The BIGGEST SECRET to trading Jim's newsletters - very important trading information !!!
THE INFORMATION IN THIS EMAIL IS JUST MY OPINION ON A FEW THINGS
ALL MY TRADES AND EXAMLES ARE HYPOTHTICAL
PLEASE SEE ALL DISCLAIMERS BELOW
THANK YOU VERY MUCH !!!!
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Hi again !!
Here's some of the biggest secrets
for trading my Premium Commodity Newsletter.
This really goes for all my newsletters,
but let's just stick with commodities for now.
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TAKING THE RIGHT TRADE
You have to take the trade that is right for you.
I am putting out trades with all kinds of different risk amounts,
because quite simply each market is different.
A full size Crude Oil contract is going to be more risk,
than a mini contract of Corn.
In other words you need to have a big account
and understand the risk before trading Crude.
Yet you know what happens without me even saying it.
Somebody will try to trade Crude with a small account.
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THE BIGGEST SECRET
This is probably the biggest secret in trading my newsletter,
is to keep your risk as low as possible.
That means you have to wait for the trade that is right for you. (your account size)
That means if you are waiting for a mini Corn trade,
and it takes me 2 months to put out a mini Corn trade,
you have to wait 2 months to trade.
It's not easy, I know that, but that is what you have to do
and that is what separates the winners from the losers - patience.
BIG RISKS DON'T EQUAL BIG PROFITS
IF YOU CAN'T HANDLE THE RISK
IT JUST PUTS YOU OUT OF THE GAME.
LITTLE RISKS WILL EQUAL BIG PROFITS
BECAUSE IT WILL KEEP YOU IN THE GAME.
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THE RIGHT STOP - IS THE LESS RISKY STOP
With volatile markets come bigger stops.
The right stop for a trade
is the level that
if the market goes there,
the trade is wrong.
As long as the trade is good we will be staying in.
For example if we buy Coffee at 140
and the right place for the stop is 130
that's where I am going to put the stop.
Most of the time the market won't even come close to the stop
and I could usually put the stop closer,
but after years of experience I believe the safest stop
is the right stop, which will sometimes mean a big stop.
If we are in Coffee and it starts to go against us,
and I see at the end of the day, the trade is no longer
a good trade, we will get out of that trade
as soon as possible - at the market.
So I call my stops - emergency only stops,
they rarely get hit,
but they will get hit every once and awhile.
THE RIGHT STOP IS THE LEAST RISKY STOP
EVEN IF IT IS A BIGGER STOP THAT WE WOULD LIKE.
I KNOW SOME WILL DISAGREE BUT AT LEAST THINK ABOUT IT
THATS ALL I ASK.
:-)
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GOING FOR THE BIG PROFITS
When you talk about risk you have to look at reward.
We are going to be going for big profits,
and when you go for big profits,
there is going to be risk,
that's just the way trading works.
If there is no risk there is no profit potential.
In other words my newsletter is a trend following newsletter
and not a quick in and out newsletter.
So the profits should take care of the losses
if everything goes right and of course
you know I can't guarantee anything
AGAIN PLEASE SEE ALL DISCLAIMERS BELOW
One more word about stops,
some will try to put in a close stop,
get stopped out, then get back into the trade,
get stopped out again, get back into the trade again, get stopped out again
and by the time all is said and done
they have lost a big amount and aren't even in the trade any more.
That is not the way my newsletter works.
I wait for the best place to get in a trade as possible (as far as I can tell)
then I put the stop at the right place and we hold that trade until it goes our way
or until I can see that the trade is not good any more and then we get out at the market.
In the long run - I really believe the right stop if the less risky stop.
Here's another way to look at it and again I know
some will disagree but remember it also depends on your system.
I am 100% confident in my system,
my system is a take bigger profits trend following system,
so if you have the right capital,
you should be able to handle a little bigger risk.
Again and again if a trade is to much for you
SIMPLY SKIP THAT TRADE !!!!
If you get my newsletter and you say
Jim that stop is crazy - simply don't take that trade !!!
When you see a trade and say Jim now that trade looks a little better,
and if it is right for you - there is your trade !!!
So for example let's say we put a $3000.00 stop on every trade,
but the stop only gets hit 1 out of 10 times.
AGAIN THIS IS ONLY AN EXAMPLE
THESE NUMBERS CAN AND WILL VARY.
You are really only risking $300.00 per trade.
Again I don't want to start an argument with anybody,
because I know some will say that logic is wrong,
but I just want to let you know how sometimes
you have to look at things a little differently in this business.
Also if we are going for a $10,000.00 of $20,000.00 profit
$3000.00 doesn't looks so big, so it is all kind of relative.
If you have a million dollar account,
like Uncle Jed would say,
that is just carrying around pocket change.
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ONLY HAVE A VERY SMALL ACCOUNT
If you absolutely don't have the account size to trade commodities,
you might consider my Forex and Stock newsletters,
There are some very low risk trades for those markets,
again me saying low risk is my opinion,
but the dollar amount risked in those newsletters,
is lower than commodities and again that makes since,
as commodities are just plain old bigger size contracts.
My Forex newsletter trades 1 mini contract at a time
and average risk per trade is probably right at $400.00,
and again that will very with each trade.
