How To Make More Money Doing Less

My student sat in front of me depressed.

“Courtney, I’ve tried a bunch of your techniques and they don’t work.”

Naturally, I was dumbfounded. I use these techniques every day and they make money for me!

“Let me look at your trades that you have been doing and let me see if there is a problem.”

He handed over the spreadsheet and I looked over it. It didn’t take long. There weren’t many trades on the sheet.

I saw that he did only two of my Inside Day trades. There were three Reversal Bar trades. Only one of another technique. In other words there were very few trades but on lots of techniques.

Then something jumped out at me. The last trade for every technique was a loser! What he had done is to trade the technique until there was a loser then stop trading that technique.

What he was doing is chasing the shiny new penny without really trading any technique adequately.

I then asked him to tell me which technique did he resonate with the most. He said Boing Boing. So I forbade him to trade any technique but Boing Boing for the next week.

We got back together again in a week. It was hard for him but he was disciplined enough to go one full week only trading one technique. But he had made money!

But I could see that trading only one technique was causing a lot of stress. He wanted to be a trading butterfly and go from technique to technique. But I told him he was still not allowed to trade another technique.

He wasn’t happy but agreed.

We met in a couple of weeks and he was making money consistently! Sure, he had losing trades but he was starting to make consistent money.

I suggested that he add another technique now but he refused! He was so happy that he was making money that he didn’t want to change anything in his trading!

He went for months trading just Boing Boing. He was making money.

Finally he agreed to add another technique.

He became profitable when he did less trading!

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The forex market is the hottest market around. Big leverage means you have the opportunity to make a lot of money quickly. But that same leverage can cost you a bundle if you don’t learn to trade forex correctly. Futures and Forex Intensive is the key course to teach you techniques that will help you profit from this explosive market place.

The course is designed by master trader Courtney Smith and taught by ace trader Jade Goodhue. This exciting live seminar is coming up on September 12-13 in Wealthbuilder’s classroom in Las Vegas.

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Many traders make the mistake of trying to trade every technique right from the very beginning. They take one of my courses and want to try every technique that they learned at the course.

But here is what often happens.

First, they are overwhelmed and don’t do any trading at all! They think they have to do everything all at once. They don’t have to! They can take their time to implement the techniques.

I have designed the courses so that the techniques are synergistic with each other but that doesn’t mean that you have to do all of them at the same time.

Instead, I am a big fan of people simply starting with one technique and completely dominating it. Understand it fully. Backtest it. Trade it real time for weeks. Get comfortable with it.

People ask me when should they add another technique.

When you get bored!

If you are bored with trading the first technique then you are probably totally dominating that technique and should now add another technique.

The bottom line is that you should start small. Do less until you are ready to do more.

There is no rush in doing all techniques. Of course you will eventually make more money by doing all the techniques but sometimes trying to do too much will actually cause you do make less money.

Sometimes less is more and that is often true in trading. Just concentrate on doing one thing really really well.

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Why I Am Making Money Being Short Brazil

I’m currently short the Brazilian stock market by being short EWZ. I just got short a few days ago.

The fundamental case for being short is this:

  1. Commodity prices are in a bear market. Brazil’s wealth comes largely from exporting raw materials, particularly oil and agricultural products. Obviously, oil is down a tremendous amount.
  2. A political scandal is overwhelming president Dilma Rouseff. She, her predecessor, and high ranking members of her administration are accused of massive corruption. So far, the evidence looks damning. This has pushed her approval rating down to just 9%!
  3. The scandal is leading to a complete distrust of government.
  4. Inflation is rearing its ugly head in a country that suffered hyper-inflation just a few decades ago. It’s fresh in people’s minds.
  5. Emerging markets in general are suffering under pressure from the rising dollar.

Of course I never enter a trade without a signal from the market to go short. I got that signal last week when EWZ (an ETF which mimics the Brazilian stock market) broke to new lows.

I think this bear move will last for months so I am looking for a point to add to short position.

****************************Advertisement*************************************

Want To Learn To Crush the Forex Market?

 The forex market is the hottest market around. Big leverage means you have the opportunity to make a lot of money quickly. But that same leverage can cost you a bundle if you don’t learn to trade forex correctly. Futures and Forex Intensive is the key course to teach you techniques that will help you profit from this explosive market place.

