Improve your trading success. Learn how to manage your trading mindset. Critical tools and techniques! Traders in Equities, Futures, Options, and MORE! Be sure to visit RobinDayne.com

May 2 , 2010
Trading is 95% Emotional Management!
Are YOU the MASTER of your emotions?


Newsletter

Late Breaking News

Chris Vermeulen
Another Batch of Trading Setups for the SP500 Are Here
May 2, 2010

Michael Markowski
Four of the original nine Bear Market Tracker Gold Miner Stocks have been Removed from Recommended list
May 2, 2010


Stock Watch 2010

Company Answers Corporation.
Stock Symbol: ANSW

April 30th Closed at 8.45
April 23rd Closed at 8.78

Positioned as a long trade.

Status

This week ANSW managed to hit 9.09 but with the weeks news and reports managed to give back and close at 8.45. The CEO Bob Rosenschiem is scheduled to present at the 6th annual Global Internet, Media & Telecom Conference on Monday May 10th.


Current Investment Opportunity
by CM Capital Services


New First Trust Deed
Opportunity
Short Term Loan Pays
10% to 10.25%


CM Capital Services continues to search the western states for quality real estate loans that will yield double digit annual returns for our investors.  Just north of Salt Lake City, an experienced Utah team seeks funds to purchase and complete development of a highly desirable residential community.   

Phase One of The Old Farm at Kay’s Creek features 24 distinctive lots zoned for single family homes.  All 24 lots are currently reserved by end buyers.  Our borrower was able to negotiate an extremely favorable purchase price with a local bank looking to get these lots off its balance sheet.   

Proving, yet again, that in this real estate market only the savvy need apply, our borrower is purchasing this high quality development for a fraction of its previous value.  

We are lending 43% of the “as developed” value of this property.  Interest to investors will be paid monthly at an annual rate of 10% to 10.25%.  The loan term is 6 months with two optional 90 day extensions possible.  Take a look at the attached fact sheet for all of the details.


If you are looking for a quality income investment that is short term, then act quickly and call or email us at the numbers below.  Our investment minimum remains $10,000.

Current Opportunities

First Trust Deed Opportunity
Old Farm at Kays Creek, LLC Loan #3289

For More Info Contact:

Jay York
jyork@CMemail.com
702-739-9090
Be sure to mention this Newsletter


Trader Testimonials

The day in 2007 that I e-mailed Robin for help, I was ready to give up trading. I was at the point where just looking at charts would give me an anxiety attack. I was literally frozen at the screen. Whenever I did manage to trade, invariably it would be a loss! I needed help, fast. 

With the coaching, several blocks that had set in over a period of time were identified and "scrambled" or neutralized. Within a very short period, my fear of losing again was no longer freezing me up. My anxiety was a thing of the past. I could trade again!
Over time, other blocks popped up, which I scrambled with a similar positive outcome.

Robin teaches you to scramble, using a very simple technique that you can do with a friend or partner, for trading or even for other issues in your life. 

With the 1-2-3 process, Robin taught me to analyze each and every trade taken, good or bad .Previously, when I had a winning trade, I just basked in the short-lived glory of the winning trade, and conversely just buried my head in the sand when I had a losing trade, I did not want to re-live the pain! So I was not learning from my mistakes and I wasn’t learning from my successes. By facing each trade and making a proper objective analysis, I could then construct a set of my own rules for trading, based on my theoretical knowledge of technical analysis.

Over time, these rules were refined and adapted. This provided me with a trading plan or system that suited my personality. This was crucial to me, as there are 1000 ways to trade, but none may be suited to you or your personality.

Working with Robin has given my trading a rock solid foundation. I am eternally grateful to her for this.
EDNA


Ask the Coach
Win a FREE CD
If we use your trading question as an example in the newsletter we will send you a FREE CD:

"The Hidden Trading Realities"-The Pro's Know.



