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Hello,
Lee has a number of systems he has marketed, originally thru Windsor, recently
thru Tradewins. I was one of the newbies who paid $2500 (I think, it may have
been $2000, whatever it was a hell of an investment) for a system called TT
30. It is a breakout system using what he calls a 3 day Kris Kross, where you
use a combination of market range of the high and low and open and close, and
plug it into a simple formula. You then enter the next day if the market hits
your point, on a limit order. There are a few other entry and exit rules, and
other money management rules. I bought the system in mid 1994 and used it to
short term trade (1 to 4 or 5 days) soybeans. I was manually calculating my
points and made enough money to pay for the system and a little more. With TT
30 he included 2 other systems, one called the S&P Plan and another the Bond
plan. They are breakout systems using inside and outside days, and higher and
lower days, with simple rules. His systems are totally disclosed in the short
book he sends you. ANYWAY, I got cocky, started trading his bond system, made
a little money and ignored his strict stop rules. When the market turned
against me I just couldn't deal with loosing $625, knowing the market would go
back my way, and that loss became about $3000. That blew me away and I took my
too small account and went home with my tail between my legs. I then went into
a cycle of blaming Lee for selling me a piece of $2500 shit, when looking back
I knew it was my own mental short comings.
Bottom line is 2 years later I came back with a new attitude and a little more
money and have consistently made money with his systems, when I followed the
rules. It obviously doesn't win all the time but when the system ( primarily
the TT 30) is followed and is in a liquid market, it will make money over time
with extremely low drawdowns. I don't know if he sells TT 30 anymore as it was
marketed as a limited availability system.
When I began trading the second time I came back computerized using TS. I
called Lee up and 2 years after purchasing the system, he sent me the TS code
on a floppy via overnight mail. He was also extremely accessible via phone,
even calling me back on his on dime, the two times I called when he couldn't
imediately answer my questions. I don't think it is immoral for a man to sell
a system for a significant amount of money even if it is the reworking of
common indicators ( and I'm not suggesting that Lee has done this, although it
may be ) if it is workable ( will over time make money if made applied as the
program directs ). My bottom line is, was he honest in delivering what was
promised when I spent my money. My answer to that 4 years after the fact is
yes. When you are beginning to learn about trading and even later it is a
shark pit out there when purchasing info ( to put things in perspective I
spent $70,000 getting my degree for my primary profession in the real world )
and I have purchased some pure trash. Yes I spent $150 for Wells Wilder's The
Delta Phenomena and $80 for Robert Wiest's Can't Lose Trading Commodities,
which I feel was totally pissed away. I spent God knows how much money with
John Stenberg and his AST Network. I can't say that was TOTALLY pissed away.
I see these attempts as money spent toward an education. Thank God I didn't
loose a ton of money trading some of the more worthless systems or advise
programs ( I relate this only to my very strong sense of survival ). I also
haven't quit my day job. Since I'm venting I also spent a very reasonable well
spent small amount of money with Arthur Ullrich for his Trade Tutor program. I
am convinced that an average person with a little common sense can take some
simple basic systems and make money. But then back to reality, if I had not
taken some of the turns in learning the small amount I have been able to learn
about trading commodities maybe I could quit my day job. Oh well I do love my
day job most of the time.
Take care,
Roy
P.S. I have absolutely no finnancial relationship with any of the people
mentioned
other than the money I sent TO THEM.
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Date: Tue, 07 Jul 1998 14:48:12 -0700
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From: Joe Slater <slater@xxxxxxxxxx>
Subject: Re: Lee Gettess
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At 12:04 PM 7/7/98 -0500, you wrote:
>I seem to remember from mailings it's Lee Gettes and I think his stuff is
>solicited by Windsor Books. I don't know his work and I am not
recommending it
>as being positive or negative in content. I checked my library and I have
none
>of his work.
>
>Tim Morge
>
His phone is 520-855-3728
fax 520-855-6764
I don't know what his current systems are. TRADEWINS seems to be his
publisher.
I have never talked to him, but he has always been responsive to my faxes.
I have been following a fax advisory he writes. The results have been mixed,
but positive.
Joe Slater
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