How to make afull-time income trading less than part time




Customer reviews
Drug-on
Buy the new medication and show erectile dysfunction the door!
tr99
What is done can not be undone. What's done is done.
brolan
Liked your site
Flex-aka-Fuzz
This is the last sales event of the year! Hurry up to improve your sexual performance!
teryayaRazum
I think, that anything serious.
memelico
everything can be =))))))
Steysi
What I’m going to do today is to reveal the secret of eternal life and unmatched health!
2Tonic
And I even liked ...
kaboyashi
The secret of this drug is pretty simple - it boosts blood flow to your penis!

How to make afull-time income trading less than part timeHow To Make A Full-Time Income Trading Less Than Part Time

7 HABITS OF HIGHLY PROFITABLE TRADERS

There are a record number of people wanting to make money trading. The technology we have today makes it relatively easy to do. Anybody can master the mechanics. But, what is not always easy to control is the “mind game” aspect of trading.

Dont underestimate the importance of having the proper mental approach to trading. Go beyond just wanting to know “how to do it” to realizing that you have to be mentally ready for it.

The proper mind set that I'm speaking of here is the result of self-discipline and habit. Without exception, all consistently profitable traders have it. Some developed it the hard way, and for some it came easy. But none of them started trading, and went on to have success, without having these 7 habits drilled into them one way or the other.

It takes 21 days to break an old habit or start a new one, or so the story goes. But, keep this in mind as you read on.

Before you can develop these 7 habits you must first understand the Trader' s Mentality. The trader's mentality is to look at the stock market, and other markets, as a profit-generating phenomenon in motion. Its a happening. They dont have an investment mentality. They dont read company profiles, look at charts, read about management, study product development, study the competition, look at the P/E ratio, the company's balance sheet, press releases, earnings history, etc. etc. etc. before they trade. They dont do any of that, plain and simple.

They just do it. If they did any of those things, they wouldnt have any time left over to do any trading.

After an investor has done all this homework, they like to watch the stock for awhile to make sure it's good, whatever that's suppose to mean. Dont get me wrong. Theres nothing wrong with the buy-and-fold approach to investing, but none of the things you do before you invest will help you one iota before you trade.

There is no guarantee that investing for the long term will pay off bigger than day trading or swing trading for the short term. Investing for the long term is just easier. You buy a stock you like and take a 20-year nap.

Traders simply look for potential price movement. Traders realize they don't make a dime studying balance sheets and P/E ratios. Their focus is on making small, consistent trading profits with as little risk as possible. Short-term traders like day traders and swing traders look for moves they can make in the here and now. The trader's focus is on what's happening now and how can I profit from it as opposed to the investors focus of how will a company's stock price rise over time.

Now that you fully understand the trader's mentality, lets take a peek at those 7 habits …

Habit #1: Trade only with risk capital.

Many people start trading with money they can ill afford to lose. We call it “scared money.” That way, the fear of loss far exceeds any desire for gain, and they trade in a state of nervousness and anxiety. A set-up for failure from the get-go. The proper way to start out with your trading is to determine how much you can comfortably afford to lose financially, and then, from that amount, determine how much money you can afford to lose emotionally. Financially allocating an amount of money for risk capital is very much different from emotionally allocating it. Anything can and will happen in the market. Develop the habit of only trading with money you can afford to lose financially and emotionally.

Habit #2: Accept full responsibility for your own trades.

Successful traders always take full responsibility for their own actions in all aspects of their lives, and when it comes to trading they're no different. In today's day and age it 's easier and more convenient to blame others for our actions or to lie to ourselves. There are many examples of people not wanting to fess up, and take responsibility for what they do. Successful traders realize that their success or failure is all their own. While it may be convenient to blame the specialist for screwing them on an execution, or blame the day trading stock pick tips service for a string of bad picks, the ultimate responsibility for their actions falls directly on their shoulders, and they know it. You can learn a lot from an experienced trader, but your results are the result of your actions.

Habit #3: Focus on one or two techniques that Work.

