Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

Recommended Posts

Apparently not.

 

-river

 

Jack or Todd never charged. I was under the impression Todd did this as a pay-it forward from Jack. John sees it as pay me.

 

Where is the track record? I asked about live trading to see him in action. It is very easy to annotate looking through the rear view mirror.

 

You have got to be nuts to pay for this, I will wait for a free recorded version.

Share this post


Link to post
Share on other sites

The track record exists in the many students who have studied my program, and those they have referred. Beyond that I have no motivation to prove or disprove anything to you or anyone else.

 

As for Todd and Jack passing it on for free - I think the track record of "failure to succeed" for most of those students is quite obvious.

 

Furthermore, if you think I'm going to give up three weekends with my family out of the goodness of my heart, you would be incorrect. Maybe you should contact Spyder. I'm more than happy to step aside if he's willing to offer the same to you for free.

 

Quite a few folks have already signed up. As for you getting your hands on a copy. Good luck with that.

 

Best to you in your journey.

Share this post


Link to post
Share on other sites
The track record exists in the many students who have studied my program, and those they have referred. Beyond that I have no motivation to prove or disprove anything to you or anyone else.

 

As for Todd and Jack passing it on for free - I think the track record of "failure to succeed" for most of those students is quite obvious.

 

Furthermore, if you think I'm going to give up three weekends with my family out of the goodness of my heart, you would be incorrect. Maybe you should contact Spyder. I'm more than happy to step aside if he's willing to offer the same to you for free.

 

Quite a few folks have already signed up. As for you getting your hands on a copy. Good luck with that.

 

Best to you in your journey.

 

 

No need to get defensive. This is a public forum and that is my opinion. Spyder left for family reasons.

 

I have no doubt there will be a copy available for download.

 

Good luck to you.

Share this post


Link to post
Share on other sites
...
I can't understand why anybody who trades this method successfully would charge to teach it. He'd make more money trading it than teaching it. I understand if somebody doesn't want to fully share this method's indepth secrets, because he doesn't want to enable undeserving people, but to charge some unfortunate people who already spent a lot of time, energy, and hope seems to me wrong; a scam.

 

People, don't buy it!

 

EDIT: I'm curious: how much does this class cost?

Edited by cnms2

Share this post


Link to post
Share on other sites
I can't understand why anybody who trades this method successfully would charge to teach it. He'd make more money trading it than teaching it. I understand if somebody doesn't want to fully share this method's indepth secrets, because he doesn't want to enable undeserving people, but to charge some unfortunate people who already spent a lot of time, energy, and hope seems to me wrong; a scam.

 

People, don't buy it!

 

EDIT: I'm curious: how much does this class cost?

 

Evidently $500. No word on whether or not that price includes a set of steak knives.

 

-river

Share this post


Link to post
Share on other sites
Evidently $500. No word on whether or not that price includes a set of steak knives.

 

-river

That's really peanuts!

 

A quick calculation, if you master this method even slightly, and average 1 ES point a day:

- $12,500 a year

- 5 points a week, so you make $1,000 a month

- you can decide to double the number of contracts every $2,000, or 2 months, and use the power of compounding:

- in 2 months: 2 contracts ($25,000 a year)

- in 4 months: 4 contracts ($50,000 a year)

- in 6 months: 8 contracts ($100,000 a year)

- in 2*n months: 2**n contracts ($12,500*2**n)

- but, you can easily average 4-6 points daily in 1-3 trades

 

:)

Share this post


Link to post
Share on other sites
I can't understand why anybody who trades this method successfully would charge to teach it.

 

Good question. When I first started out I didn't charge a dime. My first student, who was a long-term friend, still trades with me in my Skype room every day. He's done well.

 

BUT, I learned something important during that first training experience. This stuff is not easily transferred. And I ended up causing him much confusion, answering his questions with riddles, etc...much like many of us experienced with Spyder. It was not effective for either of us.

