Online Trading Academy?

wiliulfo · 01-25-2019, 06:01 PM

I would like to get into day trading to possibly supplement to my income. That said, I've been to several presentations with the Online Trading Academy. They seem to have a good system for trading and training, but I was curious if anyone on this forum has had any experience with them or a similar program?

Im a complete noob when it comes to the stock market, but I'm also not convinced that their $25k program is worth it.

Id love to hear your thoughts!!

David0ff · 01-28-2019, 12:46 PM

Most trading academies are only interested in selling their "magic formula" and not on how profitable you will be.
I highly doubt their 25K programs is worth it.

You will come out of the programs drawing all kinds of trend lines, highlighting support and resistance levels, looking at Fibos, plotting pivot points and being able to identify chart patterns. Not worth 25K at all
Spend to time on YouTube to get exposed to it all and make up your mind based on a system which you will develop, back test and calibrate.
Every possible trader out there obsesses over trade entry signals, they often don't have a trade exit strategy, nor the money/risk management skills necessary to be and remain profitable.

The best advice I can give you ( yes I am a profitable trader),
-Understand & Master risk/money management
-Put together a system which gets you in most trends/trades
-Have an exit strategy

Believe it or not.. if you money/risk management skills are top notch you can flip a coin on trade entry and be profitable, just manage your losses, your wins and learn how to improve it all. Don't obsess too much about nailing the perfect trade entry, that is up to timing and luck... exiting the trade is where all the money is made/lost.

Dabozo · 01-28-2019, 12:55 PM

I too am a novice at trading and would like to learn how to better analyze company data, read charts etc so that i can make my own 'informed' trading decisions - not for day trading however...and therefore have been curious about Online Trading Academy as well...but had no idea about what they charge! I was thinking of going to one of their free sessions but maybe not now!

WestRace · 01-28-2019, 01:26 PM

What is the difference between trading and day trading? I've heard that most day traders usually end up going broke.

01-25-2019, 06:01 PM	#1
wiliulfo New Member 2 Rep 29 Posts Drives: 2003 Z4 3.0i Join Date: Feb 2017 Location: So Cal iTrader: (1)	Online Trading Academy? I would like to get into day trading to possibly supplement to my income. That said, I've been to several presentations with the Online Trading Academy. They seem to have a good system for trading and training, but I was curious if anyone on this forum has had any experience with them or a similar program? Im a complete noob when it comes to the stock market, but I'm also not convinced that their $25k program is worth it. Id love to hear your thoughts!!
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01-28-2019, 12:46 PM	#2
David0ff Combined Applications Group 1052 Rep 654 Posts Drives: Lada Scrapus Trofeo R Join Date: Jan 2014 Location: Classified iTrader: (1)	Most trading academies are only interested in selling their "magic formula" and not on how profitable you will be. I highly doubt their 25K programs is worth it. You will come out of the programs drawing all kinds of trend lines, highlighting support and resistance levels, looking at Fibos, plotting pivot points and being able to identify chart patterns. Not worth 25K at all Spend to time on YouTube to get exposed to it all and make up your mind based on a system which you will develop, back test and calibrate. Every possible trader out there obsesses over trade entry signals, they often don't have a trade exit strategy, nor the money/risk management skills necessary to be and remain profitable. The best advice I can give you ( yes I am a profitable trader), -Understand & Master risk/money management -Put together a system which gets you in most trends/trades -Have an exit strategy Believe it or not.. if you money/risk management skills are top notch you can flip a coin on trade entry and be profitable, just manage your losses, your wins and learn how to improve it all. Don't obsess too much about nailing the perfect trade entry, that is up to timing and luck... exiting the trade is where all the money is made/lost. __________________ /////////
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01-28-2019, 12:55 PM	#3
Dabozo Major 635 Rep 1,431 Posts Drives: 17 M2 BSM MT Join Date: Aug 2015 Location: Toronto iTrader: (0)	I too am a novice at trading and would like to learn how to better analyze company data, read charts etc so that i can make my own 'informed' trading decisions - not for day trading however...and therefore have been curious about Online Trading Academy as well...but had no idea about what they charge! I was thinking of going to one of their free sessions but maybe not now!
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01-28-2019, 01:26 PM	#4
WestRace Major 736 Rep 1,087 Posts Drives: E46 M3, E90 M3 Join Date: Jun 2007 Location: Los Angels, Ca. iTrader: (0)	What is the difference between trading and day trading? I've heard that most day traders usually end up going broke.
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