Thread: Steve Sitkowski and the Pro Trader Institute

Originally Posted by Steve May

I would like to know from people who have actually tried this if they have had success or not.

Then you are a dumbass asking the opinion of suckers. But generous sport that I am, I will explain why...

Originally Posted by Steve May

SO FAR, I've received a book and a DVD. The DVD had several hours of content describing different transactions and how they make money, as well as how they can fail. I filled out an online application to receive a mentor to help me with learning how to do options trading. He set up a time to call me tomorrow to have a more in depth conversation, so that we could get to know each other and so that he could explain how he would be working with me.

Originally Posted by Steve May

All you have managed to do is waste my time and irritate me

Let me make it up to you champ, you will "qualify" for mentoring as long as you have an available balance on your credit card. No need for an interview, just have your card handy.

Maybe you should consider flying out to Utah to meet your mentor in person, see how a real no money down internet marketing trading guru kicks it.

Originally Posted by Steve May

He did briefly explain earlier that they first would be setting me up with a paper account where I would be using fake dollars to practice real transactions based on real numbers. He stated that I would be doing 6-8 transactions a week for 2 to 3 months before I would be doing transactions with my own money.

Yeah, you're dealing with a salesmen whose only option is taking whatever fake mentoring gigs he can.

There are three very distinct problems with paper trading that make it next to worthless in evaluating an option system.

1. The first is psychological, it's very easy to sit in a trade when there's no money on the line.
2. The bid ask spread can be enormous with options, paper trading assumes you went in and out with the market maker.
3. When you place real trades there is nothing stopping a market maker from stepping in front of your trade via price improvement. You're bidding at $25 and the MM takes a trade at $25.01 if its a good trade. Want to know what happens
if a large sell block comes in, you just bought um all at $25 and he's $0 bid.

Anyone "mentoring" you this way doesn't trade and if they did there is a reason they are now "mentoring." Oh he mentors and trades does he

Get back to us when he starts wowing you with https://en.wikipedia.org/wiki/Iron_condor the name alone makes my nipples perk.

Originally Posted by Steve May

I tell you what. I'm going to give it a try, and in about 3 months, I'll try to remember to stop back here and give a honest review of what I have experienced. And if I'm still in it, I'll do the same after 6 months and 12 months.

You couldn't even give an honest first post.

Originally Posted by Steve May

The stock market is real. It exists. I have a right to buy and sell just like anyone else. If these people are able to give me some knowledge, confidence, and experience in how to trade in the options market, I don't see where the scam is.

They're going to love you in the pits.

Originally Posted by Steve May

Is it possible that at some point I will be encouraged to go to an expensive class or seminar in order to learn the REAL secrets to making money?

The REAL secret is there are no classes for that, I'm beginning to think you didn't read the thread.

Originally Posted by Steve May

Perhaps, in a few months, I will be able to post a worthwhile review here.

Why don't you have your "mentor" show up?