Investing course with Mieczysław Siudek - Is it worth it? [REVIEW]

Polish broker XTB He offered 8-hour, free investment course with Mieczysław Siudek. An experienced investor focuses on data that many individual investors ... consciously ignore. It's a volume analysis. Even if you are not convinced of it, it is worth spending 8 hours to expand your knowledge.

Check it out: Volume accumulated on xStation

Who is Mieczysław Siudek? He is an experienced trader who managed, among others investment fund, former broker and dealer. Through 23 he has been on the market for years, as the only Pole who has worked, among others in the trading room of the famous Bryce Glimore, considered the all time trader. He spent four years there. Is focused on analyzing the movements of the so-called Smart Money, or observation of market geometry and volume. Thanks to this, he tries to invest like the largest players, aiming at the highest rates of return.

But is it worth spending 8 hours to get to know his experiences? We decided to check it out.

How the course runs

The course is really 26 lectures. In total, they take about 8 hours, but are divided into videos lasting about 15-35 minutes. They are not overly dynamic, but it allows you to focus enough to learn knowledge that can come in handy. Many retail investors overlook the aspect of volume. Meanwhile, Mieczysław Siudek emphasizes how important it is and draws attention to when and where liquidity providers on the market must become active, which undoubtedly affects the exchange rates.

Importantly, it shows specific examples from 2018 and 2019 of the year, which traders still have in mind, not playing from distant times, which were long-faded memories. He also convinces that some of the elements are immutable on the market, which is constantly changing, so it is worth knowing and making money from them.

This is why it is worth watching the volume - to know if there is a lot of money behind the chart. Because changing rates is not always the result of a Smart Money transaction. And without the big fish, the trend may continue, but with them, it is always more certain and - what is to be hidden - more watched.

Specific tips and anecdotes

In the following parts of the course, the tutor focuses primarily on a detailed analysis of individual bars and on their basis shows where large capital is accumulated. What's more, you can also deduce from the chart what positions were taken by the big fish and "hook" to their moves. However, you also need to know when to do it. At the rate, we will see how easy it is to make a seemingly right decision, but at the same time to lose money by activating a stop loss order.

In an easier understanding of this aspect, many anecdotes help, which are not loose digressions, but refer to specific market situations. Mieczysław Siudek recalls the situation when he presented his investment plan to one of the world's leading traders. He answered only: "Who will sell you here?" It is worth remembering that the conversation concerned investments at the level of several hundred or even several thousand contracts, so liquidity in this case was of great importance. So in the following we find out what market makers do with the chart in such situations to scare us - individual investors - so that we are willing to get rid of our positions.

- Big players accumulate our fear and distribute when we are euphoric and buy - reminds Mieczysław Siudek.

Smart Money does not always earn

The author of the course, however, warns about the blind faith in the infallibility of large investors. And, of course, he shows examples when he worked in an investment fund, which invested in a company, having a great portfolio of orders, which is also fundamentally cheap. In three months its price dropped by 50%. Who with individual investors would withstand such a decline? Meanwhile, after a year, the company cost several times more.

On another occasion, he bought a company from WIG20 for one week on one of his wallets. Fixed price. After the end of the accumulation, it fell by 30% and the risk department removed the position. The company's price fell when it was cheap anyway, but that was the market situation. Therefore, Mieczysław Siudek emphasizes that the training should not only take into account specific knowledge about the volume and its impact on the course, when it appears in a specific place of the chart, but also a more universal message:

"Play what you see, not what you think."

ACCESS TO 8 COURSE HOURS