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Trading Pursuits

Discussion in 'Trading/Investing Resources' started by moneydreamer, Aug 23, 2005.

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  1. Gunslinger

    Gunslinger Don't fear the Reaper

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    Re: Family addicted to schemes/spruikers - This time Platinum Pursuits

    Did you read this?
    This I think is a very valuable thread as it explains very well the details of the strategy.
    Get them to have a read of at least the OP's thoughts since he's gone through the actual course.
    Given this, are they in a position to make decent money out of it and do they have the willpower to follow the rules effectively to make it successfull?

    Also,
    I personally wouldnt bother as they already see you as being negative and would be expecting you to come out of it espousing the wonders and recanting your earlier doubts. When/if you don't, they'll just put it down as you going in with a closed and negative frame of mind just to prove them wrong.

    :2twocents

    Good luck either way.
    JB
     
  2. Gillc10

    Gillc10

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    Re: Family addicted to schemes/spruikers - This time Platinum Pursuits

    Yes read this. Was good information. I am compiling a report for them with that information. Also trying to better present the risks of using covered calls. I'll get hold of the training materials to work out how their CFD covered call strategy works.

    My honest opinion is they should not be trading derivatives. They are great people who have their own strengths.. but they can't seem to grasp the fundamentals derivative trading so they goto these courses because the presenters make things simple.

    I think your very right.. can definitely see them saying I'm not open minded.. They are already saying i'm too closed minded for dismissing this thing without going to the course :banghead:
     
  3. Gillc10

    Gillc10

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    Re: Family addicted to schemes/spruikers - This time Platinum Pursuits

    Ruby, appreciate all the advice. Has given me a lot to think about!

    I can't see ASIC stepping in.. as long as they are qualified (my understanding is its not difficult at all to achieve this) and provide the necessary disclaimers (which as far as I can see they are) then its hard to say what they are doing is blatantly fraudulent.
     
  4. Ruby

    Ruby

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    Re: Family addicted to schemes/spruikers - This time Platinum Pursuits

    You are correct, unfortunately. ASIC is a bit of a paper tiger and these people - along with all their crooked friends on the GC - know it. They just drive their Astin Martins and thumb their noses at us!
     
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