marketmasteryprofitplans

MarketMasteryProfitPlans

Copyright©ProfitsRun,Inc. Page1of80

URGENT:YouholdinyourhandsoneofthemostimportantspecialreportsI’veeverwrittensinceIbeganteachingindividualstotradebackin2001.Theworldasweknowithasbeenchangingdramaticallyinrecentyears,andthismassivechangeiscausingconfusionandgraveconcernformanytraders.Conflicting,contradictory,andflatoutbadadvicefromso‐calledFinancialMedia“Stars”isnothelpingthesituation,either.Tradersfromallaroundtheworldhavebeenfeedingmeasteadydietofquestionsovertheyears,andtheyseemtobegettingmoreandmoreconcernedaboutwhatthefutureholds.Manypeoplejustlikeyouarejusttryingtosurviveintoday’smarkets,andtheydon’tknowwhattodo.That’swhatdrovemetowritethisreport.Init,Ireveal5“profitplans”Ibelieveeverytradershouldimmediatelyimplementasthefoundationforwhatevertradingmethodtheydecidetouse.Ifmorepeopletradedinlinewiththeseplans,notonlydoIthinkmoretraderswouldbesurvivingtoday’smarkets,Ithinkthey’dbeprospering.Whatyouareabouttoreadismorevaluabletoyouthanwhatyouwillfindinmanytradingcoursesthatyou’dhavetopayfor.ThisisaHUGEreport.Takeyourtimetoreaditall.GoodTrading,

BillPoulosp.s.Makesureyouwatchallthesupportingvideosthatgowiththisreport.Itellyouhowtoaccessthemlaterinthereport.



PLEASEPRINTTHISREPORTNOW!Pleasetakeafewsecondsandprintthisentirereportrightnow.Here’swhy: Whenyouprintthisreportout,thechancesthatyou’llactuallyreaditandlearnsomethingnewabouttradingthestockmarketwillincreasedramatically.Ihaveacollectionofdigitalreportsonmycomputer,andtheonlyonesI’vereadallthewaythrougharetheonesI’veprintedout.

Whenyouprintthisreportout,youcanreaditanywhereinyourhouse(orontheroad,forthatmatter).Ilovemyfamily,butmyofficeissmackdabinthemiddleofthehouse,soit’sahightrafficarea.SometimestheonlywayIcangetasolidchunkoftimetoreadsomethingIfindonlineisifIprintitoutandtakeitsomewhereelseinthehouse.

Thereisanactivityinthisreportthatrequiresyoutoanswersomequestions.Theimpactofthisactivitywillbemuchgreaterifyouactuallygetoutapencilorpenandactuallywriteonthisreport.Ihighlyrecommendyouspendafewmomentscompletingthisactivity.Yourfuturecoulddependonit.



DISCLAIMER:Stock,forex,futures,andoptionstradingisnotappropriateforeveryone.Thereisa substantial riskof loss associatedwith trading thesemarkets. Losses canandwill occur.Nosystemormethodologyhaseverbeendevelopedthatcanguaranteeprofitsorensurefreedomfrom losses.Norepresentationor implication isbeingmadethatusing the information in thisspecialreportwillgenerateprofitsorensurefreedomfromlosses.Risksalsoinclude,butarenotlimitedto,thepotentialforchangingpoliticaland/oreconomicconditionsthatmaysubstantiallyaffect thepriceand/or liquidityofamarket.The impactofseasonalandgeopoliticalevents isalready factored into market prices. Under certain conditions you may find it impossible toliquidate a position. This can occur, for example, when a market becomes illiquid. Theplacement of contingent orders by you, such as “stop‐loss” or “stop‐limit” orders will notnecessarilylimitorpreventlossesbecausemarketconditionsmaymakeitimpossibletoexecutesuchorders.Innoeventshouldthecontentofthiscorrespondencebeconstruedasanexpressorimpliedpromiseorguaranteethatyouwillprofitorthatlossescanorwillbelimitedinanymanner whatsoever. Past results are no indication of future performance. Informationcontainedinthiscorrespondenceisintendedforinformationalpurposesonlyandwasobtainedfromsourcesbelievedtobereliable.Informationisinnowayguaranteed.Noguaranteeofanykind is impliedorpossiblewhereprojectionsoffutureconditionsareattempted. Revision02‐20080915.



StockMarket“Insiders”&TheirUncommonApproachToProfits

DearTrader,Theinformationyouareabouttoreadhasthepotentialtodramaticallychangethewayyoutradethestockmarketforever.Anditevenhasthepotentialtochangeyourlife.Thatmightsoundlikeanexaggeration,butthepotentialisreal.ButIcan’tdoitforyou.ThebestIcanhopetodoisgiveyouasmuchguidanceanddirectionaspossibletoinspireyoutotakeactiononmakingpositivechangesinhowyoutradethemarketsthathelpyougetclosertoyourowngoals.Thisreportshouldalsodramaticallyaccelerateyourlearningcurve.Whatwilltakeyouminutesandhourstolearn,tookmeyearsanddecadestodiscover.Theideaspresentedinthisreportcomefromtheculminationofmylife’sworkinthemarkets.Ifyou’renotfamiliarwithme,ormycompany,ProfitsRun,letmegiveyouaquickbackgroundsoyouknowwhoyou’redealingwith.I’vebeentradingthemarketssince1974,andI’vebeenteachingthousandsofstudentsaroundtheworldwhatittakestosucceedinthemarketssince2001.Sosomepeoplethinkofmeasa“grizzled”tradingveteranbecauseI’veseensomuchoverthepast3decades.Sure,I’vescrapedmykneesandhavebeenthroughafewbumpsandbruisesovertheyears,butIseemyselfasafilterforyou,orsomeonewhohas



theabilitytosiftthroughallthejunkandnoisethat’soutthereandtellittoyoulikeitis.

So,Imaycomeacrossalittleharshinthisreport,butIdon’tbelieveinsugar‐coatinganythingorgivingyoufalsehopesofsuccess.Iwanttogiveyouthefacts,like‘emornot,soyou’reempoweredtotakeactionandmakepositivedecisionsonhowtosucceedinthestockmarket.

Youcanthankmycurrentstudentsandreadersforthisreport,becausethey’retheoneswhoreallypushmeandinspiremetocontinuetocreatenewtrainingmaterial.EverydayIspendafewhoursansweringemailquestions,andIhaveaspecialfilewhereIkeepthemostcommonquestionsandconcernsIreceive.WhenIstarttoseeapatternemerge,thenIknowit’stimetocreatenewmaterialtoaddresswhateverthegrowingconcernhappenstobe.Inthiscase,it’sthecurrentstateoftheeconomyandtheworld,forthatmatter.There’salotofscarystuffgoingonrightnow,andifyoumakeitahabittolistentothemediaandreadthenewspaper,youmighthaveahardtimejustifyingevengetting

outbedinthemorning.Sorecently,thekindsofquestionsI’vebeenreceivinghavebeenaround:

ShouldIwaittomakeanytradingdecisionsuntilaftertheU.S.Presidentialelection?

HowshouldIbetradinginlightofthecurrentstateoftheU.S.Dollar? Whataboutthedeficit?Howwillthatimpactmyportfolio?



Awell‐knownFinancialMediaStaristellingmetobuyhereandsellthere,buteverytimeIdothat,he’swrong!WhatshouldIdo?

Etc.etc.etc.Ithinkyougetthepicture.There’salotofconcernaroundhowtonotonlysurviveinthemarketsintoday’seconomy,buthowtoPROSPER.SowhatIdidwastakealookatallthedifferentapproachestotradingthatI’vebeenexposedto,andthenImadeasortof“survivalguide”of“profitplans”thatanyonecanusetocrafttheirowntrading“toolkit”thattheycanusetopullasmuchprofitpotentialaspossibleoutofthestockmarket.Afteralotofthoughtandreflection,Icameupwithfivesuch“profitplans”.Whenusedcollectively,Ibelievethesefiveplansformoneofthebestfoundationsyou’lleverfindforcreatinglastingsuccessinthemarkets.AndIdesignedthisreportspecificallyasasortofroadmapthatyoucanusetotailoryourtradingroutinetohowyouliketotrade.Yousee,notalltradersshouldtradeexactlythesameway.Everybody’sdifferent.That’swhyIliketoeducatemystudentsasmuchaspossibletothinkforthemselves.Oneofmyultimategoalsformystudents,andforyou,istoNOTneedmyguidanceanymore.Whenthathappens,thenIknowI’vedonemyjobandgivenyouallthetoolsyouneedtocreateyourownsuccessstoriesinthemarkets.



Now,I’vebeentoldthatthatkindofmindsetisabadbusinessdecision,andthatwhatIshouldbedoingiscreatingmysterious,proprietary“blackbox”systemsthatrequireyoutocomecrawlingbacktomeeverydayforyournext“dose”of“stockpicks”.Well,asyou’llsoonfindout,Ijustdon’tbelieveinthatkindofstuff.Ifyouhaveanopenmindandarewillingtocreatesomepositivechangesinyouroverallapproachtotrading,let’sgetstarted.Ifyouhaven’tprintedthisreportoutyet,pleasedoso.Ialsoencourageyoutotakenotesandtohighlightportionsthatyoufindespeciallyinteresting.Sowhilethebadnewsisthat,indeed,therearemanyeconomicproblemsintheworld,thegoodnewsisthatultimately,thatdoesn’tmatterasfarasyourprofitpotentialinthemarketsisconcerned…IFyouknowhowtotakeadvantageofcertainfactorsinthemarketsthatyou’reabouttodiscover.

ProfitPlan#1:BecomeanIndependentTrader

Whenitcomestotradingthemarkets,Ifindtherearetwotypesoftraders.Andthetypeoftraderyouarecoulddrasticallyimpacttheamountofmoneyyoumakeinthemarkets…itcouldevenforeverdetermine,inpart,whattherestofyourlifelookslike,howmuchlongeryouworkaregularjob,whereyougoonvacation(andhowoften),whereyoulive,andevenyouroverallhealth.Thatmaysoundlikeanexaggeration,butifyouplanonsupplementingorreplacingyourcurrentincomewithstocktrading,thenIthinkyou’llfindthosestatementsabovearequiteaccurate.Here’swhy…You’reprobablywellawareatthisstageinyourlifethatanythingthat



requiresalmostlittleornoeffortproduceslimited,temporary,ornonexistentresults.Andthatanythingthatrequiresyoutothinkforyourselfproduceslasting,ongoing,andperhapsevenpermanentresults.Thisisespeciallytruewhenitcomestotradingthestockmarket.Overtheyears,I’veobservedthattherearetwotypesof“traders”.Now,Irealizethesearegeneralizations,buttheyillustratetwoverycommonmindsets.Whichoneareyou?TheDependentTrader:Thistypeofpersonisusuallylookingfortheeasywayout,lookingtomakeaquickbuck,orwantstostrikeitrich.Theythinkit’spossibleto“followthecrowd”,blindlyplacetradespumpedoutbyasystemthat“can’tlose”,andquittheirjob.Thebottomlineisthatthistypeoftraderisdependentonsomeoneelsefortheirfinancialsuccess–forever,forlife.Yes,TheDependentTradercanbesuccessfulwiththisattitude,butIbelievetheoddsofsuccessarelow(probablyaround5%).TheIndependentTrader:Thistypeofpersonwantstohaveasmuchcontroloftheirfinancialdestinyaspossible.Theyunderstandthatwhentheyknowhowthemarketswork,they’reempoweredtoplaceinformedtradeswithouthavingtorelyonsomeoneelse.SomeonewhoisanIndependentTraderknowstheyaremaximizingtheiroddsofsuccessinthemarkets,whichcanmaketheirfinancialandlifelongdreamscometruethatmuchmorequickly.Thebottomlineisthatthistypeoftraderholdsthekeystothekingdom,andhascontroloftheirfinancialfuturefortheirentirelife,nomatterwhathappens.IfyouthinkyoumighthavealittleoftheDependentTradermentalityinyou,that’sOK.Iunderstand,becauseyouarenotalone.It’sonlynatural.ButwhenyoulearntobreakoutofthatmindsetandmovetowardbecominganIndependentTrader,everythingcanbegintochange.That’swhyoneofmygoalswiththisreportistohelpmakeyouanIndependentTrader.Willthisreportalonedoit?No,ofcoursenot.However,itshouldgiveyoua“fasttrack”towarddiscoveringtherightwaytotradethestockmarketforyou.



OK,soyoucantellthatIbelieveitisfarbettertobeanIndependentTraderthanaDependentTrader.ThisisprimarilybecausetheIndependentTraderarmedwithgoodtradingmethods,riskmanagement,anddisciplinehasamuchgreaterlikelihoodofachievingconsistentprofitabilitythandoestheDependentTraderwhoisalwaysatthemercyofsomeoneelse’srecommendations.Let’slookatsomerealworldstockchartstohelpsupportthispoint.HereisatypicalscenariothatplaysoutinthemarketsoverandoveragainthatisparticularlyharmfultotheDependentTrader.

