|
The Best Emini Trading Information Site on the Planet
|
SHOULD YOU BE DAY TRADING -PureTick.com will help you earn while you learn... Free 5-day PureTick.com Trade Room Access
Only you can decide if day-trading is right for you.
Consider that an attorney or doctor
invest tens of thousands of dollars and years of time to develop their success. Many traders
expect to become an expert trader in a very short time. While PureTick's training will accelerate your success. Plan on a learning curve, trade with a simulator until you make consistent profits. PureTick.com can assist a new Futures Trader Earn while they learn immediately, but don't quit your day job until you have mastered the art.
Set your sights high, mastery of your emotions, your spirit fused with the winning force of Puretick.com on your side, you can reach the mountain top.
PureTick.com offers not only
the most successful trade record in the business, but also a masterful Teacher named Alex
Wasilweski. I have attended one of the best business schools in the U.S., I would list Alex as the most competent, passionate and compassionate educator I have met. The PureTick.com
Trade Room offers fun and commradory. Alex is a blend of Jay Lenno meets Warren Buffett.
After 10 years of trying different trade rooms I finally found one that makes me money and has
tought me more in 4 months than I have learned in the past several years
. On my web sites I frequently advertise sevices withyout compensation because they offer readers the best value.
Check out www.RoyalRealtyCancun.com if you ever travel to Cancun and you will see the many referrals I offer. Even before joining the PureTick.com Team I advertised their services gratis.
PureTick.com is the only trade service that I could endorse and sleep well -they're not prefect but over 220 positive $1,600/min/day Days and only 8-$450 losing days..........in one year, that's close enough to perfect as I have found. If you find something better......please let me know.
Why do only 10% of traders succeed? Most do not avail themeselves to a mentorship or coaching program or invest in continued education offered by PureTick.com
. Most people will never develop the emotional control over their fear to succeed. Most will self-destruct. On the other hand trading offers freedoms that do not exist in other careers. Trading is one of the least expensive business to create and begin but one of the most difficult business to master.
Here are some things to consider before you decide to day trade.
GENERAL GOOD HEALTH
: You are going to a financial battle ground you would not want
to trade if your heath is not sound or you are temporarily ill. You cannot trade in a compromised
state of mental, emotional or physical health. If you have the flue.......take a few days off. If you
have a fight with your partner..........take some time off from trading. You must be mentally clear,
emotionaly balanced and grounded to be a successful trader.
ADEQUATE RISK CAPITAL : The definition of risk capital has changed in the recent two years. Previous to the 'Wall Street Meltdown' risk capital was money that you could lose without a serious detrimental degradation of your income necessary to live. Stocks in large companies like GM, Ford, GE were not considered risky.
Today there is an arguement to be made that any money you leave in the market at the end of the day is at some risk. Of course risk is a relative thing. Getting out of bed in the morning has some risk as well as staying in bed throughout the day. Opening a new business is risky and allocating money to a stock broker you don't know is certainly risky. Some would say the miniumum risk capital you need to start trading is $10,000 USD. I am posting my trading results to demonstrate that you can make money trading a small account. A small account is account less than $10,000 USD.
IN THE END YOU SHOULD BE THE BEST CUSTODIAN OF YOUR MONEY.
TRADING FUTURES HAS RISK!. ALL TRADERS MAKE LOSING TRADES.
AT PURETICK YOU ARE TOUGHT TO MINIMIZE YOUR RISK AND ALWAYS BE AWARE OF THE RISK OF EVERY TRADE YOU MAKE.
1. Adequate money: While you only need $5,200 to open a Trade Station
Futures Account
(as low as $3,500 with other platforms) this is the
bare minimum. Really you should have $7,500 to $10,000 to begin.
This will allow for daily drawdowns and inevitable trade losses.
2. Adequate time:
You have to have time available during the stock market
open hours; 9:30 AM to 4 PM. While it is true that the futures market is
open from Sunday evening at 6 PM until Friday evenng at 4PM and
trades 24 hours, most of the trading opportunities take place between
9:30 AM and 4PM.
