Alternative Investments are on the rise. In the last 4 months alone manage futures investments have jumped by $50 billion. The video below shows exactly why. Is the “Perfect Storm” creating the “Perfect Opportunity”. I think so, but whatch the video for yourself and you decide. Then if you want to learn how you can potentially cash in and help investors like the ones in the video, go download my newest free report, “5 Underground Strategies For Making A Killing In Forex”
Archive for June, 2009
The Father of The 401(k)
Thursday, June 25th, 2009Powerful Trade Resurrected
Tuesday, June 23rd, 2009This is a powerful trade that I have developed that is a part of my new FREE report, “5 Underground Strategies For Making A Killing In The Forex”. It is called the Contrarian Trend Trade, (CT Trade for short) and I released the initial version a couple of years back and it was a huge hit. I have since refined it even further and it is 100 times more powerful. This is what I call a High Probability Trade. Check the video out below and then click here to get the rest of the 5 Underground Strategies.
To your trading success,
Cecil Robles
A Failure to Plan is a PLan for Failure: Set Your Trading Goals
Tuesday, June 2nd, 2009Set Your Goals
Section 2: Trading Goals- Long Distance, Agility, Sprint
I wasn’t a big track runner in high school (football and baseball were my thing), but I have a friend who got recruited by some major colleges to run track and play football. He was a sprinter and a pretty good one too. I once asked him how he got to be so fast and this is what he told said, “First I train as a long distance runner, then I work on agility, and finally I work on my sprints.” Now of course this guy is a natural athlete too, but he trained like most people wouldn’t.
I thought since he was a sprinter, then that was all that he did, and it was all he did in the actual track meets. However, when he trained he first worked on his long distance running. He would run 6 miles every morning. Then he would go back and run another 6 miles in the afternoon and on Saturdays he would run 12 miles all at once! Then he would work on his agility drills and finally he would actually work on his sprint techniques.
I have put the same formula to use in my trading plan. Too many times novice traders start out by looking at short term goals first and then medium term goals and then long term goals. We are going to do the exact opposite. We are going to plan the long term goals first, and then we’ll go for the medium term plan and then the short term plan.
Now these goals that we set are not necessarily financial goals. We have already somewhat dealt with the financial goals in the previous section. These goals are more about how you are going to achieve your financial goals as you develop your trading skills. If you will focus on the process of trading and becoming a better trader, the money will follow.
The goals you set now will help you measure your progress and help you stay motivated towards achieving that progress. We are going to have three sets of goals; Yearly goals, monthly goals, and weekly goals. When you are setting these goals it is also good to list how you are going to accomplish these goals. Next, once you achieve your goals how will you reward yourself? Celebrating your victories and rewarding yourself is always a good thing to do. It gives you something to look forward to.
Long Distance Goals: Annual Trading Goals
Remember these are the long distance goals. We need to work on this first before we are able to see short term results. So think one year out. Where do you want to be and how will you get there? Here is my trading plan:
My 12 month trading goal as a trader and money manager is to develop two or three additional trading strategies that I can program to run 95% automated. These systems will comprise of two or three unique strategies and will focus on a different sector of the market. The purpose of this is to be able to diversify our investments into different sectors of the market using unique and proven strategies. In order to accomplish this goal I need to do focus on three areas: 1. Work with my core trading team members to brain storm over new ideas and strategies. 2. Program strategies that have promise. I will need to work with our two best programmers on this project. 3. Once programmed rigorously back test and forward test the programs and strategies.
To help me accomplish these goals I will stay abreast to new trading ideas and strategies by reading books and magazines and consulting with my peers and mentors. I would like each of these systems to perform between 30%-100% per year. Once I achieve these goals I will reward myself and my family with a vacation to Hawaii, where we will stay at the Four Seasons Resort and bask in the sun.
Agility Goals: Monthly Trading Goals
Now we jump down the scale a little bit and do some agility work. These are the medium term goals (monthly). We will follow the same formula that we used in the Long Distance Goals and that is to answer how we will achieve our goals and what we will do to reward ourselves. Here is my plan:
My monthly trading goal is to achieve consistent profitability with a reward to risk ratio of at least 2 to 1 and a success ratio of at least 65%. In order to achieve this goal I will need to staunchly follow my trading plan, which includes my trading system. I know through back testing and forward testing and trading live money using these techniques that those results are possible. When I achieve this goal for three months straight I will reward myself by taking a weekend getaway with Kricie to Palm Springs.
