Tradefair & Financials
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Has anyone been to one of his seminars?
He seems to have a good record, but not sure I believe it, as he is profitable year in, year out, and could earn millions a year working for a bank/hedge fund.
He seems to have a good record, but not sure I believe it, as he is profitable year in, year out, and could earn millions a year working for a bank/hedge fund.
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when is it? 25th of January?
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He does them every couple of months
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Don't need a seminar, just get a basic book on technical analysis and do a lot of screen time. A five minute chart and a 20 moving average may suprise you. Finding trades is not so hard, it's money management, keeping your head together and taking all the entries after a loss. Most can't do it.
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I got his book a couple yrs back and their was a email for you to contact him,he said he always answered as many mails as he could. I sent him a few from time to time and always got good answer but never strong advice, seams like a top bloke tho, genuine guy
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read--naked trader 2--latest edition
good read |
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I read the 1st one.
But seems more successful than Bernie Madoff at trading. Never even seems to have a bad month. Why? |
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You have to get over the idea that it's very difficult. There are guys sitting in rows in trading rooms making huge returns every day. They do the same thing consistently and cut the losers ruthlessly. It's more about mental control than complicated techniques.
I'm teaching myself to scalp the euro on 10 second charts, and on form and keeping sensible I hit eight winners out of ten. Some are tiny wins or scratch but the game is to avoid losers, not get big wins. |
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fair enough. scalping euro on 10sec charts, dont you get eaten by the spread?
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Spread on Oanda is only 0.9, and euro/usd can move 4-5 pips very quickly. You can be basically wrong and still get 1 or 2. But start getting it wrong too many times and a spiral down soon sets in. Start to seethe, try to repeatedly sell uptrends etc.
I'm not saying it's easy, but it can be learned. I'm literally trading pennies as it is frantic and takes some getting used to, but I'm beginning to read the market even on that scale. |
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He seems a decent bloke but you have to remember that he has a big advantage over the rest of us because he has thousands of followers, many of whom copy his trades.
That's why the share price of his latest investments nearly always move up straight after he announces it on his website and mentions it to his email subscribers. I guess that's why it mainly invests in small and mid-cap stocks. |