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Chuck
Hughes,
who started his trading in 1984, was a full-time
commercial airline pilot. However, according to
Hughes, his job as pilot was quite frustrating sometimes.
This is the reason that he wanted to start his own
trading. His working schedule of 15 to 17 days off
each month used to create a void and trading was
the perfect solution for this. Hughes got quick
success in trading as he finished 10th in the '85
United States Trading Championship and 3rd in '86
competition with a huge 260% return.
Chuck
Hughes
also accrued titles in the systems trading in another
international trading championship in futures in '94
and '95, the day trading division of '95, and the
professional division in '99. In 2003, Chuck
Hughes
was placed third in the in the same competition for
Stock Trading. Then in 2005, 2007 and 2009 he took
first once again in the stock trading division.
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| OUR
AUTHOR TEAM |
Adam Oliensis
Andy Chambers
Brian Schad
Chuck
Hughes
Darrell
Jobman
Dave
Caplan
Gary
Wagner
George
Angell
George
Fontanills
Glenn
Neely
Jack Schwager
Jon
Najarian
John
Weston
Larry
Connors
Larry
Williams
Lawrence
McMillan
Lee
Gettess
Mark Fisher
Murray
Ruggiero
Paul
Forchione
Peter
McKenna
Ray
Frazier
Russell
Sands
Scott
Krieger
Ted
Tesser
Tom
DeMark
Tony
Catalfamo
Welles
Wilder
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Chuck
Hughes
joins
us
this
week
with
a
discussion
on
how
a
market
crash
can
make
you
a
millionaire!
Then,
Lee
Gettess
shares
his
perspective
on
the
S&P
and
Bond
markets
for
the
coming
week.
Next,
Don
Wellenreiter
reviews
four
bad
habits
of
traders.
Last,
David
Caplan
discusses
the
best
options
trading
strategies
to
use.
Enjoy!
Adrienne LaVigne
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| How
a Market Crash Can Make You a Millionaire |
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By:
Chuck Hughes
The
following is an excerpt from Chuck
Hughes'
Market
Volatility Profit Secrets
It could start with a
terrorist attack or the collapse of a major bank or
government-sponsored entity like Fannie Mae.
Investors panic and start to sell from the
opening bell.
By
mid-morning, the NYSE has broken all records for volume
as prices continue a downward spiral.
Shortly after noon,
hedge funds and money center banks start snapping
up shares at what appears to be bargain prices.
But
the respite is short lived.
The selling continues and then intensifies
as mutual funds dump stocks to meet redemption demands.
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| Lee
Gettess' Market Sense |
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Lee
Gettess is a top trader who is excited to bring
you his new video newsletter. Each week, Lee will
share his predictions on what he anticipates from
the bond and S&P markets.
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Destruction of a Trader
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By:
Don Wellenreiter
The
following is an excerpt from Don Wellenreiter's Millionaire
Secrets for the Average Guy
Over
Trading
This
is one of the most dangerous things a new or veteran
trader can do.
Whether driven by the excitement to be in too
many markets at once, or trading in a market that
is just too big for you to be in, over trading will
quickly knock a trader out.
Probably one of the worst things to happen
to the retail option investor was the advent of SPAN
margin. SPAN
margin calculates the margin requirement for options
that are sold.
The original idea behind SPAN
was that it was unfair to option sellers who sold
options that were far-out-of-the-money and had little
time left until the expiration to be charged the full
margin of the underlying contract.
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Analyzing Your Options Trading Opportunities
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The
following is an excerpt from David Caplan's The
Options Secret
In
The Option Secret,
we compare trading to playing poker in many areas.
This analogy is not meant to be cute, but rather
because they are quite similar in many ways.
Also, it may be the easiest way to visualize
when and why we should be trading. (In
comparing statistics to trading, gambling analysts have
stated that 80%-90% of poker players lose and professional
players, although they may lose occasionally, year after
year come out ahead).
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Chuck
Hughes
Market Volatility Profits (MVP) Secrets
MY
TOP SECRET TR
ADING
TOOL: MVP!
In
all my years of trading, I have never seen a method
as trader-friendly as
MVP™. In fact, I've rarely seen this strategy
lose without huge simultaneous gains! When used correctly,
The MVP Secrets allow you to do these three things:
1)
Define the amount of risk on any trade before you
enter
2) Reduce or even eliminate the stress normally
associated
3) Construct trades with profit potential that is
virtually unlimited
Keep in mind, MVP trades don't just surface once
in a blue moon. They occur several times per week,
in all different markets. Locking in big profits has
never been easier!
Learn
more about Chuck Hughes MVP
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