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Scott,
Phase 1 and Phase 2 (part of the Investools methodology) is all
about value investing. Maybe that should be value trading instead of
investing. While it may not be buy and hold, it certainly is about
making decisions based on value judgements. Phil Town's book also
supports this philosophy.
I certainly agree about the expense. I also agree about the
education aspects and felt that they did a good job with it.
Although trading is more than making purchases based on the 3
signals they use.
In the end you have to make a decision about the expense versus the
benefit. $12K for the education is a bit steep for my taste. Doesn't
mean its wrong though especially when I beieve it can be done for
far less.
Preston
--- In equismetastock@xxxxxxxxxxxxxxx, "Scott and Sarah Gorman"
<TradingFloor@xxx> wrote:
>
>
> Preston,
>
> I am an Investools student, and I am enrolled in their two-year
program.
> Investools has nothing whatsoever to do with value investing.
Value
> investing is the Graham/Buffet buy-and-hold strategy. The major
focus of
> the Investools program is on educating people how to trade stocks
and
> options. It's an excellent, although expensive program. I've
learned a
> great deal over the past seven months and have added MetaStock to
my
> armamentarium, primarily for backtesting trading strategies.
>
> Scott
>
> (On the Trading Floor)
>
> "Don't let the market make a monkey out of you"
>
> Dr. Scott Gorman
> 6340 NE 19th Avenue
> Fort Lauderdale, FL 33308
> Tel: (954) 202-3536
> Fax: (954) 337-0704
> Cell: (954) 288-2020
>
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> ________________________________
>
> From: equismetastock@xxxxxxxxxxxxxxx
[mailto:equismetastock@xxxxxxxxxxxxxxx]
> On Behalf Of pumrysh
> Sent: Saturday, November 25, 2006 1:26 AM
> To: equismetastock@xxxxxxxxxxxxxxx
> Subject: [EquisMetaStock Group] Re: Interested In buying Metastock
>
>
>
> Mitch,
>
> I have attended a seminar as well. Investools and Metastock are
two
> completely different animals.
>
> I believe the focus of Investools is value investing using the
> investment signals of their guru, Phil Town...Basically MACD,
> Sochastics, and volume. The stock picks are not your run of the
mill
> but are high quality selections which should offer some good
returns.
> Of course nothing in trading or investing is guaranteed. To better
> understand Phil's ideas just buy the book...its cheaper than the
> lowest Investools entry level. There really are no secrets to
Town's
> method. Its been around forever and you'll find similar sentiments
> from Jim Cramer, Warren Buffett, and Peter Lynch.
>
> Metastock on the other hand will assist you with understanding
> Technical Analysis. You'll be able to better understand and
generate
> entry and exit signals on any stock regardless of its quality or
> potential future value.
>
> Do you need to purchase either of these products? Nope!
>
> You can get every one of the Investools ratings for free from a
number
> of other sources. You can also develop your own rating system if
you
> want. Town even tells you how in his book. Actually I've gone to
sites
> such as Reuters and MSN and found some really great tools for
free.
>
> Will you benefit from having Metastock? If you really take your
time
> and do your homework you will find that a lot of TA is pure crap.
> Oddly enough when something of really good value is adapted by the
TA
> community it usually is so misunderstood that you would do just as
> well to flip a coin. There are a few exceptions. In the end if you
> were to go to several of the big dogs in the business what you
would
> find out is that they use very simple methods. More importantly
you
> can find plenty of free TA programs on the internet.
>
> So why bother with Metastock at all. The benefit is in being able
to
> play with charts in a way that you cannot do with the freebee
> products. You can plot indicators on charts in a way that you can
best
> understand them. Your signals are just that...yours.
>
> In the end here is what I would do. Purchase Town's book and read
it.
> Use the ideas from it to select some stocks that you would like to
> follow. Then use Metastock to follow the stocks you have selected.
Use
> the signals generated by Metastock to tell you when to buy and
most
> importantly when its time to sell. By no means should you count on
the
> learning curve as being a short one. It will take you time to get
> comfortable with what you are doing. Even then I would use caution
> before you venture into the waters of trading/investing.
>
> Best of Luck,
>
> Preston
>
> --- In equismetastock@xxxxxxxxxxxxxxx
> <mailto:equismetastock%40yahoogroups.com> , "certifiedplbg"
> <MitchKenney@> wrote:
> >
> > Attended the Get Motivated seminar and almost bought the
Investools
> > but heard about this through scam.com I've heard through a
couple
> > people this program is a lot better. Can anybody tell me about
it,
> how
> > it would be for a rookie investor. Thanks
> >
>
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