The 5 Do s and 5 Don ts of Trading as a Home Business

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Polly Chapman
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The 5 Do s and 5 Don ts of Trading as a Home Business Welcome to your introduction to Trading from Home from the International Day Trading Academy (www.idta.com.au) Our Truth about Business, Trading, and some points that you may not have considered important before now!

We would further suggest business success is measured by profitability and cash flow.

1 The 5 Do s and 5 Don ts of Trading as a Home Business Welcome to your introduction to Trading from Home from the International Day Trading Academy ( Our Truth about Business, Trading, and some points that you may not have considered important before now! Business. When considering a start-up business, we think it is fair to say that most people get into business with one intent, to be successful. We would further suggest business success is measured by profitability and cash flow. When you evaluate trading for what it really is you may find that trading as a Home Business (HB) has these potentials and a whole lot more! Trading. Our truth about trading is that it is no longer a mystery nor a past time reserved for the Big Banks and the Monster Trading Institutions. Instead, we are finding that more and more Aussies are taking up trading with the intent of developing their own Trading HB. These Aussies are seeing the significant potential of trading over more traditional Party Plan HB thinking and seem to be becoming savvier about how they spend their time. They are also getting far better at evaluating a business opportunity for what it really is prior to getting started. Our Observation - Aussies are becoming HB Savvy! We are discovering that a lot of Aussies do not like party plans, nor do they like any form of business model that involves selling things to their friends and family. Aussies are instead looking for a more genuine opportunity. An opportunity that is truly global, allows them to travel and trade from home, work their own hours, run a legitimate business with no staff, no inventory, no shop front, no land lord that ultimately puts them in the box seat. Page 1

2 We have concluded from this Aussies are becoming acutely aware of what it takes to be genuinely successful and they are then choosing a platform that actually may set them up for this success. This Guide is intended to introduce you to trading as a potential HB and highlight the 5 Do s and 5 Don ts of Trading as a HB opportunity. We want you to make an educated and informed decision; is trading a business solution I would consider? We look very forward to your thoughts and feedback! The 5 Do s of Trading as a Home Business Gone are the days where you have to ring a broker to take a trade, buy shares and pray they go up, spend hours a day combing the newspaper for the next big winner or indeed spend hours per day sitting in front of your computer. Instead, with the right education, you can now trade when you want to, up to 24 hours per day, five days per week, in both directions (up and down), and do it from wherever you have a good internet connection. Here are 5 tips to help you understand trading as a HB opportunity: Trade when you want to. The markets we use move up to 24 Hours Per Day, 5 days per week. So What? You can potentially trade when you want to, each and every trading day. * Trade from home. All of our trading is done over the internet with no need to call a broker. This means you can potentially trade from home, from work, or your favourite holiday destination, provided you have good (ADSL2 or equivalent) internet. * Trade with one computer with one screen! Page 2

3 Most people have a computer and an internet and may have the business tools they need already! * Trade both up and down. The markets move both up and down, we all know that and we see it almost every trading day So What? Make sure your strategy allows you to trade both up and down so you can potentially make money when the markets is rising and also when the market is falling. * Rely on yourself, not other people, for the success of your business!!! Your trading business, with the right education, involves you, the market, your computer and an internet connection. This may seem like a lonely argument but has anyone in business ever let you down? Has anyone ever promised the world and not delivered? Has anyone ever promised to stay motivated and keep selling and just stopped? How about building a business that only needs you and the above tools? * It must be noted that some days you may not get a trade. This means it is highly likely you have neither made money nor lost money for that trading day. It may be worth mentioning that the markets we trade turn over Millions of dollars per day So what does this mean for as a Trading HB owner? Some of the markets we trade, like the SP500 Share Index, turn over in excess of $100 Million USD per trading day. ** We target these markets as most of our traders seek to make only $100 - $200 per day when they first start. Now $100 - $200 per day is not life changing money, but it is a great start. This daily trading goal also sets the foundation for trading larger sums and seeking larger daily goals and is a great place to start. Now we have mentioned potential profit, let s talk about potential risk! Page 3

Setting a daily profit goal is a fundamental step to creating a good Trading HB but it must be noted that there are also risks involved in doing this.

