Selling it's own invented trading system = always a scam?!

Quote from takenoprisoners:

YES it is always a scam. Tom Baldwin said why sell a system when you could trade it yourself and make millions.
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Who's Tom Baldwin?
 
Quote from takenoprisoners:

YES it is always a scam. Tom Baldwin said why sell a system when you could trade it yourself and make millions.
More...

What if you could not psychologically trade a system with 40% drawdowns and flat periods of up to 18 months ?
 
Actually the man,Mark crisp,is quite genuine.He picks stocks with high momentum,lets the winners run and cuts his losers early.His losers probably outnumber his winners but his winners make huge gains and can last for months(not my style,too boring).

You can get his free newsletter in which he tells you which stocks he is currently interested.

It's probably perfect for people who don't want to spend any time watching a monitor(that's why he calls it StressFree).
 
Quote from johnk49:

Actually the man,Mark crisp,is quite genuine.He picks stocks with high momentum,lets the winners run and cuts his losers early.His losers probably outnumber his winners but his winners make huge gains and can last for months(not my style,too boring).

You can get his free newsletter in which he tells you which stocks he is currently interested.

It's probably perfect for people who don't want to spend any time watching a monitor(that's why he calls it StressFree).
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From the sound of it, it seems you've purchased his system.
How good is it?
How can he find the momentum stocks?
 
Quote from WmWaster:

From the sound of it, it seems you've purchased his system.
How good is it?
How can he find the momentum stocks?
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No Wm I have not purchased his system.I am going by the free selections he sends out in his free newsletter and now and then seeing how they do(some of them rocket).But as I said in my earlier post it's not my style of trading so I never actually take the trades.
 
Quote from johnk49:

No Wm I have not purchased his system.I am going by the free selections he sends out in his free newsletter and now and then seeing how they do(some of them rocket).But as I said in my earlier post it's not my style of trading so I never actually take the trades.
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But did he send you in the newsletter how he entered or exited his position for these stocks?

What's his net profit/loss?
 
Quote from WmWaster:

But did he send you in the newsletter how he entered or exited his position for these stocks?

What's his net profit/loss?
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No WM that's what you pay for!I believe he has a 6 month refund policy.Try it.
 
Quote from takenoprisoners:

YES it is always a scam. Tom Baldwin said why sell a system when you could trade it yourself and make millions.
More...

Absolutely... ALWAYS a scam.

It plays on a very common delusion of young or unsophisticated people:

You can buy a book or software that will make you "easy" money...
That will let a moron like you take money away from genius level pros.

This is all constantly reinforced by billions of dollars of security industry advertising...

You know...
The Calvin Klein model surrounded by computers...
Pensively gazing out his window at a pristine landscape...
While his software racks up all that free money.

Sorry to break it to you...
But this guy is a figment of Madison Avenue.
(But, hush my baby, Santa Claus is real).

rm+

:cool: :cool: :cool:
 
A few weeks ago if you went on ebay and punched in MetaStock, the Crisp swing trading system as a MetaStock plug-in was available for a few bucks.
 
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