Hi Everyone, I have been researching Nick Radge's Growth Portfolio and very serious about subscribing as the results long term speak for themselves and it seems easy to follow (a no brainer). My question is why should I do all my own TA analysis, trading systems, plans etc (which I do and enjoy) only to maybe get the same result? I work full time have young family so I am thinking "why not leave it to someone else to actively manage", even though the satisfaction of doing it myself will not be there, but is that important? Is Nick's GP system that good? Does anyone do both? Pros and cons?? Thanks in advance for any feedback, cheers.
Chartist Growth Portfolio vs. Going alone
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:Re: CHARTIST Growth Portfolio V Going alone
I’ve traded nicks GP for a few years, started ok and had 3 winning years out of 4 but the past 12 months has been pretty awful, seeing the market overall go up and taking loss after loss isn’t easy, he runs 3 portfolios, the green which is top 100 has done pretty well though so subscribers trading that would have done well but so has the big end of the market, the blue portfolio which is small and mid caps and which I trade hasn’t done very well nor has the Red portfolio which is specie type stocks but then again nor has the underlying index’s these stocks are drawn from.
Nick though is a decent person and you can learn a lot from him and his forum if you subscribe, personally I will be forever grateful for what I have learnt but its all in the futures arena rather than stocks, his systems are mechanical so there isn’t really a lot of research done into individual stocks its more about the system and now that’s been up and running all it is taking signals so as far as research goes into buying or selling there isn’t any, its purely on the price action and that’s it..
You could maybe code and come up with your own system but if you have never done it before its maybe a good idea to follow someone else that has a proven track record like Nicks plus he trades it himself, you could maybe learn a lot from the different resources that are available to subscribers as well but don’t expect it to be easy because no system is easy and particularly if you don’t know the rules which you wont as its nicks proprietary system he just generates the buys and sells.
Don’t know a lot about other systems or services out there but Nick is from my experience a 100% honest and genuine.
I’ve traded nicks GP for a few years, started ok and had 3 winning years out of 4 but the past 12 months has been pretty awful, seeing the market overall go up and taking loss after loss isn’t easy, he runs 3 portfolios, the green which is top 100 has done pretty well though so subscribers trading that would have done well but so has the big end of the market, the blue portfolio which is small and mid caps and which I trade hasn’t done very well nor has the Red portfolio which is specie type stocks but then again nor has the underlying index’s these stocks are drawn from.
Nick though is a decent person and you can learn a lot from him and his forum if you subscribe, personally I will be forever grateful for what I have learnt but its all in the futures arena rather than stocks, his systems are mechanical so there isn’t really a lot of research done into individual stocks its more about the system and now that’s been up and running all it is taking signals so as far as research goes into buying or selling there isn’t any, its purely on the price action and that’s it..
You could maybe code and come up with your own system but if you have never done it before its maybe a good idea to follow someone else that has a proven track record like Nicks plus he trades it himself, you could maybe learn a lot from the different resources that are available to subscribers as well but don’t expect it to be easy because no system is easy and particularly if you don’t know the rules which you wont as its nicks proprietary system he just generates the buys and sells.
Don’t know a lot about other systems or services out there but Nick is from my experience a 100% honest and genuine.
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Re: CHARTIST Growth Portfolio V Going alone
Subscribed to his US power setups for 6 months now and will be unsubscribed soon, traded a few times and made loss each time so I gave up. I went and put my money in with vanguard US etfs....and put money in with smallco.com.au so far it's doing ok.
The whole market has been doing good this past year nothing to do with Nick or his trading, not taking anything away from him.
I also signed up with Rivkin global they are trading futures,forex you name it seem to be doing ok as well.
Not advertising by the way
Subscribed to his US power setups for 6 months now and will be unsubscribed soon, traded a few times and made loss each time so I gave up. I went and put my money in with vanguard US etfs....and put money in with smallco.com.au so far it's doing ok.