4 Setting a daily profit goal is a fundamental step to creating a good Trading HB but it must be noted that there are also risks involved in doing this. Just like any business, we think it is fair to say that there is the potential for making money and losing money. In trading, we say that there is the potential to make money and lose money in every trade that we take. Because of this risk control forms a valuable part of your Trading HB Strategy. ** The Sp500 Daily Turnover Information. The 5 Don ts of Trading as a Home Business Gone are the days where you have to ring a broker to take a trade, buy shares and pray they go up, spend hours a day combing the newspaper for the next big winner or indeed spend hours per day sitting in front of your computer. Avoid complex strategies you do not understand. Trading well is not about trading a complex strategy you do not understand. Instead, it is about knowing what to do and when so make sure you use an educator that marks the trades for you live in the market so you know exactly what to do and when to do it. Avoid using brokers that charge you lots of money. If you pay large brokerage costs, these can potentially eat into your profit. Instead, use a strategy that costs less than $7 per trade when you first start. You would be crazy to do anything else! Avoid trading for longer than one hour per day. You can do this by targeting the opening of each of the markets we trade. This is when the market tends to be the most active and is hence more likely to provide a good trade. Page 4

5 Avoid strategies that only trade up, not down. The markets move both up and down, so best we know how to make money in both rising and falling markets. Trading up only is called B.H.P Buy Hold and Pray and is not smart in our books! Avoid trading markets that close. Markets that close do not allow you to exit a trade when they are closed. Instead, let s focus on trading markets when they are open and never hold overnight positions they increase your risk in trading significantly! When you can avoid the above potential negatives, in our opinion you significantly stack the odds in your favour of establishing a Trading HB that is set on a realistic expectation and a realistic foundation. Some Things To Think About When it comes to teaching anyone to do anything worthwhile we would argue that it helps a great deal if you show the new person exactly what to do and exactly when to do it. Just like an apprentice working under the skilful eye of a far more experienced tradesperson. The apprentice should seek to have a great example set for them each and every day before they start! This is why we wrote the DELTA script. The DELTA script is designed to show you exactly when to get in to the market and when to get out of the market on every trade, live in the market! All signals are generated in real-time and show exact trade entry prices and targets. The figure below shows the Beginner Signal Arrow signal format in both directions. Page 5

Aqua Buy Arrows Quick The Beginner Refresh Arrows Prior To a Signal Confirming: 9439.5 Warning Confirmed Signal: 9439.5 9439.

The Signals are automatically placed on your charts for you!

follow and trade when they are learning how to trade.

6 Aqua Buy Arrows Quick The Beginner Refresh Arrows Prior To a Signal Confirming: Warning Confirmed Signal: Figure 1 The DELTA Script Developed by traders to help new traders trade! The Signals are automatically placed on your charts for you! The aqua arrows pointing up (triangles) in Figure 1 (below) are automatically generated buy signals for new traders to follow and trade when they are learning how to trade. These signals occur live in the market so all students have equal knowledge and opportunity to get in to the market at the time the trade triggers. The DELTA Script will show you the following: Your direction of trade, Your time of trade, The Price to buy at, and The price you sell at. Ideally, we seek to make trading as your HB as straight forward as possible. As a result we will additionally instruct you in profit maximisation, risk control, market selection, trade selection and of course the best time to trade each market each and every trading Page 6

7 day. Would you like to see some trade examples? If you would like to see more examples of what we do, or seek any further information on the International Day Trading Academy, simply click on the More Information button below! IDTA run both online and full day live trading events with multiple trade examples so that you can measure the potential profitability of the strategy we use and the risk control techniques we teach! We encourage you to do your due diligence, measure trading for what it really is, let us guide you through many live trade examples, and then make a decision; is trading your next HB opportunity? Attend a COMPLIMENTARY Live Online Learn to Trade Workshop. There nothing like a live chart to help explain a trading system in detail so we are excited to show you! We look forward to seeing you in our next Live Online Workshop! The I.D.T.A Team. Page 7

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