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  • Trade what you SEE - not what you Think Want to know the difference between what winning

  • financial traders and losing one's do? Well here are a few pointers from Self Made millionaire

  • trader Vince Stanzione and author of Maximum Trading Profits In Minimum Time:

  • 1.Winning traders trade what they SEE not what they think.

  • If the price goes to 50, 51, 55, 60, it is going up, it doesn't matter what the indicator

  • or news says or what you THINK should be happening, the price tells you the truth and should always

  • be obeyed. Many new traders lose large amounts of money trying to pick the top or a bottom,

  • this is risky and not required to succeed -- unless you have psychic powers then stick

  • to a trading system and don't guess.

  • 2. Don't get carried away by technology It's easy to get blown away by all the great

  • software, on-line trading, real time data, charts, business channels, apps and bells

  • and whistles. The truth is, less is more, and information overload makes you a worse

  • trader. The more complicated your system, the less chance it will work or that you will

  • follow it. The majority of technical trading indicators are a total waste of time and you

  • do not need to waste money on expensive trading software that claims to predict markets. The

  • most important factor when trading any market is the price.

  • 3. In trading and investing we are dealing in unknowns and factors out of our control

  • -- what you can control is the amount of money you risk on any one investment. How ever sure

  • you are that XYZ is going to soar make sure you only invest a percentage of your trading

  • bank that should it not turnout as you hoped you can still live to fight another day. If

  • you money manage and keep losses small and your wins big then you can lose more times

  • than you win and still make money.

  • 4. When Vince was a broker he had access to 1000's of client accounts and could see how

  • they traded -- the majority would cut winning trades very quickly but let losing trades

  • run "hoping " that they would turn around. You cannot afford to trade and invest like

  • this -- if something is not working out as planned cut it and get out -- taking a small

  • lose now is less painful than taking a big lose latter.

  • 5. Don't have a directional bisis. Many want to either always to just buy and go long a

  • market, others are always bearish and want to go short -- a good trader should be natural

  • and happy to trade markets either way. For example Vince may be long a stock for many

  • months that is in an up trend and then when it breaks that trend he will sell and go short,

  • allowing him to profit from Up and Down moves.

  • If you too want to make Maximum Trading Profits in Minimum Time an profit regardless if the

  • markets are rising or falling then visit and put the odds in your favour.

Trade what you SEE - not what you Think Want to know the difference between what winning

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