Creating Wealth

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'YouTube Video Marketing' Tips #1 - Customizing Your Channel
Produced By: ocollier on 30 Apr 2008
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Description: http://www.otiscollier.com/theplan Hello (more...)

Views: 67
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Duration: 06:25

WordPress Permalinks | Tutorial #11
Produced By: ocollier on 19 Mar 2008
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Description: http://www.otisteaches.com/tutorials/wordpress-permalinks-tutorial-11/ Before (more...)

Views: 67
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Duration: 08:55

35. Master the Psychology of Trading: The Effect of Losses
Produced By: InformedTrades on 04 Jan 2008
Tags: howto trade psychology of (more...)
Description: http://www.informedtrades.com/ A (more...) lesson on how the ability and willingness to take losses when trading the forex, futures, or stock markets is one of the key factors that differentiates successful traders from unsuccessful ones. Trading Success Means Comfort with Being Wrong In our last lesson we introduced the concept that money management and the psychology of money management as the most overlooked but most important component of trading success. In today's lesson we will begin to look at one of the most important components of the psychology of money management: a willingness to be wrong. Humans in general grow up being taught by their environment of the importance of always being right. Those who are right are envied as the winners in society and those who are wrong are cast aside as losers. A fear of being wrong and the need to always be right will hold you back in general, but will be deadly in your trading. With this in mind lets say that you have been watching my videos and feel that I am an intelligent trader, so you want me to give you a method to trade. I say fine and give you a method and tell you that the method will trade 100 times a year with an average profit of 100 points for winning trades and an average loss of 20 points for loosing trades. You say great and take the system home to give it a try. A few days later the first trade comes and quickly hits its profit target of 80 points. Great you say and call a bunch of your friends to tell them about the great system you've found. Then a few days later the next trade comes but quickly takes a loss. You hold tight however and then the next trade comes, and the next trade etc until the trade has hit 5 losers in a row and amounting to 100 points in loses on the losers so you are now down 20 points overall, and all your trader buddy's who started following the system after the first trade are now down 100 points. Now you feel really dumb and are the joke among the group of guys that you trade with, so the next day you come back to me yelling about how bad the system I gave you is. I say ok and tell you I have another system for you. This one also trades 100 times a year but has a higher success rate that I think he will be happy with. You take this system home and the next day it quickly hits a winner followed by another then another and then another until over the next few days you have 5 winners in a row totaling 50 points in gains for your account. Getting very excited you call all of your trader friends and tell them that this time you have found it, you tell your wife how you haven't lost on a trade in two weeks and you rub your perfect trading statement in the face of all your trader buds as revenge. So now ask yourself this question. If you were really the trader in this example which system would you rather have? I can tell you from experience that the large majority of traders will take the second system without a second thought, and on top of that will stick with it even if it hits a few losses that wipe out most or all of its gains. Although the successful trader will want to know a lot more about both these systems which we are going to learn about in the lessons that come before deciding which one to trade I can tell you that what they will glean from the above information is the following: (less)

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Duration: 07:32

Views: 63
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Duration: 01:35

How to Embed a List of YouTube Videos on MySpace
Produced By: ocollier on 19 Jan 2008
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Description: http://www.otiscollier.com In this (more...)

