Hey all
Just wondering from the 3 day mega conference has anyone signed up to the Traders international that was presented by Lachlan Elsworth, I'm really interest in it, and went to one of there live seminars/webinars last night online and thought it was worth a look, love the idea of accelerated income so I can invest even more into property.
any feedback on this topic would be great
Cheers Russell
Perhaps I am speaking out of complete ignorance, but here is my take on the trader session from the conference. It was the one session I disliked - reason being I thought he spoke in generalities which he kept repeating. I only stayed cos I was tired and I went to sleep, so maybe I miSsed something - but I don't remember him talking about any downsides of the strategy. I just remember he went on and on about you choose what your return will be - but he didn't cover any risks, that is, that you might lose not gain money. I saw it as very muCh a case of buyer beware. I would want to find out more about it from some independent source before I got too involved.
I didn't take to this presenter, he was repetitive and very off putting. I couldn't ever learn from him. I think his military backgourn made him too 'straight'. I did Daniel Kertcher's Trading Pursuits course after last year's Conference. He stresses the risks constantly, he makes you understand how risky this method of investing is - and he outlines a method that works most of the time. I believe those who've done the courses with me have all made money. I'm doing my last course this coing weekend. I've been happy with this company and Daniel is a great teacher. You get lots of support and the constant webinars keep you updated on market activity.
Happy to discuss further,
Wendy
my hubby is doing this and he is happy with it he hasent started live trading yet
Hi all
I have been thinking about share trading on and of since the conference and would be interested to hear further from Wendy and janc about what you thought about the education programs. I would be intersted in how much time it requires - can the share trading be incorporated into the life of a fulltime employee (one statement from Lchlan is that his share trading only takes 1-2 hours per day).
Many thanks,
Hi Chris
This is janc's husband. We are doing the property course together. I have chosen to do the trading course with TI more as a hobby and will have to clarify that this is a very small part of our plan. I traded stocks in the USA full time for 12 months 11 or so years ago so have a heads up on the risk. I love trading and have had my share of losses and gains. It is not as easy as was stated at the meeting at all. Trading is very much a game that will work for some but not others. That said you can get on and paper trade get a taste for it with no risk to your capital when you go live I would highly recommend that you only risk money that you are prepared to lose. I would be happy to talk to you at any time if you want more info drop me email awpitt@bigpond.com.
Regards Angus
The sessions at the conference were interesting and I love the game concept. Thanks for your mention of an alternate provider. It is probably a little way off for me, but I would love to have a play with it. My incentive is to break down the barriers so my kids have skills in these areas, just as much as property and life knowledge. If anyone else has any suggestions that would be great!
Many thanks
maree
Hi ChrisA,
I signed up for Trading Pursuits at last year's conference in Sydney (so did Steve McKnight, one of the reasons I did too). I did the Income course in Melbourne and later the Income Plus on the Gold Coast last year. I did the TradeAbility Masters course in June in Sydney this year. I didn't start trading until March this year due to problems with Internet access and getting trading accounts opened. I have traded every month since (small amounts) and I've made money all bar the first month. Reason - I did the trades the wrong way round! It cost me $80 but I'll never do it again. Using Steve's measure of earning more than bank interest and CPI I've been in front each month.
I research the suggested trades on the third Friday of each month, re-check on Monday afternoon when Trading Pursuits puts up what it will be doing. I do my own homework on the companies and then wait for the US market to open on Monday evening (11.30pm our time at this time of year). I try to place the trades I've decided suit me, sometimes the numbers change too quickly to make a particular trade so you keep doing the numbers. I work full time and I find it easy to manage. I check my trades every 2-3 days as I need to know the prices haven't moved near the strike price. Trading Pursuits sends out updates whenever there is a change to the trades it has placed, so you only need to check its web site for information on its actions.
I hope this helps you decide. The courses aren't cheap but the training and support are first rate. You can contact the support team at any time - even while the market is active on the fourth Monday. I've found them extremely helpful with my problems. Both recommended trading platforms have mobile platforms so you can check trades during the working day if necessary. I don't spend 1-2 hours each day, not even that much each week.
We are trading CFDs, options and forex on the US stock exchanges. The CFDs and options are only on the top 500 companies, mostly on the top 50. Once you listen to Daniel and read everything he recommends you will understand why. I'm very happy to recommend Daniel Kertcher and his team.
Cheers,
Wendy
Really appreciate your advice and thorough answer about the Trading Pursuits!!!!