I was thinking of doing Diploma in Stockbroking Investment
offered by Dublin Business School at 1350euro.
the only fault I have with his book is that he spends no time at all on Spread betting which is the medium that he uses to trade, which is why I am now reading 'The Financial Spread Betting Handbook' by Malcolm Pryor, highly recommend this book, author is from the UK and like Shipman, its all stratight forward, no get rich quick crap. I think anyone thinking of attending Shipmans course should read this book first!
Also, while his methods are all about following trends, he doesn't address the possibility of using short positions to follow downward price trends, even though spread betting is one of the most accessible ways for ordinary investors to go short.
Years ago, somebody said to me that it is possible to make a living out of short selling, but you’ll only ever make a fortune out of being long in a bull market. That was worth remembering, and it has been true for us. In 2000 and 2001 we made a living out of being short during difficult times, but by definition you can never make a fortune out of it because you can’t get the multiplication that you get from the long side. But if you invest in the long position, you can multiply your money many times over.
I don't think shorting is his thing at all though. He describes himself as a long-term investor and doesn't consider what he does trading
While we are on the subject of spread betting - does anybody think it would be a good idea to form a small group of spread betting investors to meet, say once per week? an investment club if you like? just a thought and maybe a crazy idea, but there is power and accountability in numbers which is very important for minnows such as us starting out on the road to spread betting success, reply if u may be interested.
If 4 or 5 people were to club together and we all use the same strategy, then we should be coming up with the same instruments to bet on.
Up until 24th dec 07 he used post up all his weekly positions for free of charge.
However - this has since been suspended until it gets further approval from the regulatory.
FOr the last 2 months i decided to literally copy all his positions and do nothing else.
It's worked so far - made a nice few thousand.
That said - i'm fully aware that 2 months isn't nearly enough of a time span to draw any conclusions.
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