Views: 63
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Duration: 04:44

19. How toTrade Moving Averages Like a Pro Part 2
Produced By: InformedTrades on 14 Dec 2007
Tags: howto daytrade investing trading (more...)
Description: http://www.informedtrades.com/tags/index.php/moving-average/ In (more...) our last lesson we looked at the two main types of moving averages, the simple moving average and the exponential moving average. In this lesson we are going to look at some of the ways that traders use moving averages to pick their entry and exit points in the currency, commodities, and equities market. As moving averages are lagging indicators they tend to work well in identifying and following a trend and not to work well in ranging or trend less markets. Because of this traders will often use them to trade with the trend as well as to identify potential areas of support or resistance which may result in a continuation or reversal of a trend. Lets look at some examples: The most basic way that traders will use moving averages is to identify and then trade with the trend of a particular instrument. Although most traders will probably want to use the moving average in conjunction with some of the things that we have learned so far and some of the things we will learn in future lessons, the most basic way to trade using just the moving average is to buy when the price of a financial instrument breaks above the moving average line and sell when the financial instrument breaks below the moving average line. For confirmation traders will often wait for a full bar to close above the moving average line before entering long and a full bar to close below the moving average line before entering a short position. Example of Trend Following Using Moving Averages: A second way that traders use moving averages is to identify areas of support or resistance and then trade the break of these levels, looking for a potential reversal of the trend. When a financial instrument has shown a particular moving average level to be significant from a support or resistance standpoint in the past by testing the moving average line several times, and then breaks that level, traders will often see this as a warning sign that the trend is reversing and position themselves accordingly. Example of Trading Support and Resistance Breaks Using Moving Averages: The last way that traders will using moving averages is by plotting a longer term moving average and a shorter term moving average on a chart and trading the cross over. The idea here is that the shorter term moving average will be faster in identifying changes in the trend and therefore traders will look to get long when the shorter term moving average crosses above the longer term moving average and short when the shorter term moving average crosses below the longer term moving average. Example of Moving Average Crossovers: That completes this lesson. You should now have a good understanding of how many traders trade moving averages. As always if you have any questions or concerns please feel free to post them in the comments section below, and have a great day! (less)

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Duration: 05:25

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Duration: 01:20

how to (improve my gas mileage) *Secrets*Revealed...
Produced By: Jermeyl on 11 May 2008
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Description: . http://www.stresslessproduct.info . (Increase (more...)

Views: 51
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Duration: 01:42

Only the top 2% do Google Search like this
Produced By: ocollier on 03 Mar 2008
Tags: google search tricks hacks (more...)
Description: http://www.otiscollier.com I was (more...) sitting around today pondering what new lesson would I teach you. It then hit me that I should teach you a very simple however under utilized search technique. I have literally taught thousands of recruiters this technique and other techniques like this and they have paid me thousands of dollars for this knowledge. You now get it absolutely free. google search google search engine google search bar google image search google people search advanced google search google book search google blog search google web search google quick search google map search google product search google desktop search google video search google job search google advanced image search google patent search google search uk google map satellite search google uk search engine google name search google search for jelly kelly bags handbags purses search google deleting google search memory html google search engines what is google or yahoo the number one search engine clear google search history google free people search google search history google desktop search tab google search engine placement search for look for google adsense affiliate review at ebay google advanced search google and people search google co uk search q silver fridge freezer with d google custom search optimization keywords google mp search google search find people google search tips how to delete google search history top google searches uninstalling google search bar in ie google address search google com search q akai plasma tv and broken google email search google search api google search engine problem google yahoo search how to clear google search history internet explorer google search address bar free google search site submission web google news search results google page search source google search engines blogs adsense dictionary education google searches info http www google com search q criminal attorney advice search engine google best keywords to search google adsense google search search engine optimization services (less)

Views: 50
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Duration: 06:30

4. Day Trading Lesson 4: The Basics of Charts
Produced By: InformedTrades on 27 Nov 2007
Tags: daytrade forex stocks fututres (more...)
Description: http://www.informedtrades.com/ The (more...)

Views: 50
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Duration: 05:47

Traffic Geyser Alternatives
Produced By: ocollier on 23 Jan 2008
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Description: http://www.otiscollier.com In this (more...)

Views: 49
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Duration: 06:52

5. Day Trading Lesson 5: Support and Resistance
Produced By: InformedTrades on 28 Nov 2007
Tags: daytrade forex stocks fututres (more...)
Description: http://www.informedtrades.com/ The (more...)

Views: 47
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Duration: 04:34

Currency Pegs and the Value of the US Dollar
Produced By: InformedTrades on 04 Jun 2008
Tags: currency pegs forex trading (more...)
Description: http://www.informedtrades.com A look (more...)

