Best trades for new traders

women traders

Best trades for new traders

It’s a very valid question and one that merits some serious consideration. What are the best trades for new traders to start trading with?

When I first started I remember taking out UK stock trades. These were generally very slow moving but trending stocks. I did this after months of paper trading. I suppose I was and am just a bit cautious by nature.

There is no right or wrong type of trade to choose when starting out, although trading less volatile markets are what beginners should really try to start with in my opinion. Mainly because you will get a chance to evaluate your emotions and will have more time to act or shall I say react accordingly.

Volatile markets are not for the faint hearted. The wins can be big and fast but so can the losses. Remember as a newbie trader that you have the rest of your life to get rich and become a successful trader. So take it easy and don’t act like a monkey in a peanut factory when starting out.

As a general rule, look for steady trends that are above the 200 SMA. Also the lower the actual price of the stock can sometimes lead way to less volatility.

You can use other indicators like Bollinger bands that apparently detect market volatility. But I personally have only ever glanced at this theory as I found trend trading is what suited me.

It’s emotional

A key consideration is how you react to a losing position when beginning trading. It’s simply not all about choosing the right market to trade.

Choosing the correct market to trade is obviously an important decision to the new trader but it’s one that you shouldn’t get to hung up on. After all there are only 3 possible outcomes; the price goes up, down or sideways. You win, lose or draw basically.

Money management

In my opinion the biggest factor that a new trader should be considering is that they are managing stake size correctly and accordingly to the market/s you are attempting to trade.

Split your bank into percentages and use that percentage as an overall liability to the market.

So if you have a £2000 trading bank then your total liability on any single trade should not exceed 10 or 20 % or £100/200 on any one trade. You the just adjust your stake size accordingly.

One MillionHaving a sensible approach to your bank preservation like this will help you make better decisions as a trader, far better decisions than trying to decide what trade you should make that is going to go up, up and away to your first £1,000,000

Another approach to deciding on what to trade first is to trade a few stocks/markets and close out the losers. This will or should eventually become part of your overall trading strategy. So instead of choosing that one sure thing try to choose 3-6 instead.

You can also look to trade some of the more defensive stocks as these can also offer more stability if trending.

As I have mentioned before, 20% of your winning trades will make 80% of your profits. So don’t sweat it losing a few trades when you start out. Even if you only manage a few winners out of your entire decision making, you’ll still profit long term as long as you cut any losses quickly.

So just to recap on what to look for in the markets when starting out and deciding on those first few trades…

  • Choose trending markets
  • Choose less volatile markets
  • Choose more than one market to trade
  • Manage your bank size
  • Manage your stake size
  • Remember 20/80
  • Have an exit strategy

Start slowly and remember that trading is one hell of a marathon not a quick sprint to riches.

 

Little Acorns Profit and loss Update

Little acorns profit

It’s been a month already since I started the Little acorns system using real money. As you can see, I deposited £500 on the 8th February.

The second screenshot shows the months little acorns profit. So this means I made a profit of £21.99 or 6.2 points profit from the 8/2/16 to 8/3/16. I have now added on this month’s profits to my bank and compounded giving me my new stake of £3.65.

In total there were 35 selections.

The good thing about learning to use a system like this is that it gives you the necessary patience to trade the financial markets. If you are someone that feels they need to be doing something everyday, using a system like little acorns should help quench your hunger to do what doesn’t need to be done on the financial markets.

DAQ statement

 

Little acorns profit

Although LA [little acorns] is not trading, it still takes an amount of discipline and courage to implement the system properly.

It also gets you used to staking small and building up gradually.

With financial spread betting there seems to be less control when it comes to the crunch. Traders lose discipline very easily on the financial markets even though they have a rock solid system in black and white in front of them.

Scared to lose

I think this is down to fear and bank size though.

If you have a £5000 spread betting bank to start with but have never been involved with losing money as part of the overall winning process then when you do lose you panic.

I’m going to keep saying this from now on so that you get sick of hearing it but won’t forget it… Start small and compound your profits, over time you will become rich. Forget the lottery approach to becoming wealthy. Yes, we all want to win the euromillions but even if you do you’ll probably lose the lot because you don’t know how to handle the wealth.

Building up your wealth by compounding your profits and looking after your investments is the best way to make it to the top.

7 shocking tips for becoming a winning trader

There are many factors to trading and indeed to the trader that ultimately decide on how or even if a trader will be successful.

