Nick
His youtube is good, his service is your nightmare
I've been a member of this service for about 8 months. During that period I lost money due to Gareth's approach of averaging down on losing positions and exiting winning positions very quickly. His winners usually are on 1-2% of his entire portfolio. I.e. when he claims he got 20% win on a coin, means his portfolio went up by just 0.2%. Put in perspective, if you have a $10k portfolio, you'd get only $20 profits hahahaha. However when he averages down, he allocates much larger percentage to the losers (6-12%). Every single investment book/course and every single successful investor and trader would tell you this is THE LOSING strategy. Never send good money after bad money. Basically this guy held LUNA for example until it went virtually to 0. Why? He never ever ever exits a bad trade with a stop loss. He exits it only if it turns around (can wait years for that). Watch his youtube - it's educational. Don't pay money for his course (it's basic stuff found literally everywhere online but he charges $6000 for it) or his services.
Response from Verified InvestingApr 19, 2024
Dear Nick, Thank you for sharing your viewpoints here. We can appreciate that you have some strong opinions regarding the best strategies for trading. However, it is important to understand that every experienced trader gradually arrives at their own unique approach. Gareth has been practicing real-world trading for over 2 decades already, and his track record during that time has been remarkably successful. The nuances of his methodology cannot possibly be explained in this brief post…but rest assured that they go far beyond “basic stuff found literally everywhere online.” No, you’re not going to see all of his concepts perfectly mirrored in a typical “investment book/course.” If you are a member of our service, then please reach out to our support staff. Let’s discuss all of this in detail so that we can answer any questions and move you forward in the best way possible. Sincerely, the Verified Investing team