Guru Dennis Bolze missing
- Thread starter DWV
- Start date
MarkB,
What you did is known as common advertising. You gave away samples of your work with the anticipation of drawing in new customers to your paid service.
There's nothing wrong with this. Just don't act like you're a benevolent soul in all of this. You're not. You're a vendor looking to extract dollars from the pockets of other traders in exchange for something that supposedly will help make them better traders.
This is a common tactic in the trading education biz. A vendor of "trading educational services" comes along and acts like a friend (because you attract more flies with honey and all that), draws in a following and it's all made to look like one big happy family making money left and right from the comfort of your own home while being with a bunch of "trading buddies" in a paid chat room. Naturally, this has the intended effect on the new customers' psyches by having them drop their normal guards to facilitate the ultimate reason for the business: to extract money from them in exchange for "trading knowledge"
Trading is not a team sport and it is NOT about mixing friendships with the exchange of monies. It's far more about YOU KEEPING YOUR DISTANCE FROM OTHERS so that you can better discern where the crowd mentality is planning on taking the market next. If you want to be the best trader you can be then STAY AWAY FROM ANY CROWD. If there are any good truthes in trading, then this one is near the top of the list.
Unfortunately, there's a lot of stupid 50+ somethings who cannot get this through their thick trading skulls and so become an easy mark (pun intended) for "educational trading services". And you ask why so many fail at trading? Again, aside from the obvious money management issues in trading, this one is at the top of the list of why so many at-home traders fail.
But I digress. The thread is not about this. If a vendor who actually benefited financially from an association with Dennis Bolze hadn't tried to pull a reality distortion here, you never would have seen a post by me.
What you did is known as common advertising. You gave away samples of your work with the anticipation of drawing in new customers to your paid service.
There's nothing wrong with this. Just don't act like you're a benevolent soul in all of this. You're not. You're a vendor looking to extract dollars from the pockets of other traders in exchange for something that supposedly will help make them better traders.
This is a common tactic in the trading education biz. A vendor of "trading educational services" comes along and acts like a friend (because you attract more flies with honey and all that), draws in a following and it's all made to look like one big happy family making money left and right from the comfort of your own home while being with a bunch of "trading buddies" in a paid chat room. Naturally, this has the intended effect on the new customers' psyches by having them drop their normal guards to facilitate the ultimate reason for the business: to extract money from them in exchange for "trading knowledge"
Trading is not a team sport and it is NOT about mixing friendships with the exchange of monies. It's far more about YOU KEEPING YOUR DISTANCE FROM OTHERS so that you can better discern where the crowd mentality is planning on taking the market next. If you want to be the best trader you can be then STAY AWAY FROM ANY CROWD. If there are any good truthes in trading, then this one is near the top of the list.
Unfortunately, there's a lot of stupid 50+ somethings who cannot get this through their thick trading skulls and so become an easy mark (pun intended) for "educational trading services". And you ask why so many fail at trading? Again, aside from the obvious money management issues in trading, this one is at the top of the list of why so many at-home traders fail.
But I digress. The thread is not about this. If a vendor who actually benefited financially from an association with Dennis Bolze hadn't tried to pull a reality distortion here, you never would have seen a post by me.
Well, I too was fooled. I knew Woodie was a con with the first interaction I had with him. But Bolze seemed like the real deal. I ignored his inconsistencies and allowed him his obfuscations because it was, after all, freeeeeeeeeeeeeeeeeee!!
MarkB provides a legit service for a reasonable fee. If Bolze could have gotten CB to do free seminars at his house he probably would have promoted her more than he did. Anyway, Mark's funnier than CB.
I didn't use the FBT because I did the research and found that it didn't work.
My remaining questions in all this are: How did he identify good trades to mark on his trading room charts on a timely basis while losing tens of thousands of dollars a month? How did his wife do order executions for him and not notice that he was consistently losing money?
MarkB provides a legit service for a reasonable fee. If Bolze could have gotten CB to do free seminars at his house he probably would have promoted her more than he did. Anyway, Mark's funnier than CB.
I didn't use the FBT because I did the research and found that it didn't work.
