Safety In the Market - seminar in Australia

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shez

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Registered: 02-2005

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Tuesday, February 22, 2005 - 11:39 pm:

looking for information/feedback on this specific company and their seminars; from someone who has used them.

davkell

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Wednesday, February 23, 2005 - 04:09 pm:

Hi Shez, welcome to the forum.

I've been aware of SITM since the early years, but never joined with them. They were originally a very good education because they 'made' you draw all your own charts on huge chart paper, an excellent way of becoming intuned with the markets. Back then, the cost was only $995 for the course.

I recently went to one of their sales seminars and was very impressed...it's hard not to be at any of them really. They provide you with a heap of educational books, and mentors as well. I was very tempted to sign up. But then the good ole $4995 price tag!!! $5000 seems to be such a standard 'educational' fee these days for courses....Hometrader is the same price.

My opinion, and probably many on this site will agree (members here actually gave me this same advice a year ago, when I asked a similar question as yours re: Hometrader), is that you will probably be better off reading a few quality books, many have been mentioned within this forum, and utilising the info from Incredible Charts and from posts within this forum.

That's what I have been doing now for about a year, and have just developed my trading plan which I've just started for real. I saved myself $5000 (which can now be used for trading) and have developed 'my' trading plan, not someone elses.

Good luck in your pursuits.

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Powerful stock screener
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"Trade Your Way To Financial Freedom"

longshanks

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Wednesday, February 23, 2005 - 09:49 pm:

Hi Shez

I am not familiar with SITM, but I believe there are several questions you need to ask:

what is the total cost?

how many actual 'hours' of actual tutoring does this provide?

is it one on one tutoring, or a group situation?

do the maths and see how much you are paying per hour for this education.

I tend to back up the comments from davkell.

hope this helps

Longshanks

shez

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Wednesday, February 23, 2005 - 11:03 pm:

thank you for the comments; it was much appreciated.
We have decided to proceed with the course with SITM, our reasoning being based on a number of things:
Firstly, our own core industry is educational training, so we are 'pro' seminar education anyway.
Secondly, one of the items we teach is 'understanding learning styles' and we both know that we learn better in a group/inteactive way rather than 'passive reading.
Thirdly, we had attended two seminars related to RE and in hind sight had wished we'd attended them 3 yrs ago, rather than 18mths ago - we figure that 18mths without some very good info probably cost us $400,000!!
We have also spent quite a lot of time over the last 6 mths looking at different businesses, with the aim of securing a 'passive income' stream; and have decided that we would need to spend a mininum of $300,000 to get a business that would give us a passive return, and more likely $500,000.
Given the price of education/studying and the potential return from this new business, we decided that $10,000 over the next 6 mths was our budget for our Education.

We agree tha there are a lot of different companies around giving seminars, of varying standards, (like our own industry) We have made quite a few enquires about SITM, and have had only positive comments to date - we know that this company have been around for quite a long time, thus not 'here today, gone tomorrow', so , given all these reasons, we have paid our money and we are looking forward very much to attending their workshops - incidently, Longshanks mentioned a few questions to ask, the responses to which we were impressed - you can attend as many of the seminars as often as you want; there are tutors on phone contact 8am to 5pm; technical support 24hrs a day.
give us a month, and i will report back the pro's and cons of our first impressions.
thank you again for your responses; I trust that i may be able to post a few more knowledgable comments in a few months

spider

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Thursday, February 24, 2005 - 12:59 pm:

From memory SITM teaches futures trading.

Futures trading is at the pointy end of the trading range.
Trust me, there is nothing passive about it!

I've got a better idea.
Send me the 5K.
I will go out and spend it, I'll take lots of pictures of me having fun so that at least you will have something to show for your money.

And as a bonus I'll will give you this piece of advice that will save you tens of thousands of dollars.................................................................
...........................................
......................................
.............................
......................
...........
.......
..

DON'T EVEN THINK ABOUT TRADING FUTURES UNTIL YOU CAN SHOW YOURSELF 5 YEARS OF PROFITS FROM TRADING NON LEVERAGED SHARE POSITIONS.

That was a lot more than $5000 worth of advice.

Post the money off to Colin, I'm sure he will forward it on.

spider.

scarrie

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Thursday, February 24, 2005 - 02:39 pm:

Shez,
I have paid $5000 for a trading course in the past (not SITM). You are being conned. You are not the first and you won't be the last.

davkell

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Thursday, February 24, 2005 - 04:42 pm:

Be curious to hear from Shez after her 'experience'. Spider, I think SITM have become more mainstream now, teaching stock analysis, but that doesn't change my opinion.

One last thing Shez, no matter what your beliefs of 'seminar' education, I always question a company or person that offers a product, but says you can save a heap of $cash if you sign up tonight, which is what they offerred me, and I'm sure they offerred you!!!

Good luck and I look forward to hearing from you after course completion.

"Trade Your Way To Financial Freedom"

dogalog

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Thursday, February 24, 2005 - 04:59 pm:

Of course,davkell,their money is going on a product that why in a wishhhh,they could organise to do for themselves.

