Have you studied the Ken Roberts method of commodities & made money?
Wednesday, March 10th, 2010 at
7:16 pm
Live 4 now asked:
Many years ago I took the course, did some paper trading & then chickened out to go any further. I’m thinking of going through the course again & giving it a try. Even with placing stops, I’m nervous that I’ll lose a lot of money. I don’t mind losing the money I put down(put in $5k & lose it = okay), but I don’t want to lose a fortune(put in $5k & lose $50k = not okay).
Many years ago I took the course, did some paper trading & then chickened out to go any further. I’m thinking of going through the course again & giving it a try. Even with placing stops, I’m nervous that I’ll lose a lot of money. I don’t mind losing the money I put down(put in $5k & lose it = okay), but I don’t want to lose a fortune(put in $5k & lose $50k = not okay).
Tagged with: Commodities • Ken Roberts
Filed under: Commodity Trading
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think about it for 10 seconds, if ken roberts method of making money works, why would ken roberts be wasting his time putting together a course rather than just using his own method????
I have not used Ken Roberts method but if you open an account with 5000 and use stop loss than that is all the money you are going to lose. Also your broker won’t let you trade positions where you can lose more money than it is in your account.
“Methods” simply cannot persist to work. You should do some research on the Efficient Market Hypothesis.
I personally won’t trust any of these so-called trading gurus with my money, because there’s just one two many scammers around to determine if there really are some real gurus out there who are willing to share their strategies. If you really want to trade in the commodities and futures market, I would recommend practicing with real money. Trade small enough so that it won’t seriously dent your bank account, but big enough for you to feel the pressure of trading. As long as you have a good stop-loss, you can predetermine the amount you can afford to lose. If you will spend money on a course for knowledge, why not put the money in the market yourself and get some real experience out of it.
If you insist on taking Ken Roberts course, make sure you check his monthly performance for consistent gains not 100% gains followed by 50 percent draw-downs. If you still have questions, email me at. I consider myself experienced in the forex market as a currency trader and a gold trader, so I should have no problem answering your questions regarding the commodities&futures market.
I purchased and traded Ken Roberts course back in the mid 90’s. It is based on 3 elements. 123 Tops, 123 Bottoms and Channels.
These formations are just possible indicators. They do not consistently predict the direction of a commodity.
I traded gold and silver mainly. I made some money, but overall, I did not like losing $500 on Monday and making $550 on Tuesday. To much of a roller coaster.
Save your money.
Your first option should be to fund fully a retirement account. If you do this, and you have extra cash, then one of the best things you can do is open a DRIP Plan.
Go to : low-cost-stock-recommendations
.com
Click on the “DRIP’s” Button on the Navigation Bar
These powerful investment plans are seldom talked about because brokers make very little money when they suggest them. Yet, they have proven to be one of the best, if not the best, long-term strategy on Wall Street.
They are perfect for small investors, as well as big investors. They are safe and allow you to not care about whether the market is going up or down. They are a must for any serious investor.
If you decide you are interested in DRIP Plans, click on the advertisement on the same page “$4 to purchase stocks”. This will answer your next question, which is, How do I get started? and what is the least expensive way to get started?
I strongly recommend looking into it. They are great plans.
Good Luck
don’t waste your money.
For trading advice see commonsensetrading dot googlepages dot com.
You’ll stand a much greater chance of coming out ahead by following the advice given there. And it’s free.
And I can help you if you need help.
“I can help you if you need help.”
Give me a break.
Use your head.
The trick is to avoid any comments here that steer you to another site. That is where the rip offs are waiting for you. “Don’t trust those crooks-trust me!”
“Go to my glitzy website that is just aching to get your credit card on a monthly drai… er.. account. I’ll send you my monthly newsletter and make you into a millionaire!”
Crooks abound!
I took the Roberts course in the late 90s and found it to be quite compelling. I paper traded for months with several accounts of $3000 each. When I followed the plan, it worked. And it worked well! I doubled up 2 of them in less than a month. A 3rd was mildly successful and a 4th broke even after fees.
With experience, savvy and ZERO emotion, a guy could get filthy rich. FAST!
However when I used real money, A slick talker at a brokerage put every dime on this sugar thing that was supposed to be hot. I lost $2200 in less than an hour and the arse was back on the phone wanting more money.
The TWMPMM course cost Roberts money for years and it was wound down in 2006 as he is now aging and simplifying his company. The technical concepts he teaches are nothing new, nor are they his invention. There really isn’t much going on at the company to be worried about. He’s a regular Joe and quite entertaining.
And he absolutely didn’t have to put his course together because he was broke. LOL!
Pick up a TWMPMM kit on amazon or ebay for cheap and get a decent education on technical trading. Get a chart subscription, paper trade for a long time and record your conversations with your brokerage. Learn to place your orders as if you are a robot and don’t ask for their advice. EVER!
My best advice and good luck!