Trading Winner

Trading Winner Mentioned in Financial Times (FT.com)

Posted on September 11, 2006 by enhanced

TradingWinner.com Mentioned in Financial Times (FT.com)

I was doing some research on Google and Yahoo and came across a Financial Times article NYSE gets French mentioning TradingWinner.com. I was pretty suprised and very happy to see Trading Winner and myself mentioned in a large, well respected financial publication – the Financial Times.

FT.com requires registration, but you can see a snippet of the article without having to register. Here’s what Financial Times had to say:

NYSE gets French

Published: June 5 2006 03:00 | Last updated: June 5 2006 03:00

Day traders gave the thumbs up to the deal struck by the New York Stock Exchange and Euronext to form the first transatlantic stock exchange. While questions remained over the role of rival Deutsche B^â•˜rse, the NYSE’s $10bn (£5.3bn) offer appeared to win the day. “NYSE Euronext would be trading across two conti-nents during 12 hours of trading. I think this would be fantastic. This would cause a lot more action in the markets with the potential for a lot of new traders and an inflow of capital. I’m waiting for 24-hour trading,” said a trader on www.tradingwinner.com.

Great publicity for TradingWinner.com and myself. I only wish they would have sent me an email letting me know I was being mentioned so I could have found out sooner!

Book Giveaway: Winner of Trading In The Zone by Mark Douglas

Posted on September 1, 2006 by enhanced

A Winner’s Winner

I am pleased to announce the winner of this month’s TradingWinner.com Book Giveaway of the book: Trading In The Zone by Mark Douglas.

Winner: Dominic

Congratulations Dominic!

I urge you all to read Dominic’ inspiring (and winning!) comment.

Dominic’s Winning Comment

Ok I’m new to the whole trading world. Thats right I’m fresh off the boat. My goal is to be good enough to do this full time. I’m sick of people telling what I can and can’t do in life. My goal is to be a very traders so I can open doors in my quest to be a full time invest and self-made millionare or billionare. I understand that I will be a very hard road. But I don’t really care. I have lose alot in the last 7 months with girlfriend, so called friends and etc. At 27 years old(turning 28 in couple week) I have nothing to lose. I don’t care how hard the road will be. I want to be a very succesful daytrader and investor. I hope everyone apply for this book gets what day want out dreams and fullfill them. I’m not going to spend 2-10k on so call gurus in the industry just to lose my money in seconds.

So I would love to get your book so I can start my path to my greatness. For me this is the first step to where I want to go. I’m not going to put my life on hold for anyone anymore.

I wish you would make a DVD about you books os I can play it over and over again. Even if I don’t win the book I hope every here finds their inner greatness and fullfill their dreams.

If you didn’t win this time

I am going to give away a free trading or investing related book each month. This is my way of giving back to all the supports of TradingWinner.com and to the trading community. One of my goals with TradingWinner.com is to promote education, discussion, and financial intelligence. My book giveaway is one avenue I am using to say thanks.

So, if you didn’t win Trading In The Zone, you can comment on my next giveaway article and hopefully you’ll win the next round. Good luck!

For those who are wondering, the winner is randomly selected from everyone who commented on my book giveaway article: Book Giveaway: Trading In The Zone by Mark Douglas.

Posted in Book Giveaways | 1 Comment

Book Giveaway: Trading In The Zone by Mark Douglas

Posted on August 2, 2006 by enhanced

Win A Free Trading Book!

I would like to give many thanks to all the regulars and visitors to TradingWinner.com. I was thinking about different ways I could give back to the trading community supporting Trading Winner, my sponsors, and myself. I not only wanted to give back to the community, but give something that has long term benefits. Books are the best gifts I could think of. As the title says, I am giving away one copy of Trading In The Zone by
Mark Douglas.

Trading In The Zone by Mark Douglas

I recently wrote a review of Trading In The Zone which gives a brief description of the book, my likes and dislikes, and my thoughts. Read my review: Book Review; Trading In The Zone by Mark Douglas.

Benefits of Trading & Investing Books

Why am I giving away books? In my opinion, books are one tool we can use to learn and educate ourselves.

One of my favorite quotes is this old Chinese Proverb:

"Give a man a fish and you feed him for a day. Teach a man to fish and you feed him for a lifetime." – Chinese Proverb (from quotationspage.com)

Rather than me, or anyone else, giving another person specific trading instructions – buy X now, sell Y now – what you can learn from a trading book and the benefits of the book not only last you a lifetime but can be extremely rewarding and profitable. The potential success you can achieve through reading books and increasing your knowledge is unlimited. Giving away a good trading book is my way of teaching someone how to fish and how to develop their investing skills to the fullest potential.

How To Win A Free Trading Book

Winning a free trading book is easy. Simply leave a comment on this article telling me why you need this book, or one thing you want to learn more about. A winner will be randomly chosen at the end of August. Be sure to use your real email address or else I have no way of contacting you. Your email address strictly confidential and never made public. I hope you win!

