Safety In the Market - seminar in Australia

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shez

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Post Number: 1
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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Post Number: 67
Registered: 07-2004

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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.

"Trade Your Way To Financial Freedom"

longshanks

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Post Number: 9
Registered: 11-2004

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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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Post Number: 2
Registered: 02-2005

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Votes: 1


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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Post Number: 1928
Registered: 10-2002

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Votes: 1


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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Post Number: 207
Registered: 08-2003

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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

Member

Post Number: 71
Registered: 07-2004

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Votes: 0


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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Post Number: 861
Registered: 03-2004

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Votes: 0


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

Member

Post Number: 10
Registered: 11-2004

Rating:
Votes: 1


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

hey dogalog

r u speaking 'doglish'?

dogalog

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Post Number: 862
Registered: 03-2004

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Votes: 0


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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Post Number: 11
Registered: 11-2004

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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

Member

Post Number: 863
Registered: 03-2004

Rating:
Votes: 1


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

Member

Post Number: 12
Registered: 11-2004

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Votes: 0


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

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

dogalog

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Post Number: 865
Registered: 03-2004

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