Forexzoner

Make Money With Profitclicking

2012-10-18T02:53:00.003-07:00

What is Profitclicking

Profit Clicking is an exciting new state-of-the-art website traffic exchange system that will allow you to advertise your existing business(s) and earn ad revenue from each ad pack that you purchase.

Every business requires potential clients to survive and flourish. Profit Clicking delivers the highest quality traffic to business owners with a price tag that won't break the bank. Since 2004 our system has generated Billions of Clicks, placing us among the top sites on the Internet. Our ground breaking Traffic Exchange program allows business owners to simply select a traffic package, set your advertising budget and within hours, increase your website traffic.
Signup for free today and get 1 free ad pack and 1000 free impressions to promote any business.

Revolutionary leader in the world of internet marketing

Profit Clicking is a revolutionary leader in the world of internet marketing. Our unique traffic exchange system ensures that your brand is fortified with the precise traffic needed to remain buoyant on the saturated web. The Internet has proven over time to be impervious to economic trends, making it one of the most reliable and profitable havens for your business to flourish in. With us, advertising is just a click away.

Step Ways To Earn From Profitclicking

It is highly recommended that new members begin by participating in PC Ad Packs. This is the fastest and easiest way to earn with Profit Clicking.

There are basically 5 ways to earn and build your Profit Clicking International business in 220+ countries.

1. Buy as many PC Ad Packs ($10 ea.) as your budget can afford and use simple daily redepositing which means buying more PC Ad Packs whenever your 2% daily earnings account balance reaches $10 or more. This will greatly accelerate your daily earnings. As a general rule, we use the 50/50 plan. Once we've reached our target daily earnings goal, we withdrawl 50% and redeposit 50% in order to continue growth and replace expiring ad packs.

2. Refer new members by word of mouth, online and offline marketing and advertising and earn 10% referral commissions on Level 1.

3. Support your direct referals and help them refer new members and earn 5% on Level 2.

Use your commissions to buy PC Ad Packs and then use daily redepositing to further accelerate your progress.

4. Buy PC Panels (optional) and earn up to $60 when each panel fills. You will also be awarded PC Panels for ever 4 PC Ad Packs that expire and/or are converted via a Profit Shift.

5. Promote other products and services on the Profit Clicking Elite Traffic Exchange

Do a combination of the above to accelerate your progress.

For All Member Succeed

PROFITCLICKING solves the "attrition problem" of members dropping out because they can't afford to continue making monthly payments. PROFITCLICKING membership payments are made every 3 months. The 3-month period, plus the ability to simply buy downline members for only $5 each, make it easy for member accounts to become profitable.)

PROFITCLICKING has member-to-member payments. You never have to wait for the company to pay you. The company can't run with your money because you never entrust your money to the company.

PROFITCLICKING has designed to make it as easy as possible for all our members to succeed!

You've been Paid!

Technically, you've been repaid. All old uncompleted withdrawal requests have been restored to your wallet! You can now use those funds to buy new Ad Packages, or you can submit a new withdrawal request. Keep in mind the pay processors average about ten days for processing time. Solid Trust Pay seems to be a little faster, averaging only seven days. The current maximum daily withdrawal is $250 for each processor.
Bump Up Your Commissions!

With extra money in your wallet, it's the perfect time to buy more Ad Packages!
Take a look at the current weekday commissions available:
Weekday Daily Sale Commissions

10 Ad Packages: receive up to $2.00 per day
25 Ad Packages: receive up to $5.00 per day
50 Ad Packages: receive up to $10.00 per day
100 Ad Packages: receive up to $20.00 per day
500 Ad Packages: receive up to $100.00 per day
1000 Ad Packages: receive up to $200.00 per day
The time is right -- Purchase up to 1000 Ad Packages per hour, up to 5000 per day and own the maximum allowed of 25,000 Ad Packages!!!
Dashboard Features

Members are loving the new features the dashboard offers. Have you seen it lately? Log in, and take a test drive to see how user friendly it is. You're going to LOVE it!!
While you're there, check out the new Skysa bar. Under the title "We're Growing Globally" you'll see how many people have been visiting the Profit Clicking website. It's incredible! It will show you the thousands of recent visitors, and the millions of people who have looked at Profit Clicking. That's why you need to be the first to tell your friends and contacts about this awesome program before someone else does. "Those in the know" know that Profit Clicking is the place to be!
Maximize Your Efforts

The best thing you can do right now is to buy new Advertising Packages and assisting others in doing the same. Those are the two ways to make an incredible amount of money at Profit Clicking!

Here's To Your Success!

Join Profitclicking

How Do I Make Money With Profit Clicking

2012-09-14T06:02:00.000-07:00

There are 3 ways to make money in Profit Clicking: through our Advertising Package Program, our Matrix Package Program and our Membership Referral Program.

Advertising Package Program

An Advertising Package is a Traffic Exchange package that provides the buyer with 1000 advertising impressions, and as an Affiliate, earns you up to 2% (1.5% on weekends). Each Package costs $10, paying out 150% upon expiration in 81 days.

The total cash earnings per Package are $15 or 150%. The remaining 150% is paid in the form of Matrix Packages. When four (4) of your Advertising Packages have matured and earned you $60, you get a free Matrix Package that pays you another $60 when it cycles. This amounts to 300%. This is how your money is tripled.

Ad Package Referral Program: By promoting your links and getting referrals, you can earn 10% commission on Level 1 and 5% commission on Level 2 for their Advertising Package purchases.

Matrix Package Program

The Matrix Package program is basically an indefinitely sustainable Traffic Exchange Program that triples your money. MP is a “2×2 matrix” as depicted by the diagram:

You buy a Matrix Package for $20 and then simply refer others who each buy a $20 Package. Each referral helps fill your matrix, earning you a $60 rebate. Every 1st and 3rd package belonging to each of your referrals is used to fill your own matrices (“3rd” is a variable parameter which can be changed from time to time). If you take the steps to fill your matrix, we guarantee that we’ll pay you $60 per completed Matrix Package. This is a fast way to fill your matrix but requires you to be an active referrer. Your participation in the Advertising Package Program will also help you to complete your matrices.

Profit Clicking Membership:

PC sells Advertising Packages, Matrix Packages and success training packages to members. PC itself has four main parts, each with a product:

PC0 – Product: Upgrade Your Brain
Cost: Free

PC1 – Product: The Big Success Breakthrough
Cost: $15 every three months, non-commissionable.

PC2 – Product: Killer Success Tricks 1-7 Cost: $57 every three months and pays a commission of $28.50 per sale.

