Friday, April 6, 2012

Hello all,

I would like this blog to be a forum of the experiences of actual students of the TD Ameritrade Investools Training Programs (e.g. Stocks, Options, etc.), which one must pay for (e.g. $499 to $20,999).

This is not meant to be an Investools Complaint Board but to be a place where people can put in their own experiences and opinions on the Investools Trading Program, be it good, bad or indifferent. Constructive criticism is welcome as long as it is done constructively and with details. (We all know the program costs money, and not everyone makes money with it, but I'm hoping for substance, not just complaints. I hoping to hear from all perspectives.)

Also, I am only interested in feedback after Investools was acquired by TD Ameritrade (post-2009), and nothing prior to that time. (So please nothing from the Let's Get Motivated/Business Week era when so much emphasis back then was on getting people to upgrade to more expensive programs.  And yes we have already read the fine print and know there is an automatic monthly fee ($39) to maintain access to some of the tools, after our initial subscription period runs out.)

Here's what I'm hoping to hear back on:

I realize these courses are expensive. And I also know this is not a get-rich quick scheme and they will not tell me what to buy, but their goal is to turn me into a well trained, disciplined trader.
  • In your opinion, are the courses worth it?
  • Do they effectively teach you how to find, adjust and exit trades in an overall profitable fashion and strategy?
  • Do they help you create and refine your trading plan?
  • If you are a disciplined investor and follow their training and guidance, can you trade profitably?
  • What do you feel is a realistic monthly AVERGE return you can receive on your invested dollars when utilizing the tools and strategies you've learned through Investools and TOS (ThinkOrSwim)?
  • Feedback on these kind if questions is requested.

Any and all feedback appreciated.

StevieK