The first issue in trade is yet to enter the market. It is preferable to wait to stabilize or right-to-buy price drop? You must wait a little longer and buy only the first step after a fall? Make one should continue raising prices or even wait a base after a promotion? It is waiting for a resumption of the trend even more after a break right? the answer is: it depends, but not on this situation, which could have thought now. Instead, it depends on the use of trading system, which should be clearly aligned to either style. In other words, can earn money markets with cyclic and anti-cyclical systems. Just don’t try to mix with the other method, unless you intend to be a commercial engineering. cyclic system is completely quoTrader. It sells the high-current for short-term situations and for long periods of time. This has two advantages. on the one hand, chances are biased to the merchant. High indicates a trend, there is a pressure that pushes more and prices provides an entry. In addition, there is a tendency, which means that prices are on the right track. The cyclic method is the fastest way to get rich. Anti-cyclical merchants are most investors. They generally have a long life. the trend and the most important foundations of a public address system. Stock may not be sold on a commercial basis, but this means giving up most of the possible gains. Real money are held when things are going well and set a trend for several months, at best, finally exceeded by a wide margin. And this is the Foundation. As a reward, to run once they have gained momentum, revenue and profits of the business that often made with an extraordinary record. We have a stock of growth. The increase in revenues is based on the value. Especially in the concentration of these populations will produce better results although the goal of horizon periods time is much shorter. one of the beauties of stocks is that they are essentially options but without expiration date. At least this is true for stocks on the move. It is possible that its value is multiplied by a large factor, however, cannot be less than zero. But this is interesting because it offers the possibility of a trading system, only driven by strong upward movements that down. Of course this effect becomes noticeable if they hold a stock for a long time. The day traders go empty handed to. & amp; # xD; Another good thing about stocks is that there is no stock market, namely that there are thousands of potential candidates. Compare Forex or futures. With ETFs, some of them being short and other instruments corresponding to foreign markets and raw materials, there is always something that you choose. Without having to go short can still appreciate the stocks. a trading system must be compatible. They should fit all parts of the system. Something that is not, but this may be just the thing to another system, is like a grain of sand in the machine, money that is so, there is a money machine? Is not alone, there should be one, otherwise it couldn’t make any system and trade could be just a game. of course, this machine can be used for all. As indicated in the common sense, are just a few that will …
Category Archives: Options
A Forum For Investors & Traders – Bio Forum By Bill Spetrino
“Bill is not your average dividend stock selector”. It is probably the best in the biz. Not only elect a “big rig” and sit in it. Bill is demanding the company below and the price that you enter. I’ve never seen someone do so that makes the Bill. “It’s awesome” (Sean_Hyman, _ Instructor_de_Forex, _ Professional_Money_Manager) last year, Bill Spetrino, consulted several ways to provide professional advice on individual actions and the equity market strategies. “My vote of dividend machine currently has 19 positions 19 victory that brought the articles in financial intelligence report in October from best-selling and CEO of Newsmax, journalist Christopher Ruddy, as well as the November issue of Newsmax magazine with Sarah Palin on the cover. NewsMax magazine is an unbiased source of news; many have asked me why I do not charge $ 500 to $ 5,000 for annual subscription, as other authors of newsletter groups or investment and my answer is simple: “I want to offer a high quality service to those who manage their investments for a minimum possible cost” do you really think that you can rent for this little money? a fortiori a global group? Of course not … many of our members have already reached or are well on the path to financial independence. Each of them considers B.I.O. Forum a valuable tool in their chest trade and investment. Here are some of the members have to say about what it means to “B.I.O. Forum” for their investors: “for the first time since taking control of my anger I made money.” “The discussions in the Forum are great.”