Trading the Easy Way - Ian Williams
- Thread starter bodhipolitic
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A seasoned gambler goes around the casinos in Las Vegas looking for a Roulette wheel with a slight bias in his favour. If he finds it he places a portion of his money in that particular slot per try. If he is right and wins he increases his bets in the next round. When his winnings increase he increases his bets. But, knowing casinos, after winning a certain amount of money he packs up and leaves, pretending it's just dumb luck and not hard work.
He goes away from that casino for a while, maybe look for another casino with a Roulette wheel with a slight bias in his favour. And he repeats the process.
If the casinos know about his ability they may ban him from entering, change the rules or change the Roulette wheels.
Trading with an online broker can be similar to an online casino, especially if the broker is not properly regulated. When the customer wins too often the rules change, very subtle, inconspicuous except to the very discerning eye.
An online casino offering Blackjack for example: the customer is on one end of the computer in one location, the casino in another location, who can know what happens at the other end?
In a deck of 52 cards there are 4 aces, 4 kings, 4 queens, 4 jacks. The customer starts playing, continues to win, then starts to lose, he gets 17 the casino gets 18, he gets 19 the casino gets 20, just slightly higher to beat the customer, then he gets two Blackjacks in a row followed by the casino getting 3 Blackjacks in a row, nothing obvious unless one notices the 5 aces.
He goes away from that casino for a while, maybe look for another casino with a Roulette wheel with a slight bias in his favour. And he repeats the process.
If the casinos know about his ability they may ban him from entering, change the rules or change the Roulette wheels.
Trading with an online broker can be similar to an online casino, especially if the broker is not properly regulated. When the customer wins too often the rules change, very subtle, inconspicuous except to the very discerning eye.
An online casino offering Blackjack for example: the customer is on one end of the computer in one location, the casino in another location, who can know what happens at the other end?
In a deck of 52 cards there are 4 aces, 4 kings, 4 queens, 4 jacks. The customer starts playing, continues to win, then starts to lose, he gets 17 the casino gets 18, he gets 19 the casino gets 20, just slightly higher to beat the customer, then he gets two Blackjacks in a row followed by the casino getting 3 Blackjacks in a row, nothing obvious unless one notices the 5 aces.
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Just wondering, what's the likelihood that a broker may cheat or close my account if I can make say, 20% return on capital per day and compounding that capital and profit daily?
If an account is doubled like:
2 x 2 x 2 etc.
At the end of 12 doubles the factor is 4096 and after 14 is 16,384.
That is, a $100 account if doubled every month becomes over 4096 x $100 = $409,600 after 12 months,
and 16,384 x $100 = $1,638,400 after 14 months.
If the doubling happens every week, then a $100 initial capital becomes over a million in about 4 months.
Very important to find a broker who doesn't cheat, and must be willing and able to pay up.
Yep. They just changed the rules, they can't afford to pay up. Unregulated brokers are like that. Why would anyone want to deposit anything more than $1000 with an unregulated broker, when a $100 is enough to compound to over a million.
If an account is doubled like:
2 x 2 x 2 etc.
At the end of 12 doubles the factor is 4096 and after 14 is 16,384.
That is, a $100 account if doubled every month becomes over 4096 x $100 = $409,600 after 12 months,
and 16,384 x $100 = $1,638,400 after 14 months.
If the doubling happens every week, then a $100 initial capital becomes over a million in about 4 months.
Very important to find a broker who doesn't cheat, and must be willing and able to pay up.
Yep. They just changed the rules, they can't afford to pay up. Unregulated brokers are like that. Why would anyone want to deposit anything more than $1000 with an unregulated broker, when a $100 is enough to compound to over a million.
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trading the easy way
Can anyone who has procured Ian Williams' Trading the Easy Way, advise on the success (or not) & their experience, i.e what % returns of investment being made ? I see from marketing literature, if you follow his strategy you can make £30kpa on 1hr per day trading !?
Are there any other similar 'services' or subscription/tipster services that can be recommended ?
