Stockcourse Info?

[KiwiBear]

Hi
I am considering attending a course called Stockcourse in Christchurch, teaching options and share trading. Has anyone got any comments? Is it value for money. Are there any other courses better to attend? I will go to there course info day today[?] any way, but await replies before being sucked in to parting with hard earned cash!!
Appreciate your replies.

[zyreon]

hey, I went to the free seminar thing as well, but thought that 5k was a bit too much.

they seem like they know what they're talking about. I heard of someone that went to the course and their experience of it was that it was well worth it.

but for me I think I'd rather spend a couple of hundred on some good books than spend 5k for a 3 day course...

[KiwiBear]

Thanks alot Zyreon, my thinking also at that price. Will tell my wife to give up primary school teaching and do this at those rates!!!

[Steve]

quote:Originally posted by zyreon

but for me I think I'd rather spend a couple of hundred on some good books than spend 5k for a 3 day course...


Ditto for me...I prefer to learn from my own mistakes as they are more memorable...

[Lawso]

And learn from this forum for nothing. Provided you ignore the garbage and can distinguish the experts from the fruitloops ;)

[Leai_Se_Tupe]

ChangeWave (.com) are having a moving sale and have heaps of books on sale right now - some as low as US$0.99 - if anyone is interested. I bought 13 books yesterday for a little over US$80 from them.

[KiwiBear]

Thanks for all your help so far, went to their sales pitch based on historical charts for2001- 2003. Showed basics, good for reiterating the points forgotten and some new.
Put some new light on option trading and using them as insurance for long held stock.
The presenter 'Joe'(Robert Blankenship) a US stockbroker/financial advisor in his late 30's from Aussie,he gave most of the presentation.
The presentation lasted for 2 hours with a 10min break. They are based in Australia Qld Noosaville.
They are Accredited Aussie Qld trainer (NZQA similar). They offer a 2 day course Friday night 7.30 -10pm. Sat 8.30am - 6pm, for $995nz for say 11hours of training tops allowing for breaks & intros. This gives the basics and trains for managing and trading shares, option training is covered in the 3day course that covers more in depth trading on the 3rd day. Thats the one that costs $4995nz + $1195 for a partner to attend. The 2 day payment is deductible if you carry on and do the 3 day course. They have a 3 year ongoing support in that payment. The trading programme used is an Aussie one called 'Sharechart', but if you are like me own an older programme like Metastock 6.52 you can use this and save a payment on purchasing Sharechart at $799 approx. They teach 15 strategies and use 6 indicators, give an info pack/work folder for the start of the presntation, then those that are interested to take it further a stockcourse/Sharechart software pre Workshop practice module with a CD to load and go online to register an download practice data.

The 2 hours of my time on a cold wintery CH-Ch day in a warm Hotel conferance room spent with an obviously knowledgeable in his field presenter was well worth while, learnt some free things for my time. However going the next step and taking the 2day & not the 3 day course is tempting, considering it would get me going again on a charting programme that I have only played with and was purchased 4 years ago. Also learn to improve my buy/selling and rid any bad habits and gain some new ones. They have set up local support groups to keep interest and help newcommers via more experienced traders using their training.

Is 'Sharechart' software better than Metastock 6.52 or about the same? Has anyone done this couse 2 day or 3, and their thoughts on the merits of the two? I have tried reading books but you need really time, and practice with a tutor to answer questions.

Kiwi Bear if this course is so good why does he not put it into practice by trading instead of rushing around trying to sell it to everybody else.

[Stock Man]

Hi Kiwibear

Everyone will have their own opinion as to the value of these type of offerings. I will put my 5c worth in[:0]

Depending on your current level of expertise, these offerings tend to promise the world and play on emotions. What exactly do you think you will learn in 2-3 days? An analogy: The course that taught you to fly Jumbos in 2 or 3 days......Even if you do pick up a lot, everyone has their own type of style, and their stlye may not suit your investor temperament. From my recollection, they focus on short term trades and options.....by using stochastics (and other oscillators). If you have the time to dedicate 1-2hours per night for the short term trade; then fine.

Kiwibear - I guess what I am asking is - what do you want to be? How are YOU going to define yourself in the market?

Before you commit a fair chunk of capital to these type of offerings, browse the internet, for information - there is so much free stuff out there. Also visit Borders, Dymocks, Techbooks, Amazon etc. Then, If you still want to do a course then great!


Rgds

[Ricardo]

Kiwibear, you mention not having time to read books.
If you don't have the time for this you are not going to have the time to apply what you learn in any course.

[Harrys]

A year ago I knew nothing about trading shares. Cashed in an old
insurance policy and introduced myself to a broker who gave me a copy
of IRG's annual book which I read thru in one day, picked out half a
dozen stocks rang the broker and I was away. Its handy to be able to
read a balance sheet. I have had some good luck here and there and made a couple of poor choices too but its been a good year for rookies and I have managed to beat the index. Going to a course would
be nice but I wouldnt pay for it. Go to the library. I started off
with a book written by Martin Hawes and found it good value.
If you are realy interested, you will read everything you can lay your hands on. Otherwise just hand over your capital to a fund manager
Not nearly as interesting though.