Great trader but not a great teacher...
I signed on with high hopes as the free videos made a lot of sense, Marc's instructions r.e. when to enter (cross/recross etc) are trading gold.
However the teaching is extremely chaotic. Videos are all over the place and last for hours. Sit there with a paper and pen to try to glean the relevant bits and you'll be sitting there for hours on end. What is needed, in my opinion, is clear concise instructions that cover all of his trading methods in a clear and structured manner. But it is fragmented all over the place. There are core videos, but then on top of this there are a few minutes in an hour and a half video here, then another few minutes there, so the notes that you take on the pure instruction videos constantly need to be fleshed out/updated/changed.
I can only talk for myself here, but it took repeated views of the same videos to get a rough idea of what Marc was talking about sometimes. I remember seeing a video with Marc (maybe on youtube or on the course itself) and the difference in approach is huge. The American guy was very helpful in phrasing the questions and Marc's answers to make them understandable, and that is what Marc needs IMO. He just cannot communicate his knowledge clearly, and he most certainly has knowledge!
The end result of all this is a lot of confusion which is totally unnecessary. Considering that the sales videos emphasised discipline, organisation and focus then I find it weird that Marc's system is so haphazardly organised (on the course anyway).
For example, his first section is concerned with day trading the SandP (using options or futures). You're told to learn it, relearn it, then learn it again. And then one day on a simple chart analysis video (and not a core instruction video) when I asked something I was told that something that is taught in it is no longer used. Uh, what? The only way you would find that out is to ask the question, get the answer and to find it you would have to sit through hours, and I mean HOURS (20-30+) and be paying attention at just the right moment, in the right 1hr 30mins+video, on the right day, in order to pick up on this nugget of info.
And considering the amount of blather in these long videos it is doubtful that you will be paying attention. They go on, and on, and on at breakneck speed with Marc describing his trades in scattergun style, all very quickly, all showing you how much money he made on them. Then you might get a rare nugget of info for a few minutes and then he's off to the races again, having a rant about something (and it might be one of his stupid pupils asking a stupid question. Yes he really is that rude).
I should make it clear that I do think that Marc is a VERY good trader.
I just do not think that he is a good teacher. His thought process is all over the place and he jumps around quite a bit.
He is also abrasive, impatient and swears a lot.
He has thrown someone out of the room, and off the course, for asking what he thought was a stupid question. To be fair it probably was if you had read through the basics, but as I've said, considering that the 'basics' (whatever they are) are presented in such a scattergun fashion then it seemed completely bonkers. Either way Marc got angry and booted them out. He is not a good teacher, it is as simple as that. I have had my fingers hovering over the keyboard many a time as I've wanted to tell him to get lost (I'm being polite) as he has been so rude to people.
To reiterate I do think that he is an excellent trader. He picks reversal points on the SandP and other stocks that he follows with great accuracy. But the question is whether he will be able to teach that to you in a structured and coherent fashion that you will understand. Clearly my belief is that he is not capable of doing so on a consistent basis.
That is not to say that there are not successful traders on there. There do appear to be some success stories that come on the mic. It's just that they are few and far between IMO. If they have made it then they had the patience of saints and have somehow battled through the muddled structure of the course. I have pages and pages of notes from the course that are a combination of the core videos and then with added extras from charting videos which all together make one hell of a mess.
His options trading strategies (mainly credit/debit spreads) seem to be excellent as he has certainly worked out the maths behind it in order to turn a profit. But as someone has stated the prices that you need to achieve to make a profit change very quickly indeed. Also, structuring a credit spread is not easy using IB. Marc always says to use IB (he does I believe) but resolutely refuses to teach you how to use it. Look up IB reviews, a lot of people find it very confusing as I believe you have to structure your credit spreads yourself. Good luck with that.
One final thing. Cross selling (if that is the correct term). Marc uses bespoke zones in a variety of combinations in order to pick likely reversal zones.
This is based upon various parameters and you will NEVER be told what these are based upon (at a guess I would say Market/volume profile along with maybe something else).
But what this means is that if you ever get good enough to trade this, then you will be stuck/tied in to these 'secret' indicators for the rest of your life. You simply cannot trade this system as Marc teaches it without using these zones.
To me that is a deal breaker as any trading course should NOT do this. It should teach you how to trade with a method, and with indicators, that are not conditional on you being constantly tied to the course provider. What happens to your trading if they decide to stop the program?
So to reiterate I do think that Marc is an extremely talented trader. However his scattergun style where he tends to ramble on about his successful trades at great speed, combined with some dubious interpersonal skills mean that success on this course is a lot harder than it should be.
There is definitely a lot of trading knowledge to be had, it's just about whether you will be able to uncover it.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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