Wow I think you're being really sensitive about this. It was an amusing interpretation of this guy's bootcamp and quite frankly I think that anyone who responds to that kind of leadership is a joke themself. If you want to get into trading because some big-mouth prick tells you how rich he is and how great of a person he is then you're a sucker.
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GHCO-Chicago
- Thread starter ehoofnagle
- Start date
Wow I think you're being really sensitive about this. It was an amusing interpretation of this guy's bootcamp and quite frankly I think that anyone who responds to that kind of leadership is a joke themself. If you want to get into trading because some big-mouth prick tells you how rich he is and how great of a person he is then you're a sucker.
Quote from ehoofnagle:
Serenity NOW!
I went for a long walk and looked deep inside myself. I feel EXACTLY as I did before. Anymore suggestions?
Wow, you have really taken my post as some personal attack. Let me clear some things up. I am not frustrated or angry. Not in the least bit. There are so many opportunities to trade. I thought GHCO presented a good fit. I was wrong. Life goes on. I simply wanted to let others know what goes down to "audition" to become a trader at GHCO. Thats it. I wish I had the information before I participated.
What did I describe that was not truthful??What I described was spot on.
Are you a sim trader or are you trading live. My impression from your enthusiasm to defend is that you are a sim trader. Probably have been for a long time and want it to work out desperately. Maybe you should take your own advice and go for a long walk and look deep inside yourself.
Best of luck to you!!!
That's right, good idea. Make this about me instead of what it's really about. You running your mouth off and blaming other people for your own problems.
Let's review what you have stated: You want a job trading with somebody else's money, but you aren't willing to play by their rules. Hmmmmm. Okay. Then- when you discover that you don't fit the bill for a GH Trader you grump about it here casting dispersions of anger so that everybody can feel sorry for poor you. Not only that- you criticize the methods that make the company money, and heck, you even criticize Tony Robbins as well. So what I tried to do was offer you the other side of the coin thinking to myself maybe you'd come around and say gee, maybe this guys right. Maybe I should just rethink what happened to me there at GH so I can learn from it. But I was wrong. It's the "hack's" fault (as YOU called him) your not trading there- or maybe it's Tony Robbins fault because we sure as heck know it ain't YOUR fault that you're not trading at GH.
Like I said before, I wish you luck. I'm sure you're a hard charger and you'll find another shop to trade at. And I hope that you can get past all of that gunk that's making you shoot arrows at ghosts.
Quote from Drew07:
Wow I think you're being really sensitive about this. It was an amusing interpretation of this guy's bootcamp and quite frankly I think that anyone who responds to that kind of leadership is a joke themself. If you want to get into trading because some big-mouth prick tells you how rich he is and how great of a person he is then you're a sucker.
Drew, don't believe this guy. It didn't go down like that- and that's a fact.
Serenity Now,
I truly wanted to drop this but you have totally crossed the line with your bullshit babbling. I have tried to end this topic but you keep stating I am a liar so I feel compelled to defend myself.
You didn't answer my question about being a live trader or a sim trader. I am curious. I suspect you are a sim trader. A live profitable trader would not get his panties in such a bunch about this.
Have you ever traded anywhere else? How long have you traded? Are you even profitable? Have you ever been profitable? You do not have a clue about me and yet you feel you can pass judgment and question my character like your some kind of authority. Just because YOU need the "Leadership" at that firm does not mean every other trader does. Do you think thats the only place to trade firm capital? It's not.
I cant help but laugh at your interpretation of things. Your "Lets review..." section in your last post is quite funny. Go back and READ my original post. Slowly.
1. You do not know me or my trading ability.
2. You do not even know when I was at GH.
3. When did I state, "I didn't fit the bill"???When did I blame anyone for not being there???When did I ask or even imply I wanted pity, or wish I was still there???
4. When did I criticize Tony Robbins???I merely stated that Tony Robbins methods are referenced continually throughout Boot Camp.
Lastly, what did I state in my post that was not truthful? State even one thing that I lied about. You cant. So enough of your holier than though crap. Every single thing I posted was true. The boot camp is more about him and his ego than anything else. And don't sit there and tell me that he doesn't have an inflated opinion of himself. C'mon dude. I realize your drunk on the Kool-aid but lets call a spade a spade. I heard continuously that he was "the best coach in the world",that he thought he was the toughest guy around and continuously name drop about topics that had zero to do with becoming better traders.
I AM DONE !!!!!
I truly wanted to drop this but you have totally crossed the line with your bullshit babbling. I have tried to end this topic but you keep stating I am a liar so I feel compelled to defend myself.
