Replies to post #32 on Koolaid Discussion Zone

[janice shell]

Someone told me that Monk counsels his students not to trade options. True? Anyone know?

[Blinton]

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.

Purchasing a product or service only to repackage it as your own is not very ethical in my personal opinion.

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.

Anyone who invested more money than they can afford to potentially lose/wait-for broke the golden rule of investing. Secondly, I believe the only people who lost money so far are the ones who have sold into fear-mongering manipulation in my personal opinion. I think this will all sort it self out in the shareholders' favor in due time.

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.

Options are not part of the system. Changing the system makes it your own system, not Monk's system. And his system is quite successful so I see no need to change it.

[Tina]

>>consider signing up with with a service like covestor and letting people follow your real trades.<<

both profit.ly and tradeking provide trading transparency services as well (traders are verified via their brokerage accounts and you see real gains and losses).

I've suggested to have this sort of option with ihub but havent' received a response. Who knows? It might become popular like twitter and maybe an option down the road.