:?:
Can anyone who has procured Ian Williams' Trading the Easy Way, advise on the success (or not) & their experience, i.e what % returns of investment being made ? I see from marketing literature, if you follow his strategy you can make £30kpa on 1hr per day trading !?
Are there any other similar 'services' or subscription/tipster services that can be recommended ?
:?:
bluetipex
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srsmith said:
This is a good introductory course for a beginner. Good solid explanation of the basics. However, I returned it as it doesn't suit my style. "Making Money from Financial Speculation" is another Streetwise offering which is very, very similar. It also gives good introduction to Position Trading. A mere £59.95 from Streetwise with money back guarantee.
On another note, I keep on getting a mail-out from Streetwise on Fixed Odds Betting for £999+VAT, almost every other week. With this one there's no money back guarantee whatsoever. It's becoming very, very annoying. Now I tear it up straight away without opening it and put it in my recycling. May as well be kind to the environment...
James Sargent
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Ttew
In my experience, Trading the Easy way is an excellent introduction to and developer of a trading strategy. In additon to his clear exposition of the process, I like Ian's personal style and sense of humour, and I value the weekly updates called WICS - What Ian Can See- which includes an indication of charts displaying probabilities for profit. The fact that so far I have not become a successful trader points to the fact that I have not yet acquired the necessary discipline, patience and sheer application for the task., and does not reflect adversely on Ian's method which I would still highly recommend. JS
bluetipex said:
In my experience, Trading the Easy way is an excellent introduction to and developer of a trading strategy. In additon to his clear exposition of the process, I like Ian's personal style and sense of humour, and I value the weekly updates called WICS - What Ian Can See- which includes an indication of charts displaying probabilities for profit. The fact that so far I have not become a successful trader points to the fact that I have not yet acquired the necessary discipline, patience and sheer application for the task., and does not reflect adversely on Ian's method which I would still highly recommend. JS
I bought this system earlier in the year, spent a couple of months reading and understanding it before live trading, lost several trades in a row and broke even a couple of times, not a reckless trader by anymeans and followed the rules to best of my ability, after this I stepped back a bit and dry traded but still no luck, tried to connect to Ian Williams via the given email addresses re enquiries and his trading updates etc but unfortunatly no reply. By the time I was ready to return this for a refund I had passed the date of return, It may work for some, I may have been doing something wrong. wont know the answer to that one.
scaddaye said:
If you have bought a course, entered a few trades with the hope making it straightaway, you are in for a big surprise. Trust me, a course to make you successful (at your present mindset) hasn't been developed yet. But if you still want to buy my 'Secret System That Increases Your Capital By 100% Every Month' for a discounted price of £4999, please contact me by PM.
You say you contacted IW and had no replies. This is so unbelievable and laughable a claim (IW's students here will agree) that I am not even going to spend time arguing. Have you read the WICS archive? Have you understood them all? There are 52 past issues of WICS with annotated charts, literally hundreds of examples of patterns and trade management, including winning and losing trades. Have you reviewed them all? Have you checked the previous price actions of those stocks and understood where you would have had opportunities and how you have managed them? Have you written your own, well-thought out trading plan and tested it? Have you then traded on the basis of that plan? Have you kept meticulous records of your trades? Have you learnt from them? Have you then updated your trading plan again?
You haven't. You haven't done any work whatsoever. You just bought a course off the shelf, gave it a few days' read, entered a few trades, and hoped you'd make it big time.
Keep trying.
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Openmind, thankyou for pointing out out stupid I am, yep a 3min read and get rich quick, you obviously didnt read what I wrote, spent many weeks reading and rereading the material, tried severeal times to access the WICS archive but no success initiating this service with the supplied email address, emailed Ian Williams via the other supplied email address but as stated no reply, this was repeated a week or so later, you may find this amusing and laughable but I dont There may well be a lot more info in those reports to add to the original material however I will never know,
Once again 'Closedmind' thankyou for being so helpful
Once again 'Closedmind' thankyou for being so helpful
Scaddaye. I back tested TTEW and it worked OK on some mid-cap shares but only about 50% of trades were profitable. It did not perform well on the majority of large cap stocks which I tested. Most shares trend for only about 30% of the time, the remaining 70% is spent in non-trending fairly short-term random price fluctuations. I would suggest that you send it back (even if it has passed the 'return by' refund date). Include full details of all your trades and demand a full refund.scaddaye said:
scaddaye said:
HERE, HERE These boards are about helping not rubbing someones nose in it, i to have just started out and was looking at this course myself, what i have noticed is that a lot of these course's are marketed at the beginner as being easy to understand, simple and that proven results are obtained from following some simple steps, this can be somewhat misleading, especially to those new to trading who have yet to find out that 90% of all this stuff is bogus tripe, i went on a very expensive seminar and while the content was good i could have got most of the info for a lot less but i was less aware of how things work, so to speak and didnt know of the alternatives at the time
This is slightly off topic, although broadly related.