You didn't answer my question about being a live trader or a sim trader. I am curious. I suspect you are a sim trader. A live profitable trader would not get his panties in such a bunch about this.
Have you ever traded anywhere else? How long have you traded? Are you even profitable? Have you ever been profitable? You do not have a clue about me and yet you feel you can pass judgment and question my character like your some kind of authority. Just because YOU need the "Leadership" at that firm does not mean every other trader does. Do you think thats the only place to trade firm capital? It's not.
I cant help but laugh at your interpretation of things. Your "Lets review..." section in your last post is quite funny. Go back and READ my original post. Slowly.
1. You do not know me or my trading ability.
2. You do not even know when I was at GH.
3. When did I state, "I didn't fit the bill"???When did I blame anyone for not being there???When did I ask or even imply I wanted pity, or wish I was still there???
4. When did I criticize Tony Robbins???I merely stated that Tony Robbins methods are referenced continually throughout Boot Camp.
Lastly, what did I state in my post that was not truthful? State even one thing that I lied about. You cant. So enough of your holier than though crap. Every single thing I posted was true. The boot camp is more about him and his ego than anything else. And don't sit there and tell me that he doesn't have an inflated opinion of himself. C'mon dude. I realize your drunk on the Kool-aid but lets call a spade a spade. I heard continuously that he was "the best coach in the world",that he thought he was the toughest guy around and continuously name drop about topics that had zero to do with becoming better traders.
I AM DONE !!!!!
I don't know anything about the specifics of the people and event in question, but I'd like to add a question of my own.
Why do people who either state or imply that they have both a expert understanding of the markets AND an ability to trade it with consistent and outstanding returns bother to do seminars, live chat room, write books and do training videos?
I can't see the economics of it.
To do the math:
Assume that for every hour I follow a market I can earn a return of $X-Profit. Since my time and consciousness is limited when doing the best quality job of making market decision, even with 6 computers and 12 monitors there is a theoretical limit on how many instruments I can trade. Perhaps that is 20 or 50 or 1000, but lets call
it MLimit.
Lets assume that with global markets one can trade 12 hours a day ( sleep being 8 hours and 4 hours to enjoy the profits form trading).
So one could trade 12 hrs a day x 5 days a week to make
(12 x 5) = 60 hours per week
60 hours x $X-Profit = 60$X-Profit
Now if you spend half your time writing, lecturing, talking in trading rooms, giving seminars perhaps you have only 30 hours a week to actually trade. So we have
30$X-Proift from trading
AND
?$X-Profit from selling services, books, running trading rooms,
lecturing at investment seminars.
So if one sets up some hypothetical rates of return from both actual trading and
Selling services to other traders and uses Excel Solver or something more sophisticated to solve for the unknown values, I come up with the following statements, where some part of one, several or all must contain some true elements:
1) Such people have a modest amount of money in the market, hence even with excellent trading results their profits are modest, and so the second income as a service seller is attractive
2) Such people have large amount of money in the markets but their return on account is modest, so a second income as a service seller is required to make a living.
3) Such people make more money selling services to other traders than they make actually trading.
4) Such people have extensive knowledge so they make good teachers/lecturers/authors but for whatever reason they donât make good traders even though they have the ability to teach others to do so.
5) Such people have made al they money they need form trading and out of boredom take on a new career as a service seller.
6) Being a service seller to other traders is extremely profitable.
Can anyone explain to me why with an asset that is so valuable (the ability to trade very profitability) one would sell/transfer it to others instead of keeping it for their own use?
Now I asked this of a guy selling a $3,000 system at a trading seminar a few years ago and he said he was selling it because âJesus told me toâ. Sadly that is the only answer I can come up with that makes sense.
Jerry
I spend
Why do people who either state or imply that they have both a expert understanding of the markets AND an ability to trade it with consistent and outstanding returns bother to do seminars, live chat room, write books and do training videos?
I can't see the economics of it.
To do the math:
Assume that for every hour I follow a market I can earn a return of $X-Profit. Since my time and consciousness is limited when doing the best quality job of making market decision, even with 6 computers and 12 monitors there is a theoretical limit on how many instruments I can trade. Perhaps that is 20 or 50 or 1000, but lets call
it MLimit.
Lets assume that with global markets one can trade 12 hours a day ( sleep being 8 hours and 4 hours to enjoy the profits form trading).
So one could trade 12 hrs a day x 5 days a week to make
(12 x 5) = 60 hours per week
60 hours x $X-Profit = 60$X-Profit
Now if you spend half your time writing, lecturing, talking in trading rooms, giving seminars perhaps you have only 30 hours a week to actually trade. So we have
30$X-Proift from trading
AND
?$X-Profit from selling services, books, running trading rooms,
lecturing at investment seminars.
