Saw this ad-My question-and your answer please!!!!

Gents,

I saw this ad.
please give your clever views based on personal experience.

----------------
the ad
----------
read this ad in local newspaper
"EARN 50000 PM and above -our proven successful online trading business.ideal for medium and big investors-traders.know how? attend seminar at Rs 300/- for 2 hours-entry on registration only- xyz research."
---------------------
ad is over

I send him two queries-
1)50000 pm with what capital outlay?
10laks? 5 laks?20laks?
2)with what system? HE GOT NO SOFTWARE
3)WITH WHAT indicators for medium term stocks buy/sell?
----------------------------
In 2 hrs seminar can anyone give us this kind of info?
you tell me the answers -stock investing

---------------------
Give your suggestions-dont get diverted or biased by what I gave below

Users of Amibroker, I know have got some vital formulae to bank on
1. support-resistance 2 levels
2.JiM bERG VOLATILITY formula
I got these two afl from rvlv,my guru.

thanks in advance for your time ,kindness and effort.
There is always another wonderful perspective-Let us investigate and learn from experienced seniors.- is my belief.

just ignore it. 300*1000 fools, make it a cool 300 grand per anum to him.

ss

1000 fools...I doubt it

not more than 50 ........

at most...

had he charged 10000 he would have a chance of attracting more people but 300 reeks of a scam

tch! tch! this scamster should read trout's positioning...does a beggar beg from other beggars?

Please send details, Thanks

Gullible & Greedy CV

We see on roadside a tent which has a quck who ofers medicines for piles, sex issues. These so called experts reminds me those ppl but of different level thast it

Gents,

As my friend said," you have asked-"I saw this ad.
please give your clever views based on personal experience."
my friend says
I will read the mind of each one that replies just based on what he writes.
You asked for clever and sensible views. What they write is the reflection of
their thinking-a mirror.
well mirrors all- all for you.

I told him "I am not bothered about umpteen replies with no sense or significance, I just wait for that one or two smart and clever points"
Looks like the answers are light years away.

I had a chance to find out few things,let me share those.
This is my mirror.
Question-1.
How much capital do you need for making 50k a month?
Expert:
Starts beating around the bush.
he says- your first priority is in capital protection. It depends on your psychological make up.
your success rate depends on your efficiency in implementing your trading plan and efficiency depends on descipline,and capability to minimising losses
---------------------------
My data shows pms managers make around 3 to 4 % a month provided they are alligned well with sensex/nifty /stock trends.
my experience with tech analysts indicates 2% a month is a reasonable income.average 4% over a year is possible.
PMS guys this year project income levels from 20% to 28% on year basis.
Mutual funds the best of the lot,top ten have shown 88% asset levels for those invested 100 units-in past few months.

At 4% a month,a 50 k NET income(after losses adjusted) needs minimum capital of 12.5 lacs.
If your capacity to minimise losses is excellent,May be you do it with 10 lacs rupees even.
Question-2
You said, proven trading system. what about it? do you use a software?
He questions-Do you make consistent profits every day?
If the answer is no, he says you must learn it and from me.
He does not use software. He must be using a crude method.
He is talking of some basics and rules for newbees in online trading. Whether he heard of AMIBROKER, is doubtful
He says his trading system may not work for me even.(not confident of his own proven system-x ray tells me)I understand -that means the system is not good enough if it fails to work for another person.

The story ends here as he summarises "If I teach you how to protect your capital,and train you how to trade online with patience and set rules, you will do it."

My view is trading is two parts-part-1 protect capital and part-2 make really good profits. May be you get me more focussed on loss control and I may end up making moderate profits(2%)

Pity is
make 50000 a month-you have placed an ad.really bold.
But if bombarded with a straight question, you have no ready answer.
The moment you say 12 to 15 lacs capital needed then all the birds fly and nobody would go to you except 3 or 4.

Summary
people can make money at your cost.
One thing you must accept.
If you are not able to make profits consistently,take a second look,get trained,get tested,in a live trading environment.Get corrected for repetitive mistakes you go on making.
it is worth paying 300 bucks for a psychological focus clinic-provided it can focus your mind on minimising losses and protecting capital.How to look for medium and long term high profit opportunities and set ups-needs as well to be a part of education.

A guy is teaching tech analysis for 5 days for 3000 bucks.
I asked his students how do u do charts? he replied by hand.
Dont you use a system or a software? no. We do it old way.
I asked do you go for classes in a hut? or cave? do you guys use stone age methods?


I follow only one thing-investigate.
I did my part. Before the topic started the plausible solutions were presented.Looking for more of them.
It has been a disappointment- i feel sorry-nothing new found.

Last hint for you guys -catch it if you can at the link below
http://www.triadformula.com/details/
closing this post here