sim, you think you should be able to make money live. All you have to do is trade the same way you did on the sim. LMAO
So I thought I might list off what i see as the major differences in trading SIM VS Live account.
1. Almost no Spliipage (can set NT to randomly add slippage).
2. Good Fill rates (I have not seen partial fills).
3. Low Stress since trading play money.
2. Partials fills on entries and exits
3. Higher stress with you money.
Lets take them from the bottom up ...
3. So If you have been tading a while, practice good money management and have a good mindset #3 should NOT be a concern.
2. Using Bid / Ask information (Sean's Print Profiler) and Volume Profile Analysis ( and even DOM) you can see where the current orders are and place your orders in front of them in order to help achieve a good Fill Rate.
1. Use your brain and analyze results. Create a worst case scenario that you believe in. For example, Sean trades 2-3 contracts at a time (he has rules which govern the amount). While I have been in his room (and you can actually go look up his stats by attending the free room and wait till end where he records his trades to get his averages) I have seen an average of $200 - $300 per winning trade. add a 2 tick slippage to every trade as a worst case scenario, add commissions and fees. do the math the wins are still profitable.
Now do the same for his losses.
Then check out his win loss ratio ie. 70%. multiply the win number times 7(out of 10) multiply the loss number by 3(out of ten). Is that number acceptable to you?
Finding the right educator for you is EXACTLY like finding the right method. You have to be able to believe in it. Take the time, do the research. Satisfy you questions.
Be careful of people showing their LIVE Account information. All these educators have programmers on the payroll. Even I can whip up a statement that looks real and says what i want it to.
One last thing, If you are an educator like Sean, you really do not want to be trading live and explaining things at the same time. that can lead to mistakes in trading and confidence in yourself and the system will drop. Sean does a good job focusing on a trade in SIM and being able to still teach and answer questions.
-- wow, this is starting to look like a rant sorry
I agree with the ideas on SIM trading. Basically use it for only learning a system, creating them, and Teaching them.
Sean teaches the system.
One nice thing about Sean's company is that you can buy the software separately. and when /if you decide to you can join the mastery program and they will reduce the price by the cost you spent on his indicators (at least that is what he has stated in a webinar).
Give any group of people the same system and same rules and they will get different performance form it. Sean's system does have enough rules to minimize the "human" factor (not eliminate).
Yes $7000 is pricey. but if the system works for you (you can trade it well), you can make that back. you do need to invest Time and Money to become a good trader. To some extent you can use money to make the time shorter and you can use time to make the money lower.
All the information to trade is out there for free. An educator exists to help explain it and give feed back.
Sean does use limit orders for entries and exits so you can see what he plans to trade in advance, and he usually explains why he choose the trade well before getting filled.
Wow, I bet you have been burned before by a bad educator. Do not feel bad most of us have. I have purchased more than i care to admit.
I am not with Global Zone Trading or any affiliate. I have purchased the Print Profiler software because it is extremely well written and smooth software, it fit me and what i want to do with it. I am not a mastery student, but i have gone to a a couple months of his Free trading room and have seen his method and have interacted with him in webinars and the trade room.
I have seen a lot of educator bashing and i do not think Sean is a bad educator. Sean is an honest man with an honest company and a solid product.