I’ve had the opportunity to meet a lot of different stock trading experts during my fifteen year career as a stock trader. Most are great, but as with any profession, there are those that really give it a bad name. Sadly, they are the ones that can greatly disappoint a new stock trader and turn them off from the profession forever. In the hopes of warning you away for some of the slime before you go through what I did, here are a few of my experiences, and a couple suggestions for avoiding the encounters yourself.

I’ll never forget my worst experience with a stock trading service, the ultimate in “slime” and an incident that changed my life. It, finally, taught me the important lesson that some people are just in it for themselves, regardless of who they hurt along the way. It also made clear to me that I would have to be different than that, and cemented my personal creed that if a business opportunity requires me to hurt someone else, I just pass it up.

This service, like many others, provided a daily listing of recommended stocks to buy or sell short each day. They had facts and figures backing up their statements that the stocks they recommended would perform as expected the majority of the time. I was impressed, and said “sign me up!”

But, unlike many others, this particular service had an ulterior motive I was not aware of at the start. It ended up that the key management for the stock service were suggesting buys and sells to the subscriber group for the purpose of controlling the stock price for their own profit.

Let me give you an example. First, the owners of this service would buy IBM stock through their account. Then, they would send out a recommendation to the subscriber group, telling us to buy IBM. Once their 3000 + subscribers started purchasing as recommended, the price would rise from the sales activity. When the price per share increased to a point that these slime were satisfied, they would cash in for a profit.

I couldn’t believe that this service was using its subscribers to front run their own orders. Their goal wasn’t to assist and help the subscribers as advertised, but rather to make their own profit and get out. This was not only immoral, but they were collecting monthly fees from the subscribers to make it happen!

I must admit, most stock services do not subscribe to that slimy form of business. But, less disagreeable, but more common are those that brainwash the new trader to believe that stock trading is way to risky to go it alone. But if you sign on for their monthly program (at a hefty fee, I might add), they will do all the work for you.

True, stock trading is complicated at first, until you have found a system that is right for you. However, if anyone tries to convince you that you can never gain enough knowledge to eventually go it alone, they are probably just in it for your monthly subscription fees. These types of programs are usually very plain vanilla and won’t take into account your individual risk tolerance or trading style.

Now granted, some people don’t want to bother with stock trading on their own, and are content to pay the monthly fee, be told what to trade, and be right some of the time. While the return is usually okay, I have found that finding a system that works and structuring it around your risk tolerance level will always result in higher returns and a more satisfactory trading experience.

It does take some upfront legwork to find someone to help you learn the ropes without taking control over from you. But they are out there, and you will be happy with the outcome as they will take the slime out of the field and give you the tools you need to become self sufficient at stock trading. I guarantee, you will enjoy the results for many years to come.

To read about other lessons I learned in my fifteen years as a day trader and coach, as well as tips and techniques for becoming successful at stock trading, read my free report “From Video Junkie to Day Trader,” and learn more about how you could be trading stocks profitably in as little as two weeks.

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Exposing the Slime of Stock Trading

One of the core questions my coaching clients have asked me over the past few months is: “Can I still make money in stocks with the market down like its been?” The answer is yes, or no, depending on the type of investments you have.

If you hold stocks, stock mutual funds, or your investment is in the standard asset allocation accounts the answer is probably no. This is because these investments are held in large, regulated accounts that don’t allow short stock positions. Therefore, if the market declines in the next 3-5 years, as it most likely will, your account will lose money year after year.

Short positions, however, will allow you to make money whether or not the market goes down. But you can only take advantage of short positions if you trade through an individual account.

If you trade through your individual account rather than a fund, it is possible to for you to take charge of your own investment and make money in the stock market almost every day. This is because regardless of the direction a stock is moving, you can make money, by buying if you expect it to go up, or selling short if you expect it to go down.

If it’s that easy, why isn’t everyone doing it? It does take an investment of about $25,000 to set up your individual account. Many people don’t have that kind of investment or are unwilling to risk it. And there are a lot of challenges for a new trader. If you do not know what you are doing, you can lose all your money very quickly.

There are tactics to alleviate these two concerns of the novice trader.

First, find a trading program that gives you low risk trade picks. The system I and my students use has stock pickers with an average experience level of thirty one years. So a trader can simply follow their trade recommendations and have a very high probability of realizing returns. If you remember to set your stops at a level that suits your comfort zone, you will have a maximum loss that is very small and insignificant over the course of time.

Secondly, it’s important to find a program that walks you through every step to success. For example, in my 9 day trading class the students learn every aspect of using a turnkey system that is both safe and profitable to buy and sell short stocks, so that you can make money even if the stock market goes down.

Regardless of the system you choose, if you make sure that it has experienced advisors and a program that walks you through every step of the way, you can be smiling all the way to the bank while everyone around you is moaning about the poor performing stock market.

To read about other lessons I learned in my fifteen years as a day trader and coach, as well as tips and techniques for becoming successful at stock trading, even in a bad economy, read my free report “From Video Junkie to Day Trader,” and learn more about how you could be trading stocks profitably in as little as two weeks.

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How to Make Money in a Down Stock Market

1.You will be rewarded from stock trading by keeping your trades low risk on a regular basis. Sure, you might miss out on some of those too good to be true, windfall trades that all the movies are centered around.But you will find that, over time, waiting and hoping for those godsend trades usually results in an insane loss that deteriorates the portfolio you worked so hard to build.Its more advantageous in the long run to keep your trades low risk and progressively profitable over time if you are earnest about making money at stock trading.

