Archive for May, 2009

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Looking For Better Trades


2009
05.31

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Posted in Trading Seminars | No Comments »

If you are searching for either Bettertrades or Better Trades the chances are that you want to find out more information about this trading seminar company, their trading coachs and their trading courses.

Some of their better known coachs are:

Darlene Nelson  
Doug Sutton  
Freddie Rick  
John White  
Markay Latimer  
Ryan Litchfield
Darlene Powell
Bob Eldridge
Dale Zamzow
Kris Nyden
Lars Jacobson

Better Trades is one of those seminar trading education companies that advertise infomercials on late night TV, I can’t really say much about the quality of the education that you will get from this company, but I can say that it could turn out to be expensive.

If you take the beginner course and then one or more of the real trading following on courses expect to be paying out thousands of dollars, plus traveling, hotel, car rental and meals expenses if you are from out of town.

If you are looking a very high quality trading education at a very low affordable price, just hundreds of dollars not thousands then you must checkout:

Click Here To View ALL Top Dog Trading Products

and also get the free 5 day video trading course

Click Here To Get Your FREE Five Day Video Trading Course

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Swing Trading Course


2009
05.30

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Posted in Swing Trading | No Comments »

A new description and review of the Top Dog Swing Trading course has been added to the blog.

This course is the latest trading product from Top Dog Trading and is really aimed at traders who want to be the best and trade like a professional, read more here:

Swing Trading Course

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The Secret To Technical Analysis


2009
05.22

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Posted in Swing Trading | No Comments »

Technical analysis of the stock market, or any other market such as Forex, futures, is how most traders and investors make their trading decisions. This is as opposed to fundamental analysis which most people more agree is pretty much done as a way of making trading decisions, unless of course you are Warren Buffet!.

You only have to think back to major stock market scams like Enron to know that it is almost impossible for the average, and even very sofisticated fund manager or hedge fund trader to really know what the real financial state of a company is.

Just by reading the balance sheet and other quaterly reports they release gives you a very limited insight into the real health of the company. Whereas the technical charts of the company tend to give the real picture of what the market thinks of the value of the company. In the case of Enron even simple technical analysis told you to SELL when the stock was in the $80-90 range, this is why technical analysis of stocks is so popular.

So what is the secret to technical analysis?, I’m about to tell you, here are my golden rules:

* Only use 3-5 simple technical analysis indicators

* Make sure that you understand how the indicators that you have selected work, what the parameter settings are and in what market conditions they are effective

* After selecting your indicators and parameter settings don’t mess with them.

The real secret to technical analysis is to get VERY familiar with your choosen indicators, and really this can only be done by watching and studying the market, so that you get to the point that you TRUST them.

The fact is that in any market, for each bar, there are only 5 pieces of information, the open, close, high, low and volume, yet there are now hundreds of indicators. Most of these indicators are displaying the same information and so are redundant.

For the record my set of indicators are:

* 4 Simple Moving Averages

* Bolinger Bands

* MACD

* Stochastics

But the way I use them is quite special, to learn more about how to become an expert at technical analysis visit:

Top Dog Trading Review

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Should You Trade Options


2009
05.20

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Posted in Swing Trading | No Comments »

There is a lot of hype surrounding options trading, and for good reason, it’s a good way make a lot of money fast, or can be used to grow your capital consistently month after month.

There’s also a lot of hype about how complicated it is to learn and why you need to spend thousands of dollars on options trading education before you get started. Needless to say this last statement usually comes from trading seminar companies trying to sell your their trading course on options.

Lets cover a few of the basics about options trading and set you straight about a few important points. Firstly yes it is true that you can make a lot of cash trading options, but of course you can also lose just as fast.

When trading stocks your leverage is 1:1, if you go full out on margin you get get 1:2 leverage, but thats about it. With options it is not as straight forward to calculate the leverage but generally speaking you can get between 1:5 and 1:10 when you buy an option on a stock, or ETF.

So with 1:10 leverage, when the stock increases by 5% your option can increase by approx 50%, and this can happen in just a few days, this is why swing trading strategies using options on stocks is so popular.

However the downside is that the reverse can happen, if the stock drops by 5% your option can also drop by 50%, at which point you may want to close the trade and save some of your option value, it really depends on what your stop loss and risk management plan is.

What I’ve just described is called directional option trading where you are betting on the getting the direction of the stock movement correct, this is highly speculative. Options can also be used in option strategies which are much more non-directional, such as covered call trades, credit spreads and Iron Condors. In these trades there is much less dependance on getting the stock direction correct, but it still matters.

So should you trades options?, in my opinion you should not do directional option trades until you become an expert stock trader 1st. This is because you really need to be very precise with your entry and exit strategy and trading plan, and be very good at technical analysis.

Whereas if you want to do non-directional option trades you don’t need to be such an experianced stock trader to be successful, but of course it does not hurt either.

Learning how to trade options is a very useful skill you have, but don’t rush into it and blow out your account. Make sure that you get a good options trading education before you start, and also make sure that you have a very solid stock trading education as well, such one from Top Dog Trading Review.

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Top Dog Trading Discount Prices


2009
05.16

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If you want to learn how to get the very lowest prices and the best discounts on all of the Top Dog Trading courses and products checkout top dog trading discounts

These are the lowest prices that you can get including any coupons or coupon codes

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The 4 Trader Types


2009
05.14

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Did you know that there are 4 mains types of trader and depending on what sort you are will determine many parts of your trading strategy and trading plan. The 4 types are: scalping, day trading, swing trading and position trading. When you determine the type of trader that you are it will also determine the time frame in which you will be making your trade. This will be a very important decision that you need to make when deciding how you want to learn to day trade.

