Let me tell you all about Teach Me To Trade OK. First off I would love to be the owner of this business model because it is an outstanding hustle. So here we go, this is how it is done.
I began my escapade at the free class in Tucson, Arizona and went on to the $199 three day seminar in Phoenix, Arizona. The three day seminar consisted of a Thursday, Friday, and a Saturday, starting early in the morning and lasting into the early evening.
On Thursday we went over many things. We discussed how 401k's and mutual funds can only make money in a bullish market (Up -trending market), that they cost fees, and on the average they under-perform compared to the market. And let me say this this stuff is proven you can look it up this part is true.
The seminar then moved into some success stories and I think they gave us one golden nugget or two of good information. However, the seminar transitioned to the fact we had no idea about this strategy and we would loose by using it. And this is probably true because they would give us a nugget of the strategy not the entire thing. This made me feel uneducated and that these guys knew what they were doing. Basically we were given strategies way over our head.
This is where their pitch comes in. Teach Me To Trade would pitch us on we are very uneducated about the market and in order to successfully use their strategies we would have to enroll into their University. I am going to tell you all this as well. Their University is expansive very expansive. Friday and Saturday was just more of the same stuff. Maybe one or two nuggets, success stories, and high pressure selling. But mostly high pressure selling of the University.
I want people to understand Teach Me To Trades approach is not the only one out there and probably not the most economic or efficient (hint hint). My Advice is if you are actually enthusiastic and exited to learn more about Wall Street learn it on your own. I repeat learn it on your own. Don't give away tens of thousands of dollars people. I recommend reading on the basics of Wall Street, Technical Analysis, and Option trading.
I am happy I was not hustled by Teach Me to Trade. I went into the seminar with an open mind and left with a new network of ambitious traders. We are reading books on the market and I am looking forward to placing my first option trade.
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