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Mark's points are good. I happen to know an advisory letter writer
who recommends various stocks trades. He doesn't take any of
them, which his client do not know! (However, he does take all
futures trades he recommends). Newsletter is a small one, so it
won't concern anybody here.
Mark Brown wrote:
> Hello scheier,
>
> 99.9% of those over the years i have watched post their supposedly
> great trading results have wound up getting money out ignorant,
> foolish newbies who are also on the same forum. this type of scam
> technique is very common, the guru post his remarkable results (all
> without proper independent auditing of course) on the forum. then
> the guru sets back like a spider in a web - to catch the private e-mail
> inquires from those who wish they were doing as well as the supposed
> guru. if a guru wants to really help others, you would see them post
> more about the risk associated with trading and how most all,
> including the guru's loose all their money.
>
> there is nothing wrong with selling a service - there is something
> wrong with presenting ONLY the future profitability side of things
> like one CTA has done here. It's against the law, and that law exist
> for a valid reason.
>
> If you take the time to read the complaints on the CFTC web site you
> will see that time and time again. Hypothetical trades were being
> pawned off as real trades that the supposed guru made. All the while
> the guru in fact had no such trades in their own personal trading
> accounts. Again this type of misrepresentation is against the law.
>
> That's all my point is. Demand evidence and investigate completely
> before you send your money to anyone. Have a nice day!
>
> s> It's also a forum to bear witness to others who are making the art of
> s> trading work. That's both inspiring and challenging. So I'm wondering what
> s> was the point of this post. What are you trying to sell? Me thinks he doth
> s> protest too much....
>
> s> Scheier
>
> --
> Best regards,
> Mark Brown mailto:markbrown@xxxxxxxxxxxxx
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