Make Money Fast – The Secret Of Catching the Huge Trends & Profits
If you want to make money fast trading you need to catch the big trends and hold them. Most traders fail to catch the moves and if they do, they then fail to make the most of them. Follow the advice here and you can catch the big trends and make triple digit gains. 1. Understand the long term Making money fast is all about taking and holding the long term trend. This means focusing on the trends that last for months or even years. Forget, trying to get small size moves or day trading, you will never cover your losses let alone make a profit! It’s the big trends you need and they give big profits. PERIOD. Check any currency or commodity chart and you will see them, now its time to catch them. 2. Buy High Most traders like to be in at the start of a trend, but most big moves start from market highs. As most traders like to buy “low and sell high” they never get in on the trend, they wait for a pullback that never comes. Check any chart and you will see that the major moves occur from new market highs. It’s hard to do this (and that’s why traders don’t) as you miss the first bit of profit. This is not a worry however, as you cannot predict a market turn, it’s best to get in on the market and make big profits when it breaks out. So you missed some? That doesn’t matter though if the trend piles up triple digit gains! Picking tops and bottoms is impossible, don’t try and predict the move wait for confirmation and follow it. Don’t forget that a trend in motion is more likely to continue than reverse, so buying new highs is very lucrative. 3. Learn to accept huge gains Most traders can’t do this, but it is the only way to make money fast. Most traders get so excited they have a profit; they can’t contain themselves and take it, even if it’s small. They fear losing it, or even worse it turning into a loss. The bigger the profit the more tempted they are to take it. As the market has normal small dips, they panic and then bank the profit and then see pile up huge gains. To make money fast, you need the guts to hold the trend LONG TERM and below we will show you ways to make this easier for you. 4. Don’t move stops too quickly If you trade a breakout to new market highs, the trend normally will accelerate quickly away from the breakout. If this happens, put stop below breakout and don’t move it too quickly. Keep in your head that you need to allow the trade room to breathe and market to correct. Moving stops too quickly, is major reason traders get bumped out of a trend early, so don’t do it. Wait until you have a great profit and then insure it for peace of mind 5. Use covered write position These involves going long a future and short a call option (with short time to expiry) in bull market and doing the reverse in a bear market. This is an insurance policy The covered write will benefit from the futures position going your way and time decay on the option. You therefore gain protection and can use a wider stop on your futures position as you can keep it far enough back not to stopped out by normal volatility against the prevailing trend. 6. Trade infrequently The big moves only come a few times a year so only focus on trades that if they breakout are likely to attract serious buying or selling. In a breakout keep in mind the following: 1. The more times a breakout point is tested the more valid it is
2. The longer the time period this support or resistance has held the more valid it is The big moves come only a few times a year so only trade SIGNIFICANT support or resistance breakouts Making money fast by holding long term trends sounds easy, but it is not. You need the right mindset to hold on for the long term and the discipline not to be distracted by short term swings in equity. However if you follow the above advice you could soon be making triple digit gains from the big trends that make the big profits. Accept the above and alter your mindset think long term trends and big profits!
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