This month’s popular Millionaire Trader series profiles our host, Mike Ser who achieved trading success as well as training others to succeed. Mike shares his story of how he achieved immediate trading success in the late 90′s trading technology stocks and then how he struggled to achieve consistency after his initial success. However, with persistence and a passion for the markets, he achieved his second trading success in 2005/06 trading technology stocks again. Over the past decade, Mike has traded throughout volatile events such as the Dotcom Boom and Bust, 9/11, Financial Crisis, Flash Crash, European Sovereign Debt Crisis and more. He shares with you how he survived during these turbulent periods and thrived. As well, Mike has had great success in training traders and he shares his training methodology with you. Enjoy the webinar where Mike shares his 14 years of trading experiences with you.
We’re going to continue with our ever popular Millionaire Trader series where we interview very successful traders who have made over a million dollars through trading. In this recorded webinar, we’re going to have a conversation with Frank Guo whom I’ve also had the opportunity to work closely with. He has an amazing story to share about how he opened up a Tax Free Savings Account (TFSA) with just $10k and turned it into over $800k in under 3 years. The best part is all his profits were TAX FREE. As well, you’ll hear his story of him quitting his job to become a full-time trader specializing in the Canadian Markets.
Listen in on this informative and inspiring session where Frank shares his trading story with you and how you could potentially grow your tax free savings account into millions. Enjoy the video!
This past week, I started hosting a special webinar series called “Millionaire Trader Interviews” where I profile very successful traders who have made it. What does that mean? It means that they have been able to make over $1M in profits and became a Millionaire through trading. I’ve been fortunate to train and meet many successful traders over my many years in the financial markets.
This month, I had a conversation with Andy Man, whom you may have heard of, as he was a student of mine. He has an amazing story to share with you and one that will inspire you to work hard to achieve trading success. Andy was a civil engineer who knew nothing about the financial markets just 5 years ago but in 2011, he became a Millionaire Trader. In the webinar, he shares his remarkable story of how he turned $1,600 into $1.7M during a 5 month period. What’s amazing is he has been consistently profitable as a trader in the Gold and Silver markets.
This is an informative and motivating session with a Millionaire Trader! Enjoy the video!
The new years is upon us and if you haven’t done so already, it’s time to put to paper your goals for 2013. Whether it’s a financial goal that you want to achieve this year or a personal goal, it’s so important to know what direction you are heading towards so you can put a plan together to reach your goals. I ask so many traders what their goals are for the year and they say they want to make a lot of money in the markets. My next question is what is a lot of money. Then they tell me they want to make $X this year. The goals obviously need to be realistic rather than a big dream. Then my next follow up question is how do they plan to make $X. Then they tell me they are going to trade stocks or whatever trading instrument to achieve that. Then my next question is how do they plan to trade to achieve their goals. Then they tell me the details of their trading strategy etc… You get the point that I am trying to get across… Here’s an example:
Say you want to be able to make enough money for a large purchase such as a car, boat or vacation property this year and you need to make X dollars. Determine how much capital you have to trade or invest with and you’ll be able to figure out how much % return you need to generate. Once you determined this X%, ask yourself if this is achievable. If your expected % return is over 1000% return then maybe you need to get a reality check or start with a more realistic % return. Once you’ve determined your desired % return then you need to figure out what trading instrument gives you the best chance to achieve your desired return. It could be stocks, options, forex or futures. Once you’ve decided on your trading instrument then you need to decide on the trading strategy that complements your risk tolerance, personality and lifestyle AND gives you the best chance to achieve your desired % return. For example, if your goal is to make over 100% return then you might need to utilize a leveraged trading instrument like futures or options OR utilize a much more aggressive trading strategy. It doesn’t make sense for you to adopt a very conservative strategy or buy a stable moving stock if your goal is to make over 100% return. You just won’t be able to achieve your financial goal. So my point is you gotta know what your desired financial goal is and then put together a plan to achieve that. If you find out that you’re not comfortable with the risk you may be taking to achieve that desired goal then you need to rethink that goal or be more realistic in terms of your financial goals. Put together a well thought plan and you’ll be on your way to achieving all your goals this year. Good luck!
Last month, I had an opportunity to be interviewed for a story that was published in the December 7th issue of Macleans magazine. The story was about whether people should delegate their investments to a qualified investment professional OR take control of their investments themselves and do it on their own. If you were to ask me, my opinion would be biased considering that I’ve been managing my own money for the past 14 years. However, for those who aren’t sure at this point, let me outline the benefits of both.
Benefits of finding a qualified and successful investment professional
You can see that I underlined the word “successful”. There are too many investment advisors out there who are advising people what to do with their own money but yet, they are not successful themselves. These people are merely salespeople who are pushing investment products so they can make a commission. However, if you’re able to find someone who’s been very successful and you agree with his investment philosophy, it could be a very good fit. The reason being that you can leverage his/her experiences, knowledge and expertise which could take you many years to attain. The rationale is why try to be an expert in investing when you can hire an expert to handle that for you.
Benefits of taking charge and investing on your own
Notice the phrase I used; “Taking Charge”. Let me ask you a question. Who cares the most about your investments? Is it your broker? Your advisor or banker? It’s YOU. By taking charge of your investments, you have complete unbiased control on how you should manage your portfolio. If you’re not sure what investments to make, then you should go about educating yourself and learn as much about the types of investments you want to make. A lot of people fear that they are not experts in investing and believe that an investment advisor or portfolio manager would help them produce exceptional returns. This is not necessarily the case. There was a 2009 study done that showed that over a five year period, 71% of active fund managers DID NOT outperform the S&P 500 benchmark, the general stock market barometer. This means that the majority of fund managers out there produced sub standard returns. So the question you should ask yourself is: why should you consider giving money to these so-called experts when you have the possibility of performing better than them?
