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Courtney Smith
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How did you answer that question? How you answered that question will determine your financial life. Go on, ask yourself that question again. Be truthful. Dig deep to find the answer. Nearly everyone feels that they don't deserve to be rich. They feel deep down that there is something inside them that is defective. They feel that they aren't fully formed. They feel that they are small inside. They are afraid that people will finally realize that they are a fraud on some level. Is that the psychology of a rich person? So many of us are still children deep... Continue reading
Posted yesterday at Traders' Library Blog
The major reason why people don’t get rich is their own mind. They’ve been trained to not be rich. I’ve put together two things to help you overcome that and become truly rich. Rich in money and rich in spirit. The first is my amazing course The Psychology of Massive Wealth. This is an online course where you receive training every single week for months so that you can truly understand and actualize the content without getting overwhelmed. The second is that I have put together a live weekend seminar with Adam Markel, truly one of the masters of a... Continue reading
Posted 2 days ago at Traders' Library Blog
I believe that trading is a business and should be treated as one. One of the keys to your trading success is understanding that your techniques are assets of your trading business. Our trading business has really just three assets: 1. Money 2. Our brains 3. Our techniques So our techniques are one of our key assets. A profitable technique is like a business with a successful line of shoes. That line of shoes should continue to make us money for years. Yet most people take that incredible asset and trash it. They don’t follow the rules. They don’t trade... Continue reading
Posted 4 days ago at Traders' Library Blog
I use a group of powerful techniques for short term trading of stocks. I find them to be very powerful so I use them just about every day. It is a great series of techniques if you want to make a living as a trader or make a nice second income. This group of techniques are called Mean Reversion. What does it mean? It simply means that the price of a stock will go back to its average. Let me give you an example that happened to me last week. The chart show FXI which is an ETF which mimics... Continue reading
Posted 5 days ago at Traders' Library Blog
Not much. You need a brokerage account but they are free. You need a computer. But that computer doesn’t need to be very sophisticated. I often trade on computers that are years old. The computer I am typing this on is almost four years old and it is my main computer. In fact, you can trade on your phone or tablet so you don’t even need a computer anymore! You need an internet connection. I like a fast connection but you don’t really need one. You need a stable connection that doesn’t cut you off all the time. I’ve traded... Continue reading
Posted 7 days ago at Traders' Library Blog
There is a potential massive rally in gold coming up. The potential is so huge that I wanted to share it with you right away. I co-wrote my first book in 1980 on seasonal price tendencies. Seasonals are repetitive price patterns that occur at the same time every year. We are now coming up to the most important time of the year for gold. Prices rally about 90% of the time in August! Take look at the chart. The blue line shows what the price of gold has done so far this year. The black line shows the expected seasonal... Continue reading
Posted Jul 7, 2017 at Traders' Library Blog
I did a special webinar a while ago where I taught and demonstrated how to predict the stock market one year in advance. I also showed how to predict market crashes one year in advance! This recorded webinar is absolute free and you can watch it by clicking here now. It really is remarkable training! I reveal all the rules and insights so you don’t need me anymore. All the tools to do it are free. So click here to view it! Continue reading
Posted Jun 29, 2017 at Traders' Library Blog
Focus is one of the most important part of trading and life. You need to be able to focus or you won’t get anything done. I teach that people, other than day traders, should only spend 15 minutes a day on their trading. Why? Because they can focus for that long and not much longer. I’ll write more about that later. Another way to focus is to create a tight schedule and then stick to it. I’m going to propose that you create a 30 Day Challenge for your trading. Sit down right now and get ready to take some... Continue reading
Posted Jun 20, 2017 at Traders' Library Blog
Do you worry? Do you wake up in the middle of the night sweating? Does fear control you? Does it stop you from making money as a trader? Are your fears controlling you? One of the best ways to control fear is to confront it. We are only afraid of the unknown. So one technique for conquering fear is to look it in the face. #1. You’ll Die OK, just joking. I’ve never seen a medical examiner declare a person dead through an overdose of trading! But I’m putting it in this list to make the point that the most... Continue reading
Posted Jun 20, 2017 at Traders' Library Blog
Amazon announced today that they are buying Whole Foods (otherwise known as Whole Paychecks). This is powerful for several perspectives. Amazon is moving more and more into the real world. I’m in Beverly Hills right now. I can order from Amazon and two local grocery chains and have the food or products delivered to me in less than two hours! Now I’ll be able to have my Whole Foods delivered to me as quickly. In addition, AMZN has been opening bookstores over the last year to experiment with different business models from traditional book stores. What this also means is... Continue reading
Posted Jun 16, 2017 at Traders' Library Blog
Please check out today's educational video. "The Most Important Webpages For Trading" Click here! Continue reading
Posted Jun 14, 2017 at Traders' Library Blog
