grand prix was holding AZO.so far this month he has had INFY ROOM FRX AZO all blow up.this guy is amazing.
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Site that really sucks
- Thread starter AAAintheBeltway
- Start date
grand prix was holding AZO.so far this month he has had INFY ROOM FRX AZO all blow up.this guy is amazing.
Quote from AAAintheBeltway:
This site is actually pretty interesting. His claimed performance is outstanding...what a surprise. I was confused if he is selling systems or is it a subscription service. There is no where to sign up and no prices are quoted. Anyone know what this is all about?
nkhoi,
Have you used this system? Do you know what he is doing?
he sells the signal, I paid $500/m in 2000 base on a money manager recommended, the actual performance was loosing streak 4 in a row, seldom win, bottom line -12k for me.
Quote from nkhoi:
he sells the signal, I paid $500/m in 2000 base on a money manager recommended, the actual performance was loosing streak 4 in a row, seldom win, bottom line -12k for me.
How long did you use it and did you follow it exactly? Your performance is worse than his worst claimed drawdown. I thought his numbers looked too good to be true.
Quote from AAAintheBeltway:
How long did you use it and did you follow it exactly? Your performance is worse than his worst claimed drawdown. I thought his numbers looked too good to be true.
6/4/01 - 9/7/01 take all signal (by my broker), his current 'history' perform. records are diff from his old 'history' perform records.
Quote from nkhoi:
6/4/01 - 9/7/01 take all signal (by my broker), his current 'history' perform. records are diff from his old 'history' perform records.
a trick that some of these guys use is they optimize their system every few months, redo the backtesting and magically produce results that no one could have achieved in real time. Very sleazy in my opinion. If you look at the CTA reports in Futures mag, you will see that NO ONE produces the kind of numbers that these guys selling $1500 systems claim to generate. Either these CTA's are unbelievably stupid or there are some problems with the performance numbers.
Quote from AAAintheBeltway:
a trick that some of these guys use is they optimize their system every few months, redo the backtesting and magically produce results that no one could have achieved in real time. Very sleazy in my opinion. If you look at the CTA reports in Futures mag, you will see that NO ONE produces the kind of numbers that these guys selling $1500 systems claim to generate. Either these CTA's are unbelievably stupid or there are some problems with the performance numbers.
Bernie Schaeffer is one of the great self-promoters in the vendor business (of course, the succesful one's have to be great self-promoters. And it seems to have little to do with their real abilities.)
I tried one of Bernie's options services and was lucky to get out without losing too much money. Talk about stinkers!
Bernie's marketing techniques include touting all these 100% option winners!!!! But anybody who knows options understands how meaningless this can be.
I asked the salesman on the phone if he could provide some track record information and he was good enough to send me two quarters worth. Guess what? Horrible losses! And Bernie was being very bearish on the market at the time, which was exactly the right call, but it didn't translate into success with his option picks. Sure he had some 100% winners, but they were swamped by all the many losers.
My subscription was supposed to be auto-renewed, but it was dropped...which was fine with me..saved me the trouble. But I always wondered if my mentioning this stuff on message boards had anything to do with my being dropped. Seems unlikely, but...?
I doubt that they provide those kinds of track records anymore and I've wondered if the poor salesman got in trouble over it.
gs