Safety In The Market

Anybody heard of a company called "Safety In The Market"?

I just got some stuff in the mail from them, with a little booklet etc etc etc

I'd be interested in some opinions, I'll let you know what I think once I've read their stuff.

http://www.sitm.com.au/

The truth is out there....................................

run a search on a few forums, been discussed heaps of times

They were running around 10 years ago flogging the GANN system it looks like they have moved on from then.
Its a lot cheaper to get some good books on trading,

Read guys like Guppy and Elder and I know the guys on the forum will have others they can recommend, then paper trade and read the posts in this forum then apply a small budget and go baby steps and you will achieve the results.

Most of these training programs charge between $2000 to over $7000, some might be worth considering for learning how to trade options and other derivatives but if you are trading long with no leverage then read the books and play before commiting the cash.

macca said:

The truth is out there....................................

run a search on a few forums, been discussed heaps of times

Click to expand...

I did, you'd be surprised how many times the words: safety, in, the, and market, come up on stock market forums

Much easier to make a new thread.

Now, I just finished reading their little booklet of 7 steps to safe investing. It was basically a whole bunch of common sense mixed with the importance of learning "technical analysis" which they'll teach you for $2000.

It has some good basic advice
Step 1: Never Put All Your Eggs in One Basket
Basically saying diversify.

Step 2:Cut the Losers with Stops
About stop-losses

Step 3: Always Know Your Destination
About setting profit targets

Step 4: "Never Let a Profit Turn into a Loss"
About profit stop-losses

Then it tries to get your money

Step 5: Turn the Odds in Your Favor
Vaguely talks about technical analysis with giving any insight.

back to basic advice

Step 6: Make Your Own Decisions
Saying you should stick to your plan

Step 7: "Play it by the Numbers"
Monitor, record, and learn from your experiences.

Pretty basic stuff. Good for an absolute beginner, no need to buy their product though.

BLSH,
I think you just answered your own question. The hardest part now is getting off their mailing list. Better value in a good book (and not neccessarily on the stock market )

SITM is a very good course.
So were all the other Gann courses we have done..
Australia, England and Lambert-Gann USA
So is "Optionetics"
So is "Three Bears"
So is "Home Trader"
So is "Market Analyser"
So is "Rivkin"
So is "Green Dragon" EW
So have been the many other courses we have done.
Education is & will always be extremely important to us.
We shall keep on doing courses and educating ourselves.

Hi all, just have a few questions about various things related to Safety in the Market. Sorry if the questions are kinda dumb, I'm quite new to the stock market in general.

My first contact with SITM was from a friend of a friend who showed me how she trades every day using the SITM system and software. Having never actually seen one of these trading systems before it seemed kind of impressive, and she was obviously very happy with it, using it as one of her main sources of income. She recommended that I go to one of their free seminars to get more details - she also said that if I do sign up, only do the basic course, as the advanced courses were a waste of time in her opinion.

So recently I went to one of these seminars. All the self-promotion of Gann/Bowden and the testimonials got a bit tiresome, and it largely looked pretty dodgy to me - I could see more than a few parallels with Scientology . BUT the actual 'ABC' swing thing looked like it could possibly work. After all I'd had one person seem to have it work for them, and another friend who attended a seminar said that it made sense to them, and would have tried it but they didn't sign up simply because they didn't have the time to put into it. Don't know if it's relevant, but both have worked for banks most of their lives.

Anyway, after asking the SITM people and confirming with them multiple times about their money-back guarantee, I - probably foolishly - decided to purchase it, planning to read through the book, then if it still seemed useless to me I'd just take it back and ask for a refund.

I've searched the internet for opinions of the company and the majority seem to think that it's either complete garbage or that it has a few good points, but they're definitely not worth the money when you can buy a few books or google them for free. So, at the moment I'm pretty sure I'll be taking it back (once I finish the book), although being able to attend as many basic seminars as you want and their 'trading tutor' support is still kinda keeping me hanging on. However, my questions are:

1. Is there any validity at all to swing trading?
2. I've already seen the software the SITM system uses (called Swing Expert or something), and it seems quite good to me, but mainly because they've made it quite simple to download the data, create the charts, and pick out the 'ABCs' depending on your parameters. Would there be an alternative easy way (i.e. slightly cheaper software) to keep track of patterns like this?

