Hello every one, Was just wondering if any one out there has looked into or invested in Aussie Robs share program. We have just been to the Sydney seminar and I have never really considered the share marked before but found a lot of what Aussie Rob had to say interesting. That being said I am after some real life experiences of others who might have done his program and can inform me of what they think. I did find it very expensive and is out of reach for me at the moment but are about to finish up a reno deal and will be looking for different income streams. Cheers Darren
There are plenty of share training programs and other share stuff out there. I think you should do some more research. maybe take at least 6 months before you sign up for something otherwise you could be wasting your money.
I'm sure there are people out there who have done Aussie Robs course and it worked for them, but you need to really do your research and own due diligence before spending the type of money Aussie Rob wants you to spend. Has he made his money from trading himself, or charging other people for training?
Thanks for your input, appreciated. Part of my due diligence is this post for additional information regarding aussie rob. Have looked over the net etc but not to much on his product other than his own web site. He sells it well, like he should but the main thing is, is it as good as it sounds. Dont mind paying the money for a product that works and as you have said Dan42 does he earn his wealth through the training and program or from share trading? Hope fully someone on here has done it already and can inform us further.
As Terry says there are a lot of share trading programs or software out there. Definately do more due dilligence on these programs, try asking the same question on some stock trading forums like Hot Copper etc. Maybe you'll get a more specific response there. Buy a few Investment magazines etc and see whats around. Lots of crap out there.
myself and wife have been using the Aussie Rob system for 12 months ,its how we make our living. We run the trading as a business and average about a 30% return on our our capital PER MONTH, Its not a "share Trading system". You can trade forex(foreign exchange), commodity futures and US stock options. Successful trading is about trading probabilities and risk management. The aussie rob group provide the training and a software scanner to give you an edge in probabilities. If you are disciplined in risk management you will do well at trading( or real estate investing). We are using our trading profits to pay down personal debt and postion ourself for real estate investing before the market picks up again. Read The trading book by Mark Douglas "Trading in the Zone" if you are interested in trading, the human thinking insights will help with real estate investing too.
I also attended the Sydney seminar and was intrigued by Aussie Rob's trading system. His wife was on stage and made a few trades to show how easy it is.
My question is; Is short selling of shares legal in Australia.? My understanding is that it wasn't. I understand that he teaches you how to place your own trades (i think on the US market) and thus leaves the legal implications behind as not trading in Aus market.
Hello. in reply to airstrike- Aussie Rob doesn't really teach trading USA stocks directly but does teach trading options on stocks as it is safer and costs less for similar potential profits. Also remember they teach forex and commodities. Before learning to trade I only thought that you could make money if something went up in value but I have since learn't "shorting.(no it is not allowed on ASX shares at the moment)
In reply to patriot soldier. – I doubled checked our returns, they are actually averaging 34.2%/month to date. Some months are returning 80% and others are negative when we give back profits. You win only slightly more trades than you lose but through managing probabilities and $ risks you come out ahead. Casinos and poker machines work the same!! I dont care if you believe me or not I have nothing to gain or lose if you do or you dont.
Aussie Rob is also a passionate real estate investor and strongly suggests putting profits into appropritae real estate.
Make sure you invest in yourself so you can find bigger opportunities than you thought possible. My wife and myself have invested over $40,000 in mindset and wealth creation coaching in recent years(so far) and it has paid off many ,many times over.
To those people who have contacted me directly I hope you received your replies. Bye Shane Stenhouse
You win only slightly more trades than you lose but through managing probabilities and $ risks you come out ahead. Casinos and poker machines work the same!!
Can you clarify what you meant by this statement? Are you claiming that you can be a long term winner by playing casino games and the pokies simply through loss management etc or were you simply saying that's how the casinos etc make their money? Was just a bit ambiguous.
The only people who win at the casino/TAB are the shareholders not the punters (there are very few exceptional punters which is why the Casinos tend to look after them nicely).
The tote works by taking out a fixed percentage of the bet to cover its running costs and profits, the rest is shared between the winners/place getters and is funded by the losers. TAB wins every time (at least on the tote, different story for fixed odds betting though).
SNM, you are on the money. The reason i asked for clarification (i'm a card counter from way back to my uni days) is that it seemed to me that perhaps this Aussie Rob guy was making a comparison between share trading and gambling, in that money management and stop losses are the way to riches.
If this was the case then i would ignore EVERYTHING else he had to say as it shows a complete lack of knowledge of probability, risk, ROI and so on and without even a basic grasp of these concepts you have no place even trading Monopoly money, nevermind teaching others!
Look hate to point out you are wrong in this statement
I have since learn't "shorting.(no it is not allowed on ASX shares at the moment).
Shorting a stock on the ASX is certainly allowed with the exception of Finance and Insurance stocks where the ban still stands. There is no such ban on any US stock and i prefer the US market for the depth, range and volatitity in the market.
I spent the first 8 years of my working life as a Currency Trader on the market floor back in the 80's in the UK and loved every moment of it. Anyone who believes they can teach you in an online program on how to trade Forex & commodities is just having you on.
Both areas are dominated by the big private hedge funds and markets are manipulated.
