Start learning about stock market and option market trading
Where to start you
stock and option trading?
That depends on what
you already know or don't know. That's what this site and coaching is
Stock and options trading requires knowledge, skills, and
discipline. How have all those books, CDs, & videos helped you so
far? I can tell you this: the books, CDs, etc., are all useful,
indeed necessary, for you to see the many things that make up the
mechanics and dynamics of the market and moves price; but it is not
what will teach you to trade. It's all part of what you need, but it
isn't the secret ingredient. That ingredient comes with appreciating and
applying what you've just read or studied in relation to what you
see in the real market
YOU CAN READ AND STUDY WEBSITES, BOOKS, CDs, FOR A LONG, LONG TIME
AND STILL KNOW LITTLE ABOUT TRADING. YOU WILL STILL NEED A COACH.
THAT'S A FACT OF TRADING.
Stock market charts are dynamic, fluid, morphing, living things that
upon observation you can "see" human behavior therein. That's where
you're going to start-- understanding that it's all about human
behavior. We're talking about trading here, not investing. So
stop thinking like an investor if you want to trade.
That's what books, CDs, videos can't teach you that a
trading coach will.
Stop worrying about
what the market might do, and learn to trade what the market is doing. Learn what
to do in
order not to lose money, and you begin to learn what
to do in order to win. You
Where to start your
stock and option trading. First,
let's not quit our day job.
If you plan properly though, you may slide into this business of stock
and option trading for a living over time. Give it a good while.
You need to experience up, down, and sideway markets. You need to be
able to prove consistency under those different conditions.
Be reasonable in your expectations. I
will show you how you can do that without you losing your mind or a lot
of money. Does that sound reasonable? Secondly, decide now
if you want to make money, or if your fear of losing money is stopping
you from participating. Your desire to make money must be greater
than your fear of losing money.
Call 772-663-8358 or email your
If you opened a business, any business, you would want to know something
about the environment,
i.e., your market, your odds, your competition, etc... Is opening a
business taking a risk? Of course it is. Stock trading is a business.
You're going to be in a business where money, the commodity you will be
working with, is sometimes cash and at other times it will be in stocks
or options or futures or all of them simultaneously. Money is your
inventory, but unlike any other business where we want to unload
inventory, here we want it to pile up.
As business, some days or weeks are going to be better than others.
If you opened a restaurant and no one came in you would still have
overhead - that is a loss. So, we know that as a business there will be
good days and bad. The net result at the end of the week or month is
what matters most. Were you, your business, profitable or not?
Accept losses as just a bad day at the business. There is no one on this planet who can tell you what will happen in the markets tomorrow or the next minute for that matter. There are simply too many variables, too many participants reacting to changes in those variables to make an
absolute prediction, therefore losses are inevitable.
What you will learn is how to put as many of those positive variables on your
side, thereby putting the odds in your favor, and thus trade with
can protect against losses, but we can't elliminate them, and you will
learn how to protect your money.
are two sides to a trade, a buyer buys at the ASK price and a seller
sells at the BID price. Did you ever consider that you are buying a
stock thinking the price is going up but you're buying it from someone
who obviously thinks it's going down, otherwise he/she wouldn't sell it,
would they? That's what trading is all about, perception and human
Welcome to the fear
and greed of
the market. You need market risk, which is actually opportunity, and
you must accept the risk. You must be in the market to be able to
participate in the big moves. For every bull there is a bear and vice
versa. That's what makes the risk (along with a dozen or so other
variables) and therefore the marketplace.
Understanding that this is a business, where do we find a stock to
trade? We will use two classic approaches, the Top
the Bottom Up approach.
And these approaches will bring us to a complete action picture
as show below:
You have already started by your association with a trading coach.
You'll use your broker's software,
Note: If you are just getting involved
in the markets you will feel, at some point, like there is just an
overwhelming amount of material to know before you trade. The
amount of information out there is endless. However, there
is a difference between what you actually need to know in order to trade
and all the 'background noise' available to you in the markets. Just
don't panic, you can learn this. The way you learn
it is to follow the instructions and allow things to fall in place.
In its simplest terms you can trade using only the charts. My
perspective is that the charts are affected by the market
you plan to trade in.
1. Determine your True
Is this capital you can truly afford to place at risk? It is
preferable to start with less and have a greater comfort level than to
commit too much right away and be uneasy from the start.
2. Determine your
trading style. Become familiar with common styles, day trader,
swing trader, buy and hold, aggressive, conservative, and determine your
focus timeframe and style. How much time can you devote to
trading? How patient are you? Let
this process evolverather
than dictating to yourself in advance of practical experience. You
will find a style that fits over time.
3. Acquire a solid
trading foundation. You have taken this step already.
4. Learn specific tactics. This course includes a multitude of
advanced tactics with examples taken from the market itself.
5. Learn how to read
the market internals.
Learning how to read the market indexes and market internals like a
professional helps you avoid being one of the herd, and assists in
anticipating potential market moves yet to come.
6. Know how to prepare. Upon finishing this material, you will
be equipped not only with countless tactics but with suggested
routines to help you prepare for the market long before the opening
Learning by paper trading before ever committing real funds is
essential. Keep a log of your paper trades. Until
consistency and a positive expectancy is developed, it is best to stick
with paper trading.
8. Have patience!
The knowledge and information contained in these pages is enormous, so
you should not expect to be able to apply this knowledge in a day, week
or month. Like anything worthwhile, it does take time to learn and
9. The most
effective way to manage the risk associated with margined trading is to
diligently follow a disciplined
that consistently utilizes stop and limit orders. Devise and
adhere to a system where your controls kick in when emotion might
otherwise take over.
10. Now we are
ready to start looking specifically for something to trade, either the
stock, an option, a futures contract, and we will use the Top
Down Approach or Bottom
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