Enlightened Super Trader Education

The Master Trader

rsoriano — Wed, 11 Jul 2007 05:44:20 +0000

The Master Trader
by Reynaldo Soriano Jr.

I have always compared trading to martial arts because they are psychologically the same. Like martial arts, there are different levels of trading.

At the entry level, a trader is similar to a martial arts white belt, and has just started searching for the right trading system. The belief of beginners is that after they go to a seminar or read a trading book for the first time, they will soon make lots of money. They are convinced that trading will make them millionaires in a short period of time. Most of them would also like to leave their jobs as soon as possible.

The second level of traders is the blue belt level. This type of trader is learning that trading can be easy or tough. When challenged, they will either persist and keep going to more seminars, looking for the “holy grail,”… Click here to read the rest of the article

Abundance

rsoriano — Thu, 21 Dec 2006 12:38:38 +0000

Share trading is not all about making money. Money is just the end result, what you attain from share trading. Share trading is more than that—it is a tool or a vehicle for making money and at the same time it is a vehicle for mastering oneself. Share trading is a constant internal battle. For example, if a trader is in a position of profit and chooses to close his/her position, the question the trader will be asking his/herself is: “Am I going to be happy if I exit this trade?” In most cases, the answer will be NO! If the stock keeps rising the next day and the next, the trader who hopped out too early will wish he/she had stayed.To read the rest of the article click here.

23 Winning Habits from Master Investors

rsoriano — Mon, 06 Nov 2006 14:03:02 +0000

Over the week-end, I ended up at one of my favourite places- Borders. I like that place. Every time I head there, I always end up staying not for an hour but for at least 3 hours. Nevertheless, I ended up reading this book called the Winning Habits of Warren Buffets and George Soros by Mark Tier. According to Mark Tier, there are 23 Winning Habits. Would you like to know if you do have those 23 winning habits? You can check it at www.marktier.com or e-mail me at reynaldo@onlinetradingcfd.com if you would like to know what they are.

Take care and Happy Trading!

Reynaldo Soriano Jr. – Your Trader Coach

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trader coach,
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Being Fooled or is it just the way it is!

rsoriano — Sun, 29 Oct 2006 08:15:15 +0000

It’s 3:15 pm and after scanning 50 stocks or so, there were 3 possible great stocks with my trading system. Out of these 3 stocks, you have chosen a sure one because from what you have analysed, the probability of the stock going the way it’s meant to go is 99.99%. You got so excited that you can’t wait till the next day what the result is going to be.

It’s 10 am. the next day and with your anticipation, the stock that you chose didn’t do what the system was meant to do. You got dissappointed and with your emotion, you make unnecessary decisions to sell the stock. Or if you followed your rules, you would have hopped out and go to the next one. I bet this has happened to most/all traders out there.

The question is: How come this happened?
There are a few factors and possibilities why this happened.

1. The market is always right and it’s just the way it is. With your righteousness, you can not accept that the market is always right.
2. You have missed something with your analysis.
3. You weren’t looking at the bigger picture of the stock. You were too focused on the stock at its current state.
4. With your intuition, you knew that the stock is not going to perform but you insisted anyway to make yourself feel good.
5. You had great wins and you kept on trading. In other words, you’re overtrading and feeling invinsible.
6. Your ego took over because you want to keep on winning.
7. You’re not balanced and emotionally not ready after hitting a loss.

Anything else you can think off?

On the 20th of October, I traded STO (Santos Ltd.) and based on my system, it’s a goer! However, there was something that I missed. The current price didn’t break the down trend. It closed below it. Even though STO had a fantastic, massive volume, it didn’t perform the next day. I got fooled by it’s entry point. Was I really fooled or it’s just the way it is?

After three days of waiting, STO broke its down trend line and I bought more. Based on my system, the BB started to open out, great volume, rsi was up, momentums were up, and the current price close above the EMAVs. Was this the real entry point?

I sold STO the next day (26/20/06) at a good price and I was a happy man. So, who was I being at that moment? I was being patient, disciplined, and systematic.

My other trades last week were:

TLS – Telstra
RMD – Resmed

Yeah Yeah!

Well done to Ann and Barry last week for their outstanding picks!

Ann – RMD made over 6% per share. Calculate that in ROI using CFDs. It’ll be huge!

Barry – TIM made exceptionally well shorting that stock!

There are definitely plenty of opportunities out there and all you have to do is pick em!

This is all for now and till next time, Happy Trading!!

Reynaldo.

