Tired of the inconsistencies of your trading results?
Are you ready to turn your trading around today?
The seven enigmatic strategies outlined in this straightforward book can meteorically improve your odds of keeping your profits and not giving them back to the market.
There are good traders out there, BUT there are great ones too.
The difference between good trader and great trader is one thing: Consistency.
The majority of good traders can make money, but cannot find a way to do it in daily basis.
We want to be great traders. Don't settle for "good enough".
Good traders might make good returns here and there, but no one can rely on their results.
Making 10-15% only to lose 20-25% the week after is a symptom of good traders.
Great traders find ways to be profitable in the market with CONSISTENCY.
Real traders refuse to be "one stock wonder", who can make 5% today but then lose 20% the next day.
How this book benefits you?
Trading is a vicious game. And not sure if you realize this or not, but we are Davids trading against Goliaths of institutional traders, High Frequency Trading computers, and giant fund or hedge managers.
That fact alone requires us to exploit the smallest edge we could possibly have. This book will give you an extra edge you need to be a consistently profitable trader.
Regardless you are day trading, swing trading, Forex trading, futures trading, commodity trading, stock trading, options trading, or bond trading, this book will add values to your trading strategies.
What you'll learn?
1) How you can pick better trading opportunities by asking the right questions. Sounds simple, yet there is a reason this Chinese proverb exists "He who asks a question remains a fool for five minutes. He who does not ask remains a fool forever.
2) Objectivity and Selectivity: How you can make more money by looking at stocks or other instruments the correct way. This was how Jesse Livermore made his millions during the Great Depression.
3) Practical Application: How you can apply it on your trading / investing. This book discusses real life examples (i.e.:Tesla and the college student) and the art of trade execution. Analysis alone won't be enough!
4) Calm. Collected, Sane: If you have made then lost money in the market, let the seven principles guide your action in the market and solve the "puzzle of inconsistency"
Are you really doing what it takes to be a consistently profitable investor or trader, or just talking about it?
If you haven’t already, get the FREE course Zero to Trading: How to Double Your Trading Skills in 3 Days from http://Zero2Trading.com/free-course
The course consists of secret basic sauces of what make traders consistently profitable.
Don’t Leave Your Trading or Investing to Chances…
…because than frankly, you just gamble your money away. Might as well go to Vegas. More fun.
Trading is a respectful profession that requires commitment, determination, and persistence. The trading learning curve also requires your time, energy, and capital.
So in the end, we all can be CONSISTENTLY PROFITABLE investors and traders.
Download or BORROW the book and boost your trading today. For the complete system, check out http://Zero2Trading.com
HUSH-HUSH TRADING INSIGHT #1
A Person can be Smart, but People are Generally Stupid
“The stock market is never obvious. It is designed to fool most of the people, most of the time.”
Jesse Livermore
The fact that you are reading this book shows that you are an aspiring speculator, an experienced speculator, or someone who is looking to get back into the game of speculation, hopefully not because you were previously being slapped hard by the Mother Market.
In any case, unless yesterday was your first day in the market, you know how it feels to lose money.
You know that feeling when the stock (or any security for that matter) you were holding teased you by going up a little before going down much more at a faster speed than you could have imagined.
Then you were faced with a decision. Let go and admit that you were wrong, or continue to hold on and hope the price will bounce soon.
Well, in this book, we will learn about the ONE question that matters along with ONE cardinal sin of trading that is actually committed by millions of investors and traders every day.
That ONE Question that Matters in Speculation
“GOOD traders think about markets before they place their trades. GREAT traders do that – and they think about their thinking. This makes their trading more intentional, more controlled, and ultimately, more rule-governed.”
Brett Steenbarger, Trading Psychologist
“Which stock is hot right now?”
“What did Jim Cramer say yesterday about Facebook stock?”
“How much Apple stock with go up after iPhone 6 was released?”
“When will oil price bounce back?”
I promise you that, at one point of your life, you will hear the questions above, or the variations of them, either asked to you, asked around you, or asked by you.
This will occur even if you are not in on the lookout of for a good stock to invest in, or even if you do not have any interest in this crazy area called speculation.
Speculation is part of our society’s habit and, dare I say, culture.
It went goes all the way back to 1867, when the stock ticker appeared for the first time. It was not until 1920, the decade when Jesse Livermore (some would say he is the Father of Momentum Trading) made millions, that the stock speculation industry took off.
In the present day, stock speculation, or “investment”, has grown on the people everywhere around the globe.
TV shows, magazines, and talk shows are made exclusively for discussing opinions and analysis in this area. Check out The Mad Money, The Wall Street Warriors, Squawk Box, or Fast Money on Bloomberg TV, CNBC, and many more.
It is amazing to think about this actually. It is impressive how the world has made the speculation industry full of personalities and drama, while the correct way to speculate, whether in equities, futures, or commodities, is to minimize the emotions involved in the process.
Emotions kill logic. Emotions make the opinions of the so-called experts and analysts in those TV shows sound like Moses’ words. More importantly, emotions make average speculators into followers. As the result of their ignorance, average speculators will go “ALL-IN” with all their hard-earned money following the recommendation or advice of some expert or analyst.
Moreover, what seems unethical to me is the fact that those analysts actually put their money in a balanced-risk or fixed income mutual fund instead of putting their money where their mouths were.
The single phrase that always ticks me every time I hear it: “But this guy, or that guy, or the analysts in CNBC said…”
It is ignorance at its best.
