Australian (ASX) Stock Market Forum

Nick Radge's Weekend Trend Trader

Jump to new
Bought the book, coded up the code and although I've not been running it long enough to have any significant data, it's doing better than I thought it would.

By better, I mean the buys it's shot out have maintained value / grown while our market (JSE) has been, um, 'consolidating'.

*disclaimer* There is no guarantee that I've coded up what Nick has described. However, there is no reason it should be (hugely) different, and I've been coding a while so I have as good a shot as any in getting it right. Might buy the turnkey code at some stage to compare out of interest, but the exchange rate ZAR/AUS is a right kick in the balls.
 
An amazing run since July last year for Nick's dividend momentum strategy (ASX50 universe ), looks to end up 66% with leverage since the July 2013 inception date. The MidCap50 hasn't done quite so well, down about 14%


divmomentum.png
 
Read this thread from top to bottom.

Have been with The Chartist since July 15 - the experience has been great - Nick is really accessible and always happy to help despite how ordinary/obvious my questions are.

On performance:
Up to this point I've struggled but I'd be keen to see any long only ASX traders who have made solid returns in the past 6-18 months. There can't be many. Nick is completely transparent with his results and posts every month on his page - I'm not sure what more you can ask of him.

The new offering is something a little different, initially it caught me off guard also however upon closer inspection I think there's a market there. It's hard to argue with someone who is trying to give you all the tools he knows to let you go out on your own. I think there is a market there.

If you're expecting 40% YOY or to turn into a winning futures trader over night then this isn't for you. I see it as a passive investment tool which in the long run will return pretty well - only time will tell I guess.
 
I have noticed he has removed a few of his not so great performance version of the US HFT strategy and some others.

That said, I think the Div momentum strategy is great for such a simple system, and the growth portfolio he trades himself is very good in defending positions, so a nice fit for people to margin up on comfortably. Just wish he didn't raise his prices by 30% last year :(
 
minwa said:
$15k to learn mostly coding:eek:..only a few modules on actual trading topics..(and basic ones like expectancy/position sizing)..
Click to expand...

I would imagine a percentage of the pricing would be to reflect the 6 months one-to-one mentoring, not just the course. (No idea - just thinking out loud).
 
Trendnomics said:
We all pay for our education one way or another (majority of us pay the market for our education).
Click to expand...

The important thing is to have your mentor trading alongside you with transparency...Nick Radge does.

There are plenty of Educators out there that don't trade at all. Not hard to figure out why...they don't have a positive expectancy. Some of course are just scammers with a few named and shamed on here.
 
As a subscriber many years ago, when first embarking on the steep learning curve of understand trading/investing, Nick made me realize through his transparency that the game was extremely difficult to master even for seasoned professionals. This made it easier to accept losses, because even the professionals do, or that be it the genuine ones.
 
I agree with the positive comments about Nick and am also a previous subscriber.

I've commented to Nick that one of the things I liked about The Chartist was that it was "boutique".

However I did feel quite surprised at the cost and conditions of this particular program.

The outcomes will need to justify the investment. For those that participate I hope it goes exceptionally well.
 
I respect what he does but I don't think his returns are very exciting. Arguably he takes less risk. For example his US momentum strategy might have taken you to cash during the recent fall in the market this month, when I've had to defend some positions. So I'd consider it for diversification as a relatively passive strategy, but with returns higher than the index.
 
I enjoy reading/viewing all the free content Nick produces, and I tend to agree with him on most matters.

There is however, one subject matter that I'm in disagreement with, and that is "model dynamics" - which in my opinion slightly resembles curve fitting.

Have a look at one of his recent videos, which touches on this subject (relevant part starts at 13 minutes):

https://vimeo.com/142478047

Let me know what you guys think. :)
 
PinguPingu said:
I have noticed he has removed a few of his not so great performance version of the US HFT strategy and some others.

That said, I think the Div momentum strategy is great for such a simple system, and the growth portfolio he trades himself is very good in defending positions, so a nice fit for people to margin up on comfortably. Just wish he didn't raise his prices by 30% last year :(
Click to expand...