-Alabama, United States (g) “Bill placed their trades in real time, explains what it is and that’s what he said.” “Your money is on the line.”-MD of Albuquerque, NM, USA large group of people who have a lot of experience. “Good discussions” WS-Illinois, United States “as a recent Subscriber B.I.O. Forum I received my first star as a rookie members a few days ago.” I know that this is a new beginning for me and I’m very happy to be here. Bill and his “happy fellow and women band” are accused of investment experience and are ready to share their knowledge with everyone. Creation and maintenance of the portfolio, business ideas, the introduction of market cover everything from Frank and comprehensive. I’m more my ali here and I’m sure this is the place. Asked “how better B.I.O. Forum?” I say this with confidence … All “-KK in Pennsylvania, United States “” is the benefit of a BIO site: there are more eyes on the market. “” “A market is not only a large number of moving to chance, but of people with different views of the market.”He keeps an open mind to find new investment opportunities. “MH-Chicago, IL, USA “BIO forum is fantastic! Where can exchange ideas with other investors and traders on a daily basis and get strategies and investment of valuable information? I learned more about organic forum with other investment services. It’s true … not to be missed. “-CT, El Dorado Hills, CA, USA “I know I joined the appropriate forum to achieve these impressive answers to my question.” “Welcomes all his wisdom.”-JH, KL, Malaysia “Bill is the true-honest and experienced market, savy and success.”. ” Flame Sends exactly as their crafts to himself, he sees. His record of success is published so that everyone can see. I made very good money …
Binary Options Starter Kit
Trade binary options is not a new concept and has been everywhere in the world of options for some time. Binary options trading is also known as the all or nothing fixed return options, digital options or speed of Commerce (FRO). binary options are a legitimate concept in options trading. In fact, the AMEX and CBOE have their own products, binary options. Yet the focus of type is the type of day trading binary options. Why? Because there is so much opportunity in binary options of daytrading. In addition, an attempt was made to regular day trading options? Have you ever tried daytrading? EH well … Binary options trading is much easier for daytrading, why you can share almost anything. In fact even does not need to see their position after writing because it can’t get out! This is very good because it forces us to think about entering more properly. All we have to do in binary options trading is simply to write well and then we just trade. You know that in an hour or less that the trade is profitable or not. the day of trading binary options industry is still in its infancy, but is quickly developed. Brokerage pioneer competes hard and craftly if the level of engineering systems developers are not developing resources for the benefit of binary options. What is unique, even if the systems of trading binary options binary is that it is powerful trading systems available right from the start by Christopher Kunnundro engineering options. It is not common to these high-level binary systems available at the beginning of a new financial instrument. But things have worked at this time. It’s time to develop some very powerful binary systems. The birth of binary options for commercial sector coordination with research and Christopher for a day of business solution that could be very profitable and easy to trade options. So, now how to access powerful trading binary options ultra systems see, here’s the thing about binary options Spot: ordinary or regular trading daytrading success to do back in the day and 80 per cent is super hard to do. But daytrading binary options must be a penny stock, a tick mark in futures or options contracts. It’s really incredible, once you realize, once it establishes his understanding. Now you can up to 80%, or even half an hour to be right for only a penny, a brand or a pip. The key will be to ensure that is exactly how it is capable of a now 80%. This is exaggerated to achieve 80% in one hour, but you need a good trading system, so he can win most of their activities on a consistent basis. Thankfully, we’ve created and available systems, once you understand how to trade binary options binary option Kit. Start Binary options trading is so simple that it is very liberating. When you need to run a safe order is good for command options in their exchanges with two clicks, without having to find symbols and everything on the screen. This is very important when you try to run a day in trading system Nobody talks about daytrading options and that is why you hear? Because the mechanism of the entry order has been so lanky and lists tend to be large enough vanilla options.
