After Dr. Alexander Elder’s Traders Camp in Cyprus 2005, a few of us who wanted to see the rest of the island threw in together and spent the next three days exploring. See earlier posts for descriptions of the class — this one is all about sightseeing.
The 2005 Trader’s Camp with Dr. Alexander Elder officially ended on Friday. Saturday turned into a bonus day with an impromtu invitation from Alex to sit in on his weekly top-down analysis of the markets, a.k.a. “homework”. Now its one thing to be told how to do market analysis, a better thing to get ready-made spreadsheets for it, and best of all to look over the shoulder of a seasoned expert who can articulate his thoughts in real time. We got all three as best-selling author Dr. Elder sorted through over 130 market indices and 237 sub-industry groups to find candidates stocks for the trading week ahead.
“Don’t take pictures of the checkpoint.” “Watch out – its under military occupation.” “You’re only allowed in for one day.” In 2005, at Dr. Alex Elder’s Trader Camp in Cyprus, we knew these rules when we voted to venture, as a group, to Northern Cyprus, a territory controlled by the Turkish army and unrecognized by the United Nations. A few campers had strong opinions about the unfortunate Greek vs Turkish conflict that cost thousands of lives on each side and declined the trip. They spent their free day on the Greek side of the island. The rest of us chipped in for the motor coach that took us for an unbelievably action-packed day.
At Dr. Elder’s Traders’ Camp 2005, the class hours were time for serious study and the dinner breaks were time for serious fun. With 30 people total, it would have been far easier for Dr. Elder to just turn us loose to eat on our own or have the hotel buffet each night. Instead, he arranged for us to indulge in the best of the local villages, which meant some wonderful meze feasts! We set out in daylight to enjoy the sights on the way.
In Sept 2005, I attended a week-long stock and commodity trading camp by Dr. Alexander Elder and Mr. David Weis on the island of Cyprus. I learned two vastly different methods of technical analysis for trading, plus money management and all-important trading psychology. The camp structure and side trips also helped me to meet other traders and create friendships that last to this day. This post in the Cyprus series focuses on the seminar itself.