Net Invest

Gold etf trading signals allows beginner traders to taking advantage of the gold market using the GLD exchange traded fund to generate consistent profits in any market condition.

As I mentioned before, the past 5 months have been very frustrating for most traders as we are stuck in this sideways price action. I also noted that August to December is generally the stronger months for gold. Although gold has been under selling pressure during the last 4 weeks I think there is light at the end of the tunnel. Its usually the darkest before dawn, but there are some hurtles for gold to over come before we are in the clear which I explain below.

1 The Gold Mining Stocks Index
An 10 year chart with a cup and handle pattern complete with a breakout. Gold mining stocks have continued to collapse below their support level. This does not mean gold is going to follow but it is a red flag which needs to be noted for future long entry points. Gold mining stocks in general are seen as volatile and high risk types of investments so I understand why investors are unloading their positions to lock in profits. Gold mining stocks are pushed below long term support level.

2 Gold Stocks Index
An 8yr chart of the price action of gold stocks and you can see that they are currently testing long term support levels. If this monthly bar closes below this trend line then long term investors should be sitting in cash until we have a new opportunity to enter long or short. The HUI generally makes the move before the price of gold so I follow the HUI in all time frames. The HUI is testing long term support.

3 Performance Chart (Gold Stocks vs Price of Gold)
The past 2 years, from 2006 to present gold stocks have slowly been underperforming the price of gold. This is generally not a good thing to see if we want higher prices for gold. But the good news is that gold stocks appear to be reaching levels at which new rallies have started. Gold stocks under performing the price of gold but near support.

4 Daily HUI Chart
I follow the HUI like a hawk as it fine tunes my entry and exit point for trading GLD, DGP and DZZ funds. Last month the HUI made a lower high and a lower low which is a red flag. While I dont predict prices I am thinking these lower prices for gold stocks are just panic sellers over extending a sell off. I would really like to see an August rally kick into place. The HUI makes a lower high and lower low on the daily chart.

5 GLD Gold ETF Chart
While gold stocks have been selling down, gold has so far been able to hold some ground. As you can see in the chart below the last three months gold has made higher highs, and higher lows. Currently gold is testing Major Support at the 200 EMA. Gold ETF GLD at long term support still holding its ground.

Conclusion:
My analysis of gold above explains that gold stocks and indexes are oversold and are at major support levels. Thus an August rally is not out of the picture and we could have some favorable setups in the near future. I would prefer higher prices, but in the end movement is movement and we can profit in either direction evenly.

GLD gold etf trading for me is the most accurate trading vehicle I have come across. I have been using my proven trading model which avoids the price gaps and keeps risk under 3% for each trade. GLD makes it simple to profit from the markets using a proven trading model for trading long and short term gold setups in all market conditions (bull, bear, and sideways).

My focus for short term trading is simple. Wait for a breakout which satisfies my trading model, enter the trade and then exit 50% of position on the first sign of weakness. Exit second half on a trend line break. My goal for GLD ETF is 2-5% and we are in trades for 2-10 days unless prices continue to run. I generally have 10-20 trades per year with gold.

Chris Vermeulen is a trader and newsletter writer specializing in the price of gold stocks, gold ETF, oil stocks, oil etf, silver stocks, Junior Mining and Energy Stocks listed in the US, Canada and Australia. Please visit my website for more information. www.TheGoldAndOilGuy.com

Higher oil prices and consumer demand for sustainable packing give investors a new way to profit.

Sustainable packaging represents a massive investment opportunity, as we move away from plastics and into more responsible materials. Packaging comes wrapped around just about every product you can imagine, at some stage in its life cycle. With the annual global market reaching $420 billion, it stands to reason why this will be a hot sector to watch.

Migrating from Plastics to Fuel a Growth Industry

The move away from plastics has become more obvious, with governments legislating plastics out of the market. Europe has led the way, and the US is starting to follow. Although twice defeated in the California state legislature, a bill to ban single use PVC containers likely won’t go away. Other states will certainly follow suit. At present, some 30 million tons or plastic each year get dumped in the US, and only about 5% gets recycled. That will surely change.

