William Akerman - swing trading system

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I wondered whether anyone had heard of or tried this system.

There isn't much appearing when you search the site other than indications that WA is a director of ADVFN. £495 per year paid quartely for breakout alerts etc.

He sent through his results for 03 and 04 with the original mail - looks very impressive . . . . .

I would welcome feedback especially from any subscribers. If viewed cynically you could say that the figures given are only the max possible gains after signals. For example on 28th April 03 he advised VOD a sell. @ 125p. In next column is says that the max possible gain within 2 months would be 71% using spread firm and gearing x 10 and that he covered at 118p.

However if you give signal based on TA its pretty likely that this posn will move into profit at some point during the next 2 months isn't it?? Maybe he has just picked the price after the signal but within 2 months that would give the best profit. . .

Anyway - anyone any experience which would be worth a few years of theoretical debate.

Cheers
 
Swing Trader

Hi,

Signed up for the swing trader in August this year. I'm very new to spread betting so I thought I would give it a go just trading £1 a point on Finspreads.
The advice given is great for a novice as it tells you exactly what to do with a trade. You are obviously in his hands as far as the trade is concearned, but after 3 months trading the system I am in profit. Of the seven trades completed, there is profit on only three, but the four loss's have been stopped short, and the one's in profit were left to run.
The four trades open at the moment all have profit locked in, and I have just moved up to £10 a point on all my trades. So on the whole at this moment it looks ok. Let you know after a years trading.

Andy
:D
 
I was with the Chart Profit service before it changed to Swing Trader under William Akerman and found both useful for teaching simple TA techniques and for pointing out stocks worth watching.

But at the end of the day I stopped the subscription because it was too expensive and I wasn't even covering the yearly cost with successful trades. One disasterous trade was on United Business Media, another was on Westbury...most were losers or minor winners. At times it felt like if I went opposite to the advice being offered it'd make more sense! ;)

At least Will recommends going short as well as long, but I think he inherited a bad portfolio of positions from the Chart Profit days under Simon Ball and team's stewardship. I would be cautious trusting the results for 2003/2004, as when spreadtrading it's very hard to get the entry/exit prices that are suggested.

Will Akerman took over in February 2004 so I cannot confirm his claimed winners made before then, as it was Simon Ball researching & writing. If you do subscribe take it slowly and paper trade or use the smallest stake possible with your trading sompany. If you're not convinced after the trial period (common, there is always a trial period ;) ), cancel.

Re: Vodaphone sell you mentioned: on 8/5/03 the price did indeed hit 118p (from my charts) but I don't know what the spread price would have been and from a TA point of view, cannot see why one would have covered there. Also, if you hadn't sold then your position would have been suffering on 2/6/03 as the price hit 132p.... if you had weathered that storm you would have had another chance to cover on 23/7/03 at 112p. But this short was somewhat playing with fire for novices, as the overall trend was up - the price only broke through that main lower trendline around the end of May 2004 to eventually hit the floor of 114p again (26/7/03) and subsequently strongly bounced back up to 147p on 18/11/04.

The only Will Akerman (Swing Trader) Vodaphone trade I have in my records was one suggested in bulletin 49 on 22/4/04: "BUY VOD @ 140p or lower, SL @ 130p with a "limit to take profit" on half the trade at 150p, and the other half of the trade at 160p - aiming for 79% gain."

Result? On 24/3/04 the price hit 125p and thus the position should have been stopped at at 130p for a loss. Will recommended SELL VOD (to close if no SL set) in bulletin 53 on 27/5/04.

Any questions about this service just message me.
 
Bluewave said:
The only Will Akerman (Swing Trader) Vodaphone trade I have in my records was one suggested in bulletin 49 on 22/4/04: "BUY VOD @ 140p or lower, SL @ 130p with a "limit to take profit" on half the trade at 150p, and the other half of the trade at 160p - aiming for 79% gain".
Not into SBing or Will Akerman, but the math did attract my attention. 79% gain on what?

Seems the VOD trade suggested (even with no spread on VOD which I understand is possible) gives you a composite Risk:Reward of 1:1.5.
 
TheBramble said:
Not into SBing or Will Akerman, but the math did attract my attention. 79% gain on what?

Seems the VOD trade suggested (even with no spread on VOD which I understand is possible) gives you a composite Risk:Reward of 1:1.5.

No spread on VOD? From where?? :eek:

The way Will Akerman works out potential gains is to assume the price will reach a pre-determined S/R point (as set by trendlines and other simple TA), calculate the percentage change and then multiply by 10 to take into account the gearing through using spreadbets.

In the VOD example I gave, well done Bramble on spotting the calculation mistake! :p 140p to 150p is 7.14% (therefore 71.4% with gearing). The original instruction read "...at least 79% gain", so apologies for me leaving out "at least" when I copied it. Nevertheless, he was still 0.76% out (7.6% with gearing) :rolleyes: But we're all allowed mistakes.
 
BW - sorry about the delay in responding but your reply slipped through my net.

I wasn't trying to be picky. A 10pt gain on 140pts is indeed 7.14%. Where does the 'gearing' make any difference to that? And it was half the trade at 150 and the rest at 160.

And ISTR that IG Index used to frequently offer 'specials' on some UK stocks with no spread. VOD being a frequent one. Perhaps I'm mistaken on that.
 

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In fact I'm younger looking in real-life!!

I'm not a regular on these boards, but just noticed reference to Swing-trader. My Trades had a mixed summer, and I've vowed to avoid Vod in future, but since September I've enjoyed a string of success....long may it continue. I do have a background of professional trading, 17 years, and do run easy2spreadbet and quantigma too. Probably wont check back for a while, but any q's, feel free to email me at [email protected],

Regards,

Will.
 
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