Binary Options Blueprint
It is frustrating, no? You have decided to start trading binary options with the hopes of making a 70% now, but have found it difficult to generate consistent returns. You can win one, turn and lose in the next trade. If you keep it up ends up deactivating your account! ready for anything now just throw in the towel and chalk, until venture …but, has lost a person you really want to give knowing that there are traders who have found forms of intelligent Commerce to generate consistent returns binary options daily? The question we must ask is ……… using a combination of lot sizing techniques, key strategies and the application of a disciplined, easy-to-follow system, day traders a higher percentage binary option trading platform business in motion. I think I’d rather be 0.2 percent on a trade when the underlying is a small movement in any direction or 70% or more? This is true. It is therefore important to understand the technical success with binary options, strategies and systems, which are used to mitigate risks and provide consistent results day after day traders. We reveal all in binary plan option. the main differences between the main binary option trading platforms and the key features that could make the difference between winning and losing. How to dramatically reduce its “potential loss of trade” returns percentage and increase the likelihood of generating positive. Returns the essential hedging strategies used some operators of binary options to limit losses and momentum. easy to implement strategies that earn a returns a very high percentage, but it can be used only once per month. a complete guide step by step easy to follow the binary signal options that can be implemented immediately, free of charge, without risk to determine the points of entry of attractive commercial. binary options trading is a relatively new form of online trading and no one has published a definitive guide to profitable business. Techniques and strategies that I teach are a combination of knowledge obtained from a handful of successful traders who have found a way to systematically generate binary options trading benefits.
Stock And Option Trading.
Over 18 years, I 1been safely test, adapt and develop a simple system for making money on the stock market. step by step and # xD; & amp; # xD; I used this same system triple my money in just 21 days! (Frankly, many of my students have done more than …)& amp; # xD; & amp; # xD; know that you can save only 15 minutes a day to learn my amazingly easy to follow plan. Allows you to sit back and see exactly how much money can be made for & amp; # xD; & amp; # xD; my name is Hello, Stephen Cooper. It was the people of the classes as you like Exchange in shares and options. You can read my system in the best-selling book, multiple streams of income by Robert Allen, or I have heard in a lecture, or read one of my books, the richness of Windows or option trader online. & amp; # xD; & amp; # xD; He teaches at thousands of incredible gains in the stock market has been a rewarding experience for me, but the most important thing was very rewarding for my students. & amp; # xD; & amp; # xD; “while I had heard about for years, I am really protected in these techniques by a chiropractor named Dr. Stephen Cooper.”Thanks for teaching me and open your eyes to the potential profit in the options (and time) a system that works. “& amp; # xD; & amp; # xD; teach a proven business formula and advanced. This formula is a simple step by step plan that will follow at any time decide to trade on the stock exchange. & amp; # xD; & amp; # xD; This formula has been tested, verified, tested and designed so that anyone could generate incredible returns on the stock market! & amp; # xD; & amp; # xD; Once you learn is that my system will have a big advantage over most people trying to make money in exchange of shares or options on the stock market. Recognize Him; thousands of recruits have their business before every week. Most of them have no idea! Mean? & amp; # xD; & amp; # xD; can take advantage of the lucrative market, again and again and again. It doesn’t matter if you go upwards or downwards! & amp; # xD; & amp; # xD; When I developed my trading system was still in the practice of chiropractic. Work began in 07:30 and ends at 18: 0 or 18:30. There was no way they could sit on a computer and see the markets every day. A revolutionary form of designed a trade with only 15 minutes or less a day. The amazing thing, I discovered, is that really better less trade benefits! You can imagine what a surprise it was when I realized that the “common wisdom” that makes shopping even more is simply not correct. & amp; # xD; & amp; # xD; probably heard and seen also graphs of citations. What you may not know is that these charts can say a lot about what is likely to occur in the future … if you know closely, read. What is so great about graphs of citations? The graphics are as x-rays … they will let you see what is otherwise invisible. A graph is really a picture of volume and price over time. They give you a vision that not only is available in any other form. And is not limited to the populations of the fair. You can view graphs for interest rates, currencies, commodities …. of indices, gold, anything that has price and volume. & amp; # xD; & amp; # xD; I must say, the graph can be simply amazing! Graph can be displayed when a market is ready to raise or lower stop stop. Use graphics to tell me these things a lot. For members of my site that shows me graphics. If you want to see an example of an alert is sent to the advanced OnlineOption.com …?
Make More Profits Trading Stocks, Options, Futures, Forex
Did you know that 90% of materials and option traders lose money in the markets? It means that the 10% that are profitable are clean, right?
