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Growing
up in inner-city
Detroit,
Lee started his career at the very bottom-mopping
floors at General Motors. Although being a
janitor is honest work, and certainly no disgrace,
Lee had a much grander lifestyle in mind.
Believing
that more people achieve greater riches in a shorter
period of time trading than in any other business
in the entire world, he spent every spare minute
he had studying the markets. By 1987 his
profits provided a sufficient stake for him to
quit his job and trade for a living...The rest
is history.
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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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Lee
Gettess brings us two articles this week.
First, Gettess discusses using intraday market
mapping to fine tune your daily trend analysis. Lee
also gives us his up-coming market predictions in
Lee
Gettess' Market Sense.
The
next article for Oliver Velez introduces the concept
of double tops and double bottoms, and how to best
identify them.
Then,
Chuck Hughes discusses using option spreads on ETFs.
Enjoy!
Adrienne LaVigne
TradeWins Publishing
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| Intraday
Market Mapping - Making Good Systems Better |
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By: Lee
Gettess
The
following is an excerpt from Lee
Gettess' Trading
in the Trenches
Most
of the systems that I have developed, as well as others
that I am aware of, utilize daily data for their calculations.
That is fine. . .daily data tends to give you
the best overall picture for the various time frames
most of us wish to trade.
However,
many of us pay outrageous fees on a monthly basis
to have a quote machine available so that we can see
every tick the markets make during the course of a
day. That
ability ought to be worth something to us, don't you
think? When
I first started trading with a quote machine I didn't
do nearly as well as I had done when I just entered
my system orders off of daily data.
I found myself getting pulled into dealing
with every turn the market made on a five minute chart,
and maybe even a 1 minute chart!
The only person really benefiting from my trading
at that point was my broker.
The
importance of using intraday market mapping
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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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Was that a Double Top?
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By:
Oliver L. Velez
The
following is an excerpt from Oliver Velez's Strategies
for Profiting on Every Trade
You
do not have to be trading long before the term "double
top" or "double bottom" is heard.
What constitutes a double top/bottom and
can this be used in your trading?
Like
all of trading, and all of technical analysis, nothing
is written in stone in terms of what direction a
stock will go.
As traders, all we try to do is to put the
odds in our favor whenever we can.
With that in mind, let's take a look at some
issues to consider when you think you see a double
top forming.
Also keep in mind that this discussion, like
most discussions of charts, applies to all time
frames. You
can use this information on a 5-minute chart for
intraday plays or on a daily for swing and core
plays.
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Profiting in Any Type of Market
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By: Chuck
Hughes
The
following is an excerpt from Kathy Lien's Global
PowerTrend System
In
today's fast moving markets it is important to
protect profits for profitable ETF and ETF option
purchases. Let's explore selling options to create
spreads on profitable ETF and ETF option positions.
Selling options to create spreads not only
helps protect profits but has the added benefit
of increasing the profit potential of existing
trades.
Let's take a look at an actual trade example
to help us understand this important concept.
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20-Year
Veteran Trader Reveals Secrets Of How To Aim For Over
$1,500 A Week When You First Start Trading. . .Over
$6,000 A Week After 1 Year!!
HOW
TO STRIVE FOR PROFITS BEYOND YOUR WILDEST DREAMS
Lee
Gettess, a veteran of more than 10 years of trading
"in the trenches,"
has written an amazing book that shows how you -
or anyone - can aim to make a ton of money trading
from home.
I'm not talking about $20,000 or $30,000 a year.
I'm talking about $1,500 a week ($75,000 a year)
to start. . .and more than $6,000 a week ($300,000
a year!) within 6-12 months.
Lee knows
what he's talking about. About 10 years ago, Lee
quit the "rat race" to trade futures for a living.
(He hesitates to call it a "full-time" job, because
he only spends a half-hour or so a day at it!) Today,
futures trading is Lee's only means of income -
and he's making more money than ever before!
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