Have they made money?

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jamespp83

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I'm just wondering out of interest if anyone knows how much these two traders have made trading:Stan Weinstein and Alan Andrews? are they actually traders who have made lots of money or just book writers who have made a little bit.

thanks in advance
 
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1. Real big money is made by buying low and lots of it and then holding it and holding it till the trend dies for definite in fundamentally sound companies that show a lot of promise.

2. Good money is made by buying and shorting companies with good money management strategies.

3. Fair money is made by selling systems and books.

A good approach for most wealthy traders and investors is a mix of the 1st and the 3rd or the 2nd and the 3rd.

Almost all very rich investors earn their basics from teaching others and selling courses while their real stakes in long term investments are building up.

Investing and trading for a living or teaching to trade for a living are two different things.
 
shadowninja said:
And many simply do (3).
Click to expand...

New and young trading instructors probably do but it does not hurt to do number 1 as wealth builds up. You just have to wait longer.

Gets to show you. Short term or long term, there is no easy or quick path to riches in any business. Time and effort are required to build and sustain fortunes.
 
Guys I was just wanted to know how much these two traders have made trading and if what they teach actually worked for them or if they are all talk
 
Doomberg said:
Yes and its hilarious / laughable that some of the vendors that do the best from vending perform a max of about 5% a month
Click to expand...

There is nothing wrong with teaching and being a vendor. It is actually quite lucrative and acts as a great way to

1. Give you livable income to support yourself and your family
2. Increase your monetary stake to invest more in stocks which would eventually lead you to become very wealthy.

It is the waiting game that really hurts a lot.
 
safvan said:
New and young trading instructors probably do but it does not hurt to do number 1 as wealth builds up. You just have to wait longer.

Gets to show you. Short term or long term, there is no easy or quick path to riches in any business. Time and effort are required to build and sustain fortunes.
Click to expand...

You miss my point. Most do (3) on its own because they only lose money when they attempt (1) and (2).
 
Hi Everyone,

I am new at T2W but still have been working hard at being a daytrader... and that is the reason I would like to ask a reflecting question to you all, in order to help myself reflect on that too:

If you for any reason whatever it is,,, had a method to make money in the markets that and please I WILL NOT SELL YOU ANYTHING AT ALL I PROMISE :D , this is all about me :)

1. Would only need about 1 hours a week to do whatever you have to do
2. Would generate a yearly profit (non compounding) of around 30% on bad times and around 50% on good times... (this is yearly)
3. You can really use all the money you want in it, the issue being how much money do you have...

Would you keep persuiting the dream of being a daytrader????

The reason I ask all this is because I am banging my head as hard as possible to be a profitable daytrader while my more "long term" methodology is quite stable and makes me the above mentioned results... and this is dumb because maybe I got my daytrading expectatives totally skewed by the blatant sheer of marketeers outside ...

So instead of asking you what is a realistic yearly amount that a daytrader could be making... I would like to ask you what would you do if you were in my position....

I am really looking forward for your comments, opinions and ideas...
Thanks for taking your time with this...
Gustav

p.s: @shadowninja,,, your avatar I really love that youtube video!!!
 
Keep doing what you're doing and forget about daytrading, that's my opinion anyhow. If you can prove what you claim I imagine you could get funds from somewhere to trade bigger size.
 
gsmaster said:
Hi Everyone,

I am new at T2W but still have been working hard at being a daytrader... and that is the reason I would like to ask a reflecting question to you all, in order to help myself reflect on that too:

If you for any reason whatever it is,,, had a method to make money in the markets that and please I WILL NOT SELL YOU ANYTHING AT ALL I PROMISE :D , this is all about me :)

1. Would only need about 1 hours a week to do whatever you have to do
2. Would generate a yearly profit (non compounding) of around 30% on bad times and around 50% on good times... (this is yearly)
3. You can really use all the money you want in it, the issue being how much money do you have...

Would you keep persuiting the dream of being a daytrader????

The reason I ask all this is because I am banging my head as hard as possible to be a profitable daytrader while my more "long term" methodology is quite stable and makes me the above mentioned results... and this is dumb because maybe I got my daytrading expectatives totally skewed by the blatant sheer of marketeers outside ...

So instead of asking you what is a realistic yearly amount that a daytrader could be making... I would like to ask you what would you do if you were in my position....

I am really looking forward for your comments, opinions and ideas...
Thanks for taking your time with this...
Gustav

p.s: @shadowninja,,, your avatar I really love that youtube video!!!
Click to expand...

I have a proposition for you. If you tell me the technique for making 30% a year guaranteed, I will make that 30% and pay you 50% of my winnings. You won't have to put a single penny into this. So you can sit back doing your day trading, while I will just keep the cash coming to you, year in year out.
 
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Very interesting guys... thanks for your replies... well I never said it is guaranteed... but in the last five years including 2008 which was a really bad year for the market I managed to crank up a 30% return of course It required balls of steel though... the best year ever has been 80% up to now...

what is so sick about this is how little time I need to do it... I can work a full time job or do something else.. in fact if I had at least 500k already then I might not even be worried about all this... it just seemed to me that my ego and my inability to let go some of my oldest goals ever (be a great daytrader) dont let me think straight...

I would love to hear more opinions about what would you guys do!

Thanks for everything
Gustav
 
Real big money is only made on buy and hold type strategies. If you are buying and selling a stock or currency anything below a few months to a few years you are most probably getting *small profits* or *breaking even* or *in loss*.

It is as simple as that.

Investing in quality issues and buying c r a p loads of their stock and then just simply holding on to them *until* the trend dies is how you make money.

Anything that is told to you otherwise is horse s h i t.

Show me one billionaire stock or currency trader that has made money by doing day trading or short term trades. Virtually all billionaires in the world have very large amount of share holdings in public companies that they simply hold on to.

Reason less to say many billionaires are paper billionaires.
 
Back to my question.....so nobody knows how much stan weinstein and alan andrews have made trading?
 
Can't you send an email to them, as a prospective customer, and ask them how much they have made ?

At a guess, I reckon they make more money from training than trading. Otherwise they would be a bit dumb to do training.
 
Then ask how much they made from training. The amount of money they made from trading would be 50% or less of that. The company house keeps records on how much they made from training.
 
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