NASCAR - RUSTY WALLACE and Wizetrade. A ‘Wize’ Match!

NASCAR Winner Rusty Wallace has teamed up with yet another winner……Wizetrade!  Rusty says, “In 3 days, I was up $1,000 with just 3 investments.  I have been watching MY MONEY…..MAKE MONEY.  Wizetrade is the REAL DEAL!”

Visit with  Rusty Wallace and learn more about Wizetrade and how it can help you to become more successful as a trader.  Take a FREE Wizetrade test drive in your area!…..CLICK HERE!

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Wizetrade and 4X Made Easy - Just Getting Better All the Time!

WT LogoGlobalTec Solutions, L.L.P has implemented a FREE 3-Day  Training Class with the Initial 4XME logoPurchase of Wizetrade® and the 4X Made Easy® Software.  How cool of a deal is that?   WOW!

The Wizetrade and 4X Made Easy 3-Day Training classes give you the opportunity to learn how to use the software from one of our National Instructors. You’ll learn how to identify what type of trader you are, how to properly evaluate the charts, time your potential entries and exits, the common pitfalls of trading and so much more.

 Couple all of this with unlimited Customer Service and Technical Support, as well as updates and upgrades for Life and you have one very powerful tool. 

What more could you ask for?  Wizetrade and 4X Made Easy are powerful  software trading programs.  CLICK HERE to learn more about Wizetrade and CLICK HERE for 4X Made Easy, or to schedule a software DEMO!   or call (888) 304-8881 for more information.

  Don’t wait…..Do it Now!

4X Made Easy Software Overview with Lindsay Hall

4xmadeeasy logo4X Made Easy is a very powerful tool when it comes to watching trends and evaluating trades in the currencies markets. It is very easy to use and there is an integrated broker linked to the software, if you choose to place your trades through them. I have uploaded the video because I wanted you to see how easy it is to use this software. I use the software everyday and find it extremely easy to understand and use.

Here’s Lindsay’s Training Video…….

Lindsay’s 4X Training Video

Trading Plan

How many of you have actually traded ‘live’ WITHOUT a Trading Plan in place? I’d venture to say that more than 50% of new or existing traders execute trades in the markets without a solid trading plan in place. A ‘Trading Plan’ is the single most important item you could have in your portfolio. Trading Plans allow you to monitor your trades with a specific set of goals in mind. No guesswork involved, just solid planning and execution.

How do I create a Trading Plan? What is contained in a Trading Plan? Is it hard to create one?

Here is Criteria for a Trading Plan…..

Trading Plan Criteria Plan A Before trading any security, you must be able to answer the following questions. You must be honest with yourself and do not fudge the numbers or the responses. You will need to adjust this information as the market conditions change and your trading methods change. I would suggest updating the trading plan every quarter or if you trade certain times within the year, set up a regular date to update or modify your trade plan.

  • How much capital am I setting aside to trade with? This is an important question since this answer will directly affect what securities you will trade and how many you can trade.
  • How much am I willing to lose on one trade? Traders usually do not want to answer this question because it mentally admits that you will fail at one time or another. No one is 100% all the time. You will have a loss. This is an uncontrolled part of trading and we must accept this. The amount we lose is almost completely controlled by the individual trader. This single thought gives us so much financial power that we can literally say when enough is enough. Be fore even paper trading, you must be able to answer this question.
    • You can set up a risk by percent of account, percent of investment, or a dollar amount. I suggest using a percentage of investment on each trade. If you use a percentage, that percentage will never change when you start increasing the amount of capital in each trade. A very reasonable percent loss for forex and option traders is a risk of 10 – 20% of their investment (plus commissions). This gives the trade a little bit of room to move without getting stopped out. The choice will be up to you since some traders may not be able to risk 20% of the investment and other may want to risk more. It is a trial and error period and you will find a sweet spot that fits your style.
  • What are my profit goals? Do not try to become a millionaire overnight. It will not happen. Instead, take small profits and make them consistent. The hardest part about trading is not getting into the trade; it’s taking the profit when it is available to you. Most trades are profitable at one point, but we are so focused on making big profits that we do not take the trades ‘off the table’ and we end up with losing trades instead.
    • Profit goals can be set by using percent of account, percent of investment, and dollar amount. Using the concept of a 1:1.5 risk/reward ratio, if we take the 20% risk we calculated earlier, then we would need a percentage gain of 30% to fall under these guidelines. We must get used to the fact that a lot of trades will never be 30% positive. Here’s how I look at it. Example:
      • You are entering a trade that costs $1000. Risk is 20% ($200) so your reward is 30% ($300). When this trade gets 10% ($100) profitable, reevaluate the trade. Look at the lights and see if there is a continued opportunity. See if the charts are losing angle or the volume is dropping off. If they are, take the profit off the table and go on to the next trade. If the charts are showing strength, then consider moving your stop loss to break even or use a trailing stop order to lock in a profit or prevent a negative trade.
  • When do I exit my trades? Regardless of the profit goal, consider an exit on the trade when one of the following three items show themselves.
    • Maximum loss is hit.
    • Profit goal obtained.
    • Lights and charts are going against me.
  • What do I want to accomplish with my trading account? This question will determine if you trade for leisure or you trade as a business. If you trade as a business and you are serious about being successful, you must have a long term goal. Is that goal making 20% of my account every month? Year? Do I wish to trade aggressively of conservatively? This will impact how many trades you need to make to obtain this goal.

o Example: You have a $10,000 account and you are only trading $2000 in each trade. If you make 10% on each trade, how many trades would it take to make 100% of your investment? $2000 x .1 (10%) = $200. $200 x 10 trades = $2000. So it took 10 positive trades to make 20% of your account. The time factor is a variable and some trades you may have to wait on longer than others.· Did I paper trade this strategy enough to be confident to use live money?

