Wolves of Instagram: selling the sizzle not the sausage!

[Trader Pat]

Dammit I can't see it now

Was nothing too exciting, just the bloke from Blackpool and Skipton talking about himself! The BA mods have probably done you a favour by removing it

[leewillo75]

In the way he avoided answering it.

I might be being silly here but didnt betfair use caan years ago to promote trading on the exchanges .....

Cant see them doing that if the bloke wasnt making money

[gutuami]

What's your opinion of the CranBerry?

I haven't seen any of his p&l so can't form any opinion about him. but by all appearances he seems a regular trader who would do much better if using a better software ...

[PeterLe]

Folks,
I just want to set the record straight about Caan
Ive met Caan at different events over the years and we even did some work together
He’s a genuine guy and a good trader (I’ve sat next to him on occasions at his flat and watched him trade). He’s not a fake.
I have no reason to lie
If you met him face to face, I think those of you who doubt him would change your minds

Yes, he has material for sale, but I would do exactly the same if I could. He doesn’t hide anything and he genuinely wants people to succeed.
The truth is he has worked his arse off to get to this position. Its unfair for people to make snap judgements
His blog is worth reading from the start if you get the chance and you will see the journey he has made.
regards
Peter

[brimson25]

I wanted to say, I didn't mean for this to become a witch-hunt. (Although, of course, it makes sense to relate this back to what posters here know).

I think there's probably a spectrum: outright fraud at one end of it and expert training at the other. Even then that will be clouded, because of the temptation of some people to blame their failures after (expert) training on that, rather than properly on themselves.

I was astonished that some of the claims in that article, but I guess it shows the power of people wanting to believe in something, and being willing to ignore evidence that all is not right (or being educationally or cognitively unable to see that evidence in the first place).

Seems some people have forgotten the last part of the old saying - if something seems too good to be true...

[LeTiss]

PeterLe clearly knows Caan better than 99% of others here.

I follow him on Twitter. I like what he says, there's no sugar coating with his opinions. I accept he isn't a natural in front of the camera like Peter Webb, and doesn't portray himself in the same articulate way as Peter, but nonetheless has some interesting things to say

[brimson25]

I agree with that. Not Caan, and not trading but more gambling twitter is a minefield btw. Amazing numbers of idiots congratulating themselves over 1.3 bankers (who are no-where to be seen when their 1.3 "banker" is gubbed).

I think it could be an enormously dangerous for nice, trusting people. My starting point, from which I depart if the evidence is there, is:

- why is this lying, liar, lying to me?

A good stance for gambling, with the sad side-effect that you become an embittered, cynical old man long before your time.

Still, better a cynic than a mug.

[spreadbetting]

Folks,
I just want to set the record straight about Caan
Ive met Caan at different events over the years and we even did some work together
He’s a genuine guy and a good trader (I’ve sat next to him on occasions at his flat and watched him trade). He’s not a fake.
I have no reason to lie
If you met him face to face, I think those of you who doubt him would change your minds

Yes, he has material for sale, but I would do exactly the same if I could. He doesn’t hide anything and he genuinely wants people to succeed.
The truth is he has worked his arse off to get to this position. Its unfair for people to make snap judgements
His blog is worth reading from the start if you get the chance and you will see the journey he has made.
regards
Peter

Fair enough you'll most likely know him a lot better than the rest of us then. I used to speak to him a bit in his early days and at the time he certainly came across as a genuine guy. I always get a bit cynical when I see people avoiding the PC issue as if it's nothing or somehow they're easily avoiding it, might be easy to generate a few hundred but trying to generate a few thousand each week in commission at 3% isn't as easy as people like to imply. I guess with the ebook side of things he's just maximising his income and I'd be very surprised if he's the driving force behind the website etc.

[ShaunWhite]

I always get a bit cynical when I see people avoiding the PC issue as if it's nothing

To be fair they all skirted the issue, As Dan alluded to, they all have an interest in not pissing off BF.

Even Peter just talked about overround, it's never been easier, it's better than transaction charges, and that it makes him do his straight betting elsewhere.

Nobody critisised it or talked about avoidance or the problem it causes, all I saw was 3 people with varying confidence public speaking.

[ShaunWhite]

I guess with the ebook side of things he's just maximising his income.

All three of them sell stuff.
Dan, his tennis ratings.
Caan, vids and ebook.
Peter, courses, 'learn to trade' vids, software etc

[spreadbetting]

To be fair they all skirted the issue, As Dan alluded to, they all have an interest in not pissing off BF.

The only way you piss Betfair off is by premium charge evasion , they couldn't care less if you avoid it by paying commission instead. There's always a lot of "nudge nudge wink wink" in the trading world all to imply people have nuggets not for sale

[spreadbetting]

I guess with the ebook side of things he's just maximising his income.

All three of them sell stuff.
Dan, his tennis ratings.
Caan, vids and ebook.
Peter, courses, 'learn to trade' vids, software etc

I'd have been very surprised if any of them attended the conference otherwise

At the end of the day it's up to people buying these courses/ebooks to do their own due dilligence as to whether they're going to get their money's worth.

[ShaunWhite]

At the end of the day it's up to people buying these courses/ebooks to do their own due dilligence as to whether they're going to get their money's worth.

Exactly, and it's worth working out beforehand exactly what it is you want to learn.

It's also not always the case that the ones who hype their skills the loudest, or have the biggest profits are necessarily the ones that teach a style of trading that suits your personality.

People often blame personality as a reason for failure, I think trying to fit a square peg in a round hole is a reason too. Even on here you get a mixture of 'pros', numbers guys, inplay race readers, botters, cold readers, footy, cricket, tennis specialist etc and from what I can tell, a pretty big range of personality types too.

[to75ne]

if you wish to learn a subject to any level be from an O level to a phd, or learn a skill such how to drive a car or fly a plane, there are reconised authorities who are legally able to award the relevant ticket that offers evidence that you have reached some level of abilty or authority in stated subject/skill.

that is the trouble with so called trading courses, there is no credable authority who can set a standard, and therefore anyone can run a course, publish books etc and can claim they are experts.

until there is a industry (if there is a trading industry personally i think it is a small part and parcle of the gambling world) accepted authority to set standards for such courses, and standards the teachers/instructors of any course have to have demononstrated they have achieved, ie a industry wide ticket, then sadly people such as mr webb and the badger (meles meles) and everyone in between are in the same boat, they both make claims that have not been reconised by any independant overseeing authority.

[ruthlessimon]

if you wish to learn a subject to any level be from an O level to a phd, or learn a skill such how to drive a car or fly a plane, there are reconised authorities who are legally able to award the relevant ticket that offers evidence that you have reached some level of abilty or authority in stated subject/skill.

.. & there are also authorities to revoke their "teaching status" should they underperform.

Just because my Physics tutor studied at Oxford, has had time awarded/theories tested at the HLC - doesn't necessarily make him a good teacher

Therefore, there would need to be a second authority, that sets a "benchmark", which is used to rank an educators performance (i.e. "what's the success rate of their students, compared to the benchmark of 5%"). That's such an important figure - more so than the credentials of the tutor.

If the Physics tutor above consistently didn't meet the benchmarked success targets; surely tptb are obliged to ask some very serious questions - & that this person is better suited to just practising Physics - not teaching.

It's too easy to hide behind good qualifications, & therefore level the blame at "lazy students" IMHO