DAVKELL,we're talking d'Committed here.see how they have a double motive,what are their choices? They think dey are in Win/WIN territory.Good on Ya!

"Here's to the few who forgive what you do
and the fewer who don't even care"-leo cohen.
what's it mean?
dangged if i care-
d'jr.

longshanks

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Post Number: 10
Registered: 11-2004

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Thursday, February 24, 2005 - 05:42 pm:

hey dogalog

r u speaking 'doglish'?

dogalog

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Thursday, February 24, 2005 - 06:53 pm:

i ain't waving[or wavering 4 dat matter]longshanks,but are you sticking your head up?
I can never tell unless 5 lines or more get through.
havago,Lss,there's always luck in d'Big city.
cheers.

"Here's to the few who forgive what you do
and the fewer who don't even care"-leo cohen.
what's it mean?
dangged if i care-
d'jr.

longshanks

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Thursday, February 24, 2005 - 07:04 pm:

oops...sorry dogalog! i am as we speak lowering my head.

kindest regards

longshanks

PS is there an online doglish dictionary?

dogalog

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Post Number: 863
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Thursday, February 24, 2005 - 08:30 pm:

you don't have to lower ya head,Lshanks.just try to put in your own words,what's d'problem?
personally,i don't like reprints of some yankee'wisdom' as a point of view.If you,yourself,can't absorb it into your own words?
Weelll,where are ya?
i reinterate-the who that started this thread has a double agenda.i just want whoever to realise i see that,ok?
is there really a ego/ticket on meself attitude displayed in doin' dat?
regards,
d'jr.

"Here's to the few who forgive what you do
and the fewer who don't even care"-leo cohen.
what's it mean?
dangged if i care-
d'jr.

longshanks

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Thursday, February 24, 2005 - 09:50 pm:

me thinks me stumbled into the wrong place at the wrong time...

dogalog

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Thursday, February 24, 2005 - 09:56 pm:

at least ya filled your Profile in.
last word?

"Here's to the few who forgive what you do
and the fewer who don't even care"-leo cohen.
what's it mean?
dangged if i care-
d'jr.

longshanks

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Thursday, February 24, 2005 - 10:05 pm:

Thanks for the tip on the profile d'jr. good memory...that was about three weeks ago.

shez

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Registered: 02-2005

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Monday, February 28, 2005 - 10:48 pm:

comment from Dogalog - sorry dogalog - no double agenda - just a query from a person who knows very little about share trading but who is willing to learn - as I said, we all learn differently - scarrie felt that we were 'being conned'; davkell pointed out that 'sign up today' method; both legitimate comments - but as far as having a 'double agenda' - please do enlighten me how you got that from my query, as I am obviously missing something!!

dogalog

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Tuesday, March 01, 2005 - 10:18 am:

Well gee shez that's easy.It's in your 2nd[?] post above-

"Firstly our own core industry is educational training so we are pro seminar education anyway"then your second point and even your third one above gave your position and i then made the assumption that as you were in d'game so to speak you may well get the idea of maybe holding your own seminars/educational soirees whatever.You'd get more out of taking the course than your fellow attendees 'cos you had double motives.Simple,right?not a put down,just an observation.You should do a meditation seminar perhaps as well shez.

Assumptions from statements,that's kinda a basic in sharetrading.you just have to be more often right than wrong,that's all.
Awaiting your report on your first month,shez and if it does occur to you to hold your own seminars?Make spider d'offer.

regards,

(Message edited by dogalog on March 01, 2005)

"Here's to the few who forgive what you do
and the fewer who don't even care"-leo cohen.
what's it mean?
dangged if i care-
d'jr.

smallworld

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Post Number: 162
Registered: 01-2004

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Votes: 1


Tuesday, March 01, 2005 - 06:08 pm:

You dont even have to be right more often to make money, you just have to make money when you're right, and fold them when you're wrong.

dogalog

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Registered: 03-2004

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Tuesday, March 01, 2005 - 07:29 pm:

Absolutely sw,exactly how it est.
However it maybe a little too 'deep' for shez being new and all.Perhaps when the course is completed,you can give her 5star advice til d'cows come home or chickens roost or,well, any other barnyard analogy.
Remember,sw,a real job 4u might be in it.

sweetness and light,shez and to you too,sw.

"Here's to the few who forgive what you do
and the fewer who don't even care"-leo cohen.
what's it mean?
dangged if i care-
d'jr.

suemac

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Tuesday, March 01, 2005 - 10:13 pm:

Shez, The $5,000 you paid for this courses is money for "fast tracking" your education. I paid for a course three years ago, having owned shares since well before the CBA float, but they were all "bottom drawer" jobs. Some have come and gone, others are still here. But the bottom line was, I didn't have a clue what I was doing.

I know there are those who say you can read books, and I've done plenty of that; but without the "fast tracking" and getting a handle on the terminology you'd be taking so much longer to get it all together and perhaps missing opportunities.

