A New Trader Documentary

Actually, I've dug into what colleges teach, it's largely fantasies. At least with vendors you know you are dealing with lying con artists. The best lies are half true, so you might learn something useful.

So you mean an aspiring MD shouldn't attend med school because they teach you fantasies? How is he supposed to learn the trade then? Go attend some $300 crap course from some charlatan he found on the internet? o_O
 
So you mean an aspiring MD shouldn't attend med school because they teach you fantasies? How is he supposed to learn the trade then? Go attend some $300 crap course from some charlatan he found on the internet? o_O

Most doctors get their education from the drug industry since that is mostly what they do...deal.
 
What exactly do you think a vendor can do for you? Nobody can teach you how to trade. Do you think they are going to reveal some holy grail that for $50 or $250 will allow you to mint free money the rest of your life? Do you honestly believe trading works that way? Some of the most highly lauded individuals in academia from the University of Chicago have been responsible for losing billions in massive hedge fund blow ups. Most finance professors couldn't rub two nickels together in the real world. But you are down with paying them 150k for a piece of paper? But wait, $250 to see how some guy trades FX and you call that a scam? Come on. I could care less for most vendors. They are selling a low quality product at dirt cheap prices. No course is going to make you into a profitable trader. However, most of these shitty product offerings do offer one thing. They plant seeds. They get you thinking about things. Even if it that thinking is how NOT to trade.

I agree with this completely based on my personal experience. A market exists only because some people are willing to sell the product and others are willing to buy it. In this case, the "educators" market exists because they have something to sell that people want to pay for. Its as simple as that. I used to blame them before having spent an incredible amount of time and money on many, many different systems, indicators and mentorships and not having anything to show for it. Now, I know what I have is something that 90% of traders don't and I wouldn't know this if I hadn't been on the grand tour of this "retail trading education" fantasy land and seen almost everything that is available out there for retail traders.

Ironically, the most valuable asset in my trading toolbox is something I learnt right here at ET for free but it was valuable to me only because I had seen all the other "educational" material out there and I could use that as a reference. Had I seen Mav's posts on the ACD thread 5 years ago, I would have considered them close to crap and moved on. The emphasis here is on the word "learnt" because as it is with many other crafts, trading cannot be taught, it has to be learnt.
 
So you mean an aspiring MD shouldn't attend med school because they teach you fantasies? How is he supposed to learn the trade then? Go attend some $300 crap course from some charlatan he found on the internet? o_O


Mav is biased against peeps who vet out vendors. Justified or not, dunno.
 
Ugh...no, episode one was NOT retail gamblers. We had two floor traders who probably make more on a bad day then you've made in your entire life. We had one of the largest HFT firms in Europe and a 200 million dollar hedge fund. So no, you "haven't" seen it. Move along now...

are you f*** kidding me?

Some poor bastard on disability at home not made a penny in 6+ years. Some poor nurse that borrowed £6k to day trade stocks and lost half of it..i presume she lost the rest. They bought into your "dream" B*S* and pay a big price for it. All those suckers at the expos...what a crock of sh**. Should ***** outlaw you lot

A group of old,dodgers wasting time trying to play the market....good luck to them but i'll guess they break even at best.

Now, you had those 2 guys managing o.p.m in forex....seemed like gamblers to me. |But we'll see.

And that arrogant, cocky, guy who claimed some hedge fund just invested £50million with him and he was a millionaire through trading forex...something didn't add up there. If he was legit then he's the first i know about. But i suspect he makes his money elsewhere.

Yes i can believe the brokers, the HFT firms are the ones making the money..the only ones. That's my point you chav!

Now move on and sell on clickbank or something
 
aha.....thought so. I thought he made his money from his fitness things but i knew it wasn't from trading..Thx for that. yes funny no-one thought to mention that....strange...probably realised no-one was actually making money.


Yes, one is a vendor. Unless I missed it, I don't think the show mentioned it. I googled around on the weightlifter guy and discovered he is actually a vendor with a site EZeeTrader where he sells pricey educational materials. Sorry to disappoint anyone. :D LOL
 
Does seem as though all of the money in the trading industry is made from selling rubbish (courses/secret indicators/etc) as opposed to trading (where everyone actually loses!)

Looks like he's doing OK for himself from his EZeetrader rubbish!! Wonder how easy it is to get rich from doing something like that? Could anyone do it??
 
No Vendors show you all sorts of things. Profits is an ambiguous word. Over a day, a week, a year,10 years? Trading does NOT work that way. Hell, I sat next to some of the biggest equity guys in the business 14 years ago. Our firm had more 7 figure traders then anyone on Wall Street. And we "tried" to teach new traders. Hell, I had guys sitting 2 feet to my right literally mimicking my trades. They still lost money. Trading is a very "personal" thing, much like sports. It's not formulaic. All you can do is a give a guy structure and hope he does something with it.

this is 100% true.
 
vendor has 100% mechanical system that make sproifits over time. 100% mechanical.

Joe public buys system but over time does not take all the signals, changes the rules, makes "better adjustments" Loses money. Labels Vendor "scamming b****" Everyone on the forums/blogs agrees with him.

That's about how it goes. Amazingly.
 
Back
Top