Views: 46
Comments: 1
Duration: 05:46

40. Money Management: How To Determine Initial Stop Levels
Produced By: InformedTrades on 10 Jan 2008
Tags: howto trade psychology of (more...)
Description: http://www.informedtrades.com/ A less (more...) on how traders determine their initial stop levels when trading the stock, futures, and forex markets. In our last lesson we looked at the difficulty of overcoming a loss in the market to further emphasize the importance of protecting your trading capital as a critical component of any successful trading strategy. In today's lesson we are going to start to look at the first and one of the best ways of protecting one's trading capital, setting your initial stop. As we learned about in our lesson on the effects of trading losses, 50% or more of the trades made by many successful trading strategies are losers. These trading strategies and traders are successful not because they are highly accurate on a trade by trade basis, but because when they are wrong they cut their losses quickly and when they are right they let their profits run. While the trading strategy that you eventually end up trading for yourself may have a higher success rate than what I mention above, any strategy is going to have loosing trades, so the first key to staying in the game is to have a plan for managing those losses so they do not get out of control and wipe out your chances for success. With this in mind, what most traders will start with when designing a plan for setting their initial stop loss is the amount they can afford to loose on a per trade basis without having a detrimental affect on their account. While this varies from trader to trader and from strategy to strategy, as Dr. Alexander Elder mentions in his book Trading for a Living, many studies have shown that strategies and traders who risk more than 2% of their overall trading capital on any one trade are rarely successful over the long term. From what I have seen most traders risk way more than this on an individual trade basis, another large contributor to the high failure rate among traders. Traders who set their per trade risk level at 2% of their trading capital or less, not only put themselves in a situation where a fairly lengthy string of losses will not knock them out of the game, but also put themselves in a situation where any one trade is not going to make or break their account. This is important not only from a money management standpoint but also from a psychological standpoint in that they are not attached to any one trade and are therefore more likely to stick to their strategy. In order to have a true understanding of what this number should be for a specific strategy you will need to know what the expected accuracy rate is for the strategy, something which will cover in later lessons. For now however it is sufficient to simply understand that you need to have a feel for how much you plan to risk on a per trade basis as a first step in designing a successful money management strategy, and that you should be very wary of any strategy which risks more than 2% of your trading capital on any one trade. Now that we understand that determining how much to risk per trade is the first step in any successful money management strategy, we can move on to other methods of setting your initial stop which fit within the limit set by the amount a trader is willing to risk on a per trade basis. As always if you have any questions or comments please leave them in the comments section below so we can all learn to trade together, and good luck with your trading! (less)

Views: 45
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Duration: 03:16

6. Day Trading Lesson 6: Multi Time Frame Analysis
Produced By: InformedTrades on 29 Nov 2007
Tags: daytrade forex stocks fututres (more...)
Description: http://www.informedtrades.com/ The (more...)

Views: 44
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Duration: 03:42

How to Make A ReDirect Page
Produced By: ocollier on 27 Mar 2008
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Description: http://www.otisteaches.com This is a (more...)

Views: 43
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Duration: 10:00

46. How To Protect Your Trading Profits with Trailing Stops
Produced By: InformedTrades on 18 Jan 2008
Tags: howto trade settingstops daytrade (more...)
Description: http://www.informedtrades.com/ A lesson (more...) on how to traders use trailing stops when trading the stock, futures, and forex markets. In yesterday's lesson we talked about some of the psychological difficulties people have with letting their profits run and introduced the concept of the trailing stop as one way traders can overcome these difficulties that are the downfall of so many traders. As we spoke about briefly in yesterday's lesson, once a position has begun to move in a traders favor many successful trader's will manage that position through the use of what is known as a trailing stop. The simplest type of trailing stop is what is known as a fixed trailing stop which simply moves along behind a position as that position begins to move in the traders favor. The beauty of the fixed trailing stop, is that while it will move up behind a long position or down behind a short position as the position moves in the traders favor, if at any time the position begins to move against the trader, the stop does not move, essentially locking in a large portion of the gains the trader has made up to that point. Let's say for example that you had been following the trend in the EUR/USD chart below which started back in August and were looking for an opportunity to get into a trade. Based on your analysis you decided that if the market broke out above the little resistance point that I have highlighted on the chart below and the ADX was in a good position that you were going to enter long at 1.4360 to try and ride the trend. To manage the trade if it moved in your favor you placed a 100 Point trailing stop on the position at 1.4260. Now in this example if the market moved against you from the start 100 points your stop at 1.4260 would not have moved and you would have been executed on that order when the market touched 1.4260. As you can see from the chart below however, in this example the market did not pull back but went higher. As our stop is a 100 point trailing stop once the market moved up from 1.4360 the stop is going to continue to move up remaining 100 points behind the current price. If the market moves down however the stop does not move. So in this example once the market stoped moving higher at 1.4752 so did our stop and since the market pulled back 100 points from that level we were stopped out in this example at 1.4652. Chart Example Most trading platforms will allow you to set a fixed trailing stop on the platform so you do not have to manually manage the order. As we have touched on briefly in previous lessons, indicators can also be used as trailing stops. One of the more popular indicators which was designed specifically for this purpose is the Parabolic SAR which we covered several lessons ago and you should review if you have not done so already. As we discussed in our lesson on the Average True Range (ATR), this and other methods for measuring volatility in the market are often used to set hard stops by traders when entering the market so they do not get stopped out by market noise. In addition to using the ATR as a hard stop, this and other volatility based indicators can also be used as a trailing stop, moving your hard stop along behind the position a set number of ATR's for instance as it moves in your favor. As with a hard stop this protects your position from market noise, while allowing you to look in profits should the market begin to move against you. Many if not all of the other indicators could also be used as trailing stops with the Moving Average probably one of the more popular here as well. Aside from fixed and indicator based trailing stops another strategy that many traders implement is a fixed percentage of profits trailing stop. Using this method a trader will set his hard stop his profit target, and then once the market hits his profit target will then begin trailing a stop which could be any combination of the methods above. This method gives the trader a greater chance that the trade will hit his profit target but provides less protection should the market reverse and begin to move against him. (less)