If you have found this page, my guess is that he has lost more money in the markets that you care to share with someone.
I am fine? Can be honest … right? Don’t be embarrased … that actually what happens to everyone. Very few people in the markets is immediately profitable without spending some time at the school of success.
Thinking about how I wanted to be the next Jimmy Hendrix, he I think it could do 2 days after the introduction of this… if? What about a week? A month? 3 months?
You are right! Probably not. If you think you may have a stock or option trader profitable so quickly, when there are people who have been professionally for years and years?
And why leave most people? Because it was just a phase … thing … they give a shot. And then lose your hard-earned money and then moved to what we call “the next shiny object”.
But if you read this page, so I guess I’m not like the rest of them. You really want to know how to succeed. You are ready to do everything you need to live the life of a successful merchant. I am fine?
Then, like a person can learn how to play guitar like Hendrix? Ways …The 2 way … and along the path to execution.
The long way… scour the Internet, losing precious time that could be used for, the search for more information about how to read music and play, books buy books online and in local music shops, try to determine autonomously and practice a bit here and there.
The short way … find someone to show you exactly what to do and how to do it. So spend your time and control. Could not only shave hundreds of hours out of losing time, time spent in practical reality, but you know that I know someone who already knows how to do it right!
He could go the 100 hours to surf the Internet, read the blogs and forums, buy electronic books to people who do not know and never really do. How do you know that you don’t want to buy knickknacks, including 90% that lose money in the markets? Or worse yet, a person who is not yet listed first?
Achieve professional success to show you, that how! Fingers to hunt no more offices and the cross.
Our mission at PremiumPub is to connect with experienced, successful merchants, higher sector who have already established their manufacturing techniques. Their task is to provide business education that is by far, the most effective and proven strategies used today on the market, tested and used daily by experts … the 10%.
You want a Board exceeding 90% traders are not profitable? An advantage that will provide immediate benefits?
If we can provide access to these operators profitable and their strategies, which helped him give an advantage in the market that is interested?
What happens if it gave us access to their secret insider save you time and frustration and help you in your quest to become a profitable trader is … can seize this opportunity? How it would be useful to you? $ 100 per month? $ 500 per month? $ 1 000 per month?
You see, 10% of all revenue in Tradingpub.com is given to charities to feed the hungry, educate children and provide relief to stricken communities. Some other sites offer …
Terrys Options Trading Strategies
Terry options strategies for the success of the fellowship is a 70 page document. A graduate of Harvard Business School Professor and former CBOE reseller plan, Dr. Terry Allen shares four economic strategies to trade stock options designed to generate exceptional market returns.
Through its strategy of 10 k people, Dr. Allen has made more than 50% each year several times (after commissions). And will show you how to do-it-yourself.
“My value of IRA is more than 4 1/2 months with their strategy doubled. Over the past three years, this account has been completely at the bottom and actually lost money. “You may never know how grateful m.”.
We know that all that a person cannot negotiate options with a cash account. I don’t know what many people, however, is that they can use an IRA (Roth IRA) for trading in stock options. Smarter people have created an IRA Roth 401 (k) or another qualified retirement plan. For some of them, may be the only stock market investment. However, they have made a wise choice. These plans offer tax benefits immediate or long-term and relieve the poor employees owners of payments of social security during their retirement years. My strategies provide a way to significantly increase the value of their cash accounts and your existing IRA (Roth IRA).
“I’m not a writer of letters to Councillors flattering, so is of any consequence my investment history which tell you how much I am with your 10 k strategy.” Hope grows in the most important part of my investment and ultimately rule the world. “I will be kind to you, Terry, in recognition of its splendor and its willingness to let the old small fries like me action.”.
