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Hello readers and welcome to this newsletter.
I will be doing a free lecture at 6.30 pm on the 20/4/15 about my recent portfoliio performance, different trading methods and some info about my upcoming trading course to be held in Sydney. (TBA) The free lecture will be held at the stunning location of the Invast Financial Services seminar rooms in Gateway Tower, Circular Quay. If you have ever considered doing a trading course, or just want to get some more information, then here is your chance to attend a FREE information night (including snacks and drinks). Below is some information about what will be discussed on the night.
Recent trading performance
On my website I post the trades of a live portfolio which in the last 12 months has returned 30% (doing an average of one trade a fortnight). At the lecture I will be discussing this portfolio and answering questions from the audience. I will answer your questions as honestly and fairly ask I can.
Method is the key to Clarity and Confidence
A lot of traders or investors are incredibly frustrated and disheartened by trading or investing in the stock market. Despite their intelligence and good intentions they have no idea where to really start or what to do to develop a winning method. They become anxious, fearful, lack trust in market coaches and financial advisors. Worse still they lack trust in themselves. Despite being ambitious, deep thinking, cautious or bold, and often very successful in other areas of their life, market success eludes them.
There are 2 reasons why market success eludes most people.
1/ they don’t have or know a winning method that suits them
2/ if they do know a method …they don’t stick to it, and that problem relates to the first reason.
A fundamental component of trading is having a clear mindset, a good way to achieve that clarity is to examine the bigger picture first. Weekly trends. Another fundamental part of daily or even intra day trading requires you to be able to recognise strength and weakness in the market. You can choose to trade a weekly timeframe as I do, however becoming good at seeing the major moves helps you to identify the ideal choices when trading to suit your timeframe, personality, weakness and strengths. Weekly trend trading systems produce less trades and more profits than a lot of daily systems. They teach you an understanding of where the big money is made…in the major moves. You learn to trade with more patience, acceptance and less anxiety. You have more time to think about your decisions, because trades are normally executed on a Monday morning, giving you the weekend to think about things. As you learn to drop your unhealthy obsession with the market, the profits gradually come in, raising confidence and a realisation that trading can be a winning game. You also do a lot less trades, less paperwork and pay less brokerage. Your focus changes from grasping small infrequent profits to seeing the bigger picture of how trading works
A note to those interested in Daily trading.
Every trader I meet wants to know how to trade short term. The allure of a quick profit is arguably the most intoxicating experience for a trader. I repeat here that this not a day or daily trading course, but here are two golden tips for you about shorter term trading, and how an understanding of weekly dynamics will assist you if being a short term trader is your goal.
1/ The more you shorten your time frame in trading the more you reduce the probability of winning (so in other words you are probably making it harder for yourself emotionally and financially by not identifying the bigger trends first)
2/ One of the safest and best ways to short term trade is to buy dips in uptrends, particularly in a strong market.
Daily trading successfully is not impossible, but it is difficult and it sure helps if you know what to look for.
What you need to do to create profit is INCREASE WINNING PROBABILITY
So what’s the best way to learn all that?
Learn how to weekly trend trade first!
Who should attend this lecture
Most of my clients and students are people already trading or investing in the market, however some are rank beginners.
Some of the topics covered will be
Why trade the ASX? Are shares a better trading vehicle for Aussies?
Objectives: do you have one and what is it really? (if you answered money you are wrong)
Time frames (weekly v daily) what’s best for you?
A look at some systems with rules and historical statistics supplied
Sticking to it (psychology)
Why people don’t stick to it (more psychology)
Lessons learnt in 19 years
What you need to do now
Question Time
PLEASE RSVP IF YOU WANT TO ATTEND
6.30 pm
Monday 20/4/15
Seats are limited so please RSVP by simply replying to this email with a simple yes.
Here is a link to the portfolio mentioned above
http://www.easysharetradingsystems.com.au/peters-portfolio.html
Also a link to "about Peter"
http://www.easysharetradingsystems.com.au/Peter-Castle/about-me.html
The value of networking
"A man only learns in 2 ways, one by reading and the other by association with smart people"
Will Rogers (actor and respected social commenator from the 1920's)
If Facebook is more you thing, friend him here!
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