I had big hopes and big plans with TRI. I was prepared to listen diligently, do assignments regularly and put in all my effort. At the end I didn't learn how to trade, it's been 2 years since I finished TRI and I don't trade at all. I just know I shouldn't do it because I'm going to lose money. That's basically what I learnt. There's 3 reason that I see:1) TRI is all about theory and almost no practice - you need someone to look at your assignments (paper-trades) and give you feedback constantly. We were being told a thousand times to paper-trade (which I diligently did) but I failed most of the time and had no clue as to why. The Q&A sessions and over-saturated with additional very complicated information and you get to ask about 1 particular paper-trade which is negligible. 2) Guys that teach at TRI are all fantastic people and I have great respect for what they're doing but they have absolutely no sense about the pedagogy (with the exception of Grim). In other words, teaching is a profession that you study, you can be a great trader and a terrible teacher. Course meterials seem to be organized in chapters but it's all very confusing, terrible slides (5 slides for a 90 minute lecture is utterly catastrophic!), over-saturated with tiny almost invisible text, only 1 example of a concept, too much ranting and personal experience, 80% of lecture time is a waste of time. I'm perhaps too critical because I'm a professor at University level myself but if I tought my students like that nobody would pass an exam. 3) I felt as though TRI was for experienced traders from the very beginning, or at least for people who have a background in economics or finances. I come from a completely different field and I simply can't be in the same class with those people. During Q%A I didn't even understand most of other people's questions. At level 1 I had to learn the vocabulary, I had no idea what Brian was talking about, I made a list of over 350 terms from the field of economics and finances that I had never heard in my life. Brian just assumed that everyone knew the vocabulary. During the very first lecture he kept mentioning something called the 'dot com boom'. I had no idea what that was, so mush so that I wasn't able to spell it in any sensible way to find it's meaning on google. TRI should advertise itself as a course for people who've already traded not for total dummies like myself. It should perhaps create a separate course for beginners and focus on bringing people from point zero the their very first trade with the simplest tools possible. Forget futures and options and shamanic concepts and planet constelations. Teach me one easy setup, give me 100 assignments and check them all and give me feedback. That's how you learn. And last but not least, I am of course myself the biggest reason for my failure because I quit the whole thing after my disappointement - after finishig TRI I did one hundred paper-trades and my success rate was 46%, so basically guessing range. I have no idea how to trade. So, sadly my money's still lying on my bank account after I spend 3,5 K for TRI 3 levels.
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The Rational Investor (TRI) is a community and school for rational investing and trading.
Offering a subscription membership on a monthly basis and school classes taking you from beginner to advanced, at TRI we combine strengths of both fundamental & technical analysis. We give our community access to trade ideas & market commentary, a friendly and approachable community, proprietary market scanners, time tested money management strategies and much more. See more
