TRADESMITH video Free version – October 16, 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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TRADESMITH video Free version – October 9, 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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TRADESMITH video Free version – September 25, 2017

I getting more and more bulled up. Watch TradeSmith for more details!

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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What To Do When You First Start Investing Without Getting Overwhelmed!

Start small. Really small.

You don’t want to get overwhelmed.

Find someone who actually has or currently does what you want to do.

For example, if you want to trade options, find an options professional to learn from. I’ll continue with options in my examples below.

There are many many trainers out there who are in the business of telling you how to trade options yet have never traded before! Avoid them like the plague!

Pick a strategy that resonates with you. Note that I didn’t say to find a super profitable strategy. Find a strategy that is profitable, for sure, but find one that resonates with you. We always teach that you should match your trading style to your emotional style. Day trading personalities should NOT position trade and vice versa.

How do you know if it is profitable? First, don’t trust the person that told you about the technique!

You will want to back test it by taking the rules and applying them to the data/charts from 1-10 years back to see if the technique is profitable. The problem is that some people teach techniques with vague concepts and not clear rules. You should avoid those people!

Now you have a technique that is profitable and works and you resonate with.

Trade just that technique in small quantities for a while. How long? Trade it until you are ready for another technique or instrument or time horizon.

You really want to dominate this first technique before going to the next one. You want to be executing the rules flawlessly. You want to be confident every day when you sit down to trade. You want to understand the rhythm of that technique.

Then, when you feel that cool confidence, then add more. More techniques or more instruments.

Take your time! There is no rush!

Trading is a skill which will pay massive dividends for the REST OF YOUR LIFE! So do it right and not get overwhelmed.

Two great classes to start your trading are our Stock Success School and our Options Success School. Here are the links to learn more:

Stock Success School click here to claim discounted ticket!

Options Success School click here to claim the discounted ticket!


Thanks!

Posted in Investing General, Lifestyle, Stocks, TradeSecrets | 1 Comment

How Options Brokers Rip You Off!

Have you ever put in an order for buying or selling an options contract and you got a terrible fill?

I hate options brokers! I feel that I am at war with them! Don’t you?

It seems like the broker is sitting there saying, “Here comes another sucker!.” every time I put in an order.

Or perhaps you have gone to trade an option and the bid/ask spread is $1.00 wide. Rip off!

I found an options advisor with what appeared to be an amazing track record. I subscribed to his newsletter and went to put in an order on the first trade. The spread was $2.00 wide!

The next day, the newsletter said they got filled at a price that would have been extremely hard to get.

It turns out that advisor’s track record was completely bogus. You never would have got those prices in the real world. The options broker would be taking all your profits from you. There is nothing left for you!

The problem is worse if you trade more than 5 contracts. You see, all orders under 5 contracts are executed by a computer. But the market maker gets to change the bid/ask spread on you if you put in an order greater than 5 contracts. More rip off!

Can you overcome this and get all the goodies that come from trading options. Can you really make a pile of money in options?

Yes!

I’m having a 2 day live seminar on October 7-8 in our Las Vegas classroom. I’m going to show you how to overcome the brokers but, more importantly, how you can potentially make a ton of money trading options.

I will be revealing some of my favorite techniques for trading options.

Click here to learn more!

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What you should NOT do trading options!

I was doing one of my webinars and I got this question:

“ I owned a call and the price of the stock went up but my option price went down! I hate options!”

I get this question all the time.

Here’s the problem that so many option traders do and cause pain and losing money: They don’t understand what makes options move!

There are many great reasons to trade options, I gave some a couple of days ago. (You can read it here.) So I am a big fan of options. I actually like them more than stocks!

So you should NEVER trade options without understanding what moves options.

That means that you should understand the Greeks. They are delta, gamma, theta, and vega. These concepts often intimidate people so they never learn them. They look intimidating but really aren’t.

They are the key to understanding why options move the way they do. Understanding the Greeks will tell you about how much money you will make or lose when you trade options.

Trading options without understanding the Greeks is like trading with a blindfold on.

It’s easy to learn the Greeks!

There is a lot of info for free on the Internet. Or, better yet, you can take our amazing upcoming live seminar, Options Success School. Click here to claim your discounted ticket!

