Naked Trader Share Tips

This is a discussion on Naked Trader Share Tips within the First Steps forums, part of the Reception category; Forex is great but you need training / testing before you risk your capital. Plenty of free help out there ...

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Old Jan 25, 2011, 9:44pm   #9
Joined Oct 2008
Re: Naked Trader Share Tips

Forex is great but you need training / testing before you risk your capital. Plenty of free help out there but if you want to accelerate your learning, let me know.

Hope that helps.

Mike Hamilton

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Now I am really confused, you were steering a new trader, the op, away from shares towards FX.
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Old Jan 25, 2011, 9:57pm   #10
Joined Oct 2006
Re: Naked Trader Share Tips

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Originally Posted by Jason101 View Post
How much will that cost me?
A lot more than whatever the subscription is.
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Old Jan 25, 2011, 10:28pm   #11
Joined Oct 2008
Re: Naked Trader Share Tips

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Originally Posted by pboyles View Post
A lot more than whatever the subscription is.
It does seem very strange; the op is a new trader interested in lower leveraged long term holding of shares.

And this chap is recommending he buys information from him on higher leveraged intraday FX trading, saying it is easier? Every day I get more and more confused.
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Old Jan 26, 2011, 11:53am   #12
 
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Joined Jan 2011
Re: Naked Trader Share Tips

Let me try and clarify. I personally think stocks are riskier investments as you can buy a stock in a good performing sector, but a story comes out, or results come out, that can cause a violent unexpected move in that stock. If its in your favour great, if it's against, it can hurt. Currencies are not a sure thing, no trading is. The business model is the same as the insurance industry.

In currencies, the volume is huge every day, so they tend to be very more technical than stocks. You can trade forex very small size if you want to reduce your exposure and manage your risk or use other instruments that are not leveraged.

I'm not suggesting you buy information; I'm suggesting you develop the skills to make your own technical analysis on the charts. To me trading is a practical skill, I do not sell 'tips', I teach set ups, money management and the skill set to manage yourself as a trader.

Does that make sense?

Mike
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Old Jan 26, 2011, 2:20pm   #13
Joined Sep 2009
Re: Naked Trader Share Tips

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Originally Posted by JohnTurnbull View Post
Don't be taken in M8. There is nothing "Proven" about the Naked Traders profits!

Every share he says he buys has gone up before he tells you he bought it but he tells you he bought it before it went up!

Try asking him to tell you what he is going to buy before he buys it !!!!!!!!!!!
you still haven't learnt!
Even if what you say is true and he waits for a couple of days to see if it goes up, he then keeps hold of them for months after he told you and still makes a profit...!
A strategy of waiting for a trade to move in the right direction is fairly typical in successful methods...

Don't you wait for a couple of "bars" confirmation before entering a trade...?!
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Old Nov 6, 2016, 10:39pm   #14
 
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Originally Posted by JohnTurnbull View Post
Don't be taken in M8. There is nothing "Proven" about the Naked Traders profits!

Every share he says he buys has gone up before he tells you he bought it but he tells you he bought it before it went up!

Try asking him to tell you what he is going to buy before he buys it !!!!!!!!!!!
Totally agree with last comment whole heartedly,...look at this on the naked trader website (trades) on 19th of sept 2016 he says he bought Motorpoint shares for £1.95 & £2.00 He states he held the shares for 10 days ??? and sold for a total profit of £81.00 ..... His target was £2.40, so why did he sell just 10 days later ? at a price of £2.04 , well the answer is simple Motorpoint shares "bombed" down a couple of days later to £1.30 after he so called made £81.00. The Truth is the Naked trader may have made money with shares but he makes most of his money taking £650 per person in his seminars and also book sales. I would recommend you DO NOT follow his trades, by the time his trades are announced they have already gone up considerably, and he announces sells before they have fallen.
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Old Oct 11, 2017, 11:19am   #15
 
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In response to Jonty's post above, I'm not sure I understand the points made about the Motorpoint trades. I looked at the bar share chart on Stockopedia (fantastic site, by the way) for a custom range of 15/09/16 - 30/09/16. This showed that the shares traded within the ranges where he bought and sold.

As for his sale on 28th, the chart shows that the price had started to turn down, so it seems perfectly reasonable that he would change his mind and sell, for a small loss, or in this case a small gain. The share price continued to fall over the next 14 trading days before gapping down to 133p on the 19th October, so there were plenty of opportunities for less experienced traders to decide to sell out.

I do agree with your advice about not following his trades, and his website has a very detailed disclaimer to this effect.

JohnTurnbull's comments about prices having moved between the the point of the transaction and the fortnightly website updates would be valid if this was a paid-for share tipping service, but it is neither; rather it is just posted for information, and as such is a very useful service.

Finally, you seem to be confusing "the truth" with your opinion. You're perfectly entitled to believe that he makes more money from the seminars than from his trading, but without any facts to support this statement it is just your opinion.

Having attended one of his seminars, my opinion is different - I happen to believe that he runs the seminars because he enjoys teaching his skills, and that considering the costs and time involved in hosting them, it's actually much less profitable than his trading, but I for one am extremely grateful that he chooses to share his knowledge in this way.

Given the skills and strategies that I learned at the event, I would say that the cost of the seminar was extremely good value - and that anyone should very quickly recoup the costs by their improved trading results.
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Old Oct 11, 2017, 11:47pm   #16
 
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Quote:
Originally Posted by ArcticCamel View Post
In response to Jonty's post above, I'm not sure I understand the points made about the Motorpoint trades. I looked at the bar share chart on Stockopedia (fantastic site, by the way) for a custom range of 15/09/16 - 30/09/16. This showed that the shares traded within the ranges where he bought and sold.

As for his sale on 28th, the chart shows that the price had started to turn down, so it seems perfectly reasonable that he would change his mind and sell, for a small loss, or in this case a small gain. The share price continued to fall over the next 14 trading days before gapping down to 133p on the 19th October, so there were plenty of opportunities for less experienced traders to decide to sell out.

I do agree with your advice about not following his trades, and his website has a very detailed disclaimer to this effect.

JohnTurnbull's comments about prices having moved between the the point of the transaction and the fortnightly website updates would be valid if this was a paid-for share tipping service, but it is neither; rather it is just posted for information, and as such is a very useful service.

Finally, you seem to be confusing "the truth" with your opinion. You're perfectly entitled to believe that he makes more money from the seminars than from his trading, but without any facts to support this statement it is just your opinion.

Having attended one of his seminars, my opinion is different - I happen to believe that he runs the seminars because he enjoys teaching his skills, and that considering the costs and time involved in hosting them, it's actually much less profitable than his trading, but I for one am extremely grateful that he chooses to share his knowledge in this way.

Given the skills and strategies that I learned at the event, I would say that the cost of the seminar was extremely good value - and that anyone should very quickly recoup the costs by their improved trading results.
Looks like just every other Joe Blow with no track record... Don't waste your time, you'll lose everything following advises like this one...
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"If you don't find a way to make money while you sleep, you will work until you die." Warren Buffett, CEO of Berkshire Hathaway.

My number 1 trading rule: EDUCATE YOURSELF!

Before you trade even single penny on the stock market, please spend the time and educate yourself by back testing different trading strategies and ideas - go to eBay and search for "historical stock market data", you can buy 20 years of data for less than $100 - that's all you need to start.
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