Rather than constantly searching for new strategies and techniques, the profitable trader will consistently apply one or two approaches and absolutely nothing else. New traders often get in the habit of constantly searching for new things to try before they've even executed one trade with a proven strategy they've read about somewhere. They buy someone's book, then another, and yet another before they end up with a dozen books on trading without having performed a single trade. Or, they'll trade stocks, then switch to currencies, then switch to commodities, then something else. And so it goes. Most professional traders use only one or two techniques at most - and nothing else. Some days are better than others for them, which is true of all trading, but at no time do they even remotely consider trying something else. Even the most average of techniques, when executed with focus, will yield better results than the technique-du-jour if you're changing styles every week. Find a system that works and work that system to death. The grass isn't greener on the other side of the fence. It might just be moss. Learn your market, refine your personal approach to it and stick to it. Period. End of discussion.

Habit # 4: Properly manage your trades.

Without exception, every trading author on the face of this earth says that cutting losses is one of their cardinal rules of trading. But, if you've ever traded, you know how your own mind can work against you when it comes time to sell at a loss. You 'll start rationalizing why you shouldn't sell. It will come back for sure. It's just a temporary setback. I'll sell when it comes back to the price I paid. Im sure youve heard it all before you talking to yourself about that trade thats gone wrong. Take your pick of excuses, but none of them are the right way to think, and the next thing you know you've got a nightmare loss on your hands. Everyone has had this happen to them in the learning stages. Successful traders identify their profit and loss parameters before they enter a trade. They set their stops and stick to their parameters.

Habit # 5: Stay emotionally neutral.

Successful traders don't get too high when they have a winning day, and they don't get too low when they have a losing day. Taking a loss is as much a part of trading as is taking a gain. The difference is in how you emotionally deal with the losses and the gains. The market goes up and down constantly, but successful traders don't come home and kick the dog after a bad day in the stock market, or any of the markets theyre trading for that matter. Nor do they rush out and buy a new BMW after theyve had a good day, although there is that temptation. Take it from one who knows and owns a BMW. Successful traders don't let the stock market, or any of the other markets, put them on an emotional roller coaster ride. Staying emotionally neutral is the key to long term trading success. New traders often experience burn out, which is more a result of emotional ups and downs than anything else. Don't buy into the hype that is constantly coming out of Wall Street. Don't get scared when the market drops or pop the champagne when it roars higher. Just trade it. Save your emotions for the things that really matter in life like family and friends, not trading. Well, you can get a little excited about the BMW. After all, there are rewards in life. But, you get the point.

Habit # 6: Trade without certainty.

Successful traders are comfortable with risk. They know that they can't always wait for certainty that the trade will be profitable before they do the trade. They trade in anticipation of a pattern or event. This mindset is extremely difficult for new traders. New traders want all the facts before they do a trade, and by the time all the facts are in the trading opportunity is long gone. Then, they finally get around to putting the trade on and end up sitting there wondering why it didn't work out. If you're going into town and you need every traffic light to turn green before you leave, you'll never get out of the garage. Accept the fact that you won't have advance proof that a trade will work. Get comfortable with risk and learn how to manage it.

Habit # 7: Keep a trade journal.

Successful traders keep a trade journal of their trades, and periodically review it as a way of refining their approach to the stock market, or whatever market theyre trading. There is a tremendous amount of valuable information in your losing trades. Sometimes, you can spot easily identifiable patterns in your losing trades that can be eliminated. When reviewing their trade journals, successful traders don't think of them as profits and losses, but simply results. Just because you have a loss doesn't make you a loser, and just because you have a winning trade doesn't make you a winner. Successful traders use their trade journal to learn about themselves in an objective way. They realize that their trading activities produce results, and that the results hold valuable information about themselves. They offer the keys to improving the results of their activities. Keep good notes on each trade and review your notes often. It will help you trade better.

Now that you know how to be a good trader, go get 'em. But wait. not too fast. First, you need to read my book HOW TO TRADE LIKE A PRO IN ONE HOUR to find out how the Big Dogs do it. Get your very own copy right NOW by clicking here. It will teach you all that you need to know about commodity trading rules, a currency trading strategy, and stock market successful trading strategies. plus, waaaaay more than you expected!

