Alan Rich new scanner

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Old Jul 5, 2012, 8:37am   #61
 
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Re: Alan Rich new scanner

this thread is about poor trading educators, what about the good guys, do we have a thread for the decent educators
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Old Jul 5, 2012, 8:47am   #62
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Re: Alan Rich new scanner

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this thread is about poor trading educators, what about the good guys, do we have a thread for the decent educators
There are none so it would be a boring thread.
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Old Jul 5, 2012, 8:48am   #63
 
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Re: Alan Rich new scanner

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this thread is about poor trading educators, what about the good guys, do we have a thread for the decent educators
do you know any? Ive been trading 16 years and have not come across any that I believe can trade or offer value for money. Everything is available on the internet and the hardest bit of controlling your emotion during a trade cannot really be ever taught. If anyone claims they know of a good guy or training Ive always politely asked them to back it up and so far they never have. Trust me when I say the bigger the name the less likely they are to be any good
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Old Jul 5, 2012, 9:12am   #64
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Re: Alan Rich new scanner

Doing just a little research on AR reveals that his teaching skills leave a lot to be desired- most people have been disappointed at the "education" received.
Seems that the only good thing Alan provides on his training day is plenty of tea and coffee. Maybe if you take your own refreshments you may get a discount-- say 99.99999% of his fee?
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Old Jul 5, 2012, 9:44am   #65
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Re: Alan Rich new scanner

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What made you think all this time that he wasnt credible?
Although I'm naturally quite cynical, and quite dismissive of trading educators, I always used to set aside a few quid each year for "trading education". I haven't spent anything for a while, but there's a couple of courses that I will probably attend at some point if I find the time.

If I go back a few years both Alan Rich, and Mr Charts where kind of shortlisted as potential educators that I might check out. I guess what I'm saying is they had me fooled too at one point.

As my own trading became more consistent, I started to notice that the reality of what I observed in my own results was diverging massively from the types of claims of these educators. I had good few years with returns in excess of 100%, and even a couple of years where I doubled that, but most of the time my equity curve would be treading water not really going anywhere. Even in the very best years I was only making new equity highs around 18% of the time

Mr Charts and Alan Rich never had a loser, but I had loads of losers, and yet, I still had fantastic returns. You then start to do a bit of maths, and ask questions such as if I could eliminate most of my losses what would my returns be, and the answer of course is you'd be astronomically wealthy. So basically the credibility of their claims where bordering on the ridiculous, when compared to reality.

Then I started to question the sort of lifestyle these people led, in comparison to myself, and that didn't really add up either.

I also started to notice that Alan Rich (and a few other vendors) where being very aggressively marketed, the whole t2w vendor circle jerk are mostly involved, and that sent up a red flag. I also know there's at least 2 vendors being promoted by that same sales team that have never taken a trade in their lives, and their C.Vs are almost indistinguishable from any of the other vendors being promoted by that group. I could say a lot more about this as I have inside info and know one of the vendors concerned extremely well, and consider him a personal friend, but he's not a trader (despite standing on a stage and telling people he is )

The point is there was a very good chance that in the past I might have paid for education form Alan Rich, rather than some other charlatan, it was the luck of the draw that someone else ripped me off first

I suppose that sadly one of the primary reasons that I might have selected Alan as a trading educator when I knew no better would probably have been due to his reputation at t2w, and that's one of the reasons why I'm quite critical of forums such as t2w and the role they play in promoting this stuff.
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Old Jul 5, 2012, 9:47am   #66
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Re: Alan Rich new scanner

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Originally Posted by be-positive View Post
richy,s email
Alan's Blog

The system caught this move this morning.

If you understand what you are looking for with regards day trading setups, when the system flags up whats going on you can sit back and cherry pick the best by knowing what you are looking for. Like the one shown below this morning.

In the course next week I shall be giving all these set ups along with how I get the best out of the system.
The cousre is just £495. There are no discounts for the original system traders only for new people who buy it a its recoomnded reatil price on the day. I'm sure you understand that.