My remaining questions in all this are: How did he identify good trades to mark on his trading room charts on a timely basis while losing tens of thousands of dollars a month? How did his wife do order executions for him and not notice that he was consistently losing money?
You've greatly misinterpreted what my service is about Steve. It's not a rah - rah, we're all in this together, I'm the guru master trader and follow me, etc. kind of thing.
I simply project support and resistance in price and time using Fibonacci analysis for those who are interested in that. Some people like me to do this work for them, while others want to learn about how to do the work themselves, and I do my best to teach what I know about it. Most people are using their own trading methods around these levels, while a few want to learn about how I trade with it. It's nothing like the kind of trading environment you're envisioning or describing. An example is posted below. And this thread isn't about debating the validity of this type of analysis either. Some people like it, some people don't.
As far as why I described the emotional aspects of what the Dennis situation created? I was answering questions about what happened to those of us who were working with him on various projects. It was not a sympathy plea or a "woe is me" tale. Of course I was open to new clients through my association with him, but that had nothing to do with WHY I was associated with him and that's what I had to deal with.
So in a way we're both right. And if you're the SteveH who used to post in his TradingRooms chat, you were taken in too and I'm sympathetic. But you're taking general experiences with vendors and just pasting them onto your impressions of me. What you described has nothing to do with how I function or what I do my best to offer.
With that, I'm unsubscribing to this thread.
Happy trading all!
I simply project support and resistance in price and time using Fibonacci analysis for those who are interested in that. Some people like me to do this work for them, while others want to learn about how to do the work themselves, and I do my best to teach what I know about it. Most people are using their own trading methods around these levels, while a few want to learn about how I trade with it. It's nothing like the kind of trading environment you're envisioning or describing. An example is posted below. And this thread isn't about debating the validity of this type of analysis either. Some people like it, some people don't.
As far as why I described the emotional aspects of what the Dennis situation created? I was answering questions about what happened to those of us who were working with him on various projects. It was not a sympathy plea or a "woe is me" tale. Of course I was open to new clients through my association with him, but that had nothing to do with WHY I was associated with him and that's what I had to deal with.
So in a way we're both right. And if you're the SteveH who used to post in his TradingRooms chat, you were taken in too and I'm sympathetic. But you're taking general experiences with vendors and just pasting them onto your impressions of me. What you described has nothing to do with how I function or what I do my best to offer.
With that, I'm unsubscribing to this thread.
Happy trading all!
funny. Another 50 year old plus woodie who thinks found holy Grail by backdating charts and saying "if it doesn't go up. It will go down" in essence. Sad really and people follow this and pay for it? No wonder market so easy recently. Gotta build a group group to survive. Just like your overlords taught ya in corporate America. Build a group if ya think ya can lead join a group otherwise. Sorry charlie. You are food in the jungle.
Dennis,
the man just could not trade........
statements don't lie.......
As far as AustinP is concerned....yes he is a vendor and would probably have no reservations informing you of that fact.
He does manage a fund...or at least use to...
My experience was that I lost 5% of my account with him before I said enough.....that was for one weeks worth of trading after being told that he had not had a losing week in a very long time....of course past performance isn't indicative of future results.
His fund may be doing just fine now who knows but that was my experience......
FWIW
the man just could not trade........
statements don't lie.......
As far as AustinP is concerned....yes he is a vendor and would probably have no reservations informing you of that fact.
He does manage a fund...or at least use to...
My experience was that I lost 5% of my account with him before I said enough.....that was for one weeks worth of trading after being told that he had not had a losing week in a very long time....of course past performance isn't indicative of future results.
His fund may be doing just fine now who knows but that was my experience......
FWIW
rather not say how much was lost, not trying to bad mouth but since the topic touched on profitable traders and scammers......
I'm just talking about my experience.....it wasn't positive.....but I would tell you if I was green too.......
I tried to attach the statement that Dennis's broker submitted to authorities. It show he may have had a few short months being profitable in 6 yrs or so. The pdf may be to big so I'm trying to load just a section of it.
I'm just talking about my experience.....it wasn't positive.....but I would tell you if I was green too.......
I tried to attach the statement that Dennis's broker submitted to authorities. It show he may have had a few short months being profitable in 6 yrs or so. The pdf may be to big so I'm trying to load just a section of it.