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It's Time To Start Trading!
Using OUR CONCEPT set out in our e-book (we
developed from the e-Books on this website) will help us
cut our losses short ... and let our profits run ... with clear
accurate, buy/sell signals and intelligent stops.
The number one reason why traders fail is that they don't
know when to get out of a losing trade. The number two
reason is that fear makes them abandon winning
positions too early ... and not let their profits ride.
Replacing emotion with discipline makes us a more
successful trader.
Many times people do not think rationally when their
money is involved.
The Secret to Building Great Wealth ...
Find the strategy that fits your needs,
goals and comfort zone.
"Your future depends on many
things, but mostly on you."
Frank Tyger
"What would life be like if we had no
courage to attempt anything."
Vincent Van Gogh
Monthly Cash Flow in "The World's Most Perfect Business Trading
Index Futures" beginning with the E-Mini S&P, E-Mini Nasdaq and
Single Stock Futures using the KISS Formula. Keep it simple trade
the Bulls... You could use "Trading the 10 O'Clock Bulls" day
trading the QQQQ or the e-Mini S&P and not have to scan for
stocks. You could use the QQQQ for one side of your spread and
a Single Stock Future on the other side to hit a grand slam home
run. And one or two of these per week could make you a multi-
millionaire. (But market timing has to be right.) You could use the
IBD to select the Stock and the SSF will mirror the stock it is
derived from minus any dividends. I prefer the e-Minis ...
And when you are day trading you will find swing trades that will
sometimes turn out to be a position trade.
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You can use the concept in "Trading the 10 O'Clock Bulls
listed below to trade the E-Minis by adding Pivot Points which
is listed here. Please click to access it.
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"Me the Money" is for you to preserve your capital
and to help us preserve the enjoyment of the land
for current and future generations. Please go to
Land Trust to see the many things we are attempting
to do. You can help by sponsoring an ad about your
business on our website or by making a donation.
Thank you for visiting our website and please pass
our site address on to others. Word of mouth is the
best form of information distribution.
A trading plan is an organized approach to executing a
trade strategy that you've developed based on your
market analysis and outlook. And "10 O'Clock Bulls
covers this very well. I like this statement: that trading
without an organized plan is like flying an airplane
blindfolded --- you may be able to get off the ground but
how will you land? Traders who follow a disciplined
approach are the ones who survive year after year and
market cycle after market cycle.
Determine position size: How large a position will you
take for each trade strategy? (No more than 5-10% of
your investment dollars ... in any one position.) Position
size is half the equation for determining how much
money is at stake in each trade.
Decide where to enter the position: Exactly where will
you try to open the desired position? What happens if
your entry level is not reached? (I do not trade that day.)
But you can verify my position by looking at the Charts
to see what the trade is doing and reach your own
conclusion.
Setting stop loss and take profit levels: Exactly where
will you exit the position, both if it's a winning position
(take profit) and if it's a losing position (stop loss)?
Stop-loss and take-profit levels are the second half of the
equation that determines how much money is at stake in
each trade.
I use a KISS FORMULA I adapted from the floor traders
Pivot Formula that works about 35% to 70% of the time.
Each new idea traded at the ideal time has one-third the
risk compared to the profit potential. You are going to
lose in a fair number of trades. No trader is right all of the
time. Taking losses is as much a part of the routine as
taking profits. You can still be successful over time with
a solid risk management plan.