The Master Trader Home Study Course

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Mr Diamond

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Hello all,

This is my first post, so please forgive me if this has already been discussed.

I wanted to tell you about a system that I have been following now for around 6 months. I've purchased quite a few trading systems, including Vince Stanziones (groan). The system is contained in the Master Trader Home Study Course - http://www.idermarketing.co.uk .

For the first time in my trading endeavours, I can confidently say that I actually now win more than I lose. So far I have made around £8,500 following this system.

The course is written by a guy called Ishmail Downes, and is strongly influenced by the Jesse Livermore Trading Secret, "How To Trade in Stocks". The system is based on medium term trades, and most of my trades so far have been in profit right from the start. The approach to the system is very unique, and as soon as I read it I knew it would work.

The course is very easy to understand and is written in lay terms. I think the best part is that there is a section of the course that deals with your phsycology, and Ishmail uses a hard hitting story about his past to help with fear.

Anyway, I just wanted to know if anybody else is using this system, and do you have any ideas on how I can improve my results even further.

Cheers!!!

Learn from yesterday
Live for today
Hope for tomorrow
 
Mr Diamond,

thanks for pointing us to this site - I have signed up for the free 7 lessons on stock-trading.

Whats in the course that isnt in the lessons ?

As an aside, there are some interesting things you might want to know:

The course sells for £269.95.
Vince Stanziones course-book sells for about £300, I believe.

There is a phrase in the IDER website that says "Would you be willing to work ( if thats the right word ) a maximum of 30 minutes a day with a proven system that can earn you £400+ a day ?"

The only problem I have with that:
"Just imagine what it would be like to make £2,000+ per week from working (if that's the right word) from home.."
The above phrase comes from Vinces website !! That £2000 a week is - strangely enough - $400 a day !!
The phrasing is strangely familiar.

This Ishmael guy; started out with debts, owing money, was desperate, found out about trading, paid off his debts, now is rich etc.

Funnily enough, Darren Winters started out this way as well - owing money, was desperate, found out about trading, made a fortune, etc.

Apart from that, its FANTASTIC !!

Any more we should know about ?? ;)
 
hello trendie

I agree 100%. When I first read the letter I was very skeptical becuase it all sounded a bit to biz-op, if you know what I mean! What made it even worse, was that I had bought Vinces Stanziones Course and I was well dissapointed.

I think I beleive the sales letter though, becuase inside of the course Ishmeal talks about his life, in particular he sayz he has multiple sclerosis. He seems like a really genuine guy. He really gave me the feeling that he wrote the course first and formost to share his system, and makie money secondarily.

Whether he is linked to Vince Stanzione and that other fella, I personally don't think so, but then again you never know!

Diamond
 
Someone has a winning system that he then sells for a mere trifle.

And pigs fly.
 
Pervaz said:
Mr Diamond

Can we see some of your trades please ?
Click to expand...

Pervaz,

One of my recent trades was a SELL on Oxford BiMedical (OXB). I sold at 0.26 and closed out at 0.17. The trade yielded around 34% after spread (I spread betted this one). Open the trade on the 3rd of Feb 2004, Closed on the 2nd June 2004.

I've just bought this one on friday so fingers crossed.

I'll have to fish out some more of my other trades later.
 
Hi Mr Diamond,

I dont understand the "yield". Yield of what ? What you risked ? Yield on your total capital ?

I would also like to know what your stop-loss was.
This helps us to understand your risk-to-reward profile.

thanks,
 
trendie said:
Hi Mr Diamond,

I dont understand the "yield". Yield of what ? What you risked ? Yield on your total capital ?

I would also like to know what your stop-loss was.
This helps us to understand your risk-to-reward profile.

thanks,
Click to expand...

Hi Trendie,

The yield was the actual price movement, i.e. a 34% price drop. I spread betted, so I made a much bigger yield on my actual investment. Don't ask me how much becuase I don't know how to work it out. I made about £1,800 on that trade, becuase I leveraged my trade to be equivilant to actually selling £5000 worth of shares. my stop was at 0.31 and I went in at £195 per point so total risk was around £877.5.

Diamond
 
thanks for that Mr Diamond.

That information puts your trade into perspective.
You risked 5 points to make 9 points.

Good trade, Mr Diamond.
 
Mr Diamond

Surely you jest me !!

"..Open the trade on the 3rd of Feb 2004, Closed on the 2nd June 2004." - 4 months to make 9 points to make £1800 - it would have been better to keep the money in an e-account - reduced risk but safer returns lol


Obiously this guy didnt tell you about money management ".. Don't ask me how much becuase I don't know how to work it out..."