The course is designed by master trader Courtney Smith and taught by ace trader Jade Goodhue. This exciting live seminar is coming up on September 12-13 in Wealthbuilder’s classroom in Las Vegas.

Click here now for more information and to register!

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Six Sites I Use To Make Money Every Day

We need information to make money. Not a lot but some.The list below are key sites that I go to every day.

Unfortunately, most of them cost money.

I like to look at the fundamentals of markets and stocks so that gets me to buy things like the Wall Street Journal. If you don’t use fundamentals then you can get by with just StockCharts.com which is free.

1. Wall Street Journal. It costs money but is well worth it to understand the big fundamentals of the day. I also love the editorial page because it generally justifies my biases.

2. FinancialTimes.com. Same as WallStreetJournal.com but even better news coverage of global economies and commodities. Don’t like the editorial page as much.

3. Investors.com. This is the best site for finding great stocks to buy. It also costs money.

4. ZeroHedge.com. Excellent aggregator of interesting economic and investing topics. But you have to filter out the doom and gloom aspect. It’s always the end of the world here! This one is free.

5. StockCharts.com. My favorite online stock charting service. It’s free but I recommend the paid for version because you get to save your charts with their indicators. They also have a real time price version.

6. StockButler.com. This is the best site for following my techniques. It costs money but is very complete if you like to use my techniques for investing in the stock market.

 

Thanks!

Good Trading,

Courtney

 

 

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Why Singapore Air is the Best

10 Reasons Why Singapore Air Is the Best

1. They have the biggest business class seats.

2. They use the best airport in the world, Changi in Singapore

3. They have the nicest and most helpful flight attendants.

4. They have excellent food on board.

5. They generally have the best business class lounges.

6. They have good food in the lounges.

7. They use new airplanes.

8. Their frequent flyer program is very good.

9. Not sure but it seems like they take off on time more than other planes.

10. They have showers in First Class on some flights (not that I would know) 
Thanks!
Good trading,
Courtney


P.S. I’ve got a new webinar coming up where I tell you why the US stock market is about to drop sharply! Click here for all the details.
 
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Is Repligen Ready To Explode?

I’m getting pretty bulled up about Repligen (RGEN).
 
Here is how the company describes their business:
Repligen Corporation (NASDAQ:RGEN) is a life sciences company focused on the development and commercialization of high-value consumable products used in the process of manufacturing biological drugs. Our bioprocessing products are sold to major life sciences and biopharmaceutical companies worldwide. We are the leading manufacturer of Protein A affinity ligands, a critical component of Protein A media that is used to separate and purify monoclonal antibody therapeutics. Our ATF (Alternating Tangential Flow) System and our growth factor products are used to increase product yield during the fermentation stage of biologic drug manufacturing. In addition, we developed and market an innovative line of “ready-to-use” chromatography columns under our OPUS® brand (Open-Platform User-Specified) that we deliver prepacked with our customers’ choice of purification media. “
 
That is a mouthful.
 
Here is how I describe it. We are in the middle of a boom in biotech. It’s like the gold boom in the 1840’s in California. But RGEN doesn’t mine for gold; they sell the picks and axes to the miners. They sell tools for biotech companies to do their research.
 
The company stumbled a couple of years ago and actually saw earning shrink from 2013 to 2015’s expected earnings. But they are now expected to explode. The growth rate is now 45% per year!
 
The company is expected to grow earnings by 32% this year and 42% next year which handily beats nearly every other company out there.
 
The one big problem with the stock is that the PE is a about 197! So this is not a cheap stock!
 
As a result, I’m not going to take a big position as the risk is higher than the risk I normally take in a stock.
 
Check out the chart of the price action. You can see a clear ascending triangle. I’ll use that to trigger my buy and protective stop loss.
 
 
Thanks!
 
Good trading,
 
Courtney

P.S. I’ve got a new webinar coming up where I tell you why the US stock market is about to drop sharply! Protect yourself! Click here for all the details.

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How To Profit From the Iran Deal

There is now a deal with Iran on containing their nuclear program. I’ll leave aside the political furor and focus on the real economic changes and how we can profit from it.

 Most people believe that this will lead to a big increase in oil selling and therefore crush the price of oil. Nope. 

