Please forgive me for the long post!
If I recall, earlier in this thread, Guy indicated that since getting negative feedback about the style of marketing for his systems (having followed his publisher's/marketer's recommendations) he's thinking of changing it. It's quite possible that the ad copywriters took photos from an image site and stuck them alongside e-mail quotes from system users. That's not good but it doesn't directly reflect on whether or not Guy's system works (i.e. more profits than losses over time).
I'm probably as sceptical as most on here. My first response to anything that looks 'too good to be true' is to dismiss it outright and tell everyone else to avoid it. I don't believe in 'get rich quick' schemes. I have never knowingly fallen for a con in my entire life. Yet, having done literally days of research on GC's Flag Trader system, I can't find any negative feedback anywhere (from actual, paid-up users) which is quite astonishing.
Long story short, I've decided to give it a go. There's currently a 50% discount (this probably isn't a discount at all, but there's no way I would pay the supposed full price of a grand for this) and a 30 day free trial. Your direct debit for the purchase price isn't activated until the end of the 30 daytrial period, so you can cancel your DD (a couple of days before the trial is up, to be safe) and return the course material 'in any condition' and you've lost nothing. You've got your bank's Direct Debit guarantee if your money is taken improperly - if you've never used this guarantee before it's an almost immediate, automatic refund - so your money is completely safe. You can paper trade before chucking money at it, so I really can't see what I have to lose here.
I've got no connection at all with Guy Cohen or his publishers, etc. And I'm not expecting miracles. I just like the idea of a system which presents me with potentially great opportunities every day that I can then decide to trade or not. Yes, I know I could probably find some of these myself, but I'd rather pay someone else to do the hours of legwork here. It's as simple as that.
I'll let you know how I get on
Hi there, this is Guy ... apologies for not being on here for such a long time, and thank you for giving FlagTrader (FT) a try.
I want to address a couple of points that others have made recently on this board.
First, Agora are truly presenting FT at a 50% discount right now - the original price was £997, and FT now includes a big update with my OVI indicator and scanner. The OVI is a very cool piece of work that tracks options transaction data - but it's important to realize that FlagTrader is NOT an options product.
Second, we honour all refunds within a few days of the refund period, always have and always will. Agora are also generous in this regard in that if you're a few days late they'll still honour a refund. The same applies to me. This is one of the reasons why our feedback is so good. I think it's fair to say that people who engage with us only have positive things to say, even if they didn't gel with the system itself.
Customer service is something I'm very hot on, and we record all communications. Anyone who's dealt with us directly will only have positive feedback in this regard, and there's also plenty of good feedback about my systems themselves too. We are simply not allowed to make false testimonials and these do get properly vetted.
I realize that there are many unscrupulous operators out there. Unfortunately this creates problems for the good guys, but I guess it also means I try doubly hard to provide (a) great systems (which many out there agree I have) and (b) top class support.
One obvious and fair question is why create these systems and release them to the public? It's mainly a business decision based on the fact that R&D, software development and support is expensive and time consuming. Remember, for the OVI we're crunching hundred-of-millions of rows of data every night.
As for my trading methods, these are dynamic yet risk averse, based on sound trading principles advocated by some huge trading legends. What I've done is to create algorithms and courses to emulate their methods - this makes it easy for others to use, and we have a lot of success stories. My OVI indicator is endorsed by some of the top traders in the US, so it really is the real deal, but as we all know, trading is as much a mind game as it is a technical game.
This is where my trading plan comes in and this explains partly why we've had such good feedback. One thing I've noticed on here is that the little negativity that there is on this board is actually not about my methods or my customer support, but a more general (and totally understandable) cynicism about the industry itself. To the cynics, I'm with you! There's a lot of junk out there, but I've never heard or read anyone say that about my stuff.
Just a brief word about my trading plan. It allows for a quick partial profit on the first half of the trade, and a windfall on the second half. The latter will happen when a trend materializes. This is what drives up our batting averages, and in some cases we've seen several hundred percent in a matter of weeks. This only occurs when stocks are trending. When the market is churning you won't see those kinds of returns, but my trading plan keeps you pretty safe during those times too.
Is it possible to tell which market we're in, trending or choppy? Well the OVI does a pretty good job in that regard, but I can't claim that I or the system has any kind of hindsight. However, the trading plan I teach does a really good job of keeping you safe (and quiet) during the choppy markets, and getting you busier when the neat patterns start to show up.
Many systems really don't have a properly worked-out trading plan. The trading plan is all-important and mine is thorough.
The problem with many trading plans is that they have you either exit too early (which means you stay too long the next time!) or have you stay too long (and then you exit too early the next time!).
By taking partial early profits and staying in for the ride (should it materialize) we pretty much get the best of both worlds. But it does require the discipline of accepting you really don't know in advance what's about to happen next.
Those of you who receive my emails may think (positively!) differently because we've made some pretty good calls on the market. This is down to the composition of chart patterns in combination with my OVI indicator. This is what I teach you to do and many of my students report a far greater intuition with the markets after a time with me and the OVI.
Ok, I'm rambling now - many apologies, it's easy to get carried away!
The main point is to say hello to everyone here. I've never hidden from anyone and my contact details are available for anyone to get in touch.
I hope this helps.