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Mike's E-Book: "Read the Greed-Take the Money:  2nd Edition"

 

GET IT NOW!!  And get 2 FREE WEEKS of our Nightly Support and  Resistance Updates  WHICH INCLUDES access to our Live Trading Room!

This E-book graphically demonstrates, in detail, Mike's personal trade setups.

This book contains secrets
never seen before that will
stack the odds in your favor.
Learn when to enter the market and just as important, when *not* to enter.

Get the Secrets of a 30 Year Veteran Trader now!
CLICK HERE FOR DETAILS!

 


"Finding Fixed Support and Resistance"

 

Would YOU like to Learn How to Find Support and Resistance Like a 30 Year Veteran Trader?

You'll get BOTH the tutorial, AND and the Audio/Video CD-ROM on "How to Find Fixed Support and Resistance" areas for the next trading day. 

 

Click Here to Learn More!

 



 

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Nightly Support and Resistance Updates


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Read the Greed-LIVE!

The Ultimate Trading Course!

 

11 CD-ROMs and 3 Trading Booklets showing exactly how a 30 year trading veteran trades successfully!

 

Click Here for More Info !

 


 

RBI Trading Camp

Attend a Week of Intense Training from the comfort of your own home-In your own trading environment.


Click Here for Details

 

 

 

 

Day Trading Advice:
Identifying & Exiting Losers

 

The majority of traders are looking for entries with a very high probability of success. Web sites and book stores are loaded with day trading advice to fill this “need.” Some of it’s pretty good entry advice. A lot of it is average, which is actually not a good thing. But good or average, if they are leading you to believe that “If you can find better entries, you’d be making money.” Than this is poor day trading advice, it’s a lie and they are taking your money and they are taking you for a ride.

Well, it’s time to stop believing the lie. Stop paying for “sure thing” entry methods.

I write a market newsletter each day, giving my "game plan" for the next trading day. I'm as specific as possible including Support and Resistance levels that I will be buying and selling against, which provides you with great trade set ups nearly everyday.


I’ve been day trading futures for 30 years and I’ve developed a strategy that makes money consistently. I don’t promise overnight success, anyone who is really serious about wanting to learn day trading, realizes that it’s not a get rich quick profession. Yes, my method does include great entries, but most losing traders have decent entry strategies. My experienced day trading advice doesn’t focus as much on entries as it does on exits…

Offense doesn’t win this ballgame, defense does!

If you’re going to make it day trading the stock market, and actually be successful at it, you must understand why this is, and then you’ll program your reflexes to follow your knowledge.

Think of it this way…large corporations spend millions of dollars inventing boatloads of products that are worthless. But in the early stages of research and development, the company can’t tell which products will make money. If they take all their new products to market, and only a few sell, the few won’t offset the losers, and the company will go under.

Most new companies (about 95% by some estimates) fail. The same is true of traders, they want to be successful, but just don’t know how to go about it, which day trading advice should they believe, and who’s just trying to take their money .

But there is an upside to all of this, successful companies know a secret. They find a way to identify their losers in the early stages… and close the projects down quickly before losing a lot of money in the marketing process.


As James Surowiecki puts it in his book, “The Wisdom of Crowds”


…companies place huge bets on losers all the time. What makes a system successful is its ability to recognize losers and kill them quickly.”

The same is true of
stock trading strategies. Experienced professional traders place bets on losers all the time, but they know how to identify losers and kill them quickly before much (if any) money is lost.

I close bad trades well before my hard stops are hit, but anyone can do that. But, you also have to recognize your losers early. Otherwise you’ll be killing your good trades along with the bad ones.


Every successful trader I’ve met has a way of getting out early on bad trades. If you a
re day trading support and resistance, I can teach you how I do it. You may be able to find a way to do it on your own, but it will probably take years. I’ve been trading for more than 30 years, and publishing my day trading advice on the internet since 1996.

No matter which route you take, identifying and exiting losers is the key to trading.

I can give you day trading advice and specifi
c
trading tips to improve your entries. My strategies are time tested and I have been successful with my methods of trading for over two decades. What’s even better, I can show you intra-bar timing of your entries. And it’s true that the timing of entries affects your ability to recognize the losers before they hurt you. But it’s your ability to kill those losers quickly that really counts.

Be sure to sign up for my Free delayed RBI Updates before you leave our web site. Follow these for a few days, and you’ll understand how helpful my day trading advice can be to your trading.

Or if you want to jump into a winning strategy right now, go ahead and subscribe to
my “Real Time” Daily RBI Trader’s Updates, they are delivered each trading day complete with the most accurate and powerful support and resistance areas in the business, as well as my own daily trading plan and how I am going to trade the market the following day.

I also teach a trading class from time to time that gives my high-probability, low-risk setups and, more importantly, shows how to get out of losers early. Please contact us for additional details if you are interested in reserving a seat at my nex
t
“RBI Trader’s Camp”.
 

TradeStalker.com, Investment Advisory Service, Fort Wayne, IN

 

 


Disclaimer:
The financial markets are risky. Investing is risky. Past performance does not guarantee future performance. The foregoing has been prepared solely for informational purposes and is not a solicitation, or an offer to buy or sell any security. Opinions are based on historical research and data believed reliable, but there is no guarantee that future results will be profitable.

We are not advocating trading futures. The prices and contracts in the TradeStalker's RBI Updates specify a manner in which you could trade. We occasionally mention the SP500 and Nasdaq futures markets because it is extremely liquid and tends to lead the other markets. This is not an endorsement or recommendation of the SP500 and Nasdaq futures markets. The risk of loss in futures is substantial. You can lose more than your original investment. We are not Registered Investment Advisors or Commodity Trading Advisors.