It seems ridiculous that some traders trade for entertainment value and that the risk capital for something to do! But there you have it, they have accepted losing from the start.

Others lose because of bad money management. More lose because they do not understand the difference from trading to gambling. Some traders seem gifted with all the traits mentioned. They just can’t make it happen.

The amazing thing is though that losing traders call more than 50% of the trades they enter correctly. In fact currency traders call the Euro correctly 61% And the Dollar 59% of the time yet they go on to lose long term.

In fact, statistics from FXCM claim that after analysing 43 million separate trades that the average profit of 43 pips on each winning trade was set off against an average of 83 pips every losing trade.

In short, even though traders are winning more often than they lose, they lose more points or ticks than they let themselves win.

what losing traders do

Cut your losses and let your profits run…

As you have probably gathered, although traders can win more trades than they lose on average, they are cutting their profits short and letting their losses run.

They have a key principle of trading back to front.

By trying to preserve their profits they have made, the average trader takes the profit to soon.

On the contrary, unable to take a loss they hold their position to long in the hope that they won’t lose so much.

So why not just hold a position that is winning and hope that it wins more?  Or close a position that is losing so it doesn’t lose anymore?

It sounds simple but it goes way beyond simply saying do it, don’t do it.

Pain from losing

The pain of losing out weighs the pleasure of winning. The hope that your losing trade becomes a winning trade is the flaw in most people’s arsenal when it comes down to trading.

I have often tried to think of ways to help traders get over this mentality. Although I believe that it is so ingrained in some that no advice will help these traders become successful, these quick tips may help others.

7 shocking tips for becoming a winning trader

If in doubt don’t bloody do it

If you are not sure that your trade will win don’t open the position. If you are sure and you are wrong that’s OK. The markets are not playing a game with you… They do not have emotions [essentially]. The prices of the markets are moved by people’s emotions. Stack the odds in your favour and think long term.

Start Small:

In my previous post I mentioned the power of starting small. If you learn how to make small consistent gains over time, it will prepare you better [emotionally] for the long haul.  It’s OK to be a small one… The markets don’t care about ego.

Bank Size

If your bank size is too large to start with you’ll find it much harder to take a loss. This will ultimately lead you to taking a bigger loss. This is because you don’t want to lose and can’t accept losing. Hoping and praying for a trade to turn round is BS. Financial trading just doesn’t work that way. You will never win them all.

Open a trade the other way, hedging, offsetting.

This works for some. If you are in a losing position open a trade in the opposite direction.  This will counter any further losses but at some stage you will have to close one of the trades.

Open a position both ways

This can also help master the art of closing a trade. If you open a trade both long and short and then close out the one that is losing. You then let your profits run.

Moving your stops

This is a great strategy for locking in profit. Trailing your stop up behind your positions can often lead you into a no loss situation.

And finally…

CUT YOUR  ******* LOSSES QUICK AND LET YOUR ******* PROFITS RUN!!!

 

Little Acorns Review

My Complete Little Acorns Review

Right, so after 2 months doing the Little acorns review from the beginning of December 2015 the results are in.

Now before I go on, this is a totally different type of system to that of which I normally recommend. Firstly because it is Lay betting on horses, secondly it is not a trading or arbitrage system and thirdly because it is a long term sports betting system.bet

I was very dubious about the results as the author claimed as did other reviewers that it had had only 2 losing months out of 44. That statistic I found incredible for a horse racing system.

So for almost 4 years, every month apart from the couple I mentioned has been a winner.

That’s some seriously reliable system.

So after my 2 month test, I can highly recommend the Little Acorns Racing System. [the website is a little dated but don’t let that put you off, the system is brilliant]

Now you are probably wondering why I even bothered to test it out if there were already 4 years of results? Well if I’m going to recommend something to you I want to make sure it really does work, but also I wanted to give you a full low down on why I liked it and also how it all works.

Little Acorns Review

The reasons I liked the Little Acorns system are numerous. But firstly I have to say that it is just so… simple to use.

All I did was to check the racing card prices on betfair for the selections that meet the criteria and recorded the bets.

Obviously I will now be using real money so that will take an additional seconds/minutes to place but it is a very quick and simple system to use.

The liability is very low with the average lay price of the selections being 1.75. This in itself made me see the possibilities with the system but also made me feel comfortable that the odds were in my favour.

You don’t need a lot of money to start using the system and a few hundred quid is all it takes.

