Nederlandse Vertaling
Are you a natural born trader?
Are you a natural born trader?
'There has been a long running debate on whether good traders are just born good traders,
because they possess the requisite temperament, intelligence and entrepreneurial drive to
succeed in a rather chaotic environment, that can change hour to hour, or, is it possible
that individuals from all walks of life can evolve into good traders?I hate to use the same analogy all of the time, but I truly believe that learning how to
trade successfully is no different than learning how to manoeuver your car during rush
hour traffic on the turnpike everyday. If you believe that good traders are born that way
and all others will fail then you should really be taking the bus to work everyday, because
you must also assume that good drivers are born good drivers, and all others should
commit to public transportation. Yet, somehow, millions of Americans manage to
maneuver their 4,000 lb ‘tanks’ back and forth to work everyday, at speeds exceeding
75MPH, as they weave in and out of traffic while sipping on their coffee and chatting on
their cell phones. Were they born good drivers or did they learn how to drive successfully
in rush hour traffic?
Many, many years ago a very successful trader who made many millions in the markets
conducted an experiment. He recruited a group of individuals from all walks of life, most
of them had very little understanding of the futures markets and no practical trading
experience. He provided them training, coaching and some seed capital to get started. The
‘TURTLES’ as they were called, went on to become some of the most successful traders
in the industry. Dennis proved that individuals can ‘evolve’ into successful traders when
given the right tools, training and coaching.
A BUSINESS OPPORTUNITY … COMPARING BUSINESS VENTURES
I encourage you to shop around for other business opportunities out there … ones that are
real, not some MLM scheme or flakey vending machine deal. For a credible franchise
business or structured business opportunity the start up fees will run between
$150,000.00 up to $450,000.00. Many of those types of businesses are geared toreturning 30% to 50% per year on invested capital.
Let’s use an example of a franchise that returns 30% on the $250,000.00 capital base
needed to run the business. You’ll need to rent a commercial facility, design and pay for
advertising, hire employees, deal with sales tax, payroll, workers comp. You’ll need to
inventory product or parts and then you’ll need to sell your product to the public at large.
In short, you’ll bust your chops 24/7 in order to earn $75,000.00 per year or $6,250.00
per month. AND THERE IS NO GUARANTEE OF SUCCESS!
There are numerous business opportunities out there but the ‘TRADING BUSINESS’ isunique. It is extremely efficient, no employees, no payroll, insurance and tax hassles to
deal with, no office overhead, no inventory or production equipment other than your
personal computer. The ‘TRADING BUSINESS’ is like all other businesses in that yoursuccess is measured by the return, or yield on capital invested into the business.
INCOME OBJECTIVES FOR YOUR TRADING BUSINESS
Many small traders actually believe they can turn $2,500.00 into $50,000.00 or more in
under 30 days using futures contracts. We can pretty much GUARANTEE you .. with
that type of attitude or belief … you will fail miserably as a trader and you would be
better off playing the craps tables in Las Vegas.
Let’s take a few moments to examine some ‘realistic’ potential offered by trading the
emini futures market. While there is always potential to produce some rather amazing
returns on capital, month over month in this market, there is also the potential to
suffer some astounding month over month losses …enough to wipe out your trading
capital in 30 days or less. Astounding profit potential … horrifying loss potential and
somewhere in the middle is where professional traders exist.
Professional traders, those that trade for a living, seek realistic returns based upon their
understanding of the markets, their skill as a trader and the ‘net’ capital base they have
to work with at all times. The ‘net’ capital base is really just the total amount of money
they can afford to lose without disrupting their lifestyle. When trading in a high risk/ high
reward environment you should only use a percentage of your total liquidity.
Let’s briefly examine what you need in terms of capital to get started in this business.
1) A reasonably robust computer and monitor. >> $1,000.00
2) A high speed internet connection, cable or better. >> $540.00 per year.
3) An integrated data-feed charting application such as TradeStation, or Ensign to
mention a few >>less than $1500.00 per year
5) Various subscription services such as newsletters or chat rooms for trading etc..
Let’s tally up our equipment and service cost thus far. $3500.00 for 1 year in thebusiness. We haven’t even opened up a trading account and we’re in for a few thousand
dollars already. If you cannot afford this kind of money you should not attempt
to start a TRADING BUSINESS. Without the proper tools and services you will fail in
the business.
Now, we need to fund our trading account.
The minimum funding needed is 5.000$. With this,kind of money, I would advise you to trade max 2 contracts per trade.
But, it would be safer to have a few more bucks in the account, or if not possible, to trade with only one contract. Do not
trade too 'heavy' with regard to your account.
If you do that … YOU WILL FAIL IN THIS BUSINESS. Please trust me on this.
If you are undercapitalized you have no margin for error and will always be trading
with ‘scared money’. Trading with ‘scared money’ is a virtual guarantee that you’ll
fail in this business, as your emotions will overcome you on every trade you take.
