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> I am looking at a program now that is offered at $10K. I am
> watching one individual paper trade the program, which he has been
> successfully doing for a week. This is no indication that he can
> real trade it successfully, which he intends to start doing this
> coming week. After several weeks of viewing the real trading of
> $100K first hand, I intend then to make a decision for my "trial"
> which lasts for two weeks and costs $250.
You can learn the system on a 2-week trial for $250 !?
What's to keep you from learning it for $250, then walking away and
not paying the guy $10k?
Who's teaching it, anyway, if I may ask?
> The point is, whatever the price of a system, it
> must perform and you must be able to trade it before you buy. If
> the vendor does not allow for this, walk away.
I've never heard of anybody offering this. I would be very
interested to hear your results with this course.
FWIW, I once took a course in daytrading the S&P when I was first
starting out. After taking it I papertraded it in realtime for 2
weeks, and averaged about $1000 per day. And I could see that I was
missing a lot and should get better as time went on.
I left for a week vacation and started trading it with real money.
(Probably a mistake.) My account was small so I couldn't stand too
big a drawdown. (Definitely a mistake.) I started with big SP's
instead of the then-brand-new eminis, a HUGE mistake.
I then took 7 trades with the system, and picked 7 losers in a row.
I would take a loss, stand aside to lick my wounds, watch the market,
and watch 3 or 4 trades go by picture-perfect. So I'd get back in,
the market would start my way, then *spike* back exactly to my stop
or 1 tick past, then continue on its way to make a fat profit if I'd
stayed in. This happened on 5 of the 7 losses. Several times I
increased my stop, but the market just spiked back a bit farther. So
I'd sit out a few trades, watch them develop just as I thought they
should, get back in, and get whacked again.
After 7 consecutive larger-than-anticipated losses (because I'd
increased my stop), I threw in the towel and left with my tail
between my legs.
Gary
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