When it comes to what makes up sustainable packaging, most experts agree that you have to look at the entire product life cycle, from raw materials sourcing and acquisition through eventual disposal. According to the Sustainable Packaging Coalition of Charlottesville Virginia, a not-for-profit organization, materials must be sourced responsibly, designed to be effective and safe throughout the life cycle, meet market criteria for performance and cost, made entirely using renewable energy, and once used can be recycled efficiently to provide a valuable resource for subsequent generations.

Bioplastics: The Good, the Bad and the Alternatives

Alternatives to the ubiquitous PVC plastic solutions have become more available. Plastics made from renewable resources, known widely as bioplastics, have gained plenty of exposure, lately. DuPont (DD) fired up its first biomaterials plant in 2006, selling more than a $100 million worth of products in the past year, including its bioplastic called Sorona. Starting this year, Cargill’s NatureWorks unit hopes to ship 140,000 metric tons a year of a bioplastic called Ingeo, for use in fresh food containers and textiles, among other things. Brazilian petrochemical giant Braskem (BAK) is spending $300 million on a factory for sugarcane-based bioplastics, while Toray Industries of Japan is making plastics from fermented plant starches and sugars. There’s also a host of U.S. startups with names such as Novomer and Cereplast (CERP.OB) that make plastics from wheat, tapioca, potatoes, soy, and more.

Many of these bioplastic products have drawbacks, however. First, they must be disposed of through high temperature composting or incineration. Second, many of them draw on what would otherwise be food supplies. As such, they fail to meet both responsible sourcing and efficient recycling criteria, to varying degrees.

As the price of oil continues to rise when world economies shift back into growth mode, the cost of oil, the raw material for most plastics, will drive more manufacturers into alternative sources such as bioplastics. The corollary strain on food stocks could cause bioplastics manufacturers increasing resistance, as higher demand for corn, soy, wheat and other raw materials drives food prices up and results in social outcry and potential restrictions. With bioplastics use growing at 20-30% per year, that’s a real threat. In any case, causing starvation in developing countries so the world can have nice packages hardly amounts to responsible.

Bioplastics increase greenhouse gas emitted from landfills, and concerns exist over the use of GM, or genetically modified crops used to supply bioplastic factories.

Other alternatives to PVC and bioplastics do exist. One popular European product uses agricultural waste to make packaging material than can be easily formed to a wide range of shapes, provides color, can be transferred from freezer to oven or microwave, and can be tossed in a backyard compost heap and turns into fertilizer. Adoption of this kind of product has been largely driven by a growing consumer demand for the better part of a decade. Subsequent political pressure has resulted in a spreading marginalization of PVC and oil-based products through legislation.

Outlook for a Greener Packaging Future

The two trends of higher oil prices and growing demand for sustainable packaging is likely to continue for the foreseeable future, as the global move to new alternatives transforms the game, and in the process creates a good number of new investment opportunities in green packaging.

Financial Profiles:

Blake Desaulniers has been in research and analysis for financial publications for 25 years, identifying trends and emerging market opportunities in micro-cap stocks for the Cleantech, Nanotech and Energy sectors. His Financial Profiles website and newsletter help investors find little-known companies whose share price is set to explode by exploiting important trends or technology breakthroughs.

Right now investors are challenged to make their investing decisions between two types of companies. There are companies that invest in themselves, turn profits, and in on way or the other contribute to social and ecological mayhem. Other companies support social and ecological growth and preservation. Considering the amount of power that each investor holds in supporting companies, it is a little surprising how many investors are willing to purchase shares of companies known to directly or indirectly assist in the destruction of the environment or social standards around the world and then take the time to build up a fund for their children’s education. When the children of today hit their adulthood, the world is likely to be a very different place.

While not all companies that do not support social or ecological growth and preservation are directly involved in the destruction of these two major players of social responsibility, but without directly offering support to the social condition there is a direct effect. Other companies hold a direct effect and are fully aware of their compromised state of affairs.

There are companies out there that are able to preserve the social standard for first as well as third world countries as well as protect environmental issues while at the same time being able to bring home long haul profits. These companies don’t make profits as quickly as those companies that contribute to the destruction of societal issues but they do pull a long term profit.

