TRADESMITH video Free version – July 24, 2017

We have been making a lot of money! 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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I’m Homeless!

It’s true. I’m homeless. I have no place to live.

I don’t own a house. I don’t rent a house. I’m homeless.

I have a car. But not a home.

I don’t know where I’ll stay a month from now. I’m homeless.

OK, OK. I live in hotels. Often 5 Star hotels!

I travel the world, trading and enjoying my life. But, technically, I’m homeless!

Occasionally I stay with a friend. But mainly I live in hotels.

Sometimes I go to exotic locations where there are no 5 Star hotels so I have to stay in 3 Star hotels. Tough life.

I’ve been homeless for about 4 years. I got rid of my last owned property in 2007 and shut down any rented properties 4 years ago.

I took to the road. I started traveling all over every continent but Antarctica. Much of my travel was whimsical. Where should I go now? That sounds good!

My dream since I was a teenager was to travel, write, and trade. I do that now.

I always have to stop and smile a little when people ask me where I live!

Being homeless is not for everyone. Maybe you have stable responsibilities like a job or children or an aged parent. I get that. I totally understand.

But I know that being homeless, for at least part of the year, is a dream of most of you. You want the freedom to travel where you want and when you want.

Sit down and plot out your life being homeless. Where would you go? Would you base in one place or be fancy free?

This can be one of the most important benefits of being a trader. You too can become homeless once you get to a certain level of trading income.

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Do You Deserve To Be Rich?

How did you answer that question?

How you answered that question will determine your financial life.

Go on, ask yourself that question again. Be truthful. Dig deep to find the answer.

Nearly everyone feels that they don’t deserve to be rich. They feel deep down that there is something inside them that is defective. They feel that they aren’t fully formed. They feel that they are small inside. They are afraid that people will finally realize that they are a fraud on some level.

Is that the psychology of a rich person?

So many of us are still children deep inside. We were told over and over again that we were doing something wrong as children. Of course, we never lived up to our parents’ expectations. We failed.

Then we went to school and repeated the same feelings of inadequacy.

Then we got a job and repeated the same feelings of inadequacy.

Not everyone goes through this but the vast majority do.

It is often only when we become adults and attain competency in a job that we start to feel that we are worth something inside. This is the beginning of feeling that we deserve to be rich.

It is impossible to get rich and stay rich without feeling you deserve it.

You will always sabotage yourself before you get rich. You don’t ask for a raise to a level you deserve. You don’t invest in stocks because you are afraid you will lose money.

But you do deserve to be rich!

You are a human being and, as such, have value. Real value. Are you perfect. Of course not. But you don’t have to have perfection to be worth something. Perhaps even a lot.

You need to stop focusing on your faults and focus on your values. You are a good person. You do a good job at work. And so on.

You become what you focus on so stop focusing on your faults! Of course you should acknowledge them and try to correct them. But don’t obsess over them. Heck, don’t focus on them much.

Instead, focus on what you do well.

Dwell on your competencies, on the things you do well. You should be living your life here.

I know that I’m a poor proofreader. But I know I’m a pretty good writer. I could obsess over my poor skill. I could take courses in proof reading. I could study it til I get it right. But going through all that focuses my mind on the fact that I am a failure at proofreading. I will begin to think I don’t deserve success. I will begin to think I don’t deserve to be rich.

Instead, I should just hire someone to proofread and instead focus on the area where I am successful, writing. Then, I will have people compliment me. I gain some measure of importance in society. More importantly, I will revel in my competence. My self esteem will grow. I will feel that I deserve to be rich!

You can’t get rich if you don’t believe you deserve it. Change your mind by changing your focus.

Get rich. You deserve it.

Check out my online course, The Psychology of Massive Wealth. I address this issue in gory detail.

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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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