Our featured author this week is George Angell. George Angell brings you a movie clip in
which he explains using buy and sell envelopes.
Then, Lee Gettess provides us
with his market predictions for the coming week.
Next, Oliver Velez details how traders learn.
Last, Don Fishback looks at puts and how they work.
Enjoy!
Adrienne LaVigne
TradeWins Publishing
The
following is an excerpt from George Angell's Complete Day Trading Course
From George Angell's "Complete Day Trading
Course," this clip explains the buy and the sell envelope. George looks at
the components of this trading system, and how it is used. Angell wraps up with
providing several examples.
Watch video
Click the above image to view the video
Lee Gettess' Market Sense
Lee Gettess is a top trader who is excited to bring you his video newsletter.
Each week, Lee will share his predictions on what he anticipates from the bond
and S&P markets.
Click the above image to view the video
The
following is an excerpt from Oliver Velez's Trade
for Life
The general concept
presented here regarding the four steps of learning is not new. It is a concept that has been helpful in
understanding the stages we go through in learning. I find it very useful as it applies to
learning the art of the trade.
The first step is
where everyone starts out when learning a new skill like trading. It is called "unconscious
incompetence" and it is the most dangerous time. This is the stage where the person who wants
to trade has no knowledge of the subject (incompetence), and ever worse, they
do not know even know what it is they do not know (unconscious). This can lead to quick failure, as
frustration comes easily. Have you ever
tried learning new software, and after struggling for a while finally gave in
and took a course or read a book about the software? Once you know how much there is to learn, you
see the need for education and the frustration ends. Unfortunately for many new traders, they
never leave the first step. They feel
that trading is easy and never seek education.
They usually quit early, either out of money or feeling frustrated.
How traders learn
The
following is an excerpt from Don Fishback's Options
Wizardry from A to Z
From "Options Wizardry from A to Z", this clip from Don Fishback
explains puts. How do they work? Don looks at a situation in which they are
best used. Last, Fishback explains how to calculate the profit made from puts.
Watch video
Click the above image to view the video
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One-time West Coast contributing editor of Futures Magazine, George Angell is the author of eight books on the
futures and options markets, including Winning
in the Futures Markets, which has been translated into Chinese, and is
still in print 28 years after its first publication. He was a Chicago floor
trader during the Eighties and credits that experience for the
success of West of Wall Street, which
he co-wrote with S&P pit trader Barry Haigh during his Chicago years, and Sniper Trading, which tracks the
valuable lessons he learned while on the floor. In recent years, he has
turned toward trading small stocks. 'There are enormous sums of money to
be made trading undervalued small stocks,' says Angell, whose most recent two
books -- Small Stock, Big Profits and
The 50 Best Small Stocks for 2007 --
were published in the past year. A graduate of New York University,
Angell currently resides in Key West,
Florida which he considers the
perfect antidote to the stress-filled years of the Chicago pit trader.
George Angell's Complete Day Trading Course
A tool any
trader can use. This package includes videos and manual from a
one-day $2,700 seminar taught personally by George Angell. George provides trading
rules and formulas. Comprehensive simulated-trade tests show over $1.6 million
in profits applying these formula on tick data.
Learn
more about the Complete Day Trading
Course
Andy Chambers
Chuck
Hughes
Darrell
Jobman
Dave
Caplan
Ken
W. Chow
Peter
McKenna
Ray
Frazier
Tom
DeMark
Tony
Catalfamo
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PLEASE READ.
Past results are not necessarily indicative of future results. There is a substantial risk of loss trading
commodities with or without this or any other advertised product, service or
system. Also hypothetical or simulated
performance results have certain inherent limitations. Unlike an actual performance record,
simulated results do not represent actual trading. Since the trades have not actually been
executed, the results may have under-or-over compensated for the impact, if any,
of certain market factors, such as lack of liquidity. Simulated trading programs in general are
also subject to the fact that they are designed with the benefit of
hindsight. No representation is being
made that any account will or is likely to achieve profits or losses similar to
those shown.
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