So again, an absolute minimum is 5000$.This is risk capital and you must be able to accept the possibility that you’ll lose every dime. If you need that money to pay your bills or put food on the table for your family … DO NOT START A TRADING BUSINESS. If you only have $2,500.00 to work with DO NOT START A TRADING BUSINESS. If you do not have $5.000.00 to 10.000$ in trading capital and another $3,500.00 for operating overhead .. YOU ARE NOT READY FOR PRIME TIME. Earlier we mentioned a franchise business that required $250,000.00 in operating capital and returned about 30% per annum or $6,250.00 per month in income to the owner. Let’s examine our possibilities here. Let's assume we can take an average of 30 Dow points per day out of the market trading 2 contracts. This shouldn't be too hard to do. And let's assume we do this little trick 20 days a month. 30pts x 20d x 5$ = 3000$. So you've earned yourself an extra 3000$ in one month of trading.
the YM every day. Study the charts for the number of trade set ups that occur every day.
Is this goal achievable? Yes it is and for those
of you that have been studying this market for awhile you know that those numbers are
very achievable. Is it guaranteed? Of course not, only taxes and death are guaranteed.
Is it possible to make $150 per day trading the YM? YOU BETCHA!
Now let me ask you this. Would you prefer shelling out $250,000.00 for a business, still
have a 50/50 chance of success or failure, work 24/7 and deal with myriad hassles in
order to make $75,000.00 per year?
Or, would you prefer to set realistic income goals using a capital base of 8,000$-$13,000.00 in
the TRADING BUSINESS? I’ve given you realistic goals, I’ve told you the amount of
capital needed to start this business. You can easily fail at either business if you’re not
totally committed to success but the TRADING BUSINESS is very unique and it allows
those that succeed an excellent revenue steam on a much smaller capital base and more
importantly a life style that is unique. If you can hit your numbers every day, before noon
time, and take the afternoon off you have >>> FREEDOM.
Successful traders are not born. They evolve over time. You will always make mistakes,
suffer losses and experience frustration as long as you are a trader. But, if you have the
desire to succeed and you are armed with the proper tools, training and coaching you can
evolve into a successful trader. Let me make a statement about that key word I’ve been
using … evolve.totalcommitment to success. If you truly desire success as a trader then you must
commit totally to the evolutionary process wherein each day you learn a little more
about what to do and what not to do in a certain situation.OUR MISSION
We are convinced that we can provide an environment where traders (TRADING
BUSINESS OWNERS) can EARN while they LEARN. Our Chat-room is atool designed to help you succeed in your TRADING BUSINESS. While we will never
specifically recommend a trade for you to take, we will announce and target entry points
for a potential trading opportunity and explain the reasons for the trade. If you
understand the risks involved and desire to take that trade for your own account …
that is your prerogative. You can either take the trade with real money, or practice
with a trade simulator and observe the results.
In this manner you have an opportunity to EARN as you LEARN on each viable tradesetup that occurs throughout the trading session. As you gain confidence and insight into
the targeted trades, understanding the reasons and the risk, you may wish to enter thosetrades with real money and participate in an online interactive experience designed to
improve your focus and trading performance. EARN as you LEARN what to look for in
the market.
All trading strategies discussed assume the subscriber to the room is properly
capitalized and fully aware of the risks involved. Please review the DISCLOSURE
statement at the end of this document.
INTERACTIVE LEARNING EXPERIENCE
By participating in the Chat-room, traders will see live trading, learn from a professionaltrader and begin to understand more about how the markets work. Learning and
internalizing the information available increases the odds of becoming a successful trader
running a profitable TRADING BUSINESS.
An understanding of charting software is an important source of information
to the wellinformed trader. Your own trading software should be used to provide you with
the view of the analysis and trades targeted in the trading room.
Our chat room is a business but we are not as concerned about the quantity of
subscribers as we are about the success of our subscribers. Our chat room will
attract more subscribers if and only if we are able to successfully assist our existing
subscribers in achieving our stated daily objectives.
Our job is to do everything in our power to hit those objectives every day. The success of
our room is contingent upon our abilities to hit those objectives every day or at least
average that type of return over any 5 day period. We are putting it on the line every day
because we are totally committed to success. If you join our chat room we expect you to
be properly capitalized, to follow the room guidelines and most importantly to be
TOTALLY COMMITTED TO SUCCEEDING AT ALL COST.
RISK DISCLOSURE:
Trading involves risk and you should carefully review your financial condition before investing
in securities, futures contracts, options or commodity interests. Past performance, whether actual
or indicated by historical tests of strategies, is no guarantee of future performance or success.
Active trading is generally not appropriate for someone of limited resources, limited investment
or trading experience, or low-risk tolerance, or who is not willing to risk at least $10,000 of
capital. You are fully responsible for any investment or trading decisions you make, and such
decisions should be based solely on your evaluation of your financial circumstances, investment
or trading objectives, risk tolerance and liquidity needs. Testimonials regarding past performance
are no guarantee of future results and may not be representative of the experience of other
customers.
THE COMMODITY FUTURES TRADING COMMISSION. ( C.F.T.C.) This brief
statement does not disclose all of the risks and other significant aspects of trading in futures
and options. In light of the risks, you should undertake such transactions only if you
understand the nature of the contracts ( and contractual relationships ) into which you are
entering and the extent of your exposure to risk. Trading in futures and options is not
suitable for many members of the public. You should carefully consider whether trading is
appropriate for you in light of your experience, objectives, financial resources and other
relevant circumstances. Some of the examples used are hypothetical. Hypothetical trading
results have many inherent limitations and may not reflect actual results since they are
done with the benefit of hindsight and do not accurately reflect market conditions and the
traders emotional level while under the stress of trading. No representation is being made
that any account will or is likely to achieve profits or losses similar to those shown.