Educators who Have Zero proof they even trade (99%) - wtf?
- Thread starter KCalhoun
- Start date
About his book; If you liked the article you'll probably like the book.
@Ken Calhoun; $10,000 up 340%; small account great result. Is he contravening regulations?
One other thing that caught my attention was this comment. "I spend more time on the losses since that is where the most learning takes place."
He cant seem to do simple percentages properly, 44K profit on 10K is 440%
And the third line is wrong too. It should be 1203% instead of 1188%.
Or he made a typo and took the 5 instead of 3 in the profits.
Did somebody check his returns??? Just to be sure., as his math is not 100%.
John Carter is legit, he caught the big upswing in Tesla shares with call options which leverd an already big move. Problem is, past performance can never guarantee future results. Same goes for star fund managers.
John Paulson was a big winner in the subprime Crisis, but he lost his mojo afterwards !
https://www.cnbc.com/2018/03/16/joh...tune-betting-against-subprime-cuts-staff.html
John Paulson was a big winner in the subprime Crisis, but he lost his mojo afterwards !
https://www.cnbc.com/2018/03/16/joh...tune-betting-against-subprime-cuts-staff.html
To be successful in trading, one needs to master his emotions, if you can do that, mechanics can be learned. these so-called gurus use their good trades to attract sheeple, as long as they pay
monthly fees, they can trade with no emotional attachment to the money that keeps coming in.
monthly fees, they can trade with no emotional attachment to the money that keeps coming in.
Yes some of those trades I take but I trade in size so margin is maxxed out and so I couldn't take all those trades. I don't bother to do any accounting with this as it is purely for education purposes. 99% of the population have no idea about options. I typicaly made 40% per annum, I'm a crappy trader and I've always had to go it alone as complete outsider.
I met JC about 16 years ago- he's the real deal and he started with next to nothing -apart from having a trader for a father.
Because the world is full of losers who want to believe that they can achieve everything without doing anything.
Educational scammers are good at making money on lazy and greedy people. There is nothing more tempting to heat that you can earn millions of dollars just sitting in front of the computer and pressing the right buttons which we will teach you. Such 16-year-old youtubers with the expensive rented cars can persuade idiots to buy 'trading courses with the discount of 90% for first 5 applied people'. That is just marketing and I treat such scammers like the indicator of level of education in modern societies. Such scammers will always exist until they are in high demand. Why are they always in high demand? Because stupid people want to believe in miracles and fairy-tales. Markets are not for such people. If you are not sober and you don't want to count the money frequently, there is no place for you in the market. You'll lose everything that you invest and you'll end up applying for the regular job with no money in your pocket.
Educational scammers are good at making money on lazy and greedy people. There is nothing more tempting to heat that you can earn millions of dollars just sitting in front of the computer and pressing the right buttons which we will teach you. Such 16-year-old youtubers with the expensive rented cars can persuade idiots to buy 'trading courses with the discount of 90% for first 5 applied people'. That is just marketing and I treat such scammers like the indicator of level of education in modern societies. Such scammers will always exist until they are in high demand. Why are they always in high demand? Because stupid people want to believe in miracles and fairy-tales. Markets are not for such people. If you are not sober and you don't want to count the money frequently, there is no place for you in the market. You'll lose everything that you invest and you'll end up applying for the regular job with no money in your pocket.
People do it to themselves cause let's face it, way too many lazy people. I started 8 years before home computers which meant to chart the Dow 30, took hours by hand, by time home PCs came out, I was good at charting. I doubt most would now learn by hand let alone take 2 years and learn to program ideas.
Reading on this forum, new people should grasp how hard this is for everyone, even very gifted intelligence. The markets to a degree are controlled, seldom read producers go bankrupt or market makers. It not luck either. Yes, we all read some huge trader busts out, am sure he violated risk rules.
And one hit wonders like Larry Williams who did over 10,000% one year, but most didn't know entire deal of him having multiple accounts and he was having steep drawdown when year ended. But the masses popped huge sums to get his systems, even me, but I bought it and tossed it into a pile of material I was buying to test years later.
Most people who "teach" don't teach, really takes a 2 year commitment as there is so much to memorize, very very few people actually want to learn this long. And most teacher's don't have the knowledge or want spend 2 years with anyone.
So new people are just plain like deer in headlights, they have no clue where to turn and want easy life, dreams of grandeur, they don't want to work long hours in the hardest job on the planet for most. They see "neighbor" say he doing well and think damn, I am smarter than him, this should be easy.
Most of those who PM me in past have no clue when not to take signals, know nothing of risk, management of position or backtest.
Some guy/gal offering to teach over a few months is teaching a system, guess what, you have to be very knowledgeable of when drawdowns exist and if too many people are doing that system, larger traders will force protective stops be triggered and they reverse.
Life is good as I wait for stops to be triggered so I can get in.
Want to become a doctor? 10 years from high school before making bucks, many have said it easier than learning to trade.
Trading is about very hard long hours, lose your emotions and memorize patterns.
Reading on this forum, new people should grasp how hard this is for everyone, even very gifted intelligence. The markets to a degree are controlled, seldom read producers go bankrupt or market makers. It not luck either. Yes, we all read some huge trader busts out, am sure he violated risk rules.
And one hit wonders like Larry Williams who did over 10,000% one year, but most didn't know entire deal of him having multiple accounts and he was having steep drawdown when year ended. But the masses popped huge sums to get his systems, even me, but I bought it and tossed it into a pile of material I was buying to test years later.
Most people who "teach" don't teach, really takes a 2 year commitment as there is so much to memorize, very very few people actually want to learn this long. And most teacher's don't have the knowledge or want spend 2 years with anyone.
So new people are just plain like deer in headlights, they have no clue where to turn and want easy life, dreams of grandeur, they don't want to work long hours in the hardest job on the planet for most. They see "neighbor" say he doing well and think damn, I am smarter than him, this should be easy.
Most of those who PM me in past have no clue when not to take signals, know nothing of risk, management of position or backtest.
Some guy/gal offering to teach over a few months is teaching a system, guess what, you have to be very knowledgeable of when drawdowns exist and if too many people are doing that system, larger traders will force protective stops be triggered and they reverse.
Life is good as I wait for stops to be triggered so I can get in.
Want to become a doctor? 10 years from high school before making bucks, many have said it easier than learning to trade.
Trading is about very hard long hours, lose your emotions and memorize patterns.