Dow Jones Never Loss Trade Review
I purchased Dow Jones Never Lose Trade program on the finish of last week and have gone by way of it several times and I believe I can give an honest and independent review of this trading method.
As continually I like to talk concerning the procedure offering website initial. The 1st think that strikes me could be the statement- “This is Guaranteed! There is certainly no solution to shed money!”. The internet site is full of keywords like “secret”, “exact buying and selling alorithm”, “wealthy Trading Elite” etc etc which can only aid pull folks in to wanting to try this buying and selling system. The use of these type of words definitely leads me to believe that the seller is really a better at marketing than at investing.
Karl Dittmann, as we have learnt prior to, is not the technique creators real name. The internet site and technique hides behind this sudonym and it’s clickbank affiliate sellers. Nevertheless, I created the concious effort to not buy it via an affiliate and as a result of the original source and lets just say the seller is more Russian than German or at minimum the name on email reciept is.
The web page contains all of the usual suspects of MT4 exchanging statements, “blanked-out” trades, testimonials, free bonus ebooks or EA’s and also the all critical ” 60 Day Cash Back Guarantee” (which I will come back to in due course). The price from the method came to just more than £73…the advertised priced doesn’t seem to include tax charged when the order is processed.
As, usually with these reviews, I am interested in whether the method is as described. The ’system’ comes in the form of a 16 page (at time of writing this article) document. The earliest 4 pages are taken up by explaining a tiny history and background for the “Dow Jones”. 1 point to note is at minimum we know which market this technique, unlike secret stock index trade, trades on on the time of buying it.
Then we get in towards the ‘meat’ with the program and my heart sinks. Pretty significantly immediately you possibly can tell it is nothing at all new, next to nothing awesome, absolutely nothing like you’ll hope. We then get a small education on how to pull the specific lines required to trade this procedure.
Once more practically nothing you couldn’t have picked up in any trading book. The program even comes with an illegal download of John Murphy’s Technical Analysis On the Financial Markets. But failing that it is possible to find the way to draw these types of lines in any technical analysis book or web page. It is as ’starter level’ as they come.
And we also a get a fast reminder. “The program has proven itself; millions of dollars have been earned. Now it is possible to do it too!”….I’m still not convinced. But surely the statement “there is no way to lose” ought to ease my concerns? Effectively it didn’t.
The trouble is that there is always a method to shed in investing. That could be the character in the beast. This is a game where we exchange cash for chance? If there wasn’t any chance everybody would be doing it….and winning.
A handful of charts of sucessful trades are then shown, which I don’t have an concern with in general but a single of them completely highlights the reality that this really is a discretionary investing program. Two traders will not draw the same lines as every other.
I am also drawn to a possible lack of knowledge on the author when he says “Do not trade on the side (corrections) trends”. This sort of fits in with an early assertion about acquiring only in up trends (which I can not disagree with) but it fails to note that the exchanging program is really depending on attempting to catch the finish of corrections with in a trend.
On a very good note there is certainly a set stop amount alternatively, the target cost occurs inside a discretionary range. This implies in case you use the lower with the variety it is possible to afford 2 losses per winner to breakeven, but if you ever use the upper variety you possibly can afford 4.
That is certainly a massive difference that could make one particular trader a winner and 1 a loser. It also makes it extremely hard to back test. You’ll be able to not back test a technique if every trade your are wondeing why you’ll have closed they trade and at what price level.
Following a handful of extra recent example charts the Pdf ends.
Having looked more than a few historical charts I can rapidly see the problem comes in deciding how you pull a line. This will ultimately decide if an individual trade is usually a winner of loser along while using choice on when to close the trade.
About the plus side, should you have target price twice the size on the quit benefit you only need to have a 33% strike to break even. But any procedure with such a chance to reward would . Nevertheless, given the selective character of the trading decisions and trade frequency it are going to be a lengthy time before you’re generating “millions” from such a investing program. Infact I would anticipate you would will need a £20-50k dealing pot to truly make it worth while.
On the finish in the day this program is based on text book specialized analysis that may be trend following. I can’t assist but feel cheated somewhat. I certailnly really feel extra cheated than when I reviewed Karl Dittmann’s Secret Stock Index Trade.