Posts Tagged ‘trading education’

Butterfly Seminar – November 13-15, 2015

Butterfly Seminar:

The seminar is confirmed for this Nov, 13-15 at the Carlysle Hotel (4 star) in Washington, DC. The seminar on Saturday (10am – 4pm) will cover the following:

  1. How to select 'Butterfly' candidates
  2. Computing risk/reward
  3. Responding to market mov't – exceeding short calls/short puts strikes
  4. Dealing with Black Swan/6 sigma events
  5. When to hold 'em vs fold 'em.
  6. Situations/stocks to avoid
  7. Margin req't calculations
  8. Special circumstances

In addition, Phil will discuss his Top Picks for 2016.

Cost for the seminar and 2 night hotel stay will be in the $400 range – the more attendees, the lower the cost. Phil is generously donating his time; the costs consist of: the conference room, recording equipment, Phil's travel and living expenses. For those not wishing to not stay in the hotel, the cost will be $100-150. The recording of the seminar – assuming we are able to record it – will be <$75 (equipment costs/quantity). There is the possibility of a poker game and a Sunday brunch for those interested. Friends of PSW members welcome.

This will be one of the most productive seminars you can attend and one of the better investments you can make in… yourself. This is a sound, conservative vehicle that has  produced outsized returns on a risk/reward basis.

Hope to see you there!

To indicate your interest in the seminar (hotel & seminar, seminar only, recording), please send us an email here.


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Time is running out! Join us in Vegas!

Welcome to Las Vegas!

Join us for the PSW Conference where you'll learn:

  • To BE THE HOUSE – Not the Gambler!!!  
  • How to critically analyze today's markets and economy
  • What strategies to apply to the current market conditions
  • When to hold your trades and when to fix them for bigger gains
  • How to use futures to leverage portfolio returns
  • How to incorporate fundamental analysis for long-term wins
  • The investing trends that will matter next year
  • Our top stock picks for 2015!!!

 

Highlights include:

  • Meet our members and authors at our Annual Nobu Dinner on Saturday (optional)
  • Try to beat Phil in our Poker Tournament (Saturday, optional)
  • Live Education Session Sunday, Nov 9th, 10am – 4pm (Brunch provided.)
  • Dinner at Rao's on Sunday night (optional)
  • Live Market Session Monday, Nov 10th, 6am – 1pm (Breakfast provided.)

 

We're getting special room rates for the Nobu Tower at Caesar's Palace and for Bally's Hotel and Casino as well. (We will send you special reservation information when you register.)

 

Nobu Hotel King RoomRoom Rates are:

  • 5-Star Nobu Hotel (in Caesar's Palace) - Deluxe King room - Saturday and Sunday – just $239/night
  • Bally's (across the street from Caesar's) – Saturday and Sunday – $99/night

 

(For those of your planning to stay longer, either before or after the conference, they're extending a special rate for us for weekdays as well. As it fluctuates with their availability, we don't have a solid price, but it expected to be around $159/night at the Nobu Tower.)

 

Price for BOTH days of the Seminar are: $699 (12 left at this rate):

 

SIGN UP to Join Us HERE!

 

 

 


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See Live Demo Of This Google-Like Trade Algorithm

I just wanted to be sure you saw this.  There’s a ‘live’ training webinar this Thursday, March 27th at Noon or 9:00 pm ET.

If GOOGLE, the NSA, and Steve Jobs all got together in a room with the task of building a tremendously accurate trading algorithm… it wouldn’t just be any ordinary system… it’d be the greatest trading algorithm in the world.

Well, I hate to break it to you though… they never got around to building it, but my friends at Market Tamer did.

Follow this link to register for their training webinar where they’ll demonstrate the tested and proven Algorithm powered by the same technological principles that have made GOOGLE the #1 search engine on the planet!

And get this…had you done nothing but traded a handful of conservative alerts since its inception, you would have experienced portfolio gains exceeding 200%!

Plus, when you register for the webinar you’ll get instant access to the following expectancy trading videos:

  • Instant access to FOUR Quick-Start Expectancy Trading Videos that will show you the exact process other traders are following each day they trade to achieve consistent profitability and abnormally long winning streaks.

    • Instant Access To Training Video #1: Introduction To Expectancy Trading
    • Instant Access To Training Video #2: How The Market Timer Algorithm Works
    • Instant Access To Training Video #3: The Wheel Of Profit
    • Instant Access To Training Video #4: 3-Step Trading
  • Undeniable PROOF that Expectancy Trading Is the most profitable way to trade

Follow this link to register for their training webinar

Sincerely,

Phil

PhilStockWorld.com

P.S. – You can watch the video that explains this unique algorithm and learn about our upcoming training event by following this link.


