I'm a newbie trader & have joined JFLennon's Mastermind Mastery course & here's my personal take:
Dato Jimmy Wong: For anyone doubting his credibility, he will prove it by showing you many certs & awards he won & his trading statements (which are all legit). Sure, i do not agree with his arrogant attitude & tendencies to use vulgarities but these are personal flaws & have nothing to do with his skills as a trader. Ultimately, his trading results are impressive & i respect him for that.
Forex course he teaches: His company offers 2 courses -Mastermind Mastery (or Spring strategy) & Magnet Mastery. Both strategies are only applicable on the USD/JPY pair. Spring strategy has an average of 1-2 setups a week. Though the win rate is high (~70%), the risk to reward ratio is very low (~1:10). Within the spring strategy are 2 more potential trade setups which are less frequent but a higher risk to reward ratio (~1:1 & 3:1). After 1 year of backtesting (2017-18), the results of the Spring strategy is positive. However, the course fees for the spring strategy is S$6000 (without discount & after tax) so unless you have a huge capital to trade with , it will not be enough to cover the course fees.
The Magnet course is another S$4-5K (depending on discount) but you have to first complete the Mastermind course. The Magnet strategy has a higher risk to reward ratio but less frequent valid setups than the Spring strategy. I don't know the specific details of the Magnet strategy but seeing that the course fees are so high, i decided not to enroll for it.
If you're a new trader like me & are looking for courses to kick-start your journey, i recommend that you put aside paid courses & instead do your own learning first. There are plenty on the internet who offer advice & strategies for free. After you've gained more understanding & decide that trading is really for you, then go ahead if you decide to enroll in a paid course. But until then, don't.
i thought spring strategy is 25 pips profit , 100 stop loss thus 1:4 reward to risk ?
i think i heard around 80% win rate during seminar....
i read they often update students...
they did update u new profit target / stop loss as market evolve?
but since their strategy can back test all the way back to years ago, why do they even need update strategy ?
their strategy should work thru out isnt it ?
i heard can find quite a number of trades per week, how come u only can find 1 to 2 setup a week?
assume this is the latest update....
if i can find 100 trades a month , win rate 80% , ....
win 80 trades x 25 pips = 2000 pips
lose 20 trades x 100 pips = 2000 pips
so how do i even profit with 0 net ????
u learned from them 70% win rate & 1:10 reward to risk, isnt it worse ? how do u profit then ?
thnxx for sharing any...
by the way, have u attended JWT ?
i think its ard 55% win rate & 1:1 risk reward right ? sound very hard to profit as well.....
if we unlucky and trade most of the bad trade most like a breakeven or loss .... unless there is a robot trade 24/7 becuz win 55 , lose 45 almost can earn bit by bit ....
I'm a newbie trader & have joined JFLennon's Mastermind Mastery course & here's my personal take: Dato Jimmy Wong: For anyone doubting his credibility, he will prove it by showing you many certs & awards he won & his trading statements (which are all legit). Sure, i do not agree with his arrogant attitude & tendencies to use vulgarities but these are personal flaws & have nothing to do with his skills as a trader. Ultimately, his trading results are impressive & i respect him for that. Forex course he teaches: His company offers 2 courses -Mastermind...
