To: William W. Dwyer, Jr. who wrote (32 ) 5/26/1999 10:03:00 PM From: JB2 Respond to of 121
As some of you may have noticed this weekend, new SI member Robin Dayne has made several attempts at starting a self-promotional thread. This is the fourth incarnation of those attempts. So I will have to restate once again the same message: Many of us here at SI are aware of the lawsuit Wade Cook recently won against Tony Robbins in Washington, in which Robbins was ordered to pay upwards of $700K to Cook, and to cease and desist from any longer holding financial seminars that essentially plagiarized Cook's. You don't have to be a judge to recognize that Robbins passing himself off as a trading guru was wrong. He is a relatively young man and has been in the public eye for many years as a motivational speaker. When has he had the time to become an expert in another field? Knowledge of this lawsuit is relevant because it appears that Robbins' close associate Robin Dayne is attempting to likewise pass herself off as an expert at trading stocks. It appears doubly evident now that something duplicitous is going on, since the evasive tactics she is deploying in going out of her way to avoid the direct challenge made to her this weekend have become obvious. The phenomenon of trading stocks has been escalating due to the proliferation of inexpensive brokerage transactions and easily accessible company information available via the internet. Unfortunately there are also many eager charlatans jumping on the bandwagon this year to exploit this interest in daytrading. Two key necessities for at-home daytraders in 1999 are ability to use a personal computer and easily navigate the web. R.Dayne's ineptitude this weekend put those basic skills to question, as she could not figure out how to respond to posts on her own thread, and instead responded by creating two more threads, labeled "post #2" and "post #3"... So I issued a challenge to her, which I will reiterate, more emphatically than ever: Robin Dayne: If you have the moxy to charge thousands of dollars for giving advice and instruction in a field, then surely you can publicly disclose your past record in that field, i.e. your trading records. Please quell this consumer advocate's doubts and make your records public as soon as possible or else do like your mentor Robbins and quit passing yourself off as an authority. How can one have the self-appointed authority to begin writing a bible on a subject, right down to delineating a list of most deadly sins, when one has no background of expertise, much less mastery of a subject!!! Trading knowledge is hard won, not God given, and one must be able to clearly show how one arrived at their position of mastery. It takes years of experience, so please tell us where you have been trading, and what your results have been. And please give us some verifiable references to successful traders who claim to have greatly profited as a direct result of your guidance---excluding your captive audiences inside the New Hampshire women's prisons. This is a direct challenge for you to produce some sort of comprehensive record of past trades. Where have you been trading for all of these years?? Continue to ignore these reasonable inquiries and you are proving our suspicions of you well-founded. Without such disclosure and proven record of results you cannot expect your lists of "sins" and any further "commandments" to be taken seriously. As far as tugging at daytraders emotions goes, there is no shortage of motivation among prospective traders or experienced traders. The profit motive is sufficient incentive. P.S. Your list of "ten most deadly sins" can probably be boiled down to four: Cut your losses, take your profits, follow a plan, and do your due diligence.