Also, Little Acorns offers long term steady profits that can grow to a substantial second income after a few years of use.

Look at this chart. If you can average 10% ROI every month which on average seems realistic and attainable, you can be making a great income with minimal outlay in a reasonable time frame. Think of your investment strategy as 10 years not 10 months.

Little acorns review

 

You can see the compounding effect here also.

Acorns 10%

Over 2015 the Little Acorns system made a grand total of 111 points using the original staking plan and this included 1 losing month in June. So very near the 10% ROI I have just mentioned. But if you use the staking plan called 2 steps back the overall profit looks even healthier at 148 points profit.

If you could manage to squeeze a 15% ROI from your £400 start bank using the 2 steps back staking plan. And if this is then compounded over the same period. The results are staggering to say the least.

Little acorns system

Little acorns results

Now initially and in the beginning these profits may not seem big. I mean all month to make £40 is nothing special. But as I have said to you before and from what you can see clearly above, it’s compounding that slight edge and leaving time to do the rest for you that really works the magic.  It’s how to invest properly. Remember this is not a lottery ticket.

It’s set and forget.

This has to be a huge bonus for anyone that has a day job. Once you place the bets, that’s it for the day. You don’t have to go back and do anything else.

When I was doing the little acorns review I used to check the race cards for qualifying selections within the same time window every day. This was always from around 9-12.

So my actual results may vary slightly from someone else’s as it happens. This is because prices may have moved during the day, [drifted in or out]. But for me this is what worked. And what my results are based on.

Another thing is I did not deviate from the instructions when it came to the price of a selection at the time I was checking for qualifiers. So if there was a selection that was say .02 out of the system rules I didn’t lay it because it was almost a qualifier. I remained very disciplined throughout.

Support for the Little Acorns system

The author of the system is a great guy. He knows his stuff and looks at long term profits. He was helpful when I asked him anything about the system, although there is not really much to get confused with.

Staking plans

There are a few different staking plans that you can use and my results show the Fibonacci and the 2 steps back plan.

Personally I liked the 2 steps back plan. Not just because it was the most profitable but I can safely say that the bank was not ever in danger during my test.

But for those that are risk more adverse, level stakes is good also.

Here are the total selections I made during the test. The results do not take into account betfair commissions.

 

 

DateSelectionOddsResultStakeRunnersMeetingBank 14702 steps
2/12/2015ACTINPIECES1.97Winner104Ling1480
Mindurownbusiness1.78L106Catt1472
3/12/2015Wolfcatcher1.93L109Market R1463
Presenting Arms1.6L105Wincanton1456
5/12/2015  Courtown Oscar1.98L206Wetherby1446
  Ornate1.61Winner206Wolverhampton1466
  Cachao1.89Winner2013Wolverhampton1486
  Town’s History1.75Winner2011Wolverhampton1506
6/12/2015  Seeyouatmidnight1.98L106 Kelso1496
  La Bague Au Roi1.83L1011Huntingdon1487
7/12/2015Belrog1.89L207Chelmsford1469
8/12/2015  Aubusson1.81L305Uttoxeter1445
  Katie Too1.82L308Fontwell Park1421
9/12/2015  Wavelet1.73L507Ling1385
10/12/2015 Cracked Rear View1.63Winner804Newcastle1465
 Born Survivor1.83L8014Card Warwick1400
 Rock On Oscar1.89Winner8014Taunton1480
12/12/2015U S Navy Seal1.7Winner104Southwell14901520
Peace And Co1.81Winner106Cheltenham15001550
Famous Kid1.9Winner108Wolverhampton15101580
Fire And Passion1.66Winner107Wolverhampton15201610
13/12/2015Mango Cap1.97Winner1011 Car15301620
14/12/2015Zamdy Man1.79Winner105Plumpton15401630
Mckenzie’s Friend1.56L108Plumpton15351625
15/12/2015Warriors Tale1.9Winner105Catterick15451635
Laugh Aloud1.9Winner1010Kempton15551645
16/12/2015Dangerous Thought1.9Winner108Ling15651655
17/12/2015Jessber’s Dream1.72L1010Exeter15581648
22/12/2015Capelita1.86Winner1010Southwell15681658
26/12/2015Showboater1.91L105Fontwell Park15591649
27/12/2015Sprinter Sacre1.8L105Kempton Park15511641
30/12/2015Modus1.8Winner2014Taunton15711661
Points Profit10.119.1new stake
2/1/2016Yorkhill1.69L105Sandown Park1564165011
5/1/2016Patriotic1.93L107Southwell1554163911
8/1/2016Mondial1.87Winner2010Wolverhampton1574166111
9/1/2016Hombre Rojo1.96L106Ling1564165011
Tapaculo1.88Winner106Kempton Park1574166111
11/1/2016Oconnors Girl1.91Winner104Kempton1584167211
12/1/2016Special Season1.76Winner10Ling1594168311
13/1/2016Shaan1.88L107Kempton1584167211
14/1/2016Tomngerry1.75L108Catterick Bridge1574166111
15/01/2016Gorokai1.75L205Ling1554163922
16/01/2016Black Hercules1.78L305Warwick1524161333
Free Running1.92Winner505Ling1574164633
19/01/2016Conquer Gold1.65Winner105Ayr1584167933
21/01/2016Camdora1.96L108Chelmsford1574164633
25/01/2016Onenightinvienna1.81Winner104Kempton1584170155
27/01/2016Binky Blue1.98Winner107Ling1594172322
Points Profit2.36.2

