A friend of mine ordered Peter Bain's course and asked if I could help him understand some of the stuff. I've gone through most of Bain's course on my own a while back so I figured a refresher wouldn't be bad.
He has good material, there is no doubt about that, however, while sitting there I couldn't help but wonder if it wouldn't be better to teach people how to arrive at systems of trading that works rather than give them a system (in this case his pivot point system).
It's the difference of teaching a man to fish and giving the man a fish. His system will work for awhile, but the markets change. The famous Trading Turtles' break out system doesn't hold anymore, despite the fact that it made them bundles back in the day. Its probably better to teach how to arrive at a profitable system rather than just giving a person one.
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