Dear Eduardo,
The UGT trading pit is a small chatroom moderated by Jea Yu. This chatroom is full of seasoned traders trading a common method theme. In my opinion this is not a place for neophyte traders or even experienced traders without the proper attitude. These are seasoned traders in UGT. Seasoned traders have been broken down so many times by the markets that they are willing to throw out egos yet extremely well schooled in technical analysis with an arsenal of trading experiences to fall back on. These traders are there because they had pretty much exhausted themselves and their resources looking in all the wrong places and found sanctuary in a method that actually works. So this may be a stretch but in my opinion the caveat is that the qualities necessary for success at least in the pit if not overall are for the most part only present in seasoned traders.
You can tell the traders that won't last in the pit. You marvel at their enthusiasm but kind of chuckle because you know what's going to happen. They tend to talk too much, trade too much, and attempt to apply a cookie cutter mentality to the method. Nobody wants to hear take this setup but not this setup when they look identical to the untrained eye. But they're not identical and the losses begin to mount and even on the market calls made by Jea the less experienced traders will find a way to mess it up. So pretty soon these traders drop out and find their way to forums and other chatrooms bad mouthing UGT and anything else that didn't work for them while at the same time passifying themselves with the notion that they're right on the brink of a big breakthru that's going to give themselves consistent riches.
So that said I'd recommend UGT to a fellow trader because the method is solid and it's a first rate outfit. However only if they've acquired adequate experience as well as sufficient knowledge of technical analysis and dropped the neophyte attitudes so that they can actually see the positives of the method while at the same time take abit of a beating in the process. Otherwise it will be a waste of what probably will be a significant sum of money. Here's the Forbes review of the site http://www.forbes.com/bow/b2c/review.jhtml?id=1745 As the review says and you iterated in your first post the lingo is tough and speaking from experience it will take months to get a handle on and if you can't understand the lingo you will be absolutely lost in the pit.
Regards,
The UGT trading pit is a small chatroom moderated by Jea Yu. This chatroom is full of seasoned traders trading a common method theme. In my opinion this is not a place for neophyte traders or even experienced traders without the proper attitude. These are seasoned traders in UGT. Seasoned traders have been broken down so many times by the markets that they are willing to throw out egos yet extremely well schooled in technical analysis with an arsenal of trading experiences to fall back on. These traders are there because they had pretty much exhausted themselves and their resources looking in all the wrong places and found sanctuary in a method that actually works. So this may be a stretch but in my opinion the caveat is that the qualities necessary for success at least in the pit if not overall are for the most part only present in seasoned traders.
You can tell the traders that won't last in the pit. You marvel at their enthusiasm but kind of chuckle because you know what's going to happen. They tend to talk too much, trade too much, and attempt to apply a cookie cutter mentality to the method. Nobody wants to hear take this setup but not this setup when they look identical to the untrained eye. But they're not identical and the losses begin to mount and even on the market calls made by Jea the less experienced traders will find a way to mess it up. So pretty soon these traders drop out and find their way to forums and other chatrooms bad mouthing UGT and anything else that didn't work for them while at the same time passifying themselves with the notion that they're right on the brink of a big breakthru that's going to give themselves consistent riches.
So that said I'd recommend UGT to a fellow trader because the method is solid and it's a first rate outfit. However only if they've acquired adequate experience as well as sufficient knowledge of technical analysis and dropped the neophyte attitudes so that they can actually see the positives of the method while at the same time take abit of a beating in the process. Otherwise it will be a waste of what probably will be a significant sum of money. Here's the Forbes review of the site http://www.forbes.com/bow/b2c/review.jhtml?id=1745 As the review says and you iterated in your first post the lingo is tough and speaking from experience it will take months to get a handle on and if you can't understand the lingo you will be absolutely lost in the pit.
Regards,
