This is My Stock Trading Journey

Featured Traders

All of the posts under the "Featured Traders" category.

Meet Featured Trader Tracey

If you’re looking to hear from someone who taught themselves to trade after only attending NVOWS Seminar 1 then look no further because Tracey has done just that.  This couple has worked so hard and learned so much through books, great internet sources and trial and error.

Q: How long have you been trading?

A: Since June 2014. Took several months off and have only now recently begun trading again.

Q: How many trades do you think you average per month or year?

A:  Since starting back about 3 per month.  Before I took a break,  I had over traded.

Q: Why did you decide to start stock trading?

A: I’m tired of having the majority of my time spent on making someone else wealthy when I can spend that time with my family.

Q: Have you been to any NVOWS seminars?  If so, which ones and what were your thoughts on them?

A: I went to Seminar 1.  They are very good at creating the vision of being your own boss.  There was way too much sale’s pitch and not enough time spent on the basics.  I wish they would spend less time on selling and more time on trader psychology and basics.
Q: Is stock trading what you expected?

A: No.  If they had spent more time on trader psychology I would have been better prepared to handle my emotions in a trade.
Q: What strategy do you prefer? (i.e. spreads, stocks, options, etc)

A: Buying calls and puts.
Q: Would you recommend someone join Top Gun?  Why or why not?

A: Can’t really comment because I’ve never been to Top Gun.

Q: Besides NVOWS materials what other resources (books, websites, people, etc) do you use?

A: Michael Sincere has a good beginner’s book on options.  I follow a few folks on Twitter to check my opinions against theirs.  Jeremy Newsome has a decent website www.reallifetrading.com/.  Almost all of his stuff is free (videos,
e-books, etc.)

Q: Anything else you’d want to add?

A: The information NVOWS teaches is good, but it is not top secret.  The motivated individual who can’t afford their advanced seminars can get educated themselves if they will persevere, not give up, and keep their hand to the plough.

Trader December 16, 2015 Leave A Comment Permalink

Meet Featured Trader, Kelly

Meet our newest featured trader, Kelly.

Q: How long have you been trading?

A: 1.5 years

Q: How many trades do you think you average per month or year?

A: 3

Q: Why did you decide to start stock trading?

A: Husband thought it sounded like my personality

Q: Have you been to any NVOWS seminars?  If so, which ones and what were
your thoughts on them?

A: 1,2,3,4,Entity  Too much selling and not enough practice  Good info too
 
Q: Is stock trading what you expected?

A: Yes

Q: What strategy do you prefer? (i.e. spreads, stocks, options, etc)

A: Working towards Credit spreads

Q: Are you consistently profitable?

A: Not yet

Q: Would you recommend someone join Top Gun?  Why or why not?

A: You can get the info cheaper other places

Q: Besides NVOWS materials what other resources (books, websites, people,
etc) do you use?

A: Trade smart University has great videos and they make it very understandable! 

Q: Anything else you’d want to add.

A: Would love to meet in Omaha maybe 1 time every 3 months to talk about what is working for people and what to avoid.

Trader October 14, 2015 3 Comments Permalink

Q&A with Marcel

And now presenting to you the next installment in our trader interview series…meet Marcel.

Q: How long have you been trading?
A: I have been trading since September 2013

Q: How many trades do you think you average per month or year?
A: On average I would say 1-3 trades a month.

Q: Why did you decide to start stock trading?
A: I had always been interested in the stock market, and wanted to learn how to invest. Initially I did not know the difference between an investor or trader, but now have come to understand that when I am trading my money is in the market for less time than the typical investor.

Q: Have you been to any NVOWS seminars?  If so, which ones and what were your thoughts on them?
A: Yes I have attended Seminar 1 ( Knowledge is better than Gold) about 3 times. In this seminar I learned a tremendous amount about the market, how it works and how I can use this vehicle to create wealth for my family and future generations.  I have also attended Seminar 2 , and learned the wonderful world of options!

Q: Is stock trading what you expected?

A: I honestly had no idea what to expect.  I regularly heard things about trading and when hearing the opinion of the typical buy and hold strategists a fear of trading was created, as they made it seem that smart investors buy and hold and typically likened trading to glorified gambling.