TheprevailingviewoftheFinancialMediaStars,backinApril,2008mighthavebeenthatthefinancial‐relatedstocks(includingthebankstocks)havebottomedoutandareontheirwayupandthattheworstisoverforthesecompanies.Andsoblastingovertheairwavesarealmostemotionalappealsto“Buy,Buy,Buy!”thebankstocksincludingCiticorp(SeeFigure1).



Figure1‐Citicorp

AndyoucanseeonthechartofCiticorp,abottomhadbeenmadeinMarch,2008andthemarketwasindeedturningupfromthatbottomafterhavingfallenbymorethan65%sincetheJune,2007highs.Afteradroplikethat,itseemedlikeagoodplacetobuy,indeed,particularlyasthemarketbegantotradehigherforthenextseveralweeks.Butevenifthiswasagoodplacetobuy,thereareanumberofproblemswithtradingthisway.Forexample:

HowmuchshouldIputintothistrade? Whatismyinitialrisk? HowdoIknowwhenIshouldgetoutifthetradegoesagainstme? Ifitgoesinmyfavor,howlongshouldIholdmyposition? WhendoItakeprofits?

Also,theFinancialMediaStarwhoisrecommendingthebuymightbegenerallycorrectontheprobabilitythatatsomepointthebankstockswillstopgoingdown,willstabilize,andthenstartgoingup.Buthistimingcouldbeoffbyafewweekstoafewmonths,whichcandogreatdamagetotheDependentTrader’saccountduringthattime.AndeveniftheFinancialMediaStariscorrectonhistiming,hestilldoesnottellyouhowmuchtorisk,howtoprotectagainstlossandhowandwhentoexitthetrade(exceptoftentimesafterthedamagehasbeendone).



Nowonthisrecommendation,Citicorpinitiallymovedupafewdollarsbutthenabruptlystoppedinitstracksandbeganalongslidedown,droppinganother50%fromtheApril,2008highstotheJuly,2008lows.Atthatpoint,itwasobvioustooneandallthatbuyinginAprilwasnotagoodthingtodo.Andrightaboutatthattime,inthemidstoftheJulylows,whatdidtheFinancialMediaStardo?HethroughinthetowelonthefinancialstocksincludingCiticorpandsaid,“Sell,Sell,Sell!”Butitwastoolate‐thedamagehadbeendone.Furthermore,asofthiswriting,theJulylowshaveheldandCiticorpisnowupover30%sincethe“Sell,Sell,Sell!”cry.Sothecrybythemediato“Buy,Buy,Buy”Citicorpwastooearly,andthecryto“Sell,Sell,Sell”cameonlyafteradropof50%fromtheApril2008highs;ofcourse,muchtoolate.AndhowdoyouthinktheDependentTraderwhofollowedthatadvicenowfeelsabouttrading?Nottoogood.Andwhatimpactwillthatexperiencehaveonfuturetradingandtheabilitytomaintainanobjectiveviewofthemarketstotakeadvantageofthegreatopportunitiesthatarealwayspresentinthemarkets?Certainlynotapositiveimpact.Now,thestoryisnotcomplete.ThatsameFinancialMediaStarwhothrewinthetowelonthefinancialsattheJuly,2008lowsalsorecommendedshiftingmoneyintothesilverminingcompanies,asthosestockshadfallenover25%sincetheMarch,2008highsandwereonthewaybackupinJuly(SeeFigure2,GDX,MarketVectorsGoldandSilverMinersExchangeTradedFund).



Wellagain,thecrywasto“Buy,Buy,Buy”withnoguidanceonhowmuchtobuy,howtoprotectthepositionagainstloss,howandwhentoexitataprofit.Butsimplytobuy!IfyourefertoFigure2,thechartofGDX,youwillreadilyseethatthemarketnotonlydidnotgoupfromtheJuly,2008buyrecommendation;instead,itcollapsedandisstillheadedlowerasofthiswriting‐fallingover40%fromtheJuly,2008highs.

Figure2‐GDX

Willthesilverandgoldminingstocksbeabuyatsomepoint?Yes.ButIbelieveagoodtradingmethodisneededtomakethatdetermination.AndagoodtradingmethodmaywellhavesetupforalongpositioninthesilverminingstocksbackinJuly,2008aswell,butsuchamethodwouldalsoprescribehowmuchtorisk,andhowtoprotectthepositiontolimitloss.Italsowouldhaveexitedthetradewithaprobableloss,butasmallloss,andconsequentlyhaveavoidedtheprecipitousdropthatensuedandisstillgoingon.Rightabout,now,theFinancialMediaStarisalmostspeechless.ButIbelievethatisonlytemporary.ThemediawillpressonwithnewandneverendingrecommendationsthattheDependentTrader,whohasnotlearnedfromthispainfulexperience,willbepronetofollow,therebyrepeatingthisunhappyscenariooverandoveragain.



Now,IamnotfaultingtheFinancialMediaStarforbeingwrongontheserecommendations‐noonecangetitrightallofthetime.ButIamfaultingtheDependentTraderforfollowingtheserecommendationswithlittleforethoughtoftherisk‐rewardimplicationsoffollowingtheserecommendationsandhowthetradesonceenteredintowillbemanaged.

EntertheIndependentTrader,whoisnotinfluencedatallbywhattheFinancialMediaStarissaying,foronething,becausetheIndependentTraderdoesn’tevenlistentoorknoworevenwanttoknowwhattheFinancialMediaStarissaying.InsteadtheIndependentTraderisguidedbygoodtradingmethodsthathehasmastered,thatscreenforgoodhigh‐probability,low‐risktradingopportunities,withprecisesetupconditions,entryrules,stoplossprotectiontolimitrisk,positionsizerules,andanexitstrategytoexittradesprofitably.ThelikelihoodisthatthegoodtradingmethodsmasteredbytheIndependentTraderwould

haveidentifiedthenumeroushigh‐probability,low‐riskpointstosellshortCiticorpallofthewaydownforatidyprofit.OrwouldhaveexitedanylongpositionsinthesilverminingstockspriortothecollapseinpricesfromtheJulyhighs,protectingprecioustradingcapital.NeithertheDependentTradernortheIndependentTradercanexpecttoberightallofthetimeoneverytrade,butunliketheDependentTrader,theIndependentTraderaddressesriskfirstandforemost,doesnotlistentonorisinfluencedbythefinancialmediatalkingheads,andonlymakestradingdecisionsbasedonhisownanalysis.Ihopethisallmakessense.It’scriticaltoyourtradingfuture.



Iwantyoutounderstandandfeelthepower,peaceofmind,andexcitementthatcomewithplacingatradeindependently.Everythingmakessense.Everythingisdoneforareason.Youknowwhattodo,nomatterwhatthemarketdoes.Everysingletime.It’sawesome…

ProfitPlan#2:TradeShort‐TermTrendsIsitstillsensibleasastockmarketinvestortoemploya“100%alwaysinvestedinstocks,buyandhold”strategy,countingonthemarkettoriseonaverage8%ayearinthelongrunasithassinceWorldWarII(WWII)?

Idon’tbelieveso.Infact,Ibelievethatthepost‐WWIIeraoffairlypredictablefinancialmarketsisoverwith,atleastforthenextseveralyears,ifnotforalongtimetocome.Andbecauseofthat,ifyouwanttohaveanyhopeofmakingapotentiallysignificantreturnonyourportfolio,youneedtotradeshort‐termtrends.Herearesomeofthereasonswhy.Wenowliveinanever‐expandingglobaleconomywiththeemergenceofChinaandIndiaandothersasrapidlygrowingeconomiesvieforlimitedresources.Thesegrowingeconomiesdrivepressuresandunexpectedcrosscurrentsinthecommodities



marketsaswellasexchangeratescausingequitiesmarketsaswellasothermarketstoabruptlychangedirection.Furthermore,withincreasingglobalcompetition,whiletheconsumeristhewinner,thecompaniesthattheinvestorreliesuponbasedonpasttrackrecordsoftentimesnotonlydonotbenefitfromthesecompetitiveforces,theyceasetoexistaltogether.TheUnitedStatesDollarisunderassaultbyitsowngovernmentastheUScontinuestorunever‐higherannualbudgetdeficitsthathavecompoundednowtomulti‐trillionsofdollarsonacumulativebasis.Thereseemstobenopoliticalwilltoreigninthisgeometricallyincreasingspending,butonlytoraisetaxes,whichhastheeffectofactuallyweakeningtheeconomyandreducingtaxrevenues,aggravatingthebudgetdeficitsevenmore.ThesepoliciescontinuetoweakentheUSDollarandIbelieveputitsroleasthereservecurrencyoftheworldinperil.However,itisnotonlythevalueofthedollarthatisbeingundermined.Allofthemajorcurrenciesoftheworldareundergoingasimilarfate;itisjustamatterofdegreeastowhichcurrencyistheweakestatanypointintime.Increasinginflationamongthemajorcurrenciesoftheworldisnotgoodfororderlyequitiesmarkets.Therapidpaceofdevelopingtechnologieshastheeffectofobsolescingcurrenttechnologiesandthecompaniesthatarebasedonthesecurrenttechnologies.Thebottomlinehereisthatproductlifecyclesareshorterthanever,andsoarethelifespansofindividualcompanies.Whilenewcompaniesspringupoutofnowhere,othermajorcorporationsthathavebeensuccessfulforseveraldecadesarenowstrugglingtostayafloat.



Wenowliveinaworldofnearinstantcommunicationwhereallinvestorsontheplanetessentiallyhavethesameinformationavailabletothemsimultaneously.Thishastheeffect,Ibelieve,ofmakingthemarketsmoreefficientthanever,andthusmorevolatilethanever,asthemarketsreactabruptlytothefast‐changingfinanciallandscapeonaglobalbasis.

Alloftheseeventssuggestthatweareinthemidstofanothermajorfoundationalchange,innotonlytheUSeconomybutalsotheeconomiesofthedevelopednationsaroundtheworld.ThelastsuchchangeIamreferringtooccurredintheearlyparttheofthe20thCentury,astheIndustrialRevolutiontookhold,transformingtheeconomyfromanagriculturalbasedeconomytoanindustrialbasedeconomy.Theresultwasmoreandbettercropsthaneverfromthefarmsandawholenewarrayofproductsproducedbythenewindustrialfactoriesneverbeforeavailabletotheconsumeraccompaniedbyadramaticincreaseinthestandardofliving.Thiswasaneraofgreatuncertaintyandupheaval,but

alsogreatopportunityforthosethathadeyestosee.Thistimearound,wearemovingfromanindustrialbasedeconomytoonebasedoninformation,newtechnologiesthathaveyettoplayout,andwhoknowswhatelse.Itistooearlytoputanameonthechangethistimearound,butIthinkmostcanagreethatweareinthemidstofanothermajorfoundationalchange.ThesearejustsomeofthereasonswhyIbelievethatthepost‐WWIIeraofbuyandholdinvestingisoverandthatforecastingthelongtermdirectionofequities



marketsismoredifficultthanever.Ithinkitisfairtosaythatjustbecausetheequitiesmarketdrivenbymajorlongtimecorporationshasaveragedgainsof8%peryearsinceWWII,doesnotmeannorshoulditleadonetoexpectthatsamelevelofperformanceinthenextseveralyears.Whilethatcouldcertainlyhappen,itjustmeansthatinthemidstofthisfoundationalchangethereismoreuncertaintyandthattheoldbuyandholdinvestorshouldrevisitthatstrategy.Sowhatshouldtoday’sinvestordoaswellasallyoutradersoutthere?Ibelievethekeytotakingadvantageofthefoundationalchangethatweareundergoingintheeconomiesoftheworldisto:

1. Waitforanewtrendtodevelop

2. GetonboardAFTERthenewtrendbecomesapparent

3. Stayonboardaslongaspossible

4. Getoffattherighttime5. GoontotheNEXTtrend

Iamtalkingaboutswingtradingtrendsthatoccurintheequitiesmarketsoverandoveragainwitharelativelyshortdurationfromstarttofinish.Iamtalkingabouttrendsthatlastfromweekstomonthsasopposedtoyears.Identifythetrend,getonboard,rideit,andgetoffbeforethetrendchanges.Now,ofcourse,thisiseasiersaidthandone,butbeforeIdiscusssomesimplebutpowerfultechniquestoidentifytrends,let’slookatsomeexamplesofwhatIamtalkingabout.



Figure3‐AAPL

InFigure3,Ihaveapplieda20‐daysimplemovingaverageinbluetoadailybarchartofAAPL.Ihavealsohighlightedthesustainedshort‐termtrendsinredthatthe20‐daymovingaverageuncovered.Ineachcase,thetrendhighlightedlastedfromdaystoweeks,perfectforshorttermswingtrading.Now,thepointIwanttomakehereisthatwithnothingmorethanasimplemovingaverageyoucanidentifytheprevailingshort‐termtrendofanystock.Thisisnottheonlywaytoidentifytrendsbyanymeansandthisdoesnotconstituteatradingsystem,butitdoesshowhowthissimpletoolcanaidinidentifyingshort‐termtrends.



Figure4‐CMA

Here’sanotherexample,Figure4.Youcanseethatfromlate’06tomid’07,themarketwasasidewayschoppyaffairasthe20daymovingaverageoscillatedupanddowninatightrange,butthenwhenthedownmovebeganin’07,the20‐daymovingaveragewasdownmostofthetimethroughouttheentiresustainedmovedown.



