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<DIV><FONT color=#000000 size=2>Group:</FONT></DIV>
<DIV><FONT color=#000000 size=2></FONT> </DIV>
<DIV><FONT size=2>Was it George Bernard Shaw who said: "Those who can
do; those who</FONT></DIV>
<DIV><FONT size=2>cannot either teach or write"?</FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>PS: I have been both a teacher and
writer<G></FONT></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><FONT size=2>Charles</FONT></DIV>
<BLOCKQUOTE
style="BORDER-LEFT: #000000 solid 2px; MARGIN-LEFT: 5px; PADDING-LEFT: 5px">
<DIV><FONT face=Arial size=2><B>-----Original Message-----</B><BR><B>From:
</B>Randall Kurzon <<A
href="mailto:rkurzon@xxxxxxxxxxxxx";>rkurzon@xxxxxxxxxxxxx</A>><BR><B>To:
</B>RealTraders Discussion Group <<A
href="mailto:realtraders@xxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxx</A>><BR><B>Date:
</B>Thursday, March 18, 1999 11:01 AM<BR><B>Subject: </B>T-Bond Manual:
Buyer Beware!!!!<BR><BR></DIV></FONT>
<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></BLOCKQUOTE></BODY></HTML>
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Reply-To: Steve80866@xxxxxxx
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From: Steve80866@xxxxxxx
To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
Subject: Re: T-Bond Manual: Buyer Beware!!!!
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In a message dated 3/18/99 8:54:58 AM Mountain Standard Time,
rkurzon@xxxxxxxxxxxxx writes:
>
> Sorry to be so long winded but it really irks me when people want to take
> advantage of other's ignorance.
(snip)
>
> 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...................
> .......
>
And it irks me when people make accusations without basis. There has already
been a very good review of this manual on this list. And there are individual
traders using it that you can inquire about it from. Yes, you have a good
point about no money back guarantee, but I'm not sure that justifies your
attack.
As others have already done, interested individuals may contact me privately
for my personal experience with the manual.
Steve
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