Q: Is there anything you know now that you wish you had known when you started?
A: No. If anything I wish I could have learned about trading sooner in life. I wasted so much money on things I don’t even own anymore. It would have been great to take that money and put it towards something useful, like my future business. Once a person learns something it is soooo easy to then go and find the same information and say “Hey I could have learned this sooner” but, I have a saying that goes “You don’t know, what you don’t know, until you learn what you don’t know”. In essence NOW that I have learned a strategy I can easily go find sources that simulate, and talk about this strategy, and NOW I have the luxury of saying “oh I could have learned this without spending X amount of money to know what I know now”, but the reality of the situation is if I did not learn what I learned in Seminar 1 , I would have no clue what to look for. Who knows maybe one day I would have discovered this wonderful strategy, but in the information age where there is a plethora of bad information mixed in with a finite amount of good, who knows how long it would have taken. I am writing this in May of 2014. I took my first seminar 1 in March of 2013, there is no way I would have half of the information I do now had I not attended seminar 1 with NVOWS.

Q:Are you consistently profitable?

A: I am pretty much even for the year.

Q: Would you recommend someone join Top Gun?  Why or why not?

A: Yes. I invested in my family business, and any child that I have from now on will also be able to participate in our business. I am leaving a legacy behind that will change my family for the better. The information I have received is invaluable, and it was worth the money I put in to get it. Every year thousands of high school graduates enroll in their first semester of college. For the price of that first year’s tuition at a university, I have gotten a much more valuable education in my opinion.

Q: Besides NVOWS materials what other resources (books, websites, people, etc) do you use?

A: First and foremost, I am getting in the habit of praying and asking Jesus for guidance before making any decision. I have endeavored to learn market tone on my own so, I read Reuters and MarketWatch to get a feel for the market tone, and compare my discoveries with NVOWS market alerts. I also bounce ideas off of my brother who is also a Top Gun. I do trust NVOWS, but I want to fly my own  plane.

Q: Anything else you’d want to add.
A: If you are thinking about taking Seminar 1 with NVOWS… Just go!  99.00 bought me a new opportunity. It bought me hope for dreams that I thought were unattainable.  IF you are anything like me, I am sure you can make a list of worse things or less valuable things you have bought that cost equal to or more than 99.00.  Take a chance, what do you have to lose?

Trader September 23, 2015 2 Comments Permalink

Q&A With Trader Dana

Welcome to week two of our trader interviews.  This week we meet Dana.

Q: How long have you been trading?
A: I joined TopGun in April of '14, so a little over a year

Q: How many trades do you think you average per month or year?
A: 2-3

Q: Why did you decide to start stock trading?
A: I am retired and wanted to supplement my income

Q: Have you been to any NVOWS seminars?  If so, which ones and what were your thoughts on them?
A: I have been to all of them several times.  Seminar I is a sales seminar, not very useful for trading IMO. The others are pretty good.

Q: Is stock trading what you expected?
A: Yes. It is hard work, but can be a lot of fun too.

Q: Is there anything you know now that you wish you had known when you first started?
A: Not really. Trading is a game of experience, not book learning.

Q: Are you consistently profitable?
A: So far so good. I am better at credit spreads than Calls and Puts.

Q: Would you recommend someone join Top Gun?  Why or why not?
A: Depends on the individual. This is not a get rich quick scheme.

Q: Besides NVOWS materials what other resources (books, websites, people,etc) do you use?
A: Yahoo Finance, Bloomberg, CNBC.

Anything else you'd want to add.
I couldn't do this part time. With my personality, I need to be engaged with my trades without distraction.

 

Trader August 23, 2015 Leave A Comment Permalink

Q & A With An Actual Trader- Kevin

This is the big day!  For over a year I’ve been working on a special feature for my blog where ordinary everyday people turned traders would answer a few questions.  I hope this feature will help guide many as they decide if trading is for them and who they should learn trading from.  I also think many traders will benefit from learning how other traders are doing and what is or isn’t working for them.  Each week I will highlight one trader until I have no responses left.  If you would like to be one of my ‘ordinary everyday’ featured traders please shoot me an email.

So without further adieu…meet Kevin.  He should really be one of those people in my People You Meet Along the Journey post because he is definitely one I would not have met had I not started trading.  We met through my blog and he’s been my closest ‘trading friend’ since.  We’ve been bouncing trades, stock market theories and life off one another for years now.  Two weeks ago my family was fortunate to meet his beautiful wife and family as we passed through his neck of the woods for a wedding.  They were gracious to open their home, table and lives with us as we talked well into the night. (At least it felt that way since we all have very little ones.)  Okay okay enough with the rambling, here is a little Q & A with trader Kevin.

