Quote from spect8or:
Let's see Lefty, I'm a trading vendor. You really think I'm going to let you speak to just any former/current client of mine, without being pretty damn sure of what they're going to say? I wouldn't even risk it, I'd just set up some up some shills who can sound knowledgeable and you wouldn't have the faintest. Geez bro, grow up will ya.
(Yeah, okay, okay, you're soooo smart you'd be able to tell. Right.)
There are some vendors (a few) that actually will let potential clients speak to past and/or current clients.
I think that's Lefty message...those that don't...use some intelligence (avoid them).
However, if someone is interested in a vendors service especially one that doesn't offer some sort'uv full free trial test of the service...
Don't just talk to a past or current client...
Tell the vendor your address and let him/her search their database of clients living in your area so that you can go visit them and watch the client perform (trade) in front of your own two eyes.
Of course we're talking about expensive services and not the $20 per month email alert services
Reference (word-of-mouth) is a powerful marketing tool.
It's how I found out about my mentor eventhough I was his only student.
I had
heard from another trader that this guy had helped him end a serious drawdown period eventhough it wasn't a mentor/student relationship.
In addition, visiting the teacher or visiting students of the teacher...very tough for a
shill to fake trading or sound knowlegable about the markets in realtime during actual trading in front of your own two eyes.
Hopefully, you didn't think Lefty meant someone would just say
its a good service and that's all that's needed ???
I guess that's what he meant by to use some basic intelligence about these reference stuff.
What I'm saying...its your responsibility to ensure the reference info given to you by a vendor is more than you emailing some stranger and getting a
high recommended reply.
Any vendor that tells you he/she doesn't have access to phone numbers or home address of clients while promoting testimonials...should be avoided.
Any vendor that refuses to let you watch him/her trade in front of your own two eyes or has no clients that will do such for you...should be avoided.
Quote from Samson77:
...My initial observations are that he finds CANSLIM stocks www.investors.com and he applies some basic TA to them.
This is not a bad ideal and worthy of investigation.
The problem is WHY does anyone need Brandon to do this when CANSLIM is $30 per month and a good TA book is $20?
It's possible he could be applying an additional component to what your suggesting and that component is what gives him that
edge.
An analogy...its like saying someone teaches using MACD indicator.
Of course its available in almost all trading software packages, of course its probably discussed thousands of times at discussion forums...
Then why do most lose money while using MACD in comparison to the few that are profitable ???
Simple answer...the few that are profitable are using an additional component (an edge) that the others don't know.
I'm sure any mechanical trader probably understands what I'm suggesting here.
Also, I'm not suggesting these are trade secrets.
I'm suggesting that sometimes the most commonly known things are easily overlooked or merits no further research due to some ill-advised bias.
Thus, its possible Brandon has a way to enforce commonly known methods along with having that extra component that gives what's commonly knows...
An edge.
A component he's only willing to share for a fee.
Look at it this way (an analogy)...we all know we can make a lot of money if we cut our losers short and let our winners run.
Imagine if someone actually had a way to enforce that...can it be marketed while knowing its core concept is basic or something that's obvious ???
Not arguing...just food for thought because just because something is so obvious...
Doesn't imply they have what it takes to apply it successfully on their own until they get some help.
NihabaAshi