This is My Stock Trading Journey

Trading

All of the posts under the "Trading" 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.

Top 10 Things to Know Before Attending NVOWS Seminar 1 (Now known as TRADEway Step 1)

It appears that many people who check out my blog do so after hearing about Neuventure on Wall Street on the radio and a quick Google search leads them to my Seminar 1 review so I thought it might be helpful to put together a quick list of 10 things to know before attending a NVOWS Seminar 1.

  1. Overall people dress pretty casually. You’ll see plenty of blue jeans.
  2. Be prepared for A LOT of selling. There is almost as much time spent listening to sales pitches as actual stock trading content.
  3. What NVOWS teaches about trading is not a big secret. It’s not some kind of special information that only they have and the rest of the world is oblivious to.  (Yikes…I was actually naïve enough to think this on some level…)
  4. Google ‘swing trading’ before you go and read up on it. That’s basically what they will teach you.  I recently stumbled across this article and think it’s worth the quick read.  It’s entitled, “Is Making Money From  Swing Trading Too Good to be True.”
  5. There are many breaks and use them wisely. By wisely I mean network, talk to people, learn everything you can from the person sitting on either side of you.  Ask them how long they’ve been trading, what mistakes they’ve made, which coach do they like to talk to, are the home study courses, webinars and Insiders worth the money, are they profitable.  You get the idea and if you find someone who has been consistently profitable, I beg you to please send them my way.  I have only met 1 and would like to increase those numbers.
  6. Take a look around, you never know which other student sitting around you might one day be your coach. Happened to me.  I met a super nice guy in the row in front of me at a seminar.  I had been trading a couple years and he had just started a couple months ago and had never actually placed a real money trade yet.  So, I was walking him through how to use TeleChart and some of the different things I had learned over the years.  Within months I called into NVOWS and he answered.  He wasn’t a coach and speaker yet but within a year he was.  You can’t make this stuff up.  So just a heads up your presenter or coach may have very little actual trading experience.  This is one reason I’ve always enjoyed learning from and listening to NVOWS speaker John Quinn.  This guy learned trading inside and out and became good at it even before being hired by NVOWS.  He knows what it’s like to flounder and struggle and scrape to learn trading and he strikes me as a bit of a genius.
  7. Try to stay calm and prayerful. A lot of big numbers will be thrown at you and you will see dollar signs and visions of all your financial dreams coming true but try to stay calm and prayerful.  There is no rush.  They will make you think there is a rush and this is the best price and deal you will ever get, but it’s probably not and you can always retake the Seminar 1 again sometime where similar deals will be offered.  Just take your time to really count the cost and decide if this is what God wants you to devote your time and energy to.  Check out my post here for questions to ask yourself when considering trading.
  8. NVOWS teaches waaaay more than just trading. They teach people how to think outside the box of 9-5.  They spur on the entrepreneurial spirit.  They teach about politics, the Bible and risk.  My husband and I are thankful for the many ways our eyes were opened.
  9. It’s not a scam. The NVOWS corporate team seem to really love people and think they are helping people.  (I’m still personally trying to figure out if they actually are helping people financially but that’s not what this post is about.)  They are just a great group of people teaching others how to trade stocks and option, etc.
  10. Please check back into the blog after you go and share your experiences and thoughts. There just isn’t a lot about NVOWS on the internet and we students need to stick together and learn from each other.

Trader April 15, 2016 5 Comments Permalink

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

What’s going with this crazy market?

I ran across this video yesterday (Friday) and thought I’d share it in case others might find it helpful.  It’s just a quick overview of what’s going on in the markets and where we could be heading in the coming weeks.

You can also click here to view the video.

Trader September 5, 2015 Leave A Comment Permalink

Shemitah and the Stock Market

Who is ready to talk some Shemitah or Shmita?  Now is when about half of you are either nodding or shaking your head and the other half are wondering if I just sneezed or what in the world did I just say.

Shemitah is the 7th year of the 7 year agricultural cycle where God commanded the Israelites to let the land rest.

Leviticus 25:3&4 “Six years you shall sow your field, and six years you shall prune your vineyard and gather in its crop, but during the seventh year the land shall have a sabbath rest, a sabbath to the LORD; you shall not sow your field nor prune your vineyard.”

We are actually in a Shemitah year right now.  They usually start and end in September and this year’s Shemitah officially ends September 13th.  Now, what does this have to do with the stock market?  More than you might think.  The last Shemitah ended on September 28, 2008.  That date should ring a bell with most stock traders.  It’s the day the Dow crashed 777 points, a 9% drop.  The Shemitah before that ended September 17th 2001 when the markets reopened after the September 11th attacks and crashed 7%.  During the 1994 Shemitah year the bond market crashed.  In 1987 the stock market crashed.  I’ll stop there since you have the idea but several other major economic upsets have happened during Shemitah.  So will the market crash again on the last day of Shemitah, September 13th?

No.  Absolutely not.  Not a chance….it’s a Sunday 🙂

Could it crash sometime in September?  We’ll just have to see.

But how ’bout you?  Do you think we’re in for another crash this September similar to the end of the last two Shemitahs?  It’s definitely interesting.

For further reading check out these links:

http://www.wnd.com/2015/09/statistician-data-proves-shemitah-financial-collapse/

http://www.charismanews.com/opinion/51107-10-things-that-are-going-to-happen-within-15-days-of-the-end-of-the-shemitah

http://7yearcycle.blogspot.com/

 

Trader September 1, 2015 3 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

get_footer() ?>