Sound familiar ? You have spent years surfing the 'Net, and studying books and charts in search of commodity trading rules, a currency trading strategy, or stock market successful trading strategies. All you really want is the 'Holy Grail' of entry techniques. You usually end up adding one indicator on top of another, switching from one guru to the next, until you are so confused and unsure of your entry system that you are unable to make entry decisions and stay organized. You get so distracted and frustrated that you quit watching the markets all together!

Shows you how FAST you can make money when the BIG DOGS make their move - by shamelessly copying this winning group. Even I am STILL surprised by how much power they have over ALL markets - not just commodities futures, currencies, and stocks.

When it comes to commodity trading rules, a currency trading strategy, or stock market successful trading strategies, you will find a whole lot more in my internationally acclaimed book.

With a few simple mouse clicks.

Free unlimited personal consultation with each purchase

No-Games, No-Strings Money Back Guarantee

Over 76% of our customers have been trading four years or more. Almost 24% have been at it for over 20. Even experienced traders know they have more to learn. No matter what market you're in, whether your preference is commodities, currencies, futures, options, stocks, mutual funds, intraday or inter-day, whether you're a beginner who needs a concrete plan or a seasoned trader, or simply looking for information on how to use commitments of traders data, you've come to the right place. Most traders who come to us just want to know how to trade commodities futures, currencies, and stocks against the 'dumb money,' and.

How To Make A Full-Time Income Trading Less Than Part Time

How To Make A Full-Time Income Trading Less Than Part Time

Be sure to check out tradingsmarts/stocks. htm if all you're looking for are rules for day trading and/or position trading. And, we also have trading tips 'n tricks at tradingsmarts/tips. htm.

STICK WITH THE RULES AND GET ORGANIZED

Rules rule the world in trading. W. D. Gann really didn't care about what a company's earnings were. He didn't care what a company's debt ratio was. What was more important to him was the price that the market was at and the time that it was at it. He was the first one to really take a scientific approach to the markets with price and time, and patterns that would develop and repeat. The public loses because they do not stick with a well-defined set of rules and cannot organize themselves.

THE GREATEST SECRET OF THE STOCK MARKET

Did you know that the greatest secret of the stock market is not buying? It's selling. Never keep a loser, and never dollar-cost-average down. Protect your capital so you'll have enough to invest when the bull returns.

I n a survey of professional and semi-professional traders, 95% of them agreed that failing to cut losses resulted in the largest trading loss they ever had. This lack of self-discipline is the single most common thread to most traders' losses. The most common reason cited for not cutting the loss early was that they thought the stock would come back. Simply controlling your losses and setting stops (actual or mental) will dramatically improve your bottom line profits.

You won't find this feature with any other broker that I am aware of: At CyberTrader, you can implement a trailing stop loss that actually follows your order on its way up automatically. You do nothing. It doesn't just rest at a stationary price than can so quickly fall outside your trading strategy. This feature is a dynamic safety net for your trades. It protects your profits, and limits your losses. All you do is pick the stop loss criteria, and then sit back and let CyberTrader provide the automatic executions. Pretty cool, eh?

ONE SIMPLE NUMBER SMASHES MEASLY RETURNS!

Did you know that one simple number in a company's financial statement could point you to sky-high profits?

And did you know that a 20-year academic study PROVED that companies who have this number moving in the right direction return an average of 15% a year. compared to the measly 7% a year you'd get from companies with a bad number?

You might find it interesting to know that the number I'm referring to is Number of Shares Outstanding. So what, you say? Who cares what how many shares of a company's stock are outstanding? Tell me about revenue growth, cash flow, earnings!

You SHOULD care, because companies where the number of shares is declining have an AWESOME probability of outperforming the market!

The reason is simple: when companies buy back their own stock, they are voting with their shareholders money to invest in something that they KNOW is dirt cheap - their own stock. These companies aren't stupid - they only buy their own stock when it's low and sell it when it's high.

Buying back shares makes the stock go up for good reason - other investors see the company's confidence in itself. And simple algebra tells us that current earnings divided by fewer shares means INSTANTLY higher earnings per share!

As companies reduce their shares outstanding, the earnings per share increase, making each share more valuable. This is ultimately reflected in share prices.

The stock of an average company announcing a repurchase plan will beat the market.