So if one sets up some hypothetical rates of return from both actual trading and
Selling services to other traders and uses Excel Solver or something more sophisticated to solve for the unknown values, I come up with the following statements, where some part of one, several or all must contain some true elements:
1) Such people have a modest amount of money in the market, hence even with excellent trading results their profits are modest, and so the second income as a service seller is attractive
2) Such people have large amount of money in the markets but their return on account is modest, so a second income as a service seller is required to make a living.
3) Such people make more money selling services to other traders than they make actually trading.
4) Such people have extensive knowledge so they make good teachers/lecturers/authors but for whatever reason they donât make good traders even though they have the ability to teach others to do so.
5) Such people have made al they money they need form trading and out of boredom take on a new career as a service seller.
6) Being a service seller to other traders is extremely profitable.
Can anyone explain to me why with an asset that is so valuable (the ability to trade very profitability) one would sell/transfer it to others instead of keeping it for their own use?
Now I asked this of a guy selling a $3,000 system at a trading seminar a few years ago and he said he was selling it because âJesus told me toâ. Sadly that is the only answer I can come up with that makes sense.
Jerry
I spend
"I would follow that "hack" you described into the pits of hell."
Hilarious.
Anyone got a biscuit for the good doggy?
But seriously I'm sure he would go with you into the pits of hell too (whatever that means) as long as you were making good money. On a daily basis.
Hilarious.
Anyone got a biscuit for the good doggy?
But seriously I'm sure he would go with you into the pits of hell too (whatever that means) as long as you were making good money. On a daily basis.
Isn't Landmark a reincarnation of EST?
I didn't know they where into trading systems.
What kind of profitability does their system produce in stocks?
Isn't that the group that won't let you go to the bathroom for 10 hours at a time?
Some comments form the Internet:
"To round things up, everything in short:
1. THE BAIT
A friend/relative tricks you with the most sincere words into attending an introductory meeting, while appealing to your trust and curiosity, or actual weakness, or all of the above.
2. THE TRAP
Group pressure techniques and wordplay are used upon you and at least 100 more people in 3 days, during which, proper rest and natural needs are denied from you.
3. THE EFFECT
Overwhelming. Might lead to personality disorders. The Forum becomes the most important thing, not its outcomes. You might become a zealot for the Forum (without even registering for the advanced courses), or addicted to it by registering for more, or both. The real effect, most importantly, is economically beneficial to the Forum (unless, of course, you lose your mind and sue them...) "
I didn't know they where into trading systems.
What kind of profitability does their system produce in stocks?
Isn't that the group that won't let you go to the bathroom for 10 hours at a time?
Some comments form the Internet:
"To round things up, everything in short:
1. THE BAIT
A friend/relative tricks you with the most sincere words into attending an introductory meeting, while appealing to your trust and curiosity, or actual weakness, or all of the above.
2. THE TRAP
Group pressure techniques and wordplay are used upon you and at least 100 more people in 3 days, during which, proper rest and natural needs are denied from you.
3. THE EFFECT
Overwhelming. Might lead to personality disorders. The Forum becomes the most important thing, not its outcomes. You might become a zealot for the Forum (without even registering for the advanced courses), or addicted to it by registering for more, or both. The real effect, most importantly, is economically beneficial to the Forum (unless, of course, you lose your mind and sue them...) "
Quote from ehoofnagle:
Firm has you come in for a hack self-help Tony Robbins "Boot Camp". This lasts one week. It is taught by an ex-bond floor broker who passes himself off as a trader. Oh, and he's also the baddest man on the planet, just ask him. Absolute joke in every sense of the word. Between his worthless name dropping, story telling and bored attitude w/ the whole thing I could not help but be amused by the whole charade. He literally puts down grown men and makes them feel worthless. "You can't trade, your pathetic...etc" And these people sit and take the abuse????Then after his week of stories about how wealthy he is, what a great father he is, what a great trader he is, your supposed to simulate trade until he decides if your good enough to go live. Allegedly traders are making money. However, I believe the majority are not profitable and only a few are doing very well. There are people sim trading for 3-6 months. Absolutely no direction at all. 50/50 split with a desk fee of about 1500 + a measly draw of about 1300. And thats if you ever go live. DO NOT BOTHER!!!!
There's usually at least one guy like this at a lot of firms. I found it amusing, can break up an otherwise dull or stressful day with a laugh.