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Ron and other people defending traders hawking junk to people that don't know
better...
No, I don't have to be fair. If you sell your name or reputation, you are fair
game if the products and commercials are cheesey. I don't question Larry
Williams or anyone else's trading. The beauty of trading is that your own
account keeps score. Period.
That being said, taking advantage of the public is not excusable. Not to me.
People that sell junk to suckers don't get a pass from me. If you wish to give
them one, be my guest. Trading is hard to learn. It's impossible if some slick
infomercial features a well-known trader that sells you a pile of goo. Doesn't
anyone value their own reputation anymore???
Someone said...never give a sucker a break...better is: Fool me once, shame on
you. Fool me twice, shame on me.
Me? I trade for a living. If I tell someone I use a product, you better damn
well believe you'd see that product on my trading computer. I don't sell my name
or my reputation. You can't buy it at any price.
I don't know Larry Williams or any other slick salesmen out there peddling
things. And that's the end of my sermon. Do the trading world a favour--Help
someone new to trading next time they ask a question. It's hard to get started
trading, especially with all the 'big names' looking in your wallet.
Tim Morge
Ron Augustine wrote:
>
>
> Just to be fair, it should be noted that these tacky info-mercials are not
> created or owned by the likes of Larry Williams, Jake Bernstein, etc. They
> are simply hired hands-- same as Sly Stallone is hired by a movie producer
> to star in a Rambo flick.
>
> "Hey Larry -- I'll give you a cool mill to sit in front of a camera for a
> couple of hours and spout off about your incredible trading system. Once
> enough suckers respond and I recover my investment and make another mill,
> I'll give you 50% of everything we take in beyond that-- how's that sound
> Larr??? What da ya think ??? -- Sound good??? -- Beats trading, Yes???"...
> _____________________________________
> At 10:01 PM 6/29/98 -0400, you wrote:
> >> Why would you think there is "not any true risk in a trading contest"
> >> ???
> >> It was real money and the account was being traded in the real market.
> >>
> >> Larry did have a $300,000 draw-down on his way to $1.1 million, so
> >> obviously
> >> this occurred after he had bumped the $10K start-up a bit.
> >
> >Obviously, the perenial question is, if he is so good at trading why
> >does he spend so much time hawking trading systems and classes in the
> >same cheesy fashion as Ron Popeil and Ginsu knives?? Although I have
> >heard enough about him to respect him more than most, his marketing
> >tactics are quite unprofessional, IMHO.
> >
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