As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Sunday, 26 September 2010

Trading Courses – Does it work?

Borrow the idea from La Papillion


** "BIAS" is a special feature in my blog where I get to say whatever I want with scant regards for your feelings. I'm not politically correct in this feature, so go ahead, judge me."

Read older post? Why the guy was so talented, he has to give seminars?

Read? Trading Courses – Does it work?

Many so-called Gurus may not be that excellent in their own trading skills but have excellent marketing, selling, and presentation skills and able to continue to sell courses to gullible customers.

Read the following articles on the greatest Gann course and Gann Software and you may open up your mind

W.D. Gann is one of the most famous traders of all time, and has a huge devoted following - however the fact is, Gann never made the huge profits many of his disciples claim.


He did not have a success rate of 90%, as is often claimed - the logic his methods are based upon are unsound, and his predictive methods don't predict - they leave everything to subjective opinion!

Many sources quote Gann's trading profits at $50 million dollars, however this is not true.

An interview that Alexander Elder had with his son tells the truth.

Firstly, his son confirmed that when his father died in the 1950s his estate was valued at just $100,000 - and that included his house.

Secondly, his son confirmed that Gann was unable to make enough money from trading, and therefore supplemented his income by writing and selling courses.

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