Naked Trader Share Tips

This is a discussion on Naked Trader Share Tips within the First Steps forums, part of the Reception category; Originally Posted by ArcticCamel In response to Jonty's post above, I'm not sure I understand the points made about the ...

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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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Count de Money 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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