Q: How long have you been trading?
A: On and off for over 2 years.
Q: How many trades do you think you average per month or year?
A: When i am actively trading, I average about 5-10 trades a month.
Q: Why did you decide to start stock trading?
A: I was initially drawn in by radio ads from David Mitchel, and attended a 2 day seminar and enjoyed it a lot. But long before that, I believed (and still do) that the stock market is one of the few remaining level playing fields where anybody, regardless of background can make money with the right skills.
Q: Have you been to any NVOWS seminars?  If so, which ones and what were
your thoughts on them?
A: I’ve attended seminar I twice, and seminar II three times. I enjoyed both seminars, but they tended to run much longer than needed. I think both could have been condensed into a 1 day seminar by omitting much of the up selling on their other seminars and products. The information from seminar I lays the foundation on knowing when to be in the markets and provides a basic strategy for market timing, and seminar II teaches options buying strategies using the same chart patterns taught in seminar I. The seminar speakers are knowledgeable and entertaining, but their presentations are basically derived from slides made by David Mitchel. Sometimes the information on the slides begs a question that goes un-asked, and I found that sometimes the best bits of information gleaned from attending the seminars came from privately asking the speaker during a break rather than during the actual presentation.
Q: Is stock trading what you expected?
A: Heck no. I never expected the emotional roller coaster it would turn out to be for me. I never expected it would be so tempting to not follow basic rules.
Q: What strategy do you prefer? (i.e. spreads, stocks, options, etc)
A: I prefer buying options, long calls and puts. Spreads come in at 2nd.
Q: Is there anything you know now that you wish you had known when you
first started?
A: Can the answer be “everything”? In all seriousness, if i had to give myself advice 2 years ago, i would say to stick to the basics, all of the fancy strategies you are tempted to try out are a dead end. Timing is everything and getting the stock direction right is only half the battle. Buy options with plenty of time till expiration to give your position time to work itself out. Don’t get greedy and take profits when you still have a chance. Don’t try to shadow the trades of a day trader who makes millions unless you are actually approved to day trade in your account. (I was dumb enough to try this).
Q: Are you consistently profitable?
A:Not at all. I’m consistently unprofitable. I’ve made thousands and lost thousands, but i’ve definitely lost more than i’ve made. Every loss is a lesson, and sadly i think learning the hard way seems to be the only way i’ll learn. On the bright side, I think i’m on my way to actually learning to not do dumb things.
Q: Would you recommend someone join Top Gun?  Why or why not?
A: This is a tough question, because I want to say yes! absolutely join top gun! The information taught is good and solid and has the potential to earn you much more than you paid in tuition, but now that i’ve been around the block so to speak, I am a little hesitant to recommend. Why? Because the information is readily available for free elsewhere. The tricky part is knowing what information to seek out online. Listening to the wrong person can be very costly, which I know from experience. I am tempted to tell just a few key words you can google to find all the information you’d ever want, but maybe that’s not fair. You’ll just have to sign up for top gun. 🙂
Q: Besides NVOWS materials what other resources (books, websites, people, etc) do you use?
A: In no particular order: 1option.com has a daily market analysis that is helpful. Even more helpful is his “options strategies” and “option Q & A” sections which are a goldmine of information. I also visit https://tradinglicks.wordpress.com/ which has a unique perspective on the market. The blog author invented a market timing indicator using volume alone and i think it can be a valuable tool to see which direction the big money is pointing towards. I also sometimes i listen to the market recaps from Brian Shannon, a certified market technician at http://alphatrends.tumblr.com/. He has some enlightening blog entries as well. I’m also reading a book by Richard Wyckoff, one of the pioneers of technical analysis – the guy who coined the terms “support and resistance”. Much of his book is in harmony with NVOWS/David Mitchel, but his ideas on volume analysis are different (and better). The book is called “The Richard Wyckoff Method Of Trading and Investing in Stocks”
Anything else you’d want to add.
A: There is a reason most people lose money in the markets. It is hard! Don’t beat yourself up if you’re one of the 85% of market participants not making money. Keep at it, keep learning (from good sources teaching sound principles) and dont give up. A person who takes risks with his/her money is wiser than the person who sits on it, even if the risk does not end with reward. Money will come and go, but the experience and knowledge gained from participating in the stock market cannot be replaced. Many people after years of hard work and determination finally have their light bulb moment and began consistently making money, but prior risk and failure is almost surely a part of that path for most.

 

Trader August 13, 2015 Leave A Comment Permalink

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