 

Later on, after my success, other friends started crawling out of the woodwork. (don't they always?) I realized that with a family, an elderly mother who lives with us, and young children that needed a lot of my attention, that I couldn't possibly continue training in the same manner. This is where I broke away from Spyder's teaching methods and developed my own system/syllabus for teaching. I have and maintain a blog for each class, I give regular homework assignments which are graded BY HAND and returned to the student, I hold regular Skype meetings where we take time to walk thru the assignments and I demonstrate the thought process/analysis that one should be considering as each bar develops thru the day. And yes, MANY of my students have watched me trade live right here in my home. I pour maybe 20-30 hrs a week into training. And we not only discuss the method, we discuss the value of entry/exit points, high risk vs low risk analysis, trade sizing, etc. It goes far far beyond anything that is presented here on TL or other forums. Maybe you should ask my new student who profited over $10,000 in the months of June/July this summer if it was worth his time. I know his answer.

 

You call me a scam - so be it. Truthfully it doesn't matter to me what you or anyone else here thinks of my method for doing this. The only opinions that matter to me are those of the students who have worked with me and those that I have helped.

 

edit: And of course I make more money trading it than teaching it. But unfortunately I'm not skilled enough to do both at the same time. If I'm going to teach it, then each student deserves my full attention. We don't just annotate random days - each assignment is chosen for a very specific reason - to learn something that they can (and will) use again over and over. But I also place a high value on my personal time. Since most of the work around my training is in the evenings, I consider there to be a value on that time that it takes away from my family. If someone doesn't understand that value - then they can certainly choose to look elsewhere. No harm done.

Edited by jbarnby

Share this post


Link to post
Share on other sites
Good question. When I first started out I didn't charge a dime. My first student, who was a long-term friend, still trades with me in my Skype room every day. He's done well.

 

BUT, I learned something important during that first training experience. This stuff is not easily transferred. And I ended up causing him much confusion, answering his questions with riddles, etc...much like many of us experienced with Spyder. It was not effective for either of us.

 

Later on, after my success, other friends started crawling out of the woodwork. (don't they always?) I realized that with a family, an elderly mother who lives with us, and young children that needed a lot of my attention, that I couldn't possibly continue training in the same manner. This is where I broke away from Spyder's teaching methods and developed my own system/syllabus for teaching. I have and maintain a blog for each class, I give regular homework assignments which are graded BY HAND and returned to the student, I hold regular Skype meetings where we take time to walk thru the assignments and I demonstrate the thought process/analysis that one should be considering as each bar develops thru the day. And yes, MANY of my students have watched me trade live right here in my home. I pour maybe 20-30 hrs a week into training. And we not only discuss the method, we discuss the value of entry/exit points, high risk vs low risk analysis, trade sizing, etc. It goes far far beyond anything that is presented here on TL or other forums. Maybe you should ask my new student who profited over $10,000 in the months of June/July this summer if it was worth his time. I know his answer.

 

You call me a scam - so be it. Truthfully it doesn't matter to me what you or anyone else here thinks of my method for doing this. The only opinions that matter to me are those of the students who have worked with me and those that I have helped.

 

edit: And of course I make more money trading it than teaching it. But unfortunately I'm not skilled enough to do both at the same time. If I'm going to teach it, then each student deserves my full attention. We don't just annotate random days - each assignment is chosen for a very specific reason - to learn something that they can (and will) use again over and over. But I also place a high value on my personal time. Since most of the work around my training is in the evenings, I consider there to be a value on that time that it takes away from my family. If someone doesn't understand that value - then they can certainly choose to look elsewhere. No harm done.

 

 

You are a scam. You keep coming back to justify your actions. Any successful trader that is making money would not give a crap. Why dont you just be honest and say you dont make money trading you make it teaching other peoples methods.

 

As far as students watching you trade and others making $10k over the summer is a great sales pitch.

 

Be aware! He is a scam.

Share this post


Link to post
Share on other sites
You are a scam. You keep coming back to justify your actions. Any successful trader that is making money would not give a crap. Why dont you just be honest and say you dont make money trading you make it teaching other peoples methods.

 

As far as students watching you trade and others making $10k over the summer is a great sales pitch.

 

Be aware! He is a scam.

 

You are right! He is chasing this money, he ain't making money trading.

Share this post


Link to post
Share on other sites

So I assume you are a skilled trader since (according to you) none of them give a crap. My goodness....and all this time I thought it was possible to be a good trader AND also provide a service. Thanks for opening my eyes!