Free Presentation

"3 Emotional Triggers to Avoid"

Presented by
Robin Dayne




Follow Robin on Twitter


Follow StockTwits

Trader's Library


Test Your
Trading Emotions


Radio Show Archives

Free Trial Week


Quote of the Week


Today I seize the moment…I am the master of my destiny.
Knowledge is power. Now is the time to increase my reserves.
I have the skill and the will to fulfil my wildest dreams.
Life is what you make it- I make it grand!

 


Hosted By
Robin Dayne
"The Trader's Coach"

18 years as a trading and life coach

ONLY 300 Subscribers will be taken.
"NEW" Key Number Tool
for the S&P Trader
Taking the FREE Trial
can SAVE you a spot.

Try it THIS week
See Sneak Preview Video:


“Trading Mistakes to Avoid
Prepare-Strategy
Trading is Easy”

By Robin Dayne

There is a large list of trading mistakes that could be discussed but let's discuss a few at a time. I will stick to the ones that come up most.

Some mistakes apply to new traders at all levels. If you haven’t gone through them GREAT I hope you never do ……but this will at least give you “awareness” and some solutions on how to fix them.

Important: Always work your trading challenges through to solutions!

Be Financial Prepared
Many who choose to go into trading, make the mistake of neglecting to calculate what it will financially take to make it through the learning curve. So when they go to trade and they start to work a strategy over and over many times they will put their money on the line and lose more than they make. Money has a tendency to slip away very quickly with this method. Not to mention the emotional toll it will take on ones confidence.

In the beginning losing trades can really eat up your cash quickly and there is so much to learn. As a matter of fact, you will never know all there is to learn, in your lifetime, about trading and the markets. There are different markets to trade and just when you think you’ve got it the environment changes and all original bets are off and you have to start all over again.

Solution
When you are just starting out, be sure to make a specific plan for your trading cash and “living cash”. That’s the cash you will need to live on that will cover your expenses. How you manage cash in general will be important and how you manage it while trading can mean the difference between success and failure.

Set rules for how much you can lose in a day, remembering losing IS part of this game. Never lose an amount that makes you upset or that you can’t recoup in ONE day, otherwise you will always feel like you are digging yourself out of a hole never moving forward.

“Maximize the profits and minimize the losses” is a quote made popular by successful traders with good reason…..heed it!

Note: The results of your success will be determined by how well you manage your losses than the wins. I know this sounds like it’s in confusing but it is the truth.

Have a Solid Trading Strategy - There is none or too many

This is when a traders goes to a 3 hour seminar gets sold on how easy trading is an how much money they can make, take the families retirement saving and loses it on “the system”.

Again emotions and greed can kick in with the possibility to make cash easily. This is a place where caution is critical. There is nothing wrong with a system and knowing these types of systems tend to have a cycle because they work under certain market conditions.

No if you think this is “bunk” than think back and can you remember any system that was aggressively marketed 10 years ago that is still being marketed today? If they are still alive than maybe it is a worthwhile system to look at. Most are designed with current market conditions and most will lose their strength when things change. So please be aware of what you are buying and doing.

Another error with strategies is having several strategies and mixing them together with none working. The lack of focus fosters the inability to fine tune a good strategy and perfect it.

However, I will also say that trading is an amazing business where, when you plan and work the strategy you can do very nicely for your self, your family and also help your community and others. This is a good thing!

Don’t mix strategies especially when you’re new to trading.

Solution
Pick a strategy you like and a market to trade in. Stay focused and fine tune each time you trade until you have the winning combination of 85% or better.

Remember each strategy changes with each market and will most likely change over time.

Focus, focus, and oh yes focus. This is your best plan of attack to successful trades.

Look for anomalies in your statistics as well like the time of day of winners and losers even the day of the week. When things work and don’t work. Become a “digger” and find a way to make the trade work.

Trading is Easy
There are two main things that contribute to the feeling of “easy”. First if you go to one of these big free seminars that show software that has easy signals of buy here and get out and sell there.

They show you how it works and of course when you get it home for some reason you can’t seem to make the money that the instructors made in the seminar.

Or worse yet you make some money easily and say “Wow this is a piece of cake and now I can make a fortune easily!”

Now the trader with a false security starts to increase the size of their trades and when the losing streak begins it can be violent and fast.

