Saturday, February 27, 2010

Re: [TheOptionClub.com] terry's tips

 

Migo: Terry projects a very "trustworthy" image (IMO). He is (was?) a finance professor at a local college, he says he donates x-thousand dollars per month to charity, he looks like a friendly grandfatherly type, the whole package. (http://www.terrystips.com/index.php)


His program does make money, until you get wiped out by a moderate market correction. I think the business model is to get the customers in and collect the service fees until they get creamed and leave, and then repeat the process. This is my conjecture based on my personal experience as a past subscriber.

Jack: Regarding Money management, I recommend you read Dr. Alexander Elder's Trading For A Living and learn about his 2% 6% rules. Also, read Van Tharp's Trading for a Living, especially the section on position sizing.

best wishes,

Greg

On Fri, Feb 26, 2010 at 1:19 PM, Migo1 <migo1@ymail.com> wrote:
 

If it smells like a scam, taste like a scam or promises obscene returns it IS a Scam.
 
The best investment anyone can make is in themselves, read, study as much as you can then, invest in mentoring for life program that has a strong following and good reputation.
The only ones I have heard good things about are Sheridan & SJ Options.
 
Paper trading is like learning to fly in a simulator, if you cant take off or land with out totaling the plane in simulator then don't try flying a real one, unless Terry is in it with his bags of tips, then go ahead and skip the simulation, just name me you beneficiary.
 
10,000 hours is the average it takes to master anything, so how many do you have to go?

From: Meuter Gisbert <gismeu@gmail.com>
To: OptionClub@yahoogroups.com
Sent: Fri, February 26, 2010 2:13:11 PM
Subject: Re: [TheOptionClub.com] terry's tips

 

Well spoken Greg,

and I would add, paper trade at first, at least 6 month and then if you are profitable and can sleep sound at night with your trades, then tip-toe into the market.

gis



On Fri, Feb 26, 2010 at 2:04 PM, Greg Farber <gregfarber@gmail. com> wrote:


for the benefit of the group... somebody recently wrote me privately

"Do you know of any option advice service that is worth purchasing??"

 
if it were that easy wall street would be out of business.

if you don't want to learn to trade, then I say no. i know of none worth purchasing.
if you want to learn how to trade, 
look for educational services. 

dan sheridan's mentoring program - (if you have the money)
marko of marketstudent (if you have the time)
many other members here have other suggestions
perhaps they'll chime in.

read the archive of this group. there's tons of great info in there.

good luck!  (why does everybody keep saying that?)






Thr


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