How to be a Guru in 10 easy Steps

MarkBrown/ nidarian,


Are you gents suggesting a trader go out and purchase crabel’s $1200.00 book??

Personally I can’t imaging how any trading book can be worth that amount of money – unless it’s a book a collector would be interested for some reason


I suspect whatever he’s published could be found on line or at a library with a little research


eta - Mark I checked out Amazon and read the reviews including yours

RN
 
"Make it seem like you don't really need the money, but keep begging... err..asking.. for their money. Then use their money to open up a trading account. " -TheBestGuruEver

Now that is humorous :D
 
tobys articles can be bought for a few dollars each from stock and commodities magazine. all he did was write a bunch of small articles and then compile them into a book with some more work. so the bulk of his work can be obtained cheaply. 1200 is all relative its hard for me to remember when that was allot of money but is was i promise. that is the reason i am responding someone helped me, stan finney.

but what is not known are some works which are very obscure that toby published and you never see these books and videos for sale ever. only ghost have them - but even that is not enough to know what toby does you need the court transcripts from a law suite in which he was required to disclose what is proprietary so he could prosecute a former employee.

you also need to be a client of his so you can have access to each days trading so when your back engineering his methods you know that you have his precise methods. plus if your not funded and connected to get all this info compiled then just be content in thinking it's just not worth all the effort and continue to be blissfully happy. secure in the thought that he didn't have anything worth while anyway??????

-----------

how does anyone argue toby isn't worth complete immersion? irrefutably a systems vendor made it big who's works are out there for anyone to get given time, money and diligence. many other guru's have done the same it's not impossible a vendor is for real. no but it's quite predictable it is easier to scoff at someone than to study them. the only real loser are those who refuse to explore.

mb
 
Quote from TheBestGuruEver:

1. Explain how making 20 ES points a day is really easy, using past charts and showing where you would have bought and sold.

2. Tell everyone that everyone else likely blew up trading because they are dumb, and not following your method

3. Explain how trading is hard, yet easy, and will let you live the life you wanted.

4. Tell them you spent 10,000 hours looking at charts, and that must be worth something.

5. Tell them you don't like systems, yet your simple way of trading is like a system and can be used to trade anything on any time frame.

6. Give them guarantees on your performance, but make it very hard to really understand so you win no matter what.

7. Tell them you have traded everything and have tons of money, but really only teach because you like people.

8. Make them think your special cost will run out very soon and you will never offer this crap every again.

9. Tell them you will teach them stuff nobody has every taught them, and it will be 10 hours of some of the best stuff they ever seen -- totally new!!

10. Most important: NEVER, NEVER, NEVER show them an audited Profit and Loss statement for the last year or more. Tell them how un-important making money really is, since they won't have the exact losses, errr..i mean wins... as you. Make it seem like you don't really need the money, but keep begging... err..asking.. for their money. Then use their money to open up a trading account.

LOL

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

If you think some clown on the internet can teach you how to trade, you might as well send me 10,000 immediately.

There is a reason prop traders from Goldman don't sit around and market their skills.

LOL
More...


I'm 16 and I had this guy rant for 50 minutes on skype how he could help me SO much, but he would need monetary compensation. If you're so great at the market, why do you need to scam a teenager?
 
Quote from MarkBrown:

tobys articles can be bought for a few dollars each from stock and commodities magazine. all he did was write a bunch of small articles and then compile them into a book with some more work. so the bulk of his work can be obtained cheaply. 1200 is all relative its hard for me to remember when that was allot of money but is was i promise. that is the reason i am responding someone helped me, stan finney.

but what is not known are some works which are very obscure that toby published and you never see these books and videos for sale ever. only ghost have them - but even that is not enough to know what toby does you need the court transcripts from a law suite in which he was required to disclose what is proprietary so he could prosecute a former employee.

you also need to be a client of his so you can have access to each days trading so when your back engineering his methods you know that you have his precise methods. plus if your not funded and connected to get all this info compiled then just be content in thinking it's just not worth all the effort and continue to be blissfully happy. secure in the thought that he didn't have anything worth while anyway??????

-----------

how does anyone argue toby isn't worth complete immersion? irrefutably a systems vendor made it big who's works are out there for anyone to get given time, money and diligence. many other guru's have done the same it's not impossible a vendor is for real. no but it's quite predictable it is easier to scoff at someone than to study them. the only real loser are those who refuse to explore.

mb
More...

Found his divorce. Struck out on the employee lawsuit. Must be under seal. I respect the guy and this borders on stalking, so no thanks. His published works will have to do.
 
TheBestGuruEver, what a great post!

I certainly know a thing or two about gurus. I paid someone a total of 35k for mentoring and newsletters. I believe that it was worth it since now I can walk with my own legs and I don't need anything anymore from him or anyone else but...nothing was free and instead of giving me all the info right away ( just like at the beginning I paid everything right away) he gave me info in little drops one after another. Once he tried to sell me things that were already included in our agreement.

