Psychoff - training course
I'm not sure why anyone would think that Psychoff would lose his edge, the market has an abundance of opportunities that are perceived differently by each & every one of us. Peter has uploaded hundreds of hours of content & I dare say that hes still using those strategies when the opportunities present themselves, infact Peter even goes as far as tweeting it out live without the fear of losing his edge... myself & many others follow and watch Peter's content religiously & yet I would imagine I still only see a very small % of what Peter sees in the markets. Some of us then go on to use that to make our own perceptions, where it all goes wrong for most people & most of all why I believe Psychoff & Peter would never lose their edge, is because they're masters of uncertainty, their brains trade in probabilities. Best of luck to Psychoff teaching this to people because it goes against our natural instincts & like Peter has mentioned over & over, some people will just not believe it no matter what. I think the biggest issue like already mentioned previously is people just redistributing his content, simply because that's the only way they'll ever make any money out of what they learn... sad but true.
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wearthefoxhat
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Also...If you got 10 people in the same room and told them, with examples, "this is how you manually set up and execute...you'd get 10 slightly different variations/results.
If you gave the same 10 people the exact automated settings and said, this will make you money long term. 50% would give up short term, 30% would tweak the settings and then give up, the remaining 20% would either not start at all or may actually stick with it.
If you gave the same 10 people the exact automated settings and said, this will make you money long term. 50% would give up short term, 30% would tweak the settings and then give up, the remaining 20% would either not start at all or may actually stick with it.
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spreadbetting
- Posts: 3140
- Joined: Sun Jan 31, 2010 8:06 pm
Makes sense plus I'd happily teach 10 plums the basics of an exchange for £10K tooPsychoff
@psychofftrading
Replying to
@keepitobvious
Genuine answer: According to the new immigrant rules, you must show a certain amount of income and although it is 100% legal, betting profits aren't accepted as a regular income (which makes sense). So I need a business and be taxed to be granted a permanent Visa. Fair enough?
Considering the basic course is £1K for 5 hours and the advanced £2K for 10 hours I'd up the places on the basic tbh.
Surely only a matter of days before someone starts selling bootleg DVDs of Psychoff's courses on the streets of S'oton, recorded with shaky phone cameras?
This recipe to success sounds simple enough I guess
Like the old Southpark meme that probably nobody on here knows, it would probably go something like this:
1. Upload large green screens
2. Gather a large following
3. ??????????????????????
4. PROFIT!!!! (AND VISAS)
This recipe to success sounds simple enough I guess
Like the old Southpark meme that probably nobody on here knows, it would probably go something like this:
1. Upload large green screens
2. Gather a large following
3. ??????????????????????
4. PROFIT!!!! (AND VISAS)
I can now visualise scores of new restaurants opening up and charging £1000 per dish.spreadbetting wrote: ↑Thu Feb 20, 2020 2:35 pmMakes sense plus I'd happily teach 10 plums the basics of an exchange for £10K tooPsychoff
@psychofftrading
Replying to
@keepitobvious
Genuine answer: According to the new immigrant rules, you must show a certain amount of income and although it is 100% legal, betting profits aren't accepted as a regular income (which makes sense). So I need a business and be taxed to be granted a permanent Visa. Fair enough?
If people hear the sole purpose of the course is to get a visa you'd think they'd be even less likely to part with a grand for a five-hour course.
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ruthlessimon
- Posts: 2151
- Joined: Wed Mar 23, 2016 3:54 pm
If it is visa related, surely this is the better way to go (landlord etc?): viewtopic.php?f=2&t=20578
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ruthlessimon
- Posts: 2151
- Joined: Wed Mar 23, 2016 3:54 pm
I disagree with charging £1K for a beginner's trading course, but if the issue is over a visa I wish Psychoff and anyone else who needs one the best of luck. I'm sick of the way this government treats human beings as scorecards and produces score systems less sophisticated than I did with my classmates when I was in primary (first) school. I've noticed Patel's scoring system is in multiples of ten - can't be very accurate. I would guess a large chunk of Psychoff's premium charge contributes to Betfair's tax bill, which he gets no credit for.
Care staff considered to have low skills, traders and gamblers considered having zero skill, sorry, I should be on the rant thread.
Care staff considered to have low skills, traders and gamblers considered having zero skill, sorry, I should be on the rant thread.
Imho that's relatively cheap for the value that you're getting, I was expecting something closer to 5k for the advanced stuff, although I doubt he's going to be teaching the scalping parts, just how to find value and stuff. One of my friends has been selling his niche tennis edge for like 20k for years, he's been trying to promote his stuff and everything
Not sure I agree with that one but his edge probably doesn't really have the longevity compared to Psychoff's edge, so maybe it makes sense to try and cash in while you can.The visa part though is a huge bummer for all foreigners, this gives us the perfect excuse to sell all sorts of stuff, I love it
I've not really looked at the business side of things from that angle, but there is definitely a market here. Very few genuine traders around with quality stuff, something to ponder for sure.Are you being serious? He's offering the basic and advice course for £2499!!!
