Live trading rooms (PlanetWealth, 21st Century etc.)

[pustanio]

Hi All

I am a very busy company director, but have an interest in trading futures.

Really have an interest in 21st century eminis, and have searched these forums, found conflicting informaion on the company itself.

Watched their video, havent signed up yet, they want $8000, but the strategies they use seem to make sense and cover the risks to profit ration ok.

Only really found old posts about 21st century, and I cant see how they can be a scam and still operate without being in ACA etc every other week??

The other one (planetwealth) have an autotrader system, where trades placed by the moderator are automatically placed on your behalf if you are not online, and authorise them to do so.

I think that is a great idea, as already working 60hours a week, I wouldnt get much night time hours to sit and trade (and learn to trade) for now anyway.

So basically, has anyone had any experience with either companies?

I know they both place results on their websites, and seem to be on the same profit margins for the last month, but any one can post results, doesnt mean the trades were actually completed by them

Thanks for any replies..

 

[drsmith]

The first (and perhaps only) question to consider with a trading system is why the developers make a commercial decision to sell it rather than use it themselves.

 

[Mr J]

Many scams don't appear on ACA. I don't know anything about it, but my bias would be negative. I certainly wouldn't hand them $8000, unless you consider that a relatively small sum.

The biggest question to ask yourself is why they are doing this. I imagine that someone who can offer a good trading service is far more likely to seek proper capital. It isn't necessarily a scam, but since most are I wouldn't do anything without a lot of information.

 

[pustanio]

thanks for the replies, cant believe 2 replies in 5 minutes!

Both companies trade their own money using their systems.

For me honestly, the $8000 investment isnt going to cause me any financial hardship, but still dont want to waste it on nothing.

Happy to spend it on a system that works.

 

[prawn_86]

Ask them for a LIVE demo first, not just hindsight trades. My bias would also be negative.

 

[mazzatelli]

thanks for the replies, cant believe 2 replies in 5 minutes!

Both companies trade their own money using their systems.

For me honestly, the $8000 investment isnt going to cause me any financial hardship, but still dont want to waste it on nothing.

Happy to spend it on a system that works.

I know people who signed up to E-minis. They didn't make any money and haven't met any fellow traders who made money.
All are on simulators.

You are wasting your time looking at them

 

[lianeisme]

I would suggest you always do your own research read the papers read the forums concentrate on a few stocks in sectors that interest you and get to know the companies. Watch the market on those stock for a few weeks before you jump in.
Noting is that simple if you are using their methods it could be driving the markets in the direction they want. Read charts use your own gut feeling and hold on to your backside. Never rely on one lot of information from one source. Just my opinion I may be wrong, I wish you all the best

 

[trainspotter]

Hey there busy company director pustanio. If you can easily afford to lose $8,000 purchasing a fool proof "system" then why don't you just come with me to the casino ? We can have a few drinks, kick back, get to know each other a little better and then go into the International Room and do some REAL gambling. If you have time to do RESEARCH and watch videos on the two aforementioned trading systems to find out if they fit your desire to enter the market, then you have time to do your OWN research on what stocks to buy and when to sell.

OR put the whole lot on horse number 2, Race 5 in Doomben.

 

[pustanio]

Hey there busy company director pustanio. If you can easily afford to lose $8,000 purchasing a fool proof "system" then why don't you just come with me to the casino ? We can have a few drinks, kick back, get to know each other a little better and then go into the International Room and do some REAL gambling. If you have time to do RESEARCH and watch videos on the two aforementioned trading systems to find out if they fit your desire to enter the market, then you have time to do your OWN research on what stocks to buy and when to sell.

OR put the whole lot on horse number 2, Race 5 in Doomben.

thanks for the comment.

had the time to watch a 1 and a half hour video, but dont have the time to trade in US hours when I should be sleeping after a 10 hour day in the office.

My core business makes me a lot of money, and has been built up over several years and is now extremely successful. $8000 is a sizeable amount of money dont get me wrong.
I wouldnt gamble it on a horse, however I see a membership fee to either of the companies as an acceptable investment on the returns they offer.


I have no affiliation with either company in any way, and no experience at all in trading stocks of any kind.

 

[MRC & Co]

Sorry to be harsh, but this is the fact I think of when I see all these Qs on forums:

Typical wannabe 'trader' out to make a quick buck, which just doesn't happen unless you take a punt and get lucky, but without the skill you will end up on the pile of wasteaways like so many before you and so many after you.

Thechartist.com.au way cheaper, far more reputable and valuable. You will have your periods of grinding away, going backwards, but in the end, you will see an edge. That is trading.

 

[wayneL]

21st century [& their offshoot Planet wealth]

Say no more. Go armed with a crucifix, a wooden stake, a mallet and silver bullets.

 

[doctorj]

As a very successful director working 10 hours a day, I'm sure you are well versed with the concept of due diligence. Would you acquire another business without independently verified evidence that they can do what they say they do and they have what they say they have (license to operate, audited accounts etc)?

If not, then why would you even consider spending a considerable amount of your own money based on the promises of a stranger?