Bottom- line trading is NOT easy! It takes work and caution, I compare it to learning and winning in a formula one car. Would you get in the car having gone around the track one time and enter the race with the expectation you were going to win the first time out? Of course not! So why would you think anything different with trading? It’s that intense and so much to learn. It’s Ok to get excited just be realistic and decide you are going to learn as much as possible.

Have fun creating your own system.

Solution
I don’t mean to burst your bubble but trading is NOT easy or at least not as easy as some paint it to be.

It takes work and time in the market to learn the environment. So setting up a plan to learn is a good thing. Studying each day and setting time aside to learn the components of your trade be it technical, fundamentals, and strategies can move you forward very quickly.

Writing down (3) new things you learned each day and re-reading this list each day before you trade can speed up things as well.

Re-Cap:
• Have a plan for how your money is spent in your trading day and life
• Set up rules to stick to the plan
• Minimize your losses and manage them
• Focus on one strategy till it’s mastered
• Become a “digger” and fine tune each trade
• Trading is what you make it, have fun and learn
• Be a learning sponge
• Be flexible and change with the markets

In the mean time Great Trading!

 

Disclaimer/Nondisclosure 

ALL the information in the Robin Dayne Newsletter is for educational purposes only and is the sole property of Robin Dayne Inc. (RDI) and may not be duplicated, recorded or reproduced in any way and includes: verbal, print, e-mail, or any media vehicle without the written permission of RDI.



Top Traders Advice


Futures
By Chris Vermeulen

Gold & SP500 Day Trading Gone Wild & What's Next?
May 2, 2010


The past couple weeks we have seen sellers control the price of gold. This can be seen on the charts by the light volume drifts up then heavy volume sell selling sending this metal sharply lower. This type of price action provides some excellent intraday shorting opportunities.

On the other hand the SP500 has been doing quite the opposite providing some very profitable intraday buying opportunities for those who have the time to trade during the day.

Below I show a couple of low risk intraday trading opportunities which lasted a couple days providing massive gains, tiny down side risk and immediate price action. But what I think is about to happen in the next week or so will turn the tables with gold providing great buying opportunities and the SP500 with some great shorting opportunities, opposite to what is happening now.


Two Shorting Opportunities in Gold Making 210% Return in 3 Days
The fist two weeks of April gold had formed an excellent mini head & shoulders topping pattern. This is a pattern which I find very profitable when trading the intraday charts.

The first chart is of the 2 hour intraday gold chart spanning 25 days. On this chart gold had formed a mini head & shoulders topping pattern which day traders were able to take advantage of with very little risk.

Once the first wave of selling was finished and gold reached our price target of $1134, we exited our position and waited for another intraday setup. It was only a couple days later when gold has setup for another opportunity to short which an even more potential than the first trade as it had the possibility of dropping to the $1115 level. This would have provided a $40 move in gold washing the market of weak positions setting itself up for another big rally.

What I said in my February 10, 2010 post “The Damage to the Euro has been Done” at on BearMarketTracker.com was as follows:

“Investors should pay very close attention to the collapsing Euro. Since its inception in 1999 it has a history of volatility or price swings, which have pre-empted the peaks and troughs of the major U.S. stock market indices including the S&P 500 and the Dow 30 Industrials. The Euro’s steep declines versus the Dollar in the late summer of 2008 and winter of 2009, precipitated the crashes in the U.S. stock market which occurred in the Fall of 2008, and the Spring of 2009, respectively. Even the bursting of the dot com bubble in April of 2000 and the ensuing economic downturn in the U.S. can be blamed on a steep 15% decline in the Euro which began on January 3, 2000. These sell offs in U.S. stocks, which followed sudden and sharp upturns of the U.S. Dollar, were sparked by professional investors and analysts. They knew all too well that the sudden spikes in the Dollar meant that the prices of U.S. manufactured goods would have to go up and demand for them by foreigners would go down with the likely result being a U.S. economic downturn or a recession.

Sharp and sudden declines in the Euro have proven to be accurate leading indicators of market U.S. market crashes and economic downturns since the Euro’s inception in 1999. My argument is that it was the sharp decline of the Euro, which began in August of 2008, from off of its all time highs against the U.S. Dollar, which ignited the crash of the U.S. stock market in September of 2008. My belief is that it was the increased volatility of the Euro and its sharp and sudden sell off and not the sub prime debt problem, which caused the failures of Lehman, Merrill Lynch and AIG. The flight to safety in the Dollar and the increasing probability of a U.S. recession drove investors to dump the shares of all U.S. financial companies.”Read More


Options
By Stan Moore


Will we ever have a down week again? DOW 12,000 Next?
April 26th, 2010


We may have entered and are only two months into a market sweet spot similar to Jul of 2006/Feb 2007 time period where the S&P market rallied over 200 points with all corrections falling into a 25-35 point range. Until last Friday, the market has held above 10 DMA for 42 days in a row, the longest stretch in 10 years. M&A is about to explode. NET traders stay tuned.

The U.S. stock market has rallied 8 weeks in a row. All news is treated well. The market is chewing up and spitting out bad news with only a moment’s hesitation. It's spring and this spring a young man's fancy turns to thoughts of speculation as the Fed promises look good and as long as you're not a small business, you can borrow to invest and speculate at almost no cost. B.B. in fact is begging us to speculate, being unfair only to savers, conservative income investors like retirees, CD owners and money fund investors.

Under these conditions we have to be brain dead not to make money. Right? No, wrong! Most rational people understand easy access to credit has been the engine of growth for the past 30 years. Past and present easy credit is now being exposed in the media as a total fraud and has threatened to be dismantled or least turned into a shadow of its past and has created one of the greatest financial bubbles we have ever seen. At this same time the GDP would be solidly negative if it would not for inventory rebuilding, massive government spending and an additional $8-10 billion per month of consumer spending obtained from defaulting on their home mortgages. Yes! Virginia there is a Santa Claus and his name is Obama and his chief elf is none other than B.B. Just remember Bush started the bailouts with a $700 Billion TARP.

Exactly what is going on? It's taken me many years to understand that the game is "rigged." We have "Rigged Capitalism" designed to benefit the rich, connected and powerful - Wall Street and other financial institutions. These powerful forces will always find ways to benefit under any circumstances. Obama's trying but I'm afraid regulations won't work except to force capital to where it's treated better. Don't get me started here. That's a book!

Here’s a peek into our future. GE, one of the world's largest Corps, earned over $10 Billon in '09 but didn't pay a single dollar in US taxes. Their US operations lost $400 Million. Recently 5-6 S&P listed companies moved their corporate headquarters offshore to tax-friendlier countries. The rich will leave too and become citizens of other friendly nations. They will be welcomed with open arms. Frankly, I'm looking too. The "beat goes on" and will only get louder. Thank you Sonny and Cher.

Today and going forward, the major financial institutions are poised to make money like it's 2006-07 again. The primary bread-and-butter of Wall Street and its ilk are new issues and M&A. Deals are in a sweet spot where $5 to $10 Billion friendly deals can now be financed. New issues are coming to market in greater numbers than any time in the last two years. In fact, seven new issues came to market on just last Friday. Read More

P.S.
Please help spread the word about www.robindayne.com and the newsletter.

Join up also on "Twitter" we are going to do some exciting innovative things. The more people that subscribe, the more traders we can help. So please spread the word and encourage them to subscribe! Thanks so much!

The objective of this newsletter is to create a dynamic group of serious traders that realize the importance of a great trading mind set. I am dedicated to getting the word out since it represents 95% of the game and I will be making every effort to assist you to your ultimate success. But the reality is I can't do it all alone and so if you come across any other trading resources you think we should feature or post, I would love to hear about them and add them to what we are doing.

The links we feature are for educational and informational purposes. If you feel anything is inappropriate, please feel free to tell me as well. We are all in this together! So thanks, and as always, be happy, healthy, have fun and be responsible!

NOTE: To print the newsletter in black and white, simply to to your print preferences and choose black ink only. Instructions may vary.