Investors small and large are able to directly determine which companies are the on the top of the list. While it can be difficult to make changes, investors control the strings. If enough investors went with green companies and stuck with these companies, those companies that practiced shady and potentially underhanded business practices would be forced to reconsider their position on such topics. When investors demand responsibility, companies respond. In fact companies respond faster to public outcry and dumped stocks faster than they respond to government sanctions and fines.

The bottom line is pretty simple. What kind of world are you hoping to leave your children? By valuing the human condition more than short term solutions, investors have the power to turn the course of business around. With so many investors leaving their business dealings to brokers, there are more than half of the investors in the country without sufficient knowledge about what type of businesses their money is invested in and have no inclination to change it because they simply aren’t’ given the information.

Choosing companies that value both the environmental factors and social awareness and responsibility means providing stronger profits over a longer period of time and providing our children with a world where freedom truly does ring.

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.

Traders are a very unique group of people. They are cut from an interesting and very special cloth. They are globally linked and yet they are in their own solitude much more often than not. They are high performers with a flair for the innate. If this is where you are heading then this is the life you are choosing to make incredible.

New traders often come to the table wishing for something big to happen. They expect to gain a tremendous amount of financial wealth and then change their life with it. New traders are in for a surprise. There is so much beauty in the process that every now and then it is necessary to step back and admire what is going on in order to appreciate it more.

As a new trader gets more and more accomplished, he or she finally stops wishing for things and realizes that the power of creation is actually in their own hands. Want a bigger home? Want to travel more freely? Want to make sure the kids get off to college and there is plenty of room for retirement? Then as a trader you have the ability to make all of this happen through careful planning and a devoted sense of wanting what is best for you and your family.

Wishing can slowly become replaced with capability. Once capability hits town then it becomes a highly charged marketplace with more capable hands in the pot. Of course at any given time anyone can quit trading. The key is finding out what about trading makes you tick, makes the process enjoyable to you, and how well you truly believe that you can do in the marketplace. In most cases, novice traders begin to hone their skills as soon as they suffer one big loss. Until then, it just might have been childs play.

Because, as a trader, you are in control of your own environment as well as your place of business, you can also determine that you want to practice the action of creating your own destiny. It is a fabulous place to be and most traders can reach this mindset within their first year or so. Once you realize that you can dump the wishing and leap right into the creation of everything that you want then you will be ready to take on the responsibility for that creation. That brings it so much closer into your reach.

None of us can accurately predict the future. But we can determine through past behaviors and evidence that supports it that trading is really a sport of numbers. Just like any other sport, it requires disciplined and a true desire to love what you are doing. If it’s just another job to you it is doubtful that you will make little of the opportunity. If you see it as an opportunity to polish your own path, then your trading days are going to be absolutely glorious.

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.

Right now investors are challenged to make their investing decisions between two types of companies. There are companies that invest in themselves, turn profits, and in on way or the other contribute to social and ecological mayhem. Other companies support social and ecological growth and preservation. Considering the amount of power that each investor holds in supporting companies, it is a little surprising how many investors are willing to purchase shares of companies known to directly or indirectly assist in the destruction of the environment or social standards around the world and then take the time to build up a fund for their children’s education. When the children of today hit their adulthood, the world is likely to be a very different place.

While not all companies that do not support social or ecological growth and preservation are directly involved in the destruction of these two major players of social responsibility, but without directly offering support to the social condition there is a direct effect. Other companies hold a direct effect and are fully aware of their compromised state of affairs.

There are companies out there that are able to preserve the social standard for first as well as third world countries as well as protect environmental issues while at the same time being able to bring home long haul profits. These companies don’t make profits as quickly as those companies that contribute to the destruction of societal issues but they do pull a long term profit.

Investors small and large are able to directly determine which companies are the on the top of the list. While it can be difficult to make changes, investors control the strings. If enough investors went with green companies and stuck with these companies, those companies that practiced shady and potentially underhanded business practices would be forced to reconsider their position on such topics. When investors demand responsibility, companies respond. In fact companies respond faster to public outcry and dumped stocks faster than they respond to government sanctions and fines.

The bottom line is pretty simple. What kind of world are you hoping to leave your children? By valuing the human condition more than short term solutions, investors have the power to turn the course of business around. With so many investors leaving their business dealings to brokers, there are more than half of the investors in the country without sufficient knowledge about what type of businesses their money is invested in and have no inclination to change it because they simply aren’t’ given the information.