The course I did would be similar to SITM because the people providing the education came out of that very company. In fact, over time, I've realised that the money is in the education; hence the "But wait, there's more!" - the advanced course, the CFD course, options course, short selling course. Your journey has but begun!

But enjoy the course. I'm sure they give you a plan at the end of it; a checklist if your like. It will be quite useful but as you continue your own personal development by reading forums such as this and other educational matter, you will refine this plan. While the course I did provided plenty of information on technical analysis, by far the most significant element in trading/investing is the psychology - and there wasn't an awful lot on that. You can paper trade until you are blue in the face, but until you put your plan into action and your cold, hard cash on the table, you will never learn the lessons that only the market can teach you about yourself.

All the best with both your education and your investing.

Behold the turtle; he makes no progress unless he sticks his neck out!

ingot54

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Tuesday, March 01, 2005 - 11:24 pm:

I think Suemac has a valid point, Shez. You've committed to this path, now enjoy it.

You will get a fast-track education in the operation of trading, technical analysis, but, from the outset, do not think it will be a complete package. On the contrary, it is the beginning of knowledge.

Keep in mind these people have promised to get you going successfully. You have paid a hell of a lot of money for this. Make sure you extract every last drop of information from them that you have paid for.

There is more - knowledge is about 10% of it. Experience will account for about 20%, and, in my humble estimation, the psychology of trading the final 70%.

Time alone will bring you around to profitability.

On Friday, it will be exactly 12 months since Ingot54 decided to make his fortune in trading shares. My history is scattered throughout these forum topics - some good, a lot very imperfect. I ended the year minus 15% of my starting bank. I'm very happy with that - as a beginner.

However, it has been a wonderful bull market, and some experienced traders here would have had excellent results, under the conditions. It may take me a couple of years to get it working right.

I can recommend some good books - all of which have been recommended to me by forum members, and which I would not have understood properly when setting out.

However, today, having gone through the reality of trading, I know that :
Knowledge is not it.
Picking the right stock is not it.
Buying at the bottom is not it.
Selling at the top is not it.
Trying to make money (fast) will not work.

There is only one thing to do. It is so simple, you may not believe this. You can take a dart, and throw it at the list of stocks in the Financial Review, and whatever it hits, that's your pick.

You can basically do this 50 times to select 50 different stocks. If you use one or two very simple indicators to help your entry (MACD, or a Moving Average crossover) you can profit.

How? By knowing when to let go. When a share does not perform as expected, let it go - FAST. Don't wait for it to "come good". At the other end, let your money ride for as long as possible with the winners.

That, I hope, is what your $5000 will buy you - the knowledge of how to do those tiny things.

There is much else you will learn, but what I have said to you, is the lot, in a nutshell. As I said, you have paid a lot of money for this, make sure you extract the value.

There are a lot of opinions about courses, but they are just that - opinions. Congratulate yourself for starting out with an education.

If a kite can just catch the breeze, how high can it go...

shez

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Tuesday, March 01, 2005 - 10:54 pm:

hey dogalog - thank you - yes, i am in the industry of educational seminars, but no, not thinking of holding my own - but i do see now where you got the 'double agenda' from - by the way i didn't see it as a put down; but just didn't pick up the link, as i wasn't actually coming from a 'double agenda' thought process :-)

As Suemac said, 'I didn't have a clue what I was doing' and that is about where I am now - and like she said also, i am aiming to fast track my education by choosing a seminar to complement the reading.

hilarius

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Wednesday, March 02, 2005 - 12:03 am:

Good Morning

Without commenting on other available Seminars ... a course of study at this Forum would seem to me to be one of the best seminar experiences available

To me the essence of a good seminar apart from the structured learning is being able to ask questions and get good answers

On a value for money basis I am wondering what could be fast tracked elsewhere that could not be gained as quickly here.

While there may be more self discipline needed to maximise the benefits offered by IC ... surely self discipline is what life is about ... and trading in particular

I will be interested to learn what can be derived from another course that can not be derived here

Hilarius

I come in peace to share my thoughts and to shine my candle light on possible long term opportunities

chriso

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Wednesday, March 02, 2005 - 07:58 am:

I've never done a course so i can't comment on them, but if
you wan't some information that has is worth a hell of a lot more than $5000 for free.Simply trade with the trend,now all you have to do is learn position sizing and a good entry and exit point to suit your time frame.

Chris

stickman

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Wednesday, March 02, 2005 - 05:28 pm:

i am not a man of many words all i can say is do a search
for blind fredy,
Rocky you are the man???? hope all is well
cheers

ann

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Wednesday, March 02, 2005 - 07:07 pm:

Shez, too late now but I would have suggested you buy nine stocks at $500.00. This would leave you with $500.00 to cover brokerage. This way you would really experience the market's ups and downs. You would experience everything you could possibly need to know financially, psychologically and that all important intangible.....a sixth sense about what is happening. The experience would have been priceless.

