Ken Roberts WMPMM Course
Vince (UK)
Hi !
I have just subscribed to this course and my first impression is,
definitely looks very good.
I should be "Paper Trading" within the next few days.
Futures & Commodities are a new venture for me, at present I know next
to nothing and would therefore be interested in hearing from anyone
who has studied WMPMM with your thoughts and experiences.
Thanks
Vince (United Kingdom) ;¬)
Stephen O'Connor
living.
Kash Walayat
vi...@globalnet.co.uk (Vince (UK)) wrote:
>Hi !
>I have just subscribed to this course and my first impression is,
>definitely looks very good.
>I should be "Paper Trading" within the next few days.
>Futures & Commodities are a new venture for me, at present I know next
>to nothing and would therefore be interested in hearing from anyone
>who has studied WMPMM with your thoughts and experiences.
>Thanks
>Vince (United Kingdom) ;¬)
Good luck, most of the posts Ive seen concerning Ken Roberts have been
negative, though there must be some elements to his analysis that are
usefull, maybe if you stick to the simpler less esoteric
tools.........
Mr 50%
~~~~~~~~~~~~~~~~~~~~~~
~~ Time Tells Trend ~~ :)
~~~~~~~~~~~~~~~~~~~~~~
Anco S. Blazev
Hello Vince,
My wife has been doing a slight modification of Ken Robert's trading
method with very good, and somewhat predictable, results for some time
now. Ken's method is very simple, but in order to succeed in using it,
one must be a total believer in it, and very disciplined, methodical and
organized trader.
When I tried to do a "logical", and what I thought "smarter", change in
this method (showing my wife that I can do it better than her and Ken), I
lost $750 overnight. That's only to show that you either embrace the
method totally and go with it, or don't even start. As you can imagine, I
don't do trading anymore; living it all in my wife's more disciplined and
profitable hands.
In my opinion, and true to my own experience, only a few people could be
successful with this method, due to an inborn desire in most people (men
especially) to resist order and discipline, and to show that they are
smarter and better than anyone else.
Just an opinion.
Anco S. Blazev
Vince (UK) <vi...@globalnet.co.uk> wrote:
: Hi !
: I have just subscribed to this course and my first impression is,
: definitely looks very good.
: I should be "Paper Trading" within the next few days.
: Futures & Commodities are a new venture for me, at present I know next
: to nothing and would therefore be interested in hearing from anyone
: who has studied WMPMM with your thoughts and experiences.
--
Plato Rosinke
Vince (UK) wrote:
>
> Hi !
>
> I have just subscribed to this course and my first impression is,
> definitely looks very good.
>
> I should be "Paper Trading" within the next few days.
>
> Futures & Commodities are a new venture for me, at present I know next
> to nothing and would therefore be interested in hearing from anyone
> who has studied WMPMM with your thoughts and experiences.
>
>
> Vince (United Kingdom) ;¬)
Why don't you post what you're paper trading to give us all a taste :-)
Good luck, Plato.
Avatar
Vince (UK) wrote:
>
> Hi !
>
> I have just subscribed to this course and my first impression is,
> definitely looks very good.
>
> I should be "Paper Trading" within the next few days.
>
> Futures & Commodities are a new venture for me, at present I know next
> to nothing and would therefore be interested in hearing from anyone
> who has studied WMPMM with your thoughts and experiences.
>
> Thanks
>
> Vince (United Kingdom) ;¬)
This question like many similar questions get asked frequently. If you
want to know what others have said about KR's system or any other for
that matter, a good way to get more info than you want is to use the
http://dejanews.com search engine.
Regards,
Dave
--
"It's a good thing we don't get all the government we pay for!"
Mike Hancock
Vince (UK) wrote:
>
> Hi !
>
> I have just subscribed to this course and my first impression is,
> definitely looks very good.
>
> I should be "Paper Trading" within the next few days.
>
> Futures & Commodities are a new venture for me, at present I know next
> to nothing and would therefore be interested in hearing from anyone
> who has studied WMPMM with your thoughts and experiences.
>
> Thanks
>
skeptical thinking that it may be just another scam with a new angle.
Let me know how you do and if you would recommend it. Thanks.
