21
Sep

TraderMind 2011

TraderMind Webinar Program : Starts Monday 24th October 2011

Develop the fundamental thinking skills, beliefs and mental strategies required to overcome your fears, trade with confidence, be disciplined, and achieve trading success

Without a proper mental approach to trading you will experience higher levels of stress, fear and frustration, have lower confidence and be less disciplined; and even the best trading systems and strategies will at best bring you mediocre results and at worst losses.

The TraderMind webinar program is critical for anyone wanting to become a confident, consistent, profitable and successful trader. It is not about technical analysis or trading strategy. It is an intensive mental and emotional training program that will teach you proven, powerful psychological techniques and strategies that will help you to overcome your trading fears, develop stronger discipline, and maximise your trading potential and profitability.

95% of traders who have attended Tradermind describe the program as having helped them to improve their trading performance by the end of the course

100% of traders who have completed the course would recommend the TraderMind program to another trader

“One of the most significant courses I have ever attended. The knowledge gained here will measurably impact your P&L. J.R. – London

The TraderMind program consists of….

  • 6 interactive webinars over 6 consecutive weeks
  • Each with 60 minutes of information, insights and practical techniques
  • PLUS Live Q&A session
  • Follow-up tasks and activities to implement what you have learnt
  • Presented by leading trader performance and psychology coach Steve Ward

This is the best course on trading you will ever do. No MACD no RSI just solid education on what makes you afraid when you trade and how with a bit of work you can counter it. S.D. -  London UK.

Through the TraderMind program you will…

  • Create a mastery mindset, a set of beliefs and attitudes that is shared by the world’s best traders and elite performers
  • Assess your trading motivations and align yourself for success
  • Develop the ability to deal with the uncertainty of trading the markets
  • Condition yourself to deal with risk, losses, errors and losing periods
  • Build a positive mindset around winning, success and money
  • Create ways of thinking and focussing that enable you to overcome fear and trade with confidence, to enter the trading zone
  • Assess your beliefs about yourself, the markets and trading, let go of limiting ones and build new empowering ones
  • Understand how you make decisions and why you know what to do but don’t always do what you know
  • Discover the path to consistent trading
  • Enhance your cognitive fitness through practical mental training exercises

This was a superb course which provided fantastic value, IMO. Steve delved way into the unconscious and has shown me the undercover workings of my mind. I now have tools and strategies with which to ‘reformat the hard drive’. This is the start of an adventure, which I enthusiastically look forward to. Many thanks, Steve. J.S. – UK

TraderMind Week by Week

  • Week 1 : Tuesday 25th October : High Performance Trading: The 3 Keys To Successful Trading
  • Week 2 : Tuesday 1st November : Trading To Win : Developing The Winning Traders Mindset
  • Week 3 : Tuesday 8th November : Mind Power : The Power of Belief and Perception
  • Week 4 : Tuesday 15th November : Winning and Losing : Dealing With Risk, Uncertainty, Profits and Losses
  • Week 5 : Tuesday 22nd November : Emotional State Mastery – How To Get Into The Trading Zone
  • Week 6 : Tuesday 29th November : Breakout – Overcoming Your Trading Challenges and Raising Your Game

I had no idea how many things I was missing in my trading personality, how many things I didn’t know that I didn’t know until I did this short but very, very high impact course. If only I had had the courage to face up to my trading shortcomings many years ago, my trading life would have been so much easier. Steve’s delivery over the webinars is tremendous and engages the attention from start to finish. Superb, thank you! RH, UK

TraderMind 2011Special Early Booking Discount £247 if you book your place by Sunday 9th October at 23:59
Full price £297 and receive the James Allen Smith’s “Floored,”  DVD documentary about the changing face of the Chicago futures exchanges.

Click below to reserve your place now.

More feedback for TraderMind…

Over and above my expectations, very thought provoking and practical.

I was fascinated by how many areas we need to master to become great traders. I wasn’t expecting nearly so much detail and content. Steve’s delivery over the webinars is tremendous and engages the attention from start to finish. Superb!

Before the start, I was confident that the background of sports training would resonate well with me, having started to change my life with Timothy Galwey’s  ‘Inner Game of Tennis’, but the actuality of the course way surpassed expectations.

Very enjoyable course, wish that I had known about this a few years ago when all I focussed on was making money and “hitting it out of the park!”. That did not work, I know that this methodology does work, I feel totally reinvigorated. Thank you Steve.