and receive a free option strategy report (a $ 19.95 value): “how to create an options that are beyond a stock investment portfolio or Fund” 5. All about iron Condor short stretches 6. All about the butterfly extends beyond 7. All about strategy to overthrow the gap 8. Shooting star strategy “Are an experienced investor and have my degree in finance”. Would take more than 20 years of improvement, to hone my investment strategies into something similar to your ultimately. With experience, I know the proper case when I see it. This is the real deal, no doubt. Thank you for sharing your bright ideas certainly won with others. “Dr. Terry Allen graduated from Harvard Business School and received his Ph. d. in business at the University of Virginia. ” Began trading shares on the floor of the CBOE options in 1979 and exchanged successfully for more than 25 years. In each of these years, on average, more than 100 trades a month option. Tried every conceivable strategy option imaginable and develops the dish fell on his face dozens of times (they shouldn’t). He taught at the University of Richmond, Babson College, Northeastern University and the University of Vermont.
Dr. Allen has set a goal to share his success, giving the reliable of charities $ 1,000 per day, every day for the rest of his life. So far, there was not a man of action, a gift of more than $ 400,000 for several years. See the list of charities to support. A percentage of the remuneration options strategies will go to Terry White Paper trust that supports these charities.
In recent years, using their strategies, Terry has won at least 50% and has won more than 100%. One year, he managed an account of a client and went to …
Options Trade Adjustment Manual
I have trading options for many years. He started trading in options on my own but with education and constant reading, I could improve my business results. He is a founding member of a hedge fund trading and formed many options traders around the world know that trade is a trade very dynamic. Most people learn the basics of option trading before you jump to trading with real money. However, very few people have an idea of what it will do if the trade does not go according to plan, which, inter alia, almost always happens.
Imagine the confidence with which you can approach any market condition knowing that they were a response to that launches every ball in his direction. Can you imagine the difference will be that the results of their business, when you’re calm, knowing that you can handle anything that you are. ? Will be to improve the results of many folds and better sleep at night. I’m not arguing a magic wand to solve all problems, but it was the impact of what I will offer you everything to me. You can get this handy PDF file with a direct download for $ 35.0. You will have the information in a few minutes and you can apply the knowledge from this book immediately in their trade. Please click on the following link to obtain this knowledge now this book will provide a brief summary, a pork chop, with many possible settings, you can do if you have several different options positions as a butterfly, iron Condor, the proportion of leaves, etc. There are many Guardians of option that will tell you what is best for the installation of a trade, but very little that will tell you all the options that are trade once it’s on the market.
When I asked an agent of choice on how to regulate a trade in option, the usual answer is “it depends”. It is true that the correct setting that can make its location depends on your location and a dynamic market, but it would be nice not to have a list of all available options, which can be found quickly to the heat of the moment, when you run.
Don’t forget, have a pork chop with adjusting tactics doesn’t mean you can slap on one of the many parameters for a given position. But the Devils are much better than 5 or 10 week course tutor expensive learn some of these parameters. The trade options in last 5 years, and what has made a difference in my work is to have a quick adjustment go that could be quickly manage my risk. In fact, he moved to have options trading as a hobby to advise hedge funds and traders of option settings. From my interactions with many traders that I have had over the last few years, I realized that tells that, apart from the constant practice, nothing better than a game that can give you a strategy to go fast when things begin to turn bad markets. All traders I’ve worked have seen huge changes in their performance for my e-book in front of them. You can get this handy PDF file with a direct download for $ 35.0. You will have the information in a few minutes and you can apply the knowledge from this book immediately in their trade. Click the following link to obtain this knowledge, now my e-book gives you 25 different tactics with setting an example …
Short Swing Trading.
Copy my business strategy and could make consistent profits … month by month!
..You will learn how to use my full and full of marketing for returns like that …
JetBlue Airways Corp. (JBLU)-US $ 10,122 (opposite profit chart) over 81% 16 trades trades bird victory was 2.5 x loss of birds JJB Sports (JJB)-UK Stock gains £ 13,783 (the graph of profit) on 60% 25 trades offices the birds to win victory was the loss of 3.2 x Stock gains bird is a complete example of a normal month of trade book showing every trade during the month and how implementation of short-Swing trading strategy. You can see other examples, as in the previous to the bottom of this page.
