Hometrader vs. SITM etc.
- Thread starter Anthony.m
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Re: Hometrader vs SITM etc;
No.
No.
Anthony.m said:
No.
Anthony.m said:
No.
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Re: Hometrader vs SITM etc;
Hi Anthony,
If you do your own research you will find most of the
information that sitm has to offer for free, making
their starter package a slick sales promotion to prepare
you for the next sales pitch, selling you more "trading
secrets", at an even bigger price.
Contents of their starter package includes, Gann's mechanical
trading techniques, like swing trading and 50% retracements
..... all of which is available free, on the web.
-----
Hometrader and Gryphon..... are other very expensive ways
to learn the pitfalls of trading ..... ???
Sure, we all must learn one way or another, but the money
spent on such programmes could be alternatively used in
the markets for some real-time self-education, with some
FREEbie guidance from many good websites, specialising
in educating traders, online.
Many would-be traders spend many thousands of dollars on
packaged trading systems, in the hope of finding the holy
grail of trading ..... once on this carousel, they go from
system-to-system and unconsciously, they then have
someone to blame, when they ultimately fail at this game.
Take responsibility for your own trading future, do the study
and necessary planning, as you would for any small business,
then activate your plan and continually review and improve
on your trading plan, until its execution becomes second
nature to you .....
-----
..... and also be aware, that despite the desires of some
to make some "easy money" from the markets, it is a fact
that many people should NEVER entertain the thought of
being a sharetrader !~!
Often it is the OTHER passions in our lives, where we make
our most productive contributions (and profits), not to
mention job satisfaction.
Let's face it ..... sharetrading is boring and it is hardly
glamourous, staring at a screen all day ..... but for some,
it does pay the bills !~!
happy days
yogi
Hi Anthony,
If you do your own research you will find most of the
information that sitm has to offer for free, making
their starter package a slick sales promotion to prepare
you for the next sales pitch, selling you more "trading
secrets", at an even bigger price.
Contents of their starter package includes, Gann's mechanical
trading techniques, like swing trading and 50% retracements
..... all of which is available free, on the web.
-----
Hometrader and Gryphon..... are other very expensive ways
to learn the pitfalls of trading ..... ???
Sure, we all must learn one way or another, but the money
spent on such programmes could be alternatively used in
the markets for some real-time self-education, with some
FREEbie guidance from many good websites, specialising
in educating traders, online.
Many would-be traders spend many thousands of dollars on
packaged trading systems, in the hope of finding the holy
grail of trading ..... once on this carousel, they go from
system-to-system and unconsciously, they then have
someone to blame, when they ultimately fail at this game.
Take responsibility for your own trading future, do the study
and necessary planning, as you would for any small business,
then activate your plan and continually review and improve
on your trading plan, until its execution becomes second
nature to you .....
-----
..... and also be aware, that despite the desires of some
to make some "easy money" from the markets, it is a fact
that many people should NEVER entertain the thought of
being a sharetrader !~!
Often it is the OTHER passions in our lives, where we make
our most productive contributions (and profits), not to
mention job satisfaction.
Let's face it ..... sharetrading is boring and it is hardly
glamourous, staring at a screen all day ..... but for some,
it does pay the bills !~!
happy days
yogi
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Re: Hometrader vs SITM etc;
Many people get paid millions of dollars per year to make money for corporates in the markets.
Do you think some banana with a chart is going to:
1. Teach you a secret that will reduce his profits?
2. Make you a millionaire?
3. Teach people something for few thousand that he could sell to a corporate/fund manager/insurance company that makes all this money in the market?
Spend the money on doing a finance degree - unfortunately the education will teach you that the free lunch doesnt exist.
You should ask these 'teachers' why they make more money selling crap graph software than punting the market.
That said - I love the ad with the ex-plumber sitting next to his pool making 5 bar a year on his laptop.
Many people get paid millions of dollars per year to make money for corporates in the markets.
