Louise Bedford course

[mrnovice]

Hi
I am obviously as the name suggests a novice to this forum and probably general trading!

i have read about many trading gurus and mentoring program and one that has grabbed my attentio is the so called Mentor Program!

My questions to my fella traders are

1-Has anyone ever taken that course? if not

2-What other trading courses do you recommend.

Thanks

 

[Gundini]

Hi mrnovice. Here is a thread that may help with your questions.

http://forum.incrediblecharts.com/messages/12/504214.html

 

[kavla1970]

I did the Mentor course and I combined it with some of the trading strategies I found on this forum (tech/a in particular) as well as reading practically everything I could. Nick Radge(followed it after reading tech/a posts) forum is fantastic as well and he has subscriptions and videos. I also heard of a bootcamp course by Jim Berg but I don't know anything about it (although he is a Metastock wizz).

I do have to mention that Mentor program doesn't focus on Candlesticks but more the traders mind set, Indicators, expectancy,setting up your trading plan and the like. It was in two parts, Louise takes you through(if I remember correctly) 12 weeks of her take on the market and then Chris Tate(who is a Genius me thinks) gives you on a no bull**** view of the market(10-12 weeks).

It took me many years and lots of "I feel like quiting" to finally find a system that I know works for me(and has a postive expectancy when tested on TradeSim).

To be honest I find this forum to be the best source of information as well. I'm not a poster but love reading all the different view points. You can't go wrong going through all the threads here too. Esp posts from professional traders.

 

[zac]

To be honest I find this forum to be the best source of information as well. I'm not a poster but love reading all the different view points. You can't go wrong going through all the threads here too. Esp posts from professional traders.

How do you tell who the professional traders are?
A lot of the times I cant sift the good from the bad so figure most of it is BS.
I find lots of posts here off putting because of peoples negative slant on things.

90% of trading is the mindset and Im constantly reminded I think that many here lack that 90%.

 

[kavla1970]

How do you tell who the professional traders are?
A lot of the times I cant sift the good from the bad so figure most of it is BS.
I find lots of posts here off putting because of peoples negative slant on things.

90% of trading is the mindset and Im constantly reminded I think that many here lack that 90%.

I like reading about people's trading systems and sometimes you come across an answer here to a problem you have experienced in Trading and you go with it. But most of my rules are fixed.

I just follow a set of simple rules I developed after doing LB & CT course. And I trade Oil and a few Indicies. I wanted to keep it simple for a few years as my system is short term(my definition, a few days to 2 weeks) and there is no point trading a hundred securities if I can't trade just a handful.

I wanted to rely on a moving average exit but wasn't sure which one to go with and I read Tech/a system and used one of the MA's there. So it was helpful for me.

 

[joea]

How do you tell who the professional traders are?
A lot of the times I cant sift the good from the bad so figure most of it is BS.
I find lots of posts here off putting because of peoples negative slant on things.

90% of trading is the mindset and Im constantly reminded I think that many here lack that 90%.

Do you want to know who the traders are, or who the profitable traders are.?

Trading is about Mind, Method and Money Management with the emphasis on the last.
Any mug can put a trade on. The fool loses, and the one with money management has a chance to be profitable.

Tech/a is currently attempting to give a overview on the topic of Technical Analysis.

I would bet that 90% of traders spend 90% of the time looking at charts etc., and still do not have a trading plan or a Trading Check list.
i.e. Trading Checklist covers,Code, entry criteria, exit criteria, Risk Management, Position traded, Profit/ Loss on trade, Profit/Loss monthly and Comments.
If you do not have a monthly P/L you cannot tell when you have been confined to the sin bin. One A4 page is all that is needed. Add chart to it and file.

If you add slippage calculator to that, then that would be an aid to gain maximum profit from trade, but it can be done outside the checklist.

joea

 

[alocineel]

I too have been looking at doing a mentoring course - any opinions on T4T(B Gilbert) or G.Norden & the 1-2-1 mentoring they offer?

As with all these mentoring courses, there are reasonable sums of cash to outlay, and many dodgy 'guru traders' around.

Cheers

 

[Vicki]

I've a friend who's completed her & Chris Tate's course..cost 7k

Having read their material before, they appear to be knowledable people who have their morals in check...eg. they'll emphasize on position sizing & not risking more than 2% at any one time etc.

Which is a head & shoulders above most shyster shameless scam-artist out there...re-Bill Stacecy, Andrew Dimitri & Planet wealth [the newby meat grinder], who send families broke etc.

But, for all the good technical info, on having a strict plan...so much so, that even your Granny could follow it ..no emotions, just a thorough trading plan etc.

Well forgive me for yet again being a little sinical...But, ask for the grand masters to lead by example with just one such 'trading plan' based on this'n that [doesn't have to be perfect]...But..Alas..they just CAN'T do it!!!!