Figure5‐AAPL

GoingbacktotheAAPLchart(Figure5),anothertechniqueyoucanuseistolookforhigherhighsandhigherlowstoidentifyanuptrendorlowerhighsandlowerlowstoidentifyadowntrend.Again,thistechniquedoesnotconstituteatradingmethodorsystembutillustratesyetanothersimpletechniquetoidentifyshort‐termtrends.Ofcourse,onceyouidentifytheprevailingshort‐termtrend,youwouldconsiderenteringatradeinthedirectionofthattrendonlyifyourtradingmethodsetupforanentryinthesamedirectionasthetrend.



Figure6‐CMA

Let’slookatthechartofCMAagain(Figure6).Hereagainyoucanseehowthelowerhighsandlowerlowswereabletoidentifythesustaineddowntrend.Youcanapplythesetechniquesandotherstoidentifyshort‐termtrendsinanyequitymarket,inallsectorsoftheeconomy,includingcommodityandcurrencybasedtradesusingExchangeTradedFundsthattradelikestocks.Youjustgowherethetrendsareemerging,notbyguessingbutbylettingthetrendfirstshowitselfandonlythenconsideratradeopportunityinthedirectionofthetrend.Thepointhereisthatidentifyingtheshort‐termtrendinanysectorofthestockmarketcanbeaccomplishedwithsimpleaswellasmoresophisticatedtechniques.Infact,powerfultradingmethodsincludetrendidentificationasakeyaspectofthetradingmethod.AndsoIbelieveitisindeedpossibletoidentifytheseshorttermtrends,andagainwithagoodtradingmethodgetonboardathigh‐probability,low‐riskentrypoints,ridethattrendandthengetoffbeforeitends.



Thisishowthebuyandholdinvestoraswellascurrenttraderscantakeadvantageofthesevolatiletimes‐byswingtradingtheseshorttermtrends.

ProfitPlan#3:UseaGoodTradingMethodSincetherehavebeenmarketstotrade,tradersaroundtheworldhavebeenlookingfortheholygrailoftrading–asystemormethodthattellsthemexactlywhatandwhentobuyandselltotakemaximumprofits.Ifthatisnotenough,thesetraderswantsuchasystemormethodtobeautomaticrequiringnothoughtwhatsoeveronthepartofthetrader,sothatallthetraderhastodoisfollowthebuyandsellsignalsthatemanatefromthesystem.

Now,ifyouthinkaboutitlogically,ifsuchasystemormethodexisted,alltraderswouldsoondiscoverthisandallwouldtradeitssignalsinlockstep,and,ofcoursethemarketswouldthenceasetofunction,becausewhenallwerebuying,therewouldbenosellers;andwhenallwantedtosell,therewouldbenobuyers.Thetruthisandalwayshasbeenthattheholygrailoftradingsimplydoesnotexist‐neverhasandneverwill.That’sthebadnews.Thegoodnewsisthattheholygrailoftradingisnotrequiredtotradesuccessfullyinthemarkets.Whatisrequiredaregoodtradingmethodsthatpointyouintherightdirectiontotake

advantageofhigher‐probability,lower‐risktradingopportunitiesthatsetupinallmarketsoverandoveragain.Now,thisdoesnotmeanthateverytradingopportunitywillbeprofitableorthatlosseswillnotbetaken.Butitdoesmean



thatwithgoodtradingmethodsyouwillhaveanedgewhentradingthemarketsthatshouldputtheoddsinyourfavor.Sobydefinition,therewillbelosingtrades;infact,losingtradesarequitecommonwhentrading.Justbecauseatradingmethodputstheoddsinyourfavordoesnotmeanyouwillnotexperiencelosses.Andthatfactleadstooneofthekeystotradingsuccess.Thatis,youmustcontrollosses.Thewholeideaaroundtradingistowinmorethanyouloseandtostayinthegame,sotospeak,soyouhavetheopportunitytocomeoutawinner.Ifyourisktoomuchoneachtrade,thenyoucaneasilydepleteyouraccountsizedowntoalevelfromwhichthereisnorecovery.Aseriesoflossescouldwipeoutyouraccountaltogetherwhich,ofcourse,wouldknockyououtofthegamewithnochanceofrecoveryfromtheprofitabletradepotentialthatfollowed.Soyoumustcontrollossesfirstandforemost.Controllinglossesisreferredtobydifferentnamessuchasriskmanagement,moneymanagement,accountriskmanagement,stoplossorders,portfolioriskmanagement,limitpositionsize,etc.Buttheyarereferringtothesamething‐keepyourlossesrelativelysmallinrelationtoyouraccountsizesoyouhavetheopportunitytotradeoveraseriesoftradesthathasapositiveexpectedoutcomewhereanylossesaremorethancoveredbytheprofitabletrades.Onceyouunderstandhowtocontrollosses,youstillneedgoodtradingmethodsthatwillguideyouinscanningtheuniverseofstockstofindtheverybesttrading



opportunitiesatanygiventime.Agoodtradingmethod,usingprimarilytechnicalanalysis,willdefinefairlyobjectivesetupconditions,entryrules,stoplossrules,andexitstrategiesaswellasthescanningcriterianecessarytofindthosestocksthatarelikelytomeetthemethod’ssetupconditions.Herearesomegeneralattributesthatagoodtradingshouldhave.Doesyourcurrentmethodexhibitalltheseproperties?

Agoodmethodisonethatisfairlyeasytounderstandorelseyouwillnotfollowthemethodevenifitproducesfavorableresults.

Agoodmethodwillusenomorethanahandfuloftechnicalindicatorsfromthehundredsavailable,butusetheminanuncommonwaytogivethetraderanedgeoverothertraders.

Agoodmethodwillprovideyouwithanedge(thatisputtheoddsinyourfavor)whentradingthemarkets,butitisnotablackboxmechanicalsystemthatspitsoutbuyandsellsignalswithnoforethought.ThisisacommonmisconceptiononthepartofbeginnersandisdrivenbytheerroneousbeliefintheHolyGrail.

Agoodtradingmethodrequiressomediscretiononyourparttoknowwhentostandasideevenwhenyourmethodtellsyoutoenterintoatrade.Infactagoodmethodwillhighlightthoseinstanceswhenyoushouldbewelladvisedtostandasideandnottakethetrade,butitisstilluptoyoutorecognizewhentheseinstancesoccurandtaketheappropriateaction.



Agoodtradingmethodshouldcomplementothertradingmethodssothatasuiteoftradingmethodsworksynergisticallytogetherinordertominethemaximumprofitopportunitythatthemarketshavetooffer.Marketpriceactionsetsupindifferentwaysinadvanceofhigherprobability,lowerrisktradesandinordertocapturetheseopportunitiesideallyacomplementarysetoftradingmethodsshouldbeavailableinyour“toolbox”tobeabletotakeadvantageoftheseopportunitieswhentheyoccur.Onemethodalonewouldonlyhavetheabilitytocapturesomeoftheseopportunities.

Agoodtradingmethod,onceitismastered,shouldrequireverylittletimetoapplytothemarkets.Afterthemarketscloseeachday,agoodtradingmethodshouldbethebasisforyourtradingroutineeachday.Themarketsclose,youupdateyourchartingsoftwaredatafeed,allindicatorsandpricedataareupdatedinseconds.Atthesametimeyourchartingsoftwareautomaticallyscanstheuniverseofstocksinsecondstofindthosefewthatmeetyourmethod’ssetupconditions.Youthenreviewthechartsforthosestocksselectedconfirmingthatthesetupconditionsareinplace,determineyourentrypointandplaceyourordersonlineinamatterofafewminutes.

Agoodmethodalsoallowsyoutoeasilymanageyourtradesonceyouhaveenteredthemarketrequiringminoradjustmentstoyourtrailingstoporderseachnight.

Smarttradersarenoddingtheirheadsrightaboutnow,andtheyalsoknowthatallofthiscanbeaccomplishedinamatterof20minutesanight,oncethisroutineisfirmlyestablished.

Nowlet’stakeacloserlookateachoneofthekeyattributesofagoodtradingmethod.

SetupConditionsThesearethespecifictechnicalconditionsthatmustbeinplaceinorderforatradetobeconsidered.Andthesemustbeprogrammableintoyourchartingsoftware’sstockscanningroutine.Thisisnecessaryinordertoautomaticallyapplythese



conditionsbyyourchartingsoftwareeachnightafterthemarketsclosewhenyouupdateyourpricedata.Setupconditionscanbebasedsolelyuponpriceaction,patterns,volumeortechnicalindicatorsoracombinationofthese.Andthesetupconditionsshouldalsoincludefilterstoselectonlythosestocksthatnotonlymeetthesetupconditionsbutalsohaveahighlikelihoodofbeingtriggeredintoapositionthefollowingdayinaccordancewiththeentryrules.

Figure7‐SetupConditions

Hereisanexample,usingTelechartchartingsoftware,Figure7.HereyoucanseetheresultsfromapplyingthesetupconditionsofagoodtradingmethodtothenightlyscanningfeatureofTelechart.Thescanisappliedto7,044USstocks(ofcourseyoucanapplythissameapproachtoanymajormarketaroundtheworld).Eachlinerepresentsauniquesetupconditionthatmustbemetinorderforastocktomeritfurtherconsiderationforselection.Afterapplyingthefirstcondition,thelistisnarroweddownto4,478stocksthatmetthefirstcondition.Afterapplyingthesecondcondition,thelistisfurthernarroweddownto1,565stocksandsoonuntiltheentirelistofsetupconditions



isappliednarrowingtheoriginallistof7,044stocksdowntojust8stocksthatmeetallofthesetupconditions.Acommonmisconceptionamongbeginnersisthatall8stocksmustthereforebetraded.Thatisnotthecaseatall.Infact,youonlywanttoputoneoratthemosttwonewtradesonperday.Remember,thesearenotso‐called“stockpicks”,butratheragroupofstocksthatmeetthemethod’ssetupconditionsonthatparticularnight.Sothepropercourseofactionisto:

Reviewthepricechartforeachstockselectedtoconfirmthatthesetupconditionshaveindeedbeenmet

Selecttheonethatlookstoofferthebestopportunity(basedonwhatIcall“standasidecriteria”)

Placeanentryorderbasedonthemethod’sentryrulesgoodforthefollowingday’strading

Thismayseemrathercomplicatedatfirstbrush,butit’slikeanythingelse‐onceyougetthehangofit,itallhappensveryquicklywithlittleeffort.Aquicknoteaboutmycommentaboveabout“stockpicks”…Itisnotuncommonforsomeone

who’stryingtobecomeanIndependentTradertolosefocuswhentheyseethisshortlistofstocks.Theirold“HolyGrailchasinghabits”maycausethemtothinkallofthesestocksshouldbeblindlytraded.That’stheDependentTraderrearingitsuglyhead.BECAREFULifyounoticethishappeningtoyou,andsticktoyourtradingmethod!



EntryRulesOncethesetupconditionshavebeenappliedviathescanningprocessandastockselectedfortrading,themethod’sentryrulesmustbeappliedtoensurethattheproperordertypeisusedtoenterthemarket.Forexample,somemethodsrequirepriceconfirmationintheexpecteddirectionofthetradebeforeenteringthetrade.Inthiscaseyouwoulduseastopentryorder.

Figure8‐CPWR

Let’slookatCPWR,Figure8,forexample.Let’ssayyourmethod’sentryrulewastoonlybuythissetupifthemarkettradesatorabove$11pershare.Inthiscasethen,youwouldenteranordertobuyXsharesat$11.00Stop.Thismeansthattheorderwillonlybefilledifthemarkettradesatorabove$11.00.Otherwise,itwillnotbefilled.Whenthishappens,theordertobuyissaidtohavenottriggeredintoaposition.Now,thereisaveryimportantpointtobemadehere.Andthatis,notallsetupsaretriggeredintopositions.Infact,itispossiblethatseveralsetupsinarowmaynotbetriggereduntilonefinallyis.Butthisisexactlywhatsuccessfultraderswant,toonlyenterthemarketwhenconditionsarejustright.



Manybeginnersbecomefrustratedwhensetupsarenottriggeredbecausetheyaresoanxioustotrade,nomatterwhat.Ofcourse,seasonedtradershavelearnedtobepatientandwaitforthemarkettocometothemandnottrytoforcethemarketintosomethingitisnotreadytodo.Anothertypeofsetupmightonlywanttoenterthemarketifitfirsttradesagainsttheexpectedmove.InthiscaseaLimitordercouldbeusedtoenterthetrade.

Figure9‐CPWR

Let’slookatFigure9,CPWR.Let’ssayourmethodsaysonlybuyifthepricefirstfallstoatorbelow$10.25.YouwouldthenenteranordertobuyXsharesat$10.25Limit.Thismeansthattheorderwillonlybefilledifthemarkettradesatorbelow$10.25.Otherwise,itwillnotbefilledandtheorderwillnothavebeentriggered.Andasstatedabove,thatisOK.Waitforthemarkettocometoyou.

