Comments and help welcome
I welcome any comments or correspondence regarding any of the posts here, you can also add comments to a specific post if your comment is about the content of that post. I especially welcome any help or advice from other people on a similar mission and of course from seasoned entrepreneurs who have already become rich.
Also anyone in the Essex area who wants to play Cashflow101 and / or Cashflow202. We have both games and are always looking to meet new people
You can post comments directly to the relevant post or email me at mr.simon.powers at googlemail dot com.
May 21, 2008 at 12:26 pm
Hi Simon, I’m a financial advisor, I was on the TU course last weekend and we seem to want similar things out of life. I’m more than happy for you to bounce ideas off with me perhaps being able to give a professional advisor type viewpoint; i.e. tax implications or the like.
Like you, I don’t think there is one magic bullet, there has to be a few roads that should be travelled on the way to financial freedom. Anyway, I’ll leave it with you, if you’d like to get in touch then I’d look forward to hearing from you. Ade.
June 24, 2008 at 4:25 pm
i am Tomasz,we did T.U. together,and you gave me this web address so i find you.Very good is read your observation about all this thinks
thanks for that.Would you explain me how can i add this ADX filter to sharescope and how do you use this ?.
cheers
Tomasz
p.s. i made 20% in one week (2000-2200) but its to early to say hooray:) its just first week on my trading.
July 30, 2008 at 11:14 am
Hi Simon,
I went to an initial 2hour presentation yesterday, and had a very similar impression to you of that, so wanted to research the web to see if their strategy really works.
Your blog is extremely helpfull in allowing me to evaluate if trading and spreadbetting is something for me. Keep up the good work in sharing your findings!
Cheers
Patrick.
August 13, 2008 at 9:31 pm
Simon,
I attended the to hour seminar yesterday in Bournemouth. I thought the content was good. I was already familiar with most of the concepts having read Malcolm Pryors’s book. I did feel that the information given made good sense and didn’t contradict anything I had previously read. If it hadn’t been for the many claims of large %age gains (call me a cynic) I might be more inclined to sigh up for the course. I have spent the best part of the day reading one bad report after another. With most of these it was very difficult to know if they were informed opinions or not. That is until I came across your website. It was refreshing (and somewhat of a relief) to find constructive criticism and realistic gains. Having read your blog I wonder how many have attended the course and simply haven’t followed the rules. I am about to sign up with Sharescope and wondered if, in your opinion, you could pick potential stocks as quickly without the TU software. One of the major plus points in the 2hr seminar was the claim that their software add-on would dramatically reduce the time spent searching for potential trades. I would appreciate your comments on this claim. I think for me the course could be the catalyst for me to move from dabbler to trader but 2.5K is still a lot of money. I would be very interested to find out the current state of your trades as this is the proof that the technique works (of course my major concern). This might be enough for me to take the plunge.
Many thanks,
Jon
September 6, 2008 at 11:00 am
Hi Simon, it’s been a while since we exchanged emails but I like to check out your blog every once in a while to see how you’re getting on. I’m not trading at the moment, mainly because I have to let my company take priority but I want to start again. I made 10% (£500) in a week and then lost it the next week.
I’m still of the opinion that a few things that make £500 a month are better than one service or product that might make £3,000. Spreading the risk so that if one venture fails then it’s a smaller hit to take. I’m trying out a few things at the moment and I’ll let you know if any pay off. Keep up the good work! Ade
November 19, 2008 at 2:32 pm
Hi Simon,
I was just wondering how you are getting on with the spread betting and whether it’s actually working for you?
I’m starting the Traders University course soon, any feedback would be greatly appreciated.
Regards,
Greg
January 16, 2009 at 9:28 pm
Simon,
I only discovered your blog yesterday and devoured the whole lot in 20 mins flat!!
A little disappointed that it seems to have petered out. Perhaps you’re far to rich these days to find the time to update the aspiring masses.
Your experiences and advice have been invaluable so far. I hope we’ve not lost you to the owning classes just yet!!
Best, and in anticipation of your next blog update….
Pete
January 17, 2009 at 5:06 pm
We went to the Traders University seminar this week and thought it was really good being fairly easy to understand. We have not done any trading before but wanted to know more about it.
We were going to comit to paying the money on the night but the hard American type sell didn’t really do it for us.
Having read the comments on your site we’re very glad that we didn’t! It seems we can learn a lot of the information ourselves by getting books and having a go.
We’ve order the Financial Spread Betting Handbook but also saw another one called Mr Spread Betting; a bit expensive but excellent reviews on Amazon. Does anyone know if this is any good?
Thanks for your reviews – keep them going. They are very helpful.
TipTop
(Soon to be rich trader)
January 26, 2009 at 8:48 pm
Hi Simon,
I have signed up to go on the TU course and very glad to have come accross your very helpful blog. I have purchased Trading in the Zone and the financial spread betting handbook but I am an absolute beginner so I still feel I need the coaching – and I am looking forward to it.