Views: 42
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Duration: 08:00

48. Why Fixed Position Sizing Is Not the Best Way to Trade
Produced By: InformedTrades on 23 Jan 2008
Tags: howto trade position sizing (more...)
Description: http://www.informedtrades.com/ A lesson (more...) on how using a standard amount per trade when trading the stock, futures, or forex markets is not the best way to go. In yesterday's lesson we introduced another important yet often overlooked aspect of trading and money management which is position sizing. In today's lesson we are going to begin to look at some of the strategies that many successful traders use to determine their position sizes. As we discussed briefly in the last lesson many traders make the mistake of choosing an arbitrary number such as 1 contract or 100 shares of stock to trade when they first enter the market. In addition to the fact that this does not consider the amount of capital a trader has at his disposal, it also does not take into account the fact that the Dollar value as well as the volatility characteristics of one contract or 100 shares of stock is going to very greatly. Like a poker player who bets the same amount on every hand, this also does not allow a trader the flexibility to trade bigger on trades with a higher probability of success and smaller on trades with a lower probability of success. As you can see from the picture below, a trader trading 100 shares of a $20 stock which fluctuates 5% a day and a second position of 100 shares of a $30 stock which fluctuates 1% a day does not present the risk/reward picture that many traders would expect it would. In this example the smaller position actually has a greater potential risk and reward because of the greater volatility of the first stock in the example. Chart Example The next level of sophistication up from the above, is trading a standard trade size such as 1 contract or 100 shares of stock for every fixed amount of money. As Dr. Van K. Tharp points out however in his book Trade Your Way to Financial Freedom, there are several distinct disadvantages to using this method which are: 1. Not all Investments are Alike (100 shares of a $10 stock which moves 5% a day is not going to be the same as trading 100 Shares of a $10 stock that moves 1% a day) 2. It does not allow you to increase your exposure rapidly with small amounts of money 3. You will always take a position even when the risk is too high. As you can hopefully see from the above information, while the fixed position size per dollar amount is better than simply picking a number of thin air, there are many disadvantages to this method. In tomorrow's lesson we will begin to look at some different ways of overcoming these disadvantages starting with a discussion of the martingale and anti martingale position sizing strategies so we hope to see you in that lesson. As always if you have any questions or comments please feel free to leave them in the comments section below so we can all learn to trade together, and good luck with your trading. (less)

