FUTURES TRADING ENTERS A NEW ERA.... AN HONEST MAN ENTERS THE ROOM
My web site is launched, and here is just a small capture of the home page top portion.
THE LINK TO THE TRADING WEB SITE IS TO THE RIGHT HERE UNTIL I CAN MAKE IT BETTER
I want to take some time here to cover what this is and what it is not.
This is designed to be a basic site that talks a little bit about me and my partner and fellow trader Michael Poissant. It will detail the services we are offering right now. Many of you may not know Michael, but I can assure you he is one of the best traders that I know. I would not have chosen him as a partner if he were not. We work together developing strategies, and have very similar approaches to trading.
Initially I wanted to get this launched to make it easy for those looking for a Pay Pal option for the Bond System. However, the bigger picture for me in this is to get back into writing a newsletter each month. I made the price $125 per year, which is very inexpensive, probably far too cheap. I did this to make it appeal to a wide audience. What you will find is that there is going to be an abundance of information in this publication. It may leave people wondering why I am revealing so much of what I do?
If you produce anything that someone else pays for, no matter what the price, it better be your best damn effort. I have been surfing the web in recent months, and there is so much hype involved in selling financial products. I will be using some of my successes to advertise, but I will not a running Vegas add with flashing lights. I will under no circumstances ever over promise anything. Having seen that last postcard from a newsletter writer with the revisionist history on it, I was just disgusted. I pledged to myself to never do that EVER. I did email that person, and of course got the standard BS response. He is a phony let's just call him what he is. Ironically he has a long standing publication with a pretty good following. Go figure!
The goal for me is to help people who are struggling to find their way trading, and to do it in a way that is inexpensive. I will certainly not get rich off $125 per year, but it will cover my expenses and time to do it. I had someone tell me the other day about a seminar they were paying over $7000 to go to. I sure hope he becomes a very good trader after paying that amount of money. The truth is, you are going to have to pay something to learn from anyone worth learning from. At the same time it should not be so expensive, that it leaves you with no money left to start trading. I will go through in a comprehensive fashion, what I have learned over the years. I will give each month a view of the coming month in the markets and where I see opportunities. We will have special alerts within the month when conditions dictating immediate action arise. I will also cover specific trading techniques you can use to trade with. The purpose of a newsletter in my view is to get you thinking. You need to think about what you need to do differently to succeed. In some cases it may be just refining what you are doing. In other cases it may be that you need to change quite a few things. Over the years I have gotten some good ideas from newsletters I have read. Please go to the site directly to get more in depth information. As time goes by we will build a library of past issues that will be available for a reasonable price.
I will continue to do this blog every day in the same fashion I have been doing it. My hope is that a big community can develop here where a good exchange of ideas becomes common place. This will help everyone, myself included. I have limited this forum too much and that is on me. The PFG situation has forced me to do what I should have been doing all along. I had gotten too selfish and too isolated. I had reasoned that I just did not want to deal with all of the stuff that goes on that I did not like. The false advertising is one of these things I just did not want to deal with. I did not want to be associated with that type of thing. If you are not careful you can isolate yourself too much when you are a trader. Most of your friends probably don't have any idea what you do or why you do it. I have very few friends that have any idea what being a trader is really all about.
We are taking a risk here in showing live results in a trading system, and allowing it to be traded by subscribers. This Bond System is the best system Michael and I have. If for some reason having a lot of others use it diminishes it's returns, that will cost us a lot more than the amount of money we are making allowing access to it. It is for that reason we are limiting the number of subscribers to it at a certain level. Once that level is reached, we will form a waiting list. I have raised the price of the Bond System to $75 per month. For those who are already in, you are grandfathered in at the original price of $60. This is your reward for trusting in me from the outset. Since the system is ahead over $4000 in the less than two months I have been sending out the signals, this is still a very good deal.
You will also see a Swing Trading service. This is basically how I trade most of the time. The Soybean trade I showed last week is an example of what will be in there. Read about that approach on the web site, it is $100 per month. The first newsletter will go out the first of October, and we will be off and running.
Here are my two guarantees for the services, one will shock you.
1) I guarantee you will get the best Michael and I have to offer. I think anyone who has been reading here for any amount of time would expect that.
2) I guarantee there will be losing trades!
If you think about the second statement, it will make sense. Nobody can guarantee anything in this business, and people get themselves in trouble over-hyping things. I know in my own trading I have losses. Even during my very best runs, I still have some losses. Last week I made 7 trades, 6 were wins and one was a loss. The chart of those trades would not show picking every high and low like so many people do. I ground out a profit with a few good trades, a few marginal ones, and one bad one. What gets lost in this business, is how similar it is in many ways to other businesses. You have to find the correct thing to do. You have to hone that skill. You have to keep working hard at it.
If you choose to follow any of the services, thank you. I think you will be pleased with what you get.
The website due to the PFG wipeout, is a result of yours truly doing it solely on his own. It is not going to win an award for beauty, design, or functionality. It will improve over time as the resources come in. I should be getting some money back from PFG in a month or so, which will be a get out of jail card. I cannot tell readers how dramatically my life was changed by that. What often gets lost in all of these financial fraud cases is the human toll on the victims. I am more fortunate than many because I had some money elsewhere. If I had not been in that situation my life would have literally been destroyed by this. I am past it now emotionally, but financially I do not have the resources to launch a site completely like I would want it to be. I will build and improve it as I move forward. One thing that makes the timing of this somewhat unique, is that through a crime I have been knocked down to where many readers are. We can have at this together going forward, and see what we can get accomplished. It should be fun.
I can assure you the products that come will be the best I have to offer. If you have questions or comments please send them to the contact addresses on the site.
Here is one market I find interesting here, CRUDE OIL.
In general I am looking at the short side of this market. We have had a trend break as you can see, and it comes at a time with a bearish COT picture. However, you can see the COT Synthetic is in the buy zone. We also potentially have a higher short term low Monday, if on Tuesday we were to take out Monday's high. This might be good for a quickie up into where the red arrows are, which could set up a better short entry. This is just a possibility, we never now what will happen. Tomorrow is an ideal day for a short term top to be made in the Presidential Cycle for stocks. If that turns out to be accurate, I doubt we will see a Crude rally.
The Presidential cycle shows just a small dip from this short term top into a late October low, that should launch a good sized rally. We don't know yet if we will dip, our Euro based model does not indicate any dip at all here. I just wanted to point out that Crude is not a layup short right at this very moment, even though the trend has broken on a near term basis. Many of my short term signals are buys for tomorrow, so we will have to see what happens. They are above where the prices are as I go to press here, so none of them are filled yet.
I apologize for the scattered thoughts, it has been a very long day.
Thanks for reading