The whole market has been doing good this past year nothing to do with Nick or his trading, not taking anything away from him.
I also signed up with Rivkin global they are trading futures,forex you name it seem to be doing ok as well.
Not advertising by the way
Re: CHARTIST Growth Portfolio V Going alone
Hi Steve
I am currently trading the US systematic portfolio and I have been a member of the chartist for about 4 years and I am very happy with the service that Nick provides.
Pros of the GP
-Trading a system with positive expectancy.
-Trading a system that has been created and extensively tested by a professional.
-Being able to trade along side Nick.
-The GP is an easy system to trade.
I would recommend posting a thread on the chartist forum and get feed back from people who are actually trading the GP.
At the end of the day when choosing a system to trade you need to be at ease with the limitations of the system and be confident that you can trade through any bad times to enable you to reach the good times.
Can you handle the max dd of the GP?
Hope this helps
Hi Steve
I am currently trading the US systematic portfolio and I have been a member of the chartist for about 4 years and I am very happy with the service that Nick provides.
Pros of the GP
-Trading a system with positive expectancy.
-Trading a system that has been created and extensively tested by a professional.
-Being able to trade along side Nick.
-The GP is an easy system to trade.
I would recommend posting a thread on the chartist forum and get feed back from people who are actually trading the GP.
At the end of the day when choosing a system to trade you need to be at ease with the limitations of the system and be confident that you can trade through any bad times to enable you to reach the good times.
Can you handle the max dd of the GP?
Hope this helps
Re: CHARTIST Growth Portfolio V Going alone
How many trades did you make? I was a little unsure to start with than spent a lot of time researching trading as opposed to investing, things like draw down, positive expectancy, trading psychology and the like and now realize that its entirely possible to have losing weeks, months even years. This can be hard to stomach, particularly if you have not designed a system yourself and are just taking someones advice.
How many trades did you make? I was a little unsure to start with than spent a lot of time researching trading as opposed to investing, things like draw down, positive expectancy, trading psychology and the like and now realize that its entirely possible to have losing weeks, months even years. This can be hard to stomach, particularly if you have not designed a system yourself and are just taking someones advice.
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Re: CHARTIST Growth Portfolio V Going alone
I thought Nick's US Power Setups made over 50% this year?
I thought Nick's US Power Setups made over 50% this year?
tech/a
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Re: CHARTIST Growth Portfolio V Going alone
Of the three US portfolios Calender year to date.
48%
45%
23%
Trading the odd trade often returns an odd result.
Still the behaviour of most who look for instant
Profit isn't odd--- infact it's more the norm.
Of the three US portfolios Calender year to date.
48%
45%
23%
Trading the odd trade often returns an odd result.
Still the behaviour of most who look for instant
Profit isn't odd--- infact it's more the norm.
CanOz
Home runs feel good, but base hits pay bills!
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Re: CHARTIST Growth Portfolio V Going alone
It seems the minutia of trading is not for all to witness....seems the trend is what some seem to relate to the best...
It seems the minutia of trading is not for all to witness....seems the trend is what some seem to relate to the best...
MichaelD
Not fooled by randomness
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The Chartist:
Pros: Known positive expectancy & someone else does most of the work for you.
Cons: Someone else does most of the work for you. i.e. you may not truly *believe* that the systems work and therefore may not tolerate the inevitable strings of losses/drawdowns required.
Going It Alone:
Pros: You *truly believe* in your trading since you've proven it to be positive expectancy.
Cons: *Truly believing* takes a LOT of work.
Trading successfully requires the tolerance of substantial pain from losses. When you've put in the hard yards, you can take the pain more easily than if someone external is causing your pain.
Pros: Known positive expectancy & someone else does most of the work for you.
Cons: Someone else does most of the work for you. i.e. you may not truly *believe* that the systems work and therefore may not tolerate the inevitable strings of losses/drawdowns required.
