Making Money From Financial Spread Trading – Vince Stanzione - February 14, 2011 by Harry

Well well well. Sorry for it taking so long for me to post again. I’ve been even busier than usual. I have recently purchased a copy of Vince Stanziones’ trading system and I have been working through it with the overall aim to adding my review to the site and allowing others to add reviews as well. I have to say I was wondering what it was going to be like with the £197 price tag and so far I’ve been actually quite impressed. He certainly likes to keep things simple and the strategies that he suggest to use echo the ‘KISS’ philosophy.

 

NEW* You can now read my review of Vince Stanziones Spread Trading System

 

Self made millionaire Vince Stanzione has produced a home study course to help you learn how to trade spread bets. For more information or to get your FREE Copy of “10 Top Trading Tips The Professionals Don’t Tell” visit Vinces Web site

Spread Betting Education

 

I can certainly see why most people deem what he is selling as a SCAM as when you actually break down what you get there is no reason with time and effort you can not teach yourself all the same things. The thing is Vince brings something else to the table. Something which you cannot teach yourself and that is his own experience of trading. I’ve been trading for two years now and the last year has been a really steep learning curve for me. I had a mad 6 months at the start of last year and if I’d carried on I could’ve easily been out of the game and spread betting beginner would be no more. Fortunately I gave myself a good kick up the back side and I am still in the game. The biggest lesson I leant is self discipline. If you read back through my blog archive I think it becomes more and more evident that the control I have over my own emotions and my trading has improved dramatically. This self control and following the rules is something that Vince stresses throughout the course material and on the DVD.

 

I can see why some people would probably purchase this and feel they have been cheated. It is very simple and you probably will think I could’ve taught myself that. The strategies that he suggests to use are really straightforward and easily programmable into a proRealTime screener. Vince suggests using sharescope but personally I see no extra benefit from paying £16 per month when I can get virtually the same for free. I’m sure sharescope has more functionality than proRealTime but for what I need it for proRealTime does the trick.

 

Just so you know this is not my review of his system, so keep checking back for this over the coming weeks. I think I will do a series of pages breaking it down piece by piece and reviewing it a bit at a time. I’ll keep you informed via my blog entries when the reviews are ready to read.

 

Onto the trading. Well no new trades today. Just raising stops on open positions. It’s funny because I have been looking in more detail at some of the strategies Vince suggests in his course and there is one that get’s you in at similar times as my super trend cross over strategy. It also keeps you in the trade longer which is sometimes a good thing and sometimes a bad thing.

 

I ran some quick figures based on my super trend strategy over the last few months. I assumed that all the open positions I have closed out at there stop price so the figures are not entirely accurate and equally not that impressive. I have 6 position still open, each of which could still make more profit. Bear this in mind when you read through my summary.

 

I’ve made 23 Super trend trades in total.
13 winners
10 Losers
Made £79
Lost £45
Biggest Win £23.96
Biggest Loss £10

 

The thing is I’ve realised these figures are a very un reliable source of how profitable the strategy actually is. I’ve not really stuck to my 1% risk religiously. Never more but sometimes less. For instance The biggest win trade I only risked £5 so I should’ve gone £2 per point. If I had my biggest win would read £47.92 and my overall profit would be bigger.

 

To summarise, I think my super trend strategy is a profitable one and does give me an edge. From now on I need to position size appropriately (not just £1 per point) and give it 6 months and then re-asses the strategy.

 

Considering I didn’t think I had much to write about today I think I did pretty well don’t you.

 

Off the lip thanks for taking the time to run the back tests on the new strategy and providing me with some excellent analysis of the results. I aim to get them added to the site as soon as I can and will let everyone know in a subsequent blog entry.

 

Until next time,
“May the markets be with you!”
Harry,
The Spread Betting Beginner

How to become a millionaire! - November 1, 2010 by Harry

Well it looks like all our prayers have been answered. Vince Stanzione is going to make us all millionaires. All we need to do is invest £197 in his trading system.

 

I was reading a forum post over on spread betting central and I seen Vince himself has posted and included a link to his winning formula website. Now I can’t really pass comment on his trading system and I’m sure he’s made more money spread betting than I can ever dream of making, but all these trading system sites look the same too me. No offense to Vince but the design of all these sites just screams rip off. Also if Vince has made the millions that he claims why does he need to charge £197 for his trading system? Why not just keep making millions and millions spread betting? Or why not give away the information for free and do some other people some good since he has more than enough money any way.

 

Sorry for the rant, it just those sort of sites are all the same. It starts with an introduction, then its explains how you can do the same. Then it’s all the reports of other people copying them and making huge sums of money. Then come the copies of bank statements showing us proof of the money. Then the videos of all the people that have copied them and made a 90% return in a couple of months. The thing is they leave out all the bad parts. What about the people that have lost 90% in a couple of months , well it’s probably because they didn’t follow the system properly, right!

 

If I personally had made millions from spread betting I would share how I did it. You never know you could be witnessing the very start of that story. Not very probably but certainly possible.

 

Anyway enough about all that back to the business of trading. You may remember I said on Friday that I tried to move money from my old CMC account to my new one. Well for whatever reason they couldn’t do it and they still haven’t so my persimmon order didn’t exectue at my price of 341 because of lack of funds in the new account. I opened it in my old CMC account at 339.25. Saving myself a whopping £1.75. Still it’s a saving at least. My stop is still set for 331 so I’m only risking 8.25 rather than the £10 originally planned.

 

All my other positions are taking care of themselves. Debenhams has dropped back a little but EAGA is ticking up nicely. Interestingly I’ve just checked the chart for Persimmon and 339.25 is the same low price that was hit on 20/8/10, maybe it’s fate, or probably just pure luck.

 

I’m trying a fixed price trailing stop on EAGA currently set to 6pts. I’m keeping it tight for now until the position moves more into profit. I think I may look to employ a trailing stop based on ATR possibly 1.5x the ATR(14). I’ll leave it as it is for now and take a view on this over the next few days.

 

UPDATE: I’ve been looking at my open positions page (Which I’ve renamed spread betting trades). I think the new name makes more sense. Anyway, I’m not sure if I’ve done the right thing regarding the stop value. I am currently updating this when I move my stops. Should I just leave this as the original stop level? This way it will be possible to see the initial risk and the final P/L rather than just the final P/L? What do people think it’s best for me to do here? Please let me know. You can either leave me a comment below or contact me. Thanks!

 

ANOTHER UPDATE: I’ve only just noticed that bigAl60 has started his trading journal over on the forum. Incase you haven’t read it you can check it out here. If you want to reply or add a comment to his post then you will need to register here. Please do read his journal. It makes better reading than my trading at the moment!

 

Until next time,
“May the markets be with you!”
Spread Betting Beginner

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