He received an excellent review. Its been two years and many individuals have requested an update. Not much has changed. In fact, Kevin Davey continues to produce stellar trading results. If you have ever wanted to take a sneak peak at the inner working of a professional retail trader, that consistently earns an enviable income, this is your chance. A little over two years ago, TradingSchools. Today, we are going to update that review. In addition, we are going to be taking a closer look at a couple of things:.
During the month of February , Kevin Davey reached out to me directly. And a reveal of the type of income that Kevin Davey earns each year. He is not flashy. You will not find Kevin taking a limousine to the Opera. No yachts, or private jets. No boasting of owning a private spaceship true story. He works from a small, unadorned desk. Which contains only an old laptop computer, a pad of paper, and an old wooden chair.
A very old wooden chair. There is nothing shiny, slippery, or flashy about Kevin Davey. The dangling of shiny objects is nothing more than a piece of bait, a lure, the Sirens song. All meant to draw the victim closer to the con-artist, where the victim willingly sacrifices himself upon the altar of a false profit.
The end is predictable, the meager ark in which so many place their hopes and dreams of a better life, are smashed upon the cold hard reef of market realities. All the while, the false profit continues to proclaim their riches and success, the victim of the fraud is left penniless and in despair. So many people repeat this cycle. Always looking for the next financial guru, with even more shiny objects than the previous financial guru. Stuck in a cycle of financial misery and despair.
The answer is clear and obvious. Flawed market assumptions are passed from teacher to student like venereal warts spread through a Bangkok whorehouse. The following and tax returns are authentic. How do I know? Because I sent the tax returns to my CPA, and we verified that they are authentic. Because in the past two years, several trading educators have submitted fraudulently produced tax returns to TradingSchools.
Org, in an attempt to trick us into writing a positive review. We learned this lesson the hard way. Notice how I said futures contracts. This is important because some trading gurus will show tax returns with a massive income on page one of the tax return. We are concerned with none of the promotional income, we simply want to verify the actual trading income.
Many individuals reading this have not been through the subjective torture of filing United States income tax returns. Org writes a review, this is the type of stuff we like to see. That we can verify. Now, lets take a look a recent account statement from TradeStation. Org contacted TradeStation and verified the authenticity of the account statement.
Most people will take a quick glance at this account statement, and then quickly move to the very last page. They are only interested in the ending monthly income. The first thing that pops out to me is that Kevin Davey is not a big position trader. The overwhelming majority of trades are only single contract trades. So his leverage is very light. On a few occasions, he will take a larger position size of 2 contracts or rare 3 contracts. His largest position was 6 contracts in the year treasury note futures.
For the month of January , he traded an amazing 17 different products. This is just nuts, and I never would have expected this. What does this tell us? Quite simply, this screams hyper-selectivity. Kevin is not chasing any particular market. He is scanning ALL markets and taking only the juiciest and most attractive trades. Whom in the hell trades those markets? Only waiting for the statistical pattern to emerge, and then he pounces on the opportunity.
Pouncing might not be the best word to use, more like gingerly taking a tiny position. Most trades are opened and closed within the day. So he is not leaving himself open to overnight events, or pre-market crop or earnings reports. This is hugely important. My mind still cringes about the time I held an overnight position in wheat and it lock limited on me, for three straight days.
Wiped my account out. Another big reveal is the distribution of wins vs losses. This is a clear indication that Kevin is getting into a winning trade and letting it run as long as possible.
This indicates that his strategies are waiting for a potential trend day to emerge, where the market opens and closes at extremes. This is immensely helpful in our own research. This tells us that overtrading and shooting for small target profits are not the path to success. Who knew that analyzing a simple account statement would reveal so much?
My only wish is to have years of account statements from Kevin. Oh, the information that I could glean. But getting Kevin to release this much information took a Herculean effort. He certainly is not revealing so much for my benefit, he is doing it for the trading community as a whole.
Yes, Kevin is selling something. And no, I have no financial interest in the course whatsoever. Not an affiliate commission or anything at all I wish I did.
Kevin also sells a book. I consider this book to be pretty much the starting point for all aspiring professional traders. Read the book first. If what you read makes sense, then you should take the next step and start developing your own strategies. The book contains the path, the road map to take you where you need to go.
You just need to apply what you read. It really is as simple as that. If you cannot convert the material from the book into digestible and actionable trading ideas, then consider the course. But I would recommend you start with the book. Damn you, Kevin Davey. Trading is a zero-sum game. Your sneaky, devilish little schemes to enrich yourself at our expense. Unmercilessly draining our trading accounts, with little regard for the pain and frustration that you have subjected upon us all.
You are a little rat. Scurrilously sneaking out of your little hole. Stealing our sandwich and drinking our milkshake. Leaving only crumbs behind. We all have suffered at your tiny hands for far-too-long.
And now, to add insult to injury…we must buy your crappy little book and attend your seminar to potentially free ourselves from your persistent thievery. Or maybe, I should stop complaining and adapt my behavior. Like yourself, a mechanical engineer, that developed cutting edge efficiencies in various technologies. Maybe its time that many of us stop listening to the nonstop parade of financial charlatans.
Maybe if we all start approaching our trading with the seriousness that is required, and use a scientific approach, then perhaps many of us can escape the cycle of never-ending losses. And if you buy something from Kevin.More...