This is My Stock Trading Journey

TRADEway

All of the posts under the "TRADEway" category.

Reflections on 7 years of Trading

I started trading in July 2011.  Tradeway told me that we were in an old tired bull and the bear was right around the corner and we needed to take all our money out of mutual funds and put them in cash before the bear hit any day. So we were in a squirrel or an old tired bull or a unual market situation for years.  I am being serious for YEARS we were cautioned that the bottom would fall out at anytime. Interestingly enough in early 2016 the market had a decent drop and then fired up for what Tradeway would end up calling a bear market and then new bull market.  This bull market announcement way officially made in February of 2017 one year after the new bull started. Thankfully the market continued to go up for an additional year before this most recent retracement.  In Tradeways email from March 2017 David Mitchell wrote, “If you look at the archives of the ‘It’s a Zoo’ articles, and the Market Alerts, you will find that on March of 2009, I announced that we were in a new bull market, and in July, 2011, I announced we were about to have a bear market crash.  Wall Street never acknowledged this, but it fell over 21%.  All of these predictions were true, and actually, quite accurate.” I started trading in July 2011 so I remember this announcement where he said we were about to have a bear market crash but his March 2017 email was the first time I heard him state that it actually was a bear market crash.  From July 2011 until at least 2015 we were still waiting for that bear market crash.  Tradeway was still cautioning us that it could happen at anytime and they were not yet calling that July 2011 drop the bear. Of course hindsight is 20/20 and you can call that now but what I don’t think is completely honest is acting like you were saying that then when you weren’t back then.  I have the Market alerts and insiders to prove it.  For at least 4 more years Tradeway was waiting for that bear market that they are now saying happened in 2011.  It’s just so interesting to trade with Tradeway for coming up on a decade and see how what they say at the moment things are happening is so very very different than what they will say about those same things in the market years later. Tradeway makes things sound very obvious and black and white about past events even though at the moment they were happening they had no idea what was going on just like everyone else. I’ve attached a picture of the S&P 500 for the years I have been trading.  Everything seems so obvious in hind sight but living it is full of so many unknowns.  What about all of you?  Have any of you been trading for a while and have a bigger picture on what it is like to trade in all kinds of environments with all kinds of unknowns?

Trader June 6, 2018 2 Comments Permalink

Big Changes for TRADEway

Almost exactly one year after Neuventure on Wall Street announced their name change to TRADEway they announced another round of big changes.  A couple weeks ago Katie Huber, David Mitchells daughter, explained these changes on a video that was sent out in an email and put on their Facebook page.  First TRADEway will be offering their second (formerly known as Flight School), third and fourth steps online.  This will also have breakout sessions and quizzes.  Second, the online study groups will use a new platform called Zoom. Third, TRADEway wants to make connecting easier by starting a TRADEway community where traders can interact and the final change is the addition of Friday coaching.

Without these changes I think TRADEway would have struggled to maintain competitive in a very competitive trading education sector.  Most trading education companies offer their content online and TRADEway was one of the very few who didn’t.  This kept them from recruiting many students outside the markets they held events in, severely limiting growth.  Even some who lived within those markets had trouble taking off work and attending a 2 day live event and then those who did often struggled to retain all that was packed into those events.  Being online will open the door for people all over the country and world to learn from TRADEway.

TRADEway students for years have been trying to find a way to connect with other students for trade ideas, encouragement, venting and to find out what is working for others and until now that has been so hard.  It’s about time TRADEway is creating a way for students to connect.  Until now I think some students were even becoming suspicious as to why it was so hard to connect especially when other trade education companies make it so easy.

And now for the big finale, Insider students can now get trade coaching 100% of the trading day instead of 80%.  Sounds like a no brainer but this has taken years and years to get and I know so many students will be happy with the change.

I am impressed with many of the long overdue changes and  I think they will insure further success for the TRADEway.

Neuventure on Wall Street becomes TRADEway

Woah!  Who saw this coming?  The David Mitchell led stock and option trading company called Neuventure on Wall Street has completely changed gears and names.  June 1st they made the big announcement that they are now registered with the SEC as an Investment Advisory Firm meaning they can now offer advice in that capacity.  They also decided a name change was in order and will now go by TRADEway.  But wait that’s not all.  They also revamped the weekly webinars for stock, options, credit and debit spreads.  From my understanding now instead of getting 10 trades that could take years to complete all 10, now you get just 9 months but 3 trades will be voted on each week even if you can’t use them because the market is ‘squirrely’ as they so love to say. (Speaking of which do you think they will still use the term ‘squirrel market’ with the new company?)

Anyway, now for a little editorial commentary.  My 2 cents in case anyone cares.  When I read the announcement email my jaw dropped as several thoughts raced through my mind.

  1. What the world?
  2. They may have just saved their company.  In fact in my opinion this change was ABSOLUTELY necessary.  Overall a large percentage of their students were not consistently successful.  The reason I know this is because in 5 years I have only met 1 successful student through events or my blog.  Not only that, I have never talked to an NVOWS student who knew someone who was consistently profitable.  Not one.  I think the word would start to get out.  The truth of the matter is I think most people were looking for NVOWS to be what the new TRADEway is.  People want help and advice from a trusted biblical perspective on all their finances not just the ‘20%’ they use for trading.  The entrepreneurial spirit needs to be revived in the US and that is what NVOWS has always strived for but now with TRADEway it seems it is more of a focus.  By becoming an Investment Advisory Firm they are expanding what they do and who they can reach exponentially.  Now it’s not just for those who want to trade or think they want to trade.  It’s basically for any believer who needs some help navigating finances from a biblical standpoint.  This was a genius much needed business move on their part and I applaud them.

Okay NVOWS I mean TRADEway students, let’s talk about this.  What are your thoughts?  Concerns?  If we can’t talk about this here, where can we?  I would love to hear from you.  I can hardly wait to see what a TRADEway seminar, I mean Step 1 or 2, is going to be like.  Has anyone gone to one yet?  I wonder what kind of up sells there will be now that they can give investment advice.  How much do you think that costs?

 

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