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Five Fatal Flaws of Trading

Here’s an educational article on the fatal mistakes made by 90% of traders, resulting in – surprise! - losing money.  Courtesy of Elliott Wave International. – Ilene

Five Fatal Flaws of Tradingthe invisible hand, trading

By Jeffrey Kennedy

Close to ninety percent of all traders lose money. The remaining ten percent somehow manage to either break even or even turn a profit – and more importantly, do it consistently. How do they do that?

That’s an age-old question. While there is no magic formula, one of Elliott Wave International’s senior instructors Jeffrey Kennedy has identified five fundamental flaws that, in his opinion, stop most traders from being consistently successful. We don’t claim to have found The Holy Grail of trading here, but sometimes a single idea can change a person’s life. Maybe you’ll find one in Jeffrey’s take on trading? We sincerely hope so.

The following is an excerpt from Jeffrey Kennedy’s Trader’s Classroom Collection. For a limited time, Elliott Wave International is offering Jeffrey Kennedy’s report, How to Use Bar Patterns to Spot Trade Setups, free.

Why Do Traders Lose?

If you’ve been trading for a long time, you no doubt have felt that a monstrous, invisible hand sometimes reaches into your trading account and takes out money. It doesn’t seem to matter how many books you buy, how many seminars you attend or how many hours you spend analyzing price charts, you just can’t seem to prevent that invisible hand from depleting your trading account funds.

Which brings us to the question: Why do traders lose? Or maybe we should ask, ‘How do you stop the Hand?’ Whether you are a seasoned professional or just thinking about opening your first trading account, the ability to stop the Hand is proportional to how well you understand and overcome the Five Fatal Flaws of trading. For each fatal flaw represents a finger on the invisible hand that wreaks havoc with your trading account.

Fatal Flaw No. 1 – Lack of Methodology

If you aim to be a consistently successful trader, then you must have a defined trading methodology, which is simply a clear and concise way of looking at markets. Guessing or going by gut instinct won’t work over the long run. If you don’t have a defined trading methodology, then you don’t have a way to know what constitutes a…
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Zero Hedge

Explosion Hits Russia's Largest Virus Lab Which Houses Plague, Smallpox, Ebola And Other Deadly Viruses

Courtesy of ZeroHedge View original post here.

A sudden explosion at a Siberian virus research center on Monday reportedly left the facility engulfed in flames, according to several Russian news outlets. 

Firefighters and other emergency personnel were dispatched to the "Vector Institute" located several miles from Novosibirsk - an emergency which was upgraded "from an ordinary emergency to a major incident," a...



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Phil's Favorites

The future of work will still include plenty of jobs

 

The future of work will still include plenty of jobs

Even though the future is unknown, Canada’s employment rate has risen steadily from 53 per cent in 1946 to more than 61 per cent today. (Shutterstock)

Courtesy of Wayne Simpson, University of Manitoba

There is now widespread anxiety over the future of work, often accompanied by calls for a basic income to protect those displaced by automation and other technological changes.

As a labour economis...



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Lee's Free Thinking

Is The Drone Strike a Black Swan?

Courtesy of Lee Adler

Pundits are calling yesterday’s drone strke a “black swan.” Can a drone strike on a Saudi oil facility, be a “black swan.”

According to Investopedia:

A black swan is an unpredictable event that is beyond what is normally expected of a situation and has potentially severe consequences. Black swan events are characterized by their extreme rarity, their severe impact, and the practice of explaining widespread failure to predict them as simple folly in hindsight.

I seriously doubt that no one expected or could have predicted a drone strike on a Saudi oil facility.

Call Me A B...

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Insider Scoop

New Relic Cuts 2020 Sales Guidance, Announces Changes In Management

Courtesy of Benzinga

New Relic (NYSE: NEWR) has reaffirmed its second-quarter guidance and cut its sales guidance for fiscal year 2020 from $600 million-$607 million to $586 million-$593 million.

The company’s chief technology officer, Jim Gochee, and chief revenue officer, Erica Schultz, have resigned. New Relic also named board member Michael Christenson as its chief operating officer. Christenson joins from his ...



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The Technical Traders

Metals are following downside sell off prediction before the next rally

Courtesy of Technical Traders

It is absolutely amazing how the precious metals markets have followed our October 2018 predictions almost like clockwork.  Our call for an April 21~24 momentum base below $1300 followed by an extensive rally to levels above $1550 has been playing out almost like we scripted these future price moves.

