This is My Stock Trading Journey

review

All of the posts under the "review" tag.

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?

 

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

My First NeUventure on Wall Street (now known as TRADEway) Seminar

I had no idea what to expect when my husband and I went to Seminar 1 but I thought for $100 we can’t go wrong and I would just keep my mouth shut and support my husband since he was the one who originally heard about it and wanted to go.

When we walked into the large room at the hotel we checked in and received a book to help follow along and take notes in.  We found some coffee, a muffin and a seat.  While we waited for it to start we enjoyed the Christian music playing.

The 2-day Seminar began with why we need to manage our own money, the importance of time freedom, how wealth is created and why being an entrepreneur should be sought.  We went on to learn the basics of the stock market, how it works, why it works and its lingo.  During the rest of the seminar they continued with a basic course on swing trading.

There were a lot of breaks throughout the days and a long lunch break each day, which we happened to spend in the parking lot sitting on the curb eating our peanut butter and jelly sandwiches.  Well at least until a very kind man took us to lunch the 2nd day.  You can read more about that in my people you meet along the journey post.

So about one-third was teaching, a third was breaks and the other third of the time was spent selling other products.  My husband and I began to be very turned off by this and the price tags.  Call us naïve (I know we were) but we thought we would go and learn for $100 how to make a bunch of money and that’s that.  That was not that.  We found out there was thousands more to pay to learn even more.  Oh and it wasn’t as simple as ‘here is the product and here is the price.’  It was ‘here is the product and here is the price, but wait how about we knock off a few thousand and while we’re at it let’s knock off some more and you know what, we’ll throw this in too.’  We were completely blind sided but if you decide to go you’ll be expecting it after reading this and I think that alone will make it less irritating.

We had no previous background in the stock market and they did a great job at breaking it down to a most basic level and went at a speed we could easily follow.

By the end of the two days we thought we could really do this and be good at it.  I mean they showed us how EASY it is.  Piece of cake and if we join the ‘Insiders’ they will practically do it all for us.  They’ll pick the stocks and evaluate the market as a whole for us.  This is so easy we can do this even while we work other jobs.  We can turn our $500 (and that is literally all we had) into $20,000 in a few short months! We were so excited but even in our excitement we knew we needed to not buy anything and instead take some time to pray and seek God.  That is exactly what we did.  You can find out what we did after this by reading the rest of the story on my how we got started page or read my review on Seminar 2.

It only took us about 6 months to realize that those impressions we had were not reality.  It was not easy, they don’t do it all for you, we didn’t turn our $500 into $20,000 and the only way to succeed in the stock market is to work your tail off.  Study, look through charts, learn, learn, learn and be extremely disciplined.  I wondered how we had gotten such a different impression than reality.  Did we just not understand something they were telling us?  I still don’t know but what I do know is no, NeUventure on Wall Street isn’t a scam and yes, they really do care about us and our success but could they have been a little a lot more upfront with us about the hard work and dedication it would take?  Definitely!

Before you go to Seminar 1 make sure you check out my Top 10 things to know before attending Seminar 1 post.

To hear other’s opinions of NVOWS and whether or not they are successful check out the ‘featured traders‘ tab at the top of the page.

Update: After trading for 3 years I have put together a list of a few things I wish I had known when I started trading.  I hope it can be helpful to someone else getting started.

Trader February 22, 2014 68 Comments Permalink

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