Dont get sucked in on an expensive program when there is a lot of free information readily available.
Richard Taylor | Australia's leading private lender
Hello, Let me see if I can clarify my trading/casino/poker machine post.
All long term succesful traders have simple trading strategies that stack the odds in their favour. Casinos only offer games to punters that stack the odds in favour of the casino( successful card counters excepted). Poker machines are programmed to give back less dollars than punters put in or win( unless they malfunction, but the house probably wouldn't pay anyway). To be a consistent trader and survive long term you use strategies that stack the odds in your favour, if the odds aren't stacked in your favour don,t take the trade. You wouldnt take on a real estate deal unless the odds(position,price,overall market etc) are stacked in your favour would you. One type of option trade that could stack the odds in your favour in a bull market is a current month in-the money covered call. Now the price of of the underlying stock could 1. go up, 2. go down or 3. stay much the same. With this strategy if the stock goes up or stays the same price you make money, so you have a 2 out of 3 chance of making money. Plus you must do some anaylsis to determine if its highly probable that the overall market and the invidual stock are bullish to stack as much as possible in your favour, time decay is also in your favour. There are strategies for "bearish" situations. Of course your trade may go wrong so you must practice good risk management and only put a small amount of your fund at risk in any one trade.
If you didn't understand what I was talking about there are lots of companies offering options training plus as other "posters" have stated there is lots of free stuff on the internet.
I apologise for incorrectly stating that you cant short ASX shares only the financial types are restricted, I knew that but posted inaccurate info. If you think an aussie banks price is going to fall you COULD legally do a "bear call Spread" to potentially make a dollar. I personally only trade the US markets for the same reasons that QLD007 does!!
Aussie Rob's system is not "online training" It's a package of homestudy,face to face hands on training labs,online broker training ,a minium of 3 months paper trading/simulating plus one on one mentoring if you require it for as long as you may want. You also get processed data feeds that help you trade with the odds in your favour(just to clear that up)
Healthy skepticism is good but dont cringe fearfully behind untested assumptions, untested beliefs or misinformation from people who don,t really know. Get yourself educated in a full and accurate manner, learn about ALL the asset classes from the best you can find or afford. We and many in our network have real $ in real bank accounts from this approach. Personally I think trading is the perfect partner for real estate investors as it gives you more to time to look at more at real estate deals, the more deals you look at the higher the probability of finding really, really good deals assuming you know what a good deal is.
As this is a real estate site and I'm talking about trading I had better plug our patient host and say to to Steve McKnight that I am planning to do his RESULTS traing next year after some current training is finished
Sorry about the longish post but you know just respondin, 'just respondin. I am starting to sound like a sales person but it all only started with an honest answer to an honest question and people started calling me a liar!!!!!!! Shane Stenhouse PH 07 41598511 [email protected]
What’s the matter with all those people with negative comments when they’ve not tried the system themselves?
I thought many of you went to the Sydney conference and should by now have a different mindset than the average people?
Perhaps I’m wrong?
I have signed up to Aussie Rob and have been doing paper trading with vigorous reviews on my performance.
There are many different strategies that you can use in trading with ARLT, I have used some of the following:
1. Assuming unlimited resource
2. Assuming a fixed capital
3. Using stops and trailing stops
4. Trading mins
5. Basket trading
6. Cherry picking
7. Categorical trading
8. Week trending
9. Combination of the above and many others.
Thus far, some strategies are proven to be no good: returns of -70% for the first month. I have since dismissed this strategy.
Others are at the moment returning anywhere between 20% to 150% for the first month – or an average of 5% to 35% per WEEK.
Now, I spend about 30 minutes each morning to do.
Now for those of you says that it’s only paper trading, not real live trading…well, what can I say? I try to simulate it as closely to live as possible, including forcing myself into a trade if I said that I will yesterday and waking up this morning to find the trade have totally flipped.
Risk management or money management is very important, and property investors do that as well. If you know the probability and you can work a strategy to win over that, then you’re in the money!
A short reply to above with regards to win/lose trades.
I have noticed that ARLT in fact triggers more losing trades than winning trades (and he says that on his website or training, I can’t remember), however, the losers are cut quickly and the winners are usually left to run. Hence you may have say, 10 losing trades at around $500 each, but 5 winning trades at $2000 each. So overall, even with more losers you still come out on top – and this is the risk management.
Anyway, I’m in the RESULTS09 program, so if anyone is interested on how I’m doing, feel free to ask me when you see me in the seminar, however, if all you wanna do is question my performance, then I suggest that you leave me alone.
I don’t want everyone to get the software in fact, so I can leave you all behind in my Maserati GTS jaw dropping…
A guy I work with spent the money on Aussie Rob and even went as far as one of his upgrades , he followed this system to the point studied it and paper traded it for 6 months before he went into the real time market and then after 3 months of trading real time dropped it , he said that if he had just done his own research and started trading small amounts at a time he would have been far better off. In a nut shell while it worked some times (not very often) he said it has been a total waste of money. He study a few courses some of them free and when he used the info he learned from these he tried to find out how Aussie Rob comes up with his method but nobody would tell him so he dropped it like a hot scone. Norto.