Are JL courses worth the money?
It depends.
For entry lever trader to purchase such course may look like a viable shortcut to learn art of trading. I suppose each of us was there: “if only I study that material really hard...”
JL is a very good marketer. He intelligently tells new traders what they want to hear. In opinion of many (that i’ve heard) his material is quite good.
I have never purchased any class from him but I was close. He chained courses such a way that to get what I was interested in, I’d have to pay way, way to much - even if I expected some good coming out of this. So, I stayed for a while with what JL make publicly available.
I do like his general approach to learning but noticed when it comes to details all the great ideas are lost somewhere.
I also get bad habit of treating back-testing as a primary learning tool form him. Well, it wasn’t only JL. Most of traders I was in contact with were talking BT, so I thought it was a settled matter.
In short, I agree with non recommendation but again I didn’t get any paid course from him.
My opinion is not about JL in particular but all courses of this sort. I bought couple of those and today I think I’d be better of if I didn’t.
On the other hand I listened to JL’s late presentation on Round Table and was positively surprised with what he was saying. Seems that he really changed his focus on what is important and turned away from ‘slogan teaching’. Of course he wont say his past teachings weren’t that great, but I see old axioms cracking (BT, probabilities and so on). I didn’t follow through and don’t know if he keeps on that path. Absolutely, he made progress and indeed it may be beneficial to listen to him today.
All depends on one’s expectations. If somebody seeks a trade that makes money over long time and is not willing, or have no time, or have no knowledge even how to start… hmm, there are other, cheaper options, I'd say. What do you expect? After so many years of trading an listening all those hours of courses do you hope to find some new trading secret? Most likely you’ll hear old concepts wrapped in new words and adapted to today’s markets, seasoned with fashionable indicators.
Here, on Aeromir, you have some options too. I’d take a closer look at Flex Trade. I don’t know much about it but like how Dave presented it when starting service. This is a service, not a course and you have to put some effort to extract importants to learn, but there is no other way - unless you do like jumping from course to course.
There is another one available on Aeromir and this one I do recommend. It’s Ali Pashei’s series. I purchased couple lessons to see if what I thought is true and I can write a recommendation. Still you have to cut through that crap with OOZ, UUZ, whatever. But again, it’s not enough just to sit through the classes. I don’t know the whole course, only few sessions. His style my not fit you. Good thing is you can sample it and decide later.
I suppose JL’s courses are in the ‘better’ category in options education. They are also relatively expensive. Are they worth the money? It depends. For me – not. You are not me. You may like them and benefit handsomely. Just don’t let any courses to substitute for your tradrer-thinking.