Money Show 2015 - Stock Whisperer

he next session I went to was run by Stefanie Kammerman, The Stock Whisperer. She says she does old fashion trading in a high tech world. Her site is here. She runs a Trading Boot Camp.

She says you start first with the psychological. She says you should start with paper trading before you use money. She used to have an overnight trading system, but now does day trading. She gave top reasons why traders fail.

1. The first reason has to do with no exit strategy. You need exits. One is stop-loss. You should be prepared to lose each day. You also need a target exit. You should control the trade, not let the trade controlling you. You should scale into and out of stock. This gives you more room to run. You can get out of half of your stock, then half again.


2. The next point was to watch your P & L., but do not stare at your money.


3. The third point is timing. If timing is off you may feel you over traded.


4. The next point is about chasing a stock. If you miss your entry point, do not take the trade.


5. The next point is about a lack of confidence. If you freeze in action, like a buy, you are not ready to trade yet. You cannot trade if you have money pressure.


6. Point 6 is lack of education. You have to know the difference between a gambler and a successful trader. You trade on the high probability of a successful trade.


7. Point 7 is about self-sabotage and the fear of success. You do great all week, but on Friday you get into a trade that you should not have and lose what you have earned all week.

On the Stock Whisperer site there is the Hot Stock of the day. Go to the website and get the video for free. You should be prepared to succeed every day. Exercise and eat a healthy breakfast.

1. What you want is


1. A stock that trades 100,000 shares before the market is open.


2. You want to trade stocks that have volume.


3. You want stocks that have momentum. It does if it trades before the market opens.


4. . If a stock pops up in the morning with no volume, it will drop like a rock later.


5. Trade stocks worth less than $40 a share.


2. The first reason has to do with no exit strategy. You need exits. One is stop-loss. You should be prepared to lose each day. You also need a target exit. You should control the trade, not let the trade controlling you. You should scale into and out of stock. This gives you more room to run. You can get out of half of your stock, then half again.


3. The next point was to watch your P & L., but do not stare at your money.


4. The third point is timing. If timing is off you may feel you over traded.


5. The next point is about chasing a stock. If you miss your entry point, do not take the trade.


6. The next point is about a lack of confidence. If you freeze in action, like a buy, you are not ready to trade yet. You cannot trade if you have money pressure.


7. Point 6 is lack of education. You have to know the difference between a gambler and a successful trader. You trade on the high probability of a successful trade.


8. Point 7 is about self-sabotage and the fear of success. You do great all week, but on Friday you get into a trade that you should not have and lose what you have earned all week.

On my other blog I am today writing about Keyera Corp. (TSX-KEY, OTC-KEYUF) ... learn more...

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