You must have balls - ".. I went in at £195 per point ..." becuase they is no way on earth I would risk £195 per point on a SB (as a sideline how much of your pot do you risk - 1%, 5%, 50%)

Sorry if these questions seem obvious (but its "the bleedin obvious is a good point to start" as my old manager used to say) - the website looks as if it is down - getting an apcahe webserver error
 
Pervaz said:
Mr Diamond

Surely you jest me !!

"..Open the trade on the 3rd of Feb 2004, Closed on the 2nd June 2004." - 4 months to make 9 points to make £1800 - it would have been better to keep the money in an e-account - reduced risk but safer returns lol


Obiously this guy didnt tell you about money management ".. Don't ask me how much becuase I don't know how to work it out..."

You must have balls - ".. I went in at £195 per point ..." becuase they is no way on earth I would risk £195 per point on a SB (as a sideline how much of your pot do you risk - 1%, 5%, 50%)

Sorry if these questions seem obvious (but its "the bleedin obvious is a good point to start" as my old manager used to say) - the website looks as if it is down - getting an apcahe webserver error
Click to expand...

Pervaz,

One thing I always used to to was look at my trades as points profit. This in my opinion is the wrong way to go about things. For example:

The trade that I placed was OXB a cheap share. So instead of looking at it as gaining only 9 points, instead I look towards the price move. This is becuase I can structure my Spread bet to be equivilant to whatever amount I want. So if my total trading capital is £10,000 say, then if I intend to Spread bet, of even trade CFD's where I can leverage my capital, this £10,000 could be made into the equivilant of many times more. In some cases as much as £50,000 - £100,000 (depending on how you place stops, etc.). Let me explain further with the example trade I gave you.

Say you decide that each trade you want to risk a maximum of 5% of your total trading capital. (£10,000 x 5%=£500). So you are prepared to risk £500 on OXB. I sold at 0.26 and my stop was at 0.31, so my stop was 5 points away. Now becuase the total amount you are prepared to lose on this trade is £500 and your stop is 5 points away from the current price, you would then divide £500 by 5, equalling £100 per point. Becuase £1 per point in SB is equivilant to 100 shares, your position is equivilant to selling 10,000 shares. 10,000 shares at 0.26 equals £2,600. So in the above trade you have leveraged your £500 into £2,600.

Now as I said, I closed out my trade at 0.17, which is a 34.62%(0.09/0.26x100) drop. So becuase your position is leveraged into £2,600, your profit is 34.62% of £2,600. so £2,600 x 34.62% = £900.12p. That is a 80% profit your actual £500 investment. Now that is not bad.

Leveraging in this way can quickly build up your capital. The reason you cannot look at points is becuase a 10.00 share that moves 5 points is 10.05, this share would more than likley be more volatile than a share of 1.00, which will been you will have to place a bigger stop. Which means the risk reward would not be the same for the 2 shares.

Hope that makes sense.

Diamond
 
Diamond,

Pls can you broker a deal with this Ishmail Guy for me? The deal is he lets me have the course for free, I will give him 30% of the profits from my first year of trading, I will give you a 25% share of the profits. I will open an account with the SB company that you deal with as they appear to offer bets on peeny shares at a small spread and on weekly basis both you and Downes get a copy of my statement form this SB co?

many thanks


gullible



rgds

gullible
 
If one can make £400 a day for 30 mins work does it mean you can also make £8000 for 10 hours work :)
 
Skimbleshanks said:
Mr Diamond

Are you Ishmail Downes? Or are you connected in any way with IDER Marketing?
Click to expand...

I hope you are pulling my leg.

Why do I feel like I am being put on trial here. I simply wanted to share the course I have been using to make good money - thats it!!!

Diamond
 
Mr Diamond,

dont take it personally !!
look at it from our point of view;
We dont rate VinceS or DarrenW, and are wary of people like that.
( personally, all they do is sell expensive courses !! )

We are also wary of first-time posters who come and start extolling a system.
If you had joined and made several posts on several threads with your help - thats one thing.

But, you joined up, and straight away pointed us to a system that we had to pay for.
Look at it from our point of view - looks suspicious !!

I am sure you are a genuine poster. Hopefully, you can help others on this board with your experiences, without pushing a course or system.

Please dont be scared off - but we tend to help each other out without expecting to be paid.

However, if you are pushing a system, you should have posted on the Commercial Systems threads.

hope you have a good days trading.
:)

EDIT: YOU DID post on the commercial systems !!
You have nothing to fear then.
 
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