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Louise Bedford course

Discussion in 'Trading/Investing Resources' started by mrnovice, Oct 8, 2011.

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  1. tech/a

    tech/a No Ordinary Duck

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    Lets think about this a little more.

    We will make the assumption that "The Professional" is all of that and
    has put together a fantastic programme which will indeed teach you "how"
    to trade ---PROFITABLY. The course gives you notes and power point
    presentations with a DVD you can re visit at you leisure. The Professional
    speaks for say $300 when in town so they are in demand and travel a lot
    write books etc.

    So they can make $30-60K at a speaking engagement--why--demand.
    I saw Guppy fill 3 rooms in a row (Separate nights) at $150 a night and 150/ room.
    In Adelaide---where most are asleep by 7.30.

    So lets say they see a demand for specific education. Mentor-ship.
    Your not going to be able to do that with a full room of people so you need to drive
    attendance by price. 5 x 14000 or say 10 x $7000

    Really if your a pro are you going to deliver a quality "mentor-ship" for less?
    There is a heap of work in these if done correctly---in the background before
    presenting to during and after.

    Ive attended a few ticklers in my time and been thrown out of one when my
    questions hit raw nerves---mind you 15 mins later there were at least 20 people
    lining up at 2 tables to sign up for the $15K course---they just didnt know what to ask
    let alone what they NEEDED to know.

    But back to my point.
    Your not going to get quality education for peanuts. The educator needs to either do it with
    volume and low price or high price less volume---If you know how to trade/run a business or
    a household you'll be following me.

    The problem lies in those who are attending.
    Their expectations in particular. They expect instant profit---no loss or financial pain.
    It must happen now.
    Personally I think there should be seminars on what you really need to be educated in to
    make a go of being profitable.
    You have to understand that even a mentor-ship is just a step in the marathon not beginning and end.

    If I include software costs,education which I've paid for,books,computers,data without my time
    Thats around $35000.
    Over 20 yrs and still going.---Oh and a $20K loss in year 1.5 which taught me I wasn't the genius I thought I was.
    My return from the time and money invested has been worth it. X around 9X investment.

    So expect a cost a substantial one--but best become an expert FIRST in what you really NEED to know.
     
  2. tech/a

    tech/a No Ordinary Duck

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    Re: Anyone attending Louise Bedford mentor program 2013 & paid $15,000?

    Sails

    I'II bet there was no practical application in the course.
    Correct me if Im wrong but Ill bet it was filled with
    "Look this happened THEN and this Pressure point showed that that's EXACTLY where it was going to happen"
    Or similar.

    Nothing about how to put all this theory into a practical/profitable trading method---going forward next day/week/month etc.
     
  3. sails

    sails

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    Re: Anyone attending Louise Bedford mentor program 2013 & paid $15,000?


    Exactly! Lots of historical charts. No live trading or any such practical thing. It seemed to be more about telling people how money could have been made in hindsight.

    Sadly, playing on people being naive but willing to spend money to learn how to try and improve their lot in life. What a rip-off!
     
  4. tech/a

    tech/a No Ordinary Duck

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    Re: Anyone attending Louise Bedford mentor program 2013 & paid $15,000?

    It seemed to be more about telling people how money could have been made in hindsight.

    And there my friend you have described 95% of Courses.
    Now with all fairness I dont know what's in Louise's course.

    For a bit of balance I posted this on the other thread.

     
  5. pavilion103

    pavilion103

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    Re: Anyone attending Louise Bedford mentor program 2013 & paid $15,000?


    hahaha
     
  6. notting

    notting

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    People come to the market expecting to just explode into wealth, to outsmart, out psych out courage all.
    It's obvious watching TV, that the market will come back, it always does.
    It just can't be that hard.
    That's logical and true and is the trap for a wanna be trader.

    A brilliant trader who can really do well, will not give away their secret.
    They probably can't because it can be a massively complex moving beast of intelligence that incorporates perception, behaviour, knowing how traders trade, rare moments of intuitive clarity, flipping etc that are unexplainable and on and on.

    I have to say that I did find it curious that Nick Radge called his last book Unholy Grails.
    I thought, "Hmmm, gee Nick, that's really not much of a title. Your really not spinning anything with that. Cool."
    I mean Something Like, 'Lose Weight by Making Millions Trading' would jump off the shelf much faster.
    Then I thought, 'Well, I guess it could appeal to all those who have tried and tried and inevitably failed.'
    That's most people who trade without being fully geared up with what it's all about.
    Good for current environment especially, when it was released!

    Smart.

    Nothing wrong with that. It's a book.

    You either need a robust system that is developed by a very experienced smart person or people who are more experienced and better at devoloping such a system than you can hope to be or could do in a relativly profitable amount of time!!! But even then the art is you need to be able to stick to it through thick and thin!!

    In short you need to know yourself and play to your weeknesses and strengths in a counter entuitive environment that makes a mokery of your natural good business instincts.

    Almost, no one can trade profitably in a human untested unsystematic way.
    Which is something you need to know and use to your advantage.

    Starting with: I can't trade, I am the worst trader that ever lived.
    OK, so when I think I should aboslutly buy, I will short.
    When I think that price is rediculous it has just gone and gone and gone, I should short it - buy.

