Psychoff - training course

[rik]

explains the courses he offers at 1 hour 10 minute mark
https://youtu.be/v0OdZV8jDpg

[jamesg46]

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.

Yes, I'm being serious & I dont care about your issues. I'm sorry but what is the value of 20 hours of Psychoff's, Peters or any other high earning pro traders time.... Psychoff values his time at 1k an hour & I'm fine with that, you, I and anyone else has a choice to buy or not to buy... if you're saying people aren't capable of making choices for themselves then no matter the price the course would be too expensive because they simply couldn't make decisions based off of any knowledge transferred.

Why don't you come up with an alternative? You seem to have all the knowledge & are clearly clued up on every single topic in the forum... maybe you could help out those people who aren't capable of making their own decisions.

Don't walk past the window moaning about the price of an item that you couldn't afford and shouldn't be looking at anyway, it's just a waste of your time... which clearly some people value differently to others.

[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.

Yes, I'm being serious & I dont care about your issues. I'm sorry but what is the value of 20 hours of Psychoff's, Peters or any other high earning pro traders time.... Psychoff values his time at 1k an hour & I'm fine with that, you, I and anyone else has a choice to buy or not to buy... if you're saying people aren't capable of making choices for themselves then no matter the price the course would be too expensive because they simply couldn't make decisions based off of any knowledge transferred.

Why don't you come up with an alternative? You seem to have all the knowledge & are clearly clued up on every single topic in the forum... maybe you could help out those people who aren't capable of making their own decisions.

Don't walk past the window moaning about the price of an item that you couldn't afford and shouldn't be looking at anyway, it's just a waste of your time... which clearly some people value differently to others.

I'm not talking about over-pricing services. I'm talking about ripping unsuspecting people off. If a cab driver charged £100 for driving you down the road, sure, you can choose not to use his cab, but a tourist might not realise it's a con.

[jamesg46]

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.

Yes, I'm being serious & I dont care about your issues. I'm sorry but what is the value of 20 hours of Psychoff's, Peters or any other high earning pro traders time.... Psychoff values his time at 1k an hour & I'm fine with that, you, I and anyone else has a choice to buy or not to buy... if you're saying people aren't capable of making choices for themselves then no matter the price the course would be too expensive because they simply couldn't make decisions based off of any knowledge transferred.

Why don't you come up with an alternative? You seem to have all the knowledge & are clearly clued up on every single topic in the forum... maybe you could help out those people who aren't capable of making their own decisions.

Don't walk past the window moaning about the price of an item that you couldn't afford and shouldn't be looking at anyway, it's just a waste of your time... which clearly some people value differently to others.

I'm not talking about over-pricing services. I'm talking about ripping unsuspecting people off. If a cab driver charged £100 for driving you down the road, sure, you can choose not to use his cab, but a tourist might not realise it's a con.

Which probably happens already but that's sort of fixed isn't it, per mile, same route,.fixed destinations. Do you think the quality of the education provided is greater coming from Pyschoff than it is from some fella selling an ebook? The likelihood of success and future potential is going to be vastly different, so the destination is miles apart & the quality of the journey too.

[The Silk Run]

It's the same old rhetoric. GOOD LUCK to anyone who is ambitious, including Ersen GUVEN.

[Derek27]

Which probably happens already but that's sort of fixed isn't it, per mile, same route,.fixed destinations. Do you think the quality of the education provided is greater coming from Pyschoff than it is from some fella selling an ebook? The likelihood of success and future potential is going to be vastly different, so the destination is miles apart & the quality of the journey too.

No, it doesn't, cab drivers don't charge £100 per mile. You're missing the point entirely James. It's not a question of whether the quality of education is better. The question is, is it worth £24K? Can you learn to be a brain surgeon in 20 hours if you had the best tutor? Obviously you can't and you don't need to attend the course to conclude that.

[jamesg46]

It baffles me that people believe that anyone about to spend 20k would be "unsuspecting", I'd imagine anyone about to hand over 20k to Psychoff would of done an investigation on him like he was a suspect... & what they found was that he's actually one of the best traders in the market. Even if they didn't go to great lengths to research the guy, they landed on their feet with someone who actually is genuine in his activities.