Luke wouldn't even understand the basic course (he didn't even reply to Psychoff when personally invited to ask questions because he thought Psychoff was timewasting
) and it goes without saying that anyone who doesn't even know the difference between backing and laying and needs to spend £1000 to learn it is wasting their money on an advanced course. Coupled with the fact, if it happens to be true, the reason behind the course is to pay tax to acquire a visa, you'd have to be completely bonkers to sign up.How much time has Psychoff spent preparing this £200 per hour course? Did he start preparing the curriculum the moment Pretti Patel made an announcement?
You can be the best trader in the world, but it doesn't make you the best teacher in the world. If you're charging £200 per hour and it's not even personal tuition but a class of 10, and as SB alluded to the website looks quite hastily put together, and the cost of learning the difference between backing and laying is the same as learning the advanced stuff, it doesn't give you much confidence.
Last edited by Derek27 on Fri Feb 21, 2020 12:44 am, edited 1 time in total.
Yeah, I'm almost always serious?
You're talking about an endgame trading edge here with endless scalability. I'm pretty sure I went into great details on this forum many times about how much I personally value such an edge, I think this type of edge may actually be the hardest one for traders to learn. A lot of people can spot the obvious opportunities but they can't exactly do it on a daily basis, I'm pretty sure it would have sold out just as easily for double that price.
Not sure how much a complete newbie like Luke would be able to absorb from it, depends on the curriculum I guess. Your edited part about the teacher I definitely agree with, great trader doesn't automatically mean great teacher. Doesn't matter how the website looks, it serves a function, you don't need eyecandy and endless testimonials when you have all the credibility in the world. Still, you can't realistically expect most of the students to benefit from the course, I'd say only a small part of them. Kudos to Psychoff if he can make most of them profitable.
If you're charging £200 an hour to teach people the difference between backing and laying, you really do need an eyecatching, if not hypnotic website. Can you imagine how much people on this forum would have made if we were all paid £200 an hour for the time we spent on Luke? Psychoff offered his time for free as well, but Luke valued our time more.
The point I was making about the website is that it seems to have been put together in a hurry, rather than a well planned training course, possibly with a visa as an objective rather than teaching people to trade. If he just offered the advanced course, I wouldn't have commented on this thread or his website - I know nothing about football trading. But £1K to learn the basics of trading drew me into this thread.
The point I was making about the website is that it seems to have been put together in a hurry, rather than a well planned training course, possibly with a visa as an objective rather than teaching people to trade. If he just offered the advanced course, I wouldn't have commented on this thread or his website - I know nothing about football trading. But £1K to learn the basics of trading drew me into this thread.
That's probably a bit unfair, to say that you would be paying 1k just to learn the basics. I would imagine he needs to cover all of the basics of trading and using software for all the people coming over from straight punting/betting, not just the newbies.Derek27 wrote: ↑Fri Feb 21, 2020 1:16 amIf you're charging £200 an hour to teach people the difference between backing and laying, you really do need an eyecatching, if not hypnotic website. Can you imagine how much people on this forum would have made if we were all paid £200 an hour for the time we spent on Luke? Psychoff offered his time for free as well, but Luke valued our time more.
The point I was making about the website is that it seems to have been put together in a hurry, rather than a well planned training course, possibly with a visa as an objective rather than teaching people to trade. If he just offered the advanced course, I wouldn't have commented on this thread or his website - I know nothing about football trading. But £1K to learn the basics of trading drew me into this thread.
Can only speculate but there are probably some "basic" and "easier to understand" strategies in the basic course, while all of the more complicated stuff is probably in the other one.
Is it even possible for someone who knows nothing about trading to learn information in 5 hours that's worth paying £1000 for?Kai wrote: ↑Fri Feb 21, 2020 1:40 amThat's probably a bit unfair, to say that you would be paying 1k just to learn the basics. I would imagine he needs to cover all of the basics of trading and using software for all the people coming over from straight punting/betting, not just the newbies.Derek27 wrote: ↑Fri Feb 21, 2020 1:16 amIf you're charging £200 an hour to teach people the difference between backing and laying, you really do need an eyecatching, if not hypnotic website. Can you imagine how much people on this forum would have made if we were all paid £200 an hour for the time we spent on Luke? Psychoff offered his time for free as well, but Luke valued our time more.
The point I was making about the website is that it seems to have been put together in a hurry, rather than a well planned training course, possibly with a visa as an objective rather than teaching people to trade. If he just offered the advanced course, I wouldn't have commented on this thread or his website - I know nothing about football trading. But £1K to learn the basics of trading drew me into this thread.
Can only speculate but there are probably some "basic" and "easier to understand" strategies in the basic course, while all of the more complicated stuff is probably in the other one.
It can be taken as fact that the majority of new traders will never even make any money from trading nevermind £1K. So paying £1K to learn how to use other software and the basics of trading is stupid. Charging an idiot who's willing to pay £1K for what people like you and me could learn in an hour just by reading the manual is taking advantage of people who are stupid and have no hope of learning to trade, possibly just to get a visa for yourself?
In other words, you'll know absolutely nothing about trading that you couldn't have got for free but will have £1000 less to deposit in your Betfair account to get started.At the end of this course, the participant should be able to understand basic exchange logic and concepts and put them to use and also use the Geeks Toy software and perform basic and advanced trading in the exchange markets.