“Steve Ward provided an outstanding program for traders of all levels. He covers in detail 3 major areas required for trading excellence touching on both the inner and outer games of trading.

Excellent program for the trader that knows that this game is mostly a mental game. Get that right and you are well on your way. Simple yet effective techniques, allow one to take action, and not just sit there and do nothing.

Thanks Steve, I have really enjoyed the program and it has helped me to identify so many areas in my trading that I can improve on.

Fantastic course that focuses on what really matters – the mindset.

TraderMind 2011 Special Early Booking Discount £247 if you book your place by Sunday 9th October at 23:59
Full price £297 and receive the James Allen Smith’s “Floored,”  DVD documentary about the changing face of the Chicago futures exchanges.

Click here to reserve your place now.

posted by admin in Courses and have No Comments
12
Dec

Markets 13th December 2010

http://www.tradertom.com/13december2010.htm

posted by admin in Daily Market Analysis and have No Comments
29
Nov

Small points

A friend of mine, and a client in the live trading room called me today and asked me “why do you take so few points from your spread trades?” I replied that it is all relative. I have no way of knowing what the market will give me.

He continued: “well, I follow your trades (educationally speaking), and today you made 11 points on the index trade. I traded them at £2 a point, so I made £22. I don’t mind. It covers the cost of the room, but I just don’t understand why you take so few points out of them.”

I agreed that £22 is not a great deal of money to make, in his case. In the portfolio we run, the Model Portfolio, I currently trade it in £10.20 a point.

However, that is not my own trading size. I have traded the spread trades for a while and I am very confident in their ability to make a good return over the course of a month. So depending on the scale of the divergence, I trade it in much bigger size.

In this case I traded it in £40 a point, and although no one is going to become rich from £440 on one trade, it is nevertheless a decent return seen over a 12 month period, if one is able to do it most days. In the month of November I have had my fair share of good and bad spread trades. I have f#cked up a couple of times, but net I am up on the month. I have learned a few tricks along the way to refine the method. So if there is money in the bank and I have learnt a few things, I can’t ask for anything else.

No clichés here. Just trading, for better or worse.

Tom

posted by admin in Uncategorized and have No Comments
08
Feb

The Others

As the saying goes, there are many ways to skin a cat. There are equally many ways to make money from trading. Since there is no correct universal answer, then who are we to judge how others trade?

Sure, you have the axioms of sound trading to guide you: cut your losses, let your profits run. It can only help you to follow those principles.

Victor Niederhoffer is a hero amongst some, a villain amongst others. His life in trading resembles that of a “person selling flooding insurance in New Orleans, and gets away with it for 50 years, until one day the levies burst”.

At WhichWayToday we use large stops, on the surface. We place a trade in the FTSE 100 today with a 120 points stop. Some would say, and some do, the stop is way too large. And it is. But it works for us, and it works like this:

We place a trade with a very large stop. We assume right from the get-go that the position is going to be a loser, until proven otherwise. It works for us. Phantom of the Pit taught us that. We work hard on immediately trying to reduce our risk down to a much smaller monetary amount.

And unlike Victor Niederhoffer we are not trading so big that the markets conspire against us, yet.

So when you come to our site and you see that we risk 120 points to make 20, you may think: amateurs. And maybe you are right. Or maybe you are just thinking like everyone else.

If I can make 20 points 90% of the time, and lose 120 points 10% of the time, I have a winning strategy.

If I can win 20 points 80% of time, lose 120 points 10% of the time and breakeven 10% of the time, I have a winning strategy.

Is this for everyone? Only you can answer that.

Last year we had a decent year, if you call doubling your account a decent year. This year we are starting in the right direction. Our model portfolio is up 5%. In 3 weeks. Our goal is to make 3-4% each a month. There are 2 traders in WhichWayToday, and although we sometimes take positions that are in conflict with each other, we tend to see the market the same way.

Morale of the story: whether I flip a coin, contact Mystic Meg, or use my secret FiboQuadrant indicator, I am bound to draw criticism from some and applause from others. That is the nature of the game.

For me, though, there is only one thing that counts: will I be profitable over the long-run? I will have to wait for the long-run to come around before I can answer that, but 12 months into WhichWayToday and 49 winning weeks later, I think it is fair to say that we are not in the 90% category, which crash and burn in the first 6 months. So raise a glass to large stops, and lets others do what they want to do.

posted by admin in Random Thoughts and Observations and have No Comments
05
Feb

Special Offer: 5 weeks and 3 books

Did you know that we have negotiated an offer with two trading firms? It means you can claim up to 5 weeks in the live trading room free of charge, and get 3 outstanding trading books sent to your home.