Chris Tate, bases his persona on a martial arts type discipline...No if's or buts, just stick to the rules/plan etc.

Well, imagine going to a martial arts school [kung-fu etc.] and the grand master, couldn't at least show you a display of how it's done..maybe sparring with another black-belt student?...But instead made up excuses...

I'm not being mean...but hey...you wouldn't have much faith in your instructor would you???

So my conclusion is, their strict trading plans etc.. are fallacy.

If it was possible..for 7K , you think they could at least lead by example?

So, by all means, read their books for info...but forget the folly of their expsensive trading training programs/courses....It's just whole-sale money making for them.

A hundred students a time..paying 7k...with non commital answers at the end?

Well at least they tell you to be careful..that's something.

regards,
Vicki

 

[tech/a]

Nick Radge runs 5 live for his students at a little over a grand a year.
Google him

Even if they had a plan which you follow like a Kung Fu master if it's flawed and loses money then no amount of planning or discipline is going to make you profitable.

 

[Vicki]

Can't argue with that Tech.

 

[tech/a]

Can't argue with that Tech.

Actually you can follow one of Radges portfolio's for a year at under $400
The most popular I believe is his Growth Portfolio---which I also follow--- more for the methodology and the way he manages his trades,than the trades themselves--is around $680/year.

I certainly understand where your coming from---dont mis understand me.
There needs to be accountability on both sides---educator and student.

 

[Buckfont]

Vicki, $7000!!! I smelt a rat here myself soon after the emails started arriving for the mentor programme. Did it out of curiosity more than anything. It was all a bit too slick and pushy for my liking especially when the time limit for joining was about to expire and they kept on with the guilt trip. Put me right off.

Now see they only do it for one thing and it isn`t through the kindness of their heart.

Been around too long to fall for that one

 

[pavilion103]

Actually you can follow one of Radges portfolio's for a year at under $400
The most popular I believe is his Growth Portfolio---which I also follow--- more for the methodology and the way he manages his trades,than the trades themselves--is around $680/year.

I certainly understand where your coming from---dont mis understand me.
There needs to be accountability on both sides---educator and student.

I also follow Nick Radge, but on his short term ASX trades. Well worth it imo. $33 per month.
He even had a sample of previous short term trades from 2008 which I spend a few hours pulling apart and learning from.

 

[pavilion103]

Vicki, $7000!!! I smelt a rat here myself soon after the emails started arriving for the mentor programme. Did it out of curiosity more than anything. It was all a bit too slick and pushy for my liking especially when the time limit for joining was about to expire and they kept on with the guilt trip. Put me right off.

Now see they only do it for one thing and it isn`t through the kindness of their heart.

Been around too long to fall for that one

$7,000 seems absolutely insane for a course. I'm all for paying money to do my apprenticship, but for what you can gain from much cheaper sources, $7,000 is ridiculous.
In fact, just from two e-books - Master the Markets and one of Wyckoff's courses (which I got for free) I have been able to build a profitable system and gain a good understanding of trading and the markets.

Even if you bought a bunch of books for $30-40 each and read through them you'd probably get more than paying $7,000 for one course. Signing up to Nick Radge for $33 per month, on it's own has been a vlauable source of learning for me.

I really don't see the need to pay for an expensive course. Pay the price in time instead, not huge dollars!!!

 

[saham]

Would love to join the course for next year, but the cost is $14000!

Perhaps, finding a course in USA is a better option.

 

[CanOz]

What do you think the course can teach you that is not available in the public domain?

CanOz

 

[saham]

Anyone attending Louise Bedford mentor program 2013 & paid $15,000?

Just curious if anyone will be attending her course this year and actually paid $15K.

 

[tech/a]

Re: Anyone attending Louise Bedford mentor program 2013 & paid $15,000?

Why would anyone do that!

 

[Garpal Gumnut]

Re: Anyone attending Louise Bedford mentor program 2013 & paid $15,000?

Why would anyone do that!

+1

gg

 

[sails]

Re: Anyone attending Louise Bedford mentor program 2013 & paid $15,000?

Why would anyone do that!

Agree - does she trade or just write books?

$15,000 isn't going to guarantee success in the market, that's for sure. I paid for courses with Safety in the Market and Optionetics and it didn't help me to actually make money. One felt all good and fuzzy during the course but ultimately decided courses are a shocking waste of money.

Although the marketing of these courses can be hard to resist. They have testimonials that suck one in. I remember Safety in the Market had one guy who they flogged constantly who made a 6 figure profit around melbourne cup day. Of course that sort of thing sucks people in - it did me at the time but then I didn't have ASF to ground me then!

That's my