2.Trading does not have to take all day to be a lucrative profession.  This does not have to be a full time job.However, please don’t get the wrong impression.  I’m not suggesting another get rich with no work scheme.It takes work and commitment to master the procedures needed to accomplish success at stock trading. But, by using GAP trading effectively, I profitably trade for 2-4 hours a day, plus another hour of pre-market preparation.  In fact, I make a great income.With the right process, this success story can be yours as well. 

3.  The experiences of other successful traders who have “gone before” you can speed up your success tremendously.Don’t start from the drawing board because it will cost you a lot of money and ten or more years to make all the mistakes others have already made.It is just resourceful business sense to build on the knowledge of others.Didn’t your parents tell you “don’t reinvent the wheel”, but don’t we just turn around and do just that?  Instead, read books by successful traders, take classes, find mentors, and use the wisdom of others to make your road more pleasurable and secure. 

Stock trading is often portrayed as mysterious and hard for “regular guys” to understand.Take it from a regular guy, that idea is not correct.  With the right systems in place and a working knowledge of the basic truths of stock trading, anyone can be successful. 

To read about other lessons I learned in my fifteen years as a day trader and coach, as well as tips and techniques for becoming successful at stock trading, read my free report “From Video Junkie to Day Trader,” and learn more about how you could be trading stocks profitably in as little as two weeks. 

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Truths of Stock Trading

I’ve made a living as a Stock Trader for over 15 years, and have really learned the ins and outs of the business. But I didn’t make my start at a big brokerage firm that taught me everything through slick training course. I made it through trial and error, taking seminars and classes and learning as I go.

While my self taught training may have resulted in a slower success, I know a lot more about the real world of stock trading than a lot of those investment advisors out there who only know what their employer told them. I have learned during my career that there are a number of misconceptions that people have about stock trading. Here are three of them:

First, is the myth that only certain types of people make successful stock traders. True, those folks who can analyze stock trends and “pick” the big winners are typically left brained thinkers (more than 60%), which is probably how this myth originated.

But I have found that trading stock has something in it for every type of thinker, and the trick is to find the process that works best for you. Frankly, I would hate to sit around and analyze stocks all day, but I have made a great living trading stocks anyway. Anyone else can too.

Second, is the underlying belief that stock trading is risky, even riskier than owning your own business. It is true that people have lost everything in the stock market, and those are the stories splashed all over the headlines that tend to intimidate people from trying their hand at stock trading.

But I have learned that if you have the right process in place for setting your stops and limiting your risks to a level that you are comfortable with, it can really be a very low risk profession. For instance, I have established a process that allows me a 75% success rate at my trades, which is pretty hard to beat! I know of no other business that can give me that kind of low risk situation.

Finally, how many times have you heard that its a full time job to make consistent big money in the stock market? This is true for some types of stock trading, especially if you can’t rely on others to help pick your stocks. Then you are stuck doing the grunt and the leg work in a fast changing environment – sure that takes a lot of time.

However, it is absolutely possible to make a great career out of trading stock for 2-4 hours a day, and having the rest of your time to do what you want. You need a strategy in place that is time effective and a low enough risk to meet your comfort level. How do you find such a process? There are a lot of courses available and it can be tricky to find the one that’s right for you. I advise you to investigate several options, ask questions (if there’s no one who will answer your questions, move on…life is too short to deal with bad customer service). Head into your research knowing the right process is there for you, and you will be on your way to success at stock trading in no time.

I have written a free report describing my journey to becoming successful at trading stocks and giving useful tips I and my students have used to consistently trade profitably. Visit my site to obtain a free copy and learn more about how you could be trading stocks profitably in as little as two weeks.

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Three Myths of Stock Trading

The development and expansion of the internet has solved part of this problem in that the internet now provides timely information and resources, right at the fingertips of the individual investor.

Earnings reports, income statements, balance sheets, graphs, analyst research, and even Chief Executive Officers conferences are easy to get from the internet. Now, day traders have all the investment tools required to make their own investments.

However, for quite a few the issue still exists. Why? Because it doesn’t matter how much access you have to city insider software and databases if you don’t know how to use them. The truth of the matter is that most investors are not qualified or properly trained to interpret the use of these tools, and are therefore ill equipped to use them in making their own investment decisions.

So what could investors do? The answer is to find someone to help you help yourself. Not to purchase options and stock for you, but to get you to make the best wealth creating decsions in your own right. `

You need to become more involved, and the first step in the involvement process is education.

The experts will tell you there are a number of things to consider when trading.

First, the stock can go up and this is generally a good outcome.

Second, the stocks can fall and this is mostly an unprofitable outcome.

Third, the trade can go nowhere – which is mostly a poor outcome. It is inferior because not only could you have invested that money in options with lower risk that may have yielded a profit but you also incurred commission charges on the entry and exit which compounded your loss.

So, we see that there are three things that can happen when you take on a new stock position, and two of them are bad. Now, what if we inform you that by adopting a certain strategy correctly, you can massively increase your possibilities of success?

Rather than having two of three outcomes go wrong, you would have two of three outcomes that could go right. And, the 3rd scenario, the bad position wouldn’t be quite as bad.

It can happen by using just one of the many strategies involving teaming stocks with options. Sound attractive? Brilliant, but let’s not forget to build a robust foundation first. Click this link to learn how an Options DayTrader made $9,900 with 4 trades and also receive free reports worth hundreds of Dollars.

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How Do You Get Into The Day Trading Business?