 

 

Once again, I highly recommend this system for anyone looking for a long term sports betting strategy.

As with Vince’s system, it does what it says it does. It actually works.

I shall keep a monthly report of the actual results and bank as I shall start to use the system with cash. I’ll use Betdaq to place the bets as the commission is lower. But I will check the prices on betfair [if that makes sense] the prices are pretty similar but if there is and problems with liquidity and getting matched I’ll have to move back over to betfair.

A year from now you’ll wished you had started today. Order Little Acorns here

One more thing… I have managed to secure a spectacular bonus for my readers that will DOUBLE your profits if used alongside Little Acorns.

Place Profit Accelerator Method

This is an absolute gem of a bonus. Seriously… it really is. This system produced an amazing 316.84 Points Profit in 21 Months

And it’s ultra-easy to use. Simplicity really is the key to this bonus method.

This system works the numbers, not the form! And all from a liability no greater than 0.86 on any qualifying race!

 

These are the results from 2015 with only one losing month

 

JANUARY: 2015 = -6.60

FEBRUARY: 2015 = +18.70

MARCH: 2015 = +7.90

APRIL: 2015 = +5.40

MAY: 2015 = +18.55

JUNE: 2015 = +11.10

JULY: 2015 = +16.25

AUGUST: 2015 = +15.20

SEPTEMBER: 2015 = +15.60

OCTOBER: 2015 = +9.31

NOVEMBER: 2015 = +11.15

DECEMBER 2015 = +17.05

You really don’t get bonus systems like this. You normally get some crappy ebook that is totally useless in reality.

Order Little Acorns here and get the bonus Place Lay System system free.

You will not find this offer anywhere else online. So get in on it and join me.

 

 

3 Ways to Profit from Falling Markets

It’s amazing how many people think that the only way to make money from the stock market is buying shares that are going to go up. Reality is that couldn’t be further from the truth.

The stock market goes up, down and sideways and good traders know how to profit from all positions.

It is inevitable that any trader that has been in the markets for any length of time is going to experience all of the above at some stage.

So either adapt to gain or, well, don’t. But you really need to understand how you can profit from falling markets if you’re not already.

Vince Stanziones System

Trading alongside Vince has been profitable already this year, with his system picking up on many of the best short positions to take. I still have long positions but Vince’s system spotted the weakness in the markets and I have traded them.

I spread bet many of these positions, but you could use traded funds or traded options.

Fixed odds Financials System

You can also use Binary.com to place fixed odds bets on the falling markets. The good thing about trading over at binary.com is that you know your total loss that you can expect if your bet loses. It’s a great way to get familiar with the markets without any major liabilities.

You can place simple fixed odds bets that can be as easy as predicting the market to rise or fall.

A good way to make fixed odds betting pay is using the strategies in the Stock Traders Almanac it’s incredibly easy to follow and offers proven long term results.

My spread betting system

If you haven’t used my system yet you can get it here, It’s totally free, really works and you should try it and see the opportunities for yourself. You can easily trade below the 200 day moving average and then trade the noise with the 10 x 20 day moving averages.

You don’t even need a subscription to any fancy share programme to do it. You can use the free charts on Google or Yahoo.

Look at this free chart from Yahoo of Tesco. A sell signal was given way back in August last year.

