The title is redundant anyone seeking guru status is probably a charlatan.
However here is my list.
Feel free to add to the list.
Lets try to keep it impersonal.
1. Any false guru will say "all you got to day is hold throw these _________. hitches, wiggles, false moves etc. (Those wiggles are the essence of trading. Is is a retracement or a reversal.)
2. When your vendor offers only hypothetical results (these people have either been shaken down by the cftc or they are smart enough to know they can protect themselves with a disclaimer.
3rd. when your vendor or guru will not trade live in front of you or produce students who are currently trading live in front of you and making money.
4th. When your vendor is not embarassed to pull up charts and say this is where you would have entered and exited. (any real trader would apologize and say but I make the calls real time.) When your vendor pulls this stunt say where did you enter and exit. Then after he responds ask him for the fill reports.
5th When you vendor wants the money up front. A real trader has no problem letting you seem them work in some limited fashion. (this is big.)
6th When your guru uses non traditional terms for no apparent reason. This way they can keep you as a student without revealing anything to you as you "learn".
7th When your vendor makes wild claims. such as never has a loss. 85% winners etc. this is a version of nazi disinformation --- You know tell a big lie often enough so people will believe you.
However here is my list.
Feel free to add to the list.
Lets try to keep it impersonal.
1. Any false guru will say "all you got to day is hold throw these _________. hitches, wiggles, false moves etc. (Those wiggles are the essence of trading. Is is a retracement or a reversal.)
2. When your vendor offers only hypothetical results (these people have either been shaken down by the cftc or they are smart enough to know they can protect themselves with a disclaimer.
3rd. when your vendor or guru will not trade live in front of you or produce students who are currently trading live in front of you and making money.
4th. When your vendor is not embarassed to pull up charts and say this is where you would have entered and exited. (any real trader would apologize and say but I make the calls real time.) When your vendor pulls this stunt say where did you enter and exit. Then after he responds ask him for the fill reports.
5th When you vendor wants the money up front. A real trader has no problem letting you seem them work in some limited fashion. (this is big.)
6th When your guru uses non traditional terms for no apparent reason. This way they can keep you as a student without revealing anything to you as you "learn".
7th When your vendor makes wild claims. such as never has a loss. 85% winners etc. this is a version of nazi disinformation --- You know tell a big lie often enough so people will believe you.
