Hello,
I’m going to a Jon Cox index trading seminar on Sunday and was just wondering if anybody has had any experience with this guy or his seminar.
All input is welcome as I can still get my deposit back if dis-satisfied on the day.
Cheers
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
Hi RF,
I don’t know about JC’s seminar, but I guess what you’ll get out of it depends on what your goals are. What made you put the deposit down in the first place? I’ve always wanted to know the motivation behind this? Please humour me.
An inquisitive Sooshie [
]There are no problems, only solutions
Hi Sooshie,
I believe it was the old ‘Buy it now carrot’ that works so well in all businesses [
]. There was a discount if you put your money down on the night. This is fair enough though, as I was given the option of cancelling the next day if I wanted to.I guess it’s a bit like wraps – if you don’t get any money from the prospect in the form of a deposit or “document preparation fee” than they can be talked out of the deal and weren’t really committed in the first place.
I’m looking at index option trading with this guy because he has very good testimonials and he doesn’t promise exhorbitant returns – average will be about 3% a month (with low risk) which is pretty good in my book. I want something that will bring in the bacon while I am property investing as I am looking to eventually get out of my current job.
“Most people operate under a false ceiling which is 3 feet high” Stuart G Goldsmith
Hi roofarmer
I’ve been interested in Jon’s seminar right from very early on – back in the days when it cost nothing except a small monthly fee. At the time I was busy doing other stuff myself with options trading, and so didn’t attend. I did go to the introductory session, where his strategy was very well explained.
I felt he was a genuine person, butI haven’t been in contact with him for a while.
Hope that’s useful for what it’s worth!Keep smiling
FelicityHi the company that promotes jc i have found to be very ethical.I also no of 2 people who have done the course, and are getting their 3-5 % monthly,also believe backup is excellent, but don’t take my word.Think they offer some sort of mbg if you don’t make cost of course in some stipulated time frame.Hope this helps
GraemeYes, we went to the seminar and brought his index trading package.
I changed my mind and asked for my money back several days later.
He refused, saying that I could only ask for my money back at the end of the seminar.
However, I now understand, that the promoter, breakfree events, does offer a money back 30 day guarantee, so I am still waiting for the refund.
My reasons for returning the product: I am trading actively already and do Index trading based on another software and using volatilty charts with my sister.The JC trading system did not offer me added benefits.
Trading only Two Indexes for my purposes is too restrictive.
The software would be appropriate for the novice trader as it seems to have a high degree of risk aversion and JC does offer a lot of prompt support via his web page to your questions.I went to an introductory evening last night.
It’s incredible the depths that we have sunk to in order to make money.
If you trade index options you are basically becoming a bookmaker for European punters who want to bet on what number the index will finish on in 45 days time.
No doubt that it’s safe; who’s more likely to go broke, a punter or a bookie? Casinos are big business and parts of the stockmarket are like the biggest casino in the world.
At least with stock options there is the slight chance that someone will own shares when the option expires.
With property, the customer gets somewhere to live and a house to own.
With index trading the punter gets cash if he’s right, and the investor gets a return on capital when the punter turns out to be wrong.
I raised the question of a similarity between a casino and index trading at the intro meeting, but Jon seemed to think I was comparing the investor’s position to the punter’s, but i was actually comparing it to the casino’s. He couldn’t see the analogy, but it was as clear as day to me.I agree soma, any form of trading has an element of gambling unless: you have exeptional discipline, the best of money management and stop loss skills.
I basically have stopped trading, it ended up being too stressful, if the market is bullish, as at present, the risk becomes to high for my liking, with the index trading.
My sister is persevering and using Gary Stone’s Osprey system, and CFD’s, she tells me its the best trading system she has ever come across.
I shall reserve judgement until she has done it for 6 months and made a consistent profit.
Even then, I am not sure if I want to go back to that sort of stress.
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