Has anyone had any experience with Kavan Klein and his "picks that make sense" course and chat room? I can't find much on him, but sounds interesting. Before anyone jumps all over me, this is a legitimate question, no I don't post much, no I don't know or work for him. If anyone has joined or delt with his service, could you share your experience.
Kavan Klein anyone know if he is for real?
- Thread starter blueone
- Start date
he is probably such a guru he should be running a 1 billion hedge fund in no time!!! does he have a good book i can buy that only shares the secrets of the pros? why spend time selling when you can just create all the wealth in the universe by using your secrets??? soon he will be so famous it will be impossible to give him all your money!!!! is it too late to send him 1 million dollars???
Don't know the guy. But from your description, he sounds real. Please take his service and report back.
"high of the day".....so he never sells short? Here is my disclaimer, "Profits are calculated using a dark pool method that might include prices far outside the 'day's range' you see reported. Example: If I go long a stock, I can be filled 10% below the day's low and sell 20% above the day's high. Note: Your fills may not be the same."
More insidious than these obvious salesmen are the web forum gurus with thousands of posts who continue to spread nonsense about trading e.g. trendline breaks intraday. Granted the people who fall for this simply don't have the savvy to succeed in this environment but I do not enjoy watching them being led a merry dance by these attention seeking con artists who masquerade as being oh so helpful (and all for free to boot!).
The latest waste of time appears to be "statistical back testing" where the aspirant is told to look for 100 examples of e.g. a trend line break and to calculate hypothetical results for a series of "stop loss" and "take profit" combinations. If you link them to "data dredging"....crickets. And when they blow up their account they are convinced that the method/guru is successful but they are such psychologically damaged creatures that they need lots of online emotional "therapy".
Very sad. I hate fraud. I don't see it as morally different to abusing a mentally handicapped person for fun. In a way, that is what some of these people are.
Just curve fitting random data. I think even professionals do it. The thing is if people look for it, they will find a picture of mickey mouse in the data. This is the essence of random data, in that all patterns are equally probable.
It is not wrong for people to look for patterns in data because they really have no other way. But it would be foolish of them to believe their arbitrarily chosen pattern can be used to constrain the freedom of movement of the bank taking the other side of their bet.
The bank operates quite simply: move price to cost, move price to stop, move price to 'resistant level' that the mental stop might be kept. Repeat for the next guy. While the bank is chasing the other guy, it gives you a fleeting profit. It is just that: fleeting. Once the other guys is taken out, the bank is right back on your tail.
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I knew a salesperson who would, in a paid class, just pull up charts and say 'see if you buy here, put your stop there, and get out here you make money and follow the trend and price action...or move your stop up here and lock in profits.' and this might be 50% of the time. then when he really trades, amazingly he really does, he wouldn't even do that....and i asked him why and he said, 'oh you can't really teach exactly how to do it.' so not surprised he continues to sell and sell and sell.
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I think he maybe should write a book, AMZN always gives a refund on trash books;
''....hard work is not rewarded....Turn $5,000, into reliable $250,000 ''Source =his website
But for $839 US dolllars, a buyer who doesnt know to beware ,could give us a bad report on someone who ''eats technicals''LOL.Try study of charts, funds, terchnicals, for 7/+ years Technical are not made to be ''eaten'',LOL