Do you think some banana with a chart is going to:
1. Teach you a secret that will reduce his profits?
2. Make you a millionaire?
3. Teach people something for few thousand that he could sell to a corporate/fund manager/insurance company that makes all this money in the market?
Spend the money on doing a finance degree - unfortunately the education will teach you that the free lunch doesnt exist.
You should ask these 'teachers' why they make more money selling crap graph software than punting the market.
That said - I love the ad with the ex-plumber sitting next to his pool making 5 bar a year on his laptop.
tech/a
No Ordinary Duck
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Re: Hometrader vs SITM etc;
Because they can.
Pure economic sense.
Because they can.
Pure economic sense.
Re: Hometrader vs SITM etc;
Anthony,
Yes, I agree that some of the courses around are expensive and they will try and get more money out of you using various marketing techniques.
Having done some researching on courses available in Australia, I came across 2 quality courses which are great for beginners and also experienced traders, and they won't cost you an arm and a leg.
They are written by Neil Costa(unfortunately passed away) http://www.marketmasters.com.au and Nick Radge http://www.reefcap.com
These guys are well known and highly respected nationally and internationally and you can be confident of getting an excellent course which is value for money. Much easier than scouring the net for free info, especially for beginners.
The best thing about these courses is the price. They cost only $795 and $550. You can read and surf the net as much as you want, but if you want to put together an effective trading plan, one of these courses is a great start!
If anyone else know of a good value for money course, or has a comment on the 2 above, fell free to tell.
Anthony,
Yes, I agree that some of the courses around are expensive and they will try and get more money out of you using various marketing techniques.
Having done some researching on courses available in Australia, I came across 2 quality courses which are great for beginners and also experienced traders, and they won't cost you an arm and a leg.
They are written by Neil Costa(unfortunately passed away) http://www.marketmasters.com.au and Nick Radge http://www.reefcap.com
These guys are well known and highly respected nationally and internationally and you can be confident of getting an excellent course which is value for money. Much easier than scouring the net for free info, especially for beginners.
The best thing about these courses is the price. They cost only $795 and $550. You can read and surf the net as much as you want, but if you want to put together an effective trading plan, one of these courses is a great start!
If anyone else know of a good value for money course, or has a comment on the 2 above, fell free to tell.
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Re: Hometrader vs SITM etc;
It would be nice to hear from someone that has done either of the courses that can give a rundown of the courses and any issues that they might have.
Also some links that might be of interest - Google is very useful although I couldn't find much. I even searched on "The Hubb Organisation Pty Ltd".
www.travismorien.com/FAQ/ripoffs/scsystems.htm
fido.asic.gov.au/fido/fido.nsf/byhe...trading+courses:+painful+lessons?openDocument
www.thehindubusinessline.com/2005/09/13/stories/2005091302871500.htm (Spreading themselves around)
I know nothing about either of these businesses so I really cannot comment on the wisdom of putting money into their products.
stevo
It would be nice to hear from someone that has done either of the courses that can give a rundown of the courses and any issues that they might have.
Also some links that might be of interest - Google is very useful although I couldn't find much. I even searched on "The Hubb Organisation Pty Ltd".
www.travismorien.com/FAQ/ripoffs/scsystems.htm
fido.asic.gov.au/fido/fido.nsf/byhe...trading+courses:+painful+lessons?openDocument
www.thehindubusinessline.com/2005/09/13/stories/2005091302871500.htm (Spreading themselves around)
I know nothing about either of these businesses so I really cannot comment on the wisdom of putting money into their products.
stevo
Re: Hometrader vs SITM etc;
I just got an invitation letter from Home Trader to go to one of their FREE training seminars what teaches me how to trade.
I subscribed first to see what's going to happen there but I also made some research on the internet.
Capital Intelligence is the name of the company behind Home Trader and they also have some other trader products.
They're also listed on ASX and it's worth to take a look on their price history chart.
http://www.asx.com.au/asx/research/...panyName=&principalActivity=&industryGroup=NO
This has finally convinced me that a company which sells stock trader products and trainings for the mass and their stock price is free falling that can't have a serious, working product or knowledge about the topic...
:behead:
Rookie
I just got an invitation letter from Home Trader to go to one of their FREE training seminars what teaches me how to trade.
I subscribed first to see what's going to happen there but I also made some research on the internet.
Capital Intelligence is the name of the company behind Home Trader and they also have some other trader products.
They're also listed on ASX and it's worth to take a look on their price history chart.
http://www.asx.com.au/asx/research/...panyName=&principalActivity=&industryGroup=NO
This has finally convinced me that a company which sells stock trader products and trainings for the mass and their stock price is free falling that can't have a serious, working product or knowledge about the topic...
:behead:
Rookie
Re: Hometrader vs SITM etc
OK, I just had the FREE HomeTrader seminar where the guy explained us what we can get for a bit more then $10K.
It's a learning package about share trading.
Starting with lessons like "What's the Internet" or "How to use the computer" and core traning modules like "Buying/Selling, Basic risk management, etc." they start to teach more advanced techniques, like entry/exit startegies, writing trading plan, etc.
For an extra $496 annual fee you can extend your membership by one year and you can also subscribe to the Advanced Trader Membership for another $9500. I don't know why you should subscribe to it but I'm pretty sure that this membership has all the nitty-gritty that you need to receive all of the information that this company can provide.
So, I think if you have $20K to spend on trainings than go for it, but I rather buy some more books for couple of hundred bucks and ask my questions on this forum.
That saves me about $20K that I can then spent on the stock market.
OK, I just had the FREE HomeTrader seminar where the guy explained us what we can get for a bit more then $10K.
It's a learning package about share trading.
Starting with lessons like "What's the Internet" or "How to use the computer" and core traning modules like "Buying/Selling, Basic risk management, etc." they start to teach more advanced techniques, like entry/exit startegies, writing trading plan, etc.
For an extra $496 annual fee you can extend your membership by one year and you can also subscribe to the Advanced Trader Membership for another $9500. I don't know why you should subscribe to it but I'm pretty sure that this membership has all the nitty-gritty that you need to receive all of the information that this company can provide.
So, I think if you have $20K to spend on trainings than go for it, but I rather buy some more books for couple of hundred bucks and ask my questions on this forum.
That saves me about $20K that I can then spent on the stock market.
Re: Hometrader vs SITM etc
Both are legit businesses. I haven't used their services, but I have attended their free seminars.
I did a blog post a while back of how a meeting with a HomeTrader salesperson affected my trading. He really undermined my trading style. But no matter it was a good experience in the end.
If you are time poor, these programs may be of use to you. But the risk there is that your performance once you finish these programs all depends on your passion and determination. And we all know that for a lot of the people that fail in these types of educational services - once they are out of the hype zone they lose their drive to follow through.
If you take the route to do it yourself (the way I do it, and it seems a lot of people on this board do it) - that path is a much harder one, one of experimentation, failure, successes, self-education... etc... but I think this route really proves that you are passionate and hence more likely to succeed.
Both are legit businesses. I haven't used their services, but I have attended their free seminars.
I did a blog post a while back of how a meeting with a HomeTrader salesperson affected my trading. He really undermined my trading style. But no matter it was a good experience in the end.
If you are time poor, these programs may be of use to you. But the risk there is that your performance once you finish these programs all depends on your passion and determination. And we all know that for a lot of the people that fail in these types of educational services - once they are out of the hype zone they lose their drive to follow through.
If you take the route to do it yourself (the way I do it, and it seems a lot of people on this board do it) - that path is a much harder one, one of experimentation, failure, successes, self-education... etc... but I think this route really proves that you are passionate and hence more likely to succeed.
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Re: Hometrader vs SITM etc
Traderpro, well said.
I had some goose try to sign me up for a network marketing thing some yrs ago. The pressure tactics were that we need more and more money to survive (true) I replied I'm learning to trade shares, to which he bagged the market, could fall badly at any minute (this was early 04)
I felt outrage at this *&&%)%#@ lack of any intrest in my objectives and well have we had a bull run or what!!!
Needless to say I didn't join
Traderpro, well said.
I had some goose try to sign me up for a network marketing thing some yrs ago. The pressure tactics were that we need more and more money to survive (true) I replied I'm learning to trade shares, to which he bagged the market, could fall badly at any minute (this was early 04)
I felt outrage at this *&&%)%#@ lack of any intrest in my objectives and well have we had a bull run or what!!!
Needless to say I didn't join
Re: Hometrader vs SITM etc
Thanks to Bobby and phoenixrising for your support.
There is a positive side to these companies. They produce employment as well as seed the markets with additional funds... increasing liquidity in the markets as well as increasing the number of people trading...
Both beneficial for traders everywhere:
1) increased liquidity is always a good thing
2) increased number of people trading would bring on competition between the brokers... we are already seeing it with CFD services coming in left right and centre!
Thanks to Bobby and phoenixrising for your support.
There is a positive side to these companies. They produce employment as well as seed the markets with additional funds... increasing liquidity in the markets as well as increasing the number of people trading...
Both beneficial for traders everywhere:
1) increased liquidity is always a good thing
2) increased number of people trading would bring on competition between the brokers... we are already seeing it with CFD services coming in left right and centre!
Re: Hometrader vs SITM etc
Just arrived back from another FREE trading seminar. This time it was CMC Markets that introduced the concept of CFD trading to the audience.
To my surprise at the end of the seminar the same guys who tried to sell me some HomeTrader trainings for a couple of $10K got to the stage and said that they have a cheap 1 day course in CFD trading.
At the end of the seminar the presenter talked about one of his friends who bought all of the books available about trading a couple of years ago to learn how to make profit on the sharemarket.
The presenter decided to go on a different way and subscribed to the HomeTrader trainings.
Now, he's already an active trader with $100K to invest while his friend is still hasn't achieved the confidence from the books to make his first trade...
I don't like these car dealer style of tricks that based on the expectancy of the would-be traders.
A serious business should give facts to the potential customers not the promise of some sort of strongly protected secrets of their great backtested trading strategy that you can only get if you subscribed to their trainings.
It's so pathetic...
Just arrived back from another FREE trading seminar. This time it was CMC Markets that introduced the concept of CFD trading to the audience.
To my surprise at the end of the seminar the same guys who tried to sell me some HomeTrader trainings for a couple of $10K got to the stage and said that they have a cheap 1 day course in CFD trading.
At the end of the seminar the presenter talked about one of his friends who bought all of the books available about trading a couple of years ago to learn how to make profit on the sharemarket.
The presenter decided to go on a different way and subscribed to the HomeTrader trainings.
Now, he's already an active trader with $100K to invest while his friend is still hasn't achieved the confidence from the books to make his first trade...
I don't like these car dealer style of tricks that based on the expectancy of the would-be traders.
A serious business should give facts to the potential customers not the promise of some sort of strongly protected secrets of their great backtested trading strategy that you can only get if you subscribed to their trainings.
It's so pathetic...
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Re: Hometrader vs SITM etc
Well said.
I have little respect for businesses who feel it is necessary to deceive people and hide information for sales - probably 99% of seminars and home studies.
rookie said:
Well said.
I have little respect for businesses who feel it is necessary to deceive people and hide information for sales - probably 99% of seminars and home studies.
Re: Hometrader vs SITM etc
Hi Anthony,
I think my reply might be coming a bit too late, but I joined this forum only yesterday.
I am yet to attend the Home Trader free introductory seminar, however, I will agree with the general vibe of all the responses here.
You can do much better by spending that extra effort to educate yourself, and Internet just makes this a whole lot easier.