 

BTW, since you're so sure you'll get a download of my class, then I'm sure you already have several hundred recordings of my other classes in your possession. Hope you enjoyed them. ;)

Share this post


Link to post
Share on other sites
So I assume you are a skilled trader since (according to you) none of them give a crap. My goodness....and all this time I thought it was possible to be a good trader AND also provide a service. Thanks for opening my eyes!

 

BTW, since you're so sure you'll get a download of my class, then I'm sure you already have several hundred recordings of my other classes in your possession. Hope you enjoyed them. ;)

 

Spoken like a true salesman.

 

Every time you respond it does more damage than good. Stop trying to justify!

 

Seriously, a successful trader who is making money from trading would not care. You seem to care a little bit too much.

 

Actions speak louder than words!

Share this post


Link to post
Share on other sites

this women get it

I have been trading for the past fifteen years using many different indicators — you name it and I have probably traded it.

 

Triangles

Elliott Waves

MACDs

Moving Averages

Trend Identifiers

 

They were all part of my tool kit. There was only one HUGE issue. I would have numerous winning trades, only to be knocked backwards by a couple of losers. Trading was a constant uphill struggle — I would take three steps forward, two steps back.

 

Frustration was often my best friend!

 

 

Then a friend told me, look trading is simple — WE make it HARD. Traders have to learn to trade volume and price, not just the color of the indicator. Volume and price LEADS all other indicators.

 

WOW, if only it could be that easy!

 

 

I have discovered that trading really is that easy using 3 very simple steps:

 

 

Candlestick charting because it is easier on the eyes and traders can easily identify all the key price points without squinting.

 

Volume LEADS price, it really is that simple. However, most traders don’t understand where to analyze the volume. I analyze volume at two critical areas:

 

Support and Resistance area

Overbought and Oversold areas

...

Share this post


Link to post
Share on other sites
Spoken like a true salesman.

 

Every time you respond it does more damage than good. Stop trying to justify!

 

Seriously, a successful trader who is making money from trading would not care. You seem to care a little bit too much.

 

Actions speak louder than words!

 

I don't know how you people think.

The way I see it, Spyder and Jack have generously shared a huge amount of information. I actually read it. However, having tracked down quite a few of the "old hands" from ET, some of which have been doing this for a decade (!), I had a hard time finding people that even claimed they were consistently profitable, let alone coming close to the results talked about in the threads. Some of them still papertrade, believe it or not. So, if you cannot figure this out from the threads (and it is my opinion that it is very difficult, too much info that is downright wrong, or slightly off, or contradictory, too many misunderstandings through language, too many nuances), you might spend years and thousands of hours trying unsuccessfully to figure it out. It is still a mystery how Spyder ever did it, given that he learned it from Jack whose communication skills are somewhat challenging.By the way, a lot of the info that some of the old timers post as answers to questions is downright wrong, even though "free".

So-what is your time worth? At least 20 bucks per hour one would hope? You might end up with the equivalent of an Ivy-league tuition in opportunity cost for these "free" threads that "pay it forward". Some of the people that spend years on the threads seem to have ended up in a psychological state that I would not wish to pay forward to my worst enemy.

 

So, if somebody offers to spend something like 20 hours with you for a measly 500 bucks, the only valid questions IMO would be 1. does he know what he is talking about? and 2. can he actually explain this so that I will be able to trade the method profitably, with some practice? If the answer is No, then walk away. If the answer is yes, even thousands of dollars would obviously not be too much, and much cheaper than studying the "free"stuff which is not free because it is hugely expensive in the most precious of all resources, time.

 

Having said that, there is also a kind of whiny aspect to that demand that somebody spent time with you for free,a certain sense of entitlement, like a petulant child. Nobody owes you anything (especially not in the trading environment), and why should anybody spend hours of his time for free? I would do it, but for friends and family, and certainly not for people that think I somehow owe it to them.

 

As to the logical leap that "anybody who charges me anything is a vendor and cannot trade", I urge you to consider Don Miller...he makes millions per year, fully audited, and he teaches people for a fee (he gives that fee to charity, but that is his personal choice and besides the point).

