Market charlatans

[slumdog]

Quote from marketsurfer:

Covel never was a turtle. Why do you think so and why do you think he failed?

People seem to get confused between Covel and Russell Sands.

 

[Peternam]

Quote from slumdog:

They all snake oil sellers.

Anyone who sells systems, courses, websites, chat rooms, software, books etc.

Trading is quite an easy subject to talk about and write about, but its one of the hardest thing to do.

The easy and sure money is in selling spades and shovels, not in prospecting for gold.

You just said

 

[Ol' Yella]

I remember there was a journal thread on another forum (BM) that went on for over a year.

It was a popular journal, and the OP was posting to it regularly, documenting her attempt to learn to day trade

after a year she was not succcessful, so closed the thread saying she was going to pursue a business venture

several months later it came to light that she was selling a trading system and giving webinars

trying to make it in the guru business

I couldnt believe it.......

I bet this is how almost all educators find their way into selling stuff.

 

[kut2k2]

Quote from marketsurfer:

Covel never was a turtle. Why do you think so and why do you think he failed?

Maybe because he went out of his way to imply that he had something to do with the turtles.

http://www.turtletrader.com/

I guess the failure part comes from the fact that he doesn't make his money trading.

 

[SeventhCereal]

These books are full of half truths are in my opinion are no better than complete lies.

Quote from MarketOwl:

There are quite a few bad trading authors/educators out there, I just wanted to point out a few who make more money off selling books, educational material, and subscriptions than actual trading.

Books by charlatans:

Trend Following (turtletrader.com) - Michael Covel
The Art of Contrarian Trading (carlfutia.blogspot.com) - Carl Futia
Mastering the Trade - John Carter

Anyone have any more authors to add?

 

[AFJ Garner]

I am surprised this thread has been allowed to survive - so far. Presumably neither Baron nor Covel himself has noticed it yet. Let's see if it is still here in a couple of days.

 

[SeventhCereal]

more or less but without a track record and profits to actually look like a tight business operation, they just embarrass themselves and its our duty to mock and shame them.

Quote from Ol' Yella:

I remember there was a journal thread on another forum (BM) that went on for over a year.

It was a popular journal, and the OP was posting to it regularly, documenting her attempt to learn to day trade

after a year she was not succcessful, so closed the thread saying she was going to pursue a business venture

several months later it came to light that she was selling a trading system and giving webinars

trying to make it in the guru business

I couldnt believe it.......

I bet this is how almost all educators find their way into selling stuff.

 

[AFJ Garner]

Presumably Covel and Baron have had a fall out? I see he has not posted this month.

 

[traitor786]

Amazing how much or a small world it is in here !

 

[AFJ Garner]

Quote from traitor786:

Amazing how much or a small world it is in here !

I find there is very rarely anything said of value here. And as you will know, I am not a believer in anonymity!