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2013/01/01

Technical Tuesday: 2013, How The Richest Get Richer...

 
January 1, 2013
Technical Tuesday: 2013, How The Richest Get Richer...

Technical Tuesday: 2013, How The Richest Get Richer...

By Chris Rowe - Creator: Technical Analysis Millionaire

How can we all work together to achieve these 2 goals:

1.  Make you MUCH wealthier
2.  Do our part to reduce the U.S. deficit

ANSWER:  Lots and lots of capital gains!

According to Yahoo Finance:

"The average income of a top-400 earner grew by 650% between 1992 and 2007 to a whopping $344 million. Over that time, the average salary didn't even double. But the average capital gains haul increased by 1,200%. So how do the richest get richer? Not from their wages. From their investments."

I have an announcement to make:  I'm going to start off my year by giving gifts to our loyal readers!

This month, I'll hold a series of webinars (free to Tycoon Report readers) where you can ask live questions about the presentations. 

I'll present on a number of different strategies and concepts for making yourself a better trader/investor.  I'll also discuss what's happening in the market currently, and how to best position yourself.  I'll reveal some of what I'm doing with my own money.  I'll even hold some webinars that are super late at night for the convenience of those on the other side of the world.

Why am I doing this?

First of all, I'll admit that it really isn't going to be "work" for me, because I'm energized by the thought of it.  But experience tells me it's going to benefit most of the attendees in a big way. 

And if you love it and decide you want to "pay me back," then just answer a few of the questions I'll ask during the webinars...  The few questions will just help me get to know my audience better, which benefits you. 

I have at least 10 topics that came to me over the last month that made me say to myself:  GOSH -- Every one of our readers absolutely MUST know about this and MUST incorporate it into their trading in 2013

I have some simple techniques to show you.  And I felt a strong RUSH through my body when it occurred to me how much people stand to benefit from what I plan on sharing throughout January.  I have no problem spending time making sure every Tycoon Report reader "gets it." 

I haven't felt this psyched about something since we founded the firm.


Why did last month, in particular, send a powerful jolt through me?

Because it was loaded with what we call "headline risk" surrounding the so called "fiscal cliff."  Such confusion!  It truly highlighted so many flaws about how individual investors think about investing.

And as I spoke to 20 - 30 investors each week, I heard about them trying to "bet" on which way the market was going to go based on the STORY of the market at the time.  It was ridiculous.  Having exposure to the market (bullish or bearish) out of fear of "missing" something reigned as the prominent motivating factor.

People were worried about missing out on a few percentage points of possible upside.  But when you are willing to profit from advances as well as declines, it becomes much easier to beat the market's returns.  Sure I might miss a few percentage points by sitting on the sidelines today.  But on the next OBVIOUS market downturn, my account will gain percentage points while the market loses them.  It should more than make up for anything I missed as a result of staying out of highly questionable markets.

Last month, people asked my opinion on the market in the coming quarter or year.  Let me bring you behind the scenes here, because in an average year I probably talk to over 1,000 different traders and investors...

The investors and traders who are sub-par or, at best, average, always seem to invest based on their "projections" for the next quarter, 6 months or year.  But on the flip side, most of the greatest traders/investors I know have a similar answer when you ask them what their projection is for the next X-time frame:  "*#@* if I know!"  (Most traders I know are "potty mouths" -- sorry.)

Instead, they move based on what's happening at the moment.  And when trends develop they find themselves already positioned, nice and early.  But they aren't afraid to limit their losses.


There are three qualities that the most successful investors/traders possess:

1.  Self evaluation (this may sound like an action, but it's also a quality)
2.  Risk management & position sizing (yes, this counts as one quality)
3.  Good trend analysis

All three of these will be covered in the series of webinars I will hold this month.  I promise to make the presentations tight.  We will move them along swiftly, but I'll break them down simply.  My overarching theme here... my main goal that I just posted on a sign on my wall is:  "The most valuable time - financially - you've ever spent." 

First and foremost, a good trader/investor doesn't adjust his/her life based on market fluctuations.  Instead, you want to adjust your strategy based on your desired lifestyle and level of comfort.  Ever notice that the successful investors aren't those bug-eyed, jittery, sweaty, stressed out hyperactive nuts?  They usually have a low level of stress.

I'll let you know, soon, when these webinars are to be held. 

I just wanted to give you this heads up.  Keep an eye out for them. 

I wasn't even going to publish today, because it's New Years Day.  But I'm too excited about it to hold it in until next week. 

I'm excited.  I have no problem doing this for free.  I know Tycoon Report loyalty grows stronger when I keep you financially strong, so it's all good. 

Okay, keep an eye out for the invites and more details.

Until then, HAPPY NEW YEAR!!

Let Us Know What You Think About This Article


Christopher Rowe
Editor, The Tycoon Report
Co-Founder, Institute for Individual Investors
Creator, Technical Analysis Millionaire
Chief Investment Officer, The Trend Rider

An internationally respected authority on options, 9-year Wall Street veteran, and co-founder of Institute for Individual Investors, Chris Rowe spun out profitable trades for his Trend Rider members for 7 years, ending with his retirement in 2012.

While most professionals consider an options trader who is right on 3 of 10 trades to be very good, Chris was right on the majority of his trades!

Now, through his weekly "Technical Tuesday" Tycoon Report articles, Chris Rowe helps hundreds of thousands of investors across the globe, demonstrating the benefits they'll realize by taking a dispassionate, business-like approach to both stock and options trading.

In his thorough and detailed, yet easy and accessible courses, you'll learn directly from Chris how incredibly easy it is to consistently make money - in bull markets, bear markets and flat markets - when you use a proven system for trading success.


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