Makes sense, doesn't it? After all, when a company buys back their own stock, it's an enormous vote of confidence by those who know it best - senior executives.

But, those executives aren't talking. They keep their plans, tactics, and research behind closed doors. The only indicator of their well-founded optimism is a stock buyback. It's a powerful indicator that no serious investor should ignore.

In the last 10 years (up to 2001), if you had invested $10,000 in a typical SP 500 portfolio, your investment would have grown to $67,917. But that same $10,000 invested exclusively in value buyback stocks would have grown to $130,254 - nearly $70,000 more in profits!

Buybacks are announced almost on a daily basis in the financial section of national newspapers. All you have to do is unearth them and voila!

DOW DOGS BEAT THE DOW OR ANY INDEX

One of the most common yardsticks used to measure stock performance in the U. S. is the Dow Jones Industrial Average (DJIA); the goal of many professional money managers is to meet or beat the performance of the Dow - the world's most popular market gauge - and, yet, as dull as a car's odometer, but still a good barometer. It includes only 30 stocks and is weighted by stock prices, rather than market capitalization.

The Dow is the number that daily measures the market for Main Street. It is referred to as the benchmark of the U. S. market. It carries a lot of weight with traders who consider its 30 blue-chip stocks the ultimate bellwethers of the U. S. economy. There have only been 16 changes to its composition in the past 20 years, and there were no changes at all between 1959 and 1976. Talk about stability.

According to Mr. Dow - market strategist Charles Chuck Kadlec - the Dow will advance at an 11.1% annual rate long term, which means it would double three times in less than 20 years. Just by way of comparison, Warren Buffett - the Wizard of Omaha - believes returns during the next decade or two will average about 7% a year after inflation and frictional cost such as trading fees.

The DJIA is an average of the prices of 30 major companies whose stocks are listed on the New York Stock Exchange. The Dow uses a weighted number that takes into account stock splits and dividends when determining the indexs movement.

There is an investment strategy that historically has outperformed the Dow Jones Average more often than not.

List all 30 stocks included in the DJIA from highest to lowest in terms of dividend yield.

Select the 10 stocks with the highest dividend yield, and invest an equal amount on money in each. Youve just bought some of the biggest and most well-established corporations in the world at a value price.

Repeat the process each year at a set time. Adjust the stocks in your portfolio as necessary, making sure that the stocks included in the portfolio have the highest dividend relative to their prices.

History has shown the 10 highest dividend-yielding stocks have typically provided investors with above-average total returns. In fact, this strategy has outperformed the DJIA 14 of the past 20 years.

This strategy is so successful because the companies listed on the Dow are well-established and financially sound. This gives them stability and staying power even during economic downturns. The 10 highest-yielding stocks are typically companies that have been temporarily undervalued by the marketplace. Therefore, when these companies rebound, they are likely to provide you with an above-average total return. The strategy buys equity stocks that are out of favour. This “contrarian” discipline has historically yielded above-average returns for equity investors.

It appears this strategy will work with other indices as well. If youre considering investing in Canadian or other markets, this strategy provides a simple way to add global diversification to your portfolio.

Window dressing is a term used to describe the process whereby mutual fund portfolio managers sell the bad or unpopular stocks in their portfolios at the end of their reporting quarters in order to buy stocks that have performed well in that same period. They do so because they must provide shareholders with reports of stocks they own on the last day of the quarter. By buying the best performers, they seduce shareholders into thinking that they have owned the best stocks all along. Boo hiss.

As you can appreciate, this trickery tends to create selling pressure in underperforming stocks and buying pressure in outperforming stocks going into the last week of every quarter. Knowing this, short-term traders who short the biggest losers and go long the biggest winners of the quarter earn nice quick profits.

What happens in January is generally seen as a precursor to the strength or weakness of the stock market during the remainder of the year. Small caps tend to do well in January. The first three trading days of January are almost always up, even in a bad year.

The January Effect is associated with a tendency for stocks, particularly those of small firms, to rally in the first two weeks of the year. This phenomenon is generally associated with December/January portfolio adjustments or window dressing by fund managers.

