SpearPointTrader

You are the one on here bashing anyone and everyone without justification. That is why I questioned you. Since you can't answer a simple question, how do you have the balls to try and turn it over on to me? Is this your way of trying to save the fact that you have been exposed?

You didn't discover anything. There is no hidden agenda, You made it up in your own little fantasy land.

Well, just buying a course will not help. However studying the course, and mastering the skills is what makes the money. You are right, trading is an ever changing environment. This is why I prefer indicators that are in constant flux. For example, I prefer to use the upper bollinger band to find resistance, than the last turning point. This is because it is vastly more accurate due to the fact that is is constantly adjusting with the current conditions. I like a layerd approach as well. I use the old fashioned lines of support and resistance, trend lines and patterns of congestion to identify market that are ripe for a trade. However come entry time I am using fluid indicators like the Bollinger bands to actually place my trades. I also believe in knowing as many good high percentage set ups as you can. I have 8 main ones I use over and over(the core of my system), but if I see one, I will trade the break out of a channel or a 3 bar inside outside day, (or a double inside day) in a heart beat, even though they are not technically part of my core method. I also take into consideration bull and bear flags, and triangles and pennants. All these things are all parts of different methods i have studied over time. They all make an impact and help me choose what to do, and when.

It's not a side track question at all. You are making yourself out to be some sort of blanket expert on course scamms. I have asked you repeatedly to qualify your ascertations...which you can't do, because you don't have any actual expertise. You are just making it all up to sound important. A good example is how you vacillated from telling me I had good intentions, to now definitively claiming my course is a scam. However, you have no way to know this, since YOU NEVER TOOK THE COURSE! How could you, it never sold a single copy. Which brings me to the question, "how can *I* be a scammer, for NOT selling something good?" Oddly, in a paradoxical way, this makes you the scammer, because you are trying to fake everyone out that you have some sort of knowledge on this subject, when you really have not got a clue. Which I think is pretty funny. :rofl: :haha: I have very little respect for your type.

Well, it's not a matter of it being the one and only 'Correct Approach' The method wins more then it loses and constantly grows the account due to having smaller losses, than wins. The way I look at this, is that the markets have a large number of reoccuring conditions that we see over, and over again. Each has various ways to identify them early. The real key is to find what those ways are, and master them. For example, there is the condition of being over bought, or over sold. It's one market condition. However, there are a bunch of indicators that can be used to track them, and even more strategies that can be used to capitalize on them. ALL of them are right, so long as the make you money. Mine is not the only way.

FINRA does not teach one how to trade. They only hold the exam. You have to buy an outside course to even pass that. Actually, FINRA does not even host the exam. They just document the payment and the results. They sublet the exam out to some other outfit. Ok, you got me on the course thing. I have to admit taking the ones at the MERC back in the day myself. However, I have never seen a course on trading at any of the colleges near me (I looked for them in the late 90's, maybe it's different now). A Statistics class will not help learning to trade. I did not know about there being mock trading floors at some universities. They did not have those in my day. The bulk of my post was that structured education is vastly superior than trying to figure it out on your own and reinventing the wheel. I can right now go to a dozen sources that have free introductory information to get you started. However, I have been at this a long time. A beginner is not going to know what to even look for, let alone what to do with that info. I have a friend of mine who struggled for years tying to figure out how to trade the forex on his own. he kept insisting everything he needs to know is available for free, online. All he had to do is google for it. Well, he kept losing, or breaking even. It was killing me watching him blow up over and over again. eventually, he softened and started asking me advise. he lives in Florida, so I coached him over the phone and emailed him examples of stuff. Once he had some direction, from an experienced trader, it turned his game around. He's fairly successful today. I have seen time, and time again that just randomly tying to figure stuff out is frustrating, costly and just plain inefficient compared to having a step by step curriculum to follow.

One more thing, asking you to state which courses you have personally examined, to determine if they are scams or not is not passive aggressive. It's a direct blunt challenge to your expertise on the subject. Your attempt to spin the subject on me instead of answer is a clear indication that you have No knowledge of which you speak, and have absolutely NO experience on the subject you are inferring such profound expertise in. You opinion is unqualified in any manner. You have done nothing, or shown nothing to justify it. Which means your motivation for doing so is purely psychological. You remind me of weak people who have to put others down to make themselves feel important.

