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I have signed up for a class this weekend for $2100 with Optionetics.
Any comments from someone on the forum that might have taken it and
who applies Metastock techninical analysis?
--- In equismetastock@xxxxxxxxxxxxxxx, "Andrew Tomlinson"
<andrew_tomlinson@xxxx> wrote:
>
> Put another way, a successful hedge fund might average 15% pa.
Let's make
> that a proxy for a good trader's average return. So to make
$150,000 you
> need $1mm in capital, and because you're spending that much your
capital
> isn't growing. If you want to be making serious money you're either
going to
> have to manage money for others, or you're going to have to become
at least
> a mini-guru and get some steady fee income.
>
> Andrew
>
>
>
> -----Original Message-----
> From: pumrysh [mailto:no_reply@xxxxxxxxxxxxxxx]
> Sent: Wednesday, December 15, 2004 4:46 PM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Re: Trading vs. selling trading
> tools/seminars
>
>
>
>
> Andy,
>
> Trading doesn't pay as well as many would have us to believe.
That's
> not to say you can't make a living and pull in $100K+ per year.
> Question is can you do it continually? These guys may have a short
> term plan to make a maximum amount in a short period of time and
then
> get out. How many of us really sit down and develop a plan to make
a
> million or two in five years or less and then retire?
>
> I'm always struck by the claims that system sellers make. Their
> systems made 65-85% in less than 30 days. That's great but how
often
> did those 30 day periods come about? Extend that period over a year
> and the return doesn't seem quite as good. Taking this a step
further
> how much investment capital must I have in order to put that $100k
in
> my pocket every year?
>
> As far as the secret sauce, I may get all the ingredients but I
doubt
> I'll get the right amounts, mixing methods, or cooking times.
>
> Preston
>
>
>
> --- In equismetastock@xxxxxxxxxxxxxxx, "metastkuser"
> <andysmith_999@xxxx> wrote:
> >
> >
> > Preston,
> >
> > Yes, I see your point -- the risk/reward in selling tools and
> > knowledge can be much better than the r/r of trading.
> >
> > Still, the fact that traders need to supplement their income by
> > divulging their "secret sauce" (something rarely done in
technology
> > and biotech) makes me think these traders cannot make a
sufficient
> > income from trading alone? Still confused...
> >
> > Andy
> >
> > --- In equismetastock@xxxxxxxxxxxxxxx, pumrysh <no_reply@xxxx>
> wrote:
> > >
> > > Andy,
> > >
> > > It may be just a matter of perspective. Calculating the rewards
> for
> > > an instructional seminar you need to realize that there is a
> great
> > > deal of reward with little risk. On the other side if the
seminar
> > is
> > > free and I charge you for the tools, I can reap larger rewards
> with
> > a
> > > little higher risk. Compare this then to the risks/reward of
> > trading.
> > >
> > > You mentioned also a weekend event. The markets are not really
> > active
> > > over the weekend. This could be a great way to supplement income
> at
> > a
> > > time when you might not otherwise be capable of doing so.
> > >
> > > I once calculated the rewards for a seminar that was conducted
in
> > > numerous cities over a two week period. The per registrant
income
> > was
> > > only $120 but when you calculated this over the two weeks and
> > figured
> > > the number of per day participants minus expenses the income
> > exceeded
> > > $50k. Not bad when you figure this could have been done during a
> > > vacation from work.
> > >
> > >
> > > Preston
> > >
> > >
> > >
> > > --- In equismetastock@xxxxxxxxxxxxxxx, "metastkuser"
> > > <andysmith_999@xxxx> wrote:
> > > >
> > > >
> > > > I have grappled with this for a while -- have asked friends,
> > > traders,
> > > > my wife -- no satisfactory answer yet -- so I'll try this
> forum.
> > > >
> > > > I've attended seminars in the past where the instructor
> impresses
> > > the
> > > > audience with how great life is for him (never encountered a
> > female
> > > > instructor yet), how much money he makes (one guy went on and
> on
> > > > about how much he spends on sushi) and so on. Yet he is
> spending
> > > his
> > > > weekend in a stuffy hotel hall teaching trading basics instead
> of
> > > > spending time with his family or flying his lear jet or eating
> > > sushi.
> > > > Why?
> > > >
> > > > I've also come across traders who claim they are very
> successful
> > > BUT
> > > > want to sell their knowledge/tools to others. Same question:
> why?
> > > >
> > > > The only answers I've been offered is "I want to help others
be
> > > > successful like I am." I don't buy that -- charity is free,
not
> > > > $1,999.95.
> > > >
> > > > Please enlighten me.
>
>
>
>
>
>
>
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