The good part is that what he gave me made a big difference in trading full time meaning this is all I do now. Also what he gave me is 100% transferable so if I ever want to I can pass it on to someone else.

When I hear other "guru stories" I consider myself very lucky because I got something I can use for as long as I trade.

Obvioulsy it's not like making money now is a walk in the park, this year for instance I am still flat, but I have all the tools to trade for a long time and aim for the big profits without killing my account.

This experience however taught me that in reality there are no gurus or financial experts. Run from anyone who claims otherwise.
 
Quote from TheBestGuruEver:

1. Explain how making 20 ES points a day is really easy, using past charts and showing where you would have bought and sold.

2. Tell everyone that everyone else likely blew up trading because they are dumb, and not following your method

3. Explain how trading is hard, yet easy, and will let you live the life you wanted.

4. Tell them you spent 10,000 hours looking at charts, and that must be worth something.

5. Tell them you don't like systems, yet your simple way of trading is like a system and can be used to trade anything on any time frame.

6. Give them guarantees on your performance, but make it very hard to really understand so you win no matter what.

7. Tell them you have traded everything and have tons of money, but really only teach because you like people.

8. Make them think your special cost will run out very soon and you will never offer this crap every again.

9. Tell them you will teach them stuff nobody has every taught them, and it will be 10 hours of some of the best stuff they ever seen -- totally new!!

10. Most important: NEVER, NEVER, NEVER show them an audited Profit and Loss statement for the last year or more. Tell them how un-important making money really is, since they won't have the exact losses, errr..i mean wins... as you. Make it seem like you don't really need the money, but keep begging... err..asking.. for their money. Then use their money to open up a trading account.

LOL

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

If you think some clown on the internet can teach you how to trade, you might as well send me 10,000 immediately.

There is a reason prop traders from Goldman don't sit around and market their skills.

LOL
More...

Holy cow Batman!

I just took a free 3 day seminar by Markus Heikotter of RockWell Trading and he mentioned almost all the points above.

He traded sim for 3 days,lost money on 2 days and made money 1 day on 1 lot ES,still down by about 150$ overall-blamed the market conditions for losing trades and urged all of us to buy the Easter Egg DVD course as it would be a good investment as it is on sale for limited time only.

Wish I had seen this thread above and saved 3 days of 2 hours sitting through a subtle sales pitch by some guru.

:mad:

Cheers,
Max
 
Quote from max_skinner:

Holy cow Batman!

I just took a free 3 day seminar by Markus Heikotter of RockWell Trading and he mentioned almost all the points above.

He traded sim for 3 days,lost money on 2 days and made money 1 day on 1 lot ES,still down by about 150$ overall-blamed the market conditions for losing trades and urged all of us to buy the Easter Egg DVD course as it would be a good investment as it is on sale for limited time only.

Wish I had seen this thread above and saved 3 days of 2 hours sitting through a subtle sales pitch by some guru.

:mad:

Cheers,
Max
More...

You do know the real identity of the thread starter (TheBestGuruEver) ??? :D

I'll give you a big hint...some of EliteTrader.com's biggest vendor bashers are vendors, gurus themselves and/or spammers at other forums (seriously). :mad:

The issue is not that they are a vendor or guru...the issue is that they are bashing others for the same thing.
:p

Edit: Out of curiosity, would you have been less offended (not wasted 3 days of your life) had they lied and said it was real money and the trading day resulted in a profit considering you attended the seminar on your own free will ?

Mark
 
Quote from wrbtrader:

You do know the real identity of the thread starter (TheBestGuruEver) ??? :D

I'll give you a big hint...some of EliteTrader.com's biggest vendor bashers are vendors, gurus themselves and/or spammers at other forums (seriously). :mad:

The issue is not that they are a vendor or guru...the issue is that they are bashing others for the same thing.
:p

Mark
More...

I don't know who or why this thread was started but the guruism rules put here are kind of useful.

The mentioned characteristics will be easy to detect when anyone starts their guru behavior.

:D

Cheers,
Max
 
Quote from max_skinner:

I don't know who or why this thread was started but the guruism rules put here are kind of useful.

The mentioned characteristics will be easy to detect when anyone starts their guru behavior.

:D

Cheers,
Max
More...

Max,

I edited my question while you were responding, sorry about that.

Edit: Out of curiosity, would you have been less offended (not wasted 3 days of your life) had they lied and said it was real money and the trading day resulted in a profit considering you attended the free seminar on your own free will ?

With that said, most gurus are giving it away for free via sharing their advice, journals, trades, methods, trading tips, resources, tools etc cetera...easily noticeable via the many threads here at ET in the sections call Journals, Technical Analysis, Strategy Trading and so on...without asking for a single penny in return because they're not vendors.

My point is that just because someone is a guru doesn't imply they are a vendor. Also, just because it's free...it can still be a waste of time (seminar, articles, library books, forums and so on) or just as harmful if applied considering 98% of these types of free gurus do not provide any verifiable proof...similar to the fee-base vendors.

Mark
 
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