So, I can see your purpose here is to mindlessly trash people, for no reason, based on nothing but your own fantasies. That my friend is slander. The truth is, you have not surveyed the myriad of courses out there. You have no idea if any of them are scams or not. You don't even know the actual content of them at all. Youa re just guessing, because you have absolutely no first hand knowledge of ANY of the courses you disparage. You are now attempting to expose me as a scammer, when I nixed the whole project and it never even went into production, let alone hit the market. In addition, since it never hit the market, you have not been able to review the course, so you have no idea if it's a scam or not. Since the course is not for sale, likely never will be, you are just calling slanderous names for no other reason than it makes YOU feel important to belittle others.

Dear lord, I am never gonna get this drywall done!! Well, this starts getting into the realm of teaching and how people learn. When you are of age, your parents send you to school, where you are taught to read and write in a Progressive, systematic way so you, step by step, master the skills of reading, writing, history and whatever in the most efficient manor. now, if you were to just tell a kid "look, you are 5 now. Here is the internet, learn your K-8"....he's gonna fail. Most people go to SCHOOL to be taught competent mastery in their field of study because the teacher lays it all out in a step, by step manner. This is how humans learn the most material, in the shortest amount of time. You can spend 15 years reinventing the wheel, or you can learn for a teacher. since trading is not somehting taught in schools, and the only real avenue to learn is through self study courses, you are kind of limited in your options. By trying to just randomly figure it out on your own, you will never get anywhere. A good metaphor would be a kid who is being bullied in school. try as he might, on his own, his bully beats him up every day. he may go to the library and take out self defense boo, or read UFC magazines. he may spend hours, and hours online scouring all the random stuff on youtube, but he will never beat his bully. However, if he finds a teacher, who can lay out the progression correctly, from the first step, all the way to free fighting, he will eventually beat his bully. Now fighting is a physical skill, and to really progress you need live coaching. Trading isn't that intimate. If you can get a self study course that is layed out in the right order, you will progress in weeks, what would otherwise take you years of random online obsessing. THAT is what people are looking for. I am certain, if they had trading courses in schools, like community colleges, people would go there first. However, they don't, so they seek the only real option short of passing the exam and going to work as a broker (Even then, there are no classes for it, you have to buy an online course)

How do you know this? How many courses have you studied? Or are you just making blanket statements because everyone else makes the same ones.

I have already gotten several PMs today. I replied that the course is not for sale. I am not saying I would not teach what I do to the right person. You would have to be blood family, family by marriage, or someone I'd actually be genuine friends with, for years.

That is how you develop your knowledge base. I have a PDF collection of like 400 trading books. You also need to constantly study, and learn. Your intellectual development does not stop just because you get out of school. Also, I don't remember exactly where you pulled that from, but it may be part of the market research I was doing when I was going to publish the course in the first place. You can go to the book section and find my review on "Four Simple Trades That Work", which is a short sample of portions of my course that I condensed into a new subsystem and threw up on amazon. You can also see where I got busted and all the hell I got.

How do you know so many people are "Grail Seekers", and not all people who are actually looking to learn how to trade? It sounds to me like maybe you have created a little fantasy in your head, about a bunch of individual people that you will never know, never met, and have absolutely no clue about, let alone know well enough to judge their motivations.

I never got to the point of having having prospective students. Although, I do believe asking for proof the system is viable is not a bad thing. It's part of due diligence. That's why I initially set up a page on the collective. If you don't know, its a third party that evaluates system performance. What I would do, is place trades there, instead of at my broker. It records the order in real time, but under simulation (my broker does not accept their signals) and logs the entry and exits. Although this is technically a "Sim trade" it's done in real time, so people can see how the system performs. It also helped me track my performance because it gives me all the stats. You never answered my question. How do you knwo there are all those scammers out there? Have you made an intensive study of all of these systems to determine if they are fraudulent or not? Or are you just making wild, baseless claims? Which system, do you have personal first hand knowledge of, that are scamms?

Can you explain why you think this then? Maybe point out a specific example of a course that is a scamm, and give some details as to why you feel it is so? How many courses have you taken? How many do you have an intimate knowledge of from detailed study and testing?

Well, even if you are looking for a genuine educational course, you pretty much have to purchase a system. Either that or Pass the National futures exam (still have to buy a study course for that), and go get a job in a brokerage. Trying to find some elusive master, which is just not available outside certain rather tight circles is hardly practical for most. I personally don't believe there are a huge amount of scammers selling courses. I think that is just erroneous "Common wisdom". I don't doubt there are course that are incomplete, either by design, or more likely lack of writing talent. But I don't personally think there are many scam artists. As for my "Intentions being good" I only got THAT feed back when I decided not to sell the course. When I was doing the test marketing, I was just another scammer trying to "Rip people off". My actual intentions, and motivations never mattered. If I stated them, while selling the course, I was a liar. If I stated them AFTER I took it off the market, I am somehow magically genuine. Then people wonder why I am jaded on the idea now....