Friday’s tech savaging continues today. The NASDAQ has already dropped almost 5% from high to low in just two days. The size of the move on Friday combined with the heavy volume suggest that this is a major high for the index. We are seeing other sectors, such as consumer staples and utilities rallying sharply as investors move from tech to safe havens. I liquidated nearly all my tech position by Monday and will wait until I think of investing in this sector soon from a position perspective. But, as a swing trader, I’ll be buying Facebook (FB) if it... Continue reading
Posted Jun 12, 2017 at Traders' Library Blog
He called me in a panic. “I’m in a position and it is going against me badly!” I asked him where his stop loss order was. He told me he didn’t have one. He told me that he was so confident in the trade that he never considered that it would go against him. Now, his mind is blown. He can’t think straight. His emotions have taken over. He was sweating hard. His heart was beating hard. I asked him what his plan was when he entered. He said his plan was to take profits at a level which was... Continue reading
Posted Jun 10, 2017 at Traders' Library Blog
Should you go cold turkey and jump into being a pro trader? Or should you keep your job until you are profitable and then quit? In other words, should you keep a safety net under you before you quit. I’ve done both. I’ve been pretty poor with a wife and kid to support and did it as a trader. But I was running scared all the time! It was not a pleasant experience! I don’t recommend it! But, at the same time, I had to be really committed to success. I had burned my bridges and was forced to execute... Continue reading
Posted Jun 9, 2017 at Traders' Library Blog
Have You Ever Thought About Quitting Your Job? Sure you have. I have gone around the world and asked a simple question: Are you overpaid? I’ve probably asked that question to 10,000 people. I’ve only had one person answer yes. That means that 9999 people were working for less pay than they deserve. You are probably in that group. I often think about what it is like to work at a job where you are underpaid. What does it do to your psyche and self -esteem? What does it do to you when you constantly feel under-appreciated? I think it... Continue reading
Posted Jun 7, 2017 at Traders' Library Blog
Ford just announced a change in CEO to a guy who did a turnaround in a smaller company in a different industry. But, at Ford, he was in charge of their self driving car division. I get nervous when companies look trendy when they are not. Let’s take a look at some of the facts. For more go to CourtneySmith.com/time-to-sell-ford/ Continue reading
Posted Jun 6, 2017 at Traders' Library Blog
Look for NatGas to plunge! Here’s why: Inventories are higher than normal at this time of year. Seasonals are bearish for the next several months. Technicals are breaking down and our Purple Predictor is also plunging. To see the charts please go to CourtneySmith.com//nat-gas-will-plunge/ You can trade this in futures or stocks. I’m getting in right now! Want to keep up with this trade? Want me to guide you on how to make money on this trade? For more information! Go to http://bit.ly/Trade-Smith *********************************************************************** Stunning NEW Weekly Video Newsletter! Each week, Courtney Smith reveals to you what is really going... Continue reading
Posted Jun 1, 2017 at Traders' Library Blog
My Worst Trade. I was really bullish on the US dollar. I had done all my usually homework. Deep fundamental analysis. Sophisticated technical analysis. I had a plan that was dynamite! How could it go wrong? Famous last words. I was sitting and staring at the screen waiting for a big news item. Tick tick tick. I stare at the screen waiting for the news to come out so I can count my big big winnings. Finally! The news flashes across the ticker! OMG! It is strongly different from what I expected! The gaps hundreds of pips in the wrong... Continue reading
Posted May 10, 2017 at Traders' Library Blog
CourtneySmith.com/Live-webinar-to-attain-financial-freedom/ Tonight at 6pm Pacific Time. Continue reading
Posted May 8, 2017 at Traders' Library Blog
I’m bearish on the market for the short run. (Check out my latest Free TradeSmith at http://courtneysmith.com for my latest analysis.) So how can we make money? Bear markets are bad for exchanges like the NYSE. Volume goes down (unless there is a capitulation bottom). People get depressed. So I’m short term bearish on the CME Group. You can short the stock or buy puts on it. Be sure to have a protective stop if you sell the stock Continue reading
Posted Mar 28, 2017 at Traders' Library Blog
Free video training, I show you the elements of Holistic Trading and how you can make money trading with these concepts. I show you specific techniques from the Holistic Trading arsenal. Take them and make money with them! CourtneySmith.com/Second-part-of-your-Training/ Holistic Trading is a way of investing that takes a 360 degree look at the market so you get a very deep understanding of the current market. Very little will surprise you. You will feel a sense of ease as you will know what's going to happen before it happens. You will understand who is controlling the market and how to... Continue reading
Posted Mar 15, 2017 at Traders' Library Blog
Why The Chinese Yuan Will Rally Donald Trump is now president and has constantly harped on China and Mexico as the bogey man in international trade. He believes that they are preying on the American people and businesses. In particular, he wants to brand the Chinese as currency manipulators and put on economic sanctions against them. This would likely take the form of much higher tariffs against Chinese goods coming into the US. His basic complaint is that the Chinese have manipulated their currency lower in an effort to lower the price of Chinese goods. This would then make Chinese... Continue reading
Posted Nov 10, 2016 at Traders' Library Blog
For the first time in over 100 years, we will have two candidates who are not in favor of free trade. Both Hillary and the Donald believe that other countries are taking advantage of the US. They both want to through up high tariffs and duties. The Donald will renegotiate with everyone and, of course, it will be beautiful and great after he is through negotiating. Hillary will just hit a giant reset button. Oh wait, that didn’t work in Russia. This is hurting the stock market right now. The market believes that free trade is good for the global... Continue reading
Posted Oct 20, 2016 at Traders' Library Blog