Three things…
First, in response to the private and public messages I’ve received about how successful they are with Monk’s system and how it’s changed a lot since I attended, cool. Since Monk has upped the price on these things, I hope he has added material, and if you’re successful with his system, that’s great. I genuinely wish everyone would make some money in this market, especially given that many lost a ton of money in the FLD’s. I met a lot of nice people in PHX, and it’s sad to see how much money some have them have lost. Also, if someone is really making money live trading and wants to prove how great Monk’s system is, you might consider signing up with with a service like covestor and letting people follow your real trades.
Second, my reason for posting this review was simply to offer some information for people who might be considering attending a Monkinar. If you think it’s a good investment of your money and you’ll make money as a result, by all means, please attend. I never said don’t attend one. I even admitted I didn’t regret going. I just think people should make informed decisions. A lot of people might have a lot more money today if they had been more thoughtful and considered all sides of things before dumping their life savings into an FLD.
Third, for those of you wondering what I’m invested in, I have a full time job, so I can’t watch stocks all day during trading hours. I’m forced to trade longer term things. You’re welcome to check the “my stocks" on my profile to see what stocks I hold. In addition to those, I also trade options on QQQQ and SPY. For all you Monk followers who can make 5-10% a day with a 3X leveraged ETF and call 9 out of 10 trades correctly, you might consider looking into options as you can probably make a whole lot more with them. As an example, some of the Dec QQQQ puts were up 60%-100% just today.
