|
PureBytes Links
Trading Reference Links
|
Again I want to emphasize that the content of the post was not mine. See
the end of the post for details of the original poster. That is where
the credit is due.
Steve wrote:
>
> Chris, that was a very helpful post. I would like to emphasize one part of it.
>
> Question # 7: Asking a guru, mentor, or trainer to show you consecutive
> brokerage statements for a "minimum" of a few months (or "at least" 3 months
> of monthly statements showing all trades for those months), preferably
> longer, is the absolute "best" way of initially screening a trainer.
>
> First determine if they are profitable with their own method or system.
>
> This question should be moved to the top of the list as to save time. Most
> trading system vendors or teachers (if you actually want to call them that)
> will fall short with this request.
>
> You will find that 99% of the time they will come up with every excuse in
> the book not to show you there own trading statements. Some may offer to
> show you a spreadsheet or trading log but that could very easily be fabricated!
>
> Would you want to take a pilot's training course from somebody that can't fly???
>
> Absolutely not and you should not let anybody's hype related to selling
> their training/system persuade you to part with you money unless they can
> prove to you via actual trading account statements that they are successful
> at trading!
>
> The rest of the questions are great for evaluating whether they have
> something you might want to pursue. But if they can't pass good old
> question # 7 (re-label it to question # 1), move on and save you money, time
> and effort!
>
> Good trading,
>
> Steve
> stevess@xxxxxxx
>
> >Chris Jackson Wrote:
>
> >Here is a checklist i saved from a newsgroup. Credit goes to the author.
>
> >I've evolved an "interview" sieve process for evaluating trading
> >systems, basically my hands won't part with any money until a vendor
> >can answer a majority of these questions directly, honestly, without
> >evasion or obfuscation.
>
> >>>>>>>>
> >7.) Are you willing to show me your personal brokerage trading record
> >(not a computer generated record) of trades using the "System" or
> >"Method"?
> >>>>>>>
|