In the past I have very hesitant to tell clients about my trading method and here’s why…
#1. I advocate developing your own system.
#2. My system isn’t suitable for everyone.
With that said, I have, in the past, hinted at the fact that I trade a variation of the Darvas box method. In short, Darvas’ trading method suits my lifestyle and provides me with the returns I’m looking for.
Since I’m currently trading this system with real money, I’m keen to get your feedback/comments. Watch the short video below to learn a little more about the Darvas & his trading methods.
Post your comments below.
Your business/trading philosopher,
David Jenyns
Ps. The video above was taken, with permission, from Jim Cox’s Nicolas Darvas Home Study Course. It’s currently not available to the general public but, since I help Jim get his course online, I have a special link should you wish to gain access. Click Here.
PPs. My Thailand trip went well and you can see the photos on my facebook page.
Morris says:
David
Anybody who is a serious trader would never put his money in a managed fund. I’ve read your ultimate trading system which I thought was good information for amateur traders looking to start trading, however if one is to become a serious trader and make a living at it you have to do constant research for sound stocks on the move. I disagree with you regarding the size of a trading account. One can easily make a $150,000 a year with a $50,000 dollar account, once he masters his trading skills. I am currently making 10,000 a month on a $30,000 account. Of course I trade on NYSE and Nasdaq. But to give you the benefit of the doubt I imagine you would need alot more if your trading on the Australia Exchange where the Volatility is a lot less.
July 21, 2009 at 5:42 pm
David Jenyns says:
Hi Morris,
Great feedback… just a few points to clarify.
1. I know plenty of serious traders who put their money in managed funds and to be clear, I’m talking about small boutque funds investing in emerging economies not your average funds that are pegged to market indices. These funds are typically open only to sophistacated investors.
2. The Ultimate Trading Systems 2.0 was never meant to be the be all and end all of trading manuals… it’s a stepping stone to ensure my clients start off on the right foot. I agree successful trading takes years to master.
3. You effectively said you can consistently make 200% p.a. easily. I’d like to see the metrics on such a system. I’m sure the drawdown would be beyond most peoples comfort zones and the # of trades would require you to trade it would be full time.
That said, everyone has their own methods – I say if it’s working for you, stick with it!
Your trading coach,
David Jenyns
July 21, 2009 at 5:59 pm