“I believe that the public wants to be led, to be instructed, to be told what to do. They want reassurance. They will always move en masse, a mob, a herd, a group, because people want the safety of human company. They are afraid to stand alone because they want to be safely included within the herd, not to be the lone calf standing on the desolate, dangerous, wolf-patrolled prairie of contrary opinion.”
Jesse Livermore
Nothing worth doing is easy, yet many speculators think they know the direction of Apple stock or when the oil price will bounce just by reading and listening to the analysts and so-called experts.
Speculators are required to do the homework to find sectors and individual instruments that fit their personalities and match their risk tolerance the most.
Warren Buffet made billions by buying undervalued stocks. He purchased the stocks when they were cheap and reaped the benefits when the real values were finally realized.
On the other side of the coin, Dan Zanger turned $10,000 into $1 million by buying momentum stocks. He only bought stocks when they were making new highs by breaking out of previous consolidation (more about that later). He rode the trend while it lasted and, unlike Buffet, Zanger did not hold his investment for a long period of time.
The four questions you read in the beginning of this chapter are NOT the correct questions to ask. They are the questions that were asked by lazy speculators in the past who refused to do the adequate research and, instead, put their money blindly in the mercy of the market.
To me it is no different than going to Las Vegas and throwing the money on the roulette table.
The question you need to ask actually does not involve Jim Crammer, Warren Buffet, George Soros, or any legendary traders and investors out there.
Leave alone all those CNBC, Bloomberg, or other media analysts whose jobs, sometimes, were to create stories and dramas overhyping the market (it feels like it, truly).
The one question you ask should involve YOURSELF. Why? Because people are stupid generally. There is a certain form of social pressure, as well as a willingness to be led (or told what to do), when it comes to the world of investing and trading.
It seems that people lose trust on their own capabilities to make their own judgement when it comes to good stocks to own.
Too many people invest or trade some stocks simply because they have listened to the analysts, to the investing newsletter they subscribe to, to the neighbors they talk with over the weekend, and more.
Have you ever asked yourself this question?
Am I an Investor, or Am I a Trader?
And that, ladies and gentlemen, is the single most important question in stock speculation.
“Investing is the intersection of economics and psychology.”
Seth Klarman
The question puts the responsibility back on us, instead of on others’ opinion.
In the world of speculation, it is the right thing to do. Learn how to trade or invest, start small, lose some money (and you WILL lose money), go back to the charts and learn from your mistakes, try again and lose less money, go back to the studying room and see what you do wrong, trade again and breakeven, re-study your trades, make small money, and eventually, make enough/big money.
Notice there is no “watch CNBC or Bloomberg” there!
An active trader, Steve's high interests include the world's stock market (he trades only US market though), investment strategies, personal finance, money management, entrepreneurship, vagabond lifestyle, gin & tonic, Texas Hold'em Poker, Manchester United, and NBA games.
If you are interested in investing or trading, book your FREE course now at http://Zero2Trading.com/free-trading-course
Or maybe, take a short, 13-question test to find out your risk tolerance profile. Get the test FREE of charge at http://Zero2Trading.com/your-risk-profile
He always holds on to the Warren Buffet's mantra: "Diversification is a protection against ignorance" and thus, Steve does not invest much in mutual fund anymore. Instead, his focus switch to diversification based on asset classes, such as properties and businesses.
Steve's primary asset, however, is his trading knowledge.
He trades the US Equity actively. When trading, Steve focuses on trending and momentum stocks. After wasting close to $13,000 in commission during Steve's early years trading, he trades only liquid stocks nowadays. His main method is scanning 250 stocks every night to find out the potential opportunities the next day. He then looks for the best setups that would allow him to go for the maximum profits.
It took him exactly five years to be a consistently profitable trader.
He started to write some books, which have become best-selling in Amazon's Business, Investing, Finance, and Education categories, while building his online business at the same time.
When he is not working on his new business, writing, or trading, he can be found reading books about business and money, drinking coffee and/or a little bit of alcohol, traveling, playing basketball or football, watching sports, working out, and hanging out with his old and new buddies.
Steve believes in leaving a legacy will make this world a better, richer, and more peaceful place to live.
If you are interested in investing or trading, book your FREE course now at http://Zero2Trading.com/free-trading-course
Or maybe, take a short, 13-question test to find out your risk tolerance profile. Get the test FREE of charge at http://Zero2Trading.com/your-risk-profile
He always holds on to the Warren Buffet's mantra: "Diversification is a protection against ignorance" and thus, Steve does not invest much in mutual fund anymore. Instead, his focus switch to diversification based on asset classes, such as properties and businesses.
Steve's primary asset, however, is his trading knowledge.
He trades the US Equity actively. When trading, Steve focuses on trending and momentum stocks. After wasting close to $13,000 in commission during Steve's early years trading, he trades only liquid stocks nowadays. His main method is scanning 250 stocks every night to find out the potential opportunities the next day. He then looks for the best setups that would allow him to go for the maximum profits.
It took him exactly five years to be a consistently profitable trader.
He started to write some books, which have become best-selling in Amazon's Business, Investing, Finance, and Education categories, while building his online business at the same time.
When he is not working on his new business, writing, or trading, he can be found reading books about business and money, drinking coffee and/or a little bit of alcohol, traveling, playing basketball or football, watching sports, working out, and hanging out with his old and new buddies.
Steve believes in leaving a legacy will make this world a better, richer, and more peaceful place to live.
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