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Courtney Smith
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Here is a note I got from a student: "Started trading Options in Sept with $7500, was making good money in BA and LMT, so I dumped my Risk Mng, and bought 5 contracts for each. Account rocketed to $14,000, then, got my ass handed to me and fell off to $5300 !!! Haaaaa, Ouccchh, then as you advised, I put my "Pro Hat" on and started to watch my Risk Mangement like a PRO, now at $9003!!! Thanks for helping me get my mind right, appreciate you Courtney." Bob raises some great points. First, he starts to get a... Continue reading
Posted Jan 11, 2018 at Traders' Library Blog
I’ve done both and made money doing both. Here’s how I see the fight. Day traders are those that buy and sell a stock, futures, options, or forex and liquidate before the day ends. Swing traders will likely hold the position 1-5 days. Day traders will talk about how they close out all their positions at the end of the day so they don’t have any risk overnight. Swing traders will retort that they do take more risk overnight but they will also often be making money over night. Making money while they sleep! Swing traders will talk about how... Continue reading
Posted Jan 9, 2018 at Traders' Library Blog
Imagine the sun waking you up. No alarm clock! You throw back the blinds on your ocean-side condo. Another beautiful day. This is the life of a pro trader. This can be your life. Actually, the reality of nearly total freedom was disconcerting when I first did it. I had already retired twice but the third time was actually hard to do! I had been working 16 hours a day for over 20 years. All of a sudden, I had nothing to do. I was a little dizzy and unfocused. I think the same thing happens to people who retire... Continue reading
Posted Nov 11, 2017 at Traders' Library Blog
I love getting letters like this. They really are the reason I do this! Hey Courtney, You have officially blown my mind! Yesterday’s sessions of the 2-Day Income Course were eye-opening to say the least. I’ve been trading options exclusively since May. I dug myself a hole, but have steadily been filling it back in during the month of October—after becoming an OU PhD student in the middle of the summer. I thought my returns were a little insane (ie, 30% ROI in one day on October 27); but, I figured I could “probably make it” as a professional options... Continue reading
Posted Nov 8, 2017 at Traders' Library Blog
Dear fellow trader, I’ve put together a free mind map showing what you need to do to be a profitable trader. You should print it out and put next to your computer. I think it will enhance your profits! Click Here It’s free. Continue reading
Posted Nov 3, 2017 at Traders' Library Blog
I want to give you $3997 off high level training that can create a great life for you and your family and get you on track for retirement. I’ve put together a short video to explain it. Click here to view. This promotion is part of an experiment. You can view the video for free by clicking here now. Thanks! Good trading, Courtney P.S. This is an experiment so we may end it any second now! Check it out here. Continue reading
Posted Oct 31, 2017 at Traders' Library Blog
Famous gooroos are calling for a dramatic plunge in the stock market: - Andrew Smithers says, “US stocks are now about 80% overvalued.” - David Stockman: “a gigantic, horrendous storm,” is not far away. - Jim Rogers: the greatest crash of our lifetime will happen “later this year or next.” “A $68 trillion ‘Biblical’ collapse is poised to wipe out millions of Americans.” - Marc Faber says he sees a plummet of 40% or more and “it will end very badly, extremely badly.” “Investors are on the Titanic.” Stocks are about to “endure a gut wrenching drop that would rival... Continue reading
Posted Oct 31, 2017 at Traders' Library Blog
I was with a friend this morning. Bright and early. My friend was screaming at his computer. He was losing big money on a trade, over $20,000. “I can’t believe its going down! They just reported great earnings!,” he exclaimed. The price moved lower. “I’m hoping it bounces!” “Sell it,” I said calmly. “But it should bounce here!” “Get out now. Clear your mind. You can always get back in after a minute. But your will have a clear mind. Right now, your mind is blown. You have no objectivity or discipline.” I explained. he was extremely agitated and kept... Continue reading
Posted Oct 30, 2017 at Traders' Library Blog
The flippant answer is anywhere your little heart desires. Which is almost true! But let’s be a bit more realistic. First, you need to have an OK internet connection. It doesn’t have to be great but it needs to be OK. I’d say it needs to be over 1 MPS but preferably 5 mps or higher. Most broker platforms and charting packages don’t require much bandwidth to work. Heck, nearly all brokers have phone apps that you can trade on! My preference is to have the fastest speed possible but you don’t require it. Occasionally, I will go to a... Continue reading
Posted Oct 28, 2017 at Traders' Library Blog
We are pleased to announce a brand new course to help you create a first or second income in trading. It’s called 2 Day Income. I will be teaching ONLY high reliable techniques for making consistent money from the markets. You don’t need to be a millionaire to retire. You need the income of a millionaire. This course is designed to give you that income. You don’t need a lot of money to start. Perhaps $1-2000 only. So this course can help just about anyone. You can sign up by clicking here. I’ll show you how to use stocks and... Continue reading
Posted Oct 24, 2017 at Traders' Library Blog
I was doing one of my webinars and I got this question: “ I owned a call and the price of the stock went up but my option price went down! I hate options!” I get this question all the time. Here’s the problem that so many option traders do and cause pain and losing money: They don’t understand what makes options move! There are many great reasons to trade options, I gave some a couple of days ago. (You can read it here.) So I am a big fan of options. I actually like them more than stocks! So... Continue reading
Posted Sep 19, 2017 at Traders' Library Blog
I’m on a date. Attractive lady. Thai restaurant. The meal is over. Being an American Thai restaurant, they bring fortune cookies at the end. I never eat them or crack them open but the lady insisted I see what my fortune was. So I ripped open the package and cracked open the cookie. I gently pulled out the small slip of paper and spread it flat on the table. It said, “Consider gain and loss, but never be greedy and everything will be all right.” I thought that was awesome! Doesn’t that sum up trading? ------------------------- The best place to... Continue reading
Posted Aug 8, 2017 at Traders' Library Blog
Imagine the stock market plunging. You look at your brokerage account online and you get sick to your stomach watching the red number get larger. You are frozen. You hate the market going lower but you hope it will turn around soon. You’d hate to sell your positions and take a loss. You’d hate to sell your positions and then watch the market skyrocket. That would be terrible! But you don’t have to suffer at all! There are things you can do right now to protect yourself against such a problem. I’m holding a FREE webinar next Monday at 11... Continue reading
Posted Aug 4, 2017 at Traders' Library Blog
I’m looking for the stock market to drop soon. Here’s why in a nutshell: 1. Seasonally, September is the worst month and August is no prize. 2. We haven’t had a 5% correction in over a year. That is an extraordinary stat. The market normally has at least one 10% correction each year. 3. The market is complacent. Volatility is very low. People are falling asleep. Of course, that means that the market is about to become more volatile and I think the volatility will be to the downside. 4. Sentiment is very very bullish. Surveys show that market participants... Continue reading
Posted Aug 3, 2017 at Traders' Library Blog
Gold has probably already started a massive rally that can make fortunes for those prepared to take advantage of it. Several key factors are lining up to create an incredible opportunity. I am broadcasting a free live webinar on July 31 at 5 pm PT. Click here to register. I will lay out the deep fundamental reasons why this will be the biggest rally of the year. I will show you the current technical situation so you will understand the current pressures in the market. I will give you my personal trading plan and I will hopefully making money in... Continue reading
Posted Jul 29, 2017 at Traders' Library Blog
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 Jul 21, 2017 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 Jul 20, 2017 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 Jul 18, 2017 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 Jul 17, 2017 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 Jul 15, 2017 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