RE: Beginners Questions
(2016-05-01, 11:55 PM)isatrader Wrote:(2016-05-01, 06:58 PM)SebForLiberty Wrote: Thanks for your answer. Yes, but this isn't a proof that he is generating an high return from his system. If you research any successfull trader, you can find for example his net Worth, or even the % of return they have been achieving, in his case i find nothing. And he isn't Young, so he should have a very large fortune thanks to the power of compounded returns, especially if he sells a newsletter generating hight revenues.
Why don't you ask him personally then. As he gives his email address freely in all of his interviews for you to contact him.
But, I don't see why you care so much about this. As the book was published 28 years ago, and still used today by investors/traders, and the institutional consultancy service is still going after all this time, and you're insinuating that it's some kind of scam, because you can't find his financials. Do you think he'd still be consulting professional traders after all these years if there wasn't something in the method that worked for them. That just wouldn't make sense.
But, if you don't trust it, them don't put the effort in try to and learn it, as there's plenty of other methods out there for you to try that are much easier, as Stage Analysis takes a very long time, and a lot of effort to learn.
I didn't know that. Thank you. Do you have the adress ?
I'm not saying it is a scame, i'm just aware that achieving a better return than the market is very hard, and losing money very easy (as i experienced when i started trading, or should i say gambling, when i was 18 years old).
Therfore when i look at a method, to know if this method is effective, i simply look at the success of people who use it.
Just like if you want to learn about entreprenorship, you will read the writing of very successfull entreprenors, not the books of people with no proof of success, right ?
Now you have a point about his news letter, even if nobody know how much clients he has. And maybe he has a fortune which isn't known, but that would be unusual.
I hope you don't mind if i'm a sceptic, i think that's just a rational attitude in trading.
And even as a sceptic, i really enjoy to read his books, it's a very interesting view of the market and i share this vision.