InitialStopWhenanewtradeisinitiated,itisveryimportanttoknowbeforehandhowyouwillexitthetradeshoulditgoagainstyourposition.Oranotherwaytosaythatis,don’teverinitiateanewtradewithoutfirstknowinghowtoexittheposition



ataloss,shouldthatoccur.Theinitialstopisakeycomponenttocontrollingandminimizingriskinyourtrading.Thedifferencebetweenyourentrypriceandyourstoplosspricerepresentsyourplannedriskinthetradeonadollarspersharebasis.Theexactplacementofthestopdependsonthenatureofthesetupconditionsandentryrulesofthetradingmethodthatyouareusing.Butinallcases,theinitialstopshouldbesetatwhereyoudon’texpectthemarkettogo,andifitdoes,youwanttobeoutofthetradebecausethemarketdidnotactasexpectedandthepremiseofthetradeisoverwith.YousimplygetoutatthatpointwitharelativelysmalllossandmoveontothenextopportunityAnotherkeycomponent,andwhatIbelieveisthemostimportantcomponent,isthepercentofyouraccountsizethatyouwillberiskingonthetrade.Agoodgeneralruleistoneverriskmorethan2%ofyouraccountsizepertrade.Thatdoesn’tmeanyoumustrisk2%ofyouraccountsize,justnomorethan2%ofyouraccountsize.

Figure10‐CMA

Let’slookatanexample.HereisachartofCMA,Figure10.Let’ssayyourmethodhadyoubuyingCMAat$27withastoplossof$25.Yourpershareriskinthetradewouldbe$2.Let’salsoassumethatyouraccountsizewas$10,000.Multiplying$10,000by2%wouldgiveyouamaximumallowableplannedriskof



$200.Dividing$200by$2givesyouamaximumof100sharesthatyoucouldbuyonthistrade.Soyoucanreadilyseehoweasyitistodeterminethemaximumnumberofsharesthatyoushouldconsideronanyonetradeinordertoadheretothe2%rule.

ExitStrategyWiththeinitialstopinplace,itisnowtimetomanagethetradeasitunfolds.Agoodmethodwilldefinethepreciseexitstrategytofolloweachandeverydaythatthetradeisstillopennomatterwhatthemarketdoes.Inotherwords,youshouldneverhavetowonderwhattodoonceyouareinatrade,whetherornottotakeprofits,wheretotakeprofits,whentotightentheinitialstoptofurtherreducetheriskinthetradeandsoon.Theprincipaldilemmafacedbytradersonceinatradeishowtoexit.Whenthetradeisshowingopenprofits,howfardoyouletthemarketgobeforeyoubegintolockinsomeofthoseprofits?Ifyouuseatrailingstopstrategyandyourstopismoveduptoorapidlybecauseyouareafraidtolosethoseopenprofits,youruntheriskofbeingstoppedoutprematurelybeforetheswingmoveisoverwith.Andifyoumovethetrailingstopuptooslowly,youruntheriskofgivingbacktoomuchofyouropenprofit.Sowhatshouldyoudo?Well,Ibelieveoneofthebestexitstrategiesistoscaleoutofthetradeintwosteps.Exitthefirsthalfpositionatapredeterminedprofittarget.Thiscanbeassimpleas10%profitoratsomelevelofresistanceofsupport,oratapivotpoint,oranynumberofways.Butwhentheprofittargetishit,youdotwothings:

1. Youputmoneysafelyinyouraccount2. Youreducetheriskinthetradebyatleastonehalf



Nowtheremaininghalfpositioncanbetheonewhereyou“letyourprofitsrun,”protectedbyatrailingstop.Andtherearenumerouswaystosetatrailingstop.Buttheideaistogivethemarketenoughroomtomovearoundwithoutgettingstoppedout,butatthesametimemovingthestoptolockinmoreandmoreprofitsasthetrademovesinafavorabledirection.Thatwayyouhavetheopportunitytostayonboardforapotentialmega‐moveswingtradeforthesecondhalfposition.Byutilizingthistwo‐stepscalingstrategy,youhavethebestofbothworlds.Youtakeprofitsatapredeterminedprofittargetandyoualsohavethechancetostayonboardamega‐moveswingforevengreaterprofits.

Figure11‐CPWR

HereisanexampleofapplyingthisstrategytoCPWR,Figure11.Let’ssayyouboughtCPWRat$8.00ashareandsetyourprofittargetat10%ofyourentryprice.Youwouldthenexitonehalfpositionat$8.80usingaLimitordertobuyat$8.80Limit.Thatorderwillonlybeexecutedifthepricetradesatorabove$8.80.Inthiscase,youcanseethatthatpricelevelwasachievedafterafewdaysinthetrade.Now,atthesametimeyoucanapplyatrailingstopasthemarketmovesuptolockinprofitsbutstillgivethemarketroomtomovearoundwithoutprematurely



beingstoppedout.Let’ssayyouuseda4‐daytrailingstop(notethesmalldashlinesshownonthechart).Suchastrategywouldhaveallowedyoutostayonboardthisswingmoveupallofthewaytoabout$10,ora25%profitonthesecondhalfposition.Again,thereisnowaytoknowaheadoftimewhatwillhappen,butyoucanseebyapplyingthissimplestrategyinthisexample,youwouldhaveknownwhattodonomatterwhatthemarketdid,andinthiscasebothlegsofthetradewouldhavepaidoffhandsomely.

ProfitPlan#4:KnowWhenNOTToTrade

Tradingfirstandforemostisaboutmanagingrisk,andoneofthekeysecretstosuccessfultradingisknowingwhenandwhatnottotrade.Assuccessfultradersknow,youhavetheadvantageoverthemarketsifyoupickyourpointsandifyou’repatient‐ifyouwaitforyourtradingmethodtosetupforthosestocksthatgiveyouthebestchanceofsuccesswheretheopportunityforprofitishighandtheriskoflossislower.Thesearethekeyentrypointsthatoccuroverandoveragaininthemarkets,butyouonlywanttotakethosetradesinmarketsthataretradingdeliberately,inadeliberatefashion,dayinanddayoutwhere

thereissomelevelofpredictability.Now,ifamarketisnotexhibitingthatkindofbehavior,thenyoujustdon’twanttotradethatstock.It’sfartoorisky!Youmightask,“Whatdoyoumeanbydeliberatetrading?”Well,Iamgoingtodefinethatforyoubyshowingyou5differentcaseswhereamarketiseithernottradingdeliberatelyorisathighriskofnotdoingso.Whereitwillbecomecleartoyouthatifanyoneofthosecasesoccurs,ormorethanoneatthesametime,youshouldstandasideandnottradethatmarket.Thereissimplynoreasonto



dosowhentherearesomanygoodopportunitiesoutthere.Also,ifyouhaveagoodtradingmethod,thatmethodwillhelpyouscreenoutthestocksthatareinappropriatefortrading,andzeroinonthosefewthataretheverybestforswingtrading.

1.SignificantGapsInFigure12,IhaveplottedadailybarchartofstocksymbolADSK.ThisisanexampleofthetypeofstockthatIwouldnottrade.Thisstock’spricebehaviorexhibitsthefirststandasidecaseandthatiswhenyouseegapsintheprice.Agapiswheninanupmarketthelowoftodayisgreaterthanthehighofyesterdaywherenotradingtookplace.Orwheninadownmarketthehighoftodayislessthanthelowofyesterday.Thegreaterthegap(usually8%oftheclosingpriceormore)themoresignificantitisinsignalingastandasidecondition.YoucanseethatthegapdowninlateFebruarywasgreaterthan8%oftheclosingpriceofthegapdownday.ThegapinlateAprilwassmallerandnotassignificant.Butagain,thegapupinmidAugustwasgreaterthan8%oftheclosingpriceofthegapupday.

Figure12‐ADSK

NowthereasonwewanttostandasideoftradingthistypeofpricebehaviorisIdon’twanttogetcaughtinalongpositioninmidFebruary,onlytoseethemarketgapdownagainstmypositionwithafargreaterlossthanplanned.Or



getcaughtinashortpositioninearlyAugust,onlytoseethemarketgapupagainstmypositionwithafargreaterlossthanplanned.So,astockthathasexhibitedthiskindofgappingbehaviorinthepastisasignalorawarningthatit’slikelytooccuragain.Andsowhytakethechance?Thekeyislookbackatleastthreemonthsonthepricechartorevensixmonths,butatleastthreemonthsandifyouseethatthepricehasbeengappingthenstandasideandgoontothenextstocktradingopportunity.InFigure13,IhaveplottedadailybarchartofstocksymbolABK.Thisisanotherexampleofthekindofpricegappingbehaviorthatsignalstheneedtostandaside.Infactonthisoneanotherreasontostandasidecanbeseen.WhenamarketgapsdownsharplylikethisonedidinOctoberandthenagaininJanuary,thatusuallyisfollowedbyaprolongedsidewaysmovementinthemarketforseveralweeksandevenmonthsasoccurredhere.Anotherreasontostandasideaswhowantstohavetheirtradingcapitallockedupinatradethatisgoingnowhere?

Figure13‐ABK

InFigure14,IhaveplottedadailybarchartofNBIX.Hereisanotherexampleofthissidewayspricebehaviorphenomenon.LookatthehugegapdowninDecember.Thatwasfollowedby8monthsofsidewayspricebehavior.Atradeinthatstockafterthegapdownwouldhavejustlockedupprecioustradingcapitalinatradethatisgoingnowhere.



Figure14‐NBIX

Alsotradingsuchastockwouldbeveryrisky,becauseanothersignificantgapcouldoccuraswell,invitingmoreriskthanisnecessarywhenswingtradingthemarkets.Fromthisonestandasidecasealone,Ithinkyoucanreadilyseehowimportantitistoknowwhichstocksnottotrade.Let’slookatGDIinFigure15.NotethegapsinAprilandJuly.AftertheAprilgap,itdidtrendup,butlet’ssayyouthoughtthemarketwasgoingtotakeanotherlegupinJulyandyougolong,ignoringthefactthatagaphadoccurredinApril.Thenthemarketgapsdownagainstyourlongposition,notagoodplacetobe.



Figure15‐GDI

Whatwasthecluetothispossibility?Thefactthatithadgappedbeforeintherecentpast.Stayawaywhenthathappens.Inthiscaseaswell,afterthegapdowninJulythemarketisjustchoppingsidewaysgoingnowhere.Let’slookatonemore,TBLinFigure16.AgapupoccurredinlateAprilfollowedbysidewayscongestionforacoupleofmonths.Itdidn’tgapagain,butdidexhibitverychoppypricebehaviortypicalofagappingmarket.Also,youcanseethatthiswasarangeboundmarketwithpricetradingbetween13and19foralmostayearandlurchingallaboutthepricechartfromdowntoupanddownagain,notthekindofstockwewanttobetrading.Thismarketalsohadsomeveryunusuallywiderangedaysthroughoutthechartthatleadstoournextstandasidecase.



Figure16‐TBL

2.UnusualWideRangeDaysMovingonnowtothenextstandasidecase,unusuallywiderangedays,let’slookatachartofHPQ,Figure17.Youcanseethatthisstockhastradedfrom42to52forseveralmonthsbackandforthandthenlookatthewiderangedaysontheleftsideofthechart.InearlyNovember,therewasadaywithahighof52andalowof48.50foradailyrangeof3.50ona$50stock.AlsoyoucanseeseveralwiderangedaysinJanuary,MarchandMay.



Figure17‐HPQ

YoucanseehowthebehaviorofthispriceactioncansurpriseyouatanytimelikeitdidinMaywithanover$4dailypricerange.Yousimplydonotwanttotradethesekindsofstocks.Theyaretoounpredictablewithtoomuchdaytodayrisk.Youarenottradingtogamble;ratheryouaretradingtoputtheoddsinyourfavor.Andwhenyouseeastocklikethiswiththeseunusuallywiderangedaysalloverthechart,theprudentthingtodoistostandasideandgoontoanotherstocktradingopportunitywithastockthatistradingdeliberatelywithoutsignificantgapsorunusuallywiderangedays.Here’sanotherone,GFF,Figure18.Thisisalowerpricedstock,probablynotrealhighvolumeexhibitingseveralunusuallywiderangedaysacrosstheboard.Youalsohavesomegapsandyoucanseehowthepriceactionjust“stutters”alonglikeanelectrocardiogram.Whenyouseeachartlikethis,youshouldrunawayfromit.Don’ttradethis;it’stoounpredictable,lurchingaboutwiththerisk/rewardoutofkilter.



Figure18‐GFF

Let’slookatACIW,Figure19.Onthischartweseegapsandwiderangedays,includinga$6rangeinonedayinAugust.Whowantstotradeastockwiththatkindofvolatility?

Figure19‐ACIW

InJuly,whatifyouwereinalongtradeexpectingthemarkettogohigheronlytoseea$6moveagainstyourpositiononarelativelylowpricedstock?Whatwasthecluethatthatcouldhappen?Lookbackearlieronthechartandobservethe



numerouswiderangedaysandgapsprecedingthat$6drop.Plentyofcluesshoutingtoyouto“standaside,donottradethisstock.”Let’slookatSNTS,Figure20.Thisoneisalittlebitdifferent.Thisisalowpricedstockandalmosteverydayisawiderangedaywhencomparedtothepriceofthestock.It’sonlya$2stockandeveryday’srangeispractically20to30cents.Forexample,inMarchtherewasa50centwiderangedaywhichisa25%moveinonedayona$2stock.Fartoomuchriskandthekindofstocktostayawayfrom.