Tesco Sell Signal

 

Another interesting strategy worth considering is that weak markets present the option to find good stocks to buy that are undervalued. This is a strategy that Vince seems to be quite good at, as does Warren Buffet. Just because a price is falling, doesn’t necessarily mean the stock is bad.

I do not trade like that and buying stock in falling markets may well be something for the big investors club, but I can certainly see the angle.

 

Accumulator Generator Review

As promised I wanted to point you in the direction of a new product from Mike at bonus bagging.

It’s a brilliant system that is profitable and I recommend it.

Firstly it’s all to do with accumulator betting. Some of you may be familiar with that already but if you’re not it may be a bit confusing. Not so much the accumulator itself, but more a case of using the calculators needed to operate the system.

That said, I didn’t really know anything about accumulators other than putting on doubles and trebles. But after watching the videos that come with the system [a few times actually] I got the hang of it easily.

Accumulator generator review

So what are the pros of the system?

The good thing about accumulator generator it is that there really isn’t a limit to how many of these you can do. Each £50 accumulator that you make can average £10 profit.

You don’t need more than a couple of hundred quid to start.

Most of the action is evenings and weekends. So that’s great if you have work commitments.

You will make a profit whatever the outcome is. That’s guaranteed…

There is a 30 day money back guarantee also, so if you think “no way Jose” you can get a full refund.

All the accumulator bets are done for you, so you just copy them.

There are 5 different strategies included with the system

One of the systems you just place the bets and forget it. The more losing teams there are the more money you make.

It works.

So what are the cons of accumulator generator?

It can take a bit of getting used to. I found it a bit of a learning curve to begin with. But I did get the hang of it after a day or so.

It can take a couple of days for the bets to be completed. Some of the accumulator bet’s that the system offers can be spread out over days and I found that not to my liking.

But you can use the accumulator finder to find bets that finish on the same day, although these are mainly at the weekend. You will also find the odd 1 or 2 in the week.

My opinion

Accumulator generator resultsNow these are my personal views and everyone may not agree. However, overall this system will make you a risk free profit, over and over.

It’s a fantastic system but you just may need a bit of practice using it before you can really start to make it pay. Don’t let a day or so of learning put you off though.

Personally I like the lay all strategy as you just put the accumulator on and lay them all at the same time. I have done 8 of these and 3 resulted in 2 teams losing giving me an overall profit of £91.97 unsurprisingly it’s the easiest strategy to use so it suited me.

You can read more here.

Have you ever heard of Neil Patel?

Firstly a happy new year to you all. Let’s make it a healthy, happy and prosperous one…

So have you heard of Neil Patel?

No he’s not the biggest financial trader on the planet that nobody has heard of. But he is one of the best internet marketers on the planet that a lot of people have heard of.

I have followed Neil for around 2 years now, and I’ve learnt untold about how to run a blog, build links, create content, using images effectively, writing copy, building lists, ranking on Google, recovering from penalties from Google, writing headlines, info-graphics and tons more stuff.

Neil Patel

Neil Patel Internet Entrepreneur

He is the undisputed King of content creation. If you want to make money in 2016 from your blog or website, he’s the man to go to…Seriously.

But there’s one thing that he does differently to most other internet marketers… He won’t charge you a penny for anything that you can read on his blog. It’s all free, everything.

Amazingly though and I’m sure you’ll agree once you start reading his posts; most, if not all of what he offers on his blog out shines all the other relevant information available on other websites, even though more often than not you have to pay for the privilege to read or use. It’s crazy.

Here’s an idea, if you wanted to set up an SEO company and charge astronomical amounts of money to help businesses rank their websites, all you need to do is copy the free strategies on his websites. That’s pretty much what SEO companies do, I’m sure.

And if you consider the fact that the likes of Amazon, eBay and Microsoft go to him for marketing advice, pretty soon you’ll start to catch on why. He’s awesome at what he does.

I read neilpatel.com and quicksprout.com and I can only urge you to go and take a look. He’s got a lovely little face that’s very friendly and a great sense of humour too.

I’ll be back this weekend with some results from system trials and other money making opportunities as promised.

Slow and steady wins the race

Grandville_tortoise
Well another year almost over. I have again had a profitable one although choppy in places.

2015 has been a year of study for me personally. It was part of my overall plan for the year. I wanted to take a closer look at myself and where I could improve as a person as well as financially.

