This is My Stock Trading Journey

Pre-Trading Couseling-What I Wish I Had Known When I First Started Trading

August 15, 2014 | 19 Comments

Before I got married my husband and I sat through weeks of pre-marital counseling with our Pastor and weeks more in a class setting. We learned so much and it helped get our marriage off to a great start.  As I celebrate my 3 year trading anniversary and think back to when I started perhaps that would have been helpful before I started trading. You know, Pre-Trading Counseling. Someone to sit down with me 1 on 1 and say,

“This isn’t always going to be easy.”

“This is going to take a lot of hard work.”

“This will stretch you and make you uncomfortable at times.”

“This will make you grow and refine you.”

“There will be times when you will second guess yourself and wonder if you have what it takes.”

Well I’ve put together just 4 of the things I wish someone had told me when I started trading and perhaps they can be helpful to someone else who is starting out particularly if trading with Neuventure on Wall Street.

  1. 300% returns are not the norm. Yes, that is what is used in the seminar examples giving me dollar signs in my eyes and thinking I’m going to always get the perfect buy and sell point. Doesn’t work that way. 300% returns come along but they are NOT the norm.
  2. It’s okay to get trading information from a variety of sources besides just NVOWS. At fist I was told I would just get more confused if I learned trading from anyone/anywhere else. This closed me off for maybe over a year of learning from outside sources and to be honest I just didn’t get enough information from only NVOWS to make me a great trader because I couldn’t afford all their programs that make up a well-rounded trader. I mean, I didn’t even learn historic horizontal lines from them and we all know those are a really big deal. It’s simply okay and even important to take advantage of some of the great information available through books, websites (here are some of my go to websites)  and other traders.
  3. Being an NVOWS “Insider” is not an excuse to casually look at the market and not do much while waiting for Market Alerts and Stock Calendar updates. For more time than I would like to admit I was extremely passive and would hardly glance at the markets until I got a Market Alert telling me it’s time to trade and here are some stocks to look at. Well by the time I looked into all of them they were past good buy points and I had missed the move…again. This is such an important lesson to learn early on. You must do the work yourself. Look through charts everyday. Set price alerts on stocks nearing good buy points. Check earnings. Be ready with stocks so when the market lines up you are ready to pull the trigger quickly.
  4. And the number 1 thing I wish I had known when I started is that trading is a ton of work.  I got the impression at my first seminars that trading was simple, anyone could do it and I could easily make a bunch of money. NOT THE CASE! It is hard work and involves sacrifice.  Sacrifice of free time is the main one. Instead of reading a nice recreational feel good novel or watching TV, evenings after the kids go to bed are spent pouring through charts, past trades and continuing to learn how to become a better trader.

Had I known some of these tidbits I could have probably learned more quickly and saved myself some disappointment. Other tools you can use are my questions to ask yourself when considering trading and my top 10 things to know before attending Seminar 1.  I know my pre marital counseling helped me learn some realistic expectations of marriage, my spouse and the effort it would take to have a wonderful marriage. So there was my attempt at a little Pre-Trading Counseling.

How ‘bout you?

What do you know now that you didn’t know then? Or what would you tell someone at Pre-Trading Counseling?

19 people are talking about “Pre-Trading Couseling-What I Wish I Had Known When I First Started Trading

  1. Pingback: First NeUventure on Wall Street (NVOWS) Seminar Review | This is My Stock Trading Journey

    • Hi Vince! Thanks for asking the tough questions I’m sure everyone is wanting the answer to. I’m a straight forward kinda girl which is why I know I could never be in government even though I’ve always had an interest in doing so. To answer your first question, my trading is improving. Steadily improving. I wouldn’t even dream of making some of the really stupid mistakes I made at the beginning like selling a stock at the open simply because futures were down that morning. I could list so many others but maybe it would be better just to check out my “Mistakes Made” post. I am so much calmer now than 3 years ago and the daily ups and downs of the market don’t phase me like they used to.
      Now on to your second question. No, I am not making a living off trading. Not even close. In fact I have only personally met 3 consistantly profitable NVOWS traders (now that I think about it, they all work for NVOWS). I wish I was kidding here and I wish I could meet more even through this site or email so I could feel encouraged and have more hope but that is the honest truth. That is one of the reasons I created this blog. I want people to have a place to get an honest look at NVOWS and trading from an everyday person so they can make an educated decision about whether or not this is what they want to devote their money, time and energy into.

  2. I am so happy I found your blog! I have heard the “informercial” for NVOWS on my local Christian Talk radio station and my hope was to be optimistic but my heart was telling me ‘to good to be to be true’. I am about four years from retirement and was looking at this as a part-time career.