Chuan Neng Lee
Plato Rosinke <p.ro...@worldnet.att.net> writes:
>Vince (UK) wrote:
>>
>> Hi !
>>
>> I have just subscribed to this course and my first impression is,
>> definitely looks very good.
>>
>> I should be "Paper Trading" within the next few days.
>>
>> Futures & Commodities are a new venture for me, at present I know next
>> to nothing and would therefore be interested in hearing from anyone
>> who has studied WMPMM with your thoughts and experiences.
>>
>> Thanks
>>
>> Vince (United Kingdom) ;¬)
>Why don't you post what you're paper trading to give us all a taste :-)
>Good luck, Plato.
I have actually "graduated" from the WMPMM course. My advice is:
save yourself US$200 and buy some good books on futures. Ken Roberts
makes his fortune selling his program, NOT trading futures. He has
a couple of good ideas (actually only one which I find original). I
could not in good conscience demand my money back from him because
it was my first exposure to futures trading and his paper trading
program was somewhat of a psychological support. (BTW this is about
1.5 years ago). Now being somewhat wiser, I know that he teaches
very little about futures and you end up following his advice
("any novice can trade") and feel rather foolish when the real
world doesn't work as on paper.
Moral: you'll learn very little from this course and charge into
trading being at the complete mercy of the pros (contrary to what
Mr Robert's hype may have you believe).
Enjoy the course! :-)
- Lee
Barrie L. Hemmings
Anyone tried or using the system by John avoncliffe. I have been paper
trading using his system for 3 months. Works great. Going live this week.
If any one is interested check out
http://www.foster.co.uk/clients/avoncliffe/
Barrie L. Hemmings
Thunder Bay, Ontario
Canada
Plato Rosinke
OK, "Thunder Bay", let's hear the joke! How did you find out in 3 month
that it works (consistently). But never mind. HOW will you do it in 15
minutes or less per day? -- BTW, paper trading means "quat".--
Regards, Plato.
Roland Kramer
Barrie L. Hemmings wrote:
>
> Anyone tried or using the system by John avoncliffe. I have been paper
> trading using his system for 3 months. Works great. Going live this week.
> If any one is interested check out
> http://www.foster.co.uk/clients/avoncliffe/
>
> Barrie L. Hemmings
> Thunder Bay, Ontario
> Canada
Yes, and of course you never miss a deal when paper trading, and always
get executed at the suggested level (I guess? or not??)
Roland
J. White
J. "Kick the Ken" White
Jim Bodie
Good response. These are my impressions also. Not only can you wind up
feeling foolish, you will probably also wind up feeling considerably
poorer.
-----------------------------------------------------
Jim Bodie email: jbo...@compusmart.ab.ca
J. White
Barrie L. Hemmings wrote:
>
> Anyone tried or using the system by John avoncliffe. I have been paper
> trading using his system for 3 months. Works great. Going live this week.
> If any one is interested check out
> http://www.foster.co.uk/clients/avoncliffe/
>
> Barrie L. Hemmings
> Thunder Bay, Ontario
> Canada
Looks like a new Ken Roberts-like scam is about to suck more victims
into the grindstone. Pity.
J. White
Tim Fragale
are trying to improve their income situation. Obviously, you werent
serious when you took the course, because you didnt apparently get it!!!
i'll bet you were so hung up on the hype (or Ken's writing style) that
you missed the content of the course! shame on you ! maybe you should
dust off that course material and try it from a different perspective.
Try the chapter on perspective to start, then use the instruction to
papertrade which i bet will be for your first time, ask for help if
necessary. Next you may be able to offer an opinion as a course
successeful graduate rather than a pompus failure.
Please offer your actual successes based on all of the other so-called
books you have gathered as suggested to the writer. I would be
intereChuan Neng Lee wrote:
>
> Plato Rosinke <p.ro...@worldnet.att.net> writes:
>
> >Vince (UK) wrote:
> >>
> >> Hi !
> >>
> >> I have just subscribed to this course and my first impression is,
> >> definitely looks very good.
> >>
> >> I should be "Paper Trading" within the next few days.
> >>
> >> Futures & Commodities are a new venture for me, at present I know next
> >> to nothing and would therefore be interested in hearing from anyone
> >> who has studied WMPMM with your thoughts and experiences.
> >>
> >> Thanks
> >>
> >> Vince (United Kingdom) ;¬)
>
> >Why don't you post what you're paper trading to give us all a taste :-)
Article Unavailable
William Kistrup
cn...@netcom.com (Chuan Neng Lee) wrote:
<snip>
>Moral: you'll learn very little from this course and charge into
>trading being at the complete mercy of the pros (contrary to what
>Mr Robert's hype may have you believe).
>
>Enjoy the course! :-)
>
>- Lee
>
Could you elaborate on what's wrong with Ken's program and why?
As far as the real world goes, historical price charts appear to be as
*real* as it gets.
What books would be good to read and why?
Thanx for any information.
William Kistrup
we...@mindspring.com
Chuan Neng Lee
we...@mindspring.com (William Kistrup) writes:
>Thanx for any information.
>William Kistrup
>we...@mindspring.com
I'll just point out two problems. I am sure others can come
up with more if you insist. Firstly, Ken Robert's system is based
on technical analysis. However, he teaches none of the rudiments
of technical analysis, and you are left guessing sometimes what he
means when he talks about trendlines etc. Of course, these are not
difficult guesses, but hey, they are not difficult to teach either
(so why not just do it!).
Secondly, Ken has the annoying habit of knowing how to make money
by selling you (presumably a novice), piecemeal, well-known tricks
and methods of the futures trader. You will find that your mailbox
gets a regular supply of "give me $95 and I'll teach you a few more
tricks" solicitations. If anything, I learned more about good
direct-selling than futures trading from Ken Roberts.
Good books? There are too many to count. Try "The Commodity Futures
Game" by Teweles and Stone, or "Getting Started in Futures" by Lofton.
The former because it is thick and boring but full of stuff, and the
latter because it is thin and easy reading. These are written by
people who are in the futures business, and instead of hype, they
relentlessly try to scare you away from trading. I am leaving out
a classic by Schwager because I simply haven't had time to read all
the good ones that I have found.
Good luck!
- Lee
redwo...@aol.com
you write -
Looks like a new Ken Roberts-like scam is about to suck more victims
into the grindstone. Pity.
J. White
so in your opinion, whats the correct way to get started in trading?
William Kistrup
cn...@netcom.com (Chuan Neng Lee) wrote:
<very reasonable dialogue snipped>
Thanx for your reply, Lee.
Any other traders have an opinion, good, bad, or indifferent, 'bout
Ken and his course? More reading recos?
William Kistrup
we...@mindspring.com
Frank Salvatori
"Barrie L. Hemmings" <bhem...@microage-tb.com> wrote:
>Anyone tried or using the system by John avoncliffe. I have been paper
>trading using his system for 3 months. Works great. Going live this week.
>If any one is interested check out
>http://www.foster.co.uk/clients/avoncliffe/
What is the system like? What commodities does it trade? What does "Works great"
mean?
Lenny Nimmerrichter
Redwood,
The only correct way to get started trading is with historical
market experience. Take time follow the markets very close.
make some predictions and see what happens. When you think you
got it use "protective stops" in markets with high volume 9000+ that
are fairly stable most of the time. Corn, eurodollar, bonds.
Watch how quickly these markets can change on you. You can
lose lots of money very fast. My first trades I lost $500.00
in ten minutes and still do more often than I like. As far as
I am concerned this is not easy money but I thought it would be when
I began. After a year of trading I still feel and am a green
beginner in this business. When you read the experts say you need
5 or 10 thousand to start they are not kidding. The average person
can plan on consuming that much money easy and they are learning
the business fast.
Good luck trading
Lenny
Jeffrey Short
William Kistrup <we...@mindspring.com> wrote in article
<327fb0e8....@news.mindspring.com>...
I am a new KR course member (second time around). Both times, I have done
well in paper trading, however this is the first time that I have had the
money to trade.
I just received his Workshop tape series and will be viewing it through the
week. Any opinions? Also any opinions on his Roundtable series (whats the
difference)?
I will admit that he has a good PR mind and has good advertising. I will
also admit that KR is not the ONLY way to trade futures. But, I believe
that it is a good first step.
