There is no money back guarantee otherwise, everyone would want a refund after getting the information on the trading course? Nowadays, most of that information is available on the Internet and You Tube videos. Still, people looking to fork over $3,000 and up for a mentor to teach them? Last time I checked, most of the great traders do not take legions of students to teach. Someone mentioned Linda Bradford-Raschke, however, considering she is that well known, if she conducts seminars, it is few or far between. Most of the time, it is in those Investors Conferences in Las Vegas where she charges like $250 for an hour? Maybe, she will throw you a couple of setups for that price? People are just lazy, they want the easy way out. Considering there is a mountain of free information out there on trading, you would think people will just do some research and build their own trading system? The thousands you would pay the mentor, you can use as your trading capital?
this thread probably has the most defineable truth about trading which is that it takes way more than just a set up or understanding basic execution and charts. if i knew some inside information on earnings for a stock next week you still might not know or pick the best strategy. lets say i know snap will beat earnings by 2 cents on increased ad revenue. u could buy the stock outright you could buy options but which ones and which method has the biggest pay off and also risk to reward. what if snap beats but something else lools bad n the stock actually sells??!! so see it doesnt matter really that we even have this info because we dont have a data base of millions of previous mkt reactions to go off of like the pros or the flip side we cant run the futures or stock down to buy options just a little bit cheaper now can we?? my point is that how we use knowledge and information is extremely important. take elon musk recently. one of his teachers has his research paper still and was talking about it. maybe that teacher pushed elon or said something or challemged elon and helped him become the 4th wealthiest in the globe? who knows but he had a teacher. i have always been against them but if i was new and starting over this is what i would look for and a track record i dont know if thats truly that important. id like to learn what not to do so here is my list since u asked and i have changed my view on teachers. 1. age of the teacher and true market trading experience and any previous financial jobs at big banks or financial companies? you dont want anyone young or anyone too old 40s to 50s. 2. have a passion for the mkt and still trade 3. understand portfolio theory and can explain it to you quickly 4. understand calculus and algebra 5. they are going above and beyond just regurgitating technical and fundamental analysis 6. do they have current industry knowledge and contacts? very important how relevant are they right now 7. do they maintain a relationship with you after the class is over? 8. do they have actual manuals etc that start and end so u can pick and choose what u want to learn and how advanced and or simple do these get? this will show u the knowledge base 9. will they look at your trading amd can they pin poiny errors 10. execution knowledge 11. programming do they automate i mean this exhaustive list could keep growing but uts the same thing you would want in a good college professor i would think. i also would not overpay and as others said. you can be taught by tiger woods but you will most likely never achieve what tiger woods did with it however when you go to grab a 3 iron. tiger might say why exhaust yourself. i noticed you are much more accurate with your high numbered wood than your irons maybe from these angles and distances you just take out a wood. lil things like that can be the difference of winning and losing for game after game after game good luck in your search. i wouldnt spend too much money though because actually trading is a great teacher in itself and thats the only way you will understand yourself in certain condituons. basically you are a put on a naval ship in a real live fire war with no knowledge of battle or the system on the ship defensive and offensive. i mean you know you have armor and radar and guns to shoot and ways to maneuver the ship but you dont know tactics n strategy. it will take lots of losing battles to know what to do when 3 torpedos a missile and 4 jets are all closing in on your position. somehow u have to survive
lets use Linda RASHKE when i first started trading she stood out as a real trader back then with her futures magazine artickes and write ups. few women traded then if at all. the problem with track records is they are not created equal depending on who or how or when they start and end in order to manipulate the data. i doubt linda has a track record right now and i doubt she really trades big at all anymore. its just a guess but most likely she has slowed down a lot and doesnt watch it tick x tick or bar by bar. she would be a great teacher because of her experience level in the mkts. she is seasoned and that you can validate. her track record could be negative and she might not even trade now. but she would be a good teacher. the mkt can burn u out n get boring. after printing money for awhile doing the same set ups over n over can get redundant so u might find that the challenge was more rewarding emotionally than the reward but everyone is different. exoerience good or bad is important. but i would say 250 an hour is expensive but for lind r if personal and 1 to 1 that might be cheap if she did questuons n answers just for you. its all relative but i would look at a teacher like you are hiring them for a job to teach. also coaches are needed. coaches may not have played football with the pros but they are great at seeing things and telling others how to execute it. it all takes energy and you can exhaust yourself. if a coach u trust says do this and you do it and it works then the coach might be worth the money and coaches get big money. lastly there are no shortcuts none in any of this. you think there is but there isnt. if anyone says they can shorten the curve to profits i would run. they might shorten your learning curve of industry kowledge but not on your way to profits. there are sponsors on this site i have seen that charge ridiculously huge amounts and some who charge very little. how they value themselves or why they are worth 5000 bucks vs a guy who is 1000 is a good question. why are you worth 5000 of my money? but again if you blow 2 or 3 5 or 10k accounts learning maybe a 5k teacher could have saved u 5k then again maybe not!! its all very subjective thats the thing trading itself does not have a holy grail. simons of renaissance would be a terribly miserable teacher. he has a great track record but its all math n colocation globally and u cant do that n the equations he would spit out at you about electrical circuits n jitter would put u on the wrong path. so again try n figure out what you want out of it and find the best teacher or class that does what YOU want because YOU are paying for it.
If you can code a bot to trade you should be able to show people with reasonable intelligence and discipline how to trade.
If being the operative word, there are 950 robots in Striker (https://www.striker.com/searchsystems.php?order=sys&sb=alpha&kw=a); 1862 in iCannon (https://cannon.isystems.com/); over 400 in collective2 (https://collective2.com/reviews); when I reviewed them earlier this year, guess how many make money? Very very few!!!!!!!!!!!!!! Like carbon based human trading, silicon based robot trading is equally dismal. And most of the bots that make $$$ take 12-50 trades per year, are all hypothetical back-tested and virtually none trade real $$$.
lmfao. i sleep better knowing i have a data scientist of sorts cleaning up my data. feel free to fix all outliers and have it on my desk in the morning dazz
this thread has gone from teaching to teaching automatuon. automated systems are static now a days they suck