Choosing companies that value both the environmental factors and social awareness and responsibility means providing stronger profits over a longer period of time and providing our children with a world where freedom truly does ring.

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.

When we find ourselves faced with an unexpected sum of additional funds, we often feel as though we just received a huge bonus from the universe. Windfall spending syndromes are fairly universal when it comes to receiving a special surprise monetary award, even if it isn’t anything more than discovering an extra $20 in the laundry. We view windfalls as additional money, extra money, and easily spendable money. When we get a fresh windfall, we often ask ourselves how we would like to spend the money, not if we are interested in spending the money. And in most cases, we like to purchase things for ourselves that we normally wouldn’t under regular financial conditions.

A windfall isn’t really useful if you decide to blow it. When applied to trading, a windfall is now income. You have earned this money in the same way that you probably once earned a paycheck. When we view things as income, we generally don’t like to just blow through our regular paycheck. It makes us uncomfortable. So why then, would we convince ourselves that income, even significant income, that we receive as a direct result of trading (doing our job) would we want to spend it frivolously?

Since you earned this money by applying tested techniques, making sound decisions based on an investment strategy, and by carefully assessing our risk tolerance, how does it serve you to determine that you can now make more frivolous and whimsical decisions when it comes to taking risks with our next investments? While risk taking is part of developing a good investment strategy, adding increased risk just because you have a little more money doesn’t help you get to where you want to go in the future.

There are many who make the argument that it takes money to make money, and thus when an unexpected amount of money comes your way, you should invest it stocks that you feel have the greatest potential to create more wealth. To some traders, the greatest potential comes from those stocks with the higher risk factors. After all, the more risk involved the greater the returns one normally sees. While this viewpoint holds water, it isn’t quite on the mark when it comes to the mentality behind the desire to spend and risk the money.

When we spend money with the belief that it isn’t really ours or that it is in some way “extra” we are implying that not only do we not really need it, but its value isn’t the same as money we need and have worked hard to earn. A windfall is most certainly needed and you did work very hard to earn it. Holding onto the belief that it is extra allows us to treat it with less care than money we feel is ours and was earned through some blood and some sweat.

The most productive method of determining what you would like to do with an unexpected windfall is to put it in with the same lump of money that you are using to trade with. From there, it becomes part of your cash account. As you continue to go through your strategies and your trading decisions, taking ownership of the money helps you to keep yourself on track when it comes to a greater figure. Obviously, you’re on the right track.

Otherwise you might never have done so well in the market to begin with. If you are on the right track enough to pull in such a profit, then wouldn’t it make sense to stay on the track that you have started down and continue pulling in profits as often as possible? That way you aren’t taking unnecessary risks, you are treating the money like it is your own, and you are making decisions based on your rational thought processes and strategies rather than from a place of excessive caution or excessive risk taking.

We all have the desire to really hit it big and to test ourselves. Testing our skills against some of the more difficult trades to interpret can be rather beneficial. However, if you choose to take this path in order to further your own self confidence or to engage more openly with high risk trades, make sure that you are doing it from a place of complete ownership. If you have underlying issues like not feeling as though you really deserve the money or that you are fearful of something in the unknown future, address those issues without using the extra money.

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.

Success can be a one time achievement. In other cases, it can be a pattern of behavior that leads to a healthy bank account. Looking into your own personal history to develop successful patterns can be a highly profitable exercise that can help you break out and run with an independent spirit. Using past behavior to analyze successful patterns has been taught in great depth since the formative years in many cultures. Western culture, however, often uses success as a mile marker. Instead of directly indicating which behaviors have produced success, Western society is often more apt to believe in one hit wonders and one shot deals of a lifetime.

Looking over your past behaviors to find successful patterns isn’t quite the same things as delving into your past in order to find a moment of success. Successful patterns are behaviors that we can use over and over again to help achieve success, but don’t necessarily create success by themselves. For instance, an athlete runs the fastest mile of his or her career. That particular day that did a fabulous visualization and changed their morning diet. The combination of these two elements created the fastest time but using just one over the other may or may not produce similar results. The athlete needs to implement both behaviors in order to achieve success. The same applies to trading.