PC3 – Product: Killer Success Tricks 8-? Cost: $117 every three months and pays a commission of $58.50 per sale.

You receive a commission each time one of your referrals upgrades or renews. These earnings are automatically credited to your Matrix Package account. In order to receive membership commissions, you yourself must be upgraded to Level 2 or Level 3 (see Profit Clicking Level 2 and Level 3 Information for information on “leapfrogging”)

To be notified 1st when Profit Clicking goes live,
Join Our Profit Clicking Launch Alert.

JSS Tripler!!! Earn 2% per Day or 60% per MONTH!!!

2012-07-12T01:02:00.001-07:00

Great JSS TRIPLER News!!!

We Will Give YOU $10 and Turn it into a FORTUNE!

The JSS-Tripler Pay-It-Forward System has been Implemented!

All members who create their JSS-Tripler accounts for the first time get

“$10 Free Money” in their JSS-Tripler accounts.

They can NOW immediately buy a JSS-Tripler position and start earning 2% per weekday and 1.5% per weekends!

You’ll Get 150% after 81 days!

This will provide “$10 Free Money” to all existing JSS-Tripler accounts

for which no JSS-Tripler positions have been bought.

So if you want to create YOUR new JSS-Tripler accounts & get “$10 Free Money”

to get started Click Sign Up Button

JSS Tripler just 4 You!!!

JSS Tripler - Don‘t be a Loser - Start Making Money Now!

No Sponsoring Requirements

- In JSS Tripler you can earn money without Sponsoring anyone.

FREE Registration

- Join JustBeenPaid! for FREE to Find Out More about JSS Tripler!

Effortless Money Maker

- In JSS Tripler you can Start with Just $10 and Turn it into a Fortune! You can fund your JSS-Tripler account with as little as $10, and earn 2% per day and 60%per month without doing anything!

Daily Compounding

- JSS Tripler allows daily compounding to maximize your earnings.

Daily Withdrawals

- In JSS Tripler you can request withdrawals at any time. They are paid daily, usually within 24-36 hours.

Increase Earnings

- In JSS Tripler you can Sponsor People to Earn Extra 10% Referral Bonus on the First Level and 5% on the Second Level! Withdraw this Money Daily, or Use it to further compound and Increase Your Earnings!

Sign Up to Just Been Paid for FREE INFORMATION to get started to make money daily with JSS Tripler.

You can get no obligation free information to evaluate JSS Tripler further and find out why, many others like YOU who has been searching to make money online has found out how to make passive daily income with no sponsoring required in JSS Tripler.
You can sign up free and seconds away from receiving information to help you get started and making money!

HERE’S MORE BONUSES…

Sign Up for FREE under Our Team and You will Get 5% BACK from your first investment (example: You invested $100 Dollars and the 5% of it ($5) we will give it back to you!!!) and not only that…
For those who Sign up under us, We will help to make a JSS Tripler MARKETING SPLASH PAGE FOR FREE to help you in your marketing effort.
TRAFFIC IS THE KEY TO YOUR WEB SITE SUCCESS!

What is JSS Traffic Exchange?

JSS Traffic Exchange is a Traffic-Exchange Program that triples your money back.

JSS Traffic Exchange is a Newly Program of JBP. It was launch last August 4th, 2010.

IMPORTANT:

In JBP its Mandatory that you need to Surf not more than 25 websites per Week.

You cannot Withdraw If you didn’t meet the 25 websites quota.

Each Position from JBP Programs have an equal amount on JSS Traffic Exchange Credits.

JSS Traffic Exchanges enforce a certain credit ratio,

which illustrates the Credits Per Position in order

to receive hit through the program for their promoted website.

It shows on the table below that Every Program in JustbeenPaid

Has a different credit amount per Position.

Please Check Below Table

JSS TRAFFIC EXCHANGE Credit Ratio

Program No. Positions Credits per Position

JSS-Warp 1 400

JSS-Booster 1 200

JSS-Tripler 1 100

JSS 1 200

When using our system, your site is being shown to Millions of people from around the world,

24 hours a day, 365 days a year

and all this is done 100% Free of charge.
What I can Get from Surfing in JSS Traffic Exchange?
1. It’s Manual Surfing – Simple to use and best of all. You Just need to Surf not more than 25 Sites per weeks.
2. Targeted Traffic – Your site is being seen by real people, which in turn bring in more referrals and get more income.
3. No fake traffic in here – Our system ensures you will only get real people clicks!
4. Text Ad Exchange – All from one place, gain increased exposure, earn advertising and you control what it looks like on your site!
5. JSS Traffic Exchange has a built in Viral so traffic increases automatically, which will bring in more traffics to your website!
6. Last but not the least, FREE to join! For More Info Please Click Here…
Discover the Power of…

“Something Positive Always Happening!”
- Every Day, when You Log into Your JSS-Tripler Account, You’ll See that “Something Positive Has Happened”: Your 2% Daily Earnings Have Been Added; You’ve Received Several Payments from Your Downline’s Purchases! (With most other programs, when you log into your account, you see that nothing has changed, and you may interpret this as “Nothing is Happening!” — not satisfying!
- Basically, You Earn 2% Weekday and 1.5% Week Ends for 81 Days! No sponsoring Requirements. Use Daily Compounding to Increase Your Earnings! Make Daily Withdrawals to Get Your Money Out! This may be one of the easiest and best ways to earn money you’ve ever seen!
- We Regularly Apply the “Cash Acceleration Bonus” (CAB) to Speed Up Your Earnings! Sponsor People to Earn 10% Referral Bonuses on the First Level and 5% on the Second! Withdraw this Money Daily, or Use It to Further Compound and Increase Your Earnings!
- You Can Start with Just $10 and Turn It into a Fortune!
- All Similar Programs (Usually Called Revenue-Share Programs, Doublers, Cyclers, Autosurfs, or HYIPs) Slow Down, Stall, and Disappear. This Happened to “The $10 Wonder.“ Fortunately, JSS-Tripler is Indefinitely Sustainable!
- Enrich Yourself by Joining the JSS-Tripler Money Stampede!
How is your Money Tripled???