3. A home office:
While it is true all you need is 1 home computer and a
high speed internet connection. More is required to create the best
trading environment. Trading is a business. Most of the time you will
be sitting waiting for a trade alert to enter a trade. Here are some of the
items I recommend for your trading office:
1. A separate room that is quiet with a lockable door. You do not want to
be disturbed in the middle of a trade. Make your trade room/office as possible,
invest in a good quality chair, a TV to monitor news. Create a postive, optimistic
ambiance, using inspirational photos, music ect. Successful trading is 95%
waiting and 5% trading activity. While you are waiting you could have a weight bench
and some free weights to keep your blood moving and your body fit. You must
develop a warrior mantality: other traders are on the hunt for your money/ and you
are on the hunt for their money. The best traders survive the others die.
2. A desk. The least expensive and most functional desk can made by
the purchase of 2 good quality file cabinents ( I prefer those made my 'Hon'),
a desktop can be a peice of 1/2" glass or cheaper than that a 6 to 8' kitchen
counter-top purchase at Home Depot or even a 3/4" peice of Birch Ply-wood.
3. Computers: While you can trade off 1 laptop, I prefer 1 desktop as my primary
'Trade Computer' and the number of monitors of your choice. Studies show
humans can only watch 6 monitors efficiently. Some of the best traders use
2 monitors. I use 4 for my trade platform and a laptop for my 'PureTick.com Trade
Room Feed' Pure tick uses an audible signal when trades are alerted as well
as a continual audible dialog from Alex the Head Pure Tick Trader. All of the
Pure Tick dialog is also displayed in text.
4. PureTick.com Monthly Trade Alert & Education Subscription: Cost $250/month
Think of this fee ( which can be paid for in less than 1 day trading as the best
and most essential tool for your success.
This is an offensive and defensive
tool. PureTick will give you the very best trade opportunities and tell you when
you should not be trading (when market conditions are choppy, such as lunch-
time hours (12N to 1:45 PM EST). TRY OUT PURETICK.COM FOR $29 FOR 10 DAYS.
5. Michael Parness 7 Deadly Trading Sins:
Greed: Trying to succeed to fast. Using a baseball analogy; swing for singles and doubles
not home runs.
PRIDE: Traders who refuse to take small losses and turn losing trades into disasters.
Trying to predict the market instead of being in harmony with the flow of the market.
LUST: Traders who hold onto a position due to their internal bias that distorts realtime
information.
ENVY: Traders who envy the success of other traders rather than focussing on the
hard work of self development.
SLOTH: Traders who don't invest time and energy into the mastry of their trade.
WRATH: Trading to get even with the market or trading to recover past losses/ Revenge
Trading.
FEAR; To much fear will cause a trader to engage in panic trading. Emotional trading
rather than planned trading.
A TRADER'S GOAL IS SELF DISCIPLINE, SELF CONTROL NOT PERFECTIONISM.
THE KEYS TO SUCCESSFUL TRADING BY MICHAEL PARNESS
1. Exercise self-control. Focus on a goal do whatever you need to reach that goal.
This may mean resisting impulses, instant gratification. Make a plan and follow the
plan adjusting as necessary but do not abandon a plan and trade emotionally.
2. Approach life as a marathon, not a sprint.
Success requires perseverance over sustained periods of time. This is not a get
rich quick plan but a get rich slowly plan.
3. Learn Continuously.
Keep your mind open to new information and new ideas.
4. BE GOOD TO OTHERS
The masters said there is more joy in giving than recieving. If you are depressed try
giving of yourself to another in need. You will find true satisfaction.
5. GIVE SOMETHING BACK
Give someone else a hand and help others less fortunate than yourself. Giving will
streanthen your spirituality.
6. LIVE A HEALTHY LIFE STYLE
Eat right, don't smoke, stay mentally and physically active. Don't abuse drugs.
You are training to be a financial warrior. Get strong, mentally, emotionally and physically.
7. LIVE A SPIRITUYALLY HEALTY LIFE.
Be aware of yourself and how you affect others. We are all in this together. Most of us
feel we are trying our best. Freedom means discipline. Live a principled life.
8. HAVE FUN
Part of the excitement of trading is the freedom it offers. You are your own boss, you control
your time and your company. Make trading part of your life........not your life. Live and trade
don't live to trade. Trading is just a way of getting those things you desire: it may be a life
style or the ability to give to those you love.Things don't make you happy.
9. FEEL COMFORTABLE ABOUT MAKING MONEY
Eliminate any baggage you have that is buried deep in your psyche......its ok to make money
be wealthy. The love of money is a ruin not the prudent use of money as a tool.
10. CREATE A LIFE OUTSIDE OF TRADING
Their are endless ways to enhance your life, meet new friends, learn new skills, enjoy new
sports. Love life its a grand gift.
