hgtv small bathrooms kitchen cabinet additions suburban tract home 1960 addition exterior mobile home kitchen remodel adding a room to your house lakewood .. Chicago Drug testing

Tips to Finding Other People?s Simple Trading Plans

Did you know you can make money (and a lot of it) by simply modeling someone else's trading plan? Yes, it is true. Unbelievably, there are many of trading gurus doing it RIGHT NOW.

All you do is model your system on an
already tested and proven trading plan.

If you are new to trading, or even if you have been trading a while, this is a secret very few successful traders talk about. You see, many successful traders diversify their trading float by trading other peoples tested systems - because it is so easy to do.

There are several reasons to start construction of your own trading system by stealing or borrowing another trading system's ideas and concepts.

FIRST, as I said, it is easy. There are some pretty good trading systems out there. Some are free and some are very expensive. The costs of these systems are not an indication of the value of the system. The problem with some trading systems is that they might not work for you. Now I am not talking about out right dishonesty, which is a big problem when trading. Rather, I am talking about your ability to effectively trade with the system that you are using or buying.

You need to use a system that matches your life style and personality. If you have a day job (not trading), do not use a system that requires you to stare at a screen all day. You will be distracted at work and miss the opportunities to make money or worse you will not close a trade effectively and will lose money.

Some systems have a potential to lose 20, 30 or 40% of your money before they are profitable. Can you handle a system that can drop your trading capital to half before making money? Or, are you prepared to have a string of 8 to 10 loses in a row before you have a winning trade? Some of the best traders in the world lose money on more than 50% of their trades.

An excellent trading method made famous by Richard Dennis and William Eckhardt and sometimes referred to as Turtle Trading, is one of the best trading system that I know. They obtain returns in excess of 20 to 100% per year. With that said, could most traders trade their system? Not a chance! Dennis and Eckhardt also loose on over 60% of their trades.

SECOND, do not reinvent the wheel. Face it, if you are a new or even a fairly serious trader, what is the possibility that you will come up with a totally new concept? There are some very smart and wealthy traders out there. Why not use their ideas? Remember Dennis and Eckhardt in the above paragraph. Their system is based on a "breakout" method.

I know most traders could not trade using their exact method but they could take components of it, like breakouts to validate or confirm a trend.

THIRD, use other systems to give you the basics of what is necessary in a system to make money.

So I guess the question is now... where do you find good trading plans to model? Before you start looking for trading plans, you need to have some sort of a check list. Take out a piece of paper and write down different things you want to accomplish with a trading plan. What do you want to learn? Go from the gut, your heart and pick things that mean something to you. If you just randomly select items off of a page on the internet, your list will not have meaning and personality and that is what you want. A system that you can personalize to fit your lifestyle.

This checklist will help you find successful trading plans that already work without developing your own. Develop a habit of constantly snooping around and doing research. I am constantly looking to see what other people are doing in the trading arena and if you keep it up, you will too.

-=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-
David Jenyns is recognized as the leading expert when it
comes to designing profitable trading systems.

His most recent course Ultimate Trading Systems is a step-
by-step trading roadmap to designing profitable trading
systems. Learn how *you* can become one of his students.
Click Here ==> http://www.ultimate-trading-systems.com

Receive David's free trading tips by sending a blank email to:
==> ultimate-trading-systems@getre sponse.com
-=-=-==-=-=-=-==-=-=-=-=-=-=-=-=-=-=-=-

In The News:

Forecasting the Stock Market

Every day I see in the financial section of newspapers... Read More

What Can Model Airplanes Teach You About Trading?

I was devastated!I just couldn't believe it. I was 10... Read More

VooDoo Training For the Stock Market

If you go to Haiti or other places in the... Read More

Advisory Service for You?

It depends on your level of understanding of the market... Read More

How Commodity Trading Differs from Stock Trading

There are major differences between trading stocks and trading futures.... Read More

Stock Trading Secrets?

How often have you come across an advertisement or e-mail... Read More

Defining a Long-Term Investment in the Stock Market

For some "long term" would mean holding a stock position... Read More

Alfred E. Newman

What! Me worry?Many of you remember the cover of MAD... Read More

Stock Market Investments

If there is one term over-used when talking about making... Read More

The Stock Market is a Roller Coaster: Prepare for the Ups and Downs

IT'S REMINISCENT OF THE OLD children's tale about an old... Read More

Buy and Hold Investment Strategy

"Buy and hold" is one of the most heralded investment... Read More

China Syndrome

There has been great condemnation recently because China has been... Read More

No Load Mutual Funds or Exchange Traded Funds (ETFs)?

If you are fed up with early redemption charges and... Read More

How To Buy And Hold

One of the most believed bits of conventional wisdom from... Read More

12 Basic Stock Investing Rules Every Successful Investor Should Follow

There are many important things you need to know to... Read More

Market Timing?

The recent criminal fiasco in the mutual fund industry is... Read More

When?

When will the stock market stop going down and start... Read More

E-mini Day Trading - Day Trading for Beginners - Stock Market Timing Software

I mean it when I say that. While plastic silverware... Read More

Mutual Funds: The Modern Den of Thieves!

Mutual funds were created with the idea that one person... Read More

Play another Day

Money management starts with protecting your capital, realizing profits and... Read More

The Stock Trading Plan - Why You Must Have One To Trade Successfully

This is the continuing story of our two imaginary traders,... Read More

Oil Stocks As A Long Term Investment

The demand for world oil is increasing while world reserves... Read More

Trading Tips No 2: The Big Lie in the Stock Market

It is commonly reported that the stock market averages about... Read More

Buy and Hold: How to Perpetuate Your Investment Losses

A recent cartoon in my daily newspaper showed two guys... Read More

Picking Mutual Funds to Outperform the Market

With over 6,000 mutual funds available, it may be tempting... Read More

led manufacturer induction lights Pete's produce ..
led manufacturer induction lights Pete's produce ..