 

Just my two cents- am not getting in a flame war, for the reason you guessed- waste of time...

 

:)

Share this post


Link to post
Share on other sites

 

Quite the impassioned post.

 

Is this a thinly veiled effort to defend a stealth vender mentor or a sincere attempt to help those who struggle to successfully trade the price/volume relationship?

 

-river

Share this post


Link to post
Share on other sites
Quite the impassioned post.

 

Is this a thinly veiled effort to defend a stealth vender mentor or a sincere attempt to help those who struggle to successfully trade the price/volume relationship?

 

-river

 

:):):):)!!!

You figure it out...

Share this post


Link to post
Share on other sites
Quite the impassioned post.

 

Is this a thinly veiled effort to defend a stealth vender mentor or a sincere attempt to help those who struggle to successfully trade the price/volume relationship?

 

-river

Neither I think it is a keenly assesment of thread participants so far.

Share this post


Link to post
Share on other sites

 

As to the logical leap that "anybody who charges me anything is a vendor and cannot trade", I urge you to consider Don Miller...he makes millions per year, fully audited, and he teaches people for a fee (he gives that fee to charity, but that is his personal choice and besides the point).

 

That is the point Don Miller has a track record and is happy to supply it. He is well known and respected in the market. John is a nobody claiming to be this successful trader. Why does he not publish broker statements for the past 6 months. Very easy to blank out account numbers.

 

If $500 is small change, please publish your own broker statements. Jack has done it. You should have nothing to hide.

 

Proof is in the pudding, the rest is just words.

 

Please don't respond without broker statements it is just meaningless dribble.

:)

Share this post


Link to post
Share on other sites

It would be interesting to find out:

 

1. Who believes that the futures Hershey / Spydertrader method is profitable (not if you are profitable, but if you think it is profitable even if you don't know yet how)? It is.

 

1. a. Who believes it is wildly profitable? It is.

 

2. Who believes that any trading course will teach you a sure method of making money? I don't.

 

2.a. Who believes it will make you rich? I don't.

 

3. Who believes that somebody who charges to teach you trading is profitable trading? I don't.

 

3.a. Who believes it is wildly profitable? I don't.

Share this post


Link to post
Share on other sites

@river: If you can't figure it out yourself, you can find out from vienna for $2 (for his time). :)

 

I pay more than $20 an hour my gardner ...

 

:):):):)!!!

You figure it out...

Share this post


Link to post
Share on other sites
It would be interesting to find out:

 

1. Who believes that the futures Hershey / Spydertrader method is profitable (not if you are profitable, but if you think it is profitable even if you don't know yet how)? It is.

 

1. a. Who believes it is wildly profitable? It is.

 

2. Who believes that any trading course will teach you a sure method of making money? I don't.

 

2.a. Who believes it will make you rich? I don't.

 

3. Who believes that somebody who charges to teach you trading is profitable trading? I don't.

 

3.a. Who believes it is wildly profitable? I don't.

 