PS. Do you need help with your trading? Give me a call on 0439 421 219 or e-mail on reynaldo@onlinetradingcfd.com

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Oct 16 – 20 – Stick to the System!

rsoriano — Sun, 22 Oct 2006 21:29:00 +0000

It’s amazing how news could affect your trading psychologically. Last thursday, I went short with WPL – Woodside Petroleum Ltd. and according to my system, all the necessary indicators were there to drop. Due to OPEC’s decision that they were going to limit production of oil by at least 1.4 million barrels a day, crude oil jumped in price. I anticipated that WPL will go up by friday morning. Guess what? It did for a few minutes and then dropped.

So, what was the lesson? Due to what I have seen and read, I panicked because of the report and I didn’t let the stock do it’s thing. Therefore, always stick to the system and give the stock a chance to perform. WPL dropped by at least 50 cents at the end of closing.

Date: 19/10/06
Stock: WPL – Woodside Petroleum Pty Ltd.
Strategy: Short Sell
Entry Price: $39.05
Why? Broke the 39.80 Support/Resistance line and with my system, everything’s on the go.
Volume: Fantastic
Emav’s: Crossed Over
RSI: Down
Momentums: Down
Bollinger Bands: Opened Out
Projected Exit Buy Price: $38.55
(E-mail me if you want to look at the chart of WPL on how I have analysed it.)

Date: 20/10/06
Result: I hopped out at $39.10 when buyers started coming in during the first 5 minutes of trading. WPL closed at $38.50 as planned.
Personal rate of trade: 7/10
Comment: I panicked due to reporting and didn’t stick to my system. My stop loss was $39.50 and I didn’t let the stock do its thing.

Other Trades:

Stock: TEL – Telecom NZ
Date: 19/10/06
Strategy: Long
Entry Price: $3.81
Why? All system’s are go!!! Bull signal broke the consolidation pattern and it broke the short down trend.
Exit Price: $3.84 – $3.85

Result:
Sold TEL at $3.84 the next day (20/10/05).
ROI: 15% Nett
Personal Rating: 10/10
Comment: I think it has more room to move to $3.90

Stock: FGL – Fosters Group Ltd.
Date: 16/10/06
Strategy: Long
Entry Price: $4.46
Why? All systems are go!

Result: Holding
Personal Rating: N/A
Comment: It’s waiting for something and I am being patient with this.

This is all for now and Happy Trading!

Reynaldo Soriano Jr. – Your Trader Coach
reynaldo@onlinetradingcfd.com
www.onlinetradingcfd.com
www.supatrader.com

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What a Break!

rsoriano — Mon, 16 Oct 2006 09:24:00 +0000

I was in Sydney from the 7th of October on a business trip and I have been monitoring the market. The beauty about trading online is that it is so flexible, you can just trade anywhere.
From my last blog, I have mentioned how the Australian market is going to perform whether we are going to follow the rest of the world market as we are 200 points below the nominated point. I guess we did catch up as the XAO closed at 5353. The DOW on the other hand closed at its all time high of 11960.50. Commodities like oil is hovering around the $60 mark and it will be interesting to see whether its going to go up by the end of the year.
So, what have I been up to?
The last time I traded was on the 5th of October. I was teaching a client that day and we both traded live in the afternoon and we bought:

AWC – Alumina Ltd
Entry Price – $6.15 and $6.16
First Resistance to break – $6.20
EMAV’s – Crossed over
RSI – Up
Momentums – Up
Volume – fantastic
Bollinger Bands – Opening out
My Exit Price – $6.23 (Monday – October 9 whilst being at the blue mountains in an internet cafe. hehehe)

Whilst I was checking my e-mails at the same internet cafe at the blue mountains there was another trade that my client mentioned and it was:

WOR – Worleyparsons LTD
Entry date : Oct 9, 2006
Entry Price: $16.90-$16.92
Emavs – Crossed
Momentums – up
RSI – up
Bollinger bands – in
Volume – average
What makes this a good trade? – Total Break out from the consolidation
Exit Price – any day to your liking. If you exited on the 11th, you would have made a great $1 profit on a $16 stock
Question? If you missed the entry point on the 9th of October and you know that it’s a great stock to buy the next day, will you hop in at opening?
Answer: Yes, with caution (looking at market depth) or buy it in the afternoon.

Well done Brendan for this!

With the rest of my trip, I spent a lot of time with my fiance hiking, meditating and exploring the lovely views of the Blue Mountains. If you haven’t been there, I suggest to check it out sometime! I am refreshed and I look forward to trading this week!