If you have the interest, desire and passion about investing, take control of your financial future and continue to develop your investing expertise.
For those interested in reading the Maclean’s article, please click on the link below:
Apple is not only loved by consumers who buy their products such as the iPhone, Macbook or iPad but investors have been very pleased with the performance of the company’s stock. Since 2004, the stock price has risen as high as 7000% and this year’s performance hasn’t been shabby either, rising as high as 70%. However, since the product launch of the much anticipated iPhone 5 and the disappointment of its most recent quarterly earnings, Apple’s stock price hasn’t performed up to its investors expectations. Since hitting a share price high of $700 on Sept 21, the stock price has dropped over 20%. Is this a buying opportunity for investors who still believe in Apple’s growth story? Is this also a buying opportunity for traders who want to get back into this stock to benefit from the Christmas sales season? Well, the fundamentals of this company still look strong given consumer’s interest in their products and the ever so busy Apple retail stores. So let’s take a look at the technicals for Apple’s stock price. What I can see is a very good buying opportunity right now.
As you can see from the chart above, I’ve analyzed the price performance of Apple for the past 2 years and I see 3 technical points that leads me to be very excited about this stock right now. First, you will notice that I utilized the Relative Strength Indicator (RSI) to tell me whether this stock is overbought or oversold. If the RSI level is over 70 then it’s considered overbought and not an ideal time to buy the stock. If the RSI level is under 30 then it’s considered oversold and perhaps, a time to consider buying the stock. If you notice the green arrows in the RSI window, you’ll see that anytime the RSI level is close to 16, Apple’s stock makes a bottom and starts going back up. This is the case for 3 times in June 2011, Oct 2011 and May 2012. You will now notice that Apple’s RSI level has hit 16 again and this could a time where Apple’s stock price starts going back up.
The second reason why I am excited about this opportunity is the Hammer Candlestick formation that appeared this past Friday November 16. For those not familiar with Candlesticks, no need to worry. Just google “Hammer Candlestick Pattern” and you’ll find a lot of information about this. My point is a Hammer Candlestick Pattern basically tells us that there could be a potential stock price reversal and this could be the bottom for the stock. Also, to confirm this hammer candlestick formation, we need to see a huge amount of buyers and sellers involved and as you can see on this past Friday’s activity, there was heavy interest in this stock of well over 45 million shares traded. This volume of activity is usually well above average. The third reason is the stock price has now reached a price support level between $520-$530 which it last reached in May 2012. This could be a potentially strong price support level which may not be easily broken. In simple terms, we expect this stock to hold the $520-$530 price levels. Add on to the fact that we’re approaching X’mas season and people love to get and give Apple products and you can see my rationale that this could be the LAST BUYING OPPORTUNITY for Apple stock this year. Good luck!
Full disclosure: I do own shares in Apple (AAPL) and please consult an investment adviser before making any financial decisions.
Due to the number of emails and questions from our members, we decided to host a special Q&A one on one session with Andy Man. Andy is one of my most successful students and is the GURU on Gold & Silver. Listen to our webinar on how he talks about his trading background and his thoughts on the Gold & Silver Market. Enjoy the webinar!
With Ben Bernanke’s announcement of QE3 last month, this presents an incredible opportunity to profit from Gold & Silver over the next few years. Why is this? On Sept 13, the US Federal Reserve launched an open ended program to buy $40 billion in mortgage backed securities each month and maintain low interest rates til 2014. In simple terms, this means that the US Federal Reserve is going to continue printing massive numbers of US Dollars to prop up the US economy, which in turn could cause inflation to be a major concern and thus, drive up the value of hard assets like Gold.
We are very fortunate to have Andy Man, an incredibly successful Gold & Silver Trader Specialist share with us his thoughts on the Precious Metals sector. Andy is a recognized expert on Gold & Silver having built an astonishing trading track record and having made over $1.7 million in trading profits last year. You’ll have an opportunity through this recording to hear from him how we may still be in the early stages of the move in Gold and that due to QE Unlimited, we could see Gold prices skyrocket. Enjoy the video!
To keep with the FUTURES TRADING theme, I thought I would share a Trader Documentary Movie that I highly recommend that you watch. For those who are considering a career as a Futures Trader, this is a GREAT documentary of the Chicago Mercantile Exchange where the majority of futures trading takes place. The movie is called “FLOORED” and it gives you a history of how futures were traded before the world moved to electronic trading. If you’re not excited to become a trader after watching this then you may be in the wrong business. Enjoy the movie!
I have attached the link below:
Thanks to the recent exposure that I received from the Globe & Mail, Canada’s nation wide newspaper, I was given the opportunity to share how I made money by speculating on public companies which might get taken over by larger companies. This type of trading strategy could be extremely lucrative as companies typically pay a huge price premium over their current stock price to be acquired by other companies. If you’re looking to profit from these types of merger and acquisition strategies, here is a list of potential company takeover target criteria that I use to evaluate a possible opportunity:
- Look for small to mid size companies
- Large cash reserves so the acquirer may be able to use the cash to pay down the large amount of debt to finance the deal
- Lots of insider ownership (incentives for founders/management to sell)
- Influential company CEO’s in same sectors who sit on their board or advisers
- Attractive valuation (market prices company below book value due to poor management)
- Intellectual Property (company owns IP/patents that an acquirer requires)
- Develops leading edge technologies (development phase)
- Niche oriented companies (dominant their specific area)
- Hot investment sector due to high demand for their product/service (increasing commodity prices)
For those who haven’t read the Globe & Mail article, here’s the link:
PS. I sold my RIMM position already at a loss.