Good/Bad Vendors

Well there sure seems to be a lot of new posts from new members regarding vendors. This to me is a sure sign that some of these are from vendors themselves. For example ..I would not be surprised if the Post from Wan ( with only one post ) contains the name of a vendor that is being promoted subtley on this forum. So that leaves Carolyn Boroden, The Trading Zoo or Larry Levine....time will tell if I am correct...this is a common vendor tactic but with that said lets talk about some vendors that some of us have had positive experiences with....I have no financial interest in any site or room I mention.....here is one to start that I encountered a few years ago
http://www.rjhtrading.com/ I forget the price I paid...

What I liked about this course is that it taught you the proper way (IMHO) to interpret price action and you where encouraged to be self sufficient. Lots of charts to reinforce the examples and not always "cherry-picked". It also went into money management and it didn't promise you riches overnight....it let you know that trading was hard work..They also had no guarantee and showed me no statements...

For the record some of the courses or items I may mention I have paid for and some have been shared with me by fellow traders......you can draw any conclusion about me from that statement. I guess the only person who can really give me a hard time about "sharing" trading materials is the person who never borrowed a book from the library or from a friend. Otherwise we are no different. Anyone else care to share a good experience. I fiqured with all the bad mouthing that is going on (I beleive in some cases to make themselves look better) it was time to put some positive information about some vendors out there....

Bruce

Hi Max,
There wasn't a chat room when I encountered his program. I've encorporated many things I learned from that course over the years...I personally beleive that his course is good because it teaches you a correct way to interpret price action without a lot of bells and whistles. It did increase my success...no question about it..As far as courses or training is concerned I beleive that people can be exposed to some things that just seem to make sense to them and the same ideas presented to others just won't work for them...I will be upfront that your last question has me suspicious of you and I will apologize in advance for my minor paranoia as this AHK fellow who I recently had a minor squabble with has a partner named Max who runs the Zoo and since you are new here.and seem to be posting under the same threads..well anyway I'll leave it at that...lets just call it coincidence for now...and no hard feelings to you...I'm glad you are posting on this fine forum. Back to your last question....I beleive a vendor does not have to be "highly Recomended" but should not engage in tactics that seem secretive and I would shy away from those who use a multi- level-marketing approach...in other words...they recruit people to solicite for them ..especially if they can't provide proof to your likeing....I have high standards on proof ( I didn't long ago) and that is why I will grille a vendor to death if needed. Your standards may be different so read the due dilligence thread..you want to align yourself with quality people and those you trust, they must be able to answer your questions without trying to "dodge" subjects and use redirect tactics...I have found in general that the ones who aren't plastering there names in the back of Futures or S&C magazine seem to be more genuine..they don't really need your money to pay the bills but still enjoy trading and teaching..so a vendor doesn't have to be highly recomended but they should supply you with whatever YOU need to be comfortable...When I refer to " Highly recomended" I am refering to vendors that are low key but you can still find some good positive information about them..It doesn't mean that thousands of people have taken their training ...I have also taken training from vendors who get mixed to bad reviews or write ups and haven't found them as helpful..hope that long winded reply helps ...for all I know the ones I have listed get "bad" reviews now....just research them if you decide to go with either.....

quote:

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Originally posted by max

bruce are you still using what you learned from bob? did your success greatly improve after the course? how successful were the calls he made in the chatroom? is a good vendor also a highly recomended vendor in your opinion?

thanks in advance for answering

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quote:

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Originally posted by max

this is bob

Robert J. Heisler

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Ah... the owner of RJH Trading... thanks.

ty bruce. im not ahk's partner and i dont run the zoo so dont lose sleep over that.

can you be generous enough to share some of your trading knowledge with a newbie that would get me a head start. nice to learn youre making money. still cant understand why most lose. is the futures market like a casino? hard to believe that 105 of the participants make 90% of the money. who are these trading gods and where can i meet them?

in need of help max

max: The futures market is like a casino and works on the same principles.

Casino: Odds are stacked in the favor of the house and not you.
Market: Odds vary with each trade and you should only take the trades where the odds are in your favor. By doing so you simulate being the house in the casino. If not, then you are gambling and should rather go to a casino as it might be more fun.

Hi Max, I am not a vendor and don't want to take responsibility for training someone but I can share a few overall concepts that I use to trade but it won't be the holy grail and the best it will do is get you to start thinking for yourself.....so perhaps you should start a new thread and I will babble off some ideas....You first need to fiqure out what time frame trader you think you will be most comfortable with...this may not be the time frame you end up being proficient in. It seems that everyone wants to day-trade these days so that is my assumption for yourself but you can set me straight.....also pour through this and other forums to get ideas....to be honest I haven't posted that many trading ideas on this forum ( or any) but there are plenty who have.....but i will share some things I look at or think about on your new thread if you get it started.....and taking the trials is a great idea.....see what's out there...and then make sure it fits your style ..I think most lose because they jump from method to method and vendor to vendor ( I was guilty for 1.5 years) . what turned my trading around was trading more contracts as it resolved the fear/greed concept but that came only aftet I found two or three setups that I didn't mind LOSING money at when I was wrong....for me I had trouble handling the losses but once you trust those two or three entries then you have confidence that over time you will be ok..

hope that helps

Bruce

quote:

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Originally posted by max

ty bruce. im not ahk's partner and i dont run the zoo so dont lose sleep over that.

can you be generous enough to share some of your trading knowledge with a newbie that would get me a head start. nice to learn youre making money. still cant understand why most lose. is the futures market like a casino? hard to believe that 105 of the participants make 90% of the money. who are these trading gods and where can i meet them?

in need of help max

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Max..I should have been more clear when I mentioned to start a new thread ...the reason is so that we can keep this thread to a discussion of Good Vendors and peoples opinions regarding the vendors posted...I will assume that overtime some will find this useful especially if they disagree with what is posted or if it inspires them to investigate the vendors listed...in other words it would be great to have different opinions on the same vendors and the reasons they where liked or disliked.....perhaps this thread should be renamed Good/Bad vendors.....can you do that Guy?.... .again I will refer all those interested to the Due Dilligence thread..

Bruce

Done!

bruce, im only thinking about day trading and ending flat. only looking at es for now since that is where the liquidity and sharpest traders are.

your reply was helpful. be even more helpful if you shared those entries that make you successful? be real neighborly of you

max

quote:

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Originally posted by day trading

max: The futures market is like a casino and works on the same principles.

Casino: Odds are stacked in the favor of the house and not you.
Market: Odds vary with each trade and you should only take the trades where the odds are in your favor. By doing so you simulate being the house in the casino. If not, then you are gambling and should rather go to a casino as it might be more fun.

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The objective in trading is to be the house and not the gambler. If you are the house then you are earning the money instead of spending it. This of yourself as a big casino and all the other (losing) traders coming to you to place their trades/bets with you.

spent a good 45 minutes talking to bob at rjh. he charges $6000. sounds like a knowledgeable fellow but im not going to take a trial. he doesn't trade es. so that leaves zoo and falcon. might consider simpleway as a replacement but would like to see more feedback. bruce are you going to take a trial?

max

Is this right? But they post their daily "track record" real trades...right?

"I think that I read somewhere that Ninja went bust using the puretick method and doesn't trade anymore."