“In JSS Tripler, your money will be tripled. You will keep on earning without doing anything!”
Note:
- Minimum investment in JSS Tripler is only $10.00
- Each jss tripler position will earn you 2% weekday and 1.5% weekends for 81 days
- Much better if you invest in multiples of 4 jss tripler positions
- After the 81 days, your 4 jss tripler position will expire and will be automatically converted into 1 jss matrix position
- If 1 jss matrix position will cycle, you will earn instant $ 60.00
- You will get your 100% investment on the 50th day (If you invest 10 dollars, on the 50th day, you will have 10 dollars investment back {50 days x $0.20 daily income = $10.00}) on the 51 to 81 days you earning your profit.
Here How it works…
$10 investment:
If you buy only 1 position for $10.00, you will earn $0.20 everyday.
On the 50th day, you will have $ 10.00 (50 days x $ 0.20 = $ 10.00)
On the 75th day, you will have $ 15.00 (75 days x $ 0.20 = $ 15.00)
And the position will be expired. So you have $15 from the $10 investment.
$40 investment:
If you buy 4 positions for $40.00, you will earn $ 0.80 everyday
On the 50th day, you will earn $ 40.00 (50 days x $ 0.80 = $ 40.00)
On the 75th day, you will earn $ 60.00 (75 days x $ 0.80 = $ 60.00)
This 4 JSS Tripler position will be expired. So you have $60 from the $40 investment, and plus you will get automatically 1 JSS SYNERGY MATRIX POSITION.
Note: If your 1 jss synergy matrix position cycled, you earn $ 60.00
And in that way your 40 dollars investment will become 120 dollars
(So your investment is tripled $40 x 3 = 120 dollars)
(75 days total earnings = 60 dollars + 1 cycled jss synergy matrix position = 60 dollars = 120 dollars total earnings)

Choose the plan that suits you best
50-DAY-PLAN JSS Tripler (invest money earned and returned within 50 days):
Day 1: Buy Position/s
Days 2 to 50: Cashout all daily earnings.. your original invest money will be paid back to you within 50 days!
Days 51 to 75: Options – cashout the rest and earn a total of 50% more than you invested, or reinvest some and cashout some.
NOTE: Using the Total Cashout Plan means your daily earnings stop after 75 days..
75-DAY-PLAN JSS Tripler (invest money earned and returned within 75 days):
Day 1: Buy Position/s
Day 2 onwards: Buy Maximum number of JSS-Tripler positions you can and Cashout the rest each day!
Example:
You start with $1,000
$1,000 x 2% = $20 per day
Now buy 2 JSS-Tripler positions ($20) everyday for 75 days without fail and at the same time start to cashout the remaining balance everyday.. your original investment will be paid back to you within 75 days .
Note: you will be able to buy those 2 JSS-Tripler positions everyday into the future earning you Indefinite Income!
90-DAY-PLAN - Recommended JSS Tripler (invest money earned and returned in 90 days):
Day 1: Buy Position/s
Days 2 to 25: Reinvest 100% of your Daily Earnings by buying new JSS-Tripler positions until your Balance is 50% bigger (25 days).
Days 26 Onwards: Whatever the maximum number of JSS-Tripler positions you can buy on Day 25.. then buy that exact same number of positions everyday from then on.
Days 27 Onwards: Cashout excess balance everyday after buying your daily JSS-Tripler positions.
Example:
You start with $1,000
25 days later that has grown 50% to $1,500
$1,500 x 2% = $30 per day
Now buy 3 JSS-Tripler positions ($30) everyday for 90 days without fail and at the same time start to cashout the remaining balance everyday…. your original investment will be paid back to you within 90 days
Note: you will be able to buy those 3 JSS-Tripler positions everyday into the future earning you Indefinite Income!
75 DAY GET RICH PLAN! JSS Tripler
Day 1: Buy Position/s
Days 2 to 75: 100% Reinvest your daily earnings
Day 76: Balance now 340% bigger after Day 1 Investment deducted!
Day 76 onwards: Conservative: Reinvest 70% of daily earnings and cashout the remaining 30%.
Aggressive: Reinvest 80% of daily earnings and cashout the remaining 20%.
RESULT: Ever Increasing Earnings and Daily Cashout Amounts!

For More Strategies Please Click Here…
JSS-Tripler in JBP
JSS Tripler “positions” are purchased in increments of $10.00
Earn 2% daily= $0.20 per day, per position for 75 days
For example:
1 jss tripler position costs $10.00
10.00 X 2%= $0.20
$.20 X 75 days= $15.00 ($5.00 profit)
4 jss tripler positions cost $40.00
4 x 2%= $.80
$.80 x 75= $60
100 jss tripler positions costs 1000.00
100 x 2%= $20.00 per day
20.00 per day for 75 days
1000.00 turning into 1500.00
10 jss tripler positions earns 2.00 per day
25 jss tripler positions earns 5.00 per day
50 jss tripler positions earns 10.00 per day
100 jss tripler positions earns 20.00 per day
500 jss tripler positions earns 100.00 per day
1000 jss tripler positions eans 200.00 per day
After 75 days, each jss tripler position matures and expires and will no
longer earn the 2% per day.

NOTE: is not the official website of the Just Been Paid or the JSS System. We are INDEPENDENT members like YOU!

Using Stock Trading Software to Target Hot Stocks

2009-08-05T14:05:00.000-07:00

If you are one of those people who hate to work in a boring office job then you might find that making money from home is more appealing. If you can make money in your own time as well, then this is even better. Doing something like stock trading is an option. It is risky though, which is why you should also download and use stock trading software to make your business successful.

The stock trading software will help you to manage your finances effectively, because it will give you the data you need to make the best stock trading decisions. It will do all the analysis for you. It will find the trends and it will let you know when to buy and sell.

The software will keep predicting buy and sell options for you. Eventually you might start to notice the trends and patterns yourself. This can be used to make your own predictions, but you can also use the software to help you in case you are wrong. This does mean though, that you can use the software as a kind of training tool and eventually do the trading entirely on your own.

Choosing the software you need is also quite tough. You will need to find one that offers you live updates. This is because the world of stock trading is ever changing. You must always be updated with the very latest market news to buy and sell effectively.

The software must also be easy to download and use. You should be able to install it onto your desktop right away and begin using it immediately. It must be fast and effective so that you can start making money.

The software will do everything technical for you. You just have to place your money into the stocks as indicated. This software will give you a way to make money easily and instantly.

Learn How to Trade Stocks Online

2009-07-25T14:35:00.000-07:00

With the growing technology these days trading stocks has also become easy with online stock trading. The online stock-trading is an advanced method of trading stocks and also very convenient. If you know how to trade stocks, then doing the same process online should not be a difficult thing. Apart from being convenient the online stock trading also has advantages over on site stock trading.

When you trade stocks online then you first need to decide on the type of investment that you are looking for long-term or short-term. If you wish to make maximum profits in a short period of time then day trading is the best option for you. But day trading requires experience of stock trading and is not recommended for new investors. If you are a new investor in the stock market then it is better that you go in for long-term trading.

