Who cares more about your
money than you?
Brokers want to churn your account (recommend you buy and sell repeatedly to make money on commissions) or unload stock the broker’s employer currently owns but feels will go down on the unsuspecting but trusting client- unfortunately that’s YOU.
A little Brokers Secret…
“A broker’s job is to make you broke.”
“Once you give us your money
it becomes our money.”. . .
I’m David Erinworth, veteran online stock trader. I worked in Hong Kong and on Wall Street. The brokers I worked with said the those two expressions and with huge grins on their faces!
The “little guy” was saved by the advent of the internet.
The information previously unavailable is now at you finger tips.
Commissions are now under $10 dollars vs. $200 or $300 for a 1000 shares.
Are ready to take control of your financial future?
High probablility stock selections + computer + discipline = Money
Bad News
FACT: 90% of all stock market profits are made by 10% who trade.
FACT: +80% of traders loose their money in less than 2 years.
Great News
FACT: You can be that 10%
After years of watching the Pros take money OUT of the market everyday I’ve developed an extremely effective step by step course for online trading.
The lessons in this course will be sent via email (see the sidebar).
Even someone who has trouble balancing their checkbook can
successfully trade online. Make money in any market.
Information is not enough, you must be shown how to use that information.
Principles from the course:
If you tried to take someone’s money out of their wallet you can be sure they would fight hard to keep it. The market is no different.
Principle #1.
Hope is not a strategy
If you caught an employee stealing everyday -would you fire them or hope they stop? There is no difference between that employee and a stock that keeps stealing your hard earned money as it goes down.
If you lose 50% on a trade you have to make 100% on the next trade just to break even.
Principle # 2.
The Market is Never Wrong – YOU ARE!!!
P. H. D.’s verses Grandma: patterns repeat over and over because human psychology
never changes. The most difficult part of trading is accepting you’re wrong and
taking a small loss before it becomes a huge loss. That’s why a grandmother,
who has more mastery over her emotions will make a fortune, while a rocket
scientist who has an ego problem and can’t accept their fallibility will go broke.
Principle # 3.
A stock is only worth what people are willing to pay.
A great company is not always a great stock. E-toys (online toy company) was valued at over a billion dollars. The price just kept going up. Soon the company, the stock and the billion dollars was gone.
Principle # 4.
The trend is your friend
Stocks tend to continue to move in a certain direction; up, down or sideways until
they run into an obstacle or are effected by news. A stock gradually increasing in
value will usually continue to increase and vice versa.
Principle # 5.
Importance of Volume
Volume is a vital piece of information. If a stock is trading higher on high
volume, it is likely to continue. However, if the stock’s price is increasing
on low volume, then less people believe the stock is worth that higher price.
