Hi Gareth. I've just gone over this video again taking notes and I think Fred Saffore teaches us more than I realised first time around. His advice to pick a strategy that suits your personality is particularly helpful. Strategies based on 'never too high to buy' make me nervous. I am more comfortable with RSI oversold and MACD below the line crossover strategies (i.e. buying relatively cheap and trusting in regression to mean principles). The other important, but related, point he makes - perhaps inadvertently - is that we should all develop our own strategies rather than slavishly following someone else's strategy. The only strategies we ever fully understand, I believe, are our own. The other thing I noticed was that his losses average only 4% of each losing trade. I would guess he either sets a stop loss between 4% and 5% or watches his trades more closely than he admits and pulls out quickly when. they start to go against him. I mention this because he advises that there's 'no need to watch your positions during the trading day'. Once again, many thanks for an excellent series of teaching videos.
The problem with trading fulltime on a 40% annual return is that you have to live on less than 40% of the money you have invested. So for a 40k income, which most would consider on the low side, you need to have 100k already. And you need more than that if you want it to grow.
Many thanks Gareth. I thought 3 stars was generous for this book because it doesn't actually teach us anything except 'be disciplined and stick to your rules' without actually saying what the rules are - apart from not risking more than 1% on each trade. But 5 stars for your review.
Hi Spook, the theory is that an ETF is well diversified and can give broad returns for the risk averse, for the more adventurous selecting specific stocks can be more lucrative. My theory is both, in essence creating my own ETF with individually selected positions based on fundamentals and technicals.
Only focus on individual stocks and stay away from ETFs and FOREX, that's a strange piece of advice. ETFs (SPY, QQQs, etc) and FOREX can be very profitable as well.
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Hi Gareth. I've just gone over this video again taking notes and I think Fred Saffore teaches us more than I realised first time around. His advice to pick a strategy that suits your personality is particularly helpful. Strategies based on 'never too high to buy' make me nervous. I am more comfortable with RSI oversold and MACD below the line crossover strategies (i.e. buying relatively cheap and trusting in regression to mean principles). The other important, but related, point he makes - perhaps inadvertently - is that we should all develop our own strategies rather than slavishly following someone else's strategy. The only strategies we ever fully understand, I believe, are our own. The other thing I noticed was that his losses average only 4% of each losing trade. I would guess he either sets a stop loss between 4% and 5% or watches his trades more closely than he admits and pulls out quickly when. they start to go against him. I mention this because he advises that there's 'no need to watch your positions during the trading day'. Once again, many thanks for an excellent series of teaching videos.
Thanks for your detailed view William..
I experienced Fred in Stine's chat,....he was super knowledgeable and highly detailed.
everyone is good in a bull market
I like the way Every successful traders advise newbies to get away from the forex market 😂😂😂😂😂😉
Cause it’s a difficult market to trade
its basically a scam
When trading gets boring and repetitive, you know you beat the 90%. Not there yet keep going.
The problem with trading fulltime on a 40% annual return is that you have to live on less than 40% of the money you have invested. So for a 40k income, which most would consider on the low side, you need to have 100k already. And you need more than that if you want it to grow.
I agree, that is why using weekly charts makes more sense, you can trade passively along side another income.
Thank you for such a great and helpful summary of the LONE STOCK TRADER.
My pleasure
It is certainly possible to calculate randomness ;-)
To a degree....
Very easy to say let your winners run and cut your loses quickly but how do you know when the trend changes?
Moving averages, MACD etc
Many thanks Gareth. I thought 3 stars was generous for this book because it doesn't actually teach us anything except 'be disciplined and stick to your rules' without actually saying what the rules are - apart from not risking more than 1% on each trade. But 5 stars for your review.
Fair point... Thanks for your continued feedback William, always appreciated 👍
I don't think anyone will give you their exact playbook...They must have arrived after lot of pain and multi-year consistent hard work..
Please explain to me why you should ignore ETF when it is recommended everywhere
Hi Spook, the theory is that an ETF is well diversified and can give broad returns for the risk averse, for the more adventurous selecting specific stocks can be more lucrative. My theory is both, in essence creating my own ETF with individually selected positions based on fundamentals and technicals.
Very very nice video sir 👌
Please make video on security analysis book summary
As soon as possible
hi, appreciate if you could share the Monte Carlo template sir?
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Great video. Jesse Livermore baby!!
Great work, really liking your videos.... Keep it up.
Thanks Deepak!
cool video! what tool or website are you using with the monte carlo sim?
Thanks Allan, Its in excel.
hey, does anyone by chance know the coupon code? it asks for a coupon code when checking out the lone stock trader course, thanks.
Let me check
One more nice video, thanks FW!
Thanks again!
Great review...Keep up the good work.
Much appreciated!🙏
No ETFs? ETFs can be traded just like everything else. And they don't go bankrupt. Other than that, nothing to scoff at.
Really inspirating videos , thx 4 sharing with us , Rolf Klawitter fm Hamburg/ Germany
Thank you!
The course is no longer available
Thanks Tony, I did hear..
It does seem to be available now.
Hmm - can I comment here ?
Chinese biotech investment sounds risky as heck @1:30
Absolutely :-)
Your compounding doesn't take tax into account
Sure, inflation would also be a factor but the analysis is a demonstration of compounding in its purest form.😉
Damn... shits crazy
lol
👍
👍
Only focus on individual stocks and stay away from ETFs and FOREX, that's a strange piece of advice. ETFs (SPY, QQQs, etc) and FOREX can be very profitable as well.
I guess its the advice which suits his strategy, but your quite right alternative markets have their place too👍
40% those are rookie numbers.
Relative to risk (as always)
Ryan. Pretty sure you are not even profitable, because even 20% per year is alot if compounded correctly.
It’s a reference to the movie Wolf of Wall street