The Rapid Fire Swing Trader ebook is nothing more than recycled Connors/Rasche stuff. Just buy the old TASC articles. It's also discussed in a few books as well by same authors. Save your $49.95. I think you may even be able to download that article for free somewhere...
I didn't raise a stink about the ebook when others were first asking about it because they were advertising here. When I asked the seller of the ebook if he realized what he was peddling was already published by Connors/Rasche he gave me some BS about how other customers are making a killing with the method.
Imagine if I took just ONE well known technique (like standard Stochastics or RSI) and made up some glorified marketing about how it's a great technique and then marketed it. That's what this guy did. It came out right at the height of "swing trading" being so in vogue.
Heh, there's nothing wrong with slick marketing. Some people are very good at selling ebooks. Reminds me of the old Windsor ads I'd get in the mail.
CAVEAT EMPTOR.
P.S. All you have to do is read the ad and realize that the marketing material is 100x more glamorous than the content. Remember that the usability of the content is inversely proportional to the # of buzz words used in the marketing material.
P.P.S. I emailed Stephen Pierce and challenged him on his book. Here is an email I sent to Pierce on the book a year ago. I left out some non-important and privacy-related comments.
P.P.P.S. Stephen Pierce responded to my email saying I didn't know what I was talking about, that I obviously needed to review all the charts, and that the ebook only included ONLY ONE reference to a long-term chart. Of course, my criticism in Pierce showing long-term charts was the weakest of the other criticisms. What he was doing was showing salient examples of perfect swing-trade charts that resulted in large long-term moves, but in reality if you happened to be in the trade you would've only picked up the first 3 days of the move (his rules say exit on 3rd day) which may or may not have been profitable.
Of course, he didn't respond to my other comments. I sent a follow up letter, that he didn't respond to:
I didn't raise a stink about the ebook when others were first asking about it because they were advertising here. When I asked the seller of the ebook if he realized what he was peddling was already published by Connors/Rasche he gave me some BS about how other customers are making a killing with the method.
Imagine if I took just ONE well known technique (like standard Stochastics or RSI) and made up some glorified marketing about how it's a great technique and then marketed it. That's what this guy did. It came out right at the height of "swing trading" being so in vogue.
Heh, there's nothing wrong with slick marketing. Some people are very good at selling ebooks. Reminds me of the old Windsor ads I'd get in the mail.
CAVEAT EMPTOR.
P.S. All you have to do is read the ad and realize that the marketing material is 100x more glamorous than the content. Remember that the usability of the content is inversely proportional to the # of buzz words used in the marketing material.
P.P.S. I emailed Stephen Pierce and challenged him on his book. Here is an email I sent to Pierce on the book a year ago. I left out some non-important and privacy-related comments.
P.P.P.S. Stephen Pierce responded to my email saying I didn't know what I was talking about, that I obviously needed to review all the charts, and that the ebook only included ONLY ONE reference to a long-term chart. Of course, my criticism in Pierce showing long-term charts was the weakest of the other criticisms. What he was doing was showing salient examples of perfect swing-trade charts that resulted in large long-term moves, but in reality if you happened to be in the trade you would've only picked up the first 3 days of the move (his rules say exit on 3rd day) which may or may not have been profitable.
Of course, he didn't respond to my other comments. I sent a follow up letter, that he didn't respond to:
