Comments on T3B system as a trading tool

[1fast1]

cos they can earn more money this way?

 

Yes. And that should set alarm bells ringing in one's head that perhaps these trading schemes don't work as accurately, or as consistently as advertised. In other words, it's safer money for the creators of the scheme to sell their product than it is to actually put their product to use for themselves.

Edited November 30, 2009 by Turboflat4

[1fast1]

so guys conclusion

worth paying $3-4 K for this course

if some bros have attended and not their preview have you made money with their system

(derrick tan claims they will pay you back your course fee if you dont make money but provided you follow their system)

 

are there any other courses to attended (suggestion please thanks)

 

Be very careful with these money-back guarantees. There could be a hundred different conditions in the fine print. Anyway, even assuming you satisfy all these conditions, what protection do you have if they renege on their word (not saying they will - just "if")?

[1fast1]

but most financial magazines that I browse through when I at borders said people generally are moving away from buy - hold concept as it has been shown to be wrong in the recent times

 

Really? I think a lot depends on who "says" these things - don't forget that brokers don't earn much when you buy-and-hold. It's the active traders who net them real $$ from commissions. They win from all your trades, whether you win or lose. It's in their interest to keep you buying and selling the same stock or derivative, over and over again.

 

There are, of course, people who still believe "sincerely" in technical analysis and charting. To this, I have only one comment - so far, there has been no study that has conclusively demonstrated a winning technical strategy (outperforming market) when considered prospectively (forward time direction, not historical chart review) and applied rigorously (e.g. by computer simulation).

 

So far, there have only been a few risk-averse strategies that have been proven to give consistent positive returns. One of them is the strategy that's popularised by Burton G. Malkiel (A Random Walk down Wall Street) - that's buy-hold index-linked ETFs. I used to own Vanguard (Malkiel's company) VTI and VEU on DBS Vickers till I sold them recently with the upturn (since I anticipate the economy being shaky for a while, and I prefer to transfer money back into SGD shares).

 

 

[Little_prince]

if it's too gd to be true... it probably is...

 

you know how much the proprietry systems that companies like goldman is using costs??

 

 

[City100a]

Really? I think a lot depends on who "says" these things - don't forget that brokers don't earn much when you buy-and-hold. It's the active traders who net them real $$ from commissions. They win from all your trades, whether you win or lose. It's in their interest to keep you buying and selling the same stock or derivative, over and over again.

 

There are, of course, people who still believe "sincerely" in technical analysis and charting. To this, I have only one comment - so far, there has been no study that has conclusively demonstrated a winning technical strategy (outperforming market) when considered prospectively (forward time direction, not historical chart review) and applied rigorously (e.g. by computer simulation).

 

So far, there have only been a few risk-averse strategies that have been proven to give consistent positive returns. One of them is the strategy that's popularised by Burton G. Malkiel (A Random Walk down Wall Street) - that's buy-hold index-linked ETFs. I used to own Vanguard (Malkiel's company) VTI and VEU on DBS Vickers till I sold them recently with the upturn (since I anticipate the economy being shaky for a while, and I prefer to transfer money back into SGD shares).

many thanks for your enlightening comments

yes it is true

so you dont think this a bull cycle that we are in from your recent downloading of your etfs

[1fast1]

many thanks for your enlightening comments

yes it is true

so you dont think this a bull cycle that we are in from your recent downloading of your etfs

 

The off-loading of American stocks - not just ETFs, I also sold off my GOOG, AAPL and others which I'd bought when the stocks tanked last year - but not at their nadir- was driven by my intrinsic risk-aversion, rather than by anything really concrete and objective.

 

Basically, I don't believe in being "too greedy" - some greed is good and healthy and necessary, but keeping on banking on a bullish trend in this sort of climate is just asking for it. Many people will say (and I would sort of agree) that I sold way too early, but I'd rather sell too early and lock in a modest profit than sell too late and lock in a loss. Also, with US stocks, there is always the Forex risk to worry about - the USD/SGD really declined in the period I held the stocks on for, and shows no immediate signs of going back to its previous level, so I sold and converted. I worked out that I can hedge against this with a Forex trade (short USD/SGD), but this is an advanced strategy that I don't quite feel ready to try till I understand the risks. I lost money in options a long time ago when I went in without fully getting a "feel" for them (just learning the Black-Scholes model and understanding all the greeks doesn't come close to a real understanding of how options behave). So I didn't want to repeat that mistake.

 

I still have US stocks - mainly oil stocks, which I believe will blossom if the economy really tanks again. Anyway, these are "free" stocks - I've brought the money I invested initially back, with cash profit - and the money I have left in the US market is therefore "free" and I can afford to write it off entirely.

 

These are just my humble experiences - please don't read too much into them, follow your own strategy. If you're convinced these T3B guys know what they're talking about, then go for it. But remember, always paper-trade any new strategy before jumping in with real money. Problem is - you've already paid through the nose to be taught their grand strategy, so you're kind of locked in, which is why I don't like these schemes in general. At most I attend the free seminars to waste some time, I never pay up for the product.

[City100a]

The off-loading of American stocks - not just ETFs, I also sold off my GOOG, AAPL and others which I'd bought when the stocks tanked last year - but not at their nadir- was driven by my intrinsic risk-aversion, rather than by anything really concrete and objective.

 

Basically, I don't believe in being "too greedy" - some greed is good and healthy and necessary, but keeping on banking on a bullish trend in this sort of climate is just asking for it. Many people will say (and I would sort of agree) that I sold way too early, but I'd rather sell too early and lock in a modest profit than sell too late and lock in a loss. Also, with US stocks, there is always the Forex risk to worry about - the USD/SGD really declined in the period I held the stocks on for, and shows no immediate signs of going back to its previous level, so I sold and converted. I worked out that I can hedge against this with a Forex trade (short USD/SGD), but this is an advanced strategy that I don't quite feel ready to try till I understand the risks. I lost money in options a long time ago when I went in without fully getting a "feel" for them (just learning the Black-Scholes model and understanding all the greeks doesn't come close to a real understanding of how options behave). So I didn't want to repeat that mistake.

 

I still have US stocks - mainly oil stocks, which I believe will blossom if the economy really tanks again. Anyway, these are "free" stocks - I've brought the money I invested initially back, with cash profit - and the money I have left in the US market is therefore "free" and I can afford to write it off entirely.

 

These are just my humble experiences - please don't read too much into them, follow your own strategy. If you're convinced these T3B guys know what they're talking about, then go for it. But remember, always paper-trade any new strategy before jumping in with real money. Problem is - you've already paid through the nose to be taught their grand strategy, so you're kind of locked in, which is why I don't like these schemes in general. At most I attend the free seminars to waste some time, I never pay up for the product.

yes after reading your post i begin to develop doubts on the t3b system

thanks for your advice

 

[Drivelah]

Sounds like complete nonsense to me.

I have been 20+ years in the markets n have made substantial money.

IMO, anyone who charges a few K to teach ppl to trade only intends to become rich from being a "guru", not a trader.

The best traders aren't vain enough to pretend to be "supergurus" who can teach u to make millions if u just pay a few K to them. In the end the only one who gets rich is the fake guru---from your gullibility n your money.

Unfortunately there are lots of silly n gullible ppl around who will pay these fake gurus who cunningly pander to their desire to become rich. I have met some of these fake gurus n they r really utter krap as traders. The best traders aren't even interested in teaching, don't talk abt charging crazy fees for half-baked trading techniques.

Singaporeans are brainless if they want to pay money to these fake gurus.

[Clash016]

I just heard it and they said it is really a nice.Well i have a tools that i bought at http://www.tekniikkacenter.fi/ in Finland country and they are really awesome and i can say they are special on fixing bearing and other part of my car.

[EMG]

https://www.youtube.com/watch?v=CdRssk0GME0

T3B Trading System free for Amibroker 

[Cosmicclaw]

14 hours ago, EMG said:

https://www.youtube.com/watch?v=CdRssk0GME0

T3B Trading System free for Amibroker 

Wow. System still around after all these years !

[EMG]

@Cosmicclaw Now I use it myself because the member price is 420 SGD up to 661 SGD up to 50%.

And the information of many markets disappeared, leaving only 8 markets at present.