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RS of Houston- Your Experience?
- Thread starter JohnnyG
- Start date
Quote from jesterlester:
Johnny,
I have experience with both of these firms. I view some of these trading courses versus my life experiences, namely sports. I know of many excellent coaches that didn't have success on the playing field due to their lack of God given ability. However what makes them exceptional as coaches it that they had to have exceptional fundamentals and work ethic to compete with the more talented players. They stress the basics and you get a player who has the ability to start with and you then have an exceptional athlete. I have seen world class athletes who ruined lessor talented players due to their natural ability that others couldn't duplicate. With that said, I wouldn't dismiss a trading course solely on the basis of whether the trading commission hit them with a fine. Not good, but I believe you have to take more into account. I believe the RS of Houston course is very good and based on solid principals. I expect that Ed Moore's course offers value as well. I believe Mr. Moore has updated his material. The earlier material was a hodgepodge of trading material but no coherent step by step process to help a beginner become a successful trader, although Moore claimed he provided such. I believe you have to view trading in the same light any other profession or business. None of it is easy and requires a lot of work to make it. We all want overnight positive results. RS prints off charts in which the signals that meet the methodology are shown. No doubts some of this is done in hindsight, as you always get trades that are somewhat subjective. I am not aware of them claiming they are taking all of these signals or any of them for that matter. Maybe this changed after they were hit with the fine as I just became involved with this course. They have a live "go to meeting" continuing education each month for members when they call the trades in realtime and answer questions. THey are clear they are not live trading. This is not a mechanical system and they teach it is up to each trader to come up with their own results. In other words there is some discretion in terms of profit taking, how you handle stops etc. You might or might not take certain trades. Make sense to me.
These guys are accessable and provide lifetime support.
I have no affiliation with any of these firms other than as a customer. I am also not some successful trader. I have always wanted to become one and just began trading and working in some screentime. I am going slow with this. I also do not care for Ed Moore so I am not unbiased in this area. Like I said I think his material has value, but out of principal I would not purchase his new material, due to my past experience with him. Most of his chart updates involves himself patting himself on the back regarding how smart he is. The chart service itself was basically support resistance points versus fib numbers for the day or yesterday etc. No clearcut trade signals. To this day I do not undertand what the gameplan was to use this material and become a trader. Once the material was purchased his willingness to provide support was non-existent. These are my 2 cents for what they are worth.
Ed/Stan Moore is a full time scammer. He now has a new scam going at www.neweratrader.com - with the "definitive trading bible". Only charges $100,000 for one year of mentorship!!!
This guy was charged by the CFTC for fraud, lost his CTA license and still is out there with the same crapola looking for suckers. He tells everyone he's a millionaire who doesn't have to trade but "likes" to teach. Bull shit - the guy is broke and on the skids.
I don't know RS Houston. But I and others have had enough experience with Moore to know that the guy ought to be in the slammer.