Product Name: Turnaround Trader
Author: Guy Cohen
Company Name & Contact Details:
Sold on behalf of FlagTrader.com by Agora Lifestyles Limited
‘When You Get a Letter Like This You’ve Just GOT to Sit up and Take Notice!’ A few weeks ago this letter arrived at my office. I was a bit angry when I read it but I print it here exactly as received (although I have blacked out the swear words!
Money Back Guarantee: 30 days
What Do You Get?
– Access to members area
– 13+ Bonuses which will be sent every few days via the website
– Complimentary videos on the website (with more details, and shows you how to trade with your spread-bet account or broker).
Turnaround Trader by Guy Cohen focuses on stock market trading. The system teaches you how to spot the signals that indicate a particular stocks’ trend is about to turn so that you can place your bet and profit from this reversal.
Recently Guy Cohen was challenged by a member to produce an inexpensive trading course that could return the user around £2000 a month.
With so many high priced courses failing to deliver, it was quite a challenge. Especially when part of the challenge was that it should be suitable for novices and with no large time commitments.
Here’s what I found when I took a look at Turnaround Trader.
When you get your package, you’ll find a manual which is just 60 pages long and on first glance I was underwhelmed.
Although this course is cheaper than many others, I was expecting to swamped with material. But this actually worked in my favour, it enabled me to get fully into the course in about two hours.
You see, Guy just focuses on what I must know right now and teaches that material. So I got straight into it.
I don’t pretend to be a trading expert but I picked this up with ease and I think a novice would be fine trying this course.
In addition to the manual you get Guy’s TradeFinder software, this cuts out the research and it’s a good simple addition, so you can trade quicker.
This software makes things a whole lot easier. And normally when I hear the word software I go a little cold with fear of technology. But this is pretty much a drop down menu and a series of tick buttons that filters
your potential trades.
The whole idea about Turnaround Trader is obviously in the name. Guy teaches you how to find stocks that are trading in one direction and are about to change.
So a share that is in freefall could in theory be ripe to turnaround and boom and you can easily spread bet the direction for potential profit.
Guy focuses only on the biggest shares, the largest companies which actually show this type of trend less often. As you know big companies are settled and don’t chop and change direction too often. So this means you get less signals, but those you do get should be far more accurate in the long run.
This is done with basic technical analysis, no worrying about the news or any of the fundamental things which can influence share prices.
I personally prefer this route, because if you focus on too many things at once then I often find it hard to make a trading decision. This course is aimed at trying to cut your decision making down to a minimum.
The key to this course is something called Doji bars. No, this isn’t some health food snack but a technical term, which basically means that the open and close of a trading bar are similar.
But you don’t have to worry about that. Really a Doji is known to be the key point of a market changing direction. It’s pretty straight forward and quite simply you are looking for Doji formations for your trigger to enter a trade.
And if you think this sounds hard, it’s not, you see Guy made a clever move. His TradeFinder software actually highlights all the shares which are showing a Doji forming. So there is very little work for you.
There are two main strategies to follow. The first is looking for a potential reversal from a Doji low. So spotting shares which could bounce back and make profits.
With this one you are looking to make some money quickly and reducing the risk as soon as possible.
Guy shows a good example of how trading £2 a point you could have returned £254 inside a day with the first strategy. Then by running the strategy a little further you could have returned £4,819 over just 21 days.
The second strategy is pretty much like the first but it takes you into the trade when it looks a little more certain, and it gets you out later, when it looks like market is turning again.
So with the second strategy you have potential to make much more because you are running your profits rather than taking cash off the table.
Using the same example, Guy shows how this second strategy would have returned you a massive £9,706 over the same 21 day period.
That’s from just one initial trade set up. Of course, you will have some losers with both strategies. However, Guy shows good use of money management and how you can protect your trades with clear stop loses.
So I certainly think it’s possible to make £2000-£3000 a month like Guy suggests and the examples in the guide certainly prove this. But you have to know those figures are based on people with larger trading banks.
Those with around £1000 starting pot I’d expect to be aiming for smaller wins but still making few hundred pounds extra a month.
This is perfect for those people who just want to look at a trading strategy each evening for just a few minutes. Starting out it will take you up to an hour to work through the strategy.
However, with a bit of practice I think you can cut this time down quite considerably so it’s something you do perhaps do before bed.
I’ve had a few questions over the weekend and I’m happy to answer them. If you too have a query, drop me a line and I’ll do a full Q & A session later this week.
For now I like the potential behind Turnaround Trader, because it is a proper trading tool and in theory makes good logical sense. It’s certainly something I want to test out more and I know that Guy’s courses usually deliver good results.
You can get a 30 day trial and Guy is always excellent with guarantees.