RULES TO PICK STOCKS BY

Smaller caps are suitable for patient investors with a long-term horizon. They tend to outperform their bigger cap counterparts over the long haul. From a trading perspective, lack of investor enthusiasm for smaller caps translates into lack of liquidity in these stocks. Consequently, you get significant gaps between the bid and the ask, and it's not always easy to sell your stock at the price you want. Small-cap stocks are risky and volatile.

If you're a day trader, you are primarily interested in EPS, volatility, volume, and good trading technique. You will find more on these at the following pages of our Web site: tradingsmarts/stocks. htm. and tradingsmarts/tips. htm .

I'LL LET YOU IN ON A LITTLE SECRET .

Profits are STILL the KEY to stock market fortunes!

RULES TO PICK BONDS BY

When you buy bonds, the single most important thing to consider is inflation. Benign inflation trends favour the maintenance of low long-term interest rates, which in 2001 dropped to the lowest point in three decades.

Stock prices usually fall on the announcement of a convertible debenture issue because investors buy the debenture and short the underlying shares, putting downward pressure on the stock price.

THE 10 PERCENT RULES

Did you know that 90 percent of all stock shares are owned by 10 percent of the people. Find out how you can join that 10 percent in my book HOW TO TRADE LIKE A PRO IN ONE HOUR . It is available to you now if you go to tradingsmarts/order. htm. Get inside the heads of the world's most successful traders, and find out how even the smallest traders can benefit from the investing patterns of the richest folks.

THE BUY, SELL ADAGE. BUY THE SNOW, SELL THE SUN

Buy when it snows, sell when it goes. Over the past 50 years, you would have profited immensely by buying at the beginning of November and selling at the end of April. Traders traditionally gobble up more than just turkey between U. S. Thanksgiving and Christmas, with the market up 88 percent of the time.

JUST CALL ME BABE RUTH

Baseball coaches tell their players that hitting for power alone is the surest way to strike out. Not every fastball is going to be driven over the fence. The focus should not be home runs. It should be singles and doubles. In trading, as in baseball, the focus should be on incremental gains, not going for the gusto.

In addition to stock market investing basics and stock market successful trading strategies, we have kept the best to the last for you. Whether you trade commodities, currencies, markets, or stocks, it doesn't really matter. We have the secrets of the pros waiting for you at tradingsmarts/bigdogs. htm. Or, better yet, don't hesitate. Run, don't walk, and get a copy of my book right now at tradingsmarts/order. htm.

Big Dogs Exposed

Sound familiar ? You have spent years surfing the 'Net, and studying books and charts in search of commodity trading rules, a currency trading strategy, or stock market successful trading strategies. All you really want is the 'Holy Grail' of entry techniques. You usually end up adding one indicator on top of another, switching from one guru to the next, until you are so confused and unsure of your entry system that you are unable to make entry decisions and stay organized. You get so distracted and frustrated that you quit watching the markets all together!

Shows you how FAST you can make money when the BIG DOGS make their move - by shamelessly copying this winning group. Even I am STILL surprised by how much power they have over ALL markets - not just commodities futures, currencies, and stocks.

When it comes to commodity trading rules, a currency trading strategy, or stock market successful trading strategies, you will find a whole lot more in my internationally acclaimed book.

With a few simple mouse clicks.

Free unlimited personal consultation with each purchase

No-Games, No-Strings Money Back Guarantee

How To Make A Full-Time Income Trading Less Than Part Time

The Stochastic Oscillating Indicator

The stochastic oscillator is not a normalized relative strength indicator, like most other momentum oscillators. It compares the price of a tradable to its price range over a period of time. It tells you where the current closing price is relative to the recent range of the tradable.

I didn't include a chart with this descriptive narrative, as I merely wanted to stress the proper use of this particular indicator.

The most important thing to note about this indicator is the original intention behind it. Originally, George Lane, its creator, opined that divergence was the only valid signal on which to trade . As Lane first presented stochastics, a valid signal occurred only when a divergence between price and stochastics was followed by a crossing of the %K and %D lines. Please get this concept down, as you need to use this indictor as it was originally designed. I can admit to using it improperly, until I came across the above description of its intended use by its originator.

