Not only Guppy,but Williams,Weinstien,Shwagger (Hmm bad example) etc.
Well one of them was banned ever from taking money ... from the public about 30 years ago, same one was charged when leaving Australia, and permanently banned from speaking at any institution that dealt with the public here. The winner is ? Which one of the above ? \
Schwagger ... JAck ... nice guy ... interesting book and he makes NO claims to be a trading guru, he interviewed a lot of people and shared their ideas.
So that leaves two ? hmmm ... which one claimed to have made 6 million and lost 9 million for clients ... Google Winner takes all ... William Gallagher ... its amusing and sadly true.
Frankly I think Guppy is a brilliant business man.
Will pay that one ...
The one question which has always bothered me about the publications of so-called " gurus " is that if their methods / systems are so successful , why would they fall over themselves to share the knowledge with every Tom , Dick and Harry-ess .
Would not such a process defeat their own trading performance in the long run as more and more trading competitors use the same methods / systems ?
As someone who DOES use tech stuff, but DOES NOT like the grubs that try and sell secret systems and like say Williams, who ...
was and is a crook. Having had a lot of resources at various times I have tested most of their theories and secret systems ... they at times sold to the unwitting for $10,000 a pop ... and none work. NOT SAYING tech trading and discipline DON'T work ... but even there I have an issue.
Its more along the Christian but Catholic verses protestant ... some seem to think ... only a tech trading and charting type thing will work, I don't dispute its helpful .... even profitable ... if one stuck to it like glue ... trading rules and money management. Sadly 99% of people DON'T and cant.
My digression is and insistence is .... If you DON'T know what a company is worth ... DON'T BUY IT .... which is fundamental valuation ... only an imbecile pays $50,000- for a car without a mechanic looking at it if its second hand. But nope .... lets buy a stock without a glance under the hood !!
Each of course to their own.
Few of the book sellers actually make money trading. Guppy has some followers, and his indicators are on my main stock trading platform as technical studies and that linked to a computer and back-testing which took all of an hour ... with the toys I have and not one of the things he has did anything special on 15 different commodities and currencies and index's I tested them on. Visually they are pretty ... in fact a bloody nightmare ... I rarely look at a chart verses a computer program ... visually ... the eye can trick you and make you see pretty girls floating in a chart of a complete disaster.
Pretty much standard fare ... with secret systems and course sellers. They do have a role, basic education and so on, but expecting to be sold something that works ? Well
I am sure better tech traders have something that works for them ... their style and personality and risk profile and so on ... AND are likely quite successful for some.
That said, if as I am SURE we have some here reading that ... in that category ... who make money purely tech trading, their system ... if they could bottle it, sell the rules ... IT BECOMES self defeating firstly when too many trade that way. All are trying to sell and stop loss at the same time. What works for successful tech guy ... will not work for someone else.
As to canned high frequency stuff, well ... yes ,,, they work but unlikely at a retail level as they require LOW to ultra low brokerage costs. They too rely upon trading say a basket of 200 things, and at any one time the way one market is behaving and system and its loosing money and needs tweaking .... so you have 150 over time making money ... 50 not .... net say of 100 ... making money and some serious if not massive computer power, capital and ultra high speed links to exchanges needed to even think about it.
As to Daryl's net worth ... a big plus from selling books and 67k for 3 nights seminars !! Trading wise ? No idea and since I have actually looked at his systems in due course, so to Williams and most of them ... they are NOT worth a pinch of ... ca ca ...
There is no secret 100% system ... you likely will be sold one ... that works perfectly and form fits .. and has been form fitted for the last 12 months in say Soyabeans or Natural Gas .... that will likely turn out to be the WORST system you could try looking forward.
Since not a devoted ... Tech only follower ... but one who insists on bloody fundamental analysis for say stocks ... I am sure I may have annoyed some with some history shared on the snake oil selling trail.
As I have at times been the ONE going to ASIC and having one getting the Sydney Futures Exchange to remove a speaker mentioned who was barred in the USA from even taking public money ... which with no rules USA is hard ... SFE is now owned by the ASX ... I have to say he was and is so disgusting its a testament in his case, not Daryl ,,, but another past popular book seller and course seller how his REAL track record was a crook and Australia loved him, Singapore did as well ,,, till ,,, whoops got barred there as well ... sorry but he really annoyed me and I am not sorry at getting the turkey barred .. as I said I don't like crooks.
The book "Winner Take All" old now, is a great one. Worth a read and likely for free somewhere on the internet.
Best secret trading system is that 3 kilo lump of meat on your shoulders, called a BRAIN !!
Have fun