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If you’re a guy don’t be offended by this. When it comes technical analysis or trend trading I have usually found this to be surprisingly true.
First, women tend to admit their mistakes quicker and easier than men .. generally speaking. I know, I don’t know your wife. Confronted with the same losses under similar circumstances men tend to blame their fund managers incompetence or market irregularities before they suck it up and admit to their own mistakes. Women generally speaking aren’t typically like that.
Again, I know your wife and girlfriend are exceptions here. But I’m speaking in general terms here.
Having said that, just realize that if you can’t admit when you’re wrong and the trade is working against you, then you’re tempted to move your stop…and doing so will inevitably blow up your account.
Next, women learn better than men. They’re better able to adjust to learn new tasks…generally speaking. My wife can learn a lot of stuff faster than I can. Of course I realize that we all have or own strengths but we need to learn that we all have to be teachable traders when it comes to learning a trading system, money managing skills, position sizing, patience, etc.
If you don’t LEARN how to fix a common problem you will frequently make the same mistake.
The last characteristic that makes women better traders: Pride or the lack thereof. Do you have a good pride in your trading or do you think you’re a god to the markets? “That’s blasphemous!”, I hear you say. But when you have a winning streak does pride often cause you to start doubling your trades. That’s a symptom…
Conversely, an account busting losing streak happens and you react accordingly. Even though you may have stuck to every every technical consideration that your trading system calls for and completed the trade exactly to spec. Only to realize it still goes against you.
Welcome to the markets!
You don’t win 100% of your trades, nobody does. Deal with it and follow the system again.
If you do everything right and things turn South… Swallow your pride, let the trade hit your risk stop and yeah, you might lose your 1 or 2%. Well, that’s trading, but a good system in all probability prohibits that occurrence less often.
Having said that, I’m not exhorting all us men to trade like women, obviously not. Not the point here. The point is simply, that a.s.a.p. YOU need to think like a real trader. You know the ones that are wildly profitable. And profitable technical traders are machine-like when it comes to following a profitable system. Don’t just believe this, Do this!
As a word to the wise you can check out this ETF Trend Trading review and get this free ETF newsletter that quickly demonstrates on video as to how you can start averaging returns of 5.7% each month in less than 5-10 minutes per night.
The behemoth investment companies like Fidelity Investments will often go to great lengths to protect their vulnerable, investment strategy reliant upon: Diversification. Does it work?
Recently, Fidelity Investments headlined the following pro-diversification article: “Don’t Give Up on Diversification”. The moral of the article was a warm reminder and exhortation that even though diversifying your investments didn’t work last year don’t give up or even consider other alternative investing strategies. Doing so means you simply don’t understand it as one of the only real, time honored investment principles. Which is light years behind current stock market system approaches.
Diversification traditionally combines various asset classes that are often unique to one another thereby separating and in turn protecting a portion of assets during market draw downs while others suffer losses. In other words, as professional money managers we have to admit that we really don’t know how different asset classes are going to profit or plunge this year or next so to hedge your bets, it’s best to play it safe and spread out your investments so you don’t lose everything.
Diversifying may help you keep your wealth longer, but it won’t make you wealthy. The promise of diversity proclaims slightly smaller losses during bad market times and significant loss of gains in good times.
Problem is in recent years that theory has failed.
In the end, diversifying using buy and hold strategies has not survived in recent markets and it’s an outdated way of managing your portfolio. Its a hope and pray recipe for mediocrity at best and an overall dissatisfying return from your portfolio long term.
So, how long can you afford to let economists and financial advisers tell you what really works today? Do these guys really profit themselves? I took both macro and micro economics 101 that essentially teaches once you lose all your money, why you lost it. There isn’t anyone, not me or whoever cares about your money like you care. The earlier you are able to get educated to trade on your own the better.
THEE way to wealth is not putting your eggs in multiple baskets. It’s putting your eggs in one basket, watching it very close…just making sure you have the right basket. ETF Trend Trading system uses technical analysis trading to make sure you know what basket is right. Once you learn to simply follow the system it only takes 5-10 minutes per night to average 6% each month.
The main reason I search for repossessed boats across the U.S. and Canada for the past 8 years now is because I’ve found no other channel that produces dirt cheap boats than what I find at boat auctions. Check this out..as newer boat prices climbed in the past decade boat repossessions sold at local and regional auctions for almost 44% less.
According to YachtAuctions.net in 1998 a brand new cruiser sold for $255k on average. Just four years later that same new cruiser sold for $367kFast forward to late 2008…a new cruiser averages a whopping $465k. But get this, same cruiser sold at boat auction yard (used of course) averaged just over $250k.
But boat auctions listings aren’t exactly regularly listed in your local classifieds. You really have to look if you’re a DIY’er, but the payoff is well worth the effort. If you are able to somehow manage to get a lender to take you serious who actually have bank repo boats than you stand to potentially work out a deal as they are typically in a must sell situation to write off their “non-performing asset” as quickly as possible. Your proposed offer may not be accepted but they’re will be in most cases.
To find a repossessed boat you have to find banks who finance boats regularly and are dependable to keep you on alert of new inventory. Not as simple as you would I used to believe. As it turns out most banks already have an ongoing relationship with a auction company. For this reason I take advantage of several online auction sources namely www.BoatAuctionsDirect.com to stay ahead of any seizure or repo type auction in my area.
Be on the look out for stock trading bonus or discount offerings. Many of these package deals can cause your trading account to suffer. The question I see is, “Where can I get an ETF Trend Trading discount?” This question typically is motivated by those who simply have to get the best price prior to jumping in…which is understandable unless it keeps you in gridlock.
In terms of any ETF Trend Trading Bonus offering, system creator “Big A” will on occasion offer a bonus as an incentive to fill up the last remaining memberships each month. However, as of recent these spots are filled within the first few days of each month and then the doors shut. That’s why a bonus with this system is rare.
However, from experience I will give you fair warning about third party or any outside bonus offering. In spite of what the claims offer most of these “5 Trading Bonuses worth $997″ display a random and dated archive of ebooks and trading software gimmicks that ‘anyone can apply’. I would advise to stay clear of these. None of 3rd party affiliate bonus offerings are endorsed by ETF Trend Trading. Period. In fact they will only serve to contradict the ETF Trading Systems algorithm.
You really don’t want anything that might undermine or cause you to distrust this ETF system. I can tell you if Big A has some bonus offering that HE HAS USED and will help his students, you’ll get it and the support to make it work.
Second, any ETF Trend Trading discount offering by 3rd party sites, blogs, or email newsletters are not permitted and often times not legitimate. Be careful here. Most of these $100 rebate offerings are totally not cool, If have to contact the webmaster with your receipt…don’t believe it. Most of the time you will never see it. It’s often a quick ploy to garner your email address and other vital info. so they can keep you alert to other ‘offers’ i.e. spam.
You can easily get email alerts from ETF trend trading course creator “Big A” whenever any bonus or discount offerings become available.