 

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TRADESMITH video Free version – September 18, 2017

A big story of the next year! Watch TradeSmith video 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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TRADESMITH video Free version – September 11, 2017

I just can’t help it if I’m making tons of money here. Watch TradeSmith video 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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Why Options Are Better Than Stocks

Imagine you go online to get your broker’s most recent statement. Imagine you open it up and you see a big profit! You were worried about making your rent and car payments.

But a big wave of relief washes over you.

You smile.

This can be the type of reality you can achieve by using options.

Options have some big advantages over stocks. If you are profitable trading stocks then you will turbo charge those profits using options. If you are unprofitable trading stocks then options may shift you into the profit column.

Here are just some of the advantages:

1. Small capital requirement. The most common reason that traders use options is that they require very very little money. You can buy great options for just $100-400. Far less than the amount needed to buy 100 shares of the stock. This means that you can have a big portfolio and a diversified portfolio.

2. Leverage. Each options controls 100 shares of stock. Yet you can buy many options for $100-500 while it would cost thousands of dollars to buy 100 shares of the stock.

3. Control risk. You always know the maximum you can lose when you buy options. You pay a premium for the option and that is your maximum risk. You don’t need a stop loss.

4. Super cool strategies. You can construct some mind boggling strategies with options and can dramatically enhance your profits.

There is really only one bad news with options and that is that you have to learn some extra knowledge.

I haven’t taught options trading for years but I am pleased to announce that I will be teaching my legendary Options Success School on October 7-8 in the WealthBuilder classroom in Las Vegas.

I’m giving a huge discount right now for you to sign up.

Click here to claim your discounted ticket!

Thanks!

Good trading,
Courtney Smith

P.S. I’ve also put together a daily advisory service called Smith’s Stock Swing Trader. I give my actual trades every day that only take a few minutes a day to put in. So it is perfect for creating a global freedom lifestyle. We are using stocks and options in these trades. You can get more info here.

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How The “Flip Back Strategy” Can Make You Money

Imagine you see a bull market. You see the market take a dip and you strike. You buy a big position as the market is going down.

But you have caught the bottom of the market perfectly and the price starts to skyrocket higher again.

You have a big winner in just a few days!

Now imagine doing that all the time.

This is the essence of the Flip Back Strategy. Perfectly buying dips in bull markets and selling rallies in bear markets.

Here’s how it works.

You first have to define the trend. Is it bullish, bearish, or neutral. You can define it even more precisely. Wildly bullish, bullish, or slightly bullish. And so on.

This is really important. You get the trend wrong and you get the trade wrong.

How can you determine the trend?

There are many ways. You can use a classic definition like the market is making higher highs and higher lows. You can use trend lines. You can use moving averages. You can just use your eyeballs.

Use whatever works for you but make sure you use the same technique all the time.

Now that you know the trend you are ready to find an entry point. Let’s say it is a normal bull market.

We need a technique to tell us exactly when to buy on the dip. We need a technique that gets us buying at the low of the dip or very close to it.

We want a technique that has some type of good risk management or you can use options with to control risk.

It turns out that there are many techniques like this. Let me outline just one.

I have a technique called Boing Boing. Here are the basic rules. I’ll use a bull market as an example but just flip the rules upside down for bear trades.

First, identify the trend. In Boing Boing, I tell people to use their eyes to determine the trend. But, the trend must be perfectly clear. No hesitation about the trend. I want to know the trend for the last 2-3 weeks.

OK, got it? Have you identified a market with a very clear trend?

Now when do you buy?

I use a standard indicator called RSI. You can find it on almost all charting packages. Try  Stockcharts.com for a free chart service with RSI.

The market starts to dip. Wait until the RSI closes below 30. That is your signal to buy. Buy market on close the day it closes below 30 if you can. Otherwise buy market on open tomorrow.

Boing Boing will get you long at or very near the bottom of the dip just about every time. Of course, it is not perfect and you may have the occasional loss. But surprisingly not very often!

Of course you also need to make sure you have good risk management techniques.

Want to learn more about Boing Boing? I offer a super cool online course called How To Quit Your Job Trading Stocks and Options. You can find out more info by  clicking here now. This is where I teach Boing Boing and several other Flip Back Strategies! You can Check it out here.

Wouldn’t it be cool if you could watch me trade Boing Boing “live”? I have a service where I show you my actual trades using short term swing trading in stocks and options. The real purpose of the service is to make a living or create a second income trading stocks and options.

It’s a new product from us but the performance has been terrific. Check it out by clicking here.

Good trading!

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