Another thing I haven’t touched on yet is the bonus items that Guy includes with this offer. Unlike other people the bonus items you get are not fluff and filler.
The bonus material is tailored so that you progress and take the next step after each bonus item is delivered, you don’t get everything at once, so no danger of getting overwhelmed. Overall you get about an extra dozen items given to you for free, and with a value close to £2,000.
This is excellent, I’m only just into the course and the bonus items are starting to come along but I can see this being very beneficial and it’ll enable you to learn as you go and become more successful.
Turnaround Trader – Recommended
Turnaround Trader – New Review – 2015
We have been asked to conduct a new trial of this service by several members who have expressed an interest in the product. So, I got one of our expert trading reviewers to take a look – here’s his new review…
What Do You Get?
You get various items with this product:-
(1) A 58 page manual forms the main part of the system. This is made available immediately by a downloadable pdf that is also sent in the post as a hard copy.
(2) You get access to the “Inner Circle” on their website. This contains a large collection of video tutorials and runs the “selection tool” that identifies and notifies the trading opportunities. This site also hosts a number of videos with “bonus” information that is drip-fed to the user on a timed basis over the first 30 days.
(3) You have email access to the owners for additional advice.
(4) There is an opportunity to join the Twitter Feed to receive occasional urgent information.
After joining you receive a welcome email with full details of all of this.
What Is It All About?
This is a course with one main aim – to identify stocks that are poised to reverse direction by recognising various signs and signals which indicate that trends are likely to change for the opposite. You then place either an Up or Down trade on the stock to stop at a pre-defined target.
The author states “I don’t want you to see this as just a manual on trading; my passion is to help you to achieve what I have achieved – financial freedom and enough money to enjoy the good life. To that end I want you to see this as a gateway into the exciting and lucrative world of trading.”
The system concentrates on spread-betting opportunities in the American “S&P 500” share market and other U.S. shares. It sets out to identify turning points in the market – points where a particular share will stop rising/falling and move in the opposite direction. At this point you place a spread bet on this predicted move and use their strategies to secure your profit and place Stops to keep any possible losses to manageable levels.
Each day the software (accessed only within the website) produces a list of suitable shares that may be good trades and there are two different methods of choosing these opportunities; both use the Doji as the trigger for these.
The search is usually available before 12 noon each day although the timing does vary. It must be stressed that it does not simply give you a list of trades to blindly follow.
You need to work out for yourself which of the “tips” are the ones to pursue and the course spends time to educate you towards making these decisions.
This means that all users will not necessarily be making identical trades although I suspect that there will be much similarity most of the time. The system provides various strategies for staking and managing the trades and it is this that I believe will create variety in practice and which will therefore produce different results.
The website generates several very helpful charts for a chosen share with links to other sites for current prices. They also provide additional resources in the form of videos that are released on a drip-feed basis at a rate of one every few days. These are designed to enhance your understanding and to provide additional tools and charts. There are 12 of these spread out over 33 days.
Once you’ve studied the manual several times it should be possible to identify these opportunities without using the website so that should make it possible to apply the theory to other markets. The website does, however, remove the hours of work needed to search for these.
Do I Need Experience To Make This Work?
Not necessarily. Obviously some knowledge of shares and trading will help but the manual and videos explain everything carefully and I think that the complete novice will be able to get to grips with this although I must stress that they will have to work at it as this is not a “10 minute magic formula”.
I came to this with some experience so it’s hard for me to be certain of this. One thing is certain – with application you will acquire knowledge.
How Much Money Do I Need To Get Started?
There is no “advised” bank in the course material. Early indications are that you should budget for a betting bank of at least 1,000 points as you will to satisfy the online bookie’s liquidity rules.
How Much Money Can I Make?
The advertising claims “£3,000 per month”. This will not be realistic for everyone as it depends on your staking. If you use £1 per point stakes then I don’t see you making this amount. It is all about Risk & Reward.
How Much Time Will I Need To Make This Work?
You will probably need an average of around 30-45 minutes per day. It should be noted that the U.S stock market operates between 2.30 pm and 9 pm our time so this does not involve getting to your computer before 8 am every day. I’m sure this will please some people, but may also make it harder for others to follow this if they are unavailable at those times of the day.
My process is to log on to the website in the morning (the website generates the “tips” by mid morning); analyse the data to select any bets during the morning and place my
trades any time before the U.S stock market opens.
Once set the bets can be left unattended for the rest of the day. You then need to check on them and make any adjustments before the next afternoon. Trading only occurs Monday to Friday and in my experience so far there are 1 to 2 trades per day.
Will I Need Any Equipment To Do This?