Swing Trading short now sold in more than 50 countries worldwide and the strategy has shown in many markets, including Australia and Canada and the United States and United Kingdom markets. Shall be provided with a list of monitoring actions UK, Aus, Can, and fair trade American JBLU and Mario above with the proposed strategy.
Short index Swing Trade Exchange is designed for commercial actions (actions) but with a slight variation in the basic strategy that describes the Web site members can exchange swings in the Dow Jones, S & amp; amp; amp; P 500, FTSE 100, of ASX 200 (Australia), Dax (German) and using multiple tables at the end of the day. Here are three examples.
25 (in front of profit chart) the offices of Dow Jones 16 month period 60% winning trades of birds win a loss of bird x 3.2 that it adds? So, if in the last 18 months had mistaken a selection of stocks in public list index or two if you want and then using the short Swing Trading strategy, it could make a very healthy profit …. and there are more than 60 American shares on my list of orologiocome see the reign of UnidoCanadá and ready for Australia. You can build a custom list of observation for any other market on the basis of the information provided in the book also add that on the website.
Forex trading strategy will be profitable trade GBP/USD and EUR/USD per day (only daily chart), but with different basic settings of OSH strategy. These values are stored in the ESS website members. (Please note that this is designed as an end of day trading strategy)
Raw materials, metals futures and options also sent via the strategy, published in the book.
“Wow!” Nice work. ! I downloaded your book last night and didn’t read to the end of the first of 14 chapters. I saved the exercises, with the last two chapters, this morning. He appreciates the logic of material, the lucidity of the exhibition and find excellent exercises test my understanding of its strategy of short-term Swing Trading. Kenneth Sr Lee, MD, United States.
“It was very refreshing to read his book, have to say that of all the books read in the last six years, is probably the most comprehensive and informative, practical and no nonsense approach, discussions I’ve seen.” “It is a pity that I do not 6 years, would have saved me a lot of time and money.” Mr. Paul Manley, United Kingdom.
Short swing trading strategy is based on trade rules, are easy to use and give a “paint by numbers” complete removes any emotional …
Stock Option Trading: Millionaire Principles
This person below gives a good account of how trading Options can make profits. Options trading is not for the untrained, you deal with quite complex vehicles to make trades. However, with the right advice and a clear strategy you will have more confidence.
INTRODUCTION
Having been trading stocks and options in the capital markets professionally over the years, I have seen many ups and downs.
I have seen paupers become millionaires overnight
And
I have seen millionaires become paupers overnight
One story told to me by my mentor is still etched in my mind:
Once, there were two Wall Street stock market multi-millionaires. Both were extremely successful and decided to share their insights with others by selling their stock market forecasts in newsletters. Each charged US$10,000 for their opinions. One trader was so curious to know their views that he spent all of his $20,000 savings to buy both their opinions. His friends were naturally excited about what the two masters had to say about the stock markets direction. When they asked their friend, he was fuming mad. Confused, they asked their friend about his anger. He said, One said BULLISH and the other said BEARISH!
The point of this illustration is that it was the trader who was wrong. In todays stock and option market, people can have different opinions of future market direction and still profit. The differences lay in the stock picking or options strategy and in the mental attitude and discipline one uses in implementing that strategy.
I share here the basic stock and option trading principles I follow. By holding these principles firmly in your mind, they will guide you consistently to profitability. These principles will help you decrease your risk and allow you to assess both what you are doing right and what you may be doing wrong.
You may have read ideas similar to these before. I and others use them because they work. And if you memorize and reflect on these principles, your mind can use them to guide you in your stock and options trading.
PRINCIPLE 1
SIMPLICITY IS MASTERY
When you feel that the stock and options trading method that you are following is too complex even for simple understanding, it is probably not the best.
In all aspects of successful stock and options trading, the simplest approaches often emerge victorious. In the heat of a trade, it is easy for our brains to become emotionally overloaded. If we have a complex strategy, we cannot keep up with the action. Simpler is better.
