Samson77,
First off, I just wanted to thank you for your posts regarding a Mr. Brad Caldwell TraderBrad.com. I hope it helps at least one new trader out there from entering this type of business purchase without fully understanding the sellers guarantees or lack thereof. Caveat Emptor.
Although I dislike Gurus, I think you will agree the purchaser bears some responsibility for his purchase.
On Mr. Caldwells website he lists a wire transfer, no guarantees, high upfront material costs, and legal small print mumbo jumbo. These are pretty clear signs and bright Red Flags should be waving about in your head. Although it does not indicate he is a Guru, it should give one reason for concern.
To be equally fair to sellers of systems and trading courses ( not necessarily GURU's), some of them which are good and provide useful information, should also be afforded some level of protection from purchasers who just copy, duplicate and ask for refunds. In some cases, many years of knowledge and effort go in to producing these materials. The sellers blood ,sweat and years of market experience so to speak are on the line, only to have it ripped off by a customer who's initial intent was only to copy and duplicate.
I think sellers (especially of Trading materials) should separate their full course into parts or segments. Shipping only one or two parts (out of a course of 10 or more chapters ) for purchasers inspection with an initial customer deposit of 10-20% of full price. If the material is then found useful by the customer, the initial deposit may then be applied to the full course price and the sale is ultimately consummated in full. This structure affords a level of protection to both buyer and seller and I think should be adopted by all trading systems and course vendors.
As for Brad Caldwell, I do not know anything about him or his courses. And I do not feel I can comment on him personally, nor his training materials. Although I can say his website is quite nice.
Samson, about feeling stupid or ignorant about your purchase. IT WAS STUPID. But ONLY if you failed to learn anything from your experience when dealing with systems sellers. Judging from your posts and recent trading experiences I think you learned quite alot.
Samson, YOU HAVE TURNED A CORNER and exited GURUSVILLE!!!
Exiting GURUSVILLE is simply a change of mindset. It simply means, you once and for all take COMPLETE responsibility for your trading actions, cease looking for the Holy Grail in others, and rely on yourself for all trading decisions, good or bad. In brief, YOU GROW UP. If this is what happened I say you got your moneys worth. BTW, your money is making its way back to BARON for advertising, which is good thing
. We are all thankful for this forum.
As for Mr. Brad Caldwell TraderBrad, I agree with NihabaAshi. Let him have his open forum to discuss his calls and hopefully describe some of his trading methods and techniques. Which I think are what most ET'ers like about Elite Trader. If he just makes blind calls, interest will fade quickly. If there is something of value, great, we all benefit by enhancing our market knowledge.
I trust ET'ers ability to distinguish between useful and useless.
Finally, there are a lot of scam artists out there which concerns me. The repercussions for them is just a small fine and some defense lawyer fees, IF they get caught. Which is why they keep popping up. So, New Traders, Caveat Emptor.
Good Luck to All!!!
Best Regards,
Dave Scott
First off, I just wanted to thank you for your posts regarding a Mr. Brad Caldwell TraderBrad.com. I hope it helps at least one new trader out there from entering this type of business purchase without fully understanding the sellers guarantees or lack thereof. Caveat Emptor.
Although I dislike Gurus, I think you will agree the purchaser bears some responsibility for his purchase.
On Mr. Caldwells website he lists a wire transfer, no guarantees, high upfront material costs, and legal small print mumbo jumbo. These are pretty clear signs and bright Red Flags should be waving about in your head. Although it does not indicate he is a Guru, it should give one reason for concern.
To be equally fair to sellers of systems and trading courses ( not necessarily GURU's), some of them which are good and provide useful information, should also be afforded some level of protection from purchasers who just copy, duplicate and ask for refunds. In some cases, many years of knowledge and effort go in to producing these materials. The sellers blood ,sweat and years of market experience so to speak are on the line, only to have it ripped off by a customer who's initial intent was only to copy and duplicate.
I think sellers (especially of Trading materials) should separate their full course into parts or segments. Shipping only one or two parts (out of a course of 10 or more chapters ) for purchasers inspection with an initial customer deposit of 10-20% of full price. If the material is then found useful by the customer, the initial deposit may then be applied to the full course price and the sale is ultimately consummated in full. This structure affords a level of protection to both buyer and seller and I think should be adopted by all trading systems and course vendors.
As for Brad Caldwell, I do not know anything about him or his courses. And I do not feel I can comment on him personally, nor his training materials. Although I can say his website is quite nice.
Samson, about feeling stupid or ignorant about your purchase. IT WAS STUPID. But ONLY if you failed to learn anything from your experience when dealing with systems sellers. Judging from your posts and recent trading experiences I think you learned quite alot.
Samson, YOU HAVE TURNED A CORNER and exited GURUSVILLE!!!
Exiting GURUSVILLE is simply a change of mindset. It simply means, you once and for all take COMPLETE responsibility for your trading actions, cease looking for the Holy Grail in others, and rely on yourself for all trading decisions, good or bad. In brief, YOU GROW UP. If this is what happened I say you got your moneys worth. BTW, your money is making its way back to BARON for advertising, which is good thing
. We are all thankful for this forum.As for Mr. Brad Caldwell TraderBrad, I agree with NihabaAshi. Let him have his open forum to discuss his calls and hopefully describe some of his trading methods and techniques. Which I think are what most ET'ers like about Elite Trader. If he just makes blind calls, interest will fade quickly. If there is something of value, great, we all benefit by enhancing our market knowledge.
I trust ET'ers ability to distinguish between useful and useless.
Finally, there are a lot of scam artists out there which concerns me. The repercussions for them is just a small fine and some defense lawyer fees, IF they get caught. Which is why they keep popping up. So, New Traders, Caveat Emptor.
Good Luck to All!!!
Best Regards,
Dave Scott
. 