...What do you mean, "has removed?" I have a reason for asking.

Do you mean, removed from future consideration (i.e. this system is now retired) or do you mean, removed and this system is no longer reflected on any performance pages etc?

Any elaboration appreciated. As I said, I have a reason for asking.
 
I would email Nick directly about that.

I believe the HFT ha d some modifications made to it (standard / conservative option was added due to an index filter change).

I also know there was an API issue where I believe they got clobbered several years back.

I do agree that there used to be both performance summaries on the website whereas now there is only one. I'm assuming Nick is now suggesting all subscribers trade the conservative option but not 100% sure on this and I can understand why removing the API shocker could raise eye brows.
 
brisman said:
I respect what he does but I don't think his returns are very exciting. Arguably he takes less risk. For example his US momentum strategy might have taken you to cash during the recent fall in the market this month, when I've had to defend some positions. So I'd consider it for diversification as a relatively passive strategy, but with returns higher than the index.
Click to expand...

To be fair, that is pretty much what he advertises. Following his systems won't make you insanely ritch, but it will add a little bit more of a 'second income' as he states, at low maintenance. Show me someone making 15-20+% a year who doesn't have painful drawdowns on a system the layman can follow and trade themselves (i.e not derivatives trading)

As I stated, what I think is great about his 'conservative' systems is the ability to use margin - if they go to cash fairly quickly that is what you want. When things are going great, they go great.

@Systematic, pretty much what kidhustlr said. He removed the standard US HFT option from peformances and removed the API bug big loss result. I think he has also removed the midcap50 div momentum results, but also stated he doesnt' advise clients to trade that universe now.
 
as per system.png
DMS as per the ebook since 1995.


compounded.png
On a compounded basis.

Both charts based off ASX20, historical consituency included, historical yield based on historical uncorrected price and actual distributions.
 
kid hustlr said:
Nick is completely transparent with his results and posts every month on his page - I'm not sure what more you can ask of him.
Click to expand...

Sorry getting this old thread alive, but there's something that's needs to be spoken out. About 1 year ago he updated his performance page, removed the actual performance numbers and instead it's only some nice looking charts.

E.g. The US momentum strategy chart, one barely sees SP500 down there, the momentum strategy looks awesome. However this year SP500 is at new highs wihle the momentum strategy it's not. The actual reality is not even close to what that chart is saying.

I queried Nick in the past about this unfortunate change, he said he changed it because the actual numbers were confusing. I fail to see how the actual numbers were confusing and this performance chart not...

Anyway in the past years seems that the chartist is investing a lot in marketing. Not that it's a bad thing, but sometimes makes one wonder.

2016-08-10 14 47 54.png
 
soso said:
Sorry getting this old thread alive, but there's something that's needs to be spoken out. About 1 year ago he updated his performance page, removed the actual performance numbers and instead it's only some nice looking charts.

E.g. The US momentum strategy chart, one barely sees SP500 down there, the momentum strategy looks awesome. However this year SP500 is at new highs wihle the momentum strategy it's not. The actual reality is not even close to what that chart is saying.

I queried Nick in the past about this unfortunate change, he said he changed it because the actual numbers were confusing. I fail to see how the actual numbers were confusing and this performance chart not...

Anyway in the past years seems that the chartist is investing a lot in marketing. Not that it's a bad thing, but sometimes makes one wonder.

View attachment 67684
Click to expand...

I think if you're not fully convinced a particular system works then it may not be for you. Confidence in your system is important. For example, I dislike systems based purely on technical analysis because matters like interest rates and GDP are quite easy to ascertain. No bullish candle in the USD can stand in the way of the Fed lowering interest rates...
 

Similar threads

W
Monthly Momentum - ASX300 Super
6 7 8
Replies
155
Views
36K
Warr87
W
MovingAverage
My New Monthly System
2 3 4
Replies
79
Views
20K
jon the pom
jon the pom
Top