John Piper's Trading Protege Course.

This morning I recieved an invite from none other than John Piper to enrol on his course / seminar during which he would teach me to successful trade Binary Markets.
The sales letter has a very 'Snake Oil Saleman' feel to it and in 99% of cases I would throw this straight in the recycling bin. Not sure what made me stop and read this time!
I think it was the fact that JP was actually tutoring the course / seminar.

Just wandering if anyone else got this letter and what peoples thoughts are on the subject? Having read various books and news items written by JP I am drawn to what he has written since I respect him as a trader.

All thoughts and comments welcomed.

Steve.

Steve,

What's the cost?

Grant.

Is he not reselling someone elses course ?

I thought it was the Adam X Lunchtime Trader course that's been punted for the last year or so.

I could of course be wrong and mixing it up with something else.

I recently purchased a DVD from ClickEvents on the subject of Fixed Odds betting, partly on the strength of the fact that John Piper was one of the people being interviewed. I can only say that he and the other interviewees failed to convince me that Binary Betting is the way to go.

After John's groundbreaking first book, I am not quite sure what he has been up to. He wrote a second, lesser known book which purported to claim that it contained the instructions for making a million pounds (which if I recall in the interview he admitted that he himself had failed to get it to work!). He has now written a third book on Binary Betting.

Based on these interviews, I decided not to buy his book. If I were thinking of spending money on a training course with him though, I would probably read his new book first and then decide.

Hope this helps and all my purely personal opinions.

I thought J P was legit? Berkley futures, way 2 trade, schoolboy storytales of ,we are impossible to live going to we live in a world of abundance ?

Can only mean one thing, sell out and back handers ?

no John, WHY WHY WHY ??? hmmm is he into cross dressing now, perhaps feeling all liberated and free and thats why, why he charges such for such on todays market ?????

grantx said:

Steve,

What's the cost?

Grant.

Click to expand...

The cost is £2,395 and there is some kind of 'two for one' offer if you want to take a partner or friend.

The link to the sales letter is....

Welcome to JOHN PIPERS TRADING PROTÉGÉ PROGRAMME

I'm not promoting this course in any way - the link is purely so others can see what is being talked about.

Steve.

It appears he is so succesfull at it that he has decided to sell his secrets.

Steve,

I remember reading one of his sites. What a crock of sh1t.

£2,395? You could tell him to FO. Then again, there's one born every minute.

Any sucker that falls for this, deserves what they get. I despair at times.

Grant.

Hmmmmmm, Mr Sceptical putting his hat on over here.

I was doing equity/index option sales in the '80's.

John Piper was one of several tip-sheet providers and a pretty well known face in the private-client side of the industry at that time.

I met him a couple of times at various conventions etc.

1) I'm not convinced those guys in that link are the same as the gentleman I met 20 years ago.

2) "I traded right through the '87 crash with annual turnover exceeding £2 MILLION "
I never heard any stories of him making out like a bandit over the '87 crash.

Hi DB,

I met him a couple of times at various conventions etc.

1) I'm not convinced those guys in that link are the same as the gentleman I met 20 years ago.

2) "I traded right through the '87 crash with annual turnover exceeding £2 MILLION "
I never heard any stories of him making out like a bandit over the '87 crash.

Click to expand...

I know JP and I can assure you that the guy in the link is JP, although I've no idea who the guy with the laptop is.

I also know that JP has traded successfully in the past, which is way more than I'd ever be prepared to say for the likes of VS, Winters & Secker & Co - though I'll admit the style of the ad leaves alot to be desired.

HTH

Mayfly

This years nominees for the 2008 ?

mmm, even says he takes you for a drink after the course too. Spose it could be cunning to get you drunk and lift your plastic,?

Unless its vince or darren in drag actually outdoing "The profit lever" with "The John Piper Protege programme" hmmm I must admit it does carry a suggestive and titilating tease of a kinda gold plated ring to it.

joint first 2008 contenders then unless a poll happens to decide.

Joint 1st. "The profit lever" &"The John Piper Protege programme"

This years nominees for the 2008 ? What could they be called like the oscars but not might be an anual event that gathers pace... hmmmm

Mayfly said:

Hi DB,

I know JP and I can assure you that the guy in the link is JP, although I've no idea who the guy with the laptop is.

I also know that JP has traded successfully in the past, which is way more than I'd ever be prepared to say for the likes of VS, Winters & Secker & Co - though I'll admit the style of the ad leaves alot to be desired.

HTH

Mayfly

Click to expand...