Book Review: Trading In The Zone by Mark Douglas

Posted on July 25, 2006 by enhanced

"Master the market with confidence, discipline, and a winning attitude."

Trading In The Zone by Mark Douglas examines the mentality and psychology of successful and unsuccessful traders, understanding our trading actions, and shows us how to strengthen the psychological aspect of trading. "In Trading In The Zone", Mark Douglas shows you how to analyze your mental strengths and weaknesses when you make trading decisions. He then shows you how you can correct flaws in your trading mentality and habits. The ultimate goal of Trading In The Zone is to eliminate trading based on emotions.

About Mark Douglas

Here’s a snippet from the Mark Douglas web site:

Mark Douglas, author of “Trading in the Zone” as well as the industry classic “The Disciplined Trader” ~ has developed products to help futures and stock traders ~ master the unique psychological trading discipline necessary to trade consistently and successfully.

Mark will help you discover what the most successful traders have learned to understand, and how to implement these specific psychological trading attributes and skills ~ attributes and skills which allow them to transcend the most common of trading errors that confine everyone else.

My Thoughts

Mark Douglas points out a major flaw many traders have: most traders are not consistent with their trading strategies and styles. To be a long term successful trader, you need to be consistent in your approach to Due Diligence, analysis, buying, selling and holding your stocks, and your approach to risk or risk management. Emotions are the reason for this inconsistency. I think he is exactly right about inconsistent traders and our emotions clouding our decisions and strategies. We need to develop our strategies and stick with them, and eliminate our emotions when we trade.

I am still developing my trading strategies and my own trading style. Like most traders, I have trouble sticking to my trading plan on a consistent, regular basis. One problem I have is not selling when I need to – when the stock is up or down. There have been many times when I have missed out on gains by not selling at or near my target price area, and then the stock falls, giving me less profits. There have also been a few times when I have not sold a stock that is down, leaving me to sell at a lower price. My problem of not selling at the correct time is not due to my strategy, it is due to my emotions. Trading In The Zone has helped me pin-point my own mental weaknesses when I trade.

Eliminate Emotions

Douglas constantly reinforces the necessity of eliminating emotions from trading, which I believe to be the single greatest obstacle of successful trading. Douglas provides numerous examples of trading weaknesses and emotional flaws, but offers advice on how to overcome them. With the help of Trading In The Zone, I am hoping to take my stock trading to the next level of success.

Winning Attitude

I highly recommend Trading In The Zone by Mark Douglas to any trader, from beginner to pro. The mental or psychological side of trading can be frustrating at times, and can lead to emotional based trading. We are – potentially – losing money when emotions cloud our logical reasoning and planned strategies. We can overcome our emotions and frustration with a winning attitude and strong mental state of mind (or peace of mind). Trading In The Zone has helped me trade more successfully and consistently. I believe "Trading In The Zone" by Mark Douglas can benefit you, too.

Amazon

Donald J. Trump – Organization Quote

Posted on July 19, 2006 by enhanced

Donald Trump has a lot of great things to say. Mr. Trump a very intelligent man who has mastered the business game. Sure, he may say a lot of things, but there are many great gems. The quote below is one of my favorite Donald Trump quotes.

“For entrepreneurs, ignorance is not bliss. It’s fatal. It’s costly. And it’s for losers. You either get organized, or get crushed.” – Donald J. Trump

Donald Trump is exactly correct: organization is crucial in every aspect of business. Trump states he overprepares for important meetings and negotiations. He plans out questions he expects and questions to ask. He prepares for every scenario he may encounter. His excellent organizational skills are an asset he uses to produce successful results in his negotiations.

Organization is “the act of arranging in a systematic way for use or action” and “an organized structure for arranging or classifying” (dict.org).

Developing your own organizational system and style can greatly benefit you not only as an entrepreneur or in the business world, but also as a stock trader or investor. You can apply the same organizational strategies and techniques to your stock trading and investing. While doing research, you can organize your notes, watch list, and potential plays more efficiently. After time, as you gain more experience, you can organize information more reliably and a lot faster. Speed and reliability are crucial when make fast, non-stop trading decisions.

One thing traders and investors can organize is their strategy for trading and investing their money. A trading plan gives definition and rules to the method you use to trade stocks “in your mind”. Basically, you’re writing down “how” you trade stocks on paper.

Traders and investors can also organize stocks on their watch list in to groups. Groups you can use are “day trades”, “swing trades”, “watch earnings”, “dividends”, and “value”. Some people use the stock’s business sector, such as manfucaturing or bio-tech. Create your own way to organize the stocks you watch.

As The Donald says, “you either get organized, or you get crushed.” Give structure to your trading life by efficiently organizing the massive amounts of information you see on a daily basis. Develop your organizational skills.