I've got this course and I quite like it and would like to give it a try.
Spread betting is not really an option for me, so how else could I use the course? I'm a newbie to trading itself, whilst I like to think I have some knowledge and familiarity with the terms used, it's the nuts and bolts of trading I am new to. Is it possible to buy stocks and shares (preferrably online) with a stop loss in place etc?
Thanks for any help.
I've got this course and I quite like it and would like to give it a try.
Spread betting is not really an option for me, so how else could I use the course? I'm a newbie to trading itself, whilst I like to think I have some knowledge and familiarity with the terms used, it's the nuts and bolts of trading I am new to. Is it possible to buy stocks and shares (preferrably online) with a stop loss in place etc?
Thanks for any help.
I would rather own something, rather than 'placing money on a bet'. I realise that it's more of a semantic difference, whereas the reality comparing it to say futures or shares isn't much, but I'm not really comfortable in betting.
This may come across a tad silly, but feeling like this I think could also impair my ability at 'buying' and 'selling'.
I've done some hunting around, and found a couple of possibility, but would appreciate ppls input from here, as I'm a relative blank canvas as far as the practicalities are concerned, and have the TTEW as a starting point (which mentions a few companies and the odd bit of software for those that do not know).
Thanks.
This may come across a tad silly, but feeling like this I think could also impair my ability at 'buying' and 'selling'.
I've done some hunting around, and found a couple of possibility, but would appreciate ppls input from here, as I'm a relative blank canvas as far as the practicalities are concerned, and have the TTEW as a starting point (which mentions a few companies and the odd bit of software for those that do not know).
Thanks.
Windowsill
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tdms said:
If you actually own the share you have the "benefit" of not having expiry dates and stops losses to worry about.....And by buying the share you have actually got the funds to invest! With SB to achieve the same "comfort level" you would need to bet on a long term ..Say June 2006 contract and put say £1 on e.g. BHP but have at least £900 in the SB ac. I.e. if the share price fluctuated widely you would not lose money by being stopped out, or timed out in the shorter term. However you would likely be considered an Investor, as you would be less worried about day to day fluctuations and more fundamentally concerned. Coming back to your original point, stops are not that logical for an investor. The whole “problem” of trading & investing is fear and greed and where you put your stops & take your profits.
James Sargent
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Not interested thanks. JS
Free legal advise
My goodness....... I charge £158.00 per hour and no one wants FREE advise! No problem. I'm here for anyonewho wants help with the filing out of a simple court form. You will have to pay a small court fee and as the amount in dispute is highly unlikely to reach £5k..... You will not have to pay costs to the winning party.
I think that anyone who has a dispute with companies who ignore your requests for refunds just play the numbers game. If we are sued.... then we;ll pay or look for some small print or get out clause.
For those wanting to do a little research www.hmcourts-service.gov.uk
Good luck all.
My goodness....... I charge £158.00 per hour and no one wants FREE advise! No problem. I'm here for anyonewho wants help with the filing out of a simple court form. You will have to pay a small court fee and as the amount in dispute is highly unlikely to reach £5k..... You will not have to pay costs to the winning party.
I think that anyone who has a dispute with companies who ignore your requests for refunds just play the numbers game. If we are sued.... then we;ll pay or look for some small print or get out clause.
For those wanting to do a little research www.hmcourts-service.gov.uk
Good luck all.
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