Going It Alone:
Pros: You *truly believe* in your trading since you've proven it to be positive expectancy.
Cons: *Truly believing* takes a LOT of work.
Trading successfully requires the tolerance of substantial pain from losses. When you've put in the hard yards, you can take the pain more easily than if someone external is causing your pain.
Well this is my opinion. I was a member for about one year, my skill level was probably intermediate at the time of being a member.
The pros for me were:
He was able to spot opportunities that I couldn't find my self.
You save a lot of time because he does a lot of the hard work for you.
The price is pretty reasonable.
It will teach how to trade a system more professionally opposed to trading as a hobby
His stock picks are visual, in the form of charts along with technical reasons of why you should buy or sell (some other companies offering the same type of service just simple tell you to buy or sell with no technical reason as to why).
If your new to trading it will expand your technical analysis skills.
You feel less lonely as a trader because your not working by yourself. You also have someone else finding buy/sell opportunities for you as well.
To make the most out of the service I think it's worth having a CFD account along with a stockbroking account so that you can take advantage of the shorting opportunities.
If your wondering why I'm not a member anymore it's because I only trade futures and FX now on short timeframes. And I'm at the point where I don't really need any help with my trading anymore. That aside I also highly rate there Amibroker Coding service. I think this service is most suited to EOD traders
RADO
That’s very true and something I don’t think many people consider, trading is hard enough but when you don’t know the rules and you hit a prolonged rough spot it does make it harder.
Personally I stopped trading the Growth portfolio a few months ago, overall I made money but the last 12 months as I posted earlier has not been good, my reasons are similar to RADO, I only trade futures now and I prefer to utilise all my trading capital for those markets, the returns are far better and in my opinion when done correctly the risks are very low, even though futures are perceived as very high risk due to the leverage involved, I totally disagree with that but that’s another topic.
If you do want to trade stocks and want a decent system and from a person with high integrity and an honest reputation then Nick and the chartist are about as good as it gets.
A 14 day trial costs $19 and gives access to all aspects of the service.
Hi, thanks for the feedback, much appreciated. Yes, I have subscribed to the trial. 90% sure will be using the GP for my SMSF with of course long term view. The help and questions answered from Nick so far have been excellent. I have posted another question in here in relevant forum re online brokers, any suggestions again much thanked, cheers.
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bumping old thread, but just in case.
For those who are members, is there any explanation given from Rick as to why he is still selling the ASX Power Trades subscription.
It's been running since 2010 with the following returns.
2010 5.39%
2011 -28.2%
2012 8.88%
2013 -17.34%
2014 YTD -1.62%
How can he charge $360 a year or $33/month for this advice? Why hasn't this been shelved?
I'm actually interested in his growth portfolio but loathe to send a dollar his way for a subscription while he's selling this crud. There's something seriously not right about selling this.
For those who are members, is there any explanation given from Rick as to why he is still selling the ASX Power Trades subscription.
It's been running since 2010 with the following returns.
2010 5.39%
2011 -28.2%
2012 8.88%
2013 -17.34%
2014 YTD -1.62%
How can he charge $360 a year or $33/month for this advice? Why hasn't this been shelved?
I'm actually interested in his growth portfolio but loathe to send a dollar his way for a subscription while he's selling this crud. There's something seriously not right about selling this.
I am not a member, but he answer is very simple - because people will pay for them. People do not want to take responsibility yet want the excitement of being in the market so they subscribe to these stuff. If they lose, they simply blame it on the signal provider, not themselves. There are new suckers born to come and replace the old ones leaving. Now if you were the business owner would you shut down the newsletter ?
Porper
Ralph Nelson Elliott
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Ok, a few things.
1. He isn't called Rick which suggests you know nothing about him or the service and have done no research.
2. Those stats you've added aren't for the Growth Portfolio.
3. The Chartist also has several other portfolio's which offers diversification. As always some perform better than others at different times.