Successful patterns might mean situations like remaining disciplined or creating a strong trading plan. Without the trading plan, the successful patter might not be there, and vice verse with the disciplined trading. You are more than likely to need both behaviors in order to achieve success.

Expectation also plays a fabulous role in developing successful patterns and analyzing whether a successful pattern should be maintained. If you woke up one morning with the expectation of having a fabulous day and you went about your business with the intention of creating a fabulous day, you can implement the successful patterns much more easily and fluidly. However, you can implement successful habits and then sabotage everything because for whatever reason you already decided that the day was awash from the beginning.

We often lead ourselves astray believing that we are creating a scenario of winning when in fact we are just going through the motions and still sabotaging our own ability to win throughout our lives. We do this for any number of reasons, usually boiling down to a fear of failing or a fear of succeeding. When we can really get down and dirty and look into our past behaviors which have brought us to a successful place, it is important to analyze a little more than just the action.

We need to understand how we were feeling that day and why. We need to create the belief that since we already succeeded at something just one time then we can do it again. We need to walk into our offices in the morning fully prepared to pull together a fabulous and wonderful success strategy. We need to evaluate our own thoughts and feelings about success, and then we need to address our issues in order to clear our pathway.

When you combine the expectation of success day in and day out with the creation, analysis, and application of successful behaviors, you end up with a very strong position for success to inevitably follow. Whatever you are preparing to do, whether it is succeed or fail, that is where you can count on ending up.

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.

When it comes to trading and risk - that pretty much says it all, does it not? Each of us has our own tolerance level for risk. Traders are usually more comfortable with risk, as the more successful traders have developed a higher tolerance for risk-taking.

It’s natural to avoid too much risk, especially when it comes to real money. Nevertheless, most traders know that it is the nature of the beast. Certainly, there is no right answer. The key to success as a trader is to learn your level of risk tolerance and be careful not to exceed it.

What is your tolerance for risk? Sounds like a simple question, right? But your answer will depend on your experience, net worth, and the actual trade you are considering. Remember - there’s no sure thing, but if you apply your knowledge to creating a balanced plan of trading, you will be able to spread your risk around a bit. It will decrease your overall exposure and preserve your capital. Essentially, knowing your risk tolerance will help you balance your trades against your goals and objectives.

There are no-risk financial options, such as savings and money market accounts, but these generate little profit. On the other end of the spectrum, short-term trading holds the most risk but has the potential of bringing in huge sums of money. However you decide to invest and trade, weigh all of your options and don’t put all of your eggs in one basket.

It is impossible to complete avoid risk, especially if you are looking to make a profit in trading. It will take skill and time to determine your risk tolerance, but once you do, you will feel much more comfortable with the decisions you make on a daily or hourly basis.

You can reduce your risk by deciding a point where a loss is at a point where you need to close the trade. You have choices - and the decisions you make are up to you and you alone. By understanding your own risk tolerance, and following your plan, you will be a less stressed, more profitable trader.

If you’re willing to give yourself a five years window, commit a significant time, energy, and financial investment, and learn strategies, processes, and new ideas until your head swims, you will be well on the road to making day trading a fabulous career choice. Why paint it with such grim prospects. Because the internet has opened up a new and thriving market for anyone who wants to charge you for their “secrets” to “instant success.”

Day trading is not about instant success. It is about learning and growing and losing and winning. It is about a process that every successful day trader has already undergone and is wearing proudly like a badge somewhere under the scars they picked up along the way. There is work involved, and if you’re not disciplined and patient enough to do the work, you are going to lose your money.

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.

There are numerous trading strategies that one can employ when trying to build themselves a particularly sweet portfolio. Of course, the market has changed a lot over the years and the basic idea of “buy low and sell high” can be interpreted to fit our current needs. Once upon a time the basic trading strategy entailed buying low and holding onto the shares for a rather lengthy amount of time. However, this strategy might not always work in today’s market.

Short term trading can be very profitable. Obviously, when you are using short term trading techniques you are buying low and waiting for an increase and selling off. Some traders feel as though they would be missing a potential opportunity in this manner, like the longer they hold the more likely the profit is going to continue on a profitable track. Some traders feel that moving swiftly when profits show up is the only way to maintain a high win-loss ratio.

