It was very easy (imho) to spot the "Sales orientation" rather than training orientation (apologies to those who find it good):
1. The "volunteer graduates" are paid some commission. In addition, they mostly (not all) know nuts compared to an active trader with their own systems / methodologies of entries & exits from trading non-options. Even a neophyte may know more than some of these "graduates" in terms REASONING of the methodologies - which, imho, are the most important element of any types of trade.
2. When it is STATED that there are "volunteers" coming back to "help out", U know that the methodologies taught aint working well - if they were, would they be back to help out FOC (supposedly)? I'm sure doing good and good karma comes back to U but via such a channel meh? Donate the $ lar better.
3. The BIGGEST in my face thing jumping around was: It's so easy, xx minutes a day cukup + the "now now now discount! & easy payment".
Alo, if it's true and it's a near sure thing - then why would they be selling the methodology instead of making a killing every day (or whenever there's no holidays, Feds' announcements, etc.)? Options wor, HUGE leverage wor. The "preview" made it sound as though "leverage" is a sure win / +ve thing WITHOUT highlighting that it's a double-edged sword - it can kill U easily if you're on the wrong end. No mention on REASONINGs and Interpretation / Analysis was said - just follow the 20+ counters that Guru-ji says to track and trade those.
end of "Guru-jis BS filter"
Oh btw, for RM14K to RM20K - I'd have bought several basics to advance options trading books + learned hands-on liao. Note - either the above or self-education, your mileage may vary (drastically in some cases)
This post has been edited by wongmunkeong: May 23 2011, 12:24 PM
May 23 2011, 10:57 AM
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