Plan B

Your Plan B relates to your stop losses and limit orders that help you strategize while you are currently in a trade. Trading is a different ball game when you’re a spectator as opposed to an actual trader and in the game. Emotions come into play and will alter your logical thinking. · Am I focused?

o Are the kids running around? Dogs barking? Etc.?

· What emotions am I dealing with right now? Anxiety? Nervousness? Scared? Personal?

o Emotions make us do things we never would do under a sane mind. Do everything you can to keep emotions under wraps.

· Did I remember to place my stop loss?

· Why did I enter this trade to begin with?

o Many times we enter trades and then look at the trade days later and forget why we did it to begin with. Journal your entries and write stuff down to help you remember.

· What were my long term/short term goals for this trade?

· Did I take a journal entry?

· Am I prepared to see red in my account?

· Did I start off with a small position or a large position? Meaning: Did I over leverage myself on this trade? o Remember; never put more than 10 – 20% of your account into 1 trade. You can always add to a small position to make it larger later. Emergency Plan

· Do I have my broker’s phone number available or on speed dial?

· Do I have a corded phone nearby in case of an electrical surge? Remember, cordless phones are run by electricity and will not work if the power goes out!

· Did I invest in a UPS (uninterruptible power supply) for my computer? This will keep your computer going long enough to close a trade or shut your machine off in the case of an electrical outage.

· Do I have my critical stop loss placed? Always have some type of stop loss active with live money just in case of an emergency.It seems like a lot of work. It’s not and it will save you a lot of money and headaches if you follow it as it was created.

REMEMBER…….Plan your Trades……And……Trade your Plan!

Lindsay’s Hot Picks

Lindsay HallI really enjoy watching Lindsay in the afternoon when she picks a stock to watch. It is recorded from Wizetrade TV and then uploaded to YouTube. I go to this link everyday to watch her show….. Lindsay Hall on YouTube.

She talks about the picks done the day before and it is a great way to go back and see how the stock may have performed had you purchased it.

There are two other videos from Wizetrade TV. There is ‘Future Focus’ and MAD CHARTS vs Jim Cramer. One is about commodities and futures trading and the other takes a look at the stocks that Jim Cramer “MAD MONEY” had suggested the night before. It is funny.

Wizetrade TV’s YouTube Channel

Wizetrade TV LogoEach day we upload segments from our live internet broadcast, Wizetrade TV, for the public to view. We currently are uploading our Futures Focus show which features Alan Knuckman and our Wizetrade’s Mad Charts vs. Jim Cramer segments with Jared Levy. This segment takes Jim’s picks from the night before and reviews them against the Wizetrade software. Our Lindsay Hall’s hot stock picks segment has Lindsay offering up the hot stocks to watch for the following day and our WTV trade of the day. We will be adding more shows in the future, so stay tuned


One Month Until WizeFEST 2007

If you’re interested in saving $200 getting into WizeFEST this is the last week to buy the early-bird tickets. Why should you be interested in attending? Take a look at a select few in the speaker line-up:

41st President - George Bush

    The Honorable George Bush
    The 41st President of the United States
    Neil Cavuto
    FOX News VP/Host of Your World with Neil Cavuto
    George Thompson
    Founder/President, Wizetrade
    Ross Shafer
    Veteran Comic/Author back for the 4th time as WizeFEST Emcee

10 Common Mistakes that New Traders Make

  1. Not using money management
  2. Failure to set realistic expectations
  3. Lack of patience
  4. Trading against the trend
  5. Let losers run too long/cut winners short
  6. Failure to use consistent method
  7. Following too many stocks
  8. Getting too emotional
  9. Not learning how to sell short
  10. Not fixing mistakes made

Adventures with Lindsay Hall: Swing Trade

Watch Lindsay Hall, a stock market guru, as she asks everyone what the meaning of some common Wall Street terms and then tells you in her own adventurous way.



WizeFEST 2007 in Just 2 Months!

Wizetrade WizeFEST 2007We’re excited that WizeFEST is only 2 months away. Join us September 5-8 in Dallas, Texas for 4 days of learning, socializing and fun!

(Sign up here)

Here are some of the things you can expect:

User Group Meetings and Social – Now’s your chance to join with other traders in your area to mingle and discuss trading. If you’re not an existing User Group member, no problem. Come by and meet your local chapter to see if you’d like to join.

Customer Luncheon on Saturday, Grouped by Product – This is a great opportunity to meet with customers who trade the same markets you do. Each product will have its own dining area so you can sit, eat and discuss trading strategies. This is a once-in-a-lifetime opportunity to meet hundreds of other traders with similar investing interests!

Self-Assessment Courses – Attend a Self-Assessment Course on Wednesday afternoon—which will help you better understand your trading strengths and weaknesses, what you should be focusing on in your trading plan and which WizeFEST training classes will benefit you the most!

More Customer Roundtables – Attend open panel discussions with traders just like you. The roundtables are comprised of a select group of customers—beginners and experienced traders. These are a great way to ask questions and hear feedback from other successful traders.

Sign up here