The greatest influential factor in producing profits is the mentality of the general population. While some aspects of the company’s foundation play a role, the general population is more apt to produce fabulous results or dismal failures based on what they believe the stock is worth. Taking this bit of information into account, short term trading can actually be highly profitable.

Short term trading allows for fast action and swift decision. If you believe that the stock in question is bound to increase steadily over a period of three years, then selling off too quickly might seem like a rash decision. Since public opinion has such a strong standing on that stock’s potential to produce, there is then a magic breaking point at which time the public will lose faith in the company.

Whenever a stock shows too much long term potential, the general population often decides it is about time for that stock to come plummeting down. It’s almost like people are more satisfied believing that anyone who didn’t jump in right away is going to miss out because it is only a matter of time before the stock starts to dwindle again. As there is some truth to this statement, it projects the probability of falling stock prices prematurely, and people begin to withdraw their funds as soon as this thought becomes relevant.

Some trader employ a totally unique strategy of pulling out and jumping back in. When a stock shows fabulous potential, they pull out and reenter with a smaller sum at a higher price, allowing for continued growth while simultaneously feeling as though they pulled out enough of their initial profit in order to stay in the game. Just like with any other trading strategy, there are flaws with this line of thought.

At the same time, since the market is nothing but flaws and theories, it can be a method of learning the process of short term trading with less risk of significant loss. Every day trader has to come to terms with the speed at which the market can change as well as the speed of which they must face uncertainty. With every new step toward high speed decision making, short term profits, and the ability to make quick and rational decisions the trader becomes that much closer to creating profits and doing so with a great deal of certainty.

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.

No matter what path you take in this life, there will always be people who will tell you it can’t be done, can’t be done by you, or that it’s too good to be true and that you need to get your head out of the clouds. Trading isn’t for everyone, and there are plenty of people who hopped online, especially in the early to mid nineties when some of the individual accounts were being so publicly pushed.

Once on the train, they failed, gave up, and ultimately decided that they were no longer interested in trying to live out their “fairy tale dream.” It is interesting how people believe that their failure followed by a decision to quit means that universally it just can’t be done. Perhaps it is just a general dislike that most people have when it comes to evaluating themselves honestly and a refusal to acknowledge that they gave up on themselves.

There are plenty of traders out there who are failing at the moment. Many of those traders will end up quitting on themselves when their accounts start to get too low or they feel they have invested too much time. Alternatively, there are plenty of traders out there who just want to give it another go, who believe that if they keep applying the skills, they can eventually master them.

The biggest difference between someone who keeps on going and learning and trying and those who give in and give up is faith. Those with a great deal of self believe and the faith that if just one other person in the world can do it, so can they are the ones who end up making a good living trading. Those who decided it couldn’t be done are missing out on the fact that there are enough people doing it to prove that is not the case.

If you want to trade for a living, then you’re going to have to develop a little self belief and a lot of optimism. Otherwise you may as well run back and see if your old job is still available. If trading ends up to not be your passion and you find you aren’t happy in the field, then that’s great. You learned something. But if you give up because you decided that it simply couldn’t be done, then you have given up on more than just financial reward. You’ve given up on finding the one thing that really motivates you to push ahead and to keep moving toward financial success.

Success, whether financial, emotional, or otherwise, is not exactly a breeze. There are plenty of people who jump into their desires only to find out in the end that it took more work than they initially thought it would and so they opted to pull out of it. There are others who are willing to stretch themselves very far to find the types of success that are highly important to them. It doesn’t make one person “better” than another. It is just a strong statement of belief offered up by a participant.

Moving forward toward your goals is going to present a learning curve no matter what you do. Nobody leaps right in with all the knowledge and self trust that they need in order to perform the skills perfectly. If it worked out like that, everyone would trade and there wouldn’t be anyone left to provide other services in the world. Trading is a chronic process of growing and learning.

It can be hard to tune out the cynics, especially when they are family members or those who say they really care about you. But listening to the cynical rationale doesn’t provide you with the insight, the motivation, the optimism, or the self belief that is required to get to where you want to go. Deciding that you can make your own decisions, that you can walk your own path, and that you can handle the consequences both good and bad as a result of that decision is more likely to catapult you to where you want to go.