Online stock-trading requires you to have an account with a trading company that offers online trading of stocks. So after you have decided the type of trading that you wish to proceed with you need to activate an account with one of these online trading companies. Deciding which company would be the best for you can be confusing but with a little bit of research and by keeping the following in mind you can decide on which would be the best for you.

The trading styles (swing or day trading) followed by the company.
Does the company offer money management skills?
For how long has the company been functioning?
Is the online trading system provided by them user friendly?
Does the company provide you with strategies on how to move in which situation?

With online trading you can trade stocks sitting at your home and manage your account in a better manner. Most of these online stock-trading companies offer online support to their users so that they can get their doubts about the stock market clarified. The stock trading experts associated with these companies would help you out with assessing any situation and also help you plan out a strategy.

When you select an online stock trading company then so pay attention on the security system that is associated with your online trading account. Also make sure that before you open an account you try out their trial package so that you know how to trade with them. Usually the online stock trading companies provide you with the basic market information so that it is easy for you to trade stocks.

The only issue that you need to sort out with the online stock-trading is the type of trade you would like to go with. It is better that you have your own research done and then take any decision about your buying or prospective selling of the stocks. Stock trading is much more comfortable than the usual stock trading and makes it easy for you to keep a track of all your investments and profits gained.

Forex Trading Strategies

2009-04-11T06:18:00.001-07:00

When trading FOREX, using a consistent and effective currency trading strategy is very important to win in this volatile market of FOREX. Strategies are categorized in two, between Fundamental and Technical strategies. Both of them are considered effective depending on each trader’s trading behavior and personality.

Technical Forex Trading Strategy
Trading FOREX using technical analysis is the most common method by which traders execute transactions in the Forex market. However, it is advised to use both the fundamental and technical analysis when trading to get the most appropriate signal. Technical analysis is normally used in analyzing data such as historical price trends, volumes, open interest, etc. Generally, it is conducted based on the historical movement of the currency. It will not definitely predict the exact movement of a certain pair in the future, but rather will guide or help traders in determining what will “most likely” happen with future prices.

When doing a technical analysis, charting methods and indicators are needed to complete the process. Therefore, a trader might need the following:

Simple Moving Averages (SMA)
– this can be considered as one of the easiest method in technical analysis. It simply indicates the average price of a currency pair within the given period.

RSI or the Relative Strength Index
– this is one of the most popular indicators in the oscillator charting methods. This indicator is the one that compares the currency strength and predicts currency price movements in the future.

Stochastic
– another easy to understand indicator in the oscillator charting methods is the Stochastic. It simply indicates if the currency is already on its overbought or oversold phase.

Parabolic SAR
– this indicator is important, for this is the ones identifies the end of a trend in a timely manner. Once the SAR dot changes position, it simply indicates the end of a current trend. Very simple to use and understand.

EMA or the Exponential Moving Averages
– works like the SMA however, this is more sensitive to changes than the SMA, since it contains to most recent data.

Other mathematically or statistically derived factors like the patterns and trend lines can also be a big help in determining the market’s movements, which includes Fibonacci, pivot points, and Elliot wave.

Fibonacci retracement level
– this is used by traders in determining the support and resistance levels, and will eventually let traders know when to enter and close the position.

Pivot Points
– it works like the Fibonacci, pivot points levels are the possible entry and exit points when trading. However, when trading, traders should look first at the pivot point, since major price movements usually occur at the price of the pivot point.

Elliot Wave
– this theory is another factor to be considered when trading. It has the thing called waves, which are determined thru the chart pattern. Wave 1 normally caused by a small amount of traders that feel like the perfect time to buy due to its low price, which eventually causes the price to rise. Wave 2 is the level wherein the price will slightly goes down, however will not meet the previous low. The Wave 3 is the longest and the strongest wave. People now noticed the market’s movement and will tend to buy, which generally causes the market to go even higher. The pattern can be up to wave 5, the market become overpriced and will start to go down, and starts back the ABC pattern.

Fundamental Forex Trading Strategy
Just like the technical analysis, fundamental trading strategy also has different indicators that will help guide FOREX traders.
When we say fundamental indicators, these indicators normally refer to the economic issue of a certain country or origin of a currency.
The basic understanding when it comes to fundamental analysis is that, the investment performance will affect the economy. Returns may possibly change due to inflation or deflation. That is why it is important to take into consideration the country’s economic condition when trading FOREX. Various factors like the unemployment rate, housing statistics, and the government’s stability of ones country generally affects the movement of the FOREX market.

Most of the time, traders tend to overlook the economic condition of a certain country. However, traders should know that the economic condition of a specified country is generally the reason why the market is moving. That is why when trading FOREX, this type of analysis should not be taken for granted. So what are the most powerful factors that move the FOREX market and how they will affect it? Let us take into consideration the following items below:

Retail Sales –Retail sales are where the purchasing power of a nation can be determined. The retail sales measure the total receipts of all the retail stores of ones country.
Interest Rate – When interest rates move, the market value will move accordingly. If the country’s interest rate rises to a higher level, there will be a tendency that investors will be attracted to invest more, and therefore will strengthen up the country’s currency value and vice versa.
The Gross Domestic Product (GDP) – another indicator used in fundamental analysis is the GDP or the Gross Domestic Product, which is considered the widest and broadest way to measure a country’s economy. GDP represents the total market value of all the goods and services produced by a certain country, and it is normally measured in a yearly period and not in weeks or months, for it will provide better statistics on the products and services produced by one country. However, this indicator is not enough in forecasting FOREX market movement. It must be analyzed using some other indicators to confirm of the market’s movement.
Unemployment Rates – This is definitely a strong indicator for a country’s economic condition. It can be measured through dividing the number of unemployed workers by the total civilian labor force of a certain country. Therefore, if you see a high unemployment rate, this simply and logically means that the economic condition of the country is definitely weak.

MONEY MANAGEMENT

2009-03-21T23:48:00.000-07:00

OK, this is the money management part of the Discipline/Money Management presentation.

The first thing I want to talk about is MARGIN.

You really have to be adequately capitalized when trading or you will be trading from fear. We got run out of our 9th trade because we didn’t have enough money.

One of the things that really bother me is when I see new traders say, “I am switching to XYZ broker because I can trade the ES for only $500 margin per contract. I know that person will likely not be successful because they simply do not have enough capital in their account.

Personally, I use a figure of 5X the amount of required margin per contract in my account. Some people say that is too conservative. For me, that is what I am comfortable with. It makes trading easy for me, since I am never looking at my equity balance if I know there is enough margin to cover it. That again is just me personally.

