DiNapoli Expert - Neal Hughes.
Some comments directly from Neal: "I first heard about Joe DiNapoli from a friend who had attended one of Joe's seminars. My friend was very impressed, and insisted I explore these techniques.. I'll disclose that my friend is the most brilliant "Stock-Picker" I've ever met, and he recognized that I needed help. Following someone else's stock-picks did not work for me. I'm not a gambler, or a hanger on, I need a sound technical methodology. Why Joe's techniques? Well, my trading was OK, but every now and then I'd incur a large loss, or a string of losses, and end up giving back most of my profits. After several years of studying technical analysis, my trading still was not consistent. My techniques would work well for a while, then I'd lose faith in them, and I'd study some more, learn new techniques, and repeat the cycle. Only after I focussed on MACD and Stochastic for an extended period (discarding all the other standard and self-designed indicators) did I really learn to "read" them well. I highly recommend that traders specialize on only a few simple techniques. But something was still missing, my stops were hit too often, winning trades would turn to losers too often, etc. Then I met Joe DiNapoli! I learned a better way to trade with the MACD and Stochastics (how to fade the standard Stochastics signals, for example). But the most powerful change for me was implementing Joe's Fibonacci techniques, and Directional Indicators. The years have taught me that taking many relatively small profits is better than looking for the home run. Having more frequent profitable trades is what keeps me in the business. The self-doubt and agony caused by inconsistent trading is what ends most trading careers. Hanging on through a string of losses, hoping for the "big one" is an indication of a failing strategy. High-probability trades, and pre-determined profit objectives make a trading career possible. Only after sufficient time has elapsed, can a trader become successful. Joe's techniques can help you stay in the business long enough." Neal enjoys helping serious traders improve their techniques, and encourages all DiNapoli clients to actively participate on these web pages.
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