How To Become Rich…Really Rich

The major reason why people don’t get rich is their own mind.

They’ve been trained to not be rich.

I’ve put together two things to help you overcome that and become truly rich. Rich in money and rich in spirit.

The first is my amazing course The Psychology of Massive Wealth. This is an online course where you receive training every single week for months so that you can truly understand and actualize the content without getting overwhelmed.

The second is that I have put together a live weekend seminar with Adam Markel, truly one of the masters of a wealth mentality. He has literally trained tens of thousands of people on how to actually get rich without selling out. He is one of the best trainers in the world today.

The live seminar will literally change your mind! Change it to where you want it to be!

You can get all the details by clicking here.

The tuition for both the Psychology of Massive Wealth and the Live 2 Day Master Class is only $147. Amazing!

Check it out here.

This bundle is designed for people who are frustrated with their life and want to improve their life.

We only have a few seats left for the live Master Class so please claim your seat right now by clicking here!

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Trading Techniques Are Assets For Your Trading Business

I believe that trading is a business and should be treated as one.

 One of the keys to your trading success is understanding that your techniques are assets of your trading business.

Our trading business has really just three assets:

1. Money

2. Our brains

3. Our techniques

 

So our techniques are one of our key assets.

A profitable technique is like a business with a successful line of shoes. That line of shoes should continue to make us money for years.

Yet most people take that incredible asset and trash it. They don’t follow the rules. They don’t trade every day. They cherry pick instruments and trades.

In other words, they actively try to destroy that asset rather than nurture or grow that asset!

Amazing!

I’ll talk in other posts why I think that is but it never ceases to amaze me how little thought is given to this asset.

They would really pay attention to it if it was a regular business but they trash it in their trading business.

Your goal as a trader is to accumulate assets, all three of the ones listed above.

One of the amazing things is that you can create a legacy for your children with these trading assets. You can turn over your profitable technique to your children and let them build even more wealth!

You might say that your kids will never trade. They don’t have to! Turn over the trading to your broker and let them do it!

Stop and look at your trading business as a real business. You techniques are one of the key critical assets of that business.

We have an amazing course that really can turbo charge your trading business. It’s called How To Quit Your Job Trading Stocks and Options. This online course is created to give you all the info you need to create a trading business trading stocks and options.

I know you would profit tremendously from the course. Click here to learn more. I’ve created a 4 part free video training that explains it and actually reveals a super cool technique.

Click here to register.  

 

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A Fantastic Strategy For Short Term Stock Trading Profits

I use a group of powerful techniques for short term trading of stocks. I find them to be very powerful so I use them just about every day. It is a great series of techniques if you want to make a living as a trader or make a nice second income.

This group of techniques are called Mean Reversion. What does it mean?

It simply means that the price of a stock will go back to its average. Let me give you an example that happened to me last week.

The chart show FXI which is an ETF which mimics the Chinese stock market. You can see that the price was coming down early in the period. Now look down and you will see a single black bar. That is a buy signal from my technique ETF Ecstasy (EE).

EE is telling me to buy on the close that day. So I did.

The market then took off, skyrocketing much higher.

The first profit taking point is the five day moving average which is the thin red line. You can see that the price closed above that right away. But I kept the position because it closed near the high of the day, thus showing a lot of strength.

Great trade! Lots of profits!

So why buy at that point?

Mean Reversion simply states that a market that has moved away from the average will bounce back to that average. You can see that happened perfectly here.

But it is important to only trade in the direction of the trend. EE uses the 200 day moving average to determine the trend.

So we had a bull market. Check.

The market moved sharply against the trend. Check.

Buy and look for the market to move back in the direction of the trend at least a little bit. Check.

I’m going to explain this Mean Reversion concept in futures emails to you because I think it is amazingly profitable.

I also just launched a brand new service called Smith’s Stock Swing Trader (SSST). I’m really proud of this service because it is so easy to use and, so far, incredibly profitable.

You can learn much more about it by clicking here now. I think you will gain a lot by clicking!

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TRADESMITH video Free version – July 17, 2017

What an important week this last week was! Watch it now!

Courtney Smith’s market forecast, TradeSmith, provides valuable insights on the market from a Professional Trader with over 45 years experience. Courtney Smith is the only person in history to have managed atop ranked Hedge Fund, Stock & Futures Picking Newsletters, & Mutual Fund. Watch & learn from a master trader’s analysis of the market. Courtney has been featured on TV over 1000 times and trained on hundreds of stages around the world to tens of thousands of traders worldwide. Subscribe to the Premium TradeSmith Podcast to receive additional insights and specific trade recommendations at http://bit.ly/WeeklyMarketForecast

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How Much To You Need To Spend To Make Money Trading?

Not much.

You need a brokerage account but they are free.

You need a computer. But that computer doesn’t need to be very sophisticated. I often trade on computers that are years old. The computer I am typing this on is almost four years old and it is my main computer.

In fact, you can trade on your phone or tablet so you don’t even need a computer anymore!

You need an internet connection. I like a fast connection but you don’t really need one. You need a stable connection that doesn’t cut you off all the time. I’ve traded in third world countries where the internet went in and out. I could run my trading operations but it was frustrating.

You need a charting program. There are many great charting programs that are free. I use ProRealTime.com and Stockcharts.com. They both have great services that are free. Real time prices cost money on both of them but position traders don’t need that.

In addition, your broker is almost certainly going to give you free charting. It’s usually OK but I prefer the two above because I can program them with my super tricky indicators.

So the bottom line is that you need to pay for internet and that’s it!

That’s about it!

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Don’t Be Creative

Note that there are two links in the blast below. You should make the words Here Is how to backtest the link. I don’t know the link for the one at the bottom.

You shouldn’t be creative if you want to become a profitable trader.

To become a profitable trader, you need to copy profitable traders or at least their profitable techniques. You need to find something that works and copy it. Don’t be creative.

You need to first find a technique that makes money. The way to boost confidence in the technique is to back test it. Back test it until you feel confident it will work in the future. Here is how to backtest.

Then simply do that technique. Don’t be creative! You’ve found something that makes money. Don’t screw it up!

You want to wait to become creative after you have been consistently making money for months! Then you have the luxury to become creative.

I’ve got a cool cheap course called Jump Start Your Trading Business and I highly recommend you buy it here or at least learn more about it.

Click here for info.

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TRADESMITH video Free version – July 10, 2017

Courtney Smith’s amazing weekly free TRADESMITH video has just been launched hot off the press. Don’t trade without it!

Courtney Smith’s market forecast, TradeSmith, provides valuable insights on the market from a Professional Trader with over 45 years experience. Courtney Smith is the only person in history to have managed atop ranked Hedge Fund, Stock & Futures Picking Newsletters, & Mutual Fund. Watch & learn from a master trader’s analysis of the market. Courtney has been featured on TV over 1000 times and trained on hundreds of stages around the world to tens of thousands of traders worldwide. Subscribe to the Premium TradeSmith Podcast to receive additional insights and specific trade recommendations at http://bit.ly/WeeklyMarketForecast

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Massive Rally In Gold Coming Now?

There is a potential massive rally in gold coming up. The potential is so huge that I wanted to share it with you right away.

I co-wrote my first book in 1980 on seasonal price tendencies. Seasonals are repetitive price patterns that occur at the same time every year.

We are now coming up to the most important time of the year for gold. Prices rally about 90% of the time in August!

Take  look at the chart. The blue line shows what the price of gold has done so far this year. The black line shows the expected seasonal price movement. As you can see, the price has followed the seasonal pretty well.

But the killer is the how the black line shoots up in just a few short weeks. That shows that the price of gold normally shoots up strongly.

You can invest in gold through stocks, options, futures, and CFDs.

I’m going to be looking for any sign of strength starting in about a week as a buy signal.

Want to know my exact entry and exit strategy? Want to follow me as I hopefully make a ton of money? The best way is to subscribe to my amazing weekly video newsletter, Trade Smith. http://register.wealthbuilderllc.com/trade-smith/

Click here for more info.

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Gann’s Trading Rules

Gann’s Trading Rules
    •    Never risk more than 10% of your trading capital in a single trade.
    •    Always use stop-loss orders.
    •    Never overtrade.
    •    Never let a profit run into a loss.
    •    Don ‘t enter a trade if you are unsure of the trend. Never buck the trend.
    •    When in doubt, get out, and don’t get in when in doubt.
    •    Only trade active markets.
    •    Distribute your risk equally among different markets.
    •    Never limit your orders. Trade at the market.
    •    Don’t close trades without a good reason.
    •    Extra monies from successful trades should be placed in a separate account.
    •    Never trade to scalp a profit.
    •    Never average a loss.
    •    Never get out of the market because you have lost patience or get in because you are anxious from waiting.
    •    Avoid taking small profits and large losses.
    •    Never cancel a stop loss after you have placed the trade.
    •    Avoid getting in and out of the market too often.
    •    Be willing to make money from both sides of the market.
    •    Never buy or sell just because the price is low or high.
    •    Pyramiding should be accomplished once it has crossed resistance levels and broken zones of distribution.
    •    Pyramid issues that have a strong trend.
    •    Never hedge a losing position.
    •    Never change your position without a good reason.
    •    Avoid trading after long periods of success or failure.
    •    Don’t try to guess tops or bottoms.
    •    Don’t follow a blind man’s advice.
    •    Reduce trading after the first loss; never increase.
    •    Avoid getting in wrong and out wrong; or getting in right and out wrong. This is making a double mistake.
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TRADESMITH video Free version – July 3, 2017

This week, Courtney shows you how the underpinnings of the market are starting to crumble and what you should do about it!

Courtney Smith’s market forecast, TradeSmith, provides valuable insights on the market from a Professional Trader with over 45 years experience. Courtney Smith is the only person in history to have managed atop ranked Hedge Fund, Stock & Futures Picking Newsletters, & Mutual Fund. Watch & learn from a master trader’s analysis of the market. Courtney has been featured on TV over 1000 times and trained on hundreds of stages around the world to tens of thousands of traders worldwide. Subscribe to the Premium TradeSmith Podcast to receive additional insights and specific trade recommendations at http://bit.ly/WeeklyMarketForecast

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