This is an example of something I use for money management. The guts of money management are really extremely important. Because it allows you accomplish one of your real goals in trading. YOUR REAL JOB DURING THE DAY, IN ADDITION TO TRADING, IS PRESERVING YOUR CAPITAL. There is nothing more important and that’s the reason why for some of us who have been traded a long time, we don’t think about trading without hard stops. We have been around when the market has gone against us for a day or two or three, and WE COULD HAVE BEEN OUT OF THE MARKET WITH A STOP BEFORE THE CASCADE STARTED.

The WIN RATE and the AVERAGE GAIN OR LOSS RELATIONSHIP is really important to understand and I am going to show you an example of why this is so important. You never take a loss caused by the “HOPE MODE”. What happens, as you have heard many times, is what Woodie has said many times. The hope mode becomes the “dammit” mode, then the break the PC mode. For many people, it means going back to a 9 to 5 job working for somebody else again. Most of us who are traders have many reasons. One of the big ones is to have the freedom to do what we want when we want to do it. I think that is why most of us are here. This is why it is important you understand this next part.

I am talk about why the Percentage Win Rate and the Average Win and Average Loss figures are so important.

The next slide is one that I’ve given to many new traders in the room who have had a difficult time understanding the concept of Risk Reward and Money Management and why the Average Win and Average Loss figures are so important and that the Average Gain has to be bigger than your Average Loss. This is the exercise that many people on the chat have done and is what I have given them.

What you are trying to do is what we have seen - to get 5-6-7 white bars in a row when you are long. If you keep getting white bars (close above prior bar close), then keep the position until you get a red bar.

If the first entry bar that you have closes lower than the entry, you immediately cover.

What is happening? This system will actually make you money. Why does it work? It works because you will be long and short an equal number of times. You have no bias to either the long or short side. You will immediately cut your losses if your first bar is a loss but if it is a winner you will let it run.

All I am saying if that if you take random entries by being long or short and you practice good money management you can take this system home and you will find that it will make money for you. THIS IS THE IMPORTANCE OF MONEY MANAGEMENT. You have no choice being long or short and totally unemotional. You are reading no signals. You simply are taking advantage of the fact that you are going to be wrong for one (1) bar all the time, but when you are right, you might be right 3, 4 or 6 bars. This is the system that I gave to Blinky several weeks ago. Then the light finally came on. If you have seen his trading in the last three or four weeks, he has commented several times that this is what finally turned the light on for him.

This is the final chart that I am going to show. It shows the importance of the average win versus the average loss and the importance of closing your stops as quickly as possible.

What this chart says is: Let’s say you put a stop loss in based on the ES, this slide says that if you take a 1 ½ point gain every time it is offered you must be right 50% of the time, before commissions, to break even. Now what we really see quite often, in the chat room, is someone reporting their 1 ½ point stop (6 ticks) and as soon as
they get a one (1) point profit, they get out. 60% of the time you must be correct to break even before commissions

Now, let’s see what happens if you say “OK, I’m going to put in a 6 tick stop but I am going to wait until I get a 2 point gain which is 8 ticks. You only have to be right 46% of the time.

What I have done is color in the yellow area as the area in which I don’t think it is possible for anyone to make money. If you are a trader always taking a stop loss of 6 ticks, and you are always running after you make 3 ticks – you have to be right 67% of the time before commissions to break even.

And every day we see people taking small losses, even though they are taking the full 1 ½ point risk – the initial stop. It also shows you how important it is to move your initial stop loss quickly. Let’s say you when you take the trade and you have a 6 tick stop loss. Then the trade starts going with you a little bit. CCI has hooked in your direction and everything looks good. If you can move that stop down just to 4 ticks instead of 6 ticks, then you only have to be right 40% of the time to break even before commissions.

Taking small losses is really a very big secret.

IN CONCLUSION ---- Keep your trading simple and focused.
Have a trading plan AND FOLLOW IT.

------ Write it down in the morning.

------ This is what I am going to do today.

------ This is what I am going to trade.

------ This is how many points risk I am going to take.

----- Define how and when you are going to exit.

And stick to it. Don’t take any other trade during the day. This is an area where newer traders are often undisciplined. Be adequately capitalized. Those are my rules that I think are effective for a new trader to be successful in this business. It is a tough business.

Comments related to Questions:

(1). When I take a position while trading – there is a stop in. If the market goes
against me I am out. Woodie says, “If you are wrong, get gone.”

(2). In my discussion on getting out on a CCI signal, my favorite signal is get in and
if the trade goes in my favor, I want to ride that trade as long as long as I
possibly can. If that trade goes for me and for example CCI goes to extreme,
that is when I will get out since that probably is the maximum I will get out of
that trade.

If I get in a trade, let’s say I am long, the market starts to go with me, and I see
it bounce off the zero line – I will abandon the trade. It’s done – it’s rejecting it.

(3). The 30/34 strategy was a fall back system I presented to the room a while back.
It would usually produce 2 to 2 ½ ES points a day. Last year, I could see that
I was no longer able to beat the simple Stop and Reverse. I used to be able to
take 45-50 points but that started dropping down. The swings were narrowing.
That is why I said “Let’s abandon it at this point”. At that point, always take
30 points was not beating the stop and reverse. If the situation reversed and
again we are back to the area where 35 point targets ( or higher) beat the stop
and reverse, I’ll get back in again. You need large swings to make it pay.

(4). With the lower volatility markets of today, I am trading all in and all out.

(5). If we have time tomorrow maybe Woodie can talk about covered calls. This is
not the right time to do it now.

(6). GB and Woodie both discussed the reasons for contraction in prices recently.
The topic is interesting but not pursuant to the title of the presentation and so
I am not going to include it in the notes.

VERY IMPORTANT ! - Please respect Copyright Law and the Intellectual Property rights of others. You are using this service at your sole discretion and Woodie offers no guarantees with respect to information provided in this transcription. The still images provided here are intended for education, training and discussion. Also Note: By viewing this, you acknowledge that... This lecture is for educational information and exchange of trading ideas. Nothing mentioned by transcription or your interpretation of the charts or words is to be taken as trading advice. Trades taken here are strictly at your own risk. You should consult your broker or financial advisor before placing any trade!

Our Thanks go to Woodie for creating this great Community of Traders.

UNDERSTANDING THE MARKET

2009-03-21T23:44:00.000-07:00

Now, I want to show you some ways that I have found to understand the markets using some of the systems that I trade.

I am not going to go through all these numbers. I am going extract one month to explain what I do. This is the kind of information that I keep for example on my 30/34 strategy. I actually have this data on every trade I did using that system for the past 8 years. This chart is a little chart that shows the process that I go through.

