http://tradingsuccess.com/ - Ray Barros
What you will learn from the 4~day webinar @ US$750.00
The Habits of Success webinar to be held online on August 29~30 and September 5~6, 2009 provides you with the tools to succeed :
It has a unique journal-keeping method that will provide laser focuses on the areas that need improvement and those areas that you repeat for maximum profitability.
It provides an effective equity journal and position sizing method.
It provides an effective plan with the following statistics:
º Avg Yearly Return on Capital : 15%
º Avg Losing Streak : 04
º Maximum Losing Streak : 08
º Avg Winning Streak : 12
º Maximum Winning Streak : 18
º Win Rate : 48%
º Loss Rate : 52%
º Avg Return % Initiating Price : 51%
º Avg Loss% on Initiating Price : 40%
º Expectancy per trade : 0.45%
º Expectancy ratio : 1.28
º Avg # trade pa (7 instruments) : 300
Let us have a look at what the figures mean to you:
1. You will double your money every 6 years.
2. Your expected profit per trade will be 0.45% of the initiating trade price. For example:
Let us say you trade only Gold and it remains in a range of US$900 for the whole year.
If you buy Gold at $910, you can expect to make on a one-contract basis, US$51.00.
Since you have 300 trades pa, you can expect to make on a one-contract basis: $300* 51 = US$15,300.00.
3. Your maximum loss will be (.4*900)*8 = US$2880
4. Your average loss will be (.4*900)*4 = US$1440
And so on
Knowing the statistics is important because you will know whether the method is in ‘ebb or flow’ mode. Knowing this is important to maximize your profit and minimizing your losses.
In short, the seminar gives the newbie a holistic approach that builds the foundation to success. Based on this foundation, the newbie goes on to even greater success. This seminar gives you the opportunity to achieve your dreams.
What will Ray be teaching?
We are glad you asked. We have attached a brief outline of the seminar. Does the seminar represent value? I shall let you judge for yourself.
1. Comparable seminars in Singapore average S$3000.00 for two days.
2. Many cover only method instead of method + money management + psychological tools.
3. Those that do cover money management and psychology fail to approach the level of effectiveness of Ray’s approach.
DAY 1 & 2
Winning Psychology :
Introducing the idea of journal keeping and the purpose of journal keeping.
Introducing the 3-1-0 method of journal keeping and providing a template.
Going through worked examples of journal keeping
Effective Money Management :
Introducing the need for keeping trading records.
Introducing a template for trading records.
Explaining the difference between keeping records in dollar results and % of initiating price and explaining why each is necessary.
Going through worked examples of keeping records and demonstrating the automated spreadsheet for producing reports.
DAY 3 & 4
Plan with an Edge :
Introducing the foundation of technical analysis.
Introducing candlestick charting
Introducing the rules of the method: Trend identification, entry and stop loss, profit taking
The Trading Game: Simulated trading. The winners will be the persons who produce the best trading result AND keep the best equity and psychological journals.