Further more - say you worked at a mortgage broker or something and you were looking for an acquisition. You wouldn't go out and buy a life insurer! If you know nothing about it, you might as well be throwing money at a wall to see if any of it sticks.

Save yourself the hassle and don't do it.

Spend some of those other 14 hours a day you're not working for a few months studying the art/science of making money in the markets and then have a look at these offerings again. There is no get rich quick. If you want others to do the work for you, go plonk the money in a fund.

 

[nunthewiser]

um ..........

its called discrete advertising

thankyou for listening

yours sincerely

marketing team at planet century

 

[tech/a]

RUN FOREST RUN!!


I Find it rather convienient that our 3X's poster is smack bang in these guys TARGET Market!

 

[Wysiwyg]

Well if they don`t make it, there is always the recruitment game.

 

[drsmith]

My core business makes me a lot of money, and has been built up over several years and is now extremely successful. $8000 is a sizeable amount of money dont get me wrong.
I wouldnt gamble it on a horse, however I see a membership fee to either of the companies as an acceptable investment on the returns they offer.

A membership fee for something worthwhile is one thing but if the 21st Century packages are anything to go by you would essentially be paying for crap.

 

[Cartman]

Hi All

I am a very busy company director, but have an interest in trading futures.

Really have an interest in 21st century eminis, and have searched these forums, found conflicting informaion on the company itself.

Watched their video, havent signed up yet, they want $8000, but the strategies they use seem to make sense and cover the risks to profit ration ok.

Only really found old posts about 21st century, and I cant see how they can be a scam and still operate without being in ACA etc every other week??

The other one (planetwealth) have an autotrader system, where trades placed by the moderator are automatically placed on your behalf if you are not online, and authorise them to do so.

I think that is a great idea, as already working 60hours a week, I wouldnt get much night time hours to sit and trade (and learn to trade) for now anyway.

So basically, has anyone had any experience with either companies?

I know they both place results on their websites, and seem to be on the same profit margins for the last month, but any one can post results, doesnt mean the trades were actually completed by them

Thanks for any replies..

lol --- that was one of the better SPAM posts --- u are obviously much more intelligent than some of your predecessors --- except for the fact that you guys ALWAYS spruke this stuff on one of your first 5 posts -----

use your noggin you guys and make 50 posts about nothing b4 you try and spruke something ---- at least it will look almost believable that way ----- oh hang on -- that would require some genuine effort wouldnt it ----- forget that suggestion :

gets tiring after a while

just for the record, the 21st E mini boyz use a sophisticated blend of MACD and Stochastic combination with their own "special" parameters ----- if u r really interested, i'll sell u mine for half their price ( now whats $4 grand times 100 punters ----- mmmm --- now i see what the attraction is ----- who needs to know how to trade !!!

 

[trainspotter]

thanks for the comment.

had the time to watch a 1 and a half hour video, but dont have the time to trade in US hours when I should be sleeping after a 10 hour day in the office.

My core business makes me a lot of money, and has been built up over several years and is now extremely successful. $8000 is a sizeable amount of money dont get me wrong.
I wouldnt gamble it on a horse, however I see a membership fee to either of the companies as an acceptable investment on the returns they offer.


I have no affiliation with either company in any way, and no experience at all in trading stocks of any kind.

You seem to be missing what I am trying to tell you. If you are quite adept in the business world and it takes 10 hours a day (plus travel) then you are a very busy man indeed. You seriously do not have time to trade futures on the US market when you should be asleep. Instead of dropping 8k into the abyss of the money market via one of the schemes you have mentioned I am merely suggesting that you take me to the casino and I would have a better chance of "earning" money for you playing Texas Hold 'Em poker on your behalf. Subsequently as I do not know how to play the aforementioned card game it would be a pointless exercise BUT we would have a lot of fun before, during and after with your money.

Like I suggested and you have timetabled, the amount of energy you have placed into this motion of discovery is a mere one and one half hours in total. To put it simply, if you decided to be time efficient and have a set goal in mind, this mere 90 minutes can make you alot of money after you have spent at least 3 to 4 months of observation of the market inclusive of due diligence (as mentioned above)

My opinion is it would be better for you to stick to what you know and make as much money there as you can before you place hard earned capital into a scheme that has been torn asunder by my fellow ASFers. I believe their opinions are in the negative on the subject matter at hand and requires no further explanantion really.

I wish you the best of good fortune in your endeavours and I would recommend that you discourse to someone in your clique of companions who has the necessary wisdom in what you are trying to achieve.

By the way ... why invest on the futures market?

 

[overit]

if u r really interested, i'll sell u mine for half their price ( now whats $4 grand times 100 punters ----- mmmm ---

I must be a cheap *****. I will sell/teach you my system for a chicken schnitzel with chips topped with tomato sauce and cheese. (thats 1 chicken schnitzel/chips times 100 punters ----- mmm 1 fat barstard!)

You can pick from a MA system, stochastic system or candlestick system. Buy one and get another one of your choice for only a chocolate milkshake.

 

[Wysiwyg]

Is everyone saying ye can get the same info. for a lot, lot less?