Cheers and good luck after you have had the seminar.
Ann

dogalog

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Friday, April 15, 2005 - 04:16 pm:

How did the course go,shez?
I'm genuinely interested.What did you and your husband learn and what are your plans for implementation.
I hope and await your reply.
cheers,

d'jr
i don't scratch.

danielc

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Friday, April 15, 2005 - 06:40 pm:

yes iwould luv to hear to as one who tipped about 18g into their coffers with out much of a result a few years ago thou that prob wasnt their fault but mine with my limited B power. i would luv to hear how you went/danielc

ingot54

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Sunday, May 22, 2005 - 03:56 am:

Well, Shez, a little time has elapsed since your last post.

I hope you have come away from the seminar with some useful insights.

The main thing SITM apparently promise is to train folk in methods of share ownership which ensures profitability without a huge drawdown of capital - ie loss.

I would be interested know whether this has in fact been the case, given the recent small correction in the Australian share market.

I still feel that such courses are a beginning of learning, rather than the solution to lack of knowledge.

And I really need to edit my above post. After recently reading "Trading in the Zone" (Douglas), my estimate of the importance, (or role) of psychology to trading success, has gone from 70% to 90%.

I feel your response to your experiences from the SITM course would be received on this forum with respect and appreciation.

If a kite can just catch the breeze, how high can it go...

shez

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Sunday, May 22, 2005 - 09:27 am:

Hi All - and ingot54 & dogalog
I am afraid that I have nothing to report, as it has not happened yet - firstly, my business partner in this is a speaker, and due to his forward bookings we still have not been able to do the course, due to him having a speaking engagement on 'one ' of the two days; then life took an unexpected turn and I am going up to cairns for 3 mths; so everything is presently on hold - but, still on the radar.

jonob

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Friday, March 09, 2007 - 02:31 pm:

Hi All,

Shez, My wife and i attended a 'Safety In The Market'(SITM) Seminar several nights ago. It sounded like a really good investment.
They even offered a Money Back Guarantee! They will refund the package price if you don't make $10,000 in the first 6 months!.. It almost sounded 'to good to be true'..

Always being cautious of these things, i have been trying to find out more about SITM, but everything i seem to find is good... I have yet to be able to find someone who is actually using the SITM package.

Has anyone else had any experience or heard anything about these guys and their product??
If you have we would very much appreciate it if you could tell us anything be it good or bad.

I hope that you are still in contact with this forum, as We would love to hear how everything has gone for you Shez! - Thanks!

Thank You.

bundy

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Friday, March 09, 2007 - 05:25 pm:

http://phorums.com.au/archive/index.php/t-166993.html

---
Bundy

Good judgment is gained through experience.
Experience is gained through poor judgment.

philr

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Friday, March 09, 2007 - 05:37 pm:

Jonob

You know what they say if it sounds to good to be true. It probably is.

Phil

dug

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Friday, March 09, 2007 - 06:03 pm:

note nob that shez Never returned from d'experience.

jr
aka dogalog

You know you're in a Hick place,
when there's nowhere you can Go,
that you shouldn't!

danielc

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Friday, March 09, 2007 - 06:34 pm:

Spent 25$th approx with this mob about 10 years ago , keep your money in your pocket. buy 5b gs worth of good books and get a chart program and study charts , look at the systems on this site some are crackers , who was the gunn from twmba are yes the sniffter system WHAT a beauty ,check it out. study chart and candle pattens till they are running out of your ears, learn to look at the three time frames before making a decision.
i member going to a styin the m seminar at sum pub at breaky creek bris cost a thou d reckon there was 200 people there, just a little fat bloke the presenter and his son recording it people had came from every were cairns tville sydney mite as well have walked across to breaky creek and floated the money down the river, member seeing him in the toilet while i was having a pee he wouldnt even say gday to me, and still i keept cumming back for more, what a mug. you know what i got for my 25GGGs a cheap chinese date calculator THAT was the beat thing,i could say more but i would prob get sued for it , if you proceed best of british luck.

msparks

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Friday, March 09, 2007 - 07:39 pm:

Hi Danilec
How the hell did they get 25 g out of you ?
Did you make anything trading their system ?

I accepted an invite to attend a "free" seminar with this lot the other day.

eblode

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Saturday, March 10, 2007 - 10:54 am:

Geeeeeeeeezzzzzzzzzzzz,
$25,000??????? Hard to believe such a con exists.
All I did was memorize Stan Weinstein"s "How to Make Money in Bull and Bear Markets" (I.C. or Amazon). After that my trading went north and still is.
Eugenio

dug

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Saturday, March 10, 2007 - 11:10 am:

HEY!!
you plods better not be going d'Gang Up snicker at my mate danielc or you'll have me in full flight to deal with.
Danc did what he'd been told to do by d'System,Get Advice and naturally when some mob called Safety in the Market comes to D's home town of Byron Bay,danboy went for a Gander and so d'Plot starts.
While YOU Msparks after YEARS of Advice from this Forum go d'Traipse last WEEK!!
and you eblode still take Tips from Newspapers!!
so what danc did Years AGO is no sin compared to what YOU 2 do NOW!!!
cheers,
jr

You know you're in a Hick place,
when there's nowhere you can Go,
that you shouldn't!

eblode

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Saturday, March 10, 2007 - 11:34 am:

Dug,
Dos tips from newspapers (Melb.Herald Sun, Daytrader on Weds) didn't cost me $25 grand but made me $25,000. Keep reading noosepapers Dug, ya mite larn somtin.

