Haystack
- 11 Oct 2003 18:19
I have been investing and trading for quite a few years now. I have been successful at times and not at others. I made a lot in the tech. bubble quite fast and gave most of it back to the market even quicker. I didn't know about stop losses, money management, technical analysis or many other crucial things. I decided to spend some of what I managed to keep from the tech. madness period on some investor training.
I contacted Bullshare (Mike Boydell) through ADVFN which he was running at the time. I went on several courses run by another of his companies. I did 'Day Trading' which covered day trading and short term trading. I did 'Technical Analysis' and 'Advanced Technical Analysis', 'Introduction to Level 2' and several other investment courses. Most of them were one day events. Since Mike has been running MoneyAm I has also done the new Level 2 course by Mike and Crocodile (David Anderson) which was fantastic.
The current Level 2 course is brilliant. It show how to use Level 2 to your advantage on both SETS and SEAQ stocks. It is a revelation to see how the order book is manipulated at times by big players and how computer 'bots' (robot software programs) drip feed regular buys or sells into the market and how to spot them. Level 2 is useful for seeing when a price is turning against you or in you favour. It makes opening or closing a position that much safer.
Some sort of investor training is essential even if it is only one of the basic courses as it pays for itself on the first post course trade. It amazes me now how I used to invest hard earned money into companies with so little knowledge. Investor training is very important at the moment as we may be heading into a bull market again soon. This time I expect to keep much more of the money I make.
I would be interested to hear of anyone else's experiences of attending couses for investors and how it helped or hindered them.
ajren
- 11 Oct 2003 18:28
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Overall,I think they are great especially when they become
joined with Streetwise,Gut-instinct thinking