RE- Trading Strategy (Phase II – FINAL) + Reminder
ChartPoppers Newsletter Newsletter
TRADING REMINDER: TUESDAY, MAY 28, 2013 Over the weekend I will be giving you all the details about our next trading idea. Make sure you take the time to review all of the information.
Unlike many trading ideas I show you, which are day trades, this upcoming trading alert is positioned (in my opinion) as a intermediate play meaning a 3 month min. hold. You won`t need to worry about day trading this next idea, but it`s still positioned at a PPS that is super appealing, and could very easily see 100%+ gains very soon.
There`s one more twist to this next play, but I`ll save that for the full report that I send you over the weekend! Now, let`s go over Phase II of the simple, yet effective, trading strategy I went over with you the other day.
This part of the strategy focuses more on the mental aspect of trading, which is equally, if not more, important! Too many times I see traders make 2 very specific mistakes! 1) They get greedy 2) They get scared Fear and greed have always ruled the markets, and it`s time for you to get focused and ready to trade. Here`s your laundry list you need to hammer into your brain.
Follow these 4 rules, and you`re sure to be a more successful, profitable trader.
RULE #1 – NEVER play with money you are not prepared to lose 100% of (This is not to say that you will, and if you follow the steps from Phase I of this trading strategy, it virtually eliminates the possibility of this happening, but I want your head to be in the right place – That`s the point of this rule) RULE #2 – Leave emotion at the door! – – If you get emotional about any trades that you make, you will probably make irrational decisions, and these irrational decisions will lose you money, it`s just that simple! RULE #3 – NEVER get too greedy! I was in a trade once, a highly volatile trade, and it went up 90% the first day I picked it up. My greed, and ego, got in the way and I convinced myself I wanted a 100% gain. The stock ended up plummeting so fast that I lost nearly half my original investment, when I should have just taken the gain I very easily could have gotten out with. A gain is a gain no matter what, and you`re going to follow the momentum, and get out THE SECOND it looks like, or starts to turn. (See Phase I about suppost/resistance using your Level 2 system) RULE #4 – Don`t let fear govern your trades. Many stocks have what I like to call flux. Flux is the bounce range it jumps around in.
If you don`t allow some trades to bounce around a little, you`ll end up selling at a loss on many trades, when all you really needed to do was pay close attention to the actual market for that given stock. (Support and Resistance being a key element + Hype + News).
That`s it, I told you it was simple. Many people like to make trading stocks look like some sort of magical formula reserved for the genius` of the world, but it`s really not that hard. It takes practice, and diligence, but all in all if you get your head in the right place, and stick to your trading guidelines, it`s really not that difficult to make an extremely generous living day trading stocks.Keep an eye out for some emails from me this weekend, I have something for you that is going to generate you pure profits! Trade well my friends, I`ll be in touch soon! This newsletter is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. chartpoppers is a wholly subsidiary of Allan James Group, Inc. (“AJG”) While AJG has not been compensated for the distribution of this particular email, any future email regarding a specific company will be the result of an advertising and promotional campaign for which AJG receives compensation. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this newsletter as the basis for any investment decision. AJG does not hold a position in the covered company. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a real licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.
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