Eugenio

trumpcard

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Saturday, March 10, 2007 - 11:49 am:

I bought one of their books a few years ago. Extremely disappointed. Basically they claim the founder, David Bowden is basically some super Gann expert who predicted this and this and that.... The first books tell you how to instruct swing charts andhave a VERY basic explanation of other trading related issues such as money management. I think the philosophy behind them is that if you want to learn Gann's secrets, be prepared to fork out mega bucks for all the advanced courses. I had a look at the second book (and returned it) as it gave no concrete information, just a hint here and there as to what HAS/COULD HAVE BEEN possible using some obscure Gann trading tool, but of course barely explains the tool.

I believe McLaren's book or even our good Yogi's course might be worth better bucks for Gann stuff (note, i havent subscribed/purchsased either of their books/courses).

For no more than $300 one could buy enough good trading books
to do reasonably well out of the markets anyway. And of course not to mention the forums, IC for stocks, James16 Forums for currencies, futures, general trading

dug

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Saturday, March 10, 2007 - 12:05 pm:

Oh so it's that one.
David Bowden is probably the layabout son of Bill Bowden,the Property Developer here in God's Own that assaulted us in d'60/70's with
Little ASPLEY,that's Strathpine!!
Aspley was in d'Sticks then and Stratpine out even Further.Aspley really deteriorated from it's Garden Suburb Beginnings and Stratpine was and always stayed a DUMP!!

a bit of background to these Guru dudes.
cheers,
jr

You know you're in a Hick place,
when there's nowhere you can Go,
that you shouldn't!

msparks

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Saturday, March 10, 2007 - 12:49 pm:

Danilec
Wasn't trying to have a go , sorry about that, it did not read very considerate.
Thanks for sharing your knowledge and experience of these creeps with us.
Glad you are back on track now, i am sure Dug is watching over you with his 100 years of trading wisdom behind him.

Eblode
Can you give me an internet link to this newspaper legend in Melbourne.
Tried on the web and no good ? and i am not going to buy the melbourne paper each week but might have to if he is so ruddy clever.You mean he knows more than Dug, wow.

dug

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Saturday, March 10, 2007 - 01:46 pm:

He [eblode's journalist]probably only applies in FACT all the angles often discussed here in this Forum.
He probably don't waffle and waddle around scoffing,trying this 'n' d'other method on a weekly change of approach,fluttering on Blue Chips,believing in Guaranteed Stop Losses as a basic method and ending up with a portfolio of shares lauded or at least highlighted long ago in some rag of a mag.
He's probably like our mate Coca Kohler,msparks,a mouthpiece for d'Establishment.
You really should have taken a page from ya mate,jimdene,he with d'clarity grammar jag and stuck with Managed Funds,msparks;ya woulda had an ideal portfolio and still got a line of chat to babble at BarBques!!
ps-R U still a Fibo convert,d'Poor Man's Gann?

You know you're in a Hick place,
when there's nowhere you can Go,
that you shouldn't!

spider

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Saturday, March 10, 2007 - 01:50 pm:

The last time I checked, the "Herald Sun' was famous for it's football coverage.
This is a 'tabloid' newspaper. I'll let you draw your own conclusion as to what that means.

A few years ago I made a study of the 'tipsters' who appear in the various newspapers.
The market was running, so (like everyone else in a bull market) they had a reasonable hit rate.
Then the market turned.
This was when it really got interesting.
After a while, a couple of the papers just dropped the column, with no explanation.

What did I learn from this study?

The most important thing I learned was that like all tipsters, they NEVER told you when to get out!
Also, there was never any discussion of what shares to steer clear of (advertisers don't like it if you 'dis' their company.

I ran into a bloke who works for one of the quality newspapers and he told me that quite often those columns are written by anyone who happens to be free and who has an interest in the markets!

You will notice that these columns quite often do not have a 'by line', and the author is often a pseudonym, "The Daytrader, the Insider, the Tipster etc., etc.,"

It would take a brave trader to base his trading decisions on
tips from people who are trying to sell newspapers.

spider.

macca888

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Post Number: 125
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Votes: 2


Saturday, March 10, 2007 - 02:33 pm:

G'day all

Good onya danielc for posting your story.
Whatever the reason for your outlay it still amazes me the lengths that "we" are prepared to go to in search of the holy grail.
With friends like dug to rally to your cause who needs enemies?

