Holidays!!!

Coming into xmas, time to reflect. Does the 1Wealth software actually work? Definitely. Has been a great year, i’m off on holidays till mid January...1Wealth has shown me how to set trail orders while i’m away so i don’t need to monitor anything. 

28.6%

Final return for October was 28.6%....not bad for a months work!

Best month yet...loving 1wealth right now.

Cracking month! Still not finished but expecting to see a final profit for the month close to 30%. Had two shares absolutely fly for me. Awesome.

Sitting tight

September was better than August, the program had me getting in and out of a lot of stocks, it was my most active month in terms of trading but only finished with a profit just over 15%. Have spoken to Andy about possibly tweaking my program settings but he says it’s best to sit tight, as long as we’re making money there is no reason to change anything. I sound a bit annoyed but realistically i’m still stoked with the results, it’s doing well and is making a lot more than i ever made going it alone.

Decent return but hungry for more

August was pretty quiet. Made about 8% in the end, which 6 months ago would have seen me jumping for joy but compared to the last few months it’s below what I have started to expect. Hopefully September will be a big one.

Not much happening

A pretty non eventful month so far. The market itself is pretty solid but the program hasn’t shown a lot of movement surprisingly. 

Short term v long term

Running with a full portfolio and has been a good move, picked up some nice profits at the beginning of last week, have made about 6k profit since starting. Starting to change my attitude towards investing. I always saw short term trading as riskier than long term.  Andy B, my go to guy at 1Wealth has been telling me if short term trading is done right than it is safer than long term investing. He feels there is more risk of volatility but in terms of finding winners, it’s easier to predict the movement of a stock next week then in 12 months time. I can see his point. It sought of applies when you’re running something like the 1Wealth software, but I don’t think an average joe would be able to do the necessary number crunching to cover themselves against the short term price fluctuations.

Topping up the account

Have cashed in 7k i had in a long term deposit. Was still a few months off maturing but did the sums and the few hundred dollars i lose on penalties i should make back easily by trading. Just want to get to the full ten stocks to see what this software is capable of. It’s a very different way of trading for me. I used to research one stock and then buy in once i felt it was a good chance of going up over the next 12 months, the most i held was 3 or 4 stocks. Now it’s very day to day, I like that my stocks are being closely monitored everyday. 

One month with 1Wealth

Tomorrow will be the one month anniversary of my first trade using the 1Wealth software. Looking back it has been a fun month. Have only been operating with 5 shares which is half the amount that 1wealth recommends but have still turned a tidy profit. Up about 14% after factoring in brokerage fees. Been pretty easy going, happy with my purchase so far but still need more time before i make my mind up once and for all.

Getting into the swing

First buy and sell went through smoothly. Back to 5 stocks and thankfully the one stock that was down has recovered and is now up 8%. Asked Andrew if I should cash out but he says wait for the program alerts before doing anything.  Will hold tight.

Milestone moment, first profit!

First profit alert today. Up 11% on one stock, not bad for four days. 2 others are slightly up, 1 is the same and 1 is about 2% down. Overall ahead. Sold my winner and will buy into whatever the program rates as the best option.

Steady...

Steady, no real change.

Stuck with the 1wealth default settings

Have decided to start with 5k. Have spread it evenly over 5 shares. Have kept all trading parameters at the recommended settings provided by 1Wealth. Andrew swears by them, have no idea so will go with the flow.

New trading account good to go

Commsec paperwork arrived and I went into bank to ID myself, all sorted, ready to start trading. Have spent the last week doing some paper trades. I’m not getting too ahead of myself but all four paper trades are up so that’s a good sign.

1Wealth service was good, ready to roll

Just got off the phone to 1Wealth. Took about twenty minutes to get fully setup, spoke to Andrew from Customer Support and i’m feeling more confident already. Nice guy, knows his stuff and explained in a bit more detail the strategy we will be using moving forward. He has suggested switching brokers, i’m currently paying $25 per trade with NAB, he has put me onto commsec which will be $14.95 per trade. Small saving but it all adds up.

The 1Wealth journey begins...

Today is the first day of the journey. It’s Wednesday the 20^th of April and the 1Wealth package has just arrived in the post. As promised it was delivered the next day, it has the all important software,  a welcome letter from the customer support team and instructions for getting started which are basically, stick the disc in and call us for a code.  

Does 1Wealth stock market software really work?

I have just spoken with 1Wealth in Sydney and have decided to give their stock market trading software a go. I have been trading the stock market casually for about 5 years but I want to get more serious and start generating an income from shares. 1Wealth seem to think that just about anyone can follow their software and make good money from trading shares. It sounds like a bold statement, but they were recommended by a close friend so I figure it’s worth a shot....Nothing ventured, nothing gained.

 If they really can help people make money from the stock market with zero experience than it is an impressive feat. I already have a little knowledge acquired over the last 5 years, mostly self taught. I read books and magazines, watch news channels and follow trading blogs and online commentators. It has been interesting and overall profitable. The returns 1Wealth are promising are much better, so hopefully they will deliver. I’ve decided to keep a timeline of my experience, just like I have used blogs to learn, hopefully it will serve as a guide to any other traders who plan on making the shift from part time investor to serious trader.