Jeff Short
jsh...@mindspring.com
J. White
Lenny Nimmerrichter wrote:
> Redwood,
>
> The only correct way to get started trading is with historical
> market experience. Take time follow the markets very close.
> make some predictions and see what happens. When you think you
> got it use "protective stops" in markets with high volume 9000+ that
> are fairly stable most of the time. Corn, eurodollar, bonds.
> Watch how quickly these markets can change on you. You can
> lose lots of money very fast. My first trades I lost $500.00
> in ten minutes and still do more often than I like. As far as
> I am concerned this is not easy money but I thought it would be when
> I began. After a year of trading I still feel and am a green
> beginner in this business. When you read the experts say you need
> 5 or 10 thousand to start they are not kidding. The average person
> can plan on consuming that much money easy and they are learning
> the business fast.
>
> Good luck trading
> Lenny
At LEAST 5K to 10K! But money isn't the worst thing, ego is. KR makes
TA seem like an easy dream. People DO take 1K and turn it into 100K, it
does happen, but your odds are better to take that same 1K to the casino
and bet it all on red and let it ride (your risk is limited too!!). REAL
trading is not about money, it's about discipline and a love for the
"job". I love trading. I've been in this now for three years and also
consider myself a beginner.
J. White
Chuan Neng Lee
Tim Fragale <TFra...@pop3.concentric.net> writes:
>It's too bad folk's like you offer such negative feedback to those that
>are trying to improve their income situation. Obviously, you werent
>serious when you took the course, because you didnt apparently get it!!!
>i'll bet you were so hung up on the hype (or Ken's writing style) that
>you missed the content of the course! shame on you ! maybe you should
>dust off that course material and try it from a different perspective.
>Try the chapter on perspective to start, then use the instruction to
>papertrade which i bet will be for your first time, ask for help if
>necessary. Next you may be able to offer an opinion as a course
>successeful graduate rather than a pompus failure.
>Please offer your actual successes based on all of the other so-called
>books you have gathered as suggested to the writer. I would be
>interested in hearing your story and titles of other materials that lended to
>your success in futures trading.
>signed,
>A successful Ken Roberts Graduate.
Dear Mr Fragale,
Thanks for the undeserved flame. I would like to point out that I
am not in the habit of throwing away my money. You can be sure I followed
the course very carefully and paper-traded very carefully as well. I
am sad that you felt I was being pompous, I simply don't see why you
would feel that way from a sincere post.
You should realize that any course or system can have its share
of success stories. You only see the big picture when you hear all the
stories and see all the systems. No one can realistically see or hear
all of anything of course, but it is not helpful to deride those who
do not have your _luck_, but who do want to contribute to the story.
I wish you continued success and do sincerely hope that you'll
share your trading success stories in the future.
- Lee
Russ Pratt
In article <327edd33...@news.mindspring.com>, we...@mindspring.com
(William Kistrup) writes:
>Could you elaborate on what's wrong with Ken's program and why?
>As far as the real world goes, historical price charts appear to be as
>*real* as it gets.
In my opinion, the problem for a beginner is:
(a) you have to learn the basics (margin accounts, point value, limit
days, FND, picking a broker, placing different kinds of orders, setting
stops, money management, etc.),
(b) you have to find a winning trading method that matches your
personality,
(c) you have to research to find out if the method you trade actually
works (back test, paper trade, Futures Truth (for computerized trading
signal systems), talk to others, etc.),
(d) you'll have to learn how you'll react with money on the line in a
variety of situations (drawdowns, fear, greed, #winning trades vs losing
trades, multiple limit against you days, etc.) and you'll have to develop
a certain amount of discipline.
Ken's course gives you some of the basics but is weak on money management
(questions like: if you risk $1000 stops with a $5000 account, how many
losing trades in a row could you suffer before you'd have to stop trading?
Am I overtrading? Given my account size which contracts should I trade and
what should my maximum risk be per trade?), broker selection ($100
commissions?), winning trading method (try tracking the Alert Line for a
two years, talk to someone who has, or ask Ken for it), etc.
Just my opinion,
Russ
J. White
Tim Fragale wrote:
> It's too bad folk's like you offer such negative feedback to those that
> are trying to improve their income situation. Obviously, you werent
> serious when you took the course, because you didnt apparently get > it!!!
