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<DIV><FONT face=Arial size=2>I rarely post any messages to this list but this
time I feel that there is some information that people new to trading should
have. Hopefully this will help at least one person if not many to avoid wasting
money.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>I sent an e-mail to Bill Eykyn a few days ago
requesting information about the trading manual he offers for "<FONT
face=Arial size=-1><B>$377</B> <FONT size=-1><EM>plus post and packing".
</EM>I explained that I am not new to trading as I have traded over 7 years but
I am as yet not satisfied with my performance. I started in stocks, switched to
futures (mostly the S&P) and am now looking at T-Bonds. I thought Bill's
manual might give me a jump start but I asked for him to justify the price
considering that some of the best books out there (by authors such as John
Murphy, Edwards & Magee, Perry Kaufman to name a few) are only a fraction of
what Bill asks for his manual. I also asked for some proof of his trading
ability and some references which are not connected with him or
DBC.</FONT></FONT></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Bill replied that his is a manual and not a book
and can lie flat in front of the computer (Yes, I'm sure this makes it worth
more- cheaper to bind this way). He goes on to say that one is also allowed to
visit the website after purchasing the book to see how trades would have been
done in past days (20-20 hindsight?). He goes on to say <EM>"You see, I was
a writer before I was trader and so I enjoy writing."</EM> Well this raises
a big red flag for me. Why do I want to buy a book from someone who was not a
trader first? By the way, I searched Amazon.com and the only book listed as
written by someone named Bill Eykyn is titled "</FONT><FONT face=Arial
size=2>All you need to know about loft conversions". The same Bill? I don't
know but perhaps he will tell us. Barnes & Noble listed no results in a
search using Bill Eykyn as an author. So what has he written before now?
</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Bill does state that he frequently gives seminars
in the UK and people are welcome to see then manual there and decide. Hefty
price to pay from the US to the UK to check out a book (manual)! He does go
on to say how many people have told him the manual is well worth the money but
he avoids giving names or references. He also avoids the issue of a
guarantee.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Well, just after receiving that reply I sent of
another asking Bill to please address the most important issues of the
guarantee, references, and his trading performance. He started his reply stating
that this reply would be his last post to me (did I hit a nerve?). He states
that he has given my e-mail address to some guy from New York who will soon be
in touch to tell me how great the manual is. Then he states <EM>"So far as
the money back guarantee, I don't do it. Can't be bothered. Too much
admin, etc. I just don't need the biz that much!!" </EM>and <EM>"So
far as my own circumstances are concerned that is only my business. I do
not discuss how or what or anything about my trading - only that I do it for a
living." </EM></FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Now it would seem less involved to send a refund to
a dissatisfied customer than to initially wrap and ship the manual as well as
all the effort required to take that customer's "<FONT face=Arial
size=-1><B>$377</B> <FONT size=-1><EM>plus post and packing" </EM>to the
bank. Every huckster out there trying to bilk money from wannabe traders says
the same "Oh yeah, I make money buy I can't show you my account
statements".</FONT></FONT></FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>I wouldn't even by a candy bar from the local store
if I they wouldn't give me my money back for a faulty product. Amazon.com has
guarantees So does Traders Press, Barnes & Noble and a world of others.
</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>"Technical Analysis of Stock Trends" by
Edwards & Magee is one of the best book published that a trader could want
and it only costs $52.50 from Amazon (could be cheaper at other places?). Can
Bill Eykyn claim to provide more useful information? The list of price
comparisons could go on for ever but that's not the point. There are more
vendors out there peddling snake oil to people wanting to enter this business
than any other business I've seen. </FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>As has been told on this list and others many
times, each person must accumulate the knowledge needed and build a system or
develop a methodology to suit your individual needs. It won't be done over night
and it won't come cheap. It just isn't necessary for the wannabe trader to spend
hundreds if not thousands on overpriced systems, manuals, and books. Seems like
the higher the price of the book or system the less value it has. To succeed in
this business the greatest expense should be your own effort (priced in hours of
your own time). I have worked towards my goal of consistently successful trading
12-14 hours per day 6-7 days per week for the last 7 years. I make money but not
because of any one book or "manual". The key to my advances has been
in learning to develop my trading style to fit my personality. Yes, there is a
Holy Grail but you have to look in and not out to find it.</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Sorry to be so long winded but it really irks me
when people want to take advantage of other's ignorance. If you want to buy a
book or system use the same common sense you would use in buying a car or a
refrigerator. Is there a guarantee? A performance record? References from
satisfied customers? If not DON'T BUY IT!!!!!!</FONT></DIV>
<DIV><FONT face=Arial size=2></FONT> </DIV>
<DIV><FONT face=Arial size=2>Is Bill Eykyn one of the snake oil vendors? I don't
know but if it looks like a duck, quacks like a duck and walks like a duck,
well..........................<BR></FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Hope all this helps someone trade better and save a
few bucks on the way.</FONT></DIV>
<DIV> </DIV>
<DIV><FONT face=Arial size=2>Good trading, Randall</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Thu Mar 18 08:45:05 1999
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From: "Tom Stein" <comfut@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: T-Bond Manual: Buyer Beware!!!!
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<DIV><FONT color=#000000 face="Courier New" size=2>What's the big
deal........</FONT></DIV>
<DIV><FONT color=#000000 face="Courier New" size=2></FONT> </DIV>
<DIV><FONT color=#000000 face="Courier New" size=2>Go to Bill's
web-site.......if you understand tape reading.....you can understand about 75
per cent of Bill's strategy....then decide...if that is the type of trading that
you want to do..........</FONT></DIV>
<DIV><FONT color=#000000 face="Courier New" size=2></FONT> </DIV>
<DIV><FONT color=#000000 face="Courier New" size=2>As far as I can see....that
is a pretty good overview....for free....apparently Bill is doing well enough
that he doesn't really care if you like his offer or not....ummmmmm....maybe
that does say something about Bill...........</FONT></DIV>
<DIV><FONT color=#000000 face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2>P.S. I don't have Bill's manual....I am
just using some common sense......</FONT></DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV> </DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2></FONT> </DIV>
<DIV><FONT face="Courier New" size=2>Tom</FONT></DIV></BODY></HTML>
</x-html>From ???@??? Thu Mar 18 08:45:07 1999
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From: "Tom Alexander" <gta3@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: T-Bond Manual: Buyer Beware!!!!
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This is one of the best posts on this forum in months! I really hope
everyone will carefully read this - especially the new traders. Trading
success only comes about from rigorous study and over a long period of
time. The answers are almost always issues that must be addressed from
within oneself and that simply can not be purchased from any outside
source.
If you are thinking about purchasing books, manuals, systems, etc., ask the
hard questions and if you do not get satifactory answers WALK AWAY!! There
is helpful information out there but it's like finding a needle in a
haystack.
Regards,
Tom Alexander
----------
From: Randall Kurzon <rkurzon@xxxxxxxxxxxxx>
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: T-Bond Manual: Buyer Beware!!!!
Date: Thursday, March 18, 1999 10:54 AM
I rarely post any messages to this list but this time I feel that there is
some information that people new to trading should have. Hopefully this
will help at least one person if not many to avoid wasting money.
I
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