InformedTrades
Register as a Member
    Why join? See our testimonials.

Register Front Page See Today's Posts Site
Map
Free Trading
Courses
Shop
Front Page > Forum Central > InformedTrades Front Page Stories

 
Thread Tools Search this Thread Display Modes
Old 10-07-2011, 03:13 PM   #1 (permalink)
InformedTrades Founder
 
Simit Patel's Avatar
 
Join Date: Mar 2008
Location: informedtrades
Posts: 5,960

Thanks Stats
Thanks (Given): 758
Thanks (Received): 608

Daytrading Course - Shirley Hudson


Shirley Hudson, a trader who has earned 10,000+ pips in profits boasting a 93% win rate based on daytrading the London close session in the forex markets, is offering a 25% discount to her online course, pricing it at $177. Click here for all the details.

Shirley is part of the Forexmentor team -- check out the free course compiled for Forexmentor here on InformedTrades.

For other education sponsors part of the InformedTrades community, see our premium course listings.

For reviews elsewhere on the web, see the links below:

ForexPeaceArmy Reviews of Shirley Hudson and Forexmentor

__________________
My IT Blog | My Trading Bio | Google+
Simit Patel is online now   Reply With Quote
 
Thanks thanked for this post
Old 10-07-2011, 06:28 PM   #2 (permalink)
Community Co-Host
 
Tekmnd's Avatar
 
Join Date: Aug 2008
Location: San Diego
Posts: 4,588

Thanks Stats
Thanks (Given): 1
Thanks (Received): 390

From their website-

Quote:
You read it right! 93% accuracy since January of 2010
I am sorry, but I cannot even take this person seriously.
Do I need to point out that anyone with a 93% accuracy could easily compound their returns and surpass Carlos Slim as the richest person in the world in this period of time? 'We just don't increase our position size' does not change the ridiculous claims.

Cheers
Tek
__________________
Tekmnd is offline   Reply With Quote
 
Thanks , wolverine, Simit Patel thanked for this post
Old 10-07-2011, 06:32 PM   #3 (permalink)
Community Co-Host
 
Tekmnd's Avatar
 
Join Date: Aug 2008
Location: San Diego
Posts: 4,588

Thanks Stats
Thanks (Given): 1
Thanks (Received): 390

They even use a housewife looking person to make it seem like 'anyone can do it.'

Cheers
Tek
__________________
Tekmnd is offline   Reply With Quote
 
Thanks thanked for this post
Old 10-07-2011, 06:38 PM   #4 (permalink)
InformedTrades Founder
 
Simit Patel's Avatar
 
Join Date: Mar 2008
Location: informedtrades
Posts: 5,960

Thanks Stats
Thanks (Given): 758
Thanks (Received): 608

i think as a general rule of thumb, reward/risk and win rate are inversely correlated; if you want relatively huge winners, it's much tougher to have a high win rate. her reward/risk is 1.28 -- i'd consider that pretty low, so i consider it possible if she is skilled in exploiting this particular setup. as she is focused on a single specific daytrading opportunity (london close), i think it could work, although perhaps it will get priced out if it gets too popular and if the method is too formulaic. i havent tried the course in the method so i am not for or against it, though i consider it possible.
Simit Patel is online now   Reply With Quote
 
Thanks thanked for this post
Old 10-07-2011, 06:40 PM   #5 (permalink)
InformedTrades Founder
 
Simit Patel's Avatar
 
Join Date: Mar 2008
Location: informedtrades
Posts: 5,960

Thanks Stats
Thanks (Given): 758
Thanks (Received): 608

the rate at which compounding impacts net wealth is a function of risk/reward and time in addition to win rate.
Simit Patel is online now   Reply With Quote
 
Old 10-07-2011, 07:43 PM   #6 (permalink)
Community Co-Host
 
Tekmnd's Avatar
 
Join Date: Aug 2008
Location: San Diego
Posts: 4,588

Thanks Stats
Thanks (Given): 1
Thanks (Received): 390

Quote:
Her reward/risk is 1.28 -- i'd consider that pretty low, so i consider it possible if she is skilled in exploiting this particular setup


The rate at which compounding impacts net wealth is a function of risk/reward and time in addition to win rate.
Hmm. Let's think about that. Everytime she makes a win, she sinply increases her position size by the same percentage (basic compounding). Same risk every trade, yet the position size gets bigger as the account size grows.
Again, a risk/reward ratio of 1.28 with a 93% return.

