"HOW TO MAKE UP TO $130,000 (£89,000) A YEAR TRADING STOCKS PART-TIME FROM HOME""Trading as a Business" - Mike Diplock
At a recent seminar organised by us, Mike Diplock, a full-time Daytrader, explained how someone new to Daytrading could create a business plan, follow the 'trading rules' and expect to earn between $1,000 and $2,500 each week or more.
Mike is an experienced full-time Daytrader and software developer. His presentation was aimed at convincing the audience that trading is a business and should be treated as such.
He started by emphasizing the need for a business plan, showing the layout and contents necessary and clearly states what markets you should trade and which you should avoid.
Mike explains the various trading timeframes which suit your trading style, be it Scalper, Daytrader, Swing Trader, Position Trader or Investor. He discusses the Strengths, Weaknesses, Opportunities and Threats that are ever present in this fast-paced world and divulges the majority of his trading techniques and the trade setups that he looks for.
- How many trades you should look to make each day.
- What you must have in a potential trade, before hitting the 'BUY' or 'SELL' button.
- How many trades per minute make good 'Momentum'.
- His nine strict trading rules.
- How to reduce your losses by up to 50%.
- How news affects a share price.
- How to setup a trading account and what features you must have.
- Which 2 hours you really should trade.
- What times you should avoid to minimise your losses.
Mike used graphs of actual trades to show how you work out the potential risk and reward before placing a trade and illustrates in detail the 'Cup and Handle' trade setup.
He even tells what income you can expect to receive each week if you follow the 'trading rules' to the letter. This is accompanied by exact figures detailing how much capital you should start with and how much you should risk on any one trade.
Finishing off with goal setting and trading psychology, Mike discussed the emotions 'FEAR' and 'GREED' and how best to build a winning attitude. His specific lists of Do's and Don'ts prove an excellent checklist for anyone considering or currently investing on the stock market.
This is what the audience said about Mike's presentation:
"very enlightening - impressed by techniques involved"
Patrick Henry
"well presented and logical - lots of good advice"
D. Norman
"absolutely excellent in his coverage, presentation and most of all his expertise"
Ray Morgan
"excellent"
David Marshall
"good explanation of psychology, stop losses and planning"
Shane Archer
"a must for new traders"
David Wagon
"Scalping the NASDAQ" - Alan Rich
FAST and FURIOUS is the only way to describe the method of trading featured in Alan's presentation. He starts by explaining his journey to track down the 'best in the business' - a trader who makes more than a million dollars each year.
Alan tells us about the lessons and techniques he learned from this trader and how anyone can use the tools of the Daytrader to help place better longer-term trades. He covers level II trading data and the relevant screens in detail, pointing out what each section means.
He shows visually how you can tell major support and resistance levels in advance, so you know which way a stock is going to move, BEFORE it ever appears on a graph. He reveals how you can buy shares without paying a bid-ask spread, how you can tell whether a 'breakout' is true or faked and how you can determine a market-makers strategy and place your trades accordingly.
And of course, You really must see his impression of a 'lumbering giant ...' The audeince said of Alan ...
"brilliant, absolutely brilliant !"
Alan Anthony
"wow !"
David Wagon
"awesome !"
Mark Weston
"brilliant and very entertaining, it makes absolute sense"
Jack Gilmour
|