The greatest resource a trader/investor has is between their ears. My one genuine idea I have yet to find in any book.
In spite of 2 meters (that's 2000mm for any small minded lost souls north of the border) of trading books I own, IC and this forum has been my most valuable resource.
There are genuine diamonds in this coal mine.
Just a lot of dirt to be dug out before you can find them.

regards
888
PS You know you're in a hick place when you're in Blunderberg.
I spent a week there one afternoon, some years back.

(Message edited by macca888 on March 10, 2007)

"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein

"A prudent speculator never argues with the tape. Markets are never wrong - opinions often are". Jesse Livermore

"The only sound reason for buying a stock is that it is rising in price.
If that is happening, no other reason is required.
If that is not happening, no other reason is worth considering".Nicolas Darvas

danielc

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Saturday, March 10, 2007 - 02:49 pm:

Msparks ,duggy and others,the 25GG was extracted over a period ,how cause i was a goose. but it was nothing in comparison to a lot of others i met one bloke at a billy mc week end /sensational week end good stuff/ who reckoned his was about 50GG including 30 gg or somthing like that for a week seminar <i>on some smicko resort on the sun shine coast which was supposed to turn you into a master trader were Mr db and others would revel all including the exact date of the next crash based on gann cycles and somthing called time by degrees he did about 3 or 4 of these a year and MAN from some fotos i saw there was a LOT of people attended these weeks.The most i spent in one hit was 9GGs for his vidio series six vidios put to geather by the master which if you followed would turn you into you know what ,i later sold it to a bloke for 2ggs told him what i thought of it BUT he still bought it so i suppose really my outs was 23 not 25. You will all remember snifter well he spent more than a bit as well when i found that out i didnt feel quite so bad.his big go was trade the spi trade the spi and we all know how deadly that is for young players . he was connected with some futures broker in bris and usto push every one to go to him go to him, deal was insted of the usual brokerage 30 d in and out??? you pay a 100d and they would gt you got in and out at the price you called ,no slipage. Tell you wot thou he sure was is a preety smart bloke he got plenty in and once hooked keeped getting them in, what a mug i was.

msparks

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Saturday, March 10, 2007 - 03:08 pm:

Anyone heard of the Magicians Way ?
Is this a con also ?
Have a friend of a friensd, pretty hooked on it atmo.

dug

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Saturday, March 10, 2007 - 03:15 pm:

good on ya dan.
hey one who 88'n 8 maccas so he could really learn bad taste,when are you going to grace this Board with one of Your Shares from go to whoa?
Msparks is EXCELLENT on EXIT Stategy.
He's Buys,You jettison![including any TA techs!!]

and as for the rest of ya post,mac.
It's still 6'6" here.We only do metrics for Weight.
Tryin to take me out on Bundaberg will only open the can o' worms re Msparks'background/hang out.
DumbODubbo!!

but generally,it'd be really good if jo nob came back with some info on their prior machinations in d'Market.
What prompted him/her to give this rort a go?
Why NOW is d'Hop In,coming down?

Happy Trading.

You know you're in a Hick place,
when there's nowhere you can Go,
that you shouldn't!

eblode

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Saturday, March 10, 2007 - 05:03 pm:

Msparks,
Nobody knows more than Dug. The guy evens knows Bowden'S old man and I'll bet he even knows his grand dad.
As far as DAYTRADER which is written by Darryl Morley (thedaytrader.com.au) in the Melbourne Herald Sun each wednesday I have followed him for 3 years. He simply writes what he buys, puts stops on, and sells. His formula is to sell losers immediately and let winners run. He started with $50,000.in July 2006 and this week ended up with $90,526 after taking a $2,000 loss last week. Who says the guy doesn't know how to trade? Some of his buys I wouldn't touch, some are terrific but week in and week out he makes a profit. Presently he holds AAX,MMX,PHK,WSA,SYP,WMT,CRK,BGF,GHT,PLT, AND IIN.
I wouldn't be surprised if his real name is DUG and Darryl Morley is his nome de plume.
Eugenio

smallworld

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Saturday, March 10, 2007 - 09:33 pm:

jonob,
Discussion re SITM can be found here
Now I'm interested on what your expectation in return for spending 25 grand. Can you share that with us? (You havent said how much, I'm just assuming its 25 if you do the whole suite of them)....

(Message edited by smallworld on March 10, 2007)

zorba

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Saturday, March 10, 2007 - 09:53 pm:

G'day smallworld
That link requires a 'login'.

As the Irishman said, 'Anyone who's not confused here doesn't really understand what's going on'.

macca888

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Saturday, March 10, 2007 - 10:01 pm:

G'day all

Strewth Colin, you gotta stop giving me 5 stars for every plug of IC. I told you all I wanted was free lifetime Premium membership.

888

lafee

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Saturday, March 10, 2007 - 10:28 pm:

You know what is funny about con artists in the market. It's not in the brokers interest to discredit there work. People need a reason to trade or to begin trading. THe gurus help the establishment. Is it any wonder they can survive talking such rubbish.