And This is a good point. However, from the authors perspective, some guys just like to share what they do. Others like the idea that they have a published book. Some, do it to refund after blowing out an account (I believe this was the case of Russell Sands form the Turtle trading system) or take a smaller account to a point where it can be lived off of much more rapidly. Others write the course, initially to organize their thoughts for themselves. Later someone talks them into publishing it. Sometimes, having a steady income from a course, that pays the bills takes the pressure off of trading, so you are more successful. I did it for a mix of the above. I have noticed the biggest ones all seem to be in the brokerage business, and write courses to help their clients(My broker did this), and also in part to help market their brokerage. Same for information and data services. Successful traders will pay for data long term. Losers will not. It's a matter of customer retention for them. Oddly, I noticed these publishers do not seem to be demonified too much. Maybe because there aren't too many of them? or they have limited availability? I don't know. I can't figure out why people demonify anyone for sharing their knowledge. So, there are a lot of reasons one would publish a course. It's a huge multifaceted thing. You can't make one dimensional blanket assumptions as to anyone's motivation. What is still don't understand is all of the negative opinions people have of guys who do decide to share their knowledge and charge a fee for that. It boggles my mind to no end.

You know, one thing teaching martial arts has taught me is that any skill can be taught by breaking it down into a step, by step systematic teaching program designed to take the raw beginner from 'Know nothing' to proficient. My course was written form that experience. I designed it that way in large part because other courses I had gotten in the past were simply not structure the way people learn. I actually took my martial arts curriculum,wrote it all out in one column, and on the other side of the page I wrote the corresponding trading skill for each level that I used to replace the martial arts skill. Like a martial arts program, there is an exam at the end of each level. one builds on the other, and you cannot progress to the next, unless you pass the test on the previous. Maybe those are the smart one's who are willing to work hard and master what is essentially 2 year long course. You can't know without being personally involved in people's lives. I have a 25 unit minimum at $80.00 a pop for the fulfillment company to produce them. So there is a fat chance someone could get this with a PM to me. I killed the project before the printing. There are only a handful of samples floating around. Those are in the hands of the guys who helped me write and produce it. No one is going to part with their copy.

No thanks. I can just make that trading...with Zero extra effort. I don't see myself ever selling the course ever at this point. If anything, I think my post explains "Why" most people don't sell their system. My guess is the guys that do, were not involved in the market research, and test marketing. They are probably blissfully unaware how negatively the general population views them. It's kind of sad really. Having wrote a course myself, I suspect most of them that are on the market are worth the price they charge. However, one has to realize these things just open the door, and give you the fundamentals to succeed. It's like learning to read and write. Just majoring in English does not mean you will become a world class award winning novelist. Going through the process, I uncovered a million details to what I do, that make it work, that I was not even aware I applied. Tiny things, that seem insignificant, like the distance the days open, from the previous days close matter. I knew this subconsciously, and traded with that knowledge subconsciously, but I was not consciously aware of it's importance untill I had to write it all down, and review it over and over again. Sometimes months would go by in between readings, and only then, with a fresh mind would I realize a little detail had been neglected and must be edited in. I am no professional writer. I can easily see how someone with less literary 'attention to detail' can skip things that are essential in a course they write.

