How to Become an Independent Trader or Investor | Actionable Tips
Posted on October 5, 2018
I hope you had a good week! There’s been plenty of action in markets around the world, and our students and Trading Club members were certainly prepared for it. With the financial media clamouring over an interview that Duqesne Capital's Stanley Druckenmiller did with 13D’s Kiril Sokoloff last week, it reminded me of what Lex and I set out to achieve with our Academy. Whilst its great to watch those kinds of interviews, nothing beats real-time analysis and learning with the personalised feedback that we are able to provide. What's more, we always emphasise delivering concepts and techniques that are applicable to you all as (predominately) independent traders and private investors. Now, ‘Stan’ certainly has some great insights to share, but what's relevant in his trading probably isn’t as relevant to yours (unless you secretly do have a $12 billion trading account).
Bringing it back to how I opened this note, I wanted to share some of the ways that we are helping our students and members on their journey as independent traders. I have been working hard in recent weeks to bring to you some new features in the Trading Club, to make our service even better value (and from your comments, you seem to unanimously agree!). Here are a few excerpts from our new Monthly Checklist Report and Trading Club video analysis released exclusively for our members this week.
Firstly, we expanded our currency analysis to include checklists for USD, GBP, EUR, CAD, JPY and now also AUD (Australian Dollar). This means that our members are now prepared to trade six of the world’s most important currencies using the process that Lex explains in the FX modules of our Million Dollar Traders online course (P.S. you can get 50% off the course if you claim it this weekend with discount code “HALFTIME” - if you haven’t taken it yet, now is the time!).
We also changed one or two things in our checklists to ensure that they remain up to date for current trading conditions. Remaining in currency land for a moment, you can see from the following example featuring the British Pound that we have improved the way which we score the health of the economy and technical picture in the Economic Activity and Price Momentum components, respectively. Its also interesting to note this month that our checklist has returned to a ‘neutral’ score of 0 from a previously positive score in the past couple of months (Club members can go back and revisit this analysis and see how it played out in our extensive video archive).
We’ve also applied the new technical model to our other checklists, including Gold, Crude Oil and US Equities (below). It may not sound like a big deal, but behind each of our criteria are many hours of research, testing and development behind the scenes before Lex and I sit down together and vote on whether they make the grade for you, or not. Naturally, as a quantitatively minded investor and fan of technical analysis I get quite excited about revealing these things to you!
Finally, I’ll leave you with food for thought (particularly if you are long crude oil, or are feeling bullish). Our checklist has turned down and is strongly negative at -5, suggesting that the smart money might be looking for opportunities to short WTI in the coming month.
Only time will tell whether the checklist proves to be right in providing an early warning of a pending correction in Crude Oil (as always, please refer to our disclaimer and remember that no person or process can accurately predict the future!). However, rest assured that we will be monitoring this in real time and ensuring that our members are prepared and up to date with developments as they happen in our Trading Club. If you aren’t already a member, you really are missing out (a lot of people promoting subscriptions may say this, but to draw on that popular trading quote, 'this time its different!'). And unlike Stan Druckenmiller (who for what its worth, I have studied a great deal in my early career) we won’t be moaning about 'those darn algos’ and other institutional concepts that just aren’t applicable to your trading as a private investor.
You can check out the latest video here offering our authentic and unbiased perspective, and in case you need further encouragement, check out some of the feedback this week from our members below;
“..as a new subscriber I'm so glad I have access to your insights. From a technical standpoint I have found my way and have a good process, however when it came to finding someone who knew how to look at things from a fundamental perspective AND provide reasoning along with a repeatable process, I just couldn't find anyone credible until now.
I literally cannot wait to take the million dollar traders course."
"Thanks James for this very instructive video. This is a big problem i have to cut through the noise, overwhelmed by too much information even though it's from credible sources.."
“..I just wanted to thank you for the update. And also would like to say a special word to James. This week's video is very good."
"As a long term subscriber i must say that i improved in such a way my trading/trading style that i consider this, one of the investments of my life. I’ve completed the Million Dollar Traders course, and knowing to build up the checklist and working with that has indeed helped me. And believe me, it has helped me a lot!"
"…it helps to understand in a bigger view the current market conditions (risk on/off)... You guys make great great work."
Wishing you a great weekend, free of irrelevant concepts and institutional trading BS!
Don't miss to seize the deal this weekend: FALL FLASH SALE - 50% OFF for the lifetime access Million Dollar Traders Course plus 2 weeks of complimentary Trading Club access!
James Helliwell | Chief Investment Strategist
Disclaimer: Our service is intended for educational and informational purposes only and should not be considered investment advice. Do not make any decisions based on the articles and material presented on www.lexvandam.com and never trade with money you cannot afford to lose. We cannot be held responsible for your trading results. For more information, please check Risk Disclosure - T&C.