First introduced by George Lane in the 1970s, the stochastic oscillator was designed to indicate when a market becomes overbought or oversold within a trading range. The indicator produces readings between zero and 100. As initially proposed, readings over 70 indicate an overbought market. The term overbought describes a situation in which the market has run up quickly due to an influx of buyers. Eventually, the market reaches a price level high enough that traders feel uncomfortable buying. Then, as sellers enter the market to take profits, prices start to fall.

That decline may be short-lived, and an upward trend might resume, or the recent peak might represent a top and much lower prices might be ahead. In that case, a move below 30 indicates an oversold situation. The expectations of a rally after reaching oversold levels are based on the same circumstances as the overbought, except the conditions are reversed; it is a situation in which the market falls precipitously due to an influx of sellers. All of this is viewed as the normal ebb and flow of the market as it moves from one extreme to another.

Market peaks and bottoms are coincident with readings of above the 70 to 80 level for the market tops, and below the 20 to 30 level for the bottoms.

The stochastic indicator is made up of two lines: The red solid %K line, the faster line, uses a five-day range with no slowing. The blue broken %D (signal) line, the slower line, is a three-day simple moving average of %K, the faster line. The two black horizontal lines at values 80 and 20 identify overbought and oversold levels.

HOW IT WORKS

Stochastics is based on the relative position of a security's closing price within the trading range during past periods. Generally, during a market downtrend, the closing price tends to be at the low end of the trading range over a selected period. Conversely, during uptrends, the close tends to be at the upper end of the trading range.

The relative position of the close in the range during market transitions is also significant. As a market nears the end of a downtrend and is reversing, closing prices shift from the lower part of the range to the higher part of the range.

The reverse is true at market tops. The close shifts from the upper part of the range to the lower. Stochastics measures and represents this relationship between the close and the range.

Originally, Lane opined that divergence was the only valid signal on which to trade . Two other criteria were used to confirm divergence, or as a warning that an important signal was near. They were: the position of the lines relative to each other, and the lines relative to specific levels (80 and 20). As Lane first presented stochastics, a valid signal occurred only when a divergence between price and stochastics was followed by a crossing of the %K and %D lines.

HOW DIVERGENCE WORKS

Divergences reveal much about price movements. When prices continue moving up, but the stochastic oscillator doesn't, this is called a negative divergence. When you see happen, it usually means that a downtrend in prices is likely to take place. Likewise, when prices are moving down, but the stochastic oscillator doesn't follow price movement, it usually means that prices will rise.

By now, you should realize that the stochastic oscillator is useful in identifying oversold and overbought levels, and in determining turning points in prices. The value of this oscillator obviously changes from trading session to trading session, thereby issuing false signals at times. Accordingly, this oscillator should be used in conjunction with other indicators.

Sound familiar ? You have spent years surfing the 'Net, and studying books and charts in search of commodity trading rules, a currency trading strategy, or stock market successful trading strategies. All you really want is the 'Holy Grail' of entry techniques. You usually end up adding one indicator on top of another, switching from one guru to the next, until you are so confused and unsure of your entry system that you are unable to make entry decisions and stay organized. You get so distracted and frustrated that you quit watching the markets all together!

Shows you how FAST you can make money when the BIG DOGS make their move - by shamelessly copying this winning group. Even I am STILL surprised by how much power they have over ALL markets - not just commodities futures, currencies, and stocks.

When it comes to commodity trading rules, a currency trading strategy, or stock market successful trading strategies, you will find a whole lot more in my internationally acclaimed book.

With a few simple mouse clicks.

Free unlimited personal consultation with each purchase

No-Games, No-Strings Money Back Guarantee

Over 76% of our customers have been trading four years or more. Almost 24% have been at it for over 20. Even experienced traders know they have more to learn. No matter what market you're in, whether your preference is commodities, currencies, futures, options, stocks, mutual funds, intraday or inter-day, whether you're a beginner who needs a concrete plan or a seasoned trader, or simply looking for information on how to use commitments of traders data, you've come to the right place. Most traders who come to us just want to know how to trade commodities futures, currencies, and stocks against the 'dumb money,' and.

How To Make A Full-Time Income Trading Less Than Part Time