26 Nov
Posted by Stock Trading Posts to "Bob Eldridge"
BetterTrades? Presents Consistent Cash Flow Series “Dodging Stock Market Bullets” by Bob Eldridge Saturday December 6, 2008
Market Events For Thursday - November 27, 2008
* Stocks For Today Which Are at Support and Resistance Support Analog Devices Inc. (ADI) Air Methods Corp. (AIRM) Alnylam Pharmaceuticals, Inc. (ALNY) Resistance AECOM Technology Corporation (ACM) Capstead Mortgage Corp. (CMO) Centerpoint Energy Inc. (CNP)
Bob’s Free online classes
Today’s market is just full of surprises… most of them not too pleasant! How have YOUR trades been going over the last 3 or 4 months? Are your losses up? Are your profits down (or nonexistant)? These kinds of challenges have plagued traders ever since traders have existed and will continue to do so long after we are gone. Some times the only answer is a change in many of your basic trading strategies, which can seem drastic at best and overwhelming at worst!
However, many times just the smallest shift in our perspective and/or techniques can have profound results in our trading performance. For example, most traders use a stop loss or trailing stop to limit our exposure to large losses. Keeping in mind that most of our trades have about a 50% chance of being profitable, we realize that we additionally have a 50% chance of LOSING money. Why not just choose NOT TO PARTICIPATE in that side of the trade. As long as you have the time to wait out the market, you can lower the frequency of those losses by simply saying, ‘No thanks, I’ll wait it out’! This is a very simple example of a much larger list of techniques which I use everyday in the market to increase my profitability. It must be working because since January of 2006, I have been profitable on approximately 98% of EVERY TRADE!
Join me in class next time as I take you through a list of simple ‘loss decreasing’ techniques which have helped me achieve such phenominal trading results!
Spaces are limited so sign up now!
Register Online
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