Views: 41
Comments: 0
Duration: 06:48

39. How to Join the Minority of Traders Who Are Successful
Produced By: InformedTrades on 09 Jan 2008
Tags: howto trade psychology of (more...)
Description: http://www.informedtrades.com/ A (more...) lesson on the importance of the preservation of capital as part of a trading strategy for traders of the stock, futures an forex markets. In our last lesson we looked at what one can reasonably expect to earn from their trading over the long term, and how one can avoid the common misconceptions of most traders which ultimately cause them to fail. In today's lesson we are going to look at the next step in developing a successful money management strategy which is how to manage your losses. One of the main key's to successful trading is the preservation of capital. Beyond the obvious point here that if you loose your trading capital then you will be out of the game, is the fact that it takes much more to come back from a loss than it does to take the loss you are trying to come back from. As an example here lets say you start with $10,000 and loose $5000 from a string of bad trades. That $5000 loss represents a 50% loss on your account which now has $5000 left in it. Now ask yourself this question. What percentage gain will you need to make on the $5000 left in your account in order just to be back to breakeven (the $10,000 level) on your account? If you have done the math correctly you will see that in order to make back the 50% loss you took on your account you will need to make a 100% return or basically be twice as successful in your comeback as you were unsuccessful in your drawdown. It is this concept that is one of the most important to understand in trading, as it underscores the importance of protecting one's trading capital, as it shows the difficulty of coming back from a loss in relation to the ease of taking a loss. It is also most traders lack of understanding of this concept that causes them to take risks which are way to large and is a major contributor to the high failure rate among traders. That's our lesson for today, in tomorrow's lesson we are going to talk about how to design a plan before entering a trade or managing the position in case it starts to move against you so we hope to see you in that lesson. As always if you have any questions or comments please feel free to leave them in the comments section below so we can all learn to trade together, and good luck with your trading! (less)

Views: 41
Comments: 0
Duration: 03:59

16. How to Trade Triangle Chart Patterns Like a Pro Part 2
Produced By: InformedTrades on 12 Dec 2007
Tags: howto daytrade investing trading (more...)
Description: http://www.informedtrades.com/ The (more...)

Views: 41
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Duration: 04:38

Easy HTML editing MySpace Profile with My Story Marketing
Produced By: ocollier on 29 Apr 2008
Tags: myspace my story marketing
Description: http://www.otiscollier.com/theplan This (more...)

Views: 38
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Duration: 07:33

45. Stop Your Mind From Causing You to Take Profits Too Soon
Produced By: InformedTrades on 17 Jan 2008
Tags: howto trade settingstops daytrade (more...)
Description: http://www.informedtrades.com/ A (more...) lesson on psychology of trading and how it relates to people's inability to let their profits run when trading the stock, futures, or forex markets. In yesterday's lesson we looked at how many traders use technical indicators as an additional factor they consider when deciding when to exit a trade. In today's lesson we are going to begin to move into the next phase of our series on money management, with a look at how traders go about taking profits once a position moves in their favo,r and some of the difficulties that are associated with this. Before getting into the details of what a trailing stop is and how many traders use them, it is first important to understand the psychology behind taking profits. Develop From the last several lessons you should not have a good understanding of some of the psychological difficulties people have in taking losses, and some of the different money management strategies that can be put into place to help overcome these difficulties that are the downfall of so many traders. What may come as a surprise to many of you is that just as many traders have problems letting their profits run as they do in cutting their losses. To help illustrate this I am going to give a quote from one of my favorite books on money management strategies Trade Your Way to Financial Freedom by Dr. Van K. Tharp. When explaining this concept in his book he gives the example below: When given a chance for '1. a sure $9000 gain or 2. a 95% chance of a $10,000 gain plus a 5% chance of no gain at all....which would you choose?' A study which was done on this showed that 80% of the population chose the sure thing even though the second opportunity represents a $500 larger gain on average. Similar to the way that human's are raised in a way that does not allow them to accept losses our environment also teaches us to seize opportunities quickly, or 'that a bird in the hand is worth two in the bush', a rule that goes against the second half of the most important rule of trading: 'Cut Your Losses and Let Your Profits Run' With this in mind we can now move into the next phase of our series of money management with a look at some of the different ways that traders go about managing their position once it begins to move in their favor starting with a look at trailing stops. Once a position has begun to move in a traders favor, many traders will implement a trailing stop which is basically a strategy for moving the stop they have implemented on their position up when they are long or down when they are short to lesson the loss or increase the amount of profit they will take should the market reverse and begin to move in the opposite direction of their position. As you may realize from watching my previous lessons we have already gone over one precise method which many traders use for setting trailing stops, the Parabolic SAR. In tomorrow's lesson we are going to go over several other methods, so we hope to see you in that lesson. As always if you have any questions or comments please feel free to leave them in the comments section below so we can all learn to trade together, and good luck with your trading! (less)