Figure20‐SNTS

Iwouldencourageyoutostudythechartsofyourchoosingtopracticespottingthesegapsandwiderangedayssothatyoucanseeforyourselfhowpricebehaveswiththesetypesofstocks.Andonceyougetthehangofit,you’llbeabletolookatanychartandtellinaninstantwhetherornotitisoneworthyoftrading.Let’slookatonemore,RAIL,Figure21.Seeifyoucanspotthewiderangedaysonthischart.



Figure21‐RAIL

3.CongestionPatternThenextstockexample,BLT,Figure22,demonstratesthethirdstandasidecase,wherestocksaretrappedinacongestionorsidewayspattern.Here’swhatIamtalkingabout.LookatthechartinJanuary‐February,thepriceisjustchatteringbackandforthbetween$11and$12,thenitwidensoutto$11and$13inMarch…thenagaininMayandJunebetween$13and$14…thenagaininJulyafterthebigdrop.Thisisthekindofstockthatlikestotradeinanoisysidewayspatternoverandoveragain,goingnowhere,thekindofstocktostayawayfrom.



Figure22‐BLT

Anotherexample,MOVE,Figure23,lookatthesidewaysactioninApril‐Juneandthenthechoppy,lurchingswingsthereafter.Toomuchrisk.Stayaway.

Figure23‐MOVE

Anotherexample,ZUMZ,Figure24.ThisstockgappeddowninNovemberandDecemberandthenasexpectedfromstandasidecase1,proceededtotradeinaprolongedsidewayschoppypattern,again,goingnowhere.Nosenselockingupprecioustradingcapitalinthiskindofstock.Youcanbegintoseehowthese



standasideconditionsarenotmutuallyexclusiveasitiscommonformorethanoneofthemtoappearonanyonestockpricechart.

Figure24‐ZUMZ

Let’slookatonemore,SBP,Figure25.Thisstockisrangeboundbetween$10and$14forover7monthsandwithinthatperiodevenatighterrangeattimes.Again,thepricepatternlookslikeanelectrocardiogramoraliedetectortestprintout,standaside.

Figure25‐SBP



4.EarningsAnnouncementsMovingonnowtothefourthstandasidecase.Thiscaseissituationalratherthanrelatedtopricebehavior.Thiscaseistostandasidefromputtingonanewtradetheweekofearningsannouncement.Evenifit’sanicedeliberatelytradingstockandlooksgoodinallotherrespectsofmeetingyourtradingmethodssetupconditions,youshouldstandasidetheweekofearningsannouncement.Why?Becauseyoudon’tknowhowtheanalystsaregoingtoreacttothereportorhowthemarketwillreacttothereportandbecauseofthatyoutendtohaveincreasedvolatilitythatweekthatsometimesexpressesitselfinviolentpricereactions,whichofcourseincreasesrisktoapointwhereitisjustnotworthinitiatinganewtradeinthatenvironment.Forexample,FLR,Figure26.Thisstockskyrocketedfrom$82to$95ontheearningsannouncementinMay,notagoodtimetoinitiateanewtrade.Ontheotherhand,ifyouarealreadyinatradegoingintoearningsannouncementweekandhaveanopenprofit,youmaywanttotightenupyourtrailingstop,butoftentimestheearningsreportwillhelpyourtradesignificantlyasitwouldhaveinthisexamplehadyoubeenlonggoingintoearningsannouncementweek.Butdon’tinitiateanewtrade.Why?Becausethemarketcouldhavegappeddownaswell.Toomuchrisk.

Figure26‐FLR



Let’slookatonemore,NTY,Figure27.Thiswasasurprisetothedownside.Thisonedropped$6inAprilontheearningsannouncement.Sohadyourmethodtoldyoutogetlongthatweekpriortotheannouncementinwhatlookedtobeastrongbullrun,youwouldhaveexperiencedaquickandsignificantlossthatwaswellbeyondtheplannedriskinsuchatrade.Toorisky.Standaside.

Figure27‐NTY

FOMCWeekThefifthstandasidecaseisalsosituationalratherthanrelatedtopricebehavior.ThiscaseistostandasidefromputtingonanewtradetheweekoftheFederalReserveFOMCmeeting.Thesemeetingsoccurabout8timesayearandarepublishedwellinadvance.Again,evenifit’sanicedeliberatelytradingstockandlooksgoodinallotherrespectsofmeetingyourtradingmethodssetupconditions,youshouldstandasideFOMCweek.Thereasoninghereissimilartothecasefourstandasidesituationinthatyoudon’tknowhowtheanalystsorthemarketwillreacttotheFed’sinterestratepolicydecisionnortheFed’scommentarythataccompaniesthatannouncement.Consequently,aftertradinginatentativemannerMondayandTuesdayofFOMCweek,themarketoftenreactsviolentlyforthebalanceoftheweekfollowingtheFedsannouncementwhichusuallyoccursonWednesday,lurchingfromone



extremetoanotherinoppositedirectionswhileittriestodigesttheFed’spronouncements.Let’slookatoneexample,CAT(Figure28).TheFedmetonthe29thand30thofJanuary2008.Andsoinanuptrendingmarket,themarketspikeshigheronthe30th(theannouncementday)onlytocloseloweronthedayleadingonetoexpectthestocktoheadlowerthenextfewdays.Butinstead,whileCATdoestradelowerforatime,laterintheday,itjumpshigherfora$4moveclosingnearthehighsoftheday.Thisisnotthekindofenvironmenttobeinitiatingnewtrades,toomuchrisk.Ifyouwerealreadylongwithaniceopenprofit,fine,tightenupstops,butnonewtradesFOMCweek.

Figure28‐CAT

AndthenlookingaheadattheMarchFOMCmeeting(Figure29),youcanseethatthemarketclosed$2higheronthe18thonlytoclose$3loweronthe19th.Again,toomuchriskforanewtrade.



Figure29‐CAT

DeliberatelyTradingStocksThosearethefivestandasidecasesthatwillshieldyoufromunnecessaryriskwheninitiatingnewtrades.Nowlet’slookatsomestocksthatIcalldeliberatelytradingstocksthataresuitableforswingtradingcandidates.ThefirstoneisAAPL,Figure30.AndhereIwanttoteachyouhowtotransitionfromastandasidecasetoatradeablesituationasastock’spricepatternchanges.



Figure30‐AAPL

OntheAAPLchartyoucanseewiderangedaysandgapsfromNovembertoJanuary,andofcoursethattellsyoutostandasideasthemarkettradedsidewaysthereafter.ButtheninMarchthepriceactionsettlesdown,istrendinghigheroutofcongestionandistradinginadeliberatemanner–nogaps‐niceandeasyandinatrendingfashion.AndsoifyourtradingmethodtoldyoutogolonginApril,itwouldthenbeOKtogoaheadandtakethattrade.AfterpeakinginMay,themarketthengetsbackintoaconsolidatingrangeandthenfollowedbyaverywiderangedayinJuly,soclearlyitistimeonceagaintostandasideuntilAAPLbeginssettlingdownandagaintradesinadeliberatemanner.Here’sanotherexampleofadeliberatelytradingstock,CEPH,Figure31.AftersomeFebruary‐Marchwiderangedaysandsomecongestion,themarketbeginstotradeinadeliberatemanner,freeofgaps,widerangedays,andcongestion.



Figure31‐CEPH

GoodtradingmethodscouldhavepickedupthebigmoveupfromMaytoAugust,butthemoreimportantpointhereisthatthismarketwastradingdeliberatelyduringthatentiretimesignalingagreenlighttogoaheadandfollowyourmethod’sentrysignals.AndnoticehowthemarketgetsquiettowardstheendofJune–earlyJuly.Byquiet,Imeannarrowerrangedaysinaverydeliberatefashion,providinganexcellentplacetoenteranewtradewithrelativelylowrisk.Sothinkquiet‐adeliberatelytradingmarketisaquietmarket.Whilewildswingsandgapsconstitutesanoisymarketfullofrisk.Nowlet’sturntoMER,Figure32.Hereisanother,withfewexceptions,deliberatelytradingstockuntilJulywhentherewerewideswingsfollowedbyasidewaysmarketwhereyouwouldstandasideuntilthemarketquietsdownandgetsbackintoatrendingmode.PriortoJuly,therewerenumeroustimestoenterhighprobabilitylowerrisktradeswhenthemarketwasquiet.



Figure32‐MER

Here’sanotherexample,CMA,Figure33.Anotherdeliberatemarket,alittlechoppyinearly’08,butnotbadallthewayintoJulywhenitgotnoisy.

Figure33‐CMA

Anotherexample,PH,Figure34.Inthiscasealotofmovementfrom$65to$85andbackdownagain,butyoucanseethatitwasafairlyorderlymarket.AfterthewiderangedaysinJanuaryyouwouldstandasideuntilthemarketstartedtrendingagaininMarch.NumeroustradeopportunitiesonthelongandshortsideoccurreduntilwiderangedaysandgapsdevelopedinJuly‐Augustsignaling



thatitwastimetostandaside.Ihopeyouaregettingtheebbandflowofthemarketsfromnoisytoquietandbacktonoisyandthereforewhenit’sOKtotradeandwhenitisbetternottotrade.

Figure34‐PH

LookatTSO,Figure35‐almostaperfectdeliberatelytradingmarketformonthsonendprovidingnumerousgreatshortingopportunities.

Figure35‐TSO



So,insummary,youcanthinkofthefivestandasidecasescoveredinthissectionasyourownpersonaltradingRiskShield.ThisRiskShieldshouldminimizeyourexposuretohigherriskmarketsandconsequentlyshouldputtheoddsinyourfavorfromwhattheywouldotherwisebe.AndwiththatRiskShield,you’llbeabletoidentifythosemarketsthatareappropriate,thataretradingdeliberately,thatsetuphigh‐probability,lower‐riskentrypointswhenthemarketsarequietandgreatlyenhancetheopportunityfortradingsuccess.TheRiskShieldwillhelpyouinyourtradingregardlessofwhattradingmethodsyouuse.

ProfitPlan#5:ControlYourEmotionsMuchhasbeenwrittenonthissubjectinoneformoranother.Thisisthepsychological,emotional,anddisciplineaspectoftrading.Thisistheaspectoftradingthatbeginnerslovetoignore,totheirperil.WARNING:Donotignorethissection,orthinkitisnotasimportantastheothersectionsinthisreport.Themerefactthatyou’vereadthisfarshouldbeaclearindicationthatyou’restillsearchingforwaystoimproveyourtrading.Otherwise,whywereyoueveninterestedinthisreportinthefirstplace?Forfullmasteryofdisciplinedtrading,Iwouldencourageyoutogetagoodbookortwoonthissubject,butinthisreportIwillgiveyoumythoughtsonthisimportantsubject.Thetrader’smindsetisaboutcontrollingfearandgreed.Fearandgreedarewhatdrivethemarkets,andtobeasuccessfultraderyoumustcontrolthesetwofeelingsandtheresultingemotionsthattheydrive.Greedcancausethebeginningtradertojumpinandbegintradingbeforehavinghadtheappropriatetradingeducationonlytomakemistakeaftermistakewithunhappyresults.Fear,ontheotherhand,cancauseawould‐bebeginningtradertonevertakethefirststeptowardsgettingeducatedabouttrading.Ifyouunderstandthattradingisabusinessthatisattemptingtominimizeriskandmaximizeprofitpotential,thenyouknowthattherewillbelosingaswellaswinningtradesandthatyoumustgettheappropriatetradingeducationtobesuccessful.



Itisparamountthatwhenyou’rewinning,youdonotbecomeelated,andflushedwithfeelingsofsuccess.Why?Becausethegreedfactorwilllikelykickinandthenyou’llbegintomakeseriousmistakesinyourtrading.Likeover‐trading,riskingtoomuchoneachtrade,throwingcautiontothewind,foregousingstopsandsoon.Whenyou’rewinning,youtendtofeelyoucandonowrong.Plainandsimple,thatmindsetisasetupforfailure.Itisequallyparamountthatwhenyou’relosing,youdonotbecomeupsetandstartbeatingyourselfupwithanegativemindset.Why?Becausethefearfactorwilllikelykickinandthenyou’llbegintomakeseriousmistakesinyourtrading.Liketryingtomakeuplossesallatonceonthenexttrade,byovertradingandtakingonfartoomuchriskonthatonetrade.Youmaybegintoignorestoplosspointsanddevelopsuchastateoffearthatyouwillnotexitatradethatisgoingagainstyourpositiontothepointoflettingthattrade’slossescontinuetogrowbeyondanythingthatwasoriginallyintendedwhenthetradewasinitiated–tothepointofpotentiallywipingoutyourentireaccount.Youcanbecomefrozenbyfear.Andsothesuccessfultraderisawareofthisdouble‐edgedswordandmaintainsacalm,collected,almostdetachedattituderegardingbothwinningandlosingtrades(seeFigure36).

