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Re: Dirk du Toit
I should add, as soon as someone steps foot into a public forum such as Moneytec with what appears to be the sole intention of promoting themselves and/or their merchandise they leave themselves open to critisism and comments. They have the choice of either defending their material in a rational way, or attacking the critic.
The trading methods outlined in your book, while unorthodox, are not unique. Averaging price has been around since the Ark in one form or another, averaging, grid trading, martingale, and lots of variations to them. You may have a novel way of averaging, I don't know, that was the purpose of reviewing your book, to find out. The purpose of book reviews is to offer prospective purchasers' a preview of what they will be buying and the reviewers appraisal of it, reviews have little to do with generating income or advertising revenue for a website, not this one anyway. If an author is satisfied his book is a good read then (s)he is likely to welcome an independent review. On the other hand....... Mick Last edited by MickMason; 04-30-06 at 08:57 AM. |
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Re: Dirk du Toit
Hi all,
I just want to preface this post by saying that I know I have hardly any posts here (heck, this may be my first), but I've been lurking at Moneytec for a long time and I post a lot on other forums. Anyway... I purchased BWILC about a year, so I don't remember a lot of the details, but, I do remember my feelings about the book after reading it. I thought they'd be appropriate in this thread. As I was reading the book, I remember learning a lot about the forex market in general. I also remember feeling good about Dirk's ideas regarding trading and system development. As I progressed through the book, Dirk alluded to the 4X1 system that would be explained later. I eagerly continued reading, enjoying what I read, but looking forward to the 'system' part. He even tells you at the beginning of the book, 'Many of you are going to want to just jump right to the system at the back of the book. Please don't do that. Read the book from beginning to end to get a good foundation.' Ok, I didn't want to, but I followed his advice and didn't jump ahead (I wanted too). I kept reading, getting closer and closer to the end of the book, and still no system. I was starting to wonder. Then, somewhere around page 200, the system. I eagerly read to the end of the book, soaking up as much as I could before the book ended. Finally, the book ended, and...... Utter Disappointment!!! That was my first reaction. A couple of days later, as I was mulling over things in my head, I realized that I had learned a number of important things in the book. But, for me, that still didn't make up for the disappointment I felt from the book. Here was my problem: I purchased the book because I wanted to learn to trade better, but also because I wanted to learn Dirk's 4X1 system that he said he was going to teach us in the book. What I got was, in my opinion, a very cursory overview of his system. You can't trade his system after reading his book. When all was said and done, although I learned many things, I felt the book was one long advertisement for his mentorship program. I don't mean any disrespect for Dirk, I'm just being honest, and expressing what I felt after reading the book. If he had shared all the details of the 4X1 system in the book so that I could potentially trade the system if I chose to, I would have been completely happy with the book. If, after doing that, he advertised his mentorship program for those interested in gaining a further understanding of the subtleties of the system, that would have been fine. But, in my opinion, you can't trade the system after reading the book. You NEED the mentorship. Entries and Exits were presented in a very ambiguous manner, and, although I understand the median grid concept, and even believe that it is a good idea, I can't trade it, because the subjects of entries, exits, and money management are so vaguely covered. Again, I don't mean any disrespect. I just thought I'd give my year-old 'review' of the book. It's not that the book didn't "deliver". There was a lot of good info. But, to me, it just Over Promised and Under Delivered. Just my honest review, Keris |
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Re: Dirk du Toit
Quote:
Thanks for the review Keris, I think it's important for people to be aware of the things you mentioned. My copy remains unclaimed so it seems his book is not that popular, but if anyone wants it then just email me at mickmason@hushmail.com and I will send you the download link. Mick |
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Re: Dirk du Toit
Quote:
1st third is "....in this book I will tell you....." 2nd third is a biography of the author 3rd third is promoting his mentoring program And to top it all off a discount voucher off his $1200 course. I can't make a silk purse out of a pigs ear! Too funny.... Mick
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