Becoming a Full Time Trader: Are You Ready? Part 2

This past Sunday, Norman gave us Part 1 of "Becoming a Full Time Trader" and many of you enjoyed it, and helped with other Trader's Blog readers' comments, questions, and needs. We hope you'll enjoy Part 2 of Norman's series just as much. He as also just recorded a few 3 minute audio nuggets about trading discipline, which you can check out here.

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Consider the following: if a trader is successful 65% of the time with an average profit of 6% per trade and losing trades are stopped out at 5% loss, then over 100 trades, there would be a cumulative annualized gain of over 26%. Real dollars would, of course, depend on the value of each trade. Another way to look at
it is if a trader averages just a 3% profit margin each month that translates into an annualized 36%.

Here's the big kicker...

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The Technology That Will Replace 148 Billion Barrels of Oil

As much as we talk oil here, I wanted to bring in an outside source to give you some insight into what he thinks is the replacement (potentially) of oil, and what might be a great play for you very soon. That expert is Horacio Marquez, Editor of the Money Map Report. Please enjoy the article, comment below, and check out Horacio's site for more info!
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Most investors didn’t notice when, in September 2008, Warren Buffet paid $230 million for a 10% stake in Hong Kong-based battery maker BYD Co. Ltd. (HKSE:1211.HK).

Now, of course, we all wish we’d been paying attention…

In the 18 months since, BYD share price has increased by upwards of 900%, from $8.01 before the announcement to $75.05 today. And the value of the investing icon’s portion of shares increased to $2 billion.

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Becoming a Full Time Trader (an Introduction)

Many of you know about Norman Hallett from TheDisciplinedTrader.com, and if you don't you should! Today I've asked Norman to bring us some of his wisdom and insight when it comes to being a full time trader. Norman's been a full time trader, then managed a room of full time traders, so he knows what it takes to be one...and be a successful one! Please enjoy his article today and visit TheDisciplinedTrader.com for a special free copy of his book "Taming Risk", enjoy the article.

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People fantasize about what it must be like to be a full-time trader. The picture is of a relaxed person sitting in a lounge chair on the foredeck of an expensive yacht docked in Newport Beach or somewhere in the Mediterranean. Armed with a laptop, a cell phone and a large pitcher of rum and chilled grapefruit, the trader (who looks remarkably like a buffed version of you) scans a graph that pops up on the screen. The trader then activates the cell phone and places an order. The cell phone is snapped shut followed by the laptop. The trader stands up, stretches and dives off the side of the yacht into clear warm water. Come to think of it, the yacht is in anchored in a beautiful inlet off Tortola. The water is warmer there.

The implications are clear: easy money, independence and unlimited wealth.

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The Best Time to Invest in the Stock Market

Today I'd like everyone to welcome Alexander Green Investment Director of The Oxford Club. Alexander has some pretty interesting insights on the best time to invest, or not invest, in the market - after all, he's got 25 years of experience with this stuff! So please take time and read the article, comment below, and to get more of Alexander Green visit The Oxford Club.

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There are lots of theories about how to predict future stock market performance. Most of them are the sheerest nonsense. There is, in fact, only one indicator that virtually guarantees you will be on the right side of the market.

But first, let's look at the most popular source of misconceived market predictions: Data Mining...
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