But if you are serious and want to take advantage of not only learning more about the system but aslo what charting set ups give me the most profit. Then get in touch with me and I'll arrange your place on the course.
omg how many will pay up to see a £495 scanner and then told the sytem cost £??????
scanner costs £2495
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Old Jul 5, 2012, 9:50am   #67
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Re: Alan Rich new scanner

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Then I started to question the sort of lifestyle these people led, in comparison to myself, and that didn't really add up either.

.
Reminds me of Stephen Sutherland, the 'Liquid Millionaire', previously known as 'Filthy Rich Investments'.

Lives in a semi in Oldham.
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Old Jul 5, 2012, 9:58am   #68
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Re: Alan Rich new scanner

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Originally Posted by the hare View Post
Although I'm naturally quite cynical, and quite dismissive of trading educators, I always used to set aside a few quid each year for "trading education". I haven't spent anything for a while, but there's a couple of courses that I will probably attend at some point if I find the time.

If I go back a few years both Alan Rich, and Mr Charts where kind of shortlisted as potential educators that I might.................
You seem to go about this business the same as me. I also put aside some money for "education" each year. Altho given my last 2 experiences, this money will now be spent more wisely.

I always figured that if this guy is trading and seems legit, why not go and see what all the fuss is about.... and I've done that on a few occasions. Sadly, everyone has been a disappointing experience.

Personally, I can only manage at best, 10 months out of 12 positive. I can never better this stat of mine. I've had 2 losing months a year since 2007. Yet these guys NEVER (MrCharts excl) have a losing trade...... yet, they still have the time and inclination to keep up appearances on t2w and whatever...

Like you say, the sums dont add up.

Nicely put words Mr Hare.

Last edited by D70; Jul 5, 2012 at 10:25am.
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Old Jul 5, 2012, 10:00am   #69
 
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Re: Alan Rich new scanner

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Originally Posted by andyibet View Post
scanner costs £2495
So let me get this right....

This scanner is 2 and a half grand and not only is there no demo/free trial - you have to pay 500 quid to find out what it does?

Who the fnck buys into something like that?
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Old Jul 5, 2012, 10:09am   #70
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Re: Alan Rich new scanner

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this thread is about poor trading educators, what about the good guys, do we have a thread for the decent educators
There was one, but they sold it to the Internet Museum of Astonishing Curiosities.

It's now one of the star exhibits. If you want to go and see it, it's titled "The World's Shortest Thread".
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Old Jul 5, 2012, 10:10am   #71
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Re: Alan Rich new scanner

D70 & the hare,
I'm very surprised at your respective statements that both Alan Rich and Mr. Charts claim never to have losing trades. That's certainly news to me, especially in the case of Mr. Charts, as he makes a point on his thread of saying that he has plenty of losers.
Tim.
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Old Jul 5, 2012, 10:22am   #72
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Re: Alan Rich new scanner

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D70 & the hare,
I'm very surprised at your respective statements that both Alan Rich and Mr. Charts claim never to have losing trades. That's certainly news to me, especially in the case of Mr. Charts, as he makes a point on his thread of saying that he has plenty of losers.
Tim.
Correct, Mr Charts does show the occasional losing trade.

He does not have anything like the number of losing trades that I do (and he uses a much tighter stop), nor he does not have anywhere near the number of losing days that I do. That's obviously because he is a far better trader

I know what I make, and I know what my equity curve looks like, and I know what a lot of other traders equity curves look like too
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Old Jul 5, 2012, 10:24am   #73
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Re: Alan Rich new scanner

Timsk

You seem to take it personally when someone criticises these two "characters"-(particularly Mr Charts) any reason why?

I would agree that there have been times when they have "admitted" to having had losers but it is pretty rare.

Based onthe results they have posted on these boards over the last ten years and given their success rate wouldn't even you agree that these results are slightly suspect?
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Old Jul 5, 2012, 10:26am   #74
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the hare

What makes you think Mr Charts is a far better trader?-- tongue in cheek remark i hope!
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Old Jul 5, 2012, 10:28am   #75
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Re: Alan Rich new scanner

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Originally Posted by timsk View Post
D70 & the hare,
I'm very surprised at your respective statements that both Alan Rich and Mr. Charts claim never to have losing trades. That's certainly news to me, especially in the case of Mr. Charts, as he makes a point on his thread of saying that he has plenty of losers.
Tim.
Post corrected.
Mr Charts specifically does show the odd loser.
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