Your Questions About Successful Traders Secrets

John asks…

Are there any successful stock swing traders out there? If so, what are the secrets of your successes?

I am 19, and I’m a learner swing trader who has found modest successes for a beginner stock market swing trader after reading swing trading for dummies – it’s helped a lot.

What I would like to know is if there are any other stock swing traders out there who trade successfully. And also, what are the secrets to your successes and the causes of your failures?

John answers:

I’ve been in this business for 40+ years and been active in the market for nearly 60 years.

I’ve seen almost all of it, but I did learn many years ago that before you invest $.01 you must know what you are doing, why you’re doing,. How to do it. The rules governing what you are doing. You never stop learning, and must keep educating yourself constantly.

You must have a written sound trading/investment plan with rules that will not only help you but more importantly protect you, mostly from yourself. And the discipline to follow such a plan. Before you enter a trade, you must know when and where you are going to get out of it, you never trade on emotions, and you never never average down – if your down 8%, you get out.

You must have sufficient trading/investment capital. Use your own money, there’s no need to go into debt so that you can trade/invest.

And you need a written money management program in place. Remember never invest 100% of your capital into any one security and never have 100% of your capital invested at any one time.

And more importantly, you must have an god understanding of the rules & regulations of the industry.

Trading is not only about making money, it also about protecting what you have. You need not need to make money on every trade, you just have to have more wining trades than loosing ones. If you’re right 30% of the time you can make a very decent living by trading.

If you follow these rules you will be sucessful, if you don’t you will fail.

Charles asks…

What’s the deal with 2stocktrading.com?

Anyone heard about this company – Anthony Green and his Secrets of Successful Traders eBook? They’ve been doing a lot of advertising on the Howard Stern show, but I can seem to find ANY independent reviews online. Type it into Google and there is not one negative review…..fishy right?

But if they’re taking ad time on a national radio broadcast, they must have some capital, thus have some success, right?

Anyone used or heard of them before???

John answers:

Whenever you see an ad that promises to turn $1,000 into $1,000,000 in less than 2 years and it relies only on testimonials rather than a VERIFIED actual trading record, then it is almost certainly a scam. These testimonials could very well be fake, written by themselves or by friends who never tried the system as an accommodation of the promoter.

Just think about it. If Green could turn a thousand dollars into a million in less than 2 years, what need would he have to peddle his ebook? All he would have to do is to put $10,000 into his system and walk away with a cool $10 million in only 2 years? He would save a hell of a lot more than that by NOT advertising on Sterns show and instead invest it in his own system.

David asks…

who among you is a successful options trader and what is your secret?

John answers:

The only secret is that there are no secrets in trading options. (Don’t tell anyone. Those guys who charge thousands of dollars to tell you the secrets wouldn’t like it.)

The primary key to success to learn what you are doing before trading. There is plenty of free information about option trading on the web, such as

http://www.cboe.com/LearnCenter/default.aspx ,

which give you a good start, but you really need to read at least one good book on options as well. Two books I recommend you consider are “Options as a Strategic Investment” by Lawrence McMillon and “Options Volatility & Pricing” by Sheldon Natenberg.

As well as understanding options, money management and risk management are critical to success trading options. If you are not sure what I mean, or how to do it, you should concentrate on more education before trading.

Thomas asks…

Are the biggest world thieves part of free market globalization in corporate business & govt of USA?

The secret world banking derivative brokers & traders.
Wall street insiders.
Members of congress who trade stock with insider information.
Chairman of Federal Reserve & the elitist board members.
X-member of the federal reserve NOW head of the U.S. Treasury.
You add to the long list of Corporate & Govt thieves making trillions of our citizens dollars vanish from circulation.

A bunch of you here on yahoo “rabbits chasing the carrot stick of capitalism,” want to be successful crooks like these people of power that have stolen everything from everyone are the same group claiming to be anti-socialist.

John answers:

It’s Gvmt interference that has made the markets look bad. All those billions were used to underpin grossly exaggerated asset values.

If the market had been allowed to work properly, failed banks and companies would have been allowed to go into orderly administration. Assets would have been sold off cheaply and new businesses and banks would have emerged from the mess. At least the slate would have been wiped clean.

Yes, investors would have lost billions. Many long-term savings schemes would have been wiped out but that’s the market. If you play in it, you take the losses as well as the profits.

What’s happened now is we have a fairy-tale market, based on fantasy money. It’s all going to end in tears because no one wanted to face up to the reality of the mistakes that have been made!!

Nancy asks…

Which of the following would you rather be if you had the choice?

A most successful:

Actor
Singer
Guitarist
Pianist
Violinist
Financial Trader
Physicist
Medical Doctor
Engineer
Chef
Fashion Designer
Lawyer
Clergy
Accountant
Model
Entrepreneur
Chemist
Financial Advisor/Consultant
Philosopher
Secret Agent
Painter
Firefighter
Mathematician
Sculptor
Truck Driver
Chiropractor
Policeman
Insurance Agent
Real Estate Agent
Pilot
Janitor
Archeologist
University Professor
Humanitarian Worker
Investment Banker
Astronaut
Construction Worker
Royalty
Paleontologist
Retired and living it up somewhere in the Caribbean
Professional Poker Player

– PLEASE CHOOSE JUST ONE.

– IF YOU HAPPEN TO BE ONE OF THE ABOVE ALREADY KINDLY REFRAIN FROM ANSWERING THE QUESTION.

John answers:

A philosopher, since i notice we don’t have a philosophy kiosk at the mall, and there are those time when you just need an answer re: life’s vicissitudes

Powered by Yahoo! Answers

This entry was posted in Uncategorized. Bookmark the permalink.

4 Responses to Your Questions About Successful Traders Secrets

  1. Pingback: Your Questions About Successful Traders Secrets « tradingsecrets1

  2. Rich says:

    Webmaster, I am the admin at SEOPlugins.org. We profile SEO Plugins for WordPress blogs for on-site and off-site SEO. I’d like to invite you to check out our recent profile for a pretty amazing plugin which can double or triple traffic for a Worpdress blog. You can delete this comment, I didn’t want to comment on your blog, just wanted to drop you a personal message. Thanks, Rich

  3. Your place is valueble for me. Many thanks!…

  4. Nice publish. I learn something a lot more challenging on distinctive weblogs daily. It is going to continually be stimulating to study content material from other writers and practice a bit something from their store. I’d choose to make use of some using the content material on my blog whether or not you don’t mind. Natually I’ll provide you with a website link in your internet weblog. Thanks for sharing.

Comments are closed.