Anyway, it is a shame that your blog has stopped, it has been so interesting. Have you given up on the spread betting, continued with it and making a sensible return or have you moved onto other things that interest you more? If you have continued, I would really like to know how you have been getting on with it. I find Share Scope a bit odd to use, I haven’t got the measure of the logic behind managing the layouts and windows – i guess I will with a bit more persistence. Kind regards, John Pearson
February 16, 2009 at 7:27 am
Hi Simon,
Glad to see you’re still on the blog and making progress with your ideas.
March 20, 2009 at 12:16 pm
Hey Simon,
Hows the trading going?
I see you’re in the Essex area, I am that way too. if you want a beer one day to swap trading experiences let me know – email me.
March 21, 2009 at 7:56 pm
Hi Simon, I came across your blog from one of the Greg Secker websites and thank you for sharing your interesting comments on trading and the TU.
I attened a wealth course today and the TU were presenting and I found the course they offer totally facinating although the fee has now increased to £3k but listed as almost £6k on the net.
Anyway, following your recommendation, I have brought trading in the zone adn am hoping to read that asap and have also decided to enrol on the FX trading 2 day course and hoping to go with the flow.
In terms of the cash for the course, in my opinion you can go on the net and find cheaper course…I found one for £250 for 2 days – but realistically how much value will you actually get from that course. I think you have to speculate to accumulate and there are no free rides in this world….if you are seriously committed then the cost shouldn’t be an issue as it opens you up to all that knowledge, support and also the formation of your own mastermind team from the attendees….so once committed you will be dedicated to get the end resulls – financially free from the 9-5pm day job!
Anyway, that’s my views and great to read your blog once again.
Sharan Kaur from Birmingham
March 23, 2009 at 4:56 pm
Hi Sharan
Thanks for taking the time to write on the blog. I would like to question some of the items in your comment if I may.
I would not necasserily equate the cost to value derived from the course. Value is a perception and cost is fixed so the two dont always equate.
Also you say “you have to speculate to accumulate”. I dont agree with that. I think that it is more likely true that “You have to spend money to lose money”!
As for signing up for the next course, I would see if the info from the first course works for you. Try out the strategy they give you in real life and if it works and you start making money, then invest the money you make on the second course.
If you dont make money and find their strategy doesnt work for you, then you wont have spent any more moeny on their courses.
I would strongly recommend reading some of the posts on here regarding building your own trading system and why that is important.
I wish you the best of luck and thank you for writing on my blog. Ultimately, if you invest in your own future and you keep on doing that with a positive attitude you will find the combination for you and become obscenely rich!
Simon
April 3, 2009 at 10:43 pm
Simon, just read you latest mgs….sorry to hear about this company being unreasonable with you.
As for trading systems….I think if you know enough to design one that works (there are few that really do), then you should know more than enough to actually make a living by trading.
all the best….
ps I have been strongly recommended by traders the book Pring on Patterns, but have not read it myself.
April 4, 2009 at 4:33 pm
Hi RikRok
Yes, it is a pain, them not being more reasonable.
I’ll check that book out and see if it is any good. Thanks for the recomendation.
I am reading a book on the maths behind trading systems at the mo, in a book called “Mathematics for Economics and Finance: Methods and Modelling” by Martin Anthony and Norman Biggs. It seems quite good so far.
Thanks for the confidence re: trading.
April 20, 2009 at 10:30 pm
Simon,
– trades often break a trend then come back to test it as CAD is doing at the moment. Trading after the test is the best way not to get whipsawed.
Of couse CAD may do anything from here on, but I’m looking for a convincing reversal back down. below the trend (support) line…if that happens I’ll be short.
April 24, 2009 at 10:27 pm
See,
It worked.
200 pips.
nice.
April 25, 2009 at 9:51 am
Excellent, well done.
April 30, 2009 at 7:05 am
Cheers mate.
Theres been a couple more good trades since – a sell on USDCAD and a buy on GBPJPY.
If you want to, send me an email and I’ll let you know the source of the method. It beats TU.
July 7, 2009 at 9:47 pm
Hi,
I trade the FTSE350 plus a few currency pairs on a regular basis. I do make consistent profit, but I am trying to figure out a “black box” methodology instead of a few signals and then me going “feels good” or “nope, skip it”. I would love to backtest everything to find out if my gut HELPS or hinders! I can program in PERL and JS and wondered if you would part with your sharescript backtester as a place for me to start. I need to do some very complex stuff with MACD looking for higher highs and lower lows, but I’ve already written most of the filters in Sharescript to find my trades… just don’t know where to start exporting backtest info and hooking that into keeping a running total of gained/lost points!
Anyway! – If you should feel like emailing me a copy, then I’ll keep you posted! I wish you and your family all the best for the future,
Rich.
August 14, 2009 at 10:48 pm
Simon,
I am now well away with my trading on those trading methods I sent to you.
Take 3 months to follow the instructions on demo then go live.
Once the method is embedded and becomes intuitive its all so easy and very very lucrative.
all the best..
November 7, 2009 at 3:12 pm
Simon,
where are you? Why no updates?
Have you given up?
You won’t get obscenely rich by giving up!!!