Trading The Chartist

[Habakkuk]

correct me if i'm wrong, but the power setups include "discretionary trades" .ie nick is picking them himself. and people have followed those trades with -ve profits (as revealed in previous chartist's posts). so, as someone who is a non-pro how could i expect to have success in short term trading? must be that the market wasn't good during those times? as i can't afford to lose swags of money, i think i should only copy-trade nick or do it myself when the market conditions are right. not always. buy yeah, i'm interested in subscribing for learning purposes.

I haven't got answers as such as I'm not a subscriber, but I know Nick as a nice, genuine, helpful guy.
However, I believe you have unrealistic expectations from his service. You expect (and need) miracles.

As you said, you can't afford to lose swags of money. That's understandable. How much can you afford to lose? How will you handle a few losing trades in a row. What if the very first trade results in a big loss? Will you call it quits right there? Maybe not. But could you accept a losing month? Somebody even had a losing year.

You don't have to answer these questions for me. Answer them for yourself. Along with some more along these lines:

- is it reasonable to expect that somebody would sell information to you for $33/month that produces many times that amount for you and each subscriber?
- do you think it is possible to learn trading like you learnt chemistry, history or geography? Maybe there is a TAFE course where you get a certificate or diploma. I don't know. And a more subtle point: is everything you learn from an "educator" even useful?
- do you understand that trading is a zero-sum or actually a negative-sum game? Are you sure you understand what that means? Quite a few people on this forum disagree, some very prominent posters. Of course I could be wrong. Maybe it is really a win-win situation for everybody, especially investors. All that trading must surely create wealth. What do you think?

Remember, I'm not looking for answers. And also note that I'm not an investor or trader myself and everything I say is just my opinion.

 

[tech/a]

I haven't got answers as such as I'm not a subscriber, but I know Nick as a nice, genuine, helpful guy.
However, I believe you have unrealistic expectations from his service. You expect (and need) miracles.

As you said, you can't afford to lose swags of money. That's understandable. How much can you afford to lose? How will you handle a few losing trades in a row. What if the very first trade results in a big loss? Will you call it quits right there? Maybe not. But could you accept a losing month? Somebody even had a losing year.

You don't have to answer these questions for me. Answer them for yourself. Along with some more along these lines:

- is it reasonable to expect that somebody would sell information to you for $33/month that produces many times that amount for you and each subscriber?
- do you think it is possible to learn trading like you learnt chemistry, history or geography? Maybe there is a TAFE course where you get a certificate or diploma. I don't know. And a more subtle point: is everything you learn from an "educator" even useful?
- do you understand that trading is a zero-sum or actually a negative-sum game? Are you sure you understand what that means? Quite a few people on this forum disagree, some very prominent posters. Of course I could be wrong. Maybe it is really a win-win situation for everybody, especially investors. All that trading must surely create wealth. What do you think?

Remember, I'm not looking for answers. And also note that I'm not an investor or trader myself and everything I say is just my opinion.

Agree with this sentiment.

I note there are 2 ways of trading the Discretionary method.
The original is in drawdown of around 20%
The "hit and run" exit is in profit around 14%

 

[CanOz]

I'm off to noosapalooza, anyone else from ASF going?