Look. In my opening remarks, I stated that "I have learned nothing from these so called gurus" and I stand by this comment 100%.
All these gurus do is take what someone else has taught them and put a little cherry on top of it and pass it on as a trading style of their own.
I know you're going to come at me with, "but you are doing the same thing." I AM NOT DOING THE SAME THING! Wait until I am finished on these boards and then criticize my dao.
For example, Oliver Valez and Greg Capra have taught you the Pristine method. The only thing that they have taught is buy when the 20MA is above the 40MA and you have 3-5 down days...entry above the high of the lowest day with a stop below the low day. The market has proved this style incorrect and if you look at the amount of traders using this method at any pristine trading floor they are using it with poor results. They will tell you themselves. Just call up and ask an office manager how many traders are making money. Their top trader Anthony something-or-other lost the 8million that he made in the bull market and I know that Pristine has a method for shorting stocks in the same manner that I mentioned above for long positions, only in reverse.
The indicators that are out there right now were not developed by these gurus and anyone can teach you how to use them.
Tony Oz. He is spilling out William O'neils patterns (which Willy himself got from another guy) left and right. What is new in teaching head and shoulders formations and cup and handle formations?
I just have a problem with someone who charges 1-5k dollars for a seminar and makes 200k per show and tells me that their methods are reliable.
<b>You have to understand something very very important here: New traders that go to these seminars and fork out thousands of dollars to learn trading ARE GETTING RIPPED OFF. They are not learning what trading is all about. They are being taught the sit-down-and-shut-up approach to trading. Meanwhile Oliver and his entourage are prancing around with their PUBLICITY AGENTS autographing books and asking where the nicest restaurants are so that they can get a bite to eat.</b>
I am not bitter in any sense of the word. My passion lies in trading and I am not going to make a dime off of teaching anyone how to trade in this market. It really is true, the saying, "those who can't do, teach!"
When I was at Goldman we had guys come in and attempt to teach us strategies and money management techniques. But these guys couldn't work a 500k share order for the life of them.
Later on I will show you the techniques of REAL Market Makers, the ones that have the power to move the market and I will tell you all the nonsense that they use to artificially inflate the market so that they can take HUGE short positions. Look at everytime Bill Gates goes to sell a million or more shares, what happens to the market? A rally, and then a prolonged sell-off. These are highly trained and well capitalized Market Makers creating these rallies starting massive sell-offs.
The latter is information that you need to be aware of. You have to know every aspect of trading not just what you see in two dimensions.
No guru will give you what I am about to share with you and I will not charge a dime. What will be satisfying is when you all start becoming consistent and that is IT.
We have a long long way to go and I am positive that more traders will jump on the bandwagon very soon.
I want to thank all the people who have sent me PM's.
I also want to thank all the people who have been offended-It is you that keeps me on this message board and drives me to see people succeed.
All these gurus do is take what someone else has taught them and put a little cherry on top of it and pass it on as a trading style of their own.
I know you're going to come at me with, "but you are doing the same thing." I AM NOT DOING THE SAME THING! Wait until I am finished on these boards and then criticize my dao.
For example, Oliver Valez and Greg Capra have taught you the Pristine method. The only thing that they have taught is buy when the 20MA is above the 40MA and you have 3-5 down days...entry above the high of the lowest day with a stop below the low day. The market has proved this style incorrect and if you look at the amount of traders using this method at any pristine trading floor they are using it with poor results. They will tell you themselves. Just call up and ask an office manager how many traders are making money. Their top trader Anthony something-or-other lost the 8million that he made in the bull market and I know that Pristine has a method for shorting stocks in the same manner that I mentioned above for long positions, only in reverse.
The indicators that are out there right now were not developed by these gurus and anyone can teach you how to use them.
Tony Oz. He is spilling out William O'neils patterns (which Willy himself got from another guy) left and right. What is new in teaching head and shoulders formations and cup and handle formations?
I just have a problem with someone who charges 1-5k dollars for a seminar and makes 200k per show and tells me that their methods are reliable.
<b>You have to understand something very very important here: New traders that go to these seminars and fork out thousands of dollars to learn trading ARE GETTING RIPPED OFF. They are not learning what trading is all about. They are being taught the sit-down-and-shut-up approach to trading. Meanwhile Oliver and his entourage are prancing around with their PUBLICITY AGENTS autographing books and asking where the nicest restaurants are so that they can get a bite to eat.</b>
I am not bitter in any sense of the word. My passion lies in trading and I am not going to make a dime off of teaching anyone how to trade in this market. It really is true, the saying, "those who can't do, teach!"
When I was at Goldman we had guys come in and attempt to teach us strategies and money management techniques. But these guys couldn't work a 500k share order for the life of them.
Later on I will show you the techniques of REAL Market Makers, the ones that have the power to move the market and I will tell you all the nonsense that they use to artificially inflate the market so that they can take HUGE short positions. Look at everytime Bill Gates goes to sell a million or more shares, what happens to the market? A rally, and then a prolonged sell-off. These are highly trained and well capitalized Market Makers creating these rallies starting massive sell-offs.
The latter is information that you need to be aware of. You have to know every aspect of trading not just what you see in two dimensions.
No guru will give you what I am about to share with you and I will not charge a dime. What will be satisfying is when you all start becoming consistent and that is IT.
We have a long long way to go and I am positive that more traders will jump on the bandwagon very soon.
I want to thank all the people who have sent me PM's.
I also want to thank all the people who have been offended-It is you that keeps me on this message board and drives me to see people succeed.