The entry point of every trade is recorded and how far it ran before it changed direction. In other words I record from where the signal was on the entry to the top or the bottom of the swing. I am going to pull out one month of data to show it to you.

The first column, this is actual data from the month of October this year, the entry point to the time to the time it reversed (this is a stop and reverse system) would have given me 26 points. It really ran to the extreme swing high or swing low a total of 36 points. The data in this chart is for the ES contract. If I had been willing to take 45 points on each trade and you can see the pattern all the way down to 35. If I had taken 45 points I would have made the full 36 points and so on.

If I had been willing to take 35 points I would have gotten 35 points on the trade. Here I would have gotten 30 points, and here I would have gotten 25 points.

When you go down to the bottom of the chart and you add up the month, this system would have given me 20 points net if I had taken every signal on a stop and reverse. Look at this, from the time of signal to a swing high or swing low was 140 points and I am trying to figure out how many of those points I could get.

In the type of market we are in I could never have gotten 45 points or 40 or 35. But if I had always been willing to take 30 points on every trade, I would have made 40 points total or twice as much as I would have on a stop and reversal approach.

This type of information allowed me last winter to tell people that I would suggest to stop playing the 30/34 system even though it even though it had been profitable to the extent of over 500 points a year for the last 7 years. I could see that it just wasn’t
running and the swing highs and lows were narrowing. It was time to stop playing this kind of a system. That is how I use this type of a chart.

Here is another one of my trading charts. This one I have actually put up in the room before. This is the bond chart – 5 min bond chart – here is the 34 ema. This day, almost the entire day, I didn’t want to take any CCI signals except shorts. The ema was telling me the market was in a down trend. CCI was pretty much telling me the same thing, all day long, except for one little period here – BE SHORT. The CCI and the 34 ema were confirming each other.

Now, what this chart does – I record this as I am trading during the day. Here is a Zero Line Reject that ran for 13 points after the CCI gave me a signal. Here is another Zero Line Reject that gave me 21 points – possible, I didn’t get the entire profit but the profit was there if I had stayed in. Here is another Zero Line Reject short that ran for 17 points. Here is a Trend Line Break crossing the - 100 which
was a buy by CCI but I would have lost on if I had taken it. There is also a buy here that would have made 8 points and I have another buy here that would have made 9 points.

So what I do during the day, I code all the entries I make on CCI. I may not have all the entries that actually occurred as I may miss some of them. This is what I saw and this is what I use to be in the market .

The interesting thing about this chart is and one of the reasons I use this chart is because I stayed short all day long. This chart gave me the opportunity to add up all the short positions to get 81 bond points if everything was perfect. But everything is not perfect. I managed to get 60% of the moves. Out of the 81 points in real trading
I got about 45 points. That was a good day. I did not take the long positions because they were counter trend. Even on this day the counter trend CCI trades would have been worth +10. I just choose not to take them BECAUSE I AM ONE OF THOSE PEOPLE WHO LIKES A VERY HIGH WIN RATE. I hate to lose.

What do I do with this data? It goes onto this sheet but also goes into EXCEL. Let me explain this chart. I keep track of Zero Line Rejects and Trend Line breaks – what ever I am trading. I don’t need the information every day. If I have a random sample, I am happy if I just have a few days out of the month.

On this chart, I get a signal to go long or short on a Zero Line Reject. It ran for 20 points (the first trade) after I got the signal. If I were taking only 10 points I would have gotten 10 points out of it. If I were taking 12 I would have gotten 12 points. You can follow across the line to see the results with different targets. If I were taking 20 points out of a trade, I would have received all 20 available points.

The 2nd trade that day only ran for 12 points instead of 20. Again, you can see the results across the line. Why do I do this? When I get to the end of the month I get some valuable information from this chart.

These are total points for the month if I always took 8 points on each trade. I would have gotten 196 out of 561 total possible – close to 50%; still a pretty good return.
If I had taken 10 points on each trade I would have received a total of 233. If I had always taken 12 points I would have gotten 265 but if I tried for 14, I would have gotten 285 total points. Now I am clearly over 50% of the total available.

Taking Zero Line Rejects, if I always took 8 points that would be 12.3 points per day per contract on average. If I always took 10 points I would have gotten 14.6 on average per day, and if I had always taken 12 I would have gotten 16.6 and if I had taken 14 I would have gotten 17.7 per day. As you see – it is starting to flatten off here. It is saying to me, you aren’t going to be any better off going for 14, 16 or 18 points than you would if you were shooting for 12 points.

According to data, I had 33 winners and 12 losers for a 73% win rate for Zero Line Rejects for September if I always took 8. If I always took 10 points I would have had a 69% win rate and you can follow the data for other targets across the board here.

Now some of you may recall that during September when we were saying 80% win rate on Zero Line Rejects. The reason for that is that I get out when the CCI tells me to get out, not when it is reaching an objective. Going for an objective, using this as an exit strategy, what this really tells me is this. If I know the optimal return is based on waiting to 12 or 14 points, it tells me don’t take a weak CCI signal to get out of the trade. Don’t run, because the optimum exit is 12 or14 points. If I am at +3 points and I see the CCI begin to turn a little bit, I am not going to run if I know the optimum return is at 14 to 16 points.

This win rate down here at 73% was really 80% for the month of September using CCI exits. It occurred up here. That minus 5 was really a tiny little + getting out with the CCI and this -4 was also another little gain. So when I posted that the CCI win rate for the Zero Line Reject was 80%, it was based on fact. It was not based on guesswork. I know exactly that the market characteristic is telling me to go for 14 or 16 points.

I will still get out if the CCI tells me, but I am going to be real careful before I get out.

A SIMPLE SYSTEM – THE ZERO LINE CROSS STRATEGY

Here is another one of the things that I use. This is the ES contract. The strategy is based on a zero line cross. You go long if the zero line is crossed going up and you go short if the zero line is crossed going down. I like the results of the system except for one thing. It trades about 15 times a day and that is too much for me. I like 3, 4 or 5 trades a day. But if you did nothing with the CCI and go long or short as the zero line crosses occur, during the study period I selected which was 9 days, it averaged
4 and ¼ points a day. You just have to like a lot of zero line crosses.

Replying to a question: Yes, this is a SAR system. You are in the market all day. You reverse positions every time the zero line is crossed. You are either long or short depending on the direction of the zero line cross.

I tend to break the day down into three 2 hour periods. I like to see what the market is doing during the morning, during the mid day and during the afternoon.

Surprisingly, on this chart, what this chart said what that during the mid day the market made a little over 2 points. That was better than what it did on average during the morning or the afternoon. So, at least based on information from this source, the observation that it is not wise to trade during the middle of the day – it just isn’t true.

