Path To Profitability Free Webinar

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Make a Move

I get alot of emails asking me what I suggest for new traders.. or people who have been trading for a while but are just spinning their wheels. So here are my suggestions:

If you have 10k dollars then you have the ability to make a great living trading. Im not saying that you are going to become a millionaire. But, if you made 8-10k bucks a month would that change your life? I thought so! 500 bucks on 10k.. thats 5% a day right? cmon mb.. thats not possible.. Oh its possible.. Look at this guy lincoln on twitter.. he has a very disciplined and laid back strategy that grinds him out his money everyday. Very consistent and very profitable.

People are going to tell you that is a lie, but there are tons and tons of people out there that do it. It is not hard to make 500 bucks a day on 10k dollars in a prop account. You have to be very disciplined and you have to know what you are doing… Prop accounts give you 6:1 leverage for intraday trading.. Use that margin in your favor intraday and you can do it. You have to have a system and you have to have the right broker.

Suggestions:

1. Take 1/5th of your money and learn a strategy. Spend money to learn before you start. You are almost 100% guaranteed to blow up a 10k account if you don’t learn first. Kunal just started teaching a bootcamp, teaching all of his strategies that he has mastered for 10 years. read more about it here. I coach/mentor people one on one on the side. email me mb.willoughby@gmail.com. Do something..

2. After taking the time to learn, join a prop firm. Lakestreet is the prop firm that bulls is affiliated with. You get 6:1 leverage intraday. Learn to use that leverage in your favor and make it happen. If you trade with lakestreet, you get a free sub to bulls. Live chatroom for ideas + daily blogs and watchlists help you learn even more.. Bulls has one of the best educational sections around. You wont find anything else like it anywhere. Read more about lakestreet here.

These are my suggestions on how to learn to trade for income. You can do it.. but it takes work. If you have the time and money and want to learn daytrading then something along this path is how you should get started. hope this helps. email me with any questions that I did not answer!

Make a Move

I get alot of emails asking me what I suggest for new traders.. or people who have been trading for a while but are just spinning their wheels. So here are my suggestions:

If you have 10k dollars then you have the ability to make a great living trading. Im not saying that you are going to become a millionaire. But, if you made 8-10k bucks a month would that change your life? I thought so! 500 bucks on 10k.. thats 5% a day right? cmon mb.. thats not possible.. Oh its possible.. Look at this guy lincoln on twitter.. he has a very disciplined and laid back strategy that grinds him out his money everyday. Very consistent and very profitable.

People are going to tell you that is a lie, but there are tons and tons of people out there that do it. It is not hard to make 500 bucks a day on 10k dollars in a prop account. You have to be very disciplined and you have to know what you are doing… Prop accounts give you 6:1 leverage for intraday trading.. Use that margin in your favor intraday and you can do it. You have to have a system and you have to have the right broker.

Suggestions:

1. Take 1/5th of your money and learn a strategy. Spend money to learn before you start. You are almost 100% guaranteed to blow up a 10k account if you don’t learn first. Kunal just started teaching a bootcamp, teaching all of his strategies that he has mastered for 10 years. read more about it here. I coach/mentor people one on one on the side. there is a very small difference between people who lose money everyday and people who make money everyday. Learn the difference. email me mb.willoughby@gmail.com.  Take action..

2. After taking the time to learn, join a prop firm. Lakestreet is the prop firm that bulls is affiliated with. You get 6:1 leverage intraday. Learn to use that leverage in your favor and make it happen. If you trade with lakestreet, you get a free sub to bulls. Live chatroom for ideas + daily blogs and watchlists help you learn even more.. Bulls has one of the best educational sections around. You wont find anything else like it anywhere. Read more about lakestreet here.

These are my suggestions on how to learn to trade for income. You can do it.. but it takes work. If you have the time and money and want to learn daytrading then something along this path is how you should get started. hope this helps. email me with any questions that I did not answer!

paralysis of analysis

I have been asked several times lately by new traders how to overcome the fear of placing trades. In fact just today I receieved an email from someone saying that they had alerts set for $JOEZ, $SCEI, and $KERX today, saw the setup, but couldn’t quite pull the trigger. The setup worked just as they planned, yet they missed the trade. I never had this problem. In fact, as I have said before, I had quite the opposite problem. :) However, having talked to alot of traders, I do know a little bit about this topic. So per the email that I received today, I decided to write this blog and discuss a little thing known as paralysis of analyis.

The term “paralysis of analysis" refers to over-analyzing (or over-thinking) a situation, so that a decision or action is never taken, thus paralyzing the outcome. Paralysis of analysis occurs in all parts of life, not just trading. Perhaps you have a great idea for a new social media site, but you don’t know how to go about getting started. You don’t know how to get the patent, or how to recruit investors for your idea, or whatever. So you are stuck, basically paralyzed and at a standstill. You will never be succesfull and never fulfill your dreams if you don’t figure out how to overcome this fear. Being paralyzed is great for new traders because you want to take the time to learn before placing trades. You cannot blindly follow a trader and expect to make money. You have to know the concept behind the trades and understand why the trade is being placed if you want to be truly successful. However, once you have taken this time to learn then how to do you muster up the courage to actually push the "buy" button and put your plan into action?? Well…..

