25% Profit In Under 24 Hours with Simple Trading System

In the last hour of trade on Thursday afternoon, the trading room identified a bearish trade on Newcrest Mining - NCM on the Australian Stock Exchange. With the market being so extremely volatile in the last few weeks/months, it was imperative that traders in the room were stacking the odds on our side when entering this trade. Using the technical analysis trading system we are taught by our mentor Johnny Howell, we identified the following factors in our favor:

1. Short term trend line broken on the daily chart
2. Trading Room Proprietary indicators all bearish.
3. Bearish Down Day - (if you don't understand what this is, you can learn the entire concept in the free home study that you get when you sign up for the trading room).
4. Increase in volume.
5. RSI pointing down
6. Other momentum indicators bearish.
7. Peaks and troughs bearish.
8. and there were actually even more indicators stacked in our favor for a bearish day on Friday.

Obviously, I don't want to go into too much detail here, because I think it's dangerous for me to equip you with information if you're not truly understanding what's going on.

If you really want to get your head around this stuff, you should get your butt into the trading room ASAP. Winning trades such as this week's NCM trade are identified on a regular basis. Sure - some of the picks are losers, but we are taught to cut our losses short, which means overall traders in the room are running at a nice profit.

Anyway, on Friday we were pleased to see NCM do exactly as the system had predicted. The trading room system had yet again picked a winner! Depending on the instrument used for this trade, most traders in the room achieved a profit of 20% to 25% on this trade by noon on Friday. Of course, the profit varies depending on whether traders traded options, CFDs or stock. For me personally, I love that the ONE trading room system can be used to trade in these MANY different ways on the ASX.

I'm sure you'd agree that the Planet Wealth Trading Room's Success is an AMAZING accomplishment in these current market conditions!

Here's why momentum is key for serious traders

OK, so I haven't posted here in a while. Why? Simply, because I lost momentum! And yet again, Johnny Howell has hit the nail on the head (for me at least) with a pep talk in the Trading Room about momentum.

And I don't mean momentum indicators for technical analysis.

What I mean is momentum in life... and more importantly momentum in trading.

To keep your momentum in trading, all you need is a little study each day. Keep on top of the charts. Keep up with the news. Even if - like me - you're sitting on the bench while the "Global Credit Crunch" slams the market, at least you should stick to a routine... just 10 minutes a day will do it. If you spend just 10 minutes a day studying charts and catching up on the news, you'll be primed for the day when the door of opportunity opens again.

Now, you might be thinking to yourself that you can sit out for a while and get back into chart study later. But be warned... that is how you will LOSE YOUR MOMENTUM! You'll become out of touch with the stocks you love to trade... and it could take a lot of work for you to get up to speed again. If you're like me, when you're faced with the prospect of a massive amount of study, you're inclined to procrastinate. Don't let that happen.

Instead, keep up your momentum. Stick to your routine every day. Study the markets and stay on top of your game!

P. S.
The more I trade, the more I realize how VITAL my overall psychology is in becoming a successful trader. This post on momentum is just one tiny example. The way you behave when you face financial loss or massive profits can make or break you as a trader... and as a person. This is serious business. Just recently, people have committed suicide due to the huge financial pressure created in these falling markets. If you need help with your mind set, get yourself into the Planet Wealth Trading Room today! It's the place to be for serious traders. Not only do we get stock-picks on a daily basis, but we get mentored in trading strategies and overall psychology - all for less that $20 per hour. I really can't believe I've found this gem. I urge you to join us if you really want to make trading work for you!