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Oops, Im forgot to mention that I also live in Queensland Australia and like
David have no association with SITM other than as a client.
Regards,
Roy Kaufman
----- Original Message -----
From: David Bosley <bosley@xxxxxxxxxxxxx>
To: Realtraders <realtraders@xxxxxxxxxxxx>
Sent: Wednesday, August 18, 1999 2:12 PM
Subject: Re; Is it scam?
>
> Patrick, I have to say that I agree entirely with Mr. Kaufman's comments
> as below.
>
> I also found David Bowden's SITM an excellent intro to trading because;
>
> a. It is the best guide I have found to the full activity of
> trading. It introduces the complete beginner to psychology, money
> management & risk management as well as an easily understood method for
> evaluating trade opportunities (Gann's swing trading method). Many
> experienced traders agree that the method of trade selection is probably
> the least important aspect of trading & therefore I see no problem in
> using a simple technique such as this to enable new, aspiring traders to
> learn, it also has the advantage of being hand drawn & not involving
> expensive & often complex software in the early days of learning.
>
> b. In Australia membership of SITM brings not only the notes but
> also free & unlimited access to their excellent help line. I presume
> this is also the case in the USA. It also includes data for three
> different markets with worked examples so that members may practice &
> check their progress.
>
> I joined SITM 2 years ago, worked through the package, learnt about
> psychology, money management & risk management but decided that the Gann
> techniques did not suit my situation hence I now trade futures, I
> believe successfully, using other techniques but I still feel that the
> money spent on SITM was well worth it. In fact, in the process of
> developing my trading knowledge I have read many works by many well
> known traders & have not yet found one who I believe treats ALL ASPECTS
> of trading as well as SITM. Further more I have seen many of the
> "systems" which some of the big name traders sell & believe many of
> their claims to be very suspect.
>
> I have not been to any of SITM's subsequent (& expensive) seminars nor
> have I bought any of their videos etc, having worked through the Starter
> Pack, the No1 Trading Plan & used their help line as much as I needed, I
> found I had enough confidence in my ability & understanding to stand on
> my own two feet & make my own way. Using their techniques I have never
> once had my account equity fall below my initial deposit even though I
> have been trading the SPI (like the S&P) which a number of well known
> American traders have said in my presence they would not consider
> trading because of its volatility.
>
> As a member of a tech analysis association here I do know that many new
> traders have had their start through SITM, some have stayed with it so
> must be satisfied, others have followed their own paths.
>
> I consider that my A$900 was money very well spent, I don't know where I
> would have found a better way of learning how to trade futures & I
> believe that what one achieves from it is directly related to the effort
> one is prepared to put into it. As Edison is reputed to have said "Most
> people never recognise opportunity because it goes around wearing
> overalls & looking like hard work"
>
> Finally, please understand that although I live in Queensland, Australia
> I have no connection with SITM other than as described above.
>
> Regards David
>
>
> Date: Tue, 17 Aug 1999 19:55:10 -0000
> From: "roykaufman" <roykaufman@xxxxxxxxxxxxxxx>
> Subject: Re: is it scam
>
> Patrick, I found david Bowdens Safety in the Market an excellent
> introduction to trading. I had absolutely no idea of how to trade, place
>
> stops or back trade a system. I invested $900 australian in the Starter
> Pack
> and it set me on my way. A small price to pay for some solid basic
> knowledge.
> Unfortunately, Bowden now bombards me with 'offers' for super expensive
> courses, tapes etc. but has never phoned me personally to enquire as to
> how
> I am trading. I also believe that he is in cahoots with some major
> aussie
> brokers who take on his clients as SPI traders using his system which
> is,
> yes, the Gann pullback method.
> All in all I've outgrown Safety in the Markets but I'm happy that I got
> my
> $900 worth.
>
> Regards, Roy
>
>
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