I met a guy about 3 years ago that had attended a workshop with a well known northern gann promoter. This guy, while admitting he had not yet made money, told me that some of this particular guru's 'inner circle' were so talented in their mysticism that they have been able to calculated the precise date of their death.

The power of spin is truly disturbing.

Cheers Lafee

A working class hero is something to be.

John Lennon

philr

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Sunday, March 11, 2007 - 09:28 am:

msparks

No I had not heard of it. Not really sure what to make of it.

I found this free demo chapter on the internet. It may improve your golf.

http://www.magiciansway.com/magiciansway_chapter1.pdf

Phil

wadda

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Sunday, March 11, 2007 - 12:26 pm:

Msparks,

I have read the book "The Magicians Way" and aware that there is a large following of this guy's philosophies. It is in a similar vein the the recent wave of New Ageism (and I'm not being critical of that) as in "The Secret" and "What the Bleep do we Know".

These were mentioned earlier in a thread this year and our fellow ICers, eric, a psychologists, commented that these philosophies have been around for quite some time, just different packaging...and that they work!

http://forum.incrediblecharts.com/messages/11/1029575.html

cheers,

wadda

"Buy low, sell high is a cliche, not a blueprint for action. It blinds investors to the professionals' approach of buying high and selling higher." Stan Weinstein

smallworld

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Sunday, March 11, 2007 - 01:07 pm:

Sorry Zorba,
looks like you do have to register, registration is however free.
unfortunately I dont know of a way to bypass that.

lylo

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Sunday, April 01, 2007 - 09:33 pm:

I am new to this forum,this being my first post.
Feeling I have to give an opinion on SITM, have had the starter pack for almost 12 months.( a novice )
Found maybe 20% of ABC trading made it to profit,maybe 50%
to even money if you got out in time or a trailing stop.I
am supposed to pay for my next years subscription, but might leave well enough alone...lesson learnt.
Luckily I have read Louise Bedford's Trading Secrets where
she recommends "incrediblecharts". I have been reading your chat forums for a coupla weeks, and find them helpful and informative.
As macca888 says "there are a few diamonds in this coalfield"

Qualified Tradesman Apprentice Trader

born2win

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Monday, April 09, 2007 - 09:20 am:

Lylo, Welcome aboard =) always good to see other contribute to the community

lylo

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Monday, April 09, 2007 - 12:13 pm:

B2W
Thanks for the welcome.....appears to be a very helpful
and informative forum. Hope to be able contribute when I
gain some experience.
Hope you have had an enjoyable easter...........cheers

philr

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Saturday, August 25, 2007 - 02:55 pm:

Just finished reading "The magician's way" It had some good points but overall I was disappointed.

I thought the ending was very sudden and did not make a lot of sense.

Phil

lafee

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Saturday, August 25, 2007 - 08:58 pm:

Philr,

That is the exact same reaction I had to Gann Analysis. 'Trust me I know all' is not a good start to this business.

Cheers
Lafee

Don't ask an academic if what he does is relevant

moidart

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Wednesday, August 29, 2007 - 09:10 pm:

I did all this stuff about 10 years ago when David
Bowden was running the show. All up it cost a lot more than $5K in those days. After that I found many Gann traders who thought they could tell the market which
way it was going , but I 've yet to find one who could
demonstrate that they were making money.
To me they are very much like Elliot Wave people who can see it all in retrospect but know a bit less than a coin toss when it is decision time.
Hello all. Nice to meet you.

steve_david

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Wednesday, November 21, 2007 - 09:25 am:

Hi All
Just checking on any updated information regarding "training schools", SITM would appear to be a bit of a mistake from what the thread is saying, i have been getting calls from another company - Wealth within. Does anyone have any experience or good information on this company.

davkell

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Wednesday, November 21, 2007 - 06:37 pm:

Wealth Within are pretty good from all accounts. It is more a longer term investing approach, but his approach is sound. Worth reading his book.

Cheers.

"Trade Your Way To Financial Freedom" - Van K Tharp

"Manage the downside; the upside will take care of itself" - Donald Trump

steve_david

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Friday, November 23, 2007 - 09:19 am:

Thanks for the advice. I will investigate the company further.
Does anyone else have an opinion on this company?

Cheers
Steve

danielc

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Friday, November 23, 2007 - 09:38 am:

have a look at the BIll Mclaren site, mclarenreport. do it your self at or in your own time seminars are a mine field so many are crap. check this site under trading plans , who was the bloke from twoombah ??? his plan was timeless you just have to add variences .... The nick radge site is good to and of course so is this one ... just doo the hard yards .. there is no silver bullet .

dug

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Friday, November 23, 2007 - 09:41 am:

See you're off Time Delay,steve.
I'd say that the Consensus View around here is that all these kinds of Courses are a waste of time and money.
They are NOT a fast track into the Market.They are just Salesmen/women Gimmicks usually involving "bleeding" you for months afterwards of Monthly Fees not only the initial Seminar Costs.

but you say,you're 46 years old and have been watching the Market for 25 years.Not participating just watching.Well,you should just start Having a Go!!Not with ALL your Capital unless that's only say $25,000 but the Only Way to Truly Learn is to DO what/how YOU reckon.
These Seminars are for the Timid,Steve.They who want to do Right but who think there must be some way for Safety in the Market.
Steve,you have to be able to save YOURSELF.Do that and the Market will be somewhat Tamed.

