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Toni Hansen

08/03/01 11:12 AM

#38 RE: makomemoney #35

Hi Scott,

Sorry to take so long to respond. I've been pretty much out of commission for almost a month now due to a lower back injury. Just started back to work full time this week..

Regarding board popularity, I just don't know too many people that are our members that have much interest in free message boards... I had asked once what they thought of them and I think most of them were just so exposed to hype, etc. that they felt they were counter-productive. of course there are great ones out there but you just have to look. I do not think many people may be aware of IHub.

I can't really tell you much about how our service compares to Pristine but I can tell you what we do and let you decide... Intraday we have running commentary and lessons regarding current market action, helping members learn how to anticipate the market moves. We use specific stocks in some cases while I personally have focused on the QQQ and SPY so that there is a consistent issue traders are looking at from day to day to learn how it changes. I think focusing on one or two stocks or a short list of stocks to begin with is extremely important because it helps you learn the different types of actions that can take place and when they will most likely occur. From there you can move onto scanning for specific setups.

I hold after hours classes on Mondays and Wednesdays. On Mondays we go in depth on a specific topic a member has suggested to us. This next Monday for example I'm going to talk about Exhaustion moves... how to recognize them to tell when the move is ending and how to take setups based upon them. This week we discussed a setup known as the Avalanche which is basically a type of bear flag reversal setup off highs. I'll do a short writeup here in a few days when I get some more time as I think you guys will find it really helpful... It's one of those setups that tends to lead to immediate follow through. A good example of this was CEFT which I put in our daily newsletter yesterday (8-2-01) for a short. You can see what the core setup looks like at the following link: http://www.teachmetotrade.com/images/upload_images/55_image.gif

We also have several free newsletters which come out once a week called Market Lab and Stock Spotlight which David Bush writes and I write the Daily Trading From Main Street and weekly Position Trader newsletter with Brandon Fredrickson.

I am not sure what Pristine does for their mentoring but our is aimed at complete beginners to the market. It's like an introductory college course to online trading and technical analysis. If you have had experience in the markets and understand how support and resistance work and other tools traders commonly use you might not find it as useful as you would if you had no other education. We are working on putting together more advanced mentoring but it too will be online. What we are doing is a one month course which will be limited to 5-10 people where one of us spends pretty much the entire day with the students giving several classes a day and focusing on a very limited number of stocks to teach students everything from the beginner to advanced trading tactics and market approaches.

At any rate, this is too much running on for this platform as I don't really want this board to turn into some sort of sales pitch. I think no matter where you go for more intense education, just get a free trial, see what they have to offer and if their personalities mesh with yours or not. There are as many varieties of successful approaches to the market and trading as there are traders so it's really important to find a strategy and approach that supports your own personality and skills (or fills a niche you are missing in your education.)


Wishing you the best,
Toni