superstockpicker.com
Super Stock Picker.com - Get 13 years of wisdom in long trading for free
Welcome back!
This interview features Christophe Leconte of SuperStockPicker.com. Christophe is no newbie when it comes to long trading strategies, with over 13 years of hands on experience. He was drawn into the world of trading through his passion of economics and went onto gain a vast amount of knowledge in the stock markets of Paris, Brussells, Toronto and the US Exchanges.
SuperStockPicker.com has been running for 4 years now and during this time Christophe has also worked on other trading systems and other types of investing such as options.
Christophe claims his biggest success and sense of acheivement is indeed his FREE service at SuperStockPicker.com where he has many visitors who enjoy learning directly from his advice that he posts regularly at the site…
Question: You’ve truly established yourself as an expert in stock trading on a global level, but there are probably many people on the call listening in thinking “Sure, that’s all well and good but how can a somebody like me get a break into this stuff and isn’t it a dangerous time to be getting involved in stock trading with all this recession talk?”, what would you say or what advice would you give to those people?
If people are playing the long side only, my current advice is to stay CASH. We are obviously is a very strong down trend and there’s no sign yet of any strong bottom or a recovery. Don’t buy now just because it is cheap. What is cheap in the stock market can get a lot cheaper.
Then, particularly when the market is crashing it is very important not to trade emotionally. I think that is the golden advice from seasoned traders: “Never trade with emotions”. The best way to achieve that is to follow a proven method and to apply it without second guessing it.
Question: What made you decide to get into trading originally?
I came to trading by passion. And then, after gaining some experience and making my share of mistakes, I found that I would need a hard coded system to prove if my ideas were valuable ones or not. This has lead to the creation of Super Stock Picker, the website on which the results of my trading system are exposed for free.
Question: And at that time, what would you say were your biggest challenges or things that worried you the most about your situation?
I was the most worried when I was not following a system yet. At that time, I was still wondering if my next trade would be a good or a bad one. The problem was to be able to repeat the good picks and avoid bad choices.
As long as you have not defined your strategy yet, you could be looking for a new technique everyday. They are so many available. Each time you find a new one, you have to wonder if it can work, if you are able to apply it properly. Even if they are good trading strategies, your first tries can show poor results, but it does not mean that it is not working over the long term.
I think that could lead you to one of the worst thing to do in trading, i.e. continuously changing your trading strategy.
Question: What are the biggest mistakes you see people making when trying to trade or invest in stocks?
First, they come to the market with the wrong mindset. You’re not trying to buy a car and your focus is on getting it cheap. You are looking for an asset that will take value over time. It does not need to be cheap to generate profits.
The same way, people tend to try guessing the market direction. Definitively, not an easy thing to do. You’d better following what the market is doing.
Also, I see people being very inconsistent with their trading strategies, mixing a lot of them, or changing them all the time so they don’t know what has worked or not.
Last big mistake is the use of leverage and taking exposure to way too much risk in a totally uncontrolled way. That leads to disaster very very fast.
Question: If you suddenly went back to square one overnight and lost all your money, what would you do differently than when you first attempted to trade and become financially free?
I would start following a strict system from day one even if that can very boring (no need to rethink the trades, you can do no trades at all for long periods of time like now, etc…)
Question: Many traders I speak to speak about how enjoyable it is to be a trader, in that it’s actually FUN. But from the outside, I imagine many people perceiving the stock trading world as a cut throat, aggressive business to be in. What are your thoughts on that and how can people make it fun, so to speak?
What is sure is that trading does not need to be stressful or to involve too much emotions.
Depending on which system you follow, you be trading only a few minutes a day. It could be as easy as putting your orders at market prices on open. Not a lot of stress involved there. Then, you have a lot of time available to do something else.
There is a lot of work involved in building a trading system, but once that is done, or if you follow someone else system’s, the fun is in following it and doing something else at the same time.
Also, it could be pretty fun to reap the reward when the trades turn to a nice profit. And there is no more stress when bad trades happen as they are trimmed by the system. You also do not have any personal involvement in the bad trades, which could otherwise be something turning down a lot of traders.
Question: What are some of the most common questions you are asked about trading stocks, and could you provide some answers to these questions?
The questions we regularly receive are mainly due to the fact that people are not used to trade a strict system. They wonder why we pick some losers. They are also surprised that we can sell a stock that is still going higher in price. Sometimes, they don’t understand why the system produces such a volatility.
Well, all these questions are answered by looking at the history of our portfolios. The system has been design to react always the same way to the market, and it will tend to repeat it past behaviour.
All systems are not designed to picks 80+% of winners. Our systems are not. We get 60+%. People are very often looking for a magic solution to pick always winners.
I’m sorry, but I don’t think that exists. Long term performances tell much more about the system that a few good or bad trades.
Even if you’re not following a system, your own way of picking stocks will also lead to good and bad trades. And do not forget that even if you pick a low number of winners (# 30%), you can still enjoy nice return if you ride these winners properly and cut your losers very quickly…
Question: I know that you deal with many trading techniques and your website www.SuperStockPicker.com offers a lot more advice, can you tell us a little more about what you offer over there?
On www.SuperStockPicker.com, we expose all the results of our trading systems.
We provide all the historical information about our portfolios, which are divided in three families: Price Momentum, Low PEG Ratio and Earnings Estimate Upgrades. When visitors register, they receive the picks in their mailboxes the evening before the day we recommend to trade them. Also, we are preparing a market timing indicator that will help to know if it is a good time to be exposed to the market or not.
Finally, we host a forum which is used by our members to share their experience with our system and the stock market as a whole.
Question: Finally, your website www.SuperStockPicker.com obviously deals with all of these issues and techniques in much more detail and is something people might wish to consider if they need a system to follow to become a successful stock trader…
…But could you explain to the listeners what specifically makes your services over at www.SuperStockPicker.com any different to the numerous other programs out there in the industry?
We are FREE. Yes, access to all the information and services on our website is free. I think that is the main difference that makes us so different from the crowd. That allow people to track us as long as they want before committing some money in our strategies. You don’t need to pay first to see if it works, and that’s quite an advantage.
Also, our portfolios show exceptional returns. Our Price Momentum portfolios can get in the order of 100% of annualized return since inception. Well, that is the case in bull markets, as the latest crash has shown the need of a timing indicator to protect that growth when the market plunges. That’s why we are working on providing a timing indicator as well soon.
The latest difference is that we are currently dealing only with the Canadian market, more specifically, with the Toronto Stock Exchange. We could add more markets in the future, but at the current time, we are 100% Canadian.
We are free for life. You’ll never have to pay anything to follow us. And that’s what we are proud of: you can see everything about us in order to decide if you like what we do or not.
Question: And if people want more information, you have a newsletter that they can check out, what sort of content will they get from the newsletter?
What we send by email are the same orders as the ones that will be executed in our portfolios. So, if they register, they will receive those emails every evening and they are able to trade them in the next trading session. On our side, we record the close prices of this next trading session.
And when our timing indicator will be ready too, its value will show up in the email as well.
If interested, you just have to visit http://www.SuperStockPicker.com/free.php to register for free.
//end of interview