I think InformedTrades.com is an excellent (& absolutely free resource to start with). **I have no affiliation with Informed Trades, what so ever**. Just came across their YouTube channel and saw some good introductory videos.
Also, read some books. A good one would be
Technical Analysis: The Complete Resource for Financial Market Technicians - Charles D. Kirkpatrick
If you are still interested in doing a course I'd recommend looking at Seek Learning for their Diploma in Share Trading course. At least that one is Accredited. Though its nearly 6000$.
Hope this helps,
- Paras Jethwani
Hi Anthony,
I think my reply might be coming a bit too late, but I joined this forum only yesterday.
I am yet to attend the Home Trader free introductory seminar, however, I will agree with the general vibe of all the responses here.
You can do much better by spending that extra effort to educate yourself, and Internet just makes this a whole lot easier.
I think InformedTrades.com is an excellent (& absolutely free resource to start with). **I have no affiliation with Informed Trades, what so ever**. Just came across their YouTube channel and saw some good introductory videos.
Also, read some books. A good one would be
Technical Analysis: The Complete Resource for Financial Market Technicians - Charles D. Kirkpatrick
If you are still interested in doing a course I'd recommend looking at Seek Learning for their Diploma in Share Trading course. At least that one is Accredited. Though its nearly 6000$.
Hope this helps,
- Paras Jethwani
Re: Hometrader vs SITM etc
Hi,
I am a bit late with my response. I think I have made every mistake in book when it comes to trading shares. I have finally started to become profitable. Below are the things that have helped me become more successfull and stop the slide. .
1. Educate your self I have done the Reef Cap course and I found it very help full and with the new power set ups which are posted on Reef Cap are great. They have helped me identify set ups. The other coarse that I have done was one run by Finsia which again was very good on getting you to understand the basics.
2. Read as much as you can some will be good and some not so good.
3. Decide what sort of trader you would like to be, short term or long term and what instruments you are going to use.
4. I know every one says this but concentrate on managing your loses the winners will come. Money management is the key.
5. Understand your methodology for trading shares. If you dont understand a particular methodology forget it and move on to one that you do.
6. There are a lot of people that want to make money out of you. Deal with people that are transparent and honest. This at times can be easier said than done. Believe what you see not what they say.
Hope this helps
Vito
Hi,
I am a bit late with my response. I think I have made every mistake in book when it comes to trading shares. I have finally started to become profitable. Below are the things that have helped me become more successfull and stop the slide. .
1. Educate your self I have done the Reef Cap course and I found it very help full and with the new power set ups which are posted on Reef Cap are great. They have helped me identify set ups. The other coarse that I have done was one run by Finsia which again was very good on getting you to understand the basics.
2. Read as much as you can some will be good and some not so good.
3. Decide what sort of trader you would like to be, short term or long term and what instruments you are going to use.
4. I know every one says this but concentrate on managing your loses the winners will come. Money management is the key.
5. Understand your methodology for trading shares. If you dont understand a particular methodology forget it and move on to one that you do.
6. There are a lot of people that want to make money out of you. Deal with people that are transparent and honest. This at times can be easier said than done. Believe what you see not what they say.
Hope this helps
Vito
inenigma
Oh Sh*t.... That didn't work.
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Re: Hometrader vs SITM etc
Hi,
I have not attended any of the free seminars for HomeTrader, but, as a dear friend has recently passed away, his widow has allowed me to borrow his course material (my mate did the course earlier in 2008). I don't know, but, I would suppose the bulk of the course fee would be involved in the IP of the three manuals.... Free reference material !!!!!
Hi,
I have not attended any of the free seminars for HomeTrader, but, as a dear friend has recently passed away, his widow has allowed me to borrow his course material (my mate did the course earlier in 2008). I don't know, but, I would suppose the bulk of the course fee would be involved in the IP of the three manuals.... Free reference material !!!!!
