• Report: #59693

Complaint Review: Teach Me To Trade

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  • Submitted: Thu, June 05, 2003
  • Updated: Mon, November 06, 2006

  • Reported By:San Diego CA
Teach Me To Trade
www.teachmetotrade.com Nationwide U.S.A.

Teach Me To Trade, Russ Whitney, W I N, Teach Me To Trade, Russ Whitney, Wealth Information Network deceptive company, slime-balls - watch out for these guys Florida Nationwide

*Consumer Comment: What about the content?

*REBUTTAL Owner of company: wrong company/mistaken identity

*Consumer Comment: To: Mr. Heywood, Granted your not going to become a millionare

*Consumer Suggestion: Another Whitney SHILL

*Consumer Comment: Teach Me To Trade Seminar

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For the last week or so, I've been seeing spots on TV for a stock investment seminar called "teach me to trade" which is being held at three hotels in my area next week. I had considered attending one of the sessions, but first I wanted to find out a bit more about the outfit through online research. When I located their website through the search engine I used, I found out it was merged with Russ Whitney's Wealth Information Network (WIN). I have been familiar with the Rip-off Report for some time now, and remembered reading a few negative write-ups on Russ Whitney, so I saw this as a red flag.

I then reviewed a couple of the Russ Whitney write-ups on this site, and found that his company seems to go around the country milking people for all they're worth through high-pressure real estate seminars. I have reason to believe similar tactics would be used in the "teach me to trade" program, and therefore have decided not to attend. If you're considering attending this seminar, I have one word for you - DON'T!

Thank you Rip-off Report for steering me away from a potential disaster.

Chuck
San Diego, California
U.S.A.

This report was posted on Ripoff Report on 06/05/2003 02:35 PM and is a permanent record located here: http://www.ripoffreport.com/r/Teach-Me-To-Trade/nationwide/Teach-Me-To-Trade-Russ-Whitney-W-I-N-Teach-Me-To-Trade-Russ-Whitney-Wealth-Informatio-59693. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 4Consumer 1Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

What about the content?

AUTHOR: Dionne - (U.S.A.)

I have read every report about TMTT on this website and the one common thread is that no one has complained about the content of the courses offered by this company.

Of course, none of the complainants seem to have made it far enough to actually take one of their courses and try to apply what they've learned.

Honestly, I hated the selling too. When they told me I was one of the 1% they offered the special mentoring to, I literally laughed in the guy's face. I knew it was a sales pitch but I chose to look past it to see what the company had to offer me.

I've had my first course, Master Trader, and my first coaching phone call and all is well. I have learned so much - I can actually look at a stock chart and know what it means. I can read candlesticks, decipher the MACD, Stochastics and Moving Averages. I'm about to open my brokerage account and start paper trading. I'm going back to Utah in December for the Covered Calls class and I can't wait.

I'm sorry the people on this website had administrative problems and that some let the selling tactics overwhelm them, but it doesn't mean the company is crooked and has nothing to offer.

I do not work for them, so please don't bother calling me a "plant" - I'm just a new student who is, so far, happy with what I'm learning. I sincerely hope you all get your issues with this company resolved.

Best regards,
Dionne
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#2 REBUTTAL Owner of company

wrong company/mistaken identity

AUTHOR: Dave - (U.S.A.)

We are not Russ Whitney or Teach Me To Trade. We have no affiliation with these companies.
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#3 Consumer Comment

To: Mr. Heywood, Granted your not going to become a millionare

AUTHOR: Mike - (U.S.A.)

You are incorrect sir. I am not, nor have I ever been an employee or been employed by Mr. Russ Whitney. The truth be known, in a very short time I will be retired from my present place of employment and I will be self-employeed not working near as hard, working a fraction of the time I do now, and making a heck of a lot more money to boot! I have TMTT to thank for all of this.

Granted your not going to become a millionare overnight making thousands of dollars a day by trading only a couple hundred shares a day when you're starting out - but you can make more money and in less time trading just a few hundred shares than you will putting in a long hard eight hour day. I've already done this on a number of occassions.

Unless you're someone who's only trying to "get rich quick" trading thousands of shares without the experience of first being able to trade a couple hundred shares successfully, or your going to trade stock options without acquiring the specialized eduction needed to handle the extra risk involved with options trading, - go right ahead and lose all your money. It won't be my fault, Russ Whitney's fault, or even TMTT's fault.

The only thing you are correct about is stating you "think not". That would be a correct assessment of the situation.
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#4 Consumer Suggestion

Another Whitney SHILL

AUTHOR: Heywood - (U.S.A.)

It is interesting the "Rebuttal" was from a "Mike" in "Anamosa, Iowa" defending his employer, Russ Whitney.

It is interesting because Anamosa is where the Iowa State Prison is located.

Cooindence? I think NOT~
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#5 Consumer Comment

Teach Me To Trade Seminar

AUTHOR: Mike - (U.S.A.)

I have attended a Teach Me To Trade Seminar. The seminar is extremely informative and the information one is presented with is accurate and up-to-date. Of course, if you want to learn how to trade securities successfully using Teach Me To Trade and also plan on attending the corresponding 3-day workshop, then you should also be prepared to spend quite a bit of money.

I have meet with stock brokers who informed me they spent much more money on other systems of stock investing, and what they learned with Teach Me To Trade doesn't even begin to compare with them. Will one be able to make $5,000 a day, or over $10,000 in a two week period using Teach Me To Trade?

If your a new-comer to stock trading with limited resouces to invest in the market, then you would be wise to question these amounts, but if you already have a previous background in trading securities then these amounts are not unreasonable.

One should consider the money they spend on Teach Me To Trade as money you would invest with any other type of professional education. I can honestly say without that education I would never have gained the confidence to trade securites on my own. You will never lose your money becoming educated. It has been said, one pays for their ignorance but not for their education. Teach Me To Trade is truly a "one-of-a-kind" educational trading system.
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