Psychoff - training course

[Derek27]

If you've got £24,000 in the bank, you're either a good trader or have a decent job!

[Emmson]

Thinking about it I also have a problem with someone who contributes nothing to the forum but then shows up to hawk his wares & then presumably disappears again.

[Dublin_Flyer]

If you've got £24,000 in the bank, you're either a good trader or have a decent job!

We're not looking at it the same way Derek, 24K in the bank can be a redundancy payment for some people, then lumping that 24k on an uncredited course with no pass/fail threshold leaves sweet f*ck all. As opposed to putting 24k into credited courses and getting certs/diplomas/degrees to further their career or advance it, just doesn't make sense to me.

[rik]

If you've got £24,000 in the bank, you're either a good trader or have a decent job!

We're not looking at it the same way Derek, 24K in the bank can be a redundancy payment for some people, then lumping that 24k on an uncredited course with no pass/fail threshold leaves sweet f*ck all. As opposed to putting 24k into credited courses and getting certs/diplomas/degrees to further their career or advance it, just doesn't make sense to me.

Isnt the main cost for getting a degree spending 2 years of your time on it?
A course can be worth whatever amount if you learn to make a multiple of it.
My impression from watching a question and answer on youtube is that hes a 1 or 2 trick pony, only doing inplay football and edge seems to be more soft like inherent good price judgement rather than some sophisticated mathematical theses. Might be hard to convey that in a couple of days coaching, in fact many wont ever be able to learn that. I doubt youll be getting any hard facts that change your general outlook on betting/trading.
Also he was a bit vague and not properly answering some questions, maybe thats different if your paying to learn of him.
Im sure hes been doing very well in the past but maybe he lost a bit of motivation and markets have gotten a bit harder to beat, who knows buy the course and find out!

[Derek27]

You do get one year free telegram membership.

What really beats me is that there's nothing on the website explaining what level of trading is required! Only someone who knows absolutely nothing about trading would be daft enough to pay that sort of money thinking it's a pass to instant success. I hope he's discussed potential legal claims with his solicitor!

[ShaunWhite]

20 grand will be tempting for some. There's a lot of people 'our' age who's parents are slipping away, and some of them are being left shares of houses worth maybe £½m or 250k for a modest place. When the later life crisis hits and it's 15 more years of a miserable physical job vs having a bit of a go for once in your crappy life, you can see why he'll get takers. And let's face it he's not shy about his credentials.....

psycoffScreenshot_1.png

I can't be too hard on someone who's prepared to take a gamble with life but I'm afraid they'll have a bit of a shock when they find out this game is 20% him and 80% you. All prospective clients should be forced to do a month on here first, we'll give them a dose of reality. It's not just the 20k though, it's the other 20k in lost bank.

[rik]

And let's face it he's not shy about his credentials....

youd expect him to be transparent with his results though if hes asking for a high coaching fee?

I dont see though how it works once other people start putting significant money down with a similiar approach. Once you have a large bankroll you are generally limited by liquidity, if you have several guys trying to anticipate late goals for example that will make it harder for you to get matched or move the price in the wrong direction etc, especially when you see hes been doing over under for swedish football, the markets arent that big

[wearthefoxhat]

And let's face it he's not shy about his credentials....

youd expect him to be transparent with his results though if hes asking for a high coaching fee?

I dont see though how it works once other people start putting significant money down with a similiar approach. Once you have a large bankroll you are generally limited by liquidity, if you have several guys trying to anticipate late goals for example that will make it harder for you to get matched or move the price in the wrong direction etc, especially when you see hes been doing over under for swedish football, the markets arent that big

It looks like a fee high enough clear out the "shoe-clerks and crumb-bums". (Norman Chad WSOP)

Makes you wonder how much Peter Webb could/would charge for a similar one-to-one mentoring set up....(add in Dallas for the automation)

[LeTiss]

£20,000 for mentoring is excessive, yes.....BUT.......you need a certain mentality to succeed in this game. It's a business where emotion and rushes of blood can override any system

Will Psychoff teach them how to combat that?
What happens when he's not there to hold their hand when they momentarily have a massive red staring them in the face?

If you're willing to pay £20,000 then you're desperate.
In my experience, desperation leads to drastic decisions when playing the betting markets

[sionascaig]

£20,000 for mentoring is excessive, yes.....BUT.......you need a certain mentality to succeed in this game. It's a business where emotion and rushes of blood can override any system

Will Psychoff teach them how to combat that?
What happens when he's not there to hold their hand when they momentarily have a massive red staring them in the face?

If you're willing to pay £20,000 then you're desperate.
In my experience, desperation leads to drastic decisions when playing the betting markets

In the context of the £6000 a day we pay for "experts" in the track & trace programme the rates charged by the big 4 consultancies it really is peanuts.... And I suppose it needs to be set at a rate that makes sense for him. As you mention not all people will be able to master it even with the best coach in the world.

[Derek27]

Let's face it, anyone who's mindless enough to pay £24,000 (including VAT) to improve their trading doesn't have a hope of making money.

[alexmr2]

when they find out this game is 20% him and 80% you

Is there really any secret information which an expert could tell a newbie that could make them profitable in a relatively short time (football or horses)?

In my experience on pre-race, having (free) help from a profitable trader over the last 2.5 years has been 99% me and 1% him. On top of all the screentime, almost everything he needs to be profitable from trading order flow is basically public knowledge albeit not all in the same place or that easy to find, but I'm still struggling to end the month in profit due to some emotional drawdowns every now and then

[ShaunWhite]

when they find out this game is 20% him and 80% you

Is there really any secret information which an expert could tell a newbie that could make them profitable in a relatively short time (football or horses)?

The problem is that all the info is out there but it's not curated. How does a new person distinguish the good from the bad. Same with any topic, you could say if you want to be a lawyer or surgeon the info is out there so why pay to learn it (aside from the professional cert obv)

[jamesg46]

Personally, i see the fee relative to the potential in future profits, which by all accounts, depending on individual success is a lifetime worth.

When you're getting your education directly on a plate from someone like Pyschoff or Peter then 20k imo is well worth it. It's like buying a Bentley for your next 10 year car, alternatively you could buy a £200 ebook which is the equivalent to a 15 year old motor with 200k on the clock that's been ragged by pretty much everyone.

Either way, the option is buy it or don't... nobody is forcing anyones hand & on top of that, I haven't noticed a rush of pro football traders coming to the market and under cutting him, I mean the chasm is pretty vast from Pyschoff's price to market "alternatives".

Simply put, do I think the price is steep, yes. Do I have to buy it, no. Will someone buy it & make a good living, very likely... so good luck to Pyschoff and his students.

[Derek27]

When you're getting your education directly on a plate from someone like Pyschoff or Peter then 20k imo is well worth it.

Are you being serious?? It's like a world chess champion giving you 20 hours of his time, it's not going to turn you into a grandmaster.

The issue I have, and I suspect many people have, is that anyone mad enough to pay £24,000 for 20 hours of Pyschoff's time plus follow-ups is that they are being conned outright - no question about it. It's potentially taking advantage of somebody with reduced mental capacity who's just lost a parent and received £25K in the will.