Figure36



Now,fearcanalsopreventabeginningtraderoratraderwhohasmademistakesinthepastwithpoorresultsfrompullingthetriggeronthenexttrade.Thisisespeciallycommonafterthetraderlearnsandmastersnewgoodtradingmethods,butbecauseofthefearfactorisafraidtoactuallypullthetriggeronanewtrade.GreeddrivestheemotionalneedtobelieveintheHolyGrailoftradingorthebeliefthatitispossibletotradewithouteverlosing,andthenwhenlossesdooccursuchatraderisshockedanddismayedandpossiblygivesupontradingaltogetherwithouteverunderstandingwhathappenedtothem.Sowhilemosttraderscanunderstandthepitfallsoffearandgreed,thequestionremainshowtocontroltheseemotions.Andwhiletheanswertothisquestionrequiresagreatdealofunderstandingandintrospectionintothemindofthetrader,Iwouldliketoofferafewpracticaltips.

1. Firstandforemost,Ibelievethatyoushouldnevertradewithmoneythatyoucannotaffordtolose.Doingsosimplyputstoomuchpressureonyou,makingitverydifficulttocontrolbothfearandgreed.

2. Second,whentrading,itisneveradvisabletoriskmorethan2%ofyouraccountsize,andevenasmallerlevelofriskforlargeraccountsonanyonetrade.Riskingmorehasthepotentialtodogreatdamagetoyouraccount,nottomentiontheemotionalandpsychologicaldamagedone.Whentradingbyriskinglessthan2%ofyouraccountsizeyouaremuchmorelikelytobeabletokeepfearandgreedincheckandremaindisciplinedinyourtrading.

3. Third,masterpowerfulbutsimplemethodstoguideyourtrading.Ifyouhavenotmasteredagoodmethod,thenitissafetosaythatyouhavenoedgetradingthemarketsandaredoingnothingmorethangambling.Yourtradingmethodsmustalsobeassimpleaspossibleorelseyouwon’tfollowthem.Themorecomplexyourtradingmethodsare,thelesslikelyyouaregoingtofollowthosemethodsandbeabletostaydisciplinedinyourtrading.AlbertEinsteinsaid,“Thesolutiontoanyproblemshouldbeassimpleaspossible,butnosimpler.”Andthiscertainlyappliestotradingmethodsaswell.



4. Fourth,papertradenewmethodsuntilyoufeelyouhavemasteredthem,andonlythentradewithaliveaccount.Thisallowsyoutomakeallofthemistakesthatarenormalinthelearningprocesswithademopapertradingaccountthatwillnotrobyouofyourtradingcapital.

Ibelievethatbyfollowingthesepracticaltips,thatyourabilitytodevelopandmaintaintherightmindset,keepingfearandgreedincheck,isgreatlyenhancedandaprerequisitetosuccessfultrading.

StockTradingFREEDOMinJust20MinutesaDay?AsIsaidbefore,I’vebeenteachingthousandsoffolksjustlikeyouhowtotradethemarketssince2001.Backthen,therewasaTONoftradinginformationonline(andoffline,forthatmatter).Andtoday,thisinformationseemstohavemultipliedexponentially.Sowheredoyoubegin?Well,tradingisaverypersonalbusinessandI’vealwaysmaintainedthatyouneedtotradewithamethodthatfitsyouremotions,tradingstyle,andpersonallifestyle.

Butwhatareweallreallytryingtoachieve?Honestly.It’snotadigitaltradingaccountpaddedwithabunchofzerosisit?Sure,weallwanttomakeaprofit(aBIGprofit,right?),butwhatweultimatelywantiswhatthatmoneycandoforus.

There’ssomethingtobesaidaboutlifestyle,andyouneedtoaskyourselfaverypersonalquestion.What’stherightmixoftradingandnon‐tradingactivityforyou?Whenitcomestobalancingthis,IthinkI’vebeenthroughitall.Inmyearlydays,whenIwaskillingmyselftocaptureprofitsdaytrading,mylifeoutsidetradingsufferedandtooksomebigbruises.IrememberatleastafewtimeswhereIwouldbeinaverycriticalmeetingatmydayjob,wheremyfocuswasneeded100%totrulybeeffective,butmymindwouldwandertothatopentrade



Ihadjustplacedanhourearlier.Sonotonlydidmyeffectivenessatworksuffer,butmytradingdid,too.

AndtherewasalsoastretchoftimewhenI’dgethomefromalongdayofwork,seemywifeandkidsatdinnerandthendisappearintomytrading“lair”withapotofblackcoffee,asmywifeputthekidstobedandfellasleepwithoutme.

Thesearesomeoftheeventsthatdrovemetodiscovertradingmethodsthatonlyrequirednomorethan20minutesanighttoapply.AndwhenIbegansharingthemwiththeworldin2001,IfoundoutIwasnotalone.Therewerethousandsoftradersouttherewhofeltjustlikeme.

However,that’sjustmyexperience,andmystory.Youneedtolookatyourstoryanddecidewhat’srightforyou.Youmaylovestaringatchartsforhoursonendalldaylong.Ifthat’syou,Ireallyhopeitworksoutforyou.AllIknowisthat’snotforme.

Buthoweveryoudecidetotradethestockmarket,youneedtodooneoftwothingstobesuccessfulbasedonmyexperience:

1. Dedicateyearsofyourlifetotest,experiment,tweak,try,invent,etc.agoodtradingmethodonyourown.

2. Investinagoodtradingmethoddevelopedbysomeonewho’salreadygonethrougheverythingdescribedinitem1above.

Waybackinthe1970’s,Ididn’tunderstandthis,soIchoseoptionone.IttookmeyearstofinallycomeupwiththecoretradingconceptsthatIknowtobetrueandeffective.Thefunnythingis,Iranintoahandfulofgreattradingmethodsthat,hadIhadtherightmindsetandunderstoodtheconceptsItalkaboutinthisreport,Iprobablywouldhaveavoidedyearsoflossesandfrustration.

AllIknowisthatifIhadatimemachine,I’dgobackintimeto1974andslapmyyoungerselfinthefaceandsay,“Don’teventhinkaboutit.Goodmethodsalreadyexist.Findthem,andtradethem.”I’dalsogivemyselfacopyofthisreport!

So,sometraderswhineandcomplainaboutspendingmoneytolearnhowtotrade.Ortheymoanabouthavingtosubscribetoamonthlydatafeedserviceforgoodtradingdata.Ijustdon’tgetit!Tradingisaseriousbusiness.Inthebroaderpicture,Ibelievespendingmoneyontradingeducationoronchartingsoftwareisanabsolutenecessityforquicklyreachingyourtradinggoals.Sure,youcangotothelibraryorreadeveryfreearticleyoucanfindonline.Ilookatitthisway:



You’regoingtospendthemoneyonewayoranotherlearninghowtotrade;eitherinlosingtradesovertime,orupfrontingoodtradingeducation.

Letmebeclear.Thisreportisnotatradingmethod.It’smerelyacollectionofideasandplansyoucanusetoputtogetheryourowntradingregimen.Yes,Ibelieveitcontainssomeverygoodinformationthatcanbeusedwithanytradingmethodonthemarket,whetherit’syourownorsomeoneelse’s.Butthisinformationisonlyonepieceofthelargertradingpuzzle.

Personally,ifIcanlearnjustonenewinsightoronenewnuggetofinformationwhenI’mevaluatinganewtradingmethod,thenwhatevertimeormoneyIinvestedinitwastotallyworthittome.Andasyoubecomeamoreexperiencedtrader,you’llseesomeofthesameconcepts

coveredagainandagaininvarioustradingmethodsandcourses.Butthat’sOK!

RememberwhatIsaidaboutsimplicity.Youdon’tneedanoverly‐complexmethodtobesuccessful.Ifyoulearnjustonenewtechnique,orifyouseeafamiliarconceptrephrasedinawaythatcreatesnewclarityforyou,thenyourtimeandinvestmentinthatmethodshouldhavebeenwellworthit.Thisismakinggradualimprovementstoyourtradingsuccessovertime,andit’ssomethingIbelieveallofusastradersshouldstrivefor.



WhyAreYouInterestedInTrading?Asyou’redigestingandassimilatingalltheinformationinthisreport,Iwantyoutothinkabouttheunderlying,corereasonswhyyou’reactuallyinterestedintradingthemarkets.Formosttraders,it’sbecauseyouwanttoimproveorchangesomethingthat’snotworkingforyou.

So,tohelpyouout,pleasetakeafewminutesandcompletethisshortactivitythatIlearnedfromStephenPierceafewyearsago.Ithinkyou’llfindthatitwillhelpyouclarifywhereyouare,whereyouwanttogo,andwhatit’sgoingtotaketogetthere.Ifyouhaven’talreadydoneso,Ihighlyrecommendyouprintthisentirereportoutsoyoucanactuallywriteonitandfillinyouranswerstothesequestions.I’vefoundbydoingitthatway,thisexercisewillbemuchmoreeffectiveforyou.

Now,here’ssomegoodnewsandbadnews.Thebadnewsisthattheoddsarestronglyagainstyoucompletingthisactivity.Why?Becausemostpeoplethinktheyjustneedthe‘hardstuff’whenitcomestotrading,andspendnotimeworkingontheir‘mentaledge’…butmostpeopledon’tsucceedinthemarkets,either.Gofigure.

Andthegoodnews?Ifyou’reunlikemostpeopleandactuallytakeafewmomentstocompletethisactivity,thenyou’llautomaticallyhaveanedgeoverallthetraderswhorefusetodoit.Thinkaboutthatforaminute…

(Bytheway,ifyou’reananalyticalpersonlikeIam,youmightfindthisactivityalittleweirdoruncomfortable–IknowIdid!Buttrustme,itforcesyoutothinkaboutwhatyoureallywantinlife,andthefirsttimeIdidthisactivity,itwasveryprofoundforme.Soifyou’refeelingalittleresistance,goaheadandsmashthroughitandcommittotakingthefirststeptocreatingthefutureyouwantRIGHTNOW.)



1. Whatisyourultimatedream?Thiscanbeanythingyouwant(forexample,retiringearly,travelingtheworld,sendingyourkidstocollege,startingyourowncharity,etc).Describeasifyoualreadyhaveandarecurrentlyexperiencingitrightnow(forexample,“Iretiredatage40andamcurrentlyonaworldtraveltourwithmywife.Sofar,we’vevisitedItaly,Spain,andPortugal,andhave8morecitiestovisitthisyear.”)____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

2. Whatdoesyourdreamlooklike?Describeitinasmuchdetailaspossible.(Continuingwiththeexampleabove,“MywifeandIarehealthyandhappyasweeffortlesslytravelfirstclassfromcountrytocountry.Aprivatelimousinepicksusupateachairportwelandatwhisksusofftothenext5‐starhotel.”)____________________________________________________________________________________________________________________________________________________________________________________________________________________________________________________

3. Whatdoesyourdreamfeellike?Again,useasmuchdetailasyoucan.(Forexample,“Itfeelssogoodtobefreeandtobeclosetomyfamily.ThestressandstrainIusedtowakeupwithwhenIstruggledtomakeendsmeetisnowgone.Ifeeltotallyrelaxedandincontrolforthefirsttimeinmylife.”)_______________________________________________________________________________________________________________________________________________________________________________________



_____________________________________________________________

4. Writedown5compellingreasonswhyyouMUSTtransformthisdreamintoreality.(Forexample,“Mykidsaregettingolder,andIMUSTspendmorefreetimewiththembeforetheygrowupandmoveaway.”)1)___________________________________________________________2)___________________________________________________________3)___________________________________________________________4)___________________________________________________________5)___________________________________________________________

5. Finally,writedown5thingsthatMUSTCHANGEinorderforyoutoachieveyourdream.(Forexample,“IMUSTdedicateatleast20minuteseverydaytostudyingsuccessfultradingmentors”,or“IMUSTfindagoodtradingmethodIcanrelyonsoIcanhaveconfidenceinplacingtrades”.)1)___________________________________________________________2)___________________________________________________________3)___________________________________________________________4)___________________________________________________________5)___________________________________________________________



Now,savethesepagesandkeepthemsomewherewheretheycanbereviewedeveryday.EventhoughIdidthisafewyearsago,Istillkeepmyanswersnexttomytradingcomputer.Itinspiresmetostayfocusedandontarget,andIhopethishelpsyoudothesame.

SummaryWell,that’sitforthisreport,myMarketMasteryProfitPlans.IreallyhopeyouhaveabetterunderstandingofwhatIbelieveittakestodramaticallyincreaseyourprofitpotentialinthemarkets.It’simportantthatyougobackandre‐readthisentirereportatleastonce.You’lllikelypickupsomecriticalconceptsyoumissedthefirsttimethrough.I’dliketothankeveryonewhotookthetimetosendmetheirtopquestionsandconcerns.Indoingso,youhelpedalotoftraderswhowillreadthisreport.AndIhopeyougotatleastoneusefulnuggetofinformationaboutstocktrading.Remember,youarenotaloneinyourquesttosuccessfullytradethemarkets–asalways,Iamheretohelpyou.