Yesterday, we had another successful trading psychology workshop and the feedback was phenomenal. I truly believe that the key to successful trading is having a proper mindset with a proper trading system and a good trading plan.

Till next time, happy trading and keep kicking those goals!

Reynaldo – Your Trader Coach!
http://www.onlinetradingcfd.com
http://www.supatrader.com

Market Watch – Sept 25 – Sept 29. 2006

rsoriano — Sun, 01 Oct 2006 21:37:00 +0000

Welcome to another exciting week of stock trading. Last week, the DOW hit the highest of all time (above 11,700) and commodities had a come back after its straight losses. It will be interesting to see if the DOW will break like the S&P 500 did. “S&P notches five-year high; Dow may follow”. To read the article click here.

It will be interesting to see this week if the Australian All Ordinaries (XAO) will break its resistance and follow the rest of the worldwide market. The DAX remains above the 6000 mark and the FTSE also hit the 6000 mark. Currently, XAO is on the resistance level about the 5100 mark. Another 200 points from its all time high in May 10 2006.

Last week was a week full of opportunities from BHP to WPL. The question is, did you follow your rules to trade these stocks?

I traded a few stocks this week using my beginners trading system and advanced system. For now, let us stick to my beginner’s trading system.

RIN – Rinker Group Ltd.

Entry Date: Sept. 28, 2006
Price: $13.86
EMAV’s – Crossed Over
RSI – Up
Momentums – Up
Volume – Outstanding
Bollinger Bands – Opening Out

Result:

Exit Date: Sept. 29, 2006
Exit Price: $14.09
ROI using CFDs with Online Trading: 33% Gross

Trading Tip: RIN during that time was way out of the Bollinger Bands and was close to its resistance so the probability of the stock going to drop was high. After the first 10 minutes of trading, I shorted the stock and made another 10% return.

The other stocks I traded last week using my advanced system were OXR, WPL, and RMD. I am holding WPL and RMD. If you would like to know more about my advanced trading strategies, e-mail me at reynaldo@onlinetradingcfd.com

This is it for me and I look forward to another exciting trading week!

Take care and till next time, cheers!

Reynaldo – Your Trader Coach!
www.onlinetradingcfd.com
www.supatrader.com

Listen to my Stock Picks – RMD (Resmed) and MYP (Mayne Pharmacy)

rsoriano — Sun, 24 Sep 2006 22:57:00 +0000

Market Recap for Sept 11-15 – Is the Commodities Boom Finally Over?

rsoriano — Sun, 17 Sep 2006 19:48:00 +0000

Last monday was the fifth anniversary of the September 11, 2001 disaster. It was a day of remembering the brave and courageous who lost their lives in the terrorist attack. The stock market on the other hand was a bit volatile especially in the commodity sector. The question I was asking myself last week was that if the “commodities Boom is Finally Over? “. Looking at the Australian energy sector and the material sector, it hit its lowest since the start of the year. So, how low is it going to go further? Crude oil and Gold is pretty much the same. An article from Marketwatch stated the following:
“Energy is the “leading force in commodities and it won’t go down too much yet,” said Michael McDougall, an analyst at Fimat USA.” Another analyst stated that, “Every year, we see gasoline prices and crude-oil prices give up some 25%-30% of value. What’s odd about this year is that is has happened about six weeks early,” he said, adding that he expects prices to “snap back once they find their winter 2006-2007 bottoms.” In the meantime, a single terror attack on U.S. soil “would cause the commodity boom to continue,” said Cavanaugh. ” Gold prices would rise, oil, grains — everything else that is supply/demand driven and the commodity boom would flourish once again.”

To read this article, please click here.

It will be interesting to see how the energy sector and the material sector going to behave this week. There might be an opportunity to buy when the right time will come.

On the other hand, my stock pick for last week – Sept 13, 2006 was BIL (Brambles Industries Limited). Based on my system, all of the indicators were present.

Entry Price: $12.07
RSI – Up
Momentum’s – up
EMAV – up
Volume – Outstanding
Bollingerbands – Opened up

It was a big upday and at the same time broke it’s resistance of $12.00

Projected Profit using CFDs – $12.20

Exit Price: $12.50 ( Sept. 14, 2006)
ROI: 71.2% Gross Return overnight!

That is all for me for now and if you would like to share your successes or comment, please feel free to add it into my blog.

Take care and till next time, enjoy and happy trading!

Visit www.onlinetradingcfd.com or www.supatrader.com for future events

Listen to my Stock Pick for Sept 4 – Sept 8, 2006

rsoriano — Sun, 10 Sep 2006 21:55:00 +0000