Traders' Library Blog

The Financial Crisis of 2008 Devastated Millions. Were You One Of Them?

The Financial Crisis of 2008 was devastating.

The stock market dropped 50%. Your retirement plan was devastated.

The housing market suffered the biggest bear market since the Dirty Thirties. Many people, you?, lost their house. Everybody suffered.

Companies went bankrupt. Many people, you?, lost their jobs.

Banks were shaken. Many went bankrupt.

What I just wrote is all true but doesn't really tell the story.

The real story is the real suffering that tens of millions of people went through.

A friend of mine worked for many years in a construction company. He had built a nice life for himself and his family. They had just moved up to a kinda fancy house with a big pool in the backyard that his kids loved to play in when the summer heat hit.

Sure they were financially stretched a bit, but, hey, who isn't? But they still had money for a nice vacation and going out to restaurants.

But then, in early 2008, the Crisis hit. He lost his job. He did have much savings because they just put all their savings into the down payment on the house.

The housing market starting moving briskly lower. His mortgage went underwater. He started getting calls from the bank about his payments. They were getting further and further behind on them.

Then he lost his job.

I can't imagine what it must have been like to go home that day and have to tell his wife that he was out of a job. I just can't imagine how painful that must have been. I can't imagine what his wife said and what was the expression on her face. I can't imagine.

His 401(k) is getting hammered while all this is going on.

He was not protected from the Financial Crisis. He did not protect his family...

You can read my deeper analysis of why this happened in my Special Report Financial Crisis 2019. Download it free by clicking here now.

You probably know someone like my friend. Maybe you are similar to him.

Don't you owe it to yourself and your family to protect them from a potential crisis? Good grief, isn't that about the most important thing you can do in your life?

You need to download Financial Crisis 2019 right now by clicking here.

I hate to be the bringer of bad news. But I want to protect you. I can't force you to protect yourself and your family. I can only alert you to what I believe is happening.

Good trading,

Courtney Smith

The Most Important Step In Your Trading

 

I’ve taught thousands and thousands of people how to make money trading. Yet a big percentage never actually trade. They take the time and spend the money to come to my class and then never do anything.

 

This drives me nuts. I know that they will make money if they follow the Rules I teach. But they don’t.

 

So think about it. Let’s say they would make just $10,000 per year for the rest of their life. Let’s say they live 40 more years. That’s $400,000 they will never see! And that doesn’t count any compounding!

 

Lack of confidence is the usual reason. How can you overcome that? Here are two ways.

 

 

Get An Accountability Partner

 

Find another trader, preferably from one of my classes so you have the same knowledge. Get together at least once a week. Go over trades. Go over your emotions. Urge each other to keep going and follow the Rules.

 

 

Get A Mentor

 

A mentor is even better because it will dramatically increase the time to profitability. A mentor can provide a number of very high values:

 

1. Encouragement

2. Focus

3. Knowledge

4. Nuance

5. Guidance

 

 

Options University has just relaunched their mentorship programs and they are amazingly powerful. Click here for info.

 

Courtney Smith
Options University
Support@OptionsUniversity.com
OptionsUniversity.com

 

 

Is The Bear Market Over? Or Was That A Dead Cat Bounce?

 

 

Hello Trader,

 

The market rallied sharply yesterday. Was that the end of the bear market?

 

I don’t think so. Instead, I think it is what is called a dead cat bounce. Let’s break it down.

 

Note how the market was accelerating to the downside as we went through the week of December 17.  It culminated with a sharp down day on Friday on extremely high volume. This was followed on Monday with another sharp down day but on small volume. (Of course volume was light on Monday because it was the day before Christmas.)

 

I believe that Friday/Monday was what is called a capitulation bottom. That is formed when the bulls capitulate and give up being bullish. That is actually bullish because it means there are no more people left to sell.

 

But does that mean the bear market is over? No.

 

It simply means that we are going to rally over the near term. I would look for a rally back up to as high as 2600 on the S&P. At that point I will assume the bear market will resume.

 

But, conditions are very unsettled. The best thing is to subscriber to Wall Street Winners so you can get my official opinion plus killer trade ideas.

 

Click here to learn more.  or go to http://courtneysmith.com/is-the-bear-market-over-or-was-that-a-dead-cat-bounce

 

Thanks!

 

Good trading,

Courtney Smith

 

 

Wealthbuilder LLC

888.464.8666

 

 

Trading Profit Mind Map - FREE

I see traders flip flopping around like a fish on land

It is much easier to get somewhere if you have a map.

 

Wandering aimlessly. Flip flopping.

 

That describes many traders, particularly new traders. They get attracted to trading because they think they can make a lot of money (which they can!). But they don’t have a map to get from here to there.

 

I’ve put together a map for you!

 

This mind map is free and you can get it by clicking Here.

 

Don’t keep flip flopping! Go directly to profits!

 

Click Here to get the free Profits Mind Map.

 

Thanks!

 

Good trading,

Courtney

 It’s free.

How To Profit From The Rest Of 2018!

Want to make money in the stock market in 2018?

 

Want to know exactly what is going to happen for the rest of the year?

 

Want to know if the stock market will crash this year?

 

Want to know how to profit in the coming six months?

 

Then you need to watch a free webinar by legendary trader, Courtney Smith, where he: 

 

• Reveals his advanced techniques for predicting the stock market 
• Shows you exactly what is going to happen this year
• Shows you what you need to do to profit and protect yourself

Click here to watch for free.

 

You can’t afford to miss this revealing webinar replay.

 

Here’s the link to watch. Click here

 

The link will expire soon so be sure to watch it now to maximize your profits.

 

Click HERE to watch for free!

I Taught This To 10,000 People. Now It Is Much Better!

I started this company 10 years ago. Over those 10 years I have taught over 10,000 students!

 

I  started with my own course but quickly started working with Peak Potentials and teaching Freedom Trader Intensive. I then upgraded the content and called it Stock Success School.

 

Now, I have taken this course that I have taught to over 10,000 people and taken it to another level.

 

It's now called Stock Financial Freedom System.

 

Why the change? For several reasons.

 

First, it now truly a system.

• I give you clear directions on what to do.
• I give you the moves you need to make to make massive money.
• I show you how to manage the risk
• I give you easy to follow rules
• I give you the software you need to put it into action

 

Most importantly, the techniques for making money are dramatically improved! The old techniques made many people massive money. But these new techniques are even better!

 

Simple, easy, proven…

 

You owe it to yourself and your family to attend our next Stock Financial Freedom System live seminar. Click here to learn more.

 

I have a special offer for you! I am gifting some fully paid scholarships and you may qualify! Simply go here and apply. We'll let you know within 24 hours.

 

It looks like our next date has sold out so we have created another date so you can get a seat. (Ma

 

Isn't it time you got your money working for you rather than you working for money?

 

Isn't it time you got the financial freedom you deserve?

 

Check it out here and apply for the scholarship!

Is This The Crash Of 2018? Urgent Message!

The Dow dropped 666 points. It this the beginning of the Crash of 2018?

No!

Here are two important reasons why not.

There has never been a crash in a bull market ever. In history.

Let me repeat: there has never been a crash in a bull market in history.

Crashes occur at the END of bear markets! Crashes are the final capitulation of the bulls when they finally give up and sell.

The second critical reason is that ll crashes have been preceded by a flat or negative yield curve ONE YEAR IN ADVANCE!

We recently saw the difference between short and long term interest rates get down to about 100 basis points but that is not enough. In addition, that just occurred so that would mean that there would be a crash in one year, not now.

In other words, there are no preconditions that would lead to a crash right now.

Nonetheless, I have created a precise road map about what is going to happen in the next 30 days. I also will be updating that roadmap every week.

Most importantly, I have specific actionable trade recommendations that I think will make massive profits in this sharp downtrend.

I am putting this all in my weekly video newsletter, TradeSmith. Click here to learn more.

I wrote the #1 stock newsletter for five years but then shut it down. I’m back with a new killer newsletter designed to create massive profits in the stock and options market.

You can’t afford to NOT subscribe!

Click here to learn more about this exciting opportunity!

The Dow dropped 666 points. It this the beginning of the Crash of 2018?

No!

Here are two important reasons why not.

There has never been a crash in a bull market ever. In history.

Let me repeat: there has never been a crash in a bull market in history.

Crashes occur at the END of bear markets! Crashes are the final capitulation of the bulls when they finally give up and sell.

The second critical reason is that ll crashes have been preceded by a flat or negative yield curve ONE YEAR IN ADVANCE!

We recently saw the difference between short and long term interest rates get down to about 100 basis points but that is not enough. In addition, that just occurred so that would mean that there would be a crash in one year, not now.

In other words, there are no preconditions that would lead to a crash right now.

Nonetheless, I have created a precise road map about what is going to happen in the next 30 days. I also will be updating that roadmap every week.

Most importantly, I have specific actionable trade recommendations that I think will make massive profits in this sharp downtrend.

I am putting this all in my weekly video newsletter, TradeSmith. Click here to learn more.

I wrote the #1 stock newsletter for five years but then shut it down. I’m back with a new killer newsletter designed to create massive profits in the stock and options market.

You can’t afford to NOT subscribe!

Click here to learn more about this exciting opportunity! 

Please go to http://courtneysmith.com/is-this-the-crash-of-2018-urgent-message/

"Got My Ass Handed To Me”

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 case of the Midas Touch Syndrome. This occurs when you have a run of profits and start thinking you don't have to follow your rules. You just have to touch trades and they make a lot of money. But, of course, it doesn't work that way.

Just because you made some money doesn’t mean you raised your IQ by 100 points!

 

Of course you can make a lot more money if you don't use good risk management but breaking that discipline is nearly always a path to ruin.

 

Bob lived through the storm and was able to recover and put on his Pro Hat! Awesome!

 

It is important for us to always put on our Pro Hat and stop acting like an amateur. Pros make money and amateurs don't. Good for Bob!

I love the fact that Bob was able to raise his account by almost 80% after putting on his Pro Hat. Awesome!

 

I can help you with this! This is a good reason to subscribe to my new Smith’s Stock Swing Trader service. I will guide you through the stock and option markets twice a day! Watch me make a living trading! Click here to register.  

 

Twice a day I put out my action swing trades in stock and options. I’ve been crushing it! You

can learn more by clicking here.

 

 

Good trading,

Tips On Getting The Most From All Your New Leisure Time

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 after a lifetime of working. So let me give you a few tips.

Create stuff to do. For me, I ended up starting to really read the news and learn more about trading, particularly the fundamentals. I developed models and back tested a million ideas.

The advantage of adding this work is that it increased my trading income! Double super whammy!

But you should find something productive to fill your time. It should be productive or else it will actually destroy you. Don’t watch TV all day.

A second tip is to be physically active. Walk everywhere instead of driving. I will decide to go to a movie. But I will walk to a theater that is a couple of miles away rather than one that is close by. I get some exercise, listen to a podcast, and stop and smell the roses.

A third tip is to be yourself. In the final analysis, being a pro trader is all about being who you REALLY are. You no longer have to know tow to a boss or customers. You get to be a good person all day long. You get to really release the incredible power inside you.

Go be that person!!!!

It took me time to really understand all the ramifications of being free when I stopped working for the Man and became an independent pro trader. It took me time to get into the rhythm. It took me time to get into the  true freedom.

We have an amazing course which can really help you get through the psychology of being financially free called Psychology of Massive Wealth. It’s super inexpensive. You can register,

Click here for information!

Don’t leave $3997 unclaimed!

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.

He Started Screaming…

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 looking at his screen and yelling. I kept repeating my advice to get out.

 

I left him screaming at the screen and walked out.

 

Let me give you the back story. He is a very experienced trader with perhaps 20 years of experience but he doesn’t trade very often. He started again about a month ago.

 

He consistently made money. He proudly showed me how he was doing it. I told him I was nervous that he was making so much. I was worried about his risk management.

 

He told me that he just risked a couple of hundred dollars on each trade. He told me got out very quickly if he started to lose money. I felt a lot better after that.

 

But this morning he revealed that he had lost $40,000 yesterday and was down $20,000 today and had big losing days during the last week. He had made about $80,000 in the previous three weeks but was now net down for the month. That is why he was freaking out.

 

One problem was that he was trading to make money to support another business. So he was putting a lot of pressure on himself. I think that pressure caused him to take too big a risk.

 

One of the keys of trading is to keep cool and not put pressure on yourself.

 

Two ways to do this:

1. Trade smaller size. Cut your positions down to the point that you simply don’t care if you if you have a losing trade.

2. Get your psychology straight. This is the ultimate way to really enjoy your trading and to increase your profits. Click here to learn about my course on the Psychology of Massive Wealth. It is the cheapest course in the world compared to what it will do for your psychology about money.

 

Check out my online course, The Psychology of Massive Wealth. I address this issue detail.

 

 

Good trading,

 

Why You Shouldn’t Be Afraid Of Stock Market Drops

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 AM PT. You can register here now.

 

I’ll be showing you why I think we will see a drop in the market.

 

More importantly, I’ll show you how to protect your portfolio from being ravaged by the market. You will receive specific instructions.

 

Click here to register for free.

 

Oh, and I’ll also show you ways to make money!

 

I will be sending out a replay if you can’t make it but you have to register to get the link.

 

But you have to register by  clicking here!

 

 

See you there!

Five Reasons The Stock Market Will Drop

 

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 are overly bullish. If everyone is bullish, who is left to buy?

     5. Momentum is waning. Momentum indicators are getting weaker which usually means that the market is about to dive.

 

I’ve put together a free webinar next Monday at 11 am PT on Will the Stock Market Collapse?

 

I will go into detail on the five points above plus much much more analysis.

 

Most importantly, I’ll show you how to hedge your existing portfolio and how to make money in the dip.

 

But you have to register by  clicking here!

 

 

See you there!

Do You Deserve To Be Rich?

 

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 inside. We were told over and over again that we were doing something wrong as children. Of course, we never lived up to our parents' expectations. We failed.

 

Then we went to school and repeated the same feelings of inadequacy.

 

Then we got a job and repeated the same feelings of inadequacy.

 

Not everyone goes through this but the vast majority do.

 

It is often only when we become adults and attain competency in a job that we start to feel that we are worth something inside. This is the beginning of feeling that we deserve to be rich.

 

It is impossible to get rich and stay rich without feeling you deserve it.

 

You will always sabotage yourself before you get rich. You don't ask for a raise to a level you deserve. You don't invest in stocks because you are afraid you will lose money.

 

But you do deserve to be rich!

 

You are a human being and, as such, have value. Real value. Are you perfect. Of course not. But you don't have to have perfection to be worth something. Perhaps even a lot.

 

You need to stop focusing on your faults and focus on your values. You are a good person. You do a good job at work. And so on.

 

You become what you focus on so stop focusing on your faults! Of course you should acknowledge them and try to correct them. But don't obsess over them. Heck, don't focus on them much.

 

Instead, focus on what you do well.

 

Dwell on your competencies, on the things you do well. You should be living your life here.

 

I know that I'm a poor proofreader. But I know I'm a pretty good writer. I could obsess over my poor skill. I could take courses in proof reading. I could study it til I get it right. But going through all that focuses my mind on the fact that I am a failure at proofreading. I will begin to think I don't deserve success. I will begin to think I don't deserve to be rich.

 

Instead, I should just hire someone to proofread and instead focus on the area where I am successful, writing. Then, I will have people compliment me. I gain some measure of importance in society. More importantly, I will revel in my competence. My self esteem will grow. I will feel that I deserve to be rich!

 

You can't get rich if you don't believe you deserve it. Change your mind by changing your focus.

 

Get rich. You deserve it.

 

Check out my online course, The Psychology of Massive Wealth. I address this issue in gory detail.

Most Important Webpages for Trading

Please check out today's educational video.  "The Most Important Webpages For Trading"   Click here!

FREE Mindmap: Plan Your Trade, Trade Your Plan

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 100%.

 

I said, “that’s not a plan! At best, it is half a plan!”

 

I told him to immediately eliminate the trade and take the loss. That clears his mind and he can think clearly again.

 

But the initial error was that he didn’t have a plan. He winged it. That is a recipe for disaster!

 

I’ve put together a mind map which outlines the critical things you need to think about to plan your trade. You can get it here. It’s free.

 

Having a plan creates a calm feeling about your trading. You know what to do no matter what happens so you do not have to make decisions under pressure.

 

Pick it up here and really study it.

 

Make sure that you consider each factor when you look through it. 

 

Good Trading!

A Great Trade In A Bear Market

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

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 trade profitably with that information.

I explain it in this free video training which you can see by clicking here.

Free Webinar with the Options-Coach

Profit with Cutting Edge Professional Options Strategies

Who: Alex Linden
What: FREE Exclusive Webinar
When: February 19, 2013 at 4:30 PM EST
Where: Click Here to Register

Most financial instruments are linear: traders are limited to speculation on the direction of a move only. Options are multidimensional instruments, allowing speculation on the direction, duration, timing, and volatility of the underlying instrument's move.

Must-know topics to be covered:

• Discover how professional options strategies allow you to realize your target profit even when the market goes against your position by 20, 40, 60 or 100 S&P points.
• A cutting edge niche of sophisticated NON-DIRECTIONAL options strategies allows an options speculator to profit whether the market goes up or down, fast or slow, or remains confined in a range.
• A pro options speculator has multiple advantages over stocks and futures traders each time.
• A pro options speculator has a built in ''disaster protection'' on correctly constructed positions.

Register today!  Space is limitied!

LMT Bullish Gartley Pattern

A Bullish Gartley Pattern recently completed on Lockheed Martin Corp (LMT on NYSE.) The XA leg of the Gartley pattern indicates the direction of the trend and the AB=CD symmetry indicates the completion of a correction against the trend. The intent is to identify the completion of the correction at the projected D point and then to open trading positions in the direction of the trend. The trade setup was complete on December 14th, 2012 when LMT traded at 89.38 at the 1.1 line. At this point we would be looking to buy one tick above the high of the most recent low bar.   

On December 18th, our stop order to buy was hit and LMT quickly moved to hit our first two profit targets.

As seen above, the trade worked. Our favorite method of managing a trade like this is with the Single In/Scale Out method of money management as described in the book The Gartley Trading Method: New Techniques to Profit From the Market's Most Powerful Formation. To learn about this effective trade management technique, click here to watch an instructional video. To identify Gartley Patterns before they complete, check out our free introductory video course at at www.geometrictrading.com 

 

 

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FMC Bullish Gartley Pattern