No specialised equipment is needed. You do need two things :-
(1) A computer and a broadband connection.
(2) A suitable online trading account – they recommend IG Index and this is the one that I use myself.
Value For Money?
It’s still early days – I’ve only been testing this for a month.
Does It Live Up To The Claim In The Promotion?
Yes, so far.
Quality Of Customer Service:
This has not been tested yet.
Full Review – 15/05/2015
After the first four weeks of trading, I’m very impressed with the performance as there have been 30 trades clearly indicated with 28 winning bets and just two losers. Bets have lasted between 10 minutes and 5 trading days before hitting their target.
Some of the trading strategies involve taking half profits at the target mark and leaving the rest to roll, sometimes for many days, to take advantage of any big rise or fall. I adopted a short term strategy – terminating the full trade when it reached the prescribed target and I decided to use their “Railroad Tracks” system which I identified as the simplest to follow.
The profit so far is 1,577 points from 30 completed trades, averaging 53 pts profit per trade, and this is a terrific performance so far.
My only negative is that the website can be a bit “flaky” in operation – you need to check back regularly during the morning/early afternoon as the bets are indicated at different times of the day – on one day they were not shown until after trading had started!
Also the site is a bit confusing as it’s not always clear that it is actually working and doing the search – this could be improved upon I think.
On the plus side (apart from those impressive results), there are numerous “extras” provided in the form of training videos. These are drip-fed to you over the first 35 days and I am currently working my way through these and will provide comment in future updates to this review.
Still, overall it’s bee an excellent start. Can we keep this up? Well, let’s see how it develops over the coming weeks.
You can see a full breakdown of my results so far here:
Full Review after 13 weeks trading – 31/07/2015
I’ve now been trading the “Railroad Track” System for 13 weeks so it’s time for a detailed update on performance.
It didn’t keep up it’s impressive start but still ended with a Level Stakes profit of 1,793 points, which averages at 137 points per week.
This is still a good performance, although it has to be noted that it made all it’s profit in the first five weeks and virtually stood still in the subsequent eight weeks.
First, let’s look at the results:
– 13 weeks trading
– 11 winning weeks
– 2 losing weeks
– 79 trades with 12 losers hitting the Stop (85% success rate)
– Average of 6 trades per week
– Level stakes profit = 1,793 pts – av. 137 pts per week
– £1,000 starting bank now stands at £4,137 using 0.1% stakes
– Longest trade lasted for 11 days
Hoe Does It Work?
You go online each morning to access the web-based software to filter the betting opportunities. The best time to do this seems to be around 11am, although any time before 2pm should work well.
The software highlights the stocks that exhibit clues which indicate that the price is about to turn in the opposite direction. This is a very straightforward process and just requires viewing the online charts and recording the High/Low/Open/Close figures in order to work out the details of the trade.
You will now have a list of stocks to trade and you have all the necessary information to place the trade – Up or Down, Entry Point, Profit Target, Exit Point and Stop Setting. The bet should be placed before 2.30 pm each day (I use IG Index) and can then be left to run.
There were many occasions when trades never started due to the entry point not being met; these were cancelled manually after one week and do not feature in my statistics. On many occasions the bets started and closed on the same day, some lasted for 2 or 3 days and on one occasion it went for 11 days before winning.
There were 79 trades, of which 12 were losers so it had a 85% success rate. This sounds good but when losers hit the Stop it was usually for over a 100 pts loss so you need the high strike rate to keep your head above water.
By increasing stakes at 0.1 % of a betting bank, a £1,000 bank grew to £4,137. It should be noted that all the profit was made during the first 5 weeks and in effect it stood still for the following 8 weeks.
The good news is that the website has now been improved to show a bar which indicates that a search is underway so that has rectified the slight problem identified earlier.
In order to live up to it’s claim to make £3,000 per month this would have needed stakes of £5 per point. This may be possible if it comes out of profits after several months of trading but initially it would be a big risk for many, as the Stops being used can result in an average of 146pts loss which would equate to £876 being lost on one trade.
It all depends on your betting bank but it appears that with several bets running simultaneously (I had a maximum of nine at one time) you would need a sizeable bank lodged with your bookie to maintain liquidity – with IG Index I would need at least 4,000 pts with them to cover potential bets in-play plus the required margin.
The “Extra Resources” are useful and interesting although they are not essential to working the system. Some of them are a way of promoting some of his other services.
It must be stressed that the comprehensive manual explains several strategies for using the website software and I’ve picked out what I consider to be the most straightforward and easy to operate. Undoubtedly everyone using this system will achieve different results from the various strategies as they depend on individual choice of targets for profit taking.