1. Scalping Trader, if you scalp the market this means that you are only looking for a few ticks profit per trade and you may only be in the trade for a few seconds or a minute at most. trading. Some people will also call this day trading but it’s really micro day trading, buying the bid and selling the offer, it’s high speed trading and you might end up doing 10-50 trades a day. This can be quite a stressful way of trading.

2. Day Trader, the true day trader opens and closes their trade within the same trading session, usually this mean the same day, but unlike a scalper the trade may be held for a few minutes up to several hours. Usually day traders make about 2-5 trades a day and most of them will be in the 5-30 minutes range. This is a less stressful way of trading than scalping but it still requires a lot of attention and quick decision making.

3. Swing Traders, swing trading usually means that a position is held for between 1 to 5-10 days, although some swing traders may keep a trade on for longer most are within this time period. For many this is the idea way to trade because it allows you to review your trade overnight, at the very least you have several hours to make your trading decisions.

4. Position Traders, this just means that you are going to hold onto your trade for longer than 5-10 days, maybe even as long as a few months.

If you are still working out how to day trade then it may be better to go with the longer time frames as it gives you more time to think.

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Investools Tool Box


2009
05.10

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Posted in Trading Seminars | No Comments »

As a follow up to my last post I wanted to comment on the Investools Tool Box, or investortoolbox as many like to call it.

While I’m negative on the quality and expenses of the Investools trading seminars their Investool Box is quite good. It pulls together a lot of data feeds on both fundamental analysis, newsfeeds as well as providing good charts.

I like the Prophet charts that they provide with the real time data feed, useful if  want to do day trading or just monitor the intra day prices.

I’m not sure if you can gain access to the toolbox without 1st taking a seminar course

If you want to learn something new, different and “secret” about trading just checkout the special reports below:

How To Avoid Choppy Markets

How To Take Our Other People's Stops For Fun and Profit

Trading Tricks

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Investools 5 Step System


2009
05.10

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I’ve just noticed that Investools have started running their infomercials again in my area for their 5 step trading system, as a past student I thought I’d post my comments on my personel experiance with them.

I’ve done the whole system, the 5 steps and also what they call the PH.D course, and overall I have to say it was pretty average but very expensive education, and here is why:

A lot of the Investools seminars I attended, including the advanced technical analysis and advanced options, were very packed, sometimes 300-400 people in 1 giant room with 1 presenter and 1 big screen. If you did not get there at 7 am to get a “good seat” you would be on the edge or at the back with a poor view

At many of the seminars that I paid for the presenters wasted a LOT of time on trival stuff like telling jokes, showing funny pictures or videos and other rubbish like making you stand up and down and saying silly affirmations

Most of the Investools material seems to be aimed to the complete beginner or noob, even what they called “advanced seminars” always wasted the 1st 1/2 to 3/4 of the 1st day on complete beginner stuff, to call them advanced seminars was a joke

I was very disappointed when I attended a seminar on advanced techincal analysis to find that the presented did not stick to the published  agenda and decided to talk his own verson of trading so I never got the full training

Every seminar that I attended, even though I’d already paid a lot of money, contained a heavy sales pitch for more training, seminars, coaching or whatever they were pitching at the time, I think people in the sales industry call this a pitch fest!

In summary the I think the Investools trading training is very average to poor, is aimed at the complete beginner to advanced beginner, I don’t even think it reach’s tue intermediate level, and is VERY expensive.

Since then I’ve found that I could have learnt just about everything I got from Investools for vitually free, or for a few hundreds dollars on some well choosen online video courses.

Here is one of the courses that I bought after Investools for less that 1/10 the cost of one Investools seminar which has taught me more than just about everything at Investools, enjoy, it’s FREE

FREE Five Day Video Trading Course

Here are some must read trading articles from an expert trader:

Top Dog Trading’s Articles

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Trading The Bank Stress Test


2009
05.08

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Posted in Swing Trading System | No Comments »

The Bank Stress Test …Do you Believe It?

Since my return from holiday, I have been scratching my head wondering why the market (in this case the S&P) has moved so high for little or no reason. The economy still appears to be very much on the defensive with unemployment rising and the business environment still on a slippery slope.

I made this video before the stress test was announced and I suspect that all of the stress test leaks have already being discounted by the market.

My new video is a follow-up from my April 14th video that I made before I left for New Zealand. If you have a few minutes, please take the time to view it. I think you will find it interesting that my observations may conflict with current market trend.

With the Obama honeymoon coming to an end, we are going to see how the markets move without government influence. There has never been a government that was able to dodge a major business cycle… and this one sure is a doozy.

As always, the videos are available with our compliments. There is not registration required.

Watch the video below to learn how to trade the bank stress test:

Trading The Bank Stress Test

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Top Dog Trading Review Website


2009
05.08

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Posted in Swing Trading, Swing Trading Books, Swing Trading System | No Comments »

A new blog website has just been created, called Top dog Trading Review, which is focused on providing an independant review of the trading products and services from Top Dog Trading and expert trader Dr Barry Burns.

Top Dog Trading has a number of trading educational products which are aimed at providing top class trader education at a very affordable price.

The products include manuals, videos and also a monthly video subscription service which enables traders to keep up to date with the current market by a series of videos.

The blog will also allow users of the course to comment on their experiance of the trading education.

One of the features of Top dog Trading is that you can sign up for a free 5 day video trading course and learn about the high probability rubber band trade setup for which Dr Barry Burns is now famous for.

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