I have read lot more books this year that have focused on for a better way of putting it “the science of becoming rich”. This is not only for my benefit, but also for friends, family and readers of the blog to benefit from what I have learned.

I have also looked at numerous ways to increase my income from trading. I am still of the opinion that there is no better way to trade the markets than long term trend trading. But again I have focused studying this area as it is of genuine interest to me. Plus many readers of the blog will benefit from what I can relay to them (hopefully)

The common problem with trading is that it is not a get rich quick scheme. New traders just don’t want to wait for profits and trades to mature.

For that reason I have been looking at options that will generate faster regular profits over 30-60 days that you can then reinvest or pay yourself with. Then you can use a longer term strategy like the Vince Stanzione system without getting impatient. The way to do this will be combining with fixed odds financials. More on this will be coming very soon.

Bookmaker Bonuses

The bookmaker bonuses still keep delivering and always make me laugh for some reason. Its shoe money and risk free and although not big profits it will add up. [and it really does buy my shoes]. It’s a girl thing…

I’ve also been fortunate to test a new system from Mike [the author of bonus bagging] that you should also add to your arsenal in 2016 and I’ll send information on that in January.

Something else that I have been testing is a racing system and a football betting system that you can start with a few hundred quid and that will safely, slowly and steadily build your bank from year to year.

This time frame of year to year may again not be appealing to you all, but the method is statistically sound and has been running for almost 10 years. It works and is proven but I still wanted to test it out to see for myself and see how easy it was to use and so on.

After my test I’ll publish the results and let you decide for yourselves whether it’s for you or not.

Traders from all walks of life

I went to the business show in London at Olympia at the beginning of the month. I chatted with a lot of people as well as Vince Stanzione. But one of the most inspirational things I saw that really hit home to me was whilst I was watching Vince’s presentation.

Vince was doing a question and answer bit at the end of his talk and a guy asked Vince if he could say a few words.

Now this guy was around mid-50’s wearing jeans and a leather jacket. Almost scruffy like Hugh Fearnley Whittingstall in appearance and I really do mean that in a sincere way.  And I’d say of a Caribbean nationality.

But this guy was a successful financial trader… it was amazing, and he had the courage to stand up there and say how his life had been changed by trading. He thanked Vince for all his help and then encouraged people to try it out for their selves. I was so chuffed for him.

It just goes to show you that people from all walks of life can and are making successful traders.

 

Have a plan in 2016 to get financially secure in 5-10 years.

There’s no quick and easy route to wealth and financial security. I recently read the book “Slight Edge” and this quote from it sums up so many peoples attitude towards getting rich.

You already have the skill, the confidence. You already have everything you need to achieve everything you want. You just can’t see it.

Why not?

Because you’re looking in the wrong place

You’re looking for the breakthrough, the quantum leap. You’re looking for the winning lottery ticket in a game that isn’t a lottery.

Taken from Slight Edge by Jeff Olson

I used to be just the same but have started to realise that in some areas I need to slow down to make faster progress.

The book itself is not a bad read and it has some good points and some fantastic information on how to apply the power of compounding to your daily life for success. But it is very repetitive, or at least I found it so. In saying that, it has made me consider everything in a slight edge way; much like “The Richest Man in Babylon” has done.


I also listened to Darren Hardy’s “The Compound Effect” I don’t listen to that many audio books as it happens but I’m trying to get into the habit. I found this to be better than slight edge even though I wasn’t reading it. Ideally you should read them both.

They really can teach you the finer details of how to become rich slowly at first but compounded over time the results are amazing.

Taking this approach to financial security will produce a much better long term result as you will also be learning to look after your investments along the way.

This is something that lottery winners are not competent at, and that’s why most (70%)  find themselves broke again within 7 years.

It’s the same as footballers according to statistics… 40% of professional footballers are bankrupt within 5 years of retirement.

So getting rich quick is not quite all it’s cracked up to be for the majority it seems. Reminding yourself of this can have its rewards.

 

You’ve got plenty of time to make it to the top

The first person to live to 150 is already alive today

We are living longer and that’s a fact. So even if you’re 40, 50, 60+ you’re really not that old. So slow down and concentrate your energy on longer term goals.

If you are serious about becoming a successful trader or even improving your life in other areas, don’t rush it. Take it easy and don’t be so hard on yourself. Read and learn from the books above. Learn how to use time to your advantage and not limit your achievements to your current age.

If you continuously compound your achievements, however small they are, eventually time will make the successes for you. 