Anyone who doesn't agree with the price doesn't have to buy it. Doesn't mean they should target the guy, there isn't many legitimate people out there willing to offer education & clearly the right education comes at a premium... the industry is battered with bad rep from 200 quid book sellers & I'm sure with time the price will get more competitive as other well known traders look to compete in that market space.

[jamesg46]

Which probably happens already but that's sort of fixed isn't it, per mile, same route,.fixed destinations. Do you think the quality of the education provided is greater coming from Pyschoff than it is from some fella selling an ebook? The likelihood of success and future potential is going to be vastly different, so the destination is miles apart & the quality of the journey too.

No, it doesn't, cab drivers don't charge £100 per mile. You're missing the point entirely James. It's not a question of whether the quality of education is better. The question is, is it worth £24K? Can you learn to be a brain surgeon in 20 hours if you had the best tutor? Obviously you can't and you don't need to attend the course to conclude that.

Something is worth what someone else is willing to pay... you're more than welcome to get into that space and compete Derek... infact anyone is, maybe you could set the price at your reasonable expectation. Until you're competing, this is the price... like it or lump it, it's your choice.

[Derek27]

It baffles me that people believe that anyone about to spend 20k would be "unsuspecting", I'd imagine anyone about to hand over 20k to Psychoff would of done an investigation on him like he was a suspect... & what they found was that he's actually one of the best traders in the market. Even if they didn't go to great lengths to research the guy, they landed on their feet with someone who actually is genuine in his activities.

Anyone who doesn't agree with the price doesn't have to buy it. Doesn't mean they should target the guy, there isn't many legitimate people out there willing to offer education & clearly the right education comes at a premium... the industry is battered with bad rep from 200 quid book sellers & I'm sure with time the price will get more competitive as other well known traders look to compete in that market space.

Being one of the best traders in the market is well below standard, for that sort of fee - you need to be God.

[jimibt]

while you guys are ping ponging around, thought i'd ask for an alternative opinion on something that is somewhat related.

there's a service out there called IPT which offers a visually compelling view of the stats as they occur in real-time. is there any concensus out there as to how viable it is using this approach. they seem to have developed a few algos around what they call pressure indexes, so wondered if a similar appraoch could be used to identify and exploit edges in a similar fashion to what psychoff is observing while watching the markets games live.

[Derek27]

Which probably happens already but that's sort of fixed isn't it, per mile, same route,.fixed destinations. Do you think the quality of the education provided is greater coming from Pyschoff than it is from some fella selling an ebook? The likelihood of success and future potential is going to be vastly different, so the destination is miles apart & the quality of the journey too.

No, it doesn't, cab drivers don't charge £100 per mile. You're missing the point entirely James. It's not a question of whether the quality of education is better. The question is, is it worth £24K? Can you learn to be a brain surgeon in 20 hours if you had the best tutor? Obviously you can't and you don't need to attend the course to conclude that.

Something is worth what someone else is willing to pay... you're more than welcome to get into that space and compete Derek... infact anyone is, maybe you could set the price at your reasonable expectation. Until you're competing, this is the price... like it or lump it, it's your choice.

I disagree with that. Something is worth what more than one sane and right-thinking members of society are willing to pay. You can sell rhino horn as an aphrodisiac for a lot of money to a lot of people - doesn't mean it's worth anything. If some idiot gave me a £100K per year position, I'm not worth £100K unless I could walk out of that job and get another £100K a year job.

[jamesg46]

It baffles me that people believe that anyone about to spend 20k would be "unsuspecting", I'd imagine anyone about to hand over 20k to Psychoff would of done an investigation on him like he was a suspect... & what they found was that he's actually one of the best traders in the market. Even if they didn't go to great lengths to research the guy, they landed on their feet with someone who actually is genuine in his activities.

Anyone who doesn't agree with the price doesn't have to buy it. Doesn't mean they should target the guy, there isn't many legitimate people out there willing to offer education & clearly the right education comes at a premium... the industry is battered with bad rep from 200 quid book sellers & I'm sure with time the price will get more competitive as other well known traders look to compete in that market space.