The floor traders pointed this out to Woodie when he visited the floor. They don’t go to lunch during the middle 2 hours of the day. They go to lunch when the market gets quiet. That may or may not be in the middle 2 hours of the day. So, for some systems, trading in the middle of the day can be good.

FOCUS

2009-03-21T23:42:00.000-07:00

Discipline involves not only discipline but also very, very important is FOCUS. You have to be focused on the market during the day to be successful. Then you need market knowledge.

Many of us have endless disruptions during the day. For example, if you are trading from home and your wife or husband is home during the day or if you have little kids around, you have to figure out a way to have time to yourself, so that when you are looking at the market you are totally focused on the market.

If you have ever had a 2 year old sitting in your lap trying to punch the keyboard, it is awfully hard to trade.

Under disruptions there are a few other things that I have seen every week that are disturbing to me when I see new traders doing them. One is the need to have the latest and greatest gadget. Some of you who are new feel you absolutely have to have a front end to trade with. It is a wonderful tool for experienced traders to get in and out of the market quickly. For new traders it is totally unnecessary. It is a piece of software that gets between you and order execution and it is a piece of software in which something goes wrong quite often. Often in the chat room, I see the comment,
“Geeze, I lost a hundred dollars because my front end didn’t do what I thought it was going to do.” or “It didn’t fill my order”. I really do feel that a front end is a distraction for new traders.

Another thing that I think is a distraction is traders who don’t have a complete chart service; for instance people with Sierra Charts and the IB data feed. I recognize that it is inexpensive, but the disruption during the day reflected in “Please send me some data-I have some blanks.” or “I’ve have a continuous chart and I can’t trade for the first 45 minutes because I don’t have data.” I think it is a real mistake for new traders. For ten dollars you can have a service that fills in the missing prices for you – for $10.00 a month. Or you can use something like MyTrack. I really think that the trader needs to have charts up and fully complete and does not need the distraction from trading by having incomplete data. This is also something I feel very strongly about.

One of the other things I wanted to talk about is UNDERSTANDING YOUR MARKET

The first point I want to make is HAVE A STRATEGY. When you come in the morning and start the day, my plan, for instance, is to take zero line rejects and
and trades from extreme only. That is all I am going to do today. I am not going to trade the whole gamut. I think for new traders that you don’t want to learn more than one or two of the trades at a time.

So, come in the morning with a strategy and tell yourself what you are going to do. Write it down on a piece of paper. That day that strategy is ALL THAT YOU DO.
That includes totally not looking at any other set-ups, determining what your initial stop will be on your position and also when you are going to take profits. For me, that means when you get a clear signal on the CCI to get out of a trade – You get out!

DISCIPLINE

2009-03-21T23:38:00.000-07:00

Let’s start on discipline

Most new traders spend 85% of their time and effort on charts and indicators; 15% of their time is spent on studying discipline and money management. This is a number that has come from statistical studies and many of us who are long time traders believe the figures to be true.

Successful traders spend 15% of their effort on charts and indicators and 85% study on discipline and money management. I would like to ask you all. Do you think that it is just coincidental that 85% of new traders fail in their first year?
if they don’t put the effort into discipline and focus and money management?

I want to go to some of the charts we have seen in the chat room and we still see them.

This is a chart from one of the members of my chat room. Anyone recognize this chart? I have to be honest about it. This is one of Fed’s charts. He had a chart that looked very similar to this and I asked him if he could put a few more indicators on it. He did. This chart is really quite a chart. Down here is the CCI. Here is the smoothed CCI. Just to be sure he has put Bollinger Bands around the CCI. When we get up here – you may recognize price bars. There are a variety of colored lines some of which turn color depending on if they are going up or going down. We have a LSMA and several Moving Averages in there. Just to make sure things don’t get away from us he has put Keltner Bands on the top and bottom. Guess that we should stay inside of those.

This is a hard chart for me to read. Some of the indicators say BUY and some of them say SELL; some of them say STAND ASIDE.

Keep in mind that it takes most people 3-5 seconds to interpret ANY ONE LINE, what happens when traders use a chart like this (remembering that there are probably 22 lines in there) is that you will take close to a minute and a half to figure out what the chart is saying and by the time you have done this, THE TRADE IS GONE.

You simply cannot react to this kind of a chart you have to think about it – you all know “WE JUST REACT; WE DON’T THINK”.

My favorite in this chart is the little bouncing balls. Some of them red, some blue, some green, I guess. They are called “ergotics”. I bring that up because I notice the past week that the latest fad in the chart room is to have ergotics on your chart. We went through this about 7-8 months ago when FED introduced ergotics then everyone made a mad rush to put them on their chart. They have faded a bit in the past few months; we seem to be on an ergotic kick again. Everyone wants the latest and greatest indicator.

Now this is a chart that appeared in the chat about 2 weeks ago that one of the traders was using. Some of us moderators had a bit of an argument as to which of us was going to be able to use this chart. It has price bars and a series of moving averages. I can’t determine which moving average to use because I can’t process that much information in 5-10 seconds. One thing I know for sure – one of those lines will be correct. OK.

Now I am going to go to a chart……. Can anyone recognize that chart? There is only one person who uses charts like that. That is Woodie’s 6 bar Sierra chart. This is what he uses for himself when he is not moderating. You will notice that he doesn’t even have an LSMA. It just has prices on it. It has the CCI and the turbo. You all know that Woodie does not take trades off the turbo. So essentially what this chart consists of is a chart with prices and ONE indicator. He uses the turbo as an early warning signal and to draw trend lines. Compare this chart to the other charts that I have shown. Can you see how easy it is to react to this chart? You don’t have to think about it. All you have to do is react! It is very easy to process just one variable. The only thing you have to do is REACT. There is no thinking involved.
And I think we all know that Woodie is a very successful trader – and he gets by with only one indicator!

This is one of my charts. This is what I use for trading CCI. I have the CCI here and the turbo is displayed below the CCI. I can put them together, but I like to see them separated since I have a difficult time reading the turbo displayed over the CCI. That is just one of my peculiarities. It just works for me.

What I have here is a 5 min Bond chart which has a 34 ema. That is my baby blanket. I cannot give it up even when I am trading the CCI. I have to have my 34ema on my charts. When I trade, I ONLY TRADE IN THE DIRECTION OF THE 34 EMA.

I will take the CCI signals, but I will only take them in the direction of the 34 ema. In the chart, for instance, coming down here where the 34ema is headed down, I won’t take any CCI signal unless it is a short signal – that is in the direction of the 34ema. I will not take a counter-trend trade.

