Michael Parness "Rule the Freakin Markets"????

Has anyone had any experience/success/failure with Michael Parness and his www.trendfund.com trading system? I was recently turned on to him by a friend who "claims" to be doing well following his trading teachings. I've also been reading his book "Rule the Freakin Markets". If nothing else, its entertaining. Anyone have any input?

MItch

Hi,

Would you buy a book about ocean sailing called "Rule The Freakin Weather!" Would you believe it could be possible?

My point is, nobody rules the markets. The markets are as big a natural force as the weather.

Best,

- Boyd

dno
> Hi,

> Would you buy a book about ocean sailing
> called "Rule The Freakin Weather!"
> Would you believe it could be possible?

> My point is, nobody rules the markets. The
> markets are as big a natural force as the
> weather.

> Best,

> - Boyd

If someone genuinely HAD the world's greatest method, everyone would be using it. The most successful investors are almost household names: Warren Buffet and Tom and David Gardner (Motley Fool) and their methods are very well known and successful -- but none of them would claim anything as silly as ruling the markets.


The Five Minute Mentor

Hi Boyd -

As any successful investor knows, the direction of the market (up or down) governs one's decision-making, not the other way around.

Putting ego and opinions aside, you should stand in awe of the markets, and always make the necessary adjustments to be correctly aligned with the trend.

In the investment jungle, timing and strategy are the redwoods; everything else is a bonsai.

Robert M. Campbell
www.RealEstateTiming.com




Timing the Real Estate Market: Your Profits Depend on It.

Hi Mitch,

I signed up for Michael's (aka "Waxie")Trendfund daily stock trading chat room service a few months ago and I have done well. Right now Waxie is away from the room and making a movie about his life, but his assistant, Tiny, is in charge and is making the same great calls for trades.

From time to time, I have seen them offer a two week free trial... so you can check it out and see what you think.

What I really appreciate are the ongoing classes that are included in the monthly fee...in the evenings, on weekends, etc. The team at Trendfund wants you to learn to be a better trader so they teach all kinds of strategies like 'fading the gap', for instance. And Tiny posts charts throughout the day to explain what is going on with a stock or index. Tiny also keeps an eye on all the market internals and can spot a change in trend quickly enough to help us all profit from it.

Anyway,I wanted to relay that Trendfund has been a really good membership trading room for me, and if you can get a free trial to personally evaluate, then go for it!

Cheers!
Amber

> Has anyone had any
> experience/success/failure with Michael
> Parness and his www.trendfund.com trading
> system? I was recently turned on to him by a
> friend who "claims" to be doing
> well following his trading teachings. I've
> also been reading his book "Rule the
> Freakin Markets". If nothing else, its
> entertaining. Anyone have any input?

> MItch

Hi,

Waxie doubled his $150,000 account with his winnings, this after living homeless for years on the streets of New York.

Have any of his students doubled their accounts?

Best,

- Boyd

Hi Boyd,

In the chat room, traders can post their trades and size as they enter and exit, if they wish. I have seen many of the traders make several thousand dollars a day...but I do not know the size of the portfolio that they are trading with...and if or how long it takes them to double it. I have heard comments in afterhours chat(the room is open 24/7)where traders 'brag' about their increase...but there is no proof, of course.

In the chat room, very few traders actually chat while the vast majority of traders just lurk...several hundred are in the chat room during the trading day...so it would get a little 'wild' if most of them joined the chat. I have no idea how successful the 'silent majority' are in their trades...but the membership seems to keep growing so I guess that most people are satisfied with what they are getting in return for their membership fee. I am.

But again, if you can get a free trial, that is the best way to determine the value of trendfund for yourself. That is long enough to give you more than a glimpse into the daily action.

In this bear market, most of the trades in recent months have been shorts (or option puts)...and that has led to some very nice profits.

There is some debate as to whether or not we got a key reversal yesterday...if we take out the next resistance levels, we may be in for a multi-week rally...but I am a bit leery that just as the shorts all cover and all the 'seasonal' players get back in, that we may get one more low which will become our trading low for the year. So I am hesitant to throw much money at this rally from here. EXPE is up about $10.00 over it's yesterday's low. Wow.... A few call option contracts on that one would have returned a very large profit within 24 hours...but that was the 'cream'...the rest of the upswing may not be as lucrative. Or it may last through elections and the rest of the year...so I am trading it long, but watching closely. I prefer to swing trade, but may try to go flat at the end of each day just in case we wake up to hear of some event that opens the market much lower. But that's just me....

Well, this is just my opinion and there may be others who for one reason or another cannot follow along well or manage their trade and who might hesitate to cut their losses when a trade moves against them...experience some losses and not be happy. They do give some guidance on exits and often recommend that you take half of your profits off the table which often lets you stay in the trade risk free, but you are expected to use stops or otherwise be disciplined enough to curb your losses...so you will preserve your trading capital and live to trade another day.

There is always a new play...and not all of them are winners. So there is some responsibility on the part of the trader to follow the guidelines and to further their education via the ongoing training which is included in the monthly fee. They are not going to hold your hand, but will answer your questions privately and promptly in a pc, as well, during the trading day.

But the bottom line is whether or not it would work for you. And only you could answer that after taking advantage of a risk free trial. All I can speak to is my own satisfaction.

There may be a lot of other trading rooms out there that are just as good...but I haven't discovered them yet. I'm a happy camper for now.

Cheers!
Amber

> Hi,

> Waxie doubled his $150,000 account with his
> winnings, this after living homeless for
> years on the streets of New York.

> Have any of his students doubled their
> accounts?

> Best,

> - Boyd