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No Ordinary Duck
- Joined
- 14 October 2004
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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
Sails
I'II bet there was no practical application in the course.
Correct me if Im wrong but Ill bet it was filled with
"Look this happened THEN and this Pressure point showed that that's EXACTLY where it was going to happen"
Or similar.
Nothing about how to put all this theory into a practical/profitable trading method---going forward next day/week/month etc.
Lets think about this a little more.
We will make the assumption that "The Professional" is all of that and
has put together a fantastic programme which will indeed teach you "how"
to trade ---PROFITABLY. The course gives you notes and power point
presentations with a DVD you can re visit at you leisure. The Professional
speaks for say $300 when in town so they are in demand and travel a lot
write books etc.
So they can make $30-60K at a speaking engagement--why--demand.
I saw Guppy fill 3 rooms in a row (Separate nights) at $150 a night and 150/ room.
In Adelaide---where most are asleep by 7.30.
So lets say they see a demand for specific education. Mentor-ship.
Your not going to be able to do that with a full room of people so you need to drive
attendance by price. 5 x 14000 or say 10 x $7000
Really if your a pro are you going to deliver a quality "mentor-ship" for less?
There is a heap of work in these if done correctly---in the background before
presenting to during and after.
Ive attended a few ticklers in my time and been thrown out of one when my
questions hit raw nerves---mind you 15 mins later there were at least 20 people
lining up at 2 tables to sign up for the $15K course---they just didnt know what to ask
let alone what they NEEDED to know.
But back to my point.
Your not going to get quality education for peanuts. The educator needs to either do it with
volume and low price or high price less volume---If you know how to trade/run a business or
a household you'll be following me.
The problem lies in those who are attending.
Their expectations in particular. They expect instant profit---no loss or financial pain.
It must happen now.
Personally I think there should be seminars on what you really need to be educated in to
make a go of being profitable.
You have to understand that even a mentor-ship is just a step in the marathon not beginning and end.
If I include software costs,education which I've paid for,books,computers,data without my time
Thats around $35000.
Over 20 yrs and still going.---Oh and a $20K loss in year 1.5 which taught me I wasn't the genius I thought I was.
My return from the time and money invested has been worth it. X around 9X investment.
So expect a cost a substantial one--but best become an expert FIRST in what you really NEED to know.
Why would anyone do that!
I have to say that I did find it curious that Nick Radge called his last book Unholy Grails.
You either need a robust system that is developed by a very experienced smart person or people who are more experienced and better at developing such a system than you can hope to be or could do in a relatively profitable amount of time!!! But even then the art is you need to be able to stick to it through thick and thin!!
Almost, no one can trade profitably in a human untested unsystematic way.
Which is something you need to know and use to your advantage.
You can be taught to bat but there aint many Bradmans, Buffets or Jobs.
So they say - risk reward for short to medium term trading - 90% chance of losing 10% chance of winning.
Gonna take that trade?
Just curious if anyone will be attending her course this year and actually paid $15K.
My take is that examples of Long term profitable methods along with interviews with long term profitable traders
presented the "Holy Grail"
But when you actually look at what makes the profit its not all that Holy.
Yes you do.I dont know why people see this as so hard.
You don't have to be in the 90%
Yes you do.
People second guess the robust system and make the same mistakes as they do when trading normally.
They can't stick to the system they think maybe they can beat it or can't stick to it when getting chopped up in a losing period, or press the button when a trade seems crazy, .
People don't suddenly become a machine to operate the machine, they have to push the buttons, (in Australia any way). Or you can pay a lot more to have one of Nicks team press the buttons for you whilst you hit a little white ball around to stop yourself meddling.
I must be a truly special DUCK.
But... top title for a trading book, despite my opinion of him.
This opinion
Developed from personal contact with the man
Or
??????
I'm sure everyone, including you, has opinions on people they've never met, but I have actually met him....
...then of course there is interaction via various fora over the years.
Tall poppy syndrome is alive and very well.
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