WallStreetHero
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met this guy at the london money show, looked like a clever guy who knows how to scam people. great lecture though
Has anyone taken this seven day program and now making larger and larger profits?
Wondering if its the same old wine in a new bottle.
I like the way they impose risk management on their traders with a maximum loss per day.
Velez Capital Management, LLC - A Private Equity Trading Group
I was at the free seminar last night, and all seemed good , better than what most of the other educational companies are offering. Most here are saying its a scam etc etc, but where should one go for good education and mentorship.
Most here say go alone, do it yourself, etc etc.. Yes that would take a long time, what if you do and miss alot of things out, then what. At least with education packs you know what u need to do to start off with instead of blindly going it alone not knowing what to do or where to start,
If not this, does anyone else recommend any education material to shorten the learning curve etc etc..
At least with VCM you trade their money, and prices do start from around $2k...
Any info appreciated.
The key attraction of companies like VCM for most of us would not be just to learn the recommended methods, but the fact that they might have enough funds to allow you to mess up in the early days and then get to a stage where their supposedly massive funds would allow you to break through and in time become more consistently profitable.
So I was just going to say that a search on Velez on Amazon would give you two or three books to learn the methods, but the attraction really is the offer of stumbling in the early days, but hopefully with them being sufficiently forgiving to allow you to eventually become a good trader.
But you can't determine how forgiving they're going to be, or how likely it is that you'll eventually become a competent trader, without paying the training fees upfront.
So it all seems a bit of an impasse really.
I'm also mystified by how difficult it is to get people who've been on these courses to report about their experiences on bulletin boards like these. You'd think they'd be encouraged to share their experiences, wouldn't you? Or am I missing something?
It's so sad that threads like these almost always end up just atrophying because we can't get access to truthful, reliable information.
It's most annoying and frustrating because their advertising is effective in getting us talking about it, and also seeing it, initially, as an interesting and plausible way to recruit traders, but then we end up all being disenchanted.
Velez is planning to go global, and London (plus China) are all on his list of target cities and countries.
Here in UK, Greg Secker is seen as an important "pay for mentoring" provider (although without giving you access to funds), and even with Sally Nicoll claiming his training revolutionised her profitability while trading (in her book "Bets and the City: Sally Nicoll's Spread Betting Diary"), still new potential recruits who go to the preliminary seminars are still not sure about agreeing to hand over the thousands to pay for it.
We really do need an independent trusted assessor, much like people look to "Which?" to report on the reliability of refrigerators and vacuum cleaners.
" I ... am a Level 3 trader, very close to advancing to Level 4."
People have asked for the information, why is that funny? I rarely visit here because of the smug, cynical, and belittling attitude many of these posts portray like the two above. As I said, this is for the people who want some legitimate feedback on the program. I wont waste any more time on you "senior and legendary members". We really do not care what you think. Over and out.
Let me put this categorically:
THIS IS A COMPLETE SCAM.
IF OLIVER VALEZ DISAGREES, HE CAN SUE ME. EVEN BEFORE JUSTICE EADY IF NEED BE.
Just out of curiosity arabiannights, are you saying Velez is a complete scam because you have been through the course and felt you have been cheated in some way? Or are you just basing this on your perception? Where did you get your information from?
Regards,
Kevin
Of course I have not been on the course as naturally I am not a complete moron.