Now that the $1550 level has been reached, we are expecting a rotation to levels that may reach just below the $1490~1500 level before attempting to set up another momentum base/bottom formation.  And just like clockwork, Gold has followed our predictions and price is falling as we expected. Just look at our October 2018 chart where we forecasted the price of gold...



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Chart School

Crude Oil Cycle Bottom aligns with Saudi Oil Attack

Courtesy of Read the Ticker

Do the cycles know? Funny how cycle lows attract the need for higher prices, no matter what the news is!

These are the questions before markets on on Monday 16th Aug 2019:

1) A much higher oil price in quick time can not be tolerated by the consumer, as it gives birth to much higher inflation and a tax on the average Joe disposable income. This is recessionary pressure.

2) With (1) above the real issue will be the higher interest rate and US dollar effect on the SP500 near all time highs.

3) A moderately higher oil price is likely to be absorbed and be bullish as it creates income for struggling energy companies and the inflation shock may be muted. 

We shall see. 

...

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Kimble Charting Solutions

Bond Yields Due For Rally After Declining More Than 1987 Stock Crash

Courtesy of Chris Kimble

U.S. Treasury Bond Yields – 2, 5, 10, 30 Year Durations

The past year has seen treasury bond yields decline sharply, yet in an orderly fashion.

This has spurred recession concerns for much of 2019. Needless to say, it’s a confusing time for investors.

In today’s chart of the day, we look at a longer-term view of the 2, 5, 10, and 30-year treasury bond yields.

Short to long term bond yields are all testing 7 to 10-year support levels as momentum is at the lowest levels in a decade.

A yield rally is likely due across the board after a recent decline that was bigger than the stock crash in 1987!

If yields fail to ral...



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Digital Currencies

China Crypto Miners Wiped Out By Flood; Bitcoin Hash Rate Hits ATHs

Courtesy of ZeroHedge View original post here.

Last week, a devastating rainstorm in China's Sichuan province triggered mudslides, forcing local hydropower plants and cryptocurrency miners to halt operations, reported CoinDesk.

Torrential rains flooded some parts of Sichuan's mountainous Aba prefecture last Monday, with mudslides seen across 17 counties in the area, according to local government posts on Weibo. 

One of the worst-hit areas was Wenchuan county, ...



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Biotech

The Big Pharma Takeover of Medical Cannabis

Reminder: We are available to chat with Members, comments are found below each post.

 

The Big Pharma Takeover of Medical Cannabis

Courtesy of  , Visual Capitalist

The Big Pharma Takeover of Medical Cannabis

As evidence of cannabis’ many benefits mounts, so does the interest from the global pharmaceutical industry, known as Big Pharma. The entrance of such behemoths will radically transform the cannabis industry—once heavily stigmatized, it is now a potentially game-changing source of growth for countless co...



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Mapping The Market

How IPOs Are Priced

Via Jean Luc 

Funny but probably true:

...

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Members' Corner

Despacito - How to Make Money the Old-Fashioned Way - SLOWLY!

Are you ready to retire?  

For most people, the purpose of investing is to build up enough wealth to allow you to retire.  In general, that's usually enough money to reliably generate a year's worth of your average income, each year into your retirement so that that, plus you Social Security, should be enough to pay your bills without having to draw down on your principle.

Unfortunately, as the last decade has shown us, we can't count on bonds to pay us more than 3% and the average return from the stock market over the past 20 years has been erratic - to say the least - with 4 negative years (2000, 2001, 2002 and 2008) and 14 positives, though mostly in the 10% range on the positives.  A string of losses like we had from 2000-02 could easily wipe out a decades worth of gains.

Still, the stock market has been better over the last 10 (7%) an...



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Promotions

Free eBook - "My Top Strategies for 2017"

 

 

Here's a free ebook for you to check out! 

Phil has a chapter in a newly-released eBook that we think you’ll enjoy.

In My Top Strategies for 2017, Phil's chapter is Secret Santa’s Inflation Hedges for 2017.

This chapter isn’t about risk or leverage. Phil present a few smart, practical ideas you can use as a hedge against inflation as well as hedging strategies designed to assist you in staying ahead of the markets.

Some other great content in this free eBook includes:

 

·       How 2017 Will Affect Oil, the US Dollar and the European Union

...

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About Phil:

Philip R. Davis is a founder Phil's Stock World, a stock and options trading site that teaches the art of options trading to newcomers and devises advanced strategies for expert traders...

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About Ilene:

Ilene is editor and affiliate program coordinator for PSW. She manages the site market shadows, archives, more. Contact Ilene to learn about our affiliate and content sharing programs.

Market Shadows >>