This is My Stock Trading Journey

swing traders

All of the posts under the "swing traders" tag.

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

Some Questions To Ask Yourself When Considering Trading

After 3 years of trading I took a hiatus from trading to redo a house, move in and have a baby. During that time my husband asked me, “Do you miss it?”

I quickly answered (maybe a little too quickly), “No.” He looked at me a little surprised. I didn’t even have to think about it so I felt the need to explain to him and now you why I answered so quickly and in the process give you something to think about when considering if trading is for you. First I’ll ask you a few questions.

Do you enjoy unemployment numbers?

Do you look forward with interest to the upcoming government reports?

Do you enjoy following the economic and political situations and policies of Europe?

Do you operate well with your attention completely divided?

Can you give 100% of your effort to something and have it not pay off perhaps for years or perhaps ever and not become discouraged?

The reason I ask these questions is because I answer no to every single one and that is why I did not miss trading. It was WONDERFUL not knowing or caring when unemployment numbers came out or any other stupid number like durable goods, retail sales or housing starts. I loved ignoring Greece and bailout talk for a few months. It was so nice to not have to listen to everyone talk about how this is just such a ‘squirrelly’ market right now and trading will get easier. I’ve been hearing that same story for 4 years now by the way. No discouragement snuck in. When I wasn’t trading I didn’t have to second-guess myself.

But the best part was not having my attention divided. I didn’t have to try to sneak in chances to look through charts while my child was content for 5 no make that 3 minutes. I didn’t have to sneak glances at my phone when we’re on walks and stop my friend in mid sentence because a possible sell alert just went off. I was FREE!

Here is the honest truth. I don’t know any successful trader whose life doesn’t basically revolve around the markets and the news and reports. One must be on top of it  in order to make a go at it. That is why if you are considering trading you need to ask yourself the questions above because if you answer no to most of them, you might find yourself pretty miserable focusing so much attention on things you couldn’t care less about. Maybe it would be better to pursue something you love and are passionate about. Contrary to what you might hear, trading is not easy. You don’t learn a simple system in a weekend and become a success right away or at least not long-term anyway. Anyone can have a few trades go their way but to be successful through all sorts of markets takes YEARS of learning skills and practicing those skills all while paying close attention to markets and news and reports. If you answer yes to the above questions then even if you struggle to succeed at least you’ll be enjoying yourself and what you have immersed yourself in and that will help you immensely get through those hard years of learning.

Trader June 9, 2015 6 Comments Permalink

So Many Types of Traders

As some of you may already know, I was totally new to trading when I started.  I had very limited knowledge before setting out on my stock trading journey.  My first exposure was at a trading seminar where I learned the basics of swing trading.  Did I know at the time that what I had just learned was swing trading?  No.  Not a chance.  In fact I thought I had learned something that was just so incredible.  Something the average person would have no way of knowing unless they took this amazing seminar.  I had entered a top-secret group of people who knew something about the stock market that no one else had figured out yet.  Well the euphoria came to a screeching halt after that seminar as I began to learn more about trading via the internet.  I found out I had learned perhaps the most common and basic way to trade stocks.  I also learned there are many other ways to trade and most traders fall into one of several general approaches or ‘camps’ if you will.

So I thought I would put together a little post outlining some of the common types.  I’ll start by saying I am just addressing types of equity traders.  Equity traders are those who trade stocks through one of the major exchanges like the New York Stock Exchange or London Stock exchange etc.

  • Day traders are those who buy and sell the stock (or currency, futures, etc) in the same day or they may even buy and sell the same stock multiple times in a day holding it anywhere from seconds to occasionally hours.  They usually close all positions by the close of the market to avoid any surprise gaps the next morning.  This is a very time-consuming way to trade that is usually reserved for full-time traders.
  • Swing traders follow the direction of the market as a whole when buying and selling stocks.  They use a combination of fundamental analysis, technical analysis and market tone.  Traders usually hold their positions anywhere from days, weeks or months depending on market momentum.
  • Fundamental traders use fundamental analysis and spend much time researching companies.  They pay close attention to such things as earning reports, company announcements, stock splits, financial results, etc.  This is often a more long-term buy and hold strategy but other short-term strategies use it as well.
  • Buy and hold, long-term or investment traders are those who buy stocks and hold them for an extended period of time, months or even years.  They are not so much concerned with the day-to-day price action of the stocks but are hoping for a return over the long run.
  • Momentum traders are those who look for stocks that are making big moves up or down usually on higher volume and jump in hoping to ride that momentum.  These traders are mostly trading stocks that are in the news because those are the ones experiencing some sort of big move.  It is a more advanced strategy.  You can find out more here. http://www.stock-options-made-easy.com/momentum-traders.html
  • Technical traders focus solely on charts.  They often care little about what stock they are actually trading and believe that the most important thing driving stocks is the supply and demand.  They focus on patterns, moving averages, primary and secondary indicators, etc.
  • Scalping is a short-term strategy where one makes many trades each day.  Sometimes even in the hundreds exploiting the bid ask spread and therefore hoping to make small profits from each trade.

This list is hardly exhaustive but it does give you a general idea of some of the more common ways people choose to trade stocks.  Any of the types can be googled to find a wealth of information.

How ’bout you?  Do you fall into one of these ‘camps?’

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