Many times people asked me how do you find the right option to trade.

My mentor George Focas(http://www.sharelord.com), taught me to look up the IBD100 (http://www.investors.com).

He helped me set up trading rules.

First ,only trade stocks at with price between $22 – $63(I trade the US market and so prices are in US dollars). Anything outside of this is pointless.

Make sure it is not a pharmacy Stock (company that produces drugs)

Then I look at the graph and make sure it is trending upwards for the last 6 months.

Then I look at the relative strength, EPS rating and the composite rating to make sure it is above 75%.

Put this into my spreadsheet to make sure the profit I will make is acceptable(if you need a copy of my spreadsheet please contact me info@dynamitewealthcreation.com). Then I select the stop (put) level I have in place to make sure if the stock/share falls by the 3^rd Friday of the month. I am then able to put the worthless stock to someone else to minimize my loss.

Then I will place my trade. From time to time I will make sure the stock I have purchased is still above the option I have given someone. I do not want to own the stock by the end of the month.

I have put all this in a system, to maximize my gains and minimize my losses, how cool is that?

It is always tricky and knotty to attain knowledge and then gather all the information pertaining to begin with investing in the share market. Amongst all the key players there is one personality with whom you have to stay in touch all the time is your broker. He is the one with huge knowledge and information about the timely and yielding investment .He will be guiding and helping you for making correct decisions to invest in the share market.
Choosing a Broker for You
The amount of money you are intended to invest in the share market is of great value to you because this investment will be the hub of your future so the correct choice of your broker becomes very important who has to take care of providing the best possible management to your investments in accordance with your desires.
How to pick the true broker who will be able come up to the standards of the services you would like for your investments. For this purpose here are few useful guidelines for you.
Set Investment Goals
It is imperative for you to decide and set objectives of your investments ahead of beginning to invest in the share market. Here comes your first initiative to choose a type of broker who will be able meet the need of your goals as you are to brief him about your future goals for which you want his assistance. Discount broker will serve your purpose if you merely want him to take care of decisions but beyond this you have to have full-service broker for advice and necessary tips and techniques.
Determine the need for type of Broker and proper utility
If you are in the need of regular advice, information, instructions, and other directions or assistance for your investments then a full-service broker can yet go ahead of that to handle other investments for you together with trusts, life insurance, and even more if he is in possession of financial planners’ license. Contrary to this job of a discount broker is limited merely handle your plans according to your set goals. It has got one disadvantage of very small communication between you and your broker.
Weigh against Services
Irrespective of either type of broker once you have short listed about three brokers keeping in view their services, you will then need to consider the one who is most beneficial for you at the very moment you need it to be. Different types of brokers are having different types of services. So you need to make your choice for that that is having all of those services you need and also those services you will need in future. Be careful with the selection of the services you need so you do not face any kind of problem in the future with your broker.
Determining the Fees
Brokers are always in competition with each other for the offer of services with affordable and fair price, that is why you need to look for the one who is having best services to offer along with some discounts and all of the services are reliable.
Considering all of the facts described in this article, you can come with a best broker for dependable and long lasting security of your investments and this will help you make money without any worry of being in loss.

What do you mean patience and perseverance to wealth?

Because of all my free time I am able to do things others would like to do.

I am a Les Mills Pump instructor; I have just finished my training. I looked out at my class and watched them.

Many of them have been training in the class for years, yet are too scared to increase their weights so they can challenge themselves and their bodies. As we know with Marathons, it is more to do with the mind than it is with the body.

The same can be said with investing, in any market. I have been options trading for a while. I have made some great profits with buying shares, and selling options to my shares. I have made good profits, but this week the markets went down… My shares “tanked”. My option will expire on Friday; the stock that I purchased at $26.00 is now at $16.48.

I was wise enough to put a collar on my shares at $23.00 so I have made a minimal loss, as I Friday I will be able to put those shares to another person, and be paid $23.00 a share, even though the market has said they are $16.48.

Do you know the first thing Monday I will do, yep get back into the market! Most people on a losing trade will run gun-shy, and not invest in the share market till it gets good again… but do you think there are going to be bargains? Bloody oath!

This is the thing you have to learn patience for when the markets go against you! And learn perseverance as you know you have to keep with your course and know you will in the end win in the wealth race to get out of the rat race

This week is the final week in the US if you are trading options. This Friday will be  expiry date.

We brought share (TSL) at $26.00 and put and sold a  “in the money” option at $26.00.

We looked at this stock as saw it trending up for the last 6 months, and considered not to put a stop in. What that means if the stock goes south, (the value of the stock goes down) then  we would be able to pass the stock to someone else.

We put our stop at $23.50.

During the month stocks tend to go up and down, but as long as the shares were above our option of $26.00 on the 3rd Friday of the month. Then the stock will be taken from us.

As Murphy’s law was working our shares finished today at $18.29, so unless a huge market shift… which can happen, we  will be down alot on our investment.

Ahhh you say… and we say too… we have a stop/collar in place at $23.50. So we are now able to give our stock to another person who will pay us $23.50 per share, even though out shares are $18.29.

Yes we have lost a little, but we do not own shares that have “tanked”. And we can go back into the market again, because you have to always persevere, when it comes to learning about the markets, and investing. You will make loses, but you make more profit. This is successful trading!

There are no special skills necessary for making investments in the stock market. As a novice, you can take advantage of the following guidelines if you intend to invest in the stock market.

While making your first investment in the stock market you should be familiar with the fact that the stock market fluctuates in price constantly. Long term records show that stocks generate profits up to 10% per annum over a 3-5 year period. There are two terms most commonly used for stock trends: bullish trend or bearish trend. These are upward (bull market) and downward (bear market) trends in short-term stock investing.

The stock market provides a wide range of opportunities every day, no matter which direction the market is trending. Many new ‘hot’ stocks become available every week and are predominantly in the biotech, energy, financial, communication and healthcare sectors.

Depending on your competence and ability to move quickly, you can generate good financial benefits from trading these hot stocks in a small amount of time. Many qualified day traders believe that trading hot stocks in periods of market uncertainty can lead to better than anticipated profits.

Try to keep things simple in your trading. Choose a strategy, learn the fundamentals and stick to it. Don’t over-complicate your strategy with too much technical data.

And, very importantly, always remember that no matter what the stock is, whether the market has been trending in one direction for a long time or you get the ‘tip of a lifetime’, ALL trading comes with some risk.

Learn how to minimise your risk by understanding the strategy you have chosen. You can never completely remove the risk when investing in the stock market but you can understand what your risk is and take steps to reduce or cap any potential loss. Always learn from a mentor, as they have made the mistakes, you will not have to. To find mentors that will teach you with a program start with getting your free DVD here