“MarketMasteryProtégéProgram”ReleaseDate:Tuesday,September30th,2008

Finally!Afterayearandahalfoftestingwithaveryselectgroupofindividuals,I’mabouttorelease950copiesofmyMarketMasteryProtégéProgramhomestudycoursetotheworldonTuesday,September30th,2008.ThisgroundbreakingcourseisallaboutachievingstockmarketFREEDOMinjust20minutesaday,anditwillbereleasedat10amEastern(NewYorktime),onthatTuesday.Ican’twaitforyoutogetyourhandsonthis!It’sacomplete,step‐by‐stepguidethatshowsyousomeofthemostpowerfulandfastestwaystotradethestockmarkets.Butinsteadofshowingyouhowtotradejustonemethod,theMarketMasteryProtégéProgramrevealsfourcompletemethodsthatdramaticallyincreaseyourabilitytopotentiallypullmoreprofitoutofthemarkets.



1+1+1+1=MarketSYNERGYThoseofyouwhohavebeenfollowingmyteachingsknowhowmuchILOVETRADING!EventhoughIhaveasolidsetofmethodsandtechniquesIuseformyowntrading,I’mconstantlytinkeringaroundinmy“tradinglab”.Besidesspendingtimewithmyfamily,it’swhatIliketodoinmysparetime.Somepeopleliketoplaygolf.I’dratherbetrading.Earlylastyear,Iobservedhowmosttradingmethodsaregreatforonetypeofmarketmove.Thisisfine,butwhathappensisthatifyouonlytradethatonemethod,youwillbegintonoticelongperiodsofinactivityinyourtrading.Now,there’snothingwrongwithjusttradingonemethod.Infact,I’dratherthatyoutradeLESSusingagoodmethod,thantradeMORE.However,Ialsoknewthatalotofpotentialprofitswerebeingleft“onthetable”byonlytradingwithonemethod.SoIwenttoworktoidentifythegeneraltypesofmarketmovesthatoccurredagainandagain,throughmyanalysisofcountlesshistoricalstockcharts.Iloggedatonofhoursdoingthis,butaftermyanalysis,IwasextremelyconfidentthatIwasontosomethingBIG.Afterquiteabitmorework,here’swhatIdiscovered:thatmoststockchartsexhibitfourdifferentkindsofdistinctmarketmovesthataretailor‐madeforshort‐termswingtrading.Afterthatdiscovery,andevenmoreanalysis,Iappliedmytime‐testedtradingprinciplestodesigninganddevelopingacustom‐madetradingmethodforeachofthesefourkindsofmarketmoves.WhenIwasfinished,Iwasexhilarated.No,Ihadn’tdiscoveredanykindofHolyGrail(remember,thatDOESN’TEXIST).ButwhatIhadcreatedwasa4‐pronged



approachtotradingthatIcouldapplytoalmostANYstockchart,againandagain.Further,byfollowingmyspecificentryandexitrules,IknewEXACTLYwhattodo,nomatterwhatthemarketdid,EVERYSINGLETIME.Andtotopitalloff,ImadesureIcouldapplyallfourmethodsin20minutesorlesseverynight,afterthemarketsclosed.Itreallylookedincredibletome…butIwantedtohand‐selectafewofmybeststudentstoseehowtheylikedit.

MyPrivateGroupMentoringProgramSowhatIdidwascreateanexclusive,invite‐onlygroupmentoringprogram.Ispecificallydesignedittobemy“flagship”stocktradingtraining.AndIknewitwasn’tgoingtobeforeveryone.First,itwasextremelyexpensive.Ididthisforafewreasons.One,toweedoutthelessserioustraders;butthemainreasonwasbecausethisprivategroupoftradersgotalotofmypersonaltime,everyweek,foroverayearandahalf.Andmytimeisveryvaluabletome(andIknowyoursis,too).Whileitwassomewhatexhaustingforme,Ireallyenjoyeddoingthis.Ilearnedalotaboutwhatmystudentslikedandwantedtoseemoreof,butmoreimportantly,IgotatonofvalidationthatthesefourmethodswereAWESOME……andalsothatanyonecouldlearnhowtotradethem!Soafterayearandahalf,Ifinallydecidedtoreleasethehomestudycoursefromthisprogramtotheworld.Andthegreatnewsisthatyou’llbeabletogetitatafractionofthecostoftheoriginalprogram.Thismaybetheonlytimethiswillhappen,soifthissoundsinteresting,keepreading.



MyCompetitorsAreJealous

Figure37‐BillPoulosinhisoffice

Ifyou’veseenanyofmyrecenttradingcourses,thenyougottoexperiencetheleading‐edgetechnologyIinvestedintoteachmymethodsinthemosteffectivewaypossible.IusedtheexactsametechnologytorecordallthematerialsfortheMarketMasteryProtégéProgram,includingastintinmysonandpartner,Greg’s,$20,000professionalrecordingstudio.Heusesitfromtimetotimetorecordmusic,butwe’vealsobeenusingitsince2001torecordthehighest‐qualitytrainingwepossiblycan.Iprobablydidn’tneedtodothis,butit’sreallyimportanttomethatyouenjoytheprocessoflearning,andthat’soneofthereasonsItooktheextrastepsandspenttheextratimeandmoneytocreatewhatIthinkisthehighestqualitystocktradinghomestudycourseI’veeverseen.Period.Manytradersaregoingtobetotallyblownawaywhentheylearnthecontentsofthiscourse.Andnotonlythat,thestocktradingeducationcommunityisabouttogetturnedonitsear.ThiscourseisgoingtoraisethebarsohighthatIpersonallythinkothersub‐standardcourseswillneedtobecompletely



overhauledandre‐doneiftheyhopetocompetewiththequality,content,andeffectivenessoftheMarketMasteryProtégéProgram.(Infact,atleastoneofmycompetitorswassoimpressedthatheprivatelytoldmethatheisplanningonre‐doingallofhiscoursesusingthesametechnologyweusedtodeveloptheMarketMasteryProtégéProgram.)

HowtheMarketMasteryProtégéProgramisDifferentFromOtherTradingCourses

Ikindofalreadytouchedonthisearlier,butIwantedtorevisitithere.AcommonquestionIhavebeenreceivingis,“Howisthiscoursedifferentfromalltheotherstocktradingcoursesoutthere?”Theotheroneis,“IfIalreadyhaveagoodstocktradingcourse,doIneedthisone?”Thesearefairquestions.

Herearetheanswers:ThiscourseisdifferentfromalltheotherstocktradingcoursesthatI’veseenbecauseitdrasticallycompressestheamountoftimeyouneedtospendactuallytrading(20minutesanight)bygivingyounotone,butfourcomplete,step‐by‐stepmethodsthatletyoujumpontheswingsIteachyoutospotagainandagaininordertomaximizeyourprofitpotential.Anddoyouneeditifyoualreadyhaveastocktradingcourse?Itreallydependsonyou.Ifyou’realreadysuccessfullydaytrading,orenjoyspendingalotoftimestaringatcharts,andaren’t

interestedinonlyspending20minutesanighttrading,thenthiscoursemaynotbeforyou.However,ifyou’relikeme(andmostofmyreaders)andwantto



learnhowtospendaslittletimeaspossibletrading(whilepotentiallypullinginmoreprofitthaneventhemostdieharddaytraders),thentheMarketMasteryProtégéProgramisdefinitelyforyou.OnemorequestionI’vebeengettingis,“Isthiscoursesimilartoyourothertradingcourses?”Andtheanswertothatoneisthis…theMarketMasteryProtégéProgramissimilarinitsgoalofteachingyoustep‐by‐steptradingmethodsyoucanownforlife,however,itcontains4totallyuniqueandbrandnewmethodsIdesignedspecificallyforthenuancesand“personalities”ofthefourmarketconditionsIteachyoutotakeadvantageofinthecourse.Imadesurethiscoursecouldbeunderstoodbybothnovicesandexpertsalike,soifyouconsideryourselfthelatter,youcanprobablyskipoveralltheintroductorymaterialandbegintradingevenmorequickly.AndI’mcertainthatyou’llstillfindmassivevalueintheMarketMasteryProtégéProgram.AnyonewhoknowsmeknowsthatIamallaboutseekingthetruthanddiscoveringtradingtacticsthatWORK.Ijustdon’tcareabouttheopinionsorideasofotherso‐called“gurus”.Ionlycareaboutresults.AndthisistheexactreasonIcreatedmyMarketMasteryProtégéProgramcourse.SoIcanteachhonest,hard‐workingtraders(justlikeyou)moreofthestrategies,tactics,andtradingphilosophiesIhaveworkedsohardtodiscoveroverthepast30+yearsthatcanpotentiallyimprovetheirtradingresultsandbottomline.Period.

WhoisTheMarketMasteryProtégéProgramFor?TheMarketMasteryProtégéProgramisperfectforyouifyouhaveanyinterestinspendingaslittletimepossibletrading,whilemaximizingyourprofitpotentialinthemarketsasmuchaspossible.Furthermore,thisprogramautomaticallyencompassesall5“profitplans”thatI’verevealedinthisreport.TheMarketMasteryProtégéProgramwillteachyouto:

1. BecomeanIndependentTrader2. TradeShort‐TermTrends3. UseaGoodTradingMethod(fourofthem)4. KnowWhenNOTToTrade5. ControlYourEmotions



So,dependingonwhereyou’reatinyourquestfortradingsuccess,thiscouldbethefastestwayforyoutogetthere.

Here’sWhat’sInsidetheBigWhiteBoxTheMarketMasteryProtégéProgramcontains13CD‐ROMsofhands‐on,step‐by‐step“videoscreencapture”tutorialsthatwillletyoudiscovertheexactstrategiesandtacticsthatwillhelpyoufindthosespotsinthestockmarketswheremajorshort‐termswingsareabouttobeestablished.AndIteachyouhowtopotentiallyprofitnomatterwhichwaythemarketsmove.Ialsoinclude9“tradingblueprints”thatsummarizeeachofthefourMarketMasteryProtégéProgrammethodssoyouhaveahandy,“at‐a‐glance”summaryyoucankeeprightnexttoyourtradingcomputersoyoualwaysknowexactlywhattodo–everytimeyouplaceatrade.There’salsoa442‐pagefull‐colortranscriptandreferenceguidewithallthechartsusedintheCD‐ROMs.Mystudentsreallylovethesereferenceguidesbecauseit’sveryeasytofliptoanypagetogetaquickrefresherontheconceptsyoulearnontheCD‐ROMs.Also,inordermakesureyougetoffontherightfoot,Iincludea12‐pageQuickStartGuidethatanswersthemostcommonquestionsabouthowtostudyandlearnmosteffectivelywiththeMarketMasteryProtégéProgram.I’mcurrentlyindiscussionswithsomeofmytradingassociatesandI’mworkingonevenmoresurprisebonusesand“add‐ons”thatI’mgoingtoincludewiththecourse.Idon’twanttomentionanythingjustyet,butIthinkyou’llbereallysurprisedwhenyouseewhatelseI’mgoingtoinclude.I’mdoingmybestto“pull



outallthestops”tomakesureyougettheabsolutebeststocktradinglearningexperienceontheplanet!

WhyAmIDoingThis?Someofmyreadersaskme,“Bill,whydoyouspendsomuchtimehelpingusout?”Goodquestion,indeed.Idospendanawfullotoftimeansweringquestionsfromnotonlymystudents,butsubscriberstomyfreeemailreports,too.Here’sthedeal–asIsaidbefore,Ireallydolovetrading.Nokiddingaround.I’mwhatyoumightcalla“tradingnerd”.Thosethatknowmeshouldbesurprised,however,becauseIwastrainedasanengineerandIhaveamaster’sdegreeinfinance.

Andincaseyouwerewondering,it’snotjustaboutthemoney.Sure,I’mrunningabusiness,buthonestly,Idon’tneedthemoneyfrommytradingeducationbusinesstosurvive.Ihaveasolidpensionfrom36yearsasanautomotiveexecutive,IRAsand401(k)sthatpaymeeveryyear,andIalsohaveanothercompletelyseparateautomotiveconsultingbusinessthatrequiresverylittleofmytime,buthasearnedmemorethanmostpeoplemakeworkingafulltimejob.Soifyoupullmytradingbusinesscompletelyoutofthepicture,myfamilyandIareverycomfortable.Wearetrulyblessed.That’swhywithmytradingbusinessIdecidedtopaymyemployeesverywell,andIdecidedtopackasmuchvalueas

possibleintoallmyproducts.Ialsobelieveingivingbackanddonatingtomyfavoritecharitableorganizations.SoIthinkI’mreallyluckyandinauniquepositionbecauseIdon’tneedtoputmyselfthroughanyunnecessaryfinancialstress,whichgivesmetheluxuryoftakingmytimetoreallyhelpoutmystudents.



I’velivedanamazinglifesofar,andatmyageitfeelssogoodtobeabletohelpsomanypeopleoutfromaroundtheworld.Ithinkthisismytruecallinginlife,andI’mreallygladI’mabletobeabletomentorandcoachsomanytraderssothatthey,too,havetherealpotentialtoachievethefreedomthey’relookingfor.