 How do you do that?

 http://www.whichwaytoday.com/promotion.htm

 We look forward to seeing you in the live trading room

 Kind regards

 Tom Hougaard

posted by admin in Random Thoughts and Observations and have No Comments
26
Jan

Euro $

Euro $

I watched the Euro $ go sideways all day yesterday and was tempted to scratch the trade many times . The four hour chart has finally proven its worth and the market broke as forecast by a coupling of Eva Mendez and Ralph Elliott. The mind boggles.

My entry short was 1.4150 and the euro$ is now trading at 1.4080. Lets get the stop to entry and sit a while. The old low is at 1.4027.

We now have a free bet .

Have a great trading day.

posted by admin in Dr David Paul's Blog and have No Comments
25
Jan

NEW Lows coming below 2009?

Bob Prechter thinks so. Check this out from Yahoo:

http://finance.yahoo.com/tech-ticker/article/299205/Bob-Prechter-%22Quite-Sure%22-Next-Wave-Down-Will-Be-Bigger-and-March-Lows-Will-Break?tickers=%5EDJI

I have copied this from Yahoo. I hope I am not breaking a copyright law. If I am, then please let me know and I will remove it. Email me on info@whichwaytoday.com
“”"In late February, Robert Prechter of Elliott Wave International said “cover your shorts,” and predicted a sharp rally that would take the S&P into the 1000 to 1100 range.With that prediction having come to pass, Prechter is now saying investors should “step aside” from long positions, and speculators should “start looking at the short side.”

“The big question is whether the rally is over,” Prechter says, suggesting “countertrend moves can be tricky” to predict. But the veteran market watcher is “quite sure the next wave down is going to be larger than what we’ve already experienced,” and take major averages well below their March 2009 lows.

Yes, the late 2007-early 2009 market debacle was just a warm-up to what Prechter believes will be the bear market’s main attraction. In this regard, he says the current cycle will echo past post-bubble periods such as America in the 1930s and England in the 1720s, after the bursting of the South Sea bubble.

The 2000 market peak market a “major trend change” for the market from a very long-term cycle perspective, and the downside is going to continue to be painful well into the next decade, Prechter says. “The extreme overvaluation, the manic buying and bubbles in the late 1990s [and] mid-2000s are for the history books – they’re very large,” he says. “The bear market is going to have balance that out with some sort of significant retrenchment.”"”

posted by admin in Markets Uncencored and have No Comments
25
Jan

Euro $

Good morning,

I posted a series of charts last week on the technical position of the euro $. Here i believe that the market is in the process of making a wave 1 down of a C wave .

Within this wave 1 down , the euro $ is charting an w5 of this w1. Within w5 of w1 there is a subwave of 5 waves and my analysis says that there is a w5 of a w5 of 1 of c to come . This is quite a mouthful i know.

I am waiting confirmation to short the euro$ and will get that with any luck at 800 am GMT.

Have a great trading morning.

David Paul
posted by admin in Dr David Paul's Blog and have No Comments
25
Jan

MONDAY morning uncertainty

Good morning,

It will be a difficult morning for equity traders. Wall Street fell off a cliff Friday night. The Asian session predictably fell Sunday night, but not by as much as had been feared. In the meantime the Dow has put in a spectacular recovery rally, and is now being called up 75 points. The Euro and the Sterling rates against the Dollar are pointing to Dollar weakness, which correlation wise often means stock index strength, so at this juncture in the morning it is anyone’s guess how bad the open will be for stocks.

If we go by the falls in Asia, which have already fallen heavily over the last week, then the falls should be contained to within 1% or less. Right now the DAX is being called down almost 1.5% by us.

 So far my prediction for a 10% correction is well under way, and I am not surprised by the 5% fall last week. I still think we will see lower prices in the first quarter of 2010.

posted by admin in Uncategorized and have No Comments
24
Jan

Dr David Paul – fellow trader on WhichWayToday – will post on this page

Dr David Paul currently posts on his own blog: http://www.traderdavy.blogspot.com/

He will now post his articles on the WWT blog too

Happy trading

Tom

posted by admin in Dr David Paul's Blog and have No Comments
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