Archive for the ‘Elite Insiders Group’ Category

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The tale of 100 traders

Friday, August 17th, 2007

How long can you hold on for?

100 traders were given a stock pick from a highly reputable trader/advisor. The pick came with entry price, stop loss and method of trail. [His accuracy in the past made him second to none, however very few of his clients can make the sort of returns he does, even though they follow his picks religiously.]

Of the 100 traders that entered the trade (all at roughly the same price), only 5 went on to make double digit returns, and only 1 went on to make a triple digit return. 50 broke even, 40 lost money and the remaining 14 had mixed results but all were less than double digit returns. So what happened?

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Posted in Dean Whittingham, Elite Insiders Group, Financial Market Fisherman, Money Management, Trading System | No Comments »

Win a complete trading system course

Sunday, August 12th, 2007

Here’s your chance

The Dow30 (DJIA) presented a perfect short trade on the 9th on the hourly chart.
What presented as a trade began forming around the end of July and the 1st of Aug, and made its final completion on the 8th where it said to me, Dean, here is a possible short.

I want you to go to the hourly chart of the DOW and tell me exactly what it was I saw. If you can do that I will give you a free copy of my book, the Financial Market Fisherman.

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Trading does not have to be a lonely business

Tuesday, August 7th, 2007

Seeking support from friends

You may have heard before, trading can be a lonely business. But this can depend on whether you choose to do it alone or whether you choose to seek support. For many, trading will be a lonely business, and also a very frustrating one.

Seeking support from others is actually a natural process, and also a reciprocating affair. You should seek others support with the intention of having a mutual friendship, but also to make yourself accountable.

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The Stock Markets Tumble

Friday, August 3rd, 2007

Did you see it coming?

I would like to ask any reader if your intuition predicted either of the following; the sharp drop in the major indexes, the sharp rise in the US Dollar, or the sharp rise in the Japanese Yen (unwinding of carry trades)?

Intuition is our most powerful sense, it enables us to read someone’s energy frequency (good mood/bad mood), before they even walk through the door. It also gives us the ability to assess and analyze a situation at a sub-conscious level before other factors become involved.

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Posted in Dean Whittingham, Elite Insiders Group, Financial Market Fisherman, Fundamental Analysis, Stock Market, Technical Analysis, Trading Psychology, Trading System | No Comments »

How to turn $20,000 into 1 million

Saturday, July 28th, 2007

In less than 6 years!

I witnessed an interesting experiment the other day using an compounding calculator. The presenter started with $20,000 and compounded it monthly, starting with 2%, and showed that it would take 16 1/2 years (199 months) to turn that 20,000 into 1 million. At 3% it took just over 11 years (134 months), 4% 8 1/2 years (101 months), and at 5% it took just 7 years. Nothing new here.

However the presenter then added an extra element or dimension to the calculation, and that was - additional periodical deposits. Here is how it went; starting with $20,000 and compounding monthly at 2%, and adding $500 a month from another source, the 20,000 turned into 1 million in only 13 1/2 years, 3 years less than the example above without the periodical additional deposits. Depositing $1000 a month, compounding at 2% a month, the 20,000 turned into 1 million in only 11 1/2 years. In fact, if you take $20,000, compound it at 5% per month and deposit $1000 a month on top, you’ll turn that 20,000 into 1 million in 5 3/4 years, or just 69 months.

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Forex

Friday, July 20th, 2007

The Biggest Market On Earth

Forex is the common word used for Foreign Exchange, and is sometimes referred to as FX or Currencies. In the Futures markets currencies are bought and sold like any other commodity, but in the FX market, they are exchanged with each other, hence the term Foreign Exchange Market. This post will look at the Foreign Exchange Market.

If I am in Australia and I wish to buy US dollars, I will sell AU Dollars in order to do so. Therefore, I become a participant in the FX market. FX participants vary and may include tourists, shop owners, tellers, importers and exporters, banks and other financial institutions, fund managers, traders and investors. The FX market is open 24 hours a day and starts in New Zealand at 9am Monday morning their time and finishes the week in New York at 5pm Friday EST.

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Posted in Dean Whittingham, Elite Insiders Group, Financial Market Fisherman, Futures, Trading System | No Comments »

Trend Follower vs. Range Trader

Sunday, July 15th, 2007

Does your trading style fit you?

If you haven’t worked it out yet, our theme so far on this blog has been getting ‘you the person’ right before you begin your trading career, or if you already are a trader and struggling, giving you clear and concise ways to find out why you’re struggling.

The topic of this post is trend following vs. range trading. I’m writing this post because there is a big difference between the two and even more pertinent is that most traders are either one or the other. Rarely do you find a trader who does both.

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The Truth About Leverage, Margin and Risk

Tuesday, July 10th, 2007

What does it all mean?

Some traders can get confused between leverage and risk. By that I mean when someone says ‘you can obtain this financial product on high leverage or low margin’, they assume this means high risk, when in actual fact the risk is always there regardless of the leverage.

This common connection between high risks: high leverage comes from not understanding leverage properly, but even more so not understanding risk.

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Posted in CFD, Dean Whittingham, Elite Insiders Group, Financial Market Fisherman, Trading System | No Comments »

Mechanical vs Discretionary : Technical vs Fundamental

Friday, July 6th, 2007

Where do your strengths lie?

Understanding where you are strong means having an edge. For example, one that stands out for me is a successful options trader. Before becoming a trader he was in the navy, and one of the things you can associate with defense forces is the strict discipline they must learn. You may or may not already know that discipline is an important key in trading success; and this man turned $10000 into 1 million in 3 years!

Unfortunately, many don’t find out what their strengths and weaknesses are until well after they have taken a solid beating from the markets. An example of this is getting involved in a trading system or buying a course where the meat of the trading is discretionary, meaning you analyze and make discretionary decisions based on your analysis. There is absolutely nothing wrong with this approach if it suits you, but for many it does not. Some people need a solid set of rules that require nothing more than if A = B, then do C, and this is called mechanical trading.

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Posted in Dean Whittingham, Elite Insiders Group, Financial Market Fisherman, Fundamental Analysis, Money Management, Options, Technical Analysis, Trading Plan, Trading System | No Comments »

Contracts for Difference or CFD’s

Sunday, July 1st, 2007


What are CFD’s?

I had planned on doing a post on CFD’s in the near future as part of a series on the many products available to traders, however I have moved this forward in response to a comment made on this blog asking to explain what CFD’s are. Brian did give a response but asked me to expand on it for the benefit of all.

The term CFD stands for Contract for Difference, and it is essentially a contract between you and another party (the provider), where by you settle the difference between the purchase price and sale price of the contract. If your sale price happens to be higher than your purchase price you make money, likewise, if your sale price is lower than your purchase price, you will lose money.

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Posted in ASX, CFD, Dean Whittingham, Elite Insiders Group, Financial Market Fisherman, Futures, Options, Products, Stock Market | No Comments »

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