follow the money OR trade the banks - Guy Cohen - PART TIME TRADERS

[pmekneb]

Hello, I was wondering if anyone has any experience of doing this? I believe it is a successful strategy which seems to be subjective which I assume is how he gets around FCA regulation but wonder if there are any part-time traders out there with experience of follow the money strategy. Obviously sounds too good to be true etc etc.
Ben

 

[rninja]

Sounds a bit far-fetched. What edge have we got over the market? And the PhD educated people that study markets 7 days a week.
I'd stick to mainstream money making and investing.

 

[pmekneb]

Sounds a bit far-fetched. What edge have we got over the market? And the PhD educated people that study markets 7 days a week.
I'd stick to mainstream money making and investing.

Well interesting you said that because the strategy is that you follow the big players who forecast the markets in the options market - this is a market betting on the future price of stock and it’s here where you see big changes in volume which allows the software to forecast future share price movement. So the big players make big bets and this requires huge amounts of stock to be bought, when this happens the software guy created alerts him that there’s big volume of transactions and that is a clear future indicator of price.

And yes the market is rigged and well-known so the principle is follow the guys who are in the know. Was wondering if anyone on here has tried it and had success?

I am planning on trying it this weekend for next week.

 

[MrsDeeg]

I have worked in the City of London in Banks and Treasury Departments of huge corporations. These guys are very well educated in their field, they live and breathe their job and they can still get it wrong. Algorithms re 99.99 %of trading strategies but rumour, sheep mentality, fear, panic all have their part to play as does global politics, time of year and even the weather and many other factors. Trading is not for the faint hearted but good luck if you go down this route.

 

[pmekneb]

Thank you, that’s interesting, out of interest what do you do now? I’m planning on giving it a go until Xmas. I’m surprised someone like yourself wouldn’t be interested in it, as guy literally picks the trades himself and He’s developed a good following. He doesn’t claim to get it right everytime but he has been independently reviewed several times and all have positive things to say. It’s also not surprising that he wants to tell his story and has now developed a mentoring programme as he gets More enjoyment out of teaching than trading.

 

[MrsDeeg]

I am out of work at the moment. Trading isn't for me but it may well be for you. Having said that I have just remembered that I made the deposit for my first house in the 1980's trading shares. Usually new issues where (I believed) there was the most opportunity for growth....... I bought at the beginning with low prices and only kept them until the price had increased by 10% - 15% then sold. I wasn't in it for the long term. Yes, I made £6,000 in a year.

That was purely in instinct, plus reading the FT and the Investors Chronicle. A couble of friends and I were in a kind of club where we discussed our portolios. We were women on the edge! I was only in my 20's. I remember we invested in one of the companies that made compact discs and also The London Rubber Company (Durex)..... not very pc..... we could see this would be a growth industry.......

I can't see the link to the original article. Could you point me ihe direction of the original post please?

 

[pmekneb]

hi sorry for the late response. Really interesting sounds good I got on the Royal Mail one and made £1.5k, hard to keep on top of them at the moment. With this though I've been running a demo account and have made 30% in the last month, which is ridiculous, off three trades. It's a strong and compact system, better than most out there I think and easy to follow. There are indications but it's more built for someone who is looking to get into trading part-time for the long term. It's ironic really because it's the easiest way to make money online possible but most are scared which I understand but not really for a good enough reason.

honestly haven't found a better way to make money online for less effort but I think you have to have an interest and a

cash master did a review on it and they're a pretty good site -

https://www.cash-master.com/follow-the-money/

https://www.cash-master.com/trade-the-banks-8/

http://www.guycohen.com/us/cm/Follo...okieUUID=0742fa6f-df34-4b39-bc6b-009c15f586ce

let me know how you get on if you give it a go, I'll be interested to see down the line.

 

[MrsDeeg]

Well, you have piqued my interest. How is it going for you so far this month?