You couldn’t buy better Trading Results

paddypOK, so I have mentioned this stock before but being as it is one of my all-time favourites and given the impressive gains lately it has to be noted.

I have more or less been trading Paddy Power since I started trading. What’s more is this was one of the first proper long term trades that I found myself using the Vince Stanzione course.

As you can see from this chart, you could have entered this when I did back in 2011 and stayed in it [depending on moving averages and stops] there are not many tax free investments that you can find like this. You couldn’t buy better trading results if you subscribed to a service. And there is not a horse racing service on the planet that is anywhere near capable of producing more points profit in this time frame.

I traded out and then moved back in but I also reversed my position. Regardless of that I was following the signals and stayed with the trend.

I first bought paddy power at a fraction over £35 and spread bet it at finspreads. Today it’s trading at £114+ so even trading at a modest £5 a point profit you could be up over £35,000 in four years.

Not too shabby for a £5 bet. And you could have even used 0.50p a point if you wanted to if you had a smaller bank.

Another thing is that you have to remember that if a trade goes against you’d of closed out. So as you can see, the cutting your losses and letting your profits run approach is far from any myth or hype.

Trend trading, simple moving averages, a spread betting account and Vince Stanzione. You could do a lot worse than having that team in your corner.

You can read more about Paddy Powers recent buyout off betfair here. This has added to the current run.

Here’s the Paddy Power chart. I use Sharescope but you can just as easily use the free charts like this one from Yahoo finance.

pap

Fantastic Trading Profits

HalloweenHalloween has been and gone but it’s been a wicked few weeks of trading and I have had some fantastic trading profits. As a member of Vince’s site it never ceases to amaze me how valuable this man is to me. He called some massive shots that have already shown fantastic profits and it is reassuring after all the choppiness.

The thing you have to understand about the Vince Stanzione system is that although predominately Vince trades longer term moving averages, he’s not just a one rule man.

His seasonality knowledge and results are not far from spectacular. And although I do not trade every single trade that Vince mentions, trading what I think looks good from his recommendations has rewarded me substantially over the years.

Reading his regular market updates is like having my own financial advisor that actually knows what he is talking about {sorry to any good financial advisors}

As time rolls on and by keeping calm I have had the opportunity to learn that truly the golden rule of trading is in the waiting. You may never get accuracy of winning trades of 90%, 80, 60 or even 50% but by cutting the losses and letting the profits run [waiting] you’re going to be better of financially than most other traders ever will be.

I still get edgy on some trades nowadays but the urges to break rules and make stupid mistakes are gone. If I’m really ever in doubt I do email Vince.

Someone emailed me the other day that was thinking about buying Vince’s course and asked this question… If Vince decided to stop selling his system for whatever reason and he shut down his member’s sites will it stop everyone from continuing to make money? It’s a good question for a newbie to ask. So I answered as always as honestly as I could.

 

Dear ******

Thanks for your email, there is only one answer to your question. Absolutely not! I have been fortunate enough to trade alongside Vince for a number of years now and his key trading system is still delivering my main trading profits. If you have basic intelligence and can follow simple rules you will profit over time from trading the financial markets using his strategy.

Over the years that I have dedicated to learning to trade, Vince has shown me some other fantastic strategies that have been amazingly profitable over many many years that not many others [to my knowledge] are privy to.

You cannot be worrying about what has not happened yet. It’s a pointless exercise that will keep you stagnant forever. On the other side of the coin, nor can I say that his past results are the light to future financial successes. But I will say that up until today, I have continually made long term profits with Vince Stanzione since I began trading his system.

It hasn’t always been pretty; learning to take a loss was hard, learning to be patient even harder, but it is these traits that Vince has reminded me of that once mastered are the key to becoming a successful trader.

Trading is not a get rich quick scheme, it more a get rich sensibly type of approach.

Whatever you decide to do, I wish you good fortune for the future.

 

Rachel.

 

That is the most accurate and honest answer I could have given to that question.

I do not have to try to convince you or anyone to become a trader and I will not try to do so. But from what you can learn from the Vince Stanzione course and over the years from following him, it’s enough knowledge to keep you trading successfully for the rest of your days I should imagine.

The markets haven’t changed their dynamics that much over the last fifty or even one hundred years. So I think we’ll all be safe from not having enough trading opportunity’s to take and a system to trade with. Although I could be wrong of course; but I doubt it.