Written by A.J. Brown

Why Aren’t We All Rich Then?

RichesI often wonder…  do we lose our common sense sometimes?

There are services that appear (and sadly disappear) everyday, especially on the web, that will hand you the exact tickers you should be buying and selling, when to open the position, when to close the position, and even how many shares or contracts to trade.  This is usually without any regard to your personal portfolio makeup and/or your investing style.  And, with derivatives being more popular now than ever, I am seeing more and more of these service dedicated to trading stock options.

The common sense question I always ground myself with is, "If it were that easy, why isn’t everyone signing up for these services.  And, why isn’t everyone rich because of it?" 

When I come across one of these services, I get this allergic almost gnawing voice in the back of my head that keeps saying, "Get rich quick…  If it is too good to be true, it probably is."

Now, don’t think I am raising my nose at these services without basis…  I admit, I haven’t signed up for one of these services in over two years…  But, I do actually have my own experiences with them and they aren’t all that good. 

Remember, I still consider myself as much a student as I do a resource for other traders.  I, to this day, still buy into every course and service I can get my hands on, within reason.  I, however, as I admitted one paragraph above, based on my own experiences, have already written off services that tell you what to trade, how much and when.

So, let me quickly tell you why I chose to blog about this subject today.  But first, let me admit to you a guilty pleasure I partake in, usually over the weekends.  I like to pick up the telephone and call members of the Trading Trainer community without notice.  I think I get some sort of kick out of the surprise the person on the other side of the phone has when they realize it’s me.

Usually, I call members that have been posting on our members-only forum, that have been logging support ticket’s with our Trading Trainer support department, or members who have pro actively been speaking up in our members-only Monday evening Money Link webinars. 

Usually I will try to see if there is a common theme of the week that I can use as topics of discussion when calling these members.  This Saturday, the common theme of the week was ‘Services That Hand You Trades On A Silver Platter.  You Follow Them And You Get Rich’.  The sub theme was, ‘Comparing Services. Is Evaluating Portfolio Past Performance A Good Indicator?’

I have my thoughts on these subjects… And, the member’s I talked to definitely had their thoughts.  (What came out of some of my members’ mouths downright floored me.)  But, right now, what’s most important to me is your thoughts.

Please, take a moment and simply post a comment below answering these two questions:

  1. If you have any experiences with ’services that hand you trades’, what were (are) they?
  2. How did (do) you compare services? 

Thanks in advance for your input.  This will be interesting.

And, if you are curious about other’s experiences as much as I am, check back on this blog post often.  Like I said, this will be interesting.

Best regards always,

A.J. Brown

Categories: Education

33 Responses to “Why Aren’t We All Rich Then?”

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  1. Julian @ 7:17 am:

    I am using The Dividend Machine. Bill Streptrino runs the service. He claims that there is no lossing trade in his picks. I am also trying out Coveredcall. I would like to hear about AJ’s Blackbox from members.

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  2. Charlene @ 2:10 am:

    I wanted to take this opportunity to tell my story about how I have used the Black Box tool. I had been a teacher for 29 years, got sick, and was ordered out of the classroom with thirteen years left to work to qualify for full retirement. I thought I would die and was peaceful about it, but had a miraculous recovery! I had no livable retirement coming in, let alone not being able to collect for ten years! I got interested in the stock market and the rest is history. Thanks to AJ, I will not only make a living, I will be able to travel!! What can be better than that?
    The Black Box Covered Call Tool is a very easy to use.
    All you do is read a daily table, find a stock you are interested in, and follow the strategy set out for you. I use this along with other strategies to diversify my financial plan. I recently made 14% by just spending about 15 minutes reading about the company, following the chart, and then waiting for expiration. It was so easy.

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  3. Seth Houten @ 10:07 pm:

    I do think it’s among the most vital info for my situation. And i’m glad reading your article. But want to remark on few general things, The website style is perfect, the articles is certainly great : D. Good job, cheers

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