When the 34 ema flattens out in this area that means “Go walk the dog”. I DON’T TAKE TRADES WHEN THE MARKET IS FLAT. That is one of my peculiarities.
That is my trading style. I know many of you will take every CCI signal.

When the 34ema starts going up as in this area, then I will start taking every CCI signal that puts me in the market LONG.

Quite honestly, my favorite trades are the ZERO LINE REJECTS and the TREND LINE BREAKS THAT COME BACK THROUGH THE 100 LINE. When you are taking those with the 34ema trend, they are 80%. That is a heck of a win rate. I will settle for that.

I am going to digress here for a minute from the CCI and what we do in the room. I am going to show you a chart to make a point.

This is THE CHART of the most successful trader I have ever met. He is a guy who has made mega millions of dollars in the market. This is his chart. It is a 30 minute chart with a 34 ema on it. He only trades in the direction of the 34ema. He has many decision points on this chart just like we have rules in CCI. I am not trying to sell anyone on using it. One of these rules is “When price crosses the 34 ema the first time and then comes back and touches the 34ema (kisses the 34), then mortgage the farm. I don’t want to get into how he trades. Here is how effective the “kiss system” is. He quite often puts his positions on at the end of the day since he likes to fish during the day. He goes fishing the next morning and doesn’t look at the market until it is ready to close again. We have vacuuming trades and pie making trades; he has his fishing trade.

WHAT ARE THE PROBLEMS FOR THE NEW TRADER?

2009-03-21T23:36:00.000-07:00

Before we get into the presentation on where we are today, I would like to read to you some points from a study from 500 brokers that covers some 10,000 futures traders and it ranks as a list why traders fail. I am going to read only a few of these
because they are pertinent to what I am going to say in my presentation.

Remember this is from a study on why new traders fail:

---- They trade without a plan

---- They do not define specific risk or profit objectives before trading.

---- Even if they do establish a plan, they second guess it and don’t stick to it.

Note: That is why Woodie likes to trade without prices because prices scare you
and you change your plan.

---- That is particularly true when they have a loss (they don’t stay with plan).
Consequently, they over trade and they lose their equity.

---- Usually they liquidate their good trades and keep the bad ones.

---- They often fail to take a pre-defined risk – they add to a losing position and
fail to use stops.

GB Note: I never trade without a stop unless I am swing trading. If I
day trading, there is a stop in there very time.

---- New traders who fail often have a directional bias. They come to the session in
the morning and because of some news item, they have a directional bias to be
long all day long. That will kill you in day trading.

---- Many traders break the cardinal rule: Cut losses short and let profits run.

---- Many traders will trade with their heart instead of their head. For some traders,
adversity or success distorts judgment. That is why they should have a plan and
stick to it. In my opinion, many traders hold a loser too long.

---- New traders do not discipline themselves to take small losses and big gains.

Note: How many times have you heard Woodie say that, “Don’t get in the hope
mode!” That leads to the what so ever mode and that leads to dammit
mode.

---- Lack of discipline includes several lesser items: For example, impatience and the
need for action. For me, that means if I haven’t had a trade for 3 hours and I
am getting bored, and I am looking for something to do. I see something that
looks kind of good and I press the buy or sell button. Usually things don’t turn
out too well when that happens.

The next two are two that I feel strongly about.

---- A lot of traders trade against the trend. In the CCI that is when you have 5-6
bars above or below the zero line – without reasonable stops. For me, that is
something I will not do. I will not trade against the trend – except for a couple
of specific trades.

----There is a striking inability to stay with winners. Most traders are willing to take
small profits and therefore miss out on the big profits. For instance, you get 2-3
points profit and you get concerned it might go away if you wait too long
so you get out with your 2-3 points.

These are some things about people who are just starting out that I wanted to share with you because they are germane to what I am going to say from here on.

Many of my comments today are based on my own experience and also the experience from talking to many other traders. I talk to a lot of long time traders.

I am going to throw out quite a few numbers at you. I can’t necessarily prove that they are right, but I believe them to be true. I know from talking to Woodie and Carolyn that we all pretty much agree on these numbers.

PROCESS OF TRADING

2009-03-21T23:32:00.000-07:00

I’d like to describe the process of trading a little bit to give you an idea why we learned discipline and money management in those days.

First of all, all trading was done through a broker. There were no electronic orders with 1 second fills. So we had to call our broker. By the way, he got a $50.00 commission for doing this. It was not $4.80 like today. We had to call the broker for orders, fills, prices and anything to do with the market. We either had to call the broker or he had to call us.

The process of ordering was rather cumbersome. First of all we had to call the broker to place the order. He would then send the order by teletype or some mode of communication link to the desk that his firm had on the floor. That desk then would send that order ticket to a runner who ran into the pit to try to find their trader. Their floor trader would fill the order, and once he got it filled, he had to get in contact with the runner so he could give it to the runner who would run it back to the trading desk. The trading desk, assuming they were not out to lunch, would then transfer the fill back to the broker, who then in turn would call us. This process would fully take 15 minutes to 2 hours. Often, we didn’t know if we were in the market or out of the market.

Why is that important? It is important because we learned discipline and money management.

We learned that when we gave the order to the broker and also give him some further instructions at the same time. We gave him the stop loss order so as soon as he got the order, he could put in the stop loss immediately after the original order was filled and we also gave him a cover.

So if say we were trading wheat with a 1 and ½ point stop, we would put in the order at 50 and we got filled, we would put in a stop loss order of say 48 and ½. Our cover order would be 53.0. What we were doing was we said we would accept a 1 ½ point loss, but would not settle for less than a 3 point gain. That is a 2 to 1 ratio which is pretty much what I think you have to strive for as a winning trader.

This lack of information started to change a little over 20 years ago. That was when Quotrek came out with their service. You could get charts for the first time that were less than weekly. We also even had some indicators. For the first time, non-pit traders had access to real time prices from Quotrek. You didn’t have to talk to your broker. I have my old Quotrek here. I’ll pass it around so you can look at it. This is what we had to get prices about 20 years ago. We could see one future at a time – we could get the open high, low and last price. We had to scroll through it to find whatever we were trading. I am going to turn it on so you can see it. It still works but you just can’t get any prices with it.

Now we have internet information and indicators. That is really a problem with trading today. New traders are absolutely totally on information overload. There is so much information available, they can’t sort it out. That is a major, major problem in trading today.

JSS TRAFFIC EXCHANGE Credit Ratio
Program	No. Positions	Credits per Position
JSS-Warp	1	400
JSS-Booster	1	200
JSS-Tripler	1	100
JSS	1	200