Online Trading Mentoring?

Quote from Roman Candle:

More...

Your right traders need a min of 30k that’s the min. preferably 100k. Now I hope Robert Hoffman advises his students to not waste there time trying to trade for a living with 10k.

But why would he do that, he just eliminated over half his students. Go to his chat room and mention its just plain suicide trying to day trade index futures with 10k and see what happens. You will be banned, it’s a scam plain and simple.
 
Quote from Roman Candle:

So he made a good trade at Traders Expo what does that prove. Did he do it for 30 days in a row, 10 days in a row, 5days in a row. Come on this is stupid.

Now your just trying to keep this thread going. Robert Hoffman is a fake, and a liar.
More...

You are pathetic, did puretick blow up your account or was it Oscar. Find something positive to say or say nothing at all.
 
Robert is a professional trader who also happens to be so unbelievably kind he is willing to teach how to trade as well, he in no way needs the money. I thank God every day that he put Robert in my path.
 
Quote from Roman Candle:

Your right traders need a min of 30k that’s the min. preferably 100k. Now I hope Robert Hoffman advises his students to not waste there time trying to trade for a living with 10k.

But why would he do that, he just eliminated over half his students. Go to his chat room and mention its just plain suicide trying to day trade index futures with 10k and see what happens. You will be banned, it’s a scam plain and simple.
More...

I was talking about trading for a living. I do however think it is entirely possible for one person to build up his capital over time.
The problem with trading for a living is that setups are inconsistently happening over a period of time, while living expenses are continuous and consistent.
Building capital doesn't have that problem.

So saying a person can't benefit from his free education would be wrong to say.

So far the only argument I've heard that he is a fake and not a real trader, is that he asks money for his services. His broker Infinity futures should vouch for him being a real trader. Or do you think Infinity futures would affiliate themselves with a fake?
Do you have any better arguments?
 
Quote from bathrobe:

You are pathetic, did puretick blow up your account or was it Oscar. Find something positive to say or say nothing at all.
More...

Not in this business, scams need to be exposed. He is so generous he gave $100.00 to his favorite charity. My gosh $100.00 to an animal charity. That’s one big spender.

Puretick, Woodies CCI, Oscar they all are in the same class as PowerCharting
 
Quote from Eschaton:

I was talking about trading for a living. I do however think it is entirely possible for one person to build up his capital over time.
The problem with trading for a living is that setups are inconsistently happening over a period of time, while living expenses are continuous and consistent.
Building capital doesn't have that problem.

So saying a person can't benefit from his free education would be wrong to say.

So far the only argument I've heard that he is a fake and not a real trader, is that he asks money for his services. His broker Infinity futures should vouch for him being a real trader. Or do you think Infinity futures would affiliate themselves with a fake?
Do you have any better arguments?
More...


Define a real trader. Just have him post his 1099 for 2008. Or let’s see the trades. Offer some proof that this guy is a profitable trader.

Oh wait I already asked you that, and you said for me to ask his broker.

What the F is wrong with you.
 
Quote from Roman Candle:

Define a real trader. Just have him post his 1099 for 2008. Or let’s see the trades. Offer some proof that this guy is a profitable trader.

Oh wait I already asked you that, and you said for me to ask his broker.

What the F is wrong with you.
More...

The common sense you exhibited one post ago out the window? The 30,000 to Trade for a living I agree with.

But then you make a statement like this?
If Robert Hoffman would post his blotter you wouldn't believe him anyway.
And I doubt he would actually post his full blotter. But he does record his trades for the paid room.
There's a P&L thread on ET and estimated to be over 50% fake blotters.

Seriously, the best free and more believable way to find out, is ask his broker.
 
Quote from phattails:

jr07,

don't expect to find any decent pro's to look over their shoulder (what's in it for them). Seriously, don't fool yourself!! Try and get into the industry and if all else fails, go to work for a prop. firm and set and watch those traders. Don't expect those guys to have some novel indicator, the majority of discretional traders that i know that are successful can't really describe how they do what they do or what their strategy is. Find a NYSE stock and watch it with the open book, level 1, and time and sales. Pull up one chart on daily and your favorite intraday time period, along with the S&p intraday and watch. Don't use any indicators (maybe a moving average if needed). Try and be as objective and observant as possible. Don't read any technical analysis books. If understanding the markets is a foreign language then having any preconceived ideas is like learning a foreign language through another foreign language. Learn about how markets work and who all the major players are. Start reading the wall st. journal and start writing all of your questions in a notebook. Don't spend any of your time listening to guru's. Also know that the markets don't care about what you think, who you are, or how you want to make money in the market. If you have any computer science, statistics, mathematics background, think of ways that you can develop and edge with the programming. Finally, don't listen to Tharp or any other market shrink until you are consistently making money.

I've been doing this professionally for a few years and it all boils down to knowing how to be a good competitor. This competition will, without mercy, show you all of your weakest points. For instance, when I first started trading, I was an indicator whore, then I found out that the market doesn't care about how I want to make money. What the market rewards and what people think the market rewards are almost 2 completely different things.

Learn what a good question is. For instance, you're assuming that your energy is best spent finding a mentor. It that the really the case/. If you're trading because you want less stress in your life and you want to take a few trades in the morning and then spend the rest of the day snow skiing, then you have the wrong idea. From trading, I have no ego and I'm generally a paranoid person, because this paranoia is the only way i can trade successfully. Approach each trade, each strategy, each person that you meet in this business, with extreme reservation.
More...


thank you phattails, great insights
 
Regarding Robert Hoffman responses to my comments:

From my cursory study, a simple daily Floor Pivot line will work just as well (statistically) as Roberts sophisticated levels. However, they are much easier to trade and of course widely documented.

As for Robert generosity, most services offer some "free" stuff to hook you before they charge you. $400 a month is a hefty price from my perspective, especially when combined with Roberts consistent claims (not a businessman, just a trader ..... his main concern is to educate all for free ..... all should be weary of gurus except him of course ....)
 
You must log in or register to reply here.
Back
Top