The Bull Hunters Guide

Hello Fellow Bullhunters

When you first decide that you want to trade the stockmarket, think about how you will be trading. Ask yourself the following questions:

1. Will you make it a full time or part time job?

2. Are you doing it for a possible source of extra income or to replace your income?

3. Are you prepared to commit to practice to increase your confidence?

Trading the stock market is a personal journey. Just like it is for an artist to be good at his craft, it takes many hours of practice to be good, or confident, at trading the stock market.

When investing in shares, we can use them for passive income, growth “Capital Gain” or to build an asset base. Whatever you choose, it is wise to diversify as I mentioned last week. Do not put all of your trading bank into the one stock. A little here and there should perform and grow nicely for you, with the intention to keep it active Have some stock to rent, some to grow, and some to build on.

Some useful hints for proceeding to trade the stockmarket:

It is a good idea to develop a plan and set some ground rules. These rules must then be adhered to. Do not stray. If you stray, things can go wrong and usually do.

1. Writing down your intentions is usually best as you can then refer to your notes on a need to basis.

2. This plan must then be tested to see if it is working for your strategies.

Could you have a look at 2 stocks in the US DOW JONES that you may be interested in paper trading and research them. I would like to refer to them down the track so depending on how many comments I get and how many stock suggestions there are, we can follow these and learn how to trade them.

Get in quick….so you don’t miss your stocks getting looked at!

Angela Recchia
Graduate Support
Universal Wealth Creation © 2004 - 2007

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Hello Fellow Bull Hunters,

Today I want to establish some of the reasons why we even choose to trade on the Stock Market. I would first like to share with you an opinion from one of my mentors, 21st Century Academy presenter Nik Halik, who if you have had the opportunity to see in a live seminar always asks the question Why does the Stock Market exist?

The answer is simple:
It’s to transfer wealth from the uneducated to the educated

Primarily, trading is a good way to produce a cashflow. When we trade the financial markets we create short term profits or that is our aim. I am not saying that every trade will produce profits, sometimes they will be donations. By donations I mean a loss. Using this terminology sounds better for our psychology. This is something that Jamie McIntyre taught me.

Bull Hunters, with any trading there are risks involved that need to be managed and you must be aware of what these risks are. This is the single biggest reason that keeps many of us away from the stockmarket. There is no point in having all your capital tied up in one trade. It is always a good idea to divide what money you have set aside for trading into equal parts so you may have a few trades, or no trades, going at the one time. This minimizes your risk and spreads the opportunity around.

For example, if you had a trading bank of $20,000 to start with, you could divide this into 10 parts of $2000 each. Therefore, only $2000 would be spent on each trade. Or if you want to be more conservative, divide it up into 20 parts of $1000 each.

When we minimize risk and maximize profits, we will make additional income and create wealth.

Jamie McIntyre is also a big believer in setting goals. It is always a good idea before you begin, to establish some goals and also write a list of what your expectations will be. Make a commitment to yourself to continue with your education and to set aside a time for trading everyday. Whether it be to do some backtesting of stocks, doing some paper trading, or educating yourself on technical analysis. Whatever it is that you choose to do, make the time count.

I look forward to your comments so that I know that you got it and tell me if this article was helpful for you. How are you going to use this information? Tell me what you are aiming for.

Angela Recchia
Graduate Support
Universal Wealth Creation © 2004 - 2007

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