    I am going to have to research this more…it’s interesting that the course creator talks about you can never get your ‘time’ back… you can loose and gain money but you can never regain time. To have only a third of the course being devoted to learning and the other to product sales and breaks…

    Thanks for your honest review and God Bless!

  3. Thank you for the valuable lesson of what to expect before I attend a conference. I’m a 20 year Army veteran, and I want to make a new career in trading, I’m working a job now driving a cement truck after trying to make the oilfield a career, that didn’t work out because of the extreme amount of time spent away from my family. What I’m trying to say is, if I decide to pursue stock trading, do I need to start at attending a seminar, or can I just go online and start that way, and learn as I go?

  4. Good to hear from you James. First of all thank you very much for your service! To answer your question there is no one way to learn about trading or get started. Going to a seminar is often easier because they have already filtered through the good and the bad to bring you some of the best strategies to use. All these strategies are readily available online and through books but it’s a matter of knowing what to take and what to leave. One thing I hadn’t considered when I took my first NVOWS seminar is there are a lot of companies that teach trading and I had never thought to shop around. Since trading with NVOWS I have also taken the Trade Smart University 8 session scholarship course that’s free and I learned ALOT. In fact I would maybe recommend you take it since it’s free and what do you have to lose and then go to an NVOWS Seminar 1 and then compare which company would be a better fit or just go at it alone with the internet, books and other traders. If you decide to go that route let me know and I will do my best to guide you to good info. You could also check out some of my recommended books or my post on my ‘go to’ websites. Let me know if you have any other questions.

    • I Googled NVOWS and found your Blog, thank you for your insight. I retired from my state job after 30 years just last week. I am interested in trading in the stock market. I attended seminar 1 knowledge is better than gold, last year for $100, seminars II, III, IV cost was way too expensive its called Top Gun at $15,798. Do you recommend Top Gun.

      • Hi Sonia, good to hear from you. My husband and I decided to just do Seminar 1 and 2 which is called ‘flight school.’ We reasoned that if we could make all the money they told us we could by just doing those 2 seminars then it would be easy at that time to put some of those profits toward becoming ‘Top Gun’ (Seminars 1-4). After 3 1/2 years of trading we still haven’t upgraded to Top Gun so you can read between the lines as to what that means. Also, there are many programs that teach stock trading and some are much cheaper. You could also check some of those out and compare before deciding. Trade Smart University is one worth checking out.

        • So glad I found your blog. I have learned more in a few hours here than anywhere I’ve been. I am still trying to decide if trading is for me or if I am cut out for it, but this has been a big help. I am researching and praying and moving slow until I am sure. You mentioned a free 8 session scholarship course at Trade Smart University but I have not been able to find it on their site. Must I be a member to get the “free” course? Thanks so much for your blog. It is a true ministry and I know you have and will continue to help many.

          • I’m answering my own question- really just passing on Trade Smart’s answer to my inquiry. The free scholarship course is no longer available. They do have a $39 per month membership where their classes are available which sounds like a pretty good deal. No obligation to continue. If anyone has done this I’d like to hear your opinion. I’m thinking Trader might be busy with a baby now. I trust all is well.

          • I’m glad you found the answer. I have been looking into it today and requested a phone call from them to get to the bottom of it but I’m glad to know the answer. Sounds like I’ll have to search around my blog and find where I had suggested TSU and make the correction so as not to confuse people. Thank you for taking the time to share what you found out. Which classes are available for $39 per month? I think the level 1 of Foundations of Stocks and Options (which used to be the 8 free scholarship classes) would probably be worth $39 depending on what ones financial situation is and if they can afford that.
            Just 7 days until baby is due so any day now I’ll be busy with baby. Until then I’m enjoying my full nights of sleep : )

  5. I just finished NVOWS seminar 1. I wish I would have read this before. I came out with rose colored glasses on. I have homework to do. Thanks for your honest; That seems to be scarces these days.
    Be Blessed

  6. Not sure who’s log this is but hello.
    I spent years trying to learn the stock market on my own … made some progress but wasn’t putting all the pieces together until I started at NVOWS. I completely agree with you that the first seminar didn’t tell you all one needs to know, but after sticking it out and taking the time do some (lots) of homework I’m glad I did. It’s an education and like any type of education some will do something with it and some won’t. They are no different than any other organization, the smart ones rise to the top and run the show and sometimes forget the rest of us ain’t that gifted… but again, if you want to learn something bad enough you’ll stick with it. I did struggle with the cost but figured a great education was worth the price of a used car.

