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30 Minutes to an Optimized
Trading Life
Forget the Hypotheticals - Incorporate These Critical
Concepts into Your Daily Trading Life and Power Up
Your Performance and Portfolio
TABLE OF CONTENTS When to Trade and What Timeframes to Trade? ......................................................... 5 So, how do you find what to trade and what timeframe? ............................................. 5 What about time commitment?...................................................................................... 6 What about Forex timeframes?..................................................................................... 8 What about Index Futures?........................................................................................... 9 What about Stock Trading?........................................................................................... 9 Commodities, Global Index Futures and More? .......................................................... 9 Risk, Profits, Key Levels - Your Magic Formula........................................................ 10 What to Risk? ............................................................................................................... 11 The 90% Rule - So Close to Target............................................................................. 13 What about "Key Levels?"........................................................................................... 14 With the Trend or Against the Trend? ........................................................................ 15 Insider's Guide to Forex Trading.................................................................................. 19 Insider's Guide to Trading the e-Mini Futures............................................................ 30 Key Trading Resources .................................................................................................. 34 Trading Mind Games ..................................................................................................... 36
2 http://www.netpicks.com If you aren't already, be sure you have entered your name and email at our homepage to get new updates of this resource and other helpful trading guides. Fellow Trader, Welcome to "30 Minutes to an Optimized Trading Life." We use this name since everything we focus on here comes from real experiences making real trades - both by us and by thousands of traders from around the world we've worked with through the years. These are real steps you can take now to power up your trading plan. It won't take long to read this document; it's not designed to consume your day or week. Take 30 minutes, and power up your performance. You know the casino is referred to in the gambling world as the "house." Those that typically control the business, provide the games, manage them and of course take a cut of every transaction. Sound familiar? This publication is about how you can turn the odds to your favor, both by understanding the challenges and making changes to your approach. Your goal is to "bring down the house" - the house being everyone else who wants a piece of your portfolio, or all of your portfolio. Take the edge back from the brokers, other traders, even figure out what you yourself are doing to prevent profits and success. The goal is to focus on concepts, techniques and resources that will immediately convert to an improved bottom line. This is not meant to be a long dissertation on technical analysis. We're not going to have endless charts that describe moving averages, candlesticks and divergence. Nor are we going to define for you in these pages a glossary of terms from what is the Nasdaq to how the Forex markets work. You probably already possess countless works on those subjects that line your bookshelves at home, or at least certainly make up many of the bookmarks on your computer. And if you don't? There are so many resources both off and online that accomplish this that it would make no sense to attempt it here. Instead we wanted to take a different approach. To identify very specific topics that aren't always covered, or if they are, take a different approach to them. Our objective in everything we do is to give you that much more of an edge. These "nuggets" come from many years of experience from our staff and from interacting with thousands of traders from around the globe. We have probably ... [download for more]
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