In case this is a legitimate thread...
Your friend made slightly over 1.150 in May... yet he has an unclosed position with a loss of > 600 when his biggest winner is 152???
Also, you posted:
Quote from Vespasian:
This is a simple solution.
Every trading system fails eventually so don't waste your time with any of them.
Including JR's
Including your friend's friend's system?
Plus, you posed a similar question about half a year ago.
Quote from Vespasian:
SMB Capital - Reading The Tape Course
Does anyone have first hand experience with this course ?
I have a profitable trading method but I lack skills in tape reading Level 2 and order execution and want to improve my results.
$1700 seems reasonable but I was hoping for some feedback from others that have gone through it.
Thanks
To which TraderZones replied:
Quote from TraderZones:
more than 99% of these offerings don't work. The only thing you will learn, is you should not send $1,700 to ANYONE without an AUDITED track record/verifiable broker statements with good stats, a long history, a free trial, etc. etc. And why would you spend $1,700 based on anonymous replies to an ET thread? How would you know it is not a vendor shill or someone yanking your chain?
This tape is likely the only money the "teacher" makes with his method...
If you did not get this, then you are definitely a newbie or are spamming for the course.
newbies chase unsubstantiated systems and then find out they are valueless. You keep this thread alive, and expect some anonymous poster to help you make the decision? Several have responded - are you going to circle for months until you get confirmation from a 9-post person you never met?
Furthermore - this is incredible... - you said of Don Miller $10,000 training program:
Quote from Vespasian:
The problem is you will never know the TRUTH.
The traders that lose money will disappear in embarrassment for being so stupid to fork over 10k.
You may here from 1 or 2 that do ok but it's my opinion that these guys would make money with a simple MA cross over method just as easily.
Successful trading has almost nothing to do with the style employed and is 95% psychological and attitude.
I do believe that Don makes money, what I don't believe is that it can be learned in a 10k seminar over 30 days.
The reason I call Don a slick salesmen is I think he knows this too and that's what I believe is WRONG.
Definition of a Whore = A person who charges for sexual favors in exchange for money.
Fork over 10k and get FCKED royally.
And you don't even get a dinner or kissed first
(and)
He use to charge $499 for the same material / edges that he now charges $10k for.
This guy is such a professional salesmen it's not even funny because he has actually made people believe it's worth the difference.
The saddest part is he actually believes his own BS. Deep down he knows that 80% of the people he teaches this to, will still not make a dime in the long run.
This to me is a sociopath.
When told that a successful trader would never charge a newbie to teach him for a few hours (i.e. that he would do it or not based on whether he liked the guy and felt like giving him a hand or not, but not for a few thousand dollars), you said:
Quote from Vespasian:
NOBODY does anything for FREE !!!
Especially in the financial world.
Mother Teresa's are very very few and far between.
I paid for a mentor and I was very happy with the results.
If you already paid for a mentor and are very happy with the results, how come you're not already profitable and WTF would you want another mentor for? Wait... you're not looking here for another mentor, you're looking for somebody to PAY YOU 2,000 USD for relaying some rehashed second hand information that supposedly comes from some guy who makes 4,000 a month with a 20,000 account... (by the way and while we're at it, what kind of trader makes 4,000 a month and trades a 20,000 account??? uh?)
To sum it up in your own words:
Quote from Vespasian:
This deal doesn't make sense.
Your value is not equal to your partners.
(and)
I've never been school smart but I've made millions of dollars being very street smart.
It all comes down to motivation.
(and)
Have you ever heard the term:
Bait and Switch ?
I have.
Have you?