By Tony Oz
"Put your funds the place your mouth is," got here the problem. So he did. top promoting writer, Tony oz., used to be challenged through Tim Bourquin and Jim Sugarman, founders of the overseas on-line buying and selling Expo, to end up that his inventory buying and selling suggestions paintings, that he may perhaps regularly take higher-than-average returns out of the industry. to satisfy the problem, Tony stored a buying and selling diary for 4 weeks, documenting each alternate he made. the straightforward tale that opened up grew to become out to be of a lot higher outcome than somebody may have foreseen, as Tony chronicled a first-hand description of 1 of the worst inventory marketplace crashes in fresh reminiscence. Tony used to be already into his four-week buying and selling problem on the height of the Nasdaq marketplace, prior to the Crash of April 2000. Having no suggestion on the time that he used to be in the midst of a “correction” that might wipe out over trillion money of stockholder’s fairness, Tony controlled to earn good earnings each one week, and had just a couple of wasting days. what's actually notable is that every one trades have been at the lengthy aspect – no longer one alternate used to be promoting brief in a quickly declining endure industry. the result of the problem are exact during this fascinating new booklet. within, Tony tells how he selected a dealer, manage an account, after which drew a good-looking source of revenue from the inventory industry every one week, incomes a fifty six% go back on his capital in a single month – greater than so much traders earn in a yr. Over a hundred around journey trades are recorded, charted and defined in an everyday buying and selling magazine. Tony unearths what he used to be considering and feeling, and he explains every one trade’s procedure, and his gains and losses - the entire whereas strolling the reader via his easy method and easy principles. on the finish of every week, he ordered a cost from his dealer to “sweep” his account, and stop compounding of gains. “After all,” Tony explains within the publication, “Friday is payday."
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Additional resources for The Stock Trader
I had learned my lesson and decided to wait for a pullback this lime. CSCO ran from a breakout at 75 at 11:30 to 78 7/8. It then pulled back to 76 1/8 and started moving back up. I entered an order to buy 200 shares at 76 7/16, and I got a fill of only 10 shares! This was very frustrating. I entered another order to buy 190 shares and I got a fill of only 80 shares at 76 5/8. I couldn't believe it. I entered another order to buy 110 shares, and this time, I was able to complete my position. I got 110 shares at 76 3/4.
My stop loss triggered, and I sold 100 YHOO at 182 1/16. Day Eig When and if you are strug and reg The market is always righ don't argue w This last trade was a devastating blow to my confidence. In the first nine days of the challenge, my biggest loss was $202. I just lost $354 on YHOO to close the day, but what was demoralizing about it was that the total profit I made on the previous five trades, which were all winners, was $593. I just gave back more than half of it on my last trade. The break I took to regroup earlier helped me turn the day around.
00 today. This will be my profit (maximum reward). This strategy is very bullish and extremely risky. My trading philosophy is to always manage risk properly. The first thing 1 take into consideration is what happens if things go wrong. The following table will illustrate the risk and reward for this trade. How much money will I make or lose if XYZ traded at the following prices two months from now. 50 70 90 no 130 150 170 190 210 230 250 -95K -75K -55K -35K -15K +6K +6K +6K +6K +6K +6K As you can see, my reward is limited to $6,000.