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Non-Tech : Medved QuoteTracker - real-time portfolio tracker

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To: ACAN who wrote (14161)3/5/2011 2:37:45 PM
From: vireya  Read Replies (1) of 14513
 
I found this by googling. Note that the date is old. It is possible that tuition has changed. At the time of the post below, it is possible that Atrade didnt have any relation, I dont know,
I will report on Monday when I hear what they hafta say
........................................
10-27-05 10:43 PM

Disclaimer: I am a coach with Investools, writing as an individual, not representing the company in ANY way. I want to clarify a misconception this question might lead to, and I am NOT speaking for Investools. Did I mention Investools is NOT responsible for anything I write here? Okay.

Also I want to apologize in advance in anyone thinks I'm trying to advertise. I am not. But having been a reader/poster to this website for a couple of years BEFORE I became a coach for Investools, I wanted to give this forum community what I thought might be useful insight.

Investools is an education company. It's products are market education and analysis tools to help you make the most of that education. The $3,000 is for training. If you hope to spend $3K on a website or software that will make money for you, forget it.

In fact if you think ANY software can make serious money for you without you having to do the research, taking responsibility for your own results and spending the time learning to trade with emotional discipline and patience, then you should spend a single dollar on ANY software.

In fact, take all your money out of the market right now and dedicate yourself (if you are truly interested in the subject) to learning about the market. Anything less is just a series of losses waiting to happen.

I began trading with Wizetrade years ago. I actually made money at it, but most people I know didn't. I read books by Van Tharp and many others, I went prop trading with Bright Trading for a few months (good guys but I'm not cut out to be a prop trader and didn't do well at it).

I traded on my own for a couple years using nothing but Prophet.net. I still use that and like it alot. I became a full-time coach with Investools about a year ago and have since coached over 100 students in the program. About half of them improve their results. Most all of them want to double their money every year. Three of the students I coached might actually do that. Most of the half that don't improve their investing don't take it seriously enough. Which baffles me. How could you drop 3K and then just not do it?

But maybe that's actually cheaper for them since they find they aren't cut out to be traders and they can make more money doing other things.

So bottom line: Investools is a method for education. Yes it works. I have improved my own trading greatly as a result of the education I took from them before becoming a coach. It has helped my trading more than anything else I have done.

Does it automatically make money for everyone who buys education from them? Not on your life.

If you make money from Investools education, just like anything else--it will be your fault and no one elses.

What Investools Education really does is save you time. You will learn the market faster, and in my own opinion, better, by using their education than by trying to bump along on your own. CERTAINLY better than by buying some black-box software and trying to implement it.

Hope that helps,

-g

P.S. INVESTOOLS IS NOT RESPONSIBLE FOR MY IRRESPONSIBLE POST!
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