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06-06-2012 01:13 PM
mustafa
Quote:
Originally Posted by Unregistered View Post
Ironically, these get rich seminars actually benefits the very people selling you the course..
The conducting company earns 100% of the sevaral thousands of dollars training fee you have to pay them.. Meanwhile, whether you can even breakeven/recover your initial monetary investment is a big question mark...... So if you really want to get rich, then be the one to sell the training courses/get-rich tools to hopeful wannbes.. At least, it's a sure win situation for youself....
You nailed it. I mean, I'm a patron of skills seminars, but these ones don't really appeal to me. If you're interested about the topic though (and you're willing to pay for the fees), then nobody's stopping you to attend.
15-05-2012 03:04 PM
Unregistered
Quote:
Originally Posted by lazyplane View Post
Hi,

I am keen to know if there are folks who have attend trading course conducted by those advertised trading managers and found those tips that are given useful and workable.

Care to share what was the best advice you received ? And what was the "school fees" you paid so far ? And how tips given actually made an improvement to your trading strategy / portfolio.

Frankly, would you also comment if this is due to luck or really increase in your trading skills.
Ironically, these get rich seminars actually benefits the very people selling you the course..
The conducting company earns 100% of the sevaral thousands of dollars training fee you have to pay them.. Meanwhile, whether you can even breakeven/recover your initial monetary investment is a big question mark...... So if you really want to get rich, then be the one to sell the training courses/get-rich tools to hopeful wannbes.. At least, it's a sure win situation for youself....
14-05-2012 01:37 PM
Unregistered Answer to the thread title: No, it doesn't work. Stop wasting time on this.

Read my post at:
https://forums.salary.sg/investments-...html#post24763
11-08-2010 10:30 AM
lazyplane Actually, the Paul incident did really make me think that most of the time , my timing of my trades were just fortunate while i did have a reasonable analysis of the market.

heard someone mentioned that if you follow Paul exactly during the worldcup and always put 100 % back into the next bet... your earnings will have multiplied by 20x. Anyone to confirm ?

Quote:
Originally Posted by Unregistered View Post
for example, would you think Paul the octopus is extremely talented? .
11-08-2010 09:51 AM
Unregistered IF you haven't been lucky, just pretend you were.
11-08-2010 09:49 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
it's extremely hard to tell the difference between talent, luck or a combination of the 2. for example, would you think Paul the octopus is extremely talented? easy? then look at all the self-proclaimed self-made millionaires and ask which of these are talented, lucky, or both, or just lying through their teeth (eg. that ebay "millionaire")?

starting with 1024 people, assign half of them to short the market and the other half to long it. after 10 rounds, there will be 1 big winner who is correct 10 times consecutively. we know he's just lucky. but he himself may be deluded into thinking he has all the talent in the world and will proceed to write books, give interviews, sell his "secrets" and mislead countless others that his strategies are worth a million dollars.

the real secret is: if you are lucky, exploit your luck further by selling your "top secret" investing strategies.
you haven't been lucky, just pretend you were.
11-08-2010 09:44 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
I used to think short term and maybe swing trade with target profit will get you millions... those are crap... hahaha ! Maybe there are people who did it.... but very very few are talented to do that !!!
it's extremely hard to tell the difference between talent, luck or a combination of the 2. for example, would you think Paul the octopus is extremely talented? easy? then look at all the self-proclaimed self-made millionaires and ask which of these are talented, lucky, or both, or just lying through their teeth (eg. that ebay "millionaire")?

starting with 1024 people, assign half of them to short the market and the other half to long it. after 10 rounds, there will be 1 big winner who is correct 10 times consecutively. we know he's just lucky. but he himself may be deluded into thinking he has all the talent in the world and will proceed to write books, give interviews, sell his "secrets" and mislead countless others that his strategies are worth a million dollars.

the real secret is: if you are lucky, exploit your luck further by selling your "top secret" investing strategies.
11-08-2010 12:22 AM
tree
Quote:
Originally Posted by lazyplane View Post
Hi,

I am keen to know if there are folks who have attend trading course conducted by those advertised trading managers and found those tips that are given useful and workable.

Care to share what was the best advice you received ? And what was the "school fees" you paid so far ? And how tips given actually made an improvement to your trading strategy / portfolio.

Frankly, would you also comment if this is due to luck or really increase in your trading skills.
1. the previews are free, but not much is revealed except to persuade you to sign up for the 'full' package. full package is usually in the thousands. 3k is common. i didn't sign up, my friend did.

2. there is no 'best' advice from those seminars. you do learn something, but there's nothing u learn there that u cannot learn from books, internet, etc.

3. the best advice i read, from a book is to "protect your principal". it sounds similar to buffet's only 2 rules of investing, of which the first is 'don't lose money'

4. the most valuable skill u can pick up is actual experience. nothing u learn from seminars, books, etc can replace that.

5. personally i find some books useful, but only to a certain extent. u can have the most wonderful theory on how to trade profitably in the market, but the only way to prove it is to put money on the line.

6. hope that helps. good luck to your trades!
10-08-2010 10:54 PM
Unregistered Hi hi, i do FX trading only. This market is very trend and there is no bull/bear thingy because one rise and the other pair goes down.... pair trade.

I used to think short term and maybe swing trade with target profit will get you millions... those are crap... hahaha ! Maybe there are people who did it.... but very very few are talented to do that !!!

Go for long term trading, trend trade and pyramid your positions. In long run, the profit is just as good as short term trading. In short term trading, your discipline and entry price must be good and exit are limited... if u use target. I did short term trading must missed lot of setup... and too much screen time.

Long term trading allows you mostly in the market and let the market work for you... not the other way round.

There are many trading forums to learn. You will learn better from traders than from books which spout theories and bad habits for trades... mostly crap !!
10-08-2010 05:13 PM
lazyplane Ah, do you do only fx or is it more fixed income trading?

So if you into fx crisis trading, then is it the dollar / euro that you are hitting on ?

By the way, i love the aud/sgd spreads. think this will move more in the months ahead.

Quote:
Originally Posted by Unregistered View Post
It's me again !! I write above is more pertaining to Forex.. which i trade. This is a different animal compare to Stock. Crisis investing gave really good risk:reward but only to good companies at wholesale price.
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