Master Investor Show – Trades Recommendation

Master Investor Show

I attended the master investor show on Saturday.

It was held at the business design centre in Islington. I had not been there before and found it a nice change to the larger venues like the Excel.

I also like the fact that it was held in Islington as I had not been there for years and it was nice to go back and enjoy the day.

The speech by Jim Mellon was entertaining as always and he gave some tips to watch out for that I’ll share with you in a moment.

Vince Stanzione was there also… in jeans and a trendy jacket may I add. I had a quick chat with him too.

There were a good few stands there, but my main interest for the day was chatting with the team from binary.com

Having been using the service regularly now as well as recommending it to you all, it was nice to actually meet the people behind the company.

I chatted with them in depth about all topics, and pointed out that I didn’t like their free charts as much as others that I had used. Unsurprisingly, they seemed quite alarmed by that and assured me that the free tradingview charts that they offer are used by many professional traders.

I know of Trading View, but I was under the impression that they were subscription only… But they are indeed free if you have an account at binary.com

My partner Chris is doing a quick video on how to use them that he’ll upload to my Binary Trading Members area today. If you’re not a member of my binary trading system you can join here or if you just want to use the free charts you open an account on binary and look in the shop section. You’ll see the trading view charts in there.

A free Bet for You

Also, I managed to get a free £20 bet at binary.com for my blog readers. I’m just waiting on the link . Once I get it I’ll email it out to you.

Master Investor Show Trades 

As said, Jim Mellon gave lots of advice out in his presentation but the ones that I had the most interest in are

  • Long Nikkei
  • Long MXN/USD

Beneath are some of  the slides from the show with his recommendations. You can have a look and evaluate yourselves.

Master Investor Show trades

Bear Trades

 

7 Highly Effective Trading Habits You Should Learn First.

Let Your Profit Run or Set Profit Targets?

Trading Discipline – The Art of Success

Trading Discipline

One of the hardest challenges that faces any trader is the art of staying disciplined.

 

This seemingly simple rule can be one of the most confusing and complex trait a winning trader will need to learn.

 

You see, trading discipline can be somewhat contradictory.

 

You may need the trading discipline to do nothing most of the time. Or the trading discipline to only do something once every day or any set number of times in a day or month.

 

If actually buying stock in a company, do you have the discipline to hold on to the stock for years no questions asked? Or drop it instantly and accept a loss if it starts losing money?

 

All the above scenarios are quite realistic, they are also all quite different… and all require cast iron discipline.

 

It makes little difference what style of trader you are or are trying to become; the winning traders all have the same thing in common… discipline.

 

I have seen many traders move from one type of trading system to another and another without learning the fundamentals of how to trade profitably at any time during their trading experience.

 

If I could give any advice to new traders, it is without a doubt to learn to do the same thing that works over and over again and compound profits as you go.

 

Trading Discipline  

Every trading system will have a set of rules that are designed to give you an edge in selecting a winning trade.

Once a trade is selected and opened, then the rest of the profitability is done by waiting, and compounding the results, not by using the system.

 

The system that you are using to give you an edge actually has very little to do with your wealth after that initial use [selecting and opening a trade].

 

So therefore, time and discipline are actually greater components to winning at trading than actually finding a winning trading system.

 

Vince Stanzione

 

Vince Stanzione is far wealthier than most of us, but he is not far more intelligent or talented.

 

The saying “nothing is more common than unsuccessful men with talent”. therefore, holds some truth.

 

There are obviously many more talented men than Vince, but certainly not richer.

 

So how did Vince Stanzione manage to make so much more money than far more intelligent men? Vince just found something that worked most of the time he used it and done it over and over again. He then compounded his profits over time. It is as beautiful as it is simple.

 

All that Vince had to do after finding a formula was stay disciplined in its use.

 

Most People Quit to Soon.

 

trading systemMost people that start a business of any description quit before they are ahead. They don’t understand that profit and loss doesn’t happen in straight lines up or down.

 

When I first started trying to make money on ebay, I started out with £100 worth of stock. I forget how many units I actually had but my product was teeth whitening kits. I didn’t start it with enough money to get a big discount and I was actually losing money in the beginning.

But even though this may have looked grim to others, I kept going. I persisted because I could see the possibilities.

 

“Nothing in this world can take the place of persistence. Talent will not: nothing is more common than unsuccessful men with talent. Genius will not; unrewarded genius is almost a proverb. Education will not: the world is full of educated derelicts. Persistence and determination alone are omnipotent”.

Calvin Coolidge

 

Roll on 18 months and that £100 was over £30,000 turnover. The secret to that income? I didn’t quit in the beginning, even though it wasn’t profitable.

 

When I did start to make the smallest of profits, I then reinvested those profits and bought more stock. Stock that I could now buy cheaper.

 

Nothing remotely complex to the results, and I’m know more intelligent than the next person.

 

It is this up and down, ebb and flow, in any business but especially trading that tends to destroy traders crossing the bridge into profit.

 

These videos by Peter Webb from Bet Angel explain the concept brilliantly.

So in conclusion, don’t quit to soon, compound your profits over time and the slightest of edge can turn into something spectacular.

Master Investor Show, Vince Stanzione, The Founder

Trading Bank Size Binary Options

I have had a lot of emails regarding trading bank size needed for trading binary markets.

You do NOT need a big bank to start making money from trading on binary.com

Yesterday I had the briefest of opportunities to trade using one of the strategies from my course.

It is designed to make the most points profit possible with the smallest of banks. It is also designed for those that wish to be actively trading throughout the day.

I used £5 stakes in this example over the space of 25 minutes.

Trading Bank Size Binary Options

Trading Bank Size Binary Options

As you can see, just using £5 stakes I managed to make 5 winning trades on the trot.

If you were using a conservative 5% of your bank to trade, then all you’d need is £100 to get started.

This is what can make binary options a great way to test if trading financials may be your thing.

You have the opportunity to get involved in the markets but also limit your risk drastically and also your start-up capital. This type of approach to trading can really be a great stepping stone for new traders.

There is no point starting to trade binary options with £2000 even if you feel you can afford it. If you are going to make mistakes why lose £100 when you can limit it to £5, especially while you are learning the ropes?

Even though it is very easy to trade binary options, you will more than likely make the odd error here and there. That’s normal and to be expected. But realistically, if you can make 10% on your bank every day, even with the odd slip up here and there, you are doing very well.

Using the above results, I could more than double my £100 starting bank in a week. From there you can just aim to reach a level where you can withdraw winnings daily or weekly.

Keep it simple… start small and learn well.

You can read more about my binary trading system here.