    You can be taught to bat but there aint many Bradmans, Buffets or Jobs.

    Investing on the other hand is different it has little to do with the market or trading day to day.

    So they say - risk reward for short to medium term trading - 90% chance of losing 10% chance of winning.

    Gonna take that trade?
     
  7. Garpal Gumnut

    Garpal Gumnut

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    Some folk put too much thought in to trading, read too many books like Bedford's and go to too many courses.

    They are chasing the holy grail.

    The retrospectoscope is a flawed instrument and tied in with the self help industry, as tech/a alluded to, is a recipe for disaster.

    The industry tells you when you should have entered, and could have and would have profited.

    Then they suggest you set unrealistic goals.

    It is called goalodicy.

    You are so caught up in attaining the goal that you lose sight of the present, the time, when you need to enter or leave a trade or investment.

    Ask the Storm Financial folk about it.

    gg
     
  8. tech/a

    tech/a No Ordinary Duck

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    My take is that examples of Long term profitable methods along with interviews with long term profitable traders
    presented the "Holy Grail"
    But when you actually look at what makes the profit its not all that Holy.
    Hence "Unholy Grails" I've never asked him but will.

    I dont know why people see this as so hard.
    You have a blue print of results through back testing/Out of Sample testing and eventually Forward testing.
    If its trading outside of the blue print then you stop trading it!!

    Think Ill change my name to almost!

    You dont have to be.

    You dont have to be in the 90% take care of your own R/R and everything else will fall into place.
     
  9. Bill M

    Bill M Self Funded Retiree

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    Re: Anyone attending Louise Bedford mentor program 2013 & paid $15,000?

    Never heard of her, I think I put my 15K to better use.
     
  10. notting

    notting

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    My take on it from the cover was whatch out for the Big sharks and BS loss promises and methods, they are everywhere. If you bother to read the back of the book there you may get a different take - the promise of a simple methology. Then the perception of the book changes I guess. Just not sure if you'd get that far.
    My questioning of the book from the cover picture along with the title kind of makes me think if you didn't know Nick's approach, you'd think it was a book on disasters and so on in the market. 'Roads to Hell' would be my alternative name.
    Not what the pumped up wanna be trader would be attracted to. 'I'm no goose,' thinks he.


    Yes you do.
    People second guess the robust system and make the same mistakes as they do when trading normally.
    They can't stick to the system they think maybe they can beat it or can't stick to it when getting chopped up in a losing period, or press the button when a trade seems crazy, .

    People don't suddenly become a machine to operate the machine, they have to push the buttons, (in Australia any way). Or you can pay a lot more to have one of Nicks team press the buttons for you whilst you hit a little white ball around to stop yourself meddling.

    So true.
    Pay Nick, dance when your told to and save a fortune in time and money trying to work it all out yourself.
    But why would you trust a robust system like Nicks Growth Protfolio to begin with, without knowing it's hard for a begginner to beat let alone a seasoned servivor, unless you've been down the road to the Unholy grails and don't want to go down again!

    'Maybe that book will make me feel better about what's happened to me!' especially during slaughterhouse period like the GFC.
    Hence the title, me thinks.

    Those that can R/R their own way using higher probability entry points or stick to the system, or have a bradman like talent - part of the 10%
     
  11. tech/a

    tech/a No Ordinary Duck

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    Well Nicks answer below.

    Classic Radge!

    Click to expand.

    Un Holy.gif


    Nah still dont get it.
    I find it really easy--hence I dont get it.
    I must be a truly special DUCK.
     
  12. notting

    notting

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    Think you might be. Quack.
     
  13. wayneL

    wayneL Rotaredom

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    Isn't Radge a spruiker too?
     
  14. wayneL

    wayneL Rotaredom

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    But... top title for a trading book, despite my opinion of him.
     
  15. tech/a

    tech/a No Ordinary Duck

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    This opinion

    Developed from personal contact with the man

    Or

    ??????
     
  16. wayneL

    wayneL Rotaredom

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    I'm sure everyone, including you, has opinions on people they've never met, but I have actually met him....

    ...then of course there is interaction via various fora over the years.
     
  17. tech/a

    tech/a No Ordinary Duck

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    Tall poppy syndrome is alive and very well.
     
  18. notting

    notting

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    I've met him and his partner. She's absolutely lovely and he carries no airs about himself and is offering a valuable service at a reasonable price. The reasonable price is what I am greateful for. Unlike the cow in the title of this thread.
     
  19. wayneL

    wayneL Rotaredom

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    That's a Non Sequitur Tech/a and you have zero basis for saying that.

    I am sorry if you are offended that I have reservations about your mentor's character, but it is based in my experience.

    But FYI, I have no challenge with Radge's education program. I think it is good and I have not criticized the information. It is about his behaviour on this site, and elsewhere.

    Why are you happy for people to criticize other spruikers here (and participate mightily yourself), yet get all huffy when your own spruiker cops a minor sleight?

    Hypocrisy??
     
  20. nulla nulla

    nulla nulla Positive Expectancy

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    A cage fight, so early on a Sunday morning. Pulls up deck chair, prepares munchies and drinks, rolls a number. Bring it on, i'm ready to be entertained. :)
     
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