Thanks all!

Yes,YES,Yes,
These con-men,in boom times come out o' the woodwork to suck in the bunnies....at $2-4,000 a pop..I've attended these out of interest here in perth when they come across ..

quite frankly, on a chart a simple crossing of the MACD will give you the same result as these so-called swings....
They are all great in hindsight but ask them to do them in advance & they coff ,coff coff.
The guarantee ,sounds good too ...but unless you do what they say for 6 months ....kiss it goodbye ....your $$$$thatis.

good luck...PS attend a course at the ASX.
captjohn

Bronte said:

SITM is a very good course.
So were all the other Gann courses we have done..
Australia, England and Lambert-Gann USA
So is "Optionetics"
So is "Three Bears"
So is "Home Trader"
So is "Market Analyser"
So is "Rivkin"
So is "Green Dragon" EW
So have been the many other courses we have done.
Education is & will always be extremely important to us.
We shall keep on doing courses and educating ourselves.

Click to expand...

I worked for a short time for one of these types of clowns (who shall remain nameless) as trader for a short time and had access to dozens of courses because of reciprocal marketing arrangements... including some of those above.

Some would have been useful for beginners. A very few had some really good material. Most were absolute effing crap.

All the well known ones were way too expensive.

I also got an insight into the ethics of course marketing... diabolical stuff, mostly.

I reckon the most honest, robust, best value for money material that can actually be used to build a profitable trading business comes from Noosa Qld. and is a member here on ASF.

For options, The Options University is good, but up in the more pricey bracket.

FWIW

wayneL said:

I reckon the most honest, robust, best value for money material that can actually be used to build a profitable trading business comes from Noosa Qld. and is a member here on ASF.

FWIW

Click to expand...

Excuse my ignorance wayne but who is it?

Dr Doom said:

Excuse my ignorance wayne but who is it?

Click to expand...

Nick Radge

wayneL said:

Nick Radge

Click to expand...

Tell us more and why you are so sure about that and how do we check it out.

Techbuy said:

Tell us more and why you are so sure about that and how do we check it out.

Click to expand...

Well I didn't want to become Nicks' marketing agent, but here is his website: www.reefcap.com

Bronte said:

SITM is a very good course.
So were all the other Gann courses we have done..
Australia, England and Lambert-Gann USA
So is "Optionetics"
So is "Three Bears"
So is "Home Trader"
So is "Market Analyser"
So is "Rivkin"
So is "Green Dragon" EW
So have been the many other courses we have done.
Education is & will always be extremely important to us.
We shall keep on doing courses and educating ourselves.

Click to expand...

Comparing the SITM course to many other ones we have done in Australia.
We thought that it was certainly well worth the money.
"The cost rapidly became insignificant"
N.B. "all attendees had to sign a strict confidentiality agreement".

Disclaimer:
Although we got to know David Bowden and many of the staff at SITM.
We have no interest in selling SITM or any other course mentioned

Bronte said:

Comparing the SITM course to many other ones we have done in Australia.
We thought that it was certainly well worth the money.
"The cost rapidly became insignificant"
N.B. "all attendees had to sign a strict confidentiality agreement".

Click to expand...

Yeah we got rich from Gann, but don't ask any questions!!!

Yes waynel, we got very wealthy.
It wasn't directly from Gann......
Our wealth came from our Real Estate investments.
The trading just gave us great cashflow.

Bronte said:

Yes waynel, we got very wealthy.
It wasn't directly from Gann......
Our wealth came from our Real Estate investments.
The trading just gave us great cashflow.

Click to expand...

I observe you feel the need to let everybody know at every available opportunity. This lead me to think... nah, won't go there.

Fair enough