1. Agreed

2. Agreed

2a. That depends on the individual and the contracts size

3. Agreed. Not profitable

3a.Back to contract size, and the definition of wildly profitable

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Topics

  • Posts

    • YUM Yum Brands stock, nice breakout with volume +34.5%, from Stocks to Watch at https://stockconsultant.com/?YUM
    • Date: 3rd April 2025.   Gold Prices Pull Back After Record High as Traders Eye Trump’s Tariffs.   Key Takeaways:   Gold prices retreated after hitting a record high of $3,167.57 per ounce due to profit-taking. President Trump announced a 10% baseline tariff on all US imports, escalating trade tensions. Gold remains exempt from reciprocal tariffs, reinforcing its safe-haven appeal. Investors await US non-farm payroll data for further market direction. Fed rate cut bets and weaker US Treasury yields underpin gold’s bullish outlook. Gold Prices Retreat from Record Highs Amid Profit-Taking Gold prices saw a pullback on Thursday as traders opted to take profits following a historic surge. Spot gold declined 0.4% to $3,122.10 per ounce as of 0710 GMT, retreating from its fresh all-time high of $3,167.57. Meanwhile, US gold futures slipped 0.7% to $3,145.00 per ounce, reflecting broader market uncertainty over economic and geopolitical developments.   The recent rally was largely fueled by concerns over escalating trade tensions after President Donald Trump unveiled sweeping new import tariffs. The 10% baseline tariff on all goods entering the US further deepened the global trade conflict, intensifying investor demand for safe-haven assets like gold. However, as traders locked in gains from the surge, prices saw a modest retracement.   Trump’s Tariffs and Their Market Implications On Wednesday, Trump introduced a sweeping tariff policy imposing a 10% baseline duty on all imports, with significantly higher tariffs on select nations. While this move was aimed at bolstering domestic manufacturing, it sent shockwaves across global markets, fueling inflation concerns and heightening trade war fears.   Gold’s Role Amid Trade War Escalations Despite the widespread tariff measures, the White House clarified that reciprocal tariffs do not apply to gold, energy, and ‘certain minerals that are not available in the US’. This exemption suggests that central banks and institutional investors may continue favouring gold as a hedge against economic instability. One of the key factors supporting gold is the slowdown that these tariffs could cause in the US economy, which raises the likelihood of future Federal Reserve rate cuts. Gold is currently in a pure momentum trade. Market participants are on the sidelines and until we see a significant shakeout, this momentum could persist.   Impact on the US Dollar and Bond Yields Gold prices typically move inversely to the US dollar, and the latest developments have pushed the dollar to its weakest level since October 2024. Market participants are increasingly pricing in the possibility of a Fed rate cut, as the tariffs could weigh on economic growth.   Additionally, US Treasury yields have plummeted, reflecting growing recession fears. Lower bond yields reduce the opportunity cost of holding non-yielding assets like gold, making it a more attractive investment.         Technical Analysis: Key Levels to Watch Gold’s recent rally has pushed it into overbought territory, with the Relative Strength Index (RSI) above 70. This indicates a potential short-term pullback before the uptrend resumes. The immediate support level lies at $3,115, aligning with the Asian session low. A further decline could bring gold towards the $3,100 psychological level, which has previously acted as a strong support zone. Below this, the $3,076–$3,057 region represents a critical weekly support range where buyers may re-enter the market. In the event of a more significant correction, $3,000 stands as a major psychological floor.   On the upside, gold faces immediate resistance at $3,149. A break above this level could signal renewed bullish momentum, potentially leading to a retest of the record high at $3,167. If bullish momentum persists, the next target is the $3,200 psychological barrier, which could pave the way for further gains. Despite the recent pullback, the broader trend remains bullish, with dips likely to be viewed as buying opportunities.   Looking Ahead: Non-Farm Payrolls and Fed Policy Traders are closely monitoring Friday’s US non-farm payrolls (NFP) report, which could provide critical insights into the Federal Reserve’s next policy moves. A weaker-than-expected jobs report may strengthen expectations for an interest rate cut, further boosting gold prices.   Other key economic data releases, such as jobless claims and the ISM Services PMI, may also impact market sentiment in the short term. However, with rising geopolitical uncertainties, trade tensions, and a weakening US dollar, gold’s safe-haven appeal remains strong.   Conclusion: While short-term profit-taking may trigger minor corrections, gold’s long-term outlook remains bullish. As global trade tensions mount and the Federal Reserve leans toward a more accommodative stance, gold could see further gains in the months ahead.   Always trade with strict risk management. Your capital is the single most important aspect of your trading business.   Please note that times displayed based on local time zone and are from time of writing this report.   Click HERE to access the full HFM Economic calendar.   Want to learn to trade and analyse the markets? Join our webinars and get analysis and trading ideas combined with better understanding of how markets work. Click HERE to register for FREE!   Click HERE to READ more Market news.   Andria Pichidi HFMarkets   Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in Leveraged Products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
    • AMZN Amazon stock, nice buying at the 187.26 triple+ support area at https://stockconsultant.com/?AMZN
    • DELL Dell Technologies stock, good day moving higher off the 90.99 double support area, from Stocks to Watch at https://stockconsultant.com/?DELL
    • MCK Mckesson stock, nice trend and continuation breakout at https://stockconsultant.com/?MCK
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.