CanYouDoIt,Too?AquestionIgetaskedalotis,“I’mnotsureifIhavewhatittakestobesuccessfulwithyourtradingcourse.CanIachievethesameresultsasandbeassuccessfulasyourotherstudentsare?”Thisisanaturalconcernandafairquestion……andhere’stheanswer:Youdon’tneedtohaveamaster’sdegreeinfinancelikeIdo,nordoyouneedtohaveover30yearsofexperienceridingtheemotionalrollercoastersofthemarkets.Allyoureallyneedisthedesireanddrivetowanttoimproveyourstocktrading,andthentheabilityto“pullthetrigger”andtakeactiononwhatyou’velearned.Canyoudoitalone?Maybe,itcertainlyispossible.Butthequestionthenbecomes,“Howlongwillittakeyou,andhowmuchmoneywillthemarketsuckoutofyourtradingaccountbeforeyoufigureitout?”Iknow.I’vebeenthere.ButIalsoknowforafactthatevenifyouonlylearnandapplyjustoneofthefourmethodsIexposetoyouintheMarketMasteryProtégéProgramthatyou’llbetradingwith100%confidencefromdayoneandyou’llalsobeusingtime‐testedtradingprinciplesthat90%ofallstocktradersdon’tevenknowabout.



“StockTradingRiskShield”VideoOnlineForYouToWatch

Ijustputabrandnew,“insider”videoonlineforyoutowatch.It’scalledthe“StockTradingRiskShield”,andquitehonestly,IwouldNOTplaceanothertradeuntilyouwatchthisvideo.I’mserious.Itreveals5specifictimeswhenIbelieveyoushouldNOTbetradingatall.Sowhatthatbasicallydoesiscreateasortof“riskshield”youcanuseallthetime,whichwilldramaticallyreduceyourriskinthemarkets…sowhileothertradersaregettingclobberedinthemarkets,you’restandingonthesidelineswithyour“riskshield”,waitingfortherighttimetogetbackin.Gotothiswebpagerightnowtowatchthisbrandnewvideo:

www.marketmastery.com/6pack Onthatpage,underneaththevideo,you’llseeamanilafolderaskingforyourFirstNameandPrimaryEmailAddressthatgivesyoufreeaccesstomy“PriorityInsiders”list.Itlookslikethis:

Don’tworry,youdon’tneedtoenteryournameandemailtowatchmyStockTradingRiskShieldvideo…however,ifyouhaveanyinterestinsecuringacopyof

http://www.marketmastery.com/6pack



theMarketMasteryProtégéProgram,Ihighlyurgeyoutogofillouttheformonthatpageandjointhe“PriorityInsiders”listNOW.Why?For2veryspecificreasons–

1. I’mlimitingtheinitialreleaseoftheMarketMasteryProtégéProgramtoonly950copiesbecauseIwanttomakesurethatI’mabletosupportmychartergroupofMarketMasteryProtégéProgramstudents.Iusedthisapproachsuccessfullylastyearwithanotheroneofmytradingcoursesandthestudentsthatwereluckyenoughtogetacopyreallyappreciatedthepersonalattention.Plus,Ijustdon’tbelieveit’sfairtosell5,000copiesofthiscoursewhenIknowinmyheartthatthere’snowayIcouldsupportthatmanynewstudentsrightnow.

2. I’malsolimitingthisreleasetoonly7days.After7days,Iwillremovetheorderpage,evenifIhavenotsoldall950copies.Why?BecauseIdon’twanttoworryaboutshippingoutmorecopiesoftheMarketMasteryProtégéProgrameveryday.Idon’twanttospendtimeansweringorderingquestions.Iwouldratherputmyenergyintomakingsureallmystudentsthattookactionandpurchasedtheirowncopyofthecourseduringthefirstweekunderstandthematerialsandhavealloftheirquestionsansweredinatimelymanner.

Soit’seither950copiesor7days,whichevercomesfirst.IfIhavecopiesleftoverafterthefirst7days,IwillnotselltheseuntilIamcertainthatthenewbatchofstudentsissuccessfullygettingthesupporttheyneedandthingsarerunningsmoothlyandflawlessly.Butifhistoryisanyindicatorofwhat’sgoingtohappen,these950copieswillsellout,andratherquickly.Now,ifyoudon’tgetyourcopyduringthefirst7days,Ican’tguaranteewhentheMarketMasteryProtégéProgramwillbeavailableagain.Itmaybe4weeks,itmaybe4months…itcouldbeayear.AllIknowisthatifyoudon’tclaimyourcopyduringthefirst7days,youWILLhavetowaittogetyourcopy,andmaybealongtime.Thisisnotamarketinggimmick.Here’sthewebpagemydeveloperjustputtogetherforme–thisisexactlywhatyou’llseeontheorderpageafterthefirst7daysareup:



SoifyouhaveANYinterestinpickingupyourowncopyoftheMarketMasteryProtégéProgramwhenit’sreleased,youreallyneedtojointhe“PriorityInsiders”list.Thetradersonthislist(basedonfirst‐come,first‐served)willhavetheircoursesshippedfirst.Iwillevensendthe“PriorityInsiders”aspecialorderlinkthatwillbeactivatedONEFULLHOURbeforetheofficialreleasetime.Thatmeanstheycangettheirhandsonthecourseat9amEasternTimeonTuesday,September30th.Onehourmightnotseemlikealottoyou,butI’vewatchedmyowntradingcourses



selloutinthepastveryquickly,soonehourmaybethatextratimeyouneedtoguaranteeyoureceiveyourowncopyoftheMarketMasteryProtégéProgram.Nowforsomepricinginformation.VersionsoftheMarketMasteryProtégéProgramthatincludethegroupmentoringportionsellforover$10,000,dependingontheamountofmentoring.Now,ofcourse,you’renotgoingtopaythat.BecauseI’mfinallyreleasingthehomestudycourseportionoftheprogramI’mabletodrasticallydroptheprice.I’mstillfinalizingthenumbers,butI’llannouncethefinalpriceonTuesday,September30th.Regardlessofthefinalprice,Ihavealreadydecidedtoofferapaymentplansoyoucansplityourinvestmentintothreepaymentsoverthreemonths.Thismakesitultraeasytogetstartedrightaway,andisalwaysapopularrequestfrommystudents,soI’mhappytodoitforthemandforyou.Here’swhatelseIknow…I’vespenttensofthousandsofdollarsofmyownmoneyoverthepastthreedecadesjustontradingeducation:books,tapes,CDs,seminars,etc.Younameit,I’veprobablyseenit.AndI’vealsosacrificedthebetterpartofmyyoungerdayslockedawayinmystudy,mynosepressedagainstthecharts,tryingmybesttowatchmykidsgrowup,butquietlywishingIcouldhavespentlesstimestudyingandmoretimewithmyfamily.So,whileIstilllovetrading,itHAStakenatollonmeovertheyears,bothonmywalletandonmypersonallife.AnditwouldnothavebeenpossibletoputtogethertheinformationcontainedinmyMarketMasteryProtégéProgramcoursewithoutthatkindofpersonalsacrifice.Butthankfully,youdon’thavetogothroughwhatIdidwhenyoubecomeastudent.Iessentiallygiveyoutheculminationofmylife’sworkinthemarketsonasilverplatter.YoushouldalsoknowthatmyactualpayingstudentshavetoldmeinthepastthatIshouldNOTbesellingmytradingcoursesforthepricesIsellthemat–theythinkIshouldraisethepricedramaticallybecausetheydon’twanttoomanypeopletogettheirhandsonthisinformation.



SuccessStoriesFromMyStudents!Herearejustafewofthekindwordsmystudentshavesenttomeabouttheirexperienceswithmytradingprograms.Successstorieslikethesereallydrivemetokeephelpingasmanyindividualsaspossible.Ihopeyouhaveachancetosendmeyourownsuccessstoryinthefuture!"Love what I have learned thus far with Market Mastery. Today, I made a ton of money on TSO. Using Method 3, I picked TSO from my list. By the way, I almost always trade options. I bought a call for $11.10 at market open and it closed a little over $17. That’s more than $3,000 in profit today alone. The other stocks I picked all made money too."

--Steve K., New York, NY*

"As you know, this method does work, thanks to all your hard work... getting sense into my hard head. Never had a mentor before. The program is what got me to my present state of confidence, and understanding. Just as my flight instructor said so many years ago... I now have a license to learn. And thanks for the continuing opportunity to 'keep in touch'."

--Dave H., Anchorage, Alaska*

"I just want to let you know how pleased I am with the MMPP program and to let you know how much I have learned. I am very much enjoying it and am having some nice successes... I have not had many questions for you on these programs, and I believe it's because you have done such an excellent job of putting the material together and presenting it in a way that makes it easy to learn. Thank you Bill for giving me my money's worth and then some with these programs!"

--Steve R., Enumclaw, WA*

*Norepresentationisbeingmadethattheseresultscanorwillbeobtainedinthefuture,orthatlosseswerenotincurredsubsequenttothedateonwhichthetestimonialwasprovided.Thereisasubstantialriskoflossassociatedwithtradingforex,futures,stocks,andoptions.Onlyriskcapitalshouldbeused.



NextStepsLastly,I’msoconvincedthatyou’llbenefitfrommynewcourse,I’mgoingtohaveamoney‐backguaranteeonthepriorityenrollmentformwhenit’sreleasedtoyouonTuesday,September30th,2008.Well,that’saboutitforthisreport,myMarketMasteryProfitPlans.Ireallyhopeyou’vefoundsomevalueinthisreportthatwillhelpyouinyourtrading.Don’tforgettowatchthefreevideothatrevealsmyStockTradingRiskShield.Anddon’tforgettojointhe“PriorityInsiders”list.Here’sthewebpageagainwhereyoucanseethevideo:

www.marketmastery.com/6packGoodTrading,

BillPoulosP.S.YoucantracktheprogressoftheMarketMasteryProtégéProgramreleaseandmakecommentsontheinformationinthisreportbyvisitingtheMarketMasteryProtégéProgramnewssiteatwww.marketmastery.com/news.


http://www.marketmastery.com/news



TheMarketMastery6‐PackReadyformorestocktradingtrainingmaterials?GoaheadandaccesstherestoftheMarketMastery6‐Packmaterialsbelow:MarketMasteryTradingBasics(Releasedate:Wednesday,September17th,2008)Irecordedthisvideoseriesespeciallyforbeginnerstocktraders.You’lllearntheessentialbasicsoftechnicalstocktrading,alongwithawalkthroughofsomeactualtradingandchartingsoftware.Isticktowhatyouneedtoknow,soyoucanbegintradingASAP.ThisistheactualbonusmodulethatyougetonCD‐ROMaspartoftheMarketMasteryProtégéProgramhomestudycourse.AccesstheMarketMasteryTradingBasicsvideoshere:www.marketmastery.com/6packDoom&GloomTradingSecrets(Releasedate:Thursday,September18th,2008)Inthisvideo,you’lldiscoverhowindividualsthataredependentontheso‐calledmediaexpertsfortradingadvicegenerallyrunscaredbecauseofthe“doom&gloom”scenariospaintednearlyeverydayinthenews……andhowselectgroupsoftradersknowhowtoturnthis“doom&gloom”intoprofitopportunity,againandagain.AccesstheDoom&GloomTradingSecretsvideoshere:www.marketmastery.com/6pack





MultipleMethodsMultipleProfits(Releasedate:Friday,September19th,2008)Inthisvideo,Irevealtheimportanceofhavingmultiplemethodsaspartofyourtradingtoolkit.You’llseethetypesofmethodsrequiredifyouwanttotrulytakeadvantageofallthedifferentkindsofmovesthemarketstendtomake.Onceyouunderstandhowmultipletradingmethodscanworktogethersynergistically,yourpotentialforspottingprofitopportunitiescanincreasesignificantly.AccesstheMultipleMethodsMultipleProfitsvideoshere:www.marketmastery.com/6packSimpleSwingTradingOptionsStrategies(Releasedate:Saturday,September20th,2008)Whileoptionstradingcanaddagreatdealofleveragetoyourtrading,youneedtwothingsforpotentialsuccess:anunderlyingsolidstocktradingmethod,andacomplementaryoptionsstrategy.Inthisvideo,you’llseehowoptionstradingdoesn’tneedtobecomplicated,asIrevealasimpleoptionstradingstrategyyoucanusewithswingtradingmethods.AccesstheSimpleSwingTradingOptionsStrategiesvideoshere:www.marketmastery.com/6pack





OptimalProfitExitStrategy(Releasedate:Sunday,September21st,2008)Successfultradersknowthatbeforeyouevenplaceatrade,youmusthaveastep‐by‐stepplanforyourexitstrategyalreadyfiguredout.Thatway,nomatterwhathappensinthemarket,youknowexactlywhattodo.Everysingletime.Inthisvideo,IrevealmyOptimalProfitExitStrategy,whichisthecornerstoneformanyofmytradingmethods.It’sdesignedtohelpyoutakeasmuchprofitaspossibleoutofyourtrades.AccesstheOptimalProfitExitStrategyvideoshere:www.marketmastery.com/6packBONUS:TheStockTradingRiskShield(AvailableNOW!)TheStockTradingRiskShieldreveals5timeswhenyouprobablyshouldNOTbeplacinganytrades.Remember,youwanttomaximizeyouroddsofsuccess,soknowingwhenNOTtotradewillautomaticallygiveyouasortof“riskshield”tokeepyououtoftrouble.

AccesstheStockTradingRiskShieldvideoshere:www.marketmastery.com/6pack



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