What's not to get?? Did you take a course in being pompous or does it
come naturally?
> i'll bet you were so hung up on the hype (or Ken's writing style) that
> you missed the content of the course! shame on you !
Shame on YOU! What "content"?? Ken's course makes you broker fodder,
unless you get real lucky.
> dust off that course material and try it from a different perspective.
> Try the chapter on perspective to start, then use the instruction to
> papertrade which i bet will be for your first time, ask for help if
> necessary.
Man you are a turd. I wouldn't say this normally but you are just plain
rude. Paper trading is NOT WORTH CRAP. It means nothing. I know many
paper traders who can't make a dime in the real world.
> Next you may be able to offer an opinion as a course
> successeful graduate rather than a pompus failure.
Realizing the danger behind Ken Robert's crap is not failure. Ken
doesn't even use the TWMPMM system.
> Please offer your actual successes based on all of the other so-called
> books you have gathered as suggested to the writer.
You too clown...lets hear about all the money you made trading 123's.
Did you hit a lucky trade? Do you consistantly take money out of the
market using Ken's method year after year after year?? If so you are
the ONLY ONE I have EVER heard of.
Get a life "Kennie".
J. White :(
Jeremy Poetker
> interested in hearing your story and titles of other materials that lended to
> your success in futures trading.
>
> signed,
> A successful Ken Roberts Graduate.
>
>
>
OK, forgive me if I sound confrontational, but let me respond, as someone
who also took the TWMPMM course. After reading your post, I have the
following suspicions:
1. You probably got your course very recently, within, say, 6 months.
2. You've been diligently paper trading and making some good profits.
(which EVERYBODY does)
3. You are not trading with real money, or if you are, you have not been
trading for more than half a year.
In the months right after I graduated from TWMPMM I thought exactly what
you thought. I had great profits on paper to back myself up. After
trading for real, however, I've discovered that it's not the same thing.
I'm not saying this to be negative, I'm saying it to be honest.
Unless you have a great trading record with money in the bank to back you
up, I'm with Lee -- Ken Roberts is a nice teacher who's fun to learn from
but the content is tiny. Dangerously so.
If you're still not convinced by my jabbering, the market will convince
you, eventually.
Respectfully
JCP
Steve Leong
J. White wrote:
>
> Tim Fragale wrote:
>
> > It's too bad folk's like you offer such negative feedback to those that
> > are trying to improve their income situation. Obviously, you werent
> > serious when you took the course, because you didnt apparently get > it!!!
>
> come naturally?
>
> > you missed the content of the course! shame on you !
>
> unless you get real lucky.
>
> > Try the chapter on perspective to start, then use the instruction to
> > papertrade which i bet will be for your first time, ask for help if
> > necessary.
>
> rude. Paper trading is NOT WORTH CRAP. It means nothing. I know many
> paper traders who can't make a dime in the real world.
>
> > successeful graduate rather than a pompus failure.
>
> doesn't even use the TWMPMM system.
>
>
> > books you have gathered as suggested to the writer.
>
> Did you hit a lucky trade? Do you consistantly take money out of the
> market using Ken's method year after year after year?? If so you are
> the ONLY ONE I have EVER heard of.
>
> Get a life "Kennie".
>
> J. White :(
Paper trading is not like real trading. The emotions are not involved
in paper trading. There is no rapid heart beat, sweaty palms and your
mind telling you to get out of your positions. I do belive that you
should get confidence in Ken Robert's methods you should back test
about 10 years of data with SuperCharts or Tradestation programs.
Steve Leong
Patrick Taylor Morgan
Try reading Jack Schwager's book On Futures Technical Analysis.
Andy & Mary Margaret Crespo
In article <19961206001...@ladder01.news.aol.com>,
brian...@aol.com wrote:
> Anyone who needs software for charting the highs and lows of the 123
> formations Feel FREE to send email after all the software is FREE
>
> Thank you,
> Brian
Hi Brian,
What software are you talking about and is it Mac friendly? Are you
trading KR's way's? How's it going for you? We some how slipped into day
trading and have gotten creamed!
Thanks, Andy