Some of the strategies involve much longer-term trades with partial profit taking, moving stops etc. I opted for simple scalping – set the target to 0.3% of the High-Low range and cashing out in full when it hit the limit.
The system does live up to it’s claim to educate. It is possible to pick up a lot of information from the manual and the videos, although I think that it would take up a huge amount of time if you wanted to find the bets yourself without using the software. It’s not impossible though.
Is It Worth Having?
Yes, I would recommend this as the profits are very acceptable, although I temper that with some caution.
You do need a fairly substantial betting bank to achieve decent returns as you will probably have occasions when there are many on-going trades. I’m disappointed that it didn’t continue at the same level as it performed in the first five weeks and I will be continuing to monitor this as I feel that I need to see another three months to ascertain whether my start was a “flash in the pan” or whether it is the last few weeks of stagnation that have been unusual.
It’s a sound system, based on some good logic and the resources are of good quality.
There is the usual advertising hype regarding possible income level,s which are not particularly realistic from a standing start. However, starting with a £1,000 starting bank, and using 0.1% increasing stakes, I would be showing a profit of £3,137 and would now be using stakes of 3.9 pts which could generate up to £534 per week as an average at £1 per point. Not too shabby!
At the price of £197 it’s not too expensive either compared to many other services and it’s market is different to the usual forex and could be a useful addition to someone’s trading portfolio. I can recommend it.
You can see a full breakdown of my results here:
Full Review – 23/10/2015
I’ve now been trading the “Railroad Track” System for 26 weeks so it’s time for a detailed update on performance.
I’m very impressed with the performance as there have been 163 trades clearly indicated with 146 winning bets and 17 losers.
Bets have lasted between 10 minutes and 5 trading days before hitting their target. Some of the trading strategies involve taking half profits at the target mark and leaving the rest to roll, sometimes for many days, to take advantage of any big rise or fall.
I adopted a short term strategy – terminating the full trade when it reached the prescribed target and I decided to use their “Railroad Tracks” system which I identified as the simplest to follow and so it proved.
This identifies “2 day hammer” and “2 day shooting star” dojis that show clear extremes in prices over at least 20 trading days and these are used to predict turning points for the share to move in the opposite direction.
It proved to be very specific in identifying bets and leaves little room for diversification. They recommended using targets of 38% of the price movement but I decided to err on the side of caution and used 30%.
The profit so far is 6,107 points from 163 completed trades, averaging 37 pts profit per trade, and this is a terrific performance. Good news is that the website has now been improved to show a bar which indicates that a search is underway so that has rectified the slight problem identified earlier.
There are numerous “extras” provided in the form of training videos. These are drip-fed to you over the first 35 days – these provide some good additional information to increase trading knowledge although they are also trying to encourage you to buy additional services.
First, the statistics :-
26 weeks trading
24 winning weeks
2 losing weeks
163 trades with 17 losers hitting the Stop (89% success rate)
Average of 6 trades per week
Level stakes profit = 6,107 pts – av. 234 pts per week
It is interesting to note that it made 1,577 pts profit in the first 4 weeks but then almost stood still for the next 10 weeks, making only a further 313 pts profit in that time. From week 15 it took off again to reach the 6,107 pts by week 26.
As you can see, there were 163 trades of which 17 were losers so it had a 89% success rate. This sounds very good but when losers hit the Stop it was usually for over a 100 pts loss (the worst loss was 246 pts) so you do need the high strike rate to keep your head above water.
In order to live up to it’s claim to make £3,000 per month this would have needed stakes of £3 per point.
This may be possible if it comes out of profits after several months of trading but initially it would be a big risk for many as the Stops being used can result in an average risk of 198 pts lost which would equate to £594 being lost on one trade.
It all depends on your betting bank but it appears that with several bets running simultaneously (I had a maximum of eleven at one time) you would need a sizeable bank lodged with your bookie to maintain liquidity – with IG Index I would need at least 2,500 pts with them to cover potential bets in-play plus the required margin.
This is important and is something that is usually totally ignored in the marketing materials. I guess that many people would want to start with a bank of £1,250 and 50p pts or £625 bank and 25p pts.
Is it worth having?
Yes, most definitely. I would certainly recommend this as the profits are clearly excellent although, as I said in my last update, I do temper that with some caution.
As I’ve said before you do need a fairly substantial betting bank to achieve decent returns as you will probably have occasions when there are many ongoing trades. But if you have this then you should go for it as it’s a sound system, based on some good logic and is is very straightforward to follow.
From accrued profits I have now reached the level of using £3 points so I am averaging around £3,000 per month profit.
Definitely recommended. I do think that this could be operated by most people with a bit of effort and I for one shall certainly be continuing with it !
You can see a full breakdown of my results here: