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The James Bond Method To Stock Trading

  
  Education
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So you want to be high flyer? Drive fast cars, attract the hot women, and travel the world? What sounds like the James Bond way of living, isn’t actually too far off that of a successfully wild stock trader?

While this approach might not be the most risk-adverse style of trading , we can all learn a thing or two from James Bond when it comes to making big bucks in the stock market.

Don’t worry about the consequences

While he may get himself into some crazy situations, James Bond never lets fear get in the way of getting the job done. Bond will walk straight into dark hallways and rooms filled of bad guys, confident that he has the upper hand.

Just like Bond, you too can block out potential consequences of stock trading. Don’t let the fear of losing money or a failed trade scare you away. Head into any situation, confident in your trading strategy.

Never get stressed out

For as great as Bond is, no other action hero gets caught into messy situations as much as Bond does. From the initial capture to just seconds before he finds his way out, Bond never loses his cool.

He stays calm under pressure and focuses on what to do next, rather than what might happen.

Just like Bond, you too can learn to keep cool under difficult situations. Understand that you don’t necessarily need to sell at the first sign of red or throw more money at the stock. Simply stay calm, asses the situation, and find your way out.

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Think Like Las Vegas

  
  Education
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Do you think of each trade as an island, as the great hope, or do you think in terms of probabilities over a series of trades? Casinos make their money by keeping the odds in their favor over a large number of bets. And that’s how successful traders think too. They don’t get attached to the success or failure of any given trade. Their primary goal is to stay calm, relaxed and open to the market’s opportunities so that they can execute their edge precisely and keep the odds in their favor. Thats why I make such a big deal about emotional clearing and staying calm. The emotional clearing technique I use is literally worth tens of thousands of dollars to me in bottom line results.

How To Make Your Own Luck in Trading

  
  Education
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The only place luck has in trading is that you will hopefully be on the right side of unexpected moves due to surprises. In trading you should trade in such a way that good luck will benefit you and bad luck will not destroy you. In my trading luck has little to do with my profits. I trade when the probabilities are on my side based on what the chart is saying about the current action of buyers and sellers in a stock. New traders hoping for luck belong in Las Vegas not the stock market. Trade the trends, play the odds, manage the risk, have faith in yourself that you have the discipline to trade your winning plan.

  1. I do not trade on luck I trade with probabilities being on my side.
  2. I manage my risk carefully so bad luck on one trade does not blow up my trading account.
  3. I trade in the direction of the markets current trend to enable me to stay on the right side of strong moves.
  4. I trade in the direction of the markets current trend so the odds are on my side of being right.
  5. I buy the strongest stocks  and sell short the weakest stocks.
  6. When I am wrong I do not hope for luck I just get out of a losing trade.
  7. When I buy options I buy the in the money options with the odds in my favor not the far out of the money ones that require some luck.
  8. I primarily buy options instead of selling them so I can get big moves for small fees instead of small fees for big risks.
  9. I only risk 1% of my capital per trade so I do not blow up my account with a string of bad trades.
  10. I trade with confidence in my myself and my method not hoping for luck.

Gamblers Delude Themselves

  
  Education
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“Above the roulette tables, screens listed the results of the most recent 20 spins of the wheel. Gamblers would see that it had come up black the past eight spins, marvel at the improbability, and feel in their bones that the tiny silver ball was now more likely to land on red. That was the reason the casino bothered to list the wheel’s most recent spin: to help gamblers to delude themselves.” – in Liar`s Poker, excerpt from the “The Hangover: How Las Vegas Explains the Past and Future of the Economy”

Advice for Traders

  
  Education
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 If you want to gamble, go to Las Vegas. The markets are not the place to look for action. They are serious business and gamblers will be liberated of their money in very short order. There are no comped rooms, pretty girls, or free drinks when you lose. So approach this with the same sense of dedication you would give to the most serious profession. If you learn to succeed, trading for a living can be one of the most rewarding endeavors you could ever pursue.

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