PRINCIPLE 2
NOBODY IS OBJECTIVE ENOUGH
If you feel that you have absolute control over your emotions and can be objective in the heat of a stock or options trade, you are either a dangerous species or you are an inexperienced trader.
No trader can be absolutely objective, especially when market action is unusual or wildly erratic. Just like the perfect storm can still shake the nerves of the most seasoned sailors, the perfect stock market storm can still unnerve and sink a trader very quickly. Therefore, one must endeavor to automate as many critical aspects of your strategy as possible, especially your profit-taking and stop-loss points.
PRINCIPLE 3
HOLD ON TO YOUR GAINS AND CUT YOUR LOSSES
This is the most important principle.
Most stock and options traders do the opposite
They hold on to their losses way too long and watch their equity sink and sink and sink, or they get out of their gains too soon only to see the price go up and up and up. Over time, their gains never cover their losses.
This principle takes time to master properly. Reflect upon this principle and review your past stock and options trades. If you have been undisciplined, you will see its truth.
PRINCIPLE 4
BE AFRAID TO LOSE MONEY
Are you like most beginners who cant wait to jump right into the stock and options market with your money hoping to trade as soon as possible?
On this point, I have found that most unprincipled traders are more afraid of missing out on the next big trade than they are afraid of losing money! The key here is STICK TO YOUR STRATEGY! Take stock and options trades when your strategy signals to do so and avoid taking trades when the conditions are not met. Exit trades when your strategy says to do so and leave them alone when the exit conditions are not in place.
The point here is to be afraid to throw away your money because you traded needlessly and without following your stock and options strategy.
PRINCIPLE 5
YOUR NEXT TRADE COULD BE A LOSING TRADE
Do you absolutely believe that your next stock or options trade is going to be such a big winner that you break your own money management rules and put in everything you have? Do you remember what usually happens after that? It isnt pretty, is it?
No matter how confident you may be when entering a trade, the stock and options market has a way of doing the unexpected. Therefore, always stick to your portfolio management system. Do not compound your anticipated wins because you may end up compounding your very real losses.
PRINCIPLE 6
GAUGE YOUR EMOTIONAL CAPACITY BEFORE INCREASING CAPITAL OUTLAY
You know by now how different paper trading and real stock and options trading is, dont you?
In the very same way, after you get used to trading real money consistently, you find it extremely different when you increase your capital by ten fold, dont you?
What, then, is the difference? The difference is in the emotional burden that comes with the possibility of losing more and more real money. This happens when you cross from paper trading to real trading and also when you increase your capital after some successes.
After a while, most traders realize their maximum capacity in both dollars and emotion. Are you comfortable trading up to a few thousand or tens of thousands or hundreds of thousands? Know your capacity before committing the funds.
PRINCIPLE 7
YOU ARE A NOVICE AT EVERY TRADE
Ever felt like an expert after a few wins and then lose a lot on the next stock or options trade?
Overconfidence and the false sense of invincibility based on past wins is a recipe for disaster. All professionals respect their next trade and go through all the proper steps of their stock or options strategy before entry. Treat every trade as the first trade you have ever made in your life. Never deviate from your stock or options strategy. Never.
PRINCIPLE 8
YOU ARE YOUR FORMULA TO SUCCESS OR FAILURE
Ever followed a successful stock or options strategy only to fail badly?
You are the one who determines whether a strategy succeeds or fails. Your personality and your discipline make or break the strategy that you use not vice versa. Like Robert Kiyosaki says, The investor is the asset or the liability, not the investment.
Understanding yourself first will lead to eventual success.
PRINCIPLE 9
CONSISTENCY
Have you ever changed your mind about how to implement a strategy? When you make changes day after day, you end up catching nothing but the wind.
Stock market fluctuations have more variables than can be mathematically formulated. By following a proven strategy, we are assured that someone successful has stacked the odds in our favour. When you review both winning and losing trades, determine whether the entry, management, and exit met every criteria in the strategy and whether you have followed it precisely before changing anything.
In conclusion
I hope these simple guidelines that have led my ship out of the harshest of seas and into the best harvests of my life will guide you too. Good Luck.