|
PureBytes Links
Trading Reference Links
|
Some of us make a concerted effort to get across the fundamental idea that a
few thousand dollars and a purchased system does not a trader make. If a
stranger walked up to any responsible adult and offered $5000 a week for 3
years in return for $5000 he/she would laugh and walk away. Why then do so
many wanna-be traders believe that someone is going to sell a system which
provides huge returns on investment? If this guy really had a system which
consistently produces $5000 per week ($260,000) per year in profit, trading
one lots, why in the world would he sell the system instead of trading 10 or
100 lots and getting rich? Why is this guy paying for ads and going to the
trouble of answering a phone and shipping out materials? It's obvious - the
guy can't make a living trading his own system! A money back guarantee on
trading systems is worth zip unless they guarantee to make your losses good.
Why people think they can buy a computer, some software, and perhaps a
trading system, and earn a living going head to head with professional
traders is beyond my understanding. Would you do business with professionals
in any other area who had no training or education? Wanna-be traders who
have not undertaken a thorough education in the markets are going to be
cleaned by the professionals!!!
Earl
----- Original Message -----
From: ted stampeen
To: RealTraders Discussion Group
Sent: Wednesday, May 19, 1999 4:20 PM
Subject: GEN> THE DOW??? and a book
also has anyone ever read anything by J.D. HAMON, GOT MY OMEGA MAG today
and see
he has a system for offer,, ya I know another one of many,, but it differs
a bit , in that it says its quite tradable for small accounts. says a
5,000$$ account is do able, not the full portfolio, called THE SPIKE-35
SYSTEM
i.e.-- 12 commodity portfolio- 1-lots- Ave 5k$ a week for 3yrs
52% correct------ gains are 3.4 times larger than losses
profit factor 3.67 to 1
past performance covered 1,619 trades, Ave profit-1,282, Ave loss $380
WORST MONTH showed a gain of $$ 3,442.oo
all for the amazing low price of $100. 1yr $$ back,
any thoughts besides sending U my $$$$
|