You know, I actually wrote an entire course on my system. I have 1000's of hours into writing it, editing it, post production, making the graphic examples happen, searching and interviewing fulfillment companies (it cost $80 to produce each until. best I could find). I even shot a little video and did an audio book. After some sample marketing, I decided to pull the whole thing at the last second. Peoples attitude towards learning is plain foolish, and quite frankly if I had know selling my system would make me such a scum bag, I never would have wasted my time on it. It's a great course. I started with basic understanding of the use of trend lines, support and resistance and how to calculate them in a variety of ways. Then I move into identifying chart patterns and how to perform break out trades. There is a chapter on all the indicators I use, another of Stop Loss placement, order types and their use. That is followed by how I use my indicators in combination and the 8 unique setups that make up the core of my method. There is a chapter on minor set ups I watch for and sometimes take when opportunity knocks. I have an entire chapter on exits, when NOT to trade or take an otherwise good looking set up, how to identify when a good initial entry is turning bad so you get out early and what to look for so you can learn to time exits with the greatest profit from each swing. The system is Fractal. I cover how to adjust it for day trading, swing trading or position trading. I have a chapter on my view of trading psychology, paper trading (I recommend 12 to 18 months and not to enter in for real unless you are winning 60-80% of the time, and making more than you lose), and developing the experience you need to be successful when to comes time to trade for real. I even have a section on stuff I used to use, but no longer in case anyone wants to experiment with things that work in different contexts. Each chapter has a questions, answer, and exercise section at the end (answers in the back to check yourself) For all this time writing, working and pouring my guts into the work, and FIFTEEN YEARS of figuring it all out, I thought asking just under $500.00 was more than fair. Just the chapter on knowing when NOT to trade could save anyone 10 times that. It's a darn good thing I was *Personally* involved in the test marketing. Apparently the over all populace feels that I am a fraud, scammer, con artist or some other derogatory entity because I want to charge for my course, rather than give it all away for nothing. I am only good if I become some indentured servant and give it all away for free. People expect me to slave away, at their beckon call and just give them what I fought long and hard for; or some how *I* am the bad guy (A common theme in our culture). So, that being my experience, and not wanting to be 2 steps above pond scumm, I nixed the project. The world can go fight for every little scrap like I did, for all I care. Writing my course did do me some good though. It forced my to examine what I do, step by step. It crystallized my system into a complete, comprehensive, clearly understood method, and made me a much better trader. That, and I have a great full sized personal desk reference in a large 3 ring binder, to get me back on track when I stray from the method (And I do sometimes...which always leads to strings of losses) So, that is the perspective from the vendor's side.

It has been my experience that not only is the close significant, but since the markets are fractal, the close of the bars, on every time frame is significant. A good example would be the appearance of a bear doji or hammer (open and close are at or near the bottom of the bar) above the upper Bollinger Band in a bull market. I have rarely ever seen the market do anything but go down after these post. It does not matter what time frame you are looking at. You will see a price drop at least to the 4 bar moving average. Often the price will drop all the way to the 18 bar MA. Now, on the 3 minute chart, that may be a trend change that takes us all the way to the lower bollinger band as well. The same move on the 10 minute chart, you may find a less significant fluctuation, the 30 minute might reflect it as nothing more than a correction, and you quite possibly won't see it as anything more than a stall in price movement before the bull trend resumes on the daily chart, but the move still occurred just the same. It just wasn't enough to make money trading it. Now, if this same pattern appears on the weekly chart, you might be able to look forward to a months worth of short selling. It will still move from where it is, down each level, and possibly all the way to the lower BB though, same as when you see it on the 3 minute chart. It's just has more room to move on the weekly chart. Either way, the close near the bottom of the bar, in this case means something significant.

Mind set is the main difference between success, or failure in this business. Facing down the barrel of a gun, and calmly telling the guy holding he still owes you money and he'd better pay up or else, requires a very unique mindset. That is the same mind set a trader needs. You have to be conscious of the gun, but not inhibited by it or mentally effected by it so you can focus on making your entry and exit at the right times. I am actually starting to think a slight detachment from reality is a benefit to this game.

Ok, fine, I wrote the book. And I really regret writing the review, especially the way I did. I would delete it if I could, but I can't. Now, do yourself a favor, delete the copy you have, because God forbid you do something stupid, like make $800.00 on the break out of a channel or something...or make $350 on the 7-10 rule set up thats in there. You know, because it's evil, evil, evil to post a self review about something that actually works, for .99 flip'n cents, using an anonymous username and a creative story on a random trading forum. Because we all know every time we see a "Doctor" in a TV ad, he really *IS* a doctor in real life..when he's not trying to get bad acting gigs... who took an enormous amount of time out of his busy schedule caring for his patients to shoot a lame commercial.

I often do the same visualization. I take it one step further though. I have actually drawn out all my favorite setups on paper and created a "Cheat Sheet". Then I compare the chart on the screen, to the set up on my cheat sheet. This helps keep me form going off on wild goose chases.

Actually, trading is this simple. The way I see it, there are a good number of reoccurring sets of market conditions. These produce the same set ups, over, and over again. All one really needs to do is learn to find them, and trade the patterns they form. Most winning patterns are good 50, to maybe 80% of the time. It's the times they aren't working that messes everyone up and throws people off their game. The emotional stuff that occurs in trading is much more difficult to manage than the technical aspect. Learning the right balance of detachment, and focus is what separates the men, from the boys in this game.