Originally posted by thetraderprofit
Since nobody has offered anything in 5 pages other than chat abt why traders won't share info, here is one rather generalized way to make money.
GET ACCESS TO BULLETS
I can't think of anything better than having an advantage over a lot of other traders. This is one way you get that advantage.
Most of the money I have made has been using bullets.
Come up with enough advantages, and you will have much higher profits.
Take this idea, think about, figure out the best ways to employ it, and you will be very profitable.
GET LEVERAGE
Need I say more abt this ?
Here's another much more difficult advantage:
UNDERSTAND GAAP/ READ FINANCIALS (and footnotes)
I realize this takes one heck of a lot of effort, but I can't think of all the times I've made $ from knowing whether a news story abt a co's acctg was BS or a BIG deal.
There are other advantages I could mention, but they are covered in my $100,000 training course. These are just the "loss" leaders---er, "profit" leaders.
Will someone please tell Don he's undercutting my training course by $99,000?
Seriously, the $ I have made was by consistently employing my advantages over a long period of time. No $100k days (well, I was close once). Just consistent profits using my advantages and avoiding excess risk. I think I've been profitable at least 75-80% of the days since I started trading. It adds up over time.
OCCASSIONALLY SWING FOR THE FENCES
Once in awhile, a rare opportunity presents itself. If you can recognize it, and have access to leverage, you will be very successful.
Not specific enough? Well, I'm not spoonfeeding actual "setups."
Use your brain, guys. There are a lot of sharp people on these boards. That's why I read them.