4. Below is the Growth Portfolio Non-compounded return. Note Non compounded.
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Several of the comments, including the comment by the disrespectful LeatherCondor exemplifies a well known phenonemon: most investors hate straying too far (on the downside) from the index; i.e. they cannot tolerate a large tracking error.
You wouldn't trade the 'power setups' or any other system (including your own) without a multi-year time frame. It's normal for any system that beats the market to have long periods of deviation. Actually, in my view (and I'm not the only one), it's at least one of the reasons value and momentum have (a) always worked and, (b) will no doubt continue to do so. There are periods of severe underperformance (to the index) that simply throws people off.
People want to beat the market, that's a given. There's no other reason to do anything other than buy index funds otherwise (unless you had volatility reasons). But beating the market takes a decade, not a couple of years (so to speak).
Look at Brent Penfold's scoreboard, a horrible start to 2014 and yet profitable systems overall.
Look at Colin Nicholson's investment performance very closely. You see an overall (very small) underperformance to the index over the last 4 years since 2010, and yet he has doubled the market's return in the 13 year period since 2001 (14% vs 7%). If he was selling a subscription service, I have no doubt he'd have his detractors who couldn't look at the bigger picture (they'd be saying, 'why pay for a service that's barely keeping me in line with the index?')
I just find it interesting. I believe that learning to take a long term view (of investing, not any individual trade!) and therefore to not be thrown about by the deviations is one of the steps in becoming a good investor.
I have nothing to do with any of these traders and only mention as examples. I only stand by my own investing. Don't take this post as a defence of anyone, I am merely interested in the psychological aspects of investing that arise from some of the comments.
You wouldn't trade the 'power setups' or any other system (including your own) without a multi-year time frame. It's normal for any system that beats the market to have long periods of deviation. Actually, in my view (and I'm not the only one), it's at least one of the reasons value and momentum have (a) always worked and, (b) will no doubt continue to do so. There are periods of severe underperformance (to the index) that simply throws people off.
People want to beat the market, that's a given. There's no other reason to do anything other than buy index funds otherwise (unless you had volatility reasons). But beating the market takes a decade, not a couple of years (so to speak).
Look at Brent Penfold's scoreboard, a horrible start to 2014 and yet profitable systems overall.
Look at Colin Nicholson's investment performance very closely. You see an overall (very small) underperformance to the index over the last 4 years since 2010, and yet he has doubled the market's return in the 13 year period since 2001 (14% vs 7%). If he was selling a subscription service, I have no doubt he'd have his detractors who couldn't look at the bigger picture (they'd be saying, 'why pay for a service that's barely keeping me in line with the index?')
I just find it interesting. I believe that learning to take a long term view (of investing, not any individual trade!) and therefore to not be thrown about by the deviations is one of the steps in becoming a good investor.
I have nothing to do with any of these traders and only mention as examples. I only stand by my own investing. Don't take this post as a defence of anyone, I am merely interested in the psychological aspects of investing that arise from some of the comments.
Have you bothered to ask Nick? If you do, I think you'll find he's completely upfront and honest in his appraisal of his own systems, and why they perform differently in various markets. Have you looked at the stats for the US Power trades? How about the new Dividend Momentum trades? Ask yourself if perhaps the ASX short term system may have performed much better if our market had mimicked the US market over the past few years, and whether a system should be scrapped due to the recent behaviour of the local market, or left available for use should that market change? What would the stats for that same system have been if it was trading from say 2001 - 2014? Do you think our market may once again trend as it did in the past? Should the system be offered and withdrawn based on a best guess as to future market performance? These are the sorts of questions you should maybe think about, as well as directing your question to the best person able to answer it - Nick.
For the record, I traded that system for a short time, before deciding that current market conditions were not going to provide optimal results. I switched to the US system, and did very well. I've also traded the Growth Portfolio for a few years in my SMSF and have also been profitable there - thanks in part to the fact that I trade both conservative and growth picks, and the conservative side has outperformed of late.