Give yourself some time, Patience is key

Look I know, everyone wants to be rich, but the truth is not everyone knows how to become rich. It’s difficult and that’s why not everyone gets there. Some people, no, most people, go their whole lives without ever taking the time to make the first and most important investment. KNOWLEDGE! You simply can’t succeed if you don’t know how to.

Now don’t get me wrong, learning to trade is not the only way to succeed and get rich, there are many ways to achieve your dreams and develop that financial abundance that you want. You can start a business, have a lifelong career that you are passionate about, or go into teaching and giving back to others. Though I will say, strictly for financial success, you need to develop multiple streams of income. For me, I chose trading as a stream of income, because the reward of the success in trading is absolutely phenomenal! It changed my life, BIG TIME!

I used to be a mover, that’s right, I lived in an 18 wheeler and drove around the United States helping people pack up their homes and move to a different state. Most moves were across the country, like east coast to west coast or northern border by Canada to the warm south for their retirement. I ABSOLUTELY HATED this job, I couldn’t see my family or friends often at all. I was on the road for months at a time. But I got through it and I used the time wisely! All the time driving from one location to another I was listening to audiobooks and reading. The courses in this blog are the ones that really changed my life.

Now I’m still at the beginning of my trading journey, I’m only 5 months in, but I’ve had enough consistent success that I am thrilled to continue and all I want to do now is spread the knowledge to anyone else who is curious. Take my word for it, investing in yourself will be the greatest investment you will ever make. Money comes and goes, but knowledge stays forever!

Stock Market trading 101

Stop Losing on Your Trades and Do What the Smart Money Does With This Simple Stock Trading Strategy.

Here’s a great ‘ten simple steps’ stock trading strategy which you can use to maximize your trading profits whilst at the same time minimizing risk to your trading capital. If you already do your own trading and can set automatic buy/sell orders then this strategy is perfect for you.

No matter which stock trading strategy you read about or try, they all share one fundamental principal, that is to buy low and sell high. Sounds simple enough, but then why do some 95% of traders manage to get in and out of the market at the wrong time, over and over and over again?

What over-powering force is in place which steers the 95% to do this? The answer is human nature and the counter-intuitive manner in which the stock market operates.

The 5% of traders who consistently make money in the stock market do so by buying when the masses are selling, and selling when the masses are buying.

They do this by following a dozen or so strategies, some simple, some more complicated. It is not in the scope of this article to go into each and every strategy, but here’s one anyone can use.

The links at the end of this section point to the web page where you can see this strategy in the form of charts and graphs which make it much easier to understand. Take a look if you’re finding it difficult to picture it.

The Ten Steps Strategy:

1. Study the 12 month charts of several reasonably well known companies and pick out stocks that have been in a steady UPWARD trend throughout the period. There are always plenty of them, even in a falling market.

No stock is ever a sure thing, but give yourself a head start by choosing one which is going in the right direction! Fundamentals don’t mean anything if the price of your chosen stock is trending downwards. Don’t care what the company is or what it does. This is irrelevant, you are just here to make money, period.

2. Check out the trading volumes and eliminate any which lack decent liquidity.

Avoid stocks with not much liquidity (not a lot of buyers/sellers) as you need to be able to get in and out easily and without effecting the price yourself.

3. Study the 3 month chart and check the recent levels of resistance. These are points where the stock price has peaked and then pulled back, before breaking new heights again.

4. Place a mental note to buy at a price just above the most recent top. Note you are not actually buying at this point, just making a mental note to buy when it hits this price.

The stock will need to reverse upwards again and ‘break through’ that last resistance level to effectively ‘buy you in’.

If the stock price does not reverse but instead further drops away, simply lower your ‘mental buy order’ to just above the resistance levels going down and wait for the stock to turn back upwards again.

The great part is the more it drops the better as you have still not bought in.

If it is a well known company and there’s temporary bad news surrounding it (anything except impending closure) you can be sure this stock will eventually bounce back and catch up with (or even temporarily over-take) its long term trend.

When it does it will catch up quickly, over a few weeks perhaps. Follow the next steps and you will be sitting on it all the way up to next top. Gains as much as 30% are common.

5. When the stock price eventually reverses direction back up and passes up through your buy order, immediately buy at market price.

6. Now set your stop loss. Study the last couple of months of the chart and check the rising levels of support. These are points where the stock has resumed its upward direction following a pull back.

7. Place a ‘note to sell’ at a price just below a recent support level. Not too close but not more than 5-8% below your buying price. Your sell order is now your stop-loss.

I cannot stress more – you MUST use a stop loss. Your stop loss will protect your capital if the stock unexpectedly reverses down again. You can always get back in later when it recovers from a very deep pull back (and make even more money in the process).

8. As the stock price moves up, but as soon as reasonably possible, move your stop loss (sell order) up to your buying price. Your stop loss is now your break even. Don’t do this too soon as the stock price may possibly test the support level above your stop loss before heading up again. Give it a few days to do that if it’s going to.

9. As the stock price continues up, keep trailing your sell order up with it to just below the support levels going up.

10. When the stock price reverses direction and passes down through your sell order, immediately sell at market price. Your sell order is now your stop gain.

On a final note, one of the greatest obstacles to success will likely be you. One of the hardest things to do is to actually sell when your stop is triggered. There’s always the voice in the back of your head telling you to hold on a bit longer if the price moves against you. This could be the death nell of your trading because if the price continues to fall it will erode your trading capital.

To counteract this danger you should try to automate many of these processes. Set your stops and if the stop is triggered you can find out why afterward.

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Forex

You should know that there are many different asset classes that you can trade, but the principles are the same for all of them. Buy low, sell high and don’t be too greedy with how much you want to make on each trade, you’re more likely to take losses if you do that. Believe me, I know from experience.

Join FX Jet Pack for revolutionary Forex signals. These signals have been highly reliable and will be sent to you by email throughout the day. I am a full time Forex trader and the signals that I send are the same trades that I take on my own trading account.

I have complete confidence in them and this is why I want to make these Forex signals available to a limited number members. So why not join us, and boost your Forex skills to a new level.

Bitcoin & Cryptocurrencies

Cryptocurrencies, like Bitcoin, are yet another asset class that you can learn to trade and in 2020 it is very worth it to learn to trade them, here’s why.

You know fortunes are being made every day with Crypto-Currencies or you wouldn’t be reading this 

A smart man (or woman) knows a great opportunity when he sees one… and this is one that everybody who’s interested in improving their financial future should take advantage of – FAST! 

If you’ve been waiting for the chance to potentially turn a few hundred dollars into a small fortune, this is it.  

You’re not going to make this kind of money that quickly anywhere else. 

Full warning: There’s a good chance this opportunity might fall outside your comfort zone.  

If you’re willing to try something new it could completely change your future.  

Don’t miss out!

I have a video presentation that you should not miss and you can see it by clicking here, JOIN THE VIDEO

I understand that you are busy and if you don’t have time for the video presentation right now then you can always get the ebook and learn on your own time. CLICK HERE for the free training on how to profit from the Bitcoin bubble before it bursts. You’ll learn about which cryptos you should invest in so you don’t get screwed when the bubble bursts.

All of the courses in my blog are only available for a limited time, so what are you waiting for? Get one NOW and start the process of changing your life. Trust me, a year from now you will be glad you did. If you don’t, then a year from now you will wish you did. What happens in your life is up to you, you are in total control. So you can do what poor people do, or you can do what wealthy people do, the choice is YOURS!

With love and hope,

J. Bischoff

Snapchat: jbischoff181

Instagram: jbisch181