Session 10 4.18.22

He's talking, it's all in the Session 10 flip chart notes (link is session 8 flip chart notes)

How you work out how far below to place the top. Good example straightaway:

Looking at a chart, (no session 10 power point)

You gotta work out if its less than 5% of the risk.

There's this myth that goes around with traders. They look at where all the stops are, and they look at where they are going to trade. So small, almost nothing. They work out how much it is. 

I tell you what we are still going to do. 

I will give you an extra strategy: 2-10 strategy.

10 step action plan of what I suggest that you do from here

Summarize these 3 days

Answers to the Quiz

Going to give you this extra strategy:

Rather than me explain it, we're going to see if there is a real trade, ready to go. This strategy. Sometimes I can find trades using this that have a reward risk ratio of 10 to 1 or even 100 to 1. 

Really great strategy, this is how we do it. Generally, do this strategy on American companies, American shares. You can trade from UK account. Usually do, on American companies, once they are priced $2 to $10, fairly cheap. I do American because there are more choice. You can do it in UK, you just won't find as many trades.

I am looking for charts that look a bit like this. Price has done a big drop down. This drop has to be at least 20 to 30 percent and happen over at least a few weeks. And minimum of a few weeks drop, could be longer. I want it have started to go around. And around here, there has to be some kind of reversal pattern going on here. 

As it goes up, and its bouncing up, I am going to be looking to buy it. My stop is going to go just below the price bottom. I'm gonna have a teeny risk. and where is the target going to be? 50% so there is going to be a huge potential reward. that is the strategy. Now, we'll do questions on a second. 

Because it's done a big drop down, I know why. Because something bad has happened to the company. I don't care what. I don't even look at the news, I don't care. If it starts to go back up, I know that something good has happened to the company. I don't care why.

BAD COMPANY TURN AROUND can be the name that we can name this. 

A lot of the shares that I buy I don't know what the company does, I don't care. if you see a good chart pattern, it all looks great, you don't have to know what you are doing. A big drop. 

How long you'll be in? swing trade could go all the way up to 6 months. 

Q: you can find that in crypto market almost every day.

A: In crypto, its more overreaction strategy, not this strategy. 

Q: you are not supposed to trade against the trend.

reversal pattern is signal that the trend is changing direction.

Should we find some trades? Let's do this 

Let's have a look. Start at top of the list.

This one, maybe its done a little bit of support here. Might get ready to reserve. Broken that trend as well. What you can even do, if it started to bounce back up, you have a teeny risk on this one. 

if you have a sharp strike, draw the trend line right through it. (he found a company that is a good example of the strategy). 

When are you getting into it? Just as its bouncing back up. You're gonna have a teeny risk, what's the potential? You're gonna have a huge potential reward, very close to where you can enter the trade. 

(He pointed to where the first stop would be, the first 'support' i think its called. 

Let's keep going (looking at more chart from different US companies)

Just over the $2, fantastic. The main pattern there. for this chart, he can see that it needs to go back to the trend line. 

It might take 2 weeks. 20 to 1 reward to risk ratio. Would that be okay?

You find few of these, you are really setting the odds on your side.

80% on 8 weeks, that's awesome. Even good investors are making 10% in a year. 

WHAT I'M GONNA DO IS:

Favor, 2 minutes. Spend few minutes filling this feedback form. 

WHEN OPENING AN ACCOUNT:

you might want to use your imagination with answering those question. if you say you have experience they will give you a normal account. 

2) Do 1 hour on investing. first 24 hours. (anything to do, going over charts, course notes, do investing.com.) While its still fresh on your mind and to keep momentum going. 

3) Choose your focus. You have learned a lot of things in the last couple of days. if you try to master everything at once it wont work.  

focus on 1 or 2. 

maybe I like surprise day strategy, let me get good at that

I like cup and handle let me get good at that

Let me focus on 6 step analysis. winwaychart for free download. you get the historical data with it. do you analysis, decide what you think is going to happen next, then move the chart forward and see if you were right with what happened next.

Within 1 week. try to do all of that. 

4) Do 2 hours practice within the first week, of whatever you wanted to focus on. 

5) In the first week, do a real trade. Real money, real trade. Small trade, but real trade. 

WHY?

If you are slightly scared, just do it now, get the fear of it out of our system. If you trade your money is in it, so you are in it. 

6) Record the results in the trading journal (email you the template)

7)  record results, 

8) learn the lessons

if successful, do more trades.

if not successful, learn some more. 

9) one small up trade and down trade, on different things. 

10) repeat from #6

Small trades- at least 10 where on average you have made money. 

When is market open? 8am to 430pm America 23pm open, UK time and closes 9pm in the evening.

Day trading you need markets open. so American. for swing trading, you can place your trade when market is closed. 

Over the last 3 days, you have THE BEST STRATEGIES IN THE WORLD, 

TOOK ME 20 YEARS

SPENT 100K POUNDS.

This stuff I know it works. You know more than 99.9% investors out there, IN THEORY.

Important thing now is putting it into practice. 

Is it worth doing whatever it takes? to master this skill?

If you work with me you'll learn super fast. if by yourself, you will get it if you stick with it.

Whatever you are doing, I wish you great wealth, great success and I want to hear that you are making loads of money using it. 

RECORD EXACT FEEDBACK: SOMETHING YOU DID VERY WELL.

Nice to learn from someone else's mistakes. Power of the group to accelerate your results.