Before you spend $1 on a system read this.

[G_Morgan]

I'm sorry, but that's all hogwash.

The best two systems I have seen:

-------------------------------

No references

No statements (although one had the results of their hedge fund to back it up, when questioned--the hedge fund was not mentioned on the webpage)

14 day money-back guarantee on one, nothing on the other.

-------------------------------

Especially references... A con is more likely to give those (friends) than a real researcher.

 

[G_Morgan]

I think: That's all hogwash.

The best two systems I have seen:

-------------------------------

No references

No statements (although one had the results of their hedge fund to back it up, when questioned--the hedge fund was not mentioned on the webpage)

14 day money-back guarantee on one, nothing on the other.

-------------------------------

Especially references... A con is more likely to give those (friends) than a real researcher.

 

[harrytrader]

>He was the biggest thief I ever meet and if he wants to sue me >go right ahead and try because he is and he knows it.
This is a big claim: what did you do and what did he do ? If you refused to pay him after he has given his course, well it was up to you not to accept the deal before because legally he would be in his right then

Quote from Samson77:

Avalanche

I will give you one example, I sought out systems and methods from people that advertised with the same credentials in the futures markets that I had in Equities and Options.

For example this guy claimed to be an cbot floor trader for 15 years and that he would be my peer.

www.jonathonstone.com

He was the biggest thief I ever meet and if he wants to sue me go right ahead and try because he is and he knows it.

I have since meet 3 others that have been scammed by this fraud.

He uses intimidation and manipulation tactics like a tiger shark but the results of his system where soooo obviously bad that only a fool would trade it longer than a week.

 

[limitdown]

Quote from Samson77:

Over the last 6 months my trading has become profitable (not totally consistent yet) but none the less very profitable.

As I reflected on the last 2 years and all the money that I spent on different trading systems, which ranged in prices from $100 books to $7000 seminars. The grand total is $40,000.00 then add to that $60,000 dollars in trading (losses) trying most of it out in the real world.

I wanted to write a post to share the lessons that I learned from it all so that the wise people on this board could learn from my mistakes.

Before you buy any system/method there are three simple rules that you need to follow if you want to make the right decision.

INSIST ON ALL OF THESE OR YOU WILL BE SORRY

1. A minimum of 4 references ( home numbers ).

2. If they are advertising profits on there web site, demand real proof (Statements)of the advertised results.

3. A 30 day money back guarantee (unconditional).

If you strictly follow these 3 little rules with NO exception you will be safe.

Now the vendors will give you all the STUPID arguments to defer you from providing you with these things but the simple fact of the matter is that UNLESS they agree to give you everyone of these 3 things and completely co operate with you , you can be guaranteed that you will be VERY SORRY you paid them a penny.

I was $99,000 dollars worth of sorry and only $1000 dollars worth of satisfied.

The truth of the matter is that trading is really all about perspective and the methods that work the best are the ones that give you a perspective on the market that makes it, make sense to you.

Find what makes sense to you and buy all the cheapest material you can find on it, which in most cases is just $50 books (After all there is really nothing new, most of it is just repackaged old classics).

Doesn't matter if it Fibs, Gann, Indicators of all types, Astrological charts or in my personal case just plain old Price Action.

If it makes the market understandable to you, than that is as GOOD as it gets. END OF STORY.

Sorry but that's really the truth, the faster you learn it the closer you will be to profit.

I hope this helps everyone and I wish ALL prosperous and good trading.

you will be very safe indeed....

alone,,,,

and never attend any of those shows...classes....or Pristine seminars......

 

[bobdec]

Thanks for the post on systems. I am thinking of possibly purchasing some systems and I will use your advice about your 3 little rules they make sense to me. They should probably be called the 3 big rules.