Happy Trading.

Even 'til Jaded.

Dig for the sake of it.

steve_david

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Friday, November 23, 2007 - 09:58 am:

I think you are probably right, it could be time to just have a go.
Thanks for the push, keep you posted.
Cheers
Steve

eblode

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Friday, November 23, 2007 - 11:05 am:

Steve,
Been there, done that.
Save your money and buy Stan Weinstein's book "Secrets For Profiting in Bull and Bear Markets". Keep it by your bedside and memorize each chapter. As a Trader I swear by his methods and have become a very successful Trader by abiding by his principals. You'll never regret it.

Best of luck,
Eugenio

dug

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Friday, November 23, 2007 - 11:24 am:

Yes Steve there are some books to read.Colin Twigg has "endorsed" a Top Ten.I think the thread is in Reviews Topic.
Also don't just DIVE In like Buy Something today because you are motivated to DO.
The Market is not going to Pass you By,it'll still be here when you're Ready.In fact the Market is currently in a bit of a Flux,Cusp at the Moment.You'd probably be in Loss today If you bought first last week.

and,Steve there's an old market wisdom that when the "pilgrims" like you,a "newbie" start coming to the Market,it's a Sign for d'Old Hands[d'devotees] to start Packing It IN!!
ohh it's Cruel but it often is confirmed.
cheers.

Even 'til Jaded.

Dig for the sake of it.

sittingduck

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Wednesday, January 23, 2008 - 08:34 pm:

how prophetic this turned out to be !

dug

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Thursday, January 24, 2008 - 11:47 am:

How are you going along,sitting duck? How did your personal plan weather the Storm?

Maybe if steve sees some posts,he'll tell us about Where he's at.
Sitting,the "problem" we have around here is that Sometimes characters pop up in threads like this simply as a PR exercise by these Dodgy Coach Types like,well,Safety in the Market.

It's happened several times.
like we had one chick clown turn up saying she'd been advised by some Spiv that CFD Profits were NOT TAXABLE.The spiv had made Millions on the Market,she said,and was particularly a Person to Note.

She then went into some Huff,whining to the Moderators that I was rude and disrespectful of her point of View!!
Like her Spiv was real polite and/or knowledgeable while I was,well,I couldn't write right and was an Insulting Ignorant to her Intelligence or some such Piffle.

She was just put out being caught on d'Dodge,sitting duck.Doing the Weave and Duck with a charming,"Who me? I'm decent or at least a woman due Consideration"

What? Why? when you're feeding out such apparent Ms Information.
I reckon there is NO Reason at ALL to show Respect to THEY who are on d'Dodge.
Especially when it is supposedly backed by some "Authority" Guru Type that sheerly is doing Salesmanship on ya.

anyway,how ya going,sitting duck?You too steve david.
cheers.

PS-CFD profits ARE TAXABLE.don't get CONvinced otherwise.

Even 'til Jaded.

Dig for the sake of it.

dug

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Thursday, January 24, 2008 - 12:15 pm:

Nearly forgot til I was reminded by Mr Lunch's recent post today in the only thread that seems to be Happening,I.C.
Daily Bread.

sitting duck and steve there is this Method of only following shares when they make a New High.
There's a few Qualifications to run the picks thru before putting your money in but in these troubled times you CAN/MAY be able to get a quality success rate.
It's much more probable than silly Bottom Picking,Fallen Angel Angling because well,you aren't trying to climb the Wall of Worry,Buying others desperate to get out with Dignity,Killing the Bounce.

Anyhow,I'll get around to opening a Thread in Systems but I'll need a Volunteer[s] to provide a cut'n'paste list of the New Highers every day for a month or two and some feed back on how others are viewing the Pros and Cons of this as a Method.
cheers

Even 'til Jaded.

Dig for the sake of it.

steve_david

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Thursday, January 31, 2008 - 07:39 am:

Hi Dug
Still siting- thanks to your cryptyed message on Nov 23.
As a result i have potentially saved some money.
I await your new thread.
cheers
Steve

dug

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Thursday, January 31, 2008 - 09:45 am:

well steve have you downloaded at least the IC free "kit"?

In your paper trading days,did you come up with some "style"/method?Some kind of shares that you are particularly interested in? Micro/Small/Mid/ Large Caps? Options/CFD's?
Is there a particular share you're looking at NOW to maybe Buy?
If so whack up a chart in Short or Long Term perhaps.Tell us in 5-20 lines you're angle/take on it and someone [hopefully other than me]will chat to you about it.

I've set up my thread mentioned above in Systems Topic.Get a New High Thread.I bought HEG yesterday to get a feel for it's practical Application.
cheers.

Even 'til Jaded.

Dig for the sake of it.