Sometimes $300.00 risk - sometimes $500.00 risk
AGAIN IF YOU ONLY WANT TO RSIK 300
THEN WAIT FOR THAT TRADE NO MATTER HOW HARD IT IS TO DO.
In Forex I am going for as big a move as I can get also.
STOCK NEWSLETTER
The stock newsletter is a gift as far as I am concerned.
I can recommend a $2.00 stock, you can buy 100 shares
and only be risking $200.00 and the sky is the limit (within reason of course).
Also I put out what I consider great stock option trades for $200.00 to $300.00 risk
and I consider that about as low risk of trading as you can get.
I mean let's be honest - if you are going to trade - there is going to be risk.
IN MY STOCK NEWSLETTER I NORMALLY SAY TO BUY AND HOLD
FOR ONE SIMPLE REASON I BELIEVE THAT THIS IS WHAT WORKS
OVER THE LONG HAUL.
You can't put a 10% stop on a $1.00 stock or you might as well not even make the trade,
just send them the money for your stop loss amount.
Lets say you buy 100 shares at $1.00 a share and the stock goes to 50 cents.
What is the point of selling it you are already down that much, you might as well hold,
because it is worth risking the last $50.00 just to see if the stock comes back.
I talk to stock traders all the time who will tell me they loss
$10,000 (again just an example) because they bought a
big amount of stock and put in the 10% stop.
Why not buy less stock, so you can afford to hold it - no matter what,
and then if you risk $10,000.00 you are at least still in the game.
I think we've all seen stocks that have gone way down and come
back up and then some.
To me that is the big advantage of trading stocks,
that you can hold them no matter what.
With futures the contracts have time limits,
being able to research a stock, buy 100 shares at $2.00 a share
and saying I'm risking $200.00 on this stock no matter what happens
is what trading is all about and you should be able to sleep like a baby
trading that way as long as you are using risk capital.
The rule is in trading if you can't sleep at night,
SELL DOWN TO THE SLEEPING POINT.
I honestly believe that if you follow what I am saying
and risking very small amounts compared to your account size,
my newsletters should work like a charm for you.
But you have to decide on what risk you are capable of handling
and find the newsletter that fits what you can take emotionally.
I could go on, but I'll wrap this up.
If you have any questions email me PLEASE
profits234@aol.com
To sum it up
#1
YOU HAVE TO FIND A WAY TO TAKE SMALL RISKS
COMPARED TO YOUR ACCOUNT SIZE TO MAKE IT IN THESE MARKETS !!!!
#2
YOU HAVE TO DECIDE BEFORE YOU TRADE HOW MUCH YOU ARE WILLING TO RISK
AND THEN WAIT FOR A TRADE TO COME ALONG THAT WORKS FOR YOU !!!!
#3
IF A TRADE IS TO BIG OF RISK FOR YOUR ACCOUNT
SIMPLY SKIP THAT TRADE.
Sorry about the bold lettering but I really do feel that this is very important
and we've all heard it a thousand times - don't over trade, and then what happens,
we all go out and over trade.
I AM ASKING YOU AS A PERSONAL FAVOR
IF YOU TAKE MY NEWSLETTERS
PLEASE DON'T OVER TRADE.
One last example that happens every once in awhile with my stock newsletter
and again here's the overtrading speech again.
When I put out a trade I almost always
write in my stock newsletter to PLEASE
only buy the amount of shares that is right for you.
If I say buy 1000 shares and 100 shares is right for you,
you have to buy 100 shares and not even think about it.
I'll recommend $1.00 stock and say right up front
we are going to buy and hold this stock.
That means if you have a small account buy 100 or 200 shares.
Anybody should be able to buy 100 shares of a $1.00 stock and hold it,
no matter how far it goes against us.
Then I will get the email, how long should I hold that $1.00 stock
and of course I figure the person has bought to much for their account size.
To be honest with you, it breaks my heart,
when that happens,
because I work so hard, not to let that happen to traders.
But again you have to decide on the risk before you take the trade.
I would like nothing better than to be sitting right there
with you and help you make the trade, but of course it is just not possible.
I hope I didn't offend anybody, as when you start saying things
that everybody doesn't agree on somebody will get mad,
but I just felt this was important to say
and if I made you mad just forget about that
and buy my newsletter.
:-)
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Premium Commodity
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I will work hard for YOU !
I know I say that every time - but it's the truth.
I'm up at 5:00 every morning
and usually don't quit at night until
I am stairing at the computer
and can't remember my name or where I'm at.
Then I figure it's probably quitting time.
THANKS !
Jim :-)
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Disclaimer - I am not a commodity trading advisor. This information is for trading education only. There are no trading recommendations for any one individual made on this site and this information is paper trades for trading education. All trades are extremely risky and only risk capital should be used when trading. All information believed to be reliable, but can not be guaranteed.
U.S. Government Required Disclaimer - Commodity Futures Trading Commission Futures and Options trading has large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures and options markets. Don't trade with money you can't afford to lose. This is neither a solicitation nor an offer to Buy/Sell futures or options. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this web site. The past performance of any trading system or methodology is not necessarily indicative of future results.
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