If you would like to immensely improve your trading and investing results, check out www.secrets2trading.com
AND for a Limited Time, you will also receive a FREE copy of a limited number of the amazing book “Trading In The Zone” which is jam-packed with daily trading ideas and psychological preparations to instantly improve your trading and investing performance.

Trading is an awesome way to make a living. If you are successful, then you are able to spend a little more money here and there, buy bigger homes, send you kids to better schools, and of course, enjoy all the lifestyle perks of financial success. How about vacations? When was the last time you took one? When was the last time you left the market completely alone and didn’t even think about it?

There is a reason why vacation time is a vital part of negotiating any job position. Without vacations, we wither up and start to resent the very avenue that brings us success. Without a vacation, we become burn outs hating our lifestyle as much as our job. Without vacations, we never reconnect with the important things in life, the things that brought us to trading in the first place. Didn’t we want our kids to see more of the world while they were growing up? Didn’t we want bigger and better for our significant other? Without vacations, we don’t get a chance to really fully enjoy the things that we set out to accomplish.

In the early 20th century, Jesse Livermore was known as the most successful (and most feared) stock trader on Wall Street. In 1929, Livermore went short several stocks and made $100 million. He was blamed for the stock market crash that year, and solidified his nickname, “The Boy Plunger.”

Livermore’s trading success came not because of any “inside” information or knowledge he had about each stock or commodities market he traded. Rather, his success was derived from his understanding of human behavior. He realized early on that markets and stocks can and do change–but people and their behaviors do not. In his book “How to Trade Stocks,” Livermore writes, “All through time, people have basically acted and reacted the same way in the market as a result of: greed, fear, ignorance, and hope.”

Jesse Livermore may have been called the greatest stock market trader of the 20th century and certainly, no one can disagree that his profits were immense and his trading prowess was unmatched. But his life was not in balance. He was a “workaholic” who paid too little attention to his family and ended his own life in 1940. You must have balance in your life to achieve lasting success at any endeavor, and, most definitely, trading markets is no exception.

Most traders you talk to will tell you they hate to take a day off - much less a vacation - because they are afraid they will miss the next big trade. As typical “Type A” personalities, traders need that “adrenaline rush and tend to seek high-stress jobs to keep it going.”

When you find yourself stressed out, turning negative, or neglecting your friends and family - take a break. The market will be there tomorrow or next week. It really comes down to recognizing a need for balance in your life. Working hard is great, but you need to be able to turn it off and savor the other parts of your life — friends, family, hobbies, and fun. You’ll return with a much better feeling of energy and renewed exhilaration.

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Many inexperienced traders and investors can’t see any logic in investing in companies that are making new highs. However these people are potentially missing out on some excellent trading opportunities. Let me explain why.

The fact is that there is nearly always a fundamental reason why the share prices of specific companies are making new highs. It may be as a result of the wider stock market making new highs, or it may be specific to the actual company.

If it’s related to the company then it’s obviously due to some kind of good news. Whatever the reason it’s clearly a sign of a successful company so at the very least it will alert you to some companies that are performing well at the moment.

However on a technical basis you will notice that many of these breakouts last several days, weeks or even months. So you can profit from these breakouts whether you are a long-term investor or a short-term trader.

The fact is that many fund managers, hedge funds and private investors are all keeping on eye on stocks that are making new highs. Therefore as soon as they spot a decent company whose shares are making new highs, many of them will start buying or trading their shares so they can ride this breakout. As a result of this you obviously get a lot of momentum behind this breakout and therefore the price just keeps on going higher.

Of course not every breakout is successful because some breakouts run out of momentum very quickly, but a lot of breakouts will result in big price moves to the upside.

This is true of stocks that are making new lows as well. Very often these downward breakouts can be a sign that the company is in trouble, and therefore about to head a lot lower. These downward breakouts aren’t quite as popular because they are only beneficial to short-term traders who use spread bets or options, for example, but they can still generate some excellent trading opportunities.

Anyway the point is that you really should keep an eye out for these lists of stocks that are making new highs (or lows). There are some big profits to be made if you jump on board straight after the initial breakout takes place. You need to be selective about which companies you trade or invest in but if you keep your losses small and let your winning trades run for as long as possible, ie until the breakout starts to run out of momentum, then you should make some decent returns.

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