    • So great to hear from you Bill. Thanks for taking the time to share your experience. I think that is so helpful for everyone. Would you be willing to share some details with everyone…how long have you been trading as an NVOWS student? How has it affected your trading? How profitable are you? What are some of your favorite tips you could give everyone? I think we can learn so much from each other and I’m hoping this will be a place we can do that with honesty and openess.

  7. The commercial about NVOWS is old! I hear it on WAVA 105.1 all the time. The gentlemen that talk about this is where he want to be but for low to medium income people like myself have a long way to go in trusting people. People are sometimes not given ALL the little details and the exact step by step process. In the mean time every time the owner of NVOWS has a seminar at a $100 a pop he does not have to worry about the stock market because he’s making all the money off the people in the seminar. Just my opinion and I’ve been looking for ways to invest for a long time. The NVOWS owner doesn’t even have to worry about investing at all at this point.

  8. Hello, I’m so happy that I stumbled upon your blog. I’ve had a hard time finding much of anything related to NeUVentures online. Since I haven’t been able to find much information online, I hope you will be able to answer some questions.

    1. You mentioned the following: ‘We can turn our $500 … into $20,000 in a few short months!’ Was this purely your goal or was it a result that the seminar leaders led you to believe would be probable or even possible? Were any types of performance guarantees made?

    2. Do the seminar leaders ever insinuate that trading stocks and/or options is simple or easy?

    3. How long has this business been operating? I ask this simply because I’ve found precious little information regarding the seminars, much less about performance, online (and no information from a reputable source such as Investimonials.) I subscribe to another options trading related website. Each individual trade is discussed and published on the website. The performance of these trades is verified by an independent third party and is publicly available on the site. I think this is vitally important.

    4. Based on the previous question, do they make their past performance available at the seminars?

    5. Are you allowed to trade with the brokerage firm of your choice?

    6. Do they actually recommend trades and send trade alerts? I assume that the upper levels such as Top Gun provide different levels of guidance and support.

    7. Do any of the seminars include a question and answer session? If so, are they transparent with their answers?

    8. Do any of the seminars discuss the fundamental analysis of income statements, balance sheets the economy etc? Do they discuss “The Greeks”?

    I’ve got several other questions, but I don’t want to overwhelm you with questions! I sincerely appreciate your blog, and thank you in advance for any information that you can provide.


    • Hi Sandy! That is a lot of questions. What has you so interested in NVOWS? Have you been to any of their seminars? It sounds like you do some trading already since you have a subscription to a trading site. How is your trading going? Okay enough with my questions I just love ‘meeting’ other traders and hearing their stories and learning from each other. I’ll do my best to answer all your questions. I agree there is little info about NVOWS out there and that is one of many reasons I started this blog.
      Question 1- No performance guarantees were made. I think a trading company would be crazy to do something like that. I was definately led to believe that if I followed the rules that $500-$20,000 what not our of the question.
      #2- They definately made trading seem way more simple and easy than it is but I’ve heard that they are being more upfront now about how challenging it can be.
      #3- I can’t tell you exactly how long this business has been operating. I started with them almost 4 years ago and they talked a lot about a girl named Jenny who learned from them and they went on to hire her and I think she was one of the first and my guess would be maybe she was a few years before me. My best guess is probably about 10 years tops. That is TOTALLY a guess though.
      #4-No past performance is available or tracked as far as I know.
      #5- Yes you can trade with any brokerage firm. They have the one you like but no one has to use that one.
      #6- It’s not a matter of Top Gun or not it’s a matter of joining their 50ish dollars a month Insiders. This entitles someone to a bunch of extra services including “Market Tone” emails and access to a “stock calendar.” This has stocks that they see at or approaching potential good buy points and the pattern that stock is in. They don’t say whether or not to actually buy it so their is no performance to track in that regard.
      #7-At their seminars one can ask a question at anytime. They seem to be very sincere caring people.
      #8- They talk about 3 ‘legs’ of a trading table. Market tone, fundamentals and technicals and how they all 3 need to be in place to make a trade. They go into varying degrees of details on each one. The greeks are discussed especially past Seminar 1 but these seminars are aimed at the person who maybe hasn’t even looked at the markets their entire life so everything is simplified and each one is only a 2 day seminar so only so much can be packed in. They offer home study courses that go into more detail for an additional cost.
      Whew I did it 🙂 I know you have other questions though so keep em coming. They are going to help everyone I’m sure.

  9. sounds exciting don’t it first of all you must have time to look into it secondly you must buy all there software and programs in order to proceed with in their firm

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