Share Market Strategies

The Confidence to Trade and Make Money

After downloading and reading the E-Books I was very excited about Andrew Dimitries Options Spread Strategy.  I downloaded the spreadulator (an excel spreadsheet used for analysis and monitoring options) along with the other material provided for paper trading.  Now Paper Trading is a simulated trading process in which beginner investors can practice investing without committing real money.  Being a cautious person I wanted to do this for as long as was required to become proficient and most importantly, confident in implementing this strategy.

When I felt I was ready to proceed with my first trade using my own real money, I sat down and started my research of available stock options.  Although by this stage

First Trade

I was confident and believed I knew exactly what I was doing, I began to feel a little doubt and fear enter my mind.  Now I assume this is normal for any first time traders but I started having thoughts such as: what if there is something about the stock I don’t know and I pick the wrong one?  What if I buy at the wrong price?  I wanted to Make Money not lose it, I felt that as I didn’t have access to the software used by the pro’s to select the best stocks it would be a lot smarter if I just followed their trades.

Make Money With The Trading Diary

As I mentioned in a previous post the partners at Planet Wealth are in fact experienced successful investors themselves.  They do not offer stock tips or advice, what they do offer is a trade sharing service.  By joining the Trading Diary they share with you the details of their own trades made with their own money immediately after they are placed.  For a beginner investor I believe this is pure gold.  Imagine being able to copy the trade of an experienced, proven trader as he makes them.  A great way for a newbie to gain confidence and reduce the risk of making mistakes due to lack of experience and also increase their ability to Make Money

Once the trade is placed you can choose to receive it by all or any of the following:

• Website Posting
• Email
• SMS

The details you receive include all of those you need to place the trade yourself;

• Name of the Company
• The Stock Ticker
• The Exact Price at Entry
• Risk/Reward
• Brief commentary on why the trade was chosen

The strategy I mentioned in the first paragraph is one of six Share Market Strategies traded by Planet Wealth.  Six E-Books detailing each one is explained here at Planet Wealth E-Books.

Invest with Confidence

Travelpilot

Share Market Rising

The Cost of Financial Freedom

In my last post I discussed the importance of obtaining a solid education in order to be successful in using any share market strategies and ultimately achieving your goal of financial freedom.  Being a full time professional pilot it is difficult for me to find the time to put in the study and effort I believe is required in order to have the best chance of success.  This was a difficult situation for me as previously I  had lost a lot of money in investments that I had no control over i.e. investments where I handed my money over to an investor or investment company and prayed they would be successful to  make money for me.  I was determined to never again participate in this method of investing and to take control of it myself.

After a lot of searching I decided to go with Planet Wealth, I was confident in my choice to do this because of these reasons.

• They offered e-books on all their strategies so that I could get a full understanding on each one.
• All partners in the company are experienced active investors.
• An available forum for asking specific questions or general discussion on anything financial.
• Their emphasis on Risk Management.
• They gave specific details on the risk involved with any transaction.
• Trading support through the Trading Diary.
• Auto Trader options
• Most importantly they are a trade sharing service.

The last item listed above is the one I considered most important of all.  There are thousands of trade recommendation services  available as well as companies offering advice on what to do.  What made Planet Wealth stand out for me is that they don’t do this at all, they share the actual trades they make themselves.  So whenever they place their own trades with their own money they provide you with all the details immediately after their trade is placed.

Having the confidence to trade in order to achieve financial freedom

So for me my first move was to download the e-books and start reading.  Each E-book describes:

• The particular strategy in detail
• The risk involved in any trade
• The potential reward
• How to mange the risk so you will never at any time expose yourself to losing a large portion of your funds.

Achieving financial independence requires not only education in your chosen method of passive income but also the skills in implementing them, so being able to follow an experienced investor as he trades gives you a massive amount of confidence especially when you are beginning.  If you would like to check out more information, please click on Planet Wealth E-books.  In future posts I will explain how I was able to leverage my time using the Trading Diary and Auto Trader systems.

Invest with Confidence
TravelPilot