The first thing that you must remember as you start to overcome this fear is that there is no perfect way to approach trading. Each individual must find an approach that is perfect for themselves. There is no perfect strategy that will “always” work in the stock market. Always doesn’t exist. Learning to treat trading as an art form rather than an exact science is how you learn to be successfull. You enter stocks that have the highest probability setups, and you exit stocks when those setups don’t work, with your capital still intact. This is the key to success in trading.

The way that we teach you to overcome this analyis of paralysis at bulls is by following the 4 steps below:

1. Master high probability setups and know how they should act

If you are trying to read every book out there and use every indicator that has ever been placed on a chart, then you are without a doubt over analyzing this business and just going to run into a wall of confusion. Start by learning 1 or 2 setups and figure out what they are supposed to look like and how they are supposed to act. Start out just trading this setup.. then slowly add in another and another until you have a complete arsenal.

2. Start by taking small positions in the trades.

Trade the stock as if it were a normal position size. This will help you get your feet wet and get more comfortable with placing actual trades.

3. Have a game plan for the stocks you enter.

Know what type of trade it is that you are entering and what you expect out of the stock. If the trade doesn’t go as planned, then sell the stock and move on. There are always other trades just around the corner. Cutting losses quickly on setups that go against you can be your greatest friend.

4. Keep a trade journal

Review your trade journal at night. Disccus everything in the jouranl: why you want to enter the trade, your target prices, what that market is doing, what the sector of the stock is doing, your risk reward in the trade etc.. Below, I included an example of one of my trade journal entries. This will really help you to understand your trades and become a better trader.

Don’t be scared to trade. As in many things in life, the real work is done in preparation for the battle. The battle is simply a mimic of what you did the months before in preparation. Remember, “Luck is what happens when preparation meets opportunity.” Once you have put in the amount of time to learn what you are doing then don’t fear going for it. you just might get “lucky”… Hope this helps!

Anyone looking for private coaching send me an email mb.willoughby@gmail.com

2/16 watchlist

MPEL- stock is setting up nicely for a run, break of 12.25 should do it this time

MYRX- watching for red to green on this stock and a break of 3.3

SONS- break of 2.79 should pop this one

EGY- on watch for red to green for a quick trade tomorrow, huge volume today

GERN- stock would have gone today if not for the market.. if market is strong i like this one over 2.10

USHS- watch for a gap out of the bollinger bands, then fade to green to red for a short in this one.. overbought and etended

JRCC- break below 6.1 cracks this one fast

ZNGA- stock breaking down.. 11.5 breaks and this one cracks again.. on watch for a short tomorrow

earnings plays

Market has been on an absolute tear the past month or so. Earnings season is upon us and we are seeing alot of huge moves off earnings reports. We all know that holding a stock into earnings is a complete gamble, however, having a strategy and knowing how to play the stock after the earnings reports can lead to huge gains. We have caught multiple earnings runs in the bullson.ws chatroom for huge gains.  http://bullsonwallstreet.com/bulls/pricing/

Take a look at COCO- stock closed at 4.1’s on the day after reporting good earnings.. today the stock closed up nearly a dollar from that mark. Thats nearly a 25% gain!

Another stock that we caught for over 10% gain using our earnings strategy was ZOLT

I have a list of stocks that I am watching this week for continuation after a good report. These stocks have the potential for big gains. Some of these include: GLUU, CDNS, MNI etc.. If you want the complete list and want to learn the strategy behind how I plan to play these stocks then check out this blog that I made for the bulls crew.  http://bullsonwallstreet.com/bulls/2012/02/hot-stocks-for-28/ 

Also here is a trade review of how I hit JKS for .50 cents today in 10 minutes and the strategy behind it! This is the same strategy that I use for my earnings plays, just tweaked a bit. http://bullsonwallstreet.com/bulls/2012/02/trade-review-jks-red-to-green/

12/19 watchlist

SINA- strong stock on friday.. coming out of rubberband snapback. Watch this one for breaking fridays highs

SURG- right at breakout spot, on watch for a push

AKRX- 11.14 is breakout

DEXO- flagging.. on watch for a break of the flag

PKD- breakout at 7.13

GTIV- 6.3 is the big mark.. closed strong on friday. big area to watch

MY- really oversold.. looking for rubberband snapback on this one

SIMG- short watch, looks ready to breakdown

12/14 watchlist

LTON- breakout over 1.42

SIMG- breakdown at 4.45

LNG- offering overnight.. gap fill down is at 8.5

AFFY- short watch if 7.1 breaks.. gap fill down

ARSD- on short watch.. really overbought

12/13 watchlist

AMCN- consolidating.. on watch for a break of 3.65

ROYL- stock is flagging. break of 5.15 should get it moving

RTIX- breakout at 4.73

SBUX- breakout at 44.7

GTIV- stock been in a range for a long time now.. similiar setup as sunh. on watch for a breakout in this one

SUNH- big mover today.. watch for weakness in the morning then red to green

CAS- sold off really hard at the close.. on watch for a bounce back early in the morning

ARSD- short watch.. watching for snapback once out of upper bb. Really overbought.

12/6 watchlist

ZINC- stock is flagging.. on watch for a break of 9.4

SNTA- stock is flagging right here.. on watch for a break of top of flag. Will enter early if volume is there 

SKH- at breakout spot.. on watch to see how it acts at this level

SCEI- strong breakout today.. could continue tomorrow. on watch for strength, or red to green move

PIR- watch for a break of 13.88.. seems to be resting here before breaking out

OSUR- breakout at 10.1

ONTY- nice chart.. big break is 7.7.. gonna look to get in this one early if the volume is there

NRF- basing here, watch for a break of 4.46

NLST- hot chart today.. on watch for weakness tomorrow then a red to green move. Nice volume today

GTIV- been basing here for a while, still watching this one for a break of 6.3 area

GLCH- watch the break of 1.36.. big break area on the chart

ENTR-flagging right here.. watch a break above 5.5

IPAR- short watch. bounced back into resistance.. if market falls tomorrow this will be a good short.

12/1 watchlist

DMND- watch for a break of 31.. should cause a squeez. nice volume expansion

BEBE- breakout watch at 7.75

ELT- might be a dead cat bounce right into resistance.. on watch for a short here

DPZ- breakout over 33.7

DEXO- flagging right here.. could have more in it

CSIQ- made a big move.. should pop if it gets past that 50dma

GTIV- long flat base.. should breakout soon

11/21 watchlist

LNG- watch for a break of 12 on this stock

KND-consolidating for a move.. over 12 should run.  nice volume exapnsion

FSII- watch the break of 2.75 for a trade

OWW- consolidating for either a breakout or breakdown.. watching this name after a big run up on earnings

AMSC- sometimes the break of the major moving average can cause a run in the stock.  watching this. nice volume expansion

FLSR- seems to have found a bottom at 42.. if this one breaks over 20dma ill be in for a squeeze

MDW- breakout over 2.4

CRBC- bull flag.. watch for break of 10.5

NRF- over 4.46 might have more in it.. consolidating

SHORTS:

SPRD- if this breaks the 20dma ill short it for a trade

NRG- breakdown below 20.4’s

FCX- breaking down below the 50dma.. on watch for weakness

also watching LTS and GCA for shorts

11/9 watchlist

We are finally starting to see some order in the markets. Dips are getting bought. I like the action I am seeing. Seems like alot of stocks are consolidating for a move higher. Here are a few setups that can be very powerful and that I am watching for tomorrow. If you need help or got any questions.. shoot me an email mb.willoughby@gmail.com

SONS- flagging. watch for 2.74 to break

CPE- high tight flag.. watch for a break of 5.82

CLDX- bull flag consolidation after a big runup.. could breakout for more upside

GLUU- flagging. could be resting for more upside

P- flat top breakout at 16.. gonna be powerful if it gets there

CDNS- breakout at 11.38

PVA- consolidating under the moving average.. a pop above and it could move higher

SPMD- bull flag consolidation after runup.. should have more

CALX- a break above 50dma could cause this one to pop

SHORT:

CECO- looks like a dead count bounce, on watch for weakness

11/8 watchlist

CVO- stock is flagging.. watch a break of flag

DVR- flagging.. on watch for break of flag

KTF- breakout is 12.9.. has tapped that area a few times.. so should be powerful once it breaks

MTG- breakout at 3 bucks.. big volume today

PKT- breakout at 12

SKH-popping above the 50dma.. could pop from here..on watch for volume

ZN- basing right here.. a break of the top of the range could pop this one

Shorts:

TSTC- almost out of the upper bb.. on watch for a gap up in the morning followed by signs of weakness

ONP- could stop here.. big bounce into 200dma resistanc. On watch for a short if it shows weakness

MGIC- hit 200dma resistance and faded.. on watch for more fades tomorrow

11/7 watchlist

AEA- break of 8.9 should set this one off

ARIA- breakout levels

AUQ- breakout at 10.5

COOL- watching this one for more upside.. break of 3.5 should do it.. or add on dips

FSLR- should be a powerful move if this one breaks the 20dma! been riding it down for months.. heavy resistance there. On watch for a break

HGG- flagging, breakout is 14.9

IDTI- breakout at 6.5

JVA- momo name that looks to be starting up again.. watching it for strength this week.. Good swingtrade back to 13’s

LNG- bull flag.. watching for strength and volume

MU- breaking over the 50dma.. on watch for more upside

REE-break over friday’s highs could set this one off.. nice volume in it

RUTH- if this one breaks its 200dma could be a powerful move.. been basing under it for months

SONS- flagging, watch break of 2.8

WNR- on watch this week

I’m also watching DANG for a breakdown as RENN broke hard on friday