Does anyone know, approximately, Daryl Guppy's net worth?
Does anyone know, approximately, Daryl Guppy's net worth?
this will only make sense if you differentiate between his book sales and his trading activities,presumably thats why you want to know his net worth.
good point visual, I have no interest in how much he makes from books/seminars, however I can imagine that if he is as good at trading as you would assume then the book revenue would not be a significant portion of his wealth, if it is then one would question the value of said books.
I think Daryl is passionate about what he does
Allow me to be flippant do you honestly think that he would be wasting time writing books if indeed he was as good at trading as he is at talking about it. Note all the people who get to a certain stage in life and then tell you how they got there, unless of course he is a good samaritan and genuinely wants everybody who buys his books to be as good as him! But then how does he write books and still find time to successfully trade?
Sorry, I`ve got a few of his books but all they do is gather dust
well that's exactly why I'm asking visual. I'm a strong believer in "practice what you preach" so I always like to know a bit about the history of the people whose books I read.
unfortunately, short of his web site and other sites trying to sell his books, there isn't much written about guppy.
So........Originally Posted by visual
Soros needs to write books to top up his income?...so does Trump? ....Peter Lynch? ...et al?
Full time trading is boring and an active mind wants something else to do... writing about what you do doesn't imply lack of success at all. Suggesting so, without supporting fact is cynical in the extreme.
Mine gather dust as well, but lets not disparage people for the sake of it.
Excellent point wayneL and I'm glad you raised it. However, I really do think that the numbers speak for themselves at the end of the day.
Agree, but lets get the numbers and any mitigating circumstances first.Originally Posted by ctp6360
For instance I believe his home was washed into the ocean a few years ago. Who knows whether this was covered by insurance or not etc etc etc.
One bottom line figure doesn't tell a story.
Why is it that people have this mindset that if your a good trader then you dont have to do anything else and if you do then you couldnt possibly be a good trader.
Not only Guppy,but Williams,Weinstien,Shwagger (Hmm bad example) etc.
Frankly I think Guppy pours out copius amounts of thought provoking stuff for those looking for info.
Not only is he good at it but being entrepeneurial has built a business from it.
Trading longer term is as boring as hell, I couldnt do it alone.
Dont forget seminars I went to one in Adelaide a few years ago and it was $150/head and 3 nights running packed houses (150 a night).
Thats $67K Gross.
3 nights for $67k sensational.
Not only is the guy an astute teacher but an excellent business man.
One things for certain he wont starve in a bear market! 1000's buying books and attending seminars trying to plug the dam!
If proof of nett worth was the main criteria you wouldnt speak to the larger majority of people who post on forums,and if they happen to mention worth in conversation they are labelled egotists.
Wayne,gosh,didnt mean to offend you,golly take a bex and have a good lying down!
Peter Lynch wrote his book from what I gather after he cut his work load down,Soros I dont know Trump did he really write a book while he was achieving his fortune or after.
P.s I was not disparaging Mr. Guppy I was being flippant,you`ll notice that word at the start of the post.
Not offended in the slightest, I'm not a fan of Guppy, just wearing my Mod hat.Originally Posted by visual
mod·er·a·tor ( P ) Pronunciation Key (md-rtr)
One that moderates, as:
One that arbitrates or mediates.
One who presides over a meeting, forum, or debate.
adj : showing inappropriate levity
this, from a society that uses BLOODY to advertise itself.
sense of humour Wayne,I wont look it up so as not to bother those who have it.
hi there ctp,
would it really matter that much if he had made alot of money trading in the market or not? If you buy one of his books and trade away blindly without testing out the methods described, you're asking for trouble. I read some of his books before I started trading, and used some of the methods he describes in 'share trading' when i first began, but I did it on paper first.
Testing out ideas on paper and backtesting are the only way you'll find out if a method is right for you or not, otherwise you're just gambling. An author's net worth shouldn't really be an issue for someone looking for ideas about trading the markets.
Attempting to offend the moderator? Brave!Originally Posted by visual
Luckily I am thick-skinned.
If i was giving you advice about fishing and had never caught a fish of legal size, would you still take my advice just because they are nice ideas?Originally Posted by professor_frink
It might not be important to you but I like to listen to people who have BEEN THERE DONE THAT
I have received a lot of bad, unfounded advice in my time and hence I am very cautious who I listen to...
I probably read about 2 books a week and buy a lot more than that, i have a stack of 8 waiting to read at the moment - i threw two out last week because they were rubbish...when you read a lot of books you get to know who is full of **** and who has genuine advice
Generally, people who write books have something else to plug in their books such as a newsletter, course or seminars. It`s done indirectly so one looks further at purchasing it after they have read the book and want more answers to questions alluded to whatever they are selling.Originally Posted by ctp6360
Guppy is pushing his multiple moving average and the software which has it, in his book trend trading.
Not all authors though.
Mr Guppy has the knowledge and I believe the knowhow to be profitable. That shouldn`t matter thaough. Just because you read a book doesn`t mean you can copy the style 100%.
And CTP, at least one of those books you have to read should hammer home the psychological aspect. Mr Guppy might have it, does everyone else?
Discussion only! Posts may be factually incorrect due to ignorance, taken out of context, misinterpreted, or just opinionated discussion.
ctp,Originally Posted by ctp6360
If I was starting to learn about fishing, and some of the things you told me made sense, I would look into it before I dismiss your idea completely. The fact that you had never caught a decent fish wouldn't matter, it might advance my knowledge of fishing slightly, making it worthwhile.(or maybe not- that's why you should try things out for yourself!)
Back on topic, if you gave me some ideas on how to trade the markets, I wouldn't care if you are profitable or not, as there is alot more to trading than just the indicators. Getting the buy and sell signals right doesn't mean you will be profitable. If your not in the right frame of mind, and your not managing your money properly then you can still have a great idea and great indicators(meaning you could write a book on it) and still not be profitable.
On a friendlier note, have you read any of his books? If you have, what did you think of them? Personally I loved "Chart trading", although it was the first technical analysis book I ever bought- thought it was a good intro to t.a, and led me to investigate some of the indicators he talks about, some of which I still use to this day.
Sorry if I came across a bit harshly yesterday-it was a bad day for the professor
hi frink, I definitely understand your book. I know that when i read something it has no meaning either positive or negative until I can apply it in my own life/trading successfully, ie until I test if this is an idea I can use myself I can't say either way whether its good for me or not.
The best example I can think of that is Rich Dad Poor Dad, that book did a LOT to change my attitude and got me into business, however in further research I came to realise that Kiyosaki may not have exactly practiced what he preached and made most of his money from that very book. BUT, because that book had such a positive influence on me, does it really matter that he may not have been as wealthy/successful as he said he was?
Yes I have read some of Guppy's books, Trend Trading, Share Trading and Better trading, I own all his other books too and they are on my "to read" list. But I'm currently reading "Come inside my trading room" by Elder and recently finished "Trading for a Living" by Elder.
I really enjoy Guppy's books and they seem like the kind of ideas I would definitely like to try and see if they work for me. I just tend to like to know who is writing it out of habit now because you hear so many stories about these guys just profiting from the books/seminar/audio programmes that I think it pays to be skeptical about whose advice you take.
Why dont you ask DG on his forum? And get his newsletter. Then decide if there is anything in what he preaches.