he is not allowed to put his individual stock positions on his site, he obviously is allowed to put index future positions on it. listen man, im not taking advice from someone who lost everything. bye bye
Limerickboy - I have regular personal email contact with mark shipman.he is not allowed to put his individual stock positions on his site, he obviously is allowed to put index future positions on it. listen man, im not taking advice from someone who lost everything. bye bye
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.
However - due to my profits made i'm thinking i'll give the guy back some of it !!
That's correct - nor does he claim to be !this guy is no help when in a market like this i.e. no real trend and high volatility.
Yes - I found his course very good.Hi Qwerty,
Was the Shipman course in March any good??
Did anyone else attend one of his courses and if so were they worth it??
Well ya - I suppose a certain grey area is what is the difference between a trader and an investor.Thanks for that Qwerty,
I have Shipmans book and am currently reading it, and have read the full discussion here which is excellent in fairness.
A few points strike me though:
1. Define your (one's) role: Are you an investor or a trader?
2. Look at other's role and pick out models in your mode i.e. investor models rather than trader models
3. Observe best practice, take a view, from this spot sectors and areas you'd like to invest in, maybe do tech analysis to pick entry (still not sure about this) and hang on until you have realised your view or otherwise (and pick exit based on tech analysis?? -maybe not sure on this either)
For instance, I am an investor not a speculator or trader. While I realise all investors are really just long speculators there are significant differences- one invests based on some fundamentals (or at least a view thereof) while the other is really just playing pure sentiment, which to be honest I don't understand, and even if I did, I would be 24hours out of date as I read newspapers that report on yesterday not today!!
So as an investor right now, say I like Eastern Europe, say I like wind energy, say I like China (but I don't understand enough about markets there) and say I'm begining to like US consumer based companies (e.g. food, etc). So I want to take long positions in some of these and hang on till I think my outlook for these areas has been someway realised.
So what does this have to do with Shipman and Buffet??
It strikes me that Shipman is a speculating trader (via spreadbetting), while Buffet is an investor. So for me, I'm gonna follow people like Buffets way (excuse the pun), and just read Shipman to get another type of animals view of the market, and to try to understand some of the other forces at play in the market I am using as my investment vehicle. Am I right or am I really right- what do you think??
And hence, my real question is, even as an investor should you use some form of technical analysis to time when exactly you get into a market and when out?? e.g. If I want to buy a US Food Company ETF this year, as I think it may be a nice 3-5 year bet, should I try to use some form of tech analysis to pick the exact month,week, day and hour(?) to enter as an investor, so that I maximise potential gains and get in on some sort of momentum push or at a theoretical value price???