Thursday, March 11, 2010
Literally! In just under two minutes, I added $600 (before commissions) back into my pocket. This trade was a real cinch and worke out so quickly, that I am completely convinced that ANYONE can do this and do it well. You can't argue with numbers.
Last night, I had a new Market Mover Trading student, Cort, come to my home to have me help him set up his trading DOM and get him ready for simulation/paper trading. For those of you who don't know, when you join MMT, you can also get set up with a simulation (fake) trading account where you can execute trades and win or lose and it doesn't cost you a thing. We recommend all traders, new or experienced, take time to trade with a fake money account before they go "live" trading their own money. Cort is catching on very quickly. I'm impressed.
Then this morning, he dropped by just a few minutes before my trade, and sat with me as I made my trade. We had the chance to talk through it and help him see what I was seeing, in order to help him get a feel for what needs to happen when. In fact, he asked me earlier for a step-by-step list of what I do to get set up for a trade. My preparation for a trade begins the night before the trade. Then I get up, make the trade, and I'm done for the day.
Today, I shut down my computer just 10 minutes later and went and got ready for the day. That's the style. That's the way to trade. Take the opportunity to make some good money in a very short amount of time, and you're done!
Let me know if you have any questions. I'll be posting again tomorrow. See ya!
Kevin
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