Views: 37
Comments: 0
Duration: 04:02

43.How to Reduce the Chances of Being Stopped Out on a Trade
Produced By: InformedTrades on 15 Jan 2008
Tags: howto trade Support and (more...)
Description: http://www.informedtrades.com/ A (more...) lesson on how to incorporate multiple support or resistance levels into a trading strategy for the stock, futures, or forex market to reduce the chances of being stopped out on a trade. In our last lesson we looked at how many successful traders incorporate support and resistance into their trading strategies. In today's lesson we are going to expand on this concept by looking at how many traders look for multiple support or resistance levels when placing trades as well as how many chart patterns incorporate this concept already, providing traders with areas in which they can place their stops. As we learned about in our last lesson, when setting a stop many traders will find a level of support if they are buying to enter the trade or resistance when they are selling to enter the trade and place there stop outside of this level. When entering trades many successful traders will also look for trades which have few if any levels of support/resistance in the direction they are trading, but several levels of support/resistance in the direction in which they are placing their stop. Chart example: As we have also learned in previous lessons, one of the key reason's why traders favor or recognize certain chart patterns is because they often times signal what is next to come in the market. What is often overlooked however about almost all of the most popular chart patterns, but perhaps just as important, is their ability to point out potential places where you want to place your protective stop loss. As you can see from the below chart the head and shoulders pattern is a perfect example of this. By entering the trade on a break of the neckline and placing the stop just above the right shoulder of the pattern traders ensure that there are at minimum two resistance levels in between their entry price and their stop level if not more. Chart Example For patterns such as the triangle pattern which do not already incorporate this multiple support/resistance levels between your entry and your stop concept, it is often wise to find entry opportunities which provide these additional levels naturally in addition to the setup when looking at the chart pattern in isolation: That's our lesson for today. In tomorrow's lesson we are going to look at another way traders use to set their stops: Indicator based stops so we hope to see you in that lesson. As always if you have any questions or comments please leave them in the comments section below so we can all learn to trade together, and have a great day! (less)

Views: 37
Comments: 0
Duration: 05:11

Working From Home
Produced By: moneytalks on 11 Nov 2007
Tags: home work business job (more...)
Description: The idea of working at home certainly (more...)

Views: 37
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Duration: 01:30

34. Why Most Traders Lose Money and The Solution
Produced By: InformedTrades on 03 Jan 2008
Tags: howto trade moneymanagement loosingmoney (more...)
Description: http://www.informedtrades.com/ A (more...) lesson on the importance of money management in trading and how most traders of the stock, futures, and forex markets ignore money management because they do not consider it important and therefore loose money trading. Why the Majority of Traders Fail In our last lesson we finished up our series on Candlestick Chart Patterns with a look at the Inverted Hammer and the Shooting Star Candlestick Chart Patterns. In today's lesson we are going to start a new series on money management, the most important concept in trading and the reason why most traders fail. Over the last several years working in financial services I have watched hundreds if not thousands of traders trade, and over and over again I see smart people who have been intelligent enough to accumulate large sums of money in their non trading careers open a trading account and loose huge sums of money making what you would think are easily avoidable mistakes that one would think even the dumbest traders would avoid. Those same traders are the ones that consider themselves too good or smart to make the same mistakes that so many others make, and that will skip over this section to get to what they feel is the 'real meat' of trading, strategies for picking entry points. What these traders and so many others fail to realize is that what separates the winners from the losers in trading is not how good someone is at picking their entry points, but how well they factor in what they are going to do after they are in a trade into their trade entries and how well they stick to their trade management plan once they are in the trade. For the few who do get that money management is far and away the most important aspect of trading, the large majority of these people don't understand the large role that psychology plays in money management or consider themselves above having to work on channeling their emotions correctly when trading. So in this series of lessons we are going to first start with a look at the psychology of money management and the role that this plays in causing so many traders to loose their shirts and then move on to ways of managing this before finishing up with specific strategies for managing trades once you are in them. While not the most exciting part of trading, I assure you that if you don't understand and work on the concepts presented in this section you are pretty much doomed to failure as a trader no matter how well you understand the other aspects of trading. Having said this I also assure you that if you do understand and work to expand your knowledge of the concepts presented in this series you will be well on your way to becoming a successful trader. (less)

Views: 36
Comments: 0
Duration: 03:00

Creating Wealth

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