STOP! Before we go any further I have a few confessions to make…
I am not a ‘trusted’, well known figure that has been a part of the fabric of Wall St for the last 47 years like Bernie Madoff… was.
I have not got an MBA and have never received a Nobel Prize in Economic Sciences or co-founded a hedge fund like Myron Scholes who helped found LTCM (Liquidated in 1998 after losing $4.6 billion).
Nor have I ever worked for a big successful financial services firm like Lehman Brothers or Bear Stearns… were.
However I have been described as ‘ill educated‘ because I never went to university. Hey, to be honest – I am a Nobody from Nowhere (New Zealand actually)! So what the heck qualifies me to talk about the stock market with anyone? Results…
The stock market was not always been a place of profit from me though, many mistakes were made and much money was lost before I learnt how to make money. Read the long painfull story – (BooHoo)
Now I want to help you avoid the mistakes I had to make along the road and ETF HQ is my opportunity to do that. Are there any topics that you would like me to cover? What is your single biggest question about ETFs, investing or trading? Just leave your questions in the comments section.
To your profits
Derry and the Team at ETF HQ.
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Leave A Reply (3 comments So Far)
dougclews
764 days ago
Hi Derry
Please contact me if your Dad was Desmond Brown, born in Portsmouth in 1927
I am Doug Clews and your Dad MAY have been an evacuee with us before leaving us to go to Singapore !!!
Please contact me on deeceeau@gmail.com
Many thanks !!! …
Greg Charles
273 days ago
Nice personal summary Derry – you are looking at the market without the biased eyes of a Wall Street ‘professional’. You have no agendas – you just let the math do the talking and (minimize) the emotion (we are human after all).
I have been using oscillators to alert me when to ‘turn on/off’ the use of leveraged ETFs for SWING trading. The media dismisses leverage for DAY traders but I’ve used these quite successfully when market conditions allow (i.e. strong trending). I’m new to your site and haven’t looked around a lot – please comment on the positive use of leveraged ETFs (2x, 3x etc) for scenarios other than day trades – Thanks, Greg Charles
Derry Brown
270 days ago
Thanks for your kind words Greg! Using probability to exclude emotion is certainly the goal. It has served me well of late as the results show (http://bit.ly/bLTbAH)
I think that leveraged ETFs can be a good tool for the right strategies outside of day trading. Although they are not particularly suitable for most long term strategies due to the “Constant Leverage Trap”. Also in a volatile crab market they can be the death of you. Persionally I prefer to use margin and wouldn’t use 3x leverage (too rich for my blood).
Cheers
Derry