Larry William's "THE MONEY TREE: THE WILLIAMS WAY TO WEALTH"
andrew
I would appreciate any comments from all of those who actually
have purchased the video course from BritishAmerican
Thanks
Andrew
Carey Barnett
I have purchased the course. And I've viewed it - five or six times. I
haven't seen the Ken Roberts or Jake Bernstein courses, but I've been
following the comments here. My take on the situation is this:
Roberts and Bernstein give you a system/method for trading the markets.
That is they say "Do this, do that, you'll make money." Williams says
"This is what I've found out about the markets over the years. Here are
some indicators and how and why I think they work. Now... go out on you
own and use what I've taught you." If you don't want to use your head
don't get the Money Tree course.
The guarantee with the course is that if, paper trading, you don't make
back the price of the course in three months you can have a refund. I
actually saw someone on the newsgroup who took advantage of this offer. On
paper, I made about $20,000 in the first three months, and averaged about
80% accuracy. Since then I've been a bit more cautious (real money and all
that), and am averaging about 87% on paper and 100% with my broker (Not
many trades, but 100% is 100% so why not shout it.). I actually anticipate
that I can do about 80% on average, and that the first couple of months
(That was one contract, by the way.) had a large element of luck - i.e.
anyone can make money buying in an uptrend.
The Short Form:
If you want step by step instructions don't buy this course. If you want
information and education do buy this course.
My hints about the course:
1. I think it helps if you understand the arithmetic underlying the
indicators. Notice I don't say 'math' - this is all pretty easy stuff.
You do have to bear in mind how an indicator is constructed to be able to
filter out the bad signals.
2. The book contains several things not in the video. I recommend viewing
the tapes once while taking notes. Read the book once while taking notes.
View the tape again in light of what you've just read, and amend your
previous notes. Start paper trading and continue checking to see if you're
applying what you've learned correctly. I view the tapes with the counter
on and make margin references to the counter so I can find particular
points in the tape when I want to look something up.
3. There's no hype in the tapes at all (Unless you count the 30-second
intro.), so don't watch them if you're tired. I imagine many people find
them pretty dry. Personally I prefer paying for content rather than hype.
I'm not saying they're dull. Williams is a good speaker, and the format is
completely appropriate to the subject matter. I think he taped a special
version of a weekend, or one-day seminar.
PS. I did have occasion to call with a question. I spoke to Larry
Williams himself. He WAS brief, but he did answer my questions well,
concisely, and pleasantly. I'll have to mail him a trout fly or something.
--
Carey Barnett
cbar...@idirect.com
http://www.idirect.com/users//cbarnett.html
"Burned bridges don't even make good firewood."
Yeah.... I know about charcoal. Gimme a break!
andrew <and...@ldn2.execulink.com> wrote in article
<52h5a9$b...@falcon.ccs.uwo.ca>...
ow...@davies.mv.com
> cbar...@idirect.com ("Carey Barnett") writes:
> I have purchased the course. And I've viewed it - five or six times. I
> haven't seen the Ken Roberts or Jake Bernstein courses, but I've been
> following the comments here. My take on the situation is this:
(remainder truncated)
Sounds interesting. Who is marketing this program, and how much do
they want for it? Please supply the address (email and snail) and
phone number, if possible.
Many thanks.
Gregory L. Meadors
In <01bbad50$1c0ca400$895588cf@careybar> cbar...@idirect.com ("Carey
Barnett") writes:
>
snip
>On paper, I made about $20,000 in the first three months, and averaged
>about 80% accuracy. Since then I've been a bit more cautious (real
>money and all that), and am averaging about 87% on paper and 100% with
>my broker (Not many trades, but 100% is 100% so why not shout it.). I
>actually anticipate that I can do about 80% on average, and that the
>first couple of months
I don't get it, according to Commodity Traders Consumer Report,
Larry's recommenations are down 50% based upon using 2 times margin
for the last 12 months. Down 50% is not exactly the "Way To Wealth".
Greg
Market Systems Newsletter
http://ison.com/mktsys/
#1 Methodology Showdown Trading Contest
#1 August Commodity Traders Consumer Report for Stockmarket
Jim Bodie
Carey Barnett wrote:
>
> I have purchased the course. And I've viewed it - five or six times. I
> haven't seen the Ken Roberts or Jake Bernstein courses, but I've been
> following the comments here. My take on the situation is this:
>
> That is they say "Do this, do that, you'll make money." Williams says
> "This is what I've found out about the markets over the years. Here are
> some indicators and how and why I think they work. Now... go out on you
> own and use what I've taught you." If you don't want to use your head
> don't get the Money Tree course.
>
> The guarantee with the course is that if, paper trading, you don't make
> back the price of the course in three months you can have a refund. I
> paper, I made about $20,000 in the first three months, and averaged about
> 80% accuracy. Since then I've been a bit more cautious (real money and all
> that), and am averaging about 87% on paper and 100% with my broker (Not
> many trades, but 100% is 100% so why not shout it.). I actually anticipate
> that I can do about 80% on average, and that the first couple of months
I also bought the course, and Carey is right on the money, IMO.
-----------------------------------------------------
Jim Bodie email: jbo...@compusmart.ab.ca
andrew
ow...@davies.mv.com wrote:
>Sounds interesting. Who is marketing this program, and how much do
>they want for it? Please supply the address (email and snail) and
>phone number, if possible.
>Many thanks.
British American
P.O.Box 219
Georgetown, Ontario L7G 4Y5
Phone: (510) 820-4700
Fax: (510) 831-0644
E-mail address not available
Debra Bergamini
I bought into the course. The concepts made a lot of sense to me and
during the paper trading period I made a little money with it. However,
since then, I have been losing money using these concepts.
If someone would like to try it for themselves, I'll sell my copy
for $75, postage paid.
Gunter Kaiserauer
Looks like we have a typical case of "it worked on paper, but in not
in real trading". On this news group, we have had so many discussions
about
this subject, whether to trade on paper or not, how much trading on
paper
is enough and how much is too much.
Debra, I haven't read this course, but I have heard some favorable
comments
about it. I wouldn't give up that quickly. There are probably some
usable
ideas in this course, and it is just a matter of finding a way to make
these ideas work for you.
You should have a talk with your broker, or a person you know who is
familiar
with trading and trading systems. If that still doesn't work, then sell
the
course.
Good Luck
Gunter Kaiserauer
James H. Maxey
I purchased the course which included a manual and video tape. The
manual was poorly organized and did not include a table of contents or
index which it really needed because the layout of material does not
present a logical path. I also purchased Larry's two books entitled
"The Definitive Guide to Futures Trading," Vol's I and II. I was so
confused trying to sort out the material that I made up a summary of
all three documents to try and define Larry's system. I still have not
figured the proper approach to apply the technical indicators in his
material, but do know that some of the indicators, as applied to
historical prices and patterns in the commodity markets, are fairly
accurate. Larry's main thrust seems to be in day trading the S&P 500,
which does require a lot of nerve and mucho green stuff.
James Maxey
Jason Pociask
Jim Bodie wrote:
>
> Carey Barnett wrote:
I have the slightly more comprehensive William's "Millionaires"
5-video course for sale at less than 1/2 price if anyone is
interested. All the original materials of course. Email me.
-JP