So she takes a $10K account and places 100 trades risking $100 each trade (1% risk- very low). 93 of those trades she makes $128, yet 7 trades she loses $100.
Her account grows to $21,204.

She then places places 100 trades risking $200 each trade (less than 1% risk- very low). 93 of those trades she makes $256, yet 7 trades she loses $200. (1% risk- very low). She is then up to $43,612

She then places places 100 trades risking $400 each trade (Less that 1% risk- very low). 93 of those trades she makes $512, yet 7 trades she loses $400. She is then up to $88,428

Notice she is more than doubling her money every 100 trades. A little bit over 2000 trades, and she surpasses Carlos Slim as the richest person in the world, and that is at less than 1% risk. NO ONE GETS CONSISTANT 93% WIN RATE!
Math never lies- only people do

Cheers
Tek
__________________
Tekmnd is offline   Reply With Quote
 
Old 10-07-2011, 07:45 PM   #7 (permalink)
Community Co-Host
 
Tekmnd's Avatar
 
Join Date: Aug 2008
Location: San Diego
Posts: 4,588

Thanks Stats
Thanks (Given): 1
Thanks (Received): 390

Let me guess- the next comment will be something to the extend of "well, she only places X number of trades," which doesn't change the statistical probability one i-ota

Cheers
Tek
__________________
Tekmnd is offline   Reply With Quote
 
Old 10-07-2011, 07:49 PM   #8 (permalink)
InformedTrades Founder
 
Simit Patel's Avatar
 
Join Date: Mar 2008
Location: informedtrades
Posts: 5,960

Thanks Stats
Thanks (Given): 758
Thanks (Received): 608

right, it doesn't change the statistical probability, it does change the length of time, and assumes the win rate will last through this extended duration. perhaps it will being decay and yield lower returns over time. or, perhaps the rate at which it issues signals will change.

she has a statement posted which would allow for a deeper statistical analysis for those interested.
Simit Patel is online now   Reply With Quote
 
Old 10-08-2011, 03:35 AM   #9 (permalink)
 
Irish Dotmaster's Avatar
 
Join Date: May 2011
Posts: 64

Thanks Stats
Thanks (Given): 2
Thanks (Received): 8

I feel a little disappointed that Simit as Founder of IT is perhaps suggesting support for this system for sale.

It comes across to me as an affiliate progam link, be it or not, that in my view might damage IT standing and independence among its members.
Irish Dotmaster is offline   Reply With Quote
 
Old 10-08-2011, 07:04 AM   #10 (permalink)
 
forexer's Avatar
 
Join Date: Jan 2009
Location: Singapore
Posts: 3,194

Thanks Stats
Thanks (Given): 38
Thanks (Received): 242

why would someone so good want to teach the system and not trade by him/her self? if they wanna teach, they usually go for free.
forexer is offline   Reply With Quote
 
Reply
Reply
  




Tags
advertisement, london close, sales notice, shirley hudson

Help InformedTrades grow. Click +1 if you enjoyed this thread.

Register to Comment
Thread Tools Search this Thread
Search this Thread:

Advanced Site Search
Display Modes

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are Off



All times are GMT -5. The time now is 02:23 PM.


Creative Commons License

InformedTrades is dedicated to empowering traders with knowledge. Learn more about our mission statement, and our charity endeavors.

Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
Search Engine Optimization by vBSEO 3.3.2
vBulletin Optimisation by vB Optimise (Reduced on this page: MySQL 4.17%).
vBCommerce I v2.0.0 Gold ©2010, PixelFX Studios
vBCredits v1.4 Copyright ©2007 - 2008, PixelFX Studios