Ray Burchett Intuitive Development Training

[Tasuki 10]

Hi folks,

Long time since I've posted here. Someone told me about a former floor trader who's offering a course on trading, except it sounds kinda airy-fairy: "Intuitive Development Training". I'm afraid there will be sandalwood and incense and hippies chanting OM while you place your trades. Has anybody on Trader's Lab actually shelled out the money and taken his course? If so, I'd greatly appreciate some feedback.

Some red flags:

1) Here is a quote from what appears to be his website. Describing his "Foundation" course, he says, "Traders and Business Professionals take away the understanding, knowledge, and tools needed to more fully develop the key components necessary to support Intuitive Function."

 

"Support intuitive function"??? Am I the only one who thinks that this sounds absurdly vague? (there are no explanations on the website that I can find).

 

2) Taking a step back and looking at the history, this fellow was apparently a floor trader in Chicago, and to be honest, these guys had a hard time, a very hard time, adjusting to electronic trading. Many of them couldn't cut it, and at least some of them realized that they could cash in on their reputation as floor traders and developed trading courses to support themselves because they couldn't electronically trade worth a damn. So, any floor trader offering a course, especially one with such nebulous terminology as"inuitive function", should be taken with more than one grain of salt.

 

3) His website, if I've got the right one, is unbelievably bad. There is no substance to it whatever. Mostly just an advertisement. Just check it out and see for yourself:

 

http://www.intuitiveperformance.com/

 

4) The title of the course itself is suspect: Intuitive Development TRAINING, not TRADING. So, who among you would fork over hundreds of dollars to a former floor trader to teach you about developing your intuition? How about a professional psychologist or a licensed therapist? Them, maybe, an ex-floor trader, not likely! Sorry if I sound skeptical, but really, where's this guy's credentials in the inutition department? Really does sound lke a pathetic attempt to carve out a new career as a motivational speaker once the electronic trading went bust. At least, that's what it looks like.

 

5) Finally, a Google search turns up very little of value, a couple of articles on trading but they have no substance to them whatsoever. Again, somewhat fishy. Most good trading educators have a long list of published articles providing real value.

 

Anyway, just a heads up, fellow Lab rats, and if anybody does have more info, I'd be grateful.

 

Tasuki

[tradingwizzard 10]

Hey Tasuki,

 

Welcome back.

 

Indeed, lots of question marks.

 

Maybe we'll have some feedback from our fellows members here.

 

Have a great day.

[tradingwizzard 10]

I visited the website and took a closer look at the program and my short conclusion is:

- vague information about what is actually going to happen there (except for the price, which is clearly stated) - this would be a minus IMO;

- but if you check the calendar with the schedule (which is updated at the end of each month) it might be interpreted that there are some people taking his courses.....

 

anyways, it is the first time I hear about this and if you or someone else have some more insights I would love to know

 

thanks

[Tasuki 10]

I visited the website and took a closer look at the program and my short conclusion is:

- vague information about what is actually going to happen there (except for the price, which is clearly stated) - this would be a minus IMO;

- but if you check the calendar with the schedule (which is updated at the end of each month) it might be interpreted that there are some people taking his courses.....

 

anyways, it is the first time I hear about this and if you or someone else have some more insights I would love to know

 

thanks

 

Tradingwizzard,

If there are indeed people taking the course, that may or may not mean there's any value in it. After all, "'there's a sucker born every minute !" Anyway, thanks for the reply, and confirmation of my first impressions.

Tasuki

[steve46 12]

So basically none of you know how to execute a due diligence process....

 

You come here asking others if they have experience instead of contacting the vendor to ask for references.....interviewing customers past and present and asking the important questions regarding course content and results obtained...

 

The level of ignorance is stunning....

[tradingwizzard 10]

So basically none of you know how to execute a due diligence process....

 

You come here asking others if they have experience instead of contacting the vendor to ask for references.....interviewing customers past and present and asking the important questions regarding course content and results obtained...

 

The level of ignorance is stunning....

 

you can't have them all, right........by the way, on the original post it was just a question...so no offence to anybody

[Tasuki 10]

So basically none of you know how to execute a due diligence process....

 

You come here asking others if they have experience instead of contacting the vendor to ask for references.....interviewing customers past and present and asking the important questions regarding course content and results obtained...

 

The level of ignorance is stunning....

 

(insert smirk and sarcastic grin)---Steve, you have to be kidding me, right? Why on EARTH would I contact the vendor for references? Golly gee whiz, Mr. Wizard, don't ya think those references might be hand-picked to make the vendor look good? Criminy, talk about a stunning lack of intelligence.

So, why *would* I ask the Traders Lab folks about this vendor? Well, let's use an analogy: Let's say you want to buy a car, but you're not sure if model XYZ is the right one for you. Do you go to the dealership and ask them for references? No, of course not, you go ask people you know who've bought one and whose opinions you trust. Well, this community of traders constitutes my family, my trading family. I have learned over years and years of belonging to this forum to trust the opinions of my trading family here at Traders Lab. I hope this makes sense to you (and to everyone).

[steve46 12]

Actually I don't really care who a vendor provides as a reference....what I care about is how they answer my questions, the tone of their voice...... the time it takes for them to react and respond.....how they answer tells me everything I need to know...whether they are sincere, whether they are exaggerating or telling me the straight truth of their experience....

 

If on the other hand you're a complete incompetent putz....then you aren't going to learn much from that interaction are you.........?(smirk/grin)

 

and for any of you who are serious about finding skilled mentors/vendors, if they pass that first test (an interview) .....the next step is to ask that person to demonstrate their skill.....if they are good at what they do, you will see that right away as they go about their business...that is really the only way to determine whether a product or service is right for you....If they are unwilling, walk away....

 

Best of luck

Steve

Edited July 9, 2013 by steve46