 Iran has already been exporting, illegally, all they can. But their oil and nat gas industries are in shambles. Here is how oil expert Kent Moors explains it:

 “Years of sanctions have wreaked havoc on Iran’s oil production potential. Add this to the fact that Iran’s oil fields are some of the oldest continuously operating oil fields in the Middle East and it’s clear that it will take time, specialized equipment, and foreign investment before production can be ramped up. 

Moreover, the Iranian oil shipping and delivery systems are in a shambles. Current sanctions make contracting tankers and port terminals, as well as financing and insuring shipping, almost impossible.

Untangling these sanctions will take considerable time.

And sanctions against Iran’s oil exports will be lifted only after Iran meets the December 15 deadline and international inspectors verify that Iran has severely curbed its nuclear program. So any substantial increase in Iranian oil exports is far off in the future.”

Who will make money from the ending of sanctions?

Retail companies that will sell billions of dollars in consumer goods. Iranians are starved for Western goods like iPhones. Look for imports to booms.

Foreign direct investment will boom on the heels of the consumer boom. Look for Iranian stocks to explode.

The disastrous state of the Iranian oil and gas industry means that companies that explore for oil and nat gas and companies that build oil infrastructure will also make a lot of money. However, these companies are huge companies and the sales to Iran will only provide a small amount to the bottom line. Look at Halliburton as a great play here.

 Thanks!

Good trading,

Courtney

P.S. I’ve got a new webinar coming up where I tell you why the US stock market is about to drop sharply! Protect yourself! Click here for all the details.

 
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Is the Greek Bailout Going To Work?

Here’s how Deutsche Bank sees it:

Is this time different?

 We are not overly optimistic, but is there are reasons to think that this time could be different? The answer is maybe, because the genie is out of the bottle. First, what the above question really means is whether Greece will manage to implement reforms and finally return to sustainable growth.?? Understandably, clients tend to be very skeptical. However, recall that not too long ago several market commentators argued that Ireland and Spain could not remain within the euro area. These two countries are now among the fastest growing economies in the euro area. Before the general elections we were forecasting Greece to grow in line with Ireland and more than Spain in both 2015 and 2016.

 The problem is that Greece’s challenges appear more economically, socially and politically entrenched than in the other peripherals. Syriza won the elections with a political programme that was calling for a reversal of reforms – for example in the labour market. There were pledges about reducing tax evasion and corruption – but it appears that tax receipts have fallen materially in past few months. Indeed, since December economic prospects for Greece have deteriorated sharply.

 So are we destined to experience a new Greek crisis over the next year or two? While it is difficult to be optimistic, we think something has changed.”

 Alas, the medicine prescribed by the creditors is keeping Greece on the treadmill of more and continuing crises. They have not addressed the central issue: not enough growth in Greece. Raising taxes in a depression will keep the economy depressed even longer. Look for more problems in a year.

Thanks!

Good trading,

Courtney

P.S. I’ve got a new webinar coming up where I tell you why the US stock market is about to drop sharply! Protect yourself! Click here for all the details.

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I’m Buying India Now

I’ve been bullish on India since the election of Modi. He is slowly moving India into a much more economically prosperous direction. I’ll write more later.
But we just had a technical breakout on the chart of the Nifty Fifty (like the Dow Jones of India) and I’m going to use that breakout to go long IFN, an ETF that mimics the Indian stock market.
This is going to be a long and powerful bull market!
I’ve got a new webinar coming up where I tell you why the US stock market is about to drop sharply! Click here for all the details.
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How To End Laziness In Trading

Here’s my latest training video in the What Is Stopping You From Profitable Trading series.

But you can get the whole series for just $6.95 by clicking here.
Enjoy!
Thanks!
Good trading,
Courtney
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How Do I Get Started?

I’ve just recorded a new video which answers the question: How Do I Get Started?

This is one of the most important videos I have ever done because it answers this important question.

I have taught thousands of people to trade but there is a large group who don’t trade simply because they don’t know where to start.

This video answers the question.

You can watch it here:

This is part of our series of video called What Is Stopping You From Making Money Trading.

You can watch all the videos free by going through my blog or registering for $6.95 and get them in a convenient form with notices and so on. You can register by clicking here.

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