Fair enough (it was 20 years ago!), I retract my previous statement unreservedly

Crap Buddist said:

mmm, even says he takes you for a drink after the course too. Spose it could be cunning to get you drunk and lift your plastic,?

Unless its vince or darren in drag actually outdoing "The profit lever" with "The John Piper Protege programme" hmmm I must admit it does carry a suggestive and titilating tease of a kinda gold plated ring to it.

joint first 2008 contenders then unless a poll happens to decide.

Joint 1st. "The profit lever" &"The John Piper Protege programme"

This years nominees for the 2008 ? What could they be called like the oscars but not might be an anual event that gathers pace... hmmmm

Click to expand...

I'm old enough to be his grandson's protege.

Split

Generally speaking I am always very sceptical of any of these kinds of offerings because I immediately question whether the individual concerned really makes money from trading. In most cases, once you see around the ‘smoke and mirrors’ of the sales letters it becomes obvious that more money is being made from ‘teaching’ than from ‘trading’. Personally I’ve seen most of what has been offered down the years. Second hand DVD’s and the such of these ‘trading days’ are ten a penny on ebay from time to time. I bought a whole batch for £12 once. The content was very poor and in no way tied in with what was claimed in the corresponding sales letters.
I’ve also attended a few seminars and those have also been completely over hyped. Most of these occasions are taken up with explaining simple market mechanics rather than explaining the methodology behind a winning strategy.

In total I have been to around six or seven live events (only ever paid for one! (£135)). In each of these events so called ‘Live Trading’ was taking place. On every occasion I have closely followed events taking place and I have to report that I have never seen any money being made! On every occasion the system vendor or teacher lost money. On one occasion the tutor lost money but claimed that if he hadn’t been teaching and trading (at the same time) then he would have won!

In JP’s sales letter he also claims that live trading will be taking place. For me this is the real test. At the end of the day it doesn’t matter how complicated or simple a system is; for it to be considered a success it must achieve regular profits.

I have contacted JP’s admin staff for more information on this matter. It will be interesting to see how they respond. They have promised a phone call back.

Steve.

jonpipers website said:

It doesn't really matter what you'd do (or not do!). Because when you're making a consistent £5,000 to £10,000 TAX FREE every month from Binary Trading you only have to "work" about 10 minutes a day!

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10 minutes a day. If only. I spend eight hours a day trading binaries. Its hard work and quite stressfull due to the high gamma going into expiration. And then there is the increased level of cheating (bet rejections) by the bookies when they realise you are one of those who can consistently beat them..

From the sound of things this guy is just another snake oil salesmen who is selling dreams to the gullible. It sounds like he is targetting newbies who dont have a clue. Almost certainly a waste of time and money for anyone with experience of trading. And an expensive (ripp off) introduction for everyone else.

stevespray said:

I have contacted JP’s admin staff for more information on this matter. It will be interesting to see how they respond. They have promised a phone call back.

Steve.

Click to expand...

yeah worth sniffing about to try and obtain facts or get better picture. It would be also interesting to know if its just a case of J.P. cashing in on the marketing and NLP advert stuff to maximise his profits from flogging his method,know how.

Cheers for the info.

stevespray said:

In JP’s sales letter he also claims that live trading will be taking place. For me this is the real test. At the end of the day it doesn’t matter how complicated or simple a system is; for it to be considered a success it must achieve regular profits.

Click to expand...

A charlatan could trade 'in the money' binaries with a stragegy that gives a very high chance (80 or 90%) of making money on the seminar day but is either loss making, breakeven or at best only slightly profitable in the long run.

Welcome to JOHN PIPERS TRADING PROTÉGÉ PROGRAMME

DB,

Better sceptical/cynical than naive.

So he worked for Berkeleys. I had the misfortune to use these jokers prior to direct trading. They would ask you twenty questions before putting the order through. And they were slow.

Now why would JP be offered a postion with them? Nothing to do with the fact he had a potential client base of suckers in the hundreds (thousands)from his various ventures, was it?

If he was that good, he'd be running discretionary funds.

Diogenes.

grantx said:

DB,

Better sceptical/cynical than naive.

So he worked for Berkeleys. I had the misfortune to use these jokers prior to direct trading. They would ask you twenty questions before putting the order through. And they were slow.

Now why would JP be offered a postion with them? Nothing to do with the fact he had a potential client base of suckers in the hundreds (thousands)from his various ventures, was it?

If he was that good, he'd be running discretionary funds.

Diogenes.

Click to expand...

Yes, you have a point. I read his first book and there were some points in it that I use, even now. Everyone knows something. don't they? He has always associated himself with Berkeley Futures but, if he is a successful trader, I would have thought that that he would be a loner.

Split