This is My Stock Trading Journey

David Mitchell

All of the posts under the "David Mitchell" tag.

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?

 

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 4 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 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

How Much Did I Pay?

One question I am often asked is, how much does Neuventure on Wall Street cost? That question has a complicated answer that I can only answer from personal experience stating how much I spent and how much I have heard them offer their seminars, cruises, Practice in Paradise, home study courses, webinars, etc for. These prices often change. In fact if you’re at one of their seminars you’ll see them pull out a current price sheet that changes from time to time. Prices vary based on whether one pays cash or sets up a payment plan. There is also a discount on everything if one is an Insider. So let’s dive in.

One can buy each seminar separately or choose to buy Seminar 1 and 2 together which they call “Flight School.” This cost my husband and me $6400 cash. It would have been more had we not paid cash. They also have “Top Gun” which includes all their Seminars 1-4 and sometimes a bonus Entity Seminar. The sticker price is $41k but with ‘discounts’ it’s usually between 12k-14k. Remember these are just general figures. You would need to talk to NVOWS to get exact numbers. “Top Gun” usually includes some extra perks like a few months of free webinars or “Insiders” etc. You can become an “Insider” for $49.95 per month. This includes Market Alert emails that are sent out most trading days with updates on what is moving the market. They also periodically post stocks to a stock calendar that they think might be nearing good buy points. There is an Insider section on their site that has tutorials, a list of best and worst performing industry groups, a list of the most fundamentally sound stocks and a weekly article written by David Mitchell that gives an overview of the past week of trading and news ie market tone. For those who use the NVOWS recommended Telechart stock charting software Insiders also Includes David Mitchell’s current settings that are available to download.

Then there are lots and lots of up sells beyond the seminars themselves. Home study courses at the time of this writing have a sticker price of $850 each. You read that right. But at the Seminars there is usually some sort of deal offered on them like 2 for 1 for example. According to NVOWS website 6 types of webinars are offered. We have been on the coaching webinar since we started a few years ago and it’s around $20 a month and lasts 55 minutes on Monday evenings. The other webinars offered are more specialized and more expensive. The options webinar for example has a sticker price of around 9k. Then there are trips/cruises where certain strategies are taught. The sticker prices of these range from around 17k-25k. As you can see there is plenty of money you can spend to get the full picture of what they offer and they seem very careful, almost secretive about not letting out any information that they offer for these high prices.

Let me be completely honest here. Over the past 3 years of trading with NVOWS training I have come to believe that if you can afford all the seminars, webinars, home study courses, trips, coaching, etc, you will have a very solid foundation of knowledge to trade the markets. If you can’t however afford all they have to offer there will be gaps in your knowledge and you will need to seek it out on your own. They seem very good at holding back just enough knowledge so that you will have to buy the ‘next thing’ to improve your trading. It’s a business. One thing you can do is shop around. There are many companies that teach people how to trade and this may be one of the more expensive I’ve run into so it’s important to look into your options and make an educated, God guided decision before investing.

Trader November 23, 2014 7 Comments Permalink

The NVOWS ‘Pep Talk’

Since I started learning trading from Neuventure on Wall Street 3 plus years ago I have had my share of ‘pep talks’ from the coaches and David Mitchell. If you’ve spent any time trading with NVOWS you’ll know what I’m talking about here. For those of you who don’t know, the ‘pep talk’ consists of a coach or David Mitchell himself telling you to look at the big picture when you’re struggling and see your trading as a whole over your entire lifetime of trading. They often mention the ups and downs of trading and how many students have not had instant success. Jenny Taylor’s name usually comes up somewhere in this pep talk reminding us that even she missed her first 7 trades was it? They also talk about what a hard market this is to trade in. The hardest they’ve ever seen. I’ve been hearing that for 3 years by the way and I still believe it’s probably true. It probably has been one of the hardest markets to trade in for the past 3 years.

This ‘pep talk’ can take place on the phone, through Market Alerts, Coaching Webinars and they even had an event devoted to the ‘pep talk’ called MayDay.   For my first year or so of trading I thought I was maybe one of the only ones who was having a hard time and wasn’t profitable until that is I started hearing the ‘pep talks.’ It got me thinking that if they have entire Market Alerts, Coaching webinars and even a full day event devoted to trying to help people who stink at trading continue on, then their must be A LOT of students who are having a hard time.

That means….I WASN’T ALONE! YAY! But it also means trading must be really hard and few find success…BOO. THAT STINKS!

This past Monday nights coaching webinar had a great pep talk by Geoffrey. Who doesn’t like a little Geoffrey encouragement now and then? He has always come across to me as a down to earth, realistic guy who seems to care about us students. When the pep talk started however I must admit I caught myself thinking, “Here we go again. Another NVOWS pep talk for all the struggling traders.” And while I did find it encouraging on one hand I also found it discouraging at the same time because it reminded me again how many students must be struggling if they are devoting half a coaching webinar to the ‘pep talk.’ This pep talk had something that I had never heard. Geoffrey talked about how perhaps we are laying the ground work for future generations. Maybe we personally will never become successful traders but maybe our children or grandchildren will. Woah. If I live to an average age I have about 40 more years of trading. I tried to wrap my mind around trading for another 40 years and consistently losing money and sending Telechart money every month for their software and NVOWS money every month for their webinars on top of the money I’m losing. That doesn’t even sound wise. That sounds like a huge waste of time and money. So while I hope my children will be successful traders someday, I only hope that if God leads them that direction and I will only continue trading as long as I think God wants me to.

How ‘bout you?

What do you think of the NVOWS pep talk?

Have you heard many? Who is your favorite coach to get a ‘pep talk’ from?

Trader October 22, 2014 8 Comments Permalink

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?

 

 

Trader August 4, 2014 14 Comments Permalink

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