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Strategies & Market Trends : The Best Day Trader Training
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To: JB2 who wrote (211)5/15/1999 1:43:00 PM
From: John Fairbanks  Read Replies (1) of 230
 
Well what's really funny is that I took my own advice and went back and
read your posts, and my posts, and your posts... ;-) Anyway, suffice
it to say that your posts were not as insulting as I remembered so
what do you say we just bury the hatchet and I buy you a virtual
drink?

Whether it comes out good or bad I will do my best to provide an
unbiased report on the EdgeTrade training class when I get back. If
it does turn out to be a joke, at least everyone else can avoid it.
If not, then cool. I do agree with you BTW on the large number of
people getting fleeced by the daytrading thing. I think it is
especially common when people who know nothing about the market are
taking their life's savings and they take a course which convinves
them they can succeed at daytrading when in reality most of them
will fail even if they have the best training around.

Of course it isn't just in daytrading... I know a couple who spent
$5,000 to take a weekend seminar on options trading from a guy who
is generally acknowledged all over the internet to be a crook.
Although I supplied them with this info prior to them taking the
course it didn't matter -- they had $$ in their eyes and proceeded
to lose a lot of money over the last year.

I honestly believe that before anyone ever takes a daytrading class
they should invest as a regular investor for at least a year so they
get a feel for how the market works... and maybe get a feel for just
how quickly your money can be lost as well as made.
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