Being one of the best traders in the market is well below standard, for that sort of fee - you need to be God.

I'd imagine he has targeted a specific client base and as we know 20k is important relative to your net worth... to some it's a drop in the ocean, to others its a years wage. It seems clear where he wants to be in the market, well away from the 200 quid get rich quick ebook buyers and more into the realm of serious people who are willing to see something as an investment with potentially x returns that over time far exceed the initial output.

As for can someone learn it in 20 hours, why don't we ask Psychoff how his students are doing after the course rather than taking a gun to him from the off.

[jamesg46]

No, it doesn't, cab drivers don't charge £100 per mile. You're missing the point entirely James. It's not a question of whether the quality of education is better. The question is, is it worth £24K? Can you learn to be a brain surgeon in 20 hours if you had the best tutor? Obviously you can't and you don't need to attend the course to conclude that.

Something is worth what someone else is willing to pay... you're more than welcome to get into that space and compete Derek... infact anyone is, maybe you could set the price at your reasonable expectation. Until you're competing, this is the price... like it or lump it, it's your choice.

I disagree with that. Something is worth what more than one sane and right-thinking members of society are willing to pay. You can sell rhino horn as an aphrodisiac for a lot of money to a lot of people - doesn't mean it's worth anything. If some idiot gave me a £100K per year position, I'm not worth £100K unless I could walk out of that job and get another £100K a year job.

You can offer a price into the market 25 ticks away from touch, doesn't mean someone will take it, but if someone sees value they will. Something is worth what someone else is willing to pay.

[Derek27]

It baffles me that people believe that anyone about to spend 20k would be "unsuspecting", I'd imagine anyone about to hand over 20k to Psychoff would of done an investigation on him like he was a suspect... & what they found was that he's actually one of the best traders in the market. Even if they didn't go to great lengths to research the guy, they landed on their feet with someone who actually is genuine in his activities.

Anyone who doesn't agree with the price doesn't have to buy it. Doesn't mean they should target the guy, there isn't many legitimate people out there willing to offer education & clearly the right education comes at a premium... the industry is battered with bad rep from 200 quid book sellers & I'm sure with time the price will get more competitive as other well known traders look to compete in that market space.

Being one of the best traders in the market is well below standard, for that sort of fee - you need to be God.

I'd imagine he has targeted a specific client base and as we know 20k is important relative to your net worth... to some it's a drop in the ocean, to others its a years wage. It seems clear where he wants to be in the market, well away from the 200 quid get rich quick ebook buyers and more into the realm of serious people who are willing to see something as an investment with potentially x returns that over time far exceed the initial output.

As for can someone learn it in 20 hours, why don't we ask Psychoff how his students are doing after the course rather than taking a gun to him from the off.

Most businesses who target a particular type of customer advertise as such, whereas he's said nothing and left it open to anyone who's got £24K to throw away. He already explained his reason for selling services, he needs to pay income tax. Hardly fills you with any confidence if that's his key motivation!

[jamesg46]

Being one of the best traders in the market is well below standard, for that sort of fee - you need to be God.

I'd imagine he has targeted a specific client base and as we know 20k is important relative to your net worth... to some it's a drop in the ocean, to others its a years wage. It seems clear where he wants to be in the market, well away from the 200 quid get rich quick ebook buyers and more into the realm of serious people who are willing to see something as an investment with potentially x returns that over time far exceed the initial output.

As for can someone learn it in 20 hours, why don't we ask Psychoff how his students are doing after the course rather than taking a gun to him from the off.

Most businesses who target a particular type of customer advertise as such, whereas he's said nothing and left it open to anyone who's got £24K to throw away. He already explained his reason for selling services, he needs to pay income tax. Hardly fills you with any confidence if that's his key motivation!

His key motivation is to be able to stay in the UK and to do that he has to contribute to the tax system. I'd say that's a bloody good enough reason.

His course is open to anyone who can afford it & my opinion is that unless you're mentally unconcious you're going to be pretty damn serious about doing away with 20k. If you're mentally unconcious it's very unlikely you managed to find your way to Pyschoffs web site in the first place.

Anyway, I'm off to defend the prices at Harrods, I can hear the the mob shifting out of Waitrose.