Neuventure on Wall Street (now known as TRADEway) Seminar 2 Review
In the past 3 years I have attended NVOWS Seminar 2 on options 3 times with 3 different instructors. My first was David Mitchell, the second was Chris Johanson and the third was a couple of weeks ago with John Quinn so obviously that one will be the freshest on my mind.
Naturally seminar 2 starts with a review of Seminar 1, once again going over rolling stocks and learning a little more about trending stocks. We then covered some of the most common patterns and bases. Then it was time to dive into options, starting with basic definitions and just the buying of puts and calls. I later learned on my own you can also sell (to open) puts and calls. I’ll admit my first Seminar 2 was a bit overwhelming as I tried to memorize and grab onto every last piece of option information taught. I felt as though if I didn’t grasp even one small piece that it would all fall down around me and I’d never grasp options. This isn’t the case. Even though there are still some concepts to this day within options that make my head spin I was able to learn a simple way to buy puts and calls. So simple I might add that I was a little surprised to pay $6400 to learn something that simple. But, having never stock traded before and being so new (at the time) to stock trading I had no idea that all this information was out there for the taking and even if I had, I don’t know where I would have even begun to look. Now that I’ve been trading for a few years though I would at this point feel a lot more comfortable navigating the stock/option trading information overload to find the bits of information needed to use such a simple strategy in my trading.
And what NVOWS seminar would be complete without the many long, relationship building breaks built-in as well as a good dose of selling. At this one I once again had the opportunity to buy the approximately 15k Hawaiian 3 day Practice in Paradise and the 10 Trade Options Webinar for about $2,500. Then there’s the $11,000 cruise I can take to learn new gap and news plays. Of course there is a whole new set of home study courses I could also buy on candlesticks, gaps and stock splits. One thing I would like to note here is that a thorough and complete stock trading training program will need to cover things like candlesticks, gaps, bases, indicators, etc. With NVOWS these things are only covered on the most BASIC level at their seminars if they are covered at all so if you want a more holistic view of trading you must buy these Home Study Courses or study up on them on your own or choose a stock trading training program that includes these in the upfront cost.
All 3 of my instructors were excellent and I learned some different tidbits from each of them. In addition to options this seminar also teaches the David Mitchell Advanced Stop Out Rule. The Seminar wraps up with looking through some real-time charts for great patterns and buy points and learning how to actually go into Eoption, (the brokerage NVOWS uses) pick out the correct option from the option chain and place a trade. I was comfortable buying calls and puts after taking the seminar just once but my husband appreciated attending the Seminar 2 again. Everyone is different and learns differently.
There are definite advantages and disadvantages to choosing a stock training program that is live. One huge advantage is getting to meet so many like-minded people and learn from them and be encouraged. Another advantage is it forces you to take some time out of your life to learn this new skill on a particular date and time. The drawbacks however include not being able to review the seminars at home as a refresher especially if you need more than just 2 days to understand the concept. You may have to wait months until another one comes to your area as opposed to other stock training courses that are all online and can be watched and rewatched on demand. Everyone has to decide what will work best for them.
How ‘bout you? What were your thoughts on NVOWS Seminar 2?