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Sorry to hear that man....he has cost me plenty of money, too, though, never that much. Good luck working your way out of it.

Great post....couldn't have said it better myself. The fact is, if these guys ever succeed, there it is very likely that they will blow there account at least once.

I've had this shit happen to me. I have paid the same bill 3 times over the past 4 years. Everytime I refinanced, I've paid it again. What' worse, It's a bill from a Texas utility company, I have never lived in texas. I figured it was easier to pay the couple hundred bucks then hastle...

I would get in contact with Jake Bernstein. He has worked some of those markets back to the early 1700' s on the AG products.

My main trading account provides my income. I try to build it up by 6 to 10% a month, and pull out enough to live off of, generally once a month. My other accounts, my goal is to build them and let them compound. Only pulling money out to pay taxes, and costs associated with them. EDIT: I...

If that's the truth you should have no problem citing your source so we can independently verify your information. I seriously doubt that this happened, although he admitted he lost some money for his clients, no one was wiped out.

It doesn't need to be verified! He told an entertaining story, whether you believe it or not is your problem not his.

I love the part where you deny being a racist because you have several children over in korea. :)

Those guys wouldn't admit it anyway, I am of the opinion that what we do is pretty simple. That success leaves clues, and that anyone can learn to be a profitable trader. That doesn't mean they will be a market wizard, but they can be consistently profitable.

Indeed I did think it was money well spent. I have been to two seminars, and saw him chalk up profits of around 80 grand. While attending, I wasn't fortunate enough to make 80 grand, I only made somewhere in the neighborhood of 10 or 12 grand, which ain't too shabby, IMO!

It wasn't done over eight days. He traded real money in front of a live audiance a couple times a year. The seminar was 4 days long and the money was made over the course of a few years. He proved one point, that he actually trades and makes money trading. As for larry's material, I...

Just curious, how do you react when your stock opens $3 against you, or your futures opens $1600 per contract against you? Thank you sir may I have another? Or do you yell out a few explicatives yourself?

I think I bought everyone one of his books....and probably still have them around. :)

Thanks while it is noteworthy, I think guys coming in today can get profitable within 30 to 60 days. It is just a matter of getting some good coaching, a gameplan, and a good strategy.

It took me 4 months to develop the consistency to take money out of the market nearly every day. If you want to shorten your learning curve, find a good mentor.

We'll just have to see. I am concerned, only because I don't like change, especially when it might take away a "bread and butter" strategy, but it will likely open the door to other things that will make money. That I do believe. In anticipation of this, I have been expanding my strategy...

Keep this in mind, most people overestimate what they can do in a year, and underestimate what can be done in 5 years.

I know how you feel. Just reaffirms what we already know, almost always, you get what you pay for. The